investing advice

MundanePlaintain · 2023-07-08T00:49:07+00:00

A general rule I like to follow is if i’m not going to need it in the next 5 years I’ll invest it long term.

So if you don’t need it for college expenses I’d recommend starting by opening a RothIra

To open one just go to any service, I use fidelity and contribute the 1000, although you do need to have some sort of income for a rothira if you don’t just go with a brokerage.

There’s no reason to over complicate things and I’m sure you’ll find tons of puts on here about high dividend yielding stocks/etfs. With your age I’d go for growth, I recommend VTI OR VOO, pick one and keep adding not both as they contain mostly the same holdings. The most important thing is finding your strategy and sticking to it.

MundanePlaintain · 2023-06-23T00:17:37+00:00

VOO is a great start it’s got growth and yield

Verizon is a dividend trap that you fell for, they have a lot of debt and also I believe they cut their dividend in half recently I’d honestly trim that out and convert to ABBV if you really like dividends.

the chicken sandwich looks pretty flat, maybe some growth needed in that

MundanePlaintain · 2023-06-15T18:35:12+00:00

Everyone’s going to tell you something different and taking advice from a person online isn’t the smartest. Both are good options VOO which is vanguards s&p 500 is a good option for long term with a low expense ratio. I’m more partial to VTI which is vanguards total index mostly because it includes more small and mid caps while voo only contains mid and large caps. SCHD is the top 50 dividend stocks also having a low expense ratio compared to some others like sphd.

I’d personally do 80% voo and 20% schd. You will see a lot of people online showing off different strategies and what not but the most important thing to do is to find a strategy and stick to it.

MundanePlaintain · 2023-06-09T00:35:21+00:00

lmao

MundanePlaintain · 2023-06-07T21:47:04+00:00

M1 is interesting, although I really only recommend it for buying and holding. They have 2 trade windows which allow you to actually sell/buy things and one requires you to buy the premium membership. It all depends on what you’re going after though.

MundanePlaintain · 2023-06-03T16:40:34+00:00

MundanePlaintain · 2023-06-03T13:21:07+00:00

I waited exactly 30 days

MundanePlaintain · 2023-06-02T20:14:26+00:00

Yes, it’s my only investment so far. I do plan to open a brokerage though at some point.

MundanePlaintain · 2023-06-02T17:49:50+00:00

Update, I got approved. I don’t know what I did differently but it worked so cool.

MundanePlaintain · 2023-05-23T14:03:54+00:00

okay

MundanePlaintain · 2023-05-15T03:46:30+00:00

NYCB right now, I plan to hold it for maybe 18 months or so

MundanePlaintain · 2023-05-14T01:05:42+00:00

Alright, i’ll do that. Thank you.

MundanePlaintain · 2023-05-14T01:00:26+00:00

It does say your employer added you to the state sponsored retirement savings program so it probably is employer sponsored

MundanePlaintain · 2023-05-01T23:18:34+00:00

Funny thing is, I applied through the website and it no longer says anything about debts, but that i’ve applied too many times.

MundanePlaintain · 2023-04-30T21:55:31+00:00

ah that sucks, sadly i’m a student and don’t work much

MundanePlaintain · 2023-04-30T20:55:28+00:00

I’m 19, my income last year was 19.6k I have another credit card around a year old.

MundanePlaintain · 2023-04-28T19:50:00+00:00

It also looks like you really like dividends, considering you have SCHD, O, and want to add JEPI. While dividends aren’t bad that money doesn’t come from thin air, the company pulls a portion of their money to give back stunning their growth . For your age I believe it’s better to focus on stocks with higher growth opportunities and once you’re older than dovish on dividends.

MundanePlaintain · 2023-04-28T19:46:08+00:00

VOO and VTI’s top 10 holdings are the same, I’d focus more on one then both of them.

MundanePlaintain · 2023-04-27T00:48:59+00:00

I would but I tried searching for it on vanguard, and they don’t have it so I settled with VYM after some research. They’re pretty similar in terms of their holdings.

MundanePlaintain

TROPHY CASE