[quote=an][quote=deadzone]I don’t have time to go through your entire dissertation on this subject, but once again it looks like you are drunk and typing random keys on your computer.
Just look at yourself in the mirror, how much of your net worth (i.e. Wealth) is tied up in RE and Stocks? Almost all of it I will go out on a limb? That would explain why you are so defensive whenever anyone brings up the topic of RE or stock market crashing.[/quote]
You literally described most, if not all, people who have any wealth in this country.[/quote]
Like I said, dz gets defensive because he lacks any basic long term financial plan, and for the past 20+ years hasn’t moved his/her/their financial pillar significantly forward despite how smart he/she/they claims to be. These lack of financial focus aren’t problems for young people just starting out because they the next 20+ years to solve, incrementally over time.
But for dz, 20+years has past, and he/she/they know they blew it. If I were in his/her/their position, I too would be worried and get defensive if someone pointed out this glaring big hole in their financial plan that became a crater 20+years later.
I seriously doubt he/she/they has even bothered with simple basic stuff such as setting any retirement account : 401k/IRA/Roth/529 thinking any equity investment is too risky and think they know better than average people. He/she/they most likely missed out any tax advantage of said accounts (didn’t bother to understand them), probably missed out on any sort of free money 401k company match at previous and present employers ( do they even know what a 401k match is???)
It’s ironic, because even in the worst case scenario and he/she/they is right and the appreciation gains from house and stock is cut in half, having half of the appreciation gains is still way better than his/her/their do nothing 0% gain they managed to accomplish over the past 20 years.
Given his/her/their decisions made over the past 20+ years, I’m not sure why he/she/they think they are a shining example of how one should run one’s finances. It’s not that the his/he/their end result 20 years later was better than an average Joe six pack that just followed the basics over the past 20 years.
