Thank you for watching! Please remember investing involves risk and I am not a financial advisor or tax professional, just someone who likes talking about personal finance!
Software consultant here. Great channel and very insightful. You should emphasize that you earn 200k per year. That’s 4x most Americans watching this. Wouldn’t you agree that they should get their income up first before investing?
Great video! can you do a video on how to set this up, do you automatically have it set up to transfer in and if buys it at the end of each month or how does that work? And is voo, the same as vtsax? Voo is an etf? Thank you!!
@@mike619 personally, I think investing in index funds is a good choice even for Americans earning 50k per year. But that comes with several caveats about personal finance. Can they pay down their debt? Do they have the ole Dave Ramsey emergency fund of a thousand to couple thousand dollars to be protected from further debt? If so, I think it is immensely prudent to at least get the matching 401k rate or at least aim to invest 15 percent of their income into a roth ira or at least 529 plan if they're aiming to improve their skills in the coming decade.
Great video on simplifying investing. Public Schools should make personal finance a mandatory class for seniors. I'm adding this on a person finance playlist I'm creating for my son who will soon be 18. Thank you.
@@tenki-no-ko thank you for your interest. Here's the link to my playlist that is still in progress. th-cam.com/play/PLKqhuSCAJYPxsadZrr4OvlYf37dY37Yp8.html
I teach social studies (US History, World History, and Government) but I spend TONS of time talking to my students about stocks/bonds, and the power of compounding interest! They love it, and start taking notes without me even telling them to. Ha. Wealth of knowledge I'm giving them. Literally.
This was so informative, I want to learn more. Can you do a video on a step by step process to get started? i.e how to make an account, what platform to use, initial investments etc.
I'm an Electrical Engineering student who's about to graduate in a year and has a lot of planning and forecasting to do. I'd be interested to see how you're planning out/thinking of your life over the next year, especially with Covid making everything uncertain. Great content as always!
What state do you live in sir? I was in your shoes a few years ago. Currently a software consultant and felt the same way during my junior year in college.
Christopher Uzokwe since you’re young, you have flexibility. You can get an engineering job in PA. Or move to a state that has a booming industry. Not sure what it is for electrical engineering but right now it’s Austin Tx for software. (Ps, I have a degree in aerospace but had to pivot to software to take advantage of the global trend). Come to think of it, any area with lots of data centers. Those huge data centers that run amazon, google and facebook’s servers. I did a consultation with one of them last fall and the manager mentioned it being an under the radar booming trend. Hope this helps
Indeed! Mr. Buffett himself once said, for the normal investor, investing in an index fund (S&P 500) is posssibly the best decision you'll ever make! Great video, and as always, bae, you lookin right! 😁😍
Love the video! There's so much more that could be said! A couple quick thoughts: 1) for ETF investing, if you intend to contribute frequently (like monthly) you should find a broker with no (or very small) ETF purchase fees. Some brokers charge a bunch of money for a transaction which then makes the low ETF management fees almost meaningless. 2) Your portfolio is indeed good for your age and also the length of time until you want to use the money (also called time horizon). However, my personal suggestion would be to increase the allocation to the ex-USA ETF(s?) and decrease the allocation to the US ETF(s?) - that's still a lot of eggs in one basket. Diversification is not only a broad array of individual stocks, it is also geography.
Great video, investing is so important to reach financial independence, you're well on your path to retire in your 40s 🙌 ETFs are the way to go to diversify and reduce risk! 💯
hey! I'm coming from your millennial money episode, I love your channel and I noticed from that episode of millennial money that you invest in the traditional 401(k). Do you have any thoughts on the Roth IRA and if you do, do you think you can make a video just in general briefly about your retirement investments? I'm 19 right now and I think its best to start early but all of this is really confusing to me and you explain things so well!
As a beginner investor this was the most helpful video I’ve come across explaining index funds in the most simplest, easiest way to understand. It was nice of you to put time stamps but I ended up watching the whole video from start to finish. Thank you! New subscriber here!
I just love to watch you speak!!! Once I get a job as a Data Analyst I’m dedicating it to you. I’ve been inspired by you in every little way. P.S watching all your ads cos we gatto secure the bag ❤️☺️
I love that you're making this information accessible to everyone! As some others have mentioned, I would love a video on how to actually start this process yourself. What platform to invest with, how much do you need to get started, do's and don'ts, etc. Thanks so much!!
I am in my 60's and wish I had this advice when I was much younger! A couple of points that you could make perhaps in another video are these. First, when you are young, you obviously want to buy as many shares of an index fund as you can, yet you have limited funds. And of course it's always fun to watch the value of your portfolio to go up. But one shouldn't get discouraged if the value doesn't go up much and even sometimes goes down. Why? Because inevitably if history continues the market will deliver a nice return over a long period of years, but while it isn't going up, this allows you to buy more shares each month! And a follow on to this. Inevitably the market is going to make some big, sometimes huge drops over the years. Many amateurs panic and sell. This is the worst thing you can do! Look at those drops again as an opportunity to buy more shares at cheaper prices! Thanks for your videos and good luck!
Thank you for providing your reasoning and background for your investing strategy! I’m also risk averse so this method is more reassuring for me. It’s harder to relate to people who spend more of their time following individual stocks. I really liked the egg carton analogy, too!
