/biz/ - Business & Finance

Put your money into SPY and/or QQQ. SPY is "the market." QQQ will have higher volatility but potentially higher long term CAGR. That's literally all you need to do. Get all of your employer matching with your Roth 401k (normally they match 50% up to 10%), and then max out your Roth IRA. Then you add to your individual account, int that order. You're most likely not going to generate any alpha long term by hand picking stocks without years of experience. Something like 50% of hedge funds managers don't outperform SP 500 in a given year, and 90% don't outperform over a 10 year period. The best bet is DCA'ing into major indexes, especially with tax advantaged accounts. Paper trade on the side and research new strategies during this time. And look into the tax implications if you were to buy and sell stocks (short term and long term capital gains taxes). There are certain options strategies like index LEAPS and long synthetic futures to gain specific leverage amounts, but don't even worry about that yet.