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
    34·
    18 hours 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
        27·
        16 hours 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”