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I used to trust my bank's investment advice completely, but a bad call on a 'safe' bond fund in 2022 cost me over $2k.
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terry_mitchell5mo ago
Ouch, that's brutal. My bank pushed a similar "stable" fund right before rates went up. Lost a chunk too. Their idea of safe and mine are totally different now, lol. I just do my own research now.
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nina8345mo ago
Happened to my mom with her credit union, they called it a "secure income" fund. It's like they have a whole dictionary for "this won't grow but it might still lose money." I feel you, @terry_mitchell. Now I just read the fund's actual reports to see what it's really holding, not just the fancy name they give it.
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sandra1465mo ago
Yeah, that's the thing, right? What did they even call it? Like a "capital preservation" fund or something? I got burned on one that was full of long-term bonds, which tanked when the Fed moved. So what kind of research are you doing now? Are you just sticking to basic stuff, or did you find some good places to learn?
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