So clever

Kalkaline

It matters to the extent that there is a whole class of people who don't have to worry about that stuff that think you're not paying enough taxes and could use less of YOUR social security when retirement comes.

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the fuck can i do about those people and their actions in today's world? other than shooting them.

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But good ghouls get headpats!

That's the flavour of vampire mind control they never mention in the stories.

Kalkaline

Throw up your hands and give up I guess.

JaggedRobotPubes

And when you understand it, what are you going to do, put some of your money which you have into it?

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That's a very good estimate of what it would be worth today, assuming they average a modest 6.5% return rate.

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I'm not saying i shouldn't understand compound interest. I do understand it. I'm just saying our hang helped me.

like what are you even implying i should be doing that I'm not?

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That depends, did you buy ¼ of a pony 20 years ago?

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Like some professional investors are not breathing in more cocaine than air to trade 24h around the globe. The current gap is on weekends.

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clearly understanding compound interest, or smth

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If you want to invest long term don’t take investing advice from people online who can barely form cogent sentences.

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A.k.a. familiars.

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If you don’t understand my sentences, then maybe you should learn english

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If I want to …. read your sentence, maybe, I’ll throw out all grammar and sentence structure. Maybe pretend I’ve done meth? Too!

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You would need to know grammar and syntax if you want to do without it, wouldn’t you? How would you do that?

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I wish I had $10 to invest at the end of the month.

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In 2024, we call that a C level position.

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Witches have familiars, vampires have thralls—what do they even teach in school these days? /s

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This is always the advice given by the "experts" during retirement "workshops". Have money and invest as much as you can into broad diversified funds. That the market will always grow in the long run because it has so far is taken as almost a guarantee, yet every one of these workshops will include a disclaimer of "Past performance is not indicative of future results". At some point I feel like there's going to a massive rug pull as the rich encourage everyone to put as much money as they can into the system so the rich can use it as exit liquidity. What's even better is that with retirement accounts, you're not allowed to pull out your money until decades into the future without massive penalties, and any changes in your allocations take at least a day to be made. Meanwhile the ultrawealthy have sub-millisecond algorithms at their disposal.

I'm sure when the great rug pull happens, every genius that espoused the common advice will come out and claim that obviously it wasn't sustainable (like the tech bubble or countless other bubbles) and repeat the magic words "Past performance is not indicative of future results", then they'll all suggest some other investment vehicle and that'll become the new common knowledge advice that everyone should follow until that also becomes unsustainable.

No thanks, I'll just do the company match for a guaranteed pay amount and enjoy the rest of my money while I'm young, instead of stashing it away and hoping it doesn't get fucked with in the decades before I can draw from it penalty-free and maybe having a decent chunk of money when I'm old and less capable of enjoying it.