Yes lots of people want to speculate and get rich quick and think they can outsmart the market etc. I’ve screwed up and done those same things but learned from my mistakes.
If one can invest 10-20% of their paycheck while working in diversified index funds and leave it alone for 30 years or more they will be fine.
“If one can invest 10-20% of their paycheck while working in diversified index funds and leave it alone for 30 years or more they will be fine.”
Let us take a closer look at that statement.
Here is what is true:
If folks invested 10-20% of their paycheck while working in diversified index funds and left it alone for 30 years or more they would have been fine any time in the last one hundred years.
Here is what is not true:
We know the future.