What Investing $5 a Day Looks Like After 2 Years (Robinhood Portfolio)
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- Опубликовано: 3 янв 2024
- In January 2022 I made a decision to start investing $5 a day into the stock market and into crypto to see if you could grow a portfolio with only investing $5 daily. After 2 years of consistently investing, today I bring you my results as of January 2024!
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✨ The Challenge: In January 2022, I embarked on a unique financial adventure - investing just $5 every day. This experiment aimed to demonstrate the power of small, consistent investments over time.
💡 The Inspiration: The idea struck me as I sipped my daily Starbucks. What if, instead of spending on coffee, I invested that amount daily? This thought was the seed for my $5 daily investment challenge.
📊 The Approach: I diversified my approach - half into the U.S. stock market and half into cryptocurrency, particularly Ethereum, to explore different investment avenues.
📈 Stock Market Strategy: I chose VOO, an ETF representing the S&P 500, allowing a diversified portfolio in top U.S. companies without the risk of single-stock investments.
💰 Crypto Choice: Ethereum was my crypto pick, a deviation from the popular Bitcoin, to add variety to my portfolio.
🧮 Calculating Investments: Addressing the non-trading days, I adjusted my investment strategy to ensure a consistent $5 daily investment equivalent throughout the year.
🔍 Platforms Used: I started with Robinhood but also recommend WeBull for its high interest on uninvested cash, enhancing the investment strategy.
🤑 Webull App - get FREE stocks when you get started - My Choice at 5% APY (limited time) ► sweetlifesuccess.com/go/webull
📅 Results and Reflections: I share detailed results of my investments, including the number of shares accumulated, market value, average cost, and total returns in both stock and crypto investments.
💭 Personal Thoughts: Reflecting on the lack of financial education in schools, I emphasize the importance and impact of starting to invest early.
🔥 Join the Challenge!: I invite you to start your own $5 daily investment journey and share your progress for mutual learning and encouragement.
👉 Subscribe for More: Stay tuned for continuous updates on this journey and more insights into smart investing.
#investingchallenge #financialeducation #investing
*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.
$5 after 2 years. What will January 2025 bring?? Only time (and consistency) will tell!
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Hi Bob, looks like the free share window for the webull link expired on Nov 30. Do you have a new link for sign up? I was thinking of leveraging the referral bonus.
2015-01-01 till 2024-01-01 5 dollar a day wil be around 12.300 dollar invested and would have been worth 2.1 million
@@fatalityish hello! The link should now be updated !
@@CryptoFocus wow!!!!!!
Started doing the 5 dollar day challenge about 3 months ago 🤯 I didn’t even realize how much it grew granted it’s a small amount but just the thought of not even thinking about it and just doing it makes a HUGE difference
Nice!!!
Can you tell is your current numbers
Yes automation is key…I’ve noticed when you take the thought process out of the equation it’s easy…just a waiting game
I started doing $5 a day in 2020. Upped it to $10 a day last year and started doing $50 a paycheck too, going to start $15 a day for the next year. I save for a good dip and buy $500 of something when it seems good a few times a year. I hit big on a few things and its been fun to watch the money grow. Compound interest and dividends are the only way to not work your life away until your too old to enjoy it. This method works and it works well, everyone should be doing this.
As a college student you inspired me to get in the game even with just a little so that once I get the degree and am making real money I can have a start on my portfolio! Thanks Bob!
That's awesome! Keep me posted on your journey!
Thank you so much I saw your video last year and invested in an index fund and ended up 25% up for the year and was able to save a good chunk of cash
doing 20 dollars a day in my ROTH IRA, hoping to bump it up to 25 and max it out for 2024! Started back in august after watching one of your videos. Currently up about 8ish percent +200 dollars, and I know the market will go up and down but the main takeaway from these videos is to keep a consistent strategy and stay in the market.
And in a Roth IRA - that's on point!! Tax free growth for the future!!
