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
yeah idgi. a house is equity you can use you can use for stuff like, idk, shelter. you can't use stocks for literally anything. stocks aren't real.
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Replying to @thelindsayellis @arthur_affect
That makes it worse, not better. If you put all your savings into stocks and the stock market tanks, you’ve just lost all your money. If you put all your savings into a house and housing market tanks, you lost all your money AND your home.
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If you’ve paid for it. If you’re still paying your mortgage you could end up underwater, unable to make payments, and foreclosed on. There was a whole big thing about this 10-12 years ago, remember?
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Well, the people who had non-subprime fixed rate mortgages weren't directly fucked by the housing market tanking (you could still just live in the house and keep making the same payment, who cares about the underlying equity) They were fucked by the *economy* tanking
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The problem is that all this shit is correlated - one whole sector of the economy can't really tank without taking everything else down with it So most ordinary people have to consider that in any worst case scenario, they'll lose their job and have no income for a while
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