Are index funds a meme?
Are index funds a meme?
Nicholas Lopez
Jose Baker
Nah. Just get out when the next crash happens.
But even without that you just need to hodl and you'll be fine eventually.
Justin Peterson
Nope, 7% average returns, so long as you keep investing and compounding you can reach big money suprisingly quickly.
Oliver Jones
Nope.
I invested $350k in some managed funds in March and am up rn 10%
Feels awsome.
Jayden Thompson
I'm kinda worried about going in now, feels like we're at the top of the stock market cycle now and it's going to go to shit within 12-18 months
Nicholas Moore
start dolla- cost averaging in then. It's impossible to predict the market
Gabriel Young
Or pick the right funds. There are plenty of funds you can hedge in.
Charles Lopez
Nope, here's the results if you can just put away $1000 a month for the next 30 years with an average rate of 7% return.
Compound interest is magic. Say you start in your early 20's... you could be set by the time you're 50. Jack up your savings rate even more and you'd be done much faster, too. Sadly most people in our society fall for the consumer debt jew.
Charles Nguyen
>Compound interest is magic. Say you start in your early 20's... you could be set by the time you're 50
>tfw 21, can't save £1k a month but just put a £2k lump sum in to Vanguard LS100
Better than nothing I guess, but I'm worried about the UK weighting in LS100 as I think Brexit will fuck thing up.
>Sadly most people in our society fall for the consumer debt jew.
Just got my first card so I can (((improve my credit score))). Shouldn't be a problem as I'm going to pay it off in full every month.
Adrian Ross
With a massive stock market crash on the horizon, knowing my luck, I will get cucked when things start looking up.
[[[They]]] are willing to burn it all down to spite Trump. It's a disgrace.