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The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops (futurism.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 1 point 10 months ago (4 children)

I wish I could convince SO to do this with our funds but they will just say im a doomsdayer

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  • [–] 2 points 10 months ago* (1 child)

    The good news is. Even if you don't change your strategy, you can just chill on index funds. When the bubble pops, they will go down, just keep buying more. In the long term, you will still make money. US index funds earn ~8% per year on average when invested for long periods of time.

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  • [–] 3 points 10 months ago

    Yeah, agreed. Just buy monthly a fixed amount of money in index funds. When it goes down, some people will double it.

    I made the mistake of selling when covid hit and the market went down. I started buying again when the market was doing OK again. So I made two mistakes: sold low, bought high.

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