How to Invest for Beginners (2024)

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In this Beginner's Roth IRA Investing Masterclass, I talk about the 5 steps on how to build a $1 million portfolio:

1. Choose a brokerage (Customer support, functions)
2. Open a Roth IRA (Questions, form)
3. Deposit money (How much to contribute based on age)
4. Buy assets (ETFs vs individual stocks, what's easiest for beginners)
5. “Water your plant” (DCA method, DRIP)

I also talk about the number one mistake beginner's make, which is that many people give up too early because they don't "see results."

Like anything with life, it's important that we stick to the game plan when it comes with being disciplined and consistent with investing our money on a monthly basis.

We need to water our plants.

Remember that this is a BEGINNER'S video and I didn't want to get into the complexity of describing the growth of the shares, ETF/stock splits, etc. I wanted to make all variables static to keep the video simple.

As a former public school teacher, I found that when things are too complex, people often don't take action.

Also, getting to a $1 million portfolio is going to depend on how much you invest monthly. Start small and invest consistently to help you grow your wealth exponentially in the long-term. It's okay to be the turtle.

I hope that we're all able to plant our acorns now, so we can all have oak trees later and be able to live off of our dividends and asset growth.

Hope this video brings value to you and encourages you to start building your wealth! :)

Have a good day!

-Steve

👋🏻 How to build a $40K-dividend portfolio:    • Beginner's Dividend Portfolio Buildin...  

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