4 ms·

"The market can remain irrational longer than you can remain solvent."

• Aachen 4y ago
  That's why one is advised not to invest what one cannot miss
  • anyfoo 4y ago
    But then what? Put it into a money market account where it gets eaten up by inflation?
    • Aachen 4y ago
      More like a bank account falling under the deposit insurance. Don't gamble with money you can't do without, is what I was trying to convey. If you mean for a pension (assuming there is no state-supplied minimum pension that you could live from if necessary), get a pension plan where it stipulates how much you'll get per month rather than something where you depend directly on the market's daily whims. Very wide-spread ETFs are an exception due to their track record: if you are rich enough that you could survive a 15-year market recession then those are an option as well.
      • anyfoo 4y ago
        > Don't gamble with money you can't do without, is what I was trying to convey. That's fair, but my point was that retirements saving are money one "cannot miss" (as in the original comment) or "can't do without". And yet I think it has to be invested, for example in the options you listed, because keeping it in a bank account will only expose it to inflation, and hurt your retirement.