ben_w
4 hours ago
Diversify.
My dad advised me to put some money into stocks around 2004 or so, specifically suggested Lloyds bank on the grounds that "if they went bankrupt we have bigger problems".
Then the global financial crisis happened.
The LLOY share price has still not recovered to the price I bought them at. Thanks to share dilution during the GFC, even inflation probably won't bring the price back to the level I paid for them by the time I reach current mean life expectancy.
vunderba
2 hours ago
A lot of my younger friends saw their parents spend countless number of hours trying to time the market with specific stock investments, only to get burned in a similar way.
Most of them have now committed to simple dollar-cost averaging against broad index funds like VT.
pg1
4 hours ago
Yeah, I also got burned by this. I spent three months saving up and invested in Lucid Motors back in 2021, only to lose 98% of my money.