Index Fund Investing Millionaire (For Beginners) - Vanguard Index Funds

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Have you heard of index fund investing before? It's one of the best ways to get started with investing for beginners and everyone else putting money into the stock market.
One of the best companies offering index funds is Vanguard. They lead the industry in the lowest-cost investment options and continue to get cheaper as time goes on.
In this video, I break down everything you need to know about index fund investing for beginners and even experienced investors.
Index funds are the simplest way to invest your money. All of the stocks held within them are based on a specific index so the decisions of what to invest your money into are already taken care of for you.
Index funds are fairly safe. Investing in individual stocks by themselves is very risky since you're putting all of your eggs in one basket. But if you invest in an index fund then you're putting your money into a large group of stocks that are pre-determined based on a particular index and goal. This gives you a chance to spread your risk among hundreds or even thousands of different companies.
Based on history and many financial studies, index funds turn out to be more profitable than actively managed funds. Over a longer period of time, we've found that it's very difficult for a fund manager (handling a mutual fund) to successfully pick investments that will beat a standard S&P 500 index.
Watch the rest of the video to find out additional advantages of investing in index funds.
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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.
#indexfunds #vanguard #investing

[@JarradMorrow]

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[@OMOREDE13]

How do you feel about the three fund index portfolio. Consisting of the total stock market, international stock market, and U.S. bonds?

[@uneak_1872]

I don’t ever ‘like’ videos but you earned one from me for being so easy to understand. Thank you.

[@pound4poundbeast]

Just found this video, but i will say, one of the best/enlightning video about investing. New subscriber here

[@JarradMorrow]

Awesome, thank you!

[@michaelalucas5178]

I also really enjoy your videos and I hope you get more subscribers soon! You deserve a channel that is at 1 million followers!

[@JarradMorrow]

Thanks!

[@bluebutterfly5684]

Thank you! New subscriber! 🙌🏾

[@JarradMorrow]

Awesome! Thank you!

[@brianw9944]

Man, why are you not at 100K+ yet??? 🤓 I enjoy your videos! -Brian

[@JarradMorrow]

Haha good question!

[@annjean4369]

Outstanding video! Thank you for sharing.

[@JarradMorrow]

Absolutely. Thanks for the feedback!

[@Connor-tv5gu]

I just learned that my investments i’ve been given are in a mutual fund that has done horribly. I’m going to transfer my funds thanks to this video.

[@JarradMorrow]

Ouch! There’s a lot of people who’ve been there so don’t beat yourself up. Now you know what to do! 👍🏻

[@BrandonGRawlins]

The horse explanation was brilliant

[@JarradMorrow]

I was trying to figure out a way to explain it in super simple terms. Glad you like it!

[@jononfirebudgetinginvestin3897]

With all the craziness lately, I think index fund investing is the way to go for both the short term and long term! I just switched my portfolio this month so that the majority is VOO and VTI :)

[@JarradMorrow]

I agree. I also like the VOO and VTI choice. Can't go wrong with either of those two.

[@Marquie22]

Don’t understand why did you do both they are the same VTI is much cheaper and does better

[@DavidGeorgiaPersonalFinance]

Bruh! You literally talked about my exact portfolio! VTI, BND, VNQ, VXUS.

[@JarradMorrow]

Haha yess!

[@orangeblock3792]

Suuuuuuurrre...

[@JarradMorrow]

👍🏻

[@elka-bs8590]

@@JarradMorrow 👍🏽

[@egaherlim9900]

Hey Jarrad, Thanks for another great video! I've been watching you for some time now (through another KZbin Account) and you're tenacity and consistency honestly inspired me to walk in a similar path here on KZbin. So I decided to create this personal channel where I'm going to try and discuss issues regarding education & personal finance for the young generations. Although most of the information (ETF, Index Fund, Passive Investing) I garner myself came from people like you, Nate O'brien, & Graham Stephan, I hope to grow this channel and have a similar voice power to the general public. So I just wanna say thank you so much for putting these useful information out there at a regular basis. I hope you read this so you can see that what you're doing is affecting younger adults like myself. Cheers!

[@JarradMorrow]

Thanks!

[@LuisluigiTexas]

Damnnnnn this guy is amazing. Great horse analogy

[@JarradMorrow]

Glad it made sense to someone other than me 😆

[@kormrright]

You are so talented to explain the strengths of Index ETFs. Very helpful advice to everyone.

[@JarradMorrow]

Glad it was helpful! I also made a video going through the downsides of index fund investing as well: kzbin.info/www/bejne/fZiuY2OFhpeDerM . I think it's important to understand opposing views whenever possible.

[@kormrright]

@@JarradMorrow I' ve already watched it too. Although there are a few weaknesses in index ETFs, do the advantages outweighs the disadvantages of index goods? I' d like to suggest if there were written summaries at the end of each contents, it would be useful for non-native speakers. Honestly, I can understand about 80% of your informations, because I've never lived in English spoken countries. Pls take it into consideration.

[@HoneybeeAdventures]

0.55 thanks for clarifying

[@JarradMorrow]

No problem!

[@kayleelockheart8208]

I propose the "plate Earth theory" that is both flat and round. Solved it!

[@griso107]

Excellent video 💪

[@JarradMorrow]

Thanks!

[@frankgood9448]

Great video! Why do use a platform instead of just going directly to Vanguard? Do you have any videos on this? Thanks and keep up the good work!

[@2_Centscontent]

I’m new to this investing, I’m a truck driver and I want to have my money work for me while I’m working for money lol but your videos are very good ! I’ll be staying updated on these !

[@JarradMorrow]

I appreciate that!

[@brandongreen3306]

Index funds you should invest in but read John Bogle books and research.

[@JarradMorrow]

With a poor attitude like that you are correct you’re never going to be rich. By the way- Most millionaires are first generation.

[@2_Centscontent]

@Jarrad Morrow, with a mindset like that they are basically keeping themselves in the same position, gotta have some type of ambition and open mind about life because hey you only have one so why not try to live the BEST life! Keep doing the videos !

[@JarradMorrow]

Great point!

[@52msdiane]

You are brilliant Jarrad! I took my money out of market end of last year so now just in cash. I was waiting till this CoVid thing blew over. Ive had a prudential manager finance guy guide me for years and I always wondered how much money he makes off me it seems so covert. Wow, you painted a whole new picture! If I continue to invest with/through him can I mitigate his profit off of me by going VTI index? Is that OK? Appreciate your wise tips!!! Thanks in advance!!!

[@JarradMorrow]

Your financial advisor should never be secretive with you. If they are then that should worry the crap out of you. Don't be afraid to fire him/her and move onto a new one.

[@ferchanguitoable]

Great video Jarrad! I am glad i found your channel and subscribed. I love index funds, up until 2019 i was over diversified in my 401k and can you believe i only made 800-900 usd in 5 years??? During a bull market. Thats when i decided to only invest in S&p500 100% of my 401k. I am up 24k in gains since 01/01/2019. I personally can take risk since i have a long horizon and some people have told me not to put all my eggs in one basket, but i see the S&p 500 as a well diversified fund.... i feel that if the S&P500 were to crash to $0... then pretty much everyone would be screw as well. Also i applied this to my personal roth, where i invest 100% in a large growth index fund. I know it has some overlap with S&p500, but the way that i see it is that i get a large exposure to large growth with both index and some exposure to value stock with the S&p 500.

[@JarradMorrow]

I like the way you're thinking!

[@eddierodriguez3386]

Great videos mann! I recently started getting into index funds and honestly am really excited to get started. I have about $8k to mess around with now. Any suggestions on how much to put down on each index fund? I want to choose at least three or four. $1k for each? maybe more?

[@JarradMorrow]

Good stuff! I can't tell you what to invest in, but if you're curious as to what I invest in then you can check out the video I made on it here: kzbin.info/www/bejne/noGldqmMaamAqbc . I would recommend to max out your IRA before touching a taxable investment account.

[@karenmork]

I'm in the same boat. About $8K. I'm thinking it'll be good to start with $1000 for 3 and then add more the next month after getting my feet wet.

