I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life
YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia
Could you do a video on how safe you consider an annuity as an investment, compared to stocks, bonds, bank CDs, money markets? I know it’s a general question with lots of variables, but my advisor is proposing companies I have never heard of? Not sure how safe of an investment in the long term?
I totally get it. I started in my company's 401-k plan at age 21. That was in 1980. 65 now, still working at a job I love, not collecting social security yet. I remember the first quarter of 2020 I lost $57k. I didn't panic as it always eventually comes back. The next quarter I made $90k. So in 6 months I made a net of $33k. I'll take that every time. Great Video!
I’m not worried about my retirement. I’ve been retired for 4 years and have 5 more to go to reach 70 and start Social Security. My wife and I budget 60,000 each year and $40,000 of this pays all of our bills. No mortgage or other debts. We have $20,000 as a yearly travel budget but if we needed to we could just stay home and live all in for $40,000. If that happened, we would make a game out of seeing how we could cut our budget . Life is great if you have the right attitude!
So as of now, the end of May 2024 and markets are at an all time high and our financial plan says we have a 95% chance of success what that really means is the chance of success is much lower. Since we have had a nice bull run of late we should not expect it to continue.
Josh I think your mistaken how you described the mean and standard deviation … a mean of 5% with a standard deviation of 10% would mean the 5% would go as high as 10% or low as 0% NOT +/- 10%… the standard deviation is the total deviation around the mean, it’s not plus of minus from the mean.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
It depends. A money manager went line by line with me and we were just under that. A bit disappointed because I was looking at 5k a month from SS, and plan to live just on that. The money manager was assuming I was debt free, as I plan to be.
you are planning on living on $5k a month SS? Then you would have to have been a high earner, over $150k a year. Where is all the money you made over the yrs? Didn’t save/invest a dime? Blow it all on cheap women, fast cars and expensive booze? P.S. no one collects $5k a month on SS
@@markdavis1116 that’s where you are wrong buckethead. Didn’t say I didn’t have other money. Said I plan on living only on SS mine will be over 3k a month when I retire in under 2 years. My wife is already getting over $1800. Last I looked that equals 5k a month. And no I was not a big earner you won’t see any 6 figure income or even what I would call a high 5 figure income in my 50 year history.
Great advice. I have enough cash for several years so I can sleep at nite. But I am old school conservative. I am so old school that if I ran the numbers and only had a chance of 80% success I would choose to work another year or two and save like crazy.
What this channel shows it that mindset is what the majority have been trained on and is due to wrong information and costs people a large number of years of remaining healthy life which they overestimate as they do the amount of money they will need in retirement. Billions keep saying the same thing "just a few more years just to be safe or one more year, just one more year". Most of them will live much fewer years than they expect.
When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Josh I appreciate that you are trying to give context to what is happening right now. Obviously you can alter to some extent to investments along the way. And I get your point as we are looking her plan at this point within the current markets.
We're not close to the bottom Josh. When stocks are down 80% and we have 50% unemployment with 15% inflation (if we're lucky and dont go hyper) we may be close to a bottom - whats coming will be a global economic reset - we have exhausted the current debt cycle and all you have to do to see it is look around the developed world to see the signs. A.I. MAY save us but I doubt it - TPTB need a big enough crisis to introduce CBDC and get everyone to accept it. I hope to God Im wrong, I truly do, but I think that is our likely course. Im sure you have but if you have not go Strauss and Howe's "4th Turning" and read David Webbs book "The Great Taking" - the latter is not conspiracy it can all be fact checked and its been planned for a very long time. The question you have to REALLY ask Josh - and think hard about it - is what is going to drive this growth you are talking about in this video - it wont be credit expansion, it wont be rising employment with rising wages...
You cannot time the market- you must always take worse case scenarios when considering retirement. The person you are referencing has a mortgage, not a good start - vacations in which she has little cash reserve, you are playing with different market expectations which is just plain dumb.
![ปฏิเสธไม่ไหว (Crush on you) - LIPTA feat. No One Else [TEASER MV]](http://i.ytimg.com/vi/VC689EgdSIw/mqdefault.jpg)
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life
YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia
This Woman has really change the life of many people from different countries and am a testimony of her trading platform .
Could you do a video on how safe you consider an annuity as an investment, compared to stocks, bonds, bank CDs, money markets? I know it’s a general question with lots of variables, but my advisor is proposing companies I have never heard of? Not sure how safe of an investment in the long term?
