Inflation_Rider

Computer Science student who wants to track and discuss his journey of investing and getting wealthy.

#looongwaytogo

[Erich Winkler @DecodedSecurity]

@unusual_whales I can’t see how it’s useful.

[Erich Winkler @DecodedSecurity]

What would you add?

[Erich Winkler @DecodedSecurity]

Nicely done!

[Erich Winkler @DecodedSecurity]

According to a CNBC survey: 58% of Americans are living paycheck to paycheck

Isn’t it crazy for you?

[Erich Winkler @DecodedSecurity]

In 2021, 68% of adults would use cash, savings, or paid-off credit cards to cover a $400 expense.

This means 32% of Americans would not have been able to cover the expense.

If you are in this situation, build an emergency fund first. Then start investing!

Do you agree?

[Kapisch @onekapisch]

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[Erich Winkler @DecodedSecurity]

Interesting statistics:

➡️20% of Americans don’t save any part of their annual income.

➡️ On average, Americans save less than 5% of their income.

➡️ 54% of Americans with only a high-school education aren’t able to come up with $1,000 for sudden expenses.

Lesson?

BUILD AN EMERGENCY FUND FIRST.

It makes no sense to invest money that you are going to need in the short term.

[Erich Winkler @DecodedSecurity]

You can only choose one:

Working as hard as you can in your 9-5 job that you hate for 10 years

Or

Working kind of okay 9-5 job until you are 65 y/o

What is it going to be? And why?

[Erich Winkler @DecodedSecurity]

How much time a day do you spend reading financial news?

[Erich Winkler @DecodedSecurity]

Let’s be honest here:

How often do you check your portfolio?

Are you obsessed?

[Erich Winkler @DecodedSecurity]

Just a kind reminder.

[Erich Winkler @DecodedSecurity]

🚨For dividend investors: 🚨

Do you reinvest your dividends?

No?

I would suggest doing so.

Because if you need to get that dividend snowball rolling.

Do you know how big of a difference it can make in 20 years?

[Erich Winkler @DecodedSecurity]

You can only choose one.

Which one is It going to be?

S&P500 or Nasdaq 100

[Erich Winkler @DecodedSecurity]

What’s your favorite ETF for the Nasdaq 100 index?

My recommendation would be $EQAC from Invesco.

Accumulating ETF, which means all dividends are automatically reinvested.

[Erich Winkler @DecodedSecurity]

I just added two whole pages to my ebook.
Almost done!

[Erich Winkler @DecodedSecurity]

There is a big difference between getting into a difficult financial situation and being irresponsible about money.

I can understand one, but I can’t understand the other.

What do you think?

[Erich Winkler @DecodedSecurity]

If you are a long term investor, you don’t need to check your portfolio every day.

[Erich Winkler @DecodedSecurity]

Good morning, everyone!

Thank you for engaging with me!

What are your plans for the weekend?
Are you working or relaxing?

[Erich Winkler @DecodedSecurity]

I’ve connected with great people on X. He is one of them! Give him a follow!

[Erich Winkler @DecodedSecurity]

Never pay taxes if you don’t have to.

The government won’t appreciate you more for paying them. You won’t get anything in return.

Avoid them if you LEGALLY can!

Agree?