Comment on If investing in the S&P 500 is such a surefire way to make money, then why isn't everyone doing it?
rational_lib@lemmy.world 1 month ago
In my experience:
- A lot of people do this with 401ks and such because many times there aren’t many other options.
- People I know who are serious investors with a lot of money tend to not invest much in the S&P 500 because they think of themselves as superior investors, but I don’t know of anyone for whom this is actually true based on past performance.
- I invest some 20% of my money in the S&P 500, which is probably not as much as I should. It’s some combination of the above hubris, which is natural, wanting to be diversified, and enjoying gambling on individual stocks.
Goodie@lemmy.world 1 month ago
This is my approach.
I have hubris. But also some self-awareness.
20-50% into broad market indexes. 50-70% into messing around and generic picks.
Of my own picks, only a few have outperformed the s&p50p. Some are… not good. If I happen to find another nvidia I’ll be very happy. If I don’t, I’ll be able to retire at a not unreasonable age.