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I need to think more about this. I do see @Undisciplined point but I don't think most people actual have investment skills. Its the traders and fund managers that have actual skill. We have all outsourced to this select few out of necessity. I believe speculative investment would decrease but I don't if this qualifies as a skill most people have.
I'm not saying people are generally skilled investors, but their knowledge of different investment concepts is a skill.
I think most people would not even be familiar with stocks and bonds, much less options and derivatives, if they could just save their money.
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Yep, you are right.
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