A Millennial Millionaire Breaks Down His Simple Investment Strategy
- Andre Nader found himself in a financial hole after losing money trading options.
- He shifted his investment strategy and started buying low-cost index funds.
- He owns various Fidelity and Vanguard index funds, including VTI and VXUS.
Andre Nader lost a good chunk of money in the stock market in his early 20s.
“I used my student loan money in my junior and senior years and started trading options. I ended up losing $15,000 to $20,000 of student loan funds,” he told Business Insider. “It was nothing I needed to pay off right away, but I was originally graduating college without any debts.”
It taught him a valuable lesson, he added: “What I was doing wasn’t investing. The options trading was tapping into that…
