I've been investing over 10 years. My best decision was making investing a monthly habit instead of just something I did when I had extra cash.
Treat investing like a bill you need to pay every month. Doesn't need to be a massive amount. What's important is making it a habit.
My favorite money hack: Use points from travel credit cards for flights/hotels, put the money saved toward investments. Easy way to book luxury travel for less, and you build your portfolio at the same time.
@3KComeback A good, simple approach if you're looking for high risk and high reward w/o going total degen. Gotta be confident you can hold through volatility with 66% total in VGT and 1 stock. And of course a lot depends on which stock you pick.
@SMB_Attorney The normalization of sports betting has been such a crazy change. Used to be something you could only do if you had a bookie. Now you just download an app and can lose as much money as you want (of course if you win consistently they restrict your account).
@JonLuskin Agreed, most people don't want or need a complicated portfolio. They just want something they can put money into every month, build wealth, and get on with their lives.
@WSJ Pretty soon we'll be hearing rumors again about how Anthropic's latest model is so dangerous that they won't release it to the public, but here's Opus 5.1 that's basically the same as the last 10 versions.
@Budgetdog_ Best option: Don't rely on Social Security, aggressively build up your investment portfolio so you can fund your own retirement. This way you also don't need to base your retirement age on when you can take Social Security.
@TheAlphaThought Home ownership also ties you to one place. Fine if you're sure you want to live there for 10+ years, but otherwise, you're better off renting.
@ramit It's a great deal for the financial advisor. For the client, terrible. Some people will argue this could be worth it for complex situations but even in that case, there are still flat-fee alternatives available.