We just got back our security deposit for the apartment we’d lived in for the last six years. It had a couple of deductions for cleaning labor, a broken light fixture, and some damage I managed to do over the years to the kitchen nook floor. All fair, no surprises, and we got the bulk of the deposit back.

In fact, we got enough of the deposit back that, had we instead taken those several hundred dollars and put them into the S&P 500 when we moved in and sold when we moved out, we’d probably have done worse.

The “try not to ruin your apartment too badly” fund. Fiduciary innovation in action.