For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.
Exactly.
The strategy that pretty much always wins is to buy and hold a diversified portfolio. Keep funneling money into it and focus on staying out of debt, maintaining a healthy budget and event fund, and finding fulfillment in life.
There are absolutely no guarantees in life, but generally if you save 10-20% if your money and invest it into broad market index funds, you’ll be better off than those who don’t, and probably set up for retirement.
That kind of advice doesn’t draw clicks, but it’s what middle class people who retire wealthy do. If you constantly follow the clickbait advice, that’s how rich people end up in middle class retirements and how poor people end up working forever. Save 10-20%, invest in broad market indexes, and don’t sell, and you’ll likely have a middle class or better retirement.