[@bigred8025]

GOOD AFTERNOON HAVE A BLESSED YOU TUESDAY 😇😇😇

[@JarradMorrow]

Thanks, you too!

[@MichaelLee-yl9lv]

When the market was down in March, I bought VOO gradually and the market bounced back. Although I caught some dips on the S&P500, I felt that I missed out on those tech stocks that bounced a lot higher such as AAPL, AMZN, TSLA...

[@JarradMorrow]

If you're investing for the long term then what happened over the past 8 months isn't as important.

[@MichaelLee-yl9lv]

@@JarradMorrow Thank you for your response! I will definitely hold it long term. Hopefully I made the right choice.

[@japolo6388]

Very insightful Jarrad! Thank you! Question for you - I’m learning from members of the FIRE movement, if you retire early (before 62) and begin pulling money from your ETFs then how much would you pay on taxes each time? I’m married and am in the 12% taxable bracket. Thank you!

[@JarradMorrow]

I can't really tell you an exact number because I don't know what your tax bracket will be at that point in time. It would be impossible for me to give you an accurate answer. The tax bracket you're in today might not be the same one you're in when you start pulling money from the account. It's all going to depend on how much you plan to live off of at that time and what the brackets look like at that time as well. If you're going through the planning process then just assume the brackets won't change from today (even though they most likely will) to get an idea. Then as you move closer to the date you plan on retiring early you can adjust to something closer to what they are at that point in time. Think of it like a moving target, but at least you're going to be headed in the right direction.

[@japolo6388]

@@JarradMorrow makes sense, thank you for the quick response. Wish you the best in your journey!

[@JarradMorrow]

Thanks. I'm here if you have more questions.

[@QuesttoFIRE]

Vanguard 👏🏻👍🏻🔥🔥🔥

[@JarradMorrow]

My favorite!

[@WalletInvestUSA]

Love VTI, I have 265 shares :D

[@JarradMorrow]

Heck yea! Which brokerage do you prefer?

[@WalletInvestUSA]

I only use Vanguard!

[@JarradMorrow]

I wish they’d update their site a little bit.

[@crushhurts]

Hello, I am so new to this but you really explained it well. So I downloaded Webull account and I m planing on depositing about $1000 just to get started. Then I will invest in VTI, BND, VNQ, and VXUS. I plan to just leave it and let it grow. Is that a smart thing to do or should I just start small? Also, how would I lose money?

[@JarradMorrow]

No, I think that's great. Leaving it alone to let it grow (and continuing to invest money into it) is the way to go. I'd start with investing in your Roth IRA before a taxable investment account. Keep in mind though that VTI already holds Real Estate in it so you could technically just invest in VTI, VXUS, and BND.

[@JaidaHenley]

Say I put down my minimum investment right? The next month comes around and now I’m ready to put in my monthly contribution. Do I have to put down a minimum investment each and every time? For example if the Vanguard S&P 500 requires a $3,000 minimum investment and I want to contribute monthly. Is it $3,000 monthly or can I invest less after I put down that initial minimal investment?

[@JarradMorrow]

Good question. No you don't. If you're investing in VFIAX which has a minimum investment of $3k then once you reach that threshold you can invest any amount you want. But there's an ETF version of VFIAX which is VOO that doesn't have an initial minimum investment of $3k. VOO holds the exact same stocks as VFIAX, but it can be traded while the market is open. VFIAX is only traded at the end of every day the market is open. If you're going to invest in the ETF then I'd recommend using an investing platform like M1 Finance so you're able to purchase fractional shares. Let me know if you have any more questions.

[@aaronschill8988]

First 💪🏼

[@JarradMorrow]

Haha congrats!

[@rshappy123]

Is today with the market down a good time to contribute to my vanguard vbiax index fund?

[@JarradMorrow]

That's all dependent on what you want to do. What's your definition of a "down market"?

[@adrian3747_]

I wanna start doing these kind of investments but these terminologies & process are so complicated.....

[@JarradMorrow]

I can do my best to help. Which parts don't you understand?