Let’s keep it going for every year if possible, great video btw
Fantastic idea! Great video 🎉
Thank you!! 😊
I couldn’t wait for this update!
Glad to be back at it! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
Thank you for this video I was hoping for an update from you Sir.
More to come too! Here’s to a strong 2024!!
Found your video last January and did the $5 challenge into VUG. Also did $25 in to BTC and $25 in ETH. Huge gains over the last year. I have 3 other brokerage accounts with less risky investments. So this account is just a fun challenge. For 2024 I’m going to increase to $10 a day and keep going with my crypto DCA. It will be fun to see where this account sits in 5 years.
Most investors need to sit tight n get on with life, let the money work!
you inspired me!!! love the content
Awesome! Thank you!
You showed the gains, which was good. I think it would be even more impactful to also show a graph over time of just how much is in the account because just saving 5 bucks a day without any interest or investment gains will build up quite a bit. I think the other thing to show in the future would be what the account looks like after 10 and 20 years. Someone starting this when they are 16 at their first job will have quite a pretty penny saved by the time they are 26.
Thanks so much for your expernation am interested. Am understand gradually
thanks for this video! subbed
Thanks for the sub!
Thanks Big Bob
Thank YOU!
Very informative!
So crazy how fast mine portfolio grew to! Thanks for the tips! 🎉
Really cool video. I really appreciate your content
I appreciate that!
Love these videos!
So glad! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
Hey Bob, I loved this video, your last year video inspired me and I now invest $50/day into the stock market on a recurring basis on top other tax free funds!
Sounds great!
Thanks, Bob I have been watching for this update. I'm trying to get my son involved with investing because he is 28 years old. I wish someone would have sat me down when I was that age and said hey kid pay yourself first.
Even though I'm frugal and I invest in roth and traditional IRA, your vid gave me a very doable, and realistic idea here. Thanks for doing this. This will help me out and I'm sure it'll help out a bunch of other folks a whole lot as well.
Very informative
Glad you liked it!
I do believe you are my new Stock Guy! I’m going to try my best to get my $5 a day going. Wish me luck 🍀
Awesome! Keep me posted on your journey!!
Hey Bob! Ive been following this journey of yours ever since i found it around the 6 month mark. I recently started this journey on my own with a little less because of financial status but hopefully I can see some good results in the future! I love the videos but I would appreciate it if you could also include the profit from the previous month or year… just something for reference to see how much your profits/losses changed within the video. Keep up the amazing work and Happy New Year!
Please do update every few months really interested in this
Great video
I've been following this challenge since August of last year and was inspired to open a Roth IRA and start investing daily that same month. So far, my portfolio is up 8.16% after 5 months with all of my investments being in the green. Not only am I making money for my future, but the challenge also helped me to spend less on unnecessary purchases and invest the money instead.
That's awesome, congratulations!!
This was a fire video. Gives us 30 year old hope. I would add a drip on the dividend stocks.
I've been investing 6 months. Been doing the daily challenge.
$4 a day in SCHD I have 4.7 shares now up 4.46%.
$2 a day in VOO I have 0.71 shares now up 4.26%
Love this segment. Keep it up!
Thanks! Will do! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
Nice video! I'm DCA-ing monthly into VOO and ETH.
Nice!
I’ve started doing this, this year but £3 a day for now into the s&p500 so I’m looking forward to growing it slowly and I’m only in my mid 20s so if I do it for 20 years and maybe add more and more little by little it’ll grow a lot!
how much u did make
@@vanci2039 nothing yet as I’ve just started
This is amazing encouraging experience i don't like to see RUclipsrs only showing 6 figures portfolios
They want views so the bigger and more extreme the better… yeah but they must know that makes them a minority!
smart man .. thanks
I watched your other video $5 a day vs. monthly investment. Currently doing monthly and quarterly. Now, will do the $5 a day challenge for all my investments and let it ride the 25 years I have until I retire!
You have a new subscriber Sir.
