The best way to get rich - MoneyWeek Videos
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- In this video, Ed Bowsher, MoneyWeek's Digital Editor, looks at historical figures that compare the performance of the stock market to other assets, and tells you the best way to get rich.
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best way to get rich...don't spend money on bullshit
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this is not a good way at all. Better way is to do your own business. Buy stuff from wholesale which is not going to be cheaper any time soon (inflation helps a bit with that). And sell. Buy from wholesale and sell, and sell. And reinvest your profit, as much as you can back to items you are trading. I am not talking about 10~15% per year. I am talking about real profit. Stocks, forex, savings etc., is just money for bankers, fund managers and so. If you want money - do business and forget all this which-crafting.
This is the lazy way to make money.
Business is hard work, need employees, energy, capitol, equipment, buildings etc...
***** if it gives you the right to change something in that business, if you have your voice in that business, then yes. But you have to be one of the main share holders or something..
It also depends heavily on what business your in I have seen some businesses are terrible for getting started in like a franchise. I have talked to my coworker who used to own a store and he could not keep up with a changing prices of food and he ended up in a position where it would be better for him just to sell it and break even. I have also seen a show called undercover boss for fatburger and the only reason the owner survived was because corporate saw how much he was struggling and allowed him to refinance at a lower rate
***** amazing sharing. btw, could u share with us what are the model you use to calculate whether how stock is value at premium or discount?
i agree with you
it's better to get a job or...(in my opinion) invest our money at solar panels and wind generators...that will bring us a good income for sure!
dailyforman
I hear that a lot. If you want to be rich then you should become a successful entrepreneur. Thing is that more than 90% of businesses fail. The ones that do make it AND generate impressive profits (say more than 400K as your annual salary) are very few. You would have a better chance of achieving a similar salary by getting an education and try to become ceo of some company at a fraction of the risk that comes with entrepreneurship.
So just create 10 business(at least on of then must be successful) /jk
If you owe a business, you can get better returns.
To buy rental properties will beat equities anytime.
Why did you buy the property in the first place as this is against your advice? How did your actual returns with Equities compare with those of the property if you sold the property? Thanks. P.s. Needs an update to compare against crypto.
does the property return assuming you have paid cash for property?
So the equities listed do or do not take inflation into account...?
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given equities return is attractive, you have to take into account the risk investors have to face. Government bonds give you low returns they are, in some ways, much safer than equities.
same stories apply for the way you transport. Flight is statistically the safest way to travel, compared to car, train or ship. and it is much quicker as well. However, what are the chances that you will survive if things go wrong ( engine stops, plan crashes etc). when things go wrong for equities ( recent GFC), things were not looking good.
As it pertains to property, this is nonsense. He's basically only taken the relative performance from 2003/4 to 2014, a strongly rising market period to a recovery in the market.
Had he taken say 1997 to 2007 as his ten year snapshot for property, you'd be looking at over 100% growth for most parts of the UK!
These folks always talk down property. Yes it has it's hassles but when done properly, it seems to me it has always outperformed everything else.
WORK, part of my get rich slow scheme.
what if stock market crash like in 2007-2008.. everything wiped out in seconds. I find property is the best in establish market like UK ( specially London & south) .. but it would be a different storey if you invest places like Dubai has no genuine demand but a fake or artificial one
Not sure about the UK market, but if you invested at the worst possible point in 2008, you would still have a profit of around 30% nowadays for the German DAX and 80% for the S&P 500 (including dividends). PROFIT, not what is left over :)
Yeah and what happened after that? 3-4 years later it had all recovered, if your invested in a tracker you still own the same amounts of the companies, they are just worth less.
If anything if your investing regularly a crash that's going to recover is great for you in the long term. It means your regular investments are going to grow more than they were when the market was stable.
2009 saw growths of over 50%
very nice explanation
how does this get so much views?
Because people wanna get rich lol
jayzee lol then this should have a billion views
And gold beats them all. Badly. The longer the period the better it is for gold.
My way of getting rich is not getting rich ever.
i dont understand this.
