Don't forget to reinvest your dividends from your stocks, in many cases that's where most of the actual growth for stock investment came from. Your 100 shares may not increase in price at end of year but if you are gaining additional 5 shares just from dividends reinvesting it adds up and multiply.
@saitamatheonepunchman7685 no. What he's saying is.... let's say you have 25 shares of a stock that costs $5 each. Every mth, those 25 stocks earn you 0.20 each, a total of $5 in dividend earned, regardless of current stockprice. You now have an extra $5 profit, which you can use to buy 1 more of this $5 stock, bringing you to 26 shares now, with 0.20 dividend earnings each.... the following mth, you'll earn $5.20 in dividend......
I quit drinking over 2 years ago. It saves me more than $5 a day for sure since i used to drink Belgian Quads and nicer Scotch/Bourbons. I also use Keurig for my coffee, and I buy the bulk pack of K-Cups to keep my per cup cost down under .50 cents with creamer. I stopped eating fast food too, now that McDonald's is like $10-$12 for lunch. I've not had any fast food this year, I pack a sandwich and I eat for $3-$4 instead. I plan on setting up a nice dollar cost average S&P 500 plan during the next downturn/recession, because it's coming. I'd rather ride the market recovery up, than ride the recession down. Enter with a lump sum into an S&P index fund, then dollar cost average additional contributions.
Hahahahahaha..... I've had VOO for a while and I can tell you it's very good. I put in about $500. a month. It's been a great ride and I'm actually looking long term on this fund. Thanks
After Starbucks raised there prices, where we live 2 grandes with extra shots were running is $18 plus a tip. We opted to use our coffee maker, purchased some flavoring and coffee and haven’t looked back. We do buy a few a year when we visit friends out of town. It’s amazing how much it adds up, those drinks and subscriptions on the phone, etc. We’d rather invest in ourselves.
"we'd rather invest in ourselves" - we have a bingo .. That is exactly why I'm learning about the stock market in general , and how to be able to make my money do more for me .
I started investing $50 a day broken into 5 ETFs and $4 a day in BTC after watching your first video on this. At first I thought it was going to be too much for my budget, but I stopped buying lunch everyday and I'm able to afford it without too much sacrifice. Overall, I'm at break even but the dividends from the ETFs are helping offset the loss. I'm hoping that this habit continues and DCA eventually leads to bigger gains over time. Great follow up video!
Definitely needed this. I officially am at $100 a year on my Public investing app in dividend income. I think I'll do $2.50 a day into SCHD and $2.50 a day into Realty Income
IMO, if in a taxable brokerage acct, I would avoid REITs like O bc their returns our largely attributed to their dividends but their dividends are non-qualified so they get taxed at a much higher rate than stocks/etfs that pay qualified like SCHD, just in my option tho, dyod always
It's incredible that he highlights the flaw in this daily investing idea right at the start but doesn't make the link. Typically any year with a downwards trajectory benefits most from cost averaging by frequent investing because you're buying at ever lower increments throughout the year. But on an average year the market climbs and therefore investing earlier would be better.
5 dollars a day from 25 to 65 in basic index funds inside a Roth IRA will 1.1 million dollars , or 44000 a year tax free with cost of living raises every year in retirement .
I just started that also.. apple and Google 5 each everyday... ima also buy 100 shares of each to sell calls and use that money to keep buying shares with the premiums
wow i did the same thing lol. $20 a day in recurring investments (mon-fri). i’ll be honest, this is probably the best thing i’ve ever done with investing, mainly because it forced me to budget around the recurring investment. I actually started off with $10 and increased to 20, now i’m thinking about increasing to 30 😅, but this has been a great tool to get me to invest more rather than spending money at starbucks, whataburger, mcdonald’s, or amazon 😂
Every Friday I invest $20 into stocks! Hope to increase in the future but hey gotta invest what you can just invest people in your future. Don't look back in 20 years with regrets!!
Thank you. Sharing this with my son. He has a Sonic habit vs. Starbucks, but same daily expense. He recently signed up with RH at my badgering and I've been trying to explain all of this to him. Maybe he'll listen to you. =)
Question do you have any recommendations for a good dividend portfolio? I want to start one here in the new year. I am a newbie and want to know what would be more smart buying ETFs? Individual stocks, reits? Or a mixture of both. Also how many do I need in my portfolio? I plan on putting in a couple grand to start than continue to put money in monthly. Any help would be greatly appreciated
@Leonardo Vlado I really needed to hear this and by the way I did lookup Donald Ben Taylor and I must say I am more than impressed with his achievements, exactly what I have been looking for since I don’t have much time to myself, its better an FA handles things on my behalf.
@@legumessaudavel Not ignoring you, but know better than to provide anyone outside family with any financial advice (picks or portfolio). At 59, I'm in my end game. All my work is done unless I want to keep things rolling. I primarily watch these videos in order to pass them on to our son and I do learn new things from time to time. The best things you can do is start early, peg your lifestyle at a comfortable income level, and invest the rest as your income increases along with your value to the places you work. Never miss your monthly investments, and check your progress every month to keep yourself motivated. Nothing sweeter than looking at decades of spreadsheets and seeing how you've progressed on your financial independence journey. What gets measured, gets accomplished. Find a solid tax planner early in your journey as taxes become a burden after a couple decades of investing. You may find your primary job ends up paying for your annual investment returns if you have a mix of retirement and outside investment accounts. Make it fun for yourself to invest and it will feel like less of a grind.
Bob, I currently have Robinhood and I did not know that this feature was on the app. I currently hold positions in Intel and Duke energy. I now have it set up to come out of the brokerage account Monday through Friday at five dollars a day on the two stocks I mentioned above thank you.
I love this and DCA everyday on what I'm overweight in. I used to do the auto deposit however I stopped when I couldn't guarantee at what time my deposit would go thru. I like to control the time I deposit and buy daily. Love your video. New subscriber here.
@Check Mate I invest everyday in a round of stocks always looking to DCA down. I increase my deposits monthly. I am never good at timing the market so long term and DCA mindset works for me.
@@TheGoldnDog sorry, I didn’t mean to reply to your comment. I thought I was posting that in the main comment section. Lol, I wondered where my comment went.
You have inspired me to do a brokerage transfer of $35 a week, not direct into anything. I think the auto trades happen at open. I'll just track open price for everything I'm interested in and not buy when it's above my average and buy when it's below. Thanks!
Using your $5 a day investing tip, would you recommend investing daily into one ETF “VOO” with all $5 or splitting that $5 up, say $3 into VOO and $2 SPY a day?
This is awesome because I definitely don’t have thousand or even hundreds of dollars to invest every month . I just started buying stocks so I’m definitely learning . This video is great
Right now I’m invested in 5 different stocks, Apple, Tesla, Microsoft, Amazon, and Ford. I wait for pay day and get 30$ out and split it 5 ways everytime. So far only have about 90$ invested.
I'm new. Have no clue what to do. Everyone told me all my life that the stock market is like gambling. You can lose more than you earn. I live on social security disability.
What a great idea. I except your $5.00/a day challenge. The stock that I will choose is SBUX. I really you simple, everyman idea of getting into the stock market. Do you have a video for dividend investing?
Don't invest in the voo just select between 8-15 stocks within the s&p500 list and invest in those instead 👌 ......there is no reason to invest in 500 stocks.
You actually destroyed the s&p for the year doing dca considering it was down approx. 20%. Looking forward to seeing your results next year. Thanks for the video and great idea, I'm going to try it. 🍻
So I’m confused, did you spend 5 dollars a day in one company? Or did you spend 5 dollars on Apple then the next day 5 dollars on google, or are you spending 5 dollars on Apple 365 times?
Was there a specific reason you chose to "cover" the weekends by investing all $10 on Monday instead of splitting it over the remaining trading days? Like, in a normal 5D trading week, you could've invested $7 each day to better adhere to the DCA approach of $5/day as opposed to $15 on Mon and $5 for Tues-Fri, no?
Continue to reinvest dividends over and over until they’re paying you out in the future, just remember how it’s free money you’re getting paid and it’s buying you more etfs or stocks over and over if that makes sense
I do something similar to this but simple for me... and that is Acorns, round-up feature, that rounds the change of charges from all my linked accounts to the nearest dollar, then one that bucket hits $5 and invests it.. plus I do a 10-15 weekly.. so end up investing 100-200 per month in a moderate risk ETF... over the past few years up to a few thousand saved up with net gain of 100 as of today.
Timing the market has been easy with Jerome Powell. I panic bought on March 2020 and panic sold January 2022. The guy went from QE infinity to NO MORE QE. Then he said QT so I went short. Right now he is saying QT still in play but we arent pedal to the metal. So basically he is saying sell cash secured puts and covered calls. When QT ends buy the dips and go all in. Sometime end of year. Unless of course the market front runs it and is near all time highs when it ends... In which case it would be a sell the news event. J pow said choppy market with more downside risk for 2023 which is what I expect. DCA in 2023 will work as long as you get all your money in by end of Q1 2024. Be DCAing up beyond Q1 2024 which is silly. Buy low sell high. Not just buy.
Bob how do you invest $5 into an index fund. For example the fidelity index 500 is going for 193 dollars how do i invest only $5 dollars and not the whole $193 dollars
The thing I hate about buying crypto in robinhood is they charge you way more than the price shows. Its BS. They claim no fees, but charge you way too much for the purchase.
I only turned 18 just over a month ago and already started investing and made £50 for only £210 invested in which is good returns and looking to do more
@@petermorelli7009 are you buying something every week or monthly? because there will be a lot of fees on transactions everytime you buy, especially in here Europe.
Love this idea and this man executed it perfectly, this week I started reoccurring investments weekly instead of daily can’t wait to see what my account looks like the end of 2023
@@BobSharpe Gotta love rollercoasters can’t wait to see what the ride is like this year! Best of wishes hopefully it’s a really safe and boring ride that never stops rising haha can only dream
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I ever met.
I have $31,000 sitting in a traditional IRA. Not doing anything. Trying to figure what to do with it I was thinking about taking a hit and investing in a ETF
Hello guys. I have a question. If I buy $VOO stock with my individual brokerage account instead of Roth IRA. Do I get the same returns ? Beside the taxes difference.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
I think if you want to become a good stocks invester you need to know this . before you invest in any company you must look at the business the company is running. What type of products they makes or what service they present. and is there a demand on the products or the service's. is the business makes a profit and is there a demand on the products or the service's. then you go through the financial statements and do basic financial analysing to see is the company keep growing and makes profit or otherwise. This is how you do it if you really want to make money and build your wealth and do it like i did. other then that is just a waste of money and time.
