like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne” and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I sometimes use my ETFs to buy dividend and growth stocks for diversification instead of reinvesting in the same place. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
ThIS current market might create short-term opportunities to maximize profit, but in order to execute such strategy , you must be a skilled practitioner
Or better yet, have one. For several years, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q4, 2023. Right now i am just looking for ways to recover
There are a lot of strategies to make tongue-wetting profit especially in this current market, but such sophisticated trades can only be carried out by proper market experts
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
After I raised up to 325k trading with her I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God.shalom..
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing I paid off my $529k 2.125% 15 years loan in 8 months. Now totally debt free with 2 paid off rentals. Love having no debt for the last 5 months. Thank you SARAH JENNINE DAVIS
I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing?
Don't be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60% + from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to SARAH JENNINE DAVIS
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Not a great July so far but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $70k. You might also consider financial advisory looking at your capital.
Investing Is more than reading quarterly reports. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Kathleen Cheryl Constantz’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I have $100k that i like to invest in a non-retirement account, Where would you invest this as of now?
I would avoid the index funds or specific stocks cos 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery or better still consult with a market expert for guidance.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
I am tired at this point. my retirement contributions haven't improved my 401k, Despite reducing my TH-cam watching and increasing research. Should I consider investing in popular index funds through a brokerage account as a potentially better option to boost my retirement savings and outperform my current strategy?
My suggestion to any investor old or new is to get a mentor and don’t just go buying stocks without proper considerations. Most of what is pumped out by the media is what most TH-cam ‘fin-entertainers’ churn out to you as fear uncertainty and doubt.
Agreed. That and reading some basic principles laid out in books like The Intelligent Investor by Benjamin Graham. There are also good TH-camrs out there like Felix, Graham Stephan, Humphrey Yang and a few others, but generally you are right.
Its unclear which stocks and sectors will lead the market in the next uptrend. Stay away from the stock market if you do not have guidance from a plannner and investment strategist. My finances have been in order since I got a wealth planner like Monica with a 600 B AUM working for me.
You mentioned Monica - who is she? I've been searching for a financial advisor who can provide guidance on the economic outlook, but I don't have access to professionals in my area since I don’t live in a big city.
My CFA monica mary strigle , 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.
@@user-nn4er5wn5h Pick everything. ie, a total market fund, or total world fund... probably do better than most. Just find the cheapest one and go with that.
@@healthyconnects6124 Mutual funds …ETFS… and there are other things.. I would suggest ETFS or Mutual Funds. Plus your work retirement. Be happy to help if you like.
The stock market is more volatile than ever. recently went "all in" and bought up $80k worth of ETF's & individual stocks, my aim is to take advantage of this S&P 500 downtrend, what could be accurate predictions moving forward? Open to chat.
There are 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. That’s what I am up to, steer clear from the equities and bond market, my humble opinion.
I agree, I have used the same money manager for close to 4yrs who have been involved in launching IPOs. We got in fairly early with a modest amount of money. Then it mushroomed like an atomic bomb. We had over 4 m dollars after GME profits in 2020/2021.
Definitely private investing is the way to go. Our government keeps lying. I’d like to earn like that is it a private equity fund or mutual funds investing?
Amazing video, I'm thirty-two years old and have saved little over $50,000. Right now, it's 4.3 APR on a High Yields Savings account. I have dabbled in stocks a little bit in the past, but I have never really "invested." If you were me at my age, with the amount of money I have, and the state of the market at the moment, what would you do? How would you respond? Would it be a terrible idea for me to take it out and invest in Microsoft/Apple or perhaps an ETF like SPY/VOO? I'm watching TH-cam vids on any assistance they may provide.
Earmarking a percentage of your cash on hand into a publicly traded company with a open Regulation A Fundraising round can provide more leverage for the capital that you currently have just parked in a savings account
Don't be in a hurry to get back in. The market needs several days of strong performance to signal that the downturn might be over; It's a time to be largely, if not entirely, in cash
The market has hit all time highs what are you talking? most of the cash in equity portfolios that used to be sitting on the sidelines is now back in the market, leaving little additional sideline cash available to invest and push prices much higher in coming months. So observe or work with a remarkable and verifiable planner.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
🗣️📣 Hi Brother 🤗, What's The Ticket Symbol Of YOUR 4-Types Of Mutual Funds & INDEX Funds That You HAVE {NAMES PLEASE???} ⁉️❓ ❓ PLEASE Post The Ticket Symbol's Of Each One⁉️ Thanks 🙏🏼GOD-BLESS-US-ALL🙏🏼 🙏🏻🙏🏽🙏🏾🙏🏿🙏 {{Growth, Growth & Income, Aggressive Growth, International, with a TEN+ Year's Track Record}}
As I ponder investing the proceeds from my recent Portland home sale into stocks, I'm torn between seizing the opportunity and timing the market. While I recognize it's a great time to buy, I'm uncertain if it's the perfect moment for me. My mind is also boggled by the impressive gains others in the same market have made - over $450,000 in mere months! I'm left wondering when I'll fully recoup my investment and whether I'm making the right move?
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
@@calvinlewis-h2-mine is my beautiful fiance whose a gold expert @ Morgan Stanley world headquarters in NY. She can make 7k in under 30 seconds.... what's NOT to love?
I have an $560,000 portfolio from my old job and retired six years ago. Lately, it’s been doing poorly, with only 6% growth in the past three years and I feel stuck. I desperately need to revamp my investments. Any advice on what to do with my money would be greatly appreciated.
Same old advice. Check what funds you are invested in. Make sure it's stocks & shares. Not bonds & cash. There was a large increase in the markets at the start of this year. Mine went up just over 10% in a few months.
This is what people that handle their portfolio themselves go through. I will advice you get yourself some professional advisor to help you make better portfolio decisions.
I agree. Working with an advisor has set me up for life, with about $1.6 million currently in my stock portfolio. I max out my 401k and own a few properties. After 32 years as a language tutor with an annual salary just over $80k, I’ve learned that consistent, regular investing is key to minimizing risks and maximizing growth.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.
These are fund types he mentioned, not specific fund names. Also, it's important to consider how much to invest in each type, based on your age and risk tolerance. Hope this helps!
