Not maxing out my 401k in my younger years 20's through 40's. I would have had more money because of the magic of compound interest. I started maxing out my 401k in my late 40's.
Saving instead of investing. I saved a lot of money in my saving accounts instead of investing it in the stock market. I was fearful of loosing money, so I put money in a savings account. Now that I understand how the market works, I could have put most of it in an index fund with better returns. It did not take me long to learn this lesson, but just wish I knew it all along.
Comments:
2 regrets
Post: What do you consider your greatest financial mistakes?
Link to comment from September 17, 2022
RayRayyy 90K annually is a great return. Can you list some specific examples of your REITS and EFTs you selected?
Post: What’s the best strategy for generating retirement income?
Link to comment from September 17, 2022