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I ever met.
Great video and insight as always. Last year apart from my main portfolio in VOO QQQ SCHD JEPI, I had a 2euro per day on the platform I used in Ethereum after watching your video back in August. After watching this video I just set another recurring transaction on my broker in Small Cap Etf as that was missing from my portfolio
I want to start this myself, question on purchasing crypto. Doing the 5$ per day, do the “gas fees” or what ever other fees hurt the average cost of the daily averaging compared to single larger purchases? Thanks love the videos.
I do 5 dollars a day into Tesla stocks on Robinhood. Been buying one stock a paycheck check also. I believe in Tesla. Also I been buying XRP crypto too. Those are the two I’m banking on.
I think if you want to become a good stocks invester you need to know this . before you invest in any company you must look at the business the company is running. What type of products they makes or what service they present. and is there a demand on the products or the service's. is the business makes a profit and is there a demand on the products or the service's. then you go through the financial statements and do basic financial analysing to see is the company keep growing and makes profit or otherwise. This is how you do it if you really want to make money and build your wealth and do it like i did. other then that is just a waste of money and time.
@@TrendProducts1 um yes. That’s common sense to invest in a company you research. If you think Tesla is a bad investment then you obviously didn’t research Tesla well. You wouldn’t be the first to bet against Elon and lose, and as well you won’t be the last.
Lol 😂 sure buddy. You just went on a rant about researching and now you say a crypto that actually has a use and value is poop. Lol that’s why countries around the world are investing and partnering with Ripple and using XRP. Banks are setting up to use XRP, XRP is set to replace the SWIFT. Every other country sees the use case and are working with Ripple, and ripple is using XRP to do the transactions. You obviously didn’t read up in this. SEC in America is the only thing holding in back in America, but even that’s about to end, and the judge is about to make a judgement. Also I guess you missed the part where a judge ruled that the Library coin is not a security, another crypto. That’s good news for XRP too
Correct me if I am wrong, but if you just bought monthly you would have ended up with exactly the same outcome? My point being if you load a month's worth of cash each month there's no benefit to pay in daily?
THIS is an incredible question and very valid!! So much so, that I'll reply with a video exploring daily vs monthly. Stay tuned and I'll ping you with the link once the video publishes.
People who don’t invest money are basically at the mercy of rising interest rates, bills, and bank account fees. That being said, do lots of research and invest. These days all you need is a smartphone, and a thoughtful plan. The market will slowly improve over time, and so will your balance. But hey, I’m just a guy, commenting on a TH-cam video. 🤷♂️
So was this better than just putting cash into a savings account? Because at the end of the year you still have the amount put in. You don't gain or lose other than inflation and it's buying power. But in your situation you loss at the end of year (-$63) plus inflation/purchasing power. Also you could of put that money a Traditional IRA instead of a brokerage account, that way you don't lose on your taxable deduction. Roth IRA wouldn't have help because you have no gain. Additionally the cost per share is just too much for rapid growth in dividends. Better to buy a lower cost S&P 500 ETF, like FNILX instead where you can buy more with less and the price change will benefit your total. Hell, even buying KHC or KO would have yield a better dividend income. An instead of buying everyday fractions you can set up Limit purchases after buying your first share. That means always putting money in but making a strategic buy every time. Like only buying more if the price falls below your first purchase price. A true and better way to dollar cost average. I don't know why I spent this much time on my two cents. I know no one cares. My portfolio isn't six figures and I don't have a ton of subscribers. lol Cool video though.
I learned more from your comment than from the video, especialy the part about buying only when the price goes below original purchase. Interesting strategy. To your point, if it his for long term/retirement growth its much better to use something with a tax advantage. If it is for building up liquid savings that you can access without penalties, its not a bad approach. That being said, this type of savings should be AFTER enough is set aside in an emergency fund that makes sense. If this is somebody's only savings, it would really hurt to take it out at a loss to pay for sometihng like getting your car fixed so you can get to work next week.
@@pearsth Hey glad you got something out of it. I try to put my thoughts and ideas out to the community because there are way more smarter people than me and I would love the advice, recommendations, criticism. Yes emergency fund and zero debt HAVE to be in place before you start to invest. Learning that now. lol
Sorry about that! Robinhood isn't yet available in Australia. My other favorite app Webull is, and they offer the same feature as Robinhood to do the $5 a day piece (or anything you'd like to do): averagetoamazing.com/go/webull
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I ever met.
Where comparing $5 Starbucks coffee as expensive. It is. Electric, products,water,rent, insurance, advertising and then some one to make it. And all there benefits. So $5 goes along way making world go round
Transfering in to use from your brokerage cash is better anyways. Especially if you are using Robinhood Gold. You get 4% intrest on your cash sitting in the brokerage.
I tried robinhood. My first time it told me my documents were wrong. I didn't even get to invest. I contacted support...never got a response(after 4 seperate emails). I'm not sure whats going on, but as of 6-3-2023 most of the trading apps are suffering lots of issues with their apps.
