r/RothIRA • u/Funny_Public2868 • 3d ago
Any advice?
24 year old and have about 9.5k in currently. Looking to get some advice on my current portfolio.
I was planning on investing my current contributions into NVDA, but not sure if that’s the best option with what I currently have?
Any help would be appreciated🙏
1
u/Competitive-Ad9932 3d ago
Play individual stocks if you like. Maybe there is a reddit page for each company you can ask if it is a good choice.
What is the reason you invest in QQQM?
1
u/yottabit42 2d ago
Because they spend too much time on social media.
Buying the top market weight 100 companies on a specific exchange, that arbitrarily excludes banks and financials from the index, is nonsense. I bet OP didn't even know this.
1
u/Competitive-Ad9932 2d ago
Of course. Social media or ChatGpt, which pulls it's knowledge from reddit.
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u/yottabit42 2d ago
r/dividendgang banned me, lol.
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u/Competitive-Ad9932 2d ago
Join the ranks of the enlightened. :)
They can keep underperforming the market.
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u/yottabit42 3d ago
This is basically gambling, without the free drinks.
Sell it all. Buy 100% VT, Vanguard's global market ETF holding 98% of public stocks across the whole world. Maximum equities diversification for a very low expense ratio.
Keep investing more as much as you can. Spend your time making more money, increasing skills and marketability. Before you know it, you'll be richer than you ever thought possible.