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3min chapter
One economist's take on popular advice for saving, borrowing, and spending
Planet Money
Don't Buy More House Than You Can Afford Without a Buffer
There's a debate going on in traditional economics as to whether this is a mistake or not. The popular belief is that the stock market is kind of guaranteed to go up. But if you just hold on to it for long enough, now this is just not true. In Japan, the Nikkei still has not recovered to the level where it was in 1989. So there are risks to investing in the stock market that are very real.
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