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In reply to the discussion: OMG the stock market! [View all]
 

Tomconroy

(7,611 posts)
11. I really wish I could convince younger people of this. The stock
Tue Aug 31, 2021, 11:31 PM
Aug 2021

Market did well in the 1920s, suffered an incredible crash, but if you dollar averaged in through the 30s and 40s you did ok. If you started in the 50s and kept dollar averaging through the 60s you became wealthy. The 70s were flat but if you dollar averaged you made some money. Beginning in 1982 you endured some very bad markets, but if you dollar averaged, you became very wealthy indeed.
If I do nothing else on this board I hope I can convince some young people to believe in the immense possibilities of this country. Start young. Invest some portion of your pay check. You won't believe what will happen.

OMG the stock market! [View all] Tomconroy Aug 2021 OP
.... Rorey Aug 2021 #1
Isn't this where someone here calls it a ponzi scheme? brooklynite Aug 2021 #2
Won't somebody think of the *millionaires*? Pinback Aug 2021 #3
market's doing well -- indicates confidence in a good President cadoman Aug 2021 #4
LOL. "indicates confidence in a good President" PSPS Aug 2021 #6
I lived through a lot of markets now. Tomconroy Aug 2021 #5
There is no better idea...If there is a new stock..sometimes a chance on that is worth the Stuart G Aug 2021 #10
Don't pick stocks. Invest in the broad market Tomconroy Aug 2021 #13
...Yes, that is true, a little of this industry, and a little of that industry and some others. Stuart G Aug 2021 #17
Eventually, everything that goes up must come down. kentuck Aug 2021 #7
Except for the stock market. It does go down but for all of our Tomconroy Aug 2021 #8
That depends on the stocks you invest in.. Stuart G Aug 2021 #12
Don't buy individual stocks. Very few people are smarter Tomconroy Aug 2021 #16
The stock market has been doing well for about a decade now. Demobrat Aug 2021 #9
I really wish I could convince younger people of this. The stock Tomconroy Aug 2021 #11
As an active and daily trader... WarGamer Aug 2021 #14
I don't have the temperament to be a trader. Tomconroy Aug 2021 #18
Definitely!! WarGamer Aug 2021 #20
I used to have a small account where I bet on individual stocks. Tomconroy Aug 2021 #22
Playing shares isn't that exciting TBH... WarGamer Aug 2021 #23
Just can't do it by temperament. And I think most people Tomconroy Aug 2021 #24
You're right. WarGamer Sep 2021 #26
do you trade w cboe? mopinko Aug 2021 #25
No, I'm just a retail trader using WeBull.. WarGamer Sep 2021 #27
My absolute favorite investing book is The Elements of Tomconroy Sep 2021 #28
100% agree WarGamer Sep 2021 #30
The market has been very good to me. bif Aug 2021 #15
Me too...A whole lot, different story, same result...Not the amounts, but same result.. Stuart G Aug 2021 #19
You lived through 1999 and 2008. You deserve to be wealthy. Tomconroy Aug 2021 #21
Oh, for Chrissakes. PoindexterOglethorpe Sep 2021 #29
Many here that trash the stock market do so because of jealousy MichMan Sep 2021 #31
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