Comment by roboror
4 days ago
Because unless you are very lucky you simply will not be able to retire, or at worst just run out of money with no healthcare or shelter.
If everyone you know stressing about money would actually be fine if they stopped stressing they are all very privileged. That's not reality for most people. This is not a silly game, and it's frankly ridiculous for your advice to be "find plot of land, build a house."
> That's not reality for most people
Most people shouldn’t be managing their investments. The difference in return even if correct on smaller sums is often less than one’s labour is worth. If, on the other hand, it’s material to you whether your portfolio goes up or down by single digits, real estate is and should be part of that mix.
Dude we're talking about getting safe from an "ai" bubble pop by diversifying in gold and cryptos. If any of these words make sense to you, you obviously already are privileged.
I'm just sharing my experience, I know a bunch of relatively poor people (household with 2 min wage) who have kids and are paying their mortgage. I also know a shit ton of tech workers making $$$ who spend more than the combined income of the former households on pokemon cards and crypto coins every single month
> If everyone you know stressing about money would actually be fine if they stopped stressing they are all very privileged.
Well yes, that's my point, stop buying bullshit and start building a future, it's way less stressful to spend all of your money on a plan rather than spending it on future hypothetical gains that might or might not materialise depending on variables you don't even know about.