Can you spot the Wall Street falacy in this article?

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Can you spot the Wall Street falacy in this article?

Greg ScottPro Member
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes

What one phrase in this article sets the tone and (conveniently) ignores anyone who has made their wealth in real estate?

This is how Wall Street brainwashes us to constantly throw money into a 401k instead of investing in income producing real assets.

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  • Bill SchrimpfBusiness Member
    Real Estate Agent · Reno, NV · Member since 2014 · 349 posts · 189 votes
    2y

    I'm going with 2 sentences...

    Tax benefits are secondary to the value of the investment...

    The large percentage of wealth held in retirement accounts is particularly notable given the tax advantages these vehicles offer. Contributions to plans like 401(k)s and IRAs can grow tax-deferred, or even tax-free in the case of Roth IRAs.

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  • Greg ScottPro Member
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    Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
    2y
    I was going to go with "High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds."

    I know some very high net worth individuals who do not keep money in a brokerage account.  By ONLY looking at people with a lot of money in stocks and bonds, they get a very different sort of person than you might find on this site.
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