🎥Check out THIS video next ► th-cam.com/video/U7_956pv6Ik/w-d-xo.html 📄Grab your Copy of the Google Sheet I shared in today's video ► sendfox.com/sweetlifesuccess
Keep it up buddy. I was never informed as a kid to invest. Was always told by my parents to save and throw in bank. Are you doing Roth IRA or brokerage?
I’m 56 and started investing in August 2022. Today, I’m just about to hit 18k in my portfolio with just about 1,100 in yearly dividend income. Never too late to start.
If you don't mind me asking, how did you go about doing so? I'll be 40 in a year & a half and when I thought maybe I'd waited too long, this gives me hope & added incentive to get started.
After watching countless videos over the years, your explanation finally made everything click! They (i.e. all the finance gurus) tell us to invest early, but never truly show HOW to. Just you breaking down the Robinhood app made everything make sense. Thank you!!
@@thekingofkingsrp It is never easy. It is simple. Tortoise and the hare. Get in the habit of saving & investing early. We all can’t be Bill Gates. Over a lifetime you’d be surprised how much you can earn. Mask On Nurse Marty (Ret)
I started buying fractional shares about a year ago after watching his video. One day I accidentally bought 10 shares of VOO instead of $10🤣 It almost gave me a heart attack but it’s 27% up now thank god lol
I am 51. I put 4 grand into an ETF about 6 weeks ago that trades on the Australian stock exchange (because that is where I am) and am adding in 10 bucks a day ($140 a fortnight). It is not enough, but its a start and it is better than not starting. Bob, you motivated me to take this first step. I feel better about the future knowing that I have made a start. I thank your sir for that motivation. They really should teach this in high schools. I certainly wish I had learned about basic investing in high school instead of crap that is useless to me now.
Hey dude, fellow Aussie here. I’m a committed listener to the Motley Fool podcast. Their strategies are right on the money for people like me and you - passive investors, investing via long term dollar cost averaging. I’d suggest you give them a listen if you don’t already, they’ve made a big difference to my life financially 👍🏼 keep it up brother, the best time to plant a tree was 20 years ago, the next best time is today 👍🏼
Great video. One very important point to remember: When you retire, youre not going to suddenly pull out at that money. Depending on your needs you'll only be pulling out, typically, 5% to 8% per year. The remaining amount will still be compounding as you get older.
The reason for continuing to invest as the price falls is because the shares become cheaper as the price falls, so you get more for your money. The risk is that it will go to zero and you'll be out, or it will stay low, but if it doesn't, and goes back up over time, then you have more shares, bought cheaply, that are rising in price. It's known as 'Dollar Cost Averaging' or 'Pound Cost Averaging' in the UK (etc.). The idea really is to buy low and sell high, after all.
@@Prince62750If your employer doesn't offer a 401k with matching contributions, and if you expect income taxes to rise, then the Roth is a great choice. Just my 2 cents
$1.6 million now is worth a lot more than $1.6 million in 20 years, which is worth a LOT more than $1.6 million in 45 years. Need to adjust the desired portfolio amount based on how far away it will be until you intend to use those funds.
Fair point - definitely need to adjust to ensure you have enough money. What worries me is people aren't investing at all now, and that is going to be a tough one in the future. Hopefully we can inspire more people to control their finances
I just opened a custodial account for my 13yo daughter and started doing this. Also added her as an authorized user on one of my CC's so she will have perfect credit when she turns 18 and a decent chunk of cash invested.
most of it is in shelter, (60%) some in stock for capital gains and a little cash. You need all kinds of accounts when you have to tap them for RMDs or other opportunities in buying something fort he family, such as used cars or vacations, etc.
Wish I had done this when I was younger. I only started in my 40's really so it's been very rough trying to make up for lost time. I'm 55 now and about 50% of every check goes into investment, 401k etc.. but I will likely not even hit that 1 million mark because I started too late (unless TSLA and NVDA go nuts or something).
500k at 5 percent interest you will earn enough to live off interest alone, 5 percent is low as stated in the video 10 percent is what you’re aiming for
Honestly, your expected "Growth Rate" has to be minus the average inflation to get a better picture of what you're ending up with. 1.6mio is still a lot of money in 25 years, but well ... not comparable to 1.6 mio today :-)
Keep driving home the point: It's not having a lot of money coming in (or at the start) that makes you rich. It's ongoing, consistent investment over a long period of time…
I'm 11 and started investing under my dad's name at 9, I went from 1k USD plus 800 bucks of addons to 4k after 2 years, any tips on 7 year long term investments?
