I Just Sold Everything - Here's Why
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- เผยแพร่เมื่อ 6 มี.ค. 2024
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I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was $20k - $25k range. is it too late to get in and make profits? i have set aside $450k to get fully invested this year
i don't think it is. Once bitcoin crosses it's all time high, it becomes the new bottom. Anything under 69k is a good buy. It's still advisable to work with a fiduciary advisor instead of relying solely on speculations
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1million in gains… might not be a lot but i'm financially secure.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Absolutely love it!!! I'll have to be financially stable in every sense before purchasing my first supercar. The best thing to do with your money is to invest rightly because money left saving will end up with no returns
No doubt being financially free and able to afford these luxuries cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
you don't need that much, as long as you have 250k to 350k in cash, and earn at least 40k plus is fine. It not like you are going to pay the car off, get the car, drive it for a year or two then get something else. You don't need millions of manov to oniov nico thinnc.
Most people miss it but the secret to retiring comfortably is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive
Our family got introduced to a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips
@@christopherherbert2407 Please could you guide me on how to get in touch with your consultant? My funds are being eroded by inflation and seek a more lucrative investment strategy to effectively utilize before I consider retirement...
All we need is the right advice on how to invest and we will be set for life, making weekly profits from trading crypto, hoping to retire next year.. Investment should always be on any creative man's heart for success in life
That's awesome!! I know nothing about investment and I'm keen on getting started. What are the strategies?
I'll advise you to work with a financial advisor.....Building a good investment portfolio is more complex so I would recommend you seek Fergus Waylen's support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams .
YES! that's exactly his name (Mr Fergus Waylen) I watched his interview on CNN News and so many people recommended highly about him and his trading skills, he's an expert and I'm just starting with him....From Brisbane Australia
This Man has really change the life of many people from different countries and am a testimony of his trading platform .
Well, you are saying the fact. I invested $4,000 with fergus Waylen. and earned $12,000 .
Exploring the high-stakes world of day trading reveals a blend of risk and reward, where strategic leverage plays and timing during market fluctuations can lead to significant gains from minimal investments. This approach emphasizes the necessity of careful risk management, including setting stop losses and technical analysis, to navigate the volatile markets effectively.....managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Elizabeth Wesley, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
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 to many families In the United states, she is a licensed broker and a FINRA AGENT in the United States.
Please, how do I connect with Elizabeth Wesley?
she's mostly on Telegrams, with the user name.
Wesley215 💯
Honestly, The most significant lesson I gained from the stock market in 2023 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key
In my opinion, Certainty eludes everyone; thus, it's vital to establish your own methodology, handle risk, and adhere to your strategy unwaveringly. This commitment should endure challenges and successes, all while maintaining a commitment to ongoing learning and improvement.
Honestly, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach
Interesting, Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Well Wendy Birkett is the licensed expert I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thanks for putting this out, it has truly rekindled the fire to my goal...
I love listening to you talk!!! Beautiful voice
Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I have made over thousands of dollars from trading the crypto market regardless of the market conditions😊
You trade also?, I tried trading after watching some videos on TH-cam but still keep making losses, how do you trade on your own?
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some professional advice. It's totally inappropriate for investors to hang on while suffering from dip during significant market falls.
No I don't trade on my own anymore, I always require help and assistance
From my personal advisor
MICHAEL ALLEN
This sounds so good and I would like to be a party to this, Is there any way I can speak with him?
Sometimes i just find it so hard to find the initial capital to even do any of the things i aspire to work on.
Work more, spend less.
Save till you can fund your ideas.
Start DCAing daily asap for investments.
Reduce the number of things you aspire to do and focus on 1-2 things, ideally just 1.
Bro been watching you for years and this is one of the poignant and relative vid I've seen you put up. I admire your thinking style, ability to organize, task and time management balance to even create such an ambitious and successful list. You do and I observe with gratitude soaking up what I can. Being a T-10 para this human vessel takes it's toll and very much desire the ability to keep it simple, knowing the universe is abundant and interestingly tends to manifest what we really need when we need it.
Surviving a potential fatal car accident resulting in the classic lap belt injury as a passenger in the back middle school put things in perspective. To enjoy life, critically think about authoritarian social constructs and the agenda of control, follow the money-who what when where why-and tune out the manipulated mainstream programmed thought of what success and happiness are. A simple system of keeping the desire and want in check while cultivating gratitude for the gift of the present can never be underestimated. Thanks for the reminder my man!
That was deep.
It seems everyone is still relying too heavily on the charts now. Imho, when the ETF's stepped into Crypto it changed the game. The Bitcoin Baby has been born and will grow up fast. The Crypto Market now has a rubber stamp of approval. Wall Street is in the game now and It will become the store of value we have been talking about. The rules are already changing. We would have normally had a corrective retrace by now, yet Bitcoin has been steadily rising. The name of the game is getting out with profit, but when exactly to get out this Super Cycle is going to be a tricky one. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 3.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She's often interacts on Telegrams, using the user-name.
@Lindawilburn
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
Linda Wilburn strategy has normalized winning trades for me and it’s a huge milestone for me looking back to how it all started.
Max, I needed this video. You described my exact situation.
Thanks for the clarity man.
Happy to help!
It was indeed valuable Max. Thank you. I also have a chapter in life wherein I have tons of excess money from my salary as a college teacher and I have this overconfidence in my entrepreneurial skill that I ended up starting different businesses that lost thousands of money.
