In normal circumstances, attempting to time the market is a very bad idea and its much better to just stay in the market with constant DCA contributions but this is not normal times. Look at what happened in 1929 and how long it took market to recover and decide if you want to weather that or not. People will say 1929 crash will not happen again because of all the safeguards put in place since then but those are the exact safeguards which will be removed by “de-regulation”.
Wait is this scooby??? The scooby who turned me into this absolute monster at the gym because I watched his videos back in early 2000??? Now that I’m a commercial banker scooby is into finance?? This is awesome!!!!!
Scoob bought property in the bay area/silicon valley back in the day, and it has exploded in value since then. That's a bit of good luck combined with wise investment on Scoob's part. He also played his cards right maintaining and renovating the properties on his own, which saves you tens of thousands of dollars. Renting that sucker out, it's like a license to print money.
Retiring at 40 is impressive but tbf, $100K today was like $40K in 1999 so he technically didn't need to be making "six-figures" to achieve a salary that afforded him a "six-figure" lifestyle.
I haven’t seen a scooby video for a while but popped up in feed, good to see you!! Huge motivation on fitness watching your videos. Glad to see your doing well
I'm sitting here in my retirement villa in Thailand. Just had a shower so sat down, naked, and this video popped up. I can't help but think "what am i doing? Sitting naked, looking at a semi-naked (i assume) man, paying attention to his investment advice after he gave the caveat that he is not a financial advisor. And, i agree 100%. Life is funny.
I’m in Bali, fully naked just did some tantric play party and about to go surf…Sold my micro strategy shares a few weeks ago. My plan was to be gone before Jan 1. 2025. 🎉
@@adrianowallin because this is just the beginning for gains within the next 12 months in crypto. It's not really that hard to make money right now, but safe crypto is the move. Don't invest in smaller market cap coins with too much at all
Scooby because of you I have started going gym 18 years ago and I can't thank you enough... 18 years! and now you are offering financial insight! Please we need more of this!
@@JaMeshuggah Most of the world is braindead npcs and so are you it seems. It's his channel and he can post whatever he wants why are you watching content you don't care about? There's a billion of other fitness channels out there if you're too stupid to figure out diet and training
Amazing! Not seen this legend in years! Got me into the gym best part of 15 years ago! Now I'm in my mid 30's big into Cycling but still strong from the gym work I continue to do!
Wow I used to watch your workout videos when I was a kid like 10+ years ago, just saw this video on my recommended and thought you looked familiar haha wow so cool and good advice!
Thank you for sharing your wisdom in another video Scooby. I'm so happy i found your channel again a few months ago after all these years. I hope your shoulder is doing well. You're still looking amazing as always (and no, not just "for your age" [i saw that video]). All the best
I invested both in stocks and crypto when you made your crypto video back in 2022. I have as much faith in your strategy now as I did back then. It served me well. thanks for the guidance.
Oh I love it. "Buy when everyone is selling, and hold on until everyone else is buying." - I haven't seen this much optimism and buying in a long time. Definitely a good time to cash out.
markets are fueled by global liquidity levels right now global liquidity is high and gov plan on expanding these levels in the near future mark moss makes a great case for this on YT
@@petergraves9006 Who knows. But my bet would be that the risk at these levels outweighs the potential rewards. I can all but guarantee that you will have opportunities to buy in at 20-30% lower than current levels, which is not to say that stock indexes won't go up first. My thesis, regardless of who won the election, was a rally into the holiday season and a selloff at year end / early next year. So far it's playing out that way. We'll see if I'm right on the latter part.
My sell date of jan 1 2029 has nothing to do with presidential terms, its just the fact that I suspect deregulation will be implemented in 2025 during the booming market that will last quite a while. When the market has its first correction, THAT is when deregulation will cause all hell will break loose. I figure selling using DCA starting in Jan 2029 will get me out long before the crash.
I was going to do something similar and DCA into index funds until Jan 2027, then start selling via DCA. As we saw in 2008, it was deregulation in 2006 that caused it, which gives about a 2 year period.
I can't see how deregulation will cause a crash. There are already investment groups buying up single family homes, China and corporate billionaires buying up farm land. I see deregulation as leveling the playing field and taking away the advantages of those in and around government. I would love feedback, this just my opinion, thanks for the video.
