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A comment on Robinhood now valued at $11.2B with new fund backing. Parent comment

Re:Robinhood now valued at $11.2B with new fund backing by CPLX on Monday August 17, 2020 @05:30PM (#24192413)
> That 8% return is about as risk free as you can get

Yeah no. The S&P 500 lost about 35% of its value in 2008. If that's the year your kid starts college or you were planning to put down a big down payment on your first house, you'd be completely fucked.

I used to think the same way as you, but when you get a little older and major life milestones and/or retirement aren't distant concepts it'll change your perspective.

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Re:Robinhood now valued at $11.2B with new fund backing by oconnor663 on Monday August 17, 2020 @05:53PM (#24192641)
I think the standard advice is that whatever part of your savings you expect to spend in the next 5-10 years shouldn't go in the stock market, for exactly this reason.
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