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JT45242

(4,026 posts)

12. That is the smart way

Reply to brooklynite (Original post)

Thu Feb 4, 2021, 11:37 AM

Feb 2021

My brother tried to day trade because he is a smart guy and lost a couple hundred thousand that he made from selling his home when he moved out of NYC. I tried to warn him that you have to do that stuff 24/7 if you are going to day trade..but he did well at first.

I have money in about 8 different mutual funds and the slow but steady approach has averaged about 8 percent over the last twenty years.

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How to Win at the Stock Market by Being Lazy [View all] brooklynite Feb 2021 OP

I don't invest myself, directly, in the stock market. ananda Feb 2021 #1

I am not a financial wizard PJMcK Feb 2021 #2

I've got a nice little portfolio. cwydro Feb 2021 #3

I'm a terrible gambler.... Happy Hoosier Feb 2021 #4

Yep. When I retired in 2010, we started with a financial adviser NRaleighLiberal Feb 2021 #5

I hve been putting my retirement savings into Vanguard for decades DBoon Feb 2021 #6

I must be an outlier then. BSdetect Feb 2021 #10

If you have the money, it is a no brainer to be in the stock market. cbdo2007 Feb 2021 #7

Your calculation does not seem to allow for taxes on dividends? BSdetect Feb 2021 #8

You'd pay the same taxes on bank interest or any other earnings... brooklynite Feb 2021 #11

What about investing in something great for the planet, like renewable energy? Beakybird Feb 2021 #9

How much do you know about the renewable energy industry? brooklynite Feb 2021 #14

Tiaa cref has a social choice mutual fund JT45242 Feb 2021 #16

That is the smart way JT45242 Feb 2021 #12

Use vanguard, invest in target retirement funds or S&P index fund... can confirm. dsp3000 Feb 2021 #13

No funds here. I invest in high quality stocks with a record safeinOhio Feb 2021 #15

I sold all my traditional stocks ($37,000) and bought ETHE and BITCOIN Iwasthere Feb 2021 #17

I have an excellent financial advisor. PoindexterOglethorpe Feb 2021 #18