Dont even get me started on the ability of divorce to make retirement impossible. Pissing away decade/decades of investing years is the kiss of death for most people when that QDRO hits.
You know that doesn't happen to people here. They all marry tradwives.
I don’t know if I even wanna dig into the past tbh. Don’t wanna start the new year with regret.It will get worse when you calculate how much you paid him in management fees to underperform the S&P.
Foler
you seem pretty legit on getting in to the investing arena so here are some serious words of advice. Its fucking hard to win. Like heroic mode Shattered Halls when you are under geared fucking hard to win. When I started posting in this thread years ago I understood business financials and macro economics but I didn't understand "investing". Investing is its own animal. There are so many different moving parts to it. My first few years at taking money out of indexes and investing myself I sucked balls. It cost me thousands in losses (not counting the opportunity costs of not being invested correctly). To be successful you need a sound investing philosophy, a quality understanding of how the markets work on a macro level as well as how markets work on a micro level (something as simple as the bid/ask spreads and market vs limit orders, to trailing stops for example), a solid basis of understanding of financial technical analysis tools and the ability to invest without emotion are just some bare minimum requirements to be successful.
Avoiding looking at data is not the basis for successful investing. Gotta analyze the bad with the good to know what works and what to avoid.
Big Phoenix
I don’t think I’m gonna buy and sell like you, blazin and co. Not right now. Just gonna keep buying fxaix, keep poking around here and learning. Will reevaluate next fall if it’s time to move my AUM into my personal portfolio. Appreciate the help.
Some of this shit sounds pretty simple but, the sound investing philosophy is crucial and yet not nearly as easy as it appears. There isn't a single answer you need to figure out. There is so much scamming/grifting out there and its all designed to make you think their strategy is a good one. You need to be able to sift through all that bullshit. This thread has years of posts to support how easy it is to get taken to the cleaners by pump and dump grifters or even honest people who generally believe their philosophy is a winning strategy.
At the end of the day, at a minimum 95% of all investors are better off buying the S&P and never looking at it until they retire. I have had three good years back to back, but 2020 was mainly about blind luck. I had closed out a pretty bad 2019 and was sitting on almost all cash from doing a portfolio reset when Covid hit. Having a pigpile of cash in March of 2020 made me look like Warren Buffett. My point is the odds are you best course of action is to invest 99% of all your money into an index and never look at it. Take that 1% left and have fun with it while learning investing. Expect to lose it all and be happy if you dont. Consider this the cost of education.
And you will still make more money than you will letting Chad the investment advisor handle your money for 0.75% of AUM each year.
My old Edward Jones account executive (account my dad setup for me when I was 18) still sends me a birthday and christmas card even though I pulled the majority of my money out of it almost a decade ago. But lots of it is because it is a small town and that entire office is manned by a dude, his mother in law and another relative. The mother in law is the mom of some classmates I went all through school with and know well. So she's probably the one doing it.
It's okay, it will soon drop back down to $60 like the last time it went this high.TFW you didnt buy AMD in Oct at $93 because your chart said $91 was the entry price. I blame you
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I don’t want to open an account for loans n shit. Just looking for a place to aggregate accounts across banking and bonus points if it can do things like track expenses.
I spend all day automating this kind of data parsing for shit at work.