In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
“Tenley Megan Amerson” my FA, is a well-educated and seasoned expert in the financial industry. She is regarded as an authority in this sector and has a deep understanding of portfolio diversification.
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
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.
My CFA “Tenley Megan Amerson” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from ‘’Tenley.
If you are planning for retirement Here are some key pointers. Firstly, kick-start your savings early to benefit from compounding. The longer your money has to grow, the better. Secondly, make the most of retirement accounts like 401(k)s and IRAs, especially if your employer offers a matching contribution - it's essentially free money. Thirdly, diversify your investments across different assets to mitigate risk. Think stocks, bonds, and real estate.
Great advice for retirement planning! Starting early and taking advantage of employer-sponsored plans can make a huge difference in the long run. And diversifying investments is crucial for managing risk. Thanks for sharing these valuable tips!
Spot on! Planning for retirement is crucial, and these pointers are gold. Diversifying investments is a key strategy plus, having an investment expert by your side can really help navigate the complexities and optimize your financial plan.
Absolutely! Diversifying investments is crucial for long-term success. Having a fiduciary has been transformative. She navigates market fluctuations, identifies opportunities, and keeps me on track for retirement. Her tailored advice boosts confidence and informed decisions. Trusting her skills brings peace of mind, ensuring my future is secure.
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
It is best to seek the advice of a financial advisor when faced with a decision as important as this one regarding retirement. By doing this, you will be able to choose investments more wisely.
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.
*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.
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.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Dave also claims his stupid funds he picks out preform the market because "past performance clearly means guaranteed future returns" 🤡🤡🤡🤡 I bet Dave's balls deep in large cap tech like a loser....
Can you please make a video that walks through how to choose funds in a 401k please!? Thank you!!!! Your videos are so helpful & fun, yet so simple & uncomplicated!!!!
I follow Our Rich Journey on TH-cam. Best advice on how to get started. I’ve accumulated so much knowledge from them not to mention a ton of money gained by investing responsibility
@@jillmorrison9883You have 3 basic accounts across the board. 401k, Roth, and HSA. 401k- is pre-tax, you pay taxes when you withdraw at retirement, Roth- you pay taxes up front so it’s tax free at retirement. HSA- is pre-tax, and taxed at retirement, But you can use it to pay medical and essential save 22% on medical bills 1.Companies sometimes offer a match on 401k, so always invest as much to get all the free month. 2. Then you should invest into a Roth, and max this out first before going to 401k. 3. Then sometimes you may have an HSA, which is similar to a Roth, but used for medical expenses, right now. This is big b/c if you make more than $44k it’s taxed at 22% tax bracket. So anything in HSA that’s used for medical expenses gives you a 22% discount, b/c that money is not taxed. 4. Final investment, after Roth and HSA are maxed, is to work on the 401k. But make sure you have an Emergency fund set up, b/c that is basically insurance against loosing your house or cars. Or getting into a financial bind.
Investing in single stocks is not a scam. Imagine investing in NVDA just last year, you would triple your money. I invest but only in real companies like, google, meta, Apple but not small companies. UPS, FedEx, Caterpillar, Home Depot and Disney are very good investments..bonds are very slow to generate any reasonable wealth..that is just my opinion. From Canada 🇨🇦
Single stocks can work but only if: 1) You learn to valuate each stock you buy so that you are getting it for less than what it should be worth 2) Diversify into at least 5 stocks in different sectors 3) spend the time each week to keep up with your stocks to ensure they still have the same value as when you bought them 4) you have a steady hand and heart so that if your stock drops or jumps you do not panic buy or sell It is very hard to do which is why for 95% of all people the mutual funds, or more likely index funds, are a better play. Then you can buy it and forget it.
I agree 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.
Well, I gotta admit, I took a hit in the profit department with my stock moves. But hey, every red chart has a chance to turn green, right? Time to step up my trading game and flip that chart for the better.
Investing in this economy is a hell at times for the average person that wants full control of their finances, Even investing in EFT stocks can be risky
The question to be asked at times is not if the government or the economy is responsible for the sudden dramatic shifts in the economy but if we are taking the necessary measures to avoid making losses no matter the situation even if the pay roll is not in your favor.
One of the reasons i follow up these stock videos is to improve the returns of my investments and i can’t really say I’ve been seeing noticeable change though …. I’ll keep following to improve my investment philosophy anyway and find better ways to create smarter investments.
Investing broadly in low risk stocks just after investing in a high risk stock can yield good results. I can’t perfectly explain though I learned things like this from a firm that provided good financial advice.
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?
you are right. it's been a brisk tailwind for lnvestors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financiaI advisor
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
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
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.
Venture Capitalists Bernard Arnault and his peers have swooped in on the opportunity to reap off the masses once BIRK begins appreciating. The sandal is a personal favorite though.
I know of a Birkenstock shopper in Berlin that owned equity under L Chatterton that privately manages the now publicly listed BIRK. She asked me if I was interested in getting shares early so as to earn a carry when they float the company.
Interesting. I would have swallowed up that offer. Are you fr? What do you do? Are there tools that allow investors to invest in companies before they hit the stock market, multiplying those potential gains that otherwise wouldn’t be available after the initial public offering.
I have used the same money manager for close to 10 years. We got in fairly early with a modest amount of money. Inflation has eaten away at the nest egg but we are lucky to have Monica Mary Strigle look after it diligently like she has done the past 8 years.
All good content, but at 5:35 Mr. Kamel mentions "...buy stocks from 90 to 200 companies chosen by a professional fund manager..." when describing what a mutual fund is. I may have misheard, or he might mean something else, but I think stock mutual funds can have many more stocks than this. For example, a mutual fund tracking the S&P500 can have roughly 500 stocks in it. Did I misunderstand?
I was in crypto for a long time but recently got out. The fact every says "this coin is worth this much USD" says it all. If you're always pegging the coin against fiat, it implies the true value is in fiat. Just my opinion. Also the tax implications in Australia are too difficult
I definitely disagree with picking individual stocks.. if you stick to blue chip companies it’s worth it. AMD, Google, Apple, Amazon. Hell even AT&T is paying me good dividends. I’m up like 42% in the last year, mostly picking individual stocks, I do hold VTI it’s now like 20% of my portfolio.
Aggressive growth funds with the same holdings are up the same amount in the last year. They do the work for you so you don’t have to stock pick. Also their risk mitigation and reallocation will typically be better. It’s for people too busy to watch the market.
You make good points. I do not understand the push to mutual funds over index. I have done well with QQQ and ask you to compare it to your favorite mutual fund over various timelines like 10 years 5 years and 1 year. Thanks , and no crypto for me.
