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.
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.
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
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.
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%
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!
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.
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.
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!
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.
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.
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!
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!
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 😊
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.
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.
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!
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.
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.
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
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.
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.
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!
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.
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😂
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.
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
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!
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.
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 :)
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!
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.
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
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.
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?
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?
Not at all. In this case you will only get taxed on dividends (and given the small amount, doesn't amount to much). Otherwise, as long as you don't sell you will not be taxed as it stands today. Keep in mind that Robinhood, Webull, and others provide a statement for the end of year tax returns which make it helpful to file and avoid any IRS shenanigans :-)
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.
That's where this video comes in to play - what investing daily vs monthly may look like: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hkB92CVI-6A.html
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
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
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! :)
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.
I think next time you should also mention that buying crypto costs a fee. I am sure most know but a few might not about this fee. Makes you wonder how much in fees did you pay agter 2 years
As the other two comments mentioned, there are no fees (or gas fees) for the crypto. There is a spread of course which happens on any market order via stock market or crypto.