@@millec60 my understanding was 2008 happened because prior government made banks give home loans to those who traditionally would not have been able to afford them. That inflated the market, prices went up until the loans started to fail and became in default, that being the cause of the bubble busting...
4:19. "When the banks fail" Not 'if'. But 'when'. That is pure wisdom right there. Somewhat worrying to hear, but wise information to take in during the present.
Also, love the analogy at 11:10. Margin Call is a great film. Takes me back to the Economic Crises module I completed during my Economics degree back in 2019
already read it on your substack but I enjoyed the video anyway. You're just right about a lot of things. Still, making people think over making them follow is admirable. love the glasses
Good content as always, Scooby. I'm more of a stock market guy, and my sibling just bought a house in your part of the world (Silver Lake, LA, to be precise)... So, between the two of us, we're following both sides of your advice!
If you strongly feel a collapse is coming wouldn't you liquidate all you can to generate cash prior to the crash so you can load it all into the market when its down knowing it has to come back up or the US will fail...
Thank you Scooby for once again showing that you care about human beings. The knowledge you gave me on nutrition and exercise has been invaluable in my life. Being honest about your own journey through health and finances is appreciated and easy to relate to
Hey Scooby great video. The stock market advice was pretty nice, already had that figured out. I greatly appreciate the exit strategy, I hadn't thought of that. I def don't want to absorb losses like a chump. Solid exit strategy and good video.
I largely credit scooby's advice for helping me make an insane amount of money (too much for a 24 year old) in real estate back in 2021. I'd take his advice. Invaluable info here.
I started investing last year. I was super scared since I had never done it before. But already it's going pretty well. It's not as scary as you think as long as you're sensible about where you put it. Like scooby does. :)
Hi Scooby, if I have 10k and I want to invest in the S&P 500, should I put it in immediately and take advantage of the compounding interest or invest it slowly? I'm not sure I understand dollar cost averaging or compounding interest, sorry for my silly question
@@ddwfw if you have it just laying around doing nothing, then you could invest right away. But if it’s part of your savings, you could choose a lower-risk option like an FDIC insured high-yield savings account (discover, American Express, etc)
Great advise sir , its good to see aggressive investors like you sir , here in india & eastern part of world many individuals after age 50 they prefer safer assets like Bonds & Gold , equity is viewed as asset class to purchase in age 30s & 40s ... More than that health is wealth, i started lifting 2009 , i am still lifting inspired by you , many top youtube fitness persons of those days quit lifting , very happy to see scooby still jacked and strong , BEST WISHES
I agree with you on everything Scoobsters, except for real estate affordability. I do agree real estate will continue increasing (or at least not decrease) in the next five years at least, but affordability goes way beyond NIMBYism. BTW - smashed a deadlift PR @ 315lbs, which is good for my 6'3" 180lb lanky self :)
There are many other issues affecting affordability, including interest rate. I am not too sympathetic about people who whine about "high" interest rates because my first condo had to be tiny because interest rates were 13% when I bought my first.
Big fan of real estate here. Although it's hard to predict short term prices, long term is very low risk if you hold for 5+ years. With tax write-offs, mortgage paydown, appreciation, rental cashflow, and forced appreciation through renovations, there are a lot of compounding factors that mitigate risk in being successful.
LOL! I actually am cut off. Authorized dealers frown upon buying too many watches in a rolling 12 month period and I have passed that limit. It will be around April before I am allowed to buy another.
@@JaMeshuggah It's obvious you're just jealous, envious, and broke. It's a terrible combination to be. Also projecting that everyone needs kids and pets to be "fulfilled" is just pathetic.
In normal times, attempting to time the market never does as well as simply dollar cost averaging and staying in the market. These are not normal times. The Trump administrations platform is deregulation. They will be removing removing many of the safeguards put in place which sets us up for another 1929 magnitude crash. Look at how long it took stock and real estate to recover from the ‘29 crash and decide if you think its worth staying in the market.
YOU are going places. People who READ to get their information are 7 times more likely to retire by age 55 than people who get their information by watching TV or videos.
I'm really happy he won. I want to start re-distributing my portfolio into other asset classes. I know Trump is more open minded to trying out new things. I'm thinking of sharing my portfolio of about 300k over different asset classes. Any recommendations?
