Part 1/6:
Investing in the S&P 500: My Daily £50 Commitment
In a recent video, an investor shared their ambitious plan to invest £50 every day for the next 100 days into the S&P 500. This long-term investment strategy is centered around a specific ETF and provides a unique perspective on consistent, incremental investing. Here’s how this journey is unfolding.
Setting up the Investment
To kick off this personal challenge, the investor established a "pie" on Trading 212, which is a feature that allows easy tracking and management of investments. The chosen ETF is the Invesco S&P 500 Accumulative ETF, denoted as SPX. This strategy of having a single investment in the pie simplifies tracking performance and provides the flexibility to make changes in the future, should they deem it necessary.