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

submitted 18 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 13 hours ago (1 children)

That's why it's smart to park money in high-interest assets (like index funds). Of course, you need to be in a position to save money.

[–] [email protected] 2 points 11 hours ago (2 children)

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.

[–] [email protected] 2 points 8 hours 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.

[–] [email protected] 2 points 9 hours 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.