Investing Basics Archives - The Ways To Wealth

SPY vs VOO: Choose the Best ETF for Your Goals

R.J. Weiss — Wed, 16 Nov 2022 02:54:06 +0000

The key to successful investing is finding the right investments for your goals and risk tolerance. Two of the most popular choices for everyday investors are the SPY and VOO exchange-traded funds (ETFs). SPY is the SPDR S&P 500 ETF. It tracks the performance of the S&P 500 index and is one of the market’s largest and most actively traded ETFs. VOO is the Vanguard S&P 500 ETF, which also tracks the S&P 500 index. It’s one of the most popular ETFs for buy-and-hold investors, and a common holding in robo-advisor portfolios. SPY vs. Voo Summary: SPY vs. VOO: The […]

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4 Best Micro-Investing Apps for Beginners

R.J. Weiss — Wed, 09 Feb 2022 09:00:00 +0000

From rounding up your spare change to investing in fractional shares of stock for just $1, The Ways To Wealth’s list of best micro-investing apps can help you decide on the app that’s going to help you accomplish your financial goals. What Is Micro-Investing? Micro-investing is investing small amounts of money (often automatically) into the stock market. This isn’t to be confused with micro-savings, which is the process of saving small amounts of money in short-term investments like a high-yield savings account. A decade ago, investing $1 in the stock market was impossible because of high fees, which often ran […]

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How to Invest $50 In the Stock Market

R.J. Weiss — Sat, 13 Nov 2021 07:00:00 +0000

Most people wait to start investing until they have a significant amount of money saved up. This made sense a few years ago for two reasons: But now there are high-quality, zero-fee investment providers that let you get started for $50 (or even less, in some cases). If you’re wondering how to invest $50 in the stock market (or whatever little money you have, for that matter), this article can help. Should You Start Investing? Before you start investing in the stock market, you want to make sure that doing so makes financial sense. The number one reason why you […]

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How to Make Money Investing in Stocks for Beginners

R.J. Weiss — Fri, 15 Oct 2021 15:26:43 +0000

This is an in-depth beginner’s guide on how to invest in stocks and make money. Here’s what we’ll cover: This article specifically focuses on stock investing. You can also read our beginner’s guide to investing to learn about investing basic, best practices and potential alternatives to stocks. What Is a Stock? A stock is a share in the ownership of a company. This simple idea often gets lost on new investors. “Stock certificates are deeds of ownership in business enterprises and not betting slips.” — Warren Buffett As a stockholder in a company, you have a claim on part of […]

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How to Start Investing for Beginners [Step-By-Step Guide]

R.J. Weiss — Wed, 13 Oct 2021 15:42:22 +0000

This is a complete step-by-step guide on how to start investing. For beginners, there are many big decisions to make when you’re starting to invest. At first, it can seem overwhelming. But by the end of this guide, you’ll see that successful investing is not complicated. Better yet, you’ll learn the simple strategy that has consistently beat investing professionals for decades. Here’s exactly what we’ll cover in this guide: What Is Investing? Investing is how you allocate existing assets and cash flow for a future desired benefit. Understanding this definition is important because it touches on how you should think […]

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What Buying Tesla Shares for $26 Taught Me About Investing

R.J. Weiss — Fri, 14 Feb 2020 17:03:23 +0000

Back in 2012, I bought 190 shares of Tesla when it was valued at just over $26. What happened in the days and months after I placed that order taught me more about investing than I could have ever imagined. In this post, I’ll share a few of the valuable lessons I learned from the experience, explain why investing in stocks is so hard, and discuss the most effective way to build wealth over time. Spoiler alert: I sold my shares long before they hit $900 (and I feel fine about it…). What Happened After I Bought Tesla in 2012 […]

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