Isn't it interesting how billionaires often brainwash people into believing that chasing money isn't the path to happiness? The truth is, while money itself might not bring happiness, it does provide security and freedom. These billionaires are securing wealth for future generations, and one thing they all have in common is that they're investors. It's crucial for people to take their financial literacy seriously and consider investing in the stock market. It really can work for you and help you build the financial future you deserve.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio..,..
It's really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It's a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Jihan! Imagine i invested $50,000 and received $190,500 after 14 days
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
"Dollar Cost Averaging" is the golden word. Do this on an S&P500 Fund/ETF. My slopping investing got me 32% from it in the last 3 years. As i look to make additions to my 650k portfolio, What stock do you think has the best chance to 10x in 5 years?
My dollar portfolio i DCA with is made up of 30% SCHG, 25% SCHD, 15% VOO and over 30% in digital assets, thanks to my CFA. This alongside strategic diversification is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
Sure i can! Jennifer Leigh Hickman is the T.X- based advisor I use and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I curiously searched Jennifer up and her webpage popped up, and I have sent her an email. I hope she gets back to me soon. Cheers!
George, i thought it was best to invest sooner rather than later. With dollar cost averaging, are you saying one should not invest the entire IRA contribution in January? But rather 1/12th every month?
@@poolmilethirty2859Not sure why using a CFP would change the strategy. Things to consider: *Do you need a CFP for your investing at this level? *Is your CFP charging you a fixed fee or commission (in other words is your CFP benefitting by your one larger transaction in January?) *Perhaps your CFP is doing this to simplify the process and to help curb your tax burden from the previous year. Overall, I would suggest asking your CFP about the strategy and make this subject a worthwhile study as it's fun and not that complicated. Nothing wrong with using a CFP but you really should know the dynamics of what is going on with your money. He or she can help steer the ship but you need to know the details of your voyage.
@@poolmilethirty2859 I responded but they deleted my comment for whatever reason this show is strange. Do your research and don't assume the CFP is always working on your behalf when they may have other incentives.
Hey! George didn't give a very complete picture of how the term DCA is usually used. Usually when I see people use the term DCA, they are talking about having a lump sum to invest but instead of doing it all at once they spread it out to mitigate the risk that the market would go down. DCA would allow them to buy some of the shares cheaper if that happens. They are also missing out on the gains, which statistically it is more likely that the market will go up than down. When you invest regularly for retirement, it has the effect of DCA in that you aren't investing all at once. The reason why they support that is because they want people to be investing regularly over the course of their lifetime (usually out of every paycheck). When people do that, it kinda has the effect of DCA, but it's not purposely withholding a lump sum from investing. It is investing out of every paycheck as you earn it, as you don't have a lump sum. Most people can't invest the lump sum that they need for retirement someday because they don't have it yet because they haven't earned it. You are right. The longer in the market the better. So if you have the money, max out your IRA in January. Most people don't do that because they just don't have it. By doing that you are actually still DCAing because you are investing regularly over time, you are just doing it yearly instead of monthly. There is no reason to hold onto it and spread it out over the year. I think Dave would agree. He never tells people to spread out investing money that they have sitting in the bank that should be invested. So while George wasn't really wrong, he didn't give a very complete picture. He really didn't need to call regularly investing DCA, as that isn't how most people use the term.
options is probably the closest thing to a free lunch if you know what you’re doing. If you don’t know what you’re doing you can get completely destroyed though. For every winner there is a loser.
@AJohnson0325 🐂💩 I've back tested options strategies none of them over beat buy and hold or even direct shorting depending on interest rate paid to short not withstanding the insane risks of short particularly without a stop limit. You may profit from selling options over time but eventually volatility kicks up and you get crushed.
I do what I call enhanced dollar cost averaging. I put money into the account every month, play into the cash account o. Can I transfer them to mutual funds when the market is down for a day or two
probably QQQ is the best long term bet. I wouldn’t put anything more than 10% into anything speculative if anything at all. Warren Buffett, Charlie Munger, and Bill Gates all said no to crypto. QQQ has outperformed VOO by a lot over the past 10 years.
I'm 51yrs old. $40,000 weekly and *I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!* ❤️
Same here waking up every 14th of each month to 210,000 dollars it's a blessing to l and my family... I can now retire knowing that I have a steady income❤️Big gratitude to Maria Frances Hanlon
@jimroscovius Let me guess, you have no Bitcoin, cos if you had one, you could sell it for $99,000 today and then you wouldn't think it was stupid, sour grapes 😅
George sticks to the extreme basics. It works, but it’s nothing new. It’s pretty much all taken from Dave. He really shouldn’t be writing books or giving advice. He should give his own testimony and give Dave all the credit. DCA, dollar cost averaging is not new. It’s not a social media trend. It’s been a thing for decades.