[@luxuryqueen42]

How about QQQ, ARK Invest (ARKK) and SPY? Do u also invest in there or just Vanguard?

[@JarradMorrow]

I don't see anything wrong with those if that's how you want to diversify. I pretty much just stick to Vanguard ETFs right now.

[@almondmanny6882]

I don't understand trading. I have been working as sales rep for 5 years and just got laid off 3 days ago. I enjoy jobbing and I also realize that the right investments are more essential. I've got about $36k from my savings to invest in the financial market, but I'm still a beginner. I would appreciate any tips or pointers, thanks!

[@JarradMorrow]

1. Focus first on investing for the long term. The stock market isn't a casino so don't buy and sell stocks like it is one. 2. Max out your retirement accounts before taxable accounts. I made a video breaking down the order of investing here: kzbin.info/www/bejne/nXbQpatufZJ2oNE 3. The majority of your money should be invested in index funds. 4. If you want to get an idea of how I'm investing in my IRA accounts then check out this video here where I show you: kzbin.info/www/bejne/noGldqmMaamAqbc . It might help you think through investing for yourself.

[@alyssachan5519]

I am just starting my investing journey with a couple thousand dollars, and wanted to do the 3 fund portfolio with index funds: 70% US , 20% international, 10% bonds. Is this an effective first step?

[@JarradMorrow]

That's a nice safe allocation that I wouldn't argue with.

[@abseconPC]

I noticed Vanguard 500 has a good rate of return $400 a month over 30 years could very well make you a millionaire I can't afford $400 a month right now but I'm buying fractional shares at $25 a month which is better than nothing I also put $20 a month in Berkshire Hathaway class A shares

[@terriwilliams2759]

Can you pick all tech stock?

[@JarradMorrow]

Good question. Vanguard has a tech index fund which is VGT. The expense ratio is 0.10% which is very low.

[@outdoorsywannabe1888]

I have watched countless videos on youtube., but no one mentioned how to get started 🤧 How do I know that I am buying the index funds and not mutual-index funds? What to look for before buying? When I buy index funds does it expire? Does it have to be renewed?

[@JarradMorrow]

It should say that it's an index fund somewhere. VTI and VOO are good examples of an index fund ETF.

[@NUFC975]

I'm currently 17 and getting my first job with the Army in may il be putting 700 away each month leaving my self with 800 at first should I invest in the vanguard life strategy fund 100 and s&p 500 or will it be better to stick with one

[@JarradMorrow]

I'm not very familiar with the vanguard life strategy fund 100. I'd personally chose to put it all in a Vanguard S&P 500 fund.

[@lavellepearson184]

So how do you get a return from this hold set

[@JarradMorrow]

The return comes from the increase in value from the index funds over time.

[@hello-vs4me]

Everyone stay safe

[@JarradMorrow]

You too

[@daniellopes2782]

How old do you have to be to start investing in index funds?

[@JarradMorrow]

You have to be 18 to invest unless you have a parent open a custodial account for you.

[@anfone701]

Hi John. I’m about to start an index fund with Vanguard myself. Got 25k ready to invest in an index fund. Would it be ok to put the whole 25K into the S&P500 (VFIAX) then in the next month or so, start contributing to the other index funds? Thanks!

[@anfone701]

Still new to this so any advice on spreading that 25k appreciated. Just subscribe as well. Thanks!

[@JarradMorrow]

I personally like VFIAX and don't see any issues with that. Whether or not you put it all into that one fund is up to you. If you're closer to retirement then you might want to have some bonds in there as well. Keep in mind that instead of investing it all at once you can always dollar cost average that $25k into the market. It's all going to be based on what works for you. I did just release a video where I break down my portfolio if that helps you think through the process: kzbin.info/www/bejne/noGldqmMaamAqbc

[@alrocky]

@@anfone701 Have you contributed to your employer's 401(k) and an IRA?

[@anfone701]

Jarrad Morrow do u think this will be fine? My budget is 40K now. I’ll be 41 years old in September. This was my breakdown of spreading it...or do u think I should spread the prices differently? I was thinking this...But if u think otherwise, id love to hear what u recommend. I don’t need the $ until 25 years (that’s if I’m still alive lol). With the quarterly dividends, will follow the buy more shares approach, etc until 65 years old. Thanks for your time! $30k on sp500 $3k on VMGMX mid cap growth index $3K on VGSLX real estate index $4k on VBTLX Total bond

[@alrocky]

@@anfone701 You generally want to contribute to your tax advantaged accounts [401(k) and IRA] before starting a taxable account. So assuming your 401(k) has good investment options and low fees (including low expense ratios) you should max out your 401(k) @ $19,500 and your IRA @ $6,000 each year if salary and budget allows. 75% --- Vanguard 500 Index Fund Admiral Shares (VFIAX) 7.5% --- Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) 7.5% --- Vanguard Real Estate Index Fund Admiral Shares (VGSLX) 10% --- Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) . You investment portfolio should be viewed as a whole [401(k) + IRA] so it's tough to suggest without knowing your investments in your 401(k) & IRA but what you list is satisfactory. Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is generally preferred over S&P 500 + Mid Cap but you are hedging a Mid Cap Growth bias which can be okay. You do *not* want REITs VGSLX in a *taxable* account.

[@AnonymousAlcoholic772]

Can you think of a time in the past 40 years when US companies as a whole we’re doing badly but international companies that were investable as a whole we’re doing good? I’m confused as to why you would want international exposure given past track records.

[@AKATTP]

I started a Roth IRA with American Funds via my credit union last year but am looking to transfer to Vanguard to avoid American's comission fee's. Any down side or penalty to transferring? Their performance doesnt seem to justify the cost

[@JarradMorrow]

Smart move. There aren't any downsides or penalties when transferring from one brokerage to the other. Try to avoid having American Funds send you a check to deposit with Vanguard. See if they can send it directly to Vanguard. When you open a Vanguard account you should be able to input all of your American Funds info then Vanguard will handle the transfer for you.

[@AKATTP]

@@JarradMorrow That makes sense. Thank you for taking the time to reply. You got a subscriber here. Enjoying the content.

[@thehumbleoutliers-investin1454]

I'm not crazy about index funds lately. I think there is currently a lot of qualities stock to buy with better returns.

[@JarradMorrow]

Thanks for sharing your opinion!

[@LamboLapdog]

👊👊

[@JarradMorrow]

Thanks!

[@michaelalucas5178]

I have a Roth IRA open at Vanguard and to maximize the 6000 per year which was my goal for the first time ever this year, I have set up direct contributions of $115 per week out of my checking account. Because they are automatic, I was told I was uh unable to buy ETF funds. Do you know why this is? How would I buy these ETF funds or should I just invest in the regular fund equivalents?

[@JarradMorrow]

That's awesome and super exciting! I'm proud of you! If you just invest in the regular fund equivalents (Vanguard calls them "Admiral Shares") then you'd be investing in the exact same thing as the ETF version. I'm surprised you're not able to invest in the ETF though. I didn't have any issues with this when I was using the Vanguard platform to purchase their ETF's. Either way, don't let that hold you up with getting your money into the Admiral Shares at least.

[@alrocky]

@ *ML* If buying directly from Vanguard you can only buy Vanguard ETFs by the whole share not factions of a share. Are you contributing to your 2019 or 2020 Roth IRA?

[@hello-vs4me]

Is the extra 600 on unemployment is it taxable

[@JarradMorrow]

Unemployment is usually considered income so I believe it's taxed.

[@theosubuckeyes09]

Is it pointless to buy more than one share in an index fund? I was thinking 1 to 5 but just wanted to ask

[@JarradMorrow]

Not at all. I own thousands of shares of index funds and plan on owning thousands of more throughout my investing lifetime.

[@theosubuckeyes09]

@@JarradMorrow OK great, thanks for the quick reply! I just started with a pretty simple but broad portfolio of index funds so want to learn more!

[@JarradMorrow]

That's a great way to start. You can invest more as you feel comfortable and understand it a little more.

[@carloscaro860]

Investments go up by 14% after video drops

[@JarradMorrow]

Haha I don't have that much power over the market.

