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Started my Dollar Cost Averaging journey in the S&P500 Index Fund (VOO) on Syfe Trade in November 2022, this video sums my 1 year investment returns, the mistake I made. Watch as I recount how my investment into the index fund has been thus far since the market has been rallying upwards and what my plans are for it in 2024.
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Hey guys, I just wanted to mention that with all the videos I’ve posted to-date should not be taken as financial, investment or trading advice. All views expressed in the videos are that of mine. Remember to always do your own research before making any decision. All that I’ve mentioned in the videos are ways and how it has helped ME in my personal finance journey. I hope you take away snippets of insights and if it can be applied to your financial situation that’ll be great. I do not represent and will not be liable in any way for the decisions you make after watching the video. 🫡
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TIMESTAMPS:
00:00 – Introduction
00:17 – Which Platform to Use?
00:29 – Which S&P500 Index Fund?
00:46 – Why not CSPX on IBKR?
01:50 – 1 Year Returns
03:16 – Mistake
04:19 – 2024 DCA Plan
Dang I was going to ask if you wanted to live together but you live in Singapore. I live in the US. I wish I had a gf who sort of understands compound interest and investing and had a good eye for it.
If you buy the dips you should be fine, it looks like you timed the market pretty well 3:46. 15% for 1 year isn’t bad. Diversification is very important, the more you practice diversification, the better you will be… I lost 40k in options trading AMD on weeklies… I used to be an all in gambler. Thats not good. I would have won more if just bought the stock and walked away. It took me 2 years to recover from that mistake. 😂
700k in 32 years is very modest for me. But i will subscribe and hope that you do portfolio updates every 6 months like this. I felt very weird sharing my highs and lows with my friends so I stopped but now I can draw inspiration from your journey.
Last bit of advice, if you buy during the highs and lose x% you almost to have work 1/(1-x) to make up for it. I hope this encourages you to think about how to decide when it’s time to take profits.
1. if u bought less when it rose but compensated and bought more when value goes down, overall wouldnt you have bought the stocks cheaper for the same volume of shares?
2. do you subscribe to the 110-(your age) for stock vs bond allocation?
3. will you classify dividend-making stocks as stock or as bond allocation sicne the yield is quite similar to bonds? cuz with SSB and tbills (for now) i see no point in getting dividend yielding stocks unless one's bond allocation is to be more than the 200k SSB + tbills ?
4. have u considered VWRA? heard its a good ETF to keep things simple
thanks for sharing btw. wishing you early financial freedom
Honestly, not really a mistake… DCA is known to give lower returns than lumpsum investments. Also, October 2023 was when US stock market took a huge dip, and then it started to retrace to a new time high – so imo, you actually got really lucky and your returns would've been much worse if you had DCA'd into the earlier months when the S&P500 were higher.
FXIAX
Thanks for sharing
Very good video! Thanks for sharing. I think this is a good approach and am doing something very similar 😀
nasdaq please
Hi, thx for sharing, can you share which trading platform you are using again? Didn't catch it in the vid. Thanks!
I started this January and I just put in 50$ monthly.
But as soon as i'm rid of my high interest debt will I start to invest 1000$ in to the market, 500$ for index and 500$ for stocks!
Though I'm projected to be free of debt in 3years which will make me 30years old when I start in earnest.
With that said, I'll see you all when we're all millionaires in the future!
I love your singaporean accent!!! Singlish makes my heart beat! Maybe it was your good taste in music and the beautiful scenery from your newest korean vlog. 🌇 you are so smart, I'm going to watch all your videos!
Hey, I love the video. However, are you able to explain the comparison between VOO and CSPX (I.e., the estate taxes and dividends)? And what do you mean by focus on capital growth and that the dividends are reinvested (So if dividends are not distributed in the voo means the tax is not applicable)?
Sorry, I am new IBKR user I saw you video when you told us about compound interest in those accounts, I am from Canada and also I have a new TFSA there. I would to as you how the compound interest work in my case. I already know about reinvesting dividends but that is another thing. Thanks
But when you have an average of $370, why would you buy at $450?
Thank you, very informative! I did have to check several times if the speeds wasn't set to +1. You speek so fast
What broker are you using?
Hey can i be your friend? Can we meet at starbucks and discuss how to invest together? My treat ah. how? XD
I will give you 2 simple tips. First. Buying the "S&P index" is the same thing as buying the "USA economy", this is what you actually buying. For the next 30 years, in the long term basis the "USA economy" is highly unlikely to perform the same as the previous 30 years. New strong rivals and economies are growing and the competition from Asia is constantly higher. So if USA economy had a 10% average return the last 30 years, for the next 30 years will be less. And the second tip is that "every time you buy something you have to evaluate if this is cheap or expensive". Buying constantly, every month, without checking how much it cost is for beginners and juniors. With very simple words, keep your money and buy the index only when it is going down and it is cheap and of course not in monthly basis.
What app do i use to start investing in stocks im new to this .
can i ask what about the voo vanguard in webull? is that fine as well?
FXAIX
You talking about fees for investing what fees I've baught in but I didn't see a fee😮
I started my investment journey today with MooMoo, will just focus invest in VOO only
Very good video but I have a question, if I choose to reinvest the dividends and capital, would this mean that I would not pay taxes until I want to leave the index? Or how often are they paid and declared? thank you
hey good YouTube Chanel. I'm from Germany and I invested every month 1000 euro in the sp500. for me it is the best index too. many German peoples doesn't investing in the sp500 because the Germans think it's to little diversification. the Germans invested in all world or msci world index but i invested in the sp500 for the next 35 years. good look to all of us🎉
Are REITS worth to invest in? Seeing a lot of news about empty office makes me think if the dividend received is worth the drop in value.
I got invest in sp500 and syfe core equity 100 which also makes around 5-6% ROI so far.
As an S&P500 10-year investor, I approve this message. In my case, I put that in IVV instead of VOO which is very similar.
Sorry don’t agree with majority of this video. Think you can dive abit more give it like 2-3 years you will have a very different outlook. My return is 40% ytd and I don’t touch tech.
It is interesting. Thank you. Finally some videos with real numbers, it is rare in youtube. I'm prefer more risk with investments, mostly on index with leverage on forex (i dont recommend it tho) and since december crypto (damn, it is excellent)
This is why I like my retirement account – it is all automated and taken from my salary every month (~110$ from my paycheck) and invested in my company pension plan.
After 4 years it gained almost 40k(as I moved assets from my previous employment plan ~11k).
We will start investing like you someday as we wrap up with Mortgage repayment and wrapping up another property purchase.
Good luck!
As you start with small amounts and aiming for a very long term, IMO you can invest in quality stocks directly which will grow enormously when you retire. Of course consult with your financial advisor to choose the best stocks. That would not hurt you, I guess.
How are you going to use the S&P500 ETF to finance and enjoy your desired lifestyle once you stop working? Good luck to all investors.
S&P500 is NOT halal for any Muslims who are not aware.