Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of it!
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- เผยแพร่เมื่อ 27 เม.ย. 2024
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Books that have helped us on our Financial Independence Journey
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Our Rich Journey - Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of It!: Are you managing your own investments or considering a financial advisor? It’s crucial to be aware of the tactics that financial advisors might use to win you over. Many investors lean towards professional advice without fully understanding what’s at stake. In this video, we uncover the common strategies used by advisors, highlight the importance of financial literacy, and encourage you to compare managing your own investments with hiring a financial advisor. Watch to learn how to spot these tactics and arm yourself with the knowledge needed to make informed decisions about your financial future!
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However, how do you borrow against your assets? Please do an video.
53 year old average guy here in the double comma club. What I've learned when it comes to money....NO ONE IS YOUR FRIEND or has your best interest in mind. Learn as much as you can and manage it yourself.
Absolutely...👏
So true nobody cares more about your cash than you.
truest words ever.
Best decision I made was to take control of my own assets!
If you got 2mil without one then i say you dont need a financial advisor. You are one
Right!!! Multiple millions, not just 2. Lol. FA saw chaching!!!
Make a whole video explaining why you didn't go down the route you were planning
Hi, I'm interested in hearing your thoughts on way you all decided not move forward with the securities backed line of credit.
I used a financial advisor in the past to manage ETFS and Mutual Funds in Nj. In 2 years he changed barely anything so when I called him and started asking questions he called me back stating I was calling too much and asking too many questions. I then stopped using him. I also found out that the retirement account he was suppose to manage he had no access. I will never use a financial advisor.
Wow!! 😂😂 so all these while he was just taking his fees..that’s crazy
👍😆👍 Stop calling about YOUR MONEY
I’d like to know why you didn’t go through with the line of credit. Can you post a video about it?
Thanks for using your experience to warn us 😮
The shower scene 😂😂💀
😂😂😂😂
Really appreciate this video! Thanks for taking us along on your journey ❤
Thanks for all the great advice you give, Love ❤️ you guys.
Yes please tell us what you guys decided to do to finance your next property purchase.
Exactly why I managed my own money.
So true!!!
Thank you for sharing, very helpful info!
Well said thank you for sharing your experience. It’s appreciated
Thanks!! Please talk about securities backed line of credit
Thanks for sharing your experience. Yes, would love a video and why you changed your mind about the line of credit.
Tracey
❤❤❤ thanks for sharing 👍. Also the loan against value of portfolio is good insight to mitigate tax. Clever idea and very smart.
Thanks for the content, very informative and helpful.
Another great video. This one definitely hit home for me. When we pulled our accounts from our previous advisor, he used several of these tactics. They definitely hate when you are an informed client.
Yes please a video on securities backed financing would be very helpful.
Especially the way you two break down information.
👍
Thank you for sharing!
Yes- would love a video about securities backed lines of credit.
Thanks for posting content about FIRE! Its hard to find recent videos on it
Great video! Thanks for sharing! I'm curious in learning more about why you chose not to go with a securities-backed line of credit. Also, speaking of tax-loss harvesting, what are your thoughts on robo advisors like Wealthfront? Would love to see an updated video on your thoughts now on robo advisors like Wealthfront.
Great video! Thanks for the heads up 🙏
So is this course different from the previous one and we would have to buy again?
They had no idea who they were messing’ with!!
I love this video and always enjoy watching you two together.
Joined the journey last month! Thank you for providing clarity and a path to FIRE!
🙏🏾 This video is awesome. While I don’t have that type of money, that makes it even more important to make every penny count. I appreciate y’all sharing your experience. It’s great knowledge for me to have and many others, I’m sure. 👍🏾
I appreciate you sharing your experience - thank you
So true! I had the same experience recently.
Love your channel. I’d love to understand your thoughts and reasoning why you did not choose to go with the line of credit
I am interested in knowing why you did not go forward with the credit. Thanks for these insights. I always remember what you have said in some of your earlier videos about the percentage charges by fin advisors- it would only make sense if they charge a fixed fee.
