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A comment on The money I saved as a child would buy one picogram of gold today. Parent comment

Re:The money I saved as a child would buy one picogram of go... by nurettin on Sunday April 17, 2022 @04:00PM (#31063895)
While generally true, there's the problem of what to buy and when. Then there's the problem of hindsight and the problem of that one stock everyone thought was going to the moon crashing and burning away your life savings. Then there are strategies and strategies that decide which strategy to apply and when, then you realize it isn't as easy as "just buy stonks".
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Re:The money I saved as a child would buy one picogram of go... by UncleMeat on Sunday April 17, 2022 @04:58PM (#31064449)
It is more complicated, but the rule of "if you are more than 10 years from retirement, buy VTI when you have available money" works well for an absolutely huge number of people. You can optimize things, but there are effective strategies that fit on note cards.
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Re:The money I saved as a child would buy one picogram of go... by epgui on Sunday April 17, 2022 @04:08PM (#31063983)
The fact that it’s more complicated, or difficult, than the treatment I gave the subject in a passing comment doesn’t change the fact that it’s true generally speaking.
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