What Investing $5 a Day Looks Like After 1 Year and 8 Months (Robinhood Portfolio)

AUGUST UPDATE! In this video, I dive into my personal challenge of investing $5 daily into the stock market. Since January 2022, I've been on this journey, and my aim is to show you that even small investments can make a difference in the long run. Follow along as I provide an update on my portfolio for August 2023, show you how fractional shares work, and explain the power of dollar cost averaging. Whether you're a seasoned investor or just starting out, there are insights here for everyone.

STUFF I RECOMMEND!*
I N V E S T I N G A P P S that Support $5 a Day Challenge:

O T H E R I N V E S T I N G T O O L S

C R E D I T C A R D S

HIGHLIGHTS:
Small Investments Matter: Starting with just $5 every day, see the growth and potential of small, consistent investments.

Fractional Shares: Discover the beauty of today's investing platforms, which allow you to buy fractional shares without the need to save up for an entire stock or ETF.

Portfolio Update: An in-depth look at the current standing of my investments, including the S&P 500 fund VEO and a dive into the world of cryptocurrency with Ethereum.

Dollar Cost Averaging: Understand the power and benefits of investing at different price points.

Critical Warnings: Taking heed from comments on previous videos, I address two major warnings that every investor should consider.

Long-term Vision: Investing isn't just about immediate returns. See the potential of where this strategy can lead 10 or 20 years down the line.
For those who are curious about investing but might be hesitant due to limited funds, this video is a testament that you don't need to start big. Even with a small amount like $5 a day, the financial journey can be rewarding. Join me as I reflect on the past, analyze the present, and predict the future of my investment journey*.

Chapters of Today's Investing $5 a Day Challenge:
00:00 Intro
00:44 VOO (S&P500) Update
02:24 How Daily Investing Works
03:02 Power of Dollar Cost Averaging
03:48 Ethereum Update
05:35 First Critical Warning (Roth IRAs)
06:59 Second Critical Warning (Compound Interest)
08:08 Averaging a 10% Annual Return
09:04 Building to $100,000

Links from Today's Video:

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe 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.

[codymiller_fishing]

As a college student, I don't have a ton of money to invest, but because of this series, I have been investing 20 a week until I can afford to do more!

[stockswithyon]

This is a great breakdown showing how one can reap the benefits of dollar cost averaging. Playing long ball can be frustrating if you’re looking for quicker gains so it’s important to establish and respect your chosen time horizon for your investments.

[llamudos]

Started this last month. Dollar cost averaging is great. You actually gain share value on the dip and when up. Win Win.

[KingLouOG]

Started doing the 5 investment on VOO earlier this year and yup I’m averaging 10.5% growth I mean hey it’s better than losing money to inflation having money just sitting in my bank account.

[TheCookingDojo]

Loved the bit about compound interest. Just showing how much your money works for you. I've started increasing my weekly investments to about $160 a week. It's amazing how quickly my yearly income goes up

[peaceandlove]

I do this for VOO and BTC. $5 and $10 a day respectively. I started last last month from your video. I don't even notice it gone from my account which is super cool. I just live like normal.

Thanks for the videos.

[brianpelton]

Love this series. About a month ago I started investing around $11/day. $7 (XLK), $2 (XLV), $1 SCHD and $1 Bitcoin

[doctorgap]

I dca $64 a day into schd and bitcoin split 50/50 on robinhood for fun.. it's wild how fast it grows

[benferris]

Fractional share investing is the best thing that has ever happened to investing making things like this possible. Love this series and it's impressive how much such a little amount of investment can grow over time. Full VOO shares of $400~ per share would be so much more of a challenge to purchase regularly

[phillycheee]

And to add: $5/day as starting… what if every year you increase $1/day?… would be exponential savings

Year 1=$5/day, year 2=$6/day, Year 3=$7/day, etc…

Realistic considering most ppls pay would increase thru the years

[soulseeker]

To some people 3200 is alot of money especially now with inflation spiking. Thats a used car price.

[idkafknhandlebrah]

I love this series, it would be interesting to see it at 3, 5 or 10 years and ive been doing it myself for the past couple weeks

[slicklizardchamp]

Good video. Only critique I have is that you compounded the interest monthly, not annually. 10.5% is the average annual return in the market, it’s not monthly. Granted, it was only an over calculation of about $8, 000 so not a big deal but I wanted to mention that.

[JaredKirkwood]

Great video, shared with my daughter who’s in high school.

[FrostbitexP]

Im turning 29 and I wish I got into this sooner. Younger me had no clue about compounding interest. On the bright side Ive set up and auto deposit for 4500 every month into my (auto managed) investment portfolio. Gotta catch up for lost time.

[JestinDavis-wn]

I just started watching your vedious im gonna start with the webull app I wanted u to make a vedio of how to start for beginners with a start of 50 dollars

[dexatory]

I’m 18 & just started to use Robinhood to invest but I can’t afford to do 5$ a day but what I’m going do is 15$ a week until I get the funds to do so.

[atwon]

I been doing this challenge since December 2022 bout to see the update pro s on dollar cost avg

[ANTHONY--]

Love the updates on your $5 a day challenge.

[JunLong]

Im new to this and starting to put money in everyday. Bringing food from home instead of buying food. Which is cheaper.