How To Invest As A BEGINNER To $1M Using The "111 Method"
In this video, I do a step-by-step tutorial on how to invest as a complete BEGINNER.
I talk about how to use the 111 Method to potentially grow your account to $1M by the time you retire.
Essentially you will be buying 1 share of an S&P 500 ETF, every 1 month, to get to $1M.
Remember, when you do this in your Roth IRA, all your earnings and dividends will be tax and penalty free at 59.5!
Make sure to watch this video to the end so you understand how all of this works and make sure to check everything off on the Money Cheat Sheet.
Let me know if you have questions!
I hope this video helps :)
-Steve
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The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy Gold, the government has failed us or try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Indeed, gold proves to be a strong investment and a reliable hedge against the declining value of the dollar. I've held onto some gold for quite some time, and I'm thankful that my advisor's rapid adjustments to market fluctuations have likely prevented significant losses.
Please can you leave the info of your lnvestment advisor here? I’m in dire need for one.
“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just checked her out and I have sent her an email. I hope she gets back to me soon.
Great video. Please do one for the older folks.
Steve! You are a wonderful teacher! I'm 82 years old. You've made investing sound simple. I'm in!
Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
I agree 💯
well explained. Recessions are part of the economic cycle, all you do is make sure ,you are prepared and plan accordingly. I graduated in a recession (2009).My 1st job after college was aerial acrobatics on cruise ships. Today I am a VP at a global company, own 3 rental properties, have invested in, built my own business, and my net worth has increased by $498k in the last 4 years. All thanks to the woman you recommend, happy living.....
It is true, inflation has taught people the important of multiplying income.
It is true my dear, investing is the best idea currently and without it, human struggles are worthless.
I have really been looking into mentors lately, the news I have been seeing in the market has not been so encouraging
I would like advice you work with a financial advisor...because in this current volatile market, it is advisable to diversify while maintaining in safe investments, given your budget, you should consider a financial advisor
No doubt!! Maya Wooldridge is highly responsive and always follows up to make sure my needs and questions were met. We were saving for a deposit to allow us to move into a new home, and it was successful.
Listen to this guy if you dont want to be poor
Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
Can you make a video with this same concept for people in their 50s with limited funds. Thanks
Love it my thoughts
dont even try unless u wanna go bankrupt
Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
Thank you! I'm learning so much from your videos, I really appreciate you sharing your knowledge with us 🙏
This has been the most comprehensive investing for beginners videos I have ever watched. Thank you for sharing this information and including tools for everyone to utilize for FREE!
Best teacher ever! Thank you so much!!!!
Thanks for the step by step breakdown 🙏🏿😊
You are the best. Thank you! I just subscribed!
Aww thank you!!
Anyone knows where is his financial freedom cheat sheet???
If I was starting over again today I would have 80% of my net worth in the S&P 500 and Berkshire Hathaway, and spend this time looking for an opportunity to go all-in with the remaining 20%.
What advice would you give to someone new to investing with around $200k to begin with?
I believe every investor should start with S&P 500 or an ETF for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
You don't need to find the next NVDA to succeed in investing. Just choose top-notch ETFs and partner with a financial advisor like I did. I turned $100k into $40,000 in annual dividends-a significant milestone for me today.
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for 6 years and highly recommend her. Check if she meets your criteria.
Thanks!
Another Great lesson * from a former school 🏫🎒 teacher 🎉🎉🎉
I am 57 years old and I have a Charles Schwab account, but I don’t really do anything with it so can I get started with what you were talking about?
Awesome value
Here to learn!
Here to share! 🙂
Really appreciate your beginner masterclass. Thank you🙏😊
I'm glad you found it helpful!
Thank you for the great information sir.
Wow I'm really glad people are tapping from this new AI algorithm investment.
@guidenext2204 what are you investing in stocks,crypto or currencies??
Hi thank you for for the information What the difference between ira and taxable broker account?
Thoughts on SPUS ETF? (Shariah-compliant S&P 500). Thanks in advance.
Thanks so much. I just wish I learn about this when I was in my 20s. I am trying to convince my husband to invest too. Thanks for teaching us and helping us be educated in investing.
