this post was submitted on 11 Jun 2023
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Finance

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"Bogleheads® emphasize regular saving, broad diversification, and sticking to one's investment plan regardless of market conditions. We follow a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor. They have been further distilled and explained in thousands of posts on the forum.

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[–] ericjmorey@beehaw.org 0 points 1 year ago (7 children)

Bogleheads advice doesn't apply well to the median wage earner in the US.

[–] furrowsofar@beehaw.org 3 points 1 year ago (6 children)

Curious why you think that? I am not aware of any real alternative.

[–] ericjmorey@beehaw.org 0 points 1 year ago (4 children)

It's like telling someone to water their crops while they are experiencing a drought.

[–] Woozy@lemmy.fmhy.ml 1 points 1 year ago (1 children)

It's more like telling someone to methodically manage their irrigation before, during, and after droughts.

[–] ericjmorey@beehaw.org 1 points 1 year ago

How much do you think the median wage earner makes?

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