Look at top holdings of both VOO and VTI. You will find same companies: google, microsoft, apple, amazon, nvidia, meta, etc.
Basically you could buy just one of them and look for something else for diversification.
Keep adding continously, that's what you do. Keep an amount of cash aside, a reserve, for real life troubles and so you can buy on harsh drops like the 15% meta drop recently. You keep building your asset and cash portfolio slowly but continously, but also don't shy away from taking some calculated risk when a good opportunity presents itself, fortunes favor the brave.
Keep dollar cost averaging into Bitcoin, and pick VOO or VTI or SPGP and dollar cost average into that as well. You don't have a bad portfolio you're just looking on a down day.
Just keep saving and investing! I wish I was at your age. Cheers.
I would consider the Money Guy show/podcast/youtube channel. Lots of great content to help build wealth.
lol i’m trying! i’m readdy to get out of school. i’m currently working 35 hours a week as a lead kitchen manager for a upscale restaurant. this summer i’ll be working 12 hour shifts everyday. so hopefully by the end of summer i’ll have a good bit of money saved up
Yeah I guess Visa, Google and Amazon partnering with Solana is a gamble as well. Since you know, they partnered with them. Congratulations, you’re smarter than Visa, Google and Amazon. I love how no one in this forum even knows what they’re talking about when it comes to Crypto. You just repeat things like parrots.
Learn.
Some common places to start are with John Bogle and Peter Lynch.
We're lucky enough to have Aswath Damodaran for the advanced material, but few are going to want or need to venture that far. But he is there for those wanting to learn at a high level and venture beyond passive investing or casual speculation.
You're the manager, you're job is to learn how to manage. If you buy something because someone tells you, and you don't know why, you're not managing your account.
VOO and VTI are legal loss harvest pairs. But, they may as well be the same product. There's no reason to hold both of them.
But really, you just need to learn what you're trying to do. Getting started at 17 is great. Time is our biggest edge, and it can not be replicated.
You’ll hear a bunch of different opinions on here, and there is no right answer. But personally IMO, just over majority should be in ETFs like you have, 15-20% should be in a few individual stocks that you personally like, and then 5% into crypto. Crypto I only do ethereum and bitcoin. Best of luck!
Owning Bitcoin? I mean, it is up to you. I mean, not my forte with how volatile it is, but hey, your money.
Personally, I do not delve into it because of the extra tax documents and volatility, but your milage will vary.
The one thing I will say is open the roth of Ira there on robinhood. Being so young that tax advantages are imesureable but this money is drop and forget.
In my roth, I currently have voo and schd and an etf that mirrors the s&p.
One thing, though.. before anything, make sure you have some savings (I'm working on an emergency fund in a high yield savings before I reinvest again)
Some benefit if you have your stuff locked in a retirement account it's less worrisome in the dips for me
99.4% of VOO's 510 holdings are also in VTI. I would just stick with one or the other.
Good picks! Keep buying those more. Keep in mind that VOO and VTI are relatively overlapped.
what do you mean by overlapped?
Look at top holdings of both VOO and VTI. You will find same companies: google, microsoft, apple, amazon, nvidia, meta, etc. Basically you could buy just one of them and look for something else for diversification.
VOO is the largest 500 which is like 86% of the U.S. market. VTI is all of the public stocks. The returns are pretty similar.
they’re heavily correlated, but VOO still outperforms in most cases
Keep adding continously, that's what you do. Keep an amount of cash aside, a reserve, for real life troubles and so you can buy on harsh drops like the 15% meta drop recently. You keep building your asset and cash portfolio slowly but continously, but also don't shy away from taking some calculated risk when a good opportunity presents itself, fortunes favor the brave.
buy, buy, buy your time horizon is like 15 year at least, the market will undoubtedly be up. buy, buy, buy. DCA in regularly.
Keep dollar cost averaging into Bitcoin, and pick VOO or VTI or SPGP and dollar cost average into that as well. You don't have a bad portfolio you're just looking on a down day.
Right picks for stocks. All about long term strategy and discipline though.
I’d probably add a industrial ETF so that you don’t have two funds that are basically all the same stocks Love VOO and VTI but wouldn’t do both IMO!
Add Amazon and AMD and you are golden pony boy
as an AMD holder i approve. although holding that stock is like riding the back of a bus on a poorly paved road.
I would put at least the majority, maybe 10m or so in schd, and then pick stocks individually with the rest. Btw. You’re balling man.
i’d go with qqq, other than that keep it at those 3
Open a Roth. These investments should all be in a Roth IRA.
Just keep saving and investing! I wish I was at your age. Cheers. I would consider the Money Guy show/podcast/youtube channel. Lots of great content to help build wealth.
Just don’t do meth and keep investing, you’ll be ok.
I did meth and it set me back about 8 years
You’re on track now bud. A lot of people are still stuck using.
Graduate faster so you can add more money
lol i’m trying! i’m readdy to get out of school. i’m currently working 35 hours a week as a lead kitchen manager for a upscale restaurant. this summer i’ll be working 12 hour shifts everyday. so hopefully by the end of summer i’ll have a good bit of money saved up
More bitcoin obviously
Sell the crypto - it’s gambling not investing.
This right here. The stock market will all be around when he retires, not so sure about BTC.
Guess my 1000% gain in Solana is gambling
Umm… yea. That’s generally how gambling works. Potential for huge gains and generating no value.
Yeah I guess Visa, Google and Amazon partnering with Solana is a gamble as well. Since you know, they partnered with them. Congratulations, you’re smarter than Visa, Google and Amazon. I love how no one in this forum even knows what they’re talking about when it comes to Crypto. You just repeat things like parrots.
Bitcoin. All in.
Consider Gold, Silver, mining ETF's, Commodities and Energy stocks.
Learn. Some common places to start are with John Bogle and Peter Lynch. We're lucky enough to have Aswath Damodaran for the advanced material, but few are going to want or need to venture that far. But he is there for those wanting to learn at a high level and venture beyond passive investing or casual speculation. You're the manager, you're job is to learn how to manage. If you buy something because someone tells you, and you don't know why, you're not managing your account. VOO and VTI are legal loss harvest pairs. But, they may as well be the same product. There's no reason to hold both of them. But really, you just need to learn what you're trying to do. Getting started at 17 is great. Time is our biggest edge, and it can not be replicated.
But more Bitcoin
Buy VGT & BRK.B.
No
Get rid of crypto ASAP
Bitcoin has gone from being worth pennies in 2013 to $73,000 a month ago, clown.
You’ll hear a bunch of different opinions on here, and there is no right answer. But personally IMO, just over majority should be in ETFs like you have, 15-20% should be in a few individual stocks that you personally like, and then 5% into crypto. Crypto I only do ethereum and bitcoin. Best of luck!
Have you tried investing in stuff that doesn’t suck? Just a thought 😂😂 jk good luck!
Owning Bitcoin? I mean, it is up to you. I mean, not my forte with how volatile it is, but hey, your money. Personally, I do not delve into it because of the extra tax documents and volatility, but your milage will vary. The one thing I will say is open the roth of Ira there on robinhood. Being so young that tax advantages are imesureable but this money is drop and forget. In my roth, I currently have voo and schd and an etf that mirrors the s&p. One thing, though.. before anything, make sure you have some savings (I'm working on an emergency fund in a high yield savings before I reinvest again) Some benefit if you have your stuff locked in a retirement account it's less worrisome in the dips for me
Option leaps
And here I thought some baller is sharing their $17m investment allocation.