Random_Throwaway_000
@arakouzo Financial assets, like housing, are bad representatives of inflation. Better choice is rent. Rent represents the yearly cost to use a house. Rents have increased, but less than housing prices. The difference can be attributed to interest, the cost of a mortgage is at all time lows in history.
Furthermore, CPI is not cost of living. Cost of living doesn't include iPhones, but CPI does. The cost of living is multiples higher than CPI. University goes up 5%. Healthcare like 8%, rent like 5%+, but iPhones (vs the performance you get) are cheaper than 2005.
Does it suck? Yes, but it's not a complete lie, just half lie.
@redpillschool Don't forget about taxes. If your capital gains tax is 25%, then 3%~ is taken from 11%, leaving you with -2% real return on your stocks when you sell. Warren buffet got rich during the high inflation 70s by buying companies that will last forever, at cheap valuations, and never selling, thus no capital gains taxes.
2y ago The Hub
@JukeboxPimp I was gonna reply something sacrastic like "and if at first you don't succeed, try again!" to your plan, but the first thing I read was "the public square is moderated for decorum" so IDK try to be more serious? If life without women isn't worth continuing, that's your problem. Find value elsewhere first.