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Well, now's the time to leave equities or go active. I've never heard of anyone getting rich by following the herd.
by cylinder 10y ago
Well, now's the time to leave equities or go active. I've never heard of anyone getting rich by following the herd.
- dsacco 10y agoIf your goal is to get rich, sure. But going with the herd isn't necessarily unsafe. The goal of "getting rich" is generally incongruous with passive investing either way. The risk/reward profile of active investing and index fund investing are completely different, so that will be more than a decision of upside you want to pursue.
- cylinder 10y agoIt remains to be seen how risky passive index investing is now that so much money is in it.
- zeroer 10y agoYou haven't talked to many people then. There are plenty of people who've built wealth via index funds.
- nommm-nommm 10y agoI've built my wealth significantly with index funds. "Get rich?" No, but that's not my goal because getting rich requires a ton more risk, usually leverage, and tons of work.