Step by Step: How to Beat the Pros with Index Funds (Up 24% in 2023)
Index Funds Are the Answer
Index Funds are the most underrated investment strategy. I explain how to invest in index funds and also compare index funds vs mutual funds. Compounding interest is the 8th wonder of the world. Building wealth to become a millionaire does not get more boring than putting your money into index funds. The magic happens when you combine their low costs and compounding interest. The strategy of buy, hold, and reinvest has the uncanny ability to immediately end any dinner party conversation. This video explains just how easy it is to invest in the most dependable investment strategy - anyone with an internet connect and $10 can get started.
🔴 Why not subscribe? 👉 bit.ly/BirchFinance
📖 Chapters
00:00 - 92% Success Rate
00:48 - Index Funds & Snickers
01:59 - Build Wealth With These Funds
03:00 - Be Lazy
04:23 - A Better Average
05:37 - Loss Aversion
07:17 - What & When?
A Few Must-Reads on Wealth:
Psychology of Money - Morgan Housel - amzn.to/48JzodG (Amazon)
Millionaire Next Door - Thomas Stanley & William Danko - amzn.to/3vL81S0 (Amazon)
Zero to One - Peter Thiel & Blake Masters - amzn.to/3u2lxAd (Amazon)
All content on the Birch KZread channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Frankly, it's barely entertainment. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. If any of them direct you to this video, you know the caliber of professional you're dealing with. Some links in the description may be affiliate links.
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🚀 The S&P finished 2023 with a 24% increase. That's nearly 3x the average yearly return (adjusted for inflation). It was a good year if you had skin in the index fund game! 🤷♂️ Why not subscribe? 👉 bit.ly/BirchFinance Thanks for stopping by!
I’m loving your videos!!
@BirchFinance
6 ай бұрын
So glad you like them! Thanks for letting me know I'm on the right track! 🙌 Glad to have you on the team!
This channel should be way more popular. Earned a sub.
@BirchFinance
20 күн бұрын
@@johnbrand6401 Hey John, appreciate it! Welcome to the team!
Your videos are really, really good. Thanks for both great info and entertainment. What a great combo!
@BirchFinance
2 ай бұрын
Thanks so much! Appreciate you stopping to leave the note. More on the way!
Keep up the great work!
@BirchFinance
Ай бұрын
Thanks so much! 🙏
wow! thanks, mate, for the simple language and easy-going style. I'm on my way to the first investments. Happy to find this channel. Cheers from Ukraine
@BirchFinance
6 ай бұрын
Hey, thanks for letting me know! So glad to hear the information resonated with you. Index funds are a rather dry topic but powerful investment tool. The sooner you get those first investments, the sooner your money can start working for you! Stay safe. The world is with Ukraine. 🇺🇦💙💛
Thank you for your video. I appreciate the simplicity of your presentation. How can i get into this as a non American?
@BirchFinance
11 күн бұрын
Great question. I have not researched that angle but I would be surprised if there weren’t similar index fund options on foreign trading platforms
Great video! So easy to understand! I recently opened my Checking + Brokerage Account with CS. Question, in the 'strategy' section while buying, do you select mutual funds or ETF? I know that Mutual Funds will trade at the end of the day and for long-term investors this doesn't really change anything, but I was wondering what your preference was. Thanks and I hope you keep putting up great content!
@BirchFinance
6 күн бұрын
Hey Luis, glad the video was helpful and welcome to awesomeness that is Chuck Schwab! Great question. When you're researching index funds, just type in the ticker symbol (such as SWPPX) and take a look at the Expense Ratio. The lower the better. Sometimes mutual funds charge significantly more than index funds - usually because they are actively managed. But if you're in it for the long haul, an actively managed fund isn't necessary. I don't hold any actively managed funds. Hope this helps!
Great advice for young people. What's best for middle-aged folks who don't have 30 years to wait? FOREX, lottery, chickens?
@BirchFinance
6 ай бұрын
Chickens are your ticket. But not just any breed. I suggest a Brahma or Rhode Island Red. Redcaps delivered in 2017, but were replaced by the Marsh Daisy in 2019.
@paulcaskey
6 ай бұрын
Thanks for the tip!@@BirchFinance