SPYM
Tradr 2X Long SPY Monthly ETF
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Trump account deposits just dump into SPYM
Contribute to Trump accounts or just a brokerage?! 2 kids
Should I see my 3 individual stocks and buy the SP 500?
VTI or VT?? (70% VTI - USA and 30% VT - International)?
How to set myself to make best use of downturns?
Portfolio sharing and how to set myself to make the best use of market crashes?
More affordable deep ITM leaps to trade than SPY with decent liquidity?
Should I (would you) sell VGT/SMH/FTEC/XLK and maybe MGK and just buy SPYM or something else?
Looking to be a strong end of November.
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>10% developing (SPYM) Is SPYM in the UK different than SPYM in the US? In the US it is S&P 500, which is basically the furthest thing you can get from developing. >20% Nasdaq 100 (QQQM) On including QQQ(M): Remember this has heavy overlap (over 80% by count last I checked) with the S&P 500 or US total market. **Look only at the inclusion criteria, not past returns** (as they’re a terrible way to judge future returns, at least in the way most people tend to believe). Do they make sense to you? Does it make sense to over weight these stocks based on the inclusion criteria of the index? They don’t to me, I view it as complete nonsense.
I like it tbh. At 29, the risk reward on that is solid for the next 6-12 months. Imo, Worst case you “lose” 5-10% (which I don’t believe will happen). Best case, that grows 25-100% probably. Otherwise, VOO/VTI/SPYM/etf x and chill…
Im doing SPYM instead of SPY. Its around 88 compared to SPY being 750. They are basically the same thing except SPY is more for traders because it has more liquidity.
VOO is definitely better than VTI. And don't forget the SPYM. SPYM has a cheaper expense ratio. And you can sell covered call to enhance your benefits. Good luck
State income taxes don't apply? Then be sure to include munis that avoid federal taxes. Control costs now. If you're trying to amass wealth on top on the guaranteed 80K/month, more savings early in the timeframe is a real advantage. Likewise, keep after it. If the person is willing/able to work at it some, direct investment into property might be an option to do some tax things. REIT likely wouldn't have the tax advantages but could provide the diversification. One possible allocation could look like this: 25% SGOV or similar, 25% FLMI or similar, 15% international index fund, 35% broad US index such as VOO/VTI/SPYM. If 50% stocks is more than your comfort, dial it back into TIPS and/or SGOV (RETI and/or property fits here too).
I think, as a non-US resident, you won't need to pay taxes when selling US stocks for a profit, but dividends are. VOO/SPYM/IVV dividends are on average 1% per year. The performance on A200 doesn't look very attractive. I believe young investors can afford to take more risk as you'll have decades to ride out volatility. As you age, you'd dial back the risk.
Start with a high yield savings account or open a brokerage with vanguard, fidelity, schwab or similar reputable company for your country and invest in a money market like SWVXX on Schwab, treasury bonds like SGOV, or similar. This will help you stay ahead of inflation with 3-4% interest/dividends until you learn more about what to invest in. Popular assets typically are etfs that track indexes like the S&P500 SPYM, Nasdaq 100 QNDX, total world index VTI, and similar. Some brokerages support automation like Schwab and their S&P500 SWPPX mutual funds can invest automatically on a weekly schedule so you have more time to focus on income and life.
US only broad market etfs with ER under .10. SPYM is the current only option, which is probably fine forever.
I opened an account. As of now it's only SPYM. Eventually, they will allow other variations of the S & P 500 and total US Broad market funds. I don't think VT will be an option. All investment funds must be US based during the 1st 18 years from the information I read.
SCHD. With $100k saved, you likely need to find new work ASAP. 3.5% from SCHD and on average around 8% annual growth totals around 10-11.5% average total growth is a fair balance between dividends and still accumulating value. Total dividends from $100,000 investment you're looking at around $3,500/year or four quarterly dividends of $875. It's not enough to survive on or do much with beyond some groceries and food. SPYM S&P500 is a more efficient investment but carries more volatility. More days you may have to sell when deeply negative and that will really suck.
