Why You Should Invest TODAY
ฝัง
- เผยแพร่เมื่อ 22 ม.ค. 2024
- 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
![[TH] 2024 PMSL SEA W1D4 | Summer | ละเอียดทุกเม็ด เพื่อเข้าไปเก็บคะแนน](http://i.ytimg.com/vi/W6i3u5r1Vbw/mqdefault.jpg)
![[TH]FFWS SEA Spring 2024 Knockout Stage - Day 16](http://i.ytimg.com/vi/jpvPyp7LESA/mqdefault.jpg)
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
The professional that guides me is Linda Aretha Reeves, she isn't hard to find, just look her up you'll find her web page
out of curiosity i looked Linda up and she seems so proficient, i'm hoping she will help me attain financial freedom
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Melissa Maureen Ward 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.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months, what am i doing wrong?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Laila artine kassardjian' is the licensed coach 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 Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I read from Warren that investors should focus on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
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.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
ELISSE LAPARCHE EWING 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..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and it’s been stagnant, I would greatly appreciate any other suggestions.
The market has gone berserk! irrespective of experience level, everyone needs a sort of coach at some point to thrive forward.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple of summers back after my lengthy financial setback, I needed a good boost to help my business stay afloat hence I researched for licensed advisors and came across someone of due diligence who helped a lot to grow my reserve notwithstanding inflation to over half a million dollars.
Impressive can you share more info?
Melissa Maureen Ward 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.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
As an enthusiast, I often wonder how top level investors are able to become millionaires off investing. I’ve over $140,000 equity from a home sale, is it a good time to buy into stocks or do I wait for another opportunity?
I got into stocks few years ago and my candid advice for a newbie like you is to seek help from market experts rather than TH-camrs.
@@DanielPanuzi It's gotten especially difficult since the pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now
@@Higuannn Sounds interesting! Mind sharing details of your advisor please? I'm looking at putting money into stocks and assets. I'm old enough to know that someone with experience would be very helpful.
@@hullbruce Sure, the likes of the popular lady Alicia Estela Cabouli does a good job. Just research the name. You’d find necessary details on the web to set up an appointment.
@@Angelavaldess Just looked up her full name on my browser and found her site without sweat, over 15 years of experience is certainly striking! very much appreciate it
Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
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.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Viviana Marisa Coelho 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..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Antonio Joel. A widely known crypto consultant
I started working with Antonio Joel back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Yeah Joel Antonio signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.
i just want to use this opportunity to say a very big thank's to Antonio Joel . and his Strategy, he changed my life.
Blcktken300 will blow up at any moment 😥
Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.
I have been making a lot profit through real estate which has been the main source of my income.
I’m interested I want to move to real estate investment can you help me ?.
Sounds great! please I will appreciate your assistance on how to go about it, who's your coach and how good is your coach?
STEPHINE KOPP MEEKS is who i work with look her
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True, 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.
@@WilliamRosser487
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@JustinWitt07 Rebecca Charlotte Craig 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 57, and earn nothing less $250k per year, but nothing to show for it yet.
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
Thanks for the info, i found her website and sent a message hopefully she replies soon.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Evelyn Alicia Schoenholtz' is the licensed coach 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 Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
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.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
Congratulations, do you mind sharing how you did it...
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Adolf Heinz. A widely known crypto consultant
I've come across this name before, is he really reliable?
Wow!, I'm surprised you trade with Adolf Heinz, he's the best at what he does.
Need more Blcktken300 content. Converted my ETH to BTC but kept my Blcktken300
Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 3.4%.
That's amazing! Given my failing portfolio, I could really use this manager's abilities. Who exactly has authority over you?
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.
How is your portfolio losing gains every day when the indexes (DJI, S&P-500, NASDAQ) are hitting all time highs and interest rates are decent? Is your asset allocation not optimized?
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Mary Terese Singh is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I appreciate this share. I set up a call with her and I am keen on getting to talk to her particularly. Lady looks really great though even with the exams and other stuff.
With around £120k invested in Tsla stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining even in a bulll market.
’Aileen Gertrude Tippy’ You can easily look her up, she has years of financiaI market experience.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
I am hoping, being conservative today is netting you 9%.... to me that is at a all time high.
