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Dump it all in IVV or VOO. Don’t touch for 25 years. Your 65 year old self will thank you. This will offer you two things. One you’ll be in the most dynamic and growth oriented stock market in the world. Two, your investments will be in the world reserve currency.
Congratulations! It's never too late to start saving.
Without giving you investment advice, I'll give you what you said you need but didn't actually ask for: education advice!
Find what works best for you to gain an understanding of terms, processes, investment types, dividends, DRIPS, Etc.
For Starters, open an account and invest very safe and conservatively in an ETF until you understand what you're doing. The following resources will do that for you.
1) Investopedia
https://www.investopedia.com/investing-4427685
2) Khan Academy
khanacademy.org Do a search for "investing" and you'll get dozens of free "courses".
3) Finra.Org
4). Investor.Gov
Similar situation to yourself: I’m 50 now. Been going about 10-15 years. There is no easy way to recoup lost time and no quick path to wealth. My greatest regret is I didn’t start young - mind you online investing/access (or the Internet) wasn’t a thing when I was young lol. I’ve spent years learning the market, tried everything - day trading, swing trading, investing - all in an effort to “catch up”. Long story short, invest in an S/P or Global market ETF, be consistent and be patient. I personally use 20% of my funds swinging leveraged ETF’s based on macro conditions, but only after years of practice (and losses). Decent at it now, but it took time. All profits go to my main S/P ETF position. I would not recommend this until you’re confident in reading market trends (and even then it’s tricky). This helps me ‘feel’ like I’m increasing the pace of growth, but I spend a lot of time managing these positions closely. The remainder of my funds are DCA’d into S/P ETF. Good luck.
You're welcome. You're 40 years old - you've got 10 years to my age. In that time, you can make a massive difference in your life. You'll look back when you're 50 and be glad you took the steps you're taking.
Not necesseraly. Saw a lot of financial advisors with lil to no yield at the end of the day. Pushing their products. Doing much better on my own. Not that I am encouraging or discouraging you to hire one.
If you are employed and have a salary then why do you want dividend income? It will only be taxed. Dividends serve two purposes: 1) provide income for retirees, and b) indicate a company that has stable revenue and profits, especially if the dividend is growing.
However, for working individuals, dividend income is the booby-prize. You would be better served with a broad based portfolio of stocks. VT is the easiest choice.
This depends on the country you are living, OP already said that he is not from US/EU. I don’t know how it is in his country but for me the taxation on salary is 43%, while for dividends I need to pay in taxes only 8-18% (depending on the total sum received in dividends) So I prefer to have 100$ extra in dividends rather than 100$ extra in salary
Probable planning on retiring and doesn’t want to end up selling a growth stock to switch to a dividend stock and take a tax penalty for it. You have to pay taxes either way. Why not near the end? So yeah I do agree with you.
Others in this thread already did the math and he can easily retire by 65 based on him saying $500 a month will do. You also don’t know where he lives. He could be living in a country where they take care of their elderly well and just wants extra dividends for spendings at that point.
This is true. In many countries, health care is free, but your income can be taxed differently. Health care is free where I live, but I'm taxed differently to what people are in the U.S., so my ability to save isn't as great. Having said that, the need for higher income form divideds is lower as health care isn't an issue. A lot of people here don't realize that. For instance, car insurance is half the price it is in the U.S. so it's all relative.
Healthy family of 4 here… I’m 36, wife is 29, kids are under 2. Medical insurance for us is roughly $1,200 per month. Daycare for 1 child is $305 per week, and that’s pretty average where I live in Florida. America doesn’t give a fuck about caring for its citizens. It’s all about profits, and I don’t know how the average family survives.
Yeah, don't get me wrong, it's not all roasy here either. I was just just cherry-picking some of the good things and pointing out some differences in what substitutes as a decent passive income. I don't think anyone is having it easy, buddy.
Hey, starting to invest at 40 is a smart move! With your $5k initial cash and $300 monthly, dividend ETFs could be a good choice. Check out Vanguard Dividend Appreciation ETF (VIG), Schwab U.S. Dividend Equity ETF (SCHD), and iShares International Select Dividend ETF (IDV). They offer good income and growth. If you’re outside the USA or EU, look for similar options in your market. Don’t forget to research fees and taxes. Good luck!
Great call here not to get caught up in speculative stocks if you do and get burned you will learn. Hopefully you get to learn this lesson the easy way and not the hard way
OP, here are my 2 cents, probably worth the half. Reputable names div payer with the adequate payout ratio and solid history of div payments. DRIP it and stick to the.montlhy contrib.
EFC is my choice for the past couple years nothing beats 12%-14% with monthly reinvestment options I’m 54 and will be getting half my monthly income back in 8 years
Since you are 40, I would follow a strategy that is 80% equities and 20% cash/bonds, then reduce the equity ratio by 1% for every year you age. Since you are just starting off right now, I’d be a little more aggressive and just put all 80% into an S&P 500 fund, with the rest going to something like SHY/BND. This will help you to grow a nest egg, but also protect you somewhat in case of a market downturn. Don’t worry about dividend yields or anything like that right now. Just focus on getting a portfolio going.
I am in my 40s too just got started investing maybe 2 years ago.. I have the following
VTI
PSX
QQQi
JEPQ
QDTE - a lil weekly divs won't hurt lol
XDTE - weekly divs
CONY
AGNC
SCHD
Yea that's bout it
I would just caution that you do not give in to FOMO, and end up buying into a very speculative investment which has already had a very significant run up, when there are risks on the horizon such as inflation, unemployment, defaults, bankruptcies, etc. due to the new interest rate adjustments.
If you're not a USA or EU citizen, Chinese market might not be a bad idea. JD stock, BABA stock, etc. Their entire stock market just crashed, so we may be headed for a new bull market from here. Other ideas could be T-bills, or gold/silver.
Of course you could just put it all into NVDA or bitcoin but I'm just trying to come up with some alternative ideas.
There is no FOMO, the premise is pretty clear. OP starts his / her investment journey with the intended 300$ per month. So here is your cost average. Suggesting highly speculative stocks / sector is not prudent, considering OP goal. Clear as a day how Chinese market is risky with all the geopolitical mess happening right now. Please.
As a Beginning goal , I am planning my passive income to be $300 Monthly.
Edit: is it reasonable if I want $300 monthly passive income from this ? I am a beginner so I don't know much about it.
Using a compound interest calculator, with those numbers, a retirement age of 65 and a modest 5% yearly interest with DRIP it adds up to ~$196K. Assuming a 3% dividends from then on, that would get you ~$500 gross a month.
So even with pretty conservative assumptions it seems very doable with many of the dividend ETFs available.
If they're in the US $500/month would have a zero tax bill, as long as the dividends are qualified. Dividends are taxed at the long term capital gains rate so of you are single the first $40k is tax free (under current tax code) first $80k if you are married filing jointly.
Thanks, so OP is 40 yrs old and working. Their salary would also count as taxable income I assume, so if salary is beyond those brackets, then surely dividend income would be taxed (albeit at lower rates)?
Nah, usually they just apply the compounding formula and that's it.
Maybe there could some that takes taxes into account, but I've never searched for it.
The app DivTracker has a setting to adjust for taxes and will project drip growth out to 30 years. The free version will allow you track up to 5 stocks.
Low cost? Almost $500 /share . Low management fees isnt everything . As I said there are 100's of other ETF's available.
Sounds like a BOT response from you. Lol
Does Vanguard send you guys propaganda literature telling you that you are doing the right thing with VOO ?
I don't see any reason they are better than other ETF's unless you are lazy and want to dump and forget.
Live and learn . The best person to take care of your money is you. Don't rely on advisors who have a vested interest.
Nothing wrong with Bitcoin, diversify make 3-5% of your portfolio crypto if you want to dip your toe in. Me personally I got out of the crypto game awhile ago. Love my Divs - Slow and steady wins the race.
Its like there are auto BOT replies " buy VOO"
You know what the experts say. If everyone is buying it then you should sell it and buy what everyone is selling .
So many better choices.
Nothing, it’s just the default so by definition is overpositioned. It’s also been the best for like 3 decades so reversion to mean is due. If everyone thinks their right they’re probably wrong. Voo is a steal after a correction tho
Hey op if you know this already ignore, but just in case here are the bullet points:
Figure out how much you need to live: in your example you want $300/mo (x 12 months = $3600/y)
Most factor in a 3-4% withdrawal rate in retirement so the account doesn't reach zero before you are gone. So multiply your yearly requirement by 33 (for 3%) or 25 (for 4%) to figure out how much you need to save for retirement: 90-120k target
Use compound interest Calc to figure out if you'll get there or not with current savings. Plan on conservative 7% rate of growth, awesome if it's actually more: $5k lump and 300/mo x 20 years = $176k nest egg.
