42
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Mar 2024
42 points (85.0% liked)
News
23311 readers
2278 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
I know that on-average, those things tend to appreciate, but also yes, if it's all tied up in stonks you're still just one 2008 from "Oops, lost it all!"
Why is gambling the only way to secure a decent future? I even made a decent chunk of money during the last crypto peak when it was fun new tech and just before it seemed so supremely evil, but I cashed out and ran never to look back. The stress is insane, the concept is insane. I wouldn't do it again. I got lucky and that's it.
Meanwhile my family made all kinds of good retirement investments and practically lost it all when we had to let the house go back to the bank when 2008 hit.
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.
That's now how it works over decades. Coca Cola Company didn't magically lose a shitload of value in 2008, even if their stock was down. Sit tight and don't even look at your funds. IGNORE THEM.
If anything, 2008 was a great time to pour it on with investments. Let the gamblers and stock market fiends try to chisel a few bucks. Sit. Tight.