I yelled at my broker. He only cares about me because my brother invests a lot with him. I invested $40K before covid. Shot up to almost $60K. I said sell and we will buy something else. He said it didn't work that way. Keep it in and it will grow. Then covid and russia happened. BUT, he did show me that I've made 6.6% a year and now hopefully nothing rocks the boat and now we are back on track to make 10-20% a year in interest.I'm in the same boat. Gobs to invest and the rates have already dropped again. Not that CD's are that great given the taxes on them, but better than nothing. Playing the stock market lottery with sky high valuations is dicey. Gold is sky high. Commercial real estate forget about it.
But since my home and everything I own is paid for I'm not forced to make a sudden move.
In 7 months I'm going to put that $20K in with the $40K. The $40K is like $55K now. So I'm not too upset. I just don't like the ups and downs. If there are ups and downs, he should have sold when we originally hit $60K, then picked some other good stocks that are going to shoot up.
Do you realize most investment brokers, even with stocks, don't do it that way? They don't buy and sell for you to make you a lot of money. They basically pick 10 or 20 blue chips stocks they think are good, and they don't know shit. I could do it myself. Not sure why in 7 months I'm going to give them another $20K. Maybe just to consolidate it.