No specific suggestions from me, but all I can say is that he's really likely to win. It's really not as difficult to smartly distribute your assets as many people assume. It requires a certain level of expertise, which ordinary investors lack, so a financial advisor usually comes in very handy. That is how people make huge profits in market key changers like elections.
I agree. A financial advisor can really help you re-adjust and identify blindspots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
The national debt clock is over 36 trillion, the world debt clock is sitting above 80 trillion last time i checked. This is definitely the best time to really push the investment drive! Thanks for the headsup. Ill be starting this week at square one to whats available
Could someone explain the reasoning of 4:00-4:20 to me? FDIC is up to $250k, if I'm not mistaken. I agree that spreading across banks is a better strategy overall, just curious about the difference between your $100k limit and the FDIC $250K coverage. Or am I missing something?
I mis spoke, nothing to read into this. The point is, do not allow your deposits to exceed the insured limit because in a bank failure, that excess will be lost.
@scooby1961 Thank you, Scooby! I appreciate your videos and the time & effort you put into them. Happy holidays! I wish you and your partner good luck in 2025
Great vids as always Scooby. Any chance of making videos on the following?.. 1. Jeff Seid entering and winning a natural bb show, 2. Trevor Jacob to get paid millions to do a documentary about his "plane crash", 3. The passing of Big Lenny. Thanks again Scooby :)
"Investment advice as solid as his washboard abs. Trust Scooby Financial." Excellent analysis Scooby. My career developed late in life so I have low tolerance for risk. Money printing and the possibility of lower interest rates are as dangerous beyond comprehension. CD, Bonds, and commodities for us over here until this economic cycle is over. 100% agree on crypto, it is fun, but has no objection basis for valuation. There are some real estate opportunities with high growth. I'm referring to specific parts of Central America. Look at the number of citizens leaving the US. Inflation has caused a huge exodus due to taxes and inflation. The data trends are clear. We're also seeing investment bargains in acquiring intellectual properties but people need to understand what they are buying.
Wages don’t match real estate prices. Ai just allows already rich firms to hire their customers as cashiers. Worse, firms raise the price to make more $, then fire consumers to appear even more profitable.
Hi Scooby, why do you set the deadline at 1 Jan, 2029 to withdraw from the stock market? What do you suspect before the inauguration of the new president after Trump? Really love these kind of video’s and would appreciate another deep dive from you on this.
My sell date of jan 1 2029 has nothing to do with presidential terms, its just the fact that I suspect deregulation will be implemented in 2025 during the booming market that will last quite a while. When the market has its first correction, THAT is when deregulation will cause all hell will break loose. I figure selling using DCA starting in Jan 2029 will get me out long before the crash.
Great advice. Say you have 100k for either the stock market or a down payment on real estate, which would you choose? Assuming your 401k is topped off as is your Roth IRA.
hmm, dunno. Deregulation might improve margins for companies but all that tariff BS is going to make a lot of goods way more expensive and people will prioritize their spending. So a number of companies will see less sales, thus less revenue and thus stock prices might go down. Probably depends on the type of company, Apple would be one I think that would suffer greatly under these conditions.
For stock market investing (and exit strategy), would your strategy be the same if investing funds via a tax-benefit account like a Roth IRA? Love the glasses, btw
Invest in energy. It takes massive amounts of energy to run everything in the modern world and there are only a handful of companies that have the know how and capacity to deliver.
Good advice, always do your research, Trump made me a millionaire in his first term as president via the stock market. Now I’m looking into real estate
Scoob, what about a stock exit strat? Supposing the market is signaling a correction, let alone crash, any value in moving funds into money market to protect some liquidity?
In normal circumstances, attempting to time the market is a very bad idea and its much better to just stay in the market with constant DCA contributions but this is not normal times.
Look at what happened in 1929 and how long it took market to recover and decide if you want to weather that or not. People will say 1929 crash will not happen again because of all the safeguards put in place since then but those are the exact safeguards which will be removed by “de-regulation”.
Hi Scooby, could you please get into more detail on you exit strategy? Do you just sell it all or it is more nuanced? Thanks
S&P 500?
@@basketballmarco S&P 500 took a big hit in 2008, only easy to stay green is to fine individual stocks for companies that can grow during the crash
Thanks for the good advice. I'm going to keep DCA.
