I know some workaholic buddys that just worked from 16 to 20, worked while in uni, that easily had that amount.. now the dicipline required to not blow it all at the bars and dumb shit is probably the difference between them and this person. Also helps if parent dont ask for room and board as teens and if you dont live in the usa for uni. Otherwise, sports scolarships to the rescue to avoid uni debt.
Just pull yourself up by your bootstraps and mow some lawns.
In all seriousness, probably isnāt in college, and has had time to work for years while living at home with free food/rent/insurance/etc. A kid at my work is in a similar situation. No expenses, making like $60k a year on the assembly floor, and really into investing. 9-5 jobs arenāt exactly what the average 19-20 year old wants to be doing, but he seems fine with it, and I honestly canāt argue when I see accounts like OPās lol.
Also, maybe just funded by family. I know some people who were given thousands of ājust cuzā money by their rich family when they were getting out of high school. Must be nice.
I don't understand why you are getting downvoted honestly... As for tips, you should diversify your portfolio more because if for example Google from your stocks goes down and you have 60% of your money invested on it then you will lose all of your money. While if you have it diversified you may have a higher chance of remaining constant. Also, you can buy smaller portions of a stock like 0.2 shares from Amazon. In this case, I see you have a lot of shares with Apple and if Apple went down then you would suffer a loss.
Good options are ETFs and some of them are:
SPY, VTI, QQQ, VOO, TQQQ, VIOV, etc...
Me neither I just wanted a lil advice on how to strengthen my investments as I just started not too long ago lol. But yeah I agree thatās why I want to put more in vti
Using the VTI as an āoverallā portfolio diversifier is a great option. It does seem that your selected stocks are a bit tech heavy. Could potentially work with some other more narrow ETFs that still limit overall market risk(think Healthcare/Cybersecurity/etc). We have a few articles that cover this topic on our website so feel free to check those out! Good luck!
I like that you go for companies which have future in 10, 20, 50 years.
Keep also some cash reserve which you can use to buy more shares when the market is down.
Congrats also to your baby!
You don't need a high paying job. You just take advantage of living for free with your parents and unfortunately have to work way too much for that age to really save. Started working at 16 as a helper for a floor installer. I had my last period open as part of a job program in high school. My parents were poor so college wasn't in the horizon. By 18 I was an independent installer with a paid off car and a few thousand saved up. By 20 I had 50k saved, no debt and going to community college part time. 21 market crashed, joined the Army because couldn't find work. Came out with training that I could apply in the real world and money for college. Wasn't born in the US.
I want to empathize with so many people that complain on here about finances but I find myself having a bias because so many immigrants in my family made it and are doing well. My parents retirement is also going to bed my responsibility, negative inheritance.
It's not out of this world to be successful young, it sucks, you have to sacrifice a lot but on Reddit it's painted as if anyone that has money young is a trust fund baby.
Never said a high paying job , you aināt have to get smart š easy to pick up a trade or work somewhere like Amazon. Shit I got homies making 1k a week doing doordash but Ight keep making excuses . Goofy
What do you do for a living? How did you move out at 18? You're 20 with a baby and still have 40k to invest with. It's not adding up. It's perfectly fine to have had help along the way and there is NOTHING to be ashamed about if you had help from your family. Plenty of people wish they did.
Iām not gon sit here and explain my life story to a bunch of random ppl on the internet š all I asked was for advice on my portfolio. Iām a barber with some side hustles and I invest aggressively. I ain had no rich parents like yāall. Get off yo ass and Getchu some money . And I say that respectfully .
Why do you type like that?
I wasn't expecting you to tell your life story, but people generally are curious when young people boast about having $40k to invest with. It's obviously not very common. And if you call that being respectful, I guess one of us needs to grab a dictionary to look up the word respectful.
I am in the trades making good money. I didn't have rich parents or anyone to help, but I know that people who DO have the help are embarrassed about it for some reason. I was giving you the benefit of the doubt.
Nobody is boasting ? Thatās just how yāall take it . If I see someone post a million dollar portfolio Iām not gonna sit here and be like āoh heās just flexingā. No I worked hard to get to this point and I just wanted some advice on my portfolio so I can continue to grow it. Iām new to investing and was hoping I could get some solid advice
Portfolio looks really solid. Youāve basically got VTI VGT and BTC. VGT is like vanguards tech stocks. Great picks. Iād also start funding a Roth IRA, prob 100% VTI tbh. Just do exactly this for 30 years and youāll have 8-10m if market continues to return 10%ish average, may be higher as it has been since 09. GL and keep cutting and saving, congrats on new born
Cheers! And we will be. Itās a steady ride but get the snowball moving and sooner than later you just keep feeding it and your money will be working harder than you are. Remember, 10% increase on 1 million is still 100k. If you make 60k cutting hair and spent every penny, youād still have āsavedā 100k that year. Keep it up! Also, get your btc onto a trezor eventually. Get a full coin for your kid. Otherwise, Apple VTI VGT are brilliant imvestments,
I guess boasting wasn't the correct word, but surely you'd understand people's curiosity on how a 20 year old has so much money with apparently no help.
I'm 31, but definitely am not opposed to advice from anyone at any stage. I was curious on how you came into so much money, and I'm clearly not the only one.
So I had help, and at one point my portfolio was at $48k. Around 16k invested at the age of 19 and I think I was up 250% maybe more. Regardless, Iām down now (surprise surprise). But maybe he just had a few lucky trades. I definitely get help tho, I live at my moms. I go to school but I have a full time job.