As a finance major I totally agree with what you said. I encourage everyone to invest. But one thing many people dont understand is that money today is worth more than tomorrow and saving your money aside does nothing overall. That's another reason people should invest, so they can see their money grow
Hi Bukola! You said that once a year you rebalance your index fund buying based on your age and you getting closer to your goals. What does that look like and how do you determine whether to buy more or less based on those 2 aforementioned parameters? Thank you for the great content! ❤
Thanks so much for this video! I’m in my mid-twenties and just starting to look into investing! Your intro to investing videos have really helped! I’d love to hear more how you actually get started-are there apps you use, how do you actually find the index fund you want, etc, more of the technicalities to get started for first time investors! Love you content!
Great video and strategy! Index funds are such a good way to set-it-and-forget-it and you can have a lot of confidence when investing in them. If Warren Buffett says that they're good for most people, who am I to disagree 😂😂 thank you for sharing!
My questions is how do I actually invest in stocks, bonds, and index funds? In other words who do I contact to actually make my investment? Would it be the bank I do business with? I am totally new to all of this and do not know who to contact to actually make my investment or how to make my investment. Thanks.
@@alexandrasvdavis I have my Roth IRA set up with Charles Schwab. You can literally Google their phone number and call them about any questions you have. Their customer service is open 24hrs a day and on point!
I use the Robinhood app to invest “extra” when I can, aside from my retirement accounts through my employer, which are through JP Morgan I think. I’ve found Robinhood to be easy and I think would be good for a beginner if you just want to experiment. I have just searched “index funds” and you can read about the different ones out there (on the app) I’m no expert but so far it’s good 😊
I've watched a few videos on index funds which were very good but this is the best one. Well-presented and awesome graphics. And just curious, what program do you use for the graphics? Thanks for the video!
There are actually studies that have shown that stock picking (i.e. active) fund managers on average don't outperform the market (for example: "Luck versus Skill in the Cross-Section of Mutual Fund Returns " by Fama & French). If you are a complete beginner who does not know much about trading, I recommend you to invest in ETFs (which essentially are what she is talking about in this video). And even as an advanced investor, it never hurts to have some money invested in ETFs for better diversification. The more negatively correlated assets you have, the lower your idiosyncratic risk.
This was amazing, I'm glad I found your videos. My question is, for a person who cannot invest 50% of their salary like you do, what percentage do you suggest they start with?
Graham Stephan has an awesome channel with tips for this but savings suggestions are 20% so if you can do 20% of your income great! If not then pick a reasonable amount to consistently invest each month
Depends on your age. If you’re still under 30 and have no family commitments you still have lots of time.. and energy. you can pay for a certification (software, healthcare, trades) and bump up your income to six figures within 6 months. That’ll make saving 50% so easy.. and you still get to do whatever you want with the rest.
Great video, what are your thoughts on socially responsible funds? They have slightly higher fees but are said to also outperform the general stock market. Do you also see it as part of our responsibility as investors to divest against harmful companies/industries?
Could you make a video on how to open up and start to invest in index fund? I have $1100 every month to invest /save. I would like this money put to work. How could I invest in an 3 portfolio index fun? How do I Start?
Great video! I also suggest index funds for beginners. It is strong to invest 50% of your salary, I do it myself too. One can really see the results of it fast, it is so satisfying.
I was so inspired by your Millenial Money episode. I had to come visit your channel. Definitely subscribing... you're a boss at life! Your parents raised you well, and your commitment is admirable.
Curious how you opened up an index fund account? I thought I did through Vanguard but it was a money market savings. Not at all what I wanted. I’d love to see someone actually show how to actually invest in index funds.
Well if the market goes down, you can buy shares for cheap. That's the advantage of it. You have to be very disciplined not to pull out your money when it goes down, for it will go back up again. Just apply dollar-cost-avaraging and leave it alone.
Greater risk requires more time to educate yourself. Keep in mind that a lot of index funds these days are heavily loaded in favor of top tech companies. That could pull your entire index down a lot. Also, it’s important for every beginner to get educated on the fundamentals of a business. Don’t invest blindly. Understand the indications of a growing business, sector, etc. Read, read, read.
Hi! So, can you make a video on the steps you actually took to START investing? I know I want to invest, but I am worried about starting with too little or not doing the right steps and end up being scammed. If you could provide some insight on your first days of investing that would be great! Thanks!
Hey Bukola, Great content as always. I've been following your channel since the cnbc appearance. You have an incredible story. I live in Nigeria and hope to start my own youtube channel soon(already buying equipments 😊 ). Since following you, I have been excited to see the progress in your video contents. Any advice or pointers for a young youtuber? Like Preferred software, do you use title templates, background music, how do you manage scripts,how many cuts is too many cuts in a video, what lighting do you use etc . I just downloaded final cut and have started playing around with video clips with titles and transitions but that's pretty much it #sigh. Ejoor, Help me 😊.
Thank you for sharing! I hate that these videos don't get as many views as your programming ones because I selfishly love personal finance & enjoy learning from others like yourself. Do you mind sharing what trading platform you use/why you use it? I've been thinking about getting started on Robinhood because it's beginner-friendly, so I'm curious what you use :)
How did you decide which investment company to go with? (Vanguard/Fidelity/Schwab/etc.) Can you make a video on how to choose one that is best suited for your needs?
For Retirement investing, go with either Fidelity, Charles Schwab, E-Trade, or M1 Finance. Day trading TD Ameritrade, Webull, or Fidelity. Option trading TD Ameritrade, Tastyworks, Charles Schwab, or E-Trade. Dividend investing M1 Finance, Fidelity, or Robinhood because of the ability to purchase fractional shares.