Maybe your FA is just on vacation? Tbh 85k is such a small amount I wouldn't be surprised if he's managing it using algorithms or just as an afterthought. It sounds like you are trying to avoid realized gains. If that's the case just buying SPYM or VOO yourself would be much easier.
First I want to congratulate you and your father for starting on this pathway. Too many people are scared to invest. Nowadays it is a lot easier to do so, and the way to grow wealth long-term (5+ years) has been well refined. 2 good books to read that helped me a lot are: - Millionaire Next Door by Thomas J Stanley. - I will teach you to be rich by Ramit Sethi. Lean about different retirement accounts (company sponsored and individual ones), active vs index funds, and ETFs vs mutual funds. Accept that investing into most individual stocks is far worse than a collection of stocks (index ETF or index mutual fund). The only exceptions are high growth stocks that are literally effecting an economy (Tesla, Google, or Nvidia). Also, the most popular funds are not always the best to apply in all situations. Mindlessly following VOO and VTI isn't the best thing to invest into in every account type. Some other investments have lower expense ratios, better automation, can be less difficult with brokers that don't offer fractional share investing, or better suited when turning on the breaks in retirement. Zero expense ratio funds with good performance are around. The only things I would have done differently, would have setup a HYSA sooner and invested into a Roth IRA sooner with my tax returns. However, the 2000s was a bad decade to start with far more limitations and fees. This generation has it far too easy, which I am happy for them. Just take full advantage of it. Avoid brokers with bad customer service (Robinhood and E*Trade). Fidelity, Charles Schwab, Vanguard, or SoFi are the best choices for long-term investing with good to decent customer service. At your age and using a custodial Taxable brokerage account, just get started with ETF SPYM. Lowest expense ratio for a good ETF and it follows the S&P 500 index. The S&P 500 index requires all the stocks in it to have 4 straight quarters of profits, so only winners.
It’s the ETF …… SPYM (a very good ETF) …….. pretty soon (30-60 days) you’ll be able to invest it in any US mutual fund or ETF as long as it has an expense ratio of 0.1% or less ………… you’ll also be able to transfer the account to any brokerage you want at that point. I’ll be transferring my son’s to Fidelity. All this information came from Fidelity.
With only $100 a week, you should buy SPYM. It’s the same thing but about $80/share. This way you don’t have to buy fractional shares. My brokerage doesn’t even let me buy VOO fractional shares
Directly in the app - it will be auto invested in SPYM.
From the looks of it in the app, SPYM is the only option.
from my understanding Robinhood is the custodian/broker and there is one investment choice by default; SPYM. you may be able to change the investment but AFAIK they are all either S&P500 or broad market ETFs
Yes you’ll view the funds in the app like it’s any brokerage account. Mine is invested in SPYM.
If you're looking for an even lower expense ratio S&P 500 ETF, try SPYM (formerly SPLG).
VOO and SPYM are essentially identical in performance because they track the same index. SPYM has a slightly lower expense ratio which you could argue makes it "better" for most people as a long term buy and hold - but you are splitting hairs. The truth is investing regularly into any well established broad market ETF will make you money.
Pretty soon you’ll be able to change it to things like VTI and VOO ….. the SPYM is just the starting default ….. you’ll also be able to transfer it to other brokerages like Fidelity and Vanguard ….. give it a chance to get completely up and running Here’s a quote from the article tagged below: “During the growth period, funds must be invested in broad U.S. equity index funds – such as mutual funds or ETFs that track market indexes like the S&P 500 – with no leverage and annual fees and expenses capped at 0.1%. Subject to limited exceptions for cash, no other investments are permitted, including sector-specific funds.” https://www.chase.com/personal/investments/learning-and-insights/article/trump-accounts-for-kids-considerations-for-parents It all comes down to, nobody is forcing anybody to open one for their kids. If you don’t want to open one for your kids, don’t ………… 20 - 30 years from now we will see who’s doing better……… the kids of the parents who opened the accounts and fully funded them for their kids for years until they turn 18 then converted them to Roth IRA ….. or the kids of people who didn’t.