In all the videos I've watched, he has only mentioned a couple. You have to do your own research. Or buy VOO and be done with it. It doesn't follow Dave's plan, but it buys you the S&P500, which is essentially the market. If the market is up, you are up, if the market is down, you are down. International funds have done terrible for about a decade, I see no reason to buy them. You can't trust anything in China, ALL their financial data is made up, so I don't even bother. Google growth, aggressive growth, growth and income and international mutual funds. Learn about it yourself.
Regarding used vehicles…my Dad bought a 2006 Toyota Highlander Hybrid last year for $4000 and it’s been a fantastic car for him. My Mom drives it every day and he uses it for delivering pizzas and all his errands. I think it had 250k miles when he bought it and it’s given him zero major issues. It has a few quirks but that’s it. The key is, to buy a used car that is well made. Don’t buy a 2006 Ford Focus because it WILL be a piece of crap that won’t last.
Why tf are you talking about this here??? This is about investing your money into stocks. Not a damn vehicle 😂😂😂 wtf is going on in your head my guy or gal or whatever other letter you wanna be called by
And what if by the time you’re retiring and want to pull the money out your accumulated funds are trapped in a bear market? A market which will not rally for another 10 years say? Then you’re screwed and will have to pull the money out early losing potentially all market gains and more. It’s just bad luck in that case
@@jakemorj5498 If that is the scenario they didn't balance between stocks, bonds and mutual funds. Diversification is the ONLY way to weather that situation.
There is a 4 % rule if your invested amount become x time and you are getting avaerage returns lets say 14-15% index funds give this then 4% withdraw every year 7 % inflation year on year Then also your x amount remain same as well as 4 % appreciation on that x amount also.
It would be helpful if Dave made a list of funds that fall into those particular categories for some of the major investment companies (fidelity, vanguard, schwab, capital group, etc). Not as a recommendation, but just as an fyi because they aren’t listed as growth, growth and income, international on those websites. Probably could figure out which category they are for some funds, but some funds are harder to figure.
@@damondiehl5637 mutual funds have a high expense ratio so if a fund is getting 15% average returns after your done paying the cost of having it managed its usually the same return as a 10-12% average return index lol
I know nothing about investing. Could you possibly explain what investing in mutual funds, growth, growth and income, aggressive growth, and international are, and why they are good to invest in?
I recommend looking up this stuff yourself on Google (Investopedia is one example resource), but here you go: Mutual funds are groups of investments (can be stocks, bonds, cash accounts, or a mixture) that you can invest in through taxable and tax-advantaged brokerage accounts. They allow you to easily invest into a bunch of different things without having to pick them all one-by-one. They classify these funds based on the types of things they invest in. Growth funds try to focus on things that will go up in price (so you can sell it later for a larger profit). Income funds invest in things that pay you directly, like through dividends, but they may not go up in price as much as things in a growth fund. Aggressive growth focuses on on more "risky" investments like stocks instead of less risky investments like bonds. International funds invest in non-US companies.
With that set of funds, Dave is investing in mid-cap, small-cap and international stocks and avoiding large-cap stocks. So he is trying to focus on up and coming companies who can experience explosive growth. It is really hard for a large cap stock to do something really innovative. They are experts in their sector, but they are not agile. So they dominate and churn out predictable results. A growth and income fund is a well-established mid-cap stock that is paying a dividend. At the mid-cap and especially small-cap level, companies don't pay a lot of dividends, because they need that money to put toward growing their business. You can do research at Fidelity or Vanguard and find funds that they offer in those categories. Vanguard is especially famous for having the lowest management fees, especially for their passively managed funds (a computer program is analyzing and picking the stocks instead of a human). But you can also buy the equivalent as an Exchange Traded Fund (ETF). They own a set o stocks, like a mutual fund, but are traded and sold like stocks. Examples: VTI is the same as Vanguard's Total Stock Market fund. VOO is the same as their fund that mimics the S&P500. VO is their mid-cap offering . VB is their small-cap offering.
Question: I’m 22 and I’m trying to max out my work Roth 401k for a few years to set myself up done the road. Coming to the end of the first year now. Originally I was 100% invested in a 2060 target date fund then switched to one of the bigger s&p 500(Schwab I think). Was that a good choice?
You are fine, just be aware that you are only investing in the top 500 companies, and missing out on possible opportunities with mid-cap and small-cap companies. Your 401k might not have offerings for them. Maybe set aside some money for an IRA, too, dedicated to getting mid-cap and small-cap exposure.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
My dad told us about an aunt and uncle who did nothing with their investments when the stock market crashed in 1929. They ended up so well off that the aunt didn't mind when their grandchildren were tracking mud on one of their hand-knotted Persian rugs. She said I can replace the rug but not the grandchildren!
same. my wife invested in the basics and money markets and during covid when people were down like 30% or more she came out only 2% positive. but thats a big win. no losses
Dollar cost averaging, is buying every payday, setting it up automatically. Growth, aggressive growth, income, and international. Another way to say that is: Large cap index , small cap index, large cap blend index, and international index.
80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850,000 with the help of my advisor from an initial $150,000 investment.
My advisor is a lady and goes by the name Melissa Jean Talingda 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.
Ramsey has Endorsed Local Providers (ELPs) who can help. Fidelity and Vanguard and others like that also have people who can help. All you really need to do is go to Vanguard or Fidelity or Schwab or ETrade, etc. and open an account. Create a Traditional or Roth IRA. Link the account to your bank account, so you can transfer money back and forth. Then decide which mutual funds or ETFs or sticks you want to invest in. Mutual funds are offered by places like Vanguard and Fidelity. Sometimes you have to invest at least a minimum amount and they may charge a load fee or an annual maintenance fee. They all vary a lot. There is a lot of information on their websites. Look at their products and what it takes to invest. An ETF is like a mutual fund, but can be bought and sold like a stock. Investing can seem complicated, at first, and you can make it complicated, but it is really not that hard. Maybe just open a regular account, and buy and sell small amounts of a few stocks, just to see what it is like. Invest the minimum amount in one of Vanguard or Fidelity's low-fee mutual funds, and let it sit through a couple quarters to see how dividends are applied.
