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Bogleheads Wiki (www.bogleheads.org)

submitted 1 year ago by [email protected] to c/[email protected]

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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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[–] [email protected] 1 points 1 year ago (3 children)

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

[–] JackbyDev 3 points 1 year ago

I think the hierarchy is

Balance your budget
Pay off debt
Build your future

I totally see where you're coming from though. It is definitely advice for what to do once you're not sinking so to speak. It's advice for step 3 of that process. Folks like Dave Ramsey (who really needs to be taken with a grain of salt, lots of grains) are for step 2 (and maybe 1).

[–] [email protected] 1 points 1 year ago

Does depend on if one can do savings for the long term. Also probably depends on ones benefit structure which determInes how important that is.

[–] [email protected] 1 points 1 year ago (1 children)

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

[–] [email protected] 1 points 1 year ago

How much do you think the median wage earner makes?