[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.