If you visit bogleheads, you'll see countless stories of people with modest middle class incomes (teachers even) who steadily saved and invested in the US stock market over 30 years and are now sitting on a comfortable nest egg of a couple of million in their 50's.
reply> If you visit bogleheads, you'll see countless stories of people with modest middle class incomes (teachers even) who steadily saved and invested in the US stock market over 30 years and are now sitting on a comfortable nest egg of a couple of million in their 50's.
replyOMG! There's this thing called retirement in old age? I've never heard of it. TIL! /s
Working your whole life in stable job to save up a nest egg (which you typically then proceed to spend down), in no way contradicts any of the points I was making.
Ok, sure, it's dumb. Go spend your money on shiny new things instead. I mean, as you certainly know and complain about, it just lines shareholder's pockets.
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