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☆ A 27-year-old investor building a $2 million retirement portfolio in 8 years shares the index fund he's buying that pays a 14% annual yield in a tax-efficient way
▼ + stars: | 2024-04-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

His brokerage account mainly holds dividend and technology stocks and an S&P 500 index fund. AdvertisementHe also began buying the NEOS S&P 500 High Income ETF (SPYI), which launched in August 2022. It also beat out similar funds, such as the JP Morgan Equity Premium Income ETF and the Global X S&P 500 Covered Call ETF, throughout 2023. Portfolio VisualizerFor this reason, he decided to bet on an ETF similar to SPYI that went live in January 2024: the NEOS Nasdaq-100 High Income ETF (QQQI). It's also subject to the 60/40 tax rate, which means that only 40% of the fund's gains are subject to the higher short-term capital gains tax rate.

Persons: —, Austin Hankwitz, Roth, Ethereum, Hankwitz, it's, It's, Austin Organizations: Service, Business, Morgan, Nasdaq, SPYI, JPMorgan Nasdaq Equity

☆ A 27-year-old investor building a $2 million retirement portfolio in 8 years shares why he's buying a fund that's up 324% since inception and made up of cheap stocks with strong competitive advantages
▼ + stars: | 2023-10-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

"You're telling me that the big tech companies are the only reason the stock market, aka the S&P 500, is green? Because at the end of the day, sure, I've got great exposure to the magnificent seven, but I want exposure to companies outside of just these big, big, big tech names." So, he began to look at various ETFs that have outperformed the S&P 500 on three-, five- and 10-year horizons. Meanwhile, the S&P 500 has lagged both since MOAT's launch, at 209%. Portfolio VisualizerPortfolio VisualizerMOAT has a dividend yield of 1.08% compared to the S&P 500, which has a yield of 1.57%.

Persons: Austin Hankwitz, Hankwitz, I've, Morningstar Organizations: Gilead Sciences, Comcast Locations: Gilead

☆ A 27-year-old investor building a retirement portfolio of $2 million in 8 years shares why he's heavily buying a fund paying a 12% annualized yield on a monthly basis with tax advantages
▼ + stars: | 2023-09-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

As Hankwitz was looking for yields, he came across the NEOS S&P 500 High Income ETF (SPYI). It's also attractive to those who may want to supplement their regular income, Hankwitz said. "Normally, you'll see anywhere between 2 to 4% for most of these dividend stocks," Hankwitz said. "But for a long-term investor like myself, I do want to have that deep exposure to the S&P 500. Global X S&P 500 Covered Call ETF (XYLD) is a similar fund that holds the S&P 500 stocks.

Persons: Austin Hankwitz, Hankwitz, It's, Troy Cates, Cates, it's, XYLD, SPYI, We've Organizations: Medicis, Broadcom, MasterCard, SPYI, JPMorgan, Internal Revenue Service, hasn't, Treasury Locations: SPYI

☆ A 27-year-old investor who's building a retirement portfolio of $2 million in 8 years shares the 3 index funds he's betting on, including one with an over 500% return in the last 10 years
▼ + stars: | 2023-08-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

So far, he has accumulated $47,400 in a brokerage account and another $72,774 in a retirement account, according to records viewed by Insider. His top 3 favorite index fundsA majority of his retirement account sits in index funds. One of his top holdings is the Vanguard 500 Index Fund ETF (VOO), which tracks the S&P 500. The second index he holds that is tied in ranking is the Vanguard Information Technology Index Fund ETF (VGT). Finally, his third-largest holding is the Vanguard Growth Index Fund ETF (VUG).

Persons: Austin Hankwitz, TikTok, Hankwitz, Roth, I've Organizations: Vanguard, Companies, Vanguard Information Technology Index Fund, Apple, Microsoft, Nvidia, Broadcom, Index Locations: Nashville , Tennessee, VGT

☆ A 27-year-old personal finance creator breaks down the investment portfolios he's using to reach $2 million in 8 years — and shares the account types and categories of stocks he believes will accelera
▼ + stars: | 2023-08-03 | by ( Laila Maidan | Read More | Read Less | ) www.businessinsider.com time to read: +8 min

He's using a regular brokerage account and a solo 401(k) with pre- and after-tax advantages. Late last year, he decided he wanted to build a retirement portfolio worth $2 million that he could track and others could follow along. To date, he has $47,400 in a brokerage account and $72,774 in a retirement account, according to records viewed by Insider. This account has four sections: dividend stocks, technology stocks, risky stocks, and the S&P 500. These stocks account for 35% or about $17,000 in this account.

Persons: Austin Hankwitz, Hankwitz, Roth, I've, Crocs, doesn't Organizations: Lowe's Companies, Apple, Microsoft, Google, Palo Alto Networks, Costco, Vanguard Locations: Wall, Silicon, TikTok

☆ The 'Barbie' movie could boost Mattel's stock prices and increase the price of old dolls in your closet, but avid Barbie collectors couldn't care less
▼ + stars: | 2023-07-15 | by ( Colette Fountain | ) www.businessinsider.com time to read: +9 min

Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.

Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland

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