2 ms·
> regular purchases of broad market index funds remain a sensible way to build long-term wealth. But it's important to understand that even this strategy is fun
by beardyw 2y ago
> regular purchases of broad market index funds remain a sensible way to build long-term wealth. But it's important to understand that even this strategy is fundamentally speculative, betting that the overall market will continue to rise over time based on historical patterns.
Without a reasonable expectation of growth, the concept of investment in someone else's business would never have been conceived.
- meheleventyone 2y agoGambling exists though and from a raw numbers POV you have a net expectation of losing money doing it. I'd expect investment to be at least as irrational in some cases so I don't think a reasonable expectation of growth is necessary. See for example investment into the 'metaverse' and VR.