Why do you think index funds are different than mutual funds??? The original index mutual fund is the S&P 500. There’s index MF and actively managed MF.
@@chrisforker7487 Why do I think index funds are different than mutual funds? Several reasons, first it takes 3 days for a mutual fund to clear brokerage instead of same day. Second, index are usally passive rather than active for mutual. I trade SPY and QQQ index ETFs. My primary issue is which performs better. So I ask you since you seem to favor mutuals. Please do a compare in your best mutual to my long time favorite, QQQ. By the way, I also do covered strangles. Highly liquid and with high probability for trading. Can I even do that with yours?
@@chrisforker7487because "mutual funds" are synonymous with actively managed. Unless you specifically say "index" the context, especially with Ramsey and affiliates, they mean actively managed and higher fees.
@chrisforker7487 The S&P 500 is not a "fund," it's a stock index. You can buy funds that closely reflex the S&P, but the S&P is not a fund, and you cannot "buy" it.
It's because Ramsey makes money off of them even though picking the outperforming mutual funds year on year _and_ then doing better after expenses is basically impossible. If you had such knowledge, you would make a lot more money with it than just putting meager retirement savings
I think most lnvestors like myself right now are more interested in how we can enhance our earnings during this period of adjustment given the current economic difficulties that the country is experiencing . I'm at a crossroads deciding if to liquidate my $620k stock/bond portfolio, or just wait for favorable times since the market always recover.
Experts are more qualified to offer such specific counsel because the possible benefit increases with risk. So you should consider working with someone reliable.
Having the correct plan in place is crucial; my portfolio is well-suited to each season of the market and recently experienced a 100% increase from early last year. My CFP and I are working on a 7-figure target, albeit this could take until Q3 2024.
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
Thats some hot take on Bonds, do agree at then end where you say, dont tie too much of your money. Another trap is not caring about fees like in Actively Manage Mutual Funds or Index Funds(some of them do have a fee for trades) while ETFs that follow an Index like VOO SPLG, VTI, etc. can save you a lot of dough, and Im not talking about bakery but with that much saving you can always get some doughs, liking them puns.
I'm amazed to see how these "financial advisors" confuse terms themselves. No wonder regular Jo cannot comprehend it. When he said 'Mutual funds" as counterpart to individual stocks he actually meant "index funds". And they are represented by mutual funds and ETFs.
A caveat about mutual funds: they typically have pretty high expense ratios and underperform index funds. Though that's not guaranteed -- Schwab's only way to track the S&P 500, for example, is a low fee mutual fund. It has basically no expenses and tracks the highest performing index on the market. Not even sure why it's a mutual fund rather than an ETF, but hey, it's their company. But ETFs are almost always way better.
Seems to be a lot of people here that misunderstand the meaning of index fund and that it is a description of how the ETF/mutual fund operates.@@chrisforker7487
Bonds are great for risk management during retirement, but only if you don't have much in them. Drawing from bonds when the market is bad allows you to sleep at night and protects against selling when the market is down. For us the bond amount is less than 10% of holdings and makes around 4-5%, but we could live around three years on it easily while the market figures itself out.
I agree. Institutional investors are committing serious capital and the approval of the Bitcoin ETF means BTC is here to stay. Great long term opportunity for retail investors to build wealth.
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, Reproductible approach from anyone who have build wealth. I have saved up $190k to get started.
I'm trying to avoid new buys now in order not to get sucked into a bear trap. On the other hand, I’d love to know best possible areas and ways to invest amid downtrend, my goal is to retire comfortably at a ballpark of $1.2M
In my opinion comfortable retirement all comes down to how you want to live your life, if you pinpoint a particular amount to retire with, then it's only right to plan with a well-qualified advisor
I agree, the role of advisors can only be overlooked, but not denied. I remember few summers back, just after my awful divorce, I was in dire need of investing guidance to keep my head above water and thankfully, I came across someone of grit, helped a lot to grow back my reserve notwithstanding inflation, from $350k to nearly 7figure as of today.
Interesting, I’ve actually been looking into getting one, lately the news I've been seeing in the market hasn't been so encouraging. If you don't mind me asking who's the person guiding you?
She goes by ‘Wendy Birkett” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Unbelievable, Really there is no better feeling than coming across a similar name who has helped change ones family life financially, Yes i know her and honestly i can testify her strategy is amazing and truly worth giving the shot.
If you are nearing retirement, bonds are not a bad investment. The first few years of drawing down your pot in retirement are most vulnerable to sequence of returns risk, so you can use bonds (and even some gold) to hedge against disaster. Then when you've made it through that initial period you can convert back to stocks. There's a reason the biggest investment platforms offer target date funds that include a bigger percentage of bonds nearer to retirement.
What is the most sensible way to buy gold? I’ve heard people mention that but I have never seen a video that lays out not only how to buy but how to sell without incurring huge fees both ways.
Having a large emergency fund in bonds makes sense when you are about to spend the money in retirement, but why would you go back to stocks ? Once you no longer have an income, you will always be subject to future sequence of returns risk, UNLESS you are planning on getting some really blowout good years at the start, and then have way more than you need, and are able to take much more risk with your retirement money. IMO, the real winning move is actually to oversave and invest early, way before retirement, and be able to live off the dividends alone. This provides complete immunity from sequence risk, since dividends on a broad index are fairly stable, even in big down years, and they increase faster than inflation over time. This also means you never need to own more than your emergency fund in short term interest instruments.
@@pete5691 there are gold ETFs available in my country, but I haven't invested in them since I'm not nearing retirement and don't need to diversify as much
@@sprinkle61 there was a study done by Scott cedarburg that showed an internationally diversified stock portfolio gives the least likelihood of failure in retirement taking into account longevity risk etc, make of that what you will, I think it doesn't account for human psychology enough. Sequence of returns doesn't hit you as hard when you've got less years to live, so you should be able to hold an increased percentage in stocks again after an initial period, so I figure why not.
I think you forgot to list actively managed mutualfunds. You are droping "indexfund" many times - why not just straight up say that management fees are a "trap"? When does the Ramsey investment advice finaly switch to broad market indexfunds?
Gold is not an investment and ive never heard it called an investment. It is an asset that has no volatility. If you want to generate wealth, invest. If you want to keep your wealth, buy gold.
