3 ms·
lol I love the "safe" things cause you to "go broke"
by antishatter 5y ago
lol I love the "safe" things cause you to "go broke"
- godelski 5y agoDon't invest in vtsax, you'll lose all your money.
- MrDunham 5y agoAsk Warren Buffet - he’s never invested in safe things. /s Though seriously, looking at Buffet - he invested in incredibly safe companies (ones generally valued at below their book value, at least for the first few decades) and used a bunch of leverage on them to make top-10 global wealth. It bugs me (seems like it does for you, too) to hear the “you need risk for reward”. Safe !== broke, and risky!== rich. But too many people equate ”safe” and bonds or index funds (which also won’t make you broke, they just won’t generate generational wealth for the most part).