⭐ UPDATE !!! ⭐ Charles Schwab has changed their UI a bit and some Roth IRA rules have changed. I just posted a new video COMPLETELY UPDATED for 2024 on how to open, contribute to, and invest in a Roth IRA at Charles Schwab. Check it out here: ua-cam.com/video/U6rvCKkRZ4M/v-deo.html
You're literally a life-saver. My dumb 21-year-old self thought that all you had to do was to put money into a Roth IRA and that it didn't require an additional step of investing. Thank you so much
Everyone who commented on this reply are smart, because you decided to invest in your 20's. Great move everyone, I've just started at 39 years old and playing catch-up so don't feel so bad.
THANK YOU for being the only one to actually explain this process step by step after I watched so many other different videos. I appreciate it and will keep watching you!
Thank you for the kind words! Just so you know, this video is a little out of date since Schwab changed their UI. I released a new version of this video 2 months ago that you might find more useful: ua-cam.com/video/U6rvCKkRZ4M/v-deo.html
I have had money sitting in my charles schwab account for a couple of years because i was so overwhelmed and this made it so easy to understand. thank you thank you thank you!
So grateful that I clicked on this! I recently opened up a ROTH IRA and felt like I wasn’t doing something right. Turns out that I forgot to invest. Subscribed!
You are so right Alex - taking ACTION on the 2nd step vital! Human nature is to go 1/2 way, but that would be like filling the car up with gas and then parking it and going nowhere. Great step-by-step demonstration in this video!!!
Alex, I opened an account with Charles Schwab and had no clue how to invest so I waited to fund it. Watching two of your videos has given me the knowledge & confidence to proceed forward. I have now funded my account and will now make my investments. Thank you for explaining this information where I can easily understand. Your videos are awesome, I am so appreciative!
I opened a Roth & wire transferred the amount to fund my Roth, and called CS customer service to get help because I couldn’t figure out how to invest the money in my Roth. They were super nice, but it was not easy for me to understand what they told me; this is exactly what I needed to know. You described it so well! Thank you so very much! 🙏🏽
I trust her because she has lots of healthy plants. That takes some knowledge, commitment and the ability to nurture something and help it grow. Kinda like an account over time 🙂 Thank you for the clear, helpful video.
This was very helpful. I personally went into two separate Charles Schwab offices looking for help and know one was able to offer the level of assistance Alex provided in this video.
Thank you for your clear explanations! I have a beginner question--for example, if your balance grows, do you buy more shares to maintain the percentages of each fund?
Thankyou so much alex, i'm preparing for a tax exam, being an international student i didn't understand how the IRA's work, but now i do thanks to your video, great walkthrough and explaination. you are very beautiful btw : )
Hello wow first of all only 3 k subscribers. I started thinking about roth ira few weeks ago after some research I found your video amazing video so easy to understand and so much value. Thanks I am a subscribers now .
The main reason I wanted to watch this video was to understand the tax section after choosing how how much money to transfer into the account, either that wasn't in the previous version of the website or it was skipped. If you haven't already, it may be a good idea to update with a newer video as the site has changed a little since this recording. Great quality video, thanks!
Solid information. Roth is incredible, especially for young people just starting out.... never pay taxes on those capital gains or dividends. Very powerful as well about no penalty on the withdrawals. Hopefully though that’ll be left in as long as possible for the full compounding effect.
Definitely! Roth IRA contributions should only be treated as a mega-emergency fund. It's just a nice perk that makes me favor them over Traditional IRAs. Thanks so much for watching!
the second half of the video was like a foreign language to me....trading?? how? why? how do I know where to put it? I don't even know what I don't know. Definitely need to binge your videos
Everyone starts somewhere. :) I'm planning on going into more detail on how investing works, how to pick investments, and more in future videos so be sure to keep an eye out!
Firstly, I wanna thank you watching this video greatly inspired me to start saving my money and invest it. I have a question, however, why for a Roth ira buy ETFs and not regular Index funds?
Thank you! Great question. I actually have a whole video on the differences between mutual funds, index funds, and ETFs: ua-cam.com/video/GSKaCMZOgu4/v-deo.html. ETFs can be (and usually are) structured as index funds. I like investing in index ETFs because there's usually no minimum and they trade like stocks (whereas mutual funds only trade at the end of the day). The differences are very, very small however, so either option is great!