I totally get it. I started in my company's 401-k plan at age 21. That was in 1980. 65 now, still working at a job I love, not collecting social security yet. I remember the first quarter of 2020 I lost $57k. I didn't panic as it always eventually comes back. The next quarter I made $90k. So in 6 months I made a net of $33k. I'll take that every time. Great Video!
I’m not worried about my retirement. I’ve been retired for 4 years and have 5 more to go to reach 70 and start Social Security. My wife and I budget 60,000 each year and $40,000 of this pays all of our bills. No mortgage or other debts. We have $20,000 as a yearly travel budget but if we needed to we could just stay home and live all in for $40,000. If that happened, we would make a game out of seeing how we could cut our budget . Life is great if you have the right attitude!
And the right person to share it with
@@Holmart524amen!
So as of now, the end of May 2024 and markets are at an all time high and our financial plan says we have a 95% chance of success what that really means is the chance of success is much lower. Since we have had a nice bull run of late we should not expect it to continue.
I assume this another repost without identifying it as a repost.
:le shrug:
Josh I think your mistaken how you described the mean and standard deviation … a mean of 5% with a standard deviation of 10% would mean the 5% would go as high as 10% or low as 0% NOT +/- 10%… the standard deviation is the total deviation around the mean, it’s not plus of minus from the mean.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
With no mortgage, 6k in living expenses in retirement still seems high to me.
It all depends on specific scenarios. What works for you might not work for me.
Some people love to waste money and be lavish to impress others and have no self control.
It depends. A money manager went line by line with me and we were just under that. A bit disappointed because I was looking at 5k a month from SS, and plan to live just on that.
The money manager was assuming I was debt free, as I plan to be.
you are planning on living on $5k a month SS? Then you would have to have been a high earner, over $150k a year. Where is all the money you made over the yrs? Didn’t save/invest a dime? Blow it all on cheap women, fast cars and expensive booze? P.S. no one collects $5k a month on SS
@@markdavis1116 that’s where you are wrong buckethead.
Didn’t say I didn’t have other money. Said I plan on living only on SS mine will be over 3k a month when I retire in under 2 years. My wife is already getting over $1800.
Last I looked that equals 5k a month.
And no I was not a big earner you won’t see any 6 figure income or even what I would call a high 5 figure income in my 50 year history.
Great advice. I have enough cash for several years so I can sleep at nite. But I am old school conservative. I am so old school that if I ran the numbers and only had a chance of 80% success I would choose to work another year or two and save like crazy.
What this channel shows it that mindset is what the majority have been trained on and is due to wrong information and costs people a large number of years of remaining healthy life which they overestimate as they do the amount of money they will need in retirement. Billions keep saying the same thing "just a few more years just to be safe or one more year, just one more year". Most of them will live much fewer years than they expect.
(Repost)
Using a 2020 video still encouraged me to approach this market just a bit differently.
can you be well prepared next time? waste so much time.
Thank great video
When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Josh I appreciate that you are trying to give context to what is happening right now. Obviously you can alter to some extent to investments along the way. And I get your point as we are looking her plan at this point within the current markets.
We're not close to the bottom Josh. When stocks are down 80% and we have 50% unemployment with 15% inflation (if we're lucky and dont go hyper) we may be close to a bottom - whats coming will be a global economic reset - we have exhausted the current debt cycle and all you have to do to see it is look around the developed world to see the signs. A.I. MAY save us but I doubt it - TPTB need a big enough crisis to introduce CBDC and get everyone to accept it. I hope to God Im wrong, I truly do, but I think that is our likely course. Im sure you have but if you have not go Strauss and Howe's "4th Turning" and read David Webbs book "The Great Taking" - the latter is not conspiracy it can all be fact checked and its been planned for a very long time.
The question you have to REALLY ask Josh - and think hard about it - is what is going to drive this growth you are talking about in this video - it wont be credit expansion, it wont be rising employment with rising wages...
If that is the scenario you predict, then I assume your investment strategy is firearms, ammo, and food. Somewhere out in the boonies.
@@markdavis1116 youre not far from the mark though I am a bit more diversified
“We’re already down 33%”. (The market) Ugh, is this a yet another repost video without declaring it in the title?
So? Don't watch him anymore.
@@mmabagain I don’t when he declares it a “Repost” in the title, which he normally does!
Otherwise I watch almost all his fresh content.
@M22Research Isn't everything on this channel a repost aside from a few 'shorts'?
You cannot time the market- you must always take worse case scenarios when considering retirement. The person you are referencing has a mortgage, not a good start - vacations in which she has little cash reserve, you are playing with different market expectations which is just plain dumb.
autocorrelation ftw