just started investing on ETF's at age 31.
is it a good idea?
just started investing on ETF's at age 31.
is it a good idea?
Yes! Just keep consistent and ignore any market swings. This is a marathon.
*When I started investing, I was in the red for the first 6 months. It was nerve wracking and I definitely questioned it, but I stuck with my plan and you can see from my post below how well that's worked out so far.
Spreadsheet day! If you asked me how the market was this past month, I would've thought we were down. Instead I'm up >3% month over month. I also crossed into the 2 comma club in terms of net worth. This is why I track monthly.
Congrats on crossing $1M net worth. The first is the most satisfying and worthy of celebrateion, but you can't tell anyone in your real life. So from a stranger on the internet, well done and onward to the next.
I also track my net worth monthly in Excel with a Google Sheet for my portfolio due to the free ticker formula. My portfolio returned 2.4% last month, but i'm likely a bit more conservatively invested than you as I'm worried about current valuations.
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca