How To Invest In The S&P 500 (EASY Step By Step Guide!)
HTML-код
- Опубликовано: 19 июн 2024
- How do you invest in the S&P 500? In order to invest in the S&P 500, you will need to pick a broker, open an account, find the fund, transfer money, and purchase the fund. I will go into depth on how you should go about selecting what broker to choose, what fund to choose, and how to invest in the S&p 500 going forward. I also have some tips on how you should consider broadening your investment strategy.
************************************************************
All Of My Favorite Financial Resources:
www.oncashflow.com/resources
How I Track My Personal Finances:
www.oncashflow.com/track
Investment Platform That I Use:
www.oncashflow.com/invest
My Favorite Calculator For Financial Independence:
www.oncashflow.com/retirement
Software I Use To File My Taxes:
www.oncashflow.com/tax
Products I Buy To Save Money:
www.oncashflow.com/shop
Get Personalized Consulting From Me:
www.oncashflow.com/consult/
************************************************************
#indexfunds
#sp500
#Investing
************************************************************
Timestamps:
0:00 Introduction
0:38 How the S&P 500 can make you rich
1:29 Step 1: Choose an investment broker
3:00 Step 2: Open an appropriate investment account
4:00 Step 3: Locate an S&P 500 fund
5:20 Step 4: Find Minimum Investment Required
7:00 The price of the S&P 500 fund
8:20 Make automatic investments
9:50 Consider diversifying investments more
11:38 What to do next!
************************************************************
This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Before making financial and legal decisions, consult financial and legal professionals licensed in your jurisdiction. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@MartinArthur-9000 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@Chustinasarah My advisor is Victoria Carmen Santaella;
You can look her up online
@@MartinArthur-9000 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Folks, I’m 55 as the time of my watching this video 12-4-2020. I implore you young people. Invest your money. Stop with the materialistic living. Those $200 Jordan’s are going to wear out. When you’re 65. Those clothes and shoes won’t build wealth nor pay your bills. I wish I was smarter with my money when I was young. I subscribe to the Dave Ramsey quote. “Live like no one else so that later you can live like no one else”
Thank you, sir, for sharing your wisdom! I agree with every word!
Still got a good 10 to 15 years.. invest todY
Im 19 trying to start with investing i don't really understand the s&p 500 and how to invest in it or what a broker is it like the app degiro? Because i use them
@@melo..... take this advice from an old man who was extremely foolish with his money when he was 19. 1. Save your money. Don’t buy the Jordan’s, or the name brand clothes. Those things don’t appreciate in value. 2. Don’t waste your money on impressing girls. Let them think you’re broke.
I already do all those things hahaha i really am thinking about my Future some say even to much
Treat monthly investing as just another “bill” to pay.
It's my biggest bill every month!
THIS I NEEDED TO HEAR THANK YOU
@@OnCashFlow After I buy a bunch of VSP, do I need to do anything after? Do I just wait like 40 years without touching anything?
@@asdasd-lq2hd depends on what your goals are. You're wealth will grow faster if you continue buying more shares over those 40 years in addition to letting compound interest grow it on his own.
@@OnCashFlow can you explain how compounding works on s&p500. Let’s say I bought 10 shares at 100$ each, total 1000$. 1 year later it goes up by 10% so now my shares are worth 1100$, how am I suppose to reinvest that 100$ without selling my shares? It’s not like I get that 100$ by interest or dividends.
Always told myself once I had a stable job and turned 25 I would start investing as much as I could in the S&P 500. Well that time has come. Thank you so much for this. This is exactly what I needed to see.
You are welcome! I wish you the best on your investing journey! Never stop learning!
So please explain this to me. If I invest every month in the S&P 500 can I get money from it every month or do I just need to wait until late in my life to sell it and earn my money?
@@5thdimentionalbeing367 Mosty likely, you should invest and wait so that the investments can grow and compound for you so that you can retire and withdrawal from those investments to live on
@@OnCashFlow I appreciate it
Very informative step by step video 👍🏻, one that folks really need to watch. I’m 65, finally retired at 60. I have 35% of my capital invstments in an IRA, 25% in the s&p 500's, and the balance spread across other investment accts. I receive income from rental property too. Zero debt. Everythings working well.
Awesome!
Very helpful video thanks 🙏🏼
I’m 35 (will be 36 in a few months) and while I’ve always been pretty frugal, I’ve made the mistake of keeping my money in bank accounts, and a considerable amount in a checking account, which is literally the equivalent of burying it. I now have most of it invested, so I’m glad I realized the value of it when I did.
