Think I’m addicted to trading. May throw it all into etfs instead. Recommendations?

like
Posting as :
works at
You are currently posting as works at

Enjoy the time off.. you’ll be back 😈

funnylikeuplifting

Good plan, especially if you haven’t lost money yet. Because if you are categorizing yourself as addicted, you are a guarantee to lose money over the long term.

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I’ve made a little but it’s not worth the stress. And actually I’m not I’ve even broken even because of wash rules. Tax time with be interesting.

likefunny

I plan to toss it all into VOO/VTI unless I’m missing something.

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Some VGT should be a consideration as well

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VOO and VTI are the classics. Put a core amount in there. Then pick one to three on themes you really like and put minimum 10% (any less and it’s impact will be fairly small on your portfolio. My favourites are ARKK, ARKG, SCHG and SKYY

For example
- 50% VOO/VTI
- 20% ARKK
- 10% ARKG, SCHG, SKYY

Then just look at it once a year once you hit long term cap rates and rebalance.

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EY2
“A Vanguard study actually showed that investing a lump sum outperforms dollar-cost averaging 64% of the time over six months and 92% of the time over 36-months”
https://www.forbes.com/sites/kristinmckenna/2020/06/16/is-dollar-cost-averaging-better-than-investing-a-lump-sum/

The market is at ATH 80% of the time. Yes it’s at ATH’s now but no one can predict the future. On the one camp, you have people saying we’re hitting the roaring 20’s and innovation and disruption will lead to huge gains in the years ahead. In the other camp you have people saying hyperinflation is coming and Fed will be forced to jack up interest rates causing a huge market tumble.

At the end of the day it comes down to emotions/risk and goals.

Whilst statistically you’re better putting it all in today, if you’re going to rock yourself to sleep crying at a 5-10% market correction that may only last 6-12 months then don’t do it. Likewise if you need the money in the next 2-3 years then don’t do it.

Have your investment thesis and put your money in and don’t change until either the thesis changes (Fed policy does NOT change long term thesis) or you need the money.

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Create separate accounts. Use one for trading and one for long term/boring investments

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God me too

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Honestly in the long term trading ends up underperforming the market by a lot (for the vast majority of people). Just dollar cost average into Voo, qqq, etc. over a couple months

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2021 is a HARD market

Throw some into PSLDX

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