I agree with Ramsey entirely. Quit the procrastination and take a more serious approach to living a life that will change for the better. I began regularly investing at 34. I have over $2.3 million in my retirement account as a 52-year-old. My only regret is not starting sooner, even though I constantly rely on my CFP. I value those extra years even though they may not seem like much.
Nice one old timer. I am on the same path and It's not even that hard to do. Too rigorous for newbies, maybe, but thats why its advisable to consuIt with good a market strategst.
Agreed. I deal with an investment advisor for this reason. I currently have over $900k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.
@josephbush May I know the name of the advsor who has been assisting you, please?
She's known as 'Heather Lee Larioni'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Just reached out to her since I need all the assistance I can get. I just scheduled a caII. Thanks a lot
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas
At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
*Natalie Marie Gentry* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Only..? That's a huge amount!!! You could keep $10,000-25,000 in a compound interest savings account for emergency/misc use, then put the rest into a brokerage account/401K($475,000) and max out an IRA($7,000) each year. Easy. If you will be working for another 10 years, you'll have $1M, plus Social Security to retire on.
Great video! I really do have a question. For someone with less than $300,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True, 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.
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?
NYCOLE CHRISTINA VANNATA 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.
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?
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
NATALIE ANN BRINKMAN 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 so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Let's discuss the Blcktken300 guys. This is failproof and barely any asset can be labelled failproof at all.
I'm curious what your opinion is on the Fed's use of political subterfuge to want to convince us that the interest rate needs to be cut despite the increase in job stats? Should I stay in the market? I've gained more than 80% since the earning season.
It's true the market is not rational, but on average, market forces will often push stocks toward the direction reflected by economic parameters. I suggest you keep doing what you're doing. An expert could also help you keep a more watchful eye on the trajectory of things.
Yes, you are right. Things could take an acute turn, so you do need a watchful eye. I had similar experience in 2020-2021. I got too relaxed, but when the bear season came, I dropped significantly. Since then I've relied on an FA to do most of the market research, and it's provided significant hedge and profit for me.
I think most people want to try out a financial advisor, but the amount of information on the internet is overwhelming. Could recommend any good one(s)?
Yes, it feels overwhelming when you are starting out, but with time you'll find your foot. I suggest sticking with one who understands goals. I'll personally recommend Sharon Louise Count because I work with her and you could check her website out, but I'm sure there are other good ones, too.
Someone said the optimum time for a financial breakthrough is now, especially with inflation at a four-decade high. I have about $250k in my portfolio that is stagnating and needs to increase. What is the greatest strategy to capitalise on this downturn?
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.
Maria Leticia Monroe 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..
Buy a Bible.
Stuff your money in your mattress before you ever give it to someone recommended in a youtube SCAM.
Fake account
The current economy is unnecessarily tougher for some most people, myself included. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market. Plus inflation is already catching up with my $310k portfolio. I’m really worried about survival after retirement.
The government has let us down; just buy gold.
Its best you seek help from an expert. Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just $17,000 short of having half a million dollar portfollo.
think you could suggest any professional/advisors i can get on the phone with?
Debra Ella Nicholas is the certified coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
the CFP is Debra Ella Nicholas, very superb at what she does. Debra maintains an online presence, you look Debra up. `
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market,
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
referral please
The person I work with is Julia Hope marble You may have heard of her. She's a big Wall Street name. You could look her up on the internet yourself.
People need to care less about what the market does short-term and care more about what it does long-term.
💯💯💯
Even if you're 70 years old?
Most don't have that mindset or patience.
@@unclebenny Sure, on average if you reach age 70, you'll live to be 85. If I was 70, I'd rather be guaranteed the next 15 years average 7% than the next year gets 15%.
@@emoney9931 I see. The market always goes up, I forgot. How old were you during the GFC in 2008-2012?
I learned a lot of things from Mr.Ramsey and his crew,I payed my debts which I payed 7 credit cards I have and payed it all To zero balances.Thank you so much Mr.Dave Ramsey And to Your crew!!!!
investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myselfMay I ask which investments are good? I've been looking at a few different ones but want others' opinions as well.
how do I get in touch with the adviser i really need a help..
