SIMPLE INVESTING
Invest today with 5 easy steps:
It’s faster than getting pizza delivered!!
Step 1
Watch this 3-1/2 minute video to guide you through the process.
(Yes, its old & cheesy, but it’s still relevant)
Step 2
Gather the items in the checklist below.
*Personal Info: Name, Address, Date of Birth, Social Security Number and Employer Information, including address
*Bank Routing + Bank Account Number
*Cash to start ($50 works, but more is better)
*Emergency Contact Information
*Some institutions may ask you a couple questions related to your ‘Risk Tolerance’
Once you have the items listed above, click the Fidelity link below to set up a Roth IRA
Step 3
Set up an Roth IRA account today!
Step 4
When you finish setting up your first account, connect your checking account and deposit $50 or more into your Roth IRA.
It will probably take a couple days for the first deposit to clear, but then it is instant after that.
Step 5
Buy these 2 ETFS for the rest of your life
70% of your money will buy SPYM and 30% of your money will buy SCHD.
If you are 20 years old today, invest $200 a month or $100 every paycheck and continue til you are 62, you will most likely have a portfolio worth more than a $1 Million by the time you hit 62.
If you want to spend more time geeking out on how we arrived at the $1 Million calculation, keep scrolling to see the methodology.
$200 a month at 9% compounded monthly for 40 years
Monthly contribution: $200
Total you put in: $96,000
Interest earned: ~$840,264
Ending balance: $936,264
This scenario assumes a person starts investing at 20 years old, never changes the $200/month contribution and continues to age 60.
As a bonus, this investment portfolio will be paying out around $17,000 a year in dividends at the end of that 40 years.
Most investors will find a way to contribute more as their career grows and they get pay raises and promotions. If your investing dollars grow with those raises, a person could have several million dollars available to them with a simple investing strategy and the commitment to start early.
If you want to become a member of our private community and learn how to do more with your money, just click the Membership button below. For just $4 a month, we will explore easy ways to get better performance from your investing, as well as focus on the psychology of investing, which is where most individual investors get tripped up.