Swamp Notes Trump opens retirement to crypto
20 snips
Aug 16, 2025 
Elisabeth de Fontenay, a law professor at Duke University, dives into the recent executive order enabling American retirement accounts to invest in cryptocurrencies and private equity. She discusses the potential risks and rewards for investors and warns of the complexities involved in navigating these new options. The conversation touches on the challenges posed by high fees and selecting fund managers, as well as the implications for ordinary investors entering risky markets. It's a fascinating exploration of a rapidly changing investment landscape!
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Retirement Accounts Opened To Private Assets
- Trump's executive order allows 401(k) plans to more freely include private assets like crypto and private equity.
- The change reduces litigation risk and opens retail retirement money to alternative investments.
Indexing Beats Most Active Picks
- Experts warn retail investors historically underperform when forced to pick active funds instead of passive index funds.
- Indexing public markets has outperformed most active private choices over decades.
Bad Timing For Retail Entry
- Institutional investors are dissatisfied with current private-market returns and illiquidity.
- Bringing retail money in now would likely reward existing investors, not new entrants.
