Hi Bob, looks like the free share window for the webull link expired on Nov 30. Do you have a new link for sign up? I was thinking of leveraging the referral bonus.
I started doing $5 a day in 2020. Upped it to $10 a day last year and started doing $50 a paycheck too, going to start $15 a day for the next year. I save for a good dip and buy $500 of something when it seems good a few times a year. I hit big on a few things and its been fun to watch the money grow. Compound interest and dividends are the only way to not work your life away until your too old to enjoy it. This method works and it works well, everyone should be doing this.
Started doing the 5 dollar day challenge about 3 months ago 🤯 I didn’t even realize how much it grew granted it’s a small amount but just the thought of not even thinking about it and just doing it makes a HUGE difference
doing 20 dollars a day in my ROTH IRA, hoping to bump it up to 25 and max it out for 2024! Started back in august after watching one of your videos. Currently up about 8ish percent +200 dollars, and I know the market will go up and down but the main takeaway from these videos is to keep a consistent strategy and stay in the market.
I've been investing 6 months. Been doing the daily challenge. $4 a day in SCHD I have 4.7 shares now up 4.46%. $2 a day in VOO I have 0.71 shares now up 4.26%
As a college student you inspired me to get in the game even with just a little so that once I get the degree and am making real money I can have a start on my portfolio! Thanks Bob!
Found your video last January and did the $5 challenge into VUG. Also did $25 in to BTC and $25 in ETH. Huge gains over the last year. I have 3 other brokerage accounts with less risky investments. So this account is just a fun challenge. For 2024 I’m going to increase to $10 a day and keep going with my crypto DCA. It will be fun to see where this account sits in 5 years.
You showed the gains, which was good. I think it would be even more impactful to also show a graph over time of just how much is in the account because just saving 5 bucks a day without any interest or investment gains will build up quite a bit. I think the other thing to show in the future would be what the account looks like after 10 and 20 years. Someone starting this when they are 16 at their first job will have quite a pretty penny saved by the time they are 26.
I’ve started doing this, this year but £3 a day for now into the s&p500 so I’m looking forward to growing it slowly and I’m only in my mid 20s so if I do it for 20 years and maybe add more and more little by little it’ll grow a lot!
When I was in school, we peons didn't have access to the brokers. I didn't get to deal with a broker until I was in my mid 30s. Even them it was like 5K minimums to get in and trades cost you. Now I have webull and Robinhood with daily buys on auto and If I were 18 again I'd be all over this. Its been working well and I thank you for this brilliant idea. I also do 1.00/day into etherium now for humour value, lol.
Yeah you're right - that is a good point on the old days of minimum trades, expensive commissions, and a very high barrier to entry. Those who are younger now really have an amazing advantage!
What is missing here is the impact on your taxes, which depends from country to country (a lot). In some countries, it's way better to be in debt, in others it's better not to be.
Even though I'm frugal and I invest in roth and traditional IRA, your vid gave me a very doable, and realistic idea here. Thanks for doing this. This will help me out and I'm sure it'll help out a bunch of other folks a whole lot as well.
I've been following this challenge since August of last year and was inspired to open a Roth IRA and start investing daily that same month. So far, my portfolio is up 8.16% after 5 months with all of my investments being in the green. Not only am I making money for my future, but the challenge also helped me to spend less on unnecessary purchases and invest the money instead.
Compounding truly is the 8th wonder of the world. The yearly return on $VOO since january 2018 is 13%. With 5 Dollars a day and daily compounding that would be approx $16.9k. Take the same historical yearly return and give it another 6 years and your investment is now close to 54k! A small sacrifice of $5 a day can spiral into quite a decent chunk of money!
Glad to be back at it! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
I used the Pythagorean theorem in construction to build anything that required a 90-degree angle, i.e., foundations, stairs, walls, roofs and all kinds of other stuff... other than that, I have no use for it.
I should document what i just started doing. Im investing $274 a day over the next 4 years. That is $100,000 per year. Im splitting it 3 ways. VOO, SCHD, and VGT. It ought to come out pretty well. I just started this week 😊
That's awesome! For others who make less, the formula to 100,000 is 1041.00 per month, for 96 months. 8 years. About 260 per week. Actually less time because the profits and compounding will get you there much faster.
I did 200 bucks a week and ended the year with 10.8k plus the dividend I think I'm gonna start another portfolio in my Roth with 10 bucks a day for this year
Hey Bob, I loved this video, your last year video inspired me and I now invest $50/day into the stock market on a recurring basis on top other tax free funds!
I have told my friends about this $5 a day and I usually get a dumb look from them. Personally I have been doing $35 a day for almost 3 years now. 2022 was ugly but 2023 made up for that. Hopeful for another 25% return😂
I started $4 a day in BTC Nov 2022. So far I'm up over 60% on my money. All I had to do was stop eating out for lunch everyday. Just goes to show how a little saving can really go a long way.
Thanks, Bob I have been watching for this update. I'm trying to get my son involved with investing because he is 28 years old. I wish someone would have sat me down when I was that age and said hey kid pay yourself first.
At least 24% of the gains of the total stock market has been attributed to the top 10 holdings alone, which are big tech companies. Exactly one year ago, if you had invest say $5000 into TSLA when it was a price of $113 roughly per share, today you would have doubled your investment = $10,504. This means the wealthiest people got much wealthier last year.
When you automate the purchase, does it purchase the stock at the begining of the day every day? or mid day? or end of day? or when you initially started the automation?
I understand the modified "avoiding lifestyle creep" concept... Just wish the GF would put $5.00 into the stash jar every time I make her a morning cup of homemade S-Bucks... ::sighs:: Instead, I informed her to NOT expect an improvement of our social lives when "my pensions" started because I wanted to put away 3 years of income/benefits first. Two years and roughly 3 weeks later I have a 13.8K account with Charles Schwab and a 12.5K C D Ladder (already had10K) as part of my Emergency Fund
I watched your other video $5 a day vs. monthly investment. Currently doing monthly and quarterly. Now, will do the $5 a day challenge for all my investments and let it ride the 25 years I have until I retire!
According to portfolio visualizor. If you started with 7 dollars a day in 2015 and contribute 1827 since 2015 which is the 5 dollars a day. You would have 30,725 dollars.
With Crypto’s you just have to understand the bull and bear markets understand when you need to accumulate and understand when the halving is, not to mention major news like BTC ETF and take your investments out once they’ve reached peak. Bit more hands on but more returns, but great to work in conjunction with investing in stocks.
Very interesting video. What would happen if you skip a day do you have the choice to do that? Do you automatically do bank transfers? What is uninvested cash?
Hey Bob! Ive been following this journey of yours ever since i found it around the 6 month mark. I recently started this journey on my own with a little less because of financial status but hopefully I can see some good results in the future! I love the videos but I would appreciate it if you could also include the profit from the previous month or year… just something for reference to see how much your profits/losses changed within the video. Keep up the amazing work and Happy New Year!
I’m a newbie. I just started watching your channel. I want to try $10 per day.I have a question for you. Do I need to wait for the price to drop? Or I can do it now? The price is so high right now
That's a great question. When I started in January 2022 the prices were pretty high since we just came off of the 2021 stock market highs....but I decided to stay consistent and just get started with $5 a day. I'll say that the first year of 2022 my portfolio looked awful. I was down $300 in Stocks and probably right around the same amount for crypto. So last year people were laughing at the portfolio. But I kept going and then the results you see today are from that. So I'd suggest considering a plan and sticking with it, even if it looks wild one way or the other.
If like to start this for my daughter currently attending college. How and where would I start this challenge. Trying to give her a better chance than what I had in my 20s, 30s, and 40s.
Hey Bob-love the video info! Yes. But what could you do if you only have one broke acctt with ML Edge? Is it worth it to have an additional broke account with Weebull? What makes sense?
Hey Bob! Do you mainly use Robinhood over Webull? Just wondering as I am retired, but want to start a challenge in my Robinhood or Webull account. I may do each one. I put aside all my 2% cash rewards from my credit card and have been doing a 52 Weekly Challenge this year starting with $1.00 first week, $2.00 second week until I hit $52 for the last week of the year. Will start it again in 2025 and continue with my cash rewards going into a separate account.
