You don’t have to be an idiot to lose a fortune to, say, an Enron collapse or a Housing bubble pop.
Yes, you do actually. A couple million dollars in an S&P500 index fund is about as safe as it gets. The only way you go bust with that is if society collapses.
Yes, you do actually. A couple million dollars in an S&P500 index fund is about as safe as it gets. The only way you go bust with that is if society collapses.
Currently, the S&P500 is so heavily weighted towards a handful of tech stocks that it might as well be Apple And Amazon Holding Company, Inc.
Check out the P/E on Amazon right now. Tell me that's sustainable.
It's too big too fail.