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by lvl100 1584 days ago
This is such a bad advice. Buying an index is what they want you to do. They want you to buy and hold until you retire. Do you not see the problem with that logic?
4 comments

And the sickest part of their whole plan is the part when you get to withdraw more money than you put in. Luckily, crypto solves this problem.
Of course you get to withdraw more money than you put in, because you owned productive assets.

Stocks are the middle class's ticket into the ownership class.

I think the previous post was sarcasm.
Ah thanks, that flew over my pre-coffee head. :)
One person's hodl is another person's holup.
The stock market is not a zero-sum game. Money-now is worth more than money-later to companies offering stocks, who know how to earn more money with that money. Long-term strategies simply take advantage of this fact to make long-term gains. Investments are just codified strategies on what ways you can put your idle money to work in someone else's hand.

Buying an index fund full of stocks at their current market price is no more illogical than running code you didn't write yourself. It's way way less work, it probably works better.

Better yet, trusting someone else's market price is much easier than trusting someone else's code because of the thousands of black-hat investors searching for profitable vulnerabilities in the market prices.

I don’t see the logic, can you explain this more?
Who is “they”?
Owners of the index funds, like Vanguard. And Vanguard, in turn, is owned by... wait a minute... oh no... I'm realizing I can't say anymore.
thanks. got it. I have no clue why you're being downvoted...