Thanks for the analysis! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Most of his real estate was bought after 2008. After years of living debt free. Good for him. He was smart to be in that position when the market crashed
Rental properties can provide a steady cash flow. The average return on investment (ROI) for real estate is higher than many other asset classes, often yielding 8-12% annually.
Vanguard has seven ETFs with performance records of 12-16% for more than 10 years. That's a pretty simple way to get stellar returns and not have to worry about the government telling you you can't evict tenants for not paying the rent, and dealing with finding new tenants and fixing you units after tenants trash them, and fires, floods, hurricanes, tornadoes, etc.
... Ive been listening to your show , and although there aresome marked diffwrences in our economy to the US, many principles can be definitely be applied and arr useful , such as Keeping a budget, not overspending more than one makes a month, not eating out , paying in cash etc. Very interesting , has helped me control my expenses in this particular crisis moment in Argentina that prices have gone way above people' s income, and our purchasing power is gone.
Though dividend-paying stocks don’t offer dramatic price appreciation, they can provide a consistent income stream. Renewed buying strength in markets in September and October. I want to invest more than $100k, but I'm not sure on how to mitigate risk
@@cesar-yj5dc Why have a CD when you can stash your money in a fintech HYSA that earns you more in interest than said CD, and the upside is you get to withdraw your money whenever you like. I use wealthfront for that & have been using it for 13 months now, and I'm very pleased
I have question for anyone that can answer. Let’s say I invest in these four mutual funds specifically. Let’s say from Vanguard. So what do I do after I purchase or invest in these four mutual funds from Vanguard? Do I continue to purchase another four and now I have eight or do I invest in buying these mutual funds with another company? How do you invest in the mutual funds and not stop like he’s Suggesting? Thanks 😊
It depends where you invest. Some accounts (like IRAs and 401ks) have restrictions on when you can withdraw and how much you can withdraw. Taxable brokerage accounts don't have those restrictions, though. You COULD sell/withdraw, but that doesn't mean that it is a good idea. If the investment lost value and you sell, you lost money. Even if it gained value, the profit may be taxed. Regardless, investing is generally best done over a long, long time so that there is enough time to sufficiently gain value.
Remember, you don't invest money you absolutely need. And you will not get wealthy in your lifetime doing this, unless you have a high source of income.
I was thinking this! Recently read a blog that said “invest $500 a month for roughly 35 years to have million dollars. Can’t get rich fast” Yeah that sounds amazing! However, a lot of us don’t have extra $500 laying around. Even if we do manage to set $500 aside, I personally would want to have in in arms reach for anything! Not in an account where I can’t take it out without paying a fee..
Anyone can say what our good friend Dave just said. It’s meaningless information because he doesn’t suggest what funds, and more importantly what the load is. Like always, Dave is about Dave.
Anyone who talks honestly about the stockmarket always says do your own research. Dave told you the 4 mutual funds to look at and how long they were open. So your job is to research the funds YOU want in those categories and criteria. He'd be there for a while telling us what he does but if something fails he doesn't want responsibility of your actions. He was be generous. He didn't have to tell us how he made his money investing.
If you don't wanna think, you can just invest in the all in one ETFs that became popular recently. Not all are 10 years old but they usually hold other ETFs that are older. You won't need to care about growth, growth and income, aggressive growth or international. It includes everything. You only need to select equity vs bonds ratio.
I like ETFs, because the fees are lower than mutual funds. These fees compound over time. I can buy VTI which tracks the total US market and I can buy VOO and track the Fortune 500 companies and be diversified. With Low fees and good growth over time that also pays qualified dividends that I can reinvest
VOO or SCHD or QQQ are good funds to start out in. Vanguard has seven different ETFs that have a performance record of over 12% since inception (more than 10 years). Fidelity has five. You have to look at the top 10 stocks each one invests in. Most of them consist of different weightings of the same 10-12 stocks.
Depends on your age and how much risk you are willing to take, but ETFs or mutual funds are generally preferred since they let you buy a lot of things at once with low effort. Stocks are riskier than cds, bonds, and money market accounts, but they are likely to make more money in the long term. If you want a specific example, VOO is an ETF that tracks the S&P 500 (largest 500 publicly-traded companies in the US).
If you open an account at ETrade, you can buy any stock on the market. You can also go to Vanguard or Fidelity. A lot of their funds require a minimum amount ($1000, $3000 or more, depending on the fund), so you may have to just transfer money in for a while. But they also allow you to buy fractional shares. Go there and do your research.
@@gabeeskridge8291 Look it up. There are quite a few resources that compare the two. I haven't looked it up recently, but the main reason I prefer ETFs is that you can buy/sell them quicker.
You have a good income job that covers your needs, save $$ and eventually use extra money you have laying around to invest. It’s not a fast tactic to get rich. Takes years!
The part about contributing as much as you can is the most important thing he said. And this is why you can disagree with his investment strategies all you want, but at least he’s preaching to contribute the max
my question is when you open the roth IRA or 401k do you pick the mutual funds up front? or do you invest for years before it builds up then pick the mutual funds? I just started following Dave, and I have a 401k from a former office just sitting there. when to invest in the mutual funds?
Dear god…please make sure that money is invested right away. A 401k is just a vehicle. You have to choose what you do within that vehicle, otherwise it’s just sitting there doing nothing and getting eaten alive by management fees. Log in and direct that money into an index fund asap if it isn’t already!
if it's from a former employer I'd highly recommend you do a rollover into a Roth ira or traditional ira and then pick the investments within that ira.
Hopefully you have a cash sweep if not get all that cash into a money market fund and start buying the S&P or Nasdaq a little at a time until it's all invested. There's balanced funds as well that mix stocks with bonds like FBALX. Don't buy all at once because it's better to average in so you don't buy the top. Spread it out over several months or even a year or two if you have a whole lot.
So much advice. That is probably more confusing then helpful. So keep it as simple as possible #1 max out (Roth) ira contribution = tax free growth #2 s&p 500 (index fund) = you are not a full time market Analyst. Don't try and beat the market. Vanguard vfiax Or voo Do 2 yr contribution then continue to contribute your max for the rest of your working life in roth irs and you will not regret it
Growth and income probably means large-cap (pays a dividend) Growth probably means mid-cap (may or may not pay a dividend, is focused on growing bigger) Aggressive growth probably means small-cap (no dividend, puts all of its cash to work growing the company)
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation
You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.
