Hello all I recently had a great year starting to trade with 3 k and have make around 10k profit in totally. I want to continue investing long term because I have looked at avg returns and with just proper long term investing I should be able to be a millionaire at some point in my life, but don’t know where to actually put my money. Currently I already have 3.5k split into 3 DRIP(dividend reinvestment) etf’s VYMI(30%) , VYM(64%) and my safe pick BNDX(6%). I am only putting 10k long and still trading with around 6k. I already looked at my Roth IRA(currently can only contribute 2.5k). One major thing I am concerned about is if I should slowly invest my 10k or do a lump sum? I also am a current college freshman with VA benefits so I wouldn’t need this money in the coming few years. I will probably be looking to get a part time job once Covid slows down. Thanks so much for any tips and I will continue to build up my long term investment fund as I trade and if I make more profits(thinking siphoning off like 40-50% of trading profits for long term).
TLDR: 18yr old lump sum long term investing or slowly investing over time.
Submitted January 10, 2021 at 03:52AM by merp206 https://ift.tt/3brnPNI
