[ArtTimeInvestor]

This is cool.

It tells you something about how much a gambling place the market is when a site like this has a one day default for the price change. When it comes to a high level view of the market, why would I care for a comparison of todays prices to ... YESTERDAY??

My first reaction was to look for a 10 year option. There is none, so I took the 5 year option. All of the big names roughly doubled or tripled over the last 5 years. Amazon lagging a bit behind. I could start to reason about the numbers but .. 5 years is just too short. I would play with it more if there was a 10 year option.

And I would love Love LOVE a European version of this.

[Karrot_Kream]

> It tells you something about how much a gambling place the market is when a site like this has a one day default for the price change. When it comes to a high level view of the market, why would I care for a comparison of todays prices to ... YESTERDAY??

Treeviews are pretty common views for traders trying to get into new markets. Just like a software engineer understands that the backbone of our networks is retries and waits, traders will create funds that smooth over this kind of daily volatility for people that just want to have their capital appreciate. Imagine explaining to a non software engineer that actually things on the internet are failing all the time and turning them off and on again (retries) is actually how we make sure it all works ;) (and obviously the math that underpins it all is pretty much the same. Networks and markets run on RVs and time-series.)

There is undoubtedly European versions of this btw. If I get around to it after work I'll try and post some.

[roenxi]

In defence of prices yesterday - the people who would use a tool like this the most are the traders since they are looking at the numbers every day, so it probably comes out of the trader community.

Real returns are expected to be in the 2-8% range which means that most people should be looking at timeframes around 10-50 year. Unfortunately at that range the money printing has a real impact so the chart needs to be adjusted for inflation and, realistically, changes in the money supply [0] and so it is more work for the implementer.

[0] If it hasn't gone up 33% since 2020 it probably lost value in real terms.

[chronil3058]

>It tells you something about how much a gambling place the market is when a site like this has a one day default for the price change.

Because earning 10% in passive index funds over 20-30 years will not make you rich.

Subtract taxes and inflation, and you’re at low single digit returns.

The average tech person “gambling” with stock picking will have the same quality of life as the passive index fund investor.

However the gambler has higher chance at generational wealth. The index fund investor does not.

[nerdponx]

> the gambler has higher chance at generational wealth

And a symmetrically higher chance of ruin, and in the process the "averaged out" gain might actually be worse than the index investor after taxes, fees, and inflation are factored in.

[cj]

Most people don’t invest in things with the explicit goal of getting rich.

Most average investors would be happy with guaranteed single digit returns, however boring.

[malfist]

10% YoY in passive funds is amazing. You can absolutely get rich on that.

[HPsquared]

They could save a lot of effort and take it to the casino.