Investments - Kind of long post
The other day I was watching the Keiser Report and Max was going over how in 1950 90% of stocks were owned by individuals and 10% were managed funds. By 2014 this trend had reversed with 90% of stocks held by managed funds and only 10% of the market owned as individual's owning individual stocks. Why do I see this as a problem? Well, I am required to put X% of my salary in a mandatory fund (There are about 25 options to choose from), which is matched by X+3.5% match by my employer (great deal). However I am required to put it into managed funds which have fees, and are subject to manipulation.
My question is, wouldn't it be better if people could manage their own retirement accounts? It seems we are allowing fund managers to scrape money off the top, in a system that employees can't escape.
Honestly, I would be happier being able to keep my X%, and then they just give me the X+3.5% and say "good luck", then be forced into this system of market manipulation.
Anyways, on to the core point of this. Every month I have a bit of extra money left some of which I put in BitGold, but I am not sure what to do with the rest. Would it be smarter to put it into newer younger stocks that could grow, or older more developed stocks that pay dividends?
Don't be worried to share your opinion here, everyone is entitled to their own thoughts and strategy. Being kinda of young it would be foolish of me not to consult the more seasoned members we have here - thanks guys!