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Not that its the same return as holding cash (clearly that isn't true), just that if VTSAX doesn't pay off as a bet long term, it will be because the dollar has
by dghlsakjg 4y ago
Not that its the same return as holding cash (clearly that isn't true), just that if VTSAX doesn't pay off as a bet long term, it will be because the dollar has ceased to be valuable.
Basically, a bet on VTSAX is underpinned by faith in the dollar. If either one crashes the other is worthless.