you will very quickly amass enough to be part of the bourgeoisie
Petite Bourgeoisie. Rich enough not to care about day to day or year to year shit, but still precariously balanced on the razor's edge that is the Boom/Bust cycle.
You don't have to be an idiot to lose a fortune to, say, an Enron collapse or a Housing bubble pop. And I don't want to talk about how many professional class neighbors in my Houston suburb bought in on the Beanie Baby craze.
You don’t have to be an idiot to lose a fortune to, say, an Enron collapse or a Housing bubble pop.
Yes, you do actually. A couple million dollars in an S&P500 index fund is about as safe as it gets. The only way you go bust with that is if society collapses.
Petite Bourgeoisie. Rich enough not to care about day to day or year to year shit, but still precariously balanced on the razor's edge that is the Boom/Bust cycle.
You don't have to be an idiot to lose a fortune to, say, an Enron collapse or a Housing bubble pop. And I don't want to talk about how many professional class neighbors in my Houston suburb bought in on the Beanie Baby craze.
Yes, you do actually. A couple million dollars in an S&P500 index fund is about as safe as it gets. The only way you go bust with that is if society collapses.
Currently, the S&P500 is so heavily weighted towards a handful of tech stocks that it might as well be Apple And Amazon Holding Company, Inc.
Check out the P/E on Amazon right now. Tell me that's sustainable.
It's too big too fail.