Monday, March 14, 2016

"Will report back to you all in a generation to see if my instincts were right."

Tim Schneider on the Artist Pension Trust, which I mentioned last week:

"Personally, I'm torn about this concept. On the one hand, I'm in favor of anything that will get artists to invest and, as a result, gain some of the same financial security that workers in other sectors of the labor market enjoy. On the other hand, my gut tells me that most, if not all, artists would be better off if they just opened an IRA, used the proceeds from 20 sales to buy a low-cost S&P 500 index fund, and re-invested the dividends until retirement."