There’s a famous example of the poverty trap that uses boots that fall apart every season vs quality boots that last, and I think there is a quality level that is so bad it’s more expensive in the long run. So I do buy shoes that cost money. But I’m not buying fashion shoes or luxury brand shoes which I think is what you’re saying too.
Say you have $7000 day 1. Option 1 is to invest it all immediately. Option 2 is to invest only a portion and just keep the rest in cash until you invest later.
In the long run, the invested side always does better than the cash side, interest rates on a savings account by definition never match the long run gains in the stock market. You get a premium for your money in the stock market because it can go negative in the short term.
There is a reason to do Option 2, if you’re saving for a house or a car or something you probably don’t want to risk the market going down right before you want to make that purchase. Or if you are very sensitive to losses and you would he anxious or devastated if you put the money in and saw the value drop.
But for retirement funds, you want to maximize long term gains so it makes the most sense to put it in Day 1.
This comment did not go where I thought it was going but very interesting. You’re clearly making the right call for your personal finances.
I assumed you were going to say something about like expensive composting equipment or aluminum straws.
That ‘immigration is bad’ would actually be the vastly more common incorrect belief.
Trump appeared on Epstein’s flight logs at least 7 times confirmed in a court of law it’s not even conjecture to say he is on there.
There is literally no evidence or reason to believe Biden is on the list.
But BoTh sIdEs
What a puff piece. Cherry pick the highest inflation numbers, discount the equally-relevant wage side of the equation, end with a single person’s story instead of numbers.
Wages have been growing faster than inflation for a year and a half. They’re not caught up to all the inflation we have seen since the pandemic (yet) but they’re on the way. Completely ignoring that is bad reporting.
Personally I had way too many quality issues at that price range. An earbud would be randomly quieter than the other, the battery of an earbud would die, the Bluetooth would suck, or they would be unusable for phone calls. I bought refurbished $100-something headphones for $70 and haven’t needed to buy any more since.