What is something you just learned, that you should have known for a while?

anonymous · 2Y

What is something you just learned, that you should have known for a while?

@Thorny_Thicket@sopuli.xyz · 2Y

Economics is one of those subjects where the more you undestand the less you feel like you do. I can barely wrap my mind around index funds and compounding interests.

@OfficeMonkey@lemmy.today · 2Y

On the plus side, they feel fictional because they’re completely made up.

NaibofTabr · 2Y

Just because something is abstract doesn’t mean that it is fictional. Money is made up and essentially an arbitrary placeholder for the general concept of value, but money isn’t a required part of an economic system. Economic interactions would occur whether or not a particular society has money (e.g. a pure barter system is still an economy).

Kalkaline · 2Y

Index funds are fairly easy, just look up the prospectus for the fund looking closely at long term performance-expense ratio and how it matches up with your risk tolerance. If you’re still lost just toss your retirement money in a target date fund while you do your research.