Hello,
I am trying to decide what index funds I should invest in. I am new to this so it should be nice to learn from people who have been doing this longer than me. Also, what broker/platform would you recommend?
My goal is to FIRE and hopefully live off the dividends paid to me one day. Is it smarter to pick the funds that pay the highest % dividends? What index funds are you invested into?
Also I need to get some things out and off my chest so I am going to rant quick.
I am 23 years old and made some bad moves early on. I should have been investing this way the whole time but naive me went straight to crypto trying to "get rich quick". I haven't done terrible trading crypto but day trading has been a big oof. If only I had been investing in safe index funds the entire time... Lessoned learned to say the least. I am a workaholic and a penny pincher. I don't spend my money on anything other than investing.
Probably have lost total of 5k day trading and 5k in crypto. Now I only have 8k to put in these index funds. I also am in college (graduate this semester) and worked my BUTT off the entire time. Because of this I will be graduating with 12k in student loans (one thing I am proud of I guess). But man oh man do I wish I would have just been investing in these index funds. Probably would have over 20k invested at this point. Now I feel late to the game.
But no more complaining and no looking back. Sorry I just had to get this off my chest. Nobody knows about these shenanigans and I have never talked about it. It feels good to get it all typed out.
But like I said, no more comparing and no looking back. I will just be trying to maximize my salary once I graduate, living below my means, and working a second job to catch up. Time to get to work.
TLDR: What index funds should I be investing in? What advice would you give me for deciding?
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Submitted February 10, 2024 at 01:05AM by No-Neighborhood-3406 https://ift.tt/6GSsKBl
