Re:You're Not Too Late
by arcticbull on Monday August 30, 2021 @09:18PM
(#28362938)
I’m only discussing the idea there’s such a thing as a “lifetime cash holder” who holds any material quantity of their net worth in an asset that says it depreciates on the tin.
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Re:You're Not Too Late
by phil_e_delphian on Tuesday August 31, 2021 @10:30AM
(#28368582)
Yes, and we've established that these people exist - aside from the info you've been presented, it should be pretty clear, anecdotally, if you have spent time with communities of first generation immigrants.
For example, I grew up with close friends whose parents were Bulgarian immigrants. Their parents had "good" jobs (dba, generic in-house IT) and were not hurting from money, but: they did not purchase homes, did not invest their money, and literally kept stacks of cash in the home.
Your personal experience and values are not necessarily representative of every other group in your country.
Re:You're Not Too Late
by arcticbull on Tuesday August 31, 2021 @01:43PM
(#28371115)
You can keep making jabs at me or you can provide some sources that aren’t personal anecdotes :) I’ll be the first to change my tune with data.