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 wasting it 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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23 Comments
Kyle T@kyletfreedom58 · 20h
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!
Clantosa @clantosa · 13h
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
Danny kuchinski@rosejam · 4h
I have 100 shares of SCHD, should I invest another $100 a month for the next 10 years
Michael Noël@therev · 18h
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.
Renee Glover@tradingdiva · 2h
I have 1000 shares in this account and another 800 in another. Just do it! -
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