PortfolioVisualizer.com. I use it to backtest asset classes side-by-side and to see what specific investments did in prior years. I've been using it to see how ETFs performed before 2020. In my opinion, the market will revert to the mean eventually and won't continue to act like it has between 2020-2023, so I exclude the last four years of performance.
Taking an overconfident broker's advice and buying a lot of Lucent at $75/share. It went to 55 cents when the company started missing its earning estimates.
Hiring financial advisors who had a few portfolios to funnel clients into, none of which matched my needs.
Not keeping real estate. I calculated what I'd be worth if I had kept all the property I've owned and it was a classic story of "If only".
Buy prepaid tuition. It cost me $20K per kid when my two children were ten, and that paid for four years of college each. They were in college between 2010 and 2017, and tuition per year at the time was at least my total investment per kid. One kid graduated with $40K in the bank by working multiple jobs during school. The other is still a money pit.
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PortfolioVisualizer.com. I use it to backtest asset classes side-by-side and to see what specific investments did in prior years. I've been using it to see how ETFs performed before 2020. In my opinion, the market will revert to the mean eventually and won't continue to act like it has between 2020-2023, so I exclude the last four years of performance.
Post: What are your favorite financial apps and websites, present company excepted?
Link to comment from February 4, 2024
Post: What do you consider your greatest financial mistakes?
Link to comment from February 4, 2024
Buy prepaid tuition. It cost me $20K per kid when my two children were ten, and that paid for four years of college each. They were in college between 2010 and 2017, and tuition per year at the time was at least my total investment per kid. One kid graduated with $40K in the bank by working multiple jobs during school. The other is still a money pit.
Post: What’s the wisest financial advice you’ve ever been given?
Link to comment from February 4, 2024