How To Invest In The Stock Market Automatically For Beginners

Now this video is for people that want to create a portfolio that’s predictable, doesn’t have any massive fees and it won’t require you to do a ton work. Maybe 30minutes a month. I’ll tell you what I invest in, with who to invest and how much too much to invest. ????ACORN FREE $5????
Link: https://acorns.com/invite/38EYSU

1. Here is How you don’t Automate your Investments (Financial Advisor/planner, high fee mutual fund, or anyone charing you a ton of money)

– If you want to get a financial advisor a professional
– Make sure they are a fiduciary ( basically meaning whatever they do, has to be with your best interest in mind )
– And no not all financial advisors are like that (most of them are just salesmen) – commission on insurance and other products they could sell you
( the average mutual funds and fancy advisors, do not outperform the market)
( direct quote from warren)

Here are some Fees: ( you want to make more money and pay less in fees)
– 1 % fee consisting you 30% value ( hold up 7 fingers to represent 7% gains in the s&p 500)
– And also because of compound interest, $1 invested today is worth around $15 in the future.
– So every dollar they took from you in fees could have been invested and could have kept growing more and more. ( that’s why Wallstreet is very rich)

If you want to Hire one:
– Make sure they are a fiduciary
– And also work based a flat fee
– And don’t be afraid to fire them and look around

2. Here is How you really automate your investment with Low fees
– The best way to do it is by investing in a low-cost ETFs or Mutual funds
– You can do it directly with a company like a vanguard
– Or you can an investment app as I do

Steps to Automations:
– The ideas you want to automatically have come out your paycheck or checkings account when you get paid ( minimum is 10-20%)
– The app I use is called Acorns because you can start investing automatically with just $5 into a balanced portfolio based on your risk
– Tutorial: set a recurring investment and set on a round-up feature ( if you $500 bucks a week, 10% of that is $50 a week)
( dividends will be automatically invested) – half-million in 40 years

However: if you also have a 401k matching at your job and Roth
– Make sure to take advantage of it

Tip: I recommend having an external Account to receive your direct deposit from your employer, and then have a separate checking for spending. Automatically set it up so when you get paid it transfer 80% to your checkings and 20% to your investments.

3. 2 ways to do this automatic investments

Normally: 10-20%
– You get to live on 80% of your money and you basically won’t miss that 20% your investing until you retire
– This works great if you love your job
– And you also have a great career that you know will stay in demand for a long time

Extreme: 50-75%
– You have to live 50-75% of your income for maybe 10-20 years
– But once you do that, you can retire
– And you’ll have the financial freedom to pick better options

Overall:
– There is no right answer, it just demands on you and what you want to do.
Challenge: the Hard thing about investments and ignoring the headlines

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*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.

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