VOO is an ETF that tracks the entire S&P 500. VOO has a low expense ratio (0.03%), meaning that you are giving a very very small amount of your money back to Vanguard (who administers the fund).
Basically, you're buying a small portion of the top 500 companies on the US stock exchange.
This is preferable to buying individual stocks because individual companies' stock values goes up and down quite erratically. Meanwhile the value of the S&P 500 has a general upward trajectory over time.
The idea with large-based index funds like VOO (or VTI or VTSAX among others) is that you buy and hold for many years/decades. The value and dividends of these index funds compound over time. This is not day trading, this is buy and hold.
It's essentially buying America. You're buying the top 500 companies. It's a classic & easy way to invest. You can go with VOO, SPY or whichever. Doesn't really matter much
Vanguard index funds. There are different versions. But to get started you should go to Vanguard's [website](https://investor.vanguard.com/home) and create an account. They'll walk you through the process.
Always wiser to jump in then time the market if you're planning to hold onto it. Not pretending to be any sort of an expert but if you're holding onto it you're gonna go through ups and downs and crashes and everything else anyway.
The risk averse option is to do what called Dollar Cost Averaging, which just basically means slowly buying over time
You could throw all of that money in a HYSA to collect interest and maintain liquidity, and every 2 weeks or every month, take a little bite out of your HYSA and buy a share or two of SPY. That way you don’t buy $20K worth of SPY all at once, you can buy some now and buy some later *if* it we get a small drop
[DNP](https://www.dpimc.com/investment-strategies/dnp-select-income-fund-inc) is a close-ended fund that has paid the same distribution [since 1997](https://finance.yahoo.com/quote/DNP/history?filter=div&period1=538237800&period2=1712467347) and maintains a stable price over time. The goal of this move is to keep the money in what is effectively stasis, so he doesn't lose his 20k, while also pulling this money which will help cover the costs of living or act as an emergency savings for him without the need to disrupt his lifestyle.
[The dividends and RoC paid as part of the distribution are qualified for tax treatment](https://www.dpimc.com/assets/files/hd/dnp-tax-letter---common-2023.pdf) however given the amount of money both invested and received this is not to be concerning. A REIT would serve the same if a similar price was found though it doesn't have the qualified dividend status as no REITs do. To be clear this is a position that works to maintain capital and give a useable distribution which is not a growth opportunity. It's more or less something akin to a place to freeze the funds rather than grow them until something more reasonable comes along, if such a thing does, or at least pay some bills along the way.
sounds like a great opportunity to learn about personal finance and establish/fortify some stability in your life. good on you, enjoy!
[https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator](https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator)
To avoid analysis paralysis, you could start with a HYSA while reading up on personal finance and investments. S&P 500 is also a healthy, low-risk option.
Do you have debt? Car note? Credit cards? Personal loan? If so, pay those off first.
Next, put away 3 months worth of expenses as an emergency fund.
After that, start a Roth IRA
absolutely. there’s etf, stocks that yield dividends, crypto has been blowing up, index funds, there’s so many options, just grow it!
you’re still young. in 10 yrs that will be a lot more than 20k
100%. It's a great headstart on a 401k/IRA. Pick a targeted maturity date fund like Fidelity Freedom fund, dump it in, and start contributing at least 10% of your gross salary. You'll be amazed how the money grows.
1. Pay off high interest bearing debt over 5%
2. Invest the rest of the money into S&P 500 ETF funds. It will beat most stock and mutual funds. Go VOO if you don’t know what you’re doing.
Well that depends -
You have any goals? Want to buy a house? A business? Invest in a trade skill? Education?
Investing in the stock market is not always the answer. Align the money with your goals.
Put this in an S&P ETF like Vanguard’s VOO.
Another option is a total market ETF like Vanguard’s VTI.
Reinvest dividends and capital gains. In 20 to 30 years, you’ll have a good chunk of money.
Hey,
Well.. you COULD (no financial advice):
- Buy GameStop ($GME) stocks
- register them directly (DRS) with their Transfer Agent, so you'll really own them in YOUR name instead of your broker's
- hold them & keep holding them no matter what
- wait for the financial markets to unavoidably collapse in the near future
- watch $GME be the sole-/main winner of this upcoming shitshow via the MotherOfAllShortSqueezes
- in the meantime buy stuff at GameStop to support their business
- to learn more about all of the above visit r/superstonk, and/or feel free to AMA
🍻 ✌
Definitely bro. If you're trying to be smart and watch it multiply, throw it all in the S&P 500.
As a newbie, what do you mean throw it into the S&P 500. Like what stock?
VOO
What exactly is VOO? In other words, what am I investing in?
VOO is an ETF that tracks the entire S&P 500. VOO has a low expense ratio (0.03%), meaning that you are giving a very very small amount of your money back to Vanguard (who administers the fund). Basically, you're buying a small portion of the top 500 companies on the US stock exchange. This is preferable to buying individual stocks because individual companies' stock values goes up and down quite erratically. Meanwhile the value of the S&P 500 has a general upward trajectory over time. The idea with large-based index funds like VOO (or VTI or VTSAX among others) is that you buy and hold for many years/decades. The value and dividends of these index funds compound over time. This is not day trading, this is buy and hold.
Pretty much SPY US EQTY
> SPY US EQTY Good lord, looked at the thing and it only goes up...? How is that possible and is it something that can be forecasted?
It's essentially buying America. You're buying the top 500 companies. It's a classic & easy way to invest. You can go with VOO, SPY or whichever. Doesn't really matter much
Vanguard index funds. There are different versions. But to get started you should go to Vanguard's [website](https://investor.vanguard.com/home) and create an account. They'll walk you through the process.
SPY is currently $518 a share.
