Re: Cycling editorial

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"