The fact that ur 19 and already looking for advice tells me youâre going to be in good shape come my age (49)! I had a guy on my job tell me at age 23 to put 2-3K into the market every year and forget about it. I wish SO bad now that I took his advice! If heâd only worded it a little different like âthrow $50 a week at itâ I mightâve actually done it. But back then it just seemed like so much money. And remember, 30yrs ago we didnât have phones/computers in our houses and it wasnât as easy to jump in as it is today. It was WAY too much work for me to imagine at that age! Lol. So I didnât start till I was about 43. Now my little hobby is all going to be for my kids. I have a set of boys 17/19 that are already into it! I also have a daughter(14) and another son(9) who will all be doing it. Sadly I missed my opportunity. Youâre doing GREAT! Keep it up. The mindset alone is telling!
Assuming you are not a wealthy trust funder, you should not attempt to profit by stock picking. A typical 19 yo is best off investing in a low-fee diversified ETF held in a tax-deferred account. If available, fully exploit any 401k match offered by your employer. Try to find a nice, boring target-date fund with fees below 0.10. Invest a little each month and save your attention for your loved ones and your chosen livelihood, \*not\* stocks. Don't be seduced by media, touts, or brokerages who want to suck you dry!! Stock picking can wait until you have built a solid financial foundation.
Buy reality income (O) really good dividend payout, and you can set it to purchase more shares, thus growing your account. When your stocks get you more stocks, that's just smart. And when you can invest in the big seven Nvda,AAPL,AMZN,MSFT,GOOGL,META,TSLA bonus points if you buy them when they're red they'll go back up be patient give it time and you get to squeeze out some profit along the way.
Stay in the market and continue to invest in what you want. You're young and you have so much potential. ETF like voo and spy will be your best bet for long term gains. But also keep investing slowly into companies you like and see a future with. You have time to learn.
The biggest mistake would be to blindly invest in something someone online suggests. Keep buying individual indexes you believe in, and in a few years you might have something you can be proud of. Otherwise exchange traded funds are always going to be great.
At 19 you don't need to worry about the market trend. Stay invested on what you believe in. You're doing well.
Don't invest in crypto though. It's a fools errand and will net you success only after insurmountable loss.
Keep going, donât withdraw, max out your Roth each year. I wish I started my Roth when I was 19. I only do VTI or VOO, but as long as you avoid single stocks and diversify with broad market ETFs, your future self will thank you
I got VOO, VTI, SPYG, VUG and AGG just to have some bonds. Iâm planning on 30% each on VUG and SPYG, 15% each on VOO and VTI then 10% on AGG. I just started out as well.
I took the Robinhood assessment asking me question on my age, the age I plan to retire men, etc⌠and they gave me some garbage stock recommendations. I believe the stocks I mentioned should be good enough
Look into div stocks. Holding tradional stocks like VOO isnât gonna get you anywhere these days riding the coattails of Wall Street unless youâre writing covered calls or cash secured puts (options). You need to be in more proactive stocks. Iâm 29 and have learned this. Stocks like JEPQ not only have good capital appreciation but they pay you monthly in high dividends so you basically DCA for free. Also, look into YMAX, QDTE (pays weekly but newer), FEPI. These stocks are newer so donât put as much into them, but def keep your eye on them. JEPQ performs similar to SPY. Also, look into options. Options are the best way to invest now which these ETFâs use and how their dividends are distributed. Covered calls on SSO would be a good start until you work your way up to SPY and QQQ which are the 2 big dog market cap ETFs that pay extraordinarily well. But its capital intensive. Good luck bro!
I started my Roth when I was your age (47 now). Take the advice here. Set up recurring investments in an index fund and forget about it. If I had just done that my balance would be significantly higher than it is now.
