I have some questions
Recently, I started buying individual stock and I use Fidelity. I’m thinking that the day before payday I am going to sweep everything that’s in my checking account and put it into Fidelity and buy stock. $500 every two weeks. I am 9 years from retirement .
My 401k and brokerage is heavy for EFT, mutual funds, and metal and blue chip ( Microsoft, Apple etc). I have pension and emergency fund. Retirement should be fine.
What kind of individual stock would you buy? I was kind of looking at a stock that pays dividends. Thinking that could be a passive income when I get to retirement. Is it possible with 9 years to build a portfolio that gives a decent passive income? Decent like $10k a year so I can travel a little.
And if you have Amazon stock - sorry if it drops a smudge - they are losing that money that I am buying stock with :)