Thank you. I am 39 yrs old and after watching your video I have started investing $11/day. Your video really motivated me. Keep on motivating. And please make one video on dividend reinvestment as well. Then how long it will take to get a Million if I keep on investing $11/day and reinvesting its dividend amount. Thank you in advance. Keep up the good work. 👍
I love this series of videos on the $5 a day investment plan. It is very inspirational and I have recently started a similar low dollar daily investment plan through Schwab and Fidelity with ETFs and mutual funds. Thank you. 👍🏻
By the way, it's not the best performing companies. It's the biggest companies that have stocks. This means that big companies could still do poorly, which is why it has it's ups and downs. If it was only the best performing the fund would constantly have turnover because of how each company stocks were behaving the day before :D
Thanks for this series ! I started In Jan 2024. Im not doing $5 a day. Im doing 1 Share a week Started at $20.00 Per week now $30.00 per week . I know its not excel what you doing , The thing im saying is you have got Me FIRED UP to put money away . Thanks
Dump question but if I did put in 5 dollars and the market crashed like I’m in the negative would I owe Robinhood money or could I I stay in it tilll it goes back into the positive
This is so encouraging! I currently have no job and only earn money from scholarships. I started investing a month ago (only a bit since I have no income😅) and now want to get a job to invest more!
That's all nice and informative, but I always questioning - why all those calculations not including inflation? Is it correct to calculate such a numbers on a long run without counting, that 10%/y interest with , for example, 5%/y inflations means you will grow your portfolio only on potential 5%? Or am I mistaken?
Very cool, what platform would you suggest to invest in? Or is Robinhood ok? And would it make any difference if you were to invest $5 a day or $150 a month, or if you fluctuate in between and just keep throwing in money occasionally?
I put in everyday that the stock market is open. I use apps like Webull and Robinhood who do not charge transaction costs. sweetlifesuccess.com/go/webull
So you bougt 5 bucks worth of ETH and 5 bucks worth os VOO per day, roughly 1000 days. Thats 2.000 transactions, how did you manage not to pay all your gains in transaction fees?
@@lolwtnick4362 yeah? Where you been rugpulling? Bitcoin is up 130% in this 1 year period, plenty of returns for me. I'm not chasing GME 10 baggers. I'll stay away from the scams but very interested in what you're pumping!
Mond blowing fact.... Tha mount invested doesnt have any relation with how your investments grow. You can invest 5 bucks or 1000 dollars a day. The percentual growth will be the same. Actually, with fees, investing lower amounts might cost you more
It really depends. But I got your back with a video I did. Soon time to probably refresh this one since it's older, but here you go: th-cam.com/video/hkB92CVI-6A/w-d-xo.html
I'm super late to the party. I'm investing $100/month on top of the $1700 I started with. I'm not investing every day but my monthly investment is more than $5.00/day. My investmate still isn't on daily gains though so maybe that's the difference.
I really wish I'd known about investing 20 years ago. I started just before Christmas at the age of 43, and I've already managed to increase how much I put away each month. Hoping it will grow to a healthy amount in the next 15 years or so. Really good interesting videos that you put out 👍
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
Doh! I'm so sorry about that - try the link again, figured out what Google Sheets was doing, and now you should have access to view, and make a copy for yourself!
I started on my 18th bday, which is in the beginning of August. Now i have 12k combined with contributions and appreciation. I truly never thought id even get here this fast. Nvida was awesome😅
Good advice. Lots of people want to get rich, but they want to get rich quick. Slow and steady wins the race. And toss in some small longshot investments every now and then if you want to have some fun.
@@back2the80s For sure, but this video is about investing money and how much you'll make over the course of decades. This is not the strategy if you want to "get rich quick", but it's still something that you can do. Most people can afford to invest $5 each weekday = $25/week.
Hey Bob, love the series. Quick question, i recently sold my shares of the S&P 500 for a profit but the price kept climbing. I've waited a week for it to go back down but it hasn't. Should I hop back into the market or should I hold off?
Myself I invest from 100 to 800 usd a week not only diverse stock market but also in physical silver and gold and numismatics and real estate market as real estate investment trust
@AJohnson0325 I am aware of that physical silver and gold and numismatics are rather a generations family treasure to keep handing dwn in the male line
Let’s not forget 1 million 600 thousand does not have the same purchasing power based on the ages. The 18 year old would have to have more than twice that amount at age 65 because of inflation.
I've never understood this argument. It almost sounds like you're saying inflation is bad, so you might as well not invest. We don't really know what inflation will do to the 18 year old's purchasing power years from now, but I'm quite confident I'd rather have 1.6 mil than nothing.
Great analysis ! I wish I figured out RH earlier, it's a great place to invest.. Just curious, why did you pick ETH instead of BTC ? I just started daily recurring $10 to VOO, but I'm 50, hope it's not too late, but I don't need $1.6 million to retire.I can get around with much less.
Yes I'd agree with @joco8700 - this is the average return. But, if you want to lean more conservative just in the case that you feel the market won't be as strong, as you mentioned, budgeting 8% and ending up with 10% would be a great bonus!
Hi Bob.. I really like your videos.. Keep doing the good work. The only thing which scares me is the tax liabilities even after reaching a big number. Please shed some light on that front as well whenever you can. Say if someone reaches the golden number of 1.6 Mil, how that's going to affect years post retirement when you start taking those out.
Capital gains is taxed about 15% although long term in the US can be almost 0% depending on your regular income. It is not as scary as you might think. Talk to a Financial Advisor who specializes in tax planning if you amass a lot. Don't let fear of taxes stop you from investing 😊
As always, these ‘investment’ channels never factor in tax or inflation when calculating rate of return. A 10% RoR is really only 5-6% when you add those factors. Now redo those calculations at 5% - you have to save a lot more!
It would be interesting to see a graph comparing each investment to the daily $5 linear if one was to put into a savings account (assuming 0% interest or near 0%) that would help show the long term growth visually.
Wanna show the power of compound interest? Do 2 spreadsheets. A: What if you invest $5 per day for 2.5 years. B. What if you invest $150 per month for 2.5 years. They're not the same. You end with more with A.
A dollar saved is more valuable than a dollar earned. If you're paying over 6% interest, paying down the debt is probably better than investing because of the guaranteed return of not having the debt, and the fact that you don't have to pay taxes on the income of your investments. There are ways to substantially reduce the taxes though.
Good question. Robinhood & Webull do not charge broker commissions, so if you have access to those brokerages, you wouldn't need to worry about that commission fee anymore.
That's the key question. The only way is to increase the investment. Substantially. 1.6M in 45 years will NOT be what it's worth today!! At 3.3% inflation it'll be worth $371,198 in today's terms.
@@89RutgerIt’s not that simple. Increasing your deposit is simply keeping your contribution up to date but all the money you’ve already invested is constantly being eroded by inflation. 45 years from now at 3.3% inflation, to have the same buying power of $1.6M today you’ll need $7M. Yes, 7 million dollars. To have a $7M balance after 45 years getting 10.5% return with 3.3% inflation you’ll need to start saving $110 per week/$16 per day but also increase that by 3.3% every year match inflation.
Good stuff!! And great video. Thank you. Could you add a 4th chart so you could fill the data, but then it would calculate what your "end total portfolio" would equate to based on everything else you already have set up (age, return %, daily invested, etc). So like a projection chart for us older folks to see what we "could have" if we started today... :)
Bob, this video is perfect. Thank you for putting it into such an easy way to understand so I can share this with my friends and family that aren't into finances like me. 😄
Well depends on if you have enough dividend income for your monthly expenses then you can retire early without getting to millions of dollars and still reanvest some dividends
Some of the core holdings in that fund are good but some I wouldn’t buy as individual stocks if it were me. Also if you have a long ways until retirement, I would focus on total return rather than dividend yield. You need compound interest working for you as much as possible and to do that you need a lot of time and a high return on your money. If you are close to retirement then dividends make more sense. Personally, VIG is my favorite dividend fund as it has more growth stocks. I already own many of the stocks in the core holding and they have made me some really nice money. Right now I’m focusing more on growth stocks for total return. They all pay dividends but usually small ones that go up every year
Nothing wrong with starting with something like VOO like he used in the example. I'm investing mainly in VONG at the moment. It's more aggressive as it mainly focuses on growth funds. I'll be 30 in a few months and still have a pretty high risk tolerance. If it was me, I'd steer clear of any dividend focused funds unless retirement is within the next few years for you.
🎥Check out THIS video next ► th-cam.com/video/U7_956pv6Ik/w-d-xo.html
📄Grab your Copy of the Google Sheet I shared in today's video ► sendfox.com/sweetlifesuccess
Can I use cashapp investment or should I use something like robinhood or weebbull?
Where is the spreadsheet? I only got a confirmation email.
Sorry @BobSharpe, which broker do you recomend to start with a portfolio ? Thank you.
