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You got my upvote for this one sentence: Trying to "get rich quick" is also an easy way to "get poor quick." I bought individual stocks, made a lot of money in
by swalsh 11y ago
You got my upvote for this one sentence: Trying to "get rich quick" is also an easy way to "get poor quick."
I bought individual stocks, made a lot of money in a short time, then lost it just as quick. So i moved to leveraged mutual funds. Made crazy money real quick, than slowly lost it as the market became more volatile. Then I switched to just plain old index funds. I make a modest return in comparison to those leveraged funds, but when the market turns, I've lost less than a modest amount, so overall it has proven more profitable.