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Editor’s Note: This story was originally published on Thanksgiving 2021 and was updated and republished for Thanksgiving 2023. CNN —It was November 1997 and Dina Honour was hosting Thanksgiving dinner for the first time. Courtesy Dina HonourWhen he’d traveled to New York, Richard had been seeing someone back in London. Here's a recent photo of Dina, Richard and family in 2023. Courtesy Dina HonourWhen Richard and Dina first moved to Cyprus, they tried to recreate traditional US Thanksgiving traditions.
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But I ignored her advice to invest in market index funds, worried about losing my money in a volatile market. While she recommends investing mostly in market index funds, I veered toward safer, more conservative options. Like Orman, he recommended several market index funds, and further nudged me toward even more aggressive growth funds. However, if I had instead listened to Suze Orman and invested in a market index fund, like Schwab's S&P 500 Index Fund (SWPPX) or the Schwab Total Stock Market Index Fund (SWTSX), that $20,000 would have grown to nearly $70,000 — that's a swing of almost $40,000. My refusal to accept a reasonable amount of risk limited my downside, preserving my annual Roth IRA contributions.
Persons: Suze Orman's, , Orman, Schwab, Janus Henderson, Roth, Suze Orman, I'd, bitcoin Organizations: Service, Young, Dow, & Napier, Schwab, Market Index, Shelton Nasdaq Locations: that's, Michigan, Seattle
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