I still have plenty of years ahead of me (I don’t plan to retire until at least 65, depending on how my health/energy level is at that time), but I cannot get back the years behind me spent with my money sitting in bank accounts.
It's true, you can't change the past but I am very glad that you are taking control of your future!
I love how simplistic his video room is and the plant he has on his desk shows how he can put in little effort to feed the plant and it will grow strong just like how he invests in his life.
Thanks! Some would call it boring, but I like to refer to it as minimalist lol! Thank you for watching! I life to believe my more recent videos have gotten better though, so I would love it if you could check them out :)
I was very confused about how to get started, this video helped a lot
Awesome! I'm so glad you found it helpful! I hope that more of my videos can continue to help you out!
Thank you for the excellent video. I was so confused on this topic before watching this topic. It explained everything very well. The best part that I liked was when the screen was shared and you showed how to find the SP500 by filtering. Thank you again.
Thank you so much for your generous comments. I really appreciate you pointing out the most helpful part, this is really helpful for me to continue providing value in future videos :)
This is a perfect video, no over explaining, no fillers. Just straight knowledge, earned a sub solely on showmanship and the amount of info.
Thank you very much! I like to think that I have gotten even better since with my newer videos! Please let me know what you think!
This channel is just awesome! Very accurate information and well delivered.
Thank you so much!
Thank you!!!
This was a tremendous blessing!!!!
You are awesome 🙂
Thank you so much for your kind words, I really appreciate it!
Thank you for the knowledge, great video.
I'm glad it was helpful! Hopefully I can continue to bring you great knowledge in the future? :)
This is literally the first video I've ever watched about the S&P and investments. Your video was great really helped me understand the basics
That is so awesome! I'm really glad it was helpful! I hope that I can continue to help you going forward!
Clear and straight to the point, thanks!
Thank you! Happy to help!
This video helped me a lot! Thank you!
Awesome! I'm so glad that you found it helpful!
Really appreciate your help. Wish you the best man💪🏿💪🏿💪🏿
Thank you so much! I'm very glad that I could help you!
Great information ,thank you for sharing
No problem! Thank you for watching!
THANK YOU FOR THIS INFO!!!
You are very welcome! Thank you for watching!
Thank man great info ⭐⭐⭐⭐⭐ vanguard was a the top of my list
You are very welcome! Thank you for watching! Probably can't go wrong with Vanguard! 😀
Getting started thanks to you.
You are very welcome! Thank you for watching! I wish you the best of luck!
This video was extremely helpful! Thank you for this helpful information. Like someone else mentioned, I appreciate how you kept it straight to the point.
Awesome! Thank you so much for the kind words and positive feedback! :)
This dude actually explained what I have to do and I actually understood
Yay!
Subscribed. Thanks for this video
My pleasure!
Just subscribed loving your advice
Awesome! I'm glad I could help!
Thank you for this. I just opened my Fidelity account, and will be investing in the S&P 500.
You are very welcome! Thank you for watching! I too started with Fidelity. I wish you much investing success, keep at it!
How’s it going so far?
Really Helped, Subscribed
Awesome! Thank you so much Amar! :)
This is so helpful! All of these other videos are information overload, thanks for making this
Awesome, so glad it was helpful!
Great video I’m new to investing and this video was great
Awesome! I'm so glad you found it helpful, I hope that my other videos are just as helpful to you!
great video, thank you for explaining how to get on s&p 500, so very informative 🙏🙏
No problem, I'm always happy to help!
great information thanks for the video
No problem my friend, I'm really glad that you enjoyed it! I hope that you will find some of my other videos helpful as well! :)
GREAT CONTENT!!!! STRAIGHT TO THE POINT!! THANK YOU !!
Woohoo! Appreciate your comments! :)
Thank you, this video is helpful.
Thank you! So glad that I could help!
Great video! Thanks ❤
Thank you!
Huge thanks my man I’ve been in a google worm hole trying to figure this thing out
I'm so glad it was helpful!
Very informative, recommended.
Awesome, so glad it was helpful!
This was great! Thank you
Thank you so much! Glad you enjoyed it!
Thank you for this video! Just saved my first 10k. Definitely going to invest some into smp500
Alright! Hopefully, this is the start of something big for your future! :)
Bro thanks for this I understand now.
You are very welcome! Thank you for watching!
Every time I watch an investment video I feel so unmotivated & can never start but after watching your video, I CANT WAIT to start. So glad I came across your channel. Subscribed!! ☺️
Wow! Thank you very much! I'm so glad that it was helpful! I hope that I can continue to impress and motivate you 😀
Str8 up
Clear & Concise, Thanks buddy. Suscribed!
