My Best Money Moves in 2024
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- เผยแพร่เมื่อ 11 ก.ค. 2024
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Looking back in 2023 and 2024, there are several things that contributed to my net worth gains. I moved my money when I see an opportunity and the 3% match on retirement accounts was a banger. My primary residence, retirement and brokerage appreciation, and 1099 and W2 income all contributed significantly.
In terms of losses you could say Dogecoin was a bit of a loss or sort of a huge roller coaster ride. It still made money but it was insane. Buying the Tesla Model 3 Performance was both good and bad. It gave a good perspective into the value of a Tesla car by understanding the build quality, FSD, and what it is really like owning the car giving valuable insight into the stock. The bad part is the depreciation of nearly $10k/year going from $72 value down to about $30 now. Ouch.
#moneymoves #moneymoves2024 #wheretoinvest #investing
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Aren’t these fintech companies under the microscope because of Yotta right now?
Yes, if Robinhood turns out bust like Yotta, Francis will have to work W-2 Form.
2023 and 2024 has been very good financially to us. Pretty humbling when you know others are not as fortunate in these current times.
I’m not trusting robinhood with my retirement accounts.
Thanks for the update! Those videos are greatly appreciated.
I don't trust Robinhood. I don't think it will end well.
thank you !
good to see u doing well
I am still sitting on the popular tech stocks that I bought in April 2020. I was hoarding up cash at the time for another house and decided to bet the farm during the huge downturn sale on stay at home Tech companies. Amazon, Apple, Meta, Google.
good old fidelity - also pays 5% on my uninvested cash... this way if i get lazy to buy Tbills - - i;m at least getting the 5% -- - granted - no state tax savings... i do like that savings at tax time
I agree with you. People are crazy in my opinion to trust robinhood with their retirement accounts.
@@JoeSmoeDoeLow Agree
Thank you for sharing your investments. I know you posted a video awhile back saying you were hesitant.
Thanks brotha! Awesome video 😎👍
Also, don't you need a lawyer and/accountant to make sure the financial instruments are not too corrupt or dangerous. Contracts are everything.
People that hate on your dogecoin investment need to understand like you explained. There is no gain or loss until a point of sale.
They sent me the 3% deal and the gold thing, but the issue is that would create a 'single point of failure'. Better diverse on multiple platforms and channels.
Diversification does not mean multiple platforms/channels
I started doing covered calls this year I have yielded 16% from the principle and another 1.9% in dividends I messed up for the last dividend payout i didnt get a thr full payout I should have.
When you move to Asia in 2025, how fast can you sell your house and convert the proceeds into investments? How are taxes handled? Cheers!
He needs to get married first so he can have that 500,000 gains exception 🙂
Good insight .
Sometimes the market moves 1-2% in a single day. Not to mention the lag time between the markets and having to do the transfer. It's probably likely many people lost money moving to robinhood.
The first thing out of his mouth is to promote Robinhood instead of providing me valuable information the title of the video promised. Needless to say, I won’t be watching the rest of the video or subscribing.
he's not getting much views on his videos, and the subject matter of his videos aren't educating only talking about himself.
Who are you leaving your assets to when you pass away?
I love your channel, your energy and absolutely admire what you have got going. But these investment perspectives are awful.
You didnt convey dollar amount in stock which does not tell me much but i understand its too much transparency. Its also bad luck
i converted some of my stocks and all of my alt coins into bitcoin about a year ago and I'm still happy with that decision
You're in California. Why not invest in USFR instead of using Robinhood cash?
I like that. Thanks for the tip. Robinhood also has some deal for new deposits of 1% interest boost paid out over 24 months. So you would get 6% effective if you leave it in.
@@BeatTheBush That is a good deal, however it's being taxed at a much higher rate than USFR. Plus, USFR has the advantage of being held in any brokerage account.
You will be featured in tomorrow's video. Thanks for the tip!
@@BeatTheBush Cool!
Yo
you beat me to first comment!
You should sell your home and move to Tennessee. You could buy a nice home here free and clear and put a lot of the rest in your investment account. Cost of living is much better here.
COL is just one consideration. I moved from NC to Seattle, which most people would say is more expensive. But I don't need a car here. We share a car, but we only drive it when we leave town every couple of months or so. Therefore, I never buy gas and the actual wear and tear on the car is nil. This means my actual COL is within a couple hundred dollars per month of where I lived in NC. Amazing how much cars really cost without people realizing it. Additionally, I have tons of recreational opps that are entirely free because I can bike to them, or if I want I can often ride transit there. Scenery is probably the best of any city in the US, maybe the world. And it's just so nice never having to drive. I also never have to see Trump flags. There are well documented downsides like homelessness and drug use, but I don’t find these things affect my everyday life much, and most of the negative press is from people who don't live there and probably have a culture war agenda. Bottom line is that TN and NC are great options for a lot of folks. But for someone like me, there are big upsides to living in a big west coast city, and it isn't necessarily as expensive as ppl think once you adjust out car expenses.
When moving to a new state, you still have to consider many things like weather, people, and food options. I never been to Tennessee though.
Tennessee doesn't have a state income tax , which is a huge savings.
And a beautiful State.
You will committ harakiri because no asian food option there @@BeatTheBush
@@BeatTheBushyou should at least visit. It's crazy how frugal you are about certain things but are willing to lose tens of thousands a year to taxes
a car is not an investment
It's not. It was included as part of Net Worth.
Stupid video entice you trying to tell you what he's investing in and then goes on not to tell you what he's investing in...click bait lame!