Reply to How old were you when you bought a house that is $1.2m+

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[quote=Anonymous]If I had bought amazon stock 2001 or Netflix, or even apple when iphone come out, I'd have the house. Ofcourse I had the $3000-$5000 it would've taken to make it happen, and it wasn't even that I wouldn't have picked out those stocks.
It was several other things- thought the stocks are only for the rich and wasn't really sure where to go to buy them. No Schwab on every corner asking to open an account like banks did with checking and savings accounts. When I finally opened an account after reading Kiplinger, I bought SCHD I think or one of their ETFs. While it was lovely, it did not match my risk tolerance at all. I put in the $3000 and would have like to take some crazy chance.I was willing to lose it all in and individual stock since my risk tolerance is very high. SCHD is for those who are putting $3000 in every year for the next 30 years, and I wasn't going to do that.
Fast forward 12 years, I'm willing to take some risk again with $6000 this time and Fidelity puts me into another fund in Roth IRA. Their Idea of " I'm willing to lose the money" is
90% stock/10% bond I believe. My idea was some upcoming awesome company, but since I've never invested in individual stocks I didn't even know how to do it. Luckily i had more money to invest this time, like $90k after selling a condo.
I get laid off in March 2020 and look around on youtube to kill time, and get those youtubers talking about individual stocks. I see the market go down and right up. A lot of the youtubers were talking about Tesla.  Tesla wasn't my first buy; Baba was. I knew somehow that I need to diversify though. Had never bought an individual stock, but somehow I knew to diversify. So I did. I bought everything in sight- MSFT, Tesla, FB, BABA, Nokia, Qualcomm, Novavax, Zoom- and many more. Ended up selling most of them for profit and going almost all Tesla before split.
Now I even own Bitcoin and Etherum. Long story short, I might have the money to buy the house soon.
Not buying though. Bad time to buy a house while account growing $30-$50k a month. I don't mind a pullback.
How could I be so far removed from stock market from 1997-2020? I was a foreign student with no rights to work; then came 2 economic downturns when I had no money to invest, and then I got into etf's which grew really slowly.  Etfs would have been fine if I had had a regular job with 401k that invests in ETF, but I never had a job with 401k.I was a waitress my whole life- very removed from stock market and finance, though I budgeted and read many finance books. All books talk about 8-10% year and being frugal. Not one said that a stock can go from $7 to $550. Would have gotten my attention in a minute. Want to know a joke? Netflix went from $7 a month to $10 for subscription. I was 'fighting the company' and I cancelled the subscription. Had i stayed in, I would have had better chances of noticing that this company was going somewhere. When I got out, I also forgot about Netflix even as blockbuster closed.
I ended up taking money out of Roth and putting that also into Tesla. Should have never been in there after I said I "was willing to lose it". 
If all goes well, I can afford the house in 5 years.Yes, the 1.2-2 million house.[/quote]

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