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[–] 1 point 1 year ago (5 children)

THEY want to make money

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.

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  • [–] 2 points 1 year ago* (4 children)

    $750 per year to keep my account open

    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

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  • [–] 2 points 1 year ago (3 children)

    I think you missed three facts that I keep trying to hammer home.

    1. I genuinely don't care enough to do research and spend time watching the markets. I'm fortunate to have more money than time these days so $750 is worth vastly less than me doing it myself.
    2. It's safer. This is a huge % of my life savings were talking about. I don't trust myself to do it.
    3. I don't care. At all. In any capacity.
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  • [–] 2 points 1 year ago* (2 children)

    It’s safer. This is a huge % of my life savings were talking about. I don’t trust myself to do it.

    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

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  • [–] 2 points 1 year ago (1 child)

    Thank you. You are the first person to actually understand what I am trying to say.

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  • [–] 1 point 1 year ago

    ❤️

    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"

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