wouldntitbenice
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- Aug 13, 2018
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A thread like this means so much more to me than the inspiration or pretty hollow example threads. I don't take comfort in anyone's failings, but it helps to be reminded it happens to smart people.
For me, my dumbest financial decision has been keeping my savings in cash for the day that big opportunity comes, instead of investing it in index funds while I wait. My formal education was in finance, and I've always been a sensible investor, and had I invested one a larger and consistent, but still safe, scale compared to what I did intermittently over the years, I would have hundreds of thousands more in savings. I always feared the right opportunity would come while the market was on a downward swing, and I'd miss it...so instead I missed large parts of the longest stock market gain in history.
For me, my dumbest financial decision has been keeping my savings in cash for the day that big opportunity comes, instead of investing it in index funds while I wait. My formal education was in finance, and I've always been a sensible investor, and had I invested one a larger and consistent, but still safe, scale compared to what I did intermittently over the years, I would have hundreds of thousands more in savings. I always feared the right opportunity would come while the market was on a downward swing, and I'd miss it...so instead I missed large parts of the longest stock market gain in history.