My father says that I (22m) would need at minimum $100,000 to make any type of income with any form of etf, currently I’m in $sphd and the mutual fund $swtsx. Me and my Grandfather put $1,000 in it to start out. I kept telling him that the $1000 was a decent start but he kept on saying how I needed to focus on individual stocks like he does (for immediate income). I’ve read the books “the intelligent investor” by Benjamin Graham and “the little book of common sense investing” by John C. Bogle.
Me personally, I want to just allow my investment to grow over time and allow both dividends and me contributing over time to work its magic over the coming years.
I feel like I’m being pulled in multiple directions and like I can’t make my own decisions without being criticized by my family.
So my question is, which is better, dividends and etfs/mutual funds or going straight for the individual stocks and the immediate cash payment?
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