Darrell, Members like Dozu888 go on spouting this over and over again, you might want to read the link/article below for a reality check. https://seekingalpha.com/article/4264827-strike-three-next-bear-market-ends-game
Hello They, I have been investing in S&P 500 index since I graduate college faithfully, without blinking my eyes or lifting a finger or sweating or thinking and the results have been the easiest money I ever made in my life. I DON'T Give 2 rat ass rubbed together in China what Dozu888 talking about or anyone else who talks about investing in the S&P 500 index. Especially not the pony and clown show at the seeking alpha. I don't care about that bear market stuff. Just a bunch a hog wash. I don't even read that stuff. I am long and strong the stock market until I see a million dollars in my account. Below is the best back test I ever seen in my life. Thank you Mr. Stock Market. I will continue dancing with the woman I came to the party with. Long and Strong S&P index. Ohh, and I get dividends payment 4 times a year too. All this money while not even reading any silly ass bear articles crap, no thinking, no work, no nothing. Just easy money. In addition, who cares if a bear market comes. What if a monkey market comes? Or a cow market comes? Just buy the market and get it over with til you get a million dollars. Save the day trading for the hard work. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2006&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&endDate=05/18/2019&initialAmount=1000&annualOperation=1&annualAdjustment=500&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&benchmark=VFINX&symbol1=VFINX&allocation1_1=100&total1=100&total2=0&total3=0
Good for you man. I tell my kids it doesn't (really) matter how much money you make as long as you save and invest it from day 1.
https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults this link is all your kids and my kids NEED. Start from the year you graduated high school and pretend you invested $500 to $1000 per month in Vanguard 500 Index Fund Investor. Just do it. The math does not lie AT ALLL. I wish I did this when I graduate high school and more agressively and consistent after college. That link is all you need man. EVERYTHING Else is BULLSHIT BULLSHIT BULLSHIT BULLSHIT BULLSHIT BULLSHIT when it comes to long term wealth investing the simple way. Even if you day trade for living, you still need to be investing in the index for the long term. Yes, I love day trading, but I increase my contributions to the S&P 500 index by 2-3% per year regardless of anything.
Strange part about growing wealth is that the earliest contributions matter so much more than middle and latter ones. You get to the point where any current amount of effort or saving via conventional income is easily overwhelmed by extending timeframe before you start drawing from investments just a little further. Beginning stage is pretty exciting but before you know it... just turns into a waiting game. We can keep busy trying to squeeze more yield out of capital or being entrepreneurial but even those things won’t ever have the same bang for buck that getting your first sizable block of capital amassed and invested.
I know a guy with a $1.2 million in his retirement accounts. All in S&P 500 index. From December to January to Febuary 2019, he told me he made about $180K in his account. With out even lifting a finger or thinking or reading a forum or nothing. It does not get any much easier than that. Man, I want that feeling. lol hahahah
Also, it does kind of suck that this is the best way. The only reason I do stuff with trading is because I want to beat the market lol