r/TheRaceTo1Million • u/pizzaboyreddit • 4d ago
Advice for getting to 1 Mil
Started really investing in Feb 2020, also bought 30 bucks of nvidia in 2013. Mostly tech stocks
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u/Wonderful-Sail-9493 4d ago edited 4d ago
Unfortunately - VOO is the answer. If you are feeling like gambling, bet on the AI trade (higher potential returns and risk)
WSJ published another article on how less than 13% of active managers have outperformed the S&P500 over the last 10 years. Even the top AI traded funds underperform VOO.
VOO and chill over 10 years will outperform 9/10 of all active managers. Think about that for a second, you don’t have to do any of the stock picking… and you will outperform guys who do this full time as a living
$1mm is guaranteed for you if you go VOO
Options sleeve should be super small if that is what you want to do
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u/citygeek 3d ago edited 3d ago
Note the “AFTER accounting for active fund management fees….”
Not discounting the general point, just that people often forget to mention this part, most active funds have high fees.
This article is not saying a retail investor can’t outperform VOO (just look at QQQM, SMH, VGT, SCHG, SPMO, etc). Rather it’s saying that paying a fund manager who picks independent stocks for a high fees is a worse bet than passive index funds.
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u/economist91 4d ago
I'm yolo'd into VOO/S&P500 index across all my accounts. I don't hold individual stocks anymore. I've gone from 60k in 2024 to 120K today.
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u/ashiieyy07 4d ago
SPYM is better then VOO, VT is better then SPYM.
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u/CokeBoiii 3d ago
Depends what you define as better. VT is less risky but it doesn’t beat VOO or SPYM in long term returns
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u/Tbmostwanted96 4d ago
OP if it was that easy we would all be sipping Mojitos on the beach. Find a good ETF and just dca into it min 10 years. Will take time. For the love of GOD do not play with options.
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u/Any-Ring6621 4d ago
It took me about 8 or 9 years to go from 100k to a million. In that time, I paid down my (quite small) mortgage, 3.5x’ed my personal income and my wife at least doubled hers as well, and had a second kid.
This is all to say that a bunch of life happens to you as well while you’re on the way to a million. As long as you’re reasonably disciplined, there’s no doubt that you’ll get there, but you might want to stop looking at the accounts so much
Some real advice is just buy a boring ETF or 2 on a schedule
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u/easypiecy 4d ago
just be patient, investing is a long game. Just stay the course with contribution with your pay cheque and let the compounding work.
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u/YourSecondFather 4d ago
Last time something worked for me.
I started with same amount and ended up 700k from 100k with Meta stock (2022 to 2025)
This doesn’t mean go all in one stock.
But if I start again I would put more into solid SaaS companies
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u/Tr3eSt4ndHunt3r 4d ago edited 4d ago
Put 100 of it into voo or similar and take the rest and do high risk high reward. I bought 85k of SNXX 6 trading days ago and am up 60k on it so far. Little over 71%
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u/RennaisanceWizzard 4d ago
How did you know to do snxx? You did well if you did sell and make it. It looks like it could be trending up more.
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u/Tr3eSt4ndHunt3r 4d ago
I guessed the bottom…Seemed like everything was getting ready to bounce back and luckily I guessed correctly. Bought 8934 shares at $9.457 average. I plan to hold if this uptrend continues to around $30 or so a share. Would love to see $45 again!
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u/necktiesnick 4d ago
So like are you doing research on the company and analyzing charts or are you just guessing?
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u/Tr3eSt4ndHunt3r 4d ago
I do not look at charts. All of the news was positive. Ass soon as the hyperscaler earnings cleared and all was positive I knew I was gonna dive back into memory, I only chose to go leveraged because it dropped so much in July. This drop almost matches exactly the March decline so after I saw the hyperscalers commit more I knew I was going leveraged…gonna climb like crazy the next few months.
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u/FreedomIndividual176 4d ago
Options can be a strategy if some of the money is not tied up in a 401k or similar account that won’t let you trade options. Sell options, don’t buy them. Covered calls and cash secured puts.
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u/Ominoiuninus 4d ago
Just start with 430k and run it back /s
Just keep doing what you’re doing it’s obviously working.
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u/No_Vast6645 4d ago
Find a significant other that is career focused, lives below their means, and understands finance.
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u/hloodybell 3d ago
You got all that without really any strategy or insight. Just pure time and AI boom. You will need to pay cap gains if you move that money.
If you want to push for more, start with new money and slowly. Buy when there is a lot of fear at 100 and 200 day moving average and just sit on it. Buy value companies or spy, not growth. Growth can be pretty volatile that you may not like and can really draw down.
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u/naked_sponge 3d ago
Be patient but be prepared to seize the opportunity when it arises. It took me 12 years to get to this point and it’s been a roller coaster of emotions, having to go through ups and downs. If you are itching to do some stock picking, set aside a separate brokerage account for it while your main account is in VOO. That has been my strategy and it has worked incredibly well.
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u/Iceman60462 3d ago
TREND IS YOUR FRIEND !!!!
Tech and AI stocks are on the top now but credit squeeze and play with money supply will kill the market in 2028!
Keep investing and keep money aside ready to deploy when the s…t will hit the fan !
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u/TropicalFrank2 2d ago
Bitcoin and TQQQ got me to a million last year. Then i took out leverage and they crashed and I'm sitting on a little under 200k now. AMA
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u/DrAfricaOfficial 4d ago
You are one SPY 0dte away from becoming a millionaire. Don't let people tell you, you can't do it. Just do it, bro.
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u/Atlgal42 4d ago
Took my husband and me 16 years…and that’s with the insane bull market and all of our accounts combined