Thank you for the thorough and thoughtful breakdown sis! I've been thinking about streamlining my investment strategy and re-vamping it to meet my current goals. As someone who's been investing since I was 15 years old, I'm VERY interested in making my money work for me. I'll definetily be implementing some of the tips you provided. So thrilled to see a fellow young Nigerian using their money wisely. Keep up the great work!
How there I am fifteen and really want to start investing although I dont have a bank account and my parents say I am under legal age. I love in Ireland but do suggest opening a joint account with them or how did u open one at that age and where did u go from there. If it's not too much trouble to ask
@@derica818 My father helped me set up a TFSA (Tax Free Savings Account) when I was fifteen. Every dollar I made working paper routes and odd jobs, I put in there. Though he didn't contribute monitarily, he taught me the value of saving from and early age and I continued as an adult. Ask your parents if the can co-sign an account for you- either a regular bank account with decent interest rates or an investment account, specifically. Hope that helps. :)
Just found your channel! I love it! Thank you so much for sharing this information. I’m also Nigerian American so watching your videos makes learning personal finance so much more relatable. 💗
I have a feeling you're more into personal finance, at least for this channel. But I'm already well versed on that topic and I'm here for coding. Wonder if you're interesting in blending the two here or will do a separate coding channel?
I'm equally interested in both! This is what I'm trying to figure out, how to balance doing both or whether to have a create a separate channel for personal finance & other content! For the next couple of videos, I will be doing coding/tech content! Thanks for letting me know how you feel!
@@Bukola1 I suggest do a few more videos on both and see the data on what people like more. Also see if the views come mostly from subscribers or nonsubscribers and then decide if 2 channels make sense. You provide great content on both. Just personally, I want coding stuff :D Good luck!
I don't know where I should start when it comes to investing, and personal finance in general. I want to read more about it from good sources. Any recommendations you have for self study would be appreciated 🙏🏿
Try a 3-fund portfolio in a Roth IRA (tax free gains). If you make more than $124k per year, you will not be eligible for a Roth IRA. I highly recommend using Fidelity for a Roth IRA. www.bogleheads.org/wiki/Three-fund_portfolio
One thing I don't understand: how does it track the index? For example, if today I buy 1000$ of an index fund that tracks the S&P 500, does it translate today's index in percentage; then it allocates the money accordingly? If today's best company is 20%, it uses 20% of 1000$ to buy in that company's share. If the worst company is 1%, it only uses 1% of 1000$ ? Then the next day, the index changes. Does the stock distribution change again ? I would like to see the distribution of stocks you guys see in your Vanguard account.
This was a great video! Do you recommend the 3 index fund strategy for retirement funds strictly or can they be used for regular investment portfolios as well?
Could you make a video buying stock? Let's say I want to acquire some AMD shares. Where to go, how to actually do it hands-on? Thanks for this video anyway!
You can do it on Robinhood or m1finance. But don't jump into buying any single stock until you understand her video. Index funds beat people who try to stock pick on a routine basis. Look up, "Marginal Revolution University, Efficient Market Hypothesis" on youtube.
Go with Fidelity. However, Index mutual funds or ETFs beat individual stock picks most of the time. The exception are blue chip stocks or soon to be blue chip stocks (Tesla).
Please make more videos on how to start to invest. I watch you're videos because I also want to be a software engineer. Your videos are extremely helpful
Hi Bukola, • Why do you consider your Ellevest portfolio experimental? I use Ellevest and would love your perspective 🙏🏾 • Who manages your 3 fund portfolio? I want to copy lol.
-I like Ellevest, but the portfolio they created for me followed mostly the 3-fund portfolio strategy but with higher fees lol -I manage the portfolio! Since I'm not actively trading, it's not hard to manage it I just rebalance it once a year!
I know you said investing in multiple companies is a lower risk of losing money, but how much do you invest if you don’t mind me asking. I’m living pay check to pay check and getting a second job is out of the question because of school. I can’t drop out because that’ll be another payment coming out of me considering my job is paying a majority of my schooling for me. Besides paying off my car, I have no debt. Refuse to get a credit card at all to avoid more payments coming out of me. But I’m just wondering what advise you would give to someone who makes 34g a year and how much would investing start at. I can’t read about it because it doesn’t stick to me and info overload just discourages me even if I take notes.
A big part of investing is information really. On top of fundamental nor Technical analysis, which makes the difference between successful and average investors is having the best insights, insider information. You don't need to predict the future if you know who makes the future. Many information streams are mentioning the coming crash of the banking system or the disappearance of fiat currencies, how will this affect the market in a few months, years from now? I would suggest you look deeply at the crypto-currency market too, based on your age and your long term plan, that's where you want to be. Wish you all the success.
What do you think of robo advisors in general? I guess they have a higher fee than index funds but I think still fairly low usually. To be honest I'm not sure what the data/evidence is exactly on performance between robo advisors vs index funds (though I get that it will depend on the person and the fund/advisor/broker).
Thank you for being so open about your investment strategies! As someone who’s just starting to look into the stock market, this video is a great introduction.
