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> collective action motivated by hatred of elite rigging the system... is dangerous to those elite. It's not. The elite are largely shielded from the volatili
by balls187 5y ago
> collective action motivated by hatred of elite rigging the system... is dangerous to those elite.
It's not.
The elite are largely shielded from the volatility of the masses.
It's the "middle class" whose retirement, pensions and life savings are tied up in the market that end up getting hit the most.
- skybrian 5y agoI'm not sure that's true? The stock market is up quite a bit if you look back a few years. Your average boglehead-style buy-and-hold investor has probably done very well.
- dylan604 5y ago>boglehead-style What does this mean?
- Fishkins 5y agoJohn C. Bogle founded Vanguard, which had the first index funds. Simply put, "Boglehead" refers to someone who invests in index fund(s) and leaves the money there long-term, without trying to time the market, buy individual stocks, etc.
- dylan604 5y agoThanks. My search-fu was not caffeinated enough this morning.
- johnnyletrois 5y agoThere’s an entire forum dedicated to this at https://www.bogleheads.org/ https://www.bogleheads.org/.
- akhosravian 5y agohttps://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283/ref=nodl_ https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Lar... Basically: buy a few index funds, don’t sweat trying to beat the market, you’ll come out alright.
- deleted 5y ago[deleted]
- balls187 5y agoOverall the market will win, but volatility around retirement is the issue. EDIT TO ADD: Sincerely, thank you for your comment (and the replies providing additional context). It's given me some much needed information to go research (ala Boglehead investing).