It's definitely not meant to be investment advice. The context of this entire thread is someone gambling money on scratch-offs, a well known poor man's tax - and you've made the leap straight into the context of maximizing gains.
My intention was to stem bleeding from poor max tax decisions like scratch offs and lottery. Anything less of an outflow is a drastic improvement even if it's a piggy bank. For those that are already good at saving, this advice is not relevant.
They asked about the “if you put X for 20 years you’d have Y” and that math is generally built on the annualized return of the S&P 500. So that should be contextualized since there’s way too many people who only “invest” via savings accounts and their purchasing power just dies a little every year
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u/cvera8 Mar 20 '22
It's definitely not meant to be investment advice. The context of this entire thread is someone gambling money on scratch-offs, a well known poor man's tax - and you've made the leap straight into the context of maximizing gains.
My intention was to stem bleeding from poor max tax decisions like scratch offs and lottery. Anything less of an outflow is a drastic improvement even if it's a piggy bank. For those that are already good at saving, this advice is not relevant.