tibbitts wrote: ↑Thu Sep 03, 2020 7:50 pm
FireFool wrote: ↑Thu Sep 03, 2020 7:33 pm
tomtoms wrote: ↑Tue Sep 01, 2020 10:22 am
People here need to stop saying index is the only way to make money. The truth is indexing is one of the ways to make money.
It's been said that indexing is a way of PROTECTING wealth, while individual investments create wealth.
And the source of that?
The source is likely some rando that got lucky or is trying to sell an investment vessel.
Sure, if you invested in some of the trillion dollar companies we see today at their IPO, you'd be extremely wealthy compared to doing a straight S&P500 index. However, we know there are a few serious long-term winners.... and many losers.... hence why Jack did the whole index fund to capture a broad and portion of the market.
Also, I would not say my wealth has been preserved in index funds. It has definitely grown.
The nice thing about the S&P500 or TSM, short of a complete collapse of the economy/USA, there will always be a market for the S&P500 index fund. Tesla, Apple, Microsoft, Amazon Sears, Montgomery Ward, Enron..... we don't know where any of these companies will be ten, twenty, thirty, etc. years from now.