This is true, but you would have had to make the right stock picks for this. The majority of the companies that have been on the S&P no longer exist. You can always index fund it, but I'm not seeing the majority of index funds beat or match the S&P.
Plus, it's a shitty method of retirement. It always goes up, sure. It can take 6-13 years to catch up after a large wipe out, and timing can be a huge issue. People should lean more into bonds as they close in on retirement age, but even then there's a pretty big mix.
Not to mention, the mag 7 is pretty much being propped up by passive investment tools. When the market corrects, it's going to be people with 401ks that eat shit.
This casino is not rigged in your favor. If the destruction of money stopped, people could budget and save. Why is it that we had almost 200 years of no (some inflation/some deflation) inflation, and after we get a central bank we lean heavily into usury and inflating our way out of debt to the detriment of the majority of working people.
This is true, but you would have had to make the right stock picks for this. The majority of the companies that have been on the S&P no longer exist. You can always index fund it, but I'm not seeing the majority of index funds beat or match the S&P.
Plus, it's a shitty method of retirement. It always goes up, sure. It can take 6-13 years to catch up after a large wipe out, and timing can be a huge issue. People should lean more into bonds as they close in on retirement age, but even then there's a pretty big mix.
Not to mention, the mag 7 is pretty much being propped up by passive investment tools. When the market corrects, it's going to be people with 401ks that eat shit.
This casino is not rigged in your favor. If the destruction of money stopped, people could budget and save. Why is it that we had almost 200 years of no (some inflation/some deflation) inflation, and after we get a central bank we lean heavily into usury and inflating our way out of debt to the detriment of the majority of working people.