• Lv_InSaNe_vL@lemmy.world
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    16 hours ago

    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.

    • ipitco@lemmybefree.net
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      16 hours ago

      $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

      • Lv_InSaNe_vL@lemmy.world
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        16 hours ago

        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.
        • ipitco@lemmybefree.net
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          16 hours ago

          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

            • ipitco@lemmybefree.net
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              15 hours 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”