understanding of risks doesn’t cut the mustard… I understand the house always wins. Understanding the odds in blackjack and understanding the odds in the stock market still makes you a gambler…an informed gambler, but nonetheless a gambler.
So if 401ks are bad because they incentivize gambling, what’s the alternative? You have a uselessly broad definition that seems to lead people only to a guarantee of losing purchasing power through inflation. Better guarantee a loss than “gamble” with strong evidence to support your risk I see.
Saying “the house always wins” about things like index investing is hilarious.
death and taxes. sure bet.
understanding of risks doesn’t cut the mustard… I understand the house always wins. Understanding the odds in blackjack and understanding the odds in the stock market still makes you a gambler…an informed gambler, but nonetheless a gambler.
So if 401ks are bad because they incentivize gambling, what’s the alternative? You have a uselessly broad definition that seems to lead people only to a guarantee of losing purchasing power through inflation. Better guarantee a loss than “gamble” with strong evidence to support your risk I see.
Saying “the house always wins” about things like index investing is hilarious.
Quoting me and saying "super specific ‘safe investment’ type of investment is 100% safe and will always make money.
https://www.thetimes.co.uk/article/pension-fraud-stolen-uk-expat-brite-advisory-mark-donnelly-jjh5cr7mk. theyse guys aint laughing
When you give anyone money to “invest” you are gambling that you will make money.
???
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