@Hazetbafoon For people that don’t know, this video is half correct and half inaccurate. The Greeks matter a lot too and not just delta and theta. Greeks all together will give you a clue of the worth of the risk, not to mention spreads, volatility, open interests & volume. those all dictate how liquid the option is for you to get in and out without having a big spread which can lead you to a guaranteed loss. my advice to beginners, dont take these strategy videos seriously, get a good professional to help you. you can make great profits fast, but you can lose it all even faster w h a t s a p +4 3 6 8 8 6 4 8 9 6 8 8 6
My question is that these indexes are expensive. Let's say the Vanguard s&p500 is 432.05 usd per share now and I choose to buy 4 units almost 2k. Does this mean I just keep buying more and more when I get money tore rive a gain?
@Lalisa M 90% of trader's fail- why? Because they give up, it takes a lot of time, patient and experience to become a profitable trader, I will advice any new bie or those having tough times to seek guidance from a pro trader's and more then see how your Trading goals will be achieved.. w h a t s a p +4 3 6 8 8 6 4 8 9 6 8 8 6
Those money managers don’t beat the market because they make decisions based on inefficient values. If you learn the skill of investing correctly from the ground up you can beat the market. What do you think?
Super helpful video! Do you have all three funds in each of your investment accounts (IRA, 401k, HSA, brokerage, etc.) or do you split the three funds between each account (US Stocks in 401k, Foreign stocks in IRA, etc.)?
Great video. I am 22 & studying Computational and Data Science. I want one little fund to start in college, like $50 a month. Thanks!! I love your videos.
This was a great primer for anyone interested in market investments. Your point about timing the market is spot-on! My age doesn't make me wiser about the economy, but my living through various economic periods gives me more insight. Such an educational gem of a video!
Hello! So I'm almost 28 and I just started my Roth IRA with Fidelity and looking to start investing in a few Index Funds for retirement. I have been doing lots of youtube research and have heard that Target Date Mutual Funds are much easier because they automatically rebalance your portfolio for you. But due to the high expense ratio and paying 1% on top of that to the agent doing this for you, I wanted to avoid it. What is your general process of "rebalancing" your portfolio?
I'd recommend the free CFA Investment Foundations course. It's free and it'll teach you the very basics about the investment industry. You'll even get a certificate if you pass the exam, but honestly it's worth doing the course just to gain a fundamental understanding of investing.
Vanguard S&P 500 ETF (VOO) Vanguard 500 Index Fund Admiral Shares (VFIAX) If you want the *index* *fund,* purchase via a Vanguard account. If you want the ETF you can use Vanguard or any other brokerage.
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Thank you for watching! Please remember investing involves risk and I am not a financial advisor or tax professional, just someone who likes talking about personal finance!
Software consultant here. Great channel and very insightful. You should emphasize that you earn 200k per year. That’s 4x most Americans watching this. Wouldn’t you agree that they should get their income up first before investing?
Thank you for sharing so much of your knowledge! :)
Great video! can you do a video on how to set this up, do you automatically have it set up to transfer in and if buys it at the end of each month or how does that work? And is voo, the same as vtsax? Voo is an etf? Thank you!!
also are these investments made in your individual taxable accounts vs a retirement account ? Thanks!
@@mike619 personally, I think investing in index funds is a good choice even for Americans earning 50k per year. But that comes with several caveats about personal finance. Can they pay down their debt? Do they have the ole Dave Ramsey emergency fund of a thousand to couple thousand dollars to be protected from further debt? If so, I think it is immensely prudent to at least get the matching 401k rate or at least aim to invest 15 percent of their income into a roth ira or at least 529 plan if they're aiming to improve their skills in the coming decade.
Great video on simplifying investing. Public Schools should make personal finance a mandatory class for seniors. I'm adding this on a person finance playlist I'm creating for my son who will soon be 18. Thank you.
Would you be interested in making your curated playlist on introductory investing informing public? I think you have a great idea.
Link that playlist
@@tenki-no-ko thank you for your interest. Here's the link to my playlist that is still in progress. th-cam.com/play/PLKqhuSCAJYPxsadZrr4OvlYf37dY37Yp8.html
@@victoriabooker6212 Here's the link to my playlist that is still in progress. th-cam.com/play/PLKqhuSCAJYPxsadZrr4OvlYf37dY37Yp8.html
I teach social studies (US History, World History, and Government) but I spend TONS of time talking to my students about stocks/bonds, and the power of compounding interest! They love it, and start taking notes without me even telling them to. Ha. Wealth of knowledge I'm giving them. Literally.
This was so informative, I want to learn more. Can you do a video on a step by step process to get started? i.e how to make an account, what platform to use, initial investments etc.
MEE TOO! that would be great if she could
Beginner-friendly, commission-free investing platforms to check out: Robinhood, M1 Finance, and Webull.
@@Νικόλαοςαἰσθητικός Not Robinhood anymore, RE: the whole gamestop debacle.
That was going to be my question as well.
For europeans who are watching I'd recommend Trading 212 or Revolut. Both are incredibly beginner friendly, easy to use and increasing in popularity.
I'm an Electrical Engineering student who's about to graduate in a year and has a lot of planning and forecasting to do. I'd be interested to see how you're planning out/thinking of your life over the next year, especially with Covid making everything uncertain. Great content as always!
What state do you live in sir? I was in your shoes a few years ago. Currently a software consultant and felt the same way during my junior year in college.
Your Answers Philly, PA. I think there’s some good opportunity here and in neighboring states but with COVID there’s no telling what’ll happen
Thanks! This is a great idea!
