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Anonymous

23 Sep 2020

SeedlyAMA

What's the biggest personal finance mistake you made and any lessons for us all?

AMA The Woke Salaryman

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#1 starting relatively late with passive stock ETF investing

#2 investing (small time) into single technology stocks during the dot.com bubble with total losses (Lucent, Worldcom, JDS Uniphase)

#3 letting my broker convert european currency into USD, when TransferWise and competitors can do that with much less fees

otherwise my private buy & hold for ultra-longterm technology focused (rather risky & volatile) strategy worked very fine, I must say, however all the U.S. stocks climbed generally over decades now, so very probably not really my own achievement​​​

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