- Location
- USA
I'm talking mutual funds / index funds that have built-in diversification, not picking specific stocks. For example, search "S&P 500" and look at the long-term trend.Sry, but using *stocks* as an analogue does not make it better since to me, that stuff (like cryptocurrency and NFTs) is essentially gambling only slightly removed from being an outright scam.
Knowing we have the house edge on inators is just like knowing that in the long run the stock market will go up (we have 230 years of evidence for the US stock market). Both are pieces of information that inform the rationale for making a decision. Because we know the stock market will rise in the long run, we rationally decide to invest in it using the appropriate investment strategies. (the stock market increasing in the long run is technically only evidence-based prediction, but we know for a fact by WoG that the house edge on inators thing *is* true).
Sure, you could argue that for example, the off chance zombie outbreak would mean all the money you invested in the stock market would have been better spent buying cans of beans or something... but based on probability, the smart thing to do is to invest for your retirement if you can afford to do so.
The arguments I've seen against inators *that cite probability* as the reason have either been outright wrong, or are intentionally or unintentionally misleading in my opinion.
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