For a millionaire, a sudden market downturn cutting their net worth in half is a temporary storm they can ride out For someone whose life savings amount to only a few hundred dollars, this is catastrophic
-
-
If they didn't invest in anything at all but just put large amounts of their income in cash buried under their mattress, then when they finally took it out from the mattress they'd "feel rich" all of a sudden too, even with zero RoI (or negative RoI from inflation)
-
That's just how putting money away and taking it out again works
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.