One exception!..that no one talks about! What if you do a Roth IRA every year , well guess what ?..it depends on how much money you make, your limited to your contribution, and if you max out your Roth , and you made too much money at the end of the year, guess what happens next ?!!..Penalties for buying a Roth for that year !..not worth it !! ..wait until your tax advisor tells you how much you can contribute for that year, then and only then, make a one time lump sum !!
You can put in up to $7000 a year. You don't need to ask your tax advisor every year, you can literally google it. Then just make sure you only put in that amount, and the rest into your 401k.
@@michaelfoust-d2k Yes, but this is all public knowledge. You can figure it out in January (at least estimate) to allow you to dollar cost average all year. This is literally what I, and millions of people, do.
!!I am at the beginning of my "investment journey", planning to put 285K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Isn't it interesting how billionaires often brainwash people into believing that chasing money isn't the path to happiness? The truth is, while money itself might not bring happiness, it does provide security and freedom. These billionaires are securing wealth for future generations, and one thing they all have in common is that they're investors. It's crucial for people to take their financial literacy seriously and consider investing in the stock market. It really can work for you and help you build the financial future you deserve.
You get rich by making credit work for you. Nobody ever got rich by saving money.
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich is Investing.
Investing and trading now will be the wisest thing to do especially with the current economic fluctuation and inflations.
Success usually comes to those who are too busy looking for it. If you're willing to do business or become an investor then you will be rich.
The digital market has been good news lately, many people in it are seeing a great return.
Dollar cost averaging = Always be buying
Overtime doesn’t matter if you do weekly, monthly, or quarterly, etc,
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
Everyone should have BTC in their portfolio..,..
It's really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It's a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Jihan! Imagine i invested $50,000 and received $190,500 after 14 days
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
Some persons think inves'tin is all about buying stocks;
I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
It doesn't just have to be for retirement accounts, George.
Exactly. I actually buy more in my taxable brokerage on a monthly basis
Crypto baby!
@@MKK-wg7fz These people only care about saving for retirement. They care little about saving for the present.
Majority of Ramsey callers are dumb and don’t know how investing works. Doing 401k is a lot better than not doing anything
"Dollar Cost Averaging" is the golden word. Do this on an S&P500 Fund/ETF. My slopping investing got me 32% from it in the last 3 years. As i look to make additions to my 650k portfolio, What stock do you think has the best chance to 10x in 5 years?
Meta investors have made a killing in the past two years, with the stock up 480% 🤯. Buy META!
My dollar portfolio i DCA with is made up of 30% SCHG, 25% SCHD, 15% VOO and over 30% in digital assets, thanks to my CFA. This alongside strategic diversification is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
@@BBmbr89 I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
Sure i can! Jennifer Leigh Hickman is the T.X- based advisor I use and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I curiously searched Jennifer up and her webpage popped up, and I have sent her an email. I hope she gets back to me soon. Cheers!
George, i thought it was best to invest sooner rather than later. With dollar cost averaging, are you saying one should not invest the entire IRA contribution in January? But rather 1/12th every month?
@JustinCase780 thank you for the detailed explanation. What about if a CFP is doing the investing for you? Would it be better to do it all in January?
@@poolmilethirty2859Not sure why using a CFP would change the strategy. Things to consider: *Do you need a CFP for your investing at this level? *Is your CFP charging you a fixed fee or commission (in other words is your CFP benefitting by your one larger transaction in January?) *Perhaps your CFP is doing this to simplify the process and to help curb your tax burden from the previous year.
Overall, I would suggest asking your CFP about the strategy and make this subject a worthwhile study as it's fun and not that complicated. Nothing wrong with using a CFP but you really should know the dynamics of what is going on with your money. He or she can help steer the ship but you need to know the details of your voyage.
@@poolmilethirty2859 I responded but they deleted my comment for whatever reason this show is strange. Do your research and don't assume the CFP is always working on your behalf when they may have other incentives.
@@poolmilethirty2859 Why the CFP when you can do it yourself.
Hey! George didn't give a very complete picture of how the term DCA is usually used. Usually when I see people use the term DCA, they are talking about having a lump sum to invest but instead of doing it all at once they spread it out to mitigate the risk that the market would go down. DCA would allow them to buy some of the shares cheaper if that happens. They are also missing out on the gains, which statistically it is more likely that the market will go up than down.
