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Reply to "What were your biggest financial mistakes?"
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[quote=Anonymous]Investing in time horizon mutual funds in 401k. Just buying the S&P since I entered the work force in 1995 would have meant being much closer to retirement targets… years and years closer. Buying things that underperform the S&P when you’re in your 20’s and 30’s and even 40’s doesn’t make sense when you don’t plan on accessing the money until you’re 59 1/2 or older. Just dollar cost average into the S&P. Look at any dip in the S&P and the recovery no matter how bad the crash… 1987 crash, 1999 dot com crash, 2008 crash, 2020 covid crash, and if you just held the S&P it came back relatively quickly or at least outperformed most everything else, because American business and economy is going to adapt and come back.[/quote]
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