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this post was submitted on 08 Sep 2023
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Trading limits, too.
Well, I’d say some sort of blind trust. That way, the only way they can influence their investments is making good decisions for the overall economy. Toss in some restrictions to require they avoid boomer-chip stocks. (Ie, s&p500 type investments would be okay, but not msft or any specific company. ETFs in general are too…easy to get around though.
Yeah, I agree but the problem with that is they can still time macro events that affect index funds and ETFs when they know about something big before the public, like covid.
It should be managed and timed by someone independent and the trust just pays a salary or allowance on a schedule.
That’s the point of the BLIND trust.
They’re not making the trades. They don’t even see where things are. they can’t time trade’s because they don’t make investment decisions. At all.
They can still invest by dumping cash into an account and somebody managing it for them. Like the 401k managers the poors get :)