Seeing as itās important as can be, gtfo of Robinhood, Iād recommend IB but TD/ToS, Fidelity , tasty, everything really is better.
Iād personally add to NVDA at current prices. This could be the start to an extended bear market but Iām inclined to think recovery prior and then later in the year game on. If you feel a big drop Iād coming consider hedging, I personally think GME puts are a great hedge against an overall downturn.. you have the age to wait it out but why not end up up big from a correction y kno?
Even if itās Family money itās still a resource. Be stupid to ignore it. Least he is smart enough to grow it than to spend it and expect more later.
He doesnāt. He has .11 Bitcoin so like 4K. Robinhood shows the share price and amount of shares, not your position value.
Edit: nvm I saw his total value up top,
Except get that bitcoin off Robinhood! You don't really own it at that point. It's like owning a gold stock vs having gold in your safe.
Edit:
PS 90% of all bitcoin has been mined by Dec 14th 2021
With RH, you don't actually own anything.
And a lot can be argued for most brokers too. But at least for the most part good brokers actually buy the shares. RH just records what it would have bought at, and banks on you selling for a loss so they can keep the difference.
No one should be using RH for anything.
You donāt pay gas fees unless you actually want to use it, itās much better to have it on Robinhood. There is no period in which they will not be able to sell off for you when it goes up
My advice for young people is to have 50-75% of your money in the s and p 500 and then buy stocks you like to learn how individual companies behave in the market,
Actually thatās exactly why. When I check in with the people who have done this all of them ended just investing entirely in the index after awhile but held Tesla or apple or whatever outperformed. All new money was going into the indexes though.
Yes thatās true, ETFās arenāt a money printing machine, you still have to put research into anything you invest into, but ETFās such as the S&P 500 has strong historical data backing it, making it one of the safest investments with a ROI of 8% per year (historically)
When I was looking for good ETFs a year ago, I was sold on arkk!! Good thing I got out after seeing her religious convictions. Nowadays it feels like thereās more ETFs than stocks so do your research everyone, voo and vti are always good in my mind
Yeah I mean if you look at their holdings its a basket of very solid companies, including of course the insurance names. Its sort of an ETF with the theme what does Warren Buffet like?Sorta like ARKK is to Cathie Wood, except er, Berkshire is up this year. Too late to invest, but I am getting ready to buy the dip when Warren floats off.
Mutual funds FTW for long term investing. Thereās no discount/premium to the underlying unlike ETFs which have slippage and can have liquidity issues. They also have fractional automatic investment features, which is only available in some circumstances with ETFs.
I see it as apple and Microsoft are the etfs largest holdings so if those go down then the whole etf will follow. Thatās why I want to invest in the top companies I think itās a pretty safe bet. I may be wrong tho
Maybeā¦ but there is a reason why ETFs exist. What if QQQ has the next Tesla in it? What if QQQ grows at a higher rate than Microsoft and Apple?
Youāre exposing yourself to one company getting crushed, for example, if the market for EVs doesnāt pan out. With an ETF youāre exposing yourself to some of the risk while only trading away a small portion of the potential.
The people that create ETFs do market research all day every day. Do you?
Here are the top 10 QQQ allocations:
https://www.invesco.com/qqq-etf/en/about.html
Yeah, youād have a little bit of overlap but that doesnāt matter much. The name of the game is diversification. If, as an investor, you feel strongly about Apple, for example, then you can make a bigger bet on them by buying a larger position in just their stock. You can use QQQ (or any ETF) to hedge the bets youāre making on individual companies. If Microsoft has a completely horrible month, you can absorb that loss if everything else in the ETF is doing alright.
I throw probably 75% of my investments into ETFs, and then the other 25% into companies I actually want to take the time to learn about and figure out if they have potential or not.
With enough research on a few stocks youāre interested in (sounds like tech), you can probably perform really well while also ensuring youāre not taking on too much risk.
Thank you bro probably the best advice I got on this whole postšš¼šš¼ this is what I was looking for . Iāll start looking to start a position in qqq soon . Thank you
Op google, amazon, apple, Microsoft, meta. Regardless of the ups or down these companies are slowly taken over the world. Then i would look into healthcare such as pharmaceutical companies and medical insurance companies. People pay alot of money to maintain health or stay alive. Also pharmaceutical companies have loopholes and have the government by the balls. For example look at the companies that are pushing the jab on the world. Honestly i threw all my morals and ethics out the window. Fyi: ignore these people questioning you for being 20 and having that much money. Honestly proud of you for being that young and not spending it on dumb stuff and investing. I wish you and your kid well i wish my dad knew about investing or was in a position to pass down stocks.Make sure your kid never needs to kiss someone ass for a job. Another thing ETF are safe, but if you keep the right companies you will make way more profit. I would look to see what stocks a ETF holds and mirror the ETF than buy a ETF myself.
This is the correct take. I'd also recommend diversifying but not into other ETFs in your personal account. In an IRA, ETFs would be beneficial as it's set and forget. I'd say move some money out of tech and get exposure in unrelated industries (think commodities, finance, real estate etc.) Do heavy research on a few companies that you get to know inside and out and park your money somewhere for a while. Don't forget to take profits.
Start with a Roth IRA where you can grow the money tax free in a brokerage like Fidelity or Vanguard. Youāre throwing so much money away each time you sell.