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. .
I began investing in 1975 when I got my first job. I had an IRA that I would max out every year. I later in the 1990's got a 401k that I would put 10% of my income into. I also bought some stocks that pay dividends like UPS and Home Depot, etc. I am 66 years old today and I am a millionaire.
*Me in 20 years*
But but I want to be rich now 😢
I don't exactly want to wait till the end of my life to be financially free but I get it
Big baller !!!
@@nwee5758 you have to. Unless you're really lucky, or, you're really lucky
Watched to the end and I totally agree. I didn't begin saving consistently until I was 38. I am 55 today with over $3.5 million in my retirement nest fund, because my CFP's meticulous oversight is reliable. My one regret is not starting early enough. Those extra years may not seem like much, but they are crucial to me.
Congrats on the win man! I am on the same path and It's not even that hard to do. Too rigorous for newbies, maybe, but thats why its advisable to consuIt with good a market strategst.
Agreed. This is why I work with an investment advlsor. I currently have over $800k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. ''Heather Lee Larioni'' are now working on a more figures ballpark goal this year.
@josephbush May I know the name of the advsor who has been assisting you, please?
Just reached out to Heather Lee Larioni since I need all the assistance I can get. I just scheduled a caII. Thanks a lot
I also agree and at 67 with a retirement nest egg of $5.1 million. I did start in my early 20's and saw the value of the US stock market despite the up and downs. The markets are back up again and should do even better under a Trump administration. We also avoided the lure of bad investments like penny stocks and crypto. Although crypto does have a future it might not be in my lifetime. Folks must learn to save and invest. We did spend a lot over the years as we paid for two large weddings and down payments on kids homes too. That's the power of good investing over time.
Which investments, with a $89K portfolio, are the best to make in order to increase overall portfolio performance in the new year, given the lessening signs of inflation and the Federal Reserve's decision to halt rate hikes?
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $610k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
It's true that some investors employ hedging techniques or devote a portion of their portfolio to defensive stocks that perform well in down markets. These kinds of ideas can come from collaborating with market experts, as I did in 2019 during the rona outbreak. My financial advisor has recommended assets that allow me to increase my multi-million dollar portfolio by 45 percent.
how can one get more info about your adviser, I’d be the judge myself
Aileen Gertrude Tippy, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
In 1991 I was 22 years old, I started with nothing. Threw 12% in my 401k for my entire life, I am 55 years old today. I held on through the tech bubble, a couple real estate bubbles, the oil bubbles all of them. My patented approach through all of those bubbles was one thing, ignore it. Stop looking at it, but stay the course, continue investing through it all. But ignore it when the bubble bursts. It always comes back in a year or two. Today my 401k is sitting at 3.2MM$, people ask me why I continue to work. My answer is simple, I am a bird dog, I gotta chase birds.
At my last job before I retired I was in it's 401k for 24 years at various percentages and ended up with $193,000 .... tried to talk my co-workers into putting some into their 401K's but they would have nothing to do with it so I stopped talking about it and just concentrated on my own stuff ..... Glad unlike my co-workers I could see past my nose to the future.
I want to invest roughly $70,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Natalie Marie Tuttle 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.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Never stopped investing last 3 years and an ole balance is looking better than ever. Stay to course and it will be fine.
Time in the market is better than timing the market.
0:09 I enjoyed this content. Although I have been watching less yt and doing more research. My retirement contributions are not making my 401k any better, should I buy popular index funds in a brokerage account, is this a better alternative to retirement?
My suggestion to an upcoming investor is to learn to do your own research and don’t just go buying stocks without proper considerations. Most of what is pumped out by the media is what most TH-cam financial entertainers churn out to you as fear uncertainty and doubt.
Agreed. That and reading some basic principles laid out in books like The Intelligent Investor by Benjamin Graham. There are also good TH-camrs out there like Felix, Graham Stephan, Humphrey Yang and a few others, but generally you are right.
It's unclear which stocks and sectors will lead the market in the next uptrend. Stay away from the stock market if you do not have guidance from a plannner and investment strategist. My finances have been in order since I got a wealth planner like Monica mary strigle with a 600 M AUM working for me.
