r/worldnews Oct 01 '24

Israel/Palestine Biden directs US military to help Israel shoot down Iranian missiles, officials say

https://abcnews.go.com/Politics/biden-us-prepared-israel-defend-iranian-attack/story?id=114393069
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u/SpareWire Oct 01 '24

Which is fine wisdom for trees and terrible wisdom for investment.

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u/Capital_Gap_5194 Oct 01 '24

It’s really not terrible advice for investments.

If you own a diversified portfolio of stocks, the longer you own them the more money you will make.

Trying to time the market has time and time again proven to be a fools errand.

The surest and easiest way to make money in investing is dollar cost averaging in a diversified portfolio. If you haven’t started one yet, objectively the best time to start is today; this is true regardless of the market environment.

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u/C_Madison Oct 01 '24

Diversified: Yes. Single stocks: No. - so: Get yourself an MSCI World ETF or something like that and be happy.

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u/Brandonazz Oct 01 '24

The lamentation is that if they had invested a few years ago in that specific thing then they would have been able to make significant returns with small investment, which is all most people can manage. Index funds will let you retire but they won't be your ticket to accelerating wealth accumulation on tangible timescales.

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u/decomposition_ Oct 01 '24

I’d argue that if you’re getting your investment advice from Reddit comments then that’s on you lol, I’m up 70% on my LMT investments over time

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u/TreesACrowd Oct 01 '24 edited Oct 01 '24

That means you've held it for a long time, considering LMT practically traded sideways from Feb 2022 to July 2024 (2.5 years of a massive bull market). You'd almost certainly have made more in an S&P ETF, lol.

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u/bcisme Oct 01 '24

Bought around the same time as my AOL shares?

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u/Culsandar Oct 01 '24

For gamestop maybe. We would no longer be a country before Lockheed went belly up.

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u/tomgreen99200 Oct 01 '24

No it isn’t. Time in the market is what matters.

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u/Hoosteen_juju003 Oct 02 '24

No it’s not? Make investments and hold on to them. Literal definition of an investment. Just don’t jump on a bandwagon.