I think for an average 22 year old who hasn’t worked instead of going to school I have quite a jumpstart to my financial life, but it can’t continue forever. Here I will explain what I did to get such a sum invested and why this year I will have to shift back a few gears.
Three months have passed already, the first full quarter of 2018 is behind us. Time to review month #3!
In the middle of every month I will update my current stocks watchlist, and post a top 3. Below are my reasons for looking at these stocks, for current valuations and a list of 25 stocks please visit my ‘Watchlist’ page.
I will explain my top 3 watchlist stocks briefly based on sentiment, P/E ratio and ‘% off 52 week high’:
Compounding, or compound interest. You have heard of it, but what is it and what does it mean? Basicly it’s earning interest on your interest, it’s the basis of ‘making your money earn money for you’.
I think my portfolio is quite diversified already, never the less I keep day dreaming about my ideal portfolio everyday. I don’t think investing in only about 10 stocks would be smart, I agree that your first ideas are the best ones but a little more diversification would be solid in my eyes. This is why I came up with a plan: