Tech stocks were slam dunk investments for the past decade. No matter what you invested in—Google, Facebook, Amazon, or even some obscure AI toaster company—you probably made decent returns. But, after years of continuous economic growth and massive government stimulus, tech stocks are finally starting to get shaky. The problem? New investors like Zoe have huge paper losses on their dashboards. But is this worth worrying over?

Zoe is an ideal investor. At just twenty-four, she already has close to six-figure wealth, with a house hack, a respectable retirement portfolio, and a solid income every month. She’s making the right moves but feels like some of her most recent choices haven’t hit the mark. She dabbled in stock picking as her income went up, investing in some of the biggest names in tech over the past few years. Her house hack, which is almost letting her live for free, was bought at the top of the market with an average interest rate.

Zoe needs to know what to do next. Should she sell her tech stocks and invest the money into index funds where she can let it ride? Should she buy a new house hack that allows her to live for free instead of at a discount? And where should she put the thousands of dollars she’s saving every month to ensure her a life of financial freedom in the near future? Zoe has some enviable problems, and on this Finance Friday, we’ll be solving them!

00:00 Intro
05:29 Income, Expenses, Assets and Liabilities
09:02 From Poverty to Passive Income
12:20 The Problem with Picking Stocks
25:24 House Hack Numbers
43:42 Syndication Side Hustles
47:10 Tax Tips and Credit Card Picks
51:20 Building the Perfect Portfolio
57:49 Action Items for Zoe

Show Notes at:
https://www.biggerpockets.com/blog/money-356?utm_source=youtube&utm_medium=description&utm_campaign=none
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Download the “Personal Investment Philosophy” Template:
https://www.biggerpockets.com/files/user/scotttrench/file/personal-investment-philosophy?utm_source=youtube&utm_medium=description&utm_campaign=none
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Hear Our Interview with “Just Keep Buying” Author, Nick Maggiulli:
https://www.biggerpockets.com/blog/money-347?utm_source=youtube&utm_medium=description&utm_campaign=none
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Have Answers on the “25% Equity for FHA” Debate? Email Mindy!
Mindy@biggerpockets.com
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Scott’s Recommended Books on Stock Picking:
One Up on Wall Street: https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403
The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Collins-Business-Essentials-ebook/dp/B000FC12C8/
The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence-ebook/dp/B01H97OQY2/
A Random Walk Down Wall Street: https://www.amazon.com/Random-Walk-Down-Wall-Street-ebook/dp/B07DP6YGVX/
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 356

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