By this statement, I have no rights as a shareholder, only obligations. What, exactly, am I obligated to do as a holder of common stock? If I do not carry out these "obligations", what part of the business suffers as a direct result of me holding said common stock? For what it's worth, I've lost about 17% of my total retirement fund. I was able to stop the bleeding by removing my money from the mutual funds that were sucking me dry. These same markets have behaved like they always have, cyclical. I agree with you on anyone who thinks this could have gone nowhere but up is a complete schmuck. However, the long-term alternative is much worse. More on that later. I agree that a certain level of self-sufficiency is necessary in any financial planning. No one is going to look out for you but you. I can only assume that "keep my dollars with me" in the context of your previous posts means that you have them in a savings account or CD, since you would not invest them in the market. In that case, allow me to introduce to you the concept of inflation, and how that will come to absolutely decimate your retirement over the next 30 years. It (especially now) is almost impossible to find a savings/money market account that will beat the current inflationary rate of ~3.5%. Therefore, you are GUARANTEED to lose money on a straight cash savings over a long-term period. This is the entire reason why pension fund managers and retirement fund managers were set up, to leverage the market forces to get a better rate of return on the investments. However, now you're buying third-party stock, and now have all the company risk and none of the "rights". Huh? Product is taxes? You involuntarily pay for services that you may or may not receive. This pay scale is something that you largely have no control over. Since the government is also in control of the money supply, it can "make" money whenever it wants.