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re: What were your life changing investments in the stock market. And how long did it take
Posted on 10/3/26 at 9:41 am to makersmark1
Posted on 10/3/26 at 9:41 am to makersmark1
quote:
My dad told me to pay myself first.
30 years of investing in various stocks and other investments has resulted in the accumulation of wealth.
We got rich slowly.
Started with DRIPs.
This!
This sure worked for me. "Pay yourself First" changed my financial life. I preach it to my kids. I created a doc that I named "Get Rich Slow" to help educate my family.
Posted on 10/3/26 at 10:13 am to Hightower
“Full ported” my emergency fund of $20k into TSLA in 2023 at $142. Sold most of it over $350 and some over $400. Bought a few stinkers but the majority of it into NBIS at $45 and $55. My “emergency fund” has funded 3 years of Roth’s(back into NBIS), $10k of student loans, and another $10k in house upgrades and it’s still over $100k. Still have my “safe” investments in QQQ and S&P in my 401k.
Posted on 10/3/26 at 11:29 am to makersmark1
quote:
My dad told me to pay myself first.
30 years of investing in various stocks and other investments has resulted in the accumulation of wealth.
We got rich slowly.
I have to admit I was told this by a co-worker after I landed a good job. I had a lot of life changes and did not pay myself as much as I should have.
For the past several years I have, and in major chunks. It's now starting to become an avalanche.
I am noticing that getting on base is more important than power swinging for the triple or home run. Sure its fun to try for the homer, but the standard is a base hit. It adds up!
Posted on 10/3/26 at 11:36 am to Hightower
HSA as a young single man from the age of 22 has been a game changer
Posted on 10/3/26 at 1:16 pm to Hightower
quote:Initial investments in Bitcoin and GBTC in 2016. Rode the rollercoaster.
Crypto success stories also welcomed.
Posted on 10/3/26 at 1:31 pm to Hightower
2008. I was solidly invested in the market and fortunately I had money on the sidelines. It was super stressful watching the market drop more than 700 points in a single day during those times of the "great recession".
I stayed invested however and made additional investments as the market was in free-fall. Those decisions ultimately played a major role in putting me in a position to retire early.
I’ll admit though- since then, I’ve never been very good at timing the market. ??
I stayed invested however and made additional investments as the market was in free-fall. Those decisions ultimately played a major role in putting me in a position to retire early.
I’ll admit though- since then, I’ve never been very good at timing the market. ??
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