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
Because if you have nothing else, you can live there. That’s the whole point here.
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Replying to @MarcChristophr
Right, but that sense of security isn't as solid as people think Even a fully paid off house costs money over time - property tax, upkeep - and most people who buy take on the additional liability of a mortgage And most people do not have a location-independent income
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If it were true that "Once you own a house, no one can ever force you to move against your will again, no matter what happens to your finances" then it would be a very attractive decision to buy a house It isn't, though, and people thinking it is has caused a lot of grief
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