This was great! Thanks. Looking forward to your video on securities-backed line of credit. ❤
Great video very insightful. I plan to always manage my money. Like they say "Knowledge is power". Thank you for reinforcing my own opinion.
37%??!! Wow, you guys are amazing.
Thank you! 💕
Magnificent 🎉
The Advisor was doing the Bird Man hand rub while conversing with you all. Glad you all stood on business!👏🏾👊🏾🙌🏾
Yes please explain how you pay the securities backed loan .
I would be very interested in the ways you leverage, investigating it myself, the securities line of credit and so forth. Do you elaborate on that? And yes! Great advice regarding financial advisors, I have used them in the past and lost a ton of money at their grezzy hands. most are crooks and are NOT looking out for your best interest
Security lined backed credit sounds interesting please share. Thanks!
Interested in your take on the stocks-backed loan and what did you do instead
This was a great video! Please create more videos like this that expose how some financial advisors at banking institutions may not have your best interest when it comes to managing your money. Also I would like to know more about how a securities backed line of credit works. Sounds like the equivalent of taking a HELOC on a home.
Please do a video on the securities backed line of credit!
What alternative to the securities backed line of credit did you all use, if any? Great video.
Thanks for sharing the advice guys. I would certainly walk right into this trap in the future had I not seen this. Keep doing what you're doing to increase the awareness of the uninitiated like myself. ✊✊
Very helpful information! I have fallen prey to those type of tactic in the past. Would be interested in seeing a video on securities backed loan. Thank you!
Great video!! Thanks for the walk through tactics. Thanks for increasing financial Literacy.
I want to keep my money too! Thank you guys for all the knowledge!❤😊
Yes, can you please talk more about security back line of credit? And if you dont use this then how can you use your $ to buy real state for example without paying high taxes? Thank you!!!
J L Collin's book would agree with you, " Manage your own money." Thank you guys for everything. I am at the very beginning of my journey.
Yes! We are definitely in favor of managing our own money!!!
Great video! This was also my experience exactly.
Great video! Would love to hear more about the securities-backed to line of credit
What life insurance is the beat yall recommend or use
I’ve been looking into SBLOCs as well. Very useful tool.
always inspiring, congrats. do you have a video on how you managed 37% last year, and what funds/ETFs you are invested in?. To your point, I have not had much success with financial advisors and could have done better on my own invested in S&P fund. Thank you,
I would like to hear what you think about the securities back LOC.
Oh yes please do dive into the taking loan against your Investments this has been a big problem we need to discuss it thank you very much good on you too so inspiring and I'm looking forward to you two developing a chat GTP app kind of co-pilot so when I get up in the morning you can help me make healthier financial decisions I'm a nerd when it comes to Automotive and you guys are definitely Financial nerves it isn't easy for me to think your way but I noticed the same problem with I expect everybody to be able to understand what I'm doing with cars I don't need another car at 7:00 right now I should be investing my money but the minute I start to try
to follow your guidance I go blank where an app could lovingly encourage me and get me to start following your guys's wisdom
$2 Million?! Wow, that's amazing! I hope you can do a video on what you invested in someday.
GET THEIR STOCK INVESTING COURSE AND THEY SHOW YOU.
They have lots of videos about that
LOL, used car dealership vibes 😊
Haven’t heard “scanless” in years. Took me back. Love ya guys!
i busted out laughing and Amon said it hard!
so happy to see you two continue to grow it was years ago i watched one of your videos on index funds and now look where youre at!
Excellent video Team, thanks for sharing.
Hi Will! Thanks for watching!
I totally agree with you and had the same experience from well know financial advising places. I tried let one manage an IRA and they totally underperformed in a bull market. They obvioulsy didn’t rebalance it. Please do a video on Pledged Asset Line of credit.
Excellent video!!!! Always deliver!!!
So glad we took your financial course years ago guys! You gave us the skills to be able to create and navigate our portfolio without a Financial Advisor and laugh at the few we have had to talk to while experiencing these same tactics. Knowledge is Power!
