Investing In 2024?
I get the question “What am I investing in 2024?” so often I figure it’s about time I just write up a post on it as it’s easier to just share this post vs retyping this out every time. Also by the way I am not a professional advisor everything I say is my opinion and works for me. You do what you want with your money.
Just a heads up this is an update to my Investing In 2020 post.
What The Hell Investment Vehicles Do I Use?
I try to keep all my investments in 2024 and savings simple. Because the simpler investing is the easier and more likely we will stick to it and keep doing it. My words of wisdom are to keep it Simple, Fun, and Profitable.
My words of wisdom are to keep it Simple, Fun, and Profitable.
Let’s get to that list of investment vehicles in 2024.
- 401K (TSP)
- Roth IRA
- Taxable Account (Main Two)
- Taxable Account (Ninja Skills One)
- Crypto
Yup, that is all I use so far and the only thing I might add is some REI.
I love using Personal Capital to track all my investments!
What’s Next?
Well, I have now retired early since the summer of 2023. I’m now focused on building a life of value vs building my wealth stash. However, my wealth just keeps growing because of the focus I put into it for a short 8 years.
But What Funds Do You Use?
I keep it simple and sweet with my investing in funds! Now please don’t fall asleep on me once I tell you what funds I use for my investments in 2024.
- 401K – S&P 500
- Roth IRA – VTSAX
- Taxable Account – VTSAX
- Taxable Account – BRK. B, APPL, FB
- Crypto – BTC & LTC
It’s that simple, no really it is!
There Is No Way That Works
See here is the thing people almost always chase returns. They want to get into the hottest stock or the latest hot investment. They are searching to get rich quickly. It’s a cultural issue we Americans have created with wanting things fast. We live in an age where we want everything instantly at our fingertips. So why should being wealthy be any different? Because it takes time to build a legacy. Warren Buffet did not become a billionaire overnight. We see these wealthy people and want to be where they are now. Yet we fail to realize we are seeing them at the end of the journey. We did not watch them throughout the journey…
We live in an age where we want everything instantly at our fingertips.
It’s like a race, there is the start line. We get nervous and are unsure about it. But then the whistle blows and your feet start to slowly move forward. Then there are times during the race when you get downright tired and want to quit. You remind yourself how far you have come so far and you are almost at the finish line. Eventually, you cross the finish line and you are proud of what you accomplished and now you enjoy what you just achieved.
Yet for some reason, we want to go from the start line to the finish line without having to run the race at all.
Fuck Instant Results
That’s right I said it! It’s time we enjoy the race so to speak. Trust me you will learn a lot about who you are and what you value in the journey to FI/FIRE. At this time I ask everyone to say FUCK INSTANT RESULTS.
It’s the journey that is important. Learning and growing in life is what it’s all about. Without growing and learning you won’t ever be able to become wealthy. Ever notice all lottery winners become broke a few years after winning? This is because they did not learn and grow into wealth. So they spend every dime and dumb shit, to be frank. It’s the same with many sports players and even movie stars. A lot of these people file for bankruptcy and never really get ahead.
It Works And The Math Shows This
The market has averaged around 10% returns over the last 100 years. Think about that for a minute. What does that look like visually?
- $500 – $50
- $5,000 – $500
- $50,000 – $5,000
- $500,000 – $50,000
As you can see with time, and investing that 10% gives you a powerful tool. Now you can see why all you need is average returns & time. That is the secret to building wealth. I get it it’s not cool, sounds boring, flashy, or whatever else everyone thinks. The reality is I’m proof that you can build incredible wealth with index funds. I’m now past the half-million mark! I’m now getting close to the million-dollar mark. However, I would say I’m about 3-4 years away as I am not focused on building my wealth anymore. I’m retired so I’m focused on living life.
I get it it’s not cool, sounds boring, flashy, or whatever else everyone thinks.
Yet truth be told with this Simple, Fun, and Profitable approach you will beat 90%-99% of investors out there who trade stocks, buy crypto, and other gambling approaches like margins and options.
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