Real Estate is called Real for a reason.. reverse the order of this person's advice.
neoblackcyptron real estate is good if You have a job for 30 years in the same area and there is a booming economy.
FrekeOne It depends. I have a relative, who has capitalized on the recession in the US to acquire real estate. It was during the bad times 2008 - 2010 when home loan interest rates were at an all time low and houses were being re-possessed by banks. It was a depression that helped. Although knowing the area where the acquisitions are made really helps.
Property as an asset class is the best long term investment. As you can gain rental income during the 10 year period, offsetting your mortgage costs. Even with the current high stamp duty charge, most property is a good long term investment.Shares, ETFs, options, futures are the best short term investments for day traders...
Well.. only if you value risk. Warren Buffet became filthy rich with shares, not real estate.
Would be interesting to have some context on the macroeconomics of the 20yr stock markets performance. Particularly, the extent to which this is owed to financialization and, if so, the sustainability of the neoliberal economic policies behind it. Especially in light of the close shaves we having in 2015 and the last few years of having an economy propped-up by a bubbling property market.
Legendary commentary considering what's happening now in the UK in q4 2022
I agree 100% and it's no surprize that business outperforms static investments.
how do i invest in equity if im not in that branch, makes no sense. should i get another degree so i could invest in equity?
how im going to work and invest?
i would go for property but not just one flat. makes no sense, is this guy even an economist?
best way to make nice money is learning trade during degree education , so you get home after work you go do, idk electrical installation or carpeting or modern day factory job- web design.
ps you cant invest 1000 euros in stock, you need to invest 100k to make some money. bankers just want your fees.
equity is pure gambling and you need to have a lot of money to gamble, they speculate aka gamble.
What? Just put your money in an index tracker and save 20% of your wage each month in that, easy peasy. Your not going to get rich over night but the latter half of your life will be a wealthy one is you invest early enough.
Everyone always wants to get rich quick!
If you want to do that go and invent the next facebook or something
How do you get equities?
What about bitcoin?
is this guy even rich ?
I expected Tim Bennett in this video to succinctly explain the easiest way to rob a bank in 10-15 minutes, in a way that any everyday person could understand just like all of his other videos
I agree with this guy. I'm no longer investing in properties since the stamp duty changes and taxation changes on rental income. I'm buying equities via a pension. Bigger spread of risk, less hassle and better returns.
Nevertheless, property investment is safer and after all an asset that you can touch and feel!
A A right, and you can live on a house, but not on a stock.
ya, until a global pandemic comes along and people start refusing to pay rent!
@Paul. Unlike a stock traded on the stock exchanges, which can lose its entire value, one doesn't lose their house/property to a global pandemic, etc., even if their tenant is unable to pay rent. And coming across a tenant that's unable to pay rent for a period of time is part of the risk associated with property investment, which a property investor is assumed to be prepared for.
Are you rich yet?
He's a landlord so I'm gonna guess yes.
which one is better dividends or equity?????
Your money doubles in almost every 20 years, if you invest long term in stocks. How many lives do you think you need to be rich?
One, make smart investments and work your ass of as you continue to grow your income and investments. What were u thinking ? Put in $1000 investment, seat back and wait for it to become $1mil ?? Sure that’ll take approximately 100 yrs
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He has to first show us his wealth, then i will watch. otherwise GTH
what a terrible attitude, learn to keep an open mind dickhead.
*_Past results are no guarantee of future performance_*
What about gold? I mean pure gold.
Manzoor Hussain One gram of pure gold has a worth of $50.80/£32.56.
+Stephen Tracey What if you make a museum of gold and charge for entry?
Gold doesn't make you money! It's a safe investment but long term won't make you much cash.
dailyforman
I hear that a lot. If you want to be rich then you should become a successful entrepreneur. Thing is that more than 90% of businesses fail. The ones that do make it AND generate impressive profits (say more than 400K as your annual salary) are very few. You would have a better chance of achieving a similar salary by getting an education and try to become ceo of some company at a fraction of the risk that comes with entrepreneurship.
Deposits on houses... Buy to let, fixed interest rate. Use the rent to cover the mortgage and after 25 years let's say, you have a house effectively for free. House price rises, pay capital gains on that, and you basically have a house worth more than it used to be by only paying the deposit...
anything that can be explained in a few sentences is usually riddled with problems. First of all you'll still need to pay rent yourself for the place you will be living at, secondly there are other costs involved in being a landlord such as service charges, ground rent, maintenance, red tape etc.
wunademones My cousin had good credit, and a decent amount of money saved up. She bought a large house, lives in it, and rents parts of it to other people. It was a good deal on the house, and the rent collected covers the mortgage.
There are of course other expenses, and she of course is footing the bill. But if its worth the hassle, and its an investment your capable to make. I've seen it work well for people.
But I do agree doing this blindly, could easily lead to disaster. There's no free lunch, it does take work, and effort. The right property, at the right time, with decent enough renters. And the knowledge that you have to be able to foot unexpected expenses. If I was in the same boat as her, I'd make the same investment. I'm not, so its a bad idea.
Best place to rent out a house, near a boarding school, or near a uni campus for student housing. For uni, you can charge per tennant, and that will easily cover all bills and all unexpected ones. E.g there are 5 living in mine at 300 a month. The house is tiny and can't be worth more than £150K. The mortgage will be small, so it's a great investment. I'm not saying the sm Is bad, but unless you're investing in forward stocks and above the trend rate you're better off keeping your money in long term assets as opposed to more liquid assets
I'd never rent to students in the UK. I watched that reality TV show The Young Ones and they were the worst tenants ever.
First thing is to own the flat you live in so do not have to pay rent or mortgage.
Not always.. you may want to have cash to invest in the stock market. If you can make more money with that, why buying a house?
I'm finding this difficult to understand. My house in London has gone up in value very nearly a 1000% in the last 20 years.
Richard Allfrey He was talking in the last 10 years.
But what was your maintenance cost and all other expenses related to investiong into the house and what was the inflation rate? Also your house price might have increased 1000%, but not the real value, since it is easier for people to get the amount of money it costs now than it was 20 years ago. Just compare salaries now and back then. Also if you invested for example in stocks, there woud be virtually no expenses. and probably those stocks would be worth more than the house now minus all the money that you spend on it. So ofcourse it is hard to understand for you since you are not very smart person.
I don't know any indivual stock that rose by 1000% except in a bubble. Stock trading does entail significant costs too.
@@milzijex7340 He said in 20 years. Many stocks rise 5000% in 10 years.
I agree entirely. I bought my house in N. Virginia (USA) in 1978 for $50,000. It is now worth approximately $300,000. At the same time, I invested $30,000 in a stock and bond portfolio that is now worth more than $2 million (admittedly, adding to it on occasion). Another alternative is rental housing. But that involves the hassle of maintenance, periods of time when the housing is vacant, etc. Starting a business is also fine, but 80 percent of new businesses fail and while you are starting this business you probably are putting all your money into the business and not contributing to your retirement accounts.
PROPERTY HAS DONE VERY GOOD FOR ME. JUST IN 6 YEARS I OWN A PROPERTY.
what about the fama french 3 factor model?
I would urge everyone to disregard what he said. If you want to get rich you should invest in cryptocurreny. It's a completely safe new innovative asset. It guarantees you returns without any downside. Works best when you dont diversify. You're welcome!
Stupid..
@@weewwolf7781 lmfao your comment didn't age well man
It depends how good the stock is that you buy. One of my stocks is up 300% in a few months which is a pretty good return.
+Blind Chickens For Sale you can't go down more than 100% ;)
I have no idea about investing (thats why Im watching all these videos), so forgive me for asking this question. Can an American invest in other international stocks and vice versa?
Yes, talk to your local broker about it. I'm sur ethere will be some tax regs to comply to. I'm in the UK so not 100% on your case.
If your just a=starting out investing and have $0 so far I would recommend openeing an Investment Account which tracks a given market. For exaple the DOW500 or FTSE250. This gives you exposure to hundereds of companies and is often much cheaper than investing in actual stock. Watch out for manager fees though! Don't buy into anything over 1%.