Wait is this scooby???
The scooby who turned me into this absolute monster at the gym because I watched his videos back in early 2000???
Now that I’m a commercial banker scooby is into finance??
This is awesome!!!!!
Yep, same me :)
@@scooby1961 I still miss the website with soooooo many excellent resources you shut down...
I need to know what is the skateboard squat of the finance world
I misspoke, the FDIC insured limit is now 250k.
CRYPTO CRYPTO CRYPTO....its already beat every other asset class since November 5th
Finally economics perspectives from hot, shirtless, gay men. Thank you for sharing.
An engineer who didn't make a six-figure salary and still retired at 40?!?! Nicely done, my man!
I always assumed he had a cushy job later in life!
His secret: don't have kids
Scoob bought property in the bay area/silicon valley back in the day, and it has exploded in value since then. That's a bit of good luck combined with wise investment on Scoob's part. He also played his cards right maintaining and renovating the properties on his own, which saves you tens of thousands of dollars. Renting that sucker out, it's like a license to print money.
Retiring at 40 is impressive but tbf, $100K today was like $40K in 1999 so he technically didn't need to be making "six-figures" to achieve a salary that afforded him a "six-figure" lifestyle.
High paying dual income with his husband and no kids goes a very long way, plus Scooby is smart with money.
never making over 6 fig in your regualr job and retiring at 40 is sick . good job bro
Its not how much you make, its how much you save.
@@scooby1961 agreed.
@@scooby1961and invest ♟️
I haven’t seen a scooby video for a while but popped up in feed, good to see you!! Huge motivation on fitness watching your videos. Glad to see your doing well
Welcome back!
I'm sitting here in my retirement villa in Thailand. Just had a shower so sat down, naked, and this video popped up. I can't help but think "what am i doing? Sitting naked, looking at a semi-naked (i assume) man, paying attention to his investment advice after he gave the caveat that he is not a financial advisor. And, i agree 100%. Life is funny.
Lol! Agreed
Same here. Thailand 🇹🇭 I'm going back home to Florida soon 😂
@@lostboi3974
I split time between Mahasarakham and the States, mostly Arizona.
Wet heat to dry heat.
I’m in Bali, fully naked just did some tantric play party and about to go surf…Sold my micro strategy shares a few weeks ago. My plan was to be gone before Jan 1. 2025. 🎉
Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category.
I mis spoke, you are correct.
The F inFDIC is federal and i will trust nothing from our federal government once the crooked , lying fraud and conman is in office.
"don't buy crypto now. You will lose your shirt"
Scooby making this video shirtless... 😂
:) Funny aside, my 30k of crypto is almost enough to buy my 6 place dream airplane now.
@@scooby1961😂
@@scooby1961 and you have not sold because....
@@adrianowallin because this is just the beginning for gains within the next 12 months in crypto. It's not really that hard to make money right now, but safe crypto is the move. Don't invest in smaller market cap coins with too much at all
@@adrianowallin who said he haven't sold?
Scooby because of you I have started going gym 18 years ago and I can't thank you enough... 18 years! and now you are offering financial insight! Please we need more of this!
:)
Keep doing these videos Scooby. They are SO needed and very relevant.
People need to understand the risks and benefits of deregulation, otherwise, they will get the short end of the stick.
@@JaMeshuggah don't watch 🤡
@@JaMeshuggah AGREED 👍
@@JaMeshuggah he already covered all there is to diet and training, it's not rocket science
@@JaMeshuggah Most of the world is braindead npcs and so are you it seems. It's his channel and he can post whatever he wants why are you watching content you don't care about? There's a billion of other fitness channels out there if you're too stupid to figure out diet and training
Amazing! Not seen this legend in years! Got me into the gym best part of 15 years ago! Now I'm in my mid 30's big into Cycling but still strong from the gym work I continue to do!
welcome back!
Wow I used to watch your workout videos when I was a kid like 10+ years ago, just saw this video on my recommended and thought you looked familiar haha wow so cool and good advice!
Happy to hear that!
Haven’t seen scooby in a long time, great to see you’re still in shape and spreading knowledge!
Welcome back!
