Is it worth investing when you are 42? I didn't know shit until late in the game and then I had no money. Now I do. Is it too late? If not what should I focus on?
>>62129508are you bullish on equities? if so buy them.
>>62129508invest in kneepads, you're going to need themman John Kavanaugh has really fallen off since the McGregor days
>>62129512I was looking into some vanguard funds for that. They seem pretty stable.
>>62129517sounds great, go for it. go as broad and low cost as possible, vanguard also has specialized ones, but maybe keep those to a minimum, having a single broad etf is enough
>>62129508ima let you in on a secret. a lot of anons are within 5 years of your age and have been "investing" for decades are net negative. This actually means that even if you're late to the game, you're ironically still ahead of so many people. For example I vaporized all of my roth ira contributions trying to speculate and trade in 2025 & 2026. People reading my message are prob blushing right now because they fumbled in the exact same way im describing. If it wasn't for my pivot to pokemon cards and physical silver during covid I'd be ruined. the key lesson here is that I properly invested in things that I actually researched and felt confident in.
>>62129508Its over nigga, pack it up.
>>6212950842? You've got TWO feet in the grave. You should be looking into making a will and getting your affairs in order, you have at most months.
you cant really go wrong buying dividend growers when theres a correction and holding forever
>>62129508Having your money in any asset other than worthless dollars is good no matter when you do it.
>>62129508I started at 25 and still dont have 6 figures. So, maybe?
I'm 42 and never even kissed a girl
>>62129643aye, dozens of months at best, you could even call it years
>>62129508It is over. Accept you will be like the 99%.
>>62129508I started in 2022 at 31 and I’m almost 35 and NW is 120k. It works. I’m a bit of a stock picker and that’s been going decently but you can just VTI and chill
>>62129508yeah easily worth ityou can make up for a shitload of time if you happen upon a timely tradelike when meta dipped below ipo a couple years ago. imagine being a bitch nigger and passing that up. there will be more like that. add basic stuff while you wait for those. you can make up the time easily.
>>62130045Somewhat similar. Started active investing with $80k 4 years ago, now $250k. I just manage my own dream "ETF" of 40-50 stocks with decent PEs and rev/net income going up and to the right. When something has had a big run up I sell it, and it's often too early. But it's been good. Every month I put another $800-1500 into the account and it's been a fun hobby trying to maximize number by finding ways to save. I've sold a bunch of misc household junk also for more cash.
>>62130146Also I think the best tip for active investing is to follow really smart people with smaller accounts on X. Cluseau is probably my favoriteBut you can also get far with just some standard index funds and finding ways to keep putting more money in consistently
>>62129551>"investing" for decades and are net negativecrypto isn't an investment though and never was, no matter how hard it was shilled.
>>62129777Checked and based, girls are for faggots, no one likes girls except for sex
>>62129508>I didn't know shit until late in the gameso youre a sheep that follows everyone else? no, you dont have the personality for it.
>>62129508I'd give you advice, but in reality the entire system is rigged so the advice really doesn't mean shit.
if doesn't matter if you're 20, 40, or 60. do you want to be working in 30 years? if not you better start saving money. age + 10% to retire before you die. either lock in or get ready to glad hand land whales at walmart when you're 90 eating onions green kibble off "social security"
>>62129508I was in my early 20s when someone said, save for your retirement. I put into my 401k foolishly allocating 100% into my company. The year I started was '08 my company stocks were as low as $14 at the time. That foolish investment is now $300k. I guess my point is being a noob and investing late and sitting as long as you could is better than not investing at all. If you don't have much money to okay with just look at cheap, low expense ratio ETFs like SCHG and SCHD to get started. It's going to go up and down but the trajectory when you look over the years will always be up. I side with Warren Buffet, don't be greedy try to day trade, just have confidence in the market over time and it will grow. You still have 25 years before you should retire, you can save up a good quarter to half a million with minimal effort. Just put money in every month.
>>62130273no one will be working in 30 years, AI will have automated everything by then so you may as well spend it all now while money actually means something
I'm also 42. I started investing in high school, though didn't really get interested in it until college. I bought something like 17 shares of AAPL stock when I was a junior in college. since I bought it there was a 2:1, 7:1, and 4:1 stock split, plus reinvested dividends, so I have about 1100 shares now, about 297k. I forget what my initial investment was, but it was very little, I think maybe a few hundred dollars. since then I found out about index funds in my late 20s. had a kind of dead end part time job that didn't have any kind of retirement plan, so I opened my own roth IRA account which I started contributing to the max each year, which is now around 180k. also started diversifying the regular taxable account where the AAPL stock is by investing in VTI. now have about 440k of VTI in that account. eventually got promoted and got a 401k from work. it's through Fidelity, so I'm totally in whatever their equivalent of an S&P 500 index fund is for about 450k. basically I started invested a little over 20 years ago. I've never had a very high paying job and have never been a huge spender. it's definitely worth investing now if you want to have a more comfortable life in 20 years. in general you want to invest as much as possible as early as possible. the market is currently very high, so it might make you feel queasy going all in. you could just dollar cost average whatever you have saved in over the course of a year or whatever. I think the biggest thing is to just keep adding more to whatever you are invested in with each paycheck. if possible just set up an automated transfer and buy, so it doesn't have to be a weekly or biweekly decision.