Who is this Monica you speak about? I have also been searchingf for an advisor who can direct us on where the economy is headed new year. I don’t live in a big city.
[monica mary strigle]. just do a research on the name, no kidding made lot of gain from her
As a rocket surgeon I will say Dave is absolutely right.
I never thought I’d hear Dave Ramsey tell me to spend my money. That says a lot!
It tells you he is worried about his real estate portfolio.
What? Are you guessing he’s worried?
He’s a talking head for the banks.
If you were listening in 08 you would've heard the same thing. He wants you to give his "endorsed local providers" your money because his sales are in the toilet
Thank you for the insight.
The clash of two old men - best line of the week!
Second best to the rocket surgeon.
Just hit the new record. The best advice I heard is to invest regularly, dollar cost averaging.
Yup! That’s my strategy.. up or down doesn’t matter… When it’s up you ride the wave, when it’s down you’re getting a discount.
DCA FTW!
Terrible idea. You're losing gains bro. Just put it all in and let it ride.
@@clericstorm2009 That's what I am doing, putting in all I got, every month, month after month, year after year.
Crypto been dropping, I'm about to add more coins to my bags to prepare for the market to-go back up later in year.
I believe this headline. Notice that investors are no longer buying into the EV hype, as is the general public, and looking to more viable investments. Potential ROI is what steers the stock markets.
When the market started to drop Dave gave the same advice keep investing (buy low) and when the market turns around you will be happy.
Well he was right and I stayed investing and I am very happy.
DCA in VTI and you’ll do fine. The more money you can put in it the better the returns.
Just keep buying, and you’ll never have to worry about any timing. Just keep buying.
By far the most stable way to play the game honestly
Best advice.
Sure, but if we are staring at the abyss of a recession, then we should probably wait for the crash to happen, right?
@@Joe-ku1kogamble as you wish
@@Joe-ku1ko Depends on when you need your money. Got more than 3-4 years until you need to start pulling? Just ignore external factors and keep DCA. Withdrawing now or soon? Consult a financial planner on your options. Retirement is more complicated in those states.
Thanks! I would love to start investing but the constant market volatility and diff manipulations by big sharks makes me wonder if people still make profits investing.
Though the market isn't as stable as it used to be, it isn't as bad as people think. With the right techniques & predictions, one can earn so much profit from the market in a day, do your own research.... Believe me or not as a beginner who knows next to nothing, I am about +65% up just in a couple of months... I'm retired and I am using these extra funds to help pay for odds and ends that I want.
Hi *Hunan* *Train* , your profit margin is quite inspiring and stunning for a starter; do you make use of spreadsheet, what is your biggest holding
No I don't.... Spreadsheets have always seemed incredibly stressful and of no relevance to me.. I mirror Kelly Marie Matwick's positions in real-time, and I am very okay with it because it's very transparent, easy and automated... You can give it a try.
Companies are also making record profits and with unemployment at a record low, people are investing & contributing through retirement accounts. If the economy was bad, people would cash out their investments to survive. With all the turmoil in the world, the economy is not so bad.
Yesterday the Dow hit an all time high.
Unfortunately I don’t know what to believe. All we can do is keep investing and let it ride.
Huge respect for you and what you teach us daily. Your videos have helped me grow tremendously and also special thanks to Chris Haun he has been of tremendous help to me through my journey too.
I think he trades for everyone I meet. I met him twice at a meeting in Germany and after his lectures I had to personally ask her to be my financial advisor. He is definitely good
I have never seen a trader as open and transparent as Chris Haun with his clients. The way he decides to make a profit for his clients. He allows you to express your fears and he still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. He is really cool.
How can get him? Have heard of him a lot
You can get him on
T E L E
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138
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
@@Benedictrud I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Please will you be kind enough to share the details of the man that helped you?@@Owenra
@@victoriaabott Actually its a Lady. Yes my go to person is a 'Suzanne Evelyn Rinelli'. So easy and compassionate Lady. You should take a look at her work.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks@@Owenra
I would hope 2024 will be a great investment year. That being said, January 2022 was the last time the S&P had a all time high before this month & it finished 20% down for that year. It's unpredictable. I will still be investing regularly.
