3 Ways To Invest If You're Lazy

You don't need to be a finance nerd to know this...

Author

JC Rodriguez
July 05, 2024

Money culture and fitness culture are very similar. People just love to debate minutiae (minutiae = the small, trivial details), and end up doing NOTHING.

Fitness culture: 2 people are debating if a teaspoon of apple cider vinegar will result in weight loss. But both of them don’t even exercise an hour a day.

Money culture: 2 people are debating what is the “hottest stock” right now, but they don’t even have a Roth IRA open.

DEFINITION
What is info glut?

  • When too much information actually leads to analysis paralysis.

PRACTICAL ADVICE
3 Steps to Get Started With Investing (lazy people can do it too!)

  1. Log in to Fidelity.com and open a Roth IRA. Fill out the information, it takes 5 minutes 🥱.

  2. Set up auto transfers. Create an auto transfer in your account to send money from your checking account to your Roth IRA once a month (on the 1st). Since $7,000 is the max amount you can send in 2024; I would just send $583 a month ($7,000 divided by 12 months).

  3. Set up auto investments. Create a reoccurring investment in your account with the money you transferred. Select this index fund to buy once a month, FXAIX (it follows the S&P 500 so it’s very diverse and has less risk). Set it up to buy on the 1st of the month, the same day your money gets transferred into your account. Easy peasy.

HELPFUL RESOURCES
Need help choosing investments?

  • I suggested FXAIX, as a generally good investment. But of course it’s not the best for everyone.

  • I hop on weekly calls to answer your more specific questions so you can get more personalized help. I also want you to get around more like-minded people who are WINNING with money; so don’t forget to join the online community we launched this week, Money At Peace.

    Because it’s launch week, there’s a huge discount for new members. The price goes up to $37/month when this timer goes off; so get your discount NOW 👇

OUR COMMUNITY
What are your questions? Or share a win!

  • Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)