If you could turn 20 today, what investment advice would you give yourself
I bought my first batch of stocks when I was 20 back in 2002 while still in college. I got my first real job as a HW engineer in 2004 and been pretty active in the market since then. Was thinking if I could turn 20 again today not knowing the future what would I tell myself and two Warren Buffet quotes come to mind, 1 - “ If you aren’t thinking about owning a stock 10 years, don’t even think about owning it for 10 minutes” 2 - “It’s far better to buy a wonderful company at a fair price, then a fair company at a wonderful price” Basically pick some good companies (Apple, Amazon, Nike, Google, ...), invest in them in set intervals through ups and downs and let them ride until I am 40 again. Curious what other older folks like me would do if they turned 20 again today
How much are your investments worth now?
DCA and index funds.
Buy XLK and TQQQ
Buying tqqq is nice if you were 20 in 2009, horrible if in 2000
Buy tesla
1. Index funds and 2-3 individual picks. That’s it DCA into index funds heavily 2. No options , no short term trades
Have a consistent plan and DCA in every month. Ignore the market and don’t invest emotionally.
Buy a house. It can be a starter house, but buy instead of renting. And keep buying an investment property every couple of years.
Keep zero cash
Invest in Myself, time, energy and money. Personal development Mental and physical health Relationships Community building around me.