@@Pazuzu-2048 =PMT(Annual Interest Rate/12, years to invest*12, 0, Desired Ending Portfolio,1)
Opened an account and invested daily when I turned 18. Now I’m 19 with $1,800 invested and growing.
Ah that’s fantastic!!
Keep it up man. You'll be a millionaire before you're done!
Learn to trade and dividend investing
You can make 1,800 into 50k if you learn correctly
Invest hard when your when it will really pay off when you get older
Keep it up buddy. I was never informed as a kid to invest. Was always told by my parents to save and throw in bank. Are you doing Roth IRA or brokerage?
im 17 and started investing 1 year ago. im at $900 invested and growing right now.
I’m 56 and started investing in August 2022. Today, I’m just about to hit 18k in my portfolio with just about 1,100 in yearly dividend income. Never too late to start.
Congrats :) keep it
If you don't mind me asking, how did you go about doing so? I'll be 40 in a year & a half and when I thought maybe I'd waited too long, this gives me hope & added incentive to get started.
Hey, I’m glad to hear it. I’m currently 23, and started investing yesterday. What exactly have you been investing in to get these results?
@@Tblade_DareToBeDifferent JEPI, JEPQ, SVOL, SCHD, DGRO, ABR, DELL, ABBV, MO, KO among others.
This is the part where hammerofthegods will ghost every response to any comments! He liying !
After watching countless videos over the years, your explanation finally made everything click! They (i.e. all the finance gurus) tell us to invest early, but never truly show HOW to. Just you breaking down the Robinhood app made everything make sense. Thank you!!
These are the videos I wish I saw when I was younger, always felt I needed a lot to invest and was scared away.
Well it wasn't that easy back then though.
Same!
There were not investing apps like RH today, it wasn't that easy.Start today, no problem...
@@thekingofkingsrp It is never easy. It is simple. Tortoise and the hare. Get in the habit of saving & investing early. We all can’t be Bill Gates. Over a lifetime you’d be surprised how much you can earn.
Mask On Nurse Marty (Ret)
I started buying fractional shares about a year ago after watching his video. One day I accidentally bought 10 shares of VOO instead of $10🤣 It almost gave me a heart attack but it’s 27% up now thank god lol
Look at BRK-B with a slice of VIK for long term growth, more the merrier right.
Yup I’m up 36% in 18 months 😀
Bet Ur happy you did
Happy accident
Voo goes for about $495 to $500 per share. You accidentally invested $5000 when you intended to invest $10?
I am 51. I put 4 grand into an ETF about 6 weeks ago that trades on the Australian stock exchange (because that is where I am) and am adding in 10 bucks a day ($140 a fortnight). It is not enough, but its a start and it is better than not starting. Bob, you motivated me to take this first step. I feel better about the future knowing that I have made a start. I thank your sir for that motivation. They really should teach this in high schools. I certainly wish I had learned about basic investing in high school instead of crap that is useless to me now.
hey mate! i'm also from aus and was wondering if you know of any local platforms/apps that would let you do $5 a day type investments?
@@big5xcI use Pearler, cheaper than Raiz. I’m enjoying it so far
Raiz
Hey dude, fellow Aussie here. I’m a committed listener to the Motley Fool podcast. Their strategies are right on the money for people like me and you - passive investors, investing via long term dollar cost averaging. I’d suggest you give them a listen if you don’t already, they’ve made a big difference to my life financially 👍🏼 keep it up brother, the best time to plant a tree was 20 years ago, the next best time is today 👍🏼
I'm 51 and Australian too (Melbourne). I'm focussing on property investment. Hope it works!!
Great video. One very important point to remember: When you retire, youre not going to suddenly pull out at that money. Depending on your needs you'll only be pulling out, typically, 5% to 8% per year. The remaining amount will still be compounding as you get older.
And then what? You die?
@@exelmans8855 Depending on your plan you either try to spend it all before you die or you leave the remainder to heirs or charity.
I'm 19 put in 20k and up 10k atm, hoping for positive years going forward. (All money from side hustles and work)
Is side hustle not another word for work
The reason for continuing to invest as the price falls is because the shares become cheaper as the price falls, so you get more for your money. The risk is that it will go to zero and you'll be out, or it will stay low, but if it doesn't, and goes back up over time, then you have more shares, bought cheaply, that are rising in price. It's known as 'Dollar Cost Averaging' or 'Pound Cost Averaging' in the UK (etc.). The idea really is to buy low and sell high, after all.
