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NASDAQ was 1100 when this was written, which means if you'd done the (implied) opposite and instead bought, then even in the bottom of the coming crash, you wer
by asah 5y ago
NASDAQ was 1100 when this was written, which means if you'd done the (implied) opposite and instead bought, then even in the bottom of the coming crash, you were still up ~10%. And of course, if you'd held then you'd have pocketed 1000% in the pandemic.
- an_opabinia 5y agoIndex investing was not pervasive then like it was today.
- soperj 5y agohow does that work with the companies that were delisted?
- Centigonal 5y agoWhen you buy an index fund, your investment gets weighted across many companies. If some are delisted, the fund loses the money allocated to them, but not its whole portfolio. Then new companies are added to the index, and the fund's remaining assets get re-allocated to match the rules of the fund's underlying index.