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Yeah seriously, don't look at the numbers for a few years. I'm not knowledgeable at all about investing, which is why my savings are in Vanguard index funds to
by markbnj 6y ago
Yeah seriously, don't look at the numbers for a few years. I'm not knowledgeable at all about investing, which is why my savings are in Vanguard index funds to begin with. I have two that are up nearly 70% over the last 10 years or so. If you buy and hold these things you're investing in the long term functioning and health of the economy, which has proven over the last few centuries to be a decent bet. If civilizational collapse messes with your returns the state of your index funds will be the least of your worries.
- taylodl 6y agoThat's how I look at it. If societal collapse or the complete and utter ruination of our economy wrecks my portfolio then my wrecked portfolio is the least of my problems! I've been investing since 1987 so I've been through a few market crashes. What I can tell you is that whole time value of money thing is really powerful. I look at my portfolio once per year to see how things are going and what my retirement outlook is looking like.