If we had lots of time, then it’s easy. Just buy total market index funds and sit and wait. This is why vampires are usually rich. If you’ve lived that long, and you’re not rich, you’re doing something wrong.

$2 at 7% a year for 50 years = $58.91

$2 at 7% a year, for 500 years = $1,505,863.24

The power of compound interest!

Yes they are, I’m up 30% over the past 3 years. Just buying and holding index funds. If you chase big gains, you’ll get them sometimes, but you’ll also get big losses that just cancel them out. Slow and steady wins the race.

If people are destitute after a 5% drop, they really need to reconsider their investment strategy. Index funds are the only viable way.

You can ask ChatGPT to provide sources you know.