18M, started a year ago and im in it for the long run, i dont really care where Im at now, im just happy with anything in the green, i plan on investing more every month, around 300 dollars, the only stock im not happy with is DUO, i really thought it had potential, and i still do, but maybe im wrong, need tips for my portfolio.
https://www.reddit.com/gallery/1sp1zed
Posted by Eastern-Argument3467
7 Comments
Bro start a Roth IRA and put your 300 into VTI every month and you’re set. Youre doing too much. If you max out your Roth every year and still have more money, then pick a few stocks. Not this many.
Why pick a dozen seemingly random stocks that may outperform or underperform the market when ETFs exist?
When you are young you can stand to take more risk. That said, consider investing a significant portion in an index fund like VOO or VTI. Invest in individual companies when you have a reason to early on. Those opportunities come around a few times a year if you pay attention. I work in tech, knew about AI ahead of the curve, put money in NVDA early on because I could see an emerging market before most.
Pick a index fund or an etf. Do your research as to what fund you want and invest everything into that. Veqt, xeqt, zeqt are just a couple of the popular. Unless you are better than wall street picking individual stocks will lose you money. Keep it simple and you will be amazed by the returns. Trust me
Bought one of everything you could?
If you want long term pure growth, instead of individually investing in random top company stocks, consider consolidating to QQQM. Look for index funds instead of individual stocks.
QQQM is a growth index fund by Invesco that tracks the NASDAQ 100 companies like Nvidia, Microsoft, Tesla, etc. it also has a pretty low expense ratio at 0.15.
There’s also SPYM which tracks the S&P500 and it has the lowest expense ratio out of pretty much any index fund ETF you can buy into.
There’s VO and VB, which tracks mid cap and small cap sectors that you could be missing out on that aren’t in the S&P500 that could have breakout growth.
This way you don’t have to put all your eggs in one basket if a few companies shit the bed. In an index fund, that money is shifted around for you as company sizes change over time. So all you have to do is invest and forget.
Here’s an example of a portfolio:
70% QQQM or SPYM
10% VB
10% VO
10% IAUM
Obviously you can adjust this based on how much risk you want to take. It’s also common for people at your age to just 100% QQQM or VOO or SPYM. Just do some research on what index funds you think are right for you.
I don’t know much about stocks, and it gets overwhelming to keep track of these many companies. So, I just put some in ETFs. I’m not looking to get rich overnight, I just want my money grow more than “inflation + CD rate”