Episode #1 - A Millennial's biggest portfolio asset, Time
Episode #1 - A Millennial's biggest portfolio asset, Time

Episode #1 - A Millennial's biggest portfolio asset, Time

ጄሰን ፒተርስ (ጄ.ፒ ) 🇿🇦 🇪🇹

23 min
Business & Finance
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Description

<p>From starting investing in 2013 to achieving a 6-figure portfolio by age 25, there were a few investment principles I picked up along the way. &nbsp;Time can either be your best friend or you worst enemy, procrastination is the deciding factor for that one. &nbsp;Also, KISS (Keep it simple stupid), you don’t need a sophisticated investment strategy to build long-term wealth, just time and discipline. &nbsp;A wiseman once told me, “You can control two things, how much you spend, and how much you earn, but controlling your spending is a whole lot easier!”. &nbsp;&nbsp;DM me on any platform listed at the bottom of the description or email me at wallstjunky@gmail.com for any questions or topic requests &nbsp;&nbsp;&nbsp;</p> <p>The quick and dirty to starting to invest:&nbsp;</p> <p>-Track your expenses for a month&nbsp;</p> <p>-Notice how much is spent excessively on things like food, drinks, etc.&nbsp;</p> <p>-Cut expenses by say, $50 (eat out twice per month and Starbucks once a week instead of two) -Open either a traditional brokerage account or contribute additional capital to company 401k &nbsp;</p> <p>-Just to list a few brokerage companies: TD Ameritrade, Fidelity, ETrade, Vanguard, Charles Schwab, and many more&nbsp;</p> <p>-The investment industry has gotten insanely competitive, as a result, most brokerages charge no commissions for Stocks or ETFs -Set up automatic monthly contributions into your brokerage account so you don’t spend that $50 you saved in expenses!&nbsp;</p> <p>-Listen to the entire podcast and do your own due diligence on low-cost investment vehicles like ETFs, Index Funds, or even some Mutual Funds&nbsp;</p> <p>-Invest at all times (up markets, down markets, sideways markets), enjoy the ride! &nbsp;Don’t try to time the market!</p> <p>ETFs discussed in this podcast:&nbsp;</p> <p>VUG - Vanguard's Large Cap Growth fund that focuses on passively investing in large-capitalization growth stocks.</p> <p>VTI - Vanguard's Total US Stock Market fund that attempts to replicate the total return o

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