nifty nifty nifty nifty@niftynei·Jan 20, 2021most financial advice is trash because it's generalized 🚮 ᵇᵘʸ ᵇᶦᵗᶜᵒᶦⁿ3132
nifty nifty nifty nifty@niftynei·Jan 20, 2021Replying to @niftynei and @vgranother way of asking this question is somewhere along the lines of “what index fund in particular would you recommend”11
Venkatesh Rao@vgr·Jan 20, 2021Replying to @niftyneiGeneralized advice is noble, low-fees, and low moral hazard. Personalized advice is a commissions scam 😇11
nifty nifty nifty nifty@niftynei·Jan 20, 2021Replying to @niftynei and @vgrmaybe worthwhile to add that “financial first principles” aren’t advice; the reason you’re touting “index funds” is really a way of saying “dont pay a lot of fees, diversify”11
Venkatesh Rao@vgrReplying to @niftyneiFor people who don’t know the first principles they are advice 😎9:35 PM · Jan 20, 2021
nifty nifty nifty nifty@niftynei·Jan 20, 2021Replying to @vgrbut divorced of the underlying precepts, it’s not worth a whole lot