I don't really see putting your money in an index fund as "gambling" more than buying investment properties Individual stock picking absolutely is gambling though
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Replying to @arthur_affect
PROPERTY IS REAL YOU CAN PUT YOUR FOOT ON IT. STOCKS ARENT REAL ARTHUR
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Replying to @thelindsayellis
Just because you can put your foot in a house doesn't mean its value can't rapidly dwindle to nothing for reasons you don't understand or control
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Replying to @arthur_affect @thelindsayellis
You’re missing the point in saying “value”. Yes, from a money standpoint, the land can be “worth” less, but even at $0 it still exists as a tangible thing with physical property. Stocks don’t offer that tangibility
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Replying to @MarcChristophr
Why the hell do I care about owning a tangible physical thing that I don't have any use for and can't get any money out of I mean, gold coins are also physical tangible things and unlike land they're also fungible (my gold can't go down to $0 unless all gold goes to $0)
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Replying to @arthur_affect @MarcChristophr
I mean I get that owning the house you live in feels good But then if shit happens in your life and you HAVE TO MOVE, NOW, and you find you can't sell the house in a reasonable timeframe... that feels very bad
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(Which is why I feel strongly that buying a house should be seen as a way to manage your housing costs - consumption, not investment - that has both pros and cons compared to renting)
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