Comment on If investing in the S&P 500 is such a surefire way to make money, then why isn't everyone doing it?
BombOmOm@lemmy.world 11 months agoIf 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%.
ComradeMiao@lemmy.dbzer0.com 11 months ago
Even if you had invested at the worst time? That is precisely the best time to invest!
Bassman1805@lemmy.world 11 months 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”
Modern_medicine_isnt@lemmy.world 11 months ago
That worst was just before it fell (2008), not when it was already low.
GBU_28@lemm.ee 11 months ago
Oh shit we got a buyhiguy here