GrammarPolice@lemmy.world to memes@lemmy.world · 1 day agoGuess I'm sleeping on the couch againlemmy.worldimagemessage-square128fedilinkarrow-up1877arrow-down113
arrow-up1864arrow-down1imageGuess I'm sleeping on the couch againlemmy.worldGrammarPolice@lemmy.world to memes@lemmy.world · 1 day agomessage-square128fedilink
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up113arrow-down1·1 day agoPeople in 2020: “I’m buying at the bottom of a market, I hope I get 30% yoy returns for the next five years” People in 2025, last week: “Omg, it happened! I’ve more than doubled my money in less than five years!!! Crazy!!!” People yesterday, after a 5% market correction: “I’m destitute”
minus-squareSpicyLengthiness@lemmy.calinkfedilinkarrow-up1·6 hours agoIf people are destitute after a 5% drop, they really need to reconsider their investment strategy. Index funds are the only viable way.
minus-squareGrammarPolice@lemmy.worldOPlinkfedilinkarrow-up1arrow-down1·4 hours agoNot if you’re going for those big gains they aren’t 💪
minus-squareSpicyLengthiness@lemmy.calinkfedilinkarrow-up2·3 hours agoYes they are, I’m up 30% over the past 3 years. Just buying and holding index funds. If you chase big gains, you’ll get them sometimes, but you’ll also get big losses that just cancel them out. Slow and steady wins the race.
People in 2020: “I’m buying at the bottom of a market, I hope I get 30% yoy returns for the next five years”
People in 2025, last week: “Omg, it happened! I’ve more than doubled my money in less than five years!!! Crazy!!!”
People yesterday, after a 5% market correction: “I’m destitute”
If people are destitute after a 5% drop, they really need to reconsider their investment strategy. Index funds are the only viable way.
Not if you’re going for those big gains they aren’t 💪
Yes they are, I’m up 30% over the past 3 years. Just buying and holding index funds. If you chase big gains, you’ll get them sometimes, but you’ll also get big losses that just cancel them out. Slow and steady wins the race.
Leverage is a hell of a drug.