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How rich/poor am I compared to people my age(27)?

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  #81 (permalink)  
Old 15-09-2021, 01:48 AM
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Ignore this guy pls.

1. Youíre so young, itís much easier for you to find a job even if you get retrenched (chances of you getting retrenched are, again, low since youíre young)

2. You have a higher risk appetite and a longer investment time horizon. Investing max of 30% in equities is stupid. No one is asking you to buy penny/spec stocks. Even if you invest in S&P, the historic 10, 20,30 year returns are high enough (you can ride out market corrections/shocks even if youíre lazy to do active management)
he will still loose his money because due to lack of financial knowledge, he will panic sell at the first sign of bear market

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  #82 (permalink)  
Old 15-09-2021, 11:59 PM
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boomer train of thoughts basically. buying into a world etf or even just the s&p 500 etf is not as volatile as you think it is. analyse the drawdown % and balance it with bond to the drawdown% that allow you to sleep well at night.
You might as well say buy crypto and become millionaire in 3-6 month....

Problem with the "go big or go home" mindset like you will eventually lose it all. We only hear about the sucess stories but ignore the countless others who lost a **** tonne of money.

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