Investment Strategy

Updated: Jun 16, 2021

Tuesday, June 1, 2021

Now that we have the terminology down, and we know how much money we are looking to invest, where do I start!?

First if you don’t have one already, you need to open up a brokerage account. The main ones I want to focus on are individual accounts and Roth IRA’s. An individual account you will be taxed on your profits but can freely access your money whenever you would like. The Roth IRA will be tax free but you cannot touch the money until you are 59 ½. If you don’t have a 401k I recommend setting up a Roth IRA.

With that behind us, when my money goes into my account where do I put it!?

1) All of it goes into a broad ETF like VTI or VOO. VTI track the whole stock market and VOO tracks the S&P 500 which is 500 of the biggest companies in the USA!

2) You put 50-75% into VTI or VOO and the rest you put into individual stocks of your choosing.

3 50% VTI or VOO, 25% individual stocks 25% bonds. I personally don’t hold much in bonds because I like to treat my high yield savings account like a bond.

Now you're on your way to building that nest egg of your dreams!

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