I would just invest in S&P 500(SPYM VOO etc) - top 500 companies and gets reorganized to include/remove companies World Market Fund(VT) - this is broad domestic market and also includes international stocks Dividend ETFS(do this in your roth but SCHD and DGRO) generally blue chip companies and pays a yield but also growth of roughly 10% Growth Stocks(QQQM VUG or SCHG) - stocks that are expected to outperform the market but high volatility downsides is greater but upside is the same Doesn't seem like you want to frequently monitor stocks so I would just pick ETFs that best represent your risk tolerance which is likely some combination of SPYM, SCHD, VT, and QQQM
All baby Trump accounts are being invested into SPYM over the next month. SPYM calls EZ.
>Ahead of the July 4 launch, the US Treasury announced that the default investment for all accounts will be the State Street SPDR Portfolio S&P 500 ETF (SPYM), which tracks the performance of the S&P 500. It has an expense ratio of 0.02%. >Treasury also noted that “in the coming months,” parents and guardians will have a choice of four other funds into which they may allocate contributions. Those funds are the iShares Core S&P 500 ETF (IVV); Vanguard Total Stock Market ETF (VTI); State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) and iShares Core S&P Total US Stock Market ETF (ITOT And Robinhood is managing it.
Concerned about State Street? SPYM seems to be the best place.
"Ahead of the July 4 launch, the US Treasury announced that the default investment for all accounts will be the State Street SPDR Portfolio S&P 500 ETF (SPYM), which tracks the performance of the S&P 500. It has an expense ratio of 0.02%."
I think it’s locked into just SPYM
Trump account (530a) vs 529 account. Both are tax advantaged for kids but looking at the details they seem to benefit 2 different crowds. 530a plan: Basically, a Traditional IRA for kids and the kids do not have to work. This leads to kids focusing on school and social life until 18. The default fund is SPYM with an expense ratio of 0.02%. No tax-free withdrawals for college unfortunately. Great for kids that will take over or take part in the family small business and roll it over to a 401k plan. Also, for hard working and gifted kids that will have a full scholarship to college. Including D1 college athletes who will have NIL money. 529 plan. The new triple threat. Tax protected during growth and tax free for certain withdrawals. College expenses, trade school expenses, and up to $35k can be converted to a Roth IRA (tax free retirement gains). Limited to the big 3 brokers currently (Vanguard, Fidelity, and Charles Schwab). Charles Schwab only offers a customized Target Date fund. Fidelity and Vanguard also add S&P 500 investing. Great for families who want their kids to have job skills over the long-term, and a head start into Roth IRA investing.
What do you SPY and VOO are nearly identical. What do you mean start with one then do the other? Besides SPYM has the lowest expense ratio
and IVV is +1.92% for some reason, VOO, SPY, SPYM are 1.6-1.66% ES1! is only 0.15% higher than SPX but they’re still only 1.18-1.33% I don’t understand
The index ETFs copy their underlying indexes but it’ll never be perfect .. hence the tracking error %. Iirc it is State Street’s SPY etf that really tracks well which is why traders use it, but it’s “expensive” with a 0.09% expense ratio (er) that many passive investors try to avoid as it accumulates over time. Long term investors can use their SPYM (also S&P 500) at 0.02% er or Vanguard’s VOO, iShares IVV at 0.03% er for longer term “buy and forget” long term investing.
Anybody notice that SPY, VOO, SPYM, IVV are all showing +0.50% higher than the actual S&P500 all morning?? Is the market broken? What gives?
