“If, in 1970, you invested $100 in a fund tracking the S&P index, then by 2023 the investment would have grown to $22,000, far more than it would have in other assets such as real estate or government and corporate bonds. Case closed, right? Put your money into an index fund and simply leave it there.”
@bibliolater@economics
The Index itself is designed to always appear to be going 'up.' Stocks selected for the Index that have stopped improving are replaced with better performing ones. The rare times the Index drops are usually economic disasters. Slow down turns have less effect.
It's purpose is to get people to 'invest' seeing only the 'winners.'