This is pretty much why the best financial advice for 99.99% of people is "stick with index funds".

Yeah you won't get extremely lucky and 200x your money because you bought NVidia a decade ago, but you also won't lose all your money because you bought Enron.

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pmg101 2 hours ago | parent [-]

Does this advice still hold once 99.99% of people are invested in index funds?

	▲	Espressosaurus 2 hours ago \| parent \| next [-]
		It’s not clear yet. Index funds are now an enormous part of the market and players are starting to play them (see SpaceX, and given the door they opened OpenAI and Anthropic to follow).
	▲	shigawire 2 hours ago \| parent \| prev \| next [-]
		And big tech is a large part of most indexes
	▲	mjr00 2 hours ago \| parent \| prev [-]
		I mean probably? It's still a much lower-risk strategy compared to investing in individual stocks.