From starting investing in 2013 to achieving a 6-figure portfolio by age 25, there were a few investment principles I picked up along the way.  Time can either be your best friend or you worst enemy, procrastination is the deciding factor for that one.  Also, KISS (Keep it simple stupid), you don’t need a sophisticated investment strategy to build long-term wealth, just time and discipline.  A wiseman once told me, “You can control two things, how much you spend, and how much you earn, but controlling your spending is a whole lot easier!”.   DM me on any platform listed at the bottom of the description or email me at wallstjunky@gmail.com for any questions or topic requests    

The quick and dirty to starting to invest: 

-Track your expenses for a month 

-Notice how much is spent excessively on things like food, drinks, etc. 

-Cut expenses by say, $50 (eat out twice per month and Starbucks once a week instead of two) -Open either a traditional brokerage account or contribute additional capital to company 401k  

-Just to list a few brokerage companies: TD Ameritrade, Fidelity, ETrade, Vanguard, Charles Schwab, and many more 

-The investment industry has gotten insanely competitive, as a result, most brokerages charge no commissions for Stocks or ETFs -Set up automatic monthly contributions into your brokerage account so you don’t spend that $50 you saved in expenses! 

-Listen to the entire podcast and do your own due diligence on low-cost investment vehicles like ETFs, Index Funds, or even some Mutual Funds 

-Invest at all times (up markets, down markets, sideways markets), enjoy the ride!  Don’t try to time the market!

ETFs discussed in this podcast: 

VUG - Vanguard's Large Cap Growth fund that focuses on passively investing in large-capitalization growth stocks.

VTI - Vanguard's Total US Stock Market fund that attempts to replicate the total return of the US Stock Market

VOO - Vanguard's fund that tracks the S&P 500



Favorite economists to follow: Mohamed A. El Erian & Peter Schiff  

Try TD Ameritrade’s free platform, ThinkOrSwim, that allows you to open a paper account and simulate trading and test your strategy: https://www.thinkorswim.com/home.page  

Technical programming background?  Try this Youtube series that merges Finance with Python: https://www.youtube.com/playlist?list=PLQVvvaa0QuDcOdF96TBtRtuQksErCEBYZ   



Some people have been asking, suggested reading and other resources:  

Intelligent Investor (Warren Buffet approved): https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ 

Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331/ The Science of Getting Rich: https://www.amazon.com/Science-Getting-Rich-Wallace-Wattles-ebook/dp/B01MRH3EZQ/ 

Investopedia (Online Investment Encyclopedia): https://www.investopedia.com/ 

Seeking Alpha (Articles and research covering all asset classes, crowd-sourced): https://seekingalpha.com/   



Instagram: https://www.instagram.com/wallstjunky/

LinkedIn: https://www.linkedin.com/in/wallstjunky/ 

Twitter: https://twitter.com/WallStJunky44/  

Business Email: wallstjunky@gmail.com    



DISCLAIMER: The podcasts on this channel are meant to educate, not to constitute advice. Joshua Lutkemuller is not registered to provide investment advice and as such does not provide recommendations on the channel or podcast - those looking for investment advice should seek out a registered professional. Joshua is not responsible for investment actions taken by viewers and his content should not be used as a basis for trades.

WallStJunky #1 - A Millennial's biggest portfolio asset, Time

Advice on consumer debt and the implicit costs associated with taking on debt as a young professional.  According to Credit Karama, in Q2 of 2020, the average car payment was $568, assuming a conservative rate of return on just the S&P 500, over the course of the loan, you could have a $50k portfolio!  If you were the hold that portfolio into retirement, you would be worth 7 figures after 35 years!  
Make sure to check out this financial calculator and experiment with different return and contribution assumptions: https://www.calculator.net/future-value-calculator.html
Money Market ETFs:
1)	SSHV (iShares Short Treasury Bond ETF) – Invests heavily on the short end of the yield curve, U.S Treasury bonds with maturities between 1 month & 1 year.  Expense ratio of .15%.
2)	NEAR (iShares Short Maturity Bond ETF) – Does not aim to track an index and is actively managed for a higher expected rate of return.  Higher expense ratio of .25%.
3)	BIL (SPDR Bloomberg Barclays 1-3 Month T-Bill ETF)
4)	GSY (Invesco Ultra Short Duration ETF)
Tax consequences of Money Market ETFs: https://www.schwab.com/resource-center/insights/content/how-is-etf-income-taxed

ARKK – ETF discussed later in the podcast which is focused on investing in mid-cap growth companies in the disruptive technology sector.  High expected returns but with an above average exposure to market risk.  The fund is very tax inefficient due to high turnover, so consider adding this fund in a more tax advantaged account.

Follow me on Instagram @ WallStJunky and Twitter @ wallstjunky44!
DM me on any platform listed at the bottom of the description or email me at wallstjunky@gmail.com for any questions or topic requests 

Make sure to check out the Podcast on Spotify, Google, and many others or at my host link @
https://anchor.fm/wallstjunky
https://linktr.ee/wallstjunky

Favorite economists to follow: Mohamed A. El Erian & Peter Schiff
Try TD Ameritrade’s free platform, ThinkOrSwim, that allows you to open a paper account and simulate trading and test your strategy: https://www.thinkorswim.com/home.page
Technical programming background?  Try this Youtube series that merges Finance with Python: https://www.youtube.com/playlist?list=PLQVvvaa0QuDcOdF96TBtRtuQksErCEBYZ

Some people have been asking, suggested reading and other resources: 
Intelligent Investor (Warren Buffet approved): https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/
Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331/
The Science of Getting Rich: https://www.amazon.com/Science-Getting-Rich-Wallace-Wattles-ebook/dp/B01MRH3EZQ/
Investopedia (Online Investment Encyclopedia): https://www.investopedia.com/
Seeking Alpha (Articles and research covering all asset classes, crowd-sourced):
https://seekingalpha.com/

VOO – Fund attempts to mimic the target index and invests in each stock with the same approximate weightings as the index
TOP 10 HOLDINGS
COMPANY	SYMBOL	TOTAL NET ASSETS
APPLE INC.
AAPL	6.37%
MICROSOFT CORP.
MSFT	5.40%
AMAZON.COM INC.
AMZN	4.49%
FACEBOOK INC. CL A
FB	2.22%
ALPHABET INC. CL A
GOOGL	1.76%
ALPHABET INC. CL C
GOOG	1.72%
BERKSHIRE HATHAWAY INC. CL B
BRK.B	1.49%
JOHNSON & JOHNSON
JNJ	1.27%
JPMORGAN CHASE & CO.
JPM	1.20%
VISA INC. CL A
V	1.17%


DM me on any platform listed at the bottom of the description or email me at wallstjunky@gmail.com for any questions or topic requests!
DISCLAIMER: The videos on this channel are meant to educate, not to constitute advice. Joshua Lutkemuller is not registered to provide investment advice and as such does not provide recommendations on the channel or podcast - those looking for investment advice should seek out a registered professional. Joshua is not responsible for investment actions taken by viewers and his content should not be used as a basis for trades.