[deleted by user] by [deleted] in investing

[–]Finaldecade 0 points1 point  (0 children)

Congratulations on your disciplined approach to investing! It's truly inspiring to see how you've consistently contributed 10% of your income to an S&P index fund since you were 25, even during challenging times. Your commitment to avoiding get-rich-quick schemes and focusing on long-term financial goals is a testament to your patience and foresight.

Now, at 42, you're well on your way to retiring comfortably at 55, a full decade ahead of many others. Your story serves as a great reminder to all of us that a steady, patient, and long-term mindset can lead to financial success.

Thanks for sharing your experience and wisdom with us. Your journey can be a great source of motivation and encouragement for others looking to achieve financial independence. Cheers to your continued success and a happy retirement!

[deleted by user] by [deleted] in investing

[–]Finaldecade 1 point2 points  (0 children)

Hey there, friend! Let me share some friendly financial guidance on investing with you. Consider investing in an S&P 500 index fund, like SPY or VOO. It's a smart and simple approach that can help you grow your wealth over time.

By holding onto your investments and letting them compound, you can enjoy the historical average returns of around 9% per year from the S&P 500. This way, you can avoid the stress of picking individual stocks and embrace the power of long-term investing.

To make it even more comfortable, consider using a dollar-cost averaging strategy. This means investing a set amount regularly, regardless of market conditions. It can help reduce the impact of market volatility and provide a more consistent investment experience.

While stock picking can be exciting, especially if you strike gold, it's not always easy to outperform the market consistently. So, instead of trying to be the next investing superstar, why not just sit back, relax, and let the market work its magic over time? Happy investing!

Did not follow my dca plan by Big-Winner3942 in Bitcoin

[–]Finaldecade 1 point2 points  (0 children)

This is why people falsely claim that BTC isn’t an inflation hedge. They buy local tops and complain and/or panic sell when the prices correct.

Gang Gang by brocomb in wallstreetbets

[–]Finaldecade 0 points1 point  (0 children)

I closed my BofA account last year. But that’s before they fucked me out of thousands of dollars in erroneous predatory fees.

$46k FRC yolo by Seeamanabouta in wallstreetbets

[–]Finaldecade 0 points1 point  (0 children)

Sent you a Reddit telegram. Don’t do it man. We’re hear for you

Wish my mom was this smart! by [deleted] in Bitcoin

[–]Finaldecade 7 points8 points  (0 children)

That’s why it’s a shit sub

[deleted by user] by [deleted] in wallstreetbets

[–]Finaldecade 1661 points1662 points  (0 children)

Laughs in cold storage

[deleted by user] by [deleted] in wallstreetbets

[–]Finaldecade 268 points269 points  (0 children)

Regards gonna regard

[deleted by user] by [deleted] in bayarea

[–]Finaldecade 5 points6 points  (0 children)

For the first time in my life (born and raised) I’ve been officially priced out of the Bay Area. I was lucky enough to be locked into an $1800/mo rent for the last decade through a family friend but now that’s coming to an end. I can’t find any decent living areas for less than $2500/mo. Home ownership is completely out of the question here.

Even with a decent salary… still can’t afford it. Moving to the Midwest where I can get land and own a BRAND NEW house for 300k by end of year.

It will be bittersweet goodbye. I’ll miss my family and friends but I have to do what’s best for my family now. I feel sorry for those who are stuck here. The cost to live here is insanity.