fool@programming.dev to Asklemmy@lemmy.ml · 20 hours agoWhat advice have you heard or tried that was just flat-out wrong?message-squaremessage-square31fedilinkarrow-up161arrow-down10file-text
arrow-up161arrow-down1message-squareWhat advice have you heard or tried that was just flat-out wrong?fool@programming.dev to Asklemmy@lemmy.ml · 20 hours agomessage-square31fedilinkfile-text
minus-squareandrewta@lemmy.worldlinkfedilinkarrow-up10·17 hours agoWhen you start investing, just put your money in and just don’t worry about it. It’ll grow. Just keep adding to it. You’ll get there. Probably some of the dumber advice i’ve received. You have to look at your Stocks. You have to look at your 401(k). You have to look at your investments. Unless you like to wake up one day and discover you don’t have enough money. Then go ahead and follow that advice of just set and forget it. The only one that might make sense with is if you’re putting your money into the S&P. Even then, I still would pay attention to what it’s doing.
minus-squareundeffeined@lemmy.mllinkfedilinkarrow-up30·17 hours agoTo be fair that advice does work for Index Funds which are low risk and meant to be gathering interest over many many years. For stock trading yeah, you have to be on top of things
When you start investing, just put your money in and just don’t worry about it. It’ll grow. Just keep adding to it. You’ll get there.
Probably some of the dumber advice i’ve received.
You have to look at your Stocks. You have to look at your 401(k). You have to look at your investments.
Unless you like to wake up one day and discover you don’t have enough money. Then go ahead and follow that advice of just set and forget it.
The only one that might make sense with is if you’re putting your money into the S&P.
Even then, I still would pay attention to what it’s doing.
To be fair that advice does work for Index Funds which are low risk and meant to be gathering interest over many many years. For stock trading yeah, you have to be on top of things