And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.

  • BombOmOm@lemmy.worldEnglish
    39·
    4 days ago

    If you got that 30% haircut just before you needed to sell

    Yep. They key part is to invest for 20, 30, 40 years, where those consistent 10-20% gains compound and vastly outweigh the occasional 30% losses. Even if you had invested at the worst time in 2007, you are currently up 285%.

      • Bassman1805@lemmy.world
        32·
        4 days ago

        “The worst time in 2007” would’ve been the peak before the bottom fell out in 2008.

        The bottom is the second best time to invest, after “every 2 weeks when I get my paycheck, regardless of the noise in finance media”