For the record, I was joking at the beginning of the video. Believe it or not I have 0 ex-wives...but I may have some children running around out there that I don't know about 😂
The training program I run at any given point depends on the time of year and if I'm training for anything specific. Currently running a 3 month program called MAPS Anabolic and I'm on a lower carb diet.
Jarrad is becoming my go to person for financial information. Articulate, easy to understand concepts, with some humor sprinkled in. Looking forward to your videos.
"The People who matter won't remember you for your investment returns, but they will remember you for all of the things that cannot be measured in a spreadsheet". This statement alone speaks volumes about the character Jarrad Morrow is! Lots of love and respect from India brother.Hope we meet sometime in future as your views resonate a lot with my thoughts and would love to converse with you.Thanks for making wonderful content.
Small investments in BTC are nothing to be ashamed of. To put things into perspective over the past 20 years alone we’ve seen a technological explosion of innovation in the computer industry, to the point where every single year seems like we have new things coming out of nowhere. Although the idea of BTC replacing the US dollar sounds ridiculous, the idea of crypto becoming widely used and accepted is not far fectched but also not measurable either. I doubt most people can really understand what BTC is and their value, it’s a highly abstract concept for most of the world. I also invested in BTC when it was around 4k in value now it is almost 10 times of that. All this is to echo what you mentioned, taking an insignificant amount of risk is ok and even fun at times, just know yourself and your limits. Great video, thanks for your transparency!
I love every video you put out! Awesome to see you be able to answer a lot of the comments with a more descriptive video with your growing channel. And I still love the HSA videos where you get into the weeds and details. I've definitely sent your videos to quite a few friends asking me more information on it 😁
I love your content, as a newly transplant to the US from France your videos helped me a lot navigating the complex financial investment business. You are never pretentious and always advocate for safety which I like when it comes to those topics. Keep doing the good work!
I took my 401k from a previous employer and rolled it into an traditional IRA a couple years ago. I never realized until recently how high the expense ratio was for the 401k target date fund. It makes me sick thinking about it.
@@markrosen2815Thank you for this reminder. I didn’t realize/forgot I’d Jarrod mentioned that it was expensive to upkeep. I set it up over a decade ago and really need to figure out a good alternative to move it or to change my future contributions.
😂 thanks, but not big right now. Current training block (winter training) isn't set up for them to get big. Once I start running my 3 month spring training sessions things should change
Suggestion - Take your initial investment of $1,000 out of BTC now while you're up and play with the houses money. If it goes to $0 you won't loose anything. I have a car investing fund as well. Started with $1,194 and after 3 full years (Jan '21 to Jan '24) increased to $8.100. Shooting for $25k min. Also have a retirement house fund. I am a lot older than you. I have high student loan bills as I went back for grad degrees late in life. I work for the government so I am in the student loan forgiveness program. I have 8 years left. I would miss investment gains if I spent the next 3-4 years paying off my loans early. I invest 5% in the TSP to get the full match, contribute the full amount to my Roth IRAs since 2021 and invest any additional funds in after tax accounts.
I'm pretty much in the same boat but on a smaller scale but across but I'm really into dividends selling the stock leaves me feeling lost like what do I do now but earning dividends holds a special place in my heart and it helps me understand stocks and crypto I've only been doing this for 2 weeks and have learned alot
Thanks for the video! I have about 30k invested in Schwab’s SP 500 in Roth IRA. Would you advise to begin investing in a total stock market index instead, or just keep hammering the SP 500?
That's up to you. When it's all said and done the returns between the two are probably going to be close enough so it wont make a huge difference. If you're happy with the S&P 500 fund then keep loading up on it.
At this point I've been exclusively doing FXAIX (Fidelity 500 Index Fund) in my Roth 401k and Roth IRA, and a mix of FXAIX and FBGKX in my HSA. Do you recommend that I begin incorporating total market funds and international funds?
