The Complete Investing Guide for Beginner Step by Step

If you want to invest for passive income, and not have to do hours of research every day, then this video is for you.

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????M1 FINANCE $10???? Moderately
Link: https://m1.finance/fQsrul1PZcHM

Low Risk:
SHY: 40%
LQD: 40%
VOO: 12%
VEA: 4%
VNQ: 2%
VB: 2%
——————————————————————–

Moderately Aggressive ( I DO THIS )
VOO: 38%
VEA: 16%
VB: 14%
SHY: 10%
LQD: 10%
VNQ: 8%
VWO: 4%
——————————————————————–
Agressive:
VOO: 40%
VEA: 20%
VB:20%
VWO: 10%
VNQ: 10%

1. Set Everything up
What App are we using?
– M1 Finance is the app I recommend. They offer every investment we need.
– And on top of that its one of the easiest ways to invest automatically without having to worry about selling your investments to bring back the ratio we want
– So hands down M1 finance is the best app for what we are going to do as long-term investors.

How much are we Investing?
– It depends on how the money you want and by when you want all that money
– For example: just multiply the amount of money you want to get passively from your investment each year by 25 and that’s how much money you need in total
– This should be no less than 20% of your income if you want to retire early and if you don’t mind working 30 years then no less than 10% ( so divide the amount for investing by your income to see exactly the percentage)

How to Handle retirement accounts?
– If your employer offers you a 401k option or Roth 401k option, I recommend you get the Roth 401k
– The way all your money is yours and you owe no money to taxes
– Here is exactly how I would do it:
To retire early: I would contribute only enough to get the match from my employer
Then max out my Roth ira, and then put the rest of the money into a taxable account
However, you can always max out your Roth 401k, and Roth ira, and then whatever is left over into a taxable account ( but this is $25,500)

2. Here is exactly what I invest in
– I do not buy individual stocks, because I’m building a retirement account in a way
– And I do not want to take the risk of having a company fail on me
– So by investing in ETF’s and mutual funds ( I can basically buy the entire stock market and that way I carry a lot less risk )

The biggest Decision is going to be your allocation: the amount of risk you can handle as an investor.
– Some of you are conservative, or a little aggressive and some of you are full-blown animals ( I fall in between. )

Let’s go into M1 Finance: and see exactly how everything works:
– Which portfolio to choose and what you invest in
– How to set up an automatic transfer
– And how to see your activity

3. Patients and Compound interest
– This is going to take a while to grow
– But by doing automatically you carry a lot less risk
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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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