How to become a millionaire with index fund investing for beginners: this is one of the best investments with little work or skill yet one of the top overall returns. Here's why. Enjoy! 🔥 Personal Finance Course & Investing Programs (Coming Soon) https://michael-curran.com/finance/join🚨Use Coupon Code
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What is an index fund? Index funds track the entire market; they don't try to beat it. With a few dollars, you can own a diversified set of assets.
Why invest in index funds? They have low fees (expense ratios) due to passive management and large size (better match their target group performance), are tax efficient with low trading turnover, are easy and simple (you invest passively so don't have to actively manage). They get rebalanced automatically without any work and are well-diversified: you own a slice of every publicly traded US firm - a few companies doing badly should not tank your returns.
In contrast, professional stock-pickers manage active mutual funds, try to beat the market, incur more trading costs that are passed on to you without the guarantee of beating the market. 90-99% of investors including professionals get higher returns with index investing than trying to outperform the market, especially over time. It takes training, experience, hard work and luck to perform well with active trading. The probability to trade well consistently declines over multiple years.
How to invest in index funds? First, open and fund a brokerage account. VTI is a cheap intro while VTSAX allows automated investing. I reinvest dividends, dollar cost average by investing my income monthly and enjoy 100% VTSAX with my long-term perspective and high-risk tolerance.
00:00 Intro
00:51 What's An Index Fund?
04:05 Benefits of Index Funds? Low Costs
05:18 How Low Expense Ratio Helps You
09:25 Your Investment Choices
11:31 Start Small: VTI (then VTSAX = $3,000)
12:41 Power of Compound Interest
14:28 Time Is Your Best Friend: Start NOW
15:37 Passive Outperforms Active
18:42 Simplicity of Passive Index Investing
19:16 Tax Efficiency
19:24 How To Start Investing In Index Funds
20:09 Automatic Investing + Reinvest Dividends
21:02 Portfolio Allocation
23:52 Dollar Cost Averaging
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