What is missing here is the impact on your taxes, which depends from country to country (a lot). In some countries, it's way better to be in debt, in others it's better not to be.
Great job as always! Ive been doing similar to this back from Aug 22 after seeing your video just swapped VOO with US SMALL CAP as Voo is already part of my FIRE portfolio. Lately what I am also doing is waterfalling the dividends i get every month into Bitcoin as a wild card. Same thing got this idea after watching your video regarding DRIP and Waterfall effect. Will see how it goes :)
That is awesome! I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
I’m joining. I already have some Crypto, so I will start with the stocks as soon as I figure it out.
Sounds good. I'll be updating this series every month to two months. Also will be back on the channel with New Videos every Monday & Thursdays.
When I was in school, we peons didn't have access to the brokers. I didn't get to deal with a broker until I was in my mid 30s. Even them it was like 5K minimums to get in and trades cost you. Now I have webull and Robinhood with daily buys on auto and If I were 18 again I'd be all over this. Its been working well and I thank you for this brilliant idea. I also do 1.00/day into etherium now for humour value, lol.
With humor value, i do $1 in etherium, bitcoin, xlm, shib, and dodge.....
Yeah you're right - that is a good point on the old days of minimum trades, expensive commissions, and a very high barrier to entry. Those who are younger now really have an amazing advantage!
@@BobSharpe Now if we could only manage to get them the ability to use it.
My man quoted hodge twins 😂- all kinds of gainZ bro haha
Haha yes!!! I was hoping someone would notice that - thank you!!
Glad I came to this. I’m going to do $5 challenge but I’ll put it on TQQQ. See you next year!
Thank you for watching and for your support! I'm excited to see how your $5 challenge on TQQQ turns out. See you next year!
This is fuckin' awesome. Very eye opening. Anyone can do this.
Yes!!!
Can you make a video on three fund portfolio, investing $5 to each fund and show potential returns on them. Thanks
Yes, it would be great to see it on a bogelhead portfolio.
I'm going to start doing this, too. I can't wait.
Nice! Keep me posted on your journey
@BobSharpe Thank you. I will do it!!
I think this is awesome. It encouraged me to open a Webull and a Roth IRA. You nailed it at a coffee a day. I think many of us have more that we can shave out of our habits than we want to admit. I hope others that have watched this and are encouraged consider following along, and if they haven’t already open a Roth IRA too for long term tax free gains.
👍🏼🍺 Good video.
Thanks
You're Welcome!
Nice video! I do have a question… what’s the difference between doing DCA monthly vs doing it daily? Thanks !
I got you covered with this video: ruclips.net/video/hkB92CVI-6A/видео.htmlsi=QJeB9WSRJi6aSouR
I used the Pythagorean theorem in construction to build anything that required a 90-degree angle, i.e., foundations, stairs, walls, roofs and all kinds of other stuff... other than that, I have no use for it.
That's a fair use of the Pythagorean theorem!
Watched one of your other videos and started doing the $5 ‘a day’ thing back in August. Currently up 6.5%. Not bad and I like the idea of
how much u did make
@@vanci2039brother that is simple math 30 days a month times 5.5 months times 5 dollars a day times .065 . He’s made around $53 .
I use pathagrenm theory at work in construction lol
You The Goat 🐐
With Crypto’s you just have to understand the bull and bear markets understand when you need to accumulate and understand when the halving is, not to mention major news like BTC ETF and take your investments out once they’ve reached peak. Bit more hands on but more returns, but great to work in conjunction with investing in stocks.
Robinhood actually do offer 5% interest on uninvested cash. It was 3% then went to 5% after the last rate hike last year.
True but I’m pretty sure you have to have Robinhood gold
Yes! But that involves paying for their Robinhood Gold service, whereas Webull offers it without having to pay for a service
Wealthfront offers 5 percent on cash account. Let's you keep it on a card. So u can choose to spend it if u wish.
