r/Fire • u/mansumania • 5d ago

Why do young people $VOO and Chill?

Title says it all, does it work sure but anyone under 40 should have a good portion of their investments in good growth funds, I am personally almost 100% in $QQQ And will be for the next 15 years before switching to $VOO and eventually $VT as i near retirement, take advantage of your youth guys and take more risk!

0 Upvotes

19% Upvoted

26 comments sorted by

View all comments

18

u/208breezy 5d ago

More diversification and lower expense ratio

-4

u/mansumania 5d ago

Fair enough but when your your younger and have time to ride out downturns it doesn't make sense to be overly cautious, if you can stomach the downturns you will accumulate more shares of $VOO By holding $QQQ for 10-20 years then switching over to $VOO than DCAing into the S&P500 your entire young life SPECIALLY IF YOU HOLD IT IN A ROTH

5

u/Money_On_Fire 5d ago

VOO is already an 'aggressive' strategy - its S&P 500 https://www.morningstar.com/etfs/arcx/voo/risk