📈Investing

Investing tip: Learn as much as you can before putting your money into something.

Stock to invest into:

One of the best ways to invest into the stock market is to dollar cost average into the S&P500.

Dollar cost averaging: incrementally invest money periodically

Example: A person can invest $10 into a stock every month over a period of 10 years. This can be automated payments to make it easier.

S&P500 Index funds: there is a single stock that makes it easy to invest called SPY and also VOO

Dividends: a payout that investors receive every quarter of the year depending on how much they invested. A good rule of thumb is to reinvest your dividends back into the stock so that you keep compounding your wins.

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One way to distribute your investments

1. gold (20% of your investments)

2. Crypto like Bitcoin (5%)

3. Cash (5%)

4. Real Estate (30%) (Note: Cars are a depreciating asset)

5. Stocks (30%) (Consider: commodities during inflation)

6. Leftover (10%) (put it in whichever of these)

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FOMO (Fear of Missing Out)

Whenever encountering FOMO, remember these:

• We all miss out opportunities every day. Missing out one more won't hurt in the grand scheme.

• There will always be a new opportunity in the future so it is okay to miss.

• Don't rely on lucky wins, instead rely on replicable wins. (This will allow you to be more confident and repeat your success)