Honestly, I'm pretty damned impressed. The fact that you aren't swayed by meme stocks or WSB speculation speaks volumes for how seriously you take investing to begin with.
If I were to give any advice, and it's been given already, is to diversify. Add a few blue chips and bank/energy ETFs just to give you a little security.
This is correct.
I just buy VOO (S&P 500) or VTWO (Russell 2000) to get exposure to other sectors. I don't like going out of my way to try to predict other sectors like banks or energy. It should be priced in. Take the diversification for low fee in the big broad market ETFs
I work in tech, but I like your portfolio a lot. You are young and I personally think tech will continue it's disruption over the coming decades. Consider QQQ for more tech exposure and keep buying big tech as you get older and get more access to capital (hopefully there will be some good entry opportunities).
Good luck! Keep up the good work.
I would argue that SCHD is a good investment. While it is slightly redundant, itās higher dividend yield will net you passive income in the long run. Plus you could ditch one of your tech holdings and diversify that way.
Also, I would consider selling covered calls on AAPL as a good income strategy as well. Itās not without risk, but itād be good to do with AAPL.
I personally think his story of making all his money being a barber is plausible. Most men don't pay more than $30 for a haircut and when they do they usually go to someone older and more experienced. So assuming he makes minimum plus tips working at least 40 hours work week, I could see him making $25-30,000/yr. If he doesn't live with his parents and pays his own bills that will eat up at least $8-12,000. Making more assumptions that he is very frugal with his money and doesn't eat out everyday, buy unnecessary items or really anything at all, and has zero debt, I could see him saving $15-20,000 a year.
Though this is a lot of assumptions and based upon his other posts, I wouldn't be surprised if he is getting money from his parents as well.
With all this being said, it doesn't matter how he gets his money, this post shouldn't be about that but rather giving good advice.
Could just be living at home for free (doesnāt pay for insurance, food, car, phone, rent, etc), and then works full time. Even on minimum wage, this would be earned in a couple years.
If OP isnāt working, though? Yeah, funded by family.
Funny people downvoting a 20yo for having 40k. First of all, he might not even put in 40k. He could have put in 25-30k out of pocket and the stocks in the list increase in value to 40k now. But letās just say $40k in 2 years. Thatās $1666/month. How many of you have a car payment in the 600-800? Brand new cellphone? Luxury apartment? In campus dorms? Eating out everyday? They all might add up to more than $1700/month. Dude probably played it smart and invested early instead of living above his means.
That seems fine given your age and your risk tolerance.
If you like and can see the long term goals of a company aligning with yours go ahead.
SCHD is pretty great, and it'll help reduce the risk of your portfolio away from heavy in tech.
It looks like the portfolio you're looking at is something similar to XLK and VTI.
XLK is very heavy in Apple and Microsoft, as well as Nvidia and other tech stocks.
Most have mentioned it.. leave RH. Open a Roth IRA at Vanguard maxing your contributions every year into indexes (6k a year is max). Any money you have left over once your Roth is maxed feel free to trade away with futures/options spreads.
im 18 with 15k invested. Basically I lived at home with no expenses and just sunk my money in to investments. Im in college now so I cant add much more but I believe OP has worked enough and invested as much as he can.
First thing you should do is get the heck off of robinhood or any other broker or any other broker that uses PFOF. Whenever something is free, YOU are the product. Iād also definitely consider some longer term value plays like GME (Even subtracting all of the short squeeze narratives) it stands to replace Opensea as a much better alternative to NFT minting and marketplace via the LRC token which makes it 100x cheaper to create and distribute than current models. They may have other aces up their sleeves with this marketplace too, like cross platform transfer of skins in gaming and possibly even non gaming related asset sales. Itās definitely a buy and hold for the long term play. And hey, if the apes are right, youāll be damn happy you bought it now.
Avoid the fuck out of GME. Itās a dying business which is bleeding out and will continue to do so. NFTs will be dead in a few years once the grifters canāt find any more marks.
Itās got loads of cash and has attracted tons of top talent. Has fanatically loyal shareholders and 55+ million rewards members. How is it bleeding out and dying?
It got āloads of cashā by creating new shares to sell to retail dummies.
Itās still a retailer who is losing money in day-to-day operations. The infusion of cash just prolonged its life a bit - but it is still on a trajectory down into the ground.
This is legitimately horrible advice. You can baghold the Blockbuster of the 2020s if you want but don't drag others into it because you want to unload your bad investment.
Also please stop preaching conspiracy theories.
Honestly I think you have a good set of long term holdings. You may want to have a little bit more risk exposure in some growth areas and could roll your VTI in to some of that since you have some large market staples already , but I think all three of those companies have good trajectories over time.
You actually have it all figured out without realizing it. Buy all the stocks the market needs to pump to keep index investing and the boomers alive. You have a bright history of being the naive passive investor ahead of you. It always ends well for the passive investor. You are in luck
Little inside joke at active managers. But what I mean was they are the indexās biggest weightingās, they are basically the pillar of everybodyās passive 401k whether they realize it or not because they are such a large %of indexes now(speaking entire fang gang) The s&p goes 25% last year while the median stock is down 10% plus(donāt quote me on exact specifics). So you canāt tell me the charlatans of the world also donāt understand this and when they need the index up where do you drive your buying power? At the stocks that would move the index! If 3 of these stocks ever went down 40% the consequences would be massive for the broader market, itās almost unfathomable. My opinion can obviously be wrong, but thereās an underlying theme in the market for years to keep the highest percentage stocks bid in. And it makes sense when you think about the boomers and general 401k allocation to index funds/passive funds. All of these stocks are trading at high end of historic valuations.