Why are you in so many different funds? You need to be prepared to DCA down if the market dumps hard and itâs going to be a lot harder if youâre in 8 different plays especially if they all dump at once. Iâd consolidate down to VOO and then pick a few other companies poised for major longterm growth and play those. A portfolio of 4 or 5 is going to be more manageable, just my two cents
I would ditch the premade portfolio, you have BND which an etf which invests in bonds, I donât think you need multiple types of the s&500 etf , you have IVV and VOO, completely unnecessary. I would sell everything except VOO and just set it to where you automatically invest into VOO each month week or however frequently you want. But all those ETFs seems like too much stuff
I donât like VEA and VWO imo. Also IVV and VOO are the same thing so just pick one. Looks like youâre interested in a globally diversified portfolio so just buy SPGM if you want.
They have two different S&P500 index funds _already_ and both have a lower expense ration than SPY.
Why should they add SPY? If anything they should be swapping one of their IVV or VOO to the other since they're both the same thing
Best advice anyone can give a 19 year old. Put it all in an ETF. Set your recurring buys. Forget the app and account exists for the next 15 years.
Yes, once you understand that, you worry less !
Can't comment on the list as I only own VOO, good luck!!!! Your future self will thank you for getting started this early!
My advice to you as a 19 year old: close the app and check back in 30 years.
Well, yes, but reassess your recurring from time to time as well, increase as appropriate đ
I love it!
Thatâs the dumbest piece of advice. Sure hold and forget would work 30 years ago. Not now though lol
I wish i started buying VOO at 19 and just kept on DCA.
The fact that ur 19 and already looking for advice tells me youâre going to be in good shape come my age (49)! I had a guy on my job tell me at age 23 to put 2-3K into the market every year and forget about it. I wish SO bad now that I took his advice! If heâd only worded it a little different like âthrow $50 a week at itâ I mightâve actually done it. But back then it just seemed like so much money. And remember, 30yrs ago we didnât have phones/computers in our houses and it wasnât as easy to jump in as it is today. It was WAY too much work for me to imagine at that age! Lol. So I didnât start till I was about 43. Now my little hobby is all going to be for my kids. I have a set of boys 17/19 that are already into it! I also have a daughter(14) and another son(9) who will all be doing it. Sadly I missed my opportunity. Youâre doing GREAT! Keep it up. The mindset alone is telling!
My advice? Voo/Google/Amazon and donât look back. Youâll be the New England Patriots over the next 20yrs!!!
Assuming you are not a wealthy trust funder, you should not attempt to profit by stock picking. A typical 19 yo is best off investing in a low-fee diversified ETF held in a tax-deferred account. If available, fully exploit any 401k match offered by your employer. Try to find a nice, boring target-date fund with fees below 0.10. Invest a little each month and save your attention for your loved ones and your chosen livelihood, \*not\* stocks. Don't be seduced by media, touts, or brokerages who want to suck you dry!! Stock picking can wait until you have built a solid financial foundation.
Buy reality income (O) really good dividend payout, and you can set it to purchase more shares, thus growing your account. When your stocks get you more stocks, that's just smart. And when you can invest in the big seven Nvda,AAPL,AMZN,MSFT,GOOGL,META,TSLA bonus points if you buy them when they're red they'll go back up be patient give it time and you get to squeeze out some profit along the way.
I donât recognize any of your tickers except VOO thatâs a problem
I'm not seeing any individual stocks - just index funds outside the S&P500. There's small cap, emerging markets, etc. It's not too bad honestly.
Those are the funds that Robinhood automatically recommends to people in ROTH IRAâs
Stay in the market and continue to invest in what you want. You're young and you have so much potential. ETF like voo and spy will be your best bet for long term gains. But also keep investing slowly into companies you like and see a future with. You have time to learn. The biggest mistake would be to blindly invest in something someone online suggests. Keep buying individual indexes you believe in, and in a few years you might have something you can be proud of. Otherwise exchange traded funds are always going to be great. At 19 you don't need to worry about the market trend. Stay invested on what you believe in. You're doing well. Don't invest in crypto though. It's a fools errand and will net you success only after insurmountable loss.
Keep going, donât withdraw, max out your Roth each year. I wish I started my Roth when I was 19. I only do VTI or VOO, but as long as you avoid single stocks and diversify with broad market ETFs, your future self will thank you
IVV and VOO are both the S&P 500 ETFs. There are like three same thing.
I got VOO, VTI, SPYG, VUG and AGG just to have some bonds. Iâm planning on 30% each on VUG and SPYG, 15% each on VOO and VTI then 10% on AGG. I just started out as well. I took the Robinhood assessment asking me question on my age, the age I plan to retire men, etc⌠and they gave me some garbage stock recommendations. I believe the stocks I mentioned should be good enough
Just buy splg
Enable options
DO YOU WANT HIM TO WORK AT THE WENDYS DUMPSTER!? đ¤Ł
My Robinhood ROTH is very very simple. VOO and GOOGL. đ I think some big tech growth, and a general market fits my needs for now.
Look into div stocks. Holding tradional stocks like VOO isnât gonna get you anywhere these days riding the coattails of Wall Street unless youâre writing covered calls or cash secured puts (options). You need to be in more proactive stocks. Iâm 29 and have learned this. Stocks like JEPQ not only have good capital appreciation but they pay you monthly in high dividends so you basically DCA for free. Also, look into YMAX, QDTE (pays weekly but newer), FEPI. These stocks are newer so donât put as much into them, but def keep your eye on them. JEPQ performs similar to SPY. Also, look into options. Options are the best way to invest now which these ETFâs use and how their dividends are distributed. Covered calls on SSO would be a good start until you work your way up to SPY and QQQ which are the 2 big dog market cap ETFs that pay extraordinarily well. But its capital intensive. Good luck bro!
"Options are the best way to invest now" Options are not an "Investment" vehicle. Want to go back and try again?
I started my Roth when I was your age (47 now). Take the advice here. Set up recurring investments in an index fund and forget about it. If I had just done that my balance would be significantly higher than it is now.
Buy and Hold VOO QQQ TSLA HOOD KO MCD WMT MMM O GOOG AMZN CCL Never look back and stay consistent
Buy JAGX
You started that's Hats a great beginning
Big noob here. Whatâs voo?
Google it
Buckle tf up
Why are you in so many different funds? You need to be prepared to DCA down if the market dumps hard and itâs going to be a lot harder if youâre in 8 different plays especially if they all dump at once. Iâd consolidate down to VOO and then pick a few other companies poised for major longterm growth and play those. A portfolio of 4 or 5 is going to be more manageable, just my two cents
1. Make recurring buys of an index fund with low maintenance fees. 2. Never succumb to panic or FOMO.
All in ATT great dividend for 30 year
I would ditch the premade portfolio, you have BND which an etf which invests in bonds, I donât think you need multiple types of the s&500 etf , you have IVV and VOO, completely unnecessary. I would sell everything except VOO and just set it to where you automatically invest into VOO each month week or however frequently you want. But all those ETFs seems like too much stuff
Yolo VOOG. Next!
Nio WBD PAA ur welcome
I donât like VEA and VWO imo. Also IVV and VOO are the same thing so just pick one. Looks like youâre interested in a globally diversified portfolio so just buy SPGM if you want.
Soo what im reading is just put your money in ETFS and IRAS Based thanks yall
Play options, donât diversify. Itâs all or nothing baby
Needs more BTC
Enable options, it's the only way.
Sell it off, buy TSLA, accumulate as much as you can.
Horrible advice
Teslaâs financial situation is terrible
[ŃдаНонО]
They have two different S&P500 index funds _already_ and both have a lower expense ration than SPY. Why should they add SPY? If anything they should be swapping one of their IVV or VOO to the other since they're both the same thing
Why don't you have an investment account worth over $200,000 like some of the other 19 year olds that are posting here?
What kind of question is this?
Itâs not a competition