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Also means people can save without needing to be financial wizards to not lose much of what they have over their lifetimes. Keeping what you earn in real terms
by trident1000 6y ago
Also means people can save without needing to be financial wizards to not lose much of what they have over their lifetimes. Keeping what you earn in real terms over a lifetime should not be as complicated as it is today.
- wmf 6y agoTarget date funds aren't complicated at all.
- trident1000 6y agoMany people in the US and elsewhere dont even know what that is. Know whats way easier? Holding a global non-inflatable reserve currency and forgetting the rest of the BS.
- deleted 6y ago[deleted]
- BMSmnqXAE4yfe1 6y agoThere is a lot of young people who think that stocks only ever go up. Wait until the the stock market crashes, and target date funds with it.
- wmf 6y agoTarget date funds aren't all stocks specifically to avoid this problem.
- BMSmnqXAE4yfe1 6y ago"Target date" means the ratio of stocks to bonds in them is getting rebalanced each year - the closer the target date (retirement), more bonds and less stocks. They have 60% or more in stocks.
- UncleMeat 6y agoOkay. BTC can crash too. There is no risk free financial instrument that generates wealth. But index funds are far more stable in the long run.