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Do you make $5,000/day? (sh.itjust.works)

submitted 1 day ago by praise_idleness@sh.itjust.works to c/196@lemmy.blahaj.zone

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[-] Rhaedas@fedia.io 2 points 1 day ago

And in a position to be able to lose it. High interest are high because they are risky, so they have to pay well to attract investing. If you already have enough money to burn, you can put money into various high risk areas and win overall. If you only have enough to sink it into a single source, you could gain. Or not.

[-] psud@aussie.zone 1 points 8 hours ago

Index funds are pretty incredibly safe. Pick one of the big US indexes and look at the graph since before the global financial crisis

[-] iii@mander.xyz 2 points 1 day ago

If you already have enough money to burn, you can put money into various high risk areas and win overall.

That's the angel investor strategy.

There's also lower risk index funds, that simply invest in the biggest N companies.

[-] photonic_sorcerer@lemmy.dbzer0.com 2 points 1 day ago

As long as you keep that money in index funds like MSCI World, S&P500 or DAX, you can wait out the bad times. Never sell, keep holding. Over decades this leads to large net profits.