At 21, I’m nowhere near rich (but I do feel like it sometimes hehe🤫🔥), but building my portfolio to $39,000 and my net worth to $56,000 has taught me a lot already. These are probably the 5 best investing decisions I’ve made so far!! 1. Starting early instead of waiting The biggest advantage for me was time 🕰️ The small amounts invested at 19-21 can become huge over 25-30 years because of compounding!! Just remember, I started with only $300 in November 2024 and look where we are today!! 2. Investing consistently while working full time in the summer. A lot of my growth came from consistency. since age 18, I have been only able to work full-time for four months out of the year (APR-SEPT). Furing this time when I’m out of university, I am working my butt off putting in 12 hours plus each day between my day job, business, and side hustles. Even during busy periods, continuing to invest every month kept momentum going and stopped me from trying to time the market. Trying to time the market will always end in a disaster. Just keep investing, no matter what even at all time highs. 3. Focusing mostly on ETFs instead of chasing hype For those of you that have been around my page for a while you know that for a short period of time I was chasing hype and yield, but luckily, I broke even and technically didn’t lose any money, but at the same time while the market was pumping I wasn’t gaining any money. Broad market ETFs like the S&P 500 $VFV, emerging market funds like $XEC, Developed country fund excluding north america like $XEF, as well as canadian top 6 bank fund like $ZEB gave me long term growth without stressing over individual stocks. this made it easy just putting money in knowing I wasn’t making a bet on a single stock. That decision probably saved me from a lot of emotional trades. 4. Avoiding lifestyle inflation One thing I realized: every expensive monthly payment slows investing down big time. From age 15 to 18 I bought all the clothes, gaming, accessories, games, and everything else I could ever need for the rest of my life materialistic wise. At 21, I do not buy clothes anymore. I only buy assets that can go up in value, for example like baseball cards and also only pay my bills. Keeping expenses reasonable let me put more money toward assets early. 5. Building income first, then investing aggressively A bigger income changes everything. I found this out early and started put more hours at work and scaling my business and side hustles so I could maximize my income every month. Focusing on increasing what I earn instead of only obsessing over returns gave me way more money to invest consistently. Going from investing a few hundred a month to a few thousand matters more long term than trying to find the perfect stock/ETF. The early dollars come from what you put in not returns. So focusing on putting more in was really high on my priority list. Now, take what you will with this info and if you have any questions feel free to DM me let’s talk! Put in the comments what the best investing decision you made in your early 20s was!
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