@JV-Designs LLC How to go about finding the right advisor for you and your needs is unfortunately not an easy or simple answer. But I did a three-part video series that discusses all you need to know, and where to go to search for someone who's the right fit for you: th-cam.com/video/Fv3CAkT4Qa8/w-d-xo.html
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
I totally agree with you. I took charge of my portfolio but faced losses in 2022 realizing the need for a change, I sought advice from a fiduciary advisor. through restructuring and diversification with dividend stocks, ETFs, mutual funds, and REITs, my $1.2m portfolio surged, yielding an annualized gain of 28%
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Sonya Lee Mitchell 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 admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
Nobody knows anything, 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
@@ThomasWilliam-sw8ms Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
Thank you so much for this video! Like another viewer stated, this video was not overwhelming. It was done methodically with the straight forward questions asked by the creator! Thanks again for educating us!
Hi Richel, I truly appreciate you watching and leaving such a nice comment!! It's not everyday someone recognizes the person asking the questions, and I definitely planned them out very carefully. I'm happy you got some new knowledge!
Thank you. I've researched this extensively and haven't found any managed mutual fund that didn't charge yearly management fees. I expect to pay for their expertise but I want to know those fees prior to signing up. Thanks again!
Glean what you can. Take notes on terms and concepts you don’t know yet and then research those. Then you should rewatch this video. It will build your foundation and allow you to digest more. You’ll get fast over time.
Hey, thanks for taking time to put this together for beginners. I have one question, do we get to have a transparency level of our fund investment from the manager, to know where exactly our money is going into ?
Hey Karthik, thanks for watching and for this awesome question! Sorry it took me a little while to reply. Mutual funds have something called a propsectus, which is a document that details the fund's objectives, risks, fees, and expenses. Seems like this could be what you're searching for!
I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to fire movement.
@@mayornevzorin4883 FIRE means Financial Independence Retire Early . It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle.
Thanks for info it was helpful. How do you sell mutual funds? How do you choose lots to sell. Unlike stock what am I selling? Selling 1st lots is t that selling it all? So confused.
so....if i put in $5000, and some wealthy individual put in 500,000.00 in the same mutual investment gropup, what are the chances i see any profitable margins 🤔 ?
Great question! You can invest in mutual funds either way, little by little or all at once. Personally, I would do it little by little rather than in one lump sum payment, just in case the market takes a dive shortly after I invest.
A family member recommended a broker they have used for years and like so I've discussed buying Mutual Funds through him. He told me the buy in will be 3% upfront which he gets paid 1% out of that. I asked about a yearly management fee and he told me there isn't a yearly fee. Once I pay the one fee I'll never be charged anymore fees for a managed Fund. Is that correct? Everything I've read talks about additional fees.
Hey there, thanks for watching and thanks for the great question! Every manager and every fund is different, so what he's telling you may be correct. However, he may only be referring to his piece of the pie as a financial adviser. There's a whole other layer here that you need to consider. Whatever mutual funds your advisor selects and purchases shares of on your behalf will almost certainly have fees attached to them. They might be a "no-load" fund, meaning you're not charged a percentage for buying and selling shares, but managed mutual funds all have annual expenses (many of which are considered marketing expenses and paid out to financial advisors who recommend the fund to their clients) and those expenses will eat away at your annual returns. The only way to learn about those expenses is to ask to see the prospectus for the individual managed fund. That will provide you with all the numbers.
@ *nana* Your family may have inadvertently given you costly advice. That 3% upfront and his 1% is a pretty penny you could have avoided and there may be additional costs that salesman did not disclose. What is the name and 5 letter ticker of that mutual fund he sold to you?
Don’t do it’s because there is a lot of fees that people get their hands on ur money it’s a big gamble and not worth it just get a Tax free savings account!
Awesome information! 😜 Thanks for having me on!
Haha I’m pinning this comment for visibility!!
