Challenging Your Confirmation Bias, with Economist Larry Kotlikoff
Afford Anything
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Wouldn't You Be Better Off Investing in the Stock Market?
Paula, let's suppose you have a 200 thousand dollar mortgage. You would be better off putting that money into lhet's, some type of a broad market fund and holding it long term. But as a 37 year old, i would never have 200000 dollars in the long term treasury. The stock market is a very risky thing,. It's not reverting to the mean in any significant manner in terms of the statistical analysis. If they were really such a safe deal, nobody would be buying 30 year treasuries ad two and a quarter % return or two % return. So i think that's highly risky.
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