[Carter08]

Originally Posted by G1911

I put a whole lot more into S&P index funds than anything else. I think it's pretty hard to lose, doing properly managed index funds, if you're in it for the long haul and don't panic sell at every dip. Like your DOW chart, it generally goes up, up and up over long periods of time and serves as a good bet against inflation and my cash on hand losing money sitting in the bank every year. My plan is generally to just let that ride and sit until I really need it, which will be in a low income year where my tax rate will be lower. Individual shares scare me more, I'm careful, don't go too deep into anything and generally pick long-term good bets, which don't always work out at all. I don't know how the day traders don't have heart attacks. But what do I know, if I had it figured it out I'd be on a private island with my Wagner's

Warren Buffett’s advice is it’s a wise move to put all of your investment dollars in a well managed S&P fund.