idestroyedthetoilet
Well-Known Member
Thriller confused bank account with brokerage account. The actual argument is that if Trump had simply put the millions he received from his father into S&P 500 funds he could have ended up with twice his current wealth. The argument stems from Warren Buffett’s famous advice for low information investors, i.e., that they regularly invest what they can save into a good S&P ETF then, over the decades, watch their wealth accumulate through the miracle of compounded earnings and the unrelenting power of a corporate biased economy.
That claim is unfounded. Why do people repeat it as if it's gospel truth? Not as bad as birth certificate, but...