[peytn]

I assume the whole point of picking the S&P 500 and not, say, Bitcoin is that it is something that an average person would reasonably invest in. Presumably you don’t live in the US. Who exactly is working at a grocery store abroad and putting their savings in SPY for 45 years? Are there average people abroad who would’ve invested all their money in US markets for the past 45 years and considered that a financially sound decision? If not, the example given kinda feels cherry-picked.

[cik]

I'm in Israel. This is extremely normal. We have trackers on the TLV. If you work anywhere and have any sort of pension, the default (i.e you sign your employment contract, and forget about life) is 80% tracking the S&P 500. To be clear, pensions are a thing in this country - most employees are legally mandated to pay into them, with pre-tax dollars that are received as a credit, with an employee match. That amount is 7% of your gross salary. Meaning, in my example, at a minimum, the average Israeli is saving $122 (USD) per month.

[peytn]

Interesting, did not know. Thanks.