Etfs won't go down to zero because not all companies will go bankrupt
Currently 21, $500/mo into a roth ira (VOO, SCHD, VGT) i also started your $5/day challenge w AAPL and am setting $100/mo for crypto
Dosent the fee Eat you up?
Roth IRA worth it?
You lost me at 100/m for crypto
@@Prince62750 ROTH is the winner for many reasons. Max it out if you can.
@@Prince62750If your employer doesn't offer a 401k with matching contributions, and if you expect income taxes to rise, then the Roth is a great choice. Just my 2 cents
It's been that long already? Wow! I remember when you began this! Keep going!
Yes, crazy how fast time is going, right??
$1.6 million now is worth a lot more than $1.6 million in 20 years, which is worth a LOT more than $1.6 million in 45 years. Need to adjust the desired portfolio amount based on how far away it will be until you intend to use those funds.
Fair point - definitely need to adjust to ensure you have enough money. What worries me is people aren't investing at all now, and that is going to be a tough one in the future. Hopefully we can inspire more people to control their finances
Investing far out paces inflation.
I just opened a custodial account for my 13yo daughter and started doing this. Also added her as an authorized user on one of my CC's so she will have perfect credit when she turns 18 and a decent chunk of cash invested.
If she’s not involved and you don’t get her interested/let her control it somewhat it will all go to heck
60 years old here.
house long paid off.
100k in tech funds.
100k in savings.
doing ok i think for a normal working fella
YOU ARE NOT NORMAL you made the club, now have some fun. Check out the Money Guys show for what to do next, good stuff.
how much in retirement or tax advantage investments? What percent is your savings account?
most of it is in shelter, (60%) some in stock for capital gains and a little cash. You need all kinds of accounts when you have to tap them for RMDs or other opportunities in buying something fort he family, such as used cars or vacations, etc.
@@mrjuvy49was this supposed to me a reply to me? rmds are age 72 right now and will continue to climb.
how much FUN did you actually have, along the way?
Wish I had done this when I was younger. I only started in my 40's really so it's been very rough trying to make up for lost time. I'm 55 now and about 50% of every check goes into investment, 401k etc.. but I will likely not even hit that 1 million mark because I started too late (unless TSLA and NVDA go nuts or something).
That's OK. You don't need a million to retire.
Same here, I’m 40. Let’s get to work.
500k at 5 percent interest you will earn enough to live off interest alone, 5 percent is low as stated in the video 10 percent is what you’re aiming for
Honestly, your expected "Growth Rate" has to be minus the average inflation to get a better picture of what you're ending up with. 1.6mio is still a lot of money in 25 years, but well ... not comparable to 1.6 mio today :-)
Estimate of Tax implications at time of withdrawal?
Keep driving home the point: It's not having a lot of money coming in (or at the start) that makes you rich. It's ongoing, consistent investment over a long period of time…
Cool strategy. What are the fees for purchasing . So in other words how much have you been charged for 900 transactions of 5$
most of these new apps dont have fees on small trades.
I’m 27 and started investing $10 a day into a few different ETFs!
you probably don’t need a few, just one or two
Dosent the fee Eat you up?
How long ago did you start, and how’s it going?
What fee?
@@deDANIEL11609 expense ratio, how much the people managing the etf take
This is the real deal. Should be taught in schools. Proof you can skip college, work at McDonalds and retire at 50.
Work in McDonald's from 18 to 50
Thank you!
You're welcome!
I'm 11 and started investing under my dad's name at 9, I went from 1k USD plus 800 bucks of addons to 4k after 2 years, any tips on 7 year long term investments?
This is a great program man. Love how you’re helping people build wealth in feasible ways.
Thank you. I am 39 yrs old and after watching your video I have started investing $11/day. Your video really motivated me. Keep on motivating. And please make one video on dividend reinvestment as well. Then how long it will take to get a Million if I keep on investing $11/day and reinvesting its dividend amount. Thank you in advance. Keep up the good work. 👍
Dosent the fee Eat you up?
What app were you using to show your $5 investment? It had both stock market and crypto?
Lowkey it gets “addicting” adding to it too lmfao
So true!
Some people already invested money. Can your calculator account for how much you should have at a certain age to comply to the 5usd/day?
We started my wife's 401k 2 years ago at age 40 putting 20% of her pay in and she is now just over $40k and growing.
Great ideas!
I love this series of videos on the $5 a day investment plan. It is very inspirational and I have recently started a similar low dollar daily investment plan through Schwab and Fidelity with ETFs and mutual funds. Thank you. 👍🏻
That is awesome!
what investment app did you use?