I don't drink starbucks, but overall I pretty much hate the mmindset of "cut out something that you enjoy on daily basis from your life, to earn more money". Delayed gratification is important, but like remember to run the numbers of what is better FOR YOUR HAPINESS. Example: I'm paying like 2 usd daily on can of energy drink that I absolutely love (in the small ammount that I drink it's not unhealthy) and I'd much rather have that daily rather than cut that for more money.
$10 extra on Monday works or just do $7 per day. Still need about $75 more since there are approx 250 trading days per year. Thanks for the great video it makes investing simple when I break it down per day.
Ah good idea on the $7 per day. I'll stick with $10 on Monday but might end up shifting to the $7 because the $10 is still a manual process which could be easily forgotten on a particular week.
Great video 🙂. I have one question if you don't mind, Can you suggest an app like robin hood that's available for people in the uk and maybe do a video on it for all of us over here on this little island 🙂
If VOO went up YoY it would have been more beneficial to buy the whole 150 at the beginning of the month. That’s the smart play always UNLESS you predict the stock to go down.
Don't forget to reinvest your dividends from your stocks, in many cases that's where most of the actual growth for stock investment came from. Your 100 shares may not increase in price at end of year but if you are gaining additional 5 shares just from dividends reinvesting it adds up and multiply.
I have always maintained that compound interest does not actually exist when investing in stocks UNLESS you reinvest dividends
@@Midnight-hz3epNice. So are you saying to avoid interest, don't reinvest? Newbie in this field, here.
Yep. Drip investing.
@saitamatheonepunchman7685 no. What he's saying is.... let's say you have 25 shares of a stock that costs $5 each. Every mth, those 25 stocks earn you 0.20 each, a total of $5 in dividend earned, regardless of current stockprice.
You now have an extra $5 profit, which you can use to buy 1 more of this $5 stock, bringing you to 26 shares now, with 0.20 dividend earnings each.... the following mth, you'll earn $5.20 in dividend......
He probably wouldn’t need to if he’s trading with Accumulation because it’ll automatically invest
I quit drinking over 2 years ago. It saves me more than $5 a day for sure since i used to drink Belgian Quads and nicer Scotch/Bourbons. I also use Keurig for my coffee, and I buy the bulk pack of K-Cups to keep my per cup cost down under .50 cents with creamer. I stopped eating fast food too, now that McDonald's is like $10-$12 for lunch. I've not had any fast food this year, I pack a sandwich and I eat for $3-$4 instead. I plan on setting up a nice dollar cost average S&P 500 plan during the next downturn/recession, because it's coming. I'd rather ride the market recovery up, than ride the recession down. Enter with a lump sum into an S&P index fund, then dollar cost average additional contributions.
You should do quarterly updates on this to keep people in the game.
Good idea, will do!
I agree.
Great idea, I agree!!💯
@@BobSharpe you would have to put $15 every monday to cover the weekends not $10
@@hhaydenshea why $15? If it’s $5 a day, Saturday = $5 and Sunday = $5
Hahahahahaha..... I've had VOO for a while and I can tell you it's very good. I put in about $500. a month. It's been a great ride and I'm actually looking long term on this fund. Thanks
how much have you made from the time you made this comment to now?
In the last year VOO is up 32%
I just started with $2 a day into VOO. Once I get used to the reoccurring expense I plan on increasing the amount. I am 19 rn
Smart for starting early, keep it going.
Keep going
progress update?
Updates?
Pick 5 to 10 good ETFs. Diversify
After Starbucks raised there prices, where we live 2 grandes with extra shots were running is $18 plus a tip. We opted to use our coffee maker, purchased some flavoring and coffee and haven’t looked back. We do buy a few a year when we visit friends out of town. It’s amazing how much it adds up, those drinks and subscriptions on the phone, etc. We’d rather invest in ourselves.
Oh wow $18 is no joke!
"we'd rather invest in ourselves" - we have a bingo .. That is exactly why I'm learning about the stock market in general , and how to be able to make my money do more for me .
In 1975 coffee was 10 cents with unlimited refills at Sambos 24 hr restaurant
I started investing $50 a day broken into 5 ETFs and $4 a day in BTC after watching your first video on this. At first I thought it was going to be too much for my budget, but I stopped buying lunch everyday and I'm able to afford it without too much sacrifice. Overall, I'm at break even but the dividends from the ETFs are helping offset the loss. I'm hoping that this habit continues and DCA eventually leads to bigger gains over time. Great follow up video!
Great point on the Dividends!!! Adding that into the overall scope of this plan can definitely help in the long haul too! Here's to a great 2023
What are the 5 dividend paying ETFs that you have?
@@Kay-jk2gi I have SCHD, SPY, SCHX, QQQ, & VTI.
50 dollars a day is wild
@@johnpalcon7570 you need a professional Broker
Definitely needed this. I officially am at $100 a year on my Public investing app in dividend income. I think I'll do $2.50 a day into SCHD and $2.50 a day into Realty Income
Nice!!! And Happy New Year to you!
@@BobSharpe happy new year to you as well!
IMO, if in a taxable brokerage acct, I would avoid REITs like O bc their returns our largely attributed to their dividends but their dividends are non-qualified so they get taxed at a much higher rate than stocks/etfs that pay qualified like SCHD, just in my option tho, dyod always
Either way you’re investing more than most and these are great picks, good luck!
Whats ur name on public?
I have money in VOO. It's up 46% since 2018. Normalizing the long term I'm hoping to maintain a 10% avg over 20-30 years.
