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
Because for people our age, savings accounts and CDs have almost always been a joke in terms of interest. Mutual funds are the only viable way to save money long-term, even if it's built on lies and the optimism of the rich.
1 reply 0 retweets 0 likes
That same phenomenon of bottom-of-the-barrel interest rates is also why mortgages have never been cheaper, for those who qualify, which has also pushed a lot of people toward owning real estate who probably shouldn't
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