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is her point that none of our opinions matter unless we turned a small amount of money into a lottery win in the stock market?
More salient is the complementary point: if you already have a comparatively large amount of money, you're not going appreciably increase it by further contributions derived from your salary. Like it or not, you've become a professional investor. Henceforth, we really have four choices:
1. Ride the market, and hope that the market does well.
2. Trade, jump in and out, hunt for 10-baggers,...
3. Follow a newsletter (or get a financial advisor).
4. Find a viable alternative to the stock market.
Accordingly, I pose this challenge: suppose that Joe City-Data-Member has $1M today. He neither adds to it, nor subtracts. How much will Joe have in the year 2070?
More salient is the complementary point: if you already have a comparatively large amount of money, you're not going appreciably increase it by further contributions derived from your salary. Like it or not, you've become a professional investor. Henceforth, we really have four choices:
1. Ride the market, and hope that the market does well.
2. Trade, jump in and out, hunt for 10-baggers,...
3. Follow a newsletter (or get a financial advisor).
4. Find a viable alternative to the stock market.
Accordingly, I pose this challenge: suppose that Joe City-Data-Member has $1M today. He neither adds to it, nor subtracts. How much will Joe have in the year 2070?
More salient is the complementary point: if you already have a comparatively large amount of money, you're not going appreciably increase it by further contributions derived from your salary. Like it or not, you've become a professional investor. Henceforth, we really have four choices:
1. Ride the market, and hope that the market does well.
2. Trade, jump in and out, hunt for 10-baggers,...
3. Follow a newsletter (or get a financial advisor).
4. Find a viable alternative to the stock market.
Accordingly, I pose this challenge: suppose that Joe City-Data-Member has $1M today. He neither adds to it, nor subtracts. How much will Joe have in the year 2070?
i think that the most salient issue here is what type of person uses the term "bagger" when referring to stock gains?
More salient is the complementary point: if you already have a comparatively large amount of money, you're not going appreciably increase it by further contributions derived from your salary. Like it or not, you've become a professional investor. Henceforth, we really have four choices:
1. Ride the market, and hope that the market does well.
2. Trade, jump in and out, hunt for 10-baggers,...
3. Follow a newsletter (or get a financial advisor).
4. Find a viable alternative to the stock market.
Accordingly, I pose this challenge: suppose that Joe City-Data-Member has $1M today. He neither adds to it, nor subtracts. How much will Joe have in the year 2070?
But many here, including myself, will not be here in 2070. What matters to me is 2025-2050, give or take a decade. The other question is how many people will set and forget indefinitely? I’m finding that last part incredibly difficult to adhere to.
But many here, including myself, will not be here in 2070. What matters to me is 2025-2050, give or take a decade. The other question is how many people will set and forget indefinitely? I’m finding that last part incredibly difficult to adhere to.
Almost assuredly, I won't be here in 2070 either. But that's not the point. The point is to think truly long-term, beyond a single human lifespan. The heroes of tales about long-term investment, who, started out with a tidy sum already in 1970, and who can report spectacular cumulative gains, probably weren't young in 1970... and probably weren't investing for funding cruises, cabins or nursing-homes.
You're quite right, about the difficulty of "staying the course". Forums such as this one, ought to serve as a mutual psychological reinforcement society. Unfortunately the reality is often the reverse.
it is approaching serious money for those with a relatively high equity position and a meaningful amount invested . percentages don't tell the whole story .... a 25k to 50k move is a lot of freakin dough for many investors with substantial amounts invested even though percentage wise it is not a lot ...
Last edited by mathjak107; 02-24-2020 at 03:45 AM..
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