Submitted by berlinparisexpress t3_11nxvg4 in Futurology
TheSensibleTurk t1_jbpulqv wrote
I wouldn't. I'd want to make 4x - 5x the amount of the UBI.
Nothing feels as good as investing %80 or your disposable income into QQQ or SPY. I'm 30 now. If the nasdaq 100 returns just 5 percent annualized over the next 15 years, my portfolio will be around 5-6M USD, and not even considering things like dollar cost averaging or playing with a bit of safe margin.
That's the beautiful thing about American capitalism. Invest enough and the economy itself makes money for you. For all those jokes about billionaires not even knowing you exists, you can ride their coattails to multimillionaire status.
[deleted] t1_jbq1uic wrote
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[deleted] t1_jbpzjc6 wrote
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TheSensibleTurk t1_jbq04f2 wrote
Yep. The stock market is more democratic and accessible than ever, and you don't need to be a pro or pay any managers thanks it index ETFs.
[deleted] t1_jbq0puy wrote
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KnightOfNothing t1_jbqi2jv wrote
this little conversation between you two reads like an ad.
TheSensibleTurk t1_jbsgzl3 wrote
Here's more then:
Historical data of the Nasdaq 100 index
The index returned an average annual return of 15.13% between July 2007 and February 2023 .
That's an empirical fact, not conjecture.
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