I don’t know if this is what some people would call life changing money.
safe bet: long term investment for retirement or to buy a house.
dreamer me: study the piano bachelor you always said you wanted to do, even if it’s just the bachelor, and not a master, even if you’re doing it not for the money or fame, but just because you want to play and maybe teach part time, but mostly because is something I enjoy doing, even if teaching the piano is mostly a side job to my main job.
I don’t know what to do. Feel free to read my previous post, because it’s related to this one.
The peak of 2007 was reached again in 2013. Not exactly the next day, but also not disastrously long.
All I’m saying is you need to be braced for it. I see all the graphs upthread talking about the gains. Those graphs are accurate, but don’t tell the complete story.
You need to at least contemplate how you’ll feel in the lizard part of your brain at 2am and how long six years can feel while you’re in them.
OP sounds like an inexperienced investor who plausibly needs not just a reminder but to hear those words plainly. That’s all.
It’s still the best advice.
What if we couldn’t have bailed out banks in 2008? What if the crash was 10x 2008? I don’t how 10x of half works and neither to these coked up AI bros handing 20b back and forth while we pretend that is an economy.
I’m sure the system will work beautifully when the next crash happens. The invisible hand will take our pensions, hand them to Altman and Musk and everyone will cheer.