Dabbling is foolish.
Investing is an index fund provided by any one of several major financial houses is investing in America and over the long haul is risk free. Betting on America is a safe bet
Getting a part time job is not a waste. It keeps you sharp.
> Investing is an index fund provided by any one of several major financial houses is investing in America and over the long haul is risk free. <
That is excellent advice for any young person! But the key phrase there is “long haul”. What about a senior citizen who needs monthly income?
Banks now pay next to nothing. Bond rates are not much better. I guess you could consider annuities and reverse mortgages. But those things give me the willies.
And then there are dividend-paying stocks. But then you’re taking on market risk. Should a senior citizen be risking a good portion of his savings in the market? I just don’t know.
P.S. I’m really not asking for myself here. Just throwing out something for comment.
“Investing is an index fund provided by any one of several major financial houses is investing in America and over the long haul is risk free. Betting on America is a safe bet.”
Hi bert.
You might want to be cautious with the term ‘risk-free’, especially when it pertains to equities. But I agree - dollar cost average and over several years/decades the person should be fine.
And as one economist coined “in the long term we’re all dead.”