@MJ DeMarco I noticed in this post something that I've never heard from you, which is that you said to use the stock market for growth in early formative years (of course with Fastlane profits)Excellent.
Now I can't recommend or advise you on what security or securities to buy. It's against the law.
First, determine your objective. I'm guessing growth.
If that is the case, the most feasible options are indexes, such as..
VOO
VTI
QQQ
IOO
VT
SPY
MID
Or if you want higher risk, AI ETFs, like AIQ, ARTY, SMH...
You can compare instrument performance here:
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QQQ vs. VOO — Stock Comparison Tool
Compare QQQ and VOO side by side, including charts, performance, statistics, financials, and more.stockanalysis.com
If you want to witness the "passive income" experience (and get some growth), buy a solid company that pays monthly, quarterly, or weekly dividends. Then hit "investment income" (on Schwab) and it will show you income you'll earn -- 100% passive, doing nothing. In AI speak, No tenants, no rent payments, no clogged toilets, no insurance, no banks, no flaky, scammy humans -- nothing but a money printer.
Here's what mine looks like, and it's only ONE of my paycheck pots -- I have 3 more and 2 businesses on top of it! $145,000 a year, doing ABSOLUTELY nothing. And get this, much of this is tax free because they are invested in municipal bonds.
This $145k routinely (roughly $12k/mo) pays my mortgage, all all my living expenses. 99.3% completely passive.
What kind of passions could you pursue if you were paid $145k/year, $12k/month to do absolutely nothing!?
This is why your income puts you on the fasttrack to changing your life in 5 - 10 years.
View attachment 75499
Warning: When getting started -- If you take the dividends as cash, you will limit growth -- these instruments are ROI rated under the premise that all dividends and income are reinvested.
To find dividend paying instruments, I posted a lot of my favorites here.
I was over on Telegram chatting with @ZackerySprague about assets that yield monthly and quarterly dividends.
I thought it would be cool to post some of my favorites that I've invested in over the years, including some of them I currently own as well.
If you're looking to get a taste of passive, money-system dynamics, you can buy any of these assets and have your brokerage account automatically deposit the income into your bank account.
Or if you really want to go old school, have them send you a monthly check. I was doing the monthly check for YEARS and just recently stopped...
- MJ DeMarco
- bonds dividend stocks etf investing money system paycheck pot
- Replies: 203
- Forum: Investing, Crypto, Personal Finance
Note: The paycheck pot (money system, passive income concept) is a later stage investment idea. In your early, formative earning years, the objective is to stockpile and grow the money system cash. However, witnessing it first hand (A monthly deposit coming into your bank) does wonders for motivation and future clairvoyance into what is possible. @ZackerySprague is doing that -- maybe he can attest to how it frames the work, and the motivation.
The whole point of the Fastlane is to get to this point ASAP -- in 3-10 years, not the Slowlane's 40-50.
### THIS IS NOT A RECOMMENDATION TO BUY ANY SECURITY, IT IS MY PERSONAL OPINION AND EXPERIENCE
What are your thoughts on timing the market versus time in the market if you are wanting to grow your Fastlane profits with ETFs, for example, would you say that it is better to wait for a bear market or just stop trying to time the market and invest, since the S&P has basically gone up for the past fifty years?
(I should also admit, you are the reason I’ve barely touched stocks before, so it was a bit surprising hearing you touch on this)
PS: Actually, not a bit surprising, VERY surprising. lol
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