| ▲ | sidewndr46 7 hours ago | ||||||||||||||||
This, 100x over. You invest 1 million USD in a house. The house loses 90% of it's value. You still own the house. You can live in it, hopefully you get some benefit from the investment, even if it has no market value. You invest 1 million USD in the stock market. It loses 90% of it's value. You basically have nothing but a tax write off on future gains. | |||||||||||||||||
| ▲ | Esophagus4 6 hours ago | parent [-] | ||||||||||||||||
But at least with owning stocks, I can vote in a bunch of proxy things every so often… which will keep me busy so I don’t have to think about all the money I lost :) I guess the housing equivalent would be an HOA, but honestly I would rather lose 90% of my money than sit through an HOA meeting… | |||||||||||||||||
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