This is why I don’t invest. I tried it for a relatively short span of time. It was a large company that isn’t a scam or anything but I can’t remember the name of it. They had three sort of options for investing…1. high risk/reward, 2. Medium risk/reward, and 3. Low risk/reward.
I either picked 2 or 3 or something. Can’t remember which. All that stupid thing did was lose money due to broker fees. I watched the money slowly drop over the span of around a year from “fees” with literally never earning a dime. I thought it was ridiculous so I pulled the rest of the funds.
I instead chose to place that money in a high yield savings account. Does it earn money quickly? No. But it isn’t wildly unpredictable like investing and it will never lose money unless I take money out. Investing isn’t for me.
This is why I don’t invest. I tried it for a relatively short span of time. It was a large company that isn’t a scam or anything but I can’t remember the name of it. They had three sort of options for investing…1. high risk/reward, 2. Medium risk/reward, and 3. Low risk/reward.
I either picked 2 or 3 or something. Can’t remember which. All that stupid thing did was lose money due to broker fees. I watched the money slowly drop over the span of around a year from “fees” with literally never earning a dime. I thought it was ridiculous so I pulled the rest of the funds.
I instead chose to place that money in a high yield savings account. Does it earn money quickly? No. But it isn’t wildly unpredictable like investing and it will never lose money unless I take money out. Investing isn’t for me.