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> It just doesn't seem fair that someone who put in money earlier should have so much more than someone who started later, or was never able to Nor would it be
by BeetleB 2y ago
> It just doesn't seem fair that someone who put in money earlier should have so much more than someone who started later, or was never able to
Nor would it be fair that someone who made sacrifices to save should have the same money as his neighbor who just spends it all because he wants to.
I'm guessing what you wrote is not what you meant, but of course those who save for a longer period will have more. Assume there are no investment gains. You're putting money in a 0% interest bank account. Are you suggesting it's unfair that the person who puts more money in ends up with ... more money?
- spencerflem 2y agoNot the money saved but the "free" money from the 6% returns, that wasn't from sacrifices as much as just the rewards of already having money. Phrased it oddly, but index funds give me a weird feeling of getting something for nothing.
- Panzer04 2y agoProbably you should feel more aggrieved by government bonds, which are as close to riskless as it gets if you buy short-dated securities. Index funds are still riskyz though everyone forgets that when the market keeps going up.