@@Chris-is-awesome nice!!
great video!
what about brokerage fee/commission while 5$ is invested daily?
I should document what i just started doing. Im investing $274 a day over the next 4 years. That is $100,000 per year. Im splitting it 3 ways. VOO, SCHD, and VGT. It ought to come out pretty well. I just started this week 😊
How Much you made?
That's awesome! For others who make less, the formula to 100,000 is 1041.00 per month, for 96 months. 8 years. About 260 per week. Actually less time because the profits and compounding will get you there much faster.
Very interesting video. What would happen if you skip a day do you have the choice to do that? Do you automatically do bank transfers? What is uninvested cash?
2 years, damn time flies
I know!!
I have told my friends about this $5 a day and I usually get a dumb look from them. Personally I have been doing $35 a day for almost 3 years now. 2022 was ugly but 2023 made up for that. Hopeful for another 25% return😂
Haha they will have even dumber looks when they see your portfolio 5, 10, 20 years from now!
I'm starting a job in two weeks with full time hours so I'm really happy to get started investing more into my account again, I have shigh of 2k, and I plan to save to at least 100k
I'll join you on the five dollar challenge Bob...lol , that are your thoughts on losing a zero on shib?
Awesome! As for shib, it lost a 0 in December but gained it back recently. I really want to see some good productivity out of the devs on shibarium and the burn rate. Less supply should help us drive up that cost!
Instant follow when you said " pythagorus theorum " i sau the same thing ive never used this & i never will its a joke the subjects i got taught in school
Haha right?? I still don't know why we learn all of that stuff in school
I did 200 bucks a week and ended the year with 10.8k plus the dividend I think I'm gonna start another portfolio in my Roth with 10 bucks a day for this year
What investments? VOO?
What platform are you using for the ETF and Crypto?
I understand the modified "avoiding lifestyle creep" concept... Just wish the GF would put $5.00 into the stash jar every time I make her a morning cup of homemade S-Bucks... ::sighs:: Instead, I informed her to NOT expect an improvement of our social lives when "my pensions" started because I wanted to put away 3 years of income/benefits first. Two years and roughly 3 weeks later I have a 13.8K account with Charles Schwab and a 12.5K C D Ladder (already had10K) as part of my Emergency Fund
Compounding truly is the 8th wonder of the world. The yearly return on $VOO since january 2018 is 13%. With 5 Dollars a day and daily compounding that would be approx $16.9k. Take the same historical yearly return and give it another 6 years and your investment is now close to 54k! A small sacrifice of $5 a day can spiral into quite a decent chunk of money!
That's so awesome!!
When I have the throw away money, I'm going to do this with the Dow Jones, Nasdaq, S&P 500, Russell 2000, and the total stock market and compare them after a year. Just a $1 each on every trading day is the plan. While still focusing on my current strategy
At least 24% of the gains of the total stock market has been attributed to the top 10 holdings alone, which are big tech companies. Exactly one year ago, if you had invest say $5000 into TSLA when it was a price of $113 roughly per share, today you would have doubled your investment = $10,504. This means the wealthiest people got much wealthier last year.
Easy to talk about growth. How do you pick a stock if you are not educated about the stock market?
How much did you pay on fees for doing a buy every single day??? I do trades every single month and dollar cost avg that way.
I'd suggest M1. instead of investing in to the ETF you could create a Pie for those stocks and have the funds buy the pie slices.
My only challenge with trying that is if one of them falls off and the company goes down, you have to figure out your M1 pie. With VOO, the index automatically adjusts the holdings for you with no worry. For example, years ago Cisco and Exxon Mobil were big players in the S&P 500. When they went down and the likes of Apple and Tesla started rising up, VOO adjusted....but for the M1 Pie, i'd have to remove it from the pie just in time without losing a good chunk of my money
Inspiring video - are you planning on increasing your daily investment amount or adding any investments?