Christopher Uzokwe since you’re young, you have flexibility. You can get an engineering job in PA. Or move to a state that has a booming industry. Not sure what it is for electrical engineering but right now it’s Austin Tx for software. (Ps, I have a degree in aerospace but had to pivot to software to take advantage of the global trend).
Come to think of it, any area with lots of data centers. Those huge data centers that run amazon, google and facebook’s servers. I did a consultation with one of them last fall and the manager mentioned it being an under the radar booming trend. Hope this helps
Indeed! Mr. Buffett himself once said, for the normal investor, investing in an index fund (S&P 500) is posssibly the best decision you'll ever make! Great video, and as always, bae, you lookin right! 😁😍
Love the video! There's so much more that could be said! A couple quick thoughts: 1) for ETF investing, if you intend to contribute frequently (like monthly) you should find a broker with no (or very small) ETF purchase fees. Some brokers charge a bunch of money for a transaction which then makes the low ETF management fees almost meaningless. 2) Your portfolio is indeed good for your age and also the length of time until you want to use the money (also called time horizon). However, my personal suggestion would be to increase the allocation to the ex-USA ETF(s?) and decrease the allocation to the US ETF(s?) - that's still a lot of eggs in one basket. Diversification is not only a broad array of individual stocks, it is also geography.
You make some valid points, thank you!
Awesome intro video! Couldn’t agree more with the diversity of index funds and snaps for investing 50% of your income!! 🥰
Thank you!!
investing sounds soo complicated at first but i love how you make this information so easy to digest💓
Great video, investing is so important to reach financial independence, you're well on your path to retire in your 40s 🙌 ETFs are the way to go to diversify and reduce risk! 💯
Agreed!!
hey! I'm coming from your millennial money episode, I love your channel and I noticed from that episode of millennial money that you invest in the traditional 401(k). Do you have any thoughts on the Roth IRA and if you do, do you think you can make a video just in general briefly about your retirement investments? I'm 19 right now and I think its best to start early but all of this is really confusing to me and you explain things so well!
As a beginner investor this was the most helpful video I’ve come across explaining index funds in the most simplest, easiest way to understand. It was nice of you to put time stamps but I ended up watching the whole video from start to finish. Thank you! New subscriber here!
I just love to watch you speak!!! Once I get a job as a Data Analyst I’m dedicating it to you. I’ve been inspired by you in every little way. P.S watching all your ads cos we gatto secure the bag ❤️☺️
I love that you're making this information accessible to everyone! As some others have mentioned, I would love a video on how to actually start this process yourself. What platform to invest with, how much do you need to get started, do's and don'ts, etc. Thanks so much!!
I am in my 60's and wish I had this advice when I was much younger! A couple of points that you could make perhaps in another video are these. First, when you are young, you obviously want to buy as many shares of an index fund as you can, yet you have limited funds. And of course it's always fun to watch the value of your portfolio to go up. But one shouldn't get discouraged if the value doesn't go up much and even sometimes goes down. Why? Because inevitably if history continues the market will deliver a nice return over a long period of years, but while it isn't going up, this allows you to buy more shares each month! And a follow on to this. Inevitably the market is going to make some big, sometimes huge drops over the years. Many amateurs panic and sell. This is the worst thing you can do! Look at those drops again as an opportunity to buy more shares at cheaper prices! Thanks for your videos and good luck!
There were no ETFs when you were young. It's only the last decade that index funds are widely available.
Thank you for providing your reasoning and background for your investing strategy! I’m also risk averse so this method is more reassuring for me. It’s harder to relate to people who spend more of their time following individual stocks. I really liked the egg carton analogy, too!
This is one of those videos I’ll need to keep coming back to. A lot of gems. Primarily the index fund. Never knew about that
As a finance major I totally agree with what you said. I encourage everyone to invest. But one thing many people dont understand is that money today is worth more than tomorrow and saving your money aside does nothing overall. That's another reason people should invest, so they can see their money grow
Hi Bukola! You said that once a year you rebalance your index fund buying based on your age and you getting closer to your goals. What does that look like and how do you determine whether to buy more or less based on those 2 aforementioned parameters? Thank you for the great content! ❤
Thanks so much for this video! I’m in my mid-twenties and just starting to look into investing! Your intro to investing videos have really helped! I’d love to hear more how you actually get started-are there apps you use, how do you actually find the index fund you want, etc, more of the technicalities to get started for first time investors! Love you content!
Finally, sound advice and you provided your own basic strategy which happens to be my wife's I had set up 20 years back when she was in her 30s.
Do you save cash into any regular saving accounts also ? Just wondering how you manage the global risk of ur entire income x
You broke this down to be so simple! Index funds for me 🙌🏼
i really like your mindset, mine is similar-buy & hold. it's the easiest thing to do
Great video and strategy! Index funds are such a good way to set-it-and-forget-it and you can have a lot of confidence when investing in them. If Warren Buffett says that they're good for most people, who am I to disagree 😂😂 thank you for sharing!
My questions is how do I actually invest in stocks, bonds, and index funds?
In other words who do I contact to actually make my investment? Would it be the bank I do business with?
I am totally new to all of this and do not know who to contact to actually make my investment or how to make my investment. Thanks.
You would use something like Fidelity or E Trade or Vanguard with an individual brokerage account
@@alexandrasvdavis
I have my Roth IRA set up with Charles Schwab. You can literally Google their phone number and call them about any questions you have. Their customer service is open 24hrs a day and on point!
