Originally posted by TheDangerZone
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Originally posted by MPMD View Post
this.
i know an ER doc (also a real one, he also showed me the balances) who bet his entire nest egg on a single stock, at the age of 59.
he bought at about $4, company is now bankrupt.
it was a sure bet.
all that being said, OP good for your friend.
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Originally posted by CordMcNally View PostIt’s more impressive that he doesn’t have more after starting to invest in 2016. I’m guessing he wasn’t able to put much in during residency.
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Is 1 million dollars worth more/more impressive when you write it as 1 MILLION DOLLARS?
I also think it’s funny when people say things in fractions of a million to make it sound more impressive. That house is HALF A MILLION DOLLARS! He has A QUARTER MILLION DOLLARS in debt from medical school. Just say the amount.
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Originally posted by nycEMMD View PostBTC is still early, crypto as a whole is still early, we've likely reached early majority during this bull cycle in the technology adoption life cycle but that's still early. You can still invest, you will still make money, you will still have much better returns than any other traditional investment at this time
So so glad I learned that lesson with my own money before becoming a financial planner and charging people money for this advice. Unfortunately, investment advisors who haven’t learned yet (and never will) are pretty easy to bump into. And I bet some of your colleagues are recommending them.Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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Originally posted by jfoxcpacfp View Post
Why does this sound so familiar? Of course! I was watching CNBC nonstop in early 2000. And up to my eyeballs in Yahoo investing forums.
So so glad I learned that lesson with my own money before becoming a financial planner and charging people money for this advice. Unfortunately, investment advisors who haven’t learned yet (and never will) are pretty easy to bump into. And I bet some of your colleagues are recommending them.Last edited by nycEMMD; 10-22-2021, 05:24 PM.
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I think you'll find a lot more happiness in your life if you can learn to be content with what you have. It allows you to be a better friend too if you can just share in the successes ( and the failures) of those around you. I'm guessing you have a lot of good things going for yourself op. Focus on that!
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for fomo, try taking the bigger view that you are both doing better than most of the world financially. i try to avoid it by not asking about the finances of my friends.“. . . And the LORD spake, saying “First shalt thou take out the Holy 401k. Then shalt thou save to 20%, no more, no less. 20% shall be the number thou shalt save, and the number of the saving shall be 20%. 25% shalt thou not save, neither save thou 15%, excepting that thou then proceed to 20%. 30% is right out . . .””
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