Index investing is very easy to do and a great way to build wealth over time. Getting started is simple, so you can start building wealth in less than 15 minutes!
4 Easy Steps to Index Investing
1) Find a fund you want to invest in (we’ll list our favorites)
2) Open a brokerage account that offers that product
3) Fund your brokerage account
4) Start investing!
5) (for the experts) Set-up automated investing in your fund
#1 Find a Fund
There are lots of great index funds out there. We recommend choosing one that either tracks the entire S&P 500 or that tracks a group of stocks you think are very strong. Try to choose one with at least 100 stocks to make sure you’re at least somewhat diversified. Some of our favorites:
- VFIAX (+24% in 2023)
- VOO (+19% in 2023)
- SWPPX (+19% in 2023)
- IVV (+20% in 2023)
- TMFC (+37% in 2023)
- QQQM (+50% in 2023)
#2 Open an Account
These are some of the leading offerings in the market that we recommend:
#3 Fund your Account
Put some money in your account so you can start investing. You don’t have to start with a lot of money. Put what you’re comfortable with and go from there.
#4 Start Investing!
You’re an investor now. Try investing in a few funds, watch them over time, and then start to invest more as you have a feel for the market and your investments.
#5 Automate!
Optional, but a great way to make your investing easy and grow your money without you needing to lift a finger.
Disclaimer: The market is volatile. No investment is a guarantee of returns
