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The point of investing in an ETF is not exactly to bet that the economy will grow no matter what, but to minimize variance and regret with the money you had at
by whiplash451 4y ago
The point of investing in an ETF is not exactly to bet that the economy will grow no matter what, but to minimize variance and regret with the money you had at the beginning (i.e. you may end up in the red, but in terms of expectations, your likelihood of being in the red was no worse than the average).
- strix_varius 4y agoExactly - for me, investment is less about "making it big" and "beating the market," and more about, "storing the value of the work I did to earn this $X." Such that, if the "burn rate" for my household today is $60k/yr, and I store $60k in investments, then when I withdraw at some future date $X will still be enough to support my household for a year.