• Churnthrow123 [none/use name]
    ·
    4 years ago

    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.

    • zifnab25 [he/him, any]
      ·
      4 years ago

      A couple million dollars in an S&P500 index fund is about as safe as it gets.

      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.