You inspired me to do this challenge but I have a question tho is it smart for me to invest $5 everyday with my checking account I just turn 18 and i’m kinda new to do this so yeah any advice would help 🙏
Nice hodge twins reference😂😂
Yes!! Thank you for noticing that 😁
@@BobSharpe a man of culture I can tell😂💯 definitely resonates with me😂
What platforms support daily investing?
Does Webull supports it? How to set it up in Webull?
I started $4 a day in BTC Nov 2022. So far I'm up over 60% on my money. All I had to do was stop eating out for lunch everyday. Just goes to show how a little saving can really go a long way.
Amazing!!! Congrats on that 60%!!
I am going to start this challenge but as a college student I'll be doing 5$ a week
Every little bit counts - that is awesome!
When you automate the purchase, does it purchase the stock at the begining of the day every day? or mid day? or end of day? or when you initially started the automation?
Great question! It’s the time you initially started. Mine was 1:32pm (EST). So each day around 1:32-1:35pm the order is placed
historically speaking, do you think that would be better at opening of the day or close of the day? @@BobSharpe
Great question but doesn’t seem to make a huge difference when looking long term
i do the same..... except i only buy on red days only so the extra days off i buy more with what it left over from the day before that i didnt buy
usually i dont invest this often meaning everyday. Usually i will just drop like 20k in one shot and redo it the next year.
I’m a newbie. I just started watching your channel. I want to try $10 per day.I have a question for you. Do I need to wait for the price to drop? Or I can do it now? The price is so high right now
That's a great question. When I started in January 2022 the prices were pretty high since we just came off of the 2021 stock market highs....but I decided to stay consistent and just get started with $5 a day. I'll say that the first year of 2022 my portfolio looked awful. I was down $300 in Stocks and probably right around the same amount for crypto. So last year people were laughing at the portfolio. But I kept going and then the results you see today are from that. So I'd suggest considering a plan and sticking with it, even if it looks wild one way or the other.
I started doing $5 a day maybe 9 months ago and I'm over $1k!
we need a update!
I started doing that as of this week
Bro is spending 5$ a day on coffee and im sitting here in Malaysia earning 5$ per week on a ricefarm 💀
Sarawak 😂😂😂😂😂😂
Yeah but coffee probably cost 15 cents there
I started today 5/28/2024 let's see how good the market does in the next two years. $200 initial then $7.27 a day.
Do you do only Roth IRA or brokerage tax account?
Down 3% first year then up 13% the next… not bad at all! Would that be a 10% growth from Day one or 13%?
with the taxes and fees included, is it better to invest daily or weekly(or monthly) investing instead?
If like to start this for my daughter currently attending college. How and where would I start this challenge. Trying to give her a better chance than what I had in my 20s, 30s, and 40s.
According to portfolio visualizor. If you started with 7 dollars a day in 2015 and contribute 1827 since 2015 which is the 5 dollars a day. You would have 30,725 dollars.
If my calculation is correct in 9 years that would be enough to buy a brand new camry.
Keep in mind this is based on past performance of the sp500
How do you get by the .99 cent fee if you invest in ethereum everyday?
What about your Tesla, Bob?
Stocks made Warren Buffet a Billiionaire. I would put most of money in the stock market and would like to pick my own stocks instead of a index fund.
I started doing this a couple of years ago. $10 a day, and I buy major tech stocks (Apple, NVDIA, Google, etc) and into an SNP500 ETF, today im looking at close to 40% ROI … does that sound right??? Almost too good to be true… I am planning to stay in the long term plan for at least 10 years
Hey Bob, I was wondering if you would still invest $5 into cryptocurrencies if there was a fee of $0,99 or would you only invest into the s&p500? I really like the honesty and openness in your videos!
Thank you! :)
Dollar cost averaging works. That is the end result. What a pain in the sss to out 5 dollars a day, everyday for two years. Rather trade the total sum and you would not have to give up your coffee. 😢
For sure! And yeah it can be a pain unless you do the automatic investment - then I don't have to log-in and physically make the trade daily.