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Senile @Joe is going to invest his entire life's savings.
$50 and a stack of Richie Rich comic books.
...and yet. ..the stock market is NOT a Savings Account @The Prowler.
That's the major misconception many people have including onE of this forum's members, @Fashionista .
The market doesn't care how many years a person saved or slaved away at a job. It doesn't care how much they contributed to their RRSPS or 401k plans.
These days it can go poof in an instant like we've witnessed with the recent market mayhem. Worse yet are people who measure their self worth by their 401k plans.
If this market goes down hard like many think it will today's investors many not see their portfolios come back for another 10 years. I know people who lost a lot in the 2008 crash and that's how long it took them to break even with their losses.
It takes a long time to come back from epic crashes @The Prowler.
Here you go, Senile @Joe. Figure out where you stand.
www.how_much_are_my_richie_rich_comics_worth.com
I dunno @The Prowler.
Gotta check!
Maybe a crash will also make collectible comic books affordable again.
It was like $500 USD for a decent collectible marvel comic book. A crash like 2008 might bring down their values considerably.
My collection is worth over $20,000.
I could add a few more. I haven't bought any for several years because the prices were too high.
I actually own one of the rarest comic books in the world.
But thats the problem @The Prowler.
Everything had become way too expensive to afford. What good is a collection of anything if it's priced too high?
So what if your collector car is $1,000,000?
Suppose you wanna buy another collector car but due to inflation and speculation it's $2 million?
Same idea. You cant but that other car you've been salivating over cuz it's simply too high!
Get it? When prices are too high it makes everything less affordable.