@JV-Designs LLC How to go about finding the right advisor for you and your needs is unfortunately not an easy or simple answer. But I did a three-part video series that discusses all you need to know, and where to go to search for someone who's the right fit for you: th-cam.com/video/Fv3CAkT4Qa8/w-d-xo.html
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
I totally agree with you. I took charge of my portfolio but faced losses in 2022 realizing the need for a change, I sought advice from a fiduciary advisor. through restructuring and diversification with dividend stocks, ETFs, mutual funds, and REITs, my $1.2m portfolio surged, yielding an annualized gain of 28%
your advisor must be really good, how can I get in touch with them as my portfolio is at a decline.
her name is "Dianne Sarah Olson" just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
she appears to be well-read and studied. I ran an online search on her name and came across her website; thank you for sharing.
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
Sonya Lee Mitchell 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 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 been investing for over 40 years. This is an outstanding explainer of mutual funds.
Thank you!!! Andy is such a great resource.
Then wht are you doing on this video?
One of the first times I didn't want to have a breakdown hearing folks talk about investments. Thank you!
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
Nobody knows anything, 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
@@ThomasWilliam-sw8ms Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
@@ScottBrown-b7o Who’s the person guiding you
@@ThomasWilliam-sw8ms credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up
@@ScottBrown-b7o Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
Wow. Im so glad i found this video.
Im 42 and this is the first time I'm hearing an explanation of mutual funds
First time I hear someone explaining financial terms is layman's term. Thank you so much
I’m studying for the series 6 licensing exam and this made understanding mutual funds finally click. THANK YOU for making this video
Thank you so much for this video! Like another viewer stated, this video was not overwhelming. It was done methodically with the straight forward questions asked by the creator! Thanks again for educating us!
Hi Richel, I truly appreciate you watching and leaving such a nice comment!! It's not everyday someone recognizes the person asking the questions, and I definitely planned them out very carefully. I'm happy you got some new knowledge!
Thank you. I've researched this extensively and haven't found any managed mutual fund that didn't charge yearly management fees. I expect to pay for their expertise but I want to know those fees prior to signing up. Thanks again!
Easiest explanation I’ve heard hands down
Great breakdown of mutual funds! Both of these gentleman are outstanding financial wisdom givers.
I truly appreciate that David!!
And this is why I’ll never have money. I can’t even understand a “for beginners” video! 😩😆🤣
Not your fault if you went to public school 😭😭 just keep trying breaking down by pieces instead of trying to digest the whole subject.
Glean what you can. Take notes on terms and concepts you don’t know yet and then research those. Then you should rewatch this video. It will build your foundation and allow you to digest more. You’ll get fast over time.
😂😂😂
💀☠️🤣🤣😂😂😂
Thats not why its because you don't believe you're capable of of obtaining a significant amount of cash
Hey, thanks for taking time to put this together for beginners. I have one question, do we get to have a transparency level of our fund investment from the manager, to know where exactly our money is going into ?
Hey Karthik, thanks for watching and for this awesome question! Sorry it took me a little while to reply. Mutual funds have something called a propsectus, which is a document that details the fund's objectives, risks, fees, and expenses. Seems like this could be what you're searching for!
@ *Karthik* Have you discovered satisfactory answer or still looking for pertinent information about prospective mutual/index fund investments?
I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly.
Thanks to fire movement.
Great job with your husband! I bet you’re living your best life right now.
I’m a young dad, I’m really glad to hear your story it inspires me.
What’s FIRE movement please.?
@@mayornevzorin4883 FIRE means Financial Independence Retire Early .
It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle.
@@kidijatesfay2010
Thanks for replying I will read more about the FIRE movement.
@@kidijatesfay2010 Your story is inspiring. I’m 38 trying to achieve this goal you achieved.
Share some tips please so others can actually learn.
Wow very in depth video! Very useful information about mutual funds
Appreciate that Daniel!
Excellent video! I know a lot more about mutual funds now. I seriously didn’t even know what a mutual fund was.. thanks!
