It has an extremely volatile profile. You might as well stick your money in the SP 500 and call it is a currency.

Except the S&P 500 will give you a return. The stock market is not gambling, much as some people want it to be.

It does go down by double-digit percentages from time to time though, which is really inconvenient if you want to, say, buy a house today or tomorrow.

There's a reason people still use USD, EUR etc. and not fractional ETFs to pay and get paid.

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psunavy03 2 days ago | parent [-]

And when it goes down the answer is to buy the dip. If you have funds needed for other things, they should be in lower-risk investments. As people get older, they should be moving large amounts of equities into bonds to lock in their gains.

There is a reason people still have things like checking and savings accounts and CDs.

	▲	lxgr 2 days ago \| parent [-]
		> If you have funds needed for other things, they should be in lower-risk investments. That’s exactly my point.