“Frugality” is a whole ball of wax and pubes that I don’t care to delve into.
Index stock & bond funds are almost entirely what I do, in a set-it-and-forget-it way. I haven’t been a follower of Bogleheads, but from what I glean, I’m working from the same kind of thinking as they. My starting point was The Investment Answer. I find personal investing to be incredibly, painfully boring, and this least-effort path has that going for it as well. I resent having to do it at all. I shouldn’t need to and probably wouldn‘t need to in a socialist state.
This means I’m invested in every sort of awful thing, because I’m invested in everything. Understandably that’s a bridge too far for some. This is the secondary market—sort-of tertiary by way of them being index funds. I had nothing to do with the original investments that happened forever ago, and I have no real effect now.
One advantage to this strategy I find is that I don’t think about my capital; I don’t check in on how it’s doing, and I don’t pay attention to “the market,” at least not from the perspective of my own capital. As a point of contrast, I used to own some rental property, which I can’t imagine ever doing again, because 1) fuck that, and 2) it’s hard for that not to color one’s perspective.
Does it sound snobby?
🤷 Depends on who you ask I guess? When I think of snobbery, I think of Grey Poupon.
Would this come out as being a class traitor?
On its own I myself wouldn’t assume so.