If you want advice, stop doing this. You are just gambling and this will be the same outcome, every time. The market will take your money slowly with every bad trade, because there are professionals whose career is to take money from chumps who trade like this. At least you just lost $2500, not $100k like some of the fools on here. Want to make money? Just buy SPYM progressively over the course of decades. Don't try timing, don't even look at options. Just buy SPYM on a preset schedule once a month. Just admit you don't know the market better than the pros, and stick it to them buy just owning low-cost index funds. If you have extra money and high tolerance for volatility, you can add QQQM too. It's higher risk but higher growth over time, (high exposure to tech) so expect more volatility.
It's a meme stock. No massive movements beyond a Gamestop like rise. Don't YOLO invest (hold for 5+ years) into it. However, a quick trade might make some quick cash. A better, yet boring, long-term investment would be into the S&P 500 fund (Index mutual or index ETF). SPYM for a taxable account, and FXAIX/SWPPX for a Roth IRA if eligible.
You trading SPYM? Cuz you couldn't buy a 736 spy put for $150
Ignore these other nerds saying VOO and go SPYM. Same thing, lower expense ratio.
Apps: Either Fidelity or Charles Schwab. Investing recommendations for "set it and for get it": An S&P 500 fund. Fidelity: FXAIX or SPYM (ETF) Charles Schwab: SWPPX or SPYM (ETF). If you are not working, open a taxable brokerage account and invest into ETF SPYM. ETFs are better for taxable brokerage accounts due to tax efficienct nature of their setup. Invest about $2,000 of the $7,000. Keep the other $5k in a HYSA of 3% or higher. If you are working, even part time, put $2000 in a Roth IRA instead. With Fidelity, invest into FXAIX. With Charles Schwab invest into SWPPX. Do the same with the $5k remaining (into a HYSA). Typical order of investing operation: 401k/403B company plan match > 3 moths worth emergency fund in a HYSA with 3% or higher yield > Roth IRA if you have a job > taxable brokerage last with ETFs.
Try to keep some amount of money available as an emergency fund. For better returns on your savings, you can put it into a money market. If you know nothing about investing, I would recommend only using a website instead of getting an app so you don't look at it as often. The goal is long term growth, so no reason to look at it frequently and potentially get scared into selling when the market is down. Like people said, VOO/SPYM/VTI/VT are very safe long term investments. Keep in mind that IRA contributions are limited to your earned income, so if you are not working, you'll have to use a normal brokerage account.
First I recommend opening a Roth IRA at Fidelity or Schwab. This is important because taxes will eat away at your gains if you don't put it in a tax advantaged account. Always stay within your yearly contribution limit. You could add a regular brokerage account if you want to save more than that, but you'll have to deal with the taxes. The easiest strategy is to invest your money in a low cost S&P 500 index ETF like VOO or SPYM. This should be the core of your portfolio. It's something you can do now and then later on you can do your own research and figure out what other investments you can add.
SPYM is $88 per share right now
There is no realistic path to $6-10K a month given these parameters. However, you can absolutely use that money to kickstart your savings. If you put it in something like SPYM, that money will double every 7 years, give or take. That means you'll have $60k in 7 years, $120k in 14 years, etc. In 40 years, you'll have 1.3million. And that's without making any more contributions. If you do add something small (like 100 a month), you'll have almost 2 million. $30k alone is not going to magically transform your life overnight. But, it will change your trajectory quite nicely. PS--read JL Collins' Simple Path to Wealth. Your local library likely has it and it will teach you a huge amount about investing.
pay off your debt 6 month emergency fund into high yield savings account Roth Ira max into SPYM QQQM rest into regular brokerage SPYM QQQM auto reinvest all Dividends
Put most of it, $300k, into an S&P 500 ETF. SPYM is a good choice with the lowest expense ratio of 0.02%. Keep $100k in emergency savings. A) A Treasury ETF. They are exempt from state income taxes on your interest earned. Either SGOV or VBIL. B) A high yield savings account with 3% or higher interest. Wealthfront, SoFi, Capital One, American Express, Barclay, or Marcus. More liquid than a Treasury ETF, but not state tax income protection. A better choice if you live in the 9 states without state income taxes.
