I think that in any scenario where society continues that owning shares of important companies will be economically valuable.
To that end, I think most people want a “get rich slowly” strategy where, rather than gamble on the next Dogecoin, you buy broad-based indexes (or other mutual fund make ups) regularly and sustained over a long period. “Time in the market beats timing the market.”
There’s no guarantee that we’ll continue to see low double-digit gains. I’m personally modeling my retirement on a 5% real return CAGR (close to half of the historical, long-run average) and any actual returns over that mean that I will work longer than I strictly had to and become a head-start to my kids.
To that end, I think most people want a “get rich slowly” strategy where, rather than gamble on the next Dogecoin, you buy broad-based indexes (or other mutual fund make ups) regularly and sustained over a long period. “Time in the market beats timing the market.”
If that’s not enough, read up on the worst market timer: https://awealthofcommonsense.com/2014/02/worlds-worst-market...
There’s no guarantee that we’ll continue to see low double-digit gains. I’m personally modeling my retirement on a 5% real return CAGR (close to half of the historical, long-run average) and any actual returns over that mean that I will work longer than I strictly had to and become a head-start to my kids.