Hi Steve, what about the fees like expanse ratio that we need to pay annually after buying ETF? Thanks so much!
great.. thanks bro
Thanks Rana!
Could you please give an example for Canadians?
Hi Steve great video for beginners, im ready to start but i have a question I have 150k in stocks in my old company i used to work for how do i move that over to a roth ira or should i leave it in because i get divideds from it every 3 months Thank you
Hi Steve. Hi everyone. Hope everyone has a great day.
Hi! Hope everyone’s having a good one!
Hi, what about SPLG as the fund to purchase
So, if you only have 15 - 18 years left to retirement and just starting to invest...do you buy two shares a month, to make up for lost time?
Can you make a video on different etf’s with different dividends? Also, can we sell covered calls on SPY?
Hi steve why do you not suggest a more diverse strategy? i.e bonds/ stocks
If we have enough in savings; would it be ok to max out the yearly maximum for Roth IRA. ?
Hi Steve! I bought my first 2 shares. 1 SPY and 1 VOO but after watching your video I didn’t realize I need to stick one S&P500. How do I sell or trade my VOO for a SPY to avoid being redundant. Please advise.
Hi. If im from asia(Malaysia) can you recommend which broker is good?
What about $SPLG? Would it be 4 shares of $SPLG per month to equal the amount of $VOO or $SPY?
Steve what are all of the accts you have? Also My kids are 4 and 5 year old and I want to take they're money that's in a regular savings and put it in a acct where they're money will grow
I can do the buying myself, I supposed. Is it better to get an investment broker for advice and do the buying for me?
Just did exactly what you said in my Charles Schwab account!! Question: does the balance (unused $) earn interest too? Great financial advice brother, I’ll be paying serious attention to all your videos 💯🤜🏽🤛🏽
It depends on your fund and account. In my normal brokerage acct I had to choose what form I wanted my uninvested cash to sit as, and chose a money market fund that gives 3-5% interest, but there were other free or low cost options available. For my Roth account I have it set to just invest a certain percentage in different funds, becaus I don't trust myself to be self directed with my retirement accounts. So all of my money transferred to my Roth, 401k, and HSA are automatically invested and I don't need to remember to log in every month or two to manually buy something. It just does it's thing, and I check on it a few times a year to make sure things are still working correctly.
@@CaedenV thanks so much for taking the time to reply! It’s truly appreciated sir.
This was a good watch.
Thanks! I'm glad you liked it! :)
Hi Steve, I am in my 60’s I want to get more advise in Increaymy retirement portfolio. Please advise. Thank you.
Do you know about AI trading.
AI trading investment changed my life literally
Wow did you use it in investing?? Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
On the Roth IRA - is that ok for students that don't have an income but are receiving a stipend from a college savings account? Won't they have to pay taxes ok their contributions? (Even still with paying taxes, isn't it the best option?)
Thx u
Steve you are appreciated. QUESTIONS: I have a lump sittings in a rollover that has not been invested. Is it best practice to by invest the lump all at once or beak it up the investing over a period of time? Thanks 🤝
Thanks Monica! It depends on your risk tolerance. Some people will invest the lump sum all at once because they don't mind the volatility of the markets in the long term. Some people may like to invest little by little (dollar cost average) because they want to average in the price as the markets fluctuate.
Can you buy fractional shares with vanguard?
Hello Steve, thank you for this info! Can we get dividends for owning SPY shares? How do we know which companies pay dividends? Many thanks!
Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
Will this work if i'm in the uk?
Hi love your content. I have a question regarding ETF. Is it better to pick 1-2 ETF to invest? I currently have 4 and I feel like it will take a longer time to grow all 4.
Hi Jeremy! You can keep it simple and start with 1-2 ETFs and slowly build your position from there. A lot of these ETFs have overlapping components (ex. MSFT, AAPL, AMZN, GOOGL) and you can see what companies or sectors you would like to have a larger allocation in based on your comfort level.
2:14 hello Steve! Thank you for all the valuable information. If I’m investing in my companies 401k with match would you suggest I also open a Roth IRA? I’m over 50, so I’m interested in investing maximum amount but I don’t have 30 yrs. If I only have about 15 yrs does that mean should have 500,000?
Yes, once you've maxed out the 401k, max out your Roth IRA next, keep income limits in mind. Once you've maxed those, find a HYSA you like or lock some funds in high yield CDs.
I have been using betterment for my Roth IRA - my understanding is that they automatically buy assests and my only responsibility is my monthly contribution. Is that correct? Sorry, I'm a bit confused about whether or not I am using this account correctly. Hope you can clarify. Thanks!
I’m Currently debt free and would like to make money. Just started Voo in a Roth IRA and plan to do maximum a year into it. Debating on doing a taxable brokerage as well with it
Awesome! I have a lot of friends and family that have a combination of both!
If I have access to contribute to an employer Roth 403b should I still open my own Roth IRA? Already contributing 20% to my employer sponsored 401k as well.
I did follow your advice.I opened and HYSA with Wealthfront, Can I also open an Roth IRA with them ?
Seems like a question to ask your institution and not a KZheadr?
I think U couldn’t open Roth IRA as I don’t have earned income but only disability benefits. Should I just open a regular account but be taxed at the end? Thanks
Can I just invest 30 k into etf now ? Instead of doing it every month for 30 years ?
I have my IRA on Acorns. Is that a good brokerage?
Splg or sfy
How do you rec differentiating between different brokerage equivalents (ie. FXIAX as opposed to VOO/VTI)?
A lot of these funds have overlapping components (ex. MSFT, AAPL, COST, AMZN, GOOGL). You just want to see how much of an emphasis you want within different companies or sectors in the market.
Can you talk about investing in dividend etf like schd?
I personally like schd, but it depends on your goals. S&p is generally going to grow more and faster. But if you are retiring soon, then converting to dividends will help you earn more cash flow without needing to sell off underlying assets. Personally, all of my retirement accounts are in s&p, or cap style funds because they have low costs and grow fast, and I'm not anywhere near retirement yet. My brokerage acct though is all dividend based, because I might use it for cash flow if times get tough, so it is a sort of 3rd household income for us... Not a large one, but better than nothing. But because it is a normal brokerage, I do need to pay taxes on that income whether I reinvest it or use it, so come tax season I need to be mindful of that. Lota to consider though, and depends on your goals and plans.
What do you think of spus
Folks watching are more likely over 30, most young folks won't be worried about retirement til they feel old
Hey there again Steve, how about M1 Finance?
I heard good things about it, but I never used it myself. How do you like it?
Once you deposit the money from your bank, is there a choice that tells you how you want to invest that money?. If I put money over 50, (600 a month )do we buy an asset that 400 or 500 and what about the money left?
Hi Steve , I’m a beginner at this and I just opened fidelity account what is the best to invest in you said VOO, and then S&P 500 which one
Generally they are all very similar. Pick the one native to your brokerage as it will likely have the smallest fees for you. Outside of that, they are all extremely similar.
If I bought two stocks instead of just buying one a month like you said, could I have $1 million potentially in 15 years instead of 30?
Hey Steve, my employers has really bad ETF allocations in 401k, should I avoid investing with my employer's 401k and go for a traditional roth ira?
Hmmm what do you mean by bad? Are they charging you a high management fee that’s above 1%?
@@CalltoLeap Yes
Can I choose Webull as a brokerage? Thanks.
Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
Can you explain? I have tsp, trowe price workplace 401k from past employer, and an employer 401k. Do I need to open a brokerage to do this strategy?
You know AI trading investment can your finance life . Investing in AI trading has been a game-changer for me! I was skeptical at first, but once I saw the results, I was amazed. The AI algorithm has consistently outperformed my own trading decisions, and I've seen a significant increase in my profits. But it's not just about the money - it's about the freedom and peace of mind that comes with knowing my investments are being managed by a cutting-edge technology. I used to spend hours analyzing charts and news, trying to make sense of the markets. But now, I can focus on what matters most to me, while the AI takes care of my trading. I've gained more time, reduced my stress levels, and achieved financial stability. I'm so grateful for this technology, and I can't recommend it enough! If you're hesitant, I understand, but trust me, it's worth exploring. AI trading has truly changed my life, and I'm confident it can do the same for you!"