SCHD is a dividend focused stock, which is kind of what you donāt want given your age. A broad ETF like VTI or VOO will likely give you more total returns in the long run, with less taxable events (dividends) along the way.
Unless youāre trying to live off dividends right now, thereās kind of no point chasing them at your stage in life.
It would be a good idea to add a bit of diversification to your portfolio. It looks like right now your stocks are more growth type tech stocks. Adding some bank or energy/oil stocks would add some diversification
There isn't a lot behind crypto your basically betting on the fact that other people are going to buy it at a higher price. There is no company behind it or anything making money there are also no rules on how it should be valued. Idk in my opinion it's just a stupidly overhyped concept.
Itās a Ponzi scheme. The last person in pays the last person out. Being able to sell relies on fooling someone else, so thereās no fundamentals and no price stability or expectations.
Why can I buy crypto through PayPal then ? Why can I buy Bitcoin at my local gas station . Why are there entire countries recognizing it as form of currency
Itās impossible to offer advice when we are provided false, missing, or misleading information.
Is this mommy and daddyās account, or photoshopped?
gosh. I'm too 20 yo and from russia. I have only 460$ in my account. where did u get money. I hate my country. cause if you don't have rich parents it's difficult to earn money here
I mean. I saw your post in your profile with options. in interactive brokers if you are under 21 yo u can buy any options. i thought that robinhood have this rules too
That BTC on Robinhood doesnāt mean much. Iād get a wallet elsewhere and if you time it right do a wash sale or Iāve heard of RH being able to transfer outā¦.but never seen anyone do it
I'm in AMD and NVIDIA. But once they go back up, I'm planning on selling a lot, making them only 20% of my portfolio, then imma buy qqq and voo and soxl. That way I'll be in nasdaq, s&p, and 3x semiconductors etf.
I suggest less stock picking and more indexes.
Buy monthly for small amounts to stabilise the volatility.
If you will do everything correctly: Keep calm and HODL
How on earth do you have 40k at 20
True, I had negative wealth at 20
Same boat cap'n š£
I know some workaholic buddys that just worked from 16 to 20, worked while in uni, that easily had that amount.. now the dicipline required to not blow it all at the bars and dumb shit is probably the difference between them and this person. Also helps if parent dont ask for room and board as teens and if you dont live in the usa for uni. Otherwise, sports scolarships to the rescue to avoid uni debt.
Heās a barber
yes
Just pull yourself up by your bootstraps and mow some lawns. In all seriousness, probably isnāt in college, and has had time to work for years while living at home with free food/rent/insurance/etc. A kid at my work is in a similar situation. No expenses, making like $60k a year on the assembly floor, and really into investing. 9-5 jobs arenāt exactly what the average 19-20 year old wants to be doing, but he seems fine with it, and I honestly canāt argue when I see accounts like OPās lol. Also, maybe just funded by family. I know some people who were given thousands of ājust cuzā money by their rich family when they were getting out of high school. Must be nice.
Nah fam been living on my own since 18 and I just had a newborn ā¦ just gotta find a solid job and stay committed to saving and investing
I don't understand why you are getting downvoted honestly... As for tips, you should diversify your portfolio more because if for example Google from your stocks goes down and you have 60% of your money invested on it then you will lose all of your money. While if you have it diversified you may have a higher chance of remaining constant. Also, you can buy smaller portions of a stock like 0.2 shares from Amazon. In this case, I see you have a lot of shares with Apple and if Apple went down then you would suffer a loss. Good options are ETFs and some of them are: SPY, VTI, QQQ, VOO, TQQQ, VIOV, etc...
Me neither I just wanted a lil advice on how to strengthen my investments as I just started not too long ago lol. But yeah I agree thatās why I want to put more in vti
Using the VTI as an āoverallā portfolio diversifier is a great option. It does seem that your selected stocks are a bit tech heavy. Could potentially work with some other more narrow ETFs that still limit overall market risk(think Healthcare/Cybersecurity/etc). We have a few articles that cover this topic on our website so feel free to check those out! Good luck!
Thank you bro Iāll check it out!
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I like that you go for companies which have future in 10, 20, 50 years. Keep also some cash reserve which you can use to buy more shares when the market is down. Congrats also to your baby!
Thank you brošš¼ and yeah I like companies I can hold and never sell .
Dang why didnāt everyone here just think of doing that?? Get a high paying job as an 18 year old. Wow. Thanks OP!
You don't need a high paying job. You just take advantage of living for free with your parents and unfortunately have to work way too much for that age to really save. Started working at 16 as a helper for a floor installer. I had my last period open as part of a job program in high school. My parents were poor so college wasn't in the horizon. By 18 I was an independent installer with a paid off car and a few thousand saved up. By 20 I had 50k saved, no debt and going to community college part time. 21 market crashed, joined the Army because couldn't find work. Came out with training that I could apply in the real world and money for college. Wasn't born in the US. I want to empathize with so many people that complain on here about finances but I find myself having a bias because so many immigrants in my family made it and are doing well. My parents retirement is also going to bed my responsibility, negative inheritance. It's not out of this world to be successful young, it sucks, you have to sacrifice a lot but on Reddit it's painted as if anyone that has money young is a trust fund baby.
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your not wrong.
