I was reading this great Dollars and Data article. A lot of investing advice seems to be a combination of survivorship bias and luck and is only really useful if you have disposable income. Hence it's no surprise that 84% of equities are owned by 10% of the population. Having a high income requires minimal sacrifice to save and invest, I guess why it's so angering when I read articles advising broke people to "skip their advocate toast and latte" to put that 20$ in a total market index fund or ETF.
Submitted August 14, 2021 at 01:55AM by correct_the_econ https://ift.tt/3fXQ2x1
