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I hear a lot about the nickel and dime stuff on how to save, but most people get eaten up by interest on home and education loans and medical costs. The other
by gedy 9y ago
I hear a lot about the nickel and dime stuff on how to save, but most people get eaten up by interest on home and education loans and medical costs. The other issue is interest rates being so low it amounts to a war on savings that neither party seems to willing to do anything about.
- Rebelgecko 9y agoYou can't have it both ways. Increasing interest helps people that save but hurts people that are taking out loans.
- JoshTriplett 9y ago> The other issue is interest rates being so low it amounts to a war on savings I used to think this; then I discovered index funds, and stopped keeping money in a savings account.
- njarboe 9y agoHow did you feel in the 2008 crash? No snark, just wondering how that was versus a savings account.
- maerF0x0 9y agoVTI is up ~200% since the bottom. If he bought (dollar cost averaging) and held. Probably feels great.
- njarboe 9y agoHe would feel great now. Just wondering his attitude when his "savings" dropped ~50% 2008-2009. Most people can't handle saving a million dollars over 25 years and have it drop in half over 6 months. The pain is too much. Avoiding this situation (and other reasons) is why pensions are better for most people.
- JoshTriplett 9y agoThe best way I ever heard it described was "the market is on sale right now".
- fibbery 9y agoSo you invested in the run up to the crash as well? Or only started investing in 2009+ (also known as a sweet summer child :)
- imtringued 9y agoIf you don't need to liquidate it doesn't matter.