Market changes constantly, jan 2022 rates were on the rise jan 2024 rates are projected to start coming down.
@@pe8841We'll see...
A lot of people don't get those returns because they don't pay attention to what funds they're in. There are still lots of bond and CD investors out there.
I gotta say I have been LOVING what the fidelity contrafund has been doing for me. 55 basis points so it's not bad as far as expenses. Beats the SP returns with the same beta.
It's one of the few ways the average investor can own some Spacex.
That is my all-time favorite investment! So tempting to put everything there but I know I shouldn't put all my eggs in one basket.
If you doubt what he says, just dollar cost average in. Biggest predictor of investing success is your savings rate, ahead of your rate of return.
I've heard him say this. How do you define "investing success?" I would define investing success as not paying high fees or sales-loads for funds that are statistically not likely to beat the index by any substantial margin over the long term. I would define paying large sums of money to advisors or fund managers who claim they will attempt to beat the market (when in-aggregate they literally cannot) as investing failure.
@@jmnthe3rd amen. I could tell you a doozy of a story on the AUM + fees front. An active manager I personally know turned a $3.4m investment in 2013 to about $5m in 2023. If that person has just stuck it all in the S&P they’d have ended up with something like $14m. After taxes from all the short term trading, fees, and AUM % the client lost money in inflation adjusted terms.
Ps- I’d define success much in the same way you do- avoid fees and charges, invest consistently and as early in life as possible, and leave it be.
I timed the housing market twice and was right both times. It's not that hard. Price to income and price to rent ratios are obvious indicators of when it's time to move
It is today that I learned what the S & the P standards for... Thanks Dave
I’m 50 and never invested and don’t know where to start. My son started online investing in S&P as soon as he turned 18. He must’ve been listening to Dave. 😊
Start with a ROTH. pick couple of mutual funds and diligently put in a fixed amount every month. That's it. That is the easiest you can do, but considering your age, do it NOW.
Buy an S&P 500 index fund.
Open a Vanguard Roth IRA and contribute the maximum ($7000 for 2024), buy VTSAX. Do this each year. By 65 you will have about $250,000. By 69, $385k. tax free distributions.
Sounds like your son has his head screwed on. Great attitude to hear from an 18 year old
Technically not all the companies are traded on the NYSE. Some are traded on the Nasdaq
I’ve found that most people use “NYSE” for a catch-all phrase. You are absolutely correct though and it’s important to know that this index exists
Thanks Paw Paw 🙋♂️
Are in some also traded on the OTC?
@@mikefixescars Not that I know of.
Week after week 20% to 401k (4% traditional, 4% match, 12% Roth, $300 bi-weekly to Roth IRA, and $95 a week to HSA. I’m also excited for my ESOP deposit in May. It’s a retirement account too! Nine more years of this marathon.
Marathon, not a sprint. Good analogy!
Hey man, you are killing it, Congratulations, keep going.
Are you in a high tax bracket? Might want to up traditional.
@@thedopplereffect00 You hit what most people don't get. Traditional v Roth are 100% tax plays (on the contribution side AND the draw side in retirement).
Seeing how the S&P just hit an all time high how is it not gonna have a pullback of some kind.
Only problem I have with the "record high" indicator is that it is in the BEGINNING of the year. A pessimist would say it has nowhere to go but down. That said, dollar cost averaging, riding the roller coaster, over the course of decades, will work out fine. Time in the market, not timing the market, etc.
what does dollar cost averaging mean?
@@ricosebfor example, you would buy $100 of stock per week, every week. Whether the stock is up or down, you buy consistently. You don’t wait to buy if the stock is high, and you don’t buy more when the stock is low. This makes your average cost somewhere in the middle between the high and the low. This helps prevent you from being in the lot of people who end up buying high (when there is euphoria in the market) and selling low (when pessimism pervades the market).
@@ricoseb Someone already explained it well, but I can provide an example. When I started investing one of my accounts, I had a lump sum available. I put it in the market in one go, not realizing that the index fund was at a several year peak. I started losing value immediately. But because I was buying a stock/portion of this index fund every paycheck, the average cost of my investment slowly got dragged down.
