this post was submitted on 27 Feb 2024
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FTFY
All investments are gambles basically. For example, I chose to do the "safe thing" a few years back to "invest" some of my savings into an index fund (stock market diversification basically). This is commonly expected to yield about 5% return on investment over time, historically.
What actually happened is that my Gamble lost about 40% of its value over the past couple years. I'd have been far better off just putting those savings into a good savings account.