You lose money every day if you have your savings in a bank or an annuity. You are losing money when invested in active mutual funds because of all the fees: turnover, expense, loads, and the history of active fund managers can’t beat the market more than a couple years in a row on average.
It is wrong to compare casino gambling to investing in the stock market. If you know what to look at, the market is very easy to invest in.
The easiest investment for the last year and probably thru 2024, you can get over 5% in a simple money market with very low expense, easy to get out of, and very safe. If you are nervous, you can always get into a target fund that is balanced if that will let you sleep easier.
Me, I have a few index funds that have worked for me for the last couple of decades and a couple of stocks that have done very very well, like over 25% per year on average when the economy is doing ok. After November 2024, I will get out of the money markets and will be 100% invested in those same index funds that I have always been in.
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