• BombOmOm
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    8 months ago

    if it’s all tied up in stonks you’re still just one 2008 from “Oops, lost it all!”

    There is a reason I mentioned index funds, they don’t just ‘oops’ away as they are highly diversified. For example, the most commonly cited index is the S&P 500, which is up over 250% since 2007. The 2008 crisis didn’t just oops everything. Investing for retirement is all about the long term trends, and those trends are very in your favor if you are holding index funds over the long haul.