Thank you for sharing your wisdom in another video Scooby. I'm so happy i found your channel again a few months ago after all these years. I hope your shoulder is doing well. You're still looking amazing as always (and no, not just "for your age" [i saw that video]). All the best
Welcome back!
I invested both in stocks and crypto when you made your crypto video back in 2022. I have as much faith in your strategy now as I did back then. It served me well. thanks for the guidance.
Fantastic!
We love you scooby, thank you for everything you do!
My pleasure!
Oh I love it. "Buy when everyone is selling, and hold on until everyone else is buying." - I haven't seen this much optimism and buying in a long time. Definitely a good time to cash out.
markets are fueled by global liquidity levels right now global liquidity is high and gov plan on expanding these levels in the near future mark moss makes a great case for this on YT
@@petergraves9006 Who knows. But my bet would be that the risk at these levels outweighs the potential rewards. I can all but guarantee that you will have opportunities to buy in at 20-30% lower than current levels, which is not to say that stock indexes won't go up first. My thesis, regardless of who won the election, was a rally into the holiday season and a selloff at year end / early next year. So far it's playing out that way. We'll see if I'm right on the latter part.
Sell everything!! quick!!!
@TheDarkhorse228😂😂
Just keep buying
My sell date of jan 1 2029 has nothing to do with presidential terms, its just the fact that I suspect deregulation will be implemented in 2025 during the booming market that will last quite a while. When the market has its first correction, THAT is when deregulation will cause all hell will break loose. I figure selling using DCA starting in Jan 2029 will get me out long before the crash.
I was going to do something similar and DCA into index funds until Jan 2027, then start selling via DCA. As we saw in 2008, it was deregulation in 2006 that caused it, which gives about a 2 year period.
I can't see how deregulation will cause a crash. There are already investment groups buying up single family homes, China and corporate billionaires buying up farm land. I see deregulation as leveling the playing field and taking away the advantages of those in and around government. I would love feedback, this just my opinion, thanks for the video.
@selfemployed1338 see 2008
@@millec60 my understanding was 2008 happened because prior government made banks give home loans to those who traditionally would not have been able to afford them. That inflated the market, prices went up until the loans started to fail and became in default, that being the cause of the bubble busting...
@selfemployed1338 it was also due to regulations being gutted. One of them is one that Musk wants to get rid of, too
4:19.
"When the banks fail"
Not 'if'. But 'when'.
That is pure wisdom right there. Somewhat worrying to hear, but wise information to take in during the present.
Also, love the analogy at 11:10. Margin Call is a great film. Takes me back to the Economic Crises module I completed during my Economics degree back in 2019
Remove all the regulation put in place to prevent cascading bank system failures. What could possibly go wrong?
Nice to see you’re still on TH-cam Scooby ! I watched your content over a decade ago! Nearly 15 years ago
Welcome back!
"Retiring at 40" is the only credentials you need to impress me brother!!!! Thanks for making this video 👍🏻
Scooby I have 2 degrees in business and accounting, i feel like you pretty much nailed it
Thanks!
Thanks scoob. Awesome glasses im glad youre doing good
Glad you like them!
Thanks for you videos Scooby! We miss you! Grateful whenever you post!
Thanks!
Thanks for sharing your advice, Scooby!
Very welcome!
Scooby you're back! I haven't a video of yours in so long.
Welcome back!
This video made me feel very comfortable about investing in my wife's dental health and not Trumps reckless economy. I love Scooby!
already read it on your substack but I enjoyed the video anyway. You're just right about a lot of things. Still, making people think over making them follow is admirable. love the glasses
I just want people to think rather than parrot what they hear
THANK YOU SO MUCH, SCOOOB! I needed them so bad!
Glad I could help!
new sub here. Youre the man and im listening.
Thanks and welcome
Good content as always, Scooby. I'm more of a stock market guy, and my sibling just bought a house in your part of the world (Silver Lake, LA, to be precise)... So, between the two of us, we're following both sides of your advice!
Excellent! Silver Lake is a great area to buy!
Same escape strategy here Scooby! Great video!
Glad you enjoyed it and were planning on this already!
Yay! Well, if it isnt my favorite you tuber. You are the best scooby. Thanks for the advice. I hope that everything is going well.
Appreciate you so much, Scooby! Thank you for doing all that you do here on TH-cam
My pleasure
scooby always brings the OG youtube knowledge 👍
12/12/22: Man, you nailed the recent, Bitcoin bottom! Congrats.
