101
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 May 2024
101 points (100.0% liked)
Personal Finance
3872 readers
10 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 2 years ago
MODERATORS
death and taxes. sure bet.
understanding of risks doesn't cut the mustard... I understand the house always wins. Understanding the odds in blackjack and understanding the odds in the stock market still makes you a gambler...an informed gambler, but nonetheless a gambler.
So if 401ks are bad because they incentivize gambling, what's the alternative? You have a uselessly broad definition that seems to lead people only to a guarantee of losing purchasing power through inflation. Better guarantee a loss than "gamble" with strong evidence to support your risk I see.
Saying "the house always wins" about things like index investing is hilarious.
Quoting me and saying "super specific 'safe investment' type of investment is 100% safe and will always make money.
https://www.thetimes.co.uk/article/pension-fraud-stolen-uk-expat-brite-advisory-mark-donnelly-jjh5cr7mk. theyse guys aint laughing
When you give anyone money to "invest" you are gambling that you will make money.
???
!!!