@sun @FluentInFinance @thesquirrelfish also dumping money into index funds is the opposite of good advice; it's a trend that exists because the average person doesn't have the knowledge or time to invest properly and we lost pensions as a standard pillar of our retirement (most 401ks are balls deep in index funds with maybe a sprinkling of bonds because most people don't understand bonds either. Note, the 60/40 diversification recommendation is dead; do not fall for that trap in the current economy).

So this makes index funds incredibly overweight and creates the toppling giants in the American economy that everyone hates. All your retirement money is being sent to the big tech companies you hate. They're literally gambling with your future by providing the funding for the Next Big Tech Thing, the surveillance of us all, etc etc, through your retirement portfolio.

Huh, so what's going to happen to everyone's retirement portfolios when the massive bubble pops and the recession takes hold? Oopsy, the entire middle class is gonna get wiped out because they had no idea that their Easy-Mode investment plan of blindly dumping 8% of their paycheck into an index fund managed by the hedgies would disintegrate before their very eyes when reality hits the markets.

Index funds providing the returns they've managed to do since ~2008 is an anomaly, not the rule. Those funds have only grown bigger and bigger since the great recession and have set unrealistic expectations fueled by ZIRP.

The Red Candles are coming.