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Isn't #4 just moving money from one type of asset (equities) to another (real estate)? It's a bit of a gamble, but not crazy by any means.
by AlexandrB 3y ago
Isn't #4 just moving money from one type of asset (equities) to another (real estate)? It's a bit of a gamble, but not crazy by any means.
- schiem 3y agoI'm using #4 as an example of the opposite end of the spectrum from day trading in Robinhood - traditionally safe investments with little long term risk as a form of building wealth. The point that I was trying to get across is that across the people I personally know around my age, I can find examples that run the gamut of financial risk - everything from "leave it in a savings account" to "YOLO on options." Because of this, I don't think it's particularly useful to draw conclusions about what the general population is doing based on anecdata alone.