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Cake day: June 12th, 2023

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  • For most people, assuming they have disposable income, this is probably the right answer. One of the cornerstones of these forums is that trying to time the market is more often than not a fool’s errand unless you have inside information. Secondly, they rely on a long term view of investing. If you’re planning on retiring in 5 years, they’re a good start, but you’ll probably need more than they can offer. If retirement is still 10-20 years off, they can be very helpful in getting you pointed in the right direction. If you’re still in your 20s, they’ll have you set. I’ve often seen it said in these groups that if their strategies don’t work over 30-40 years, the economy probably has much bigger problems (like impending collapse)!