Avoid My Mistake | 1 Year Review Investing into the S&P500

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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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Disclaimer
Some links above are affiliate link. I earn a little at no cost to you!
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

[marilynchamber-it]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[miasteee]

it’s nice to see someone talk about investing in a genuine way 😭 no clickbait or trying to sell us some fake course, i appreciate this a lot.

[broken_casper]

Glad the trading community is growing and paying attention to mistakes

[Tazemi.]

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!

[leopoldpierre]

You live and learn investing is 90 emotional n 10 I see the s&p go down I actually buy more because I am buying cheaper sharesss...

[blackchickadee]

My mistake is also not dollar cost averaging in the past and just putting whatever I had left. Great advice and so practical and honest! ❤

[CIAragDe]

I started buying a VOO ETF stock January of 2023. Will continue to buy one once a month in 2024 regardless what the price is.

[BF_official_my]

I'm from Malaysia, given our weak currency and my small income, I only convert USD in a lumpsum and then invest into CSPX around 2-3 times a year ( to minimize brokerage fees as well).

It's great that Singaporeans have Syfe that provides free trades in a month. We do not have that option

[jlchavis]

Pretty much every study has concluded that Lump-Sum investing beats DCA'ing. If you can afford to put your yearly investment allocation (like your yearly ROTH IRA limit, etc) in all at once, I think you should do it. DCA'ing is a good plan B though.

[platinumk]

Dollar cost averaging is pretty consistent method to build for the long term hands off.

Just reoccurring the cash flow and reinvesting the dividends back into your index funds can grow overtime. When the market is low you buy in low and when the market is up you gain more with what you hold.

I've been playing it long for years now and I plan to continue until I hit those goals.

[ZeroEngaged]

When you are buying into such a broad ETF like the S&P it make sense to just make consistent buys each month. Unless the US economy collapses you can pretty much rest assured it'll keep going up.

When you are buying individual companies thats where it makes more sense to wait for big pullbacks and then buy a lot of shares all at once. A lot of time great companies have a bad quarter and that opens opportunities to scope up shares for 15 to 25% discounts sometimes. As long as the companies you buy have solid balance sheets the same logic applies, over time they should be fine.

A recent example is ADM a solid dividend paying stock. They had a bit of a minor scandal recently and they plunged 30% overnight.

[ugojazzy]

No doubts, a good way of growing and saving your money is through investing . You don't need to have much before you can invest. That little money you have now can make you millions if you invest it wisely. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made

[nigelchung]

Thanks Demi for sharing. I recently started investing although not VOO but simillar ETF that track S&P 500 via endowus after checking your channel. Abit old to start 😂. Appreciate your effort to simplify things for new investors like us.

[Investingcoachw]

Love a good investing video!! The secret to building wealth is time in the market not timing the market. You dont have to be an expert to start. Just get invested and you can always course correct if you find tweaks that suit you better.

[ricardodelacrvz]

I also started last year but I dont own only the sp500, I own 3 individual stocks which some gave me 40%ROI as today and also the world msci and some nasdaq. I had a 18% 12 month return wich is fantastic. This year was a good year to start since it was a rebound year. I wouldnt be too much focused on the returns in only 12 months unless you hold individual stocks. this aint gonne be nopthing the moment you get to a 10 20 year mark and you see crazy negative waves aand your account losing almost 6 digits. thats the hardest, its staying cold hearted and not mistakes thatll cost you years of saving.

[seekandpeak]

Appreciate you sharing your S&P 500 investing journey! It's cool to hear about both the highs and the lessons learned. Definitely some solid advice on keeping expectations realistic and staying informed. Thanks for the honest review!

[marcusng]

You may want to consider reading into estate tax for VOO and other US domiciled ETF/shares. As the estate taxes can go as high as 40%, enough to wipe away most gains by the time the assets are withdrawn by loved ones in an event of demise. All the efforts of investing might go to waste.

CSPX and other sg domiciled ETF/funds through endowus circumvent that estate tax. Might be good for you to read into and educate your viewers since such investment is long term and will impact legacy. Cheers

[BuFaris]

@Demi Zhuang I believe you might be mistaken about Tax efficiency of US domiciled securities. If your tax residency is in a country that has no Tax treaty with US, you should end up paying full 30% Tax on Dividends if you buy US domiciled S&P500 ETF even if that security is of accumulating type ! S&P500 companies distribute dividends (sub 2% yield) but they still do. and if you hold an accumulating ETF that is US domiciled, I believe you will be charged the full 30% on those dividends ! I believe you might be better off buying Irish domiciled ETF's even if they are accumulating type !

[wonderloot]

I didn't become financially independent till I was in my mid 40s after having a major financial setback during the covid, I'm glad i'm on my feet. In addition to buying my second house, I'm also making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future!.

[joshau]

The risk of a stock is not its price stability, those are caused by news and noise

Its the profit of a stock that determines its stability/risk. Which is why buying stocks with historical records like AMZN when its price has a fall 1y ago. u would made 100% profit. Because price is simply a voting machine. Ultimately the stock market is a weighing machine in the long run.