How To Become A Millionaire: Index Fund Investing For Beginners!
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- Опубликовано: 3 авг 2024
- Index fund investing for beginners! Index fund investing is a popular investment strategy for many DIY investors. It’s a strategy that Warren Buffet recommends, and its one that I personally use myself in my Trading 212 portfolio. Today we’ll talk about what is an index fund, different index funds to invest in, the fees, expected investment returns and what platforms to use to invest in them, and much more!
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00:00 Intro
00:47 What Is An Index Fund?
03:18 Different Funds
06:11 Costly Details
08:20 Investment Returns
10:57 Platforms To Use
📷 Instagram: @mitchinvesting
#IndexFunds #Trading212 #IndexFundsForBeginners
Disclaimer: Your capital is at risk. Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only. When investing, your capital is at risk and can go up in value as well as down in value. You should consult a suitably qualified professional when seeking out investment advice in order to fully understand the risks associated with investing.
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Happy Sunday guys! If you’re looking to start our index fund investing click the link to Trading 212 to get 1 FREE share valued up to £100: trading212.com/promocodes/MITCH
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Leicia Zavala Perkins is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
i love these videos they keep me grounded, thank you
Can't wait for when I'm 83 years old with £1.2 mil in the bank
😂😂😂😂
😂
Hahaha
😂😂😂😂😂
Thanks for the advice - would you recommend commodity ETFs too?
Awesome 🔥
I guess losing 5-0 to Palace is equivalent to a mauling in a bad day in the market
It is indeed 🤦🏼♂️
Great video. Please could you make a video about selling a portfolio and what taxation would come into effect. Thanks
Thanks Paul, if it’s held in an ISA there is no tax to pay on any of the proceeds 👌🏼
I have about $250k distributed across various investing accounts, with 35% of my capital invested in an IRA and 25% in index funds. In Q3, 2023, I suffered a great deal. I'm just searching for methods to get better in 2024 right now.
Okay
When you was talking about the 1 free share and then Ainsley Harriott popped up i couldn't stop laughing 😅😅. Im a new investor and you are giving some great advice.
Im definitely going to look into the stocks you mentioned.
I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be the universal currency
Hearing it last week got me scared so I agree with you! Investing puts money to work. The only reason to save money is to invest it
Same here though I started with as low as $15,000, actually because it was my first time and it was successful, she's a great personality in the State
HOW DO I GET ON THIS?????
Exactly, Get the app installed and search her up using the name above, make sure there's no added letter or number.
I've seen plenty people talking about this Knox Jarrati she must be very amazing for people to talk this good about her
Top vid 👌
Thanks Aidan!
Hi Mitch - great video. One thing is confusing me. Do you suggest putting in an amount each month into the index fund? You mentioned you started with £400 every month. Was that consistent irrespective of the fluctuations in the share prices? Or do you ignore that and stick to the consistency. If it does well though won’t you always be buying high?
Hey, thanks! I did £400 a month because that was what I could afford at the time and invested it automatically irrespective of the stock market prices. I did invest more when the market collapsed in 2020 on a couple of months to capitalise from lower market prices but generally I’d say invest what you can afford, and don’t worry about market timing ☺️
Mitch any chance of a vid on how you set up your property flex. Guessing through a ltd company?🤔and how exactly do you pay yourself? Ta 🤙
Hey, I have got a video on the channel somewhere about exactly how it’s set up! I think it’s a video called “how normal people can become rich” I made it a few months back. But yes, the way it’s set up is through a Ltd co, and is funded by my RUclips business (also Ltd co). I’m currently employed so I don’t take any money out of either business account, so hopefully I’ll be able to reinvest the money quicker ☺️
Boring ETF investing, is the best ETF investing.
I’ve held mine in the S&P and an All World for years. I’ve only really just started on individual stocks as my disposable income outgrows my ISA & Pension ETF allocation.
UTV 😉
My old man used to play for & manage Villa, so I didn’t have any choice in who I supported 😂 hopefully see you down VP one day !
Completely agree, about investing & the Villa 😆 Brian Little? Just taking a punt based on your username lol! I’m usually in the North Stand, give me a shout if you ever spot me in the crowds!
@@MitchShoesmith yep, that’s the one 😄 I stick to the prawn sandwiches in the Trinity 😂
Up the Palace haha (ps im a gooner!!!)
😂😂 no comment!
I am confused. You are speaking about buying index funds but you actually bought an ETF, isn’t that right? Can you buy actual index funds on T212?
Or am I confusing index funds with mutual funds?
I started about 4 years ago and have a t212 Dollar account and when my sister recently signed up she didn't get to choose between currencies and just got a Euro account.
We're both german, so I'm wondering why?
I mean I like my dollar account the FX rates favour my investments, but just curious 🧐
Also I have to send my money to London while she has to send it to Cyprus lmao
Hope your portfolio does better than Villa will in the Champions League.
And me 😂
My Champions League expectations are low!
Great video Mitch!
One of my mate's bank account was hacked and Halifax closed his account down thinking he's the scammer.
Now he keeps getting rejected f4om every other bank.
What can he do?
Thanks!
Gosh that’s a difficult one, only thing he could do is call up the customer services line to see if his account can be reinstated. Financial Ombudsman may also be able to help too.
@@MitchShoesmith thanks for the advice. That's actually really helpful because we weren't getting anywhere with citizens Advice
great vid - when does the fund kick and promote companies out of the index? i.e. how often does it happen..
Quarterly :)
The problem is 1.2mil in 40 years isn't as good as it sounds right now. Perhaps inflation adjusted would also be useful to see
In the same way whatever he's indicated as the monthly payment won't be worth as much in the future so in the future you'll be paying in monthly much more than you are today?
That's why many use 6 or 7% as a realistic rate of return as it accounts for inflation and as such the final figure given would in effect be in "today's money"
@@BaileyMxXYes I know, I think it's just worth explicitly mentioning an inflation adjusted amount
@@joshb7326 just use 7% returns then. There's your inflation taken into account amount. It would be the equivalent of today's money
Where would you recommend me saving my emergency fund
In a high interest savings account, or cash ISA where you can gain access to your funds at any point
@@MitchShoesmith That’s what I was thinking.Thanks for the reply.
thoughts on palantir right now
Price is to high, wait til it hits 15€
It's crap
If you want big earnings buy abcellera biologics. Its going to triple youre money in 1 year. Take a look at it😉
Come on Mitch I thought you were better than all this Aston Villa nonsense, up the baggies 😂
😂😂😂
Only 5 years left .
eyy, don't call me a beginner