As I'm sure you've heard by now, the government loves when you spend all your money on frivolous things, but let's be real, who doesn't? I mean, have you seen the prices of artisanal, small-batch, locally-sourced cat food? It's like they're trying to rob you blind!
So, I'm going to break down the real cost of blinging in your 401k, and let's get real, shall we?
First off, there's the fees-fees-fees of investing. Yeah, that's right, it's not just your fancy-schmancy investments that are bleeding you dry, it's the fees, baby! And don't even get me started on the management fundamentals that are really just a bunch of jargon for "we're going to make you pay us a lot of money to do the bare minimum"!
But wait, there's more! If you're lucky enough to have a robo-advisor helping you manage your 401k, you get to deal with the added bonus of algorithmic incompetence and digital disappointment! Because who needs human empathy when you have a machine that's just going to tell you to buy and sell based on arbitrary numbers and trends?
So, the next time someone tells you to "just invest in the market," remember: it's not just about making money, it's about making a statement. A statement that you're willing to sacrifice your sanity and your 401k to the altar of BLING!