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Do you make $5,000/day? (sh.itjust.works)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 6 days ago (1 children)

That's why it's smart to park money in high-interest assets (like index funds). Of course, you need to be in a position to save money.

[–] [email protected] 2 points 6 days ago (3 children)

And in a position to be able to lose it. High interest are high because they are risky, so they have to pay well to attract investing. If you already have enough money to burn, you can put money into various high risk areas and win overall. If you only have enough to sink it into a single source, you could gain. Or not.

[–] [email protected] 2 points 5 days ago

Index funds are pretty incredibly safe. Pick one of the big US indexes and look at the graph since before the global financial crisis

[–] [email protected] 2 points 6 days ago

If you already have enough money to burn, you can put money into various high risk areas and win overall.

That's the angel investor strategy.

There's also lower risk index funds, that simply invest in the biggest N companies.

[–] [email protected] 2 points 6 days ago

As long as you keep that money in index funds like MSCI World, S&P500 or DAX, you can wait out the bad times. Never sell, keep holding. Over decades this leads to large net profits.