Re:$280mm+ has been moved from FTX wallets to another wallet...
by MrBingley on Saturday November 12, 2022 @11:14AM
(#33574379)
> 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.
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