In the investment/ crypto world, passive investing has become more and more popular in the last couple years. As the markets are reaching an all-time high consistently, due to the Corona Virus and the economical downfalls due to it more investors feel comfortable investing by themselves without the assistance of financial advisors. At the same time, we constantly see new offerings and products, and services aimed at lowering the price of investing.
More and more people are looking at to the financials and figuring out that they can grow their wealth on their own especially because of all the financial YouTube influencers due to the coronavirus and many stimulus bill YouTube posts… They also talk about brokerage accounts apps like Robin Hood… (RIP) And Webull and Fidelity to name a few.
Those these abs are allowing the regular working class to invest in stocks in Crypto and any other investment vehicle that they offer this allows people to grow their wealth on their own consciously mindful other expenses I believe in 2020 people realized you can make money if you think outside the box now you might think this is very common knowledge to everybody and if you don’t know that you should be thinking outside the box you are stupid it’s kind of hard only because you’re in the same repetitive unknowledgeable dilemma of your life of bills and bullshit.
So I wanted to go ahead and jump in to VTI which is I guess one of the best index stocks out there and incorporates the top 500 companies I believe American companies only don’t quote me on that but yes I have bought two of them and I will continue to purchase when I can and I will continue to show and share with you when and if I do get any dividends which is what we want passive income my money working for me living off the dividends.
Much like on hive there are many dividend paying coins on Hive-engine we have Utopis for one which is my project.
As I mentioned I am going to start jumping into some stocks I don’t really know much about it but I have been reading a lot about the TI and any other various Dividend paying stocks there are.
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Well it's just a basket of stocks. If the market goes up, it also goes up. This ETFs tend to be ones where people just dollar cost average into because you don't want to pick individual stocks.
It also has a small position in GME which I am avoiding right now. Any swings might start tipping it in critical price ranges.
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Yea I just want to see what the fuss is about this stock, not going to go heavy i got crypto for that.
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small stock like GME is pretty irrelevant to an index fund like VTI
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I think GME was suppose to be 0.02% of the portfolio so yes it won't impact much. But with all the hype, I would prefer not to touch it at all. It's possible a drop in GME can affect some of the other indexes and if VTI happens to be on support, it might just fall on through (although unlikely).
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0.02% Gamestop goes to zero dollars. Would mean they are down 0.02%
I love tech stocks that pays a small dividend like Microsoft or Apple. While you get some dividend, these companies has a lot of room for growing.
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