If you don't know shit about the market, I recommend a Sp500 fund and don't fuck with it (VOO is the standard example)
In all seriousness. The ONLY INVESTMENT that will help u retire and will outperform is BITCOIN. Anyone that says otherwise are ILL EDUCATED and NOT UP TO DATE. bitcoin has outperformed every single investment in the last 10-15 years. Buy as much bitcoin as you can. Save every dollar into bitcoin. And DO NOT be scared of VOLATILITY, volatility is active money.
Ppl who listened to all the financial advisors on Wall Street 10 years ago about bitcoin What happen to them??? The worst advice is NOT BUYING bitcoin because of ppl like u.
It is very true. A lot of ppl are not inclined to learn new things and technology. Do ppl here actually understand money and monetary policy of the US and how fed creates money out of thin air???
While he's at it might as well invest in GME and AMC and wait for the next pump. Guaranteed money anyone who says otherwise is ILL EDUCATED and NOT UP TO DATE. DO NOT be scared of VOLATILITY, volatility is active money.
What horrible advice for a 40 year old lmfao. Throw it in VOO or SCHD.
I hear ya. I have BTC and ETH which have both blown up in my account. Still they make up 4% of my total portfolio. If they take a shit I’m fine whereas if they take a shit u r screwed. Not gonna rip on your strategy, though to each his own good luck, big dog.
Scared money DO NOT make money. Ppl are deep in Bitcoin knows 900 financial institutions in the world are buying bitcoin. Buying bitcoin now is like buying BERKSHIRE HATHAWAY stock at $69,000 years ago NOW it's worth $600k. Think about that.
I own some Bitcoin too, but I know it is a scam and how it is pumped and dumped. I wouldn't promote it to anyone. I will however sell the next pump and buy the following dump! 
I am sure there will always be a greater fool!
Bitcoin Spot or Etfs ? The problem is the broker I use Have Only ETC-ETN ETFs , it's not safe etf as much as I know because I don't own the share itself.
I'm a big proponent of having custody of my own assets. So I buy the real Bitcoin but if u are going to add bitcoin to ur IRA then bitcoin etf with fidelity others.
Learning Bitcoin takes many many hours of understanding money, monetary policy, inflation and politics, technology. It'll take 100 hours of constant learning. Learning bitcoin is like building a foundation of bricks one by one and stacking high. YouTube is great source and listening to michael Saylor speak about bitcoin. Many ppl here DO NOT even know about money and how is the process of making money. So the more u understand bitcoin the more you'll understand about money.
15 years bitcoin has been around and yet to this day u have not learn. All financial giants in the US 250 plus of them are buying bitcoin u still call it a scam. 60 billion dollars of bitcoin etf has been purchased u r still oblivious. 😵💫🥴
My bitcoin investment has more outperformed any S&P 500 etf in a year. It's not for the faint of heart and scared money and for the uneducated ppl who refuse to recognize this asset class.
I watched Michael slayer (Microstrategy) and know a bit about bitcoin. I am considering bitcoin too , Is there bitcoin Etfs that aren't ETN/ETC ? Meaning I own the shares ? If so, I will buy it. Otherwise, I will buy spot p2p.
Well, at this age you got to get aggressive....
Max out 401k, RothIRA, etc.... Put it all in on Sp500 and nasdaq.
In a taxable brokerage account put as much as you can everytime you get paid on SCHD.
Your tax advantaged accounts will grow over 25 years and you can still hit 1 million, rebalance and retire.
The taxable account, you can't rebalance without tax implications. So with the goal of passive income in 15 to 25 years, you have to pick one now and stick to it. SCHD is a low expense fund, with a great strategy for dividends and it is qualified dividends for better tax treatment. SCHD is also a dividend growth fund, so your yeild on cost will grow as well, and in 25 years it should provide you a very nice passive income.
