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My brother-in-law said 'just buy the ETF and forget about it' three years ago... I wish I'd listened
Back in 2021 I was sitting on $15,000 cash and trying to pick individual stocks. My brother-in-law Mike, who works at a plumbing supply, kept telling me to just dump it all into VOO and walk away. I thought I knew better. I bought some random electric vehicle stock and some cloud computing thing I saw on Reddit. After two years of panicking every time the market dropped and watching my picks tank 40%, I finally sold everything and threw it into VOO. That was 14 months ago. My account is up 22% and I barely check it now. The stocks I picked? Most of them are still down. Has anyone else had to eat crow after ignoring the boring advice from a family member?
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patricia5585mo ago
Did you ever tell Mike he was right or just pretend it never happened?
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the_nathan5mo ago
Pretend it never happened" is basically my life motto lol.
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drewgonzalez5mo ago
Did Mike ever tell you about how many people lost their shirts in 2008 just buying the whole market?
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