Awesome, thank you so much! Glad you liked it!
Thanks for the clear video! You just helped me buy my first stock ever!!
Congratulations! You have a long and wealthy road ahead of you! Please never stop learning!
great video!! thankyou for sharing i'm a beginner who joined the nfc community
Thank you for watching!
Nice to see some reason and balance to a presentation. No hyperbole. Thanks for this.
thank you!
Great vid thank you🇹🇹🇹🇹🇹🇹
Thank you very much for the positive feedback! I really do appreciate it!
thank you for using language that I can understand as a beginnner lol and providing step by step. this video is helpful and I am definitely going to sub to your channel.
Thank you very much! I'm so glad that it was helpful! and Thank you very much for subscribing, It means a lot, I really appreciate it! 😀
Thanks a lot for the resourceful content i didn't how to start initially .I am 54 and its never too late am looking forward to get started.
I'm really glad that I could help you! The best time to get started is always going to be today! :)
great break down an I like how the author presents
Thank you! I really appreciate it! I hope you will find some of my other videos useful too! :)
Great video. Very informative. Liked and subscribed!!
Awesome! So glad it was helpful!
Nice and clear! Good content. Keep it up. Subbed and will look out for your future content. Adam 👍
Hi Adam, thank you so much for your positive feedback, I'm glad it was helpful!
GREAT FREAKING VIDEO!!!
YAY! Thank you so much for your kind words!
Thank you for this advice!! I had no idea where to begin but heard the word "S&P500" a lot. Thank you so much! Thumbs up and subscribed!
I'm so glad that it was helpful! Thank you very much for subscribing! It means a lot, I really appreciate it!
Thanks for sharing
Thank you for watching!
Great video man.
Thank you very much!
Helpful!
Thank you! I'm very glad that it was helpful! I hope that you can find some of my other videos just as helpful :)
Great Video man
Thank you so much
Very well explained why S&P500 could be the best index fund for a average person who doesn’t want to spend endless hours diving deeper into investment world. Well diversified, cheap to own since it is not actively managed fund. Decent returns. Good and very well balanced video. Good to see fellow youtuber spending his own valuable time to teach people at least a little bit about finances and investments. Good job!
Thanks! Even when most people spend endless hours diving deeper, most of them will not match the returns of the market over the long run!
@@OnCashFlowmy issue is trying to decide how much of my monthly income to invest and also what to do with money I currently have just sitting in a basic checking account. Can I still pay my monthly bills using a s&p fund
You should keep some money in cash, so that you are not paying your bills using investments. Start with a retirement account such as your workplace 401k, or an IRA. Start with at least 10% of your income and work up from there as you learn more and develop your financial goals.@@shainlethal2742
He really deserve "like" and the subscription when he asks for it ! Love the video thank you mate 😊
Thank you so much for the kind words, it really means a lot! :)
Hi from Europe, awesome & very simple video
Thanks!
You've earned a subscriber. Very well formatted video and crazy how you called it early this year.
Thank you very much! I really appreciate the kind words!
Thank you for the very informative information 👍
No problem! I'm glad it was helpful! I really hope that you will find some of my other videos just as helpful! :)
@@OnCashFlow Thank you again. I will definitely watch some of your other videos!
@@lgr1966 Thank you, it really means a lot to me!
Thank you for this amazing video! You have impressive communication capabilities that will inevitably take you very far on this platform and in life (as you must know) just thought i'd give my two cents on this very helpful tutorial! keep up the good work and great content,
Cheers
You are so kind, thank you so much. I am really glad that I could help!
Very helpful
Awesome! I'm glad it helped! :)
Well done!
Thank you!
Hello Sir! I appreciate your effort on replying each and ever individual comments.
Thank you very much for your kinds words. I want to try my best to help as many people as possible :)
The best video I have seen
Wow you are too kind! Thank you so much!
I like the way he explains himself on how to begin to invest, I can actually understand him
Thank you so much for your kind comment!
Great video content, i have been doing some research on the S&P 500, do you know if fidelity or vanguard works in Nigeria?
Sorry, I do not know, but they do have international websites that list the countries they support. You should be able to find your answer on there :)
www.fidelityinternational.com/
global.vanguard.com/portal/site/home
thanks you so much i am 50 years old i am just going to start investing for my retirement
That's awesome! it's never too late to get started!
Is the Fidelity flex 500 index fund same from the Fidelity 500 index fund you pick out in the video ?
Btw great video !
