Comment on Believing you will retire before you die now requires the same faith as believing in heaven

muntedcrocodile@hilariouschaos.com ⁨2⁩ ⁨weeks⁩ ago

• foggy@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Fun fact: you’re not in control.

  You can do everything right and oopsie the USD tanks. Hyper inflation. Womp womp.

  Just don’t put it on yourself with regard to it going tits up.

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  • toiletobserver@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    I think you misunderstand how investment works. My retirement is tied up in assets, not dollars, so it will float with any governmental shenanigans. And, those assets are global. Your theory only holds up if you have cash.

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    • foggy@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      The world uses the USD as a global financial standard.

      If it tanks your global assets do too.

      I don’t think you understand how investments work.

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    • muntedcrocodile@hilariouschaos.com ⁨2⁩ ⁨weeks⁩ ago

      Yep. Diversify the fuck out of everything and no single point of failure can undo you.

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• Kolanaki@pawb.social ⁨2⁩ ⁨weeks⁩ ago

  As long as I don’t do anything stupid it is impossible for me to fail

  I guess saying stupid shit isn’t the same as doing stupid shit.

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  • muntedcrocodile@hilariouschaos.com ⁨2⁩ ⁨weeks⁩ ago

    Ur absolutely right

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• Krauerking@lemy.lol ⁨2⁩ ⁨weeks⁩ ago

  as long as I

  Oof, and everyone else too it seems.

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  • muntedcrocodile@hilariouschaos.com ⁨2⁩ ⁨weeks⁩ ago

    Ohh no everyone else is fucked. I’m just privalleged as shit with the cards stacked in my favour. Good luck out there I’ll give u a wave from my ivory tower.

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    • Krauerking@lemy.lol ⁨2⁩ ⁨weeks⁩ ago

      No my point is that your gonna need everyone else to not be stupid too.
      All it takes is someone else in your ivory tower starting an apartment fire and that they didnt design fire exits or suppression strategies cause it would impact the look of it.
      No one does anything alone in this world. The rest of our stupidity rubs off eventually on your life.

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      • muntedcrocodile@hilariouschaos.com ⁨2⁩ ⁨weeks⁩ ago

        Wealth insulates you from everyone else’s idiotic behaviour. But ur right I need to take care to insulate from other people stupid behaviour better. No single points of failure and make everyone disposable. I’ll keep that in mind moving forward.

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• ripcord@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Or for the economy to collapse or something.

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  • muntedcrocodile@hilariouschaos.com ⁨2⁩ ⁨weeks⁩ ago

    Nar I’ll be fine. Just need enough money to buy food and the market will bounce back eventually. And if that failed then I’d have great fun in the apocalypse

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