When you invest regularly for retirement, it has the effect of DCA in that you aren't investing all at once. The reason why they support that is because they want people to be investing regularly over the course of their lifetime (usually out of every paycheck). When people do that, it kinda has the effect of DCA, but it's not purposely withholding a lump sum from investing. It is investing out of every paycheck as you earn it, as you don't have a lump sum. Most people can't invest the lump sum that they need for retirement someday because they don't have it yet because they haven't earned it.
You are right. The longer in the market the better. So if you have the money, max out your IRA in January. Most people don't do that because they just don't have it. By doing that you are actually still DCAing because you are investing regularly over time, you are just doing it yearly instead of monthly. There is no reason to hold onto it and spread it out over the year.
I think Dave would agree. He never tells people to spread out investing money that they have sitting in the bank that should be invested.
So while George wasn't really wrong, he didn't give a very complete picture. He really didn't need to call regularly investing DCA, as that isn't how most people use the term.
The closest thing to a free lunch in investing is diversification and dollar cost averaging.
Nothing is free buddy.
options is probably the closest thing to a free lunch if you know what you’re doing. If you don’t know what you’re doing you can get completely destroyed though. For every winner there is a loser.
@AJohnson0325 🐂💩 I've back tested options strategies none of them over beat buy and hold or even direct shorting depending on interest rate paid to short not withstanding the insane risks of short particularly without a stop limit. You may profit from selling options over time but eventually volatility kicks up and you get crushed.
I do what I call enhanced dollar cost averaging. I put money into the account every month, play into the cash account o. Can I transfer them to mutual funds when the market is down for a day or two
It works.
what happened to John Wick who always commented on here? Did he get assassinated at the Continental?
I have been wondering that too.
Hope him and his dog are okay.
George didn’t use a good example of DCA.
I apply DCA to my Crypto investments.
How bout them bitcoins and xrp's
probably QQQ is the best long term bet. I wouldn’t put anything more than 10% into anything speculative if anything at all. Warren Buffett, Charlie Munger, and Bill Gates all said no to crypto. QQQ has outperformed VOO by a lot over the past 10 years.
I'm 51yrs old. $40,000 weekly and *I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!* ❤️
Hello how do you make such?? I'm a born Christian and sometimes I feel so down myself because of low finance but I still believe in God
It's Maria Frances Hanlon doing, she's changed my life.
Same here
waking up every 14th of each
month to 210,000 dollars it's a blessing to l and my family... I can now retire knowing that I have a steady income❤️Big gratitude to
Maria Frances Hanlon
I do know Ms. Maria Frances Hanlon, I also have even become successful....
Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Maria Frances Hanlon.
i invest 50 dollars every single day the markets are open into SCHD
I DCA into Bitcoin every week.
Anyone that's been buying Bitcoin over the last few years that used dollar cost averaging has made a killing 😅
Bitcoin is stupid.
Why?@@jimroscovius
@jimroscovius Let me guess, you have no Bitcoin, cos if you had one, you could sell it for $99,000 today and then you wouldn't think it was stupid, sour grapes 😅
Indeed I have. 😊
@@luminous6969 That proves that it is stupid.
Yeah what they won’t tell you is the 401k fees
A couple cents per month?
George sticks to the extreme basics. It works, but it’s nothing new. It’s pretty much all taken from Dave. He really shouldn’t be writing books or giving advice. He should give his own testimony and give Dave all the credit.
DCA, dollar cost averaging is not new. It’s not a social media trend. It’s been a thing for decades.
One exception!..that no one talks about!
What if you do a Roth IRA every year , well guess what ?..it depends on how much money you make, your limited to your contribution, and if you max out your Roth , and you made too much money at the end of the year, guess what happens next ?!!..Penalties for buying a Roth for that year !..not worth it !! ..wait until your tax advisor tells you how much you can contribute for that year, then and only then, make a one time lump sum !!
You can put in up to $7000 a year. You don't need to ask your tax advisor every year, you can literally google it. Then just make sure you only put in that amount, and the rest into your 401k.
You could contribute all of the capital in one shot and then buy your funds every week or month or whatever you want with that capital
Still if you make too much money for the calendar year, , you cant contribute at all !!..I don’t understand your statement???
Put it in your 401k! Some companies offer a Roth 401k. If you're self employed, you can look into options for that as well.
@@michaelfoust-d2k Yes, but this is all public knowledge. You can figure it out in January (at least estimate) to allow you to dollar cost average all year. This is literally what I, and millions of people, do.
!!I am at the beginning of my "investment journey", planning to put 285K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work.. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??