“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.

  • Deceptichum@sh.itjust.works
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    8 months ago

    Every time ive tried investing, i had to take it out after a few months to pay for something thats popped up in life after other things have raided my savings.

    Investing is for people with a lot of excess cash.

    • phoneymouse@lemmy.world
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      8 months ago

      Precisely, which is why I don’t think my comment is directed at you. If you’re always trying to get ahead of the latest unexpected big expense, you’re not a “HENRY.”

    • UnfortunateDoorHinge@aussie.zone
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      8 months ago

      I don’t know your situation, but investing is riskier than a savings account, that currently yeilds a high interest rate.

      If you need an emergency fund, make one in a high yield savings account first. My rough number is $10,000. “You’re missing out on the gains” is an incredibly shortsighted view people have in the stock market. “Gains” are made over 20 year periods.