Simplify How You Manage & Invest Your Money
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- เผยแพร่เมื่อ 22 พ.ค. 2024
- ► Try Playbook - Develop Your Most Tax-Efficient Investment Strategy: www.helloplaybook.com/taekim
Disclaimer: Tae Kim was paid a flat fee for producing this endorsement of Playbook and is also paid a flat fee for each successful referral to Herring RIA Sub, LLC ("Playbook") made through our links. Tae Kim is not a Playbook client. There is no guarantee that clients will have similar experiences or success.
0:00 - Intro
0:30 - Use Simple Financial Products
2:04 - Simplify Your Investment Strategy
4:23 - Try Playbook
6:07 - Go Paperless
7:53 - Minimize Touch Points
9:52 - Automate
11:38 - Simplify Your Money Goal
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► SoFi - Checking & High-Yield Savings Account, Terms Apply - sofi.com/tae
► Shortform - More Than Book Summaries - shortform.com/taekim
► Playbook - Develop Your Most Tax-Efficient Investment Strategy - www.helloplaybook.com/taekim
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
► Try Playbook - Develop Your Most Tax-Efficient Investment Strategy: www.helloplaybook.com/taekim
Question: i want to start investing with vanguard and it say i have to put in 3k at first for the fund. my question is if i wanted to purchase VFIAX and VTSMX. would i need 6k total to buy both ? or 3k first and then I can purchase other funds? can you do a video on this if you get a chance? Thanks and if anyone else have the answer, it would be greatly appreciated.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
This guy is like the Korean Warren Buffet, make it simple and don’t try to beat the market because 95% of the time you won’t! Low cost index fund will get you there!
Over our lives. 0 people will beat the market. You can only track it with the index and wait.
Thank you for your videos mate.. Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Whitney Eston which has made me almost 11.5 on a 3.7 btc Trade capital over the last 3 weeks. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.
She's often interacts on Telegrams, using the user-name.
@WhitneyEston.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Venturing into new investment avenues shows your proactive approach to financial growth amidst these uncertain times. Diversifying your portfolio can help manage risks effectively.
Throughout my involvement in various trading programs over the years, sifting through a wealth of information, I have yet to encounter anything that rivals the clarity, depth, and precision of Whitney's insights. It's like uncovering a diamond in a coal mine.
Love the library and squat rack background, great space optimization Ser .
Keeping things simple with low-cost index funds and straightforward budgeting strategies is such solid advice. Consistency and ease go a long way in reaching financial goals! 🌟
My approval sir on the following: The great advice, the mental and physical workout space, and that bulletproof hairline.
Thanks Tae! Keep them videos coming!!!
Your voice is so comforting! Great Video's!
Very good advice, Mr. Kim. Your videos are very thoughtful and accessible.
Have been minimizing touch points this year: Had a small pension from a previous employer; took cash buyout option and rolled it over to IRA. Moved a 529 and HSA to same large investment firm where I have other accounts. I call it "Swedish financial death cleaning." 😂
I usually have 3 credit cards open b/c I've been hacked a few times & the flexibility to switch cards is nice while sorting out the mess. I use only one most of the time and all of them are fully paid every month.
Good morning, Tae! Thanks for another very helpful video!😊
really fantastic advice. Thank you
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Patricia Annie Brooks
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Annie Brooks too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Coach TK top of the morning
Thanks!
Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator
Oh, I love you guys, the best market analysis! Seriously, why not mention Eledator?
Really good advice, thank you Tae! I definitely need to cut down on the number of accounts I have open some eventually. What do you think of SCHD as opposed to the VOOs and VTIs of the portfolios?
Can I ask what microphone you are using? Great sound!
Hello tae, the points that you are showing in the videos are small in size kindly use bigger font size.
I have 30 years of statements from before paperless options. All retirement accounts. Do I need to keep them? Can I shred?
How about 70% total US stock market (VTI), 10% high dividend fund (SCHD), 10% growth, and
10% total international stock fund?
I like the different view with more background light. How about a workout video ? I see a theme here, ... 1. financial strength, 2. family strength and 3. physical strength.
You might enjoy that too much
I use a second back account that is a checking account for payments that are pulled out with automation. This is done so this account is hacked, it is a minimal loss. Clark Howard recommends this approach
With all the new fees announced by Vanguard, and the constant degradation of their services, I think switching to a real broker and using their ETFs makes more sense.
Vanguard needs some good news/PR. While the optics aren't great, most of the fees aren't an issue if you just want low cost index investing (e.g. not many have foreign stocks with ADRs, etc.). Worse than these fees, IMO is the long wait time and poor responsiveness if you need to actually speak with someone. I've been slowly consolidating other accounts @ Fidelity; less hassle & better service. BTW, the new $100 "account closure fee" at Vanguard can be recouped in many cases by asking whatever firm you're moving to for reimbursement (you have to ask for it).
Come to Fidelity, that treat you right and their customer service is the best in the world. Also bunch of 0% expense ratio mutual funds etc.
+1 for Fidelity!
As an lnvesting 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?.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
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. So yes i think every investor should consider a similar approach.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
I’m taking the hybrid approach, VOO, SCHD as my foundation, with growth like MA, UNH, HD. And slow growth like O and PEP. I have a 20 year time horizon. But the best part is I still enjoy my life while I do this. Travel, and buy ONLY things I love. It’s the best combo, plus I love the small victories with receiving dividends/dividend growth/share price appreciation.
VGT is an excellent portfolio addition, but relying solely on it for retirement may not be optimal. I retired at 62, grew my portfolio to $1.5 million in 10 years starting with 135,000 through the help of a fiduciary and dividends now supplement my retirement income. Invest wisely, build your nest egg, and don't sell the chicken that lays the egg!
Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash
BTC can disregard techincals when in a bull, did that in 2020 when it crossed previous ATH... stayed there a few weeks and continued pumping like crazy to 60k. Also, there is one constant... when around 90 on monthly RSI, the end is near. And don't expect crazy price targets of 500k... expect around 100k at most and be happy if there's more after that. If you believe big boys and CEO's of big invesment firms saying targets like 1M this cycle.. you deserve to be their exit liquidity..It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3B'tc to a decent 21B'tc in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
The internet is filled with so many useful information about Francine Duguay crypto….
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
I read about her too on the website. That is how I get connected to her. Thanks for putting this down here
As an lnvesting 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?.