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Posts & Investments - #struggleisreal

Sold iShares Core S&P 500 ETFInvested for 23 days
Invested in Amazon
Daniel whatley avatar
Daniel whatley
Sold EtherInvested for 118 days
Well yall. It's been real an it's been fun but truth of it is #STRUGGLEISREAL but I'm done with this place an being ripped off by this platform. I'm done. Yall can stay if yall like. But I'm out of this place

#RothIRA #retirementgoals How do you invest in your Roth IRA? Lump sum, monthly, or bi-weekly? 2022 is around the corner which means i’m focused on reevaluating 2021 and what I'm going to change going into next year. A Roth IRA is a tax-advantaged retirement account, which allows you to withdraw tax-free when you retire. As opposed to a brokerage account like public... where you can pull out money any time... but you pay a capital gains tax. If your goal for investing is retirement, this should be a no-brainer in your investment strategy. You are only allowed to contribute $6000/year... so if you are able to max out your account, I would highly recommend doing that before you invest in a brokerage account. (**If you are late to Roth IRAs don't worry... You have until your tax deadline (April 15th 2022) to contribute towards your 2021 contributions). There are a couple of different investment strategies within a Roth IRA (or traditional IRA): lump-sum investing: some people contribute all $6000 in January at the start of the year. You risk poorly timing the market but in the long term lump sum usually beats DCA. This also assumes you ain’t broke broke 😭 #struggleisreal monthly: invest $500/month (or however much you can afford). You might be averaging up over time but you have more upside than averaging up every week biweekly/weekly: you never have to worry about timing the market... you might decrease your overall return if a bull market continues and you have to average up, but we can never time the next downturn so buying weekly/biweekly ensures that if the market took a downturn you would get in on discounts. ---------- 2021 was my first year of investing. But since I opened my Roth IRA before my tax deadline... I invested a lump sum of $6000 to max my 2020 contribution. I divided it between index funds and some dividend stocks. I then invested $500/month this year to max out my 2021 contributions. Meanwhile, on public, I bought $50 of $VOO every Friday. My S&P fund in my RothIRA massively outperformed my DCA of $VOO here on public. this is because when you DCA you often average up so you don't earn the actual performance of the fund. not to mention... I joined public a couple of months after opening my retirement account... which also contributed to the lower return. ---------- So my question for today is... in 2022 are you doing a lump sum contribution? are you going to contribute monthly? Or bi-weekly as you get paid? ---------- *disclaimer: if you are in the position where you aren’t able to max out a Roth IRA, know that any contribution helps because you can’t go back in the time and contribute to previous years. progress is progress and that’s okay 🙌🏼

lump sum15.72%
bi-weekly or weekly23.95%
i don't have an IRA yet38.76%
547 votes Ended 01/05/22
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