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Doesn't this suggest putting your money under a mattress in your paid-off home and buying a shotgun? OTOH, the Vanguard Wellesley Fund (VWIAX) has a pretty good track record.

No, because as unpredictable as the world is, inflation is almost always a given.

Just saying it doesn't hurt to have basic needs put ahead of unpredictable investments. My house is also paid for, but I've also got a lot invested, in a diversified manner, of course. Stocks for if the market does well, rental property if it doesn't, cash for emergencies - a year's worth.

Trust in God (or the market) but row AWAY from the rocks.

And always diversify.

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