DannyMullen
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Why Investing is Important
🕑 Added 2024-11-08 00:26:27 +0000 UTCThe S&P 500 - aka the top 500 companies in America, and one of the most commonly invested in indexes - is up over 25% this year. A lot of you in here are beasts and do invest, but for those who don't, what this means is, in one year, you could have gotten 25% richer. To my twenty-something self this all seemed confusing and just took a backseat to the idea that one day I would be miraculously and instantly wealthy, but the truth is 99% of people actually get rich using this formula:
-Aggressively cut costs and save money EVERY MONTH
-Download a financial app like Fidelity or Vanguard
-Open a Brokerage account in there
-Transfer in the money you saved
-Use that money to buy an S&P 500 Index Fund, like FXAIX or VOO (the Fidelity and Vanguard index funds, respectively)
-Repeat every month. One day you'll look up and be like "Oh shit - I have a lot of money"
Once you start off with the basics, you can use some fun money on crypto and individual stocks, but having a big mattress of S&P 500 is safe and, in years like this, super profitable. Start now! You can ALWAYS find ways to save a little extra money!
Comments
Marcos Abraham
Investing early is powerful advice, and I can attest to that from experience. I put my money into Bitcoin at 15 years old, and looking back, it was one of the smartest decisions I made. Today, I own my own car and have a solid amount of equity saved up, which gives me both financial security and flexibility for future investments or emergencies. Being prepared like this has helped me realize I’m further ahead in my twenties than many others my age. That early move set me up to keep building, and I’m grateful to have that edge moving forward.
Joe Pajamo
Up 1500% of my initial investment over the last 4 years. 200% YTD. Hop on the investment wagon while you can the only resource we can’t get back is time.
0
BTC, ETH, and don't let your memes be dreams. Pepe, Harry Potter Obama and Mog. Keep an eye out for Berachain.
Danny Mullen
Hey, I subscribe to entertainment/streaming stuff too, and other Patreon’s!
Danny Mullen
❤️
Danny Mullen
Hey bro, I read all this and agree with everything! Thanks for reminding me about a Roth: no reason for people new to investing not to put their funds there (I max a Roth every year)
Danny Mullen
I own all the other assets you mentioned, as well as S&P 500 index funds. This post was designed for people who have never invested before, and who probably aren't ready to just start dumping paychecks into something like MSTR when they don't understand what it is!
Travis Harris
If your new to investing it’s a good time to invest but the day will come when the market crashes and will feel like shit and u will lose the will to stick with it when your account goes up every month u will pay attention but as soon as u lose half your money you will be discouraged I managed to be in early in several top tier investments for example Tesla nvidia palintir bitcoin solana and others so I have done very well especially for the fact my monthly income is weak but I learn to trade options and use margin effectively Don’t do that as a beginner it’s extremely risky I also really enjoy investing at watch or listen to at least 4hrs worth of financial related stuff every single day Danny would go the graham Stephan route and say stick with S&P index’s which is basically a bundle pack of owning small amounts of every single company in a America( for the most part there are some companies that are not added but it’s still a safe investment) anyway I probably should stop typing I’ve been up for way to long my main point is the economy is in pivotal point and there could be a good pull back in the market sometime in the next few years meaning stocks and assets could drop a good amount meaning u will likly lose some money at some point and as much as to normal brain that means fuck I failed time to bail It is not it’s the time to double down and invest even more when the market drops now u get to buy stuff on sale instead of at full price it’s been prove every single time again every single time always go balls deep when the market crashes the American economy to a degree is designed to self correct and trend upward it always has and hopefully always will and and even if the overall market does poorly if your smart and learned enough by then u can find the sectors that are still doing well and if you really learned the game of investing you can actually make money trading both ways most people only make money when the market goes up But there’s actually ways to trade and make money when the market goes down Bottom line investing is extremely important it’s truly the simplest way to become a millionaire and unless you have some other scheme to make millions I would say u definitely should invest PS don’t listen to Leo haha fuck Disney stock it’s a shit assets currently and has been for several years and Leo him self doesn’t seem to understand his largest investment he speaks about it as if he thinks Disney makes most of its money off movies that is not true at all Disney makes most of it revenue and profit from its theme parks so Disney having hit movies will really barley move the stock price and also Disney hasn’t made large selling movies in several years anyway stick with S&P learn the basics it will be boring as shit but it’s a safe game plan and if you have the brain to put more effort into it start buying into specific companies like google or Apple there huge companies so there typically safe as well and then work your way down after u build a core portfolio and also I would if your young open a Robinhood account not Schwab or vanguard the layout sucks ass and will bore u even more it’s like 1999 software and and in Robinhood u have a “normal” taxable account as your primary account u can buy as much as u want unlimited but when u sell u have to pay taxes put about 50-70 percent of your investment money in there and then in Robinhood u can also open a ROTH IRA which is for retirement u can only add per year a max amount 7k into it and when u sell stocks u have in that account u won’t have to pay taxes when u take it out in cash to live off when u retire Unlike a 401k or normal brokerage account It seems complex but it’s really not u can get advice on YouTube from billionaires with podcast the info is out there u just have to find it I would say watch graham Stephan. Videos or financial education or meet Kevin’s old videos if your new to investing and for crypto be extremely careful who u Listen to online Invest answers is a excellent channel for crypto but may be a bit complex for new investors Me personally if someone asked me to build them a simple portfolio and they had medium risk confidence I would probably do 70/VOO 10/QQQ 10/BTC 10/Apple google and most large cap and a semiconductor ETF
Kevin P
Hell yea! I'd like to see more content on investing
Justyn
Thanks Danny
Gleb Dianov
bro 25% YTD? BTC is up that in like 25 days and up 100% since a year ago. I wonder what would give higher risk-adjusted returns - levering up 4x on S&P 500 vs just holding Bitcoin. Oh, and while we're talking stocks, MicroStrategy is outperforming all stocks on S&P 500 and their corporate bonds are outperforming Bitcoin itself tl;dr: opportunity cost is a party pooper
ipauq
only too late if you're out of time
Patrick McCarthy
But good looks for putting this out
Patrick McCarthy
We, the ones paying for Danny Mullen Patreon prolly not the type to invest
Tony
Fuck ! Should I buy S&P now ? Or is it too late ?
