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My dad talked me out of the decade’s best investment, but he wasn’t wrong

The worst financial advice I ever got also happened to be correct.

This was in the fall of 2007. I was fresh out of college and had just started at my first full-time job, an entry-level reporting position where I covered corporate news and stock price movements, areas of the world I had little direct experience with. The nature of my beat made me interested in the market, and after a while I had the idea to save up $5,000 and invest it. I remember thinking that this would be a graduation and employment gift to myself as much as an investment; I figured I’d be more invested in my job if I had some skin in the game, and if I made some money in the bargain, all the better.

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