The FOMO when starting to invest

Like a lot of 20-somethings, you might be having some FOMO because your friends are already trading on apps like Robinhood, Acorns, or E*Trade.

A plethora of trading apps has made it even easier than ever to begin investing without a lot of money. Over two million people have utilized Robinhood to purchase individual stocks like Apple (AAPL), without having to cover a trading commission.

But should you want to be smart about investing your funds, almost any Certified Financial Planner will tell you to steer clear of purchasing individual stocks.

An ETF (exchange-traded fund) can provide you a bit more exposure to the wider market, but that’s still not like a balanced portfolio with an assortment of bonds and stocks.

Many 23-year-olds are not swimming in extra cash, and there might be much better things to do with you money before investing in the stock exchange.

That is your lifeline if you shed (or stop) your occupation or an unanticipated health scare attracts on a ton of medical bills. You want to have this money on hand for when you want it and not need to worry about losing a few when the market drops.

If you really feel the need to start using your own money, Virtual Portfolios are a good way to feel like you’re allocating your money without incurring the financial risk.

Second, get a handle on your monthly expenses, including any student loan bills. Pay off high credit card debt before even considering investing.

Third, determine what your goals are. Ask yourself: What are you currently saving this money? This can allow you to figure out whether to invest your money, how much to invest, and everything to put money into.

Perhaps you’re saving for a wedding, an engagement ring, even beginning your own business, or buying a home. If the objective is coming up at another four decades, do not put that cash in the stock market.

Keep it in a savings account or CD. Online savings accounts generally offer a higher return than big banks, which offer an average .06% APR.. CDs tend to pay greater interest, but your cash is locked in for a certain period of time.

I would not even get a brokerage account in that age (23) unless it’s for a longer-term goal you’ll strike ahead of retirement,” explained McFadden, founder of Panoramic Financial Advice.

Start with a 401(k) if your employer offers one. Here, you are confined to the investment options provided by the provider. There are often some low-cost bond and index funds. Do not be scared to create an aggressive portfolio in your 20s so that 80 percent is in stocks. You might be given a target date fund which automatically sets your investments based on your age and changes them over time.

A Roth IRA is also a good spot to save for retirement because it has tax benefits you do not get using a broker account. Access into the investment earnings in your Roth IRA is somewhat restricted, but you always have the option to withdraw the money you contributed with no tax consequences or penalty.

When you decide it’s the right time for you to start a brokerage account, experts do not recommend going it alone.

You may not have enough cash to work with a few financial planners. However, you can find many others who will meet you for a flat fee. Utilize the Financial Planning Association or the XY Planning Network — which focuses on helping younger investors to look for a fee-only advisor locally.

You can also produce a portfolio with the support of a robo-advisor for a small charge. Ordinarily, you fill out a brief questionnaire about your age and income and are provided with an appropriate portfolio.

Betterment is a favorite of several financial planners because you can begin with as little money as you need and it costs a low annual fee of 0.25%.

How to Build Yourself an Awesome Home Gym

Do you dream about having your own home gym but don’t think you’ve got room–in your home or your bank accounts? Think again! Here, your step-by-step guide to building the ideal home gym for any space on any budget.

Step 1: Locate a space in your house that you can dedicate to your own workouts.
First, you need to choose where you want to set up your home gym. The spare bedroom, office, or possibly a backyard or patio, are all fantastic spaces for exercise. And if you do not have a spare room, a tiny area in your home (such as the living room) that can double as your workout space will do.

Step 2: Give it good physical fitness feng shui.
To help enhance your energy level during your workouts, make your space as light and airy as possible. And while incorporating in windows could not be possible, you can add in additional light sources to your own room: mimic recessed lighting with tap lights or put in a few lamps that use soft white bulbs. Bringing in plants may also help boost oxygen levels inside the room. Bamboo, ferns, and spider plants top the list due to their indoor air purification powers.

Clear your workout area of clutter and distractions–try to remove all of gadgets, gizmos, papers, or other things which may call your attention away from your workout. If you’re an exercise DVD fan, you will want to be sure that you’ve set your TV or personal computer at a level that’s best for following along with the routine.

Here’s some clips of mine and @gabbs_12 #homeworkout #legworkout #homegym #garagegym

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Additionally; you might wish to think about including a mirror to your workout space. Mirrors are fantastic for meditating on the motion–the mirror lets you be your own teacher. Not only can mirrors be a helpful tool for opinions on your form during exercises, but they can also help open up a distance, which makes it appear larger than it actually is, which might help you feel less cramped in a smaller workout space.

Step 3: Stock your home gym.
You do not need a lot of gear or bulky machines to create your home gym a great place to exercise. In fact, a number of the best home workout equipment is actually quite small and affordable.

Barrett loves foam rollers because they are so flexible–you can use them to get ‘kneading’ muscles out, core strengthening, or as a brace for yoga poses. And you can skip buying a massive treadmill for cardio when you can easily store jump ropes away which are ideal for quick cardio, Barrett states. Also, there’s no need for a bunch of cable machines or weights for strength training, invest in one set of dumbbells which you can adjust in a set of resistance bands. Learn more about how to use resistance bands at home gym army.

While stability balls and BOSUs can be enjoyable for workouts, they can be tough to store. That’s why we love using equilibrium discs at home rather.

You don’t – and this is super important – have to buy everything all at once! There’s no reason you can’t start with a few key pieces and then slowly build up from there. (This applies to a lot of things in life!) Save even more money by putting some things on your wish list for forthcoming holidays or your birthday, shop at secondhand sports shops or garage sales, or switch out with buddies to rotate your gear for free.

Step 4: Organize your house gym.
Once you’ve got all of your gear, you’ll need to keep it in between workouts, especially if you’re using a shared space (including the living area). If possible, dedicate a couple shelves or bins to organizing all you need for your workouts. A corner shelf unit is perfect for an iPod dock, speakers, and a plant or two. A storage ottoman from Walmart or Target is great for storing away resistance bands, dumbbells, and other exercise gear.

Now that you’re all set up, make certain to put your home gym to good use! Invite a workout friend over to train with you, or ask your partner to sweat out it from your side. Just like a real gym, it will not do you any good if you do not frequently visit it.

The strangeness of an open currency like crypto

A candidate in the race for a South Texas state House seat has reportedly received $87,500 in campaign donations — more than half of which is made up of deer semen.

The Dallas News reported Thursday that Ana Lisa Garza, a district court judge running a primary challenge against eight-term Democrat Ryan Guillen, has received $51,000 in in-kind donations to her campaign, listed as individual donations of frozen deer semen straws.

The containers are reportedly a common way for deer breeders in the state to donate to political campaigns. Garza’s campaign has valued the straws at $1,000 each.

Straight from The Hill.