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So then you would have been missing out on the tech? And invest in bonds?
by mewpmewp2 2y ago
So then you would have been missing out on the tech? And invest in bonds?
- yourusername 2y agoTech is 30-40% of the S&P 500 so just investing in a index fund you would have exposure.
- mewpmewp2 2y agoYeah, but stocks is high risk.
- orev 2y agoA single stock is high risk, an index fund is very diversified, and while it does fluctuate with the market, overall the risk is very low on a long timeline.
- mewpmewp2 2y agoI guess my point is that all of it's very relative, depends on your age, your circumstances, goals, geographical location and many other things. My random advice: Always try to increase income instead of reducing costs, as increasing income has infinite potential while reducing costs has very limited.
- lotsoweiners 2y agoYeah that’s a great longer term strategy but cancelling Netflix and having dinner at home instead of Chili’s are actionable things you can do today that will put more money in your pocket.
- eptcyka 2y agoIt is far more feasible to learn to save than it is to earn more than 150’000$ a year for most people. Hell, in Europe, you are way above 90%, of you approach 100’000$.
- scrapcode 2y agoIndex funds seem to be the consensus in books like that, which would include tech stocks I'd imagine.