this post was submitted on 09 Jul 2025
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Index funds. Avoid individual stocks. Don’t try to time the market, in or out. DCA. Don’t touch the money. Don’t touch the money. Don’t touch the money.
Pretty much all you need to know right there - assuming the market continues in some fashion we’re accustomed to.
Actually just avoid the stock market entirely and pay someone else to manage your money.
I just have an account that I deposit money to every week when I get paid (actually it's automatically deducted) and never think about it.
Edit: of course make sure you have your 401k, HSA, and IRA accounts maxed out people. I didn't think I was going to have to say this but oh well. And high interest savings accounts are nicer and less risky. Do all of those things then get a broker to manage the rest of your money.
Easy way to gain a lot less than you would by making a few hours worth of research
Sure, but this is my retirement and long term savings. I'm able to admit my limitations and this is one of them.
I go to a doctor when I'm sick too. I trust professionals.
The difference in skill level needed between a good doctor and a good money manager is massive. It's the difference between years of experience and a few you tube videos.
Ah yes there is no such thing as experience or knowledge in financials!
I'm in IT and it's the same way! Throw on an LTT playlist and by the end of the day you'll be a sys admin!
you are severely overestimating the capabilities of what qualifies as a good money manager
I can't tell if you're being sarcastic or not but I worked with someone who watched LTT religiously and seemed to get most of his training from LTT. I spent a lot of time figuring out what he did or didn't do, writing the documentation he didn't write them fixing what he built incorrectly. LTT tries their best but their background is purely in gaming computers and it really shows, especially with the repeated IT failures that really shouldn't be happening in an organization of their size
Understandable, but they also have conflicting interests, which is that THEY want to make money
if you look at the average return rates of managed investing vs unmanaged, you'll see that you earn more by yourself with pretty much equal risks
I suspect many investment companies have deals or interest in making you invest in specific companies even though they're not that profitable
It's a bit like everything: food sold already prepared has a nice taste, but not always the best composition and is less worth it than doing it yourself, but if you don't pay attention enough, you can fuck up your meal. If you are careful, you'll make much more by yourself and it'll still have a nice taste. Yes, this comparison doesn't bring a lot but specialized companies aren't always the best way of going, and that's currently the case for investments and stocks
That doesn’t make any sense, they have a shared interest. They make more money when you make more money.
They could also make you invest in their partner companies (or even their own) and have themselves invested prior to that in the same company, then sell later, making them a bigger cut, or similar schemes. What I mean is that it's not that simple.
overall their work is not that hard and statistically doesn't pay off, at least in the past years
They're trying to stay relevant, but ETFs are now the main way of investing and are providing more interest than picking niche fields. They're doing what they can to stay relevant, but it doesn't really work. They still need to complexify a bit your investments to make it seem like they're doing something useful
Yeah, I do the ETF thing too.
I get the possibility of some kind of insider trading, but they still have to make good returns or they’re gonna lose the job.
It's all about balance ⚖️
Yes, but they make money when I make money. I pay like $750 per year to keep my account open, but other than that he only takes a percentage of my monthly gains. The more money he makes me, the more money he gets from me.
And yes of course I could do enough research to match or very them in gains and I could spend enough time watching the markets to make sure I am making sound decisions. Or I could just pay someone a few hundred bucks a month to do it for me. I know what decision I chose.
WHAAAAAAT
The thing is it's relatively simple in the most part. Just invest in a couple mainstream ETFs and boom, no need to be fancy or taking some time after that
if you want a more safe direction then it's a bit different but for the most part, that's it
I think you missed three facts that I keep trying to hammer home.
I can understand it, and respect your decision. At that point when we're talking about such amounts, it's better to offload this mental stress to a reputable company, even if it means a bit lower interest rates
The main thing to get out of this is that you're investing and frankly, it's pretty much all that matter
Thank you. You are the first person to actually understand what I am trying to say.
❤️
I experienced something kind of similar I guess. When I learned about this I was excited, but even though everything seems fine, there's still this part of me that is like "what if I'm forgetting or fucking up something? I don't want to lose my money, that's a lot"