There can be many reasons not to invest one of them is “Investing in ETF’s is boring”. A 1% growth on 500000$ 💵 portfolio is 5000$ An average growth of 8% means $40000/year Investing in ETF’s is not boring .You just need to build your portfolio. You need to start investing and the goal is to start as early as possible Say you start when you are 18, Here’s how much you need to invest monthly (8% avg return) to hit the below milestones 🎉 by age 59: Age:18 $250k: 66$/month $500k: 132$/ month $1M: 264$/month $2M: 528$/month Age20: $250k: $78/month $500k:$156/month $1M:$311/month $2M:$623/month Age 25: $250k:$119/month $500k:$237/month $1M:$475/month $2M:$949/month Age 30: $250k:$183/ month $500k:$366/month $1M:$733/month $2M:$1,466/month Age35: $250k:$288/month $500k:$577/month $1M:$1,154/month $2M:$2,308/month Age 40: $250k:$470/month $500k:$939/month $1M:$1,878/month $2M:$3,757/month Age 45: $250k:$812/month $500k:$1,623/month $1M:$3,247/month $2M:$6,493/month Age 50: $250k:$1,588/month $500k:$3,176/month $1M:$6,352/month $2M:$12,704/month Age 55: $250k:$4,437/month $500k:$8,873/month $1M:$17,746/month $2M:$35,493/month The monthly investment for each milestone doubles every 5 years you lose out on starting to invest. With the advent of AI there has never been a greater time in history of investing to start investing. You could use the below ETF’s: dividend ,growth ,covered call ones(widely disputed) Canadian:🇨🇦$XEQT ,$XEI, $VDY, $VFV, $ZEQT ,$ENCL ,$BANK ,$HDIV . United States 🇺🇸 :$VOO$VTI ,$VXUS ,$JEPQ, $JEPI ,$SCHD, $QQQM ,$VUG, $VT. The stock market could drop 30% over the next year on year . Everything is possible. But your goal shud be to: 1)Continue buying at the right price (rather than timing focus on pricing) 2) Continue holding. 3)Think longterm. Reinvesting helps you unleash the power of compounding. Turn on DRIP(Dividend reinvestment plan ) which is provided by mostly all platforms. Once you breach the $💯k barrier your next leap of growth will be much faster . Happy long weekend to all Canadians ! 🇨🇦Monday motivation! Happy investing !!🚀😎 Disclaimer: Not investing advice! Please do your own due diligence before investing!
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Alessandro @alessandro.invests · 20d
I’m 30 and have been investing at least $1,500/month into $VFV or $XEQT since Feb, feels good to see this 👍
Question, if you’re at the age of 20 would you recommend investing in dividend funds like $SCHD? or is this usually recommended when your older or is this a good ETF to put like 5% of your monthly funds into?
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