Stock Market

@inertia

I really like Josh Brown. He has a youtube thing called the compound, IIRC. They have some obscure heavy hitters on.

This is for anybody reading...

I can't stand financial advisors where most don't equal the market return after fees. Most aren't worth a penny. Why would you pay someone to do worse than the market benchmarks, CRAZY! Further craziness, retirement accounts are usually either the largest or second largest asset that people have and they take ZERO interest in managing it.

People can do stuff themself, buy things like SPY (SP500), QQQ (Nasdaq), IWM (russel 2000), DIA (Dow). I like the SPY and QQQ. Get 100 shares and before you get there, learn to sell covered calls (works GREAT in a US retirement account, no tax reporting). If you do it right, you can make upwards of 8-15% yearly even if the market goes nowhere. Like a monthly dividend and reinvest it. Sell a call for 1-2% of the stock, buy 1 or 2 shares each month. Compounding is your friend.

Want to go with a little in single stocks, have at it. Even if it's $20, you can buy fractional shares at many brokers now. I agree that solid profit earning companies are great. If they pay a dividend that can be reinvested, bonus. DO NOT EVER buy a stock because it has an incredible dividend, many are traps that are unsustainable.

Have a kid, 24 years old, I helped that is going to have over a million in a ROTH by about age 28-30 if she sticks with it. Takes about 5 minutes a day to look over positions and maybe an hour when she has to sell/roll calls and puts.

Also learn about selling puts. A guy in Nebraska does this... If you are OK owning a stock at a price level below the current price, selling puts gets you paid while you wait.

Here is a compound interest calculator. Punch in $100 with $100 investment every month 30-40 years and 8-10% return rate. Check out what comes up.
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator


JUST GET STARTED as early as possible. The environment now with no fees/commissions is great. I remember when it was $175 to make a trade and if you wanted less than 100 shares it was worse. Internet trading got that down to 20ish in the 90's to no/low commissions today.