What Investing $5 a Day Looks Like After 485 Days
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- Опубликовано: 11 сен 2024
- Welcome to my "$5 a Day Investing Challenge" where I show you my journey investing in the S&P 500 and Ethereum every day for the past 485 days! In this video, I'll be sharing my results and insights into beginner investing strategies, focusing on the Vanguard S&P 500 ETF (VOO) and Ethereum cryptocurrency.
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If you're new to investing or just curious about how a consistent, daily investment approach can impact your wealth building, this video is for you. I'll take you through my decision to cut back on Starbucks expenses and instead invest in my future. This challenge is perfect for anyone interested in investing for beginners, wanting to learn about VOO, Ethereum, and how to get started with investing.
In this video, we'll explore:
How cutting back on small expenses can create big opportunities for investing.
A comparison of my results investing in Ethereum and the S&P 500 stock market (VOO).
The importance of a long-term investment mindset for wealth building.
The role of dividends and compound interest in growing your investments.
The journey started 485 days ago when I decided to invest $5 a day into both the S&P 500 stock market and Ethereum. I'll share my progress and the ups and downs of investing, as well as the potential benefits of this approach for beginner investors. I'll also discuss the importance of having a long-term perspective and how investing in a diverse range of assets can help protect against market volatility.
Whether you're new to investing or just interested in learning more about the process, this video will give you valuable insights and tips to help you get started on your own investing journey. From understanding the basics of VOO and Ethereum to learning how to cut back on unnecessary expenses and create a solid foundation for future wealth, this video will provide the guidance you need to take control of your financial future.
So, join me in this journey and let's learn together how to make the most of our money and build a secure financial future. Don't forget to like, comment, and subscribe for more updates on my investing challenge and other valuable content on personal finance and investing.
#InvestingForBeginners #VOO #Ethereum #WealthBuilding
*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.
This is Bob's world , we're just living in it 😩
I invested $1,000 and I’m Dian to $22.85 left. 😂😂😂😂😂
so happy to see you keep this gonig
I checked your last video on this series yesterday, now you uppload the new one ! Feels good
Been watching your channel for some weeks now, appreciate the knowledge bro, you just motivated me on this one like frfr. 👍🏼 😎 💵 🏃
Thank you soooooo much for sharing this info with us. I’m just now getting into this and you’re helping me a great deal.
1 yr later how ya doing
Keep these up man. So encouraging. 👍
Sure is 1 of the best ways to invest and it is always fun watching how you do. Buying all over the board works well. And reinvesting the dividend is good thing to do also.
Since there are 250 trading days for the US Stock market you can invest $7.30 per market day to invest $1,825 for the year.
Great point Todd!
Just. Keep. Buying. Don’t wait to invest. Invest then wait.
Actually you did very well with your investments. In a down market, one cannot expect positive returns doing what you did.
Oh! That ending of the video was on point!
Thanks! Can you please make a video of examples of 4 separate ETFs to buy that each one pays a monthly dividend, but with different Ex dividend dates so it would feel like you’re getting a weekly paycheck instead of waiting ALL MONTH for the next payment? Also incorporate your theory of waterfall investing into it if you can.
I’d like to see monthly paying dividend stocks/ETFs that pay every month but 4 that pay individually each week of that monthly payout. I ETF/stock #1 pays the first week every month, ETF/stock #2 pays the second week of every month ETF/stock #3 on the third week and then #4 on the fourth week
How much do you have to pay on taxes when you cash out that crypto/stock?
Did he say, " 485 days a year.." at the 5:16 mark...?
Yeaaaa I was like huhhhh
😂😂
Follow his investing not his math
Yup he messed up, but you know what he meant right? 485 total days of investing
Good like always
I remember that first video. Very interesting! Thank you.
One of the good things also about etheirum... is if you hold on coinbase. You can stake your etheirum. And gain interesting your total investment. (It does bounce around but currently averaging 4% apr)
Bobs thumbnail on this video reminds me of that BKNG option call I closed yesterday 🤣 +$4800
the camera quality is insane
Man that number is about how long the Ukraine war as been raging!
Cant wait for the next video , you are gonna do this updates 4 in 4 months right ? Or will you only do it yearly ?
What up sharpies
👋👋👋
Hello!!!!
Yo bob whatcha think about my cool new name? No longer am i that other guy who calls scammers and tries to get scammers to play minecraft. I'm doing it cause I'm b thinking about making some videos and dont wanna have personal info attached to it.
with the taxes and fees included, is it better to invest daily or weekly(or monthly) investing instead?
i love this series
Would really like to see your take on the stock ideanomics.
Thank you for the inspiration to start my on 5.00 a day investment.
Great video and the motivation. When you invest in a Roth IRA in Robinhood they match 1%. That's free money. I do $50 a month each in VOO, SCHD, and QQQM. This is my plan for the next 10 years.
You set up a Roth IRA through Robin Hood?
I have both like you just not qqqm, how is it working out for you? I’m looking for a third etf to add on to voo, and schd
@@rsabblut892 QQQM is great. When I first started investing in it, it was 110. It’s going up about $50 in less than a year or so.
If you would’ve done five dollars a day since the year 2014, you’ll be sitting pretty right now
Bro think's a year has 485 days even in the title it is 485 days( sorry for my bad english😂)
Nice thanks for info
Welcome!
I'm going to try this method
Wait why multiply it by the average cost of etherium and not the current price?
$47.00 in over a year investment. Really not to good
Doesn’t matter still can’t be a savings
Love the content! What are your thoughts about buying shares of total market etf or mf and leaving to grow for a few years , then selling off to take the family to a bucket list vacation?
Too bad you didn't buy Starbucks stock, you'd be up around 40% for a year
Thank you for this. I think you’ll read this because I’m the first one on here.
If you think you're addicted to Starbucks after one or two coffees, you have literally no idea what addiction actually is 😭
What app do you use for crypto
Very nice 👍❤️
Is there an equivalent platform in the UK that allows investing a set amount each day? Robin hood not available in UK currently.
I use scalable capital in germany, might also work in the UK
Other than webull and robinhood which is not available in our country. any other broker than you know of that's available in the Philippines?
eToro or etrade
Give me a billy,I will make it do what it do 🤷🏾♀️
Cryptocurrency is a highly speculative asset 🤨Not really an investment for wealth building
Speculative if you have no clue what you’re doing. Can build a lot of wealth if you do your research properly
Don't forget about taxes.
You don’t pay tax if you hold it more than 1 year. Just like how this guy said he’s holding it till 10 years
You still pay taxes after a year? After a year when you still its long term capital gains tax.@@yokingdk5139
Anheuser Busch will not like your take.... Lol
i am buying when the bottom hits,,,they will be fine in the future,,,they are huge and will be around forever
10 years is too long 😂😂😂 maybe 1 year or 2
485 days a year??? 😅
Waste of time
Then don’t do it 😁
Waste of time, stay poor then?