So I am trying to do what I can to maximize my saving for retirement. A little behind but trying to do the best I can right now. What I'm wondering is if you can put the maximum in your 401k, I believe this year it is 23,000, and also max out the Roth IRA ? I keep getting conflicting information on this
Yes, you can max out both at the same time ($23k+$7k) since they're two different accounts. Also, if your employer offers a match within your 401k then the amount they match does NOT count towards the $23k you can contribute for the year
@@JarradMorrow thank you so much for your response on this. I find it very difficult to find good information on this. I'm so thankful for your videos. You have taught me more about finances than I ever knew before and I am finally confident enough to try and navigate this financial investment world.
Thank you Jarrad, unvaluable information. My investing plan is to wisely diversify between stocks, bonds, REITs, and gold. For the stock part, I think that value stocks will outperform the market in 2024. What do you think about the Everest Formula screener? Seems a good screener for identifying good and undervalued stocks.
Is it up? I don't pay attention to the day to day prices of stocks or Bitcoin so I'm pretty clueless as to what's going on. To be honest I haven't checked the price of anything this year 😂
Nice video thanks. Your strategy seems a lot easier than keeping up with dozens of stocks. Although I have done rather well with them over the years. However I'm interested to know what happens with all the dividends when you invest in these all encompassing funds. No way they can sort these out, so that you could report them on your taxes. Does the fund just absorb them or are they reinvested into the fund and you would just pay the taxes on the long term gains as you take them out? Thanks in Advance.
Great question. I address the topic of Roth IRAs with multiple investing platforms here: th-cam.com/video/SXnS7IPy864/w-d-xo.htmlsi=cpvpxp4sUpK3ANoB&t=567
What is your plan for when you enter retirement? I know the rule of thumb is to move more of your money into bond funds for "stability", but my bond funds tanked when the fed hiked rates. If it's going to be as volatile as the market, I'm not comfortable with bond funds.
The rule about owning a globally diversified portfolio, which I understand includes ~40% international, seems to not be in line with your current stock allocation. Are you planning on increasing your international exposure to market cap weight?
I’m kinda of stuck to be honest lol. I really want to increase my investing but I can’t decide the direction I want to go in because we’re a 1 income family. I absolutely love the Roth ira but because it’s after tax I can’t really max it out and keep a balanced budget. On the other hand I can contribute 10% to 15% more easily to my 401k through payroll deduction. The only that sucks is my employer doesn’t offer a Roth option in the plan. They do match 3% though.
I was working if you have any videos or will do any videos about what to do with your pension or old 401k when changing jobs after 2 or 3 years. Turn them into Rota IRAs and pay taxes? Traditional IRA? Leave them in place?
Hi, Jarrad. When you say "max out your 401(k)," do you mean max it out to $23,000 limit for 2024 or up to your employer match? I work for a non-profit, and we have a retirement account that's matched at a high percentage, but I can't add more to it. We have an option to add a 403(b) traditional or roth. Do I need to max that out to the tune of 23K? That would be pretty much all of the donuts I have left in the box if I do that.
I'm referring to myself actually contributing $23k into the account. No, you won't need to max out your retirement account to get the full employer match. Every company does it differently, but they'll usually match your contribution up to a certain amount.
@@JarradMorrow Thanks for your reply, Jarrad. I really appreciate you taking the time to answer my question and educate us all. I'm at a university, so there's one 401k-like where they match 7.5%. That's great, but I can't increase it. Instead, I can add a sepaerate 403b, which I can max out at 23K. Soooooooo ... with the markets at an all-time high ....... sinking 23K annually into that ...... I'm going to need a bigger boat.
Appreciate the feedback. Never heard of their custom basket feature until you just mentioned it. After a quick look at the video on their website I like the features (not the monthly fee, though). Seems like what you can already do within M1 Finance (for free) which has been a huge selling point for why I like them so much.
@@ek19751 M1 requires a $100 initial investment to open an account. After that, it requires $25 in cash to make a purchase. So if you're only able to contribute small amounts of cash at first, M1 won't immediately spend that money until you hit $25 free cash. Lastly, M1 uses Payment for Order Flow, if that's an important detail to you. If none of that is an issue, then M1 is great. And if custom baskets are of interest to you, M1 can't be beat.