Forgot growth ETFs exist too huh?
@@jollama bro just stated he has money in VOO, why you mad
It's incredible that he highlights the flaw in this daily investing idea right at the start but doesn't make the link. Typically any year with a downwards trajectory benefits most from cost averaging by frequent investing because you're buying at ever lower increments throughout the year. But on an average year the market climbs and therefore investing earlier would be better.
5 dollars a day from 25 to 65 in basic index funds inside a Roth IRA will 1.1 million dollars , or 44000 a year tax free with cost of living raises every year in retirement .
I didn’t make shit. Been doing it for 3 years.
But you saved up
How much is in your account?
@@SN1PSRT Did he though? Money is worth less now then it was 3 years ago so he technically lost money.
I just started that also.. apple and Google 5 each everyday... ima also buy 100 shares of each to sell calls and use that money to keep buying shares with the premiums
wow i did the same thing lol. $20 a day in recurring investments (mon-fri). i’ll be honest, this is probably the best thing i’ve ever done with investing, mainly because it forced me to budget around the recurring investment. I actually started off with $10 and increased to 20, now i’m thinking about increasing to 30 😅, but this has been a great tool to get me to invest more rather than spending money at starbucks, whataburger, mcdonald’s, or amazon 😂
but aren't you afraid ? cause it can go up as it can go down
@@taharmeziani6903 the market overall continues to go up over many years so it’s semi safe but it still can be a gamble
Every Friday I invest $20 into stocks! Hope to increase in the future but hey gotta invest what you can just invest people in your future. Don't look back in 20 years with regrets!!
Hey I enjoy this video and I really enjoy the love and support that the people of the youtube community shows
Thank you. Sharing this with my son. He has a Sonic habit vs. Starbucks, but same daily expense. He recently signed up with RH at my badgering and I've been trying to explain all of this to him. Maybe he'll listen to you. =)
Question do you have any recommendations for a good dividend portfolio? I want to start one here in the new year. I am a newbie and want to know what would be more smart buying ETFs? Individual stocks, reits? Or a mixture of both. Also how many do I need in my portfolio? I plan on putting in a couple grand to start than continue to put money in monthly. Any help would be greatly appreciated
@Leonardo Vlado I really needed to hear this and by the way I did lookup Donald Ben Taylor and I must say I am more than impressed with his achievements, exactly what I have been looking for since I don’t have much time to myself, its better an FA handles things on my behalf.
@@legumessaudavel Not ignoring you, but know better than to provide anyone outside family with any financial advice (picks or portfolio). At 59, I'm in my end game. All my work is done unless I want to keep things rolling. I primarily watch these videos in order to pass them on to our son and I do learn new things from time to time. The best things you can do is start early, peg your lifestyle at a comfortable income level, and invest the rest as your income increases along with your value to the places you work. Never miss your monthly investments, and check your progress every month to keep yourself motivated. Nothing sweeter than looking at decades of spreadsheets and seeing how you've progressed on your financial independence journey. What gets measured, gets accomplished. Find a solid tax planner early in your journey as taxes become a burden after a couple decades of investing. You may find your primary job ends up paying for your annual investment returns if you have a mix of retirement and outside investment accounts. Make it fun for yourself to invest and it will feel like less of a grind.
Bob, I currently have Robinhood and I did not know that this feature was on the app. I currently hold positions in Intel and Duke energy. I now have it set up to come out of the brokerage account Monday through Friday at five dollars a day on the two stocks I mentioned above thank you.
Ah awesome! I'm glad this was helpful!
I love this and DCA everyday on what I'm overweight in. I used to do the auto deposit however I stopped when I couldn't guarantee at what time my deposit would go thru. I like to control the time I deposit and buy daily. Love your video. New subscriber here.
Awesome! Thank you for subscribing and welcome aboard!
Or you could invest $7.00 Monday thru Friday…. Equivalent to $5.00 seven days a week
@Check Mate I invest everyday in a round of stocks always looking to DCA down. I increase my deposits monthly. I am never good at timing the market so long term and DCA mindset works for me.
@@TheGoldnDog sorry, I didn’t mean to reply to your comment. I thought I was posting that in the main comment section. Lol, I wondered where my comment went.
@@checkmate9831 No worries. I sometimes leave vanishing comments wondering the same thing. Happy investing!
You have inspired me to do a brokerage transfer of $35 a week, not direct into anything. I think the auto trades happen at open. I'll just track open price for everything I'm interested in and not buy when it's above my average and buy when it's below. Thanks!
I think this is the best video I ever watched about investing, great job and advice
I appreciate that!
I remember when you started this. Thanks for the update. Curious to see how it looks in '24.
You're welcome! I'm also curious and will certainly update with a video once we get into 2024
Using your $5 a day investing tip, would you recommend investing daily into one ETF “VOO” with all $5 or splitting that $5 up, say $3 into VOO and $2 SPY a day?
This is awesome because I definitely don’t have thousand or even hundreds of dollars to invest every month . I just started buying stocks so I’m definitely learning . This video is great
Thank you so much!!! I always look forward to your videos.
I am so happy that I found your channel few months ago. Happy New Year!!
You are so welcome! More videos to come and Happy New Year 🎉
I’ve been doing this with BTC through cash app. 10$ a week. Definitely adds up.
