AUGUST UPDATE! In this video, I dive into my personal challenge of investing $5 daily into the stock market. Since January 2022, I've been on this journey, and my aim is to show you that even small investments can make a difference in the long run. Follow along as I provide an update on my portfolio for August 2023, show you how fractional shares work, and explain the power of dollar cost averaging. Whether you're a seasoned investor or just starting out, there are insights here for everyone.

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HIGHLIGHTS:
Small Investments Matter: Starting with just $5 every day, see the growth and potential of small, consistent investments.

Fractional Shares: Discover the beauty of today's investing platforms, which allow you to buy fractional shares without the need to save up for an entire stock or ETF.

Portfolio Update: An indepth look at the current standing of my investments, including the S&P 500 fund VEO and a dive into the world of cryptocurrency with Ethereum.

Dollar Cost Averaging: Understand the power and benefits of investing at different price points.

Critical Warnings: Taking heed from comments on previous videos, I address two major warnings that every investor should consider.

Longterm Vision: Investing isn't just about immediate returns. See the potential of where this strategy can lead 10 or 20 years down the line.
For those who are curious about investing but might be hesitant due to limited funds, this video is a testament that you don't need to start big. Even with a small amount like $5 a day, the financial journey can be rewarding. Join me as I reflect on the past, analyze the present, and predict the future of my investment journey*.

Chapters of Today's Investing $5 a Day Challenge:
00:00 Intro
00:44 VOO (S&P500) Update
02:24 How Daily Investing Works
03:02 Power of Dollar Cost Averaging
03:48 Ethereum Update
05:35 First Critical Warning (Roth IRAs)
06:59 Second Critical Warning (Compound Interest)
08:08 Averaging a 10% Annual Return
09:04 Building to $100,000

Links from Today's Video:
Compound Interest Calculator: https://www.nerdwallet.com/calculator...

Receipt on Average Stock Market Returns: https://tradethatswing.com/averagehi....

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.