How To Invest For Maximum Returns // 10 Tips
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
- ► Try Playbook - Develop Your Most Tax-Efficient Investment Strategy: www.helloplaybook.com/taekim
Disclaimer: Tae Kim was paid a flat fee for producing this endorsement of Playbook and is also paid a flat fee for each successful referral to Herring RIA Sub, LLC ("Playbook") made through our links. Tae Kim is not a Playbook client. There is no guarantee that clients will have similar experiences or success.
Timecodes:
0:00 - Intro
0:06 - Maximize Tax-Advantaged Accounts
1:54 - Invest Tax Efficiently
3:14 - Try Playbook
4:36 - Avoid Individual Stocks
6:16 - Diversify
8:05 - Do Not Chase Returns
10:08 - FREE 1-Page PDF
10:18 - Stop Moving Money Around
11:18 - Reinvest Dividends
12:12 - Just Keep Buying
13:10 - Minimize Investment Expenses
15:01 - Wait
► Download Your FREE PDF 1-Page Companion Guide - How To Invest For Maximum Returns // 10 Tips: www.financialtortoise.com/how...
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► Try Playbook - Develop Your Most Tax-Efficient Investment Strategy: www.helloplaybook.com/taekim
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
'Tenley Megan Amerson' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume
You're one of the only youtubers who I actively rewind sections of your video due to your videos being so beneficial and insightful
As a person who has been investing for 20 years in the markets and has done all the stupid things you could ever imagine, this is the only advise you need to build wealth.
Agree
Probably your best video.. I’ve been doing basically all of these for years. Glad to know my steady and slow “pot luck” investing style isn’t crazy.
You Americans are so lucky with your tax-deferred accounts like Roth IRA or 401k. As a European investor, I have to pay tax on every single dividend payment, 35% tax in the country I live in . We have no tax-deferred accounts. Everything sits on taxable brokerage accounts. You see how much easier wealth generation is for you folks on the other side of the big pond.
You guys vote for commies I guess.
You people also work a lot less. I was surprised at what time and gaps restaurants in general would open/close. Hard work isn’t a thing there.
@@JM-kv2kn No no, we're just much more efficient. I've been working in American companies almost my entire career, and the level of unproductivity, lack of pragmatism and useless bureaucracy there is unbelievable. Americans love to talk about work and how tasks should be done. When they finally start working, we Europeans are already done with it and start our evenings where we certainly don't check our e-mails anymore.
Fight!
@@christophdenner8878funny as we say the same about you!
Just invest in good companies with solid fundamentals... I've been doing it for 20 years, and I've beat the market 80% of the years since. It's not that complicated.
Our current focus is to keep us in the 12% federal tax bracket For the next 9 years. Living minimally only purchasing unique experiences and interesting classes has kept us joyful.
It is important to understand the impact or "Required Minimum Distribution" from regular IRA's and balancing your retirement between that and Roth's. I will eventually be forced to take more than I like out of my regular IRA which will may push me into a higher tax bracket than when I put the money into the accounts. I wish I had been investing in the 401K up to the company match, then going to the Roth IRA limit, followed by returning to my 401K.
A video that will age well through the test of time. Thank you
Great content!
Please make a video regarding how to balance investing in a taxable brokerage account versus retirement accounts when someone is aiming to retire around 45-50 or so.
That would be a great subject, as I’m wondering it too for retirement around 50. I’ve see that for people of regular retirement 67 they begin with ETFs(s&p500) then transition to less risky like bonds & mutual funds to have a good percentage of each like a 70/30.
Good luck on your journey to early retirement, hopefully he makes a video touching on this.
Great info 👍 👌 👏
The amazing hair helps. Thanks for helping peeps.
Are you opposed to using brokerage apps like Robinhood, WeBull, and other similar apps that aren't VanGuard/Fidelity/Charles Schwaab?
Also, are you on board with ETF's, or do you prefer sticking with index funds?
Great information thank you! I want you to succeed, which is why I’d just like to make you aware of this one issue. When you end your sentences with an inflection (higher pitch) it makes your statements sound like questions. This makes you sound less sure of what you’re saying. Just end with either the same pitch or lower and you’ll automatically be speaking with more confidence and authority on the subject and people will perceive you as more of an expert. 👍
Yes Tae you do have some rocking hair!!😂
Hello Brother Tae Kim , could you create a new video teach us about Asset Structuring Concept using Traditional Whole Life Insurance during face to face meeting and phone call with the prospect ?
Thank you
🙏👍
was that you i saw in the pic that Carl and Doug posted on the recent MILE HIGH FI podcast from ECONOME ?
What are the s&p 500 and total stock market equivalent stocks in E*Trade?
...some random guy on youtube with amazing hair...😆
Tae, Eugene Fama won the Nobel Prize for the Efficient Market Hypothesis, which underpins your approach to using broad-market index funds. Fama later wrote a paper showing that small-cap value exposure would provide a return kicker to broad-market index funds. (There is also a five-factor model.) So why don't you advocate for exposure to small-cap value funds?