Right now I’m invested in 5 different stocks, Apple, Tesla, Microsoft, Amazon, and Ford. I wait for pay day and get 30$ out and split it 5 ways everytime. So far only have about 90$ invested.
I'm new. Have no clue what to do. Everyone told me all my life that the stock market is like gambling. You can lose more than you earn. I live on social security disability.
What a great idea. I except your $5.00/a day challenge. The stock that I will choose is SBUX. I really you simple, everyman idea of getting into the stock market. Do you have a video for dividend investing?
Don't invest in the voo just select between 8-15 stocks within the s&p500 list and invest in those instead 👌
......there is no reason to invest in 500 stocks.
You actually destroyed the s&p for the year doing dca considering it was down approx. 20%. Looking forward to seeing your results next year. Thanks for the video and great idea, I'm going to try it. 🍻
Yes! I can't wait to see how this grows thru the years ahead. I'll keep everyone updated!!
Letssssss Goooooo!!!!!!!!!!!!!!!!! Going to start my 5 dollars a day today, and have some fun in the process.
Awesome! Keep me posted !
Instead of dumping the weekend money on Monday you should instead just invest 7$ every market day and spread that 10$ across the trading week
So I’m confused, did you spend 5 dollars a day in one company? Or did you spend 5 dollars on Apple then the next day 5 dollars on google, or are you spending 5 dollars on Apple 365 times?
He invested $5 into an index fund called VOO which is basically a pool of different companies instead of just one company like Apple.
I opted to just buy every Monday to avoid making my bank account transactions messy using M1 Finance
Makes sense! Here's to a great 2023!!
Wow I remember that video, 1 yr goes pretty quick seems like yesterday.
I know!!
"Happy New Year" Bob and as always a great video to start the year with and get us all motivated. TY my friend and let's make 2023 a great year.👏👏👍🇺🇲👍
Happy new year!
I just started this same thing for 2023 with JEPI.
Nice!
Do an update mid year to see the progress, to keep us motivated. I started doing this as well, Im around $500 between stocks & Bitcoin
Will do!
love the mindset thank you for this video
yeah, he has a real long term mindset.
Was there a specific reason you chose to "cover" the weekends by investing all $10 on Monday instead of splitting it over the remaining trading days? Like, in a normal 5D trading week, you could've invested $7 each day to better adhere to the DCA approach of $5/day as opposed to $15 on Mon and $5 for Tues-Fri, no?
No real specific reason or strategy, other than just thinking "alright, I missed Saturday & Sunday's $5 per day, so make it up on Monday!".
You explained this is such simple terms. Thank you!
You're very welcome!
I’m torn with between dividend reinvestment and piling up the cash and waiting for opportunity.
Continue to reinvest dividends over and over until they’re paying you out in the future, just remember how it’s free money you’re getting paid and it’s buying you more etfs or stocks over and over if that makes sense
I do something similar to this but simple for me... and that is Acorns, round-up feature, that rounds the change of charges from all my linked accounts to the nearest dollar, then one that bucket hits $5 and invests it.. plus I do a 10-15 weekly.. so end up investing 100-200 per month in a moderate risk ETF... over the past few years up to a few thousand saved up with net gain of 100 as of today.
Timing the market has been easy with Jerome Powell.
I panic bought on March 2020 and panic sold January 2022. The guy went from QE infinity to NO MORE QE. Then he said QT so I went short.
Right now he is saying QT still in play but we arent pedal to the metal.
So basically he is saying sell cash secured puts and covered calls.
When QT ends buy the dips and go all in. Sometime end of year. Unless of course the market front runs it and is near all time highs when it ends... In which case it would be a sell the news event.
J pow said choppy market with more downside risk for 2023 which is what I expect.
DCA in 2023 will work as long as you get all your money in by end of Q1 2024.
Be DCAing up beyond Q1 2024 which is silly. Buy low sell high. Not just buy.
To the Starbucks cup : “I’m gonna miss you…” hahaha
That’s a sub ☑️
Love it!!
Bob how do you invest $5 into an index fund. For example the fidelity index 500 is going for 193 dollars how do i invest only $5 dollars and not the whole $193 dollars
Good study/experiment. Thanks for posting.
Thanks for watching!
The thing I hate about buying crypto in robinhood is they charge you way more than the price shows. Its BS. They claim no fees, but charge you way too much for the purchase.
I only turned 18 just over a month ago and already started investing and made £50 for only £210 invested in which is good returns and looking to do more
What did you invest
What did you invest ??? Pls let us know :)
What’s the difference of doing $5 every market day vs $25 every Monday
I’m personally doing 50 every Monday split between SPY, APPLE, and KO but I’m not sure if I would have a benefit doing daily
@@petermorelli7009 are you buying something every week or monthly? because there will be a lot of fees on transactions everytime you buy, especially in here Europe.
Great video. Can see your passion for TH-cam and Investing very clearly in this video! Thank you!
I appreciate that!
doesn’t buying $5 each day of voo, and $5 each day of eth makes you pay fees for those two purchases every day?
Love this idea and this man executed it perfectly, this week I started reoccurring investments weekly instead of daily can’t wait to see what my account looks like the end of 2023
Awesome! Here's to a great year ahead!!
