I'm 22, just graduated, and currently earning close to $100,000 working in business. Since I’m living at home with minimal expenses, I plan to save $500 a week and invest it in the stock market.
Over the past week, I’ve been diving deep into index funds and learning the key terms. Currently, I am thinking about investing:
60% in VOO, 20% in VUG, and 20% in SCHD. To be honest, I don't know how much to put into each but I do want VOO to have the biggest percentage
I like VOO over VTI. I understand VTI is more diversified but I don’t see how that matters as VOO has been slightly outperforming it. I like ETFs over mutual funds as they can have better tax savings.
Regarding VUG, I’m aware it has a 54% overlap with VOO, while QQQM, another growth fund, has only 45%. I get the concept of overlap, but I’m still unclear on why it’s considered a drawback and whether I should aim for more diversification.
Lastly, I’m drawn to SCHD for its decent yields and growth potential. The idea of earning dividends and reinvesting them is appealing, so this feels like a no-brainer.
I’d love some advice on optimizing my portfolio. With so much information out there, it’s easy to feel overwhelmed. Are there any YouTubers I should check out that aren't a get-rich-quick channel type? Any guidance would be greatly appreciated!
Submitted August 20, 2024 at 01:08AM by CountryPrestigious25 https://ift.tt/5JSydxD
