How convenient that alternative investments like real estate, private equity, and crypto are allowed into retirement accts. Wall Street is getting another parachute. If and when Housing goes bust again, or Crypto has a huge selloff, or Private Equity funds tank because of over leverage, the average citizen with 401k, Roth IRA etc will be the ones hurt. Not the CEO of Blackrock.
To put it simply, imagine your broker allowed you to buy NVDA on leverage and if there is a systemic crash, your neighbor picks up the damage and you come out relatively unscathed. Transfer of Risk baby!
I highly recommend you read this below post by Bill Cara
Excerpt
The Threat: PE won’t explode—it will erode. Losses will emerge through:
-Delayed retirement distributions
-Withdrawal limits when you need cash
-“Smooth” NAV declines that surprise later
What recession? Book me a yacht vacation on the $RH CRUISE, sign me up for two Harley Davidson motorcycles, a Polaris Jet ski and a RV to tow all of this in luxury!!!
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