@@kalfmanbrown5953 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on.
@@finleysterling562 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor
@@chloeanderson543 Having a counselor is essential for portfolio diversification. My advisor is "Trade with Ethan Grayson" who is easily searchable and has extensive knowledge of the financial markets.
@@finleysterling562 Thanks for this tip. His handle and website popped up on the first page immediately I searched Ethan’s name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.
Yes. You can do what Dave says and go to Vanguard and start an account and buy into their fund. If you have a brokerage account with a company like ETrade, you can buy an ETF like VOO, which is essentially the same thing. Set up an IRA (consider making it a Roth ) and put the fund/shares there. Invest on a regular basis and turn on DRIP so your dividends automatically cat reinvested. Keep plugging money in and watch it grow. The first $100k is the hardest. It takes 7-10 years for that to happen, but then it gets faster and faster. The $100k jump from $900k to a million only takes 1-2 years. Double $1000 eight times, and not how large the 7th doubling actually is. That is compounding at work.
Thanks for the breakdown! 🤔 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
I emailed his company for Av investor pro and they send a few for me to talk too. Now I invest 1k a mo with my guy. I started $250 a mo. Then when I got a raise and increased to $500 a mo. then after I paid off my house now I invest 1k a mo.
I have mutual funds thru work. They are crap. High handling fees and low return so you make like two percent. Buy the s and p and forget the rest. 10 percent returns over 20 years and low cost
Back when gold was inexpensive to buy in the 70s and 80s was a great investment, Now Silver is on the rise. Hoping for a good return on my investment somday.
like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne” and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I sometimes use my ETFs to buy dividend and growth stocks for diversification instead of reinvesting in the same place. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
ThIS current market might create short-term opportunities to maximize profit, but in order to execute such strategy , you must be a skilled practitioner
Or better yet, have one. For several years, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That makeS a lot of sense, I'd love to sit back and have someone who has the Market figured out guide my decisions. Who is this consultant?
Sonya Lee Mitchell is the CFA that I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I've searched and found her page, emailed and made an appointment to talk with her. Hopefully, she gets back to me.
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q4, 2023. Right now i am just looking for ways to recover
There are a lot of strategies to make tongue-wetting profit especially in this current market, but such sophisticated trades can only be carried out by proper market experts
50% stock, 20% Bitcoin, 20% high yield CD/ bonds, 10% cash/ fully liquid stable asset
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of 5%.
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
he's mostly on Telegrams, using the user name.
@Zachfinance
thats it
After I raised up to 325k trading with her I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God.shalom..
Spot on. The market presents different. opportunities to create passive Income, with the right mentor and proper understanding you're good to go.
Dave’s looking like the last air bender
😂
Need blue
Man’s got a bandaid on his head
ayo I'm dying
I was thinking Yondu from Guardians of the Galaxy.
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing I paid off my $529k 2.125% 15 years loan in 8 months. Now totally debt free with 2 paid off rentals. Love having no debt for the last 5 months. Thank you SARAH JENNINE DAVIS
Wow, congratulations on your impressive investment success!
I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing?
Don't be confuse buying the dip in a bear market, with guaranteed future returns.
Just because that company is down 60% + from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to SARAH JENNINE DAVIS
I agree Just reached My goal of $300k
This is really helpful for my situation, do you know how much is ok for a start, how can i get to her please
I invest in band aids. I never stop. I never stop.
OMG 😂 😂😂 I love Dave but this comment...I can't stop listening and laughing.
I have kids, Band Aids is a solid bet. You're gonna be fine!
😂😂😂😂😂😂😂
Is that what that is!!?? I was about to say… somebody needs help with blending!! 😂🤣🤣😂😳
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Not a great July so far but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $70k. You might also consider financial advisory looking at your capital.
Investing Is more than reading quarterly reports. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Kathleen Cheryl Constantz’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I have $100k that i like to invest in a non-retirement account, Where would you invest this as of now?
I would avoid the index funds or specific stocks cos 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery or better still consult with a market expert for guidance.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.
Hello, thanks for replying. I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
Moving from single stocks to ETFs, tired of the circus. What are best strategies to divesify my $550K investment portfolio?
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
pls how can I reach this expert, I need someone to help me manage my portfolio
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@LynetteHusonwhat did you do do you invest or trade..
VOO. That’s it. Follow the S&P500.
I am tired at this point. my retirement contributions haven't improved my 401k, Despite reducing my TH-cam watching and increasing research. Should I consider investing in popular index funds through a brokerage account as a potentially better option to boost my retirement savings and outperform my current strategy?
My suggestion to any investor old or new is to get a mentor and don’t just go buying stocks without proper considerations. Most of what is pumped out by the media is what most TH-cam ‘fin-entertainers’ churn out to you as fear uncertainty and doubt.
Agreed. That and reading some basic principles laid out in books like The Intelligent Investor by Benjamin Graham. There are also good TH-camrs out there like Felix, Graham Stephan, Humphrey Yang and a few others, but generally you are right.
Its unclear which stocks and sectors will lead the market in the next uptrend. Stay away from the stock market if you do not have guidance from a plannner and investment strategist. My finances have been in order since I got a wealth planner like Monica with a 600 B AUM working for me.
You mentioned Monica - who is she? I've been searching for a financial advisor who can provide guidance on the economic outlook, but I don't have access to professionals in my area since I don’t live in a big city.
My CFA monica mary strigle , 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.
May I suggest something… START !!! And DONT stop!!! Pick good funds to invest in and stay consistent. Another word for this is call Discipline!
And start early in life!
Picking is the issue
@@user-nn4er5wn5h Pick everything.
ie, a total market fund, or total world fund... probably do better than most.
Just find the cheapest one and go with that.
Where to invest?
@@healthyconnects6124
Mutual funds …ETFS… and there are other things.. I would suggest ETFS or Mutual Funds. Plus your work retirement. Be happy to help if you like.
