And the same goes for the parent who likely would rather spend that $117 on a portion of a vacation instead setting up an investment account for their child.
Warren Buffett explains how you could've turned $114 into $400,000 with a simple long-term investmen
- Thread starter trader99
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And the same goes for the parent who likely would rather spend that $117 on a portion of a vacation instead setting up an investment account for their child.
You really should have that pickle extracted.
What would the hamster eat?
And each year they piss away isn’t on the front where their net worth is small: it’s on the back when the dollar difference is huge.
The difference between 30 and 31 years can literally be several turns on your net worth.
They have a point as trading beats passive investing, only caveat is the high failure rate.
Disagree. Time is a plus, but not an edge on the market.
If the failure rate is high, how does that beat passive investing? A very few can make consistent profits trading. The VAST majority are way better off dollar cost averaging into a blue chip index.
Yes, the returns get parabolic at the end, that's why it is so important to start early.
If you're a "half-decent" trader, you can STOMP Buffett's "buy and hold".
Unfortunately, becoming "only half-decent" at coping with the markets is difficult