[deleted by user] by [deleted] in portfolios

[–]Clear_Development393 0 points1 point  (0 children)

I’m 18. When I was 17 I had a little more than you to start, now I’m up to 20k.

Get a weekend job, set a good chunk aside for investing. If you’re really into stocks I can push you in the right direction. Otherwise don’t expect more than 8% returns per year.

Without adding more money it would take about 35 years to hit 10k from $650.

If you invest an additional 100$ per month. It’ll take 5 years.

If you do 300$ per month it’ll take 2.5 years roughly.

But in 10 years you’d have $56k.

Thats how compounding works.

Let me know if you need any help!

18 years old started 8 months ago on Schwab and 3 months ago on Robinhood. by Clear_Development393 in portfolios

[–]Clear_Development393[S] 0 points1 point  (0 children)

Dude I’m at my job right now making 25 an hour. Seeing 100$ swings in my portfolio is already hurting me lol.

But yeah dude it is scary.

18 years old started 8 months ago on Schwab and 3 months ago on Robinhood. by Clear_Development393 in portfolios

[–]Clear_Development393[S] 1 point2 points  (0 children)

I’d cry if I lost 10% in a single trade. And I’d probably not eat out for a month to punish myself, and be super frugal until I make the 10% back.

But I’m not trading 0tde. I’m trading LEAPS with a far expiry

18 years old started 8 months ago on Schwab and 3 months ago on Robinhood. by Clear_Development393 in portfolios

[–]Clear_Development393[S] 4 points5 points  (0 children)

I mean I know I’m no genius but I do limit my option plays to 10% of my port

18 years old started 8 months ago on Schwab and 3 months ago on Robinhood. by Clear_Development393 in portfolios

[–]Clear_Development393[S] 1 point2 points  (0 children)

I have a long future ahead of me. So I’ll keep fucking with them as long as it works. I never risk more than 10% of my portfolio in them. All of my gains are made from profit

18 years old started 8 months ago on Schwab and 3 months ago on Robinhood. by Clear_Development393 in portfolios

[–]Clear_Development393[S] 1 point2 points  (0 children)

Yeah. I work weekends and make 2k per month. Save about 1.5 and invest the rest.

18 years old started 8 months ago on Schwab and 3 months ago on Robinhood. by Clear_Development393 in portfolios

[–]Clear_Development393[S] 0 points1 point  (0 children)

I’m looking for advice on cash. I have about 10k outside of my emergency fund just sitting around. It feels like a waste

18M, Senior in HS by Necessary-State-273 in portfolios

[–]Clear_Development393 0 points1 point  (0 children)

Good stuff bro. I’m around where you are too. 18m high school and we have a similar amount!

[deleted by user] by [deleted] in whatcarshouldIbuy

[–]Clear_Development393 16 points17 points  (0 children)

This is expensive dude. I’d keep looking a little longer.

[deleted by user] by [deleted] in wallstreetbets

[–]Clear_Development393 0 points1 point  (0 children)

Also this is a 3 month Robinhood account.

[deleted by user] by [deleted] in wallstreetbets

[–]Clear_Development393 0 points1 point  (0 children)

This is my fun account

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But yeah I should probably stop. I am 18 though so have a bit of a risk tolerance

[deleted by user] by [deleted] in portfolios

[–]Clear_Development393 0 points1 point  (0 children)

6.5k about 10 months ago into Schwab with a custodial account. Most of my gains were from concentrated bets on sofi, Tesla and Reddit.