You’ll pay taxes on dividends. You won’t pay tax on VOO appreciation. Don’t give Uncle Sam any more of your money than you need too. When you reach a certain point, you can build a dividend portfolio when you need too. At 22, you don’t need income. You need growth and avoid taxes.
@QC_Capitals If I have 6 months, I’m buying Pokémon cards to flip to double 5k. Much easier to double 5k with Pokémon cards than it is stocks in a short time frame. Long term and with WAYYYYY more money, that’s when stocks are the better vehicle.
I always got confused from "investors" when they're like:
"I need to see momentum before I start buying"
"Price needs to hold support at my .12344321345 Fib level or this thing will crash 287% more!"
So complicated. Just buy great companies that show strong businesses, growth, etc and who cares if you miss the EXACT bottom. If SOFI goes to $45, do you really care if you got in at $14 or $16?
let me know how that scales. Maine is literally one of the least diverse and less populated states. Over 80% of the entire Maine population is literally adults. Good luck scaling that to everyone in the entire united states.
This isn't to say "I hope kids go hungry because I'm an evil person". I'm simply saying with the way things are right now, this is all a pipe dream and wont work, even if it works for your tiny, non diverse, 80$ adult state.
@1000xStocks chop chop and more chop dictated by short term emotions and headlines. this will continue for as long as people seem to think valuations dont matter
My company stopped all professional services and consulting spend in favor or just having our smart employees ask AI how to do X Y and Z. Our employees are not dumb people, they are very smart and know our environment very well. AI helps fill in the gaps for the nitty gritty details that consultants usually know about a specific product or domain. AI isn't replacing the underlying software, its replacing who is deploying, managing, and maintaining it.
@InvestorJared It would be enough for me to quit my 9-5 and be able to go 100% into my side hustle. I don't think i'll ever want to fully retire. I genuinely enjoy my side hustle
No one is going to vibe code a replacement for CRM or NOW.
However, smart employees working at companies are going to ask AI "how should we do X?" "What's the best practice for Y?"
My prediction: Consulting companies will take the biggest REAL hit to their numbers. They will turn into niche sectors within consulting and only elite people (if they can even retain elite people). Super SaaS companies that are vertically integrated into the BEST companies in the world are going to thrive, become more efficient and make/save their customers more money.
The company that employs me isn't even a very big company, and we are so reliant on $NOW and $CRM. Getting rid of those doesn't even make sense. No single person or small team could "vibe code" our own. We can't even switch to a competitor of NOW or CRM. I believe the market has these 2 businesses and others completely wrong.
@YodaStockInvest BTC has a fundamental issue when 1 person (Michael Saylor) can own a meaningful % of all supply. That is not how a decentralized digital currency is supposed to work, even if he destroys his keys.
I used to be a big believer in BTC until Saylor started doing this.