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Wellness Wednesday for December 27, 2023

The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:

  • Requests for advice and / or encouragement. On basically any topic and for any scale of problem.

  • Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.

  • Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.

  • Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).

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for example, take $50k and park it into 3x tech funds and make $500k as one guy on Reddit did[ 1]

That's not exactly what happened there. Guy kept investing throughout: 8k/month in 2022 and 12k/ month in 2023 (and by implication, several thousand amonth before that as well). He did not just park 50k.

https://old.reddit.com/r/LETFs/comments/18qy7c8/my_net_worth_hit_530k_this_month_thanks_to_fngu/key8dzh

So if the guy started the 2022 with more than 113k (and we have no clue how much investment it took to get here, except that this is down from a high) He could have piled in 200k from 2019 to get to 113. For the next half a year, he kept losing money, WHILE piling in 8k/ month for half a year. But from 2022 to the end of 2023, he's contributed 240k plus his >113k starting point. So over 2 years he invested 353k+ to get to 537k. Still a FANTASTIC gain in 2 years, but not remotely parking 50k as you suggest.