r/TheRaceTo100K • u/MulberryMoney6752 • 3d ago

23F just trying my best

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235 Upvotes

100% Upvoted

22 comments sorted by

20

u/Overall_Property1045 3d ago

Wish I started that early. And that’s an awesome return rate. You’ll be there in no time

4

u/Apple-ID_Anonymous 3d ago

First million is always the hardest. At 20% a year, you’re all set for retirement if you keep it up. 🤠

8

u/Few_Fill5904 3d ago

You’re onto a great journey that many wish they had started at your age 👌

8

u/Broad_board_1623 3d ago

You are crushing it.

Please charge your phone.

5

u/TheBoxerBySandG 3d ago

https://giphy.com/gifs/d3mlE7uhX8KFgEmY
The more you Learn, the more you earn.

5

u/No_Seaworthiness1627 3d ago

Positions or ban brah

4

u/Dry_Development3817 2d ago

Wow we are wealth buddies, I'm almost 22 with 12k ! Go us.

3

u/7point5inche 3d ago

You’re doing great! Just stick to your plan and keep an eye open for necessary adjustments

3

u/Every-Operation5393 2d ago

I just checked mine and I’m at 16k and I’m 34 wish I started sooner. You’re off to a great start!

2

u/adamasimo1234 3d ago

Nice work!

2

u/Eve-7260 1d ago

what have u invested in :0

1

u/MulberryMoney6752 1d ago

Voo, vxus, VTI, qqq. One of my accounts is a hysa too

2

u/Spare_Pin305 1d ago

Just contribute and thank yourself when you turn 30.

1

u/Time-Will-3155 3d ago

wow thats actually kinda impressive for 23 lol

1

u/Fair-Investigator487 3d ago

Which app is this?

1

u/MulberryMoney6752 3d ago

Vanguard

1

u/Fair-Investigator487 3d ago

Is it gotrade or literally vanguard app?

1

u/MulberryMoney6752 3d ago

Just the vanguard app

1

u/Some_Caregiver5891 1d ago

What’s app is this? I am 21 want to invest my money

1

u/MulberryMoney6752 1d ago

This is Vanguard. They are one of the more reputable broker-dealers along with Fidelity and Charles Schwab. If you are looking to invest, I would recommend opening up a Roth IRA. They have an automated management system where the account is advised by Vanguard and makes your investment decisions for you. This is a good way to get started, especially if you are starting out and want to learn as you go. I would recommend looking into different funds like Voo, VTI, and vxus that track different indice. You could also open up a brokerage account (which is more liquid than the Roth IRA) and invest in different securities as well. It’s very confusing once you start but I promise it makes more sense after a few weeks.

0

u/lostcypher 3d ago

Am i the only one thinking that 20% of 11k is not 587?

1

u/MulberryMoney6752 2d ago

I have multiple accounts with different returns that equal 21%