Is There Any Reason Why I Should Invest My Dollar Bills ?
Glad you asked. The stock market goes up over time.
What Does That Mean?
Okay we’ll back it up. Have you ever heard of the S&P 500? It’s a fancy name for tracking how the largest 500 companies in the United States are doing. Think Apple, Amazon, Google, Exxon, Wells Fargo, along with another 495 more – it’s these companies that do the best job of describing “the market”.
But the Stock Market Sounds Terrifying
The market goes up and down in the short term. Curious to know what it does in the long run? It goes up - take a look for yourself. In order to grow your dollar dollar bills (y'all), investing over an extended period of time is a key component to adding commas to your bank account.
What Would Jerry Maguire Say?
Show me the money…and that it’s really difficult to pick individual stocks. In fact, most finance pros can’t beat the S&P 500 over time. So if you can’t beat them, join’em. Our advice is to invest in the market with low cost investments which are well diversified (so that you're not putting all of your eggs in one basket). Companies such as Vanguard and Fidelity offer up some great options to get started. Give Vanguard a call at 877-662-7447 and tell them you’d like to get going with the Vanguard S&P 500 ETF.
My pops always told me that investing should never be what’s left over from your monthly budget or expenses. Investing is an expense – try setting aside 10-20% of your paycheck to invest towards your long terms goals.
About Dollar Dollar Bills Y'all
just here to help others with their dollar bills
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