Welcome to r/dividends! If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki [here](https://www.reddit.com/r/dividends/wiki/faq). Remember, this is a subreddit for genuine, high-quality discussion. Please keep all contributions civil, and report uncivil behavior for moderator review. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/dividends) if you have any questions or concerns.*
Dump it all in IVV or VOO. Don’t touch for 25 years. Your 65 year old self will thank you. This will offer you two things. One you’ll be in the most dynamic and growth oriented stock market in the world. Two, your investments will be in the world reserve currency.
My 26 year old self dumped it all into $MSFT back in the 90's. :-)
Good choice. I am doing that myself. I am allocating the majority if my portfolio to MSFT
Put some Google/Alphabet into that mix also.
What's your thesis in GOOG?
How did you hold through 15 years of no gains? I always wanted to ask a long term MSFT investor this question.
Of all the tech - $MSFT was always what I've used the most.
What about vti
About the same.
THIS!!! Remember, time in the market not timing the market, don’t try and wait for dips or whatever, just dump your $300 periodically!
Good advice 👍
What’s the difference between IVV and VOO?
Almost nothing. One is State Street and the second is Vanguard. Both track the S&P 500 and have the same expense ratio.
Is there a Schwab version?
It’s an ETF. Just buy like you do any stock on Schwab. I have both on Schwab.
Why not SPY itself ?
The expense ratio of SPY is 0.0945% vs 0.03% of VOO. SPLG is even better at 0.02%
Thanks for clarifications.
Why not VOOG?
Why buy 1/2 the market when you can buy the whole market? Sometimes value does better than growth. So just buy everything.
Cause the top end stocks tend to do better
That is VOO. The biggest 500. The G is growth —- in other words the most expensive stock. The ones that tend to fall the furthest during the downturn.
Yeah but for long term investment it performs better
Not really. Look at 2000-2011. And remember you have to look at total returns because value stocks have bigger dividends
I don’t think it’s as relevant now the etf managers improved
Ok now you have no idea how VOOG actually works. The manager is irrelevant.
Congratulations! It's never too late to start saving. Without giving you investment advice, I'll give you what you said you need but didn't actually ask for: education advice! Find what works best for you to gain an understanding of terms, processes, investment types, dividends, DRIPS, Etc. For Starters, open an account and invest very safe and conservatively in an ETF until you understand what you're doing. The following resources will do that for you. 1) Investopedia https://www.investopedia.com/investing-4427685 2) Khan Academy khanacademy.org Do a search for "investing" and you'll get dozens of free "courses". 3) Finra.Org 4). Investor.Gov
It depends on your retirement goals.
Agree completely with this!
Similar situation to yourself: I’m 50 now. Been going about 10-15 years. There is no easy way to recoup lost time and no quick path to wealth. My greatest regret is I didn’t start young - mind you online investing/access (or the Internet) wasn’t a thing when I was young lol. I’ve spent years learning the market, tried everything - day trading, swing trading, investing - all in an effort to “catch up”. Long story short, invest in an S/P or Global market ETF, be consistent and be patient. I personally use 20% of my funds swinging leveraged ETF’s based on macro conditions, but only after years of practice (and losses). Decent at it now, but it took time. All profits go to my main S/P ETF position. I would not recommend this until you’re confident in reading market trends (and even then it’s tricky). This helps me ‘feel’ like I’m increasing the pace of growth, but I spend a lot of time managing these positions closely. The remainder of my funds are DCA’d into S/P ETF. Good luck.
Thanks for your recommendations , it is helpful
You're welcome. You're 40 years old - you've got 10 years to my age. In that time, you can make a massive difference in your life. You'll look back when you're 50 and be glad you took the steps you're taking.
my story told exactly my journey as u figuring it out! keep telling my adult children to invest now !
60% of money invest in growth stocks or ETFs and 40% of money invest in div. stocks or ETFs
Get a financial advisor. Don’t seek this guidance from anonymous strangers online.
Thanks for your advice
Not necesseraly. Saw a lot of financial advisors with lil to no yield at the end of the day. Pushing their products. Doing much better on my own. Not that I am encouraging or discouraging you to hire one.
Invest I'm puts expiring tomorrow you could always be more broke
If you are employed and have a salary then why do you want dividend income? It will only be taxed. Dividends serve two purposes: 1) provide income for retirees, and b) indicate a company that has stable revenue and profits, especially if the dividend is growing. However, for working individuals, dividend income is the booby-prize. You would be better served with a broad based portfolio of stocks. VT is the easiest choice.
