Hi Everyone! To be transparent, I will share Monthly updates of my “Funds For Fun” portfolio account that I hold on M1 Finance. I treat this account as a super high total return saving’s account. I use an M1 finance account (Sign up today and get $10 for free!) because it is easy. I set up a draft rule that pulls in the amount of money that I want it too, what day, and the frequency. I will use this fund to help pay a down payment on a car or house, and any other future expenses. Instead of getting a 1-2% yield/return, I hope to get an 8-12% return.
You can check out this Googlesheets link to see which companies I invest in, which ETFs my finance invests in, my Roth 401 allocation, and my “Funds for Fun” portfolio that I am using to pay for future expenses. You can also check this website called Track Your Dividends (I am not a sponsor, but use and enjoy their product) to freely track the dividends of companies you invest in. You can create multiple portfolios, and see the future value, diversification, and next upcoming payment of your portfolio. This is the main website I use to track my annual income and the future value of my portfolio. Sign up for free and effort start to track your portfolio. This link will send you to my fiancée and I’s holdings, 401k, and Funds For Fun account to see what we invest in and dividend income.
In each update I will go over my current mindset, any buys or sells, reasons for why I bought or sold certain stocks, the future mindset of the stock market, and visual graphics of my Funds For Fun holdings.
Weekly buys into my portfolio! Check out the link to see my allocation!
No sells!
Each week I deposit $100 into my growth account rain or shine on Tuesday. Whether the market is up 2% or down -2%, M1 Finances automatically fixes the allocations in my portfolio so that I don’t have to.
No sells!
The upcoming year in the market will be interesting, that is for sure. The job market is full, the employment rate is low, we still have higher-than-expected inflation, consumer spending is steady, and every damn financial media will bite on whatever gets them views. Just like the word AI, anything that gets a view. Oh, also, we have the debt ceiling that congress will need to deal with in the fall. Could we default on our debt? Likely. It happen in 2011, and our congress is not on the best of terms.
Regardless, I still welcome volatility. I believe in what I invest in. No news article or website telling me the target price or whether I should/sell will alternate how I invest. The best way to be successful in the stock market is to pick wonderful stocks/companies and ETFs and continuously invest in them. No matter the market conditions.
"Those times when you stay up late and you work hard; those times when don’t feel like working — you’re too tired, you don’t want to push yourself — but you do it anyway. That is actually the dream. That’s the dream. It’s not the destination, it’s the journey. And if you guys can understand that, what you’ll see happen is that you won’t accomplish your dreams, and your dreams won’t come true, something greater will." - Kobe Bryant