$5/week Investment Challenge

I've chosen to invest in VOO because of its stability and broad market exposure. VOO is an exchange-traded fund (ETF) that tracks the performance of the S&P 500, which represents the top 500 companies in the U.S. This provides a well-diversified portfolio, reducing the risk of relying too heavily on any single industry or company.

For instance, if you were to invest solely in a railroad stock, and the railroad industry faced a major downturn over the next few years, you’d be at significant risk, with all your investments tied to that one sector. VOO, however, mitigates that risk by offering exposure to a wide range of industries, making it a safer bet.

Over the next month, I’ll document my journey to show how, for the price of just one cup of coffee per week, you can start building an investment portfolio. This challenge will prove that investing doesn’t require a large sum of money to get started—it just takes consistency and a smart strategy.

Feel free to leave a comment with any thoughts, feelings, or opinions!