Hi Alan, thank you very much for the positive feedback! Taking a quick look at both of the funds, it appears to be pretty much the same. FXAIX has an expense ratio of 0.015% and FDFIX has 0%. Composition is practically the same with FXAIX having 508 holdings and FDFIX having 507 holdings, with similar allocations. I really think that you can't go wrong choosing either of them!
I mainly use VTI, and “juice” it with a smaller VBR holding.
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”
Thank you I have just been putting my money in my fidelity Roth IRA but didn’t know how to trade it. I will do this as soon as I get home thank you so much
Absolutely! You need to be purchasing investments! I'm glad that I could help! Please make sure you automate your investment purchases so that you never miss out on the opportunity to be invested! :)
Also, you might like my video on how to automate your finances:
ruclips.net/video/l-_tJBSXJOo/видео.html
@@OnCashFlow thank you this is helpful especially bc I have fidelity too
Thank you
You are very welcome! Thank you for watching!
I am pretty Young I guess, 16 years old...
Amma get started with this, 10/02/2024.
I think starting young is really good in this kind of stuff. Thanks a lot for this info.
Yes! Great to get started as soon as you can. It will pay off big in the future!
Hello I’m the UK & the asking is £100.00 and than you can adjust to whatever suits you per month. I just spoke with Vanguard in London today after you mentioned them as in this video.
contribute 100 per month? that's a good start!
Very informative! What if my home currency is not dollars! The S&P 500 is all about USD and then I will need to worry about currency exchange, etc. Any other index fun you recommend?
Yes, it's in USD because it is the U.S. stock market. Everything that I would generally invest in would be in USD, and you would have to look into how your own country's investment brokers work.
I love you... *patrick star voice* thankyou for your everything
Haha thank you! Glad it was helpful!
Thank you very i hv bn following u n thank u for yo work.....i wanna ask, I live in Africa(South Africa) what is the best brocker can I use??
Thank you for watching! I'm sorry but I have no idea what brokers would be good in South Africa :(
I liked the video this was a question all these days in the back of my head, unfortunately I live in South America so, not 100% sure how this really works also regarding taxes and stuff.
Sorry I'm not sure how it would work in South America either! Could be completely different, but most likely the principles of investing slowly and surely over the long run would work anywhere! :)
This video is great, lots of knowledge! Quick "stupid" question: would it hurt to use a regular saving account? Or would you generally assume a Roth or 40(1)k works better, or does it matter? I am a novel here so completely clueless, thank you!
A regular savings account cannot invest. You could use a regular taxable brokerage account? Generally speaking I think a retirement account is better for most people as the default option. If you are in a lower tax bracket then generally Roth is better. If you need to avoid high marginal taxes then a traditional might be better.
Great video very informative. I want to get your view on something. Say I want to invest £500 into the S&P 500 but I do not want to do automatic payments every month yet, what would be the best fund on Fidelity to invest that money into?
Probably an ETF version of the S&P 500, I like VOO.
Hi buddy, which retirement account do you think is best to hold an s&p 500 account if im self employed and looking to invest on a separate high dividend yield fund on a more tax friendly account? You touched on the topic but im not clear on it just yet. Thanks
Well it highly depends on your situation, goals, and how much $ you want to invest. My default personal preference is Roth IRA/Roth 401k if you're in the 12% tax bracket and under. Then Traditional IRA/401k if you are in the 22%+ tax bracket.
If you live in a 0% income tax state then maybe still Roth over traditional even in the 22%/24% bracket. Just a quick thought. Have you seen my Roth vs Traditional video?
ruclips.net/video/HfdvlcYzdfA/видео.html
Thanks
Happy to help!
Awesome stuff I been studying stocks now for around 9 months I took a Penny Stock Course and just with the Basics Ive learned to understand the Markets for Day Trading and now looking into long term investments aswell and I think the S&P500 Is definitely a Good Choice for Long Term investing. Great Video!!
Thank you very much for your supportive words! I myself only invest for the long-term because I think that day trading and short term trading is too risky/has too many tax consequences for me. Just be careful my friend, I don't want anyone losing money!
I really enjoy the video man , Great information, I would love to see a video on how to invest in index funds in long term like S&P 500 using Fidelity , Vanguard or etoro. Regards!
Thank you for the suggestion! I recommend and use M1 Finance now for long-term investing.
Have you seen my full guide to investing your way to financial independence? I think it will definitely help you out:
ruclips.net/video/UrifLVQIihw/видео.html
Do you sell the s&p to take the money and reinvest it when it is at a lower price or you just regularly invest in it and take it out for example like 20 years later for starting a business or buying a house?
