I can't wait until I reach the point in life where I can just fully fund a year's worth of IRA in one transaction. Good job, Joseph!
2 years ago | 24
For anyone else: if you do have the cash available to invest in your Roth IRA but don't wish to immediately lump sum it into the market, you can simply leave it in your Roth in a money market fund earning >5%. In Vanguard for example, if you contribute to the settlement fund, it is automatically put in a money market fund (VMFXX). You can then buy into the market on whatever schedule you please. If you do this however, do not forget to invest it! Some people make the mistake of leaving their Roth IRA in cash and missing out on major stock market gains because they forgot to allocate it to an actual equity investment.
2 years ago | 1
Great idea to do this. I’m 23 and I’ve maxed mine out for the past four years so far. I wouldn’t have done it without the fantastic financing community on YouTube.
2 years ago (edited) | 3
I've been doing my Roth since 2018 I believe. Started going for dividends and have been changing it over to growth. Actually just sold about $10k worth of positions I bought at the Covid crash and am sitting on cash for now getting 4.5% until we see a correction or so. Then, all into SCHG or some of my other positions. The rest of my positions in the roth are Apple, Google, Amazon, Broadcom, Realty Income, Applied Materials, T Rowe Price, Texas Instruments, Starbucks, and Disney. But as I get more into investing, I like the simplicity of an ETF that will beat the market and sticking to dividends and stock picking in my regular brokerage account. Though SCHD looks good too for simplicity.
2 years ago | 1
Was gonna send you a Twitter message as well but I'd love to hear your thoughts on UNH. Top and bottom line growth, good free cash flow, solid balance sheet, low p/fcf multiple. Another thing to note is that their optum segment is a huge profit driver for them growing in the double digits with increasing margins. Seems like a "Joseph Carlson Stock" to me? Am I missing something? Thanks for making realistic and transparent content! The videos are always a post-work treat.
2 years ago | 6
First time hearing about SCHG, always only hear people talking about SCHD
2 years ago | 2
I’d watch a video from you on schg! I agree though it is a great choice
2 years ago | 2
Small cap value ETFs like VBR and DFSV are your best bet imo. Growth will probably underperform now that PE ratios have gotten so high
2 years ago | 3
Joseph Carlson
I don't plan on making a video about this. But I wanted to post it here for the sake of transparency.
2 years ago | [YT] | 508