No, the spread doesn’t really delay the transaction. It’s just the gap between the price buyers are bidding and the price sellers are asking. Example: if the bid is $100.00 and the ask is $100.01, a market buy will usually fill around $100.01 and a market sell around $100.00. That tiny gap is the “cost.” If you use a limit order during normal market hours, you can control the price you’re willing to pay. The only time it may not execute immediately is if your limit price is too aggressive. For weekly/monthly investing in something liquid like SPYM, the spread is probably not a major issue. Just avoid market orders at the open/close.
SPYM isn’t exactly illiquid. State Street lists it with about $137B AUM, 3.4M shares traded on the primary exchange, and a 30-day median bid/ask spread of 0.01%. For a weekly/monthly investor, that’s probably more than enough liquidity. SPY is the better trading vehicle, but for buy-and-hold the lower expense ratio matters more.
For your brokerage, you can choose IBKR (Interactive Brokers), which excellently serves international clients. For ETFs, you can opt for VT for global market exposure, invest in VOO, or give priority to SPYM. Like VOO, SPYM tracks the S&P 500 but features a lower share price and a cheaper management fee. Alternatively, you can enable UK stock trading on IBKR to buy London-listed ETFs. For instance, VWRA tracks the global market, and VUAA tracks the S&P 500. Both are accumulating ETFs—meaning they don't pay out dividends but automatically reinvest them to maximize the compounding effect. This approach saves you a significant amount in taxes. For one, the dividend withholding tax sent to the US government is reduced to just 15%. Furthermore, because these ETFs are domiciled in Ireland, they are exempt from US estate tax. To put that into perspective, the US only grants a $60,000 estate tax exemption to non-US citizens. Anything over $60,000 is hit with a massive 40% tax. For example, on a $1 million portfolio, the US government would take $400,000, leaving your family with only $600,000. On top of that, your home country might levy its own estate tax depending on your local tax laws. Therefore, investing in Irish-domiciled ETFs is your best bet. However, keep in mind that IBKR is virtually the only US brokerage available to foreigners that allows access to the UK market. Other US brokers only let you buy US-listed stocks, leaving you vulnerable to the 30% US dividend tax and the 40% estate tax.
I've been telling newbies to use SPYM in a taxable brokerage account since the S&P 500 index switch and lowered expense ratio. Long-term holders of VOO, IVV, or SPY should continue investing into them. No point in losing your great positions for a slightly less expense ratio.
That depends on your brokerage's margin requirement and the stocks you want to trade. If you want to wheel the SPY you should have 80k+ SPYM you'd want $9,000. This isn't a question with one correct answer.
I’m all in on SPYM, SPY and VOO are just \*expensive\* per share, I like having a bit more flexibility and still get the same exposure. I highly doubt they would change indices again.
Vanguard had first mover advantage. (They did it first) And so VOO if the gold standard everyone uses. There's been other that have come along and done it slightly better or for slightly lower price/fee SPYM is best example I know. If you are in it for 35+ yrs of investing that 0.01 will matter maybe $3000 or $4000 total in your life combined - so both are good choices I trust both and I own both. (Voo I always had) and more recently I have been adding as SPYM (SPLG)
Exactly! SPYM is super underrated. VOO hype is a bit annoying.
SPYM and VOO are pretty much identical we except for the expense. I prefer SPYM.
If you ask this question to AI and or read the wiki and follow it maybe spend some time watching the right YouTube videos.....financial podcasts etc You can do it your self and avoid a lot of fees that compound over the years. Most basic advice - get broad market low cost index funds like SPYM VOO VTI QQQM VXUS VT If you mix it up with some variation of those (and no others) you will be fine. Make sure you are making a Roth if under the limit - if over the limit max a traditional 401k and keep shoveling money into taxable brokerage accounts. It is not super hard. Just takes literally a few hours of reading for the basics to make sense. Remember that good enough is good enough at 27 yrs old. If you start working out 1% for financial advisor at 27 and do so for 35+ yrs you are going to give away a lot of freaking money. If you really feel a financial advisor is your best bet this early - ask alot of questions and learn "why" and how. Then commit to learn enough to do it yourself after two years
If you are starting now - instead of VOO you could use SPYM - same holdings but SPYM expense ratio is lower (0.02 vs 0.03)
SPYM 0.02% expense ratio for the S&P500 is the best
SapceX will still be in target date funds. Since most people just blindly accept the company 401k/403b plans, Elon will still get his money. Just not S&P 500 funds, small cap, nor international. It's a great time to invest into a S&P 500 fund. FXAIX, SWPPX, VFIAX, VOO, IVV, SPY, or SPYM.