9:17 i also just felt that before black Friday 2021, that everyone else would be selling the day of, so I sold about 1.5 weeks beforehand. Then things plummeted. Jasprēet Singh (not a fan of his thumbnails but) has said downturns are great opportunities to buy; absolutely correct. You gain or you invest. You win or you learn
😂 noooo! Don't let what I'm doing influence your intl allocation. You chose that 80/20 split for a reason. I'd imagine it was for a good reason. 80/20 sounds pretty darn sensible to me so why don't you trust your past decision?
😂 figured not many people would know who she is so I wanted to make sure I put her pic on screen. But to be fair, she was named after the psychedelic so it can sometimes confuse people.
It's just going to depend on your personal tax situation. I actually still like the service a lot even though I don't use them any longer. I believe they have a Roth IRA account which would be the more tax efficient way to invest with them.
Nothing wrong with Webull. I know some people don't like the platform since it's a Chinese owned company but as long as you don't care and like it then stick with it. I'm always in the camp of holding investments for the long term so 10+ years sounds good to me
I don’t know all the specifics but, as I understand it, an Index Fund cannot be bought or sold 24/7. For my index each buy order goes through at the end of the next trading day. I believe ETFs allow you to buy and sell just like any other stock during trading hours. This might be convenient but I’d advise against doing too much trading to avoid taxable events.
For the record, I was joking at the beginning of the video. Believe it or not I have 0 ex-wives...but I may have some children running around out there that I don't know about 😂
This is why you are nearing financial independence lol
What's your workout routine and diet look like?
The training program I run at any given point depends on the time of year and if I'm training for anything specific. Currently running a 3 month program called MAPS Anabolic and I'm on a lower carb diet.
My plan every year, keep buying and ignore the news.
We're on the same page. Keep up the good work 👍🏻
Jarrad is becoming my go to person for financial information. Articulate, easy to understand concepts, with some humor sprinkled in. Looking forward to your videos.
We retired seniors need a video from you. What to hold, buy, sell. 😊
"The People who matter won't remember you for your investment returns, but they will remember you for all of the things that cannot be measured in a spreadsheet". This statement alone speaks volumes about the character Jarrad Morrow is!
Lots of love and respect from India brother.Hope we meet sometime in future as your views resonate a lot with my thoughts and would love to converse with you.Thanks for making wonderful content.
Appreciate the feedback and support 👍🏻
ALLLLL UP IN YOUR BUSINESS❤! Thanks for letting us in😂!
😂 Any time!
Small investments in BTC are nothing to be ashamed of. To put things into perspective over the past 20 years alone we’ve seen a technological explosion of innovation in the computer industry, to the point where every single year seems like we have new things coming out of nowhere. Although the idea of BTC replacing the US dollar sounds ridiculous, the idea of crypto becoming widely used and accepted is not far fectched but also not measurable either. I doubt most people can really understand what BTC is and their value, it’s a highly abstract concept for most of the world.
I also invested in BTC when it was around 4k in value now it is almost 10 times of that.
All this is to echo what you mentioned, taking an insignificant amount of risk is ok and even fun at times, just know yourself and your limits.
Great video, thanks for your transparency!
I love every video you put out! Awesome to see you be able to answer a lot of the comments with a more descriptive video with your growing channel. And I still love the HSA videos where you get into the weeds and details. I've definitely sent your videos to quite a few friends asking me more information on it 😁
I appreciate the feedback and thank you for sharing my videos 👍🏻
I love your content, as a newly transplant to the US from France your videos helped me a lot navigating the complex financial investment business. You are never pretentious and always advocate for safety which I like when it comes to those topics. Keep doing the good work!
Happy to help!
Great content. Thank you. Been a subscriber for over a year. I will be forwarding this video to others.
Awesome, thank you!
@@JarradMorrow You're welcome.
I did the same with bitcoin. I’ve invested $1200 and don’t plan to buy more. I plan to sell it to pay off my student loans.
Thank you for saving me from target date funds.