My only challenge with trying that is if one of them falls off and the company goes down, you have to figure out your M1 pie. With VOO, the index automatically adjusts the holdings for you with no worry. For example, years ago Cisco and Exxon Mobil were big players in the S&P 500. When they went down and the likes of Apple and Tesla started rising up, VOO adjusted....but for the M1 Pie, i'd have to remove it from the pie just in time without losing a good chunk of my money
I started doing this a couple of years ago. $10 a day, and I buy major tech stocks (Apple, NVDIA, Google, etc) and into an SNP500 ETF, today im looking at close to 40% ROI … does that sound right??? Almost too good to be true… I am planning to stay in the long term plan for at least 10 years
Awesome! As for shib, it lost a 0 in December but gained it back recently. I really want to see some good productivity out of the devs on shibarium and the burn rate. Less supply should help us drive up that cost!
You inspired me to do this challenge but I have a question tho is it smart for me to invest $5 everyday with my checking account I just turn 18 and i’m kinda new to do this so yeah any advice would help 🙏
Great job as always! Ive been doing similar to this back from Aug 22 after seeing your video just swapped VOO with US SMALL CAP as Voo is already part of my FIRE portfolio. Lately what I am also doing is waterfalling the dividends i get every month into Bitcoin as a wild card. Same thing got this idea after watching your video regarding DRIP and Waterfall effect. Will see how it goes :)
Uninvested cash is the money I transferred from my bank account into the app. So it's sitting there waiting to be invested. I do it this way so the app automatically takes out $5 each day into both of the funds (instead of tapping into my bank account each day, which would be annoying for me to balance each month I review my statements)
For me personally I do this in a regular account since I max out my Roth IRA each year. BUT, if you have room to invest in your Roth IRA, that is definitely something to consider, since it's all tax free growth
I think next time you should also mention that buying crypto costs a fee. I am sure most know but a few might not about this fee. Makes you wonder how much in fees did you pay agter 2 years
As the other two comments mentioned, there are no fees (or gas fees) for the crypto. There is a spread of course which happens on any market order via stock market or crypto.
Instant follow when you said " pythagorus theorum " i sau the same thing ive never used this & i never will its a joke the subjects i got taught in school
yeah.. pretty freaking pissed i stayed up nights, got Tudors, and stressed myself into high heavens to solve for f*cking Y... and i am clueless about investing
Seems like it's not much, but if you extrapolated that out longer & x10 it, then it starts making sense to do. Doesn't make sense to do in my country, if we invest in US stocks we have to pay taxes on all profits, which basically k*lls it, you could make as much just having a savings account
I'm starting a job in two weeks with full time hours so I'm really happy to get started investing more into my account again, I have shigh of 2k, and I plan to save to at least 100k
$5 after 2 years. What will January 2025 bring?? Only time (and consistency) will tell!
Check out the Webull app: ► sweetlifesuccess.com/go/webull
Hi Bob, looks like the free share window for the webull link expired on Nov 30. Do you have a new link for sign up? I was thinking of leveraging the referral bonus.
2015-01-01 till 2024-01-01 5 dollar a day wil be around 12.300 dollar invested and would have been worth 2.1 million
@@fatalityish hello! The link should now be updated !
@@CryptoFocus wow!!!!!!
Thank you for explaining and adding content. 💜
I started doing $5 a day in 2020. Upped it to $10 a day last year and started doing $50 a paycheck too, going to start $15 a day for the next year. I save for a good dip and buy $500 of something when it seems good a few times a year. I hit big on a few things and its been fun to watch the money grow. Compound interest and dividends are the only way to not work your life away until your too old to enjoy it. This method works and it works well, everyone should be doing this.
Started doing the 5 dollar day challenge about 3 months ago 🤯 I didn’t even realize how much it grew granted it’s a small amount but just the thought of not even thinking about it and just doing it makes a HUGE difference
Nice!!!
Can you tell is your current numbers
Yes automation is key…I’ve noticed when you take the thought process out of the equation it’s easy…just a waiting game
The thought of not even thinking about it?
doing 20 dollars a day in my ROTH IRA, hoping to bump it up to 25 and max it out for 2024! Started back in august after watching one of your videos. Currently up about 8ish percent +200 dollars, and I know the market will go up and down but the main takeaway from these videos is to keep a consistent strategy and stay in the market.
And in a Roth IRA - that's on point!! Tax free growth for the future!!
I've been investing 6 months. Been doing the daily challenge.
$4 a day in SCHD I have 4.7 shares now up 4.46%.
