3 ms·

He'll just burn out and never invest at all like many people did after dotcom bubble.

• JumpCrisscross 4y ago
  > just burn out and never invest at all like many people did after dotcom bubble Or be frugal and thoughtful as folks did after the Great Depression.
  • bluquark 4y ago
    Much of the Great Depression generation interpreted that as "only invest in bonds and CDs" and missed out on even larger gains. The stock market did very well the whole 20th century for every retirement generation, if they held lifelong. This historical sequence of stock investors underperforming wildly in the early 1930s, followed by bond investors underperforming wildly in the 1940s-60s boom, is why the 60% stock/40% bond portfolio became the standard advice for cautious savers.
  • seattle_spring 4y ago
    and then end up like my grandma, living her entire life eating spiceless boiled chicken, arguing with clerks over which coupons go together to make things free, and having a garage full of jars labeled with things like “bits of rubber”. Extreme frugality is not exactly a good life.
    • ddorian43 4y ago
      That looks like consequence of extreme poverty and can probably only be fixed with psychotherapy.
• Waterluvian 4y ago
  Investing in nothing but guaranteed bonds (GICs. Not sure what they’re called in the states) isn’t the worst thing. Yes, generally better off with index funds over the long term. But if the idea is that they become not just risk averse but risk allergic, it’s still a perfectly fine way to live.
  • zamnos 4y ago
    Tbills are paying 4.8 right now which is not too shabby.