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> There is nothing wrong with buying low-cost index funds and holding them long-term. That's how you build wealth. Given how prevalent this advice is these day
by substation13 4y ago
> There is nothing wrong with buying low-cost index funds and holding them long-term. That's how you build wealth.
Given how prevalent this advice is these days, the indexes are arguably over-priced.
- mywittyname 4y agoAgreed. But elder millennials will probably be the "boomers" of the index fund trend and will be selling them for retirement before the bubble pops.
- ausbah 4y agoso what's the alternative? invest in mutual funds that don't beat the market and take a hefty % of your compounding returns due to management fees? crypto? getting a house like the prior generations?
- mrguyorama 4y agoWell we let the previous generations murder any possible way of building yourself a better future for like 4 decades, what did we expect? Turns out optimizing for grandma's continued wealth increase is harmful to basically everyone else. You want something to protect you in the future? Vote.
- SSJPython 4y agoThat doesn't necessarily mean people follow this advice. It requires patience and discipline to do this.
- WontGetFooled 4y agoA lot of people, like Michael Burry (1), think that we are headed for an index fund crash and they are way oversold. 1. https://www.youtube.com/watch?v=XLGTSzm9iko https://www.youtube.com/watch?v=XLGTSzm9iko