Allowing 401ks to invest in private markets is a bad move at a bad time
The move might help asset managers but hurt savers and the economy more broadly
The move might help asset managers but hurt savers and the economy more broadly

Some investors reduce positions or buy protection for their portfolios amid concerns over valuations

Talks with private capital firms have focused on operational hurdles for retail customers

Individuals should be wary of the Trump administration’s plans to broaden the access to the asset class

Instant ability to trade tempts many to make bad decisions

Markets have shrugged off everything from geopolitics to financial crises

Portfolio management should be based more on themes such as innovation