NEW YORK ( TheStreet) -- Baby boomers, you should be mad as hell.Wall Street has betrayed your very existence with pie charts that lie, questions that deceive you, and a system that led you down a path of investment performance over function.
|For the millions of Americans retiring in the next few years, checking your 401(k) statement can cause outrage.|
The latest news, photos and videos from the 'Occupy Wall Street' protests.
Rise against! Walk down right now to your local occupation site and tell the world you have had enough. Pie charts that understate risk do nothing to help you retire successfully. Demand a target risk, not simply a target date. Demand that risk be clearly stated and updated when markets become unstable. How is it useful to have a stockbroker call your pie chart moderate when the VIX measure of volatility is hitting 40? Most people can manage money better than a stockbroker because a gut instinct is better than a salesperson. Bring the war home. Demand basic measurements of risk, and not the very long-term 100-year Jeremy Siegel kind. You will be dead in 50 years, so start investing like you mean it. Leave dollar-cost averaging to those who have a dollar to add.