[hello639]

> All you need is a couple of index funds and bonds.

Ah, spoken like a true middle class Boglehead.

VTI/VOO will not change your life, even after 30 years. Broad market ETFs are not worth the risk.

You’re better off doing bonds (little to no risk) or crypto (high risk, more likely for life-changing generational wealth compared, even compared to FAANG SWE TC).

[MrBingley]

> life-changing generational wealth

By that measure, the people who had their life savings in FTX (and Celsius and Luna before that) have certainly succeeded.

Investing in total-market index funds is the single best strategy for the average investor. (In fact it's so good there's a proof! [1]) If you invested $10000 in the total US market in 1992 (30 years ago) and never touched it again, your inflation-adjusted balance today would be $72452 [2]. That's an insane 7x of real growth that requires absolutely no effort on your part. Even if you did a more conservative mix of 60% stock and 40% bond (VBMFX) you would have 4.5x real growth.

[1] https://web.stanford.edu/~wfsharpe/art/active/active.htm

[2] https://www.portfoliovisualizer.com/backtest-portfolio

[boppo1]

Does that study account for stocks that have dropped out of the index? Re-balancing fees? What about LIRP/ZIRP?

[robbintt]

I haven't read this study but the listed returns account for index rebalancing.

[65]

Crypto isn't actually an investment in anything. It's just speculation.

With crypto you're not investing in anything that will produce a positive cash flow. Bonds and the stock market actually produce cash flow.

[likecarter]

Crypto is life-changing in the sense that you will probably lose all your money as (1) a complete speculation or (2) in a hack or (3) due to fraud.

[kweingar]

Why not just bet it all on red and get your life-changing generational wealth without all the drama?