In “What Good Is Wall Street?” a long, thoughtfully argued piece in the New Yorker, John Cassidy makes the case that “Much of what investment bankers do is socially worthless” — it doesn’t “provide liquidity” or “price risk,” it merely extracts farcical rents for the relatively utilitarian task of moving money around:
via Much of what investment bankers do is socially worthless – Boing Boing.
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If you are ready to invest money for a future event, such as retirement or a child’s college education, you have several options. You do not have to invest in risky stocks or ventures. You can easily invest your money in ways that are very safe, which will show a decent return over a long period of time.