Uploaded September 2024 | Updated September 2026, 2 weeks ago
Investing in a roth ira is simple, and this video I'll teach you how to open an account and invest into one step by step.
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1. Pick a Broker
- A broker is the company that you are going to use to buy and hold your investments
- Brokers are usually backed up by insurance of about 500k
- Brokers can go broke and face issues, so you want to involve yourself with a big broker that has been doing business for a long time
Here are the Three I recommend:
- Fidelity
- Charles Schwab
- Vanguard ( I Use Vanguard ) – 9.3Trillion assets in control, 50m plus clients and a history of over 100 years I think
I like them for three reasons:
- Massive
- Low Fees
- Customer service
Open an Account:
- You can open a taxable account ( that’s a normal brokerage )
- Or you can open a retirement account, for like a Roth iRa
- I have a video coming soon on that by the way
2. Picking the Index Fund you want to invest into
- Now Some funds have investment minimum
- You should know that an index fund is just a type of mutual fund
Ways around investment minimum
- For example, if you want to invest in the S&P 500
- The minimum is $3,000
- But if you open it with a retirement account, you wave the minimum
Another way to avoid the minimum
- If to instead buy an ETF, these are exchange-traded funds and the minimum can be $1
- These can fluctuate a lot, because it's like any other investment on the market
- While index funds just give you a price per day
3. Some Knowledge for people that will take this seriously
- I only buy s&p 500 it's cheaper and more simple
- And I’m still diversified across 11 sectors
If you're going to invest:
- Max out free money at the company first
- Then max out the roth ira
- And then worry about investing in a brokerage account
* PRO TIP*
INFORMATION IS EVERYTHING
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Disclosure & Educational Disclaimer:
Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.
Investing in a roth ira is simple, and this video I'll teach you how to open an account and invest into one step by step.
💲Patreon Exclusive💲
patreon.com/tommybryson
😎Call Me😎: bit.ly/30IBr0i
😎Second Channel😎: bit.ly/3c4sVPS
👨🏽💻Financial Freedom Course👨🏽💻$100 OFF CODE: LONGTERM
Link: longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom
1. Pick a Broker
- A broker is the company that you are going to use to buy and hold your investments
- Brokers are usually backed up by insurance of about 500k
- Brokers can go broke and face issues, so you want to involve yourself with a big broker that has been doing business for a long time
Here are the Three I recommend:
- Fidelity
- Charles Schwab
- Vanguard ( I Use Vanguard ) – 9.3Trillion assets in control, 50m plus clients and a history of over 100 years I think
I like them for three reasons:
- Massive
- Low Fees
- Customer service
Open an Account:
- You can open a taxable account ( that’s a normal brokerage )
- Or you can open a retirement account, for like a Roth iRa
- I have a video coming soon on that by the way
2. Picking the Index Fund you want to invest into
- Now Some funds have investment minimum
- You should know that an index fund is just a type of mutual fund
Ways around investment minimum
- For example, if you want to invest in the S&P 500
- The minimum is $3,000
- But if you open it with a retirement account, you wave the minimum
Another way to avoid the minimum
- If to instead buy an ETF, these are exchange-traded funds and the minimum can be $1
- These can fluctuate a lot, because it's like any other investment on the market
- While index funds just give you a price per day
3. Some Knowledge for people that will take this seriously
- I only buy s&p 500 it's cheaper and more simple
- And I’m still diversified across 11 sectors
If you're going to invest:
- Max out free money at the company first
- Then max out the roth ira
- And then worry about investing in a brokerage account
* PRO TIP*
INFORMATION IS EVERYTHING
💲Patreon Exclusive💲
patreon.com/tommybryson
👕Merch👕
teespring.com/stores/tommybryson
✅2 FREE AUDIOBOOKS✅
amzn.to/2Enayo8¬¬¬
🎁ACORN FREE $5🎁
Link: acorns.com/invite/38EYSU
⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: amzn.to/2VGbxt9
👨🏽💻DISCORD PRIVATE GROUP👨🏽💻
discord.gg/EcZEHpA
My Camera Gear: amazon.com/shop/tommybryson
✔ Help Us Reach 600,000 Subscribers: goo.gl/0wvm6w
😎All My Social Media😎
Link: https://linktr.ee/tommybryson ---
Disclosure & Educational Disclaimer:
Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.