If you strongly feel a collapse is coming wouldn't you liquidate all you can to generate cash prior to the crash so you can load it all into the market when its down knowing it has to come back up or the US will fail...
Thank you Scooby for once again showing that you care about human beings. The knowledge you gave me on nutrition and exercise has been invaluable in my life. Being honest about your own journey through health and finances is appreciated and easy to relate to
I try my best! Thanks!
Watched for a long time Scooby since the start, through my student phase, gym phase and now tired dad phase. Keep it up mate great advice as usual!
Whaaaaaat!! I remember you 7 years ago when I started working out again. And now you are talking about stocks!! Amazing
Welcome back!
Thanks scoob love the content 🎉
you are very welcome!
Those sunglasses are why I watch you Scooby, you rock!
Hey Scooby great video. The stock market advice was pretty nice, already had that figured out. I greatly appreciate the exit strategy, I hadn't thought of that. I def don't want to absorb losses like a chump. Solid exit strategy and good video.
Yes, move into something ultra-safe like T-Bills
great video you are the reason I do 30- 45 min a day of working out all at home. Always some sound advice.
Thanks! Keep it up!
Those fancy glasses have convinced me that you have made it big and your investment advice is gold. :)
Mister FancyPants glasses
Always good to see a Scooby post. 💪
More to come!
I largely credit scooby's advice for helping me make an insane amount of money (too much for a 24 year old) in real estate back in 2021. I'd take his advice. Invaluable info here.
Glad it worked out for you!
Love these videos Scooby!
Thanks!
Forget the bodybuilding, you're a financial guru! 👍🏾👏🏾👏🏾
My advantage is taht I am retired and dont have to influence people to make a buck
Man blast from the past OG TH-cam fitness channel Scooby! Would be cool if you had a second finance channel good stuff
Too much work to make a seperate channel.
No, everything on this channel only.
I started investing last year. I was super scared since I had never done it before. But already it's going pretty well. It's not as scary as you think as long as you're sensible about where you put it. Like scooby does. :)
Dollar Cost Averaging in a S&P500 index fund is a successful proven technique when used long term (over 20 years)
Hi Scooby, if I have 10k and I want to invest in the S&P 500, should I put it in immediately and take advantage of the compounding interest or invest it slowly? I'm not sure I understand dollar cost averaging or compounding interest, sorry for my silly question
@@ddwfw if you have it just laying around doing nothing, then you could invest right away. But if it’s part of your savings, you could choose a lower-risk option like an FDIC insured high-yield savings account (discover, American Express, etc)
@@ddwfwInterest is a percentage. The larger your amount, the larger interest you earn.
Great advise sir , its good to see aggressive investors like you sir , here in india & eastern part of world many individuals after age 50 they prefer safer assets like Bonds & Gold , equity is viewed as asset class to purchase in age 30s & 40s ... More than that health is wealth, i started lifting 2009 , i am still lifting inspired by you , many top youtube fitness persons of those days quit lifting , very happy to see scooby still jacked and strong , BEST WISHES
This advice is for Americans only, sorry, I should have stated that.
Scooby, you've looked the same since 2006 when I was getting TH-cam home workout tips from your channel lol.
Thats a good thing!!
I agree with you on everything Scoobsters, except for real estate affordability. I do agree real estate will continue increasing (or at least not decrease) in the next five years at least, but affordability goes way beyond NIMBYism. BTW - smashed a deadlift PR @ 315lbs, which is good for my 6'3" 180lb lanky self :)
Congrats on 315! YES, that is a huge accomplishment for someone 6'3"!!!
There are many other issues affecting affordability, including interest rate. I am not too sympathetic about people who whine about "high" interest rates because my first condo had to be tiny because interest rates were 13% when I bought my first.
wow scooby is a truly OG youtuber. respect.
Thanks!
Thanks Scooby! I missed out on your crypto advice, hopefully will be able to benefit from this video.
I hope so too!
Scooby you look great man. Been watching you since 2011
Big fan of real estate here. Although it's hard to predict short term prices, long term is very low risk if you hold for 5+ years. With tax write-offs, mortgage paydown, appreciation, rental cashflow, and forced appreciation through renovations, there are a lot of compounding factors that mitigate risk in being successful.
