Teach Your Kid How to Invest before How to Spend

It is UTTERLY PHENOMENAL how easy it is the accumulate significant wealth, regardless of income. Just let compounding do the work. Take 20% of every paycheck and 50% of every bonus and other windfall and put it into the stock market. Then leave it alone.

I strongly suggest you take no less than 20% of your take home and divide it as follows:

·        39% QQQ

·        34% VTIAX

·        27% SPDR.

This allocation is based on a ranked decline from one year highs.  The greater the decline, the more you allocate.

I suggest you calculate the decline each pay period and allocate your investment on the basis of decline.  For example:

(As of 3/22), QQQ is down 29% from its one year high.  VTIAX is down 25%.  SPDR is down about 20%. The more an INDEX IS DOWN, THE MORE IT IS "ON SALE", SO BUY MORE.

Until you are qualified to pick individual stocks, you are best off with ETFs.