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> you'll never get rich on a salary. Actually, if you get a nice salary and live below it, you can take the extra money and invest in an index fund. That will
by alien_at_work 9y ago
> you'll never get rich on a salary.
Actually, if you get a nice salary and live below it, you can take the extra money and invest in an index fund. That will get you rich much, much faster than chasing lotto tickets. Especially since startups usually have salaries so awful you can't possible do a start up and invest in sensible investments.
- jacknews 9y agoIn which case you're really getting rich off ownership of companies in the index.
- alien_at_work 9y agoMy point is more that investing in a company is a bad investment strategy. There are no fund managers with such a strategy. Any fundamentals strategy will rely on diversification. And a retail trader like us can't diversify cheaper than with an index fund/ETF. Having that single company investment also be the company you work for... and taking a lower salary to be able to make this awful bet... well, you deserve to lose big for behaving so financially irrational.