this post was submitted on 24 Jul 2024
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Jeff's magic money machine (midwest.social)
submitted 4 months ago by anachronist@midwest.social to c/memes@lemmy.ml
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[โ€“] PraiseTheSoup@lemm.ee 4 points 4 months ago (1 children)

"Investing" is just gambling with extra steps.

[โ€“] rand_alpha19@moist.catsweat.com 0 points 4 months ago* (last edited 4 months ago)

Yes, and ETFs have the best odds with pretty low, but relatively stable, returns. It's fairly low-risk because that's how index funds work. Retail investing is not really for me, so low-risk is the most I am comfortable with.

In this scenario, I only need to keep the money in stocks for 1 month. It's not like investing in crypto, I'd lose barely any of it in that time if I lost anything at all.