Anonymous

08 Jun 2021

∙

General Investing

Why doesn't everyone invest, it seems rather easy?

I’ve read quite a bit on investing recently. It seems really easy to have 1 million dollars by just investing into ETFs e.g s&p, I wonder why everyone don’t do it? Since market will always go up although there will be some downs but it will always go up? DCA $1k every month to s&p is like 99.99% to be a millionaire in 20 years time?

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Tee Hon Eng

21 Mar 2020

You would have to be extremely constant and able to keep up with the inflation rate.

Also ETF is tracking the market, times like today, you could have lost 30% of the value. Thus, people tries to balance their portfolio with other products.

Not sure how you derived at 1 million dollar. I did some searches and found a calculator.

https://dqydj.com/scripts/spcalc/sp_500_reinves...

Final amount for period of 20 years starting Jan 2000 is $645984.70.

You probably need more than 25 years. And can you imagine how much $1000 is worth 25 years ago?

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Jacky

21 Mar 2020

Emotion, emotion, and emotion.

Try doing DCA 1k/month, you will soon realize that it is not that easy, some gurus will come to confuse you that "this time is different, the crash is real, cash is king, sell all and wait for bottom, etc."

When you are at stake, you are likely to be confused by these noises, and start to be doubtful of yourself.

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Pang Zhe Liang

21 Mar 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

There are N reasons for this.

For instance, some of us have different risk appetite and priorities ...

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