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What makes you think that if people are stupid enough to elect corrupt government officials they will be smart enough to invest their money wisely? If you trus

What makes you think that if people are stupid enough to elect corrupt government officials they will be smart enough to invest their money wisely? If you trust the financial markets more than the government that you elect, I have a bridge to sell you. Sure some smart people will be able to extract profit from the market but most won't. I'd rather live in a country where the people I chose can organize to ensure that nobody needs for anything rather than in a country where I gamed the system and now have to protect my loot against hordes of have-nots. And if I can't do that, the joke is on me.

dahfizz 4y ago
> Sure some smart people will be able to extract profit from the market but most won't. Source? Put your money in an index fund. The S&P 500 from 1958 to 2008 went up 90x. The worst case scenario - All your savings are in stocks and you retire during the second worst financial crisis ever. And your returns are 90x. Not 90%, 9000%. The idea that "most won't extract profit" is nonsense. In the long term, its free money for everyone. https://www.officialdata.org/us/stocks/s-p-500/1958?amount=100&endYear=2009 https://www.officialdata.org/us/stocks/s-p-500/1958?amount=1...