JULY UPDATE! In this video, I share my personal journey of investing $5 every day since January 2022 in Robinhood’s Automatic Investment Program. A fantastic platform for anyone wondering how to start investing without a significant initial sum.
STUFF I RECOMMEND!*
Investing Apps and Tools:
🤑 Robinhood App – Get A Free Share of Stock valued between $2.50 and $200 Just for Starting ► http://sweetlifesuccess.com/go/robinhood
🐂 Webull App – get up to 12 free stocks (limited time) ► http://sweetlifesuccess.com/go/webull
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💰 Track Your Dividends ► https://sweetlifesuccess.com/go/dividends
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What’s this about, you ask? It’s about investing only $5 daily, essentially setting and forgetting your investment. Regardless of the market fluctuations, you let your money grow over the years, without touching it.
This investment strategy is quite intriguing, especially for beginners. I’ve been investing in the S&P 500 ETF, a fund tracking the top 500 companies in America, and Ethereum, a popular cryptocurrency. As the market operates Monday to Friday, I initially had to manually invest $10 on Mondays to make up for the weekends. However, thanks to your insightful comments, I now invest $7 per day from Monday to Friday.
For those new to Robinhood, you don’t need to have the full amount to buy shares. Fractional shares trading allows you to start investing with as little as $1. You don’t need $407 to buy the Vanguard S&P 500 ETF share; you can invest with only $5 or $1.
The real charm of this journey is watching your investment grow. For instance, I started with a mere $5 daily investment and now own 7.38 shares of the Vanguard S&P 500 ETF and 1.5 Ethereum. This growth, combined with dividends received, amplifies the profit. Just remember to always do your own research before starting to invest as the information shared here is not financial advice.
A common question many of you asked is about brokerage fees. Fortunately, Robinhood offers commission-free trading. This is crucial because it wouldn’t be beneficial to invest $5 daily and then pay a $9 brokerage fee. For international viewers, I recommend looking into commission-free trading platforms available in your country. Robinhood and Webull are excellent choices, both offering automatic investing.
Why only $5 a day, you might wonder? The answer is simple. This video aims to inspire people to start investing, regardless of their initial capital. By starting with $5 and then gradually scaling up as your financial situation improves, you’re setting yourself on the path to financial independence.
So, are you ready to take that first step towards your investment journey? You can start as small as $1 – the key is to start now and stay consistent. Don’t forget to check out the Robinhood and Webull links in the description below to kick start your investment journey.
🤑 Robinhood App – Get A Free Share of Stock valued between $2.50 and $200 Just for Starting ► http://sweetlifesuccess.com/go/robinhood
Feel free to share your thoughts or ask questions in the comments below. I read every single comment even if I can’t respond to all of them. I appreciate your feedback and input.
Remember, investing is a long-term journey. It will have its ups and downs, but with patience, it can yield fruitful results. So, whether it’s in the stock market or cryptocurrencies, always remember to invest responsibly.
Chapters of this July Update Video:
00:00 Investing $5 a Day
00:54 Robinhood Automatic Investing Program
01:10 Investing in Stocks and Crypto
02:36 What VOO Investment Looks Like
04:32 Power of DIVIDENDS
05:18 What Ethereum Investment Looks Like
06:32 What About the Fees?
07:37 Why Only $5 a Day?
#Robinhood #Investing #FinancialJourney #AutomaticInvesting #Ethereum #S&P500 #CryptoInvesting #StockMarket #InvestingForBeginners #PersonalFinance #InvestmentStrategy #LongTermInvesting #FinancialIndependence #Webull #FractionalSharesTrading #CommissionFreeTrading
*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
23 Comments
Check out the whole playlist to stay tuned into my monthly updates from here on out: https://www.youtube.com/playlist?list=PLLahC_U_FXc0GC9ch1EQRunpmHKmH4b7T
Really good gems my guy very very helpful information
Question so I’m a college student wanting to get into investing which ETFs are stable I want to invest long term with ETFs probably and hold. Any advice?
Thx Bob love your vids!
I started also on Jan 1 2022 with $10 on VOO a day. But this year i realized i should put money on my ROTH first, so I stopped. But because of you im thinking of continuing with $5 a day on the brokerage one 😊
I started 2 50$ weekly on schd and jepi about a month ago now, im curious to see where this will end up with. Great video!!
Dude! Your first video inspired me! I do most everything in my Schwab account but after seeing you vid, I started doing $10 qqqm and $10 Vgt every single day in Robin Hood. Excited to watch it grow!
I also did the same. Robinhood and $5 each day into crypto $3 for bitcoin an 2 for ether.
Ethereum to 10k-12k in the next bull run
What do you think about the cash management for % return? Is that something you've tried?
Open a Roth IRA and fund it with stocks and ETFs! Reinvest and its tax free!!!! If your letting it "sit" do it tax free
If I’m up 70% currently on meta, Is now the time to collect my profit or do I continue to hold?
This is so simple yet perfect. Liked and subbed.
I took the leap and put my birthday money in stocks and now adding £1 everyday and then £10 every month of when i get paid. Cant wait to see what i end up with. 😊
This is an awesome video Bob ..great Learning tools
Damn you could buy gold with that! Nice
Am doing 8$ a day into my dividend stocks and my dividends are being reinvested I can’t wait so far am at 450 for only doing it for about 2 months now
Because of Holidays it's closer to 4.5 days a week, you would need $7.80 approx.👍
In the long haul, investing is the only worthwhile venture that makes sense over time since it’s been highly remunerative for me.
I put $100 dollars every week in my Roth IRA
$8 on VGT
$7 on SCHD
$5 on VOO
Can you do a video on the advantaged on paying off a mortgage? Because of compound interest, Im trying hard to knock down ten years worth of intrest..
Can you make a video that shows what it means to "lose" money in the stock market? For a lot of people, thats a concern but they're not sure what that exactly looks like.
The market has been pretty bad until today it decided to go up. Everyone was practically crying then. She continued to dive. That's what you get when you feel like you can navigate the process on your own. Many thanks to Scarlett Morris. I am not worried about how bad the market is because my assets are insured due to your advice and I continue to receive my profits.
Even they don’t charge commission they still charge higher spread.