• julietOscarEcho@sh.itjust.works
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    10 days ago

    Chat GPT came out in 2023. To the extent there was a bubble in 2021 (crypto and EV come to mind) those frothy parts of the market have deflated.

    Thought it was worth adding to your comment that getting rich by taking extraordinary risk may not be “optimal”, and that looking at upside outliers is a bad way to decide what to do with personal finances.

    If what you’re advocating is buying well diversified, low fee, investments with a long time horizon then carry right on though.

    • 1984@lemmy.today
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      10 days ago

      You can adjust your risk, sure. Those low fee diversified investments will give you index level gains, sure. But I meant getting actual rich. Then you need to bet on the right stocks.

      • trolololol@lemmy.world
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        3 days ago

        Pfff

        Best way to have a million is starting with 2 million.

        Or write a book about how to get rich. Like that kyosaki guy that blew it up on real estate.

        • 1984@lemmy.today
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          3 days ago

          I’ve noticed that some people just have some built in resistence to learning about stocks. It keeps them poor and it’s almost as they want that. At the same time, some kids learn about stocks in their teens and start getting experience and then they invest through their entire life, seeing their money grow.

          Its interesting see that attitude. Someone put it there. I would highly recommend challenging your views on this.

          • trolololol@lemmy.world
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            10 hours ago

            Say you get 300% gains on your money and consistently put 50% of your money in stocks for 50 years. It still won’t make most people rich.

            Retiring comfortably? Sure, you’ve saved 50% of your salary. But rich? Like, Elon Musk family money in the 90s when no one knew him? Nope.

            • 1984@lemmy.today
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              9 hours ago

              I really think 99.99% of people would be super happy to just be rich enough to have a car, a house, and good food. We don’t need very much. People just dont want to be poor.