$2 a day in VOO I have 0.71 shares now up 4.26%
As a college student you inspired me to get in the game even with just a little so that once I get the degree and am making real money I can have a start on my portfolio! Thanks Bob!
That's awesome! Keep me posted on your journey!
Most investors need to sit tight n get on with life, let the money work!
Thank you so much I saw your video last year and invested in an index fund and ended up 25% up for the year and was able to save a good chunk of cash
Found your video last January and did the $5 challenge into VUG. Also did $25 in to BTC and $25 in ETH. Huge gains over the last year. I have 3 other brokerage accounts with less risky investments. So this account is just a fun challenge. For 2024 I’m going to increase to $10 a day and keep going with my crypto DCA. It will be fun to see where this account sits in 5 years.
Let’s keep it going for every year if possible, great video btw
You showed the gains, which was good. I think it would be even more impactful to also show a graph over time of just how much is in the account because just saving 5 bucks a day without any interest or investment gains will build up quite a bit. I think the other thing to show in the future would be what the account looks like after 10 and 20 years. Someone starting this when they are 16 at their first job will have quite a pretty penny saved by the time they are 26.
Fantastic idea! Great video 🎉
Thank you!! 😊
I’ve started doing this, this year but £3 a day for now into the s&p500 so I’m looking forward to growing it slowly and I’m only in my mid 20s so if I do it for 20 years and maybe add more and more little by little it’ll grow a lot!
how much u did make
@@vanci2039 nothing yet as I’ve just started
This is the most practical thing I’ve seen for a while. Thanks!!
I do believe you are my new Stock Guy! I’m going to try my best to get my $5 a day going. Wish me luck 🍀
Awesome! Keep me posted on your journey!!
When I was in school, we peons didn't have access to the brokers. I didn't get to deal with a broker until I was in my mid 30s. Even them it was like 5K minimums to get in and trades cost you. Now I have webull and Robinhood with daily buys on auto and If I were 18 again I'd be all over this. Its been working well and I thank you for this brilliant idea. I also do 1.00/day into etherium now for humour value, lol.
With humor value, i do $1 in etherium, bitcoin, xlm, shib, and dodge.....
Yeah you're right - that is a good point on the old days of minimum trades, expensive commissions, and a very high barrier to entry. Those who are younger now really have an amazing advantage!
@@BobSharpe Now if we could only manage to get them the ability to use it.
Can you make a video on three fund portfolio, investing $5 to each fund and show potential returns on them. Thanks
Yes, it would be great to see it on a bogelhead portfolio.
Robinhood actually do offer 5% interest on uninvested cash. It was 3% then went to 5% after the last rate hike last year.
True but I’m pretty sure you have to have Robinhood gold
Yes! But that involves paying for their Robinhood Gold service, whereas Webull offers it without having to pay for a service
Wealthfront offers 5 percent on cash account. Let's you keep it on a card. So u can choose to spend it if u wish.
@@Chrisx1992 nice!!
What is missing here is the impact on your taxes, which depends from country to country (a lot). In some countries, it's way better to be in debt, in others it's better not to be.
Even though I'm frugal and I invest in roth and traditional IRA, your vid gave me a very doable, and realistic idea here. Thanks for doing this. This will help me out and I'm sure it'll help out a bunch of other folks a whole lot as well.
I've been following this challenge since August of last year and was inspired to open a Roth IRA and start investing daily that same month. So far, my portfolio is up 8.16% after 5 months with all of my investments being in the green. Not only am I making money for my future, but the challenge also helped me to spend less on unnecessary purchases and invest the money instead.
That's awesome, congratulations!!
Thank you for this video I was hoping for an update from you Sir.
More to come too! Here’s to a strong 2024!!
Compounding truly is the 8th wonder of the world. The yearly return on $VOO since january 2018 is 13%. With 5 Dollars a day and daily compounding that would be approx $16.9k. Take the same historical yearly return and give it another 6 years and your investment is now close to 54k! A small sacrifice of $5 a day can spiral into quite a decent chunk of money!
That's so awesome!!
you inspired me!!! love the content
Awesome! Thank you!
I'm going to start doing this, too. I can't wait.
Nice! Keep me posted on your journey
@BobSharpe Thank you. I will do it!!
I couldn’t wait for this update!
