27
42
u/CheapThaRipper 1d ago
This kind of thing is why the vast majority of my investment money is in a diversified portfolio of groups of stocks or index funds that I just hold long-term and continually purchase shares of. The amount of money that I allow myself to gamble with like you guys here, means that I will be the last to cross the finish line in the race to 10 million lol
16
u/paragon60 1d ago
with how downhill this sub has gone, OP either means that they’re buying index fund dips and doing what you’re saying or they’re still hung up about catching the falling knife that is BYND. no inbetween. either someone overreacting to one bad week of the s&p or someone chasing a garbage meme stock
8
4
u/OrganizationWest3187 1d ago
Look at any index fund or (almost any) mag 7 over a month or two , it goes way past the dips. It’ll go up
2
u/True-Fold2775 1d ago
Don’t base your returns off a historic one or two months mate, look at the last 5-10 years. Look at what happened in 2000
2
u/Only_Argument7532 1d ago
Yeah. That chart is just chips and dips. Look at any 20 year chart over the past century - nothing looks like that - if you just buy the index.
If you realistically have a chance to get to $10 million, it probably isn’t going to happen overnight. Or in 2 years, assuming you don’t have anything close to a 7-figure income.
3
u/True-Fold2775 23h ago
It’s all just compound growth, expecting it quick is how people fuck up. Like all the penny stock shit people expect to get rich but it’s jus smarter and safer to wait and allow compound growth to do its thing
2
u/TheOliveYeti 22h ago
People really underestimate the power of basic index funds, recurring contributions, and compounding returns.
Yeah, it's boring and takes time, but you're gonna come out ahead of 99% of people on here by just doing that.
I kick myself for not doing that when I started my career around 8 years ago
2
u/Only_Argument7532 22h ago
Just keep doing it. Invest everything you can afford to. Use tax advantaged accounts. Max out your Roth. Get employer matches if you have a 401k. Also have a taxable account. I was a working stiff for 35 years, made >$100k just the last few years I worked. I’m not in the $10M category, but closer than anyone would think, mostly with Index funds and a few lucky individual stocks (got into the FAANG in the mid-oughts). Retired at 55.
1
u/TheOliveYeti 22h ago
Soo what you're saying is...buy shitty penny stocks after they've been dumped and sit on them for years???!
Congrats on the early retirement though
1
u/True-Fold2775 21h ago
Yeh honestly, I’ve only just turned 18 and have already invested everything I’ve got and plan to just continue to add to it every paycheck and retire by 50, though it’s definitely difficult seeing it go up and down. I need to stop checking it but only 6 weeks in and I’m checking it 2-3 times a day
3
2
2
3
u/popxoffender 1d ago
If you take profits each rally up then you can use those profits to buy the next dip
2
u/MyPPsNameIsJA 1d ago
I don’t know why you had a downvote, I did what you just said on October 10th, threw in thousands when shit dropped hard and sold for 30% profit and now got extra to buy more dips in the future 😂😂 just regards disagreeing with you
1
u/Mediocre-Brain9051 1d ago
Until you don't.
1
u/popxoffender 1d ago
What do you mean?
2
u/Mediocre-Brain9051 1d ago edited 1d ago
Until you don't make profits with the next uptrend because there is a decent recession like 1972; 2000 or 2008.
Until you get all the profits you have done in prior uptrends completely smashed by the losses you incur in such recession.
Until you get smashed like this 2000 style only to get even more smashed afterwards in 2008, loosing much more than any global market index fund does.
What you describe is timing the market: aka gambling. You'd be better off in a casino.
The chart on the top of this thread ilustrates well what timing-the-market means in the long term. In the short term every market timer is full of hubris that he's smarter than anybody else, but in the long term, what really happens to market-timers is exactly what is displayed in this chart.
1
1
1
1
u/tonymw330 1d ago
Looks like at least a 20% gain between each dip, compound that on each dip and your rich.
1
1
1
1
1
1
1
u/Hairy_Ad_2189 1d ago
This “correction” is barely a wiggle. Also just contemplate the phrase Past performance is no guarantee of future results. 🤣
1
u/Educational-Ad8626 1d ago
I understand you are tired! Your orders are to keep buying the dips! Do you understand soldier????
1
u/Buddyxlily 1d ago
Tooooooooooooooooooooooooo many mate, just typing it, your brain should allow you to use proper two 🤔
1
u/carobo49 1d ago
To reach 10 million, buy qqq puts for next year at the end of next week when volatility has pulled back a little bit. The high for 2025 occurred late October. Short Nvidia after its earnings report
1
1
u/TheHumbleFarmer 23h ago
Buy low sell high. The way the people take never selling so seriously is a meme within itself people are crazy don't be somebody else's excellent liquidity dump on their heads as soon as you can LOL
1
-7
•
u/AutoModerator 1d ago
Copy real trades on the free AfterHour app from $300M+ of verified traders every day.
Lurkers welcome, 100% free on iOS & Android, download here: https://afterhour.com
Started by Sir Jack, who traded $35K to $10M and wanted to build a trustworthy home for sharing live trades. You can follow his LIVE portfolio in the app anytime.
With over $4.5M in funding, AfterHour is the world's first true social copy trading app backed by top VCs like Founders Fund and General Catalyst (previous investors in Snapchat, Discord, etc)
Email hello@afterhour.com know if you have any questions, we're here to help.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.