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I don't think Bogleheads applies for the vast majority of americans. The article in question is about a 66-year-old single mother of three, working two jobs. Sh

I don't think Bogleheads applies for the vast majority of americans. The article in question is about a 66-year-old single mother of three, working two jobs. She's most certainly not figuring out capital gains tax.

Ozzie_osman 4y ago
Bogleheads isn't about capital gains tax. It's about steadily investing in a passive portfolio, dollar cost averaging in, and taking advantage of compounding returns. It's also about living frugally below your means, but not everyone wants that second part :)
- Retric 4y ago
  Many people don’t have a realistic option to live below their means. Not only do people make little money the US government literally kicks you off food stamps if you have 2,000$ in the bank.
  - Ozzie_osman 4y ago
    In society broadly, you're absolutely right. For most of the folks reading these comments, we do (though that's obviously changing given the downturn).
    - sfhlihfdhcd 4y ago
      you realize most audience here is first time emigrants who make much less than Americans on the same job and have zero network to navigate the intentionally opaque 401k et al hacks? not to mention most come from places with actual humane retirement and working law safeguards so they fail to negotiate a buffer for the complete lack of those in the us. so yeah, you're out of touch with both the topic in the article and the audience here.
- PuppyTailWags 4y ago
  Yeah, like I said, the article is about a 66-year-old single mother of three working two jobs to stay afloat. She already had to move in with two roomates because she can't afford otherwise. Let's not blind ourselves to our own privilege, lest we become "let them eat cake" people. Many Americans cannot afford to steadily invest in a passive portfolio and don't have a realistic avenue to live any more frugally than they already to to any meaningful, life-improving extent.
  - mamonster 4y ago
    "Blind ourselves to our own privilege" I'm gonna be the asshole here, the article clearly states she adopted 3 children. Now because it isn't a particularly good article we don't know if maybe she adopted her nieces or nephew or whatever, but probably not(based on the video). That decision alone is a very big red flag that (coupled with the ominous "I have a live-for-now philosophy") that we are looking at a person that made some questionable decisions in her life.
    - deleted 4y ago
      [deleted]
    - Ozzie_osman 4y ago
      Maybe questionable decisions, maybe selfless decisions? I don't think we should judge her.
      - Fauntleroy 4y ago
        Good intentions do not make up for negative outcomes.
        Ozzie_osman 4y ago
        That depends on your values. I definitely know some people who have and would make a sacrifice like "Adopt 3 people and potentially change their life outcome for the positive, at my own personal expense"
RickJWagner 4y ago
Bogleheads teaches financial responsibility from step 1. It is the right path for everybody, but not everybody finds it or wants to learn.

Ozzie_osman 4y ago

Bogleheads isn't about capital gains tax. It's about steadily investing in a passive portfolio, dollar cost averaging in, and taking advantage of compounding returns. It's also about living frugally below your means, but not everyone wants that second part :)

Retric 4y ago
Many people don’t have a realistic option to live below their means. Not only do people make little money the US government literally kicks you off food stamps if you have 2,000$ in the bank.
- Ozzie_osman 4y ago
  In society broadly, you're absolutely right. For most of the folks reading these comments, we do (though that's obviously changing given the downturn).
  - sfhlihfdhcd 4y ago
    you realize most audience here is first time emigrants who make much less than Americans on the same job and have zero network to navigate the intentionally opaque 401k et al hacks? not to mention most come from places with actual humane retirement and working law safeguards so they fail to negotiate a buffer for the complete lack of those in the us. so yeah, you're out of touch with both the topic in the article and the audience here.
PuppyTailWags 4y ago
Yeah, like I said, the article is about a 66-year-old single mother of three working two jobs to stay afloat. She already had to move in with two roomates because she can't afford otherwise. Let's not blind ourselves to our own privilege, lest we become "let them eat cake" people. Many Americans cannot afford to steadily invest in a passive portfolio and don't have a realistic avenue to live any more frugally than they already to to any meaningful, life-improving extent.
- mamonster 4y ago
  "Blind ourselves to our own privilege" I'm gonna be the asshole here, the article clearly states she adopted 3 children. Now because it isn't a particularly good article we don't know if maybe she adopted her nieces or nephew or whatever, but probably not(based on the video). That decision alone is a very big red flag that (coupled with the ominous "I have a live-for-now philosophy") that we are looking at a person that made some questionable decisions in her life.
  - deleted 4y ago
    [deleted]
  - Ozzie_osman 4y ago
    Maybe questionable decisions, maybe selfless decisions? I don't think we should judge her.
    - Fauntleroy 4y ago
      Good intentions do not make up for negative outcomes.
      - Ozzie_osman 4y ago
        That depends on your values. I definitely know some people who have and would make a sacrifice like "Adopt 3 people and potentially change their life outcome for the positive, at my own personal expense"

RickJWagner 4y ago

Bogleheads teaches financial responsibility from step 1. It is the right path for everybody, but not everybody finds it or wants to learn.