Computers are taking over your 401K. Should you care?
One of the challenges in writing Flickers of Fortune was to convince my readers that investing in the stock market could be dangerous, exciting and sexy. My thesis, if you will, was that much of the machinations behind the worlds wealth goes on behind the curtain of the world’s largest casino — known as the various stock exchanges. And if you don’t think handling money, lots and lots of money, is dangerous, exciting and sexy — well you’re probably not paying much attention to why things go the way they do.
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Couldn’t you go research all these things and more, and not bother with the writing part, you might ask? It would be a fine question. Of course I could, but I probably wouldn’t. I’m curious about so many things, but my ability to get myself to sit down and learn about them instead of goofing off is pretty limited. Unless I’m doing it for one of my books. Then I will spend hours on it.
Or, this positive exuberance could be no more than the enthusiasm of a classroom full of misbehaved children who have just figured out that their substitute teacher is an idiot. Oh boy. Are we going to have fun today.
I’m thinking about how wars start and how peace is made, how markets crash or don’t, how criminal activity succeeds or is uncovered, and how alliances are forged or broken. How many if-that-little-thing-hadn’t-happened components are there to any major world event? I’m thinking there are a lot of them, most of which we never know.
I wrote a book about prescience, the ability to see into the future and understand the true likelihood that an event will or won’t occur. Constructing the plot of d4 forced me to spend quite a bit of time considering how such an ability could work. What’s more, several of my characters were attempting to use their prescient skills to make money in the stock market, so I ended up learning quite a bit more about Mr. Dow Jones and all his friends, too.
In 2007 I took over managing all the money my husband and I had saved over our lifetime, even though I knew nothing about investing. Most of the money was in a 401K plan with my employer. I got laid off, was damned sure I didn’t want to keep that company’s stock, and so I had to do something else with it. We’d already had bad experiences with professionals too busy to answer the questions of folks with our meager level of savings, and twice we’d been directed into investments clearly not in our own best interest. There wasn’t going to be a third time. Not when everything we had was on the table.
S. R. Cronin 