What’s the difference between a $100 stock portfolio and the average million-dollar portfolio? The answer is not what you expect! Get started with these 8 simple steps to start investing right now https://youtu.be/oRxz_0s875I
You can get rich in stocks but the real path to become a millionaire might not be what you think. In this video, I’ll start by showing you the typical $100 portfolio and the biggest mistake most people make when they start investing. I’ll then show you how to invest that first $100 and give you three simple steps to grow it to $1000 and more.
Then I’ll reveal the average million-dollar portfolio, what’s in it and how it changes how you invest to get rich. This is from a survey of over 2,000 millionaires and the results will blow your mind. It changes everything people think about millionaire investors and will change how you become a millionaire.
I’ll then give you three rules for getting rich on any budget, three commandments you can follow to get rich in stocks. It’s an all-in-one tutorial for investing from getting started to becoming a millionaire.
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Within that first $100 portfolio, I’ll show you the funds to buy that will get you started. These are broad funds that, while they might not make you a millionaire, they will lower your risk and make for a stress-free strategy. Buying these funds with just $100 means you’ll need to be on an investing app that offers fractional shares though like M1 Finance. Learn about M1 and fractional investing here https://mystockmarketbasics.com/joinm1finance
Growing your $100 stock portfolio to $1000 or more means adding individual stocks and I’ll show you which to buy. That starter portfolio will get you started and could make you rich but the real secret comes when we look at the average million-dollar portfolio. The difference between the average investor and the average millionaire is something nobody expects but will change how you think about getting rich and how you do it.
0:00 How to Invest in Stocks to Get Rich
1:49 How to Invest Your First $100 to Get Rich
5:42 Investing Plan to Grow Your $1000 Portfolio
8:04 What is in the Millionaire’s Portfolio
11:10 3 Rules for Getting Rich on Any Budget
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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