Retail investing should be banned. Unwashed masses should only be allowed to by index funds.
Wow - this has to be the stupidest thing I have ever seen.
Please lets start with a few problems:
1. Please define Unwashed Masses and give a definition that will show who is in/out of the group that isn't allowed to trade
2. Please define index fund - separate an index fund from something like Magellan which is one of the larges funds in the world, but is far from an index fun
Now that we have that out of the way, explain how making choices for myself should be made unlawful? Are you going to ban the lottery that has an even lower payout? What about my 401K plan, what choices am I allowed to have in my 401K... Is this different than "retail investing"?