Glad to be back at it! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
This is amazing encouraging experience i don't like to see TH-camrs only showing 6 figures portfolios
They want views so the bigger and more extreme the better… yeah but they must know that makes them a minority!
I used the Pythagorean theorem in construction to build anything that required a 90-degree angle, i.e., foundations, stairs, walls, roofs and all kinds of other stuff... other than that, I have no use for it.
That's a fair use of the Pythagorean theorem!
I should document what i just started doing. Im investing $274 a day over the next 4 years. That is $100,000 per year. Im splitting it 3 ways. VOO, SCHD, and VGT. It ought to come out pretty well. I just started this week 😊
How Much you made?
That's awesome! For others who make less, the formula to 100,000 is 1041.00 per month, for 96 months. 8 years. About 260 per week. Actually less time because the profits and compounding will get you there much faster.
I did 200 bucks a week and ended the year with 10.8k plus the dividend I think I'm gonna start another portfolio in my Roth with 10 bucks a day for this year
What investments? VOO?
Hey Bob, I loved this video, your last year video inspired me and I now invest $50/day into the stock market on a recurring basis on top other tax free funds!
Sounds great!
thanks for this video! subbed
Thanks for the sub!
I have told my friends about this $5 a day and I usually get a dumb look from them. Personally I have been doing $35 a day for almost 3 years now. 2022 was ugly but 2023 made up for that. Hopeful for another 25% return😂
Haha they will have even dumber looks when they see your portfolio 5, 10, 20 years from now!
What platform do you use?
I started $4 a day in BTC Nov 2022. So far I'm up over 60% on my money. All I had to do was stop eating out for lunch everyday. Just goes to show how a little saving can really go a long way.
Amazing!!! Congrats on that 60%!!
Thanks Big Bob
Thank YOU!
Thanks, Bob I have been watching for this update. I'm trying to get my son involved with investing because he is 28 years old. I wish someone would have sat me down when I was that age and said hey kid pay yourself first.
Really cool video. I really appreciate your content
I appreciate that!
I am going to start this challenge but as a college student I'll be doing 5$ a week
Every little bit counts - that is awesome!
At least 24% of the gains of the total stock market has been attributed to the top 10 holdings alone, which are big tech companies. Exactly one year ago, if you had invest say $5000 into TSLA when it was a price of $113 roughly per share, today you would have doubled your investment = $10,504. This means the wealthiest people got much wealthier last year.
I’m joining. I already have some Crypto, so I will start with the stocks as soon as I figure it out.
Sounds good. I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
Nice video! I'm DCA-ing monthly into VOO and ETH.
Nice!
How much did you pay on fees for doing a buy every single day??? I do trades every single month and dollar cost avg that way.
Well done! Point taken. Subscribed.
Love these videos!
So glad! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
When you automate the purchase, does it purchase the stock at the begining of the day every day? or mid day? or end of day? or when you initially started the automation?
Great question! It’s the time you initially started. Mine was 1:32pm (EST). So each day around 1:32-1:35pm the order is placed
historically speaking, do you think that would be better at opening of the day or close of the day? @@BobSharpe
Great question but doesn’t seem to make a huge difference when looking long term
I understand the modified "avoiding lifestyle creep" concept... Just wish the GF would put $5.00 into the stash jar every time I make her a morning cup of homemade S-Bucks... ::sighs:: Instead, I informed her to NOT expect an improvement of our social lives when "my pensions" started because I wanted to put away 3 years of income/benefits first. Two years and roughly 3 weeks later I have a 13.8K account with Charles Schwab and a 12.5K C D Ladder (already had10K) as part of my Emergency Fund
I watched your other video $5 a day vs. monthly investment. Currently doing monthly and quarterly. Now, will do the $5 a day challenge for all my investments and let it ride the 25 years I have until I retire!
Glad I came to this. I’m going to do $5 challenge but I’ll put it on TQQQ. See you next year!
Thank you for watching and for your support! I'm excited to see how your $5 challenge on TQQQ turns out. See you next year!
According to portfolio visualizor. If you started with 7 dollars a day in 2015 and contribute 1827 since 2015 which is the 5 dollars a day. You would have 30,725 dollars.
If my calculation is correct in 9 years that would be enough to buy a brand new camry.
Keep in mind this is based on past performance of the sp500
Please do update every few months really interested in this
Robinhood gold has 5.25% interest on uninvested cash btw
Yes they do, I just don’t like having to pay for the upgrade service
What you using to invest
Love this segment. Keep it up!