That is a great question that I didn't initially know the answer to, since I always make my investments manually. I did a bit of research and it looks like auto-investing is unfortunately only available to select Schwab mutual funds, not ETFs. If you do invest in an eligible mutual fund, you're able to set a fixed dollar amount that you want to invest each month. Go to the Research tab then select Mutual Funds at the top. You can search and filter on "Automatic Investment Plan" to identify the eligible mutual funds. From what I read, most brokerages are similar. The only brokerages I could find that allow for broader auto-investing are Robinhood and M1 Finance. Hope this helps!
I’m still lost when it comes to contributing to the account. Do I have to KEEP buying shares monthly or weekly or what have you for the money to grow? or do I purchase it once and then it does it’s own thing with the dividends ?
Good eye - I definitely did! I noticed that when I was editing the video. Luckily Schwab allows you to change your dividend reinvesting choice after the transaction goes through! Thanks for watching. :)
Thank you so much for this Alex. You have taken away the mystery of how to start investing with Schwab. I have been asking the question of how to do this to many Ph.D. types at the University I work at and it seems that no one knew. So thank you once again. I just subscribed to learn more.
If you're currently trying to decide what investments to make in your Charles Schwab account, check out my other video that explains the differences between index funds, mutual funds, and ETFs, along with some tips on how to choose the right fit for you! ua-cam.com/video/GSKaCMZOgu4/v-deo.html
Hi Alex! Wow i'm such a fan already and I hope your subscribers blowup! I have a question, i'm self employed is there a different way I should open up a roth IRA? Should I use my business in anyway to add money to accounts or do it as personal income? I'm not sure if there are any tax advantages or not.
This was super helpful! but my OCD brain was like...oh no, you forgot to check the reinvest dividends on the 2nd order you made. haha! thanks for the help 2 years later
Hi Alex! Can you perhaps do a video on the Schwab Intelligent Portfolios and on the terminology of what it means to do a Market Order, Limit, Stop, Stop Limit, Trailing Stop, and Sell Short in a Charles Schwab account?
Do you think 60% SCHB 40% SCHF is a good starting point for a beginner Roth? Just opened one and maxed out for the year, debating between doing this split or similar or just throwing everything into SWYNX only thing is I don’t feel I need bond allocation right now, and the management fees of the target fund
Good question! I generally don't think target funds are worth the management fees because you can get virtually the same exposure by picking a couple ETFs. I ended up with 60% SCHB and 40% SCHF based on a modified "3-fund portfolio" approach, excluding the third fund (bonds) because I don't think bonds are necessary at my age. I like having exposure to both the US and international markets, and you can play around with the percentages as you prefer, which you can't do with that target fund. I definitely think this is a good beginner option, but because the differences are so subtle, you can't go wrong with either approach.
@@AlexQuinnYT awesome thanks so much! I saw somebody recommend somewhere to put maybe 5% into SCHE because SCHF only covers developed countries, is there a lot of benefit from this you think, or no?
@@brandonduncan827 Totally personal preference! A little diversification is never a bad idea, I just prefer to keep things simple which is why I only stick to SCHB and SCHF. Emerging markets have relatively high volatility so if you don't mind the extra risk, they can be a fine addition. 5% isn't going to make-or-break your portfolio either way.
Great video thank you! I have a question, not sure if I missed it in the video - but is there a way to automate the buying of shares each month or do I have to do it manually?
Unfortunately not with ETFs. But if you choose to invest via mutual funds, you can set up auto-investing! I have a video here showing the process: ua-cam.com/video/FoWmz8xxEvw/v-deo.html
Wow!!!!! I am not kidding when I say that I've researched on this subject hours, days and weeks watching many different videos and like everyone else here says.... Your video has been THE BEST hands down for sure!!!!👌👏👏👌 Thank you sooo much for explaining the whole process so clear and easy to understand! 🙌Thank you Thank you Thank you!!!! Now I feel confident and 100% ready to begin this Roth IRA journey!! Bless your heart for sharing such great work with all of us!!,😃🫶 💕
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Thank you for the information. One question Do I have to go in and purchase more shares each time I contribute money or is there a way to make auto purchases?
Aw thank you - this video has had a lot of great feedback and I'm so glad people have found it helpful! Please let me know if there's any other topic you'd like for me to cover. :) I'm planning on making a video describing the differences between ETFs, index funds, and mutual funds soon.
@@AlexQuinnYT that's great - one topic that may seem easy at face value, but challenging for beginners: changing brokerages. I am in the process of changing from an actively manages IRA with one company and changing to Schwab. Maybe just changing ships in investing/accounts may be helpful down the road?
