- Jun 12, 2014
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Founding Member
Publicly traded companies have to report on whether they are actually making stuff or not. They can of course lie, but that isn't that common. Your mutual funds will have a prospectus that tell you what they are doing with the money. If their decision making scares you, move your money to indexed funds and split your investments between stocks (the indexed funds) and bonds based on your age. For the bonds you could go with us federal debt if you really want to reduce your risk.That's just the thing though isn't it....who the hell knows where the money really goes when it leaves your hand and goes into some Wall Street asshat's control? Many companies out there that seemingly are in the business of making stuff, flying planes, providing a service, etc are so into the investment game themselves it all gets jumbled up. I don't want to do my own investing so I'm primarily in age based retirement target mutual funds, which sounds pretty safe but after watching that movie and reading some news stories I'm afraid of what will possibly happen one day.