The stock market is more volatile than ever. recently went "all in" and bought up $80k worth of ETF's & individual stocks, my aim is to take advantage of this S&P 500 downtrend, what could be accurate predictions moving forward? Open to chat.
There are 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. That’s what I am up to, steer clear from the equities and bond market, my humble opinion.
I agree, I have used the same money manager for close to 4yrs who have been involved in launching IPOs. We got in fairly early with a modest amount of money. Then it mushroomed like an atomic bomb. We had over 4 m dollars after GME profits in 2020/2021.
Definitely private investing is the way to go. Our government keeps lying. I’d like to earn like that is it a private equity fund or mutual funds investing?
wow impressive, how were you able to achieve this despite the downturn?
this is incredible! how can I vet your advisr, mind sharing info, if you please?
Keep investing keep investing keep investing 🔥🔥 major 🔑
Amazing video, I'm thirty-two years old and have saved little over $50,000. Right now, it's 4.3 APR on a High Yields Savings account. I have dabbled in stocks a little bit in the past, but I have never really "invested." If you were me at my age, with the amount of money I have, and the state of the market at the moment, what would you do? How would you respond? Would it be a terrible idea for me to take it out and invest in Microsoft/Apple or perhaps an ETF like SPY/VOO? I'm watching TH-cam vids on any assistance they may provide.
Earmarking a percentage of your cash on hand into a publicly traded company with a open Regulation A Fundraising round can provide more leverage for the capital that you currently have just parked in a savings account
Don't be in a hurry to get back in. The market needs several days of strong performance to signal that the downturn might be over; It's a time to be largely, if not entirely, in cash
The market has hit all time highs what are you talking? most of the cash in equity portfolios that used to be sitting on the sidelines is now back in the market, leaving little additional sideline cash available to invest and push prices much higher in coming months. So observe or work with a remarkable and verifiable planner.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Looks real great. Lady leaves an impression. How can I reach her directly and what are the upfront fees if I may ask?
100% index funds
Yep but that's not what Dave does.
🗣️📣 Hi Brother 🤗, What's The Ticket Symbol Of YOUR 4-Types Of Mutual Funds & INDEX Funds That You HAVE {NAMES PLEASE???} ⁉️❓ ❓
PLEASE Post The Ticket Symbol's Of Each One⁉️
Thanks 🙏🏼GOD-BLESS-US-ALL🙏🏼 🙏🏻🙏🏽🙏🏾🙏🏿🙏
{{Growth, Growth & Income, Aggressive Growth, International, with a TEN+ Year's Track Record}}
@@thud9797index? I am new to this? What does that mean
As I ponder investing the proceeds from my recent Portland home sale into stocks, I'm torn between seizing the opportunity and timing the market. While I recognize it's a great time to buy, I'm uncertain if it's the perfect moment for me. My mind is also boggled by the impressive gains others in the same market have made - over $450,000 in mere months! I'm left wondering when I'll fully recoup my investment and whether I'm making the right move?
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.
It's astonishing how many people overlook the significance of having a Financial Advisor
@@calvinlewis-h2-mine is my beautiful fiance whose a gold expert @ Morgan Stanley world headquarters in NY. She can make 7k in under 30 seconds.... what's NOT to love?
I have an $560,000 portfolio from my old job and retired six years ago. Lately, it’s been doing poorly, with only 6% growth in the past three years and I feel stuck. I desperately need to revamp my investments. Any advice on what to do with my money would be greatly appreciated.
Same old advice. Check what funds you are invested in. Make sure it's stocks & shares. Not bonds & cash. There was a large increase in the markets at the start of this year. Mine went up just over 10% in a few months.
This is what people that handle their portfolio themselves go through. I will advice you get yourself some professional advisor to help you make better portfolio decisions.
I agree. Working with an advisor has set me up for life, with about $1.6 million currently in my stock portfolio. I max out my 401k and own a few properties. After 32 years as a language tutor with an annual salary just over $80k, I’ve learned that consistent, regular investing is key to minimizing risks and maximizing growth.
I'm glad I found this conversation. I just started earning six figures and need investment help. Can you share how to contact your advisor?
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.
So what’s the name of this 4 funds???? Where do I find them
These are fund types he mentioned, not specific fund names. Also, it's important to consider how much to invest in each type, based on your age and risk tolerance. Hope this helps!
In all the videos I've watched, he has only mentioned a couple. You have to do your own research. Or buy VOO and be done with it. It doesn't follow Dave's plan, but it buys you the S&P500, which is essentially the market. If the market is up, you are up, if the market is down, you are down. International funds have done terrible for about a decade, I see no reason to buy them. You can't trust anything in China, ALL their financial data is made up, so I don't even bother.
Google growth, aggressive growth, growth and income and international mutual funds. Learn about it yourself.
Regarding used vehicles…my Dad bought a 2006 Toyota Highlander Hybrid last year for $4000 and it’s been a fantastic car for him. My Mom drives it every day and he uses it for delivering pizzas and all his errands. I think it had 250k miles when he bought it and it’s given him zero major issues. It has a few quirks but that’s it. The key is, to buy a used car that is well made. Don’t buy a 2006 Ford Focus because it WILL be a piece of crap that won’t last.
Never had a problem with any of my toyota's
Why tf are you talking about this here??? This is about investing your money into stocks. Not a damn vehicle 😂😂😂 wtf is going on in your head my guy or gal or whatever other letter you wanna be called by
What do Toyotas and Fords have to do with mutual funds?
2013 focus no problems 180,000 miles
@@cynthiaziegler6558
Even a blind dog finds a bone once in awhile!
Compounding Interest is the key
There is a saying: time in the market is more important than timing the market
That’s probably the truest thing I’ve ever heard 😂 unless you’re really lucky or really good at analyzing
And what if by the time you’re retiring and want to pull the money out your accumulated funds are trapped in a bear market? A market which will not rally for another 10 years say? Then you’re screwed and will have to pull the money out early losing potentially all market gains and more. It’s just bad luck in that case
@@jakemorj5498 If that is the scenario they didn't balance between stocks, bonds and mutual funds. Diversification is the ONLY way to weather that situation.
@@jakemorj5498 If you’ve been investing long enough, I assume it’s unlikely that you’d be “down” in that scenario
There is a 4 % rule if your invested amount become x time and you are getting avaerage returns lets say 14-15% index funds give this then
4% withdraw every year
7 % inflation year on year
Then also your x amount remain same as well as 4 % appreciation on that x amount also.
It would be helpful if Dave made a list of funds that fall into those particular categories for some of the major investment companies (fidelity, vanguard, schwab, capital group, etc). Not as a recommendation, but just as an fyi because they aren’t listed as growth, growth and income, international on those websites. Probably could figure out which category they are for some funds, but some funds are harder to figure.
Dont invest in mutual funds. Low expense ratio Index funds are the way
Which are just a specific type of mutual fund.
@@damondiehl5637 mutual funds have a high expense ratio so if a fund is getting 15% average returns after your done paying the cost of having it managed its usually the same return as a 10-12% average return index lol
I know nothing about investing. Could you possibly explain what investing in mutual funds, growth, growth and income, aggressive growth, and international are, and why they are good to invest in?
I recommend looking up this stuff yourself on Google (Investopedia is one example resource), but here you go:
Mutual funds are groups of investments (can be stocks, bonds, cash accounts, or a mixture) that you can invest in through taxable and tax-advantaged brokerage accounts. They allow you to easily invest into a bunch of different things without having to pick them all one-by-one. They classify these funds based on the types of things they invest in.
Growth funds try to focus on things that will go up in price (so you can sell it later for a larger profit).
Income funds invest in things that pay you directly, like through dividends, but they may not go up in price as much as things in a growth fund.
Aggressive growth focuses on on more "risky" investments like stocks instead of less risky investments like bonds.
International funds invest in non-US companies.
With that set of funds, Dave is investing in mid-cap, small-cap and international stocks and avoiding large-cap stocks. So he is trying to focus on up and coming companies who can experience explosive growth. It is really hard for a large cap stock to do something really innovative. They are experts in their sector, but they are not agile. So they dominate and churn out predictable results. A growth and income fund is a well-established mid-cap stock that is paying a dividend. At the mid-cap and especially small-cap level, companies don't pay a lot of dividends, because they need that money to put toward growing their business.
You can do research at Fidelity or Vanguard and find funds that they offer in those categories. Vanguard is especially famous for having the lowest management fees, especially for their passively managed funds (a computer program is analyzing and picking the stocks instead of a human). But you can also buy the equivalent as an Exchange Traded Fund (ETF). They own a set o stocks, like a mutual fund, but are traded and sold like stocks.
Examples:
VTI is the same as Vanguard's Total Stock Market fund.
VOO is the same as their fund that mimics the S&P500.
VO is their mid-cap offering .
VB is their small-cap offering.
I love the head bandaid
Question: I’m 22 and I’m trying to max out my work Roth 401k for a few years to set myself up done the road. Coming to the end of the first year now. Originally I was 100% invested in a 2060 target date fund then switched to one of the bigger s&p 500(Schwab I think). Was that a good choice?
I wouldn’t put it all in the S&P 500. I would split it up. I was also entirely in a 2060 target date but moved into 4 different funds like Dave.
You are fine, just be aware that you are only investing in the top 500 companies, and missing out on possible opportunities with mid-cap and small-cap companies. Your 401k might not have offerings for them. Maybe set aside some money for an IRA, too, dedicated to getting mid-cap and small-cap exposure.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Love how she chimed in with consistently ❤❤❤ thats a good helper
Dave’s got a boo boo
Hes got thus unlimited supply to just keep investing
26% growth 2024 and 100% employer matching 401k contributions
My dad told us about an aunt and uncle who did nothing with their investments when the stock market crashed in 1929. They ended up so well off that the aunt didn't mind when their grandchildren were tracking mud on one of their hand-knotted Persian rugs. She said I can replace the rug but not the grandchildren!
So they just left them alone when the market crashed and just kept investing at the bottom?
@@seabass22dollar cost averaging, buy the index, regardless of cost, consistently for the next 30 years
@@seabass22yup jus consistently invest every month, cause you can't predict
I’m assuming that the specific companies they invested in didn’t go bankrupt then?
A lot of people did the same and lost it all.
same. my wife invested in the basics and money markets and during covid when people were down like 30% or more she came out only 2% positive. but thats a big win. no losses
Dollar cost averaging, is buying every payday, setting it up automatically. Growth, aggressive growth, income, and international. Another way to say that is: Large cap index , small cap index, large cap blend index, and international index.
Great Clip. Inspiring. Simple concept.
And they don’t look at it everyday,that will drive you nuts !
He is spot on here..
80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.
It’s important to do your own research and consult with a financial advisor before making any investment decisions.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850,000 with the help of my advisor from an initial $150,000 investment.
Who is this person guiding you and how can i reach he/she?
My advisor is a lady and goes by the name Melissa Jean Talingda 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.
I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.
How should I get started in investing and who should I go through?? Should I download an app or go speak to an consultant at like a fidelity???
Ramsey has Endorsed Local Providers (ELPs) who can help. Fidelity and Vanguard and others like that also have people who can help. All you really need to do is go to Vanguard or Fidelity or Schwab or ETrade, etc. and open an account. Create a Traditional or Roth IRA. Link the account to your bank account, so you can transfer money back and forth. Then decide which mutual funds or ETFs or sticks you want to invest in.
Mutual funds are offered by places like Vanguard and Fidelity. Sometimes you have to invest at least a minimum amount and they may charge a load fee or an annual maintenance fee. They all vary a lot. There is a lot of information on their websites. Look at their products and what it takes to invest.
An ETF is like a mutual fund, but can be bought and sold like a stock.
Investing can seem complicated, at first, and you can make it complicated, but it is really not that hard. Maybe just open a regular account, and buy and sell small amounts of a few stocks, just to see what it is like. Invest the minimum amount in one of Vanguard or Fidelity's low-fee mutual funds, and let it sit through a couple quarters to see how dividends are applied.
@theramseyshow what platform is the best to use for investing?
Thanks for the analysis! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Dave also invests in real estate, which is his riskiest play. His message here is you can and will win if you invest and live a debt free life.
Most of his real estate was bought after 2008. After years of living debt free. Good for him. He was smart to be in that position when the market crashed
Rental properties can provide a steady cash flow.
The average return on investment (ROI) for real estate is higher than many other asset classes, often yielding 8-12% annually.
Vanguard has seven ETFs with performance records of 12-16% for more than 10 years. That's a pretty simple way to get stellar returns and not have to worry about the government telling you you can't evict tenants for not paying the rent, and dealing with finding new tenants and fixing you units after tenants trash them, and fires, floods, hurricanes, tornadoes, etc.
... Ive been listening to your show , and although there aresome marked diffwrences in our economy to the US, many principles can be definitely be applied and arr useful , such as Keeping a budget, not overspending more than one makes a month, not eating out , paying in cash etc. Very interesting , has helped me control my expenses in this particular crisis moment in Argentina that prices have gone way above people' s income, and our purchasing power is gone.
But what's the interest rate on those funds? Has it beat the dow or the NASDAQ on returns?
Examples?
Though dividend-paying stocks don’t offer dramatic price appreciation, they can provide a consistent income stream. Renewed buying strength in markets in September and October. I want to invest more than $100k, but I'm not sure on how to mitigate risk
To mitigate risk have you looked into buying US Treasury bills? Or CD accounts?
@@cesar-yj5dchey man 20 yr old here where can i buy this? Ive heard about it for so long
@@cesar-yj5dc Why have a CD when you can stash your money in a fintech HYSA that earns you more in interest than said CD, and the upside is you get to withdraw your money whenever you like. I use wealthfront for that & have been using it for 13 months now, and I'm very pleased
Go traditional index funds
@TeresaBrickle by the time you hear advice from a youtuber it's already too late. They're on the ground floor, you're not.
I have question for anyone that can answer. Let’s say I invest in these four mutual funds specifically. Let’s say from Vanguard. So what do I do after I purchase or invest in these four mutual funds from Vanguard? Do I continue to purchase another four and now I have eight or do I invest in buying these mutual funds with another company? How do you invest in the mutual funds and not stop like he’s Suggesting? Thanks 😊
He is right everyone tries to tell u not to buy...bahamas...lol ...keep buying i made money in the pandemic....agreee😊
Index funds will out perform activity managed mutual funds
Sometimes yes sometimes no. Dave has actively managed funds and Vanguard Wellington has been a hell of a fund for decades.
@@thud9797mostly yes than no.
I’d rather go with statistics.
Im new at this investing thing so what if you invest in index funds for a year can you withdraw it in a year and will you gain from it?
It depends where you invest. Some accounts (like IRAs and 401ks) have restrictions on when you can withdraw and how much you can withdraw. Taxable brokerage accounts don't have those restrictions, though.
You COULD sell/withdraw, but that doesn't mean that it is a good idea. If the investment lost value and you sell, you lost money. Even if it gained value, the profit may be taxed. Regardless, investing is generally best done over a long, long time so that there is enough time to sufficiently gain value.
I wonder how much the costs to own mutual funds, why not invest for the long run with tratinional index funds ?
What are the names of th mutual funds that Dave invests in? It would be good to know their names so we can ask invest as well.
Remember, you don't invest money you absolutely need.
And you will not get wealthy in your lifetime doing this, unless you have a high source of income.
I was thinking this!
Recently read a blog that said “invest $500 a month for roughly 35 years to have million dollars. Can’t get rich fast”
Yeah that sounds amazing!
However, a lot of us don’t have extra $500 laying around.
Even if we do manage to set $500 aside, I personally would want to have in in arms reach for anything!
Not in an account where I can’t take it out without paying a fee..
Anyone can say what our good friend Dave just said. It’s meaningless information because he doesn’t suggest what funds, and more importantly what the load is. Like always, Dave is about Dave.
Anyone who talks honestly about the stockmarket always says do your own research. Dave told you the 4 mutual funds to look at and how long they were open. So your job is to research the funds YOU want in those categories and criteria. He'd be there for a while telling us what he does but if something fails he doesn't want responsibility of your actions. He was be generous. He didn't have to tell us how he made his money investing.
If you don't wanna think, you can just invest in the all in one ETFs that became popular recently. Not all are 10 years old but they usually hold other ETFs that are older.
You won't need to care about growth, growth and income, aggressive growth or international. It includes everything. You only need to select equity vs bonds ratio.
This is a short. He only has 60 seconds to get the story across. He has HUNDREDS of videos on his channel. You can spend days there watching them.
I like ETFs betters. I also like tech stocks.
WHY???! What is the reason?
I like ETFs, because the fees are lower than mutual funds. These fees compound over time. I can buy VTI which tracks the total US market and I can buy VOO and track the Fortune 500 companies and be diversified. With Low fees and good growth over time that also pays qualified dividends that I can reinvest
What is a good mutual fund to invest in I don't know much about this but I would like to start
VOO or SCHD or QQQ are good funds to start out in.
Vanguard has seven different ETFs that have a performance record of over 12% since inception (more than 10 years). Fidelity has five. You have to look at the top 10 stocks each one invests in. Most of them consist of different weightings of the same 10-12 stocks.
Why mutual funds and not ETFs?
How can I start ?
So what should beginners invest in?
Depends on your age and how much risk you are willing to take, but ETFs or mutual funds are generally preferred since they let you buy a lot of things at once with low effort. Stocks are riskier than cds, bonds, and money market accounts, but they are likely to make more money in the long term.
If you want a specific example, VOO is an ETF that tracks the S&P 500 (largest 500 publicly-traded companies in the US).
@@theepicgamer1196 thank you for your response!🙏🏼
no REITs?
How much money do you need to start investing
Because I only have about 200$ disposable income after paying rent and food
If you open an account at ETrade, you can buy any stock on the market.
You can also go to Vanguard or Fidelity. A lot of their funds require a minimum amount ($1000, $3000 or more, depending on the fund), so you may have to just transfer money in for a while. But they also allow you to buy fractional shares. Go there and do your research.
How bout telling us the names of the funds dave? Is that so hard?
Funny they he never reveals the names!!
Legal and General Global Technology Index Trust is good for growth and a tilt towards tech. Fidelity World Index Fund is an acceptable world tracker.
Nobody does all they do is yap about they invest and invest but nobody tells where to invest and how to
@@tafabeatzdon’t know why people guard it so much, we should all help each other get there
Yup they never do mention it.
Can you list those funds / tickers plz?
ETFs over mutual funds in my opinion
Really? If you're going to make such a vague answer you could explain WHY you choose ETF's over Mutual Funds?
@@gabeeskridge8291 Look it up. There are quite a few resources that compare the two. I haven't looked it up recently, but the main reason I prefer ETFs is that you can buy/sell them quicker.
How come this is not a step in your getting out of debt. How do we invest please?
You are already out of debt before you start this. This is Baby Step 4
How did you get the money to invest????
Follow the Baby Steps
You have a good income job that covers your needs, save $$ and eventually use extra money you have laying around to invest.
It’s not a fast tactic to get rich. Takes years!
I choose ETFs because it does not charge front-end or back-end load fees, making it cost effective to start investing without hefty fees.
Would anybody recommend esg? or are they a waste of time
The part about contributing as much as you can is the most important thing he said. And this is why you can disagree with his investment strategies all you want, but at least he’s preaching to contribute the max
Can I invest in those in canada, Or does canada not have mutual funds like those?
my question is when you open the roth IRA or 401k do you pick the mutual funds up front? or do you invest for years before it builds up then pick the mutual funds?
I just started following Dave, and I have a 401k from a former office just sitting there. when to invest in the mutual funds?
Dear god…please make sure that money is invested right away. A 401k is just a vehicle. You have to choose what you do within that vehicle, otherwise it’s just sitting there doing nothing and getting eaten alive by management fees. Log in and direct that money into an index fund asap if it isn’t already!
if it's from a former employer I'd highly recommend you do a rollover into a Roth ira or traditional ira and then pick the investments within that ira.
Hopefully you have a cash sweep if not get all that cash into a money market fund and start buying the S&P or Nasdaq a little at a time until it's all invested. There's balanced funds as well that mix stocks with bonds like FBALX. Don't buy all at once because it's better to average in so you don't buy the top. Spread it out over several months or even a year or two if you have a whole lot.
So much advice. That is probably more confusing then helpful.
So keep it as simple as possible
#1 max out (Roth) ira contribution = tax free growth
#2 s&p 500 (index fund) = you are not a full time market Analyst. Don't try and beat the market.
Vanguard vfiax
Or voo
Do 2 yr contribution then continue to contribute your max for the rest of your working life in roth irs and you will not regret it
Never stop
what are the names of the funds??
He will not tell you. You need to do your own research. You can google those terms and find information.
Buy the S&P ETF VOO can’t go wrong
Appreciating you giving tips on this. I took the small cash I had and was able to invest in multifamily with 100% financing
@@apartmentinvestingforbeginners
May I ask… did you have a good return on your investment?
Time in the market over timing the market. It's easier too.
Does "growth and income" mean dividend funds/etfs?
Do a google search:
what are "growth and income" funds?
Cool. Never stopping to invest. ❤
How can you tell whether a mutual fund is growth or growth and income?
Growth and income probably means large-cap (pays a dividend)
Growth probably means mid-cap (may or may not pay a dividend, is focused on growing bigger)
Aggressive growth probably means small-cap (no dividend, puts all of its cash to work growing the company)
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation
You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.
@@kalfmanbrown5953 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on.
@@finleysterling562 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor
@@chloeanderson543 Having a counselor is essential for portfolio diversification. My advisor is "Trade with Ethan Grayson" who is easily searchable and has extensive knowledge of the financial markets.
@@finleysterling562 Thanks for this tip. His handle and website popped up on the first page immediately I searched Ethan’s name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.
Mutual funds are HORRIBLE.
I’ve got 5700 shares growth grinds of America, and all I do is watch it grow and accrue dividends every year.
Which apps do you guys use for investing
ETrade, Vanguard and Fidelity.
Set up a brokerage account with either: Vanguard, Schwab or Fidelity.
Starting ETF investing for the long haul. Thanks for confirming what I needed to believe in.
Vti. Make it simple yet smart
Did he ever stop?
Greatness 🏆
Which mutual funds exactly?
So you’re saying if I, a 23 year old, invested monthly in the vanguard S&P 500 INDEX fund I’d be well on my way to living comfortably?
Yes but you need a financial advisor to help you figure out how much you can invest and in what
Yes. You can do what Dave says and go to Vanguard and start an account and buy into their fund. If you have a brokerage account with a company like ETrade, you can buy an ETF like VOO, which is essentially the same thing. Set up an IRA (consider making it a Roth ) and put the fund/shares there. Invest on a regular basis and turn on DRIP so your dividends automatically cat reinvested. Keep plugging money in and watch it grow. The first $100k is the hardest. It takes 7-10 years for that to happen, but then it gets faster and faster. The $100k jump from $900k to a million only takes 1-2 years. Double $1000 eight times, and not how large the 7th doubling actually is. That is compounding at work.
What he's not saying, though is where the money goes FIRST. It would be wise to safeguard your principal first with guarantees. And then invest.
Thanks for the breakdown! 🤔 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔
I invest in head bandaids.
He got his head injury from giving head
Can you also share mutual fund options for folks that are Shariah-compliant?
What about index funds?
how do you invest in these mutual funds?
I emailed his company for Av investor pro and they send a few for me to talk too. Now I invest 1k a mo with my guy. I started $250 a mo. Then when I got a raise and increased to $500 a mo. then after I paid off my house now I invest 1k a mo.
i saw this podcast a few weeks ago, and rewatching now , but i still don’t see you and him debating or you being nervous. i just see a conversation 😅.
Where do I find mutual investments
Go to Fidelity or Vanguard or Schwab. They will have a list of their products and all the details about them.
I have mutual funds thru work. They are crap. High handling fees and low return so you make like two percent. Buy the s and p and forget the rest. 10 percent returns over 20 years and low cost
Can someone explain to us what these mutual funds are?
Back when gold was inexpensive to buy in the 70s and 80s was a great investment, Now Silver is on the rise. Hoping for a good return on my investment somday.