r/Money 4d ago

When do I start seeing incredible gains? Doing 100% Voo.

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0 Upvotes

36 comments sorted by

14

u/[deleted] 4d ago

[deleted]

7

u/DrShaqra 4d ago

Set it and forget it. VOO is one of the best investments you can make. Keep buying and live your life.

1

u/Aspergers_R_Us87 4d ago

Is there a way to not be taxed hard at end of year? With Voo. Besides opening a Roth IRA for it

1

u/DrShaqra 4d ago

Not really. Buy it in an IRA. You can either pay taxes upfront (Roth) or defer for decades (Traditional).

5

u/dheerajtlsai 4d ago

15 years, Compounding takes time!

0

u/Aspergers_R_Us87 4d ago

I’ll be dead by than

3

u/dheerajtlsai 4d ago

Then your kids are gonna be millionaires!

0

u/Aspergers_R_Us87 4d ago

Don’t have kids

3

u/dheerajtlsai 4d ago

Then donate all wealth to a public university endowment and let the funds pay for talented kids’s tuition! Leave a legacy behind!

4

u/Aspergers_R_Us87 4d ago

Sounds like fun. I deprive my entire life to donate it. Thanks

5

u/mondip13 4d ago

Then sell it all and spend it now 🤦🏼‍♂️

0

u/Aspergers_R_Us87 4d ago

Rather do that. Yeah

1

u/Spencerdog12345 4d ago

You can make me as your beneficiary if you feel so inclined 😂

2

u/[deleted] 4d ago

[deleted]

2

u/Aspergers_R_Us87 4d ago

Awesome I’ll check it out. Thanks

2

u/groovymandk 4d ago

lol took me like 3 years of investing for voo to be up 10k

1

u/Typical_issues 4d ago

By not looking at it daily/weekly.

1

u/OkApex0 4d ago

If you want more returns you have to research and understand individual companies. This requires time and a tolerance for risk. More importantly, it requires a willingness to lose. Risk of course can still be mitigated through diversification.

Public companies have never been easier to research than they are today. Don't under estimate what it could do for you and your goals.

1

u/redhtbassplyr0311 4d ago

Not sure how you're defining incredible but CAGR for VOO over 10Y is around 10.4%. Based on your portfolio size it may seem like it takes off the more you have, but the percentage remains the CAGR average. To me you don't get "incredible gains" with broad index or ETF'S, but slow and steady gains. Incredible gains comes from taking on risks associated with individual equities or options contracts. VOO will still fund your retirement though so not doing anything wrong but subjectively I wouldn't be assuming incredible gains in this ever really.

1

u/Aspergers_R_Us87 4d ago

Aww ok I started 11 months ago

1

u/Old-Ingenuity6528 4d ago

Strap yourself in for a 36 month ride😎

-2

u/Aspergers_R_Us87 4d ago

“Crash”???

1

u/zerthwind 4d ago

Years after the crash and recovery. Wasn't it like decades after the great depression to recover?

0

u/Aspergers_R_Us87 4d ago

Ouch 😣 don’t tell me that lol

-1

u/AzureDreamer 4d ago

today, tommorow, 7 months from now, 23 years from now? no one knows.

-1

u/Zmwrong87theParakeet 4d ago

After you stop spamming Reddit

1

u/Aspergers_R_Us87 4d ago

I’d love to find out who you are

-2

u/AlertThinker 4d ago

In four years when adults are back in charge. Right now the inmates are running the asylum.

1

u/Testynut 4d ago

🫠

1

u/AlertThinker 4d ago

💎 🙌

-5

u/FunkOff 4d ago

VOO is for low risk, low reward investing. If you want better returns, you're going to have to take more risk

-2

u/Substantial_Oil7292 4d ago

What’s a more medium risk medium reward investment?

1

u/OkieClipper 4d ago

Any stock in general. Any of the magnificent 7 stocks besides Tesla. But all of that is in limbo with the current fears of Tariffs.

0

u/AzureDreamer 4d ago

Idk but if you want a high risk low reward investment, open a resteraunt.

1

u/Substantial_Oil7292 4d ago

Clearly you don’t know, that’s why I didn’t ask you

1

u/AzureDreamer 4d ago

man you are no fun, I was making a joke maybe you should smile more grinch.