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Vanguard S&P 500 ETF (VOO) - Find objective, share price, performance, expense ratio, holding, and risk details.
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This is how I'd invest my first $1,000 in my 20s. And this is coming from a 20-year-old with tens of thousands invested into stocks, ETFs, and crypto. First off, if you don't already have one, open a brokerage account. I like Fidelity personally. I'd put $400 into VOO, which is the S&P 500. I call this the Toyota of investing: consistent, reliable, in the best way possible, and boring in the best way possible. There's a very high bar that a company has to clear to get into this index. Then I'd put $300 into QQQM, that's gonna be the Nasdaq 100, the top 100 tech companies in the United States. This is mostly growth and tech, and yes, there is overlap from the last one. But if you're in your 20s, you have so much time for growth. You are at the point in your life where you can take on more risk and just let time and compound interest do its work. The last $300 goes into individual blue chip stocks, along with one of my risky bets. Blue chip is a fancy term for big household names. These are industry leaders that were here before we were born and expect to still be here when we have kids and grandkids. Think names like Amazon, Meta, Google, Walmart, Costco, Nvidia. But then you have to keep investing. The best way to do that is set up automatic recurring buys. It takes about two minutes, and if you can order DoorDash, you can set up this. I personally set up a weekly buy every single Monday. Set it, forget it, and let it compound. Nobody's teaching this stuff, so I am. Follow for more.