After reading many books, watching hundreds of videos, and even joining things like skillshare, I still am not sold that investing long term is the way to go.
I am 18 and make $27 an hour, everything I watched and learned from told me to save $10,000 and invest it into an ETF like the S&P500 for 22 years until I'm 40. Use compound interest from that 10k (about 8%-10% is the common return of the S&P) until it reaches 1.7M and then I can retire at 40.
But that all seems too easy, what's the catch. I know things like COVID-19 crashed the market but wouldn't you just sell and buy back at the lowest and continue?
[link] [comments] https://www.reddit.com/r/stocks/comments/1694h71/does_investing_actually_work/
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