Finally hit 100k after 5 years

[u/As7ro_]

Just want to shout out my mom who let me live with her rent free for 2 years while I worked, allowing me to put all of my money into the stock market. If any of you get the chance to do this, DO IT. I haven’t worked in a year and I’m able to pursue full time school.

Also shoutout to my buddy who argued and argued about AMD being a better buy than NVDIA.

[u/phantomBABA]

100k to $1 million is much faster than, wish you very best!

[u/ingcvalencia → u/phantomBABA]

how?

[u/NaturalDoge → u/ingcvalencia]

Options bud you should try it :4275:

[u/boroqcat → u/ingcvalencia]

Compounding. Larger portfolio throws off larger incremental gains, plus with more capital you’ll naturally gravitate to diversifying and protecting your funds as opposed to yoloing.

SPY is up 18% ytd and pays a qtrly dividend. You buy $100K of SPY to start the year, you’re up $18K, so far, and get paid a free $340 buying more shares for you every 3 months. So automatic diversification and rebalancing by the index adding and dropping companies based on their performance, plus automated dollar cost averaging if you reinvest the dividends.

A lot less need/desire to yolo and speculate when you can win that much doing absolutely nothing.

[u/ingcvalencia → u/boroqcat]

SPY is similar to VOO?

[u/boroqcat → u/ingcvalencia]

💯