Thanks! Will do! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
Thanks so much for your expernation am interested. Am understand gradually
This was a fire video. Gives us 30 year old hope. I would add a drip on the dividend stocks.
Nice video! I do have a question… what’s the difference between doing DCA monthly vs doing it daily? Thanks !
I got you covered with this video: th-cam.com/video/hkB92CVI-6A/w-d-xo.htmlsi=QJeB9WSRJi6aSouR
with the taxes and fees included, is it better to invest daily or weekly(or monthly) investing instead?
So crazy how fast mine portfolio grew to! Thanks for the tips! 🎉
Very informative!
With Crypto’s you just have to understand the bull and bear markets understand when you need to accumulate and understand when the halving is, not to mention major news like BTC ETF and take your investments out once they’ve reached peak. Bit more hands on but more returns, but great to work in conjunction with investing in stocks.
Thanks for sharing
Thanks for watching!
Very interesting video. What would happen if you skip a day do you have the choice to do that? Do you automatically do bank transfers? What is uninvested cash?
2 years, damn time flies
I know!!
Hey Bob! Ive been following this journey of yours ever since i found it around the 6 month mark. I recently started this journey on my own with a little less because of financial status but hopefully I can see some good results in the future! I love the videos but I would appreciate it if you could also include the profit from the previous month or year… just something for reference to see how much your profits/losses changed within the video. Keep up the amazing work and Happy New Year!
Do you do only Roth IRA or brokerage tax account?
I’m a newbie. I just started watching your channel. I want to try $10 per day.I have a question for you. Do I need to wait for the price to drop? Or I can do it now? The price is so high right now
That's a great question. When I started in January 2022 the prices were pretty high since we just came off of the 2021 stock market highs....but I decided to stay consistent and just get started with $5 a day. I'll say that the first year of 2022 my portfolio looked awful. I was down $300 in Stocks and probably right around the same amount for crypto. So last year people were laughing at the portfolio. But I kept going and then the results you see today are from that. So I'd suggest considering a plan and sticking with it, even if it looks wild one way or the other.
If like to start this for my daughter currently attending college. How and where would I start this challenge. Trying to give her a better chance than what I had in my 20s, 30s, and 40s.
Very informative
Glad you liked it!
Great video
My man quoted hodge twins 😂- all kinds of gainZ bro haha
Haha yes!!! I was hoping someone would notice that - thank you!!
Hey Bob-love the video info! Yes. But what could you do if you only have one broke acctt with ML Edge? Is it worth it to have an additional broke account with Weebull? What makes sense?
What platform are you using for the ETF and Crypto?
Watched one of your other videos and started doing the $5 ‘a day’ thing back in August. Currently up 6.5%. Not bad and I like the idea of
how much u did make
@@vanci2039brother that is simple math 30 days a month times 5.5 months times 5 dollars a day times .065 . He’s made around $53 .
why would you not just drop $150 on the first of every month? I mean, who gets paid daily? wtf?
That's where this video comes in to play - what investing daily vs monthly may look like: th-cam.com/video/hkB92CVI-6A/w-d-xo.html
How do you get by the .99 cent fee if you invest in ethereum everyday?
great video!
what about brokerage fee/commission while 5$ is invested daily?
Hey Bob! Do you mainly use Robinhood over Webull? Just wondering as I am retired, but want to start a challenge in my Robinhood or Webull account. I may do each one. I put aside all my 2% cash rewards from my credit card and have been doing a 52 Weekly Challenge this year starting with $1.00 first week, $2.00 second week until I hit $52 for the last week of the year. Will start it again in 2025 and continue with my cash rewards going into a separate account.
I'd suggest M1. instead of investing in to the ETF you could create a Pie for those stocks and have the funds buy the pie slices.
My only challenge with trying that is if one of them falls off and the company goes down, you have to figure out your M1 pie. With VOO, the index automatically adjusts the holdings for you with no worry. For example, years ago Cisco and Exxon Mobil were big players in the S&P 500. When they went down and the likes of Apple and Tesla started rising up, VOO adjusted....but for the M1 Pie, i'd have to remove it from the pie just in time without losing a good chunk of my money
This is fuckin' awesome. Very eye opening. Anyone can do this.
