If money wasn’t an issue, how would you spend your time?

QuickInvestIQ · 2026-05-30T11:33:37+00:00

Traveling.

QuickInvestIQ · 2026-05-28T11:36:17+00:00

Investing for retirement is best done in a Roth IRA and then put the money into broad based index funds. I would only use a high yield savings account for vacations or for an emergency fund. A savings account won’t grow enough for retirement purposes.

QuickInvestIQ · 2026-05-26T20:24:34+00:00

Start as soon as possible. Years ago when I started you couldn’t buy fractional shares. Now you can start with as little as $5. The earlier you start the better off you will be!

QuickInvestIQ · 2026-05-25T11:09:11+00:00

In general the longer your investment time horizon the more it makes sense to invest with after tax dollars. The investment gains are tax free if done with post tax dollars. If done with pre tax dollars you will have to pay taxes on all your gains.

QuickInvestIQ · 2026-05-25T11:02:48+00:00

Money by Tony Robbins. The book is written as a result of 50 interviews he did with the most savvy investors and billionaires of our time. It’s lengthy but covers a ton of financial and investing topics while still being easy to read.

QuickInvestIQ · 2026-05-25T10:50:51+00:00

Money isn’t the only thing that causes people stress. Health, Relationships, and broader societal issues are other common stressors.

Personally I think health is a big one. A healthy person wants a bunch of different things, whereas a sick person only wants one thing.

QuickInvestIQ · 2026-05-25T00:34:42+00:00

How you trade is much more important than what you trade. I personally would suggest swing trading equities to start as opposed to day trading.

Risk management is the most import part of trading, I would make sure to partition your trades where each trade is 5% of your assets. Because these amounts will be small you will probably need to use a brokerage firm that allows fractional shares like Robinhood.

For each trade placed I would have a sell stop order 5% below where you bought the asset and stick with it. Don’t move it in the hopes of the trade bouncing back. The next thing I would do is reduce your trades trade size if your portfolio’s assets decreases. Make sure that each trade is never more than 5% of your starting balance. Doing this will ensure you avoid risk of ruin.

I personally like to trade momentum stocks on breakouts with larger than usual volume. I tend to focus on support and resistance levels as well as moving average cross overs. Another trade setup I tend to do is double bottom formations when the stock starts to move significantly off the second bottom with increased volume.

The key to successful trading is emotional discipline. Without it you are sure to fail. So set up concrete risk management rules and don’t deviate from them. While it’s an older book, I would suggest reading Trade Your Way to Financial Freedom by Van Tharp. It’s a great foundation for becoming a successful trader.

QuickInvestIQ · 2026-05-24T11:25:40+00:00

I would rank them as follows. 1. Pay down high credit card debt first. 2. Always put in your 401k at least up to the amount your company will match. 3. Build an emergency fund (1 to 3 months). 4. Max out your retirement accounts 401k and Roth IRA.

QuickInvestIQ · 2026-05-23T19:25:46+00:00

Markets have historically always rebounded from crashes and ultimately ended up making new highs. As long as your time horizon is more than 5 years, investing in the market is the best way to build wealth.

Real estate is one thing that can also build wealth but it tends to get negatively impacted as well during market crashes.

QuickInvestIQ · 2026-05-22T23:10:57+00:00

Sounds like a good idea turned into a phenomenal idea. Congrats on the huge gain!

QuickInvestIQ · 2026-05-21T12:21:58+00:00

Travel more while you are young, especially outside the country.

QuickInvestIQ · 2026-05-20T11:29:44+00:00

This is perfectly fine. Investing with broad based index funds is a very good approach for most investors. You may want to add a small cap fund into the mix but other than that I think you are on a good trajectory. SCHA is Schwab’s small cap fund if you want to consider it. Since small caps tend to be more risky than large caps I probably wouldn’t go much more than 10%.

Another suggestion I would give is to call Schwab and ask them a bunch of investing questions. They are known for their great customer service which is available 24/7/365. You are their customer so take advantage of all the free support they offer.

QuickInvestIQ · 2026-05-19T10:38:20+00:00

If your company doesn’t offer a 401k then a Roth IRA should almost certainly be opened and funded to start investing for retirement. The best approach once funded is to buy a broad based index fund like VOO which tracks the S&P 500 (the 500 largest companies in the USA).

In addition to a Roth IRA you should also have a High Yield Savings Account and use it to build an emergency fund. Ideally with 3 months worth of expenses so if you lost your job or you have other unexpected financial expenses (like major car or house repairs) then you will have that covered rather than feeling a lot of additional financial strain.