Even though the index went really far down, my actual investment in it was averaging out. So if I had to sell a piece or two, as long as I beat the average, I was fine. If I only had the funds I invested at the peak, I would lose money anytime I needed to pull something out.
The averages let you ride the roller coaster a little more calmly.
@@NWOALERTor don't sell at all and don't worry when you buy
Pessimist here:
Invest a hell of a lot in bulk so you don't risk needing to buy at a higher price.
Hold a sum of cash in your stock brokerage account, grow it, average into it. Dump it in when people become fearful enough again.
How much of that median return is realized prior to hitting the high that year?
Just invest regularly and also invest in things you understand.
All of my three portfolios (robinhood, current 401k, previous 401k) did over 20% last year. Same with my wife. And guess what, money in all of our retirement funds is in index funds like s&p 500. On robinhood i have half in stocks and rest in mutual funds.
People over complicate things and want over night returns and end up losing money.
Food Dave in 2006. Listened, totally turned my financial life around!
Buffett has his largest cash position on the sidelines right now. Things can and have changed
He knows about The Great Taking!
Even savings accounts and CDs are at 5% to 5.5% interest rate right now.
That’s not a good thing lol, means interest rates are too high on everything
Who cares
@@bb-1359What do you mean that the banks are trying to be conservative?
@@flickboogers9325 First of all the cd and high yield saving rates are lower than the commenter stated. They fluctuate consistent with home loan rates which are slightly lower and will continue as long as inflation doesn’t spike.
Inflation is 20% so you can lose 15% guaranteed. Who doesn't love losses.
I think this should be the best time to put cash to work rather than allow it lie waste to inflation. I'm ready to invest about $350k of my savings in stocks. I just need ideas on how to navigate the bear markets and other sectors to diversify
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024
Please how do I find and contact this financial counselor ?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Natalie Ann Brinkman for about five years now, and her performance has been consistently impressive.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Dave. You are the man. Been following your advice for years. And I’m been a millionaire for a couple of years. Working on becoming a multi millionaire. Should be there very soon. I can’t thank you enough.
Dave Roasting the presidential candidates is gold 😂
Actually, it’s ageist. There’s plenty of real stuff to find fault with without going to age
Ageism is valid when your politicians are senile geriatrics.@@dsmith6601
@@dsmith6601 Im 68 and YES I am slowing down. I have wisdom but not necessarily strength.
@@dsmith6601I hope a strong economy is just one of the factors that helps Joe win again 💙
Dave has to bow to his mostly conservative base😂
@@billyracks well, some day we'll all not wake up.
I hope Trump sleeps, wakes up and gets mad, throws ketchup, then slips away into forever unconsciousness still mumbling about Hillary and Obama.
Dave, please don't try to predict the near future. You can't. Stick to helping people get out of debt. That's where your strength is.
His strength is actually convincing people to invest more of their money and then directing them to his affiliates. Always has been, always will be. The more his listeners invest, the more falls into his pocket. He speaks like it is an act of charity or education. He wants you to spend less on your house and your car, and instead spend it on front-end loads. If the S&P500 goes up 15% this year, Dave makes money. If the S&P500 goes down this year, Dave still makes money. So, invest, invest, invest!
@@jmnthe3rdif you invest in an s&p etf, this has no affiliation to DR. I agree DR is a marketer and wins through book sales and other tool use but not by you investing through your own brokerage account.
@@jmnthe3rd ...I just canned my Smartvestor Pro. Funny thing is he didn't even follow Dave's advice on investing. It's a racket!
Spent the last two years learning how to do it myself, without the teaching his advisors are suppose to do.
He's not trying to make predictions, he's trying to trick you into giving him your money
I'm favoring the Russell 2000 these days. Still like 25% upside for JUST reaching its all-time high again
URTY (3 times leverage of Russel 2,000)
If you are looking for a small amount to risk on this.
Small caps are likely to outperform eventually!
@@codydorow3813 If we get another pullback, I might
What time of the day is this show live? I need to call them. I have a crazy story.