GSEW and EUSA are equal weighted indexes with low expense ratios. So LILY and JP Morgan have the same weight as Nvidia and Google. However over 5 year + periods these will likely underperform VOO or SPYM. S&P index funds drop companies that shit the bed and reallocate for you.
Me I used to own a hundred shares of QQQ and QQQM but I have been slowly selling all the shares in my IRA 😔 I was going to start some weird sector thing with dfus until sp500 recently announced they wont rug pool for SpaceX so I am loading up all my handy cash into VOO and SPYM. And it actually came at a good time for me cause I sold a lot of QQQM and QQQ - Thursday and Friday morning. Then Friday the bottom dropped a couple inches. So that was good
Hi, I am looking to rebalance my 401(k) portfolio and reduce my exposure to SpaceX. I am considering shifting toward S&P 500 index funds (SPYM) and VXUS instead. Does anyone know whether VTI, VT or other total-market index funds would include SpaceX immediately after it becomes publicly traded, or whether they have better eligibility requirements similar to the S&P 500? Thank you.
SPYM in a taxable brokerage account due to the lowest expense ratio of an S&P 500 ETF. Either FXAIX or SWPPX in an 401k, IRA, or Health Saving Account (HSA). Low expense ratio and being an index mutual fund it psychologically reduce a panic selling temptation. Fidelity uses FXAIX. Chares Schwab uses SWPPX.
A) Stability. The standard deviation on the S&P 500 ETFs and index mutual funds are 2nd most stable with 7% or higher upward growth. Only ETF VT is more stable. B) Quality stocks. All the stocks in the S&P 500 index need to have 4 straight quarters of profits. Basically, a collection of winners. C) Low expense ratios. As low as 0.015% to 0.19%. For ETFs, as low as 0.02% (SPYM). These are very small prices to pay for stable winners.
Will SPYM be safe to avoid SpaceX as well or is it just VOO?
I'm getting in on it whether I want to or not thanks to the corruption that's letting it infest broad market index funds. Unless I want to completely check out of SPYM until the smoke clears, which goes completely against my personal investment philosophy of buy and forget.
Past results don’t indicate future results…or whatever that saying is. Look I’m not gonna argue investing in SPYM but that also isn’t a single stock name. That’s a completely different type of investment choice which is kind of silly in this context. So many stocks lie dormant until they explode and many times you have to have a thesis to invest. Look at MU before from 2020-2025. And now it’s exploded. I’m not saying GME is MU, but a company clearly showing signs of positivity is the type of company you want to be in for growth. Not a company that is continually underperforming… that’s pretty basic. Having said that, I’m not in GME.
Let me guess next you’re gonna tell me 42 shares of SPYM isn’t a SHIT TON?!?! Fuck this I’m buyin a lambo
damn you taking the L on Nike and PYPL too 😞. I'll be honest never a bad idea to take profits(I usually just take out my initials and move it over to and ETF like SPYM or QQQM or SPMO)
SPYM has been steady going up like nothing. But I guess we can say the same for other ETFs.
Yeah that's the move honestly. Nothing worse than watching a green position turn red because you got greedy trying to time the top. SPYM is solid too for the dividend growth.