@@BobSharpe Gotta love rollercoasters can’t wait to see what the ride is like this year! Best of wishes hopefully it’s a really safe and boring ride that never stops rising haha can only dream
@@IAmNotYetti right there with you!
is it worth investing 5€ a day in eth, but coinbase takes a fee of 0,99€ which means i actually get 4,01€ worth of eth?
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I ever met.
Do you really know him? I even thought that I am the only one who has helped overcome the fears and falls of trading.
I have $31,000 sitting in a traditional IRA. Not doing anything. Trying to figure what to do with it I was thinking about taking a hit and investing in a ETF
I don't do crypto currency, I do
100 to 200 per biweekly pay and some bonuses, 17000 k us 1200 yearly dividend. I have 15 investments
Hello Bob I think it would be good for us to show it step-by-step because I am new users on Robinhood. Thank you.
Ok that sounds good, I'll come back with a how-to video in the future!
@@BobSharpe I would be intrigued by that as well ...
happy new year Woddyyyyy, thanks for and every thing video I have been learning a lot.....
Glad to hear it, and Happy New Year!!
How does Robinhood handle etf expense ratio? Does it take it out of your “buying power” or is it baked into the cost?
yes ive been investing in voo for a bit now. always up $ love it
Hello guys. I have a question.
If I buy $VOO stock with my individual brokerage account instead of Roth IRA. Do I get the same returns ? Beside the taxes difference.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.
I think if you want to become a good stocks invester you need to know this . before you invest in any company you must look at the business the company is running. What type of products they makes or what service they present. and is there a demand on the products or the service's. is the business makes a profit and is there a demand on the products or the service's. then you go through the financial statements and do basic financial analysing to see is the company keep growing and makes profit or otherwise. This is how you do it if you really want to make money and build your wealth and do it like i did. other then that is just a waste of money and time.
Thank you for this valuable TH-cam video! Now I know how to set my Robinhood account up to invest money into stocks daily!
Been trying to get into investing these videos are all I need.
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I ever met.
Great video and insight as always. Last year apart from my main portfolio in VOO QQQ SCHD JEPI, I had a 2euro per day on the platform I used in Ethereum after watching your video back in August. After watching this video I just set another recurring transaction on my broker in Small Cap Etf as that was missing from my portfolio
Thanks for sharing! Here's to a great year ahead!!
BUT NOW 2,250! CONGRATS
Here in 2024 and the ROI has went up crazy. I mean dude VOO is up 150*5= 750 plus the 3,400 eth is worth it’s now 2,750 that’s insane returns
I want to start this myself, question on purchasing crypto. Doing the 5$ per day, do the “gas fees” or what ever other fees hurt the average cost of the daily averaging compared to single larger purchases? Thanks love the videos.
Somewhat it does, it usually has a 4 cent fee to it each day, so that is something to consider for sure.
I do 5 dollars a day into Tesla stocks on Robinhood. Been buying one stock a paycheck check also. I believe in Tesla. Also I been buying XRP crypto too. Those are the two I’m banking on.
I think if you want to become a good stocks invester you need to know this . before you invest in any company you must look at the business the company is running. What type of products they makes or what service they present. and is there a demand on the products or the service's. is the business makes a profit and is there a demand on the products or the service's. then you go through the financial statements and do basic financial analysing to see is the company keep growing and makes profit or otherwise. This is how you do it if you really want to make money and build your wealth and do it like i did. other then that is just a waste of money and time.
XRP is a shirtcoin
@@TrendProducts1 um yes. That’s common sense to invest in a company you research. If you think Tesla is a bad investment then you obviously didn’t research Tesla well. You wouldn’t be the first to bet against Elon and lose, and as well you won’t be the last.
Lol 😂 sure buddy. You just went on a rant about researching and now you say a crypto that actually has a use and value is poop. Lol that’s why countries around the world are investing and partnering with Ripple and using XRP. Banks are setting up to use XRP, XRP is set to replace the SWIFT. Every other country sees the use case and are working with Ripple, and ripple is using XRP to do the transactions. You obviously didn’t read up in this. SEC in America is the only thing holding in back in America, but even that’s about to end, and the judge is about to make a judgement. Also I guess you missed the part where a judge ruled that the Library coin is not a security, another crypto. That’s good news for XRP too
Doesn’t Robinhood charge you a fee for every trade you make so wouldn’t it be better to do weekly or monthly recurring payments
Great video!!! Triggered me right away, I'm gonna invest from now.
Correct me if I am wrong, but if you just bought monthly you would have ended up with exactly the same outcome? My point being if you load a month's worth of cash each month there's no benefit to pay in daily?
THIS is an incredible question and very valid!! So much so, that I'll reply with a video exploring daily vs monthly. Stay tuned and I'll ping you with the link once the video publishes.
Here is the video! th-cam.com/video/hkB92CVI-6A/w-d-xo.html
Thanks. Watched, liked and subscribed. Looking forward to more quality content. 👍🏻
Should I invest in SPDR s&p 500 ETF or the Vanguard S&P 500 etf? Right now I have both.
Amazing video! Thank you so much for sharing can’t wait to start investing my $10 a day Monday!
People who don’t invest money are basically at the mercy of rising interest rates, bills, and bank account fees. That being said, do lots of research and invest. These days all you need is a smartphone, and a thoughtful plan. The market will slowly improve over time, and so will your balance. But hey, I’m just a guy, commenting on a TH-cam video. 🤷♂️
Just starting in stocks, my plan is to put around in around in $50-$100 a week . Im just still unsure what i want to put it in.