He’s using Robinhood.
Are you doing a 2.75 year update or 3 year update?
By the way, it's not the best performing companies. It's the biggest companies that have stocks. This means that big companies could still do poorly, which is why it has it's ups and downs. If it was only the best performing the fund would constantly have turnover because of how each company stocks were behaving the day before :D
Great video. You have an excellent down to earth teaching style. Thank you for the great info!
Thanks for this series ! I started In Jan 2024. Im not doing $5 a day. Im doing 1 Share a week Started at $20.00 Per week now $30.00 per week . I know its not excel what you doing , The thing im saying is you have got Me FIRED UP to put money away . Thanks
You may be an inspiration for many, stop buying junk, and invest in America..
Dump question but if I did put in 5 dollars and the market crashed like I’m in the negative would I owe Robinhood money or could I I stay in it tilll it goes back into the positive
U don't own anyone money once u deposit you're money it will either increase or decrease depending we're u invested
This is so encouraging! I currently have no job and only earn money from scholarships. I started investing a month ago (only a bit since I have no income😅) and now want to get a job to invest more!
That's all nice and informative, but I always questioning - why all those calculations not including inflation? Is it correct to calculate such a numbers on a long run without counting, that 10%/y interest with , for example, 5%/y inflations means you will grow your portfolio only on potential 5%? Or am I mistaken?
Very cool, what platform would you suggest to invest in? Or is Robinhood ok? And would it make any difference if you were to invest $5 a day or $150 a month, or if you fluctuate in between and just keep throwing in money occasionally?
Do you really invest $5 every single day or put $150 on a monthly basis? if everyday, the transaction costs will be quite high
I put in everyday that the stock market is open. I use apps like Webull and Robinhood who do not charge transaction costs. sweetlifesuccess.com/go/webull
It might just be me, but I don't have access to the Google Sheet!
You’ll want to go to File, then “make a copy” at the top of the sheet. Hope that helps!
@@BobSharpe access is denied!
So sorry about that everyone! I figured out why Google sheets was doing that - try again, it should give you access now!
So you bougt 5 bucks worth of ETH and 5 bucks worth os VOO per day, roughly 1000 days. Thats 2.000 transactions, how did you manage not to pay all your gains in transaction fees?
There's plenty of services that don't charge transaction fees..
@@TH-camgrt a challenge you to name 1 single service that allow you to buy ethereum without paying transaction fees
@TH-camgrt it's easier to scam crypto than it is to earn with it without transaction fees killing you.
@@lolwtnick4362 yeah? Where you been rugpulling?
Bitcoin is up 130% in this 1 year period, plenty of returns for me. I'm not chasing GME 10 baggers. I'll stay away from the scams but very interested in what you're pumping!
@@lolwtnick4362 Also again transaction fees are 0.1% to 0.01% (or 0% on Robinhood) so... If the fees are killing you you're doing something wrong
Mond blowing fact.... Tha mount invested doesnt have any relation with how your investments grow. You can invest 5 bucks or 1000 dollars a day. The percentual growth will be the same. Actually, with fees, investing lower amounts might cost you more
Does it matter if you do 5$ a day vs 150$ a month?
It really depends. But I got your back with a video I did. Soon time to probably refresh this one since it's older, but here you go: th-cam.com/video/hkB92CVI-6A/w-d-xo.html
I am 26 and have been putting $400 a month into a Roth IRA. I don't know whether I should be investing into that or outside of it.
I'm super late to the party. I'm investing $100/month on top of the $1700 I started with. I'm not investing every day but my monthly investment is more than $5.00/day. My investmate still isn't on daily gains though so maybe that's the difference.
well 5 dollars a day is about 150/month (if the month have 30 days)
Isn't it better to but around 11am? I've noticed a stock market wide dip around 10am - 12pm. Today I'm setting that up and we will see.
I really wish I'd known about investing 20 years ago. I started just before Christmas at the age of 43, and I've already managed to increase how much I put away each month. Hoping it will grow to a healthy amount in the next 15 years or so. Really good interesting videos that you put out 👍
What brokerage are you using?
He uses Robinhood
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.
What do you do if your bank is not listed in the list of banks they use
we don't have access to the google sheet so we can't make a copy of the file hope that explains it nice video btw
Doh! I'm so sorry about that - try the link again, figured out what Google Sheets was doing, and now you should have access to view, and make a copy for yourself!
I started on my 18th bday, which is in the beginning of August. Now i have 12k combined with contributions and appreciation. I truly never thought id even get here this fast. Nvida was awesome😅
How old are you now?
