by Anura Guruge
on June 19, 2023
It is NOT great BUT at least we have made a BIT of money. Always, BUT always, better than losing money.
I set this fund up for her, at ‘Fidelity‘, in 2015 when she was 9. After scrimping & saving I was able to give her (a mere) $13,500.
I was too poor then (& I still am) to hire a Financial Advisor. Plus they charge …. WOW_wee. Paying those kind of commissions, fees, etc. etc. etc. are FINE when you are rich. But, rich is only a word I read about.
I had NO idea as to what I was doing.
All I knew was that I would ONLY invest in things I KNEW & maybe used.
In 2006, a then 80(+) year old neighbor told me to buy AT LEAST 1 share of ‘Apple‘ (AAPL). I bought a ‘couple’. I had done OK with them by 2015. So, I bought some for my daughter.
I do 95% of my shopping on ‘Amazon‘. I had bought a ‘few’ AMZN shares in 2012 & was doing OK. So, I bought her a few.
‘Google’, ‘Microsoft’ & ‘Netflix‘ were no brainers. We used them. So, I bought her a few.
I have been in computers since 1969. I know a few things about computers. I was aware of ‘Nvidia’ (NVDA) & ‘BroadCom’ (AVGO). I had been using NVDA video cards in my PC for at least a decade. I bought her some.
Then I forgot about it. Yep, that is something else about my investing. I AM LAZY. Plus, I have never understood how to ‘SELL HIGH, BUY LOW‘. I just BUY, HOLD & FORGET.
Hence why we are not doing that GREAT. But, we are OK. We haven’t lost any money. So, I am happy.
Oh, to be able to AFFORD a good Financial Advisor. Well, that is like wishing I could afford silk underwear.