It's been a while. Great video, I actually didn't know that you could withdraw contributions from your roth IRA at anytime, I need to figure out how to do that, I'm interesting in the early retirement conversion ladder. Like-26
Thanks so much for this video! Now that you bought shares for that money you had in there, what happens next time you add more money to the Roth ira? Do you have to go back in and manually buy more shares? Or does it do it automatically? I see they have robo advisors..is this a smart option?
You'll need to purchase new shares every time your direct deposit comes through into Schwab. There's no way to set it up automatically, unfortunately. If you choose to invest in mutual funds instead, Schwab does offer automatic investing with a limited selection of mutual funds: ua-cam.com/video/FoWmz8xxEvw/v-deo.html
⭐ UPDATE !!! ⭐ Charles Schwab has changed their UI a bit and some Roth IRA rules have changed. I just posted a new video COMPLETELY UPDATED for 2024 on how to open, contribute to, and invest in a Roth IRA at Charles Schwab. Check it out here: ua-cam.com/video/U6rvCKkRZ4M/v-deo.html
You're literally a life-saver. My dumb 21-year-old self thought that all you had to do was to put money into a Roth IRA and that it didn't require an additional step of investing. Thank you so much
Don't worry - many people have made that same mistake! I'm glad you were able to fix it now rather than 20 years down the line though. :)
My dumb 24-year-old self did the same!!
23-year-old dumb dumb here had the same problem. I'm going to open a Roth IRA soon and I had no idea about the extra investing steps!
My dumb 21- year-old self did the same thing and it has been sitting there doing nothing for montthhhssss
Everyone who commented on this reply are smart, because you decided to invest in your 20's. Great move everyone, I've just started at 39 years old and playing catch-up so don't feel so bad.
This was the most straight forward video on Roth IRA's that I've seen so far. I wish I could like it more than once. Great job!
Thank you so much, that's so kind of you! :)
This was by far one of the clearest and most concise video I have personally seen on Roth IRAs!
THANK YOU for being the only one to actually explain this process step by step after I watched so many other different videos. I appreciate it and will keep watching you!
TFS. This is exactly what I was hoping to gain from the video. Now I know how to invest in a Roth IRA. Thanks Again!
I second those sentiments! I’ve been looking for a video that actually walked me through what to do on the computer, and I stumbled on this one 🥳
Thank you for the kind words! Just so you know, this video is a little out of date since Schwab changed their UI. I released a new version of this video 2 months ago that you might find more useful: ua-cam.com/video/U6rvCKkRZ4M/v-deo.html
@@AlexQuinnYT Thank you🙏🏾
I have had money sitting in my charles schwab account for a couple of years because i was so overwhelmed and this made it so easy to understand. thank you thank you thank you!
So helpful. There I am contributing for 2 years and not knowing I have to set up investments. Thank you!
So grateful that I clicked on this! I recently opened up a ROTH IRA and felt like I wasn’t doing something right. Turns out that I forgot to invest. Subscribed!
I'm so glad you found it helpful! You're definitely not alone - LOTS of people make that same mistake. I wish they taught this stuff in school!
Thank god, 3 years later and this is sooo helpful! Im going to check out your new one now.
You are so right Alex - taking ACTION on the 2nd step vital! Human nature is to go 1/2 way, but that would be like filling the car up with gas and then parking it and going nowhere. Great step-by-step demonstration in this video!!!
Agree completely - thanks for watching!
I just turned 26 and I’m glad I watched your video because like many others I was just going to let the money sit in the account
Alex, I opened an account with Charles Schwab and had no clue how to invest so I waited to fund it. Watching two of your videos has given me the knowledge & confidence to proceed forward. I have now funded my account and will now make my investments. Thank you for explaining this information where I can easily understand. Your videos are awesome, I am so appreciative!
THANK YOU SO MUCH! I have a Roth account that wasn't doing anything, and no one ever told me I need to invest it. You've really helped me today.
I opened a Roth & wire transferred the amount to fund my Roth, and called CS customer service to get help because I couldn’t figure out how to invest the money in my Roth. They were super nice, but it was not easy for me to understand what they told me; this is exactly what I needed to know. You described it so well! Thank you so very much! 🙏🏽
This was so informative! I just opened an account yesterday and contributed but didn’t know about the last step! Thank you!!! 😊
Thank you!!! I opened up a Schwab Roth but had no idea where to start, they don't walk you through any next steps. This was incredibly helpful!
