Comment

THEY want to make money

Yes, but they make money when I make money. I pay like $750 per year to keep my account open, but other than that he only takes a percentage of my monthly gains. The more money he makes me, the more money he gets from me.

And yes of course I could do enough research to match or very them in gains and I could spend enough time watching the markets to make sure I am making sound decisions. Or I could just pay someone a few hundred bucks a month to do it for me. I know what decision I chose.

source

Sort:hotnew top

ipitco@lemmybefree.net ⁨1⁩ ⁨day⁩ ago

$750 per year to keep my account open

WHAAAAAAT

The thing is it’s relatively simple in the most part. Just invest in a couple mainstream ETFs and boom, no need to be fancy or taking some time after that

source
- Lv_InSaNe_vL@lemmy.world ⁨1⁩ ⁨day⁩ ago
  I think you missed three facts that I keep trying to hammer home.
  
  I genuinely don’t care enough to do research and spend time watching the markets. I’m fortunate to have more money than time these days so $750 is worth vastly less than me doing it myself.
  
  It’s safer. This is a huge % of my life savings were talking about. I don’t trust myself to do it.
  
  I don’t care. At all. In any capacity.
  
  source
  - ipitco@lemmybefree.net ⁨1⁩ ⁨day⁩ ago
    
    It’s safer. This is a huge % of my life savings were talking about. I don’t trust myself to do it.
    
    I can understand it, and respect your decision. At that point when we’re talking about such amounts, it’s better to offload this mental stress to a reputable company, even if it means a bit lower interest rates
    
    source
    Lv_InSaNe_vL@lemmy.world ⁨1⁩ ⁨day⁩ ago
    Thank you. You are the first person to actually understand what I am trying to say.
    
    source
    -> View More Comments