Are your funds held in a regular taxable brokerage account or inside a retirement account (roth, Trad IRA) etc. Depending on the account they are in, you may have to pay taxes. If they are in a retirement account, you won’t pay any taxes when you sell or buy index funds (i.e if you sell individual stocks and exchange it for VTI, VXUS, VTSAX (Mutual fund equivalent of the ETF VTI), etc. If they are in a non retirement account, then if you sell for a realized gain, you will owe taxes on the gain portion.
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I can’t say for sure your tax implications, but Jeremy recommends to hold long term index funds balanced between international and domestic. If you want to try and hold individual stocks, he recommends a small percentage of your entire portfolio, (2-3%) that may even be higher then he recommends. That way, if you want to hold and day trade, you can and won’t stop your overall plan for growth and Financial independence.
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He recently posted a story to his Instagram that puts it into perspective.
Retirement is not an age number, it is a numerical value
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ie. 25 x your salary, withdrawing 4% should allow your balance to grow while giving you the ability to pursue other dreams without living in poverty.
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Best of luck and welcome to your bright future in becoming financial independent !!
