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> Someone explain to me why I'm an imbecile and why I should have been invested in Vanguard index funds Simple: you got lucky in a bull market. Let's revisit
by CarelessExpert 6y ago
> Someone explain to me why I'm an imbecile and why I should have been invested in Vanguard index funds
Simple: you got lucky in a bull market.
Let's revisit how you're doing in the next recession or after a couple bad bets.
If you want a deeper answer you'll have to do your own digging, as it's a big topic. But it's worth starting with the efficient markets hypothesis and reading some of the work of Jack Bogle.
- mancerayder 6y agoWhy would I have the same strategy during a bear market? How do index funds fare during a bear market? Might the 70 pct cash I have be used for non equity investments, like real estate? There's something strange about the framing of the passive index fund scenario. Over 20-30 years? I'm not interested in beating that benchmark if I'm interested in increasing my net wealth in the next few years. Downvote away, this is my experience and feeling on the topic, not financial advice to others.
- CarelessExpert 6y agoWell you can keep arguing based on your feelings. I'm arguing based on data. You can choose to ignore that data and try your luck. Just recognize your past performance will not guarantee future returns.
- mancerayder 6y agoTell that to the legions of Silicon Valley employees who get paid in publicly traded stock as part of their total comp. Those no good, gambling, risk-taking, market-timing risk takers, them! Didn't they read Bogle?