S&P 500 index funds (or very similar funds) are the only stock mutual fund most people should invest in. Dave suggests there are mutual funds that consistently beat index funds long term but won't tell you what those funds are. Why? He gets payments from the advisors he recommends. These advisors make their money by taking a six percent commission each time you make an investment. You start off in the hole without getting better performance long term.
Absolutely
Nope, you would be wrong. Only if you need the "hand holding" of a professional do you get charged those fees. You can invest yourself and do it for pennies.
I'm considering investing around $700,000 in stocks as I've learned that savvy investors can still profit during challenging times. Do you have any solid stock market strategies for this year?
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
’Nicole Desiree Simon’. is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
I love how you take your time to educate your viewers, I really saw the potential of stocks by reading Berkshire's annual letters. I recently sold my $474k rental property in the Bel Air area hoping to put some into the market. I will appreciate a video on profitable investment opportunities.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
If you do make new buys, know your exit strategy before going in. Consider taking partial profits quickly to lock in some gains. I've been in constant touch with a financial analyst since covid, she helps me polls entry and exit commands on my portfolio, ive accrued over $850k in barely a year..
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio
Marisol Cordova is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
A few months ago I started a new job and I made it my goal to buy my first rent property this year. I work as a process operator at a refinery and we start a turn around next month that last 4 months. During that time I should bank about 10k every two weeks before taxes. So my goal is to live simple and invest. Wish me luck
@1:24 The top 500 companies on the NYSE" - Uhhh, the S&P 500 isn't just NYSE. It includes companies listed on the NASDAQ and the Cboe as well.
I am investing .... It's in T-Bills and I'm loving every minute of it.
There's one smart person in this comment section. Your 5% return will look like 5000% when the people listening to Dave and Jim Cramer start panic selling after the fed pivots
@mg-by7uu or you do nothing and make way more than the t bills...like last years almost 27% after reinvested dividends.
As a stats grad, I'm going to play devil's advocate with correlation vs causation. Dave is saying that in years where it hits the top, it goes up 15 percent. I bet a lot of those years it went up 15 percent AND THEN hit a high late in the year because of the 15 percent gain.
A better study would be to see if, in the 12 months after hitting the high (regardless of when in the year it happened), how much it goes up. I'd venture to guess it's less than 15.
With that said, I appreciate his points and I still think it's a great time to invest.
Good point, but I also think that in the years that the S+P hit highs, it was a Bull market and therefore was on an upswing overall anyway.
What i have heard is, the people that dont do well are the people that miss the Ups. Meaning, the quick jumps in value (like this week)they are on the sidelines.
Yup I’ve heard many investors saying “time in the market beats timing the market” … there are multiple comparisons that prove it.
Does credit score affect home loans a lot or is it like you either qualify or don’t type thing ?
Back in November I was going to take out everything in my 401-k and open a CD account at a bank. But for some reason my conscious was telling me don't do it. I am glad I changed my mind, because now it is Kicking Booty. I have been investing for 24 years now. I am planning to buy a vacation home in the Desert somewhere in California or New Mexico. Las Cruces is a beautiful city in New Mexico or Palm Springs California.
Palm springs has airport. Las Cruces has not. i would prefer el paso over Las Cruces
@@hindipoetry2542 I have Aunts that live in El Paso, Texas and the property taxes are high. I have a rental property and a house in Los Angeles, California that I bought brand new at 27 years old and been living there for 40 years now. I also been looking in GDL- Guadalajara, Mexico. The Houses are Magnificent and have really beautiful pools and worth the price. I have a co-worker who retired there and visit him last fall. So much greenery there.
Don't take out all at once because of taxes. The taxes would be more than the 5% CD would earn.
2023 was really a great rebound! Keep investing and hold long term. Ride it out.
Largest regret in my 20’s was not having my Roth tied to the SP500 index.
Atleast you were smart enough to have a Roth if your 20's lol.
I made good money and pissed it all away until 30
Truth! It could have been worse for sure.
one of those companies repeatedly said every thing was fine with banking and the housing market in 2007 and some of us remember how that worked out.
Hey Dave I think you right on buying stock now Bro, because stocks be moving big lately
Gosh, this is hard for me to write, because I like Ramsey. But his endorsements of financial planners really hurts his credibility. The easiest way to minimize your investment returns is by hiring a "wealth manager" who routinely take .5-1% of your entire portfolio, every year, regardless of how your investments perform.