What did he say?
th-cam.com/video/J8zSVEpHx4s/w-d-xo.html
I took my 401k from a previous employer and rolled it into an traditional IRA a couple years ago. I never realized until recently how high the expense ratio was for the 401k target date fund. It makes me sick thinking about it.
@@markrosen2815Thank you for this reminder. I didn’t realize/forgot I’d Jarrod mentioned that it was expensive to upkeep. I set it up over a decade ago and really need to figure out a good alternative to move it or to change my future contributions.
Your arms are getting maxed! Looking good and 👍 healthy
😂 thanks, but not big right now. Current training block (winter training) isn't set up for them to get big. Once I start running my 3 month spring training sessions things should change
@@JarradMorrowI’ll stay tuned :)
11:09 I like this mindset, this is the kind of thing I needed to hear
Suggestion - Take your initial investment of $1,000 out of BTC now while you're up and play with the houses money. If it goes to $0 you won't loose anything. I have a car investing fund as well. Started with $1,194 and after 3 full years (Jan '21 to Jan '24) increased to $8.100. Shooting for $25k min. Also have a retirement house fund. I am a lot older than you. I have high student loan bills as I went back for grad degrees late in life. I work for the government so I am in the student loan forgiveness program. I have 8 years left. I would miss investment gains if I spent the next 3-4 years paying off my loans early. I invest 5% in the TSP to get the full match, contribute the full amount to my Roth IRAs since 2021 and invest any additional funds in after tax accounts.
I'm pretty much in the same boat but on a smaller scale but across but I'm really into dividends selling the stock leaves me feeling lost like what do I do now but earning dividends holds a special place in my heart and it helps me understand stocks and crypto I've only been doing this for 2 weeks and have learned alot
damn good content man, nice work
Wow you have 700k+ in your 30's. Great work!
Thanks for the video! I have about 30k invested in Schwab’s SP 500 in Roth IRA. Would you advise to begin investing in a total stock market index instead, or just keep hammering the SP 500?
That's up to you. When it's all said and done the returns between the two are probably going to be close enough so it wont make a huge difference. If you're happy with the S&P 500 fund then keep loading up on it.
At this point I've been exclusively doing FXAIX (Fidelity 500 Index Fund) in my Roth 401k and Roth IRA, and a mix of FXAIX and FBGKX in my HSA. Do you recommend that I begin incorporating total market funds and international funds?
S&P 500 is plenty diversified
Awesome content
Thanks for sharing! 👊
Thanks for watching!
Very good ideas. Thank you.
You are so welcome!
Great video!! I also have a taxable account dedicated for when I need to buy another car as I just paid mine off great minds think alike lol
Love that!
So I am trying to do what I can to maximize my saving for retirement. A little behind but trying to do the best I can right now. What I'm wondering is if you can put the maximum in your 401k, I believe this year it is 23,000, and also max out the Roth IRA ? I keep getting conflicting information on this
Yes, you can max out both at the same time ($23k+$7k) since they're two different accounts. Also, if your employer offers a match within your 401k then the amount they match does NOT count towards the $23k you can contribute for the year
@@JarradMorrow thank you so much for your response on this. I find it very difficult to find good information on this. I'm so thankful for your videos. You have taught me more about finances than I ever knew before and I am finally confident enough to try and navigate this financial investment world.
Thank you Jarrad, unvaluable information. My investing plan is to wisely diversify between stocks, bonds, REITs, and gold. For the stock part, I think that value stocks will outperform the market in 2024. What do you think about the Everest Formula screener? Seems a good screener for identifying good and undervalued stocks.
I think you mean invaluable not invaluable
I’m betting on Mid-Cap value in 2024.
Thanks for the video!
You're welcome!
I know you loving that investment on Bitcoin right about now 🙌🏽
Is it up? I don't pay attention to the day to day prices of stocks or Bitcoin so I'm pretty clueless as to what's going on. To be honest I haven't checked the price of anything this year 😂
Nice video thanks. Your strategy seems a lot easier than keeping up with dozens of stocks. Although I have done rather well with them over the years. However I'm interested to know what happens with all the dividends when you invest in these all encompassing funds. No way they can sort these out, so that you could report them on your taxes. Does the fund just absorb them or are they reinvested into the fund and you would just pay the taxes on the long term gains as you take them out? Thanks in Advance.
