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They all say the same stuff essentially: avoid fast money hype & invest in slow, steady, low-risk vehicles.
by scrapcode 2y ago
They all say the same stuff essentially: avoid fast money hype & invest in slow, steady, low-risk vehicles.
- mewpmewp2 2y agoSo then you would have been missing out on the tech? And invest in bonds?
- yourusername 2y agoTech is 30-40% of the S&P 500 so just investing in a index fund you would have exposure.
- mewpmewp2 2y agoYeah, but stocks is high risk.
- orev 2y agoA single stock is high risk, an index fund is very diversified, and while it does fluctuate with the market, overall the risk is very low on a long timeline.
- mewpmewp2 2y agoI guess my point is that all of it's very relative, depends on your age, your circumstances, goals, geographical location and many other things. My random advice: Always try to increase income instead of reducing costs, as increasing income has infinite potential while reducing costs has very limited.
- lotsoweiners 2y agoYeah that’s a great longer term strategy but cancelling Netflix and having dinner at home instead of Chili’s are actionable things you can do today that will put more money in your pocket.
- eptcyka 2y agoIt is far more feasible to learn to save than it is to earn more than 150’000$ a year for most people. Hell, in Europe, you are way above 90%, of you approach 100’000$.
- scrapcode 2y agoIndex funds seem to be the consensus in books like that, which would include tech stocks I'd imagine.