I trust her because she has lots of healthy plants. That takes some knowledge, commitment and the ability to nurture something and help it grow. Kinda like an account over time 🙂 Thank you for the clear, helpful video.
This is exactly what I was looking for. Thank you!!!
I'm so glad it was helpful! Thank you for watching. :)
Great video! The UI on Charles Schwab is pretty bad tbh thank you for showing the step by steps.
This was very helpful. I personally went into two separate Charles Schwab offices looking for help and know one was able to offer the level of assistance Alex provided in this video.
this was super helpful I feel like I can understand the concepts of investing but not the actual Schwab website!!
SUPER HELPFUL! I had transferred money into my Roth account, but didn’t finish all the way w/investing. Thank you so much.
I’ve referred to this video a few times already setting up Roth IRA’s for my wife and myself. Thank you!
Best and most simplistic video for Roth IRA I have seen. I have decided to go with Charles Schwab
I've been looking for this EXACT video. So helpful thank you so much for breaking it down for those of us who are completely new to this!!
Thank you for your clear explanations! I have a beginner question--for example, if your balance grows, do you buy more shares to maintain the percentages of each fund?
Thankyou so much alex, i'm preparing for a tax exam, being an international student i didn't understand how the IRA's work, but now i do thanks to your video, great walkthrough and explaination. you are very beautiful btw : )
Hello wow first of all only 3 k subscribers. I started thinking about roth ira few weeks ago after some research I found your video amazing video so easy to understand and so much value. Thanks I am a subscribers now .
The main reason I wanted to watch this video was to understand the tax section after choosing how how much money to transfer into the account, either that wasn't in the previous version of the website or it was skipped. If you haven't already, it may be a good idea to update with a newer video as the site has changed a little since this recording. Great quality video, thanks!
At 25 years old, just opened one of these up. This video was a great help! Just subscribed. Can’t wait to learn more from you! 😄
Me and you opened this together ,thank you so much
Solid information.
Roth is incredible, especially for young people just starting out.... never pay taxes on those capital gains or dividends.
Very powerful as well about no penalty on the withdrawals. Hopefully though that’ll be left in as long as possible for the full compounding effect.
Definitely! Roth IRA contributions should only be treated as a mega-emergency fund. It's just a nice perk that makes me favor them over Traditional IRAs. Thanks so much for watching!
This was so helpful! I opened a Roth IRA with Schwab and had no idea where to start. Thank you!
Glad it was helpful, thanks for watching!
Very good video. I already had a Charles Schwab account and am over 50. Setting up the Roth IRA was very easy to do. Thanks
Finally! Someone showing how to do it step by step. This was very educational. Tysm!
Great step by step! Do we need to manually trade each time? Or is there a way the money we input is automated to our choice of investment?
Alex, thank you for the easy to follow along to guide. I just opened my Roth IRA and High Yield Checking through Schwab. It was very informative.
the second half of the video was like a foreign language to me....trading?? how? why? how do I know where to put it? I don't even know what I don't know. Definitely need to binge your videos
Everyone starts somewhere. :) I'm planning on going into more detail on how investing works, how to pick investments, and more in future videos so be sure to keep an eye out!
You are my new person🎉
This video has been the best video I have seen on this topic. Thank you!
Firstly, I wanna thank you watching this video greatly inspired me to start saving my money and invest it. I have a question, however, why for a Roth ira buy ETFs and not regular Index funds?
Thank you! Great question. I actually have a whole video on the differences between mutual funds, index funds, and ETFs: ua-cam.com/video/GSKaCMZOgu4/v-deo.html. ETFs can be (and usually are) structured as index funds. I like investing in index ETFs because there's usually no minimum and they trade like stocks (whereas mutual funds only trade at the end of the day). The differences are very, very small however, so either option is great!
Is there a way to automatically invest the contributions each month or do you have to go and manually allocate the money each time?
That is a great question that I didn't initially know the answer to, since I always make my investments manually. I did a bit of research and it looks like auto-investing is unfortunately only available to select Schwab mutual funds, not ETFs. If you do invest in an eligible mutual fund, you're able to set a fixed dollar amount that you want to invest each month. Go to the Research tab then select Mutual Funds at the top. You can search and filter on "Automatic Investment Plan" to identify the eligible mutual funds.
From what I read, most brokerages are similar. The only brokerages I could find that allow for broader auto-investing are Robinhood and M1 Finance. Hope this helps!
