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| Name | How To Invest In The S&P 500 (EASY Step By Step Guide!) |
| Video Uploader | Video From TommyBryson |
| Upload Date | This Video Uploaded At 10-06-2021 20:01:00 |
| Video Discription | Now this video is going to break down exactly how to invest into the Standard and Poors 500 index fund or ETF. Not just that though, because it only takes 2 clicks to actually invest. 😎Call Me😎: https://bit.ly/30IBr0i 😎Second Channel😎: https://bit.ly/3c4sVPS 💲1 on 1 Talk + My Budget + Stock Investments💲 https://www.patreon.com/tommybryson 💰MY M1 FINANCE PORTFOLIO💰 PLUS $10 Link: https://m1.finance/fQsrul1PZcHM 1. What the s&p 500 is - Now this has been around in some way since 1923 and it use to be called the composite index (90 companies) - But then later in 1957 when I was born, they expanded it to 500 companies. Now the basic idea is this: - The s&P 500 is made up of the 500 largest companies in America - And because these 500 companies are so big they account for almost 80% of the entire US market - So a great way to track the performance of the US market is to track the s&p 500 Basic Idea: when you invest in index fund that is trying to mirror the standard and poor 500 index, it's just trying to track the market Ps. Average return for the s&p has been 8-12% - So if you bought it 10 years ago and invested $1000 a month you would have today 235K - That’s why the saying says, the best time to plant a tree, was 25 years ago. ( so start now ) 2. How can you invest into the s&p 500 - The answer you don’t ( actually not the official one that you see) - What you do invest into though is in other companies that create funds, that mirror exactly what the s&p does, and also for example ETFs - So you buy those and the manager of those funds are in charge of tracking that index ( not beat It but just track it ) Quick Explanation: - An index fund, is a type of mutual fund, where the manager is focused on tracking an index or just mirroring it - And etf is just an exchange-traded fund, that’s literally traded on the stock exchange, and can fluctuate, but you can also buy ones that are trying to mirror an index 3. Which platform is best for Buying the S&P 500 - In reality, they are all pretty much the same - They are all just trying to mirror the index - So I would go with the company that fits you best For example: - Vanguard has: VFIAX - Fidelity has: FXAIX - Schwab has: SWPPX Which one do I use: - I use Vanguard they basically invented the index fund - They have great customer service - And and even bigger reputation to protect Cons: - Vanguard has a minimum investment of $3000 while the other companies don’t have a minimum investment to attract more customers. - But you can avoid the minimum, by investing in it with a retirement account However: - If you do open a retirement account with vanguard, you don’t have to worry about the retirement fund - But its up to you which ones you pick - Or just pick the etf option vanguard provides 4. Me Personally - I wish someone would join this space and make the platforms a lot more user friendly - Its hard to set automated transfer, automated rebalancing, and for example even dynamic rebalancing - Its space just needs a little more innovation Me Personally: - This is only 38% of my portfolio because the US market is great but its doesn’t mean you should put all your eggs in that one basket - If you want to know what I put the rest of the money into - Watch my full-on guide to investing link down below which also free Link: https://www.youtube.com/watch?v=kWwhJ0Oos2c * PRO TIP* INFORMATION IS EVERYTHING 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 💰M1 FINANCE $10💰 Link: https://m1.finance/fQsrul1PZcHM 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽💻DISCORD PRIVATE GROUP👨🏽💻 https://discord.gg/EcZEHpA My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w 😎All My Social Media😎 Link: https://linktr.ee/tommybryson *Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson 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. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor. [5NuDfQW9GnA] |
| Category | Education |
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