It's good to have layers of volatility by the time you retire especially because it really sucks selling QQQM compared to SPYM during a recession. Buy SPYM and/or QQQM from now on. Cheaper than SPY and QQQ. There are always better performing etfs. QQQM < SPMO < VGT < FMTM < SMH < AIS < DRAM < etc. The difficult part when performance chasing is knowing when too much is too much. You're not going to ruin yourself selling a little of SPY over time to put into QQQM but definitely plan out the taxes before selling. If a SPY share has a short term gain, don't sell it. If a SPY share has a long term gain, that's more reasonable. Taxless accounts are simply amazing for these kinds of rebalancing.
I had at \~$140 I took out my initials and reallocated to SPYM and am going to let the rest ride. There is nothing wrong with taking profits.
They have portfolio SPY options like SPYM (also by State Street) which are cheaper than SPY but also track it with low fees
50% SPYM 50% QQQM i dont think 99.9% of traders can outperform that over 40 year period just open up a ROTH and put 15% after tax into that every paycheck if you have 401k with matching you can usually find stuff close to those too
Just pick one of the three S&P funds you have. Personally I like SPYM.
1. Zoom Out. Look at how everything has performed for the last year. You have to be able to handle red days with investing. 2. Your portfolio is a lot of gambling. It's your money, if you want to definitely get returns, put it in VOO/SPYM (lower cost than SPY). Most of your positions are already in those funds.
I actually like the more aggressive ETFs to me help get me there faster, like SPMO, FMTM, SMH, DRAM, you got VGT, QQQM, SOXX, the list goes on but these should cover you pretty well. I just carry the first four. If you want to smooth things out like volatility is too high you can always cushion it with some basic SPYM.
Stocks: SMH VGT SPYM Options: Choose one(s) with upside potential and purchase months/ years out. If it was me, I’d put in VGT and be patient.
Well, then, SPYM (formerly SPLG) is the way to go for even lower expense ratio. Or in a non-taxable account, get something like Fidelity’s FNILX for 0 expense ratio (not exactly the same thing, but essentially). Also, if this is a taxable account such as brokerage, no point selling SPY to switch. Just don’t buy any additional SPY.
I try to get my longterm portfolio to at least a 5-7% yield. Most of that money goes into SPYM, a portion into SPYI, and a portion into beat down stocks. I wouldn’t say I’m chasing it but it takes a lot of drag off of my salary contributions to stocks and I can keep a bit more cash from my job. So I wouldn’t say I chase them, I like to buy them when they are beat down.
If you still are contributing to it, why not just buy some VOO or SPYM with new deposits? If not, maybe sell some of the ones you have big gains in and put that cash into some ETFs. You can basically play with “house money” if you are up 300% and you sell 1/2-2/3 of the portfolio
Funny enough I just converted $7500 for my backdoor roth. I’m just going to buy SPYM like I do every year
Why go VOO when you've got SPYM? Even lower ER!
Nice! Lesson learned, as they say, the only regret you'll have is that you didn't buy more. Don't forget to always diversify, buy ETFs, so you get a basket of stocks not just one. That way if one takes a dive, you're ok. You want a steady line going up, not that choppy stuff we call volatility. I buy SPMO, some SPYM, SMH, and DRAM. Ratio is 50%-25%-20%-5% in that order. Works like a charm 😉
Since it's in your 401k, move them over to SPYM most asaply (lowest expense ratio SP500 ETF).
Sideload that into money market and keep trading with 5k SPYM/QQQM during correction.
I started to use SPYM cause it’s cheaper. Gonna have to try this with qqq/spy
Just view it as different S&P 500 brands for the same type of product. Example analogy: Stable mid size cars have multiple good brands that do the same thing. Honda Accord, Toyota Camery, and Nissan Ultima. The S&P 500 is an Index. The different brand S&P 500 Index mutual funds and ETFs track that index in their slightly different way. Some have higher expense ratios, some have higher trade volume, and some have higher minimums to start. Results are nearly the same. For trade volume: SPY or VOO. Volume is great for option traders and the hyper rich. For lowest expense ratio: FXAIX, SWPPX, and SPYM. For lowest barrier to entry: Any ETF on a platform with fractional share investing, and index mutual funds with low minimums to start (FXAIX, SWPPX, and PREIX). Vanguard's VFIAX has a $3000 minimum to start. FXAIX and SWPPX have $1 minimum.