Sir please share all your free excel etc Tks Sir
I put it in my description! :)
Hi Steve! I'm in my 40's, would the recommendation be the same to buy 1 share of S&P 500 per month? Also, do you ever sell these shares or just let them compound interest over the next 30 years?
I have the same question.
@calltoleap I wanted to follow up here :)
Love it was very interesting
Explain to me please why you prefer spy over voo. They seem exactly the same except voo charges less so is better.
Hi Peter! Both are great! SPY has higher liquidity/volume than VOO.
I’m watching until the end so I can understand fully.
I hope you get a lot of value from this video!
Sir i am Pranto Devnath, I can't find you on my original account
If we buy 1 share of SPY per month using a brokerage account, how much capital gain tax do I have to pay if I withdraw the fund after 30 years? Is it wise for people who are over 50 to use this 1-1-1 method? Thank you.
If you invest in a Roth IRA, it will be tax and penalty free at 59.5.
Does it have to be an S&P ETF? or can it be a S&P mutual fund?
Not sure how or why S&P whether an ETF or mutual funds why the rate of growth is so different...unless it's just the weight of the top 10 of each is...still learning thanks ao much for your videos and guidance
I like S&P 500 ETFs because it's the standard index that the majority of investors invest in. Also, ETFs usually allow you to sell covered calls. You can't do this with mutual funds.
Generally good advice... But basic mental math says that this isn't going to give you $1M after 30 years. It will give you more than $1M. Because the underlying asset isn't a fixed amount, but you are buying 1 every month, then the amount you are investing is going to increase on average 10% per year... Which may be a lot to keep up with after 30 years lol. I mean, look how much people complain with more normal 2-5% inflation on things. 10% extra invested every year is going to get brutal over time. But this means you will be investing a lot more of your own money... But you will also hit that $1M balance probably closer to 20-25 years instead of 30. So it's not all bad.
What if I dont make much like 583, how much do I put in, I only have about 400 per paycheck every 2 weeks
Have you tried using AI for your investment trust me is life changing experience
Hi , do you need any help with editing?🤗Just let me know!
Also can someone do the 111 weekly
You would probably hit cap before the end of the year in a Roth acct and run out of funds to invest... But if you have the money then you can do it in a non-Roth Ira, or a normal brokerage acct. But it's a free world man, if you have the cash to do it weekly, then there is absolutely a way to do it!
Is 36 years old too late to start investing thoughts? I have no debt
You can still invest! It’s not too late. I’m also 36. 🙂
@@CalltoLeap if I get a ton of savings after putting aside $30k or so in my HYSA, would you just do brokerage account that’s taxable? Also, is 30k enough for emergency savings?
what if you canonly afford 200 a month😊
Where were you 20 years ago
Very useful topic. Kids should be taught in high schools before heading to college. Thank you for your dedication, Steve! Keep up your good work!
how would you invest 750,000 if you were 60 and don't need the money for a long time
Real estate
No suitable for age 50 above 👆
Ah so you have to be under 30 😢
Please don't use the titles that are false. Stop lying.
Fxaix?
2:14 hello Steve! Thank you for all the valuable information. If I’m investing in my companies 401k with match would you suggest I also open a Roth IRA? I’m over 50, so I’m interested in investing maximum amount but I don’t have 30 yrs. If I only have about 15 yrs does that mean should have 500,000?
If over 50 then you will want to do the math on that. A Roth Ira is after taxes are taken out, so it is actually quite expensive to invest in, and you need more time to recover the taxes paid up front when investing in the account. If your 401k is large enough to let you not touch your Roth acct until year 10 of retirement, then there is a good chance it is worth doing. But otherwise you are likely better off doubling down on the 401k and only doing the Roth if you hit the $22k 401k contribution limit and need to invest more to reach your goals. Plus you can always do a back door Roth conversion later if it makes sense to pre-pay your taxes before retirement, so you don't need to do the Roth right away.