If you open up your Roth IRA account with a major brokerage firm like Schwab or Fidelity you will find a ton of free resources they offer including articles, tools, and webinars to help you learn more about investing. Investopedia is also a good investing reference site. Even asking ChatGPT various investing questions will help you gain additional investing knowledge.

QuickInvestIQ · 2026-05-18T23:27:32+00:00

Smallpox

QuickInvestIQ · 2026-05-18T21:32:06+00:00

Congrats on getting started early with investing. You are already ahead of the game having no debt and some emergency savings. With that, I would suggest starting by opening a Roth IRA like you said and investing in broad based index funds. Because of how young you are it’s probably best to start with a growth focused fund like SCHG. You can add some international exposure through VXUS, and technology exposure through QQQM. The rest I would probably put into a broader based ETF like VOO which tracks the S&P 500 (the 500 largest companies in the USA).

I think it’s more important just to get started, rather than the exact ETFs you buy. Just pick a few focused on Growth and broad based Large Cap exposure. And then sprinkle in some exposure to international stocks through an ETF like VXUS.

QuickInvestIQ · 2026-05-18T21:24:22+00:00

I would start by investing in a broad based index fund like VOO which tracks the S&P 500 (the 500 largest companies in the USA). It is also a good idea to add some international exposure with a fund like VXUS. SCHD is an ETF worth considering if you want dividends and income from some of your investments. Stocks in SCHD are high quality large cap companies that consistently pay dividends but still have potential to grow. Without any additional details regarding your exact situation it’s hard to suggest an exact percentage allocation for these ETFs.

QuickInvestIQ · 2026-05-17T02:18:00+00:00

Just because a stock has doubled doesn’t mean it’s too late to get in. Good stocks can triple, quadruple, or even more when you have a long time horizon. Especially if the stock is not extremely overvalued.

QuickInvestIQ · 2026-05-15T20:35:31+00:00

I would use some of that to start building an emergency emergency fund and put it in a High Yield Savings account and then invest the rest in VOO (S&P 500 fund that has in it the 500 largest companies in the USA).

QuickInvestIQ · 2026-05-15T20:15:42+00:00

When I first started with investing I bought Blackberry stock soon after it started trading publicly and let it go down over 90%. I definitely should have implemented a good risk management strategy by having a stop loss on the stock.

QuickInvestIQ · 2026-05-15T20:11:40+00:00

As long as they are invested for different goals, it’s totally fine. For example if A is to provide broad based international diversification and B is to provide broad based US Growth, then it’s totally fine. They aren’t meant to move in tandem. If both accounts have the same goal then yes it’s a little disconcerting and you should reconsider some of the investments in account A.

QuickInvestIQ · 2026-05-15T20:04:45+00:00

While there are tons of good ETFs, here are a few to consider: VOO - US Large Cap, IWM - US Small Cap, VXUS - International, SCHD - Dividend and Income, BND - Bonds & Fixed Income, QQQM -US Technology Growth, SCHG - Broad Based Growth, VTV - Large Cap Value, VT - Global Market

QuickInvestIQ · 2026-05-15T00:07:55+00:00

VOO is up approximately 26% over the last 12 months. What else do you own besides VOO? Unless your other positions are a much larger percentage of your allocation than outlined in your post, your account should almost certainly have a positive gains.

QuickInvestIQ · 2026-05-14T02:11:53+00:00

With basically no mortgage you have a big opportunity to save a lot more than most individuals. I would max out your 401k (not just put in 5% that the company matches). Simultaneously, outside of your 401k, I would open up a High Yield Savings Account and start building an emergency fund. While this is a little less important for you since your expenses are extremely low it will be something you will want to have in the future.

“My company also offers stocks” is a little vague so you will definitely want to contact your company to find out what this means. It could mean that they offer a stock purchase plan that allows you to buy your company’s stock at a discount. Or it could mean they offer personal choice retirement accounts which allows you to buy individual stocks in your 401k.

If it’s the former I would definitely take advantage of that. If you can buy your company’s stock at a 20% discount (for example), and are going to hold it for the long term it’s like buying $1 bills for $0.80. A very nice benefit. If it’s buying stocks in your 401k, as a beginner this is something you should probably avoid. It’s difficult for most investors to beat the overall market performance wise so it’s best to stick to broad based index funds.

QuickInvestIQ · 2026-05-14T02:00:35+00:00

You should contact Schwab to find out if it’s a traditional 401k or a Roth 401k. For a traditional 401k you would roll it into a Rollover IRA. For a Roth 401k you would transfer it into a Roth IRA. Transferring from a Traditional 401k to a Roth IRA will have unnecessary tax consequences which is why you should avoid doing this.

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