I use the Robinhood app to invest “extra” when I can, aside from my retirement accounts through my employer, which are through JP Morgan I think. I’ve found Robinhood to be easy and I think would be good for a beginner if you just want to experiment. I have just searched “index funds” and you can read about the different ones out there (on the app) I’m no expert but so far it’s good 😊
fidelity, vanguard, charles schwab, m1 finance, etc.
Go to vanguard.com, make an account, search vfiax. There's a cap of 3k. You'll automatically have shares on 500 biggest company here in the US.
I've watched a few videos on index funds which were very good but this is the best one. Well-presented and awesome graphics. And just curious, what program do you use for the graphics? Thanks for the video!
Can you please do a detailed video on which aspects of an index fund you research in order to determine whether to buy into the fund?
There are actually studies that have shown that stock picking (i.e. active) fund managers on average don't outperform the market (for example: "Luck versus Skill in the Cross-Section of Mutual Fund Returns
" by Fama & French). If you are a complete beginner who does not know much about trading, I recommend you to invest in ETFs (which essentially are what she is talking about in this video).
And even as an advanced investor, it never hurts to have some money invested in ETFs for better diversification. The more negatively correlated assets you have, the lower your idiosyncratic risk.
This was amazing, I'm glad I found your videos. My question is, for a person who cannot invest 50% of their salary like you do, what percentage do you suggest they start with?
Graham Stephan has an awesome channel with tips for this but savings suggestions are 20% so if you can do 20% of your income great! If not then pick a reasonable amount to consistently invest each month
Depends on your age. If you’re still under 30 and have no family commitments you still have lots of time.. and energy. you can pay for a certification (software, healthcare, trades) and bump up your income to six figures within 6 months. That’ll make saving 50% so easy.. and you still get to do whatever you want with the rest.
@@alexandrasvdavis Thank you!
@@mike619 Thank you!
What platform/service are you using to purchase your index funds? Vanguard? Fidelity?
Most likely Vanguard or E-Trade since she invests into VTSAX. Any other investing brokerage firm would charge an additional fee.
@@akin242002 Makes total sense. Thanks for that. :)
Great video, what are your thoughts on socially responsible funds? They have slightly higher fees but are said to also outperform the general stock market. Do you also see it as part of our responsibility as investors to divest against harmful companies/industries?
I love Index funds. One thing to mention is that they aren’t available on ask brokerages such as Robinhood. You have to look for their ETF equivalent.
Could you make a video on how to open up and start to invest in index fund? I have $1100 every month to invest /save. I would like this money put to work. How could I invest in an 3 portfolio index fun? How do I Start?
Great video! I also suggest index funds for beginners. It is strong to invest 50% of your salary, I do it myself too. One can really see the results of it fast, it is so satisfying.
I was so inspired by your Millenial Money episode. I had to come visit your channel. Definitely subscribing... you're a boss at life! Your parents raised you well, and your commitment is admirable.
Curious how you opened up an index fund account? I thought I did through Vanguard but it was a money market savings. Not at all what I wanted. I’d love to see someone actually show how to actually invest in index funds.
Me too
Hello, Which index fund is best to purchase?
Well if the market goes down, you can buy shares for cheap. That's the advantage of it. You have to be very disciplined not to pull out your money when it goes down, for it will go back up again. Just apply dollar-cost-avaraging and leave it alone.
Greater risk requires more time to educate yourself. Keep in mind that a lot of index funds these days are heavily loaded in favor of top tech companies. That could pull your entire index down a lot. Also, it’s important for every beginner to get educated on the fundamentals of a business. Don’t invest blindly. Understand the indications of a growing business, sector, etc. Read, read, read.
Hi! So, can you make a video on the steps you actually took to START investing? I know I want to invest, but I am worried about starting with too little or not doing the right steps and end up being scammed. If you could provide some insight on your first days of investing that would be great! Thanks!
I keep coming back to this video cause it’s great. One other question I have is what cost basis method do you use?
Hey Bukola, Great content as always. I've been following your channel since the cnbc appearance. You have an incredible story. I live in Nigeria and hope to start my own youtube channel soon(already buying equipments 😊 ). Since following you, I have been excited to see the progress in your video contents. Any advice or pointers for a young youtuber? Like Preferred software, do you use title templates, background music, how do you manage scripts,how many cuts is too many cuts in a video, what lighting do you use etc . I just downloaded final cut and have started playing around with video clips with titles and transitions but that's pretty much it #sigh. Ejoor, Help me 😊.
Thank you for sharing! I hate that these videos don't get as many views as your programming ones because I selfishly love personal finance & enjoy learning from others like yourself. Do you mind sharing what trading platform you use/why you use it? I've been thinking about getting started on Robinhood because it's beginner-friendly, so I'm curious what you use :)
How did you decide which investment company to go with? (Vanguard/Fidelity/Schwab/etc.) Can you make a video on how to choose one that is best suited for your needs?
For Retirement investing, go with either Fidelity, Charles Schwab, E-Trade, or M1 Finance.
Day trading TD Ameritrade, Webull, or Fidelity.
Option trading TD Ameritrade, Tastyworks, Charles Schwab, or E-Trade.
Dividend investing M1 Finance, Fidelity, or Robinhood because of the ability to purchase fractional shares.
Thank you for the thorough and thoughtful breakdown sis!
I've been thinking about streamlining my investment strategy and re-vamping it to meet my current goals.
As someone who's been investing since I was 15 years old, I'm VERY interested in making my money work for me. I'll definetily be implementing some of the tips you provided.
