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> And my 80 year old aunt is somehow supposed to read that all this is just an astoundingly massive bubble? No, she's supposed to read "8-18% per year guarante
by luckylion 4y ago
> And my 80 year old aunt is somehow supposed to read that all this is just an astoundingly massive bubble?
No, she's supposed to read "8-18% per year guaranteed, no risk*" and say "there's no legal way that's possible and there are too many asterisks, I'll stay with Vanguard".
- befair164 4y agoWhat about the endless warnings about hyperinflation and dollar deprecation in order to encourage crypto? Not everyone's aunt is out for a Lambo. The parent comment is totally correct that innocent people were slammed from every angle to the point where even pro investors or techies couldn't see through the SCAM.
- scrubs 4y agoDef! If your grandma says that please pass on my atta' girl! Nice to know somebody has got a grandma with the good kind of attitude
- dokein 4y agoThe concept of an average Joe holding an index fund only became popularized in the 1980s or even 1990s. A lot of grandmas kept their money in a savings account or in bonds for decades while becoming significantly poorer on a relative basis. How is a person with early stage dementia supposed to differentiate between "new thing that's actually an incredibly wise investment decision" (i.e. Vanguard, popularized in the WSJ in the 1980s) versus "new thing that's actually mostly a scam" (i.e. most of crypto, popularized in the WSJ in the 2010s) when their once-trusted sources of information have failed them so miserably?