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What's the worst financial decision you've ever made? (lemmy.world)

submitted 6 days ago by Return_of_Chippy@lemmy.world to c/asklemmy@lemmy.world

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Doesn't have to be thousands of dollars. Just a thing you spent money on that turned out to be a complete waste.

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[-] redkid1324@sh.itjust.works 3 points 6 days ago* (last edited 6 days ago)

That's an interesting game but it assumes the same amount either in or out all at once. Not what I'm describing where each month you invest a set amount into the market each time. This is what 401ks do. While the beat the couch is pretty cool it doesn't take into account the dollar cost averaging aspect. It's all in or all out. It's not in, then buy more, then buy more, then buy more then buy more etc....you get the picture.

Having said that it is absolutely true that time in the market is better than timing the market.

[-] Trigger2_2000@sh.itjust.works 1 points 5 days ago

I fully agree it's not a complete stock market model, but I don't think It claims to be.

I don't remember it addressing what happened to dividends paid; are they just banked, reinvested, etc.

[-] redkid1324@sh.itjust.works 2 points 5 days ago

It's certainly a cool tool

this post was submitted on 20 Sep 2026

154 points (98.7% liked)

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