Good advice. Lots of people want to get rich, but they want to get rich quick. Slow and steady wins the race. And toss in some small longshot investments every now and then if you want to have some fun.
People need money now
@@back2the80s For sure, but this video is about investing money and how much you'll make over the course of decades. This is not the strategy if you want to "get rich quick", but it's still something that you can do. Most people can afford to invest $5 each weekday = $25/week.
@@back2the80sFor what? The next IPhone? The last Kanye West sneakers?
Silly
Hey Bob, love the series. Quick question, i recently sold my shares of the S&P 500 for a profit but the price kept climbing. I've waited a week for it to go back down but it hasn't. Should I hop back into the market or should I hold off?
Shouldn't have sold in the first place, diamond hands bro
Buy and never sell.
Myself I invest from 100 to 800 usd a week not only diverse stock market but also in physical silver and gold and numismatics and real estate market as real estate investment trust
warren buffett said no to investing in gold
@AJohnson0325 I am aware of that physical silver and gold and numismatics are rather a generations family treasure to keep handing dwn in the male line
@@Dappertrucker One of them will cash it all in at some stage.
Let’s not forget 1 million 600 thousand does not have the same purchasing power based on the ages. The 18 year old would have to have more than twice that amount at age 65 because of inflation.
I've never understood this argument. It almost sounds like you're saying inflation is bad, so you might as well not invest. We don't really know what inflation will do to the 18 year old's purchasing power years from now, but I'm quite confident I'd rather have 1.6 mil than nothing.
What's the Sharpe ratio?
Great analysis ! I wish I figured out RH earlier, it's a great place to invest.. Just curious, why did you pick ETH instead of BTC ? I just started daily recurring $10 to VOO, but I'm 50, hope it's not too late, but I don't need $1.6 million to retire.I can get around with much less.
Dosent the fee Eat you up?
Man, this video is such an eye-opener!
At 0:57 was that a reference to the Amazon logo?
The real thing is… saving and investing is VERY addictive, you just gotta start
@@rukushee2294 SO true!
Dollar cost averaging beats the timed investing every time over the long game of years of investing.
Hi, I’m 21 and this video has inspired me, good luck with you sir
expecting 10% for next 40 years may not be realistic. Go with 8%. anything above is bonus!!
That’s average return of the market over the entire duration of the US stock market. Pretty realistic.
Yes I'd agree with @joco8700 - this is the average return. But, if you want to lean more conservative just in the case that you feel the market won't be as strong, as you mentioned, budgeting 8% and ending up with 10% would be a great bonus!
And you have to at least consider/talk about inflation and taxes (don't know the situation for the US)
hey hey
the document i cannot find to do the work out? any help?
Ah sorry about that - try the link again that you got in the e-mail (check junk folder) - the access link has been restored to the Google Sheet now
@@BobSharpe not showing in my google sheets 😞
Hi Bob.. I really like your videos.. Keep doing the good work. The only thing which scares me is the tax liabilities even after reaching a big number. Please shed some light on that front as well whenever you can. Say if someone reaches the golden number of 1.6 Mil, how that's going to affect years post retirement when you start taking those out.
Capital gains is taxed about 15% although long term in the US can be almost 0% depending on your regular income. It is not as scary as you might think. Talk to a Financial Advisor who specializes in tax planning if you amass a lot. Don't let fear of taxes stop you from investing 😊
How do you get paid from this and where do you go to invest?
As always, these ‘investment’ channels never factor in tax or inflation when calculating rate of return.
A 10% RoR is really only 5-6% when you add those factors. Now redo those calculations at 5% - you have to save a lot more!
Thanks for all of the content!
Thanks Big Bob
It would be interesting to see a graph comparing each investment to the daily $5 linear if one was to put into a savings account (assuming 0% interest or near 0%) that would help show the long term growth visually.
Why 0%? My HYSA gives 4.5% currently.
Wanna show the power of compound interest?
Do 2 spreadsheets.
A: What if you invest $5 per day for 2.5 years.
B. What if you invest $150 per month for 2.5 years.
They're not the same. You end with more with A.
The market is open 5 days a week. So in example one that’s only 25$ (100 a month). That’s less money than example B because of that…
Going to start in August. On my birthday to be exact. I also can't decide if I need to pay off my $6k car debt first.
They say it's best to pay off debt first.
I say if it's a high payment focus on car.
If it's low payment pay car then a little put into the market.
Put 70% toward the loan and 30% toward saving.