[@sid35gb]

So how to make a million invest into a fund that returns 9.9% deposit in 300 a month and in 35 years $1,003,920.92 will be in the pot. Simples maybe S&P 500🤔

[@JarradMorrow]

Sounds good

[@patol7525]

Hi Jarrad, I opened up and funded a brokerage account with Ameritrade and now that I logged in, it seems to me like I’m reading a totally different language, how can everyone say that investing is so easy? I have no idea how or what to choose 😕

[@JarradMorrow]

The layout of each brokerage is going to be different. Which type of account did you open (taxable account, IRA, etc)? And what types of investments are you looking for?

[@patol7525]

Well that is the thing, I have not selected anything, just opened up an “investment account” with a few hundreds. I have some CDs and high yield savings accounts and don’t have to worry about those, so I guess I wanted something I don’t have to continuously monitor kinda.

[@JarradMorrow]

I would suggest starting with investing in an IRA account. Index funds are an easy way to passively invest. Did you see the video I put out where I show you my IRA account. If not then you can watch it here: kzbin.info/www/bejne/noGldqmMaamAqbc

[@patol7525]

Jarrad Morrow Thank you!

[@OMOREDE13]

He keeps referring to Vanguard ETF’S as index funds. This is very misleading. Vanguard offers the etf equivalent to an index fund; such as VTI being the ETF equivalent of VTSAX, but they are two different things. This is driving me insane, please clarify to the viewers.

[@JarradMorrow]

VTI is the ETF version of an index fund. You can split hairs however you want, but at the end of the day VTI is technically an index fund. There's no reason for me to confuse the average investor and waste their time by trying to break this down.

[@brijeshkukreja7411]

I would marry Fidelity not Vanguard since their index funds beat Vanguard handily. And they have 4 index mutual Funds that have ZERO expense. Check it out Jared... you might want to leave Vanguard for Fidelity!

[@JarradMorrow]

I’m fully aware, but I prefer Vanguard. Glad you found the ones that are right for you 👍🏻

[@patriciapicougreen5970]

@@JarradMorrow Hi Jarred, why do you prefer Vanguard over Fidelity? Thx!

[@michelle4468]

6:49 kind of confusing--basically you're saying that 99% of people should invest in at least some index funds--not that people should invest 99% of their money in index funds?

[@JarradMorrow]

Yes, that's correct.

[@musaali6367]

What if I have $245k. How much can I make from that much?

[@JarradMorrow]

It all depends what you invest in. I personally assume about an annual 7% return over a 20+ year time frame. That's just my opinion though.

[@musaali6367]

@@JarradMorrow I should invest the 245k gradually instead of all at once right?

[@JarradMorrow]

That’s completely up to you. Studies that have been done in the past say it’s better to put it all in at once, but some people prefer to dollar cost average it into the market.

[@lilipoole8696]

This is so complex trying to understand index funds

[@JarradMorrow]

It can be confusing at first, but once you get a basic understanding it's pretty easy to understand. Feel free to ask an questions and I'll be more than happy to help you out.

[@lilipoole8696]

@@JarradMorrow one question I do have is a lot of people say that when a company’s price goes down if you’re in their index fund it doesn’t affect or make you loose money but why? It doesn’t really make sense to me hope I worded my question right .

[@lilipoole8696]

@@JarradMorrow also how do I own thousands of shares with only buying one in an index fund? I’m not really catching that.

[@hello-vs4me]

The 600 extra for unemployment is it taxable everyone stay safe

[@JarradMorrow]

Most likely

[@billyw2816]

Yep

[@ivadaquino2244]

I have binge-watched a lot of stock videos trying to figure out new techniques on how to make as much profit as the investor I came across, on an investment article, who made a profit of $350,000 in 4months, I'm a beginner and any ideas on how i can achieve this financial milestone for myself will be appreciated.

[@JarradMorrow]

If someone made that much in 4 months then they're either lying, started with a large initial investment amount, or invested in something highly speculative. I don't have any advice for someone who is trying to get rich quick other than that's the wrong way to approach investing.