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I’ve just turned 40. What advice would you older lemmy users give me? (lemmy.world)

submitted 9 months ago by Prismo@lemmy.world to c/asklemmy@lemmy.world

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[-] lemmefixdat4u@lemmy.world 6 points 9 months ago

When putting away money for retirement, consider inflation-resistant investments. The past 3 years really fucked some of my friends who didn't heed that advice.

[-] doingthestuff@lemmy.world 12 points 9 months ago

As a 50yo, what vare you talking about? I'm just trying to pay for food.

[-] PrincessLeiasCat@sh.itjust.works 7 points 9 months ago

I’ve never even heard of those. Is that what they’re called or do you have to know specifically what to look for? Is it its own “category” I guess?

[-] Habahnow@sh.itjust.works 6 points 9 months ago

I believe they're talking about investments that share that chsracteristic. Generally Bonds and CDs would probably not be examples of good inflation resistant investments. in general, I believe index funds and I bonds are more resilient to inflation. Better still is maintaining diverse investment types. I'm open to corrections

this post was submitted on 07 Feb 2024

272 points (95.9% liked)

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