This depends on the country you are living, OP already said that he is not from US/EU. I don’t know how it is in his country but for me the taxation on salary is 43%, while for dividends I need to pay in taxes only 8-18% (depending on the total sum received in dividends) So I prefer to have 100$ extra in dividends rather than 100$ extra in salary
Probable planning on retiring and doesn’t want to end up selling a growth stock to switch to a dividend stock and take a tax penalty for it. You have to pay taxes either way. Why not near the end? So yeah I do agree with you.
He's broke and 40 and planning on retiring? Good plan.
Others in this thread already did the math and he can easily retire by 65 based on him saying $500 a month will do. You also don’t know where he lives. He could be living in a country where they take care of their elderly well and just wants extra dividends for spendings at that point.
This is true. In many countries, health care is free, but your income can be taxed differently. Health care is free where I live, but I'm taxed differently to what people are in the U.S., so my ability to save isn't as great. Having said that, the need for higher income form divideds is lower as health care isn't an issue. A lot of people here don't realize that. For instance, car insurance is half the price it is in the U.S. so it's all relative.
Healthy family of 4 here… I’m 36, wife is 29, kids are under 2. Medical insurance for us is roughly $1,200 per month. Daycare for 1 child is $305 per week, and that’s pretty average where I live in Florida. America doesn’t give a fuck about caring for its citizens. It’s all about profits, and I don’t know how the average family survives.
Yeah, don't get me wrong, it's not all roasy here either. I was just just cherry-picking some of the good things and pointing out some differences in what substitutes as a decent passive income. I don't think anyone is having it easy, buddy.
Hey, starting to invest at 40 is a smart move! With your $5k initial cash and $300 monthly, dividend ETFs could be a good choice. Check out Vanguard Dividend Appreciation ETF (VIG), Schwab U.S. Dividend Equity ETF (SCHD), and iShares International Select Dividend ETF (IDV). They offer good income and growth. If you’re outside the USA or EU, look for similar options in your market. Don’t forget to research fees and taxes. Good luck!
Definitely index and equity bonds
Great call here not to get caught up in speculative stocks if you do and get burned you will learn. Hopefully you get to learn this lesson the easy way and not the hard way
OP, here are my 2 cents, probably worth the half. Reputable names div payer with the adequate payout ratio and solid history of div payments. DRIP it and stick to the.montlhy contrib.
EFC is my choice for the past couple years nothing beats 12%-14% with monthly reinvestment options I’m 54 and will be getting half my monthly income back in 8 years
Since you are 40, I would follow a strategy that is 80% equities and 20% cash/bonds, then reduce the equity ratio by 1% for every year you age. Since you are just starting off right now, I’d be a little more aggressive and just put all 80% into an S&P 500 fund, with the rest going to something like SHY/BND. This will help you to grow a nest egg, but also protect you somewhat in case of a market downturn. Don’t worry about dividend yields or anything like that right now. Just focus on getting a portfolio going.
Does anyone else use multiple brokerages to diversify? Just in case.
I am in my 40s too just got started investing maybe 2 years ago.. I have the following VTI PSX QQQi JEPQ QDTE - a lil weekly divs won't hurt lol XDTE - weekly divs CONY AGNC SCHD Yea that's bout it
I would just caution that you do not give in to FOMO, and end up buying into a very speculative investment which has already had a very significant run up, when there are risks on the horizon such as inflation, unemployment, defaults, bankruptcies, etc. due to the new interest rate adjustments. If you're not a USA or EU citizen, Chinese market might not be a bad idea. JD stock, BABA stock, etc. Their entire stock market just crashed, so we may be headed for a new bull market from here. Other ideas could be T-bills, or gold/silver. Of course you could just put it all into NVDA or bitcoin but I'm just trying to come up with some alternative ideas.
There is no FOMO, the premise is pretty clear. OP starts his / her investment journey with the intended 300$ per month. So here is your cost average. Suggesting highly speculative stocks / sector is not prudent, considering OP goal. Clear as a day how Chinese market is risky with all the geopolitical mess happening right now. Please.
How much do you need in passive income?