A dollar saved is more valuable than a dollar earned. If you're paying over 6% interest, paying down the debt is probably better than investing because of the guaranteed return of not having the debt, and the fact that you don't have to pay taxes on the income of your investments.
There are ways to substantially reduce the taxes though.
Hey, what stocks, ETF’s, and more are you all investing in?
weird question...why are you running dual sims on your iphone lol
How do you start an account with the first $5.00 ?
Open an account at any brokerage without a minimum starting balance, connect your bank account and then fund it with the $5.
is $5 a day better than $150 a month? how different will the estimated return be?
It’s better to do that because you will buy some shares that drop lower. It’s called dollar cost averaging
You'll be able to get the shares lower on some days & higher on others...
Is 10% too high of an assumed return? I think the principle of dollar cost average investing is great, but thought 10% may be too generous.
so, it's your fault Starbuck's stock crashed hard lol...joking...keep up the great work dude and get back to buying coffee
🤣🤣
Lol it actually crashed because of the Starbucks boycotts. They suppt Israel so everyone is boycotting it. Free Palestine 🇵🇸
Next finance influences will be telli ng people to buy a daily starbucks.
@@Lonovavir how’d you already know the topic of my next video??
😅😅😅😅😅
VTI is more broad and actually may be a better long term index fund.
I’m 2300 into voo in 1 year almost 4 shares worth thanks to you I’m up 20 percent from my initial investment
Stumbled upon this channel. Does anyone what investment app he is using? Thanks.
Robinhood.
@@iAirRon thank you.
Thanks for your content
Been working since 16 and invested since then through a youth account now im 19 with 40k in investments
So those numbers without the dividents return
It could have a starting amount on the sheet
The issue is not $5 per day, its finding out you have an extra $150 at the end of the month and then go buy what you want.....
Yea but what about your broker comm? $5 a day would crazy money for them, won't it?
Good question. Robinhood & Webull do not charge broker commissions, so if you have access to those brokerages, you wouldn't need to worry about that commission fee anymore.
What is a good strategy to overcome inflation whit this method?
That's the key question. The only way is to increase the investment. Substantially. 1.6M in 45 years will NOT be what it's worth today!! At 3.3% inflation it'll be worth $371,198 in today's terms.
@@DiscoFang so increase 5$ by 3.3% each year thats it?
@@89RutgerIt’s not that simple. Increasing your deposit is simply keeping your contribution up to date but all the money you’ve already invested is constantly being eroded by inflation.
45 years from now at 3.3% inflation, to have the same buying power of $1.6M today you’ll need $7M. Yes, 7 million dollars.
To have a $7M balance after 45 years getting 10.5% return with 3.3% inflation you’ll need to start saving $110 per week/$16 per day but also increase that by 3.3% every year match inflation.
@@89Rutgerbtw, none of this accounts for any capital gains or income tax from dividends. That calculator has a tax rate input field.
We invest in svol daily. Usually 20 bucks over the last 2 years.. 16k invested.. 200 a month in divs 💥
Nice!!
Good stuff!! And great video. Thank you. Could you add a 4th chart so you could fill the data, but then it would calculate what your "end total portfolio" would equate to based on everything else you already have set up (age, return %, daily invested, etc). So like a projection chart for us older folks to see what we "could have" if we started today... :)
Bob, this video is perfect. Thank you for putting it into such an easy way to understand so I can share this with my friends and family that aren't into finances like me. 😄
Well depends on if you have enough dividend income for your monthly expenses then you can retire early without getting to millions of dollars and still reanvest some dividends
Congrats keep up the great job love the videos
Thanks so much!
How much are you making in dividends?
Wow really only 15 bucks at age 30. Hard part now what to buy hmmmm. Thoughts on FDVV?
Some of the core holdings in that fund are good but some I wouldn’t buy as individual stocks if it were me. Also if you have a long ways until retirement, I would focus on total return rather than dividend yield. You need compound interest working for you as much as possible and to do that you need a lot of time and a high return on your money. If you are close to retirement then dividends make more sense. Personally, VIG is my favorite dividend fund as it has more growth stocks. I already own many of the stocks in the core holding and they have made me some really nice money. Right now I’m focusing more on growth stocks for total return. They all pay dividends but usually small ones that go up every year
Nothing wrong with starting with something like VOO like he used in the example. I'm investing mainly in VONG at the moment. It's more aggressive as it mainly focuses on growth funds. I'll be 30 in a few months and still have a pretty high risk tolerance. If it was me, I'd steer clear of any dividend focused funds unless retirement is within the next few years for you.