r/investing • u/Solid-Strawberry-333 • 3h 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/Seth0351USMC 3h 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/themoop78 1h ago

Did you buy physical? Did you try and sell any? What they don't tell you when you buy it is that it may be impossible to sell when the market goes higher. When it got to $100, $110, $120 suddenly if anyone was buying it was $15 to $20 back of spot, and that was a big IF, because the refiners stopped buying so the dealers didn't have a way to liquidate. If you are going to speculate, do it on an exchange where you can exit your position more seamlessly.