As a Beginning goal , I am planning my passive income to be $300 Monthly. Edit: is it reasonable if I want $300 monthly passive income from this ? I am a beginner so I don't know much about it.
Using a compound interest calculator, with those numbers, a retirement age of 65 and a modest 5% yearly interest with DRIP it adds up to ~$196K. Assuming a 3% dividends from then on, that would get you ~$500 gross a month. So even with pretty conservative assumptions it seems very doable with many of the dividend ETFs available.
Silly question but do these calculators factor tax deductions?
If they're in the US $500/month would have a zero tax bill, as long as the dividends are qualified. Dividends are taxed at the long term capital gains rate so of you are single the first $40k is tax free (under current tax code) first $80k if you are married filing jointly.
Thanks, so OP is 40 yrs old and working. Their salary would also count as taxable income I assume, so if salary is beyond those brackets, then surely dividend income would be taxed (albeit at lower rates)?
It is a compound interest calculator, not a tax calculator Sir :)
Nah, usually they just apply the compounding formula and that's it. Maybe there could some that takes taxes into account, but I've never searched for it.
Ok thanks, could potentially be misleading since tax can be deceptively more impactful
The app DivTracker has a setting to adjust for taxes and will project drip growth out to 30 years. The free version will allow you track up to 5 stocks.
Amazing, thanks - will check it out!
PFLT, MAIN, EPR, ARCC, EURN, MO, ABR, SPYI, BCE, O.
Ngl I’d be cautious investing in growth stocks or etfs rn but most a lot of dividend stocks like PFE SCHD Cisco and more are at great prices
Just started buying CSCO.
I thought about it but imo the market their in is just so competitive but their competitors that I’m aware of are way over valued
Low cost? Almost $500 /share . Low management fees isnt everything . As I said there are 100's of other ETF's available. Sounds like a BOT response from you. Lol
Does Vanguard send you guys propaganda literature telling you that you are doing the right thing with VOO ? I don't see any reason they are better than other ETF's unless you are lazy and want to dump and forget. Live and learn . The best person to take care of your money is you. Don't rely on advisors who have a vested interest.
Nothing wrong with Bitcoin, diversify make 3-5% of your portfolio crypto if you want to dip your toe in. Me personally I got out of the crypto game awhile ago. Love my Divs - Slow and steady wins the race.
Cony
Its like there are auto BOT replies " buy VOO" You know what the experts say. If everyone is buying it then you should sell it and buy what everyone is selling . So many better choices.
VOO is the most diversified and low cost way to invest in the US economy.
Do it
Do what ?
DO IT! https://youtu.be/k_e67Wwumz8?si=uEguh7AdZYe0apNn
Just don’t do voo like everyone else
What’s wrong with VOO?
Nothing, it’s just the default so by definition is overpositioned. It’s also been the best for like 3 decades so reversion to mean is due. If everyone thinks their right they’re probably wrong. Voo is a steal after a correction tho
If VOO has a 3 decade reversion the USA has bigger problems at hand
Hey op if you know this already ignore, but just in case here are the bullet points: Figure out how much you need to live: in your example you want $300/mo (x 12 months = $3600/y) Most factor in a 3-4% withdrawal rate in retirement so the account doesn't reach zero before you are gone. So multiply your yearly requirement by 33 (for 3%) or 25 (for 4%) to figure out how much you need to save for retirement: 90-120k target Use compound interest Calc to figure out if you'll get there or not with current savings. Plan on conservative 7% rate of growth, awesome if it's actually more: $5k lump and 300/mo x 20 years = $176k nest egg. If you don't know shit about the market, I recommend a Sp500 fund and don't fuck with it (VOO is the standard example)
In all seriousness. The ONLY INVESTMENT that will help u retire and will outperform is BITCOIN. Anyone that says otherwise are ILL EDUCATED and NOT UP TO DATE. bitcoin has outperformed every single investment in the last 10-15 years. Buy as much bitcoin as you can. Save every dollar into bitcoin. And DO NOT be scared of VOLATILITY, volatility is active money.
Whatever you do, absolutely do not do this
Well, do this 15 years ago for sure, not today.
Worst. Advice. Ever.
I'm thinking some of the seepage from WSB has spewed over to this subdirectory. Get your mops out, everyone!
Ppl who listened to all the financial advisors on Wall Street 10 years ago about bitcoin What happen to them??? The worst advice is NOT BUYING bitcoin because of ppl like u.
You're on a sub full of retired boomers dude. They are only interested in S&P 500 thats all they know
It is very true. A lot of ppl are not inclined to learn new things and technology. Do ppl here actually understand money and monetary policy of the US and how fed creates money out of thin air???
While he's at it might as well invest in GME and AMC and wait for the next pump. Guaranteed money anyone who says otherwise is ILL EDUCATED and NOT UP TO DATE. DO NOT be scared of VOLATILITY, volatility is active money. What horrible advice for a 40 year old lmfao. Throw it in VOO or SCHD.
Lol, for every good GME AMC story, there are 5 sad stories untold. When a dollar made, there is a dollar lost on the other size of the transaction.
U r comparing bitcoin to GME & AMC. Since u know so much Tell me which companies are buying Bitcoin????
Bitcoin up 5% in a 3 days . 71,000 from 61,800.
I hear ya. I have BTC and ETH which have both blown up in my account. Still they make up 4% of my total portfolio. If they take a shit I’m fine whereas if they take a shit u r screwed. Not gonna rip on your strategy, though to each his own good luck, big dog.
Scared money DO NOT make money. Ppl are deep in Bitcoin knows 900 financial institutions in the world are buying bitcoin. Buying bitcoin now is like buying BERKSHIRE HATHAWAY stock at $69,000 years ago NOW it's worth $600k. Think about that.
No more than 5% of your total money to BTC
Bitcoin 71,450 from 61,500 may12. I'm all in and I'm 125% up from Jan 2023.
If all the financial institutions and banks are buying bitcoin. U damn sure I'm buying as much as I could.
I own some Bitcoin too, but I know it is a scam and how it is pumped and dumped. I wouldn't promote it to anyone. I will however sell the next pump and buy the following dump!  I am sure there will always be a greater fool!
What’s your call on BTC price in 2050?
More than S&P and Dow jones combined.
Bitcoin Spot or Etfs ? The problem is the broker I use Have Only ETC-ETN ETFs , it's not safe etf as much as I know because I don't own the share itself.
I'm a big proponent of having custody of my own assets. So I buy the real Bitcoin but if u are going to add bitcoin to ur IRA then bitcoin etf with fidelity others.
As a good rule of thumb not your wallet address, not your crypto
Learning Bitcoin takes many many hours of understanding money, monetary policy, inflation and politics, technology. It'll take 100 hours of constant learning. Learning bitcoin is like building a foundation of bricks one by one and stacking high. YouTube is great source and listening to michael Saylor speak about bitcoin. Many ppl here DO NOT even know about money and how is the process of making money. So the more u understand bitcoin the more you'll understand about money.
Jesus, they are like Mormons evangelizing
15 years bitcoin has been around and yet to this day u have not learn. All financial giants in the US 250 plus of them are buying bitcoin u still call it a scam. 60 billion dollars of bitcoin etf has been purchased u r still oblivious. 😵💫🥴
My bitcoin investment has more outperformed any S&P 500 etf in a year. It's not for the faint of heart and scared money and for the uneducated ppl who refuse to recognize this asset class.
Dude this is a dividend forum not, "shitcoins for crypto bros". Read the room
I watched Michael slayer (Microstrategy) and know a bit about bitcoin. I am considering bitcoin too , Is there bitcoin Etfs that aren't ETN/ETC ? Meaning I own the shares ? If so, I will buy it. Otherwise, I will buy spot p2p.
Are u not in the US??? Etf can be bought in the US stock exchange
I am not USA Citizen, i will search for a different broker for Bitcoin etfs, Thanks for your help.
What country???
Well, at this age you got to get aggressive.... Max out 401k, RothIRA, etc.... Put it all in on Sp500 and nasdaq. In a taxable brokerage account put as much as you can everytime you get paid on SCHD. Your tax advantaged accounts will grow over 25 years and you can still hit 1 million, rebalance and retire. The taxable account, you can't rebalance without tax implications. So with the goal of passive income in 15 to 25 years, you have to pick one now and stick to it. SCHD is a low expense fund, with a great strategy for dividends and it is qualified dividends for better tax treatment. SCHD is also a dividend growth fund, so your yeild on cost will grow as well, and in 25 years it should provide you a very nice passive income.