this post was submitted on 13 Oct 2024
164 points (94.6% liked)
Asklemmy
43942 readers
482 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Agreed, no investment can be guaranteed. However, average return of s&p 500 over 100 years has been 10%. Average return of an example index-fund, VTI, since inception in 2001 has been around 8%.
I'm of the opinion that the stock market is overvalued right now, mainly pumped up by tech stocks which are overvalued due to AI hype. I can't help but think eventually all the baby boomers are going to want to cash out and enjoy their invested money while they're still alive.
But on another note, do you expect the stock market to perpetually trend up? I suppose inflation helps keep stock prices up because the dollar is worth less than before.
The reality is, you'll never be able to time it perfectly. Contributing over time, rather than lump-sum, will spread the risk.
If something does happen to the stock market, we'll all be fucked. Pretty much every country, company, and individual is invested in some shape or form. Pensions, insurance etc.
I don't think that's true. Even though all the things you mentioned should be diversified, if something terrible effects the markets then there will be bail outs, rate cuts, and/or money printing. What I had in mind though, is that infinite growth is impossible in our finite universe. And there's no bail out for our planet, yet no one cares that we're all fucked if it becomes uninhabitable
I agree with you, it's fucked. It's also the reality we live in for now, unfortunately, until something changes, and I don't see any change coming soon. We're probably more likely to see our first trillionaire before that, unfortunately.