Does anyone else feel like it's cheating?
Like it's too easy, too good to be true.
It takes 15-30 mins a year to invest, less if you automate the process.
Does anyone else feel like it's cheating?
Like it's too easy, too good to be true.
It takes 15-30 mins a year to invest, less if you automate the process.
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It feels like cheating when all you have in recent memory, and all you're thinking about is, "buy and the market goes up".
Where people fail is the "hold" part of "buy and hold".
>Welll, the market's looking a little overvalued
>Welll, I think it's good to sell before Trump starts a trade war
>Welll, this article on Zerohedge is making me antsy
>Welll, the market dropped 3% this past month
That's where people fuck up. Thinking they'll be "just a little smarter" and get 15% a year, but ending up with 0%.
Oh yeah and
bogleheads.org
The trick is to:
1) Invest all your money in index funds and not spend it on Gucci
2) Do that for 30-50 years.
3) Become rich due to compounding dividend reinvestment.
4) Die old and rich (million is rich stop pretending it isn't).
FUN!
A process that takes 30 min of your time a year it's probably not worth automating.
That being said, it's not about time, it's about not falling in the ...
bogleheads.org
I know you're memeing, but nobody will take that long to become financially independent unless they're sucking the dead and stiff dick of Steve Jobs each 18 months.
>bogleheads.org
Those are illogical, why would anyone fall into those?
Problem with indexing is its impossible to really make significant money with it. You'll just barely outpace inflation and dollar cost averaging through bear markets is the only way to really profit and that requires a steady income through a potential recession.
A retail investor would theoretically have better returns investing in small caps that institutional investors have limited opportunity to invest in.
Nice about indexes is they'll never be worthless short of a nuclear war or something.
>Where people fail is the "hold" part of "buy and hold".
Exactly. It broke my heart to watch what happened to my mutual funds in 2008. But, I held on and things are back to looking great again with those accounts. Patience is a virtue with this type of investing.
>Problem with indexing is its impossible to really make significant money with it.
Even if you reinvest?
What is the alternative then?