Back in 2007-2009 I didn't listen to my advisor when I panicked and wanted my Measly $60K I had build up in 100% technology. When it dropped over 50% I told him to sell and "diversify" like he's been preaching. I insisted on getting out before I lost more. Of course, he had to do what I said, before my wisdom I have now. I would have gained way MORE than I had lost had I just stayed in the market. I did however buy 3 homes then all under $95K which has made me a multi-millionaire in retirement, and a bit before. I now preach be diversified and stay the course. I started investing in my 403B with only $10 a that was all I could spare raising 2 girls on my own. As I got raises, I increased my funding. Starting and making it automatic is the key. You'll "live" just fine on the rest.
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Back in 2007-2009 I didn't listen to my advisor when I panicked and wanted my Measly $60K I had build up in 100% technology. When it dropped over 50% I told him to sell and "diversify" like he's been preaching. I insisted on getting out before I lost more. Of course, he had to do what I said, before my wisdom I have now. I would have gained way MORE than I had lost had I just stayed in the market. I did however buy 3 homes then all under $95K which has made me a multi-millionaire in retirement, and a bit before. I now preach be diversified and stay the course. I started investing in my 403B with only $10 a that was all I could spare raising 2 girls on my own. As I got raises, I increased my funding. Starting and making it automatic is the key. You'll "live" just fine on the rest.
Post: Carrying Humble Dollar Forward
Link to comment from April 11, 2026