General Discussion
In reply to the discussion: In your opinion, are DraftKings and FanDuel gambling? [View all]rjsquirrel
(4,762 posts)I specifically said the DJIA. As in an index, which you can buy as an index fund. Or you can own its component stocks.
If so you've made over a 10% average annual return over 25 years and something between 5 and 10 percent depending on inflation and a few complexities over a century, including the depression and two world wars.
Rock solid. I didn't say a thing about non-DJIA (blue chip) stocks, did I?
So all true, by the numbers and go check the math.
If you choose to ignore standard principles of leverage, asset allocation, diversification, and risk management you can gamble on stocks, sure. But you don't have to. And it's as dumb as any form of gambling to try to score big and fast in stocks. Dollar cost average 10% of your pay every year into a blue chip index fund, be disciplined , and a middle class person can retire a millionaire.
Ask me how I know. Still working, don't have to.