Hi Ernie! I made a video showing you how to set up automatic investing. I hope this helps! ua-cam.com/video/FoWmz8xxEvw/v-deo.html
YOU ARE SO HELPFUL!! I forgot to invest the money. Appreciate this so much!
I’m still lost when it comes to contributing to the account. Do I have to KEEP buying shares monthly or weekly or what have you for the money to grow? or do I purchase it once and then it does it’s own thing with the dividends ?
Thanks for making it easy to navigate the Schwab website!
This is the best and most educational video of Roth IRA I've seen so far. Thanks for sharing your knowledge.
Thank you for this video! It was so clear and easy because of this. :)
FINALLY! A video with the information I actually need!!! Thank you!
Aw thank you so much! I'm so glad you found it helpful!! :)
I think you for got to click "reinvest dividends" on your 40% order.
Great vid!
Good eye - I definitely did! I noticed that when I was editing the video. Luckily Schwab allows you to change your dividend reinvesting choice after the transaction goes through! Thanks for watching. :)
@@AlexQuinnYT You're awesome. Keep the content coming!
Thank you so much for this Alex. You have taken away the mystery of how to start investing with Schwab. I have been asking the question of how to do this to many Ph.D. types at the University I work at and it seems that no one knew. So thank you once again. I just subscribed to learn more.
Aw thank you - I really appreciate those kind words Joe. :) I'm glad you found this video helpful!
Great video, thank you so much!! I wish everyone was as straightforward and helpful as you!
Thank you so much - you're too kind! 😊
If you're currently trying to decide what investments to make in your Charles Schwab account, check out my other video that explains the differences between index funds, mutual funds, and ETFs, along with some tips on how to choose the right fit for you! ua-cam.com/video/GSKaCMZOgu4/v-deo.html
Hi Alex! Wow i'm such a fan already and I hope your subscribers blowup! I have a question, i'm self employed is there a different way I should open up a roth IRA? Should I use my business in anyway to add money to accounts or do it as personal income? I'm not sure if there are any tax advantages or not.
Hi is Charles schwab open to Asian investors
This was super helpful! but my OCD brain was like...oh no, you forgot to check the reinvest dividends on the 2nd order you made. haha! thanks for the help 2 years later
You invest $2000 is that monthly or it’s for the whole year I want to invest and I came across your video thank u this is so straightforward
Thanks a lot! This video was so easy to understand. Now I am just waiting for my transfer to go through so that I can make my contribution.
Thanks for watching!
New sub here! I really liked how you explained Roth IRA's :)
So helpful, loved this video. What comes next? As a novice, I'm wondering, what should I do next? I hope there's a follow up video!
Thanks everyone for the awesome feedback on this video! Please let me know what other topics you'd like for me to cover. 😊
Roth IRA is for USA residents only? How about opening a ISA by a UK residents?
Hi Alex! Can you perhaps do a video on the Schwab Intelligent Portfolios and on the terminology of what it means to do a Market Order, Limit, Stop, Stop Limit, Trailing Stop, and Sell Short in a Charles Schwab account?
It’s easy when an app has all that in one. Very informative video.
THANK YOU SO MUCH!! The only video I found that broke this down step-by-step. New subbie for sure
Do you think 60% SCHB 40% SCHF is a good starting point for a beginner Roth? Just opened one and maxed out for the year, debating between doing this split or similar or just throwing everything into SWYNX only thing is I don’t feel I need bond allocation right now, and the management fees of the target fund
Good question! I generally don't think target funds are worth the management fees because you can get virtually the same exposure by picking a couple ETFs. I ended up with 60% SCHB and 40% SCHF based on a modified "3-fund portfolio" approach, excluding the third fund (bonds) because I don't think bonds are necessary at my age. I like having exposure to both the US and international markets, and you can play around with the percentages as you prefer, which you can't do with that target fund. I definitely think this is a good beginner option, but because the differences are so subtle, you can't go wrong with either approach.
@@AlexQuinnYT awesome thanks so much! I saw somebody recommend somewhere to put maybe 5% into SCHE because SCHF only covers developed countries, is there a lot of benefit from this you think, or no?
@@brandonduncan827 Totally personal preference! A little diversification is never a bad idea, I just prefer to keep things simple which is why I only stick to SCHB and SCHF. Emerging markets have relatively high volatility so if you don't mind the extra risk, they can be a fine addition. 5% isn't going to make-or-break your portfolio either way.
SCHB at 80% and SCHF at 20%.
