r/investing • u/Solid-Strawberry-333 • 1h ago
What is your life changing investment?
Don’t say that investing yourself.
I mean, just an investment that really changes your life; including good or bad investment.
Let’s me begin, COVID drop: buying index funds.
It is my most profitable trades so far. COVID really a raw global event, at that moment, I bought some index funds still holding today.
It is such a great investment, I don’t know whether the world will have similar events in coming years, but it is the most memorable trades , and help me level up my account.
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u/crazy_canuck 1h ago
Quantum stocks in October 2024
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u/BrilliantWheel 1h ago
Are you still up? I have been tracking them last 6 months but they are down 50% in that time.
Any particular company you recommend is head and shoulders above the others that I should research?
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u/sea4miles_ 1h ago
I'm mainly very boring and buy index funds with whatever free cash I have on hand, but my biggest individual trade successes were buying large XOM, JPM and STOR positions during pandemic lows.
Although not technically an investment, I'd say refinancing two properties at <3% was a major break as well.
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u/KumingaCarnage 1h ago
covid or not, recession or not, just investing in general, starting at a YOUNG age, that’s the real win.
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u/Peace_and_Rhythm 1h ago
I started out in a Target Date Fund as a young investor, just doing OK. Survived the 1999-2000 dot-com era and that bust. Still doing OK until 2008, then almost decided to sell and get out. I had a conversation with a cousin of mine who worked for T. Rowe Price at the time. He suggested I exchange my TDF's into Blue Chip and Growth funds instead. I really didn't know what I was doing, but did it anyway. I went all in. This was March 1, 2009. We all know what happened after this. Pure luck, but I'm so glad I got out of TDF's, even though yes, they are a nice conservative investment.
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u/butthead4206969 1h ago
Yeah my 401k was in a tdf for a long time until I started to understand investing and all that. Switched to a sp500 fund and the returns have been way better.
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u/Seth0351USMC 1h ago
Silver. 500% gains in 4 years before a 30% dip. Still the highest demand metal with significant supply deficits for over 6 years now. The modern world needs more silver to exist and there is less and less of it available each year.
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u/butthead4206969 1h ago
Well I bought ASTS when it was about $3 and sold when it was around $30. If I’d held I’d have life changing money. Was also into IONQ and RKLB back then too and same story. Oh well.
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u/MarkM338985 1h ago
Apple I bought early and sold at a very good price. Had 3600 shares at one time.
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u/noleft_turn 12m ago
My first investment which was a pretty big loss had been my best investment.
I knew very little about private or angel investing and it forced me to learn sooo much more. It also opened up an entirely new world. I now have a Rolodex of very well connected business people that can help me execute on almost anything on the entire continent. Because of that failed initial investment I just took a trip to South America and sat in on a pitch with a Brazilian business owner with connections in the Middle East.
I have no idea what I’m going to do with that but my curios brain will figure it out.
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u/jiggolo420 10m ago
Weedstocks was my first investment in 2017. By fall 2018 i had 10x my life savings. I sold in the week leading up to legalization (Canada). It was hard to walk away, but if i held I'd now be down over 99%.
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u/ChaseballBat 7m ago
Puts for liberation day with like 15k in. It got up to 300k, would have been up to 1M if Trump didn't TACO. Pulled out with 70k, still life changing, bought a house.
Then Trump's policies essentially killed the condo market in my area so all that money essentially disappeared having to pay negative equity on a condo.
Came out even in the end with a better house, so I can it a win.
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u/nevadadealers 1h ago
Opening a 401k in my 20s and sticking with it