Simple Wealth Building

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(as of Jan 17, 2025 14:36:48 UTC – Details)

Building Wealth with a 3-Fund Portfolio: VOO, SCHD, and QQQM:

Introduction:

The book emphasizes simplicity in investing, offering a straightforward method to build wealth using a 3-fund portfolio made up of VOO (Vanguard S&P 500 ETF), SCHD (Schwab U.S. Dividend Equity ETF), and QQQM (Invesco NASDAQ-100 ETF). This approach provides broad market exposure, reduces complexity, and leverages automatic investing for financial freedom.

Chapter 1: What is a 3-Fund Portfolio?

The 3-fund strategy focuses on diversification through low-cost ETFs that cover major sectors of the U.S. economy: VOO for large-cap stocks, SCHD for dividend-paying companies, and QQQM for high-growth tech firms.

Chapter 2: Understanding the Individual Funds:

Each ETF is explained in detail:

VOO provides broad exposure to 500 of the largest U.S. companies.SCHD focuses on dividend-producing companies with strong financials.QQQM covers tech-driven growth through the NASDAQ-100.Chapter 3: Comprehensive Market Coverage:

The three funds combined offer exposure to various sectors, balancing growth, value, and income to create a diversified, resilient portfolio.

Chapter 4: Power of Compounding:

Illustrates how compounding works, using regular, small investments over time to grow wealth exponentially.

Chapter 5: Auto-Investing:

Explains the benefits of auto-investing and dollar-cost averaging, which allow investors to consistently invest without emotion, lowering risk over time.

Chapter 6: Building a Million-Dollar Portfolio:

A step-by-step guide for beginners on setting up a brokerage account, allocating funds (e.g., 40% VOO, 30% SCHD, 30% QQQM), and using auto-investing to build a large portfolio.

Chapter 7: Staying the Course Through Volatility:

Stresses the importance of maintaining a long-term perspective, avoiding emotional decisions, and staying invested through market ups and downs.

Conclusion:

The book concludes by reinforcing the idea that financial freedom is achievable through a simple, disciplined, and automated investing strategy.

ASIN ‏ : ‎ B0DJMGFPW8
Publication date ‏ : ‎ October 25, 2024
Language ‏ : ‎ English
File size ‏ : ‎ 828 KB
Simultaneous device usage ‏ : ‎ Unlimited
Text-to-Speech ‏ : ‎ Enabled
Screen Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Enabled
Print length ‏ : ‎ 7 pages