InvestmentAdvice #TeensAndInvesting #DiversifyYourPortfolio
Hey there! 👋 It’s awesome to see someone so young already thinking about investments and growing their money. It sounds like you’re off to a great start with your investment in the s&p 500!
Here are a few things you might want to consider as you continue on your investing journey:
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Diversification: While the s&p 500 is a solid choice, it’s always a good idea to diversify your portfolio to spread out risk. Consider looking into other types of investments like bonds, real estate, or international stocks.
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Education: Since you’re still young and new to investing, take the time to educate yourself. Read books, follow financial news, and maybe even consider taking a course on investing to increase your knowledge.
- Risk Tolerance: It’s great that you feel comfortable with potentially more risky investments, but make sure you understand your risk tolerance and have a clear investment strategy in place.
As you start earning more money from your job, you may want to consider consulting with a financial advisor to help you create a solid investment plan that aligns with your goals.
Keep up the great work with your investments, and remember that learning and adapting your strategies as you grow is key to building long-term wealth. You’re off to a fantastic start, and the fact that you’re seeking advice shows that you’re on the right track! 📈💸
You don’t need to diversify much more than that because you are already diversified in us equities. Your time horizon is so long that you don’t really need to put some in bonds. You don’t really need international either.
Don’t try to time the market. Just let it ride.
If you get bored. Follow ipos, and if there is ever one that is intriguing and you think it is going to take off, put a small amount – SMALL!!!- in that just to make things interesting. The reality is that picking any individual stocks won’t do better than the index fund in the long run, so this is to just make things exciting. Just a small % of your portfolio. I doubled my money in a year on CAVA, but I also could have lost it all.
Smart move starting young. Don’t overthink it at 15. Keep riding the S&P 500, maybe throw some in a broad index fund. When you get the job money, start learning about industries you think are interesting.
Who opened the account for you? What advice do they have for you?
I would definitely add some QQQ
S&P is great as a long-term vehicle. Lot of people use Vanguard VOO to do just that.
Your brother is great to get you into index funds. I’m a big fan of the book “The Simple Path to Wealth” by JL Colin’s he is a big advocate of that.
The first 100k is the hardest and the most import. Work you butt off over the next 10 years and save as much as you can because the biggest advantage you have is time.
Go out and play with your friends.
At this stage, keep it simple. SP500 is fine. Once you start accumulating more, and increasing your income, you can expand from there.
You are doing the exact right thing. I recommend that you have a base investment in the S&P 500 at all times. You never sell it, ever. Let it grow, and keep adding to it. As your income increases, then you can look to expand into different things. But, never change that base position.
I’d say just focus on getting your consistency. Consistently put a little bit of money into the s&p 500 each time you get paid and up it whenever you start making more money. You’ll hit FIRE before you turn 35 if you put away about 50%, and before 50 if you put away 25%. Good luck 🙂
Dude. At 15 you should be out chasing pussy. You know you’re gonna make money.
If you’re keen, listen to Warren Buffett. He’s a wizard and has headed one of the best performing funds ever. If you can learn to read the market the way he did, you’ll never want for anything.
Also, be a kid.
You’ll only do it once.
Don’t waste it only chasing money.
When you get a job, open a Roth IRA and try to save as much as you can. And never withdraw this early money you’re investing. Your 45 year old self with thank you. Great start, and stick with it!
I wish I started this young. I made pretty good money and was not very spendy at all. Problem is I just threw everything in my savings account to barely grow. S&p 500 and let it ride
For any money that you want to invest, ask yourself 3 questions:
1) what do you want to use the money for?
2) when will you need it?
3) what kinds of risk are you willing to accept?
If the answers are:
1) retirement
2) 20+ years
3) major swings, and being underwater for 10+ years
Then an S&P500 fund is a great long-term choice.
But if you are trying to save money for college in 3 years, it would be a terrible choice. The stock market could easily tank right when you need it.
In that case, a high yield savings account, or CD might be a better choice.
So, don’t think of the S&P500 fund as the best choice for all situations. Choice the right investment option based on the timeline and risk tolerance.
At a young age, your investments can have a lot of risk. Don’t sell while you’re down, and you can ride out a lot of volatility. The easiest is an S&P 500 fund like VOO. Feel free to stop there.
You could consider leverage, there’s a lot to consider but it gets you a lot more exposure to the market when you have such a small amount invested. SPUU is the lowest expense ratio S&P 500 2x leverage fund I know of.
Before buying leveraged ETFs, watch Ben Felix’s video, “Investing With Leverage (Borrowing to Invest, Leveraged ETFs)”. It is something you should research a good amount before you choose to do it, and you have to stick with it.
Great job, OP. Making good decisions
I would suggest taking more risk but be calculated. You have time on your side
I would suggest taking more risk but be calculated. You have time on your side
I would suggest taking more risk but be calculated. You have time on your side. Have your core of investments and take some speculative plays