Frequently Asked Questions
Why should i invest?
The best way to start investing is by starting off slow and easy, and the best and cheapest way to do so is focusing your portfolio on ETFs or Index Funds. An ETF or exchange-traded fund is a type of investment fund that is traded on a stock exchange much like an individual stock. An ETF divides ownership of itself into shares that are held by shareholders and what they are left with is exposure to a wide variety of companies all within a single ETF.
The common misconception is only the rich invest. This couldn’t be further from the truth as markets have become more accessible to the average joe, which is what we specialize in! With as little as $100, you can fund an investment account and start seeing your money work for you, not the other way around. Click here to setup an account on Webull and get 2 free stocks when you fund your account with $100 or more! WallStJunky also recommends TD Ameritrade as a full-service brokerage solution.
No two portfolios should be the same, because risk constraints and return constraints are different for each individual. It is important to approach investment from a goals-based perspective which helps better guide the investment vehicles that will most efficiently and effectively achieve your aspirations. In latence terms, no two people perceive risk the same way.
Generally speaking, it is usually a bad idea to invest while still in debt, especially consumer debt (high interest). Money owed continues to compound against you and failure to meet these debt obligations can result in bankruptcy and other serious consequences. However, there are situations that investing still might make sense if you have debt. Some of these examples include a mortgage or possibly student loans (depending on the interest rate). Using a systematic approach, it is generally unwise to consider investing if the debt you are carrying exceeds an interest rate greater than 6%.
Emphasis on a strategy to quickly change anyone’s financial situation usually results in despair. Not to mention, strategies that focus on additional income or instant gratification usually result in a heavy tax bill. A true investment strategy is a process, one that involves a well thought out plan centered around longevity, simplicity and building long-term wealth not just for your generation, but your future generations.
Why listen to us?
The goal of the podcast and all other content for that matter is meant to be educational and entertaining. Here at WallStJunky, using our institutional investment experience, we simplify the Wall Street secrets and deliver them in a way that is informative and intriguing.
Josh and Brandon both served in the armed forces, and understand and preach a disciplined approach. Combine that with the institutional trading experience that WallStJunky brings to the table, and you are left with a strategy that incorporates an emphasis on simplicity and financial freedom whilst also derived from due diligence. In addition, Joshua Lutkemuller is a CFA charterholder with over 3 years of experience as an MBS Trader at a large bank.
Brandon has a great track record since his entry into the stock market in 2020 where he achieved a portfolio return of over 600% for the year! His fresh and off the cuff perspective has great appeal to all investment competence levels. Josh has been investing consistently for the last 7 years, and using a strategy that places emphasis on consistency and quality, propelled his public stock portfolio to $250k by the age of 26 years old. Currently, his public account (his account that he frequently updates with the community) is valued at nearly $300k and has a goal to hit $1,000,000 by the age 30.
90% of day traders fail, that is the reality. In order to be a successful day trader, you need to spend numerous hours dedicated to the craft. With that in mind, WallStJunky believes your time is better spent elsewhere instead of chasing a quick and “easy” dollar from day trading.
WallStJunky first started out as a dream, but has quickly grown into a brand that both Josh and Brandon are proud of. Josh and Brandon both post daily market commentary on their social media profiles and aim to release 1 to 2 podcasts per week. Youtube is a new endeavor and you can expect weekly Youtube content in the near future!
How can I support WallStJunky?
The biggest way is to continue listening and watching our content on the vast number of platforms we are available on. We appreciate your support! Click here to find out which platforms the WallStJunky podcast is available on!
Yes, we are on Youtube! This is a project in the works and we plan on making more digestible content on that platform! Make sure to subscribe here.
We are currently on Spotify, Facebook, Youtube, Apple & Google Podcasts, Twitter, Instagram, and Anchor. You can find more details by visiting the Contact page.
Answer the question here. Make sure you answer all frequently asked questions to clear some common doubts. People love when they find a solution without having to wait for your reply. This also shows that you have enough knowledge that you can share and help them out.
Where do i find helpful resources?
Yes, we have a free community Discord channel that everyone can join! Click on this link to join our Discord server and follow up on the latest notifications about our Podcasts and events!
We belong to many different investment communities across social media platforms. The WallStJunky Facebook community is growing and is a fantastic resource to receive investment ideas and daily news! Click here to apply to our Facebook group for free!
Reading should be one of your biggest priorities when learning the investment game. There are so many great books to read, but here are a few to get you started:
The Little Book of Common Sense Investing – by John C. Bogle
The Intelligent Investor – by Benjamin Graham
Extreme Ownership – by Jocko Willink
Principles – by Ray Dalio
Investopedia is a great free resource and acts as a financial encyclopedia. Also, tune into the WallStJunky series that focuses on simplifying financial concepts that are often times over-complicated.