Good advice. Ironically most long term folks that just buy low cost index funds and take a nap outperform most of the market stressing out daily on their next move. That’s the cruel reality of investing.

When you factor in the opportunity cost of all that stress and managing an active portfolio the percentage of successful active portfolio managers likely falls down to single digits.

Invest early, invest consistently and often in up or down markets, and the math says you will do very well.

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sph 2 hours ago | parent | next [-]

Though I keep wondering if the ‘invest consistently whether the market goes up or down’ defeats the point of a stock market in the first place.

People effectively keep throwing money at mediocre or failing endeavours, which magnifies any structural problem, and everything seems to keep going up whether it’s good news or bad news, until the bottom falls out.

My reading might be wrong, but since 2020 there is no bad news that seems to faze the market by an iota.

	▲	pfortuny 2 hours ago \| parent \| next [-]
		Well, that is what markets do: behave. Rationally or not. The 1929 panic was also irrational but it happened. There is no way to solve that. Panics happen and bubbles too, and in the meantime, very long term investments tend to grow (in average), as long as the economy works as expected (improving in average, long-term). Of course, catastrophes are not impossible (the Black Death, the French Revolution, World Wars...).
	▲	blitzar 2 hours ago \| parent \| prev [-]
		Always bet on black at the roulette table, over and over and over again.

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WJW 2 hours ago | parent | prev [-]

It's almost the inverse of a cruel reality? Just stick it all in low cost index funds and go to the beach. You'll do as good or better than 99% of actively invested funds. That's not cruel at all, that's actually a pretty comfy reality.