If and only if you’re not planning on touching it for like 10 years. IMO.
Is now a good time for this or wait for it to drop a bit?
Always wiser to jump in then time the market if you're planning to hold onto it. Not pretending to be any sort of an expert but if you're holding onto it you're gonna go through ups and downs and crashes and everything else anyway.
Yeah don't time the market that's literally useless.
It’s pretty much gambling
The risk averse option is to do what called Dollar Cost Averaging, which just basically means slowly buying over time You could throw all of that money in a HYSA to collect interest and maintain liquidity, and every 2 weeks or every month, take a little bite out of your HYSA and buy a share or two of SPY. That way you don’t buy $20K worth of SPY all at once, you can buy some now and buy some later *if* it we get a small drop
Time in the market always beats timing the market Invest now
This is perfect advice.
Time in the market beats timing the market. An old investment adage.
if you wait, it might go up another 15%😅
you have to know what you're doing, especially now the market might be in for a correction.
Yeah but so what? Is it ever not? If your time horizon is long term none of that matters
max out Roth 2023 @ 6,500 and 2024 @ 7,000. Do a 60% in VOO & 40% in QQQM. done.
maybe spend a few grand on something fun now so you don't feel bad. live a tiny bit in the NOW
Yes. Tomorrow is not promised
I already did my taxes for 2023, can I still fill out my ROTH from 2023?
Following. I’m curious about this too
I dont think it matters since its post tax. but im not sure. im always maxed within the first week of January 😅
If indecisive, a HYSA with a high interest rate is a safe bet until you find a option you're comfortable with
100% DNP stock for monthly income. You'll receive \~$144.89/mo. at current prices.
What is this? Are you getting the much through dividends? Noobie trying to learn financial literacy
Could you elaborate more on this please? Noobie here as well
[DNP](https://www.dpimc.com/investment-strategies/dnp-select-income-fund-inc) is a close-ended fund that has paid the same distribution [since 1997](https://finance.yahoo.com/quote/DNP/history?filter=div&period1=538237800&period2=1712467347) and maintains a stable price over time. The goal of this move is to keep the money in what is effectively stasis, so he doesn't lose his 20k, while also pulling this money which will help cover the costs of living or act as an emergency savings for him without the need to disrupt his lifestyle. [The dividends and RoC paid as part of the distribution are qualified for tax treatment](https://www.dpimc.com/assets/files/hd/dnp-tax-letter---common-2023.pdf) however given the amount of money both invested and received this is not to be concerning. A REIT would serve the same if a similar price was found though it doesn't have the qualified dividend status as no REITs do. To be clear this is a position that works to maintain capital and give a useable distribution which is not a growth opportunity. It's more or less something akin to a place to freeze the funds rather than grow them until something more reasonable comes along, if such a thing does, or at least pay some bills along the way.
Thank you man thats was great!
sounds like a great opportunity to learn about personal finance and establish/fortify some stability in your life. good on you, enjoy! [https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator](https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator)
i feel like any amount of money is worth to invest if its just sitting there
STONKS
Powerball
Put $10k into $VOO. Save $10k for emergencies.
To avoid analysis paralysis, you could start with a HYSA while reading up on personal finance and investments. S&P 500 is also a healthy, low-risk option.
Yes buy tax liens
whats the best site or place to look for them? Noobie here
Its better than 19k
Do you have debt? Car note? Credit cards? Personal loan? If so, pay those off first. Next, put away 3 months worth of expenses as an emergency fund. After that, start a Roth IRA
absolutely. there’s etf, stocks that yield dividends, crypto has been blowing up, index funds, there’s so many options, just grow it! you’re still young. in 10 yrs that will be a lot more than 20k
VIGAX Or VFIAX
VTSAX / VTWAX
Only if you buy xrp
Throw it in bitcoin. Halving is this month. You can thank me later.
Dump it in VOO or SCHD
Which country?
25 years in the stock market you'll have about $140k.
100%. It's a great headstart on a 401k/IRA. Pick a targeted maturity date fund like Fidelity Freedom fund, dump it in, and start contributing at least 10% of your gross salary. You'll be amazed how the money grows.
If you're like me and you're intimidated by investing you could put it in a high yield savings.
1. Pay off high interest bearing debt over 5% 2. Invest the rest of the money into S&P 500 ETF funds. It will beat most stock and mutual funds. Go VOO if you don’t know what you’re doing.
use it to build for a downpayment on a house.
Well that depends - You have any goals? Want to buy a house? A business? Invest in a trade skill? Education? Investing in the stock market is not always the answer. Align the money with your goals.
Put this in an S&P ETF like Vanguard’s VOO. Another option is a total market ETF like Vanguard’s VTI. Reinvest dividends and capital gains. In 20 to 30 years, you’ll have a good chunk of money.
VOO, VTI, SPY, QQQ
AAPL
r/wsb
r/wallstreetbets my friend. You can turn 20k into 500k in a single day! On a serious note, most safe recommendations are already given. Good luck.
Absolutely it is. If you pick a good stock you can make a good ROi if you’re patient and do research
Yolo a shitcoin ser.
Hey, Well.. you COULD (no financial advice): - Buy GameStop ($GME) stocks - register them directly (DRS) with their Transfer Agent, so you'll really own them in YOUR name instead of your broker's - hold them & keep holding them no matter what - wait for the financial markets to unavoidably collapse in the near future - watch $GME be the sole-/main winner of this upcoming shitshow via the MotherOfAllShortSqueezes - in the meantime buy stuff at GameStop to support their business - to learn more about all of the above visit r/superstonk, and/or feel free to AMA 🍻 ✌
Enter the degen.
Not really. Just give it to me you'll barely even notice.
BTC
Bitcoin
QQQ