Quote:
Originally Posted by ThaVirus
I had no experience in investing and decided to dip my feet in the water maybe a year ago with some airline and cruise stocks thinking they'd rebound after COVID (stupid lol).
I'm no day trader and realize I know absolutely jack and shit about any of this, so I recently parked some cash into VOO. I hope to be able to just keep that money in there for the next 30 years and see some growth. I've been considering other ETFs as well.
Is that an advisable course of action in the eyes of the financial gurus of CP?
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VOO or something similar is the right move for someone without experience, or a crystal ball. Indexing is a deceptively sophisticated approach to investing, the trick is to block out all of the seductive noise that can take you out of your strategy, it is a simple and boring approach after all.