Index funds

Some user convinced me to put my entire savings into index funds (VOO). I've already lost money and I'm starting to get scared. Last time I listened to you guys I bought $10k of chainlink at $4....

Am I fucked, Jow Forums?

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>Investing in index funds
Were you born 1950-60?

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wtf bro you told me to do it retard

HAHAHA

you literally bought the top of the stock market. It's going to crash and you'll be left holding worthless boomer bags

>Last time I listened to you guys I bought $10k of chainlink at $4....
average linkfag right here

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Index funds are for pussies

real me buy stock in individual companies

kys

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you told me to do it you faggot why are you taking it back now

Jow Forums isn't a hivemind faggot. learn to thinm for yourself or you'll never make it

>I've already lost money
Holy shit dude... are you saying he didn't tell you to buy at the exact bottom? Oh wow, yeah that must be a con. Yeah, you're never gonna make in now, what a scumbag...

(don't be distracted by short term price action, always reinvest dividends, the stock market goes up over time, DO NOT LUMP BUY, DCA over time, buy more on a market pullback, less on a rally.)

>FOMOing in on a speculative cryptocurrency pump
kek were you born after 9/11?

not diversifying is a surefire way to get fucked, index funds let you catch the rallies you would miss out on otherwise, and offset the risk you get by investing too much in companies that have risks you have no way of seeing coming.

Brainlet here, havent these ETFs done nothing but gone up year after year?

yeah and they'll always go up no way things can ever go down. keep buying goy

Yes, but the market pulls back and gives you good opportunities to buy in. If you buy right before them it feels like you got robbed if you only think in the short term.

Look at the June 3rd bottom and imagine how you'd feel if you bought RIGHT before then. If you held, you'd have seen nice gains. Many probably sold at a loss right during that June 3rd bottom, and missed out on the bull run we've been having since then.

t. cryptobabby

Yes. OP is a larp i doubt he bought anything. But index funds are basically a bet that the economy will keep growing and going up, and obviously it would because otherwise everything would suck.

Sage

does this mean I'm OK and will make money long term with index funds even though I bought at top? Just bought last week I'm scared guys plz let me know

So the people that complain about them are short term investers looking for relatively fast returns?
It seems to me like the best logical thing to do would be to buy in ETFs (either wholesale or good dips), reinvest the dividends year over year, and just set aside a small amount of money/portion of savings for quick "fun" investment and/or crypto.
The way i see it, im trying to be rich young but if that doesnt work im at least going to be rich when im older.

you buy a bunch of shit companies when you get an index fund but it is USUALLY a good long term plan. there is a very high probability that the market tanks by the end of 2020 as well as potential market stagnation some time in the future (there have been a few times where the s&p 500 goes completely flat for 20 years at a time). that being said, i dont give a fuck if you decide to gamble all your money on pajeet crypto either

You don't trade it, you hold it and earn passive income from the dividends.

>It seems to me like the best logical thing to do would be to buy in ETFs (either wholesale or good dips), reinvest the dividends year over year

Yes. That's called compounding.

literally HODL and DRiP

Pretty much. The younger you are, the more you can afford to gamble on shit like crypto. I like some crypto as a buy and hodl (I don't know enough about crypto, but Robinhood lets me get some exposure to BTC and the very disappointing ETH.).

RH isn't great for dividends because it doesn't automatically reinvest like a real broker (DRiP).

Get a real stock broker, and start by funding an IRA. It's a retirement fund, so only use money you won't need until you retire, always make sure you have an emergency fund. Use that IRA to buy ETF's with a low expense ratio and a decent dividend yield, and set it to reinvest dividends. It'll go up as the market goes up, and when the market goes down, it'll be able to buy more when it reinvests dividends.

based.

So what is this talk of it being bad because market crashes happen? Like lets say another 2008 recession happens, unless the company you invested in (in this case, industry so a ton of different ones) goes under, like completely bankrupt, you still own all those shares. Didnt the market recover from that recession as bad as it was?
I dont understand