I have a nice wealthfront HYSA at 4%. I did some math and it appears that if every paycheck I bought a share of VOO it would do MUCH better than my high yield savings account. So, my thought is that every paycheck I'd buy one share of VOO.
1. Is this a bad idea? I know markets go down and up and sometimes 4% > -2% when the market goes down for a month. But, it feels like it'll go up over time
2. Should I create a new account for this? I was planning on putting it into my 'normal' invididual investing account at Schwab. I suppose I'm thinking tax purposes, etc? Or, if I saw some other investment I felt I had to do I could easily sell the VOO I have and pivot.
I'm a little new to this, is this a bad idea?