Introduction to My Investment Journey
I started investing a year ago, and I know how overwhelming it can be at the beginning. Every resource out there seems to be tailored for experts, which can make it hard for beginners to find relatable content. That’s why I’m excited to share my favorite ‘set it and forget it’ ETFs that have worked for me. I hope this can help you validate your own data and resources.
Why ‘Set It and Forget It’ Works
I’m a huge fan of ‘set it and forget it’ investments. This strategy is perfect for those who are looking to invest at a low cost and don’t want to worry about individual stocks or market timing. By making monthly contributions and leveraging compound interest, you can watch your portfolio grow over 10, 15, or even 20 years.
My Favorite ETFs
Now, let’s dive into the ETFs that I have in my portfolio. After a year of investing, these are my top picks:
VOO (Vanguard S&P 500 ETF) or VTI (Vanguard Total Stock Market ETF): Both of these are excellent choices. VOO follows the S&P 500, tracking the performance of the 500 largest companies in the U.S., while VTI covers the entire U.S. stock market. Choose one and stick to it for a diversified approach.
QQQM: INVESCO NASDAQ 100 ETF
These ETFs offer low-cost exposure to the market, and you won’t have to pay high fees to financial institutions. Just set up your monthly contributions and let time do the rest.
Final Thoughts
Investing can be daunting, but with the right strategy, it doesn’t have to be. My ‘set it and forget it’ ETFs have made the process simple and stress-free. If you’re a new investor looking for low-cost, long-term options, these ETFs might just be the perfect fit for you. Happy investing!
PS:The broker that i use is Charles Swap. And another that i know from friends that works well to is interactive brokers
