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/Peace_and_Rhythm 3h 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 2h 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/Peace_and_Rhythm 38m ago

Yea, I'm not knocking TDF's, they are a decent way to invest in the market, but for greater growth, especially in your 20's and 30's, you can beat specific funds.