This is probably not the strongest strategy/plan. But any plan is better than none. I was just visiting my younger cousin and to use a meme, he actually has tears in his eyes 24/7 that there's not enough money and is afflicted by this bias of not being able to save. That's nonsense, of course. I recommended to him: The Richest Man in Babylon by G. C. Clarson as a first step and called a spade a spade: ETF savings plan, even with a small amount (time is leverage). He has probably forgotten it again and will never invest. Therefore, even a supposedly weak plan is a good plan. Weak is an exaggeration, but you know what I mean.
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@Iwamoto With your cousin, however, the problem doesn't seem to be strategy or a plan, but a lack of impulse control (when making purchases), a lack of will to save or simply too little income...
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•@KevinE one way or another. That's why any plan is better than no plan.
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@Iwamoto Thank you for your message and your feedback. Why do you think my plan is weak and what would be a good strategy for you?
LG Max
LG Max
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•@Max095 weak is a big exaggeration, sorry. I am not convinced by the first ETF.
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@Iwamoto Okay thanks for your feedback 😊 which ETF would be your favorite and why are you not 100% convinced by Fidelity?
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