I think the market is about to be all-time rough and not just Pokemon. It's just very, very bad math. The government gave away WAY too much money in 2020-2022 and now it's recession and fiscal hangover time. It's really going to be much worse than 2008 seeing as how skewed the housing and used vehicle markets are relative to median income. Pokemon and the collectible market are unfortunately going to crash even harder just because it's much quicker and easier to unload Pokemon cards than a house or a vehicle. It'll rebound, but not before the largest crash of all time and a 5-7 year bottom where everything's close to worthless. Your message is still a good one. It doesn't mean panic sell, it just means the things we thought would be 200% returns on investments in 2-3 years will likely still be losses, unless you can hold for 15+ years.
15+ year easy hold here . I wouldn't count on a crash so bad as you're projecting but it is a possibility that I'm planned for . Not many can weather a storm like that and those who are built to usually come out the other side further ahead
FYI - 7-9% is pretty aggressive for a projection. It’s possible you hit that end being 100% equity , if you’re running it 50 years there is a period pre or post retirement where you start an income draw and increasing weight fixed income will decrease the return. Don’t disagree with the click bait… it’s never wrong - buy high, sell low :)
I always share the numbers I project with because some think they're too high and some too low but yeah everyone will project using their own. Didn't get deep into portfolio makeup or anything here either
Hey Dan! Great info as always. Is 6 y/o the youngest a child can be to have an open Roth or similar and fund it? I'm considering doing this since I currently have a business and my child is 2 y/o.
My accountant told me they have a client who modeled baby clothes in a magazine so they had their 1 to 2 year old on a Roth ira. It needs to be legitimately earned income from activity in the business is the rub
9:57 Did you just quote me a Daniel Tiger statement.... WHAT IS HAPPENING!?! I know I got sick for a few days and have been out of pocket... I have to find out what happened while I was gone.
Tough to open a roth IRA for a 6 year old. Yes you could say you they earned "income" from your business, but I'd talk to a tax expert because it's a gray area. I agree with you though the point holds true even if you open a regular brokerage
@papasmurf4040 oh yeah for sure. It has to be earned income but im sure there are creative ways if you have an aggressive cpa guidng you. Get that lemonade stand rolling 🤣
Prioritize that IRA! Too many people want to show off the latest PSA 10 while they drink that $7 refresher that's too watery and disappointing despite being two ingredients... Give it up! XD Same can be said for chasing the views. People cant enjoy anything nowadays without trying to blow it up for the money.
Pokemon flipper, financial advisor, and now therapist. Truly TH-cam's swiss army knife.
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Multi pillar status
Shouts out to Daniel Tiger thanks Dan I’m off the ledge now 🙏🏼
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The last time I told someone to call down my wife slapped me. Be careful out there fellas 😂
Solid message Dan
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I kept calm and spent my life savings on a poncho pikachu ❤
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Me calm down? YOU calm down
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We don’t always have to talk Pokémon. I love these talks.
Goated Daniel Tiger reference. Dan sympathizes with us parents out there 😂
Investments are like the old-school ad for Ronco Roaster. Set it and forget it! Always be buying!
Holy cow 🐮 the video I never knew I needed, thanks man !
I think the market is about to be all-time rough and not just Pokemon. It's just very, very bad math. The government gave away WAY too much money in 2020-2022 and now it's recession and fiscal hangover time. It's really going to be much worse than 2008 seeing as how skewed the housing and used vehicle markets are relative to median income. Pokemon and the collectible market are unfortunately going to crash even harder just because it's much quicker and easier to unload Pokemon cards than a house or a vehicle. It'll rebound, but not before the largest crash of all time and a 5-7 year bottom where everything's close to worthless. Your message is still a good one. It doesn't mean panic sell, it just means the things we thought would be 200% returns on investments in 2-3 years will likely still be losses, unless you can hold for 15+ years.
15+ year easy hold here . I wouldn't count on a crash so bad as you're projecting but it is a possibility that I'm planned for . Not many can weather a storm like that and those who are built to usually come out the other side further ahead
FYI - 7-9% is pretty aggressive for a projection. It’s possible you hit that end being 100% equity , if you’re running it 50 years there is a period pre or post retirement where you start an income draw and increasing weight fixed income will decrease the return. Don’t disagree with the click bait… it’s never wrong - buy high, sell low :)
I always share the numbers I project with because some think they're too high and some too low but yeah everyone will project using their own. Didn't get deep into portfolio makeup or anything here either
Hey Dan! Great info as always. Is 6 y/o the youngest a child can be to have an open Roth or similar and fund it? I'm considering doing this since I currently have a business and my child is 2 y/o.
My accountant told me they have a client who modeled baby clothes in a magazine so they had their 1 to 2 year old on a Roth ira. It needs to be legitimately earned income from activity in the business is the rub
Even if the sun rises in the West and sets in the East, but we will be fine, no matter what.
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2:21 tunnel vision baby! 🤌🤌🤌 focused!
9:57 Did you just quote me a Daniel Tiger statement.... WHAT IS HAPPENING!?! I know I got sick for a few days and have been out of pocket... I have to find out what happened while I was gone.
Man speaks the truth
Nice Tay Tay title
I stole her sleep mask too
What is your favorite side quest?
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Tough to open a roth IRA for a 6 year old. Yes you could say you they earned "income" from your business, but I'd talk to a tax expert because it's a gray area. I agree with you though the point holds true even if you open a regular brokerage
My kids materially participate in the business ( its literally pokemon cards ) and if you know me you know I consult experts along the way
@@KetchumAllCollectibles Love it that's great. For people who don't own their own business it's tough
@papasmurf4040 oh yeah for sure. It has to be earned income but im sure there are creative ways if you have an aggressive cpa guidng you. Get that lemonade stand rolling 🤣
and Shake It Off
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Ive never heard of this channel and by the thumbnail i thought it was a parody of Taylor swift’s “you need to calm down” 🤣
Her song title and sleep mask were borrowed lol. But the content of this vs her song don't align so much
@@KetchumAllCollectibles I see!! I guess im like the first one to catch the reference?😂
@@winstonc8510 🤷♂️ 😆
Prioritize that IRA! Too many people want to show off the latest PSA 10 while they drink that $7 refresher that's too watery and disappointing despite being two ingredients... Give it up! XD Same can be said for chasing the views. People cant enjoy anything nowadays without trying to blow it up for the money.
Excellent comment.
That’s crazy we’re about the same age I totally thought you were older
Thank you I guess. 😆
I like women 18+… Where to find?
Outside
when da pokes go down do da tays go up 🤔🤔
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Only a real chad can buy high, sell low, and keep going 🫡
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