At 17:47 …Looks like you forgot to check the “reinvest dividends” box on the SCHF order…just fyi; great video btw way 👍
Thank for making this video! It was very helpful!!!! Feel comfortable opening an account now, answered all my initial questions!
Does Schwab provide a DRIP? So my dividends automatically reinvest into my Roth?
how is it you know how to figure out how much percentage your contributing in each investment? what’s thee formula?
Great video, thank you!
Great video thank you! I have a question, not sure if I missed it in the video - but is there a way to automate the buying of shares each month or do I have to do it manually?
Unfortunately not with ETFs. But if you choose to invest via mutual funds, you can set up auto-investing! I have a video here showing the process: ua-cam.com/video/FoWmz8xxEvw/v-deo.html
Wow!!!!! I am not kidding when I say that I've researched on this subject hours, days and weeks watching many different videos and like everyone else here says.... Your video has been THE BEST hands down for sure!!!!👌👏👏👌 Thank you sooo much for explaining the whole process so clear and easy to understand! 🙌Thank you Thank you Thank you!!!! Now I feel confident and 100% ready to begin this Roth IRA journey!! Bless your heart for sharing such great work with all of us!!,😃🫶 💕
Great video! Thank you so much ;)
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
This video was great. Thank you!!
Thank you for the information. One question Do I have to go in and purchase more shares each time I contribute money or is there a way to make auto purchases?
I want to know too!
super easy to follow along!
Thank you, I'm so glad you found it helpful! :)
Awesome video! It is very helpful to not only go over the concepts, but also the nuts and bolts of making the investments.
Great class!
So after watching the whole video im thinking whats the difference between this and robinhood? Is it just the tax aspect?
How’s your SCHB and SCHF doing? Also what calculator did you use to find out the 60/40 split?
thank you VERY MUCH !!!!
Thanks so much! Out of the many videos I have watched, this by far has helped me out the most! Definitely liked and subbed!
Loved the on-screen step by step instructions. Thank you!
Thank you so much! This was perfect! I appreciate all the info and the level of detail you put into explaining everything!
This video was SO extremely helpful thank you!
Awesome video! Great breakdown.
This was awesome - I appreciate that you go into detail and explain things well without talking down to the viewer.
Aw thank you - this video has had a lot of great feedback and I'm so glad people have found it helpful! Please let me know if there's any other topic you'd like for me to cover. :) I'm planning on making a video describing the differences between ETFs, index funds, and mutual funds soon.
@@AlexQuinnYT that's great - one topic that may seem easy at face value, but challenging for beginners: changing brokerages. I am in the process of changing from an actively manages IRA with one company and changing to Schwab. Maybe just changing ships in investing/accounts may be helpful down the road?
It's been a while. Great video, I actually didn't know that you could withdraw contributions from your roth IRA at anytime, I need to figure out how to do that, I'm interesting in the early retirement conversion ladder. Like-26
SO HELPFUL!! Thank you!
Awesome video! But you forgot to reinvest your dividends on the 2nd transaction!
I know!! I realized as I was editing the video, haha. Luckily you can turn it on after the transaction goes through.
@@AlexQuinnYT definitely subscribing to your page!
@@FIBHacker I appreciate that, thank you!
Thanks so much for this video! Now that you bought shares for that money you had in there, what happens next time you add more money to the Roth ira? Do you have to go back in and manually buy more shares? Or does it do it automatically? I see they have robo advisors..is this a smart option?
If I set up direct deposit, does that money automatically get invested into these stocks? Or do I need to go in every paycheck and assign investments.
You'll need to purchase new shares every time your direct deposit comes through into Schwab. There's no way to set it up automatically, unfortunately. If you choose to invest in mutual funds instead, Schwab does offer automatic investing with a limited selection of mutual funds: ua-cam.com/video/FoWmz8xxEvw/v-deo.html
I love this video, straight forward and to the point, you now have a new subscriber 🔥🔥🔥🔥
Very helpful and well explained. thank you.
Thank you so much, you truly make a difference in peoples lives, thank you thank you
Thank you 👍👍🙂
Can you do a video on how to trade stocks/ETFs in Extended Hours(Pre-market, and after Hours) with Charles Schwab?
very helpful! thank you for showing step by step =] be well
This was SUPER helpful! Thank you!
Thanks for creating this video you made it so simple to understand. ⭐️⭐️⭐️⭐️⭐️
Thank you!! :)
this video did help I followed along and got it done!
It is the same to have the Roth Ira or the Roth Contributory Ira..?? I see that you used the second one.