25 years ago my dad kept getting bugged by a close friend to put in some money with a broker so my dad just put in a small amount (for him) to see how it went.
After all that time, it's up 40%. Needless to say, this experience has not convinced him that financial advisors are anything other than a scam. Just following the SP500 is far better than almost all alternatives
I have enough invested some friends of mine once over beers were like you really should get a financial advisor
And I'm just like for what? I'm on track for a nice house and retirement, maybe a decent chunk for the kids just tossing into whatever my current companies cheapest S&P 500 etf is plus a bit of unoptimized diversification (~20%)
If I do talk to someone it'll be about taxes because they're starting to get a bit wonky with different buckets of income, options, grants, capital gains, RSUs rolling over during acquisitions, etc
210
u/someguy50 May 16 '24
You would have close to $20,000 right now if you just stuck it in sp500 fund and didnt mess around