You don't have to sell off to reinvest. Dividends should be set up to reinvest automatically. As the economy grows, so will the value of the shares you have bought of the S&P 500. Then after many years for retirement, business, buying a house etc. You can sell off a few shares and convert them to cash. I hope this helps!
Dont know if you will see this comment, I hope you do, but I want to start getting into investing and I heard about the S&P 500 & you explained it well but right now as of December 2020 its at 3.6k a share. So what does that mean? That means I would have to buy it at 3.6k and then little bu little invest as much as I want every month? or how? Because I remember you mentiones something about a 0$ minimum. Thank You. I just subscribed as well.
Of course I will see your comment, I happily respond to everyone! :) When you buy a the S&P 500 using an index mutual fund or an index Exchange Traded Fund (ETF) you can typically but fractional shares (especially with mutual funds). Some mutual funds have a minimum investment (like $2,500) but many today let you get started with as little as $1. So even if the S&P 500 is valued at a full 3.6k per share, you do not need that much money to get started investing in it.
Once you are invested in a mutual fund with the minimum investment, you can invest as much or a little as you want pretty much as often as you want. I hope this helps! Please let me know if you have any more questions, and thank you so much for subscribing!
OMG, you just put me on my way to become a millionaire! Thanks, for using simple, normal talk and inspired me to take action. I’m following your simple directions. God bless you!
Thank you so much! I'm really glad that I could help you out, and I hope that I can continue to do so in the future!
I feel the same way thanks for speaking mundane
what is s&p 500's full name
@@hovergamer5957 standard and poor 500
Great video and explanation. Question: if i allocate 100% to s&p 500 do i have to actively monitor and invest or is it a set it and forget it like target date funds?
Thank you! I would set it and forget it with index fund investing! :)
I can't stop looking at the plant on the corner of your desk.
If my plant increases watch time, then I'm happy. lol :)
Great video although I still have a lot of questions. For instance, what is the difference between creating a ROTH IRA vs a Regular Brokerage Investment account to buy mutual funds in S&P 500? I know that IRA is for retirement purposes although the money can be taken out before retirement too, right? What is the difference, then? Would you recommend having both a ROTH IRA and a Brokerage and investing in S&P500 in both of the accounts? Thank you!
Generally, I would recommend you open all three accounts: Roth IRA, Traditional IRA, Taxable Investment Account. Then you can use any one of them as you need.
I would also recommend you try watching my explained videos for the Roth IRA and Traditional IRA because I think they can answer a lot of your questions :)
Roth IRA Explained:
ruclips.net/video/qDa00JZhgHE/видео.html
Traditional IRA Explained:
ruclips.net/video/I9L680olbsM/видео.html
@@OnCashFlow thank you!
Do you have to use a type of ira to invest in the s&p500 and get compound intrsst overtime or can you just use your brokerage account to invest in the s&p 500 and get the same benefits?
You can get the same result in a brokerage account, but you may lose some net growth due to possibly paying taxes along the way. You can certainly start with a regular brokerage account if you want to!
_...thanks..._ 👍🏿...
No problem!
Thanks, man, nice video. But that plant on your desk is waiting for an accident to happen)
Oh yeah, it has happened lol
the past years has the s&p return a negative something? can i lose my money if i put lets say 10 k in 5 years. if goes down can goes up again and recover my money in a few months? im very new at this i will appreciate your answer. thank you!
Thank you for the question. Yes, the S&P 500 has returned negative some years. Just do an internet search for "S&P 500 historical returns by year" and you will see some years with negative returns such as 2008, 2000-2002, etc. You can lose money with nearly any investment. You technically only "lose" money if you sell your shares for less than what you originally paid for them (your basis). However, historically speaking, in the long term, the U.S. markets have recovered and then some. The timeframe of when it recovers is different. Typically the S&P 500 is going to give negative returns when the entire economy is doing poorly such as the housing bubble in 2008, and the dot com bubble in the 2000s. I hope this helps answer your question!
Safe Stonks 📈📈📈
Never heard of a stonk lol
would this advice apply to a european or are there regulations I would be breaking by participating?
I'm not sure about EU laws, but I'm fairly confident that you can invest in the SP 500 no problem!
on fidelity there are lots of different S&P 500 funds, do you recommend any specific one?
Generally I would say the one with the lowest investments fees would be best as long as the holdings are all the same.
Helpful video... but what's with sitting so far , tucked away in the corner friend ? :)
That's The only place in my house where I could set up haha! I just moved so soon you will see a different set up!