Ok can you open up 3 Roth IrA accounts and put in 6,500 each without getting in trouble?
Great question. I address the topic of Roth IRAs with multiple investing platforms here: th-cam.com/video/SXnS7IPy864/w-d-xo.htmlsi=cpvpxp4sUpK3ANoB&t=567
What is your plan for when you enter retirement? I know the rule of thumb is to move more of your money into bond funds for "stability", but my bond funds tanked when the fed hiked rates. If it's going to be as volatile as the market, I'm not comfortable with bond funds.
The rule about owning a globally diversified portfolio, which I understand includes ~40% international, seems to not be in line with your current stock allocation. Are you planning on increasing your international exposure to market cap weight?
I’m kinda of stuck to be honest lol. I really want to increase my investing but I can’t decide the direction I want to go in because we’re a 1 income family. I absolutely love the Roth ira but because it’s after tax I can’t really max it out and keep a balanced budget. On the other hand I can contribute 10% to 15% more easily to my 401k through payroll deduction. The only that sucks is my employer doesn’t offer a Roth option in the plan. They do match 3% though.
Sounds like COD Zombies music lol I dig it.
Nice video there Jarrad. Is that 10B from Vanguard before or after taxes? :)
We agreed on $10b worth of gummy bears to try to avoid taxes
Another good video
Thanks again!
Thank you so much for this information.
I was working if you have any videos or will do any videos about what to do with your pension or old 401k when changing jobs after 2 or 3 years. Turn them into Rota IRAs and pay taxes? Traditional IRA? Leave them in place?
Hi, Jarrad. When you say "max out your 401(k)," do you mean max it out to $23,000 limit for 2024 or up to your employer match? I work for a non-profit, and we have a retirement account that's matched at a high percentage, but I can't add more to it. We have an option to add a 403(b) traditional or roth. Do I need to max that out to the tune of 23K? That would be pretty much all of the donuts I have left in the box if I do that.
I'm referring to myself actually contributing $23k into the account. No, you won't need to max out your retirement account to get the full employer match. Every company does it differently, but they'll usually match your contribution up to a certain amount.
@@JarradMorrow Thanks for your reply, Jarrad. I really appreciate you taking the time to answer my question and educate us all. I'm at a university, so there's one 401k-like where they match 7.5%. That's great, but I can't increase it. Instead, I can add a sepaerate 403b, which I can max out at 23K. Soooooooo ... with the markets at an all-time high ....... sinking 23K annually into that ...... I'm going to need a bigger boat.
What is your m1 finance vti and vxus percentage split?
Great information. On a side note, what do you think about Fidelity's custom basket ETF?
Appreciate the feedback. Never heard of their custom basket feature until you just mentioned it. After a quick look at the video on their website I like the features (not the monthly fee, though). Seems like what you can already do within M1 Finance (for free) which has been a huge selling point for why I like them so much.
@@JarradMorrow thanks for the M1 info. So I can create a custom basket ETF at M1 and invest in it every month for completely free?
@@ek19751 M1 requires a $100 initial investment to open an account. After that, it requires $25 in cash to make a purchase. So if you're only able to contribute small amounts of cash at first, M1 won't immediately spend that money until you hit $25 free cash. Lastly, M1 uses Payment for Order Flow, if that's an important detail to you.
If none of that is an issue, then M1 is great. And if custom baskets are of interest to you, M1 can't be beat.
Yes you can. I show you how to do that in this part of a video I created: th-cam.com/video/kEOS-w21U3c/w-d-xo.htmlsi=wTDIJU2qPrGzXTHQ&t=936
@@JarradMorrow thanks, I'll check it out
4:46 my nga! S&Gs
9:17 i also just felt that before black Friday 2021, that everyone else would be selling the day of, so I sold about 1.5 weeks beforehand. Then things plummeted.
Jasprēet Singh (not a fan of his thumbnails but) has said downturns are great opportunities to buy; absolutely correct. You gain or you invest. You win or you learn
😂 not sure if anyone would catch that part. Congrats!
