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The only way to win in financial markets is to NEVER PLAY! I was 100% out after 2008 (I saw it coming; I saw the Dot Com crash coming - I finally realized the
by xyzzy21 5y ago
The only way to win in financial markets is to NEVER PLAY!
I was 100% out after 2008 (I saw it coming; I saw the Dot Com crash coming - I finally realized the entire system is utterly corrupt and only "the house" wins - you are NOT the house.
- javagram 5y agoThis means you would lose money to inflation every year. Simply invest in a total market fund and you get the average returns of the market. Even investing in 1999 or 2007 in a total market fund would put you ahead of a savings account by now.
- ModernMech 5y agoHere is what I learned after 2008: yes the market goes down, but the powers that be will do everything they can to make those numbers go back up again. They will spend any amount of money to make that happen, and it will be their first priority in the face of any disaster. 2020 confirmed that a thousand fold.