Everyone else is trying to do the same thing
I don't believe they are. The vast majority of people I see investing and saving do so in a proactive manner, choosing on a whim, and with a risk horizon of less than a year. They pull out when the market goes down and pile on when hot tips become common ("Real estate can't lose!"). Even the big firms are doing a significant amount of trading and reformulating on a daily basis (evidence: financial "crisis").
I put my trust in the people who seem to understand what's really going on, like Warren Buffet, who says that a passively managed Index Fund is the way 99 percent of people should invest.
And if you're ready to say that IRA promises will be broken (which I also consider a good probability), then your "infinite banking" scheme is even less likely to remain stable, as they're backed by private companies rather than the US government.
I don't believe they are. The vast majority of people I see investing and saving do so in a proactive manner, choosing on a whim, and with a risk horizon of less than a year. They pull out when the market goes down and pile on when hot tips become common ("Real estate can't lose!"). Even the big firms are doing a significant amount of trading and reformulating on a daily basis (evidence: financial "crisis").
Nice stereotype, but I didn't do any of that, and still lost a lot from the time I started investing (mid '06), despite concentr...
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