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Cake day: July 9th, 2025

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  • 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


  • They could also make you invest in their partner companies (or even their own) and have themselves invested prior to that in the same company, then sell later, making them a bigger cut, or similar schemes. What I mean is that it’s not that simple.

    overall their work is not that hard and statistically doesn’t pay off, at least in the past years

    They’re trying to stay relevant, but ETFs are now the main way of investing and are providing more interest than picking niche fields. They’re doing what they can to stay relevant, but it doesn’t really work. They still need to complexify a bit your investments to make it seem like they’re doing something useful


  • ipitco@lemmybefree.nettoLemmy Shitpost@lemmy.worldstock market
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    12 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



  • ipitco@lemmybefree.nettoLemmy Shitpost@lemmy.worldstock market
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    12 hours ago

    Understandable, but they also have conflicting interests, which is that THEY want to make money

    if you look at the average return rates of managed investing vs unmanaged, you’ll see that you earn more by yourself with pretty much equal risks

    I suspect many investment companies have deals or interest in making you invest in specific companies even though they’re not that profitable

    It’s a bit like everything: food sold already prepared has a nice taste, but not always the best composition and is less worth it than doing it yourself, but if you don’t pay attention enough, you can fuck up your meal. If you are careful, you’ll make much more by yourself and it’ll still have a nice taste. Yes, this comparison doesn’t bring a lot but specialized companies aren’t always the best way of going, and that’s currently the case for investments and stocks