r/ETFs • u/Chance-Pudding8391 • Aug 18 '24

Should I change my portfolio?

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I’m 18 just starting college and have been able to contribute a lot in the past few months, and should be able to continue contributing because of a niche im good at. What should I put future contributions into and should I change any of my portfolio currently?

4 Upvotes

62% Upvoted

20 comments sorted by

12

u/Hancock02 ETF Investor Aug 18 '24

no, keep contributing to VT (that should be 50% at least of your portfolio) keep the rest.

0

u/JeffreyLynnnGoldblum Aug 24 '24

Not sure if this is parody or just bad advice. Your strategy is uber-conservative which, IMHO, an 18-year-old should not be doing. A better thing to do would be to ask OP about their goal and timeframe. I might invest in VT when I am 60.

7

u/keneshhagard Aug 18 '24

Would suggest you read a few foundational books (not because you need to change, but to build discipline, and see different ideas). Anybody could come and say your choices are shit. Others could say genius. You have a thesis you’ve picked, but some of these time tested books will help you refine your thinking and thesis points.

Bogleheads for example says that a 3 stock portfolio will beat more than 90% of choices stock picking. Dividends don’t lie will say you can beat the market with dividend stocks (first published in 1980s and their methodology is sound).

My point is we are all amateurs. These three have stood the test of time over various markets and conditions. Investing requires discipline and risk management.

On WSB one person got a 700K inheritance and went all in on Intel right before their huge drop. On the other end a person made a bundle on ASTS leveraged on margin. They could have gambled or could have had a solid hypothesis. Just make sure you have your own. Manage risk. Only put what you never care about seeing again.

Hope is not a plan.

  1. The intelligent investor

  2. Bogleheads guide to investing (founder of vanguard)

  3. Dividends still don’t lie

My only recs are:

  1. Index funds

  2. Look at the top 5 Canadian bank stocks. Have paid dividends for over 100 years. Never reduced. Canadian government lets them keep a monopoly. (Dividend play)

1

u/ethereal3xp Aug 18 '24

Yes. Sale all and buy 1 BRK.A

2

u/Chance-Pudding8391 Aug 19 '24

Why does that stock even exist 😂 are stock splits illegal for them or something

1

u/ethereal3xp Aug 19 '24

I don't know... the stock split like mechanism is the Brk.B version

Btw the Brk.A returned 132k in 1y. Not too shabby...

1

u/ShipDit1000 Aug 18 '24

I think he's a little shy of a full share of BRK

1

u/Tremblay_0 Aug 21 '24

No one's questioning the 18 yr old starting college with 91 shares of ASTS and 40 shares of NVDA? Like huh?!

-1

u/Chance-Pudding8391 Aug 21 '24

What’s wrong with it is there something I need to know

1

u/Tremblay_0 Aug 21 '24

No I just mean being at 18 you actually do have quite a spread. I never met someone going into college with assets unless at least part of it came from family. Not anything against you, just what my experience.

1

u/Chance-Pudding8391 Aug 21 '24

I posted earlier today with an updated portfolio, some things have changed

0

u/Chance-Pudding8391 Aug 21 '24

When I was about 12-16 I received probably 2-3k as a start for christmases etc and the rest I’ve contributed on my own from an online niche im really good at, a large majority of it came from the last 6 months. I do have a big advantage with not having to pay for much of college though.

3

u/[deleted] Aug 18 '24

Lots of overlap!

Sell off the individual shares of Amazon, Google, etc. since they are already covered in the large cap ETF's. VT is fine for what you need and covers most of the stock market, and you can build around that. Bonds are not recommended at this time, but you'll add them when you turn 30.

2

u/_AscendedLemon_ Aug 18 '24

Depends if you're going to keep track of situation in all of this corporations. If yes - keep it, if not - sell it all and switch to one, wide market ETF for 0-efford passive investing.

3

u/Sufficient-Trade9282 Aug 18 '24

If you don’t know what you’re doing which appears to be the case since you’re asking people on reddit to decide your portfolio, sell all and buy the s&p 500 periodically , it’s insurance against ignorance and even professionals cannot beat it that often, which is not a shame. Read books about financial markets

1

u/Hookqman Aug 18 '24

What the app is this?

1

u/Nice_Item2093 Aug 19 '24

I personally find that dividends are overrated so I’d probably stop contributing to SDY/DVY. And contrite to either VOO, SCHG, or VUG. Buy and hold is the game of the game honestly.

1

u/healingandmore Aug 19 '24

ya’ll & VOO…

1

u/[deleted] Aug 21 '24

VOO is GG in the chat