Yessss the hair is amazing
As they say, time in the market beats timing the market
Other than my efund and 401k, I've mostly stuck to CD's. Are you saying that I'd be better from a tax perspective to invest in a low risk, fixed income category in an IRA?
NOT FINANCIAL ADVICE, but your question may raise more portfolio allocation questions than tax location. BUT to answer your question directly, fixed income products like bonds and CDs pay ordinary income. You pay tax on the money you earn in the year you earn it even if you are not using the money today to live on and you are not getting a preferred rate. That creates tax drag on your portfolio if you are just rolling CDs as they mature. So keeping your fixed income allocation in a tax deferred account (401k/IRA) will eliminate that tax drag as you don't pay any tax untill you take distributions from the account.
Don't take advice from a random commenter on a TH-cam video and if you are a retired person taking distributions from your 401k the tax effects of holding your cash in a CD will be diminimis if that is money you are living on. If you are not old enough to take distributions from a retirement account you do not want cash you may need in that tax deferred account. If you may need the money short term (3 to 5 years) by all means keep it in a CD or high yield savings. If you don't need the money short term why is it in a CD and not a broad market index fund in a taxable brokerage account? Based on your question I wonder if your asset allocation between fixed income and equities is appropriate for your age and financial goals.
Portfolio Management Guidelines:
1. Diversify to eliminate unsystematic risk. A broad-based index fund handles this need.
2. Keep expenses low. Broad-based index funds have very low expenses.
3. Pay attention to taxes. Since there is very little portfolio turnover, a broad-based index fund generates very little in the way of taxes.
Most people will have all of their investments in tax-advantaged accounts, so they don't have to worry about #3. If you earn enough that you have to put money into taxable accounts, then Lucky You.
Good advice. My reason for having a regular brokerage account is that I don't want to wait until I'm 59.5 to start withdrawing as a plan on retiring early. I guess I'm hurting myself by not just waiting it out and saving on the tax dollars by putting it all into my 401k through work. But I'm reinvesting everything back into my funds. I still see how there are taxes though. Uncle Sam will get his either way.
Since we are debt free We do spend 1% of our income on speculative moon shot investments. Of course, 99% end up complete dogs but 1% actually make it, we bought 15 shares of VKTX and CPRX when they were pretty much penny stocks so we caught their big growth. We don’t invest in them further we just enjoy watching them. It is more fun doing this each month and we spend the same amount as going to a movie. We figure this is like gambling with $40 a month. We NEVER spend more than the $40 budget.
When the market goes down 20 percent it is down and a good time to buy in tranches. There is a market cycle.
For the algorithm.
Almost every TH-cam post right now is about how to invest this or how to invest that. Do people actually make real money from this or is this some sort of ponzi scheme?
Yeah, people actually make much from the market, although they usually have more expertise than average, or they use experts i.e hedge funds or fin.advisers. There's a goldmine in the market and that's why almost every rich person buys into it one way or another.
True... I've been using an FA since covid and I'm stunned that most people don't use this but prefer "gambling" and complaining they lost their money... I made close to a grand last year and I know next to nothing on the matter...
been considering this for a while. where and how can I get a good one please.
You should start by looking out for those from known firms and good track records... You should also make sure the person is licensed... Personally, I use Kelly Matwick. She's good and you could also look her up...
it's an approved ponzi scheme😂
What are some examples of mutual funds that Dave Ramsey encourage us to invest in. Thank you
this guys hair is immaculate. guide?? 😻
VTI and chill?
You are transitioning into the Korean version of Kid from kid n play.
Blockbusters. Lol
Lol, how do you maximize returns? Don't chase returns
How do you chase returns?
@@iansony4787 hello are your returns running well you better go catch them lol
This is one of the most important tips of the video. People who chase will have the habit of constantly moving and selling. Buying high after a runup. Selling before it makes a run. Learning the psychology of investing is well advised. Read Trading in the Zone by Mark Douglas.
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just buy Bitcoin
Title: “…Maximum Returns”
8:05: “Don’t chase returns”
That is intentional and true. If you constantly chase the dragon of getting the most out of your money, you will almost always lose. After all, the axiom that unmanaged funds outperform managed funds is further reinforced every single day.
Just invest in any broad market strategy without concern for where the market is or may go and you'll outperform the version of you that holds on to money trying to time the market.
Investing anywhere other than bitcoin during these early adoption years is inefficient 😉 dollars will never be profits for satoshis
I’ll have to check your Play📕 link out to figure my strategy. 38yo hoping to retire in 10-12yrs in Mexico🇲🇽. Most of my money is in company 401k(75%) and rest in Vanguard VFIAX(25%). I wouldn’t be able to touch 401k until 59.5yrs old so proceed from brokerage account would have to hold me over till then or start a Roth now. Seems like I’ll have to dump most of the 💵 into after tax accounts since 401k should grow to good amount regardless.
Insightful video that helped me figure out some things, thanks.
I am 34 years old, I max my 401k, Roth IRA. and HSA every year, and some in brokerage I still feel like I am not doing enough. I only have about 380k in all those investments, but feel behind compared to alot of people. I really want to retire at 50, but it doesnt seem like it.
Another question, what's your life goal? This likely involves taking money out of your investment and using it.