• 3 Posts
  • 421 Comments
Joined 1 year ago
cake
Cake day: August 26th, 2023

help-circle





  • Invest in index funds. They are self- cleaning…IOW when a stock stops performing it is removed from the fund and replaced by a better performer.

    Use a brokerage that is low fee. Fees steal your money.

    Do NOT let someone manage your money that moves stocks around for fees.

    Use Dollar cost averaging . Even if the market is down, keep adding regularly. Which is tied to…

    Don’t time the market. You can’t win.

    Don’t touch it. Don’t touch your money. Don’t incur fees and capital gains taxes. You will lose. Leave it alone.

    I am up 8% average yearly over the lifetime of my fund including all the downturns, it has been stellar this year well over 12%. Is this a “get rich quick” way of doing things? Is it exciting? No. Not at all. But it works.

    Investing (NOT TRADING) is EasyHard, because it’s really easy to do, but really hard not to mess with and screw it up.