And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.

  • rational_lib@lemmy.world
    15·
    14 hours ago

    In my experience:

    • A lot of people do this with 401ks and such because many times there aren’t many other options.
    • People I know who are serious investors with a lot of money tend to not invest much in the S&P 500 because they think of themselves as superior investors, but I don’t know of anyone for whom this is actually true based on past performance.
    • I invest some 20% of my money in the S&P 500, which is probably not as much as I should. It’s some combination of the above hubris, which is natural, wanting to be diversified, and enjoying gambling on individual stocks.
    • Goodie@lemmy.world
      3·
      9 hours ago

      This is my approach.

      I have hubris. But also some self-awareness.

      20-50% into broad market indexes. 50-70% into messing around and generic picks.

      Of my own picks, only a few have outperformed the s&p50p. Some are… not good. If I happen to find another nvidia I’ll be very happy. If I don’t, I’ll be able to retire at a not unreasonable age.