I was thinking about longing sp500 etf and forget about it. I want to take it slowly and surely, I want almost guranteed sucess. There some are anons here who have been lurking on this shithole since 2017 and still never made it, I do not want to end up like them.
>>62470334I also tought about longing crypto with 3x-5x leverage after it goes down to 30k but that would be risky and the bottom is unclear.
>>62470334Anon, I've been here since fucking 2008 and I've never been deeper in the hole. Fuck up with your zoomer ass 2017.
>>62470346Why haven't you given up yet? The risk-reward ratio gets worse every cycle and this one has been bad enough, the next one will be likely worse.I was 6 in 2008 and only heard about bitcoin in 2017 and lurked here first in 2021. Why didn't you hold only a few bitcoin atleast? Did you lose them? Was the fud that bad?
If there's a 2008 style crash, go all in with everything you have, I'm talking selling your grandma and even the chair you sit on to buy in.The post 2008 recovery wave made millionaires from average wagies over the 5-10 years that followed you just don't hear about it much because back then you couldn't just open an app on your phone and buy stocks within a minute.
>>62470334Teach yourself some basic mental tricks about compoundingFor example, assuming 10% returns, any x amount of money will double every 7.2 years.Knowing this gives you drive to increase your pile of money as FAST as possible (sell literally anything you don't need also) so your doubles can be even more meaningful
>start pumping everything into an etf that tracks the sp500>set up automatic buy order every 2-4 weeks>forget about it>reduce working hours once you reach certain thresholds >ease out of waging slowly its that easy. there is literally no trick to it. just do it NOW
>>62470533That was kind of my first plam
>>62470334>>62470524I've gone from $60k to $300k in my retirement acct in the 4 years since I started to respect compounding btw. 28% CAGR (I buy a lot of small caps and do not recommend it for newbies - just buy etfs) + saving as much as possible of my poverty salary