Agreed
Scoob! Good morning, It must be the middle of the night in California
Yes, about to work on Dotty
SCOOBY AIMING FOR ANOTHER ROLLIE ON THE WRIST
LOL! I actually am cut off. Authorized dealers frown upon buying too many watches in a rolling 12 month period and I have passed that limit. It will be around April before I am allowed to buy another.
@@scooby1961 "Fitness & Finance" - what a combination Scooby! More videos or even a channel surrounding these topics please 😄👊💯
@JaMeshuggah spoken like a true Dusty Brokey
@JaMeshuggah hi I'm married, but you're a prick!
@@JaMeshuggah It's obvious you're just jealous, envious, and broke. It's a terrible combination to be.
Also projecting that everyone needs kids and pets to be "fulfilled" is just pathetic.
So glad you're still making videos, Scooby! How's your shoulder?
Its amazing!!!
@scooby1961 glad to hear it's healing up nicely!!!
Thanks Scooby I appreciate your insights can you tell me where you are putting your money when you remove it according to your exit strategy?
This guy is still around??! I haven’t seen a scooby video in YEARS!!
The algorithm!!!
bro! i thought you died! followed you back in the day for all the gains! the algorithm brought you to my feed today! lol
funny how the algorithm does that.
In normal times, attempting to time the market never does as well as simply dollar cost averaging and staying in the market. These are not normal times. The Trump administrations platform is deregulation. They will be removing removing many of the safeguards put in place which sets us up for another 1929 magnitude crash. Look at how long it took stock and real estate to recover from the ‘29 crash and decide if you think its worth staying in the market.
is there a specific reason or set of reasons why you think this crash may happen in 2029?
@ddwfw Trump will leave office in January '29
@@michaelqdlap why should the economy collapse just after he leaves? I'm not being provocative, I'm just dumb
@@ddwfw The economy is going to collapse DURING his term. Fiat is not worth having, convert any cash into BTC or real world assets.
@@michaelqdlap oh I didn't think you would leave office what are you talking about
Very well explained! Thank you for sharing your thoughts with us! Hope your shoulder-recovery is going well!
Thanks!
4 14....... Thank you for bringing this up. I wasn't sure if FDIC covered per account or per person.
Read fine print carefully
Read about this in your newsletter. Thanks, Scooby!
YOU are going places. People who READ to get their information are 7 times more likely to retire by age 55 than people who get their information by watching TV or videos.
I'm really happy he won. I want to start re-distributing my portfolio into other asset classes. I know Trump is more open minded to trying out new things. I'm thinking of sharing my portfolio of about 300k over different asset classes. Any recommendations?
No specific suggestions from me, but all I can say is that he's really likely to win. It's really not as difficult to smartly distribute your assets as many people assume. It requires a certain level of expertise, which ordinary investors lack, so a financial advisor usually comes in very handy. That is how people make huge profits in market key changers like elections.
I agree. A financial advisor can really help you re-adjust and identify blindspots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
Melissa Elise Robinson is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks
Thank you for this video!
As of April 1, 2024, the standard maximum deposit insurance amount from the Federal Deposit Insurance Corporation (FDIC) is $250,000 per depositor.
The national debt clock is over 36 trillion, the world debt clock is sitting above 80 trillion last time i checked. This is definitely the best time to really push the investment drive! Thanks for the headsup. Ill be starting this week at square one to whats available
National debt it at scary leveld
I like this vid. Good insight and good tips.
Glad you enjoyed it!
Nice looking gravel bike there, Scooby! Any off road adventures in the works?
Excellent Advice
Where did you get those wonderful glasses?! :D
Custom made and Drop shipped from china
Could someone explain the reasoning of 4:00-4:20 to me? FDIC is up to $250k, if I'm not mistaken. I agree that spreading across banks is a better strategy overall, just curious about the difference between your $100k limit and the FDIC $250K coverage. Or am I missing something?
I mis spoke, nothing to read into this. The point is, do not allow your deposits to exceed the insured limit because in a bank failure, that excess will be lost.
@scooby1961 Thank you, Scooby! I appreciate your videos and the time & effort you put into them. Happy holidays! I wish you and your partner good luck in 2025
I'm putting every penny into my Death Star holdings.
