Young investing expert and influencer Austin Hankwitz has already amassed over $1 million in the stock market and has a proven strategy for achieving success. In a recent TikTok video, he shared a simple three-step plan for aspiring investors. Hankwitz emphasizes the importance of strategic thinking over treating the stock market like a casino. His advice includes focusing the bulk of your portfolio, around 75%, on index funds and ETFs rather than individual blue-chip stocks. He recommends diversifying your investments beyond stocks and index funds to manage risk and growth. Additionally, Hankwitz stresses the importance of consistency over trying to time the market, encouraging investors to stay invested and seek guidance from financial professionals. By following these principles, investors can build a robust investment portfolio and potentially achieve significant returns.
