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Comment on Stock market sinks as AI and interest rate worries grip investors

Indexes like the S&P 500 increase an average of 8% per year when held for decades. It isn’t ‘getting lucky’ and ‘hoping’, it’s investing in your future.

We’re propping up the oligarchs in the hopes that we fall into a “good” time to retire.

A rising tide lifts all boats; helping yourself helps others. You can choose to help yourself, or be defeatist and ignore the best, time-tested strategy there is: investing part of every paycheck into index funds.

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mycodesucks@lemmy.world ⁨4⁩ ⁨months⁩ ago
Every time-tested bit of good sense works until it doesn’t.

The best argument for index funds at this point aren’t their stability - it’s that they seem least likely to collapse in the burning cesspit of the modern world economy.

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givesomefucks@lemmy.world ⁨4⁩ ⁨months⁩ ago

Indexes like the S&P 500 increase an average of 8% per year when held for decades. It isn’t ‘getting lucky’ and ‘hoping’, it’s investing in your future.

Yeah…

But ask people who were planning to retire in 2009 how happy they are that the market rebounded decades later…

You can do everything right, but if there’s a crash in the decade you want to retire, you’re fucked.

Even more so if you retire and start withdrawing right before.

Over all, yeah, it averages out

But neither of us are average, were individuals, and sometimes individuals get fucked

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- RamRabbit@lemmy.world ⁨4⁩ ⁨months⁩ ago
  As you approach retirement, you transitioning your stocks into bonds as well as into cash in high yield savings accounts. You do this because those investments are less risky and you need stability, not growth at that point in your life. You do this to avoid exactly the issue you bring up.
  
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  - givesomefucks@lemmy.world ⁨4⁩ ⁨months⁩ ago
    Buddy…
    
    What do you not understand about “a financial crash can happen at the most inconvenient time”?
    
    If your plan is “just don’t get caught in a crash” then best if fucking luck bro. Because that’s what your entire future boils down to.
    
    But you clearly don’t want any logic in the way of your survivorship basis, best bet is to stomp your feet and insist what happened to millions before you can’t happen to you.
    
    Your smart, you’ll obviously see everything coming.
    
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