Not a whole lot to report, but I am just so glad that I have reached 8% in returns overall. I remember back when I only had a return of 0.55% earlier this year. Here are some lessons I’ve learned so far:
- Be patient with returns. Set it and forget it. I auto invest $10 every weekday to take advantage of dollar cost averaging and I just don’t even think about it. Now five months later, I have reached an overall of 8% in returns. Looking forward to seeing what the future holds.
- Passive income. If you want passive income, look for stocks that will PAY you just for holding in the form of dividend yields. Of course, do your research to validate that you will make your money back eventually. My favorite types of securities for dividend yields are Real Estate Investment Trusts (REITs) and Bonds.
- Diversify, then diversify again. When market gains are down, the market loss can be cushioned by REIT and BOND gains.
So investors, get out there and invest!!! Get your free $10 for investing w/ M1!!!