There’s nothing wrong with buying single stocks, but you just don’t put all of your money into one stock. Break up $10k into 10 different stocks and you pretty much have a mutual fund with no fees. Look for companies down on industry news or temporary things like when Bud Light took the hit for stupid marketing.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
Not believing in bear markets is an investment trap. I don't care how much the data shows mutual funds are safe investments, EVERYTHING on the stock market goes up and down... If you're like 75 years old you don't need to be withdrawing retirement income in a recession! So I would put the bulk of your investments in bonds if you're in your twilight years, you ALREADY have amassed your wealth, and you just can't afford to lose anything.
For some reason, they don’t think fees matter. They only look at the returns. When accounting for the returns and the fees, I haven’t found much of an incentive to buy mutual funds over passive index funds or ETFs. Dave has said before that he doesn’t like ETFs because they can be traded throughout the day and that encourages day trading. Doesn’t seem like a great argument to me and ETFs have worked great for me so far.
Because Dave Ramsey and his possey of morons give financial advise to two subsets of people: The dirt poor and zero money handling skills, and the ultra wealthy trying to protect their assets. Assuming you probably don’t fall into either of those categories don’t listen to a word they say.
Bonus tip: Beware of "Investing in yourself." People who say that are usually justifying frivilous spending. Investing in your character is free. Actually, it might save you money as you build discipline.
I'm confused by your opinion that investing any extra money into crypto is ok when crypto only has perceived value but investing in individual stocks is bad when you can look at facts like increasing revenues, good balance sheet, increasing market share ect. 🧐🤔
I bought 400 euro of bitcoin last year, but was worth 890 euro this year 😂i sold 500 of it and used that money in s&p 500. Now I have money in bitcoin and if I lose money it does not matter, it is profit only
I'm shocked that a Ramsey personality recommended investing in index funds. They always deny and say that mutual finds are better but don't mention the higher fees that eat away a lot of your gains.
The higher fees eat away nothing because you're outperforming the S&P by 1 to 2% with normally a .15 to .5% expense ratio meaning you're still making substantially more money. Dave himself has says that index funds are fine and can be used with great success. But that there is mutual funds that outperform index funds. So why not buy the ones that outperform the other?
Idk man i like crypto better my crypto portfolio is up 90% ytd my etf portfolio is only up 15% i just like the risk plus im still young if it goes to 0 im okay with that
Not for everyone, I’m in retirement and diversified in all stock. I take some profits off the top to keep in cash for living and can easily outlast a 3-4 year recession without having to sell.
My index funds outperform the s&p 500 without the high fees. Are you a fund manager? You are commenting A LOT about how good mutual funds are. Believe what you want, in the end we’ll both be doing well if we’re investing in either avenue.
@@cody5596No, I am not a fund manager. There's just so much misinformation. I try to inform people with accurate information. I don't know why everybody continuously mentions high fees. I consistently pay half a percent or less across the board on my mutual funds. The funds I own typically do 1.5 to 2.5 percentage points higher than the S&P meaning I typically get a 1 to 2% higher return compared to the S&P. I'm not aware of many index funds that outperform the S&P simply because they are designed to track it exactly. They're not supposed to underperform or over perform by their design. I'm not saying a few don't but they are intended to return exactly what the S&P 500 returns, which is why I prefer mutual funds over index funds
A lot of people have made millions with crypto, but for me, it’s far too risky. Is it a bad investment?? Not sure, but there are also tons of people left holding the bag, as seen a couple years ago.
For stuff like acorns i like for shorter term goals. I look at it outside of retirement. I like using it for like a car downpayment or something like that. Set it forget it and after some time you have a decent chunk of change to throw at a purchase. I agree you wont get rich from it, i just think it has its place
I took it as just being intentional with your money. If you have a need to save for something, be intentional and set aside money each paycheck to save for it rather than a random rounded amount with each purchase. Their motto with budgeting is to give each dollar a job and if you have left over money going to a savings account, it goes against that method.
lol putting crypto as the number 1 bad investment just as Bitcoin is hitting new all time highs. Learn Bitcoin. Not only is it an investment, it’s the best investment.
I invest 15% to Roth 401(k) and 15% to emergency fund. When EF reaches 6 months worth, 3 months goes to the 401(k). Debt free and a thrifty budget makes it possible. Main vehicle, working perfectly but due for major scheduled maintenance, so this time I'm buying a backup vehicle - WITH CASH.
Great advice! It will probably be followed because anyone watching your channel is already (or starting) to be clued in. Love your video style...fun and informative :-)
That Mike Roe joke was HILARIOUS lmao. You earned my sub bro. I have to disagree with you on precious metals though. I agree, they should not be the majority of your portfolio, but having 5-10% in precious metals is reasonable. Yes ammo, food, medicine, etc. are amazing preps in the case of collapse, Gold is good too however. True, you can't use it for much (except advanced electronics manufacturing or jewelry) but it is definitely much more valuable than a bunch of 1s and 0s in a bombed out server room. For one it is near universally accepted as valuable the world over. Also it is very 'monetarily dense'. Ammo is valuable but heavy. Try carrying $2000 of ammo into town for bartering and you'll see what I mean.
Your missing the point he saying that investing in gold over putting that money into S&P500 is bad investment cause S&P500 will give you more of a return in the long run if people want to buy gold is fine not losing money just not gaining as much as they could be in the long run but in their eyes not gaining as much is the same as losing out on money.
@@DarkAlkaid No, you are missing my point. Yes the S&P500 is most likely a better investment in the long run, hence why it makes sense to put most of your money there, but long term gains are NOT guaranteed. For more risk averse people we understand that there is a chance that the index might stagnate or even collapse for whatever reason. Take Japan's stock market as a great example. Banking your entire life's savings on 1s and 0s in a computer server somewhere is all fine and good until something goes wrong, be it a major solar storm, WWIII, or a huge economic collapse, which is why it is common for investors to hedge their stock market bets with a small percentage of precious metals which hedges your risk. 90-95% in index funds and 5-10 percent in gold is a perfectly reasonable strategy for someone who wants to mitigate their risks in the stock market.
I think most crypto is a scam but I own a bit of Bitcoin and Ethereum. Could be the future of currency or it could go to zero. NFT's though make no sense to me, who cares if you have the original.
Inflation has already happened. Your little internet coins are still useless for any actual meaningful transactions And gold gets about half the rate of return as the stock market for the past 80 years or so
I’ve been dollar cost averaging into Bitcoin and ethereum since 2020 and try to keep it at 5% of my total investments. I don’t have debt, so I can afford to do this. It is wayyy by far my top performing investment so far. I will be holding it for long term. If it all went to zero, I would be totally fine.
Virtually all the precious metals brokers you see TH-camrs advertising are scam artists capitalizing on the certain economic uncertainty. There's a reason not one of them lists their prices on their website- they are selling the metals for many times more than they are actually worth. Go watch Scott Schafer's recent video on the topic for more info.
It took me a minute to get the Bond joke, but then it’s early in the day. Cute. I don’t buy bonds. Index funds cover the safety that bonds are suppose to. And bonds, like you said, are Government bonds, I’m not giving any more money to the government!
Well considering the average return for gold is about half that of the return of the stock market for the past 80 years I'd say that's a track record I'm perfectly comfortable with
Hit $250k today, I'm really grateful for the knowledge and nuggets you have thrown on my way over the last few months. Started with $15k in August 2023
Bitcoin literally has institutions ETFs allocating since January this year. You mean to tell me that TRILLION dollar institutions are inferior to the Ramsey way? Hmmm fidelity, Black Rock, etc... The dollar going to zero has a higher chance
A lot of crypto is just an internet meme but some crypto is serious currency. The entire concept is decentralized banking. Crypto removes the need to deposit, withdraw, and transfer money at a bank. The major hurdle for crypto and it taking over the world is everyone being willing to rip off the fiat currency band aid to use crypto.
*Thanks for continuing updates 👍🏻 I'd rather trade the stock market as it's more profitable 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after lI invested $8,000 and got my payout of $120,500 every months,God bless Angela Christine Derle* 🇺🇸🇺🇸🇺🇸..
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Angela Christine for I and my family
Honestly, I'm surprised that this mrs Angela Christine is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well....
use ETF's if you believe in the market as a store of value. mutual funds are great if you believe in active management providing value, it's like investing in crypto currency where the bro is in a fleece vest rather than a punisher Tee.
In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
“Tenley Megan Amerson” my FA, is a well-educated and seasoned expert in the financial industry. She is regarded as an authority in this sector and has a deep understanding of portfolio diversification.
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
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.
My CFA “Tenley Megan Amerson” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from ‘’Tenley.
If you are planning for retirement Here are some key pointers. Firstly, kick-start your savings early to benefit from compounding. The longer your money has to grow, the better. Secondly, make the most of retirement accounts like 401(k)s and IRAs, especially if your employer offers a matching contribution - it's essentially free money. Thirdly, diversify your investments across different assets to mitigate risk. Think stocks, bonds, and real estate.
Great advice for retirement planning! Starting early and taking advantage of employer-sponsored plans can make a huge difference in the long run. And diversifying investments is crucial for managing risk. Thanks for sharing these valuable tips!
Spot on! Planning for retirement is crucial, and these pointers are gold. Diversifying investments is a key strategy plus, having an investment expert by your side can really help navigate the complexities and optimize your financial plan.
Absolutely! Diversifying investments is crucial for long-term success. Having a fiduciary has been transformative. She navigates market fluctuations, identifies opportunities, and keeps me on track for retirement. Her tailored advice boosts confidence and informed decisions. Trusting her skills brings peace of mind, ensuring my future is secure.
That's truly remarkable. I hope you don't mind pointing me towards her direction.
I don't mind, she's Sophia Elaine. One of the finest portfolio managers in the field.
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
It is best to seek the advice of a financial advisor when faced with a decision as important as this one regarding retirement. By doing this, you will be able to choose investments more wisely.
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.
That's impressive ! I could really use the expertise of these advisors.
*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.
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.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Marisa Michelle Litwinsky is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
NFT’s are the single most ridiculous ‘investment’ I’ve ever heard of.
Index funds (passively managed) are cheaper and better about 80% of the time over the long-term than mutual funds (actively managed)
Dave's grifting ass shills actively managed funds because he gets money off recommending it to his followers. That shit is a slime ball move
Dave also claims his stupid funds he picks out preform the market because "past performance clearly means guaranteed future returns" 🤡🤡🤡🤡 I bet Dave's balls deep in large cap tech like a loser....
Lmfao they deleted my comment 🤣🤣🤣🤣🤣🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
Way better than Ramseys investment plan.
I respect Mr. Ramsey for his take on debt.
'The Simple Path to Wealth' by JL Collins is all about index mutual funds. Love that book. Actively managed mutual funds are mostly garbage.
Can you please make a video that walks through how to choose funds in a 401k please!? Thank you!!!! Your videos are so helpful & fun, yet so simple & uncomplicated!!!!
I follow Our Rich Journey on TH-cam. Best advice on how to get started. I’ve accumulated so much knowledge from them not to mention a ton of money gained by investing responsibility
THIS!!!
@@jillmorrison9883You have 3 basic accounts across the board. 401k, Roth, and HSA.
401k- is pre-tax, you pay taxes when you withdraw at retirement,
Roth- you pay taxes up front so it’s tax free at retirement.
HSA- is pre-tax, and taxed at retirement, But you can use it to pay medical and essential save 22% on medical bills
1.Companies sometimes offer a match on 401k, so always invest as much to get all the free month.
2. Then you should invest into a Roth, and max this out first before going to 401k.
3. Then sometimes you may have an HSA, which is similar to a Roth, but used for medical expenses, right now. This is big b/c if you make more than $44k it’s taxed at 22% tax bracket. So anything in HSA that’s used for medical expenses gives you a 22% discount, b/c that money is not taxed.
4. Final investment, after Roth and HSA are maxed, is to work on the 401k.
But make sure you have an Emergency fund set up, b/c that is basically insurance against loosing your house or cars. Or getting into a financial bind.
Investing in single stocks is not a scam. Imagine investing in NVDA just last year, you would triple your money. I invest but only in real companies like, google, meta, Apple but not small companies. UPS, FedEx, Caterpillar, Home Depot and Disney are very good investments..bonds are very slow to generate any reasonable wealth..that is just my opinion. From Canada 🇨🇦
Single stocks can work but only if:
1) You learn to valuate each stock you buy so that you are getting it for less than what it should be worth
2) Diversify into at least 5 stocks in different sectors
3) spend the time each week to keep up with your stocks to ensure they still have the same value as when you bought them
4) you have a steady hand and heart so that if your stock drops or jumps you do not panic buy or sell
It is very hard to do which is why for 95% of all people the mutual funds, or more likely index funds, are a better play. Then you can buy it and forget it.
Very good word. Thank you for saying this. Agree.
1. Cryptocurrency (1:10)
2. NFTs (2:23)
3. Permanent Life Insurance (3:15)
4. Investing in Single Stocks (4:51)
5. Micro-Investing (7:16)
6. Bonds (8:10)
7. Sports Betting (9:36)
10. Precious Metals (10:11)
Bonds are bad? Money managers want bonds as you get closer to retirement
I agree 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.
who is your advisor please, if you don't mind me asking?
Marisa Michelle Litwinsky' is her name. She is regarded as a genius in her area. She’s quite known in her field, look-her up.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
Well, I gotta admit, I took a hit in the profit department with my stock moves. But hey, every red chart has a chance to turn green, right? Time to step up my trading game and flip that chart for the better.
Investing in this economy is a hell at times for the average person that wants full control of their finances, Even investing in EFT stocks can be risky
The question to be asked at times is not if the government or the economy is responsible for the sudden dramatic shifts in the economy but if we are taking the necessary measures to avoid making losses no matter the situation even if the pay roll is not in your favor.
One of the reasons i follow up these stock videos is to improve the returns of my investments and i can’t really say I’ve been seeing noticeable change though …. I’ll keep following to improve my investment philosophy anyway and find better ways to create smarter investments.
Investing broadly in low risk stocks just after investing in a high risk stock can yield good results. I can’t perfectly explain though I learned things like this from a firm that provided good financial advice.
Sometimes not just creating smart investments but also buying assets can improve your profit margin in the long run.
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?
you are right. it's been a brisk tailwind for lnvestors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financiaI advisor
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
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
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Comedy gold that there was a precious metal ad right before he talked about precious metals being a bad investment
Precious metals are only a good investment for those actively selling them at a markup to spot prices. Precious metals are insurance and nothing more.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Could you possibly recommend a CFA you've consulted with?
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
SHE RESTORED MY FINANCES.
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.
l made better decisions that grew my finances (over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house Iast month, and will retire soon.
Get to her, if you care..
Elizabeth Green Hunts
Many needs this info, good stuff.
fake
Venture Capitalists Bernard Arnault and his peers have swooped in on the opportunity to reap off the masses once BIRK begins appreciating. The sandal is a personal favorite though.
I know of a Birkenstock shopper in Berlin that owned equity under L Chatterton that privately manages the now publicly listed BIRK. She asked me if I was interested in getting shares early so as to earn a carry when they float the company.
Interesting. I would have swallowed up that offer. Are you fr? What do you do? Are there tools that allow investors to invest in companies before they hit the stock market, multiplying those potential gains that otherwise wouldn’t be available after the initial public offering.
I have used the same money manager for close to 10 years. We got in fairly early with a modest amount of money. Inflation has eaten away at the nest egg but we are lucky to have Monica Mary Strigle look after it diligently like she has done the past 8 years.
Wow that impressive, who is this Loren? You really are lucky.
Wow! wow! please is there any way to reach their services?
I use acorns and Webull and I’m not only investing spare change but a portion of my income in ETFs, am I doing well?
All good content, but at 5:35 Mr. Kamel mentions "...buy stocks from 90 to 200 companies chosen by a professional fund manager..." when describing what a mutual fund is. I may have misheard, or he might mean something else, but I think stock mutual funds can have many more stocks than this. For example, a mutual fund tracking the S&P500 can have roughly 500 stocks in it. Did I misunderstand?
I was in crypto for a long time but recently got out. The fact every says "this coin is worth this much USD" says it all. If you're always pegging the coin against fiat, it implies the true value is in fiat. Just my opinion. Also the tax implications in Australia are too difficult
Oh the irony, 2 ads after the video (thanks google) no draftkings, but i did get an ad for precious metal sales.....
Lol
I definitely disagree with picking individual stocks.. if you stick to blue chip companies it’s worth it. AMD, Google, Apple, Amazon. Hell even AT&T is paying me good dividends. I’m up like 42% in the last year, mostly picking individual stocks, I do hold VTI it’s now like 20% of my portfolio.
Aggressive growth funds with the same holdings are up the same amount in the last year. They do the work for you so you don’t have to stock pick. Also their risk mitigation and reallocation will typically be better. It’s for people too busy to watch the market.
@@Polarraccoon338 yea I’ve never heard of any find giving that kinda return. But then you also pay fees..
We just sent a lump sum payment to pay off my wife's car! Best feeling ever! Love the videos!
Yep I remember the $20k lump sum on student loans and the $16k on my wife's car. Best feeling ever
Congratulations!
@@donnahampton3632 thank you! We are very blessed to be able to do this before 25 years old!
You make good points. I do not understand the push to mutual funds over index. I have done well with QQQ and ask you to compare it to your favorite mutual fund over various timelines like 10 years 5 years and 1 year. Thanks , and no crypto for me.
Why do you think index funds are different than mutual funds??? The original index mutual fund is the S&P 500. There’s index MF and actively managed MF.
@@chrisforker7487 Why do I think index funds are different than mutual funds? Several reasons, first it takes 3 days for a mutual fund to clear brokerage instead of same day. Second, index are usally passive rather than active for mutual. I trade SPY and QQQ index ETFs. My primary issue is which performs better. So I ask you since you seem to favor mutuals. Please do a compare in your best mutual to my long time favorite, QQQ. By the way, I also do covered strangles. Highly liquid and with high probability for trading. Can I even do that with yours?
@@chrisforker7487because "mutual funds" are synonymous with actively managed. Unless you specifically say "index" the context, especially with Ramsey and affiliates, they mean actively managed and higher fees.
@chrisforker7487 The S&P 500 is not a "fund," it's a stock index. You can buy funds that closely reflex the S&P, but the S&P is not a fund, and you cannot "buy" it.
It's because Ramsey makes money off of them even though picking the outperforming mutual funds year on year _and_ then doing better after expenses is basically impossible. If you had such knowledge, you would make a lot more money with it than just putting meager retirement savings
I think most lnvestors like myself right now are more interested in how we can enhance our earnings during this period of adjustment given the current economic difficulties that the country is experiencing . I'm at a crossroads deciding if to liquidate my $620k stock/bond portfolio, or just wait for favorable times since the market always recover.
Experts are more qualified to offer such specific counsel because the possible benefit increases with risk. So you should consider working with someone reliable.
Having the correct plan in place is crucial; my portfolio is well-suited to each season of the market and recently experienced a 100% increase from early last year. My CFP and I are working on a 7-figure target, albeit this could take until Q3 2024.
Amber Russell Bennett is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online, went to her website, and sent her an email to arrange a meeting. I'm grateful.
Lately i got interested in crypto but has no idea on how to go about it. How does it work please..
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by Stacey Macken a widely known crypto consultant :
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
Her stop calls have saved me from potential losses more times than I can count. Macken's risk management strategies are truly effective
A major distinction between winning and losing is using the right strategy and of course with signals like those of Stacey Macken , profit is assured.
Thats some hot take on Bonds, do agree at then end where you say, dont tie too much of your money.
Another trap is not caring about fees like in Actively Manage Mutual Funds or Index Funds(some of them do have a fee for trades) while ETFs that follow an Index like VOO SPLG, VTI, etc. can save you a lot of dough, and Im not talking about bakery but with that much saving you can always get some doughs, liking them puns.
I'm amazed to see how these "financial advisors" confuse terms themselves. No wonder regular Jo cannot comprehend it. When he said 'Mutual funds" as counterpart to individual stocks he actually meant "index funds". And they are represented by mutual funds and ETFs.
A caveat about mutual funds: they typically have pretty high expense ratios and underperform index funds. Though that's not guaranteed -- Schwab's only way to track the S&P 500, for example, is a low fee mutual fund. It has basically no expenses and tracks the highest performing index on the market. Not even sure why it's a mutual fund rather than an ETF, but hey, it's their company.
But ETFs are almost always way better.
You don’t seem to grasp that there are both actively managed and index mutual funds! Same goes for ETFs.
Seems to be a lot of people here that misunderstand the meaning of index fund and that it is a description of how the ETF/mutual fund operates.@@chrisforker7487
What about day trading? Would love to see that on the list as well.
And the Bond bit was pure gold! 😂 see what I did there 😅
George is so funny!!
Bonds are great for risk management during retirement, but only if you don't have much in them. Drawing from bonds when the market is bad allows you to sleep at night and protects against selling when the market is down. For us the bond amount is less than 10% of holdings and makes around 4-5%, but we could live around three years on it easily while the market figures itself out.
Jesus, so many bots here.
You’re right about crypto and NFTs, but Bitcoin is fundamentally different. Cryptos are speculative securities. Bitcoin is savings technology.
I agree. Institutional investors are committing serious capital and the approval of the Bitcoin ETF means BTC is here to stay. Great long term opportunity for retail investors to build wealth.
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, Reproductible approach from anyone who have build wealth. I have saved up $190k to get started.
Compounding effect is the best. it took me 8 years to grow my retirement fund from $0 to $100k, yet only 4 years from $100k to $200k.
Stocks & index funds can lead to wealth. They didn’t think this video through 😂
What's George's opinion on the buying of bridges? I've been getting some offers... (' o.o)
How
I'm trying to avoid new buys now in order not to get sucked into a bear trap. On the other hand, I’d love to know best possible areas and ways to invest amid downtrend, my goal is to retire comfortably at a ballpark of $1.2M
In my opinion comfortable retirement all comes down to how you want to live your life, if you pinpoint a particular amount to retire with, then it's only right to plan with a well-qualified advisor
I agree, the role of advisors can only be overlooked, but not denied. I remember few summers back, just after my awful divorce, I was in dire need of investing guidance to keep my head above water and thankfully, I came across someone of grit, helped a lot to grow back my reserve notwithstanding inflation, from $350k to nearly 7figure as of today.
Interesting, I’ve actually been looking into getting one, lately the news I've been seeing in the market hasn't been so encouraging. If you don't mind me asking who's the person guiding you?
She goes by ‘Wendy Birkett” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Unbelievable, Really there is no better feeling than coming across a similar name who has helped change ones family life financially, Yes i know her and honestly i can testify her strategy is amazing and truly worth giving the shot.
If you are nearing retirement, bonds are not a bad investment. The first few years of drawing down your pot in retirement are most vulnerable to sequence of returns risk, so you can use bonds (and even some gold) to hedge against disaster. Then when you've made it through that initial period you can convert back to stocks.
There's a reason the biggest investment platforms offer target date funds that include a bigger percentage of bonds nearer to retirement.
What is the most sensible way to buy gold? I’ve heard people mention that but I have never seen a video that lays out not only how to buy but how to sell without incurring huge fees both ways.
Having a large emergency fund in bonds makes sense when you are about to spend the money in retirement, but why would you go back to stocks ? Once you no longer have an income, you will always be subject to future sequence of returns risk, UNLESS you are planning on getting some really blowout good years at the start, and then have way more than you need, and are able to take much more risk with your retirement money. IMO, the real winning move is actually to oversave and invest early, way before retirement, and be able to live off the dividends alone. This provides complete immunity from sequence risk, since dividends on a broad index are fairly stable, even in big down years, and they increase faster than inflation over time. This also means you never need to own more than your emergency fund in short term interest instruments.
@@pete5691 there are gold ETFs available in my country, but I haven't invested in them since I'm not nearing retirement and don't need to diversify as much
@@sprinkle61 there was a study done by Scott cedarburg that showed an internationally diversified stock portfolio gives the least likelihood of failure in retirement taking into account longevity risk etc, make of that what you will, I think it doesn't account for human psychology enough. Sequence of returns doesn't hit you as hard when you've got less years to live, so you should be able to hold an increased percentage in stocks again after an initial period, so I figure why not.
@@sprinkle61 agreed
I think you forgot to list actively managed mutualfunds. You are droping "indexfund" many times - why not just straight up say that management fees are a "trap"? When does the Ramsey investment advice finaly switch to broad market indexfunds?
@@RogerNexus Yup. JL Collins > Dave Ramsey
Because the management fees are essentially nothing compared to the 2% gain, you can get on top of the S&P by having an actively managed fund
@@b.m.4066Read ‘The Simple Path to Wealth’ by JL Collins and you’ll realize that index funds are so much better than actively managed funds.
@@b.m.4066 are those long term after fees 2% over-performing funds in the room with us now?
@@b.m.4066 are those long term after fees 2% out performing funds in the room with us now?
Stop telling people to invest in mutual funds.
Why?
10% since January
@@ryanp2182 George is talking about actively managed mutual funds.
Some of us like to get higher rates of return than the S&P 🤷
@@b.m.4066 Risk V Return
@@b.m.4066 Over a 20+ year horizon? Best of luck.
Gold is not an investment and ive never heard it called an investment. It is an asset that has no volatility. If you want to generate wealth, invest. If you want to keep your wealth, buy gold.
There’s nothing wrong with buying single stocks, but you just don’t put all of your money into one stock. Break up $10k into 10 different stocks and you pretty much have a mutual fund with no fees. Look for companies down on industry news or temporary things like when Bud Light took the hit for stupid marketing.
Virtual roulette lol… that’s what they said about internet banking.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14, 120.47 weekly profit Our lord Jesus have lifted up my Life!!! A. V
Thanks to Mrs Deborah Davis.
She's a licensed broker here in the states
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
Not believing in bear markets is an investment trap. I don't care how much the data shows mutual funds are safe investments, EVERYTHING on the stock market goes up and down...
If you're like 75 years old you don't need to be withdrawing retirement income in a recession! So I would put the bulk of your investments in bonds if you're in your twilight years, you ALREADY have amassed your wealth, and you just can't afford to lose anything.
Props to george. He is a content MACHINE
Kamel Kamel Kamel!!
Mutual funds or ETFs! ETFs are one of the most popular investment funds but dave ramsey and his crew barely ever mention them 🤔
For some reason, they don’t think fees matter. They only look at the returns. When accounting for the returns and the fees, I haven’t found much of an incentive to buy mutual funds over passive index funds or ETFs. Dave has said before that he doesn’t like ETFs because they can be traded throughout the day and that encourages day trading. Doesn’t seem like a great argument to me and ETFs have worked great for me so far.
The amount you'll pay in fees in unbelievable... and who gets paid? DAVE.... only stupid spoon fed babies need someone else to manage their money.
Ramsey doesn't get commissions or kickbacks on no-load mutual funds or index funds or ETFs. That's why he won't recommend them.
Because Dave Ramsey and his possey of morons give financial advise to two subsets of people: The dirt poor and zero money handling skills, and the ultra wealthy trying to protect their assets. Assuming you probably don’t fall into either of those categories don’t listen to a word they say.
TH-cam please do something about the bots
The fact that George uses Seinfeld references most of the time automatically makes him a Gen X ( in part )
Buy bitcoin and hold.
Bonus tip: Beware of "Investing in yourself." People who say that are usually justifying frivilous spending. Investing in your character is free. Actually, it might save you money as you build discipline.
The Mike Rowe joke 😂😂
I'm confused by your opinion that investing any extra money into crypto is ok when crypto only has perceived value but investing in individual stocks is bad when you can look at facts like increasing revenues, good balance sheet, increasing market share ect. 🧐🤔
I bought 400 euro of bitcoin last year, but was worth 890 euro this year 😂i sold 500 of it and used that money in s&p 500. Now I have money in bitcoin and if I lose money it does not matter, it is profit only
Nothing wrong with crypto in my opinion, as long as you’re not betting everything on it I see no harm in some speculation.
@@cody5596 ooh I do agree, the problem is only that lots of people try to bet with leverage and that is a huge risk
I'm shocked that a Ramsey personality recommended investing in index funds. They always deny and say that mutual finds are better but don't mention the higher fees that eat away a lot of your gains.
The higher fees eat away nothing because you're outperforming the S&P by 1 to 2% with normally a .15 to .5% expense ratio meaning you're still making substantially more money. Dave himself has says that index funds are fine and can be used with great success. But that there is mutual funds that outperform index funds. So why not buy the ones that outperform the other?
If you're going to give credit for Life is a Highway, at least shout out the song writer and original performer Tom Cochrane.
I thought the same thing, but George is younger and his first exposure to the song was probably in the movie Cars which was performed by Rascal Flatts
@@freedomring3022 I get he is younger but that song has been out in commercials for years. He must have heard it before somewhere
@@laundrygoddess4 true .. just throwing my theory out there
Why'd ya choose 1989? lol
Came here for the uneducated crypto hate
Idk man i like crypto better my crypto portfolio is up 90% ytd my etf portfolio is only up 15% i just like the risk plus im still young if it goes to 0 im okay with that
Calling bonds an investment trap is ignorant. Bonds are a part of a diversified portfolio especially if you’re in retirement.
True. Bonds are fine for older folks. Nothing wrong with locking in 5% when you can.
Not for everyone, I’m in retirement and diversified in all stock. I take some profits off the top to keep in cash for living and can easily outlast a 3-4 year recession without having to sell.
Sure when bonds are paying 5 to 7% like they have been recently but when bonds are paying 1 to 2%. They're no better than a money market account
Glad to see the sponsor for this video isn't BH
So Crypto… is just gold
Life Cinnamon 🤤
Mutual funds are a scam to...
Index Funds are the only Funds you should own.
Why so I can get a lower rate of return?
Please god if you see this comment DO NOT BUY MUTUAL FUNDS. Buy an ETF like an intelligent human. QQQ, SCHD, VOO. That’s all you need.
VOO and chill 😎
You can get great passive mutual funds like FXAIX and FSKAX for the cheapest way to own the S&P500 and total market respectively at .015 expense ratio
Some of us like to get higher returns than the S&P 500 provides
My index funds outperform the s&p 500 without the high fees. Are you a fund manager? You are commenting A LOT about how good mutual funds are. Believe what you want, in the end we’ll both be doing well if we’re investing in either avenue.
@@cody5596No, I am not a fund manager. There's just so much misinformation. I try to inform people with accurate information. I don't know why everybody continuously mentions high fees. I consistently pay half a percent or less across the board on my mutual funds. The funds I own typically do 1.5 to 2.5 percentage points higher than the S&P meaning I typically get a 1 to 2% higher return compared to the S&P. I'm not aware of many index funds that outperform the S&P simply because they are designed to track it exactly. They're not supposed to underperform or over perform by their design. I'm not saying a few don't but they are intended to return exactly what the S&P 500 returns, which is why I prefer mutual funds over index funds
Zingers for days!
A lot of people have made millions with crypto, but for me, it’s far too risky.
Is it a bad investment?? Not sure, but there are also tons of people left holding the bag, as seen a couple years ago.
Allocating $0 to crypto isn't smart. At least put $1k in it. That's not a lot of money
For stuff like acorns i like for shorter term goals. I look at it outside of retirement. I like using it for like a car downpayment or something like that. Set it forget it and after some time you have a decent chunk of change to throw at a purchase.
I agree you wont get rich from it, i just think it has its place
I took it as just being intentional with your money. If you have a need to save for something, be intentional and set aside money each paycheck to save for it rather than a random rounded amount with each purchase. Their motto with budgeting is to give each dollar a job and if you have left over money going to a savings account, it goes against that method.
Give whoever wrote that Mike Rowe joke a raise 🤣🤣🤣🤣🤣
Been looking for something cheaper than mint mobile.
Signing up today!
lol putting crypto as the number 1 bad investment just as Bitcoin is hitting new all time highs.
Learn Bitcoin. Not only is it an investment, it’s the best investment.
Great way to make a boring subject fun. Thank you.
I invest 15% to Roth 401(k) and 15% to emergency fund. When EF reaches 6 months worth, 3 months goes to the 401(k). Debt free and a thrifty budget makes it possible. Main vehicle, working perfectly but due for major scheduled maintenance, so this time I'm buying a backup vehicle - WITH CASH.
08:10 I'm a fan of Bonds for an emergency fund. You can do as short as a 1 month Tbills that get 4% or so.
Great advice! It will probably be followed because anyone watching your channel is already (or starting) to be clued in. Love your video style...fun and informative :-)
Video hits different after reading about this in your book yesterday
That Mike Roe joke was HILARIOUS lmao. You earned my sub bro.
I have to disagree with you on precious metals though. I agree, they should not be the majority of your portfolio, but having 5-10% in precious metals is reasonable.
Yes ammo, food, medicine, etc. are amazing preps in the case of collapse, Gold is good too however. True, you can't use it for much (except advanced electronics manufacturing or jewelry) but it is definitely much more valuable than a bunch of 1s and 0s in a bombed out server room. For one it is near universally accepted as valuable the world over. Also it is very 'monetarily dense'. Ammo is valuable but heavy. Try carrying $2000 of ammo into town for bartering and you'll see what I mean.
Your missing the point he saying that investing in gold over putting that money into S&P500 is bad investment cause S&P500 will give you more of a return in the long run if people want to buy gold is fine not losing money just not gaining as much as they could be in the long run but in their eyes not gaining as much is the same as losing out on money.
@@DarkAlkaid No, you are missing my point. Yes the S&P500 is most likely a better investment in the long run, hence why it makes sense to put most of your money there, but long term gains are NOT guaranteed. For more risk averse people we understand that there is a chance that the index might stagnate or even collapse for whatever reason. Take Japan's stock market as a great example. Banking your entire life's savings on 1s and 0s in a computer server somewhere is all fine and good until something goes wrong, be it a major solar storm, WWIII, or a huge economic collapse, which is why it is common for investors to hedge their stock market bets with a small percentage of precious metals which hedges your risk. 90-95% in index funds and 5-10 percent in gold is a perfectly reasonable strategy for someone who wants to mitigate their risks in the stock market.
I think most crypto is a scam but I own a bit of Bitcoin and Ethereum. Could be the future of currency or it could go to zero. NFT's though make no sense to me, who cares if you have the original.
Basically dont invest in anything outside of the dollar and market...crypto and metals will perform well with inflation coming..
Inflation has already happened. Your little internet coins are still useless for any actual meaningful transactions And gold gets about half the rate of return as the stock market for the past 80 years or so
I’ve been dollar cost averaging into Bitcoin and ethereum since 2020 and try to keep it at 5% of my total investments. I don’t have debt, so I can afford to do this. It is wayyy by far my top performing investment so far. I will be holding it for long term. If it all went to zero, I would be totally fine.
Virtually all the precious metals brokers you see TH-camrs advertising are scam artists capitalizing on the certain economic uncertainty. There's a reason not one of them lists their prices on their website- they are selling the metals for many times more than they are actually worth. Go watch Scott Schafer's recent video on the topic for more info.
"FOMO of missing out"? George, do you say "ATM machine" too? :)
Front load mutual funds not make the list?
Hey, George! I do Micro-investing (Acorns) on top of the 30% of my income that I already invest for retirement. Are you still suggesting I nix Acorns?
That is the correct take on crypto. Speculate on it after you’ve got your fiscal ship in shape.
It's somewhere between real investing and gambling. It's best to think of it as "experimental investment" rather than sound reasoning investment.
I do acorns. Simple. But I also do 15%. Also, to me, sports betting isn’t investing, I think people do as entertainment.
It took me a minute to get the Bond joke, but then it’s early in the day. Cute. I don’t buy bonds. Index funds cover the safety that bonds are suppose to. And bonds, like you said, are Government bonds, I’m not giving any more money to the government!
April 6, 2024
S&P is 5204
Gold is 2330
Silver is 27.54
Let's see how his "dont buy precious metals" advice ages--
How are the returns on owning gold? 😂
Precious metals are waking from a long hibernation. Dow (currently 38500) and gold (2350) will cross paths somewhere in between.
Well considering the average return for gold is about half that of the return of the stock market for the past 80 years I'd say that's a track record I'm perfectly comfortable with
@@afewnicethings7994almost a 100-year hibernation?
Gold it only serves to perserve value they don´t increase per se
I bought bitcoin back in 2015 it was worth $350. I invested $10,000 and had 28 bitcoins. I sold everything when it hit $71,000.
That's about $2m right now
@@martysamuels hell yes.
Hit $250k today, I'm really grateful for the knowledge and nuggets you have thrown on my way over the last few months. Started with $15k in August 2023
@@Lloyd793Please how do I go about it
I'm still a newbie on investment trading and how can I make profits.
Some times last week I tried trading all alone but ended up loosing $3K 😢
What do you suggest life insurance wise with medical issues? My husband was denied bc of diabetes. I was due to mental illness.
You are stuck. No company will write fire insurance on a burning house.
Bitcoin literally has institutions ETFs allocating since January this year. You mean to tell me that TRILLION dollar institutions are inferior to the Ramsey way? Hmmm fidelity, Black Rock, etc... The dollar going to zero has a higher chance
A lot of crypto is just an internet meme but some crypto is serious currency. The entire concept is decentralized banking. Crypto removes the need to deposit, withdraw, and transfer money at a bank. The major hurdle for crypto and it taking over the world is everyone being willing to rip off the fiat currency band aid to use crypto.
*Thanks for continuing updates 👍🏻 I'd rather trade the stock market as it's more profitable 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after lI invested $8,000 and got my payout of $120,500 every months,God bless Angela Christine Derle* 🇺🇸🇺🇸🇺🇸..
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
A lot of good news about her even on the news today and so many recommendations on TH-cam. She must be a great person, I’m willing to work with her
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Angela Christine for I and my family
Honestly, I'm surprised that this mrs Angela Christine is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well....
use ETF's if you believe in the market as a store of value. mutual funds are great if you believe in active management providing value, it's like investing in crypto currency where the bro is in a fleece vest rather than a punisher Tee.
Id like to see the gold vs s&p growth... recently viewed a charting comparison from 1960 to present which basically showed them to grow in step.
NFTs are the Beannie Babies of technology. I always laugh at the precious metals commercials, "Send us your worthless cash and we'll send you gold."
i'm not even joking, back in 2022 I was seriously considering the infinite banking stuff and I've also lost hella in the btx drama..never again.
btc better in the last what 5 years tho