/biz/ - Business & Finance

>>22677488
>tfw holding tqqq/soxl

>>22283126
you clearly dont understand what compounding fees do. ill explain it to you. managed funds like that underperform index funds in 90+% of cases, and make their money charging suckers like you "small" fees of "only" 1-2%. however, just like your money compounds its growth every year (7% one year, then 7% of the new total worth the next year, on and on), those fees grow with it. so 2% of your total account over 1 year is small. over 2 years its small. over 4 years its pretty small. however, if you held your money in a 2% expense ratio fee account for 30 years, you would have lost out on 25+% of possible gains only to underperform the market.
you are willingly being jewed. look it up if you dont believe me. if you truly plan to set it and forget it like you say, making this switch right now is absolutely crucial

>>21222222

It’s actually really easy. I’m moving to Berlin this month to partner up with somebody for a startup, if that fails I’ll probably go on wagecoding for 100k+ whatever

0.083 club here

>>2636666

>2016
>still falling for the fish oil meme

http://raypeat.com/articles/articles/fishoil.shtml