BTC not going to zero so you should be good. The investment bros love to shit on it, but it's the crypto to own with ETH maybe second.
All of my money goes into my roth 401k because I don't make much.
I have VOO, SCHD, SCHG I want international exposure should I keep VOO and just add VTI or sell VOO for VTI
Hmmm I’m doing a 80/20 split between domestic and international. Maybe I should lower my int? 😅
😂 noooo! Don't let what I'm doing influence your intl allocation. You chose that 80/20 split for a reason. I'd imagine it was for a good reason. 80/20 sounds pretty darn sensible to me so why don't you trust your past decision?
I have deferred comp.I can get an s&p 500 and bonds run by the state or a vanguard wellington balanced fund...what should I do?
Is your taxable accounts lessons learned a part of the car video that you linked?
#7 A+
👍🏻
Awe ok good
You are ok with the taxes you pay on the backdoor roth since you have pre-tax funds? Is there a tax rate where that would not make sense for you?
thoughts on ESG funds?
Here they are: th-cam.com/video/63hpp-r5dAo/w-d-xo.htmlsi=lfnIheIbZJtmx2i8&t=384
was wondering what the molly fund was for a second…😂
😂 figured not many people would know who she is so I wanted to make sure I put her pic on screen. But to be fair, she was named after the psychedelic so it can sometimes confuse people.
@@JarradMorrowha! that’s where the bitcoin went 😂
Beautiful
👍🏻
Would you not recommend Fundrise for most of us as our taxable account then?
It's just going to depend on your personal tax situation. I actually still like the service a lot even though I don't use them any longer. I believe they have a Roth IRA account which would be the more tax efficient way to invest with them.
Awesome video! I currently invest with brokerage company Webull. Do you think this is a good brokerage company to invest and hold ETFs for 10+ years?
Nothing wrong with Webull. I know some people don't like the platform since it's a Chinese owned company but as long as you don't care and like it then stick with it. I'm always in the camp of holding investments for the long term so 10+ years sounds good to me
Is there a notable difference between doing index versus ETF of the same fund (e.g. VTIAX vs VXUS)?
I don’t know all the specifics but, as I understand it, an Index Fund cannot be bought or sold 24/7. For my index each buy order goes through at the end of the next trading day. I believe ETFs allow you to buy and sell just like any other stock during trading hours. This might be convenient but I’d advise against doing too much trading to avoid taxable events.
I break down the differences in this video: th-cam.com/video/xmOMBIBGo0A/w-d-xo.html
Alright, here’s a video topic: when should someone lose their marbles, and convert their 401k to a Roth?
Damn, VTI is up $61 a share and VXUS is up $1 a share.. 😂 god I hate international lol
😂
the ex wife comment hits hard. I feel your pain.
I thought Molly fund was for raves 😅
😂 welllll technically she was named after it so I can see how this would be your thought
no bond fund huh?
I'm way too young for that and I have the risk tolerance to handle short term volatility. I'll revisit them when I'm a lot closer to retirement
@@JarradMorrow ok thx
I’m going to invest and not log back in for a couple of months 😅
Instead of having specific International stocks or ETF’s realize the large companies you are invested in already have a global footprint .
Correct. But I want to own the whole thing so the indirect international exposure through US stock funds isn’t enough for me.
No bonds?
6 month emergency aside. Ok boss I need 20 year to save that
Do you use YNAB?
No. I think I tried it many years ago but never really liked it.
Buy Nvidia, Microsoft and Palantir. You’ll be reach at end of 2024
Rich*
How much is bath water going for in this economy? =)
Depends on the contents of the water 😂
Bitcoin is the future. Pin this, youll wish you were way more in it in 20 years
I'm not disagreeing. I'm a dummy so I'll admit that I have no idea what's going to happen in the future.
I agree. It will replace the fiat. It is the new money..very easy to move compared to gold and fiat..old money
Crypto is a scam
@jarradmorrow do you have a brokerage taxable account and what do those investments look like? Thanks!
No bonds?
None.