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> Sticking with index funds is very good advice: Believe what you like, I'm cool with that. I have many Wall Street friends who are aligned with your approach
by jjav 2mo ago
> Sticking with index funds is very good advice:
Believe what you like, I'm cool with that.
I have many Wall Street friends who are aligned with your approach, so you are in good company.
My returns over the last 30 years obliterate their returns, because turns out investing in high flying companies will have much better returns than an index fund. You do you.
- Kirby64 2mo ago> My returns over the last 30 years obliterate their returns, because turns out investing in high flying companies will have much better returns than an index fund. You do you. Only if you gamble correctly. And the '50-100x returns' you cite elsewhere are really hampered by a bunch of duds that lose money. Generic index fund would return ~1700% in 30 years. That basically means you have to pick right 16-33% of the time. That math just doesn't work out.