@Haeden Beck. Great videos. I'm an old retired sailor-your leadership potential is very high. Your grasp of details and maturity is way above average for your age. Your videos are very good. Your Investing knowledge=Wow-spot on (way more valuable than most people will ever know). Another great investing book is: Bogleheads Guide to Investing. TSP is the best-due to the C & S funds and extremely low cost. Low cost diversified investing is the way to go (cap weighted index funds). Max out using TSP and even more if you can afford it. Another valuable investing technique: save in a taxable account too (this will give you more options years from now). Time Value of Money is key while you are young. Bravo Zulu.
Agree: If it matters what happens today in the stock market, the investor shouldn't be in the stock market. Somewhat Disagree: You have debt at, let's say, 10% and you can expect 8% ROI. In this case, the drain out the bottom is faster than the income into the top so pay off the debt. If, however, you are very confident that you can earn 11% ROI, then keep the debt and roll that 1% back into your 11%-earning investment. Let the shrinking debt improve your credit score rather slowly - unless, of course, you are expecting to finance a big purchase in which case get that credit tier up fast.
@Haeden Beck. Great videos. I'm an old retired sailor-your leadership potential is very high. Your grasp of details and maturity is way above average for your age. Your videos are very good. Your Investing knowledge=Wow-spot on (way more valuable than most people will ever know). Another great investing book is: Bogleheads Guide to Investing. TSP is the best-due to the C & S funds and extremely low cost. Low cost diversified investing is the way to go (cap weighted index funds). Max out using TSP and even more if you can afford it. Another valuable investing technique: save in a taxable account too (this will give you more options years from now). Time Value of Money is key while you are young. Bravo Zulu.
Hooyah, thanks!
Agree: If it matters what happens today in the stock market, the investor shouldn't be in the stock market.
Somewhat Disagree: You have debt at, let's say, 10% and you can expect 8% ROI. In this case, the drain out the bottom is faster than the income into the top so pay off the debt. If, however, you are very confident that you can earn 11% ROI, then keep the debt and roll that 1% back into your 11%-earning investment. Let the shrinking debt improve your credit score rather slowly - unless, of course, you are expecting to finance a big purchase in which case get that credit tier up fast.
So could I do index funds thru my bank account???
You have to set up an investments account with your bank, so when you log in it should be 3 accounts like checking savings and investments.
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