Timothy Sumer

You'll often hear the phrase VOO and chill or sometimes VTI and chill. VOO is the ticker to Vanguard's S&P 500 index ETF (VTI is Vanguards total U.S. market ETF). The idea is to invest all of your money in the S&P 500 (or perhaps the total U.S. market) and just relax. After my video showing my 2021 portfolio tracked the performance of the S&P 500 (more or less), many asked why I bothered with multiple asset classes and individual stocks. Why not just VOO and chill? This video explains why, and more importantly, walks through some concepts that might help you decide what's best for your portfolio. Join the newsletter: ———————————— Investing Tools ———————————— My Book (Retire Before Mom and Dad): Personal Capital (Investment Tracking, retirement planning ): New Retirement (Retirement Planner): Stock Rover: M1 Finance $30 Bonus (IRA & Taxable Accounts): ———————————— Credit Cards & Banks ———————————— Wells Fargo Active Cash (Cash Back...

🔥Get Total Access To All My Financial Decisions, Option Plays & Private Discord Chat! Free Stocks: 👍🏻👍🏻Webull Will Hook You Up With FREE STOCKS: 👉🏻👉🏻M1 Finance: My Podcast: 🎙AVERAGE MONEY PODCAST: My Other Channels: Brad Finn Day Trades: Brad Finn Runs: 👉🏻💥CONNECT WITH ME: 📞Give Me A Call To Talk Money or YouTube: 🍺BEER MONEY DONATIONS🍺 Venmo: PAYPAL: In this video, we will be discussing the benefits of a Roth IRA. A Roth IRA is a type of individual retirement account that allows you to contribute money on a post-tax basis, but allows for tax-free withdrawals during retirement. This means that you will not be taxed on the money you withdraw from the account during retirement. Additionally, Roth IRA contributions can be withdrawn tax-free and penalty-free at any tim...

Should you sell options against your S&P 500 index fund shares? In this video, I explain why I transferred assets from my Roth IRA at Vanguard to tastyworks. I'm going to buy 100 shares of SPY and sell covered calls against the position in the new brokerage. I'll use the profits from selling covered calls to buy more shares of Vanguard Total Stock Market Index Fund (VTI) inside my tastyworks Roth IRA. This is index investing with options. Yes, I'm mixing passive index investing with active options trading. Let's find out if this strategy will outperform the index over time. --- Timeline 0:00 Intro 1:19 Why tastyworks? 2:11 Then what? 2:23 Why buy SPY 2:54 What is this magical strategy? 4:03 What about dividends? 4:33 Where will covered call profits go? 4:56 Still an index investor? 5:48 What about Vanguard? 7:45 Will you let us know how it goes? 8:08 Did you invent this strategy? 8:40 Why do this in a Roth IRA? 9:01 Final thoughts? 9:43 Blooper ---- — T...