Comments by "ChineseKiwi" (@ChineseKiwi) on "The Impending Collapse of the French Economy" video.

@bootsie5396 that is not how any of this works if you bothered to look into it and how regulated it is.
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@bootsie5396 the S&P500 fell 46% in 2008. Australian 'high growth' (riskier than most) portfolios fell 21% that year. Not to mention there is a lot more regulation on both since 2008. Have you ever bothered to look into say portfolio holdings of various portfolios of various Australian private pension investment companies? It isn't just equities, unless you specifically want that. You have zero idea. Just stop it.
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@bootsie5396 The Australian stockmarket of the top 100 companies over the last 100 years has increased by an average of 6% per year, or 2% factoring in all of the inflation. Do note that inflation was far higher and much more turbulent up to 1950 around the world. A few things have happened in that time to affect the stockmarket eh. - We have data (not just this) to support 'dollar cost averaging'. If investment analysts often cannot 'time the market', how do you think you can?
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@bootsie5396 ' corporate socialism' - or it is literally 'workers owning the means of production' as they indirectly own shares to the factory via their mandatory individual pension and their fund investing their money. You did think of it in that way right?
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@bootsie5396 you forget in this case, the workers ARE the 'corporate'.
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@bootsie5396 you did think that the reason you are against this is because you have associated equity investment with the rich and the only reason you think that is because they historically have gatekept it via far higher barriers to entry. The big reality is that due to a far aging population, taxes will not be able to pay for future pensions alone and forcing companies to provide pension payments to you, which is then invested, is FAR FAR better than ballooning government debt. You thought about ALL of this right?
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@bootsie5396 or you have no idea. In these schemes, it is literally the employer paying for your pension, which is then invested, therefore you indirectly own the companies via the shares the pension investment companies own. Therefore it is indirectly "the workers owning the means of production". Or you can get the government to do it e.g. Norway's Sovereign Wealth Fund. Is it a perfect system? No. But it's a hell of a lot better than going into massive government debt to fund pensions. Just how do you think you are going to solve that problem? What are your solutions?
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@bootsie5396 and you don't get the irony of the rich historically gatekeeoing investing therefore you are against it.
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@bootsie5396 it isn't **over a 30-45 year investment horizon* which these schemes are. You do not judge this investment horizon by a 2 year bubble. See my historical stats before. Not to mention if you bothered to look into the portfolio make-up, they aren't index funds, most are a mix of Australian and International equities, infrastructure and property and sometimes bonds as well. It is rather unfortunate in reality you have no idea of investing and Wall Street Millennial would state the same thing I am saying.
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@bootsie5396 it is OK to state you are ignorant of a thing and learn. Ignorance isn't just a right wing thing. (Even though I have stated how these schemes actually help the workers more but ok).
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@bootsie5396 These schemes are literally the modern co-op (with FAR less risk and more diversification) only you can't get your head around that due to ignorance and bias. No point owning a co-op of one store/company if that store/company goes bust.
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