Ask HN: How to save/invest/deal with money? • Hacker News Board

Re: Ask HN: How to save/invest/deal with money?

#41

Post by patrick451 » Sun, Nov 20, 2022, 12:18 AM UTC

mehphp wrote: post #30

ericmcer wrote: post #22

Earlier quoted context omitted.

I know we are having a bad year but it is funny see him say: 'put all your money in VTSAX' and you click the link and it says "YTD returns: -16.9%". In a year like this only losing 17% might be considered doing really well though.

He addresses this exact thing in his list. It's a good time to buy even more, VTSAX is effectively on sale if you are in it for the long haul. Time in the market > timing the market.

You can't simultaneously claim that timing the market is bad, but in the same breath claim "it's a good time to buy".

Re: Ask HN: How to save/invest/deal with money?

#42

Post by mehphp » Sun, Nov 20, 2022, 2:16 AM UTC

patrick451 wrote: post #41

mehphp wrote: post #30

Earlier quoted context omitted.

He addresses this exact thing in his list. It's a good time to buy even more, VTSAX is effectively on sale if you are in it for the long haul. Time in the market > timing the market.

You can't simultaneously claim that timing the market is bad, but in the same breath claim "it's a good time to buy".

Sure you can when you are talking about staying in for the long haul. The market has always gone back up and if it doesn’t, we’ll have far greater problems to worry about than our 401k.

Re: Ask HN: How to save/invest/deal with money?

#43

Post by throwaheyy » Mon, Nov 21, 2022, 1:03 AM UTC

Silverback_VII wrote: post #37

throwaheyy wrote: post #28

Earlier quoted context omitted.

I recommend “If You Can”. It’s an short, accessible and entertaining guide to self-managed passive investing targeted to millennials. https://www.etf.com/docs/IfYouCan.pdf

let me guess, one of these "living poor dying rich" advice? of so, I highly recommend to watch this video: https://youtu.be/Baw0N7B-jV4

Not really. More living sustainably, retiring comfortably.