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[Logo]( Proprietary Data Insights Top Non-Leveraged Equity ETF Searches This Month Rank Name Searches
#1 SPDR S&P 500 ETF 250,202
#2 Invesco QQQ ETF 136,337
#3 iShares Russell 2000 ETF 43,945
#4 Vanguard S&P 500 ETF 36,143
#5 Schwab US Dividend Equity ETF 22,837
#ad [Daily Stock Advice With Actionable Insights]( Brought to you by [Streetlight Confidential]( [Breaking News: Prairie Operating Co.’s latest game-changing move (I didn’t see this coming)]( [ Streetlight Confidential - Breaking News: Prairie Operating Co.âs latest game-changing move (I didnât see this coming)]( This one’s hot off the presses. And I want to be sure you’re among of the first to know. One of my favorite picks, Prairie Operating Co. (NASDAQ: PROP), has announced another impressive development in its journey to DJ Basin oil and gas dominance. As of January 11, 2024, the company has officially acquired the assets of Nickel Road Operating LLC (NRO), a strategic move that redefines Prairie’s position in the Warren Buffet’s favorite oil and gas field and the energy sector at large. You can read the full press release on the company’s website. [Download Your Free Report]( The Best Money Move You Can Make With An Extra $500 A Month At the end of Tuesday’s Juice on [Gen Z and millennial struggles](, we said: If you’re lucky enough to be making enough to pay high rent, drive a new car and still go out to eat at pricey restaurants and bars, you probably can — quickly and painlessly — find a couple to a few hundred bucks a month to sock away. Lucky enough, because it’s not easy. Let’s say you’re a millennial or member of Gen Z living in Los Angeles. The typical one-bedroom there goes for $2,400, which is, somewhat surprisingly, not that much higher than the national median of roughly $1,966 for all unit sizes. Comparisons aside, it takes an annual income of $96,000, or $8,000 a month, to spend no more than 30% of your income on rent. But that’s a before-tax personal finance standard. Take away taxes and, in California, you’re taking home roughly $5,800 a month. Deduct the $2,400 rent from that and you’re left with $3,400. Go modest with your car and put the total monthly cost of ownership at $600 and you’re left with $2,800. We’ll conservatively put student and other debt at $300 a month, leaving you with $2,500 left over. Of course, you need groceries. According to a recent study by HelpAdvisor, the average household in California spends about $298 a week on groceries. This actually isn’t much higher than the national average of $270. Anyhow, we’ll say a single person comes in at half of average, bringing their weekly bill to $150 for food and sundries. That’s $600 a month, dropping your monthly surplus to $1,900. You probably have other expenses. And if millennials and Generation Z like going to restaurants and bars and drinking Starbucks coffee everyday as much as the media says they do, you can see how “hard” it might be to have cash left over at the end of the month. We put hard in quotes because, while we do understand the struggle for young (and old!) people, with some sound choices and a bit of discipline, a person making just shy of 100 grand can find money to save and invest at the end of the month. Even in pricey LA. And they can do this, while funding and maintaining a large emergency fund. That last point is super key. In part, because of what we discussed earlier this month in [The Big Problem With 401(k)s And IRAs](. You don’t want to end up doing what lots of people are doing these days. Raiding retirement accounts — and potentially paying taxes and penalties — to cover the cost of the business of doing life. So, while you need some semblance of financial stability to invest at all, you probably need it times two to invest in tax-advantageous retirement accounts. But, if you can, the differences can be astonishing. No matter how you do it, the best thing you can do with your budget is find $500 a month to save/invest every single month. It adds up like crazy. But here’s how it adds up differently in a taxable account versus a Roth IRA. If, starting at age 25, you invest $500 a month every month (that’s $6,000 a year) for 40 years and earn just 7% on average annually, you’ll have $825,680 in a taxable account. However, in a Roth IRA, where you enjoy tax-deferred growth and don’t pay taxes at retirement (assuming you satisfy IRS rules), you would have $1,281,657. That’s a difference of $455,977. And that’s a huge difference. If you estimate needing $65,000 a year in retirement, that difference takes care of an additional seven years. And we haven’t even gotten into the fact that the balance you haven’t touched can keep growing or the addition of Social Security payments. The math — even the conservative math — is clear. The hard part is getting people, especially younger people, to think into a distant future where they’ll have to take care of a version of themself they can barely picture in 2024. The Bottom Line: Okay, so, you’re young or want to offer some help to somebody who is. If it’s the latter, please forward them this email and tell them to [sign up]( for The Juice newsletter. It’s free. In our next installment, we’ll start detailing ways to spread that $500 around. We’ll consider savings, particularly an emergency fund. Because it’s important. And we’ll consider actual investments. Some of them are in today’s Trackstar top five. Because in addition to individual stocks, ETFs can comprise the foundation of almost any strong long-term retirement portfolio. [-facebook-share]( [-twitter-share]( [-linkedin-share]( [-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D604359?utm_medium=ic-nl&utm_source=115712 ) News & Insights Freshly Squeezed - [10 Dividend Stocks with Sustainable Payout Ratios](
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1325 Avenue of the Americas, Floor 27 & 28 New York, New York 10019 Disclaimer: This is not investment advice. This InvestingChannel, Inc., newsletter is for information purposes only and is based on opinion. Futures, forex, stock, and options trading are not appropriate for all investors. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or eliminate losses. InvestingChannel, Inc., makes no representation or implication that using any of the methodologies or systems in this newsletter will generate returns or insure against losses. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions. [Link](