Re: Cycling editorial

On Fri, 7 Jun 2024 12:43:03 +0200, Rolf Mantel <news@hartig-mantel.de>
wrote:

Am 06.06.2024 um 22:41 schrieb Zen Cycle:

On 6/6/2024 1:03 PM, Jeff Liebermann wrote:

>

Thanks for the details.  I don't want to tell my tale of stock market
woe.  I lost badly in the "black Monday" crash in 1987 and repeated
the mistake (to a lesser degree) with the dot-com bubble in 2000.  I
did well in the 1990's but stayed in the market too long.  Since then,
I've been risk averse and have avoided any investments in the stock
market.  Avoiding the stock market may soon turn into another mistake
as my savings are rapidly being eroded by inflation.  It's not a
pretty picture, but at least I have no debt and I have enough cash to
survive.

 
It's a guessing game for the vast majority of casual investors. In some
cases little better than a casino.

>
The best "casual" investment tip definitely was around by 1995 (website
"the motley fool"):
Buy individual shares only for gambling.  Invest into index funds
following a very broad index (e.g. S&P 500 or MSCI world index) and hold
for a minimum of 20 years.
>
This way, the crashes in 1987, 2001 and 2008 would have been relatively
unimportant.
>
Rolf "followed through after the 2008 crash once ETF existed"

Some advice I've received was:
"It's ok to risk your surplus cash and profits from previous
investments.  It's not ok to invest the interest bearing principal."
Such conservative advice hasn't made me any money, but has saved me
from investing everything and ending up with nothing, which is what
I've seen happen a few times.


--
Jeff Liebermann                 jeffl@cruzio.com
PO Box 272      http://www.LearnByDestroying.com
Ben Lomond CA 95005-0272
Skype: JeffLiebermann      AE6KS    831-336-2558