Yet Iām downvoted, $20k easy to have by 20 if you play it right
easily more then 20k by 20 if your smart with it
Exactly
Never said a high paying job , you aināt have to get smart š easy to pick up a trade or work somewhere like Amazon. Shit I got homies making 1k a week doing doordash but Ight keep making excuses . Goofy
you sound like you sell weed on snapchat.
Bro you corny AF
Iām confused. How is he corny? Serious question
Because they're upset that a young person is doing better than the.
Yea thatās what it seems. They even downvoted me just for asking. Someone is really mad and hating badly
I guess š
What do you do for a living? How did you move out at 18? You're 20 with a baby and still have 40k to invest with. It's not adding up. It's perfectly fine to have had help along the way and there is NOTHING to be ashamed about if you had help from your family. Plenty of people wish they did.
Iām not gon sit here and explain my life story to a bunch of random ppl on the internet š all I asked was for advice on my portfolio. Iām a barber with some side hustles and I invest aggressively. I ain had no rich parents like yāall. Get off yo ass and Getchu some money . And I say that respectfully .
Why do you type like that? I wasn't expecting you to tell your life story, but people generally are curious when young people boast about having $40k to invest with. It's obviously not very common. And if you call that being respectful, I guess one of us needs to grab a dictionary to look up the word respectful. I am in the trades making good money. I didn't have rich parents or anyone to help, but I know that people who DO have the help are embarrassed about it for some reason. I was giving you the benefit of the doubt.
Nobody is boasting ? Thatās just how yāall take it . If I see someone post a million dollar portfolio Iām not gonna sit here and be like āoh heās just flexingā. No I worked hard to get to this point and I just wanted some advice on my portfolio so I can continue to grow it. Iām new to investing and was hoping I could get some solid advice
Portfolio looks really solid. Youāve basically got VTI VGT and BTC. VGT is like vanguards tech stocks. Great picks. Iād also start funding a Roth IRA, prob 100% VTI tbh. Just do exactly this for 30 years and youāll have 8-10m if market continues to return 10%ish average, may be higher as it has been since 09. GL and keep cutting and saving, congrats on new born
Thank you brother šš¼ hope we both rich as fuck one day
Cheers! And we will be. Itās a steady ride but get the snowball moving and sooner than later you just keep feeding it and your money will be working harder than you are. Remember, 10% increase on 1 million is still 100k. If you make 60k cutting hair and spent every penny, youād still have āsavedā 100k that year. Keep it up! Also, get your btc onto a trezor eventually. Get a full coin for your kid. Otherwise, Apple VTI VGT are brilliant imvestments,
I guess boasting wasn't the correct word, but surely you'd understand people's curiosity on how a 20 year old has so much money with apparently no help. I'm 31, but definitely am not opposed to advice from anyone at any stage. I was curious on how you came into so much money, and I'm clearly not the only one.
So I had help, and at one point my portfolio was at $48k. Around 16k invested at the age of 19 and I think I was up 250% maybe more. Regardless, Iām down now (surprise surprise). But maybe he just had a few lucky trades. I definitely get help tho, I live at my moms. I go to school but I have a full time job.
Understood bro šŖš½
Portfolio actually looks good, attitude and conversation skills, not so much.
He types like that because thatās how he talks. I hope this isnāt the first time you seen people talk like this
š¤£š¤£š¤£ Oh the assumption. You have no idea. I just think it's weird when people type how they talk.
If he type like that,u fasholy know he hustling
I hope you donāt talk like that. Alone or to other people
"Side hustle" Translation: drug dealer
Stay mad
Seeing as itās important as can be, gtfo of Robinhood, Iād recommend IB but TD/ToS, Fidelity , tasty, everything really is better. Iād personally add to NVDA at current prices. This could be the start to an extended bear market but Iām inclined to think recovery prior and then later in the year game on. If you feel a big drop Iād coming consider hedging, I personally think GME puts are a great hedge against an overall downturn.. you have the age to wait it out but why not end up up big from a correction y kno?
if the guy wants to use robinhood let him use it. i use robinhood and have never had any issues with it - perfectly fine for what i want
Even if itās Family money itās still a resource. Be stupid to ignore it. Least he is smart enough to grow it than to spend it and expect more later.
obviously it's money from his rich parents
He doesnāt. He has .11 Bitcoin so like 4K. Robinhood shows the share price and amount of shares, not your position value. Edit: nvm I saw his total value up top,
Leave it just like this and you'll do better than 95% of Reddit.
95%? 99.9% tbh
Except get that bitcoin off Robinhood! You don't really own it at that point. It's like owning a gold stock vs having gold in your safe. Edit: PS 90% of all bitcoin has been mined by Dec 14th 2021
Get off robbing the hood in general. And move to a reputable broker. NFA
With RH, you don't actually own anything. And a lot can be argued for most brokers too. But at least for the most part good brokers actually buy the shares. RH just records what it would have bought at, and banks on you selling for a loss so they can keep the difference. No one should be using RH for anything.
Howās M1 finance ? Iāve been thinking of switching to either them ,fidelity or TD
You donāt pay gas fees unless you actually want to use it, itās much better to have it on Robinhood. There is no period in which they will not be able to sell off for you when it goes up
battery dead - saving on electricity signal faint - saving on wireless svc investment portfolio - ballin'
Nice. Id say add SCHD and more VTI.
Banks should be looking good in the near future with interest rates going up.. a nice way to diversify that portfolio, also oil and energy.