18 years old is way ahead of the game! Good on you to be investing this early. Since you're 18, go with SPYM which has a nearly 0% expense ratio and is only $80 a share. The share price doesn't matter much, but good to go lower price if your brokerage doesn't support fractional shares. Don't forget to pick up VXUS for international exposure!
I am not in VOO anymore I sold at its height and I would choose SPYM(formerly SPLG) as VOO’s dupe because of its price and shares, but the dividend is low. I avoid tech. All my other ETFs are SCHD, SCHA, VBR, VXUS, NNN, ENBRIDGE, SCHF, SCHY etc which all of them are decent dividends but they are mostly all VALUE funds.
VOO focuses on top 500 US companies, VTI is the whole stock market. If I had to choose one, I would just go to VOO ( SPYM is my preferred version just because the expense ratio is a little less ) . But they literally hold the same exact companies.
I want to have be a millionaire by 40. I just turned 23 years old. I went to trade school and was lucky enough to land a very well paying job that most people retire from once they get in. My base salary is $94k a year without any overtime. I’m aloud to work 8 hours of overtime on Saturdays and occasional Sundays that’s are double time. Obviously I work as many as possible. So after OT, yearly I’m at like $115,000. Here is how I divide my money each time I get paid About $2500 each paycheck give or take $1,000 HYSA $290 Roth $300 individual stocks $50 student loan $185 bike payment $26 gym membership $200 rent $100 CC payment (I put 15% into my 401k 8% Roth 7% pretax) That adds up to about $2,151. The rest goes to groceries, gas and entertainment like going out to eat or other things. Where I stand HYSA- $18,500 Roth- $11,500 401k- $28,000 Mutual fund I’ve had since birth- $15,000 Personal investment- $1,000 (just started doing this) Debt $6k student loan $19k bike payment My main goal is to buy a house in the next 5 years. A house is between $350k- $800k in my area as of right now. My girl is going to be done nursing school in 3 years as of right now and can expect her to make around 60-80k when she graduates. I invest my money into things like VOO, QQQM, SPYM, SCHG, SOXQ. Right now I’m just throwing money into these investments and hoping. Is there anything I should try working towards first? Is my goal unrealistic? My parents were terrible with money which makes me not want to be like them.
when someone says “VOO and chill”, they mean to buy into the broad market and let it sit for a while. this of course is assuming they have decades to chill. also, VOO here is interchangeable with any broad market ETF. for some people it’s the S&P 500 (SPY, VOO, SPYM, IVV, SWPPX, among others). some people it’s the broad US market like VTI, some people it’s the broad world market like VT. the catchphrase is more investing advice than anything
I’m not following the first part of your comment. But I moved into: SPY (followed by SPYM=lower cost). QQQ followed by QQQM (same as above: lower cost) Moved in SMH this last year to take advantage of AI but from a different angle.
Trim your individual stocks and anchor your portfolio around a few broad ETFs like VOO or SPYM. You could still hold small satellite positions in a few conviction bets (e.g., Google, Nvidia) and/or speculative high risk/ high reward. But I would keep the speculative position under 5% of your total portfolio. At the end of the day, it’s hard to go wrong building around a low-cost ETF that tracks the S&P 500 and letting compounding do the heavy lifting.
SPYM and SCHD. Put half in each and don’t look at them every day. ETF’s are great because there is a rotation where bad companies are dropped and good companies are added.
Yea buying VOO over SPYM never made much sense to me. I mean it is a really small amount in difference, but a dollar is a dollar lol.
Tell her to correct someone probably told her SPLG which changed to SPYM and didn’t realize difference. She will get crushed over a year or 2 (not designed for long term exposure) but guessing you know that and just posting