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From: Rolf Mantel <news@hartig-mantel.de>
Newsgroups: rec.bicycles.tech
Subject: Re: Cycling editorial
Date: Fri, 7 Jun 2024 12:43:03 +0200
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Am 06.06.2024 um 22:41 schrieb Zen Cycle:
> On 6/6/2024 1:03 PM, Jeff Liebermann wrote:

>> Thanks for the details.  I don't want to tell my tale of stock market
>> woe.  I lost badly in the "black Monday" crash in 1987 and repeated
>> the mistake (to a lesser degree) with the dot-com bubble in 2000.  I
>> did well in the 1990's but stayed in the market too long.  Since then,
>> I've been risk averse and have avoided any investments in the stock
>> market.  Avoiding the stock market may soon turn into another mistake
>> as my savings are rapidly being eroded by inflation.  It's not a
>> pretty picture, but at least I have no debt and I have enough cash to
>> survive.
> 
> It's a guessing game for the vast majority of casual investors. In some 
> cases little better than a casino.

The best "casual" investment tip definitely was around by 1995 (website 
"the motley fool"):
Buy individual shares only for gambling.  Invest into index funds 
following a very broad index (e.g. S&P 500 or MSCI world index) and hold 
for a minimum of 20 years.

This way, the crashes in 1987, 2001 and 2008 would have been relatively 
unimportant.

Rolf "followed through after the 2008 crash once ETF existed"