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CronoDAS comments on Who are your favorite "hidden rationalists"? - Less Wrong Discussion

18 Post author: aarongertler 11 January 2015 06:26AM

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Comment author: CronoDAS 13 January 2015 09:08:05AM *  2 points [-]

"Over the last 100 years or so, there's been no 40-year period in which you'd have run out of money if you held a broad stock-market-index-like portfolio and took out 3% of the initial capital, inflation-adjusted, every year; so you're safe adopting such a strategy now."

Assuming that you invested in the United States stock market. Argentina would have looked like a good bet back in the 1920s, but it hit some really bad times...

Comment author: BrassLion 15 January 2015 03:49:51AM *  1 point [-]

Mr. Money Mustache is very US centric. YMMV with the investing advice if you are in a country with different tax codes or a smaller stock market with less international exposure. The advice on how to save money is good no matter where you are.

Comment author: gjm 13 January 2015 09:36:25AM 0 points [-]

As I said:

I do not know whether the specific statement in quotation marks there is correct.

Indeed, some stock markets are better investments than others. (How far one can predict which ones is an interesting question.)

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