Park your money into an S&P index fund, and let it sit. It's that simple.
Unfortunately, these wealth managers pay Ramsey a lot of money to advertise their services, and so therefore he gives them shout outs when he knows it's a bad play for the heavy majority of people.
DR has always said to invest in S+P500 mutual funds.
@@mikezerker6925actually no. He’s a big fan of managed funds and does not like unmanaged indexes. Even though most managed funds underperform.
@@mikezerker6925 Wrong
I was 22 when i first started investing last year, im 24 now, and my stock portfolio is up +46% with my big hitter, +106% on AMD.
Although i should prioritize paying off my student loans, the interest i have been getting is much greater than the interest i paid on my loan last year.
My 5 year old has $20k invested in the stocks. Almost 100% gain and dividends reinvested. Whatever amount it is when he's 25, it's his.
Not sure what the study used as their metric to state 15% gains, but it's likely year start vs year end. Unfortunately that means you need to buy Jan 1st and hope the market hits record highs to get those gains, so basically the same as buying at any given time (with average of about 10% yearly gains).
If the study used the start when the market hit record highs then compared it to a year later AND it's 15%, then that's something that's actionable. You see the record high, then buy and hold.
I would have to say 2023 was also a great year for the S&P, not sure how folks do not see a good economy last year (not perfect), and now likely 2024.
Most the gain was due to inflation
@@thedopplereffect00😂😂 tf that don’t make sense
@@Christian-uj1mq you really believe the official CPI numbers or your lying two eyes when you are out shopping?
@@thedopplereffect00 how does that relate to market gains ?
@@Christian-uj1mq the markets are measured in dollars. As the money supply inflates the value of real assets goes up. Econ 101
Hard to say if 2024 will be great year, but I can say, 2023 was a great year to be invested
Yes, 2023 was awesome and Jan returns could be just part of that. Time will tell.
Was looking through the comments, and I hadn’t seen this yet. So here it is: “Time IN the market beats timing the market.”
I loved the mixed metaphor “this isn’t rocket surgery” 😂. Love ya. Mean it.
Ramsey: "It doesnt just go up and down"
Double top pattern: "hold my beer"
Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence with the help of my FA Anna Rounds Fay. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My wife and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $1.7M. We have never sold so much as one share of stock.
People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
The aim is always to find stocks with market-beating yields and shares that at least keep pace with the market for a long term.
I started investing when I was 37, mostly through sweat equity. I just turned 45 and this last month was the first time that my passive income from stocks broke $100k for the month. This is solid advice! DO IT!
Daves been right about so much. Listen to him
He has missed all the major financial crises.
@@RusskiCommieBot And yet he still has made money...weird
Came here again to be educated by Uncle Dave and this literally had me LOL..
MMA, break a hip, and muppets.. 😂
Thanks for another great video! 🌟
Once upon a time, I was an eager investor. With high hopes and dreams, I diligently built my investment portfolio over the years. But as the tides of the market turned against me, my once-promising investments began to crumble. Stock prices plummeted, bonds defaulted, and my hopes faded away. With each passing day, my portfolio dwindled, mirroring the sinking feeling in my heart. I watched helplessly as my hard-earned savings vanished, leaving behind a lingering sadness and a stark reminder of the unpredictability of the financial world. I'm here again because I want to get back on track.I need ideas to get on a recovery process.
Losses can provide valuable lessons and insights into the intricacies of the financial market. They can highlight areas where improvements can be made in investment strategies, risk management, or research. By reflecting on the losses and learning from mistakes, one can enhance their knowledge and skills, which can contribute to future success. I don’t have much to give but my thoughts are with you.
I'm sure the idea of an investment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 880k within 16-months from an initially stagnant Portfolio.
@@KelvinWallace Trustworthiness is the issue: Entrusting someone with your finances requires a high level of trust. It can be difficult to determine if a financial advisor is reliable and has your best interests at heart. It's essential to find an advisor who operates with integrity and adheres to ethical standards. But you seem to have it all worked out good for you, mind shearing?
Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them..
@@KelvinWallace Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.