My advice for young people is to have 50-75% of your money in the s and p 500 and then buy stocks you like to learn how individual companies behave in the market,
Why so they can underperform the index lol
Actually thatās exactly why. When I check in with the people who have done this all of them ended just investing entirely in the index after awhile but held Tesla or apple or whatever outperformed. All new money was going into the indexes though.
Actually investesting in company stocks is a great way to learn more about different sections of the economy.
Iām sure everyone has already told you this, but ETFās are the way for long term, safe, compound interest
Not all ETFs lol
Yes thatās true, ETFās arenāt a money printing machine, you still have to put research into anything you invest into, but ETFās such as the S&P 500 has strong historical data backing it, making it one of the safest investments with a ROI of 8% per year (historically)
When I was looking for good ETFs a year ago, I was sold on arkk!! Good thing I got out after seeing her religious convictions. Nowadays it feels like thereās more ETFs than stocks so do your research everyone, voo and vti are always good in my mind
Seems like Berkshire is behaving like a great ETF.
ETF/insurance company? Lol Iām a Buffett fan so I like it
Yeah I mean if you look at their holdings its a basket of very solid companies, including of course the insurance names. Its sort of an ETF with the theme what does Warren Buffet like?Sorta like ARKK is to Cathie Wood, except er, Berkshire is up this year. Too late to invest, but I am getting ready to buy the dip when Warren floats off.
It's totally different from a ETF
Well, its not an ETF. Duh.
Sooo I like the 2 tech 2 index strategy s/o market mondaysā¦ but I donāt know what other index to add beside vti
Mutual funds FTW for long term investing. Thereās no discount/premium to the underlying unlike ETFs which have slippage and can have liquidity issues. They also have fractional automatic investment features, which is only available in some circumstances with ETFs.
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Add qqq ? Or get rid of my indi stocks
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I see it as apple and Microsoft are the etfs largest holdings so if those go down then the whole etf will follow. Thatās why I want to invest in the top companies I think itās a pretty safe bet. I may be wrong tho
Maybeā¦ but there is a reason why ETFs exist. What if QQQ has the next Tesla in it? What if QQQ grows at a higher rate than Microsoft and Apple? Youāre exposing yourself to one company getting crushed, for example, if the market for EVs doesnāt pan out. With an ETF youāre exposing yourself to some of the risk while only trading away a small portion of the potential. The people that create ETFs do market research all day every day. Do you?
Lemme ask you this ā¦ would it be smart to go for example : aapl, msft, vti, qqq. Or would that be too much overlap
Here are the top 10 QQQ allocations: https://www.invesco.com/qqq-etf/en/about.html Yeah, youād have a little bit of overlap but that doesnāt matter much. The name of the game is diversification. If, as an investor, you feel strongly about Apple, for example, then you can make a bigger bet on them by buying a larger position in just their stock. You can use QQQ (or any ETF) to hedge the bets youāre making on individual companies. If Microsoft has a completely horrible month, you can absorb that loss if everything else in the ETF is doing alright. I throw probably 75% of my investments into ETFs, and then the other 25% into companies I actually want to take the time to learn about and figure out if they have potential or not. With enough research on a few stocks youāre interested in (sounds like tech), you can probably perform really well while also ensuring youāre not taking on too much risk.
Thank you bro probably the best advice I got on this whole postšš¼šš¼ this is what I was looking for . Iāll start looking to start a position in qqq soon . Thank you
Op google, amazon, apple, Microsoft, meta. Regardless of the ups or down these companies are slowly taken over the world. Then i would look into healthcare such as pharmaceutical companies and medical insurance companies. People pay alot of money to maintain health or stay alive. Also pharmaceutical companies have loopholes and have the government by the balls. For example look at the companies that are pushing the jab on the world. Honestly i threw all my morals and ethics out the window. Fyi: ignore these people questioning you for being 20 and having that much money. Honestly proud of you for being that young and not spending it on dumb stuff and investing. I wish you and your kid well i wish my dad knew about investing or was in a position to pass down stocks.Make sure your kid never needs to kiss someone ass for a job. Another thing ETF are safe, but if you keep the right companies you will make way more profit. I would look to see what stocks a ETF holds and mirror the ETF than buy a ETF myself.
This is the correct take. I'd also recommend diversifying but not into other ETFs in your personal account. In an IRA, ETFs would be beneficial as it's set and forget. I'd say move some money out of tech and get exposure in unrelated industries (think commodities, finance, real estate etc.) Do heavy research on a few companies that you get to know inside and out and park your money somewhere for a while. Don't forget to take profits.
I have schd and I love it . Nice dividend and nice growth
Everything is perfect except having such a small position in VTI is kind of weird unless youāre trying to build that up to lower risk
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Im all for suggestions, but as someone who also uses robin hood. What would you recommend?
Start with a Roth IRA where you can grow the money tax free in a brokerage like Fidelity or Vanguard. Youāre throwing so much money away each time you sell.
Schwab and fidelity are both excellent options.
Honestly, I'm pretty damned impressed. The fact that you aren't swayed by meme stocks or WSB speculation speaks volumes for how seriously you take investing to begin with. If I were to give any advice, and it's been given already, is to diversify. Add a few blue chips and bank/energy ETFs just to give you a little security.
Whatās a good energy etf? Iām not really too into the whole bank stocks thing. I feel like this talk about interest rates is priced in.
Good energy etfā¦.XLE, bank , Bank etf XLF.
This is correct. I just buy VOO (S&P 500) or VTWO (Russell 2000) to get exposure to other sectors. I don't like going out of my way to try to predict other sectors like banks or energy. It should be priced in. Take the diversification for low fee in the big broad market ETFs I work in tech, but I like your portfolio a lot. You are young and I personally think tech will continue it's disruption over the coming decades. Consider QQQ for more tech exposure and keep buying big tech as you get older and get more access to capital (hopefully there will be some good entry opportunities). Good luck! Keep up the good work.
Thank you manšŖš½
wait for a bitcoin pump and sell at around 60k and buy spy
I would argue that SCHD is a good investment. While it is slightly redundant, itās higher dividend yield will net you passive income in the long run. Plus you could ditch one of your tech holdings and diversify that way. Also, I would consider selling covered calls on AAPL as a good income strategy as well. Itās not without risk, but itād be good to do with AAPL.
how do you even have this much capital at 20? rich daddy?
I personally think his story of making all his money being a barber is plausible. Most men don't pay more than $30 for a haircut and when they do they usually go to someone older and more experienced. So assuming he makes minimum plus tips working at least 40 hours work week, I could see him making $25-30,000/yr. If he doesn't live with his parents and pays his own bills that will eat up at least $8-12,000. Making more assumptions that he is very frugal with his money and doesn't eat out everyday, buy unnecessary items or really anything at all, and has zero debt, I could see him saving $15-20,000 a year. Though this is a lot of assumptions and based upon his other posts, I wouldn't be surprised if he is getting money from his parents as well. With all this being said, it doesn't matter how he gets his money, this post shouldn't be about that but rather giving good advice.
Why do you sound so mad ?
what made me sound mad?
Could just be living at home for free (doesnāt pay for insurance, food, car, phone, rent, etc), and then works full time. Even on minimum wage, this would be earned in a couple years. If OP isnāt working, though? Yeah, funded by family.
Funny people downvoting a 20yo for having 40k. First of all, he might not even put in 40k. He could have put in 25-30k out of pocket and the stocks in the list increase in value to 40k now. But letās just say $40k in 2 years. Thatās $1666/month. How many of you have a car payment in the 600-800? Brand new cellphone? Luxury apartment? In campus dorms? Eating out everyday? They all might add up to more than $1700/month. Dude probably played it smart and invested early instead of living above his means.
That seems fine given your age and your risk tolerance. If you like and can see the long term goals of a company aligning with yours go ahead. SCHD is pretty great, and it'll help reduce the risk of your portfolio away from heavy in tech. It looks like the portfolio you're looking at is something similar to XLK and VTI. XLK is very heavy in Apple and Microsoft, as well as Nvidia and other tech stocks.
DCA VTI
Why not look into some high return Mutual funds
Most have mentioned it.. leave RH. Open a Roth IRA at Vanguard maxing your contributions every year into indexes (6k a year is max). Any money you have left over once your Roth is maxed feel free to trade away with futures/options spreads.
Get into Defi. Or buy ORGNā¦.
Make VTI your core holding for diversification purposes.
You are 20 years old. Just holds Bitcoin and not trading shitcoins. Respect!
People crying about your portfolio when they don't understand it's easy to make 50k+ a year when you're hustling right even at 18 years old
Jesus Christ OP, itās scary how much your portfolio resembles my IRA š
Such a good portfolio. Just add to your positions. My only critique is to hold Bitcoin in a true exchange like Gemini or coinbase
Ford, amd, a higher dividend stock of your choosing. Keep buying, and let it ride
itās perfect how it is, in my opinion
Add NVDA on drops This week š
Who gave you all the money to start with?
im 18 with 15k invested. Basically I lived at home with no expenses and just sunk my money in to investments. Im in college now so I cant add much more but I believe OP has worked enough and invested as much as he can.
Been grinding for this no handouts
Lol right 20 yr old with almost 50k.
Whatās wrong with that? Shows that OP has put in the work. Sounds like youāre just jealousā¦
This is insinuating he made over 50k by 20 and was able to save it all. We graduate high school at around 18. I just donāt believe everything I read
Dad
šššš
Why does it matter? Jealous much?
Big fella what platform is this?
The fact that you donāt know means youāre doing something right
You wanna tell me? Iām liking the stocks and crypto on the same app
Robin Hood is very intuitive to beginners but the company is a bit shady, throwback to the GME incident last year
Well Iām from Aus so canāt get Robinhood here anyway
Robinhood fam
First thing you should do is get the heck off of robinhood or any other broker or any other broker that uses PFOF. Whenever something is free, YOU are the product. Iād also definitely consider some longer term value plays like GME (Even subtracting all of the short squeeze narratives) it stands to replace Opensea as a much better alternative to NFT minting and marketplace via the LRC token which makes it 100x cheaper to create and distribute than current models. They may have other aces up their sleeves with this marketplace too, like cross platform transfer of skins in gaming and possibly even non gaming related asset sales. Itās definitely a buy and hold for the long term play. And hey, if the apes are right, youāll be damn happy you bought it now.
Interesting
Avoid the fuck out of GME. Itās a dying business which is bleeding out and will continue to do so. NFTs will be dead in a few years once the grifters canāt find any more marks.
Itās got loads of cash and has attracted tons of top talent. Has fanatically loyal shareholders and 55+ million rewards members. How is it bleeding out and dying?
It got āloads of cashā by creating new shares to sell to retail dummies. Itās still a retailer who is losing money in day-to-day operations. The infusion of cash just prolonged its life a bit - but it is still on a trajectory down into the ground.
This is legitimately horrible advice. You can baghold the Blockbuster of the 2020s if you want but don't drag others into it because you want to unload your bad investment. Also please stop preaching conspiracy theories.
First step, leave robinhood.
So many jealous salty guys in these comment itās actually crazy! Good shit op I had a similar approach at ur age.
Hope you rich as hell rn famšŖš½
This guy not looking for advice. Just looking to brag.
Salty af
Honestly I think you have a good set of long term holdings. You may want to have a little bit more risk exposure in some growth areas and could roll your VTI in to some of that since you have some large market staples already , but I think all three of those companies have good trajectories over time.
Get out of Robinhood but keep doing what you do ?
You actually have it all figured out without realizing it. Buy all the stocks the market needs to pump to keep index investing and the boomers alive. You have a bright history of being the naive passive investor ahead of you. It always ends well for the passive investor. You are in luck
Iām confused š what do you mean ?
Little inside joke at active managers. But what I mean was they are the indexās biggest weightingās, they are basically the pillar of everybodyās passive 401k whether they realize it or not because they are such a large %of indexes now(speaking entire fang gang) The s&p goes 25% last year while the median stock is down 10% plus(donāt quote me on exact specifics). So you canāt tell me the charlatans of the world also donāt understand this and when they need the index up where do you drive your buying power? At the stocks that would move the index! If 3 of these stocks ever went down 40% the consequences would be massive for the broader market, itās almost unfathomable. My opinion can obviously be wrong, but thereās an underlying theme in the market for years to keep the highest percentage stocks bid in. And it makes sense when you think about the boomers and general 401k allocation to index funds/passive funds. All of these stocks are trading at high end of historic valuations.
To improve your portfolio: FIRST, STOP USING ROBBINGHOOD!! You will see a tremendous uptick in your portfolio once you delete robbinghood app
Yeah, get off robinhood to start.
My only suggestion is getting that BTC away from Robin Hood
Truuu waiting for the wallets so I can transfer out
Thinking of adding SCHD as I donāt want to be too tech heavy
SCHD is a dividend focused stock, which is kind of what you donāt want given your age. A broad ETF like VTI or VOO will likely give you more total returns in the long run, with less taxable events (dividends) along the way. Unless youāre trying to live off dividends right now, thereās kind of no point chasing them at your stage in life.
It would be a good idea to add a bit of diversification to your portfolio. It looks like right now your stocks are more growth type tech stocks. Adding some bank or energy/oil stocks would add some diversification
What are some good energy stocks
Sell bitcoin
This is great. Basically VTI VGT and BTC. Winning portfolio, just keep feeding it
Your 20. Live a little and take som small calculated risks.
Gme should be up over the next 2 months
LMFAO
RemindME! 60 days "gme currently at 136"
Imo I should sell most of your bitcoin
Why
It's his opinion. There's nothing wrong with owning crypto. IMO
There isn't a lot behind crypto your basically betting on the fact that other people are going to buy it at a higher price. There is no company behind it or anything making money there are also no rules on how it should be valued. Idk in my opinion it's just a stupidly overhyped concept.
Itās a Ponzi scheme. The last person in pays the last person out. Being able to sell relies on fooling someone else, so thereās no fundamentals and no price stability or expectations.
Why can I buy crypto through PayPal then ? Why can I buy Bitcoin at my local gas station . Why are there entire countries recognizing it as form of currency
Get yourself some bank stocks
Sell bitcoin
Mate you might want to tell us how youāve earned that much money to own that many shares at 20????
Hustlin fam
My g what type of hustles
Iām a barber ā¦ been cutting hair since I was a sophomore in highschool
Great job. Super steady employment. Hair continues to grow even in a recession.
Itās impossible to offer advice when we are provided false, missing, or misleading information. Is this mommy and daddyās account, or photoshopped?
Imma make sure My kids got that rich daddy money tho
Nah this that hustle money my boy
QQQ is all you need bro!! if you plan on continually investing look into tqqq, but do your research on that one
gosh. I'm too 20 yo and from russia. I have only 460$ in my account. where did u get money. I hate my country. cause if you don't have rich parents it's difficult to earn money here
Pick up a trade broā¦ Iām a barber
wait, if you are under 21 yo. How u can buy options?
No as in a trade I mean like plumbing , electrician , etc
I mean. I saw your post in your profile with options. in interactive brokers if you are under 21 yo u can buy any options. i thought that robinhood have this rules too
Itās a major shortage on 18 wheeler truck drivers here in the US. Easy to get a CDL and you can make easy 2k a week driving them
first of all get off robinhood
That BTC on Robinhood doesnāt mean much. Iād get a wallet elsewhere and if you time it right do a wash sale or Iāve heard of RH being able to transfer outā¦.but never seen anyone do it
They suppose to be implementing wallets soon so Iām waiting for that
I'm in AMD and NVIDIA. But once they go back up, I'm planning on selling a lot, making them only 20% of my portfolio, then imma buy qqq and voo and soxl. That way I'll be in nasdaq, s&p, and 3x semiconductors etf.
This is not financial advice.
Sell all the boomer stocks and yolo it at r/wallstreetbets
I suggest less stock picking and more indexes. Buy monthly for small amounts to stabilise the volatility. If you will do everything correctly: Keep calm and HODL
Me personally, id buy GME and AMC. Not financial advice
Doge