So thrilled to see a fellow young Nigerian using their money wisely. Keep up the great work!
How there I am fifteen and really want to start investing although I dont have a bank account and my parents say I am under legal age. I love in Ireland but do suggest opening a joint account with them or how did u open one at that age and where did u go from there. If it's not too much trouble to ask
@@derica818 My father helped me set up a TFSA (Tax Free Savings Account) when I was fifteen. Every dollar I made working paper routes and odd jobs, I put in there. Though he didn't contribute monitarily, he taught me the value of saving from and early age and I continued as an adult.
Ask your parents if the can co-sign an account for you- either a regular bank account with decent interest rates or an investment account, specifically.
Hope that helps. :)
This video breaks down word for word my whole investment strategy and how I view investing! Thanks for putting it together in a short video format
Just found your channel! I love it! Thank you so much for sharing this information. I’m also Nigerian American so watching your videos makes learning personal finance so much more relatable. 💗
I have a feeling you're more into personal finance, at least for this channel. But I'm already well versed on that topic and I'm here for coding. Wonder if you're interesting in blending the two here or will do a separate coding channel?
I'm equally interested in both! This is what I'm trying to figure out, how to balance doing both or whether to have a create a separate channel for personal finance & other content! For the next couple of videos, I will be doing coding/tech content!
Thanks for letting me know how you feel!
@@Bukola1 I suggest do a few more videos on both and see the data on what people like more. Also see if the views come mostly from subscribers or nonsubscribers and then decide if 2 channels make sense. You provide great content on both. Just personally, I want coding stuff :D Good luck!
I don't know where I should start when it comes to investing, and personal finance in general. I want to read more about it from good sources. Any recommendations you have for self study would be appreciated 🙏🏿
I have some investing books in the description box check them out here: kit.co/TheComeUp/personal-finance-books
@@Bukola1 thank you 👍🏿😊
Try a 3-fund portfolio in a Roth IRA (tax free gains). If you make more than $124k per year, you will not be eligible for a Roth IRA. I highly recommend using Fidelity for a Roth IRA.
www.bogleheads.org/wiki/Three-fund_portfolio
One thing I don't understand: how does it track the index?
For example, if today I buy 1000$ of an index fund that tracks the S&P 500,
does it translate today's index in percentage;
then it allocates the money accordingly? If today's best company is 20%,
it uses 20% of 1000$ to buy in that company's share. If the worst company is 1%,
it only uses 1% of 1000$ ? Then the next day, the index changes. Does the stock distribution change again ?
I would like to see the distribution of stocks you guys see in your Vanguard account.
Thank you for this video!! Do you have any book recomendations one can get in order to educate or look more into? Thanks again!
What are your thoughts on robo-advising? Also what particular broker do you use to purchase your index funds?
This was a great video! Do you recommend the 3 index fund strategy for retirement funds strictly or can they be used for regular investment portfolios as well?
I use it for my regular investment portfolio as well!
Could you make a video buying stock? Let's say I want to acquire some AMD shares. Where to go, how to actually do it hands-on? Thanks for this video anyway!
You can do it on Robinhood or m1finance. But don't jump into buying any single stock until you understand her video. Index funds beat people who try to stock pick on a routine basis. Look up, "Marginal Revolution University, Efficient Market Hypothesis" on youtube.
Go with Fidelity. However, Index mutual funds or ETFs beat individual stock picks most of the time. The exception are blue chip stocks or soon to be blue chip stocks (Tesla).
I was just looking for something like this. Thank you
Glad I could help!
Love this! I’ve just started investing and your advice was really helpful.
Thank you!!
what broker do you use to buy index funds?
Great video! ❤️I have been wanting to do this but can’t decide on which broker should I use, could you recommend one please 🙏🏻
Hey great video I’m only 15 but I’m trying to learn about how to save money once I finish college :)
Thank you for this video I was trying to decide which bond to invest in and I was considering BND. After watching I may consider BLV
Please make more videos on how to start to invest. I watch you're videos because I also want to be a software engineer. Your videos are extremely helpful
how do we actually invest in index funds where do we start what app bank do you use?
Hi Bukola,
• Why do you consider your Ellevest portfolio experimental? I use Ellevest and would love your perspective 🙏🏾
• Who manages your 3 fund portfolio? I want to copy lol.
-I like Ellevest, but the portfolio they created for me followed mostly the 3-fund portfolio strategy but with higher fees lol
-I manage the portfolio! Since I'm not actively trading, it's not hard to manage it I just rebalance it once a year!
💡Smart lady. Thank you so much!
I know you said investing in multiple companies is a lower risk of losing money, but how much do you invest if you don’t mind me asking. I’m living pay check to pay check and getting a second job is out of the question because of school. I can’t drop out because that’ll be another payment coming out of me considering my job is paying a majority of my schooling for me. Besides paying off my car, I have no debt. Refuse to get a credit card at all to avoid more payments coming out of me. But I’m just wondering what advise you would give to someone who makes 34g a year and how much would investing start at. I can’t read about it because it doesn’t stick to me and info overload just discourages me even if I take notes.
A big part of investing is information really. On top of fundamental nor Technical analysis, which makes the difference between successful and average investors is having the best insights, insider information. You don't need to predict the future if you know who makes the future. Many information streams are mentioning the coming crash of the banking system or the disappearance of fiat currencies, how will this affect the market in a few months, years from now?