Do some index such as VTI or VOO
Awesome video.thanks for sharing
Thanks for watching!
So was this better than just putting cash into a savings account? Because at the end of the year you still have the amount put in. You don't gain or lose other than inflation and it's buying power. But in your situation you loss at the end of year (-$63) plus inflation/purchasing power. Also you could of put that money a Traditional IRA instead of a brokerage account, that way you don't lose on your taxable deduction. Roth IRA wouldn't have help because you have no gain. Additionally the cost per share is just too much for rapid growth in dividends. Better to buy a lower cost S&P 500 ETF, like FNILX instead where you can buy more with less and the price change will benefit your total. Hell, even buying KHC or KO would have yield a better dividend income. An instead of buying everyday fractions you can set up Limit purchases after buying your first share. That means always putting money in but making a strategic buy every time. Like only buying more if the price falls below your first purchase price. A true and better way to dollar cost average. I don't know why I spent this much time on my two cents. I know no one cares. My portfolio isn't six figures and I don't have a ton of subscribers. lol Cool video though.
I learned more from your comment than from the video, especialy the part about buying only when the price goes below original purchase. Interesting strategy. To your point, if it his for long term/retirement growth its much better to use something with a tax advantage. If it is for building up liquid savings that you can access without penalties, its not a bad approach. That being said, this type of savings should be AFTER enough is set aside in an emergency fund that makes sense. If this is somebody's only savings, it would really hurt to take it out at a loss to pay for sometihng like getting your car fixed so you can get to work next week.
@@pearsth Hey glad you got something out of it. I try to put my thoughts and ideas out to the community because there are way more smarter people than me and I would love the advice, recommendations, criticism. Yes emergency fund and zero debt HAVE to be in place before you start to invest. Learning that now. lol
Hi, did you start with $5 and then started the $5 a day
What do you do for coffee now ☕? Great video :) Thanks 👍
I brew at home - which doesn’t cost a whole lot compared to my original daily Bux 😁
@@BobSharpe Try Panera unlimited coffee deal :)👍
Curious to know if GOGY is maintaining its positive momentum for investors. Is it still worth considering?
Yea, give an update now. Price where you started but you average is very low
I tried to download the App but says this item is not available in your country. I live in Australia
Sorry about that! Robinhood isn't yet available in Australia. My other favorite app Webull is, and they offer the same feature as Robinhood to do the $5 a day piece (or anything you'd like to do): averagetoamazing.com/go/webull
Best detailed video I’ve came across for Robinhood. Appreciate this .
Been investing on XLE
Do you set up a second reoccurring payment for Mondays for the extra $10?
Should I do s&p 500 and a target retirement index fund? I can invest 1000 a month
My first investment with Expert Jones trading services gave me a profit of over $4,500 and since then he has never failed to deliver and I can say that he is the most honest broker I ever met.
@@Elena_gaze same I am using him now. I have made over 6k I’m last week
@@Peteliao wow awesome, I’ve this professional Broker, his service’s is way too Good….. his the Best ever thanks so much for Him….!!!
Sometimes it still brain profitable earnings while you invest In two different platform’s.
Where comparing $5 Starbucks coffee as expensive. It is. Electric, products,water,rent, insurance, advertising and then some one to make it. And all there benefits. So $5 goes along way making world go round
Transfering in to use from your brokerage cash is better anyways. Especially if you are using Robinhood Gold. You get 4% intrest on your cash sitting in the brokerage.
Your idea inspired me and investing 25$ week on VOO
3yrs from now that portfolio is going to be wild amazing.
i did the same thing but $20 per day for a year investing into VOO
Nice!!
I tried robinhood. My first time it told me my documents were wrong. I didn't even get to invest. I contacted support...never got a response(after 4 seperate emails). I'm not sure whats going on, but as of 6-3-2023 most of the trading apps are suffering lots of issues with their apps.
Hey, Mr. Sharpe! What’s your thoughts on this stock? “ PBR “ it yields high dividends with low cost.
I don't drink starbucks, but overall I pretty much hate the mmindset of "cut out something that you enjoy on daily basis from your life, to earn more money". Delayed gratification is important, but like remember to run the numbers of what is better FOR YOUR HAPINESS. Example: I'm paying like 2 usd daily on can of energy drink that I absolutely love (in the small ammount that I drink it's not unhealthy) and I'd much rather have that daily rather than cut that for more money.
$10 extra on Monday works or just do $7 per day. Still need about $75 more since there are approx 250 trading days per year. Thanks for the great video it makes investing simple when I break it down per day.
Ah good idea on the $7 per day. I'll stick with $10 on Monday but might end up shifting to the $7 because the $10 is still a manual process which could be easily forgotten on a particular week.
@@BobSharpe was wondering if you did it manually? I was trying to set up another automatic buy but RH wouldn’t let me do it.
does it cost to buy a share. since your buying a share every day do those fees build up?
Great video 🙂. I have one question if you don't mind, Can you suggest an app like robin hood that's available for people in the uk and maybe do a video on it for all of us over here on this little island 🙂
If VOO went up YoY it would have been more beneficial to buy the whole 150 at the beginning of the month. That’s the smart play always UNLESS you predict the stock to go down.