Originally Posted by
TegridyFarms
Food for thought: https://www.cnbc.com/2018/05/07/warren-buffett-10000-invested-in-an-index-fund-when-i-bought-my-first-stock-in-1942-would-be-worth-51-million-today.html
This guy can’t beat the S&P. He’s the GOAT of investing.
Jim Cramer who is a prophet to some, and a fraud to others, he can’t beat the S&P.
Investing in the S&P is investing in America. Is it 100% of my portfolio? No. It’s 100% of my 401k though. Outside of that I have had some incredible luck since the market crash of 2008. You guys can compare percentages and strategies all day, bottom line is S&P with DRIP (dividend reinvestment program) is tough to beat over time.
Interesting side note is that the S&P is basically turning into a tech fund now. Will be interesting to see what happens over time... but I wouldn’t bet against American companies.
Problem is... that doesn't sell systems, or software, or memberships, or subscriptions or clicks or books. Sure, you can make great money without thinking or regularly tracking the market, but where's the fun in that?
I have always been perplexed by the stock-picking sections of personal investing magazines that went to print weeks or months before I'm reading them. Having read the diversification advice in the preceding articles of that same magazine, I'm certainly not going pick individual stocks with any significant portion of my savings and if I were, it wouldn't be based on advice in an old school magazine.
To each their own, I guess.