I would suggest you look deeply at the crypto-currency market too, based on your age and your long term plan, that's where you want to be. Wish you all the success.
This is so helpful! I’ve been scared to get into investing and your strategy makes it seem so achievable and smart
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What do you think of robo advisors in general? I guess they have a higher fee than index funds but I think still fairly low usually. To be honest I'm not sure what the data/evidence is exactly on performance between robo advisors vs index funds (though I get that it will depend on the person and the fund/advisor/broker).
Thank you for being so open about your investment strategies! As someone who’s just starting to look into the stock market, this video is a great introduction.
Thank you Bukola for this video! 👌🏽
Please what app do you use for your Index Fund investments.
Yes ma’am 👏! I started investing a couple weeks ago... and it’s daunting. One step at a time 😪
@Hazetbafoon For people that don’t know, this video is half correct and half inaccurate. The Greeks matter a lot too and not just delta and theta. Greeks all together will give you a clue of the worth of the risk, not to mention spreads, volatility, open interests & volume. those all dictate how liquid the option is for you to get in and out without having a big spread which can lead you to a guaranteed loss. my advice to beginners, dont take these strategy videos seriously, get a good professional to help you. you can make great profits fast, but you can lose it all even faster w h a t s a p +4 3 6 8 8 6 4 8 9 6 8 8 6
Thank you for the information. But how to invest? There are so many companies advertising, it's confusing
What kind of apps do you use to manage your portfolio/start investing?
Yes yes yes! Loved this. I just moved most of my money into index funds.
I’m wondering if you have an opinion on dollar cost averaging? I’d love to hear your thoughts on it!
Hey what do u think about using ETORO?
Thanks for being on CNBC. I wouldn’t have found your channel otherwise, new sub for support. Happy to be here 🙏🏾
This only applies to US right? If i'm from South America and want to invest in an Index Fund from Vanguard, is this possible?
Can you do a video on how to invest on the 3 funds you mentioned. I’m a complete noob to vanguard
My question is that these indexes are expensive. Let's say the Vanguard s&p500 is 432.05 usd per share now and I choose to buy 4 units almost 2k. Does this mean I just keep buying more and more when I get money tore rive a gain?
Great video. Do you use a Roth IRA or taxable brokerage account?
@Lalisa M 90% of trader's fail- why? Because they give up, it takes a lot of time, patient and experience to become a profitable trader, I will advice any new bie or those having tough times to seek guidance from a pro trader's and more then see how your Trading goals will be achieved.. w h a t s a p +4 3 6 8 8 6 4 8 9 6 8 8 6
Those money managers don’t beat the market because they make decisions based on inefficient values. If you learn the skill of investing correctly from the ground up you can beat the market. What do you think?
Super helpful video! Do you have all three funds in each of your investment accounts (IRA, 401k, HSA, brokerage, etc.) or do you split the three funds between each account (US Stocks in 401k, Foreign stocks in IRA, etc.)?
Great video for beginners! But I’m curious,why don’t you diversify your risk globally with world wide index funds? Greetings from Europe 💕
Over a 100k subbies in less than a year!?! Ooweee sis we love to see it!!
would absolutely love a video about your opinion on Elle Vest and why it is only experimental for you❤
Great video. I am 22 & studying Computational and Data Science. I want one little fund to start in college, like $50 a month. Thanks!! I love your videos.
Hi Bukola,
Love this video, but I'm iin UK... And want to do the same what you are doing in the UK. Could you please give me an idea. Many thanks
Thanks for this - investing can seem a little daunting thanks to all the jargon and whatnot, but you broke it down so well~~
lol "I say that with my whole chest". I really want to get into index fund once my loans are paid off :)
Really appreciate this video! The push I needed to actually get started investing.
What platform do you use to manage your investments?
How much do you invest per month?
This was a great primer for anyone interested in market investments. Your point about timing the market is spot-on! My age doesn't make me wiser about the economy, but my living through various economic periods gives me more insight. Such an educational gem of a video!
Hello! So I'm almost 28 and I just started my Roth IRA with Fidelity and looking to start investing in a few Index Funds for retirement. I have been doing lots of youtube research and have heard that Target Date Mutual Funds are much easier because they automatically rebalance your portfolio for you. But due to the high expense ratio and paying 1% on top of that to the agent doing this for you, I wanted to avoid it. What is your general process of "rebalancing" your portfolio?
You picked the actively managed target date funds. You need to pick the Index target date funds. The expense ratio is below 0.15%
Hi. I love this video. Is your investment portfolio within a Roth IRA or traditional IRA?
more personal finance vids on investing in index funds please!!
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what brokerage do you use for investing?
Vanguard!
@@Bukola1 oh that makes sense since you have so many VT type stocks
I'd recommend the free CFA Investment Foundations course. It's free and it'll teach you the very basics about the investment industry. You'll even get a certificate if you pass the exam, but honestly it's worth doing the course just to gain a fundamental understanding of investing.
Would u be happy sharing how much you can make investing?
To invest in an S&P 500 like Vanguard would you suggest opening an account with them or do it through a brokerage?
I personally use Vanguard but you can use Fidelity or Robinhood to buy those funds!
Vanguard S&P 500 ETF (VOO)
Vanguard 500 Index Fund Admiral Shares (VFIAX)
If you want the *index* *fund,* purchase via a Vanguard account. If you want the ETF you can use Vanguard or any other brokerage.
@@Bukola1 thank you, I just opened up an account with Robinhood so that's good to know.