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Why Saving If The World Is Ending? (The Guardian)www.theguardian.com/money/2024/nov/05/why-should-i-bother-paying-into-a-pension-if-were-all-doomed
253 sats \ 7 comments \ @denlillaapan 6 Nov news
It isn't, you're just an idiot.
If the end of the world is really nigh, should I be investing in shorter-term savings schemes rather than a pension? I currently contribute 20% of my £117,000 salary to my pension and my employer pays 5%. I’m 44 and worry about imminent world wars over dwindling resources. I find it hard to believe a peaceful 20-year retirement beckons. Is there a way to invest in things I could access quickly if the poop really does hit the fan?
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15 sats \ 0 replies \ @cristaiji 6 Nov
The people who read the Guardian in the UK are not the brightest. 😂
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21 sats \ 2 replies \ @02a9a61fdc 6 Nov
Should have trusted your one sentence summary instead of wasting two minutes to read that crap
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0 sats \ 0 replies \ @xz 6 Nov
I'm trusting your summary of the summary. guardian is awful.
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0 sats \ 0 replies \ @denlillaapan OP 6 Nov
yup. Sorry I tricked you! Wasn't intentional
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0 sats \ 2 replies \ @alt 6 Nov
Two options:
  1. The world has a significant chance of ending within your lifetime.
  2. The world is unlikely to end in your lifetime.
If option 1) is true then it doesn't matter what you invest in. Even shorter-term savings plans are pointless because you'll only be spending them on frivolities. You may as well invest long-term on the off chance that you're wrong.
If option 2) is true then obviously invest long-term.
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10 sats \ 1 reply \ @denlillaapan OP 6 Nov
well, in the afterlife you could at least look back at the wonderful frivolities you enjoyed?
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0 sats \ 0 replies \ @alt 7 Nov
Many don't believe in an afterlife, so couldn't factor that into their decision. For those that do believe, then wouldn't the afterlife be so great that you wouldn't care about the frivolities you enjoyed in your mortal life?
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