Great vids as always Scooby. Any chance of making videos on the following?.. 1. Jeff Seid entering and winning a natural bb show, 2. Trevor Jacob to get paid millions to do a documentary about his "plane crash", 3. The passing of Big Lenny. Thanks again Scooby :)
Great topics!
"Investment advice as solid as his washboard abs. Trust Scooby Financial." Excellent analysis Scooby. My career developed late in life so I have low tolerance for risk. Money printing and the possibility of lower interest rates are as dangerous beyond comprehension. CD, Bonds, and commodities for us over here until this economic cycle is over. 100% agree on crypto, it is fun, but has no objection basis for valuation.
There are some real estate opportunities with high growth. I'm referring to specific parts of Central America. Look at the number of citizens leaving the US. Inflation has caused a huge exodus due to taxes and inflation. The data trends are clear. We're also seeing investment bargains in acquiring intellectual properties but people need to understand what they are buying.
why make it difficult when u can buy some braindead trash stock and get way more
Do you think investing in VNQ is smart/equivalent to "real estate"?
No idea
@scooby1961 thanks, i appreciate the response.
I can't believe it''s really SCOOB!!! He still looks the same after all these years!
Thanks and welcome back
Can you and your husband just adopt me? I'll clean the pool.
Lol!
😂
Husband???
Some hard work, self discipline, and time will allow you to be in the same position.
They'll be cleaning out your pool for sure 😅
i absolutely agree with everything you said, and also, in my opinion, everybody should look into nvidia stock, just a friendly advice
Wages don’t match real estate prices. Ai just allows already rich firms to hire their customers as cashiers. Worse, firms raise the price to make more $, then fire consumers to appear even more profitable.
Hi Scooby, why do you set the deadline at 1 Jan, 2029 to withdraw from the stock market? What do you suspect before the inauguration of the new president after Trump? Really love these kind of video’s and would appreciate another deep dive from you on this.
My sell date of jan 1 2029 has nothing to do with presidential terms, its just the fact that I suspect deregulation will be implemented in 2025 during the booming market that will last quite a while. When the market has its first correction, THAT is when deregulation will cause all hell will break loose. I figure selling using DCA starting in Jan 2029 will get me out long before the crash.
That's is. I'm striving to be exactly like you from this point on.
Thanks Scooby for all these valuable informations. What about Gold and Silver? , do you include precious metals in your strategy of investment ?
Thank you for discussing the importance of having an EXIT PLAN because the deregulation is going to lead banks to fail... again.
Its ok to make a bit of money in the euphoric madness but then GET OUT!
Thank you, Peter Zane!
Nichts zu danken!
Great advice. Say you have 100k for either the stock market or a down payment on real estate, which would you choose? Assuming your 401k is topped off as is your Roth IRA.
Depends
hmm, dunno. Deregulation might improve margins for companies but all that tariff BS is going to make a lot of goods way more expensive and people will prioritize their spending. So a number of companies will see less sales, thus less revenue and thus stock prices might go down. Probably depends on the type of company, Apple would be one I think that would suffer greatly under these conditions.
For stock market investing (and exit strategy), would your strategy be the same if investing funds via a tax-benefit account like a Roth IRA? Love the glasses, btw
Scooby, what do you think about REITS in the stock market?
No if its commercial properties. Yes if its 100% residential housing
this guy is so smart, he should make a youtube channel or something and spread the good word of smart investing and affordable housing
Lol :)
Invest in energy. It takes massive amounts of energy to run everything in the modern world and there are only a handful of companies that have the know how and capacity to deliver.
Good advice, always do your research, Trump made me a millionaire in his first term as president via the stock market. Now I’m looking into real estate
We did very well too
Scoob, what about a stock exit strat? Supposing the market is signaling a correction, let alone crash, any value in moving funds into money market to protect some liquidity?
I have no plans to wait for a "signal", it will be too late then. My plan is to get out and into ultra-safe investments like T-Bills or gold.
Question. Your core message is, the stock market will soar, then crash. Invest (or don't) within this basic thesis?
That is my basic thesis. Make huge returns now then put them somewhere VERY safe for the tough times ahead. T-Bills, gold, etc
@@scooby1961Well, you were right getting out of the market in 2020. Thanks.