[April]

How do you invest in a s&p 500 ? Please share books articles, even the steps on how to do it. This is new to me and foreign

What are the best ways? Are there any recommended books, articles, or step-by-step guides for beginners? I’m looking for reliable resources and practical advice to get started.

Any insights would be greatly appreciated!

[Doug]

Just buy a whole market index like VOO (and many others out there). And another vote for buying and reading “The Simple Path to Wealth”.

[Cecelie]

I would read The Simple Path to Wealth, for starters, and then go from there.

[Bethany]

Open a Schwab account.
Fund it.
Pick an index fund.

[Maranda]

Like others said… open a brokerage account- the big 3 are vanguard, fidelity, and Schwab. They have very low expense funds.

You can download the app of the one you choose and set up your account from there.

If you don’t already fund a Roth IRA I would do that option- it grows tax free. But you can only contribute 7000/yr and there are limits to withdrawals.

A regular brokerage has more freedom but no tax savings.
Set up Funds that mirror S&P:

vanguard I use are VTSAX, VTI
Fidelity I use FXIAX
Doesn’t matter which company you use to manage, they are all pretty similar.

I set up an auto draft from my bank account to fund monthly

[Arturo]

Pick a company like Fidelity, Vanguard, Charles Schwab or anyone that you can set manage a IRA or Brokerage account.

Go on their website login and press or look for (open an account) then look at (Open Roth IRA or Open Brokerage account or open HSA depending on what your looking to do).

Once approved and the account is made, you need to deposit funds into the Roth IRA or account made, you can do as much as you want but the annual limit is $7000 for a IRA and no limit for a brokerage account and a 4K limit for single or 8k limit for married.

Then within the account something should say trade.

First Press Trade In which you’ll use then search for SPY or VOO or any one of your choice – then select what account your going to be buying in- then select the action which is Buy- then Select the type of buy being Market (meaning buying stock within the market hours)- and then select a dollar amount you with to buy with then make the purchase.

Done

[Trevis]

The easiest way is to open a brokerage account with someone like Fidelity or Schwab. Put some cash into that account. You can transfer it in from your checking or savings account.

Once the money is there, purchase an ETF or Mutual Fund that follows the S&P.

Step by step.
Once you have your account created and funded. Login to the website or app and look for a button in their app that says “trade” and for the “symbol” enter VOO.

The trading screens are kind of confusing and will say things like “buy/sell” and “marker/limit”… take your time.

You can google the words that you see because they are industry standard terms but what you will want to do is:

Look at how much VOO is trading for at the moment. (Right now it’s $558/ Share). Use the calculator to figure out how many shares you can buy.

Once you know that. You can place your trade.
Buy, Market, enter the number of shares that you have enough money to buy… place order.

Once you get the hang of it, it’s not too bad but it can be overwhelming at first.

[Author]

Posts