It’s crazy how many people think that it’s pointless to invest $100/month. But ask yourself: 1)Isn’t it better than 0 2)letting your money grow instead of letting it sit idle in a normal savings account. 3)Forming a habit of consistently investing. Just start even if you don’t want to be millionaire !!! So how can you start ? There’s a simpler way to build your portfolio using these 3 types of ETF. Canadians can buy these in an RRSP (saving the 15% foreign withholding tax which you will be charged if you invest in a TFSA)account while Americans can buy in a ROTH IRA or a 401k savings account. 1) Foundational ETF’s: these own the entire market 1) $VTI -Total US market 2)$VOO- S&P 500 3)$VT-Global stocks 4)$VXUS- International stocks 5)$BND- Total bond market 🟢These are best for first investment, retirement accounts, long term wealth and beginner investors. 2)Growth ETF’s: These are for increasing long term returns 1)$QQQ -Nasdaq 100 2)$VUG- Large Cap growth 3)$SCHG- Growth stocks 4)$SMH- Semiconductors 🟢These are best for higher growth, younger investors,tech exposure and 10+ year horizon. 3) Strategy ETF’s: These are for targeting a specific goal 1)$SCHD - Dividend growth 2) $VIG - Dividend appreciation 3)$GLD -GOLD 4)$VTV - Value stocks 🟢These are best for Income, Inflation hedge, Sector investing and portfolio customization. The good part is you can even start with as low as 100 dollars a month ! Invest watch your portfolio grow with the power of compounding!💵💵. Becoming a Millionaire is the side effect of consistency in investing! Happy Sunday ! 😎Hapy investing!🚀😎 Disclaimer: Not investing advice ! Please do your own due diligence before making any investment decisions !
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26 Comments
Clantosa @clantosa · 1mo
People think 100/m is pointless meanwhile they spend that in a single day going out. Poor are poor for a reason. Poor habits gets you poor results
Kyle T@kyletfreedom58 · 1mo
Great post! But I gotta ask - is that a three eared rabbit on the left? 🐰😁 Not even three ears is gonna help win the race!
Danny kuchinski@rosejam · 1mo
I have 100 shares of SCHD, should I invest another $100 a month for the next 10 years
Michael Noël@therev · 1mo
The start investing part is right on. However the Foreign exchange fees will cost more than the withholding tax. Canadians will be better off investing in Canadian listed ETFs.
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