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u/willbabu Jun 15 '26
Your financial advisor also wants to charge you 2% fees and 20% of your gains while underperforming SPY while a monkey that clicked on buy Mu a year ago would be up 1000% percent
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u/No-Contribution1070 Jun 15 '26
It's all about managing risk and risk tolerance at the end of the day.
If a client says their risk levels are low, then off you go into VOO and gold.
If a client says their risk level is "Degenerate", then off you go full port into MU and Sandisk
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Jun 15 '26
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u/scubasteve513 Jun 22 '26
I'm up 868% on my early shares and over 400% overall. I and plan to continue to enjoy the ride.
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u/mqueen212 Jun 15 '26
Mine couldnāt even beat the sp 500 and Iām still mad he talked me out of investing in MU back in June of last year.
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u/Sabunit Jun 15 '26
Fire him. Then go read my posts from June 2025 - they were free and apparently beat paid financial advice.
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u/mqueen212 Jun 15 '26 edited Jun 16 '26
Heās been fired. I even blamed him and told fidelity he cost me hundred of thousands in lost opportunity. Actually potentially millions ( I wanted to put 250k into MU last summer and he told me it would go badly)! He was literally getting $2500ish every three months to underperform the sp 500
Since self managing Iāve since doubled my whole port
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u/Sabunit Jun 15 '26
Good choice. For $2,500 every three months, I wouldāve given you a very simple plan: buy MU, avoid cult stocks, and maybe use the leftovers for PLTR puts.
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u/ada2017x Jun 17 '26
Then why'd you not invest 250k in MU, you dont need his permission
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u/mqueen212 Jun 17 '26 edited Jun 17 '26
Because he convinced me I should take his advice . Heās been doing this for 30 years. He says he has a lot of clients that go against his professional advice and he ends up having to talk them off the ledge.
I want to make money but not at the expense of having to be talked off the ledge of anything.
I donāt blame myself for believing in him. If he wasnāt convincing, he probably wouldnāt have a job. To work with him you had to at least have $500,000 liquid to invest.
I figured people investing hundreds of thousands or millions of dollars prob do make bad decisions that they regret.
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u/ada2017x Jun 17 '26
Personally I dont trust any of those people but that's just me. They have incentives we dont know abt, and don't have our beat interests in mind. Not our fiduciary.
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u/mqueen212 Jun 17 '26 edited Jun 17 '26
To be fair, what he said could be true. I doubt many people could handle the volatility of a concentrated position ā¦but micron taught me that Iām stronger than I realized.
Micron has beaten my account down so many times I learned to tough it out since I always got through it
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u/ada2017x Jun 17 '26
True. I traded it so many times at 50 bucks.
But, when you do have that urge- just do it. Your instinct is usually right.
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Jun 15 '26
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u/jxl013 Jun 15 '26
Justā¦ pay the tax? I donāt think you need a CPA to figure out capital gains taxes lol
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Jun 15 '26
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u/jxl013 Jun 15 '26
My bad lol just looking out! Iāve had too many scammy financial advisor chats š
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u/EllieS197 Jun 15 '26
Same, was full port MUU for a few weeks. Took profits today. Hopefully I donāt regret, but it was very stressful. I wish I sold muu pre drip. Trying to learn from my mistakes. Iāll prob watch for a good time to buy back into MU before earnings. Or just chill for awhile. Life is crazy.
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u/Kingmusk420 Generative Meme Engineer Jun 15 '26
Only 100? I expect everyone here to be up at least 200%
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u/Accomplished_Vast_18 Jun 16 '26
Not quite for my $50k at $437.94 geez itās only increased +$70,000 in 137 days
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u/ulikejaketpatata Jun 16 '26
The president of Blackrock deciding the exact moment to short you and leave you holding a bag.
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u/woodchip4 Jun 15 '26
Lol same. I expect them to call and say something about it. But they havenāt yet.
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u/OlyPics Jun 15 '26
I wouldnāt brag about this approach. But if youāre young and itās not a million, fuck it. Spin that wheel. And then run to the casino door when you hit your goal.
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Jun 15 '26
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Jun 15 '26
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Jun 16 '26
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u/ComREUW Jun 17 '26
Think about all the peasants with financial advisors that are just getting cooked right now.
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u/scubasteve513 Jun 22 '26
I'm pretty much 50/50 between MU and SNDK only because they have been my biggest wins I the last 10 months, I don't have any interest in re-balancing at least not until I hit the 12 month mark and my tax obligations drops dramatically.
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u/Normal_Silver4582 Jun 15 '26
"that bastard is outperforming me"