STEP BY STEP ON HOW TO INVEST IF YOU'RE 20

Ninety percent of your friends will never retire, but you will because you're following me and I'm gonna show you how to do it. See, most of your friends are in this mindset of I'll invest later. Investing can come later. This is a step-by-step process on how I would invest. I've been investing for over 20 years. If I were to start all over at the age of say early 20s with the knowledge that I have today, this is what I would do. First thing I'm gonna do is I'm gonna go to a brokerage like Charles Schwab. I know a lot of people are gonna say, what about Fidelity? What about E-Trade? What about Robinhood? All of the major ones are fine. I'm gonna go over here and I'm gonna click open an account. And I'm gonna open two accounts. I'm gonna open an individual brokerage account. This means that you're gonna be taxed on any dividends that you make and any profits that you take. And I'm going to open a Roth IRA, which is tax-free, but you really shouldn't be accessing this money until you're 59 and a half. Man, my computer looks a little dirty, huh? Okay, I think that looks better now. Now, people most often put the S&P 500 in their Roth IRA, but I wouldn't do that. Remember that the Roth IRA grows tax-free. And yes, the S&P 500 has an average annual return of 10% and yes, dividend funds will pay you dividends which will be taxed as income. But the goal with a Roth IRA is to avoid the largest tax bill possible. And that does not come from dividends and it does not come from the S&P 500. It comes from technology. So in my Roth IRA, I would max it out 100% and this is just me, if you're not comfortable, you do what works for you. I would max it out with a technology fund. FTEC is just one of many options. It is up 500% in the last decade. Doesn't guarantee it'll do that every decade, but it just gives you an idea. And it has relatively low fees and of course a very small dividend. In my individual account, that is where my S&P 500 fund would go. You can see 192% return in the last 10 years and extremely low fees and, uh, not great dividend but it's still something. I would also invest in a dividend fund. I'll show you the percentages afterwards. This one is up 100% in the last decade, so not a lot of growth, but it pays a much better dividend than the first two. At a certain point, if I ever decided that I wanted to buy individual stocks, I would most likely just continue to put them in my individual account because with your Roth IRA, you're maxed out at $7,000 a year. And this is just a very loose guideline of how I would invest. So this is 20 to 40 years old, 40 to 50, and 50 plus.