If you had started $5 a day in January of 2017, you would now have $227,647 which is nearly a quarter of a million. Your total contributions over those years would have been just shy of $15k.
You need to mention the concept of using tax advantaged accounts BEFORE opening a taxable account or crypto. If you do this with a Roth IRA, you never pay taxes on the gains.
I’m 18 and just opened up my Webull account and started doing the same thing with VOO. Currently got $30 in. Can’t wait to be 3 years in and at this point. At some point when you want to sell how would taxes work? Would you stop buying $5 a day for a year to then have long term capital gains tax advantage? Or would you just sell?
Can you go over the simulation. I’d like to figure out a realistic scenario for a 5 year plan but it now gives percentiles on the site you mentioned 3 years ago. So what percentile is the most realistic?
If you’re only going to invest $5 a day, I’d much rather invest into the cryptos that are under $1 such as SHIB or Doge. You’ll always get the upside benefit and if the coins ever reach $1 long term years from now, you’ll be accumulating a ton of the coins that could potentially be life changing eventually down the road. Every day you’re buying several of the coins for years but just imagine if the coins ever reach $1 or $10 or $100. That’s going to be insane. Compared to buying a coin like Bitcoin or ethereum that’s already tens of thousands of dollars. You’ll still experience growth with Bitcoin and ethereum but the long term potential won’t be as huge as something like SHIB or Doge investing the same $5 a day. $5 a day is going to take you significantly further with something like SHIB than it would something like Bitcoin or ethereum.
What are your thoughts on cryptocurrencies? The markets are hot at this time and will probably crash as always. Do you believe crypto is truly the future currency or is this just a fad during our lifetime?
If you had started $5 a day in January of 2017, you would now have $227,647 which is nearly a quarter of a million. Your total contributions over those years would have been just shy of $15k.
insane
Keep in mind; That’s assuming Ethereum would stay at $477 from 2017 to today or until it hit
I think this is the only creator that only show hi crypto portfolio update, thanks
The simpler way to identify your cost is to Multiply 2.60 shares (coins) of eth. * your average cost $1995
Most people who bought eth. at $477 would have been excited to sell it when it hit $1500
Just hit 12 months in VOO and ETH!!! Good stuff man!!!
Excellent job !
How much are up
@@Martin-if7ev 14.85% on VOO
I bought ETH in 2017 and sold immediately…I’d be up 21k. Ah well. Being broke seems to be working out for me.
Diamond hands
Yikes
not to the moon =(
I’ve been doing this as well!! Bitcoin ,and xrp $5 everyday
Xrp is where it’s at🎉
Why XRP?
They're blowing up now.
I love your videos about Eth! And investing 5$ a day . I have 1.1 Eth in my portfolio
You need to mention the concept of using tax advantaged accounts BEFORE opening a taxable account or crypto. If you do this with a Roth IRA, you never pay taxes on the gains.
Great consistency. Keep it up!
I’m 18 and just opened up my Webull account and started doing the same thing with VOO. Currently got $30 in. Can’t wait to be 3 years in and at this point. At some point when you want to sell how would taxes work? Would you stop buying $5 a day for a year to then have long term capital gains tax advantage? Or would you just sell?
Look into opening a Roth IRA. If you are patient, when you are in your 60's, you will NEVER pay any taxes on the gains.
Thanks Bob for the update!
Are you planning to transfer your ethereum onto a ledger?
So what about fee every day you have to pay?
Why would that matter lol
@@kamikami1526 thats a waste of money
Can you go over the simulation. I’d like to figure out a realistic scenario for a 5 year plan but it now gives percentiles on the site you mentioned 3 years ago. So what percentile is the most realistic?
Hey there Mr. Sharpe, are you game to compete with our portfolios in 2025?
good stuff
Can you do a video on REIT's, what they are and some good ones. Also, when should you stop your DRIP and actually cash out earnings?
Been doing $5 a day into QDTE. Not bad so far.
Might have to do this strategy with solana and nvidia 🤔
what about the gas fees you have to pay every day
Buy eth every day for 5$ and stake it all you earn interest and then compound interest. Eth seems pretty stable
Bob is daily dollar cost averaging giving you a better average price in VOO than say investing 5X30=150 per month? Appreciate the content!
Is it still late to this 5$ challenge ?
Surely not.
Get str8 to it
Been weekly Eth for 4 years. Now I'm on BTC and growing that leg. Then in a few years🎉
Hey why not invest $5 a day in both BTC & ETH?
True, could certainly do that!
Because that would be $10 day lol jk
New idea buy $5 of random meme coins everday. A new one each day and hold them and see if they become worth anything!
Wise man👌🏻
That’s about 5-6k invested into Eth over the course of 3 years
That's actually a good idea😂 I'm waiting for it to dip
Im buying doge from 2021 and now my doge value is 78k and investment was 18k
Start $5 dollars a day in MSTR LOL 😅
Im doing the same with HBAR.
Dollar not big thing for you but not for indias
20$ a day of
Dogecoin for 3 years now millonaire🎉👍🏻
So you made a mill?
Im waiting for kaspa ive heard good things
ETH has halved in value against bitcoin since Jan 2022 😁
If you’re only going to invest $5 a day, I’d much rather invest into the cryptos that are under $1 such as SHIB or Doge. You’ll always get the upside benefit and if the coins ever reach $1 long term years from now, you’ll be accumulating a ton of the coins that could potentially be life changing eventually down the road. Every day you’re buying several of the coins for years but just imagine if the coins ever reach $1 or $10 or $100. That’s going to be insane. Compared to buying a coin like Bitcoin or ethereum that’s already tens of thousands of dollars. You’ll still experience growth with Bitcoin and ethereum but the long term potential won’t be as huge as something like SHIB or Doge investing the same $5 a day. $5 a day is going to take you significantly further with something like SHIB than it would something like Bitcoin or ethereum.
Risk
Bitcoin is a safe high upside bet.
Memes have a high chance of going to zero ( priced against Bitcoin , not dollars )
I would like to see you buy scratch off everyday just to prove a point lmaooo 🤣
I'd like to see that too.
$5 day in $YMAG
You will
Be much better off dca on Bitcoin
Only Bitcoin
What are your thoughts on cryptocurrencies? The markets are hot at this time and will probably crash as always. Do you believe crypto is truly the future currency or is this just a fad during our lifetime?
What if you sell all your ETH leave in in Robinhood to earn interest while reinvesting 5 dollars a day back into ETH. 🤔
Because the gains are made in ETH, not out. You will miss the good gains ahead that you havent received yet.
Think about Indians bro
5204 isn't divisible by 5
Hey. Can you please make a video for Halal Shariah Compliant investing for muslims?
You can type the coin name on Google then type if it's halal or not🩷
Can someone tell me where their favorite crypto sites to purchase that u tryst and wallets it would be greatly appreciated 👍
Hey Bob, we'd love to be a sponsor for your channel. I've just sent you an email with more details. Looking forward to hearing from you!