![]() Don't sell in the dips, don't sell in the crashes, don't sell until you retire. It's not a big difference either way, so my advice is to have a set amount of money come out each month and invested into your Roth IRA.īuy and hold. There's been research that says putting in all the money for the year at once often leads to even better returns. The theory is that dollar cost averaging will help you buy more shares when the price has dropped and fewer shares when the price is way up. Investing amounts at regular intervals is usually best. That can be unhealthy and take time away from work and family. People can get obsessive about checking on their holdings. ![]() Any more than that and it takes too much attention to follow them and see if there's anything to be concerned about. I try to keep my portfolio to 3-4 different ETF's max. You might pickup some great bargains along the way if you watch for them. Funds that are concentrated in one area are more volatile. Some believe clean energy will do well over the next decade. I'm still a believe that tech will do well over the next number of decades. As we see lately, perhaps its lead is coming to an end, or it's just taking a break. The tech sector has outperformed for quite some time. For me, having VGT as a portion of my portfolio 5+ years has really helped my portfolio grow. There are many people (myself included) that believe we have some talent to identify sectors of the market that will (hopefully) outperform the overall market for a period of time. If you could only buy one ETF and keep it for the next 50 years, VTI is a great choice. It's putting your eggs in a basket that has around 3640 different companies, many of them with lots of international exposure. It's not really putting all your eggs into one basket. For various reasons, Vanguard is a favorite. ![]() I'd suggest using Vanguard, although Fidelity and a few others would be fine as well. Great questions and welcome to a fantastic journey.Īre you in the US? If so, it is a very good plan to open your retirement account as a ROTH IRA. Congratulations on being able to learn change and fight for your family and a better life. Congratulations on living a full and dynamic life where you are able to confront your fears and admit mistakes, even when the extenuating circumstances around your mistakes aren't your fault.Not exactly investing related but just in case you don't already know about it, you should read this too.Start with these two books to learn about investing: The Simple Path to Wealth by JL Collins and The Little Book of Common Sense Investing by John Bogle.Not knowing anything about investing is average. The majority of normal, everyday people, do not know the first thing about investing.This is a super power that will propel you forward. It is also the first big step towards learning. Admitting ignorance is a power that many people lack.Thank you for sharing your personal story.Later when you're a seasoned investor, if you want to have your shot at individual stocks or crypto, or whatever is "hot" at the time, keep it under 5 to 10 percent of your account incase it doesn't go well. It's one of the best books to give you a foundation for investing.ĭon't let people convince you that Crypto or some other high risk investment is your ticket to millions. Read this book: The Simple Path to Wealth. Sometimes it takes a few months, sometimes a few years. It will drop significantly a few times during your investing life. Have more money? Do the same in a taxable brokerage account. Do this for the next 50 years and you'll have a nice retirement. Pick one and keep investing $500 every month to meet that $6000 limit. What to invest in? The ETF "VTI" is a fine choice. Next, fill up your Roth to the $6K limit each year. ![]() Set aside 3 months expenses in an emergency fund. > Verliere ich irgendetwas wenn ich noch ein Jahr warte? Weil? Wenn du natürlich mit dem Geld noch fett Party machen willst, so tue es. > wäre es sinnvoller zu warten bis ich mit dem Studium fertig > Meint ihr es wäre sinnvoll sich jetzt "schon". Lass auf jeden Fall noch einen Teil übrig als Puffer. Dafür kannst du jetzt mit Kawuuum vieles nachholen und auch überholen. > das Geld aber immer auf dem Girokonto liegen lassen Oder wie es /u/xaomaw/ geschrieben hat, doch mit Cost-Average-Effekt in den Markt (wenn du dich wohler fühlst). Kostolany über Geld nachdenken ist auch super! Mindset. Lesen: und dann auf D anwenden (US Abschnitte überfliegen), auf den Cost-Average-Effekt pfeiffen, und ab in den Gral. Nun habe ich es lange hinausgezögert mich wirklich intensiv mit meinen Finanzen auseinander zusetzen.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |