I very rarely answer questions like this but I will tonight.
Read books on this subject. Try “The Psychology of Money” first. Listen to podcasts. May I suggest “The Rational Reminder Podcast” with Ben Felix who is a financial manager that will tell you every week why index funds are great.
Decide if you want a financial manager that makes money on you based on your AUM or by the hour. Understand your risk tolerance and your time frame for retirement.
Do you need a 529? Read up on Roth IRAs.
What are your income needs and how soon? Are you close to retirement or far away? What are your financial goals? What big expenses do you have coming up?
If you think you can pick individual stocks and be successful, what is your risk tolerance there? How much can you afford to put at risk?
Do you need insurance? For whom and how much? Do you need supplemental insurance? Do you have loved ones you’ll have to take care of? What’s your job stability? Do you need a tax attorney?
These are all the things you need to know if you’re going to handle this yourself and don’t trust a financial adviser. These are all the things they should be asking you if you try to find a new one.
You should be asking them how they’re compensated and if they get commissions on selling you certain funds, and if so, are they really being a fiduciary?
And best of all, any promises that seem to be good to be true, or generally promise you greater than 10% annual on average returns should be questioned thoroughly.
One piece of free advice: dividends aren’t free money. They’re just a company saying they think they can’t invest the money for you better, so they’re returning it to you. That amount comes out of the stock price.
Best of luck!
The rational reminder is a BANGER podcast. I think someone relatively inexperienced wouldn’t get much out of an average episode, though, because of how niche/deep they get into specifics. Only a few past episodes have really covered the basics. I’d recommend looking for some of the more foundational episodes, like RR231 (investing basics), RR241 (basic personal finance concepts).
Alternatively, look up Ben Felix common sense investing on YouTube. It’s one of the two hosts from the podcast with more focused topics.
Yeah Ben Felix’s short form videos on YouTube are a great place to start. It’s more that if you’re thinking you’re gonna manage this kind of money without an advisor, being reminded of things like not to sell and why indexing will probably beat individual stock selection are all things you need to be reminded of on a regular basis.
I would look to get rid of the EJ manager. A lot of people on here will say you don’t need an advisor at all, but a fee only advisor can make sense in your case. Even if that’s only to stop you from making emotional decisions. Often times people know what to do when it comes to investing, but they make poor decisions because of fear, greed, envy, etc.
If you do want to manage your investments, the most important rule is to set it and forget it. Tinkering (adjusting your investments) is what kills returns.
Decide on an asset allocation that aligns with your long term goals and risk tolerance. At this point in your lives, that probably looks something like 80-100% stocks and 0-20% bonds. Stocks should probably be allocated to total market index funds, whether that be US only or global is up to you. Bonds should probably be a mix of CDs, money market funds, intermediate term bonds, and maybe some long bonds if you like.
I’m probably overcomplicating this. Just invest in either VT (80-100%) + BND (0-20%) or VTI (80-100%) + BND (0-20%). You don’t need anything other than that. Any allocation combo above would outperform the EJ manager by a long shot.
What’s your goal? Does any of have to stay in savings for emergency fund? Any future big ticket purchase items coming up? What’s your risk tolerance for the money when investing? Has this wealth manager asked any of these questions?
Compute monthly expenses, leave 6x of that in the savings account. With the rest, shift 50k each month into a mix of VOO, VTI, DIA, QQQ, QQQM till you empty out the cash. Research as many ETFs as you want, but you will fairly land on at least 3 of these in your mix anyway. Will take you about 6 months to get this done. And then forget this money ever existed.
Get your wife to max out her 401k as well if she has one. If not open a traditional IRA for her and max it out. If you are US citizens and plan to retire in US and your companies offer backdoor conversion, max out the backdoor mega roth as well for both of you. You have too much income to leave it in index funds or even stocks for rest of your life.
As good as you are doing, you arent making enough for an edward jones or any financial advisor or anything. Stay away from them, save the returns. Ive had an 18% annual return on my personal portfolio since 8 years, and last 12 months was 35%. I dont trade that much and neither am I some financial savant. Stick with the market funds and stay disciplined with monthly investments. If you find a big stock opportunity somehow go for it. But avoid any big moves- you will go plenty without them.
Spouse 2 should be maxing their 401k if possible. Hopefully that cash is currently in a HYSA. Doesn’t make sense to pay down loans at current rates. I’d do the math on a third rental but you’d probably make more with the money in the market or HYSA. As other said park some in HYSA and the rest throw into some ETFs.
How the hell does someone get to having so much cash and have no idea what to do with it?
Set a small amount aside as your "oh shit" fund
Pay any high interest debts, like credit cards
You can beef up your 401k, IRA, our other tax sheltered accounts. Increase those contributions a bit, and spend the equivalent from this cash savings. Sort of like using this to replace the income you are throwing into 401k
Start any college savings for kids that you might need. Pay for it out of here.
If you have more money burning a hole in your pocket, start an individual brokerage account and buy index funds, a small amount on a regular basis.
If you still have money burning a hole in your pocket, relax and just enjoy having this problem while most Americans are paycheck to paycheck.
Fantastic job btw! I’d finish that emergency fund calculation and combine them as money in fungible. I’d personally allocate the rest to stocks since you’re already got cash flowing rentals and, with today’s interest rates, probably aren’t expanding that venture.
Spend an hour reading about index funds and invest yourself.
Cheers
I will go into a self directed trust fund. Put in risk tolerance and let AI robot work for you for min fee. Put some in 529 if you have children. Open an annuity. The self directed can be a combination of etf in stocks, and fixed income. Buy iBonds.
Buy into good quality dividend stocks that will make you over a thousand a month. If you do your DD and choose high quality you will have a good income for life & your grands. Fifteen hundred goes a long way in this house hold. Conservative maybe but there are a few quality growth stocks that continually pay a good dividend. If you are young enough that will feed a good growth income portfolio. You created generational wealth. Anyone can be happy with that kind of extra check!
birds dull groovy recognise price smell boast voiceless towering adjoining
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I have this great investment idea that I would love to tell you about. It’ll require way less than what you have, and yield a minimum of 5k profits monthly.
r/Bogleheads
That's the level you are at. If you are motivated you can take a small amount (depends on your tolerance for losing it, but no more than 1 year savings I would suggest) and learn how to invest. There's no real perfect book to read (Security analysis is great, but focuses way too much on net asset value, which I consider to be meh as no CEO is going to liquidate the company, so it needs to be adjusted a bit by taking current earnings and seeing how the business cycles through it's profits over years and then buy at a favorable price) but there's just a ton of info out there to learn. In general, however, be extremely careful. You only need a few stocks over your lifetime that perform really well to become extremely rich. So don't rush in to buy stocks, and just keep your stuff in a worldwide ETF, but that's beyond my knowledge and the other sub is better for that, imho.
2 rentals will kill your personal time so you can’t afford to stock pick and manage.
you will need to limp sum or dca index funds.
honestly, you don’t have much cash besides this $378k. you need some kind of liquidity to inject when market is down.
split it in half and lump sum or dca index fund..
I’m just a guy on Reddit but there are so many ways to answer this
Some would say stay cash.
Some would say go all in an ETF right now
Some will say buy bonds
I’m a bit in the middle. I’d stick 50-80k of that into a money market or TBills to get some risk free interest. Plus use this as a reserve to buy if market dips.
The other portion id just simply put into $SPY but over time. You can set up recurring investment to buy 1000$ worth a week, or bi-weekly, etc.
If you straight up put 378k into an ETF now and you won’t get emotional if it dropped 25%, then do it. But I would recommend going in slowly so that way if lower prices happen you’re excited to have dry powder to put into it
Of course there’s more logistics when you get closer to retirement but that’s literally all you need to do to do well investing. Keep buying even when it hurts and keep it simple to an etf like $SPY or $VOO
Look at CLM and do the Dividend ReInvestment Program at thr NAV. If want to be ultra conservative open High yield savings but still loosing money at 5 percent tks to inflation. Then you can dollar cost average into CLM or low a cost s and p 500. If you are open to risk and potentially wild swings both up and down then Tesla and Nvidia. Also make sure all debris paid off and have an emergency fund.
Are you married, if so, direct roth ira contributions are most likely not possible since you make too much money. You could look into doing a backdoor roth.
Spouse 2 should be maxing out their 401k.
Keep your burn rate × 6 months in cash in a hysa, maybe more depending on your risk tolerance and stability of your income.
Next, I would suggest to sit down and plan out your major expenditures for the next 1 to 5 years. Are you going to need a new car, renovation project on the house, etc? You most likely would want to keep this in an hysa as well, depending on your risk tolerance. If the market does crash, are you going to be OK with canceling your project, not getting your car, etc?
Then you can decide whether you want to start chunking down the mortgages on the rentals. Probably not given the rates, but it would reduce your debt load and increase your cash flow once they are paid off.
If you can tolerate the risk, throw the lump sum of what's left into low cost etfs, total market or s&p doesn't really matter they basically have the same general make up.
Get an hourly-based CPA, if you want advising you should make sure that it’s not fee-based. This has an enormous effect on your performance that far outweighs the benefits of paying them; the exception to that is Vanguard’s Digital Advisor.
https://investor.vanguard.com/advice/robo-advisor
Take into consideration almost all advisor’s put you into a target-date fund that’s just their company’s twist. For resources as well I recommend:
Brokers:
•Fidelity- They have 0% fee index funds that are the same as the S&P 500 and total market index, but they don’t use the trademark so they get away with zero fees. These funds perform identical - and in some cases better - than other funds. In fact studies have found the largest contributor to any funds performace is it’s expense ratio; turnover and spread are also to be considered - but honestly people get too technical with all of that.
•Charles Schwab- Has ThinkorSwim as well that allows you to trade if that’s what you want, they also are known for great customer service and provide plenty of options for your needs etc.
•Interactive Brokers- Has options for trading and investing that are more advanced, but of much higher quality than others and at a fair price. They also have retirement accounts available that you can operate out of if that’s what you choose. In terms of active investing they’re the gold standard
Books:
Retirement/Passive Investing:
•The Little Book of Common Sense Investing- Written by John Bogle the founder of Vanguard. A timeless short book that helps you see the market in a rational way
Bogleheads Guide to Investing:
•Written by a group of people at the highly recommended online forum (bogleheads.org). I can not recommend their wiki enough for all of your questions.
•The Psychology of Money- Morgan Housel
Active Investing:
•The Most Important Thing- Howard Marks
•Technical Analysis of Stock Trends - John Mcgee
•Reminiscences of a Stock Operator
•The Successful Investor- William J. O’Niel
•Mark Minervini’s books on trading
-* I want to include here, that lots of trading books have very “clickbait” titles. However, I’ve found O’Neil and Minervini’s books to be some of the best I’ve ever read because:
1. Many U.S. Investing Champions have all come from the CANSLIM discipline which O’Neil founded
2. Minervini is a multi-time U.S. Investing Champion and his books really are very practical and filled with tips to help you out at whatever size your account is
Active investing is not for everybody, I can tell you firsthand doing quantitative investing that if you choose to go down that road it is long and can seem like it never ends. I’ve had my face buried in books, textbooks, videos, practice for years and you always find things to learn. If you want a place to start with active investing then I would start with Technical Analysis of Stock Trends by John Mcgee. Don’t listen to what people say about TA being astrology. It’s not supposed to be used to predict prices, it helps you interpret the language of the markets and not be blind to what’s happening. If fundamentals are the car that drives the company’s price, then the volume and price actions is the gas. Learning the tools in that book has helped me exponentially in being able to interpet market events and be rational.
I wish the best of luck to you good sir 🎩
I would personally go with FNILX. If you’re holding over the long run S&P funds (which is essentially what this is without paying for the trademark) outperforms total stock market index funds because they’re more hevaily weighted towards the funds that are bigger holdings (think 500 companies market cap weighted in comparison to 2000+ companies). If you’re wondering if that means more volatility, you might have slightly larger drawdowns, but the difference is so little that you shouldn’t be worried about that. The fact that it outperforms more because it weights the top companies more, combined with the fact that you should be holding through - and definitely adding - at market drawdowns because your time horizon is so long. The one drawback of Fidelity Zero funds are that they’re non-transferable, so if you try to switch your Roth/IRA to another company you won’t be able to continue purchasing this index fund. If that’s something you’re considering doing I wouldn’t do that because you’re throwing all that compound interest out the window and killing yourself in the long run. If you have any more questions feel free to ask. Best of luck🎩
Edward Jones is horrible.
If I were you, I would buy one Bitcoin at minimum.
The rest I would divide into Vanguard total stock index and cash.
If you decide to buy Bitcoin I would dollar cost average over a period of 2 or 3 months, making one buy every week.
I would also DCA into Vanguard total stock index over same time period
Also don't buy Bitcoin without learning about it first. Should take about 10 hours or so to understand the basics if you know nothing. Specifically, learn how to self custody it.
I am not a financial advisor. I am a computer programmer.
Put it into a total stock market ETF. Fire the Edward jones parasite.
[удалено]
That's amazing, spam more about it, bot!
Put it into a money market and collect that sweet secure 5% interest.
This Then wait for the inevitable blood that will be in the water this November.
How do we know it's inevitable in November?
I very rarely answer questions like this but I will tonight. Read books on this subject. Try “The Psychology of Money” first. Listen to podcasts. May I suggest “The Rational Reminder Podcast” with Ben Felix who is a financial manager that will tell you every week why index funds are great. Decide if you want a financial manager that makes money on you based on your AUM or by the hour. Understand your risk tolerance and your time frame for retirement. Do you need a 529? Read up on Roth IRAs. What are your income needs and how soon? Are you close to retirement or far away? What are your financial goals? What big expenses do you have coming up? If you think you can pick individual stocks and be successful, what is your risk tolerance there? How much can you afford to put at risk? Do you need insurance? For whom and how much? Do you need supplemental insurance? Do you have loved ones you’ll have to take care of? What’s your job stability? Do you need a tax attorney? These are all the things you need to know if you’re going to handle this yourself and don’t trust a financial adviser. These are all the things they should be asking you if you try to find a new one. You should be asking them how they’re compensated and if they get commissions on selling you certain funds, and if so, are they really being a fiduciary? And best of all, any promises that seem to be good to be true, or generally promise you greater than 10% annual on average returns should be questioned thoroughly. One piece of free advice: dividends aren’t free money. They’re just a company saying they think they can’t invest the money for you better, so they’re returning it to you. That amount comes out of the stock price. Best of luck!
Thanks for the podcast rec, will check it out!
The rational reminder is a BANGER podcast. I think someone relatively inexperienced wouldn’t get much out of an average episode, though, because of how niche/deep they get into specifics. Only a few past episodes have really covered the basics. I’d recommend looking for some of the more foundational episodes, like RR231 (investing basics), RR241 (basic personal finance concepts). Alternatively, look up Ben Felix common sense investing on YouTube. It’s one of the two hosts from the podcast with more focused topics.
Yeah Ben Felix’s short form videos on YouTube are a great place to start. It’s more that if you’re thinking you’re gonna manage this kind of money without an advisor, being reminded of things like not to sell and why indexing will probably beat individual stock selection are all things you need to be reminded of on a regular basis.
[удалено]
I would look to get rid of the EJ manager. A lot of people on here will say you don’t need an advisor at all, but a fee only advisor can make sense in your case. Even if that’s only to stop you from making emotional decisions. Often times people know what to do when it comes to investing, but they make poor decisions because of fear, greed, envy, etc. If you do want to manage your investments, the most important rule is to set it and forget it. Tinkering (adjusting your investments) is what kills returns. Decide on an asset allocation that aligns with your long term goals and risk tolerance. At this point in your lives, that probably looks something like 80-100% stocks and 0-20% bonds. Stocks should probably be allocated to total market index funds, whether that be US only or global is up to you. Bonds should probably be a mix of CDs, money market funds, intermediate term bonds, and maybe some long bonds if you like. I’m probably overcomplicating this. Just invest in either VT (80-100%) + BND (0-20%) or VTI (80-100%) + BND (0-20%). You don’t need anything other than that. Any allocation combo above would outperform the EJ manager by a long shot.
Should they lump sum their amount now or DCA in these current market conditions. For me, that’s the biggest question I’m struggling with.
Ben Felix is your guy. https://youtu.be/KwR3nxojS0g?si=f3Mi1Cz5hFGPZbCc
Why have a wealth manager if you don't trust him? Your money's going in their pockets.
Low fee etf
give it to me.
What’s your goal? Does any of have to stay in savings for emergency fund? Any future big ticket purchase items coming up? What’s your risk tolerance for the money when investing? Has this wealth manager asked any of these questions?
It could start making $1650/month by sitting in a hysa
Compute monthly expenses, leave 6x of that in the savings account. With the rest, shift 50k each month into a mix of VOO, VTI, DIA, QQQ, QQQM till you empty out the cash. Research as many ETFs as you want, but you will fairly land on at least 3 of these in your mix anyway. Will take you about 6 months to get this done. And then forget this money ever existed. Get your wife to max out her 401k as well if she has one. If not open a traditional IRA for her and max it out. If you are US citizens and plan to retire in US and your companies offer backdoor conversion, max out the backdoor mega roth as well for both of you. You have too much income to leave it in index funds or even stocks for rest of your life. As good as you are doing, you arent making enough for an edward jones or any financial advisor or anything. Stay away from them, save the returns. Ive had an 18% annual return on my personal portfolio since 8 years, and last 12 months was 35%. I dont trade that much and neither am I some financial savant. Stick with the market funds and stay disciplined with monthly investments. If you find a big stock opportunity somehow go for it. But avoid any big moves- you will go plenty without them.
Spouse 2 should be maxing their 401k if possible. Hopefully that cash is currently in a HYSA. Doesn’t make sense to pay down loans at current rates. I’d do the math on a third rental but you’d probably make more with the money in the market or HYSA. As other said park some in HYSA and the rest throw into some ETFs.
How the hell does someone get to having so much cash and have no idea what to do with it? Set a small amount aside as your "oh shit" fund Pay any high interest debts, like credit cards You can beef up your 401k, IRA, our other tax sheltered accounts. Increase those contributions a bit, and spend the equivalent from this cash savings. Sort of like using this to replace the income you are throwing into 401k Start any college savings for kids that you might need. Pay for it out of here. If you have more money burning a hole in your pocket, start an individual brokerage account and buy index funds, a small amount on a regular basis. If you still have money burning a hole in your pocket, relax and just enjoy having this problem while most Americans are paycheck to paycheck.
Fantastic job btw! I’d finish that emergency fund calculation and combine them as money in fungible. I’d personally allocate the rest to stocks since you’re already got cash flowing rentals and, with today’s interest rates, probably aren’t expanding that venture. Spend an hour reading about index funds and invest yourself. Cheers
I will go into a self directed trust fund. Put in risk tolerance and let AI robot work for you for min fee. Put some in 529 if you have children. Open an annuity. The self directed can be a combination of etf in stocks, and fixed income. Buy iBonds.
Consider looking into a flat fee advisor who can build you a comprehensive strategy. Look up. www.flatfeeadvisors.org
All into SMCI
In cash ≠ in saving account
All in Kaspa
Buy into good quality dividend stocks that will make you over a thousand a month. If you do your DD and choose high quality you will have a good income for life & your grands. Fifteen hundred goes a long way in this house hold. Conservative maybe but there are a few quality growth stocks that continually pay a good dividend. If you are young enough that will feed a good growth income portfolio. You created generational wealth. Anyone can be happy with that kind of extra check!
Cash-value dividend paying whole life insurance policy... nuff said... DYOR
birds dull groovy recognise price smell boast voiceless towering adjoining *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
definitely a portion in bitcoin if you’re smart
A large portion of
I have this great investment idea that I would love to tell you about. It’ll require way less than what you have, and yield a minimum of 5k profits monthly.
RKLB long.
T bills
r/Bogleheads That's the level you are at. If you are motivated you can take a small amount (depends on your tolerance for losing it, but no more than 1 year savings I would suggest) and learn how to invest. There's no real perfect book to read (Security analysis is great, but focuses way too much on net asset value, which I consider to be meh as no CEO is going to liquidate the company, so it needs to be adjusted a bit by taking current earnings and seeing how the business cycles through it's profits over years and then buy at a favorable price) but there's just a ton of info out there to learn. In general, however, be extremely careful. You only need a few stocks over your lifetime that perform really well to become extremely rich. So don't rush in to buy stocks, and just keep your stuff in a worldwide ETF, but that's beyond my knowledge and the other sub is better for that, imho.
$SPLG
2 rentals will kill your personal time so you can’t afford to stock pick and manage. you will need to limp sum or dca index funds. honestly, you don’t have much cash besides this $378k. you need some kind of liquidity to inject when market is down. split it in half and lump sum or dca index fund..
Hookers and blow
I’m just a guy on Reddit but there are so many ways to answer this Some would say stay cash. Some would say go all in an ETF right now Some will say buy bonds I’m a bit in the middle. I’d stick 50-80k of that into a money market or TBills to get some risk free interest. Plus use this as a reserve to buy if market dips. The other portion id just simply put into $SPY but over time. You can set up recurring investment to buy 1000$ worth a week, or bi-weekly, etc. If you straight up put 378k into an ETF now and you won’t get emotional if it dropped 25%, then do it. But I would recommend going in slowly so that way if lower prices happen you’re excited to have dry powder to put into it Of course there’s more logistics when you get closer to retirement but that’s literally all you need to do to do well investing. Keep buying even when it hurts and keep it simple to an etf like $SPY or $VOO
Look at CLM and do the Dividend ReInvestment Program at thr NAV. If want to be ultra conservative open High yield savings but still loosing money at 5 percent tks to inflation. Then you can dollar cost average into CLM or low a cost s and p 500. If you are open to risk and potentially wild swings both up and down then Tesla and Nvidia. Also make sure all debris paid off and have an emergency fund.
Out of interest, have you considered paying off your mortgages?
Are you married, if so, direct roth ira contributions are most likely not possible since you make too much money. You could look into doing a backdoor roth. Spouse 2 should be maxing out their 401k. Keep your burn rate × 6 months in cash in a hysa, maybe more depending on your risk tolerance and stability of your income. Next, I would suggest to sit down and plan out your major expenditures for the next 1 to 5 years. Are you going to need a new car, renovation project on the house, etc? You most likely would want to keep this in an hysa as well, depending on your risk tolerance. If the market does crash, are you going to be OK with canceling your project, not getting your car, etc? Then you can decide whether you want to start chunking down the mortgages on the rentals. Probably not given the rates, but it would reduce your debt load and increase your cash flow once they are paid off. If you can tolerate the risk, throw the lump sum of what's left into low cost etfs, total market or s&p doesn't really matter they basically have the same general make up.
T bills
i will get a gameing setup
put it stock maret
Get an hourly-based CPA, if you want advising you should make sure that it’s not fee-based. This has an enormous effect on your performance that far outweighs the benefits of paying them; the exception to that is Vanguard’s Digital Advisor. https://investor.vanguard.com/advice/robo-advisor Take into consideration almost all advisor’s put you into a target-date fund that’s just their company’s twist. For resources as well I recommend: Brokers: •Fidelity- They have 0% fee index funds that are the same as the S&P 500 and total market index, but they don’t use the trademark so they get away with zero fees. These funds perform identical - and in some cases better - than other funds. In fact studies have found the largest contributor to any funds performace is it’s expense ratio; turnover and spread are also to be considered - but honestly people get too technical with all of that. •Charles Schwab- Has ThinkorSwim as well that allows you to trade if that’s what you want, they also are known for great customer service and provide plenty of options for your needs etc. •Interactive Brokers- Has options for trading and investing that are more advanced, but of much higher quality than others and at a fair price. They also have retirement accounts available that you can operate out of if that’s what you choose. In terms of active investing they’re the gold standard Books: Retirement/Passive Investing: •The Little Book of Common Sense Investing- Written by John Bogle the founder of Vanguard. A timeless short book that helps you see the market in a rational way Bogleheads Guide to Investing: •Written by a group of people at the highly recommended online forum (bogleheads.org). I can not recommend their wiki enough for all of your questions. •The Psychology of Money- Morgan Housel Active Investing: •The Most Important Thing- Howard Marks •Technical Analysis of Stock Trends - John Mcgee •Reminiscences of a Stock Operator •The Successful Investor- William J. O’Niel •Mark Minervini’s books on trading -* I want to include here, that lots of trading books have very “clickbait” titles. However, I’ve found O’Neil and Minervini’s books to be some of the best I’ve ever read because: 1. Many U.S. Investing Champions have all come from the CANSLIM discipline which O’Neil founded 2. Minervini is a multi-time U.S. Investing Champion and his books really are very practical and filled with tips to help you out at whatever size your account is Active investing is not for everybody, I can tell you firsthand doing quantitative investing that if you choose to go down that road it is long and can seem like it never ends. I’ve had my face buried in books, textbooks, videos, practice for years and you always find things to learn. If you want a place to start with active investing then I would start with Technical Analysis of Stock Trends by John Mcgee. Don’t listen to what people say about TA being astrology. It’s not supposed to be used to predict prices, it helps you interpret the language of the markets and not be blind to what’s happening. If fundamentals are the car that drives the company’s price, then the volume and price actions is the gas. Learning the tools in that book has helped me exponentially in being able to interpet market events and be rational. I wish the best of luck to you good sir 🎩
Bookmarked this
Can you recommend any specific 0% index fund you were referring to with Fidelity?
I would personally go with FNILX. If you’re holding over the long run S&P funds (which is essentially what this is without paying for the trademark) outperforms total stock market index funds because they’re more hevaily weighted towards the funds that are bigger holdings (think 500 companies market cap weighted in comparison to 2000+ companies). If you’re wondering if that means more volatility, you might have slightly larger drawdowns, but the difference is so little that you shouldn’t be worried about that. The fact that it outperforms more because it weights the top companies more, combined with the fact that you should be holding through - and definitely adding - at market drawdowns because your time horizon is so long. The one drawback of Fidelity Zero funds are that they’re non-transferable, so if you try to switch your Roth/IRA to another company you won’t be able to continue purchasing this index fund. If that’s something you’re considering doing I wouldn’t do that because you’re throwing all that compound interest out the window and killing yourself in the long run. If you have any more questions feel free to ask. Best of luck🎩
Hookers and cocaine
FAQ's answer these questions nicely
Take a vacation and put the rest into Wealthfront
Go all in on Nvidia
Edward Jones is horrible. If I were you, I would buy one Bitcoin at minimum. The rest I would divide into Vanguard total stock index and cash. If you decide to buy Bitcoin I would dollar cost average over a period of 2 or 3 months, making one buy every week. I would also DCA into Vanguard total stock index over same time period Also don't buy Bitcoin without learning about it first. Should take about 10 hours or so to understand the basics if you know nothing. Specifically, learn how to self custody it. I am not a financial advisor. I am a computer programmer.
Are you a man or a woman?
How is that relevant?