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A comment on Financial Statement Analysis with Large Language Models. Parent comment

Re:Financial Statement Analysis with Large Language Models by chronic94057 on Saturday May 25, 2024 @02:08AM (#40472958)
> "buy and hold the S&P 500 until you're ready to retire"

That is bad advice.

VGT Vanguard Technology ETF has outperformed S&P 500 over the past 20 years.

All the people who say “VTSAX and chill” disappeared in the past 3-4 years because their cherished total passive index fund is no longer the best over long horizons. And no, the markets are not efficient.

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Re:Financial Statement Analysis with Large Language Models by Terr_ on Saturday May 25, 2024 @04:06PM (#40477467)
> VGT Vanguard Technology ETF

Given this particular forum, it should be noted that investing in the same field as your job is a kind of anti-diversification.

A really severe example would be all the people who worked at Enron and invested everything in Enron stock.

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Re:Financial Statement Analysis with Large Language Models by telepathy on Saturday May 25, 2024 @04:28PM (#40477600)
Need to invest in VT not VGT. Markets are efficient.
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