Enjoyed your video. There are very few financial topics that are both original and relatable to where I am on my financial journey and this video is both. I wrote myself a note to start researching "securities backed line of credit" and so I would encourage you to have that topic in a future video.
Great video. I would be interested in hearing more on securities backed line of credit and your reasoning for not going with it.
Very interested in why you decided not to go to the securities backed loan for real estate purchase. Also is the purchase of your 3 other properties primarily to rent them out or is it to sell them at a profit after improving them?
Interested in the securities backed line of credit video :D
Thanks again for your videos. That one is so good as everyone has lived or will live this at some point.
Thank you. I learned about this in your program a couple years ago. It was the best.. 365 Days!!!
Definitely want to know why you didn’t go with the security backed loan
This video has been a life saver,thank you guys for such wise advice❤
Please do a video on the Securities backed credit line! Thanks!!
OMG! First, never heard of this type of option-so thanks for that nugget. Second, I've been feeling like such a slacker for not reaching out to a FA. I thought maybe I had waisted so much time not using one. So THANK YOU! I'm doing alright on my own...I'll keep going 😊
do you have video on securities backed loans? How much do you need to have to do this? What did you do because you did not want to incur large capital gains to make a big purchase?,... I know about harvesting losses.
Thank you for your advices. I started my journey 5 years ago. From zero to 300 000 euros on stocks and index funds. Thank you for the motivation.
A French suscriber !
As always thank you both for sharing your experiences with us! Helps us stay on our toes! It would be cool if you guys made a video about securities backed line of credit next! One question I have is if a person has some amount invested with VTI and another chunk with VTSAX, would the broker only consider one of those accounts or would the broker factor the total amount invested between the two investments? Anyway thank you as always Amon and Christina!
Another eye opening video. 😊
Thanks a lot you guys! I learnt a lot from you! I appreciate your kind efforts educate people on financial knowledge which we never learnt in school! Kudos!
This was hilarious! Thank you for sharing!
I want to manage my own investment, but how do I manage the capital gains tax?
Can u guys make that video on the back line of credit??. Can't wait to learn some more!.. I appreciate u guys making this video, ur timing is impeccable, i was just thinking about calling a financial advisor too!.. Wow! 🙏
This is good stuff!
What about left insurance advisors it is very trendy now among Americans
Guys you are the best! reason why I'd been following you since you started. Thank you so much because I keep learning from you. You are my favorite and my best! With your course I learned how to invest!
what made you decide against the security backed loan? were there high fees? or pre-payment penalties? what route did you finally choose? just curious if you don't mind sharing. i really enjoyed this video.
QUALITY CONTENT!!!
Is there a cost for your course in financial “know how investing”?
Thank you two lovebirds for showing us all how it is done.... been following you for a couple of years and so proud of your success... and your wonderful advice... all the best
Tell.me.more about no using the secure line of credit?
Great info
Best video! Thanks guys.
Hi Christina and Amon! I’ve been following you for a couple years now. You are inspiring and so informative.
We live in the US but will retire to Canada (my husband is a Canadian citizen and he immigrated to the US while I finish my career in public service which will be in 2026).
There aren’t too many investment management firms that will manage assets when living abroad. You have just put a spark in me that we could start investing and manage our own investments!
For some reason it didn’t click until now. But I don’t know how that will work with my husband who will no longer be a tax resident of the US when we leave.
He’ll end his permanent residency status.
I guess this is something we’ll have to ask our tax accountant
How do I get security backed credit line? Can I get such credit line on my retirement account? Your feedback is greatly appreciated
Always cracks me up how someone working a 9-5 thinks they can "teach" folks who retired early and living off their investments how to invest. He knows there was nothing he could do for you guys investment wise and simply wanted that commission fee.
Right! 😂 Sir, we did this without an advisor. Don’t do us any favors with your ‘help’.
Yes indeed.. It's the NEXT LEVEL. That IS how it's done (SBLOC).