Thank you for this. I’m just starting my research into understanding investing.
Thank you for this video! It is so easy to follow for anyone who wants to get into investing and doesn’t know where to start.
Thank you for sharing such knowledge and easy to understand for someone that is not knowledgeable like my self.
I freakin love you guys... my life is about change forever
Get it!!! :D
How do you read Mutual Fund “statement sheets”? Please do a video on this.
What i do is invest into stocks and other financial assets online but stocks is most effective for high profits monthly thanks to my fiduciary
How can I also generate profits, do you mind showing me your fiduciary
I know Mr Ravies, although not personally but he manages my sister’s investments as her fiduciary, she speaks highly of his expertise
Diversification is a protection against ignorance when you don`t know what you are doing you diversify.
Solid breakdown bro!!
Appreciate it!
Thanks for info it was helpful. How do you sell mutual funds? How do you choose lots to sell. Unlike stock what am I selling? Selling 1st lots is t that selling it all? So confused.
Very informative!
Glad it was helpful!
is a high expense ratio good or bad?
High expense ratios are bad! You want the expense ratio to be as low as possible.
@@PracticalPersonalFinance ok thx
Are there penalties for selling or pulling out
Appreciate your efforts
Isn't Berkshire Hathaway just one big mutual fund?
very informative
so....if i put in $5000, and some wealthy individual put in 500,000.00 in the same mutual investment gropup, what are the chances i see any profitable margins 🤔 ?
Great information
great video
Can we do sip or lumsum investment in mutual fund?
Great question! You can invest in mutual funds either way, little by little or all at once. Personally, I would do it little by little rather than in one lump sum payment, just in case the market takes a dive shortly after I invest.
Thanks!
Glad it was helpful!!
Thanks for the video really informative
Can't define Large, Mid cap, small cap. I'm not impressed
Right? That was pitiful
So how do you make money?
same way you do through any type of stock trading
Excellent video
A family member recommended a broker they have used for years and like so I've discussed buying Mutual Funds through him. He told me the buy in will be 3% upfront which he gets paid 1% out of that. I asked about a yearly management fee and he told me there isn't a yearly fee. Once I pay the one fee I'll never be charged anymore fees for a managed Fund. Is that correct? Everything I've read talks about additional fees.
Hey there, thanks for watching and thanks for the great question! Every manager and every fund is different, so what he's telling you may be correct. However, he may only be referring to his piece of the pie as a financial adviser. There's a whole other layer here that you need to consider. Whatever mutual funds your advisor selects and purchases shares of on your behalf will almost certainly have fees attached to them. They might be a "no-load" fund, meaning you're not charged a percentage for buying and selling shares, but managed mutual funds all have annual expenses (many of which are considered marketing expenses and paid out to financial advisors who recommend the fund to their clients) and those expenses will eat away at your annual returns. The only way to learn about those expenses is to ask to see the prospectus for the individual managed fund. That will provide you with all the numbers.
@ *nana* Your family may have inadvertently given you costly advice. That 3% upfront and his 1% is a pretty penny you could have avoided and there may be additional costs that salesman did not disclose. What is the name and 5 letter ticker of that mutual fund he sold to you?
@@alrocky I decided not to go with him. All the research I did told me he was mistaken about the fees.
@@nana820able Good to hear and good for you!
Did not really explain profits potentials and pitfalls.
Don’t do it’s because there is a lot of fees that people get their hands on ur money it’s a big gamble and not worth it just get a Tax free savings account!
Small cap is less than $25 MILLION, not $25 BILLION
Dave Ramsey
8:10
Buy at lowest price possible, sell in 20 years
As soon as he mentioned Naxos he lost all "credibility"😅 and understanding I had for him🤣 NAXOS DEFINITELY DESERVES ALL THE HYPE... NO CAP AT ALLL👌🏾
Some how this guy looks like Ryan Gosling(The Big Short Look)
I don't disagree!
He look like dude from Wayne’s world more then him
Very informative!