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 5 weeks 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 5 weeks ago
Even if you had invested at the worst time? That is precisely the best time to invest!
Bassman1805@lemmy.world 5 weeks 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 5 weeks ago
That worst was just before it fell (2008), not when it was already low.
GBU_28@lemm.ee 5 weeks ago
Oh shit we got a buyhiguy here