I worry everyday but my goal is to be a multi-millionaire & this is my shot to do it. It’s been a hard couple of months.
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Righteous.
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I've already got a building picked out. It's really more of my back deck, because it's not very high and it goes onto a soft surface. No sense in hurting myself.
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Yes and No. This happens with every extended bull market. Happened in the dot.com crash too. New investors riding the gambling wave while making money. Seems pretty easy until it's not. Retail investors without risk management strategies will get crushed. Lots of lessons are learned this way but it is amazing that people don't study the past to avoid the same mistakes.

I find it fascinating when people have a stock that is currently down significantly for them, say 20%+. They continue to convince themselves that it's only temporary. Meanwhile the stock market indexes are setting new highs. If you are holding a stock that is doing poorly in a bull market, what do you think will happen in a correction? Does it have a chance to go back up? Sure. But the percentages say it's a losing position this far into a bull market.

And most new investors pay no attention to the indexes, but what they really should be doing is comparing their gains TO the index. If after 3-6 months you aren't beating the index in a bull market, you need to re-evaluate what you're doing because passive investing would have gotten you further ahead.
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Meh price has been stagnant. Made quite a bit of profit. Time to move on from meme stocks.
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-10% to +6% in five hours is stagnant?
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Amen to that, brother. I am way too risk adverse to have the courage to do what you are doing. I'll keep rooting for you at a distance though.
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DaFace, this is for you!

My 401k is in the following funds. I recommend index funds for 401k's since generally the expense ratios are super low. It really depends on what your company offers. The company I was with before this had absolutely crap fund options, all mutual funds and very expensive. I was so happy when the new company had tons of Vanguard options.

Vanguard 500 Index Fund - Admiral Class (awesome fund if you have access)
Vanguard Mid-Cap Index Fund - Admiral Class
Vanguard Small Cap Index Fund - Admiral Class
American Century Emerging Markets Fund - Class R6

Expense ratios of .04, .05, .05 and .91 respectively. I am invested 70% in the 500 index and 10% in the rest.

5 year rate of return on these funds is 16.26, 14.60, 14.97, 6.91. I have seen others discuss possibly dropping international exposure as it appears it lags US stocks for decades now for many funds when dollar cost averaging.

100% equities for me given that I am 35. I am not pulling for a market downturn but it would benefit me long term to see a very strong downward move where I just keep investing in these passive funds (maybe even more so).

I have T Rowe Price for my ROTH IRA and they are a bit more expensive for actively managed funds. But many have done very well and I can diversify a bit with 2 funds I like from them, one being a communication/tech fund and one being health sciences.

Expense ratios for the 5 actively managed I have with them range from .68 to .80. Their 5 year rate of returns have been better than my 401k, however. 24.08, 25.89, 20.48, 18.46, 15.05.
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To be honest with you, it’s money I had earmarked for my kids to give to them before I passed on.

I decided that this was an opportunity to get a lot of money to buy a very nice house with beach access & acreage in Maui, where I would live until I died & then will it to the kids to use as a vacation place & have my ashes spread out on the beach so they could always remember me when they were there.

Sorta my legacy to future generations. Ego driven? Probably…but I know the kids would love it & I would love it while I can.
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It’s a beautiful plan and I love the generational caretaking mentality!

I may need my kids sneak onto the property to spread my ashes in the cover of darkness once I pass on as I will not be a Maui land owner. Let me know the address and whether or not firearms are on the property so I can give my heirs the appropriate warnings in my will. :-)
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Just acknowledging that I have seen this and will respond once I'm not on my phone in a few days. :-)
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How about a recommendation for a fund for a 21 year old. Give me a ticker??
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VTI
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VOO is another that I like as well.
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Thanks, I swing trade 5 shares of TSLA in my daughters account and can grab about $300 every two to three weeks so I'll start adding that to her portfolio. Thanks again!
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