Yes!!!
I started doing this a couple of years ago. $10 a day, and I buy major tech stocks (Apple, NVDIA, Google, etc) and into an SNP500 ETF, today im looking at close to 40% ROI … does that sound right??? Almost too good to be true… I am planning to stay in the long term plan for at least 10 years
I'll join you on the five dollar challenge Bob...lol , that are your thoughts on losing a zero on shib?
Awesome! As for shib, it lost a 0 in December but gained it back recently. I really want to see some good productivity out of the devs on shibarium and the burn rate. Less supply should help us drive up that cost!
Inspiring video - are you planning on increasing your daily investment amount or adding any investments?
Easy to talk about growth. How do you pick a stock if you are not educated about the stock market?
Bro is spending 5$ a day on coffee and im sitting here in Malaysia earning 5$ per week on a ricefarm 💀
Sarawak 😂😂😂😂😂😂
Yeah but coffee probably cost 15 cents there
You guys are so fortunate to have brokers that don't charge fees. My brokers charge a fee per transaction, so which makes this strategy unviable
You inspired me to do this challenge but I have a question tho is it smart for me to invest $5 everyday with my checking account I just turn 18 and i’m kinda new to do this so yeah any advice would help 🙏
Great job as always! Ive been doing similar to this back from Aug 22 after seeing your video just swapped VOO with US SMALL CAP as Voo is already part of my FIRE portfolio. Lately what I am also doing is waterfalling the dividends i get every month into Bitcoin as a wild card. Same thing got this idea after watching your video regarding DRIP and Waterfall effect. Will see how it goes :)
That is awesome! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
What platforms support daily investing?
Does Webull supports it? How to set it up in Webull?
So u earn back 5 dollars everyday or it depends the higher u pay ur stocks then everyday u get free cash more each day?
What does uninvested cash mean?
Uninvested cash is the money I transferred from my bank account into the app. So it's sitting there waiting to be invested. I do it this way so the app automatically takes out $5 each day into both of the funds (instead of tapping into my bank account each day, which would be annoying for me to balance each month I review my statements)
Hi, Do you invest in a roth IRA or just in a regular account?
For me personally I do this in a regular account since I max out my Roth IRA each year. BUT, if you have room to invest in your Roth IRA, that is definitely something to consider, since it's all tax free growth
Thank you Bob. I do put it in my Roth. I always wonder what the tax implications would be once I'm ready to use the money. @@BobSharpe
I think next time you should also mention that buying crypto costs a fee. I am sure most know but a few might not about this fee. Makes you wonder how much in fees did you pay agter 2 years
There is no fee if you buy crypto on Webull or Robinhood. I have bought almost a billion Shib on Webull and never paid a penny in fees.
No fee on crypto if you buy it on Robinhood. You don't actually own the Bitcoin on Robinhood, hence no fees.
As the other two comments mentioned, there are no fees (or gas fees) for the crypto. There is a spread of course which happens on any market order via stock market or crypto.
usually i dont invest this often meaning everyday. Usually i will just drop like 20k in one shot and redo it the next year.
smart man .. thanks
Instant follow when you said " pythagorus theorum " i sau the same thing ive never used this & i never will its a joke the subjects i got taught in school
Haha right?? I still don't know why we learn all of that stuff in school
Down 3% first year then up 13% the next… not bad at all! Would that be a 10% growth from Day one or 13%?
yeah.. pretty freaking pissed i stayed up nights, got Tudors, and stressed myself into high heavens to solve for f*cking Y... and i am clueless about investing
Same. Had a tutor for math for a few years and I always struggled. It was the worst.
Seems like it's not much, but if you extrapolated that out longer & x10 it, then it starts making sense to do. Doesn't make sense to do in my country, if we invest in US stocks we have to pay taxes on all profits, which basically k*lls it, you could make as much just having a savings account
I'm starting a job in two weeks with full time hours so I'm really happy to get started investing more into my account again, I have shigh of 2k, and I plan to save to at least 100k
I think Webull does not offer dividend reinvestment.
You're right until just recently...they finally got with the game! Here's the details: th-cam.com/video/Cm4eNbR3ZDg/w-d-xo.html
2015-01-01 till 2024-01-01 5 dollar a day wil be around 12.300 dollar invested and would have been worth 2.1 million