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What are you even talking about? > there are not many true opportunities to grow value anymore There are more opportunities than ever in human history. The kn
by olegkikin 9y ago
What are you even talking about?
> there are not many true opportunities to grow value anymore
There are more opportunities than ever in human history. The knowledge and data are extremely accessible. The amount of spare money people have is near all-time-high. You can literally become a multimillionare without leaving your basement, simply by pressing keys on your keyboard.
> buying index funds is no guarantee for safety anymore
It never was. There's never a guarantee, your bank can go bankrupt, so can FDIC. But it's still one of the safest ways to invest.
Your investment options are extremely diverse as well. Only 50 years ago you had to call your broker to buy a stock. Now you can do that with a few mouseclicks. You can invest into foreign markets, cryptocurrencies, ICOs, you name it.
- erikb 9y agoYou think that because you read it in blogs and don't have the experience yet to see which of these articles are bullshit. It's not true though. The reason it seems that way is because the human species is so rich, that you can make a good living for 2-3 more generations by screwing other humans over. And if you're not one of the screwers the blog article you read is certainly tailored to screw you. Maybe if space flight becomes more available, but here on this planet all of value is already controlled by someone. And they don't intend to share it with you. Without growth there is no stability in society, exactly because people need to screw each other to stay floating. So the system is on a downturn. And you can be sure that no matter what we find next to exploit, it will require another system to stabilize on.