I started investing 15 years ago. At the time I didn't know anything about investing, but now I'm 35 years old and retired.
Here's 10 graphics about investing so you can achieve financial freedom:
Here's 10 graphics about investing so you can achieve financial freedom:
The three most popular retirement accounts in the U.S. are a 401(K), a traditional IRA and a Roth IRA:
A Roth IRA is a powerful tool for any investor to build wealth. Using the new 2023 contribution limit of $6,500, hereβs what can happen if you max out your IRA every year:
Ok, you know what type of accounts to use but what should you invest in? The six most common investments:
For 99% of investors, index funds are the best investment choice. Here is a cheat sheet to get you started:
The most popular index funds or ETFs are ones that track the S&P 500, including $VOO, $SPY, and $IVV. There are 11 sectors that make up the S&P 500:
Index funds have built in diversification and track market performance, thatβs what makes them great. Here's exactly how an index fund works:
While we highly recommend building a foundation around index funds, you can also invest in individual stocks. There's six major types of stocks:
Let's focus on the companies that pay dividends to its shareholders. There are four types of dividend stocks:
*Note - we recommend reinvesting dividends to turbo charge the effect of compound interest
*Note - we recommend reinvesting dividends to turbo charge the effect of compound interest
Dividend kings are companies that have increased their dividends for 50+ consecutive years. Here are 12 of the kings:
This is the most important graphic of all.
Controlling your emotions when investing is crucial. No matter how bad things may seem, the market has always risen in the long run. When in doubt zoom out:
Controlling your emotions when investing is crucial. No matter how bad things may seem, the market has always risen in the long run. When in doubt zoom out:
Thanks for reading! I hope this thread helps you on your path to financial freedom.
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