The lesson that I got there is to really double down on something that works and minimize and even cross out those that don't. Period.
no allocation for crypto max??
Thanks, your videos are awesome! You’re my hero! Greetings from Mexico!
Great video! I recently took at look at everything I was doing and started reducing my bandwidth to increase my focus. Many blessings to you my friend!
This is the kind of conversation that I need to have with my mates :) Thanks for sharing your thought :)
I lived in Gilbert. Cannot believe the prices out there now. Probably neighbors walking through. I'm holding out for a bigger crypto run then I will consolidate and wait for a broader market pullback or start a business. Love seeing so much growth of your channel Max.
Do you have to pay taxes on what you sold? or does the PR tax loop hole help you out here?
The or tax is only for crypto and I had no idea he's on PR. Nice background view he has
My friend Really interested in the Box trucks. Thank you
The sentiment at the end is the best part of this video. Thank you for being awesome.
The CD was a mistake IMO. I also sold on Monday M/4 and place it on usdc for 5.15%... If the dip comes im looking to buy
I also sold S&P and set a buy order for my target price
VERY GOOD ADVICE . . and well stated !! 👏 😎 👍 🔥
Totally agree .. 💯
No energy stock with sweet dividends or defense companies?
Any thoughts on MELD? Im debating throwing in the towel with this project but the bull market is coming.
OK but I bought Cardano and I stake it in liquid staking which I can remove at anytime With no lock up and I still get 4 or 5% so how is a bond or a CD better than that? Plus, the base value goes up as the token goes up, so I’m not really sure I get the benefit?
Don’t we get 3% now for Ada?
because ADA is going to the grave
@@randyra88not true. To be fair, the project is slow and could use more marketing flare but it’s not going anywhere. If anything, a lot of current longstanding big cryptos projects/coins are becoming more centralized which is ironic because of the purpose of crypto. ADA is one of the few projects that is 100% completely decentralized.
TheCoinBureau did a solid video analysis on this about a week ago.
@@randyra88 you know nothing about scalability ahah keep buying Solana, I assure you it's gonna dump 80% once the VC's had enough return, they already know it's not sustainable long term with the outages and fees that get mitigated printing more sol as a scam
I know Ada is the way to go, the normies don't know better.
5:49 so agree. The truth is that normal people struggle
When it comes to stocks it’s best to buy or sell options you get higher returns if you do your analysis correctly.
Degen comment of the year right here😂
I have about 5% of my portfolio in APPL stock, any advice on any other that I can grow my $200k capital to a million dollars?
Shotout to COLUBUS GA (AFLAC headquarters)!
I needed this video thanks.
Just as you limit the things to focus on, it is also helpful to limit the number of people.
Is your video background real? Where is it?
Congrats dude, you're where so many of us are striving to be.
As long as one of those things was not to quit TH-cam! Keep it rolling Max!
Max: I REAALY appreciate you sharing your thoughts on LIFE as it rolls along for you.
As time continues on....perspectives change.
rly great video, props man
Birkshire owns Aflac so thats a bit redundant
The house is down the street from my work. Nice house. Just Way to far off what I can afford
what was the tax bill like max?
Thanks again! Great video
How about an investment in to a startup cannabis business in Nj? 🤔
Is he a crackhead? He doesn't look it but nowadays you never know who's a junkie and who's not.
Please a video about your sale (company). Thank you
Great vid, makes great sense.
My brother thank you for the content, you're the best
Good advice!
I’m curious to know how much you sold your company for. I just started a moving company in New Jersey. Would love to pick your brain
Nice gains Maher. Keep it up.
Why CD? Gold isn't safer and probably more than 5% return?
cir. 1990 -2015 Between that time, I was down on aapl 75% at one point only to hold and time pushed it up 1500% then topped at 4000%. You will miss the rebound and be subject to 15% long-term and 21% short-term tax. Hold long and strong.
Excellent video, though ❤
Excellent video Max. I like keeping it simple and doing CDs. Nothing to do and every month I get a nice deposit in my account.
Exactly!
Why lock your money up on CD when for example Robinhood is paying 5.25% interest. Or cosmos is paying 14% interest APY for staking rewards?
Focus. 100% on board with that.
Respectfully asking Max, is it cheaper to live in Puerto Rico, and are taxes less when you sell you assets?
Cost of living is comparable with major cities in the us. Food is slightly more expensive. 0% capital gains tax, 4% corporate income tax
As you become more successful and earn more. One thing becomes clear. The most valuable thing is your time. When you spread yourself thin and focus on too many things you lose lots of valuable time. So structuring your goals and focus is time efficient.
So will this channel be about cd’s
Congrats!
High yield basically does this. 🤷🏽♂️
Great video! Didn't expect the ending 😂
Keep it profitable
US bonds are a bit better and just as safe as as federally insured CD.... No?
Bonds and CDs have different interest rates. Bonds in the past have been better, but since around Covid times, CD interest rates went wayyyy higher than they have been in the past. FDIC insured CDs are insured up to 250,000. So you buy each one from a different bank if you have more than 250k. Like max said, he bought 1 year CDs for 5.25% which is pretty good. Most wealthy people have been using CDs in these confusing times over the last 3-4 years.
Warren was at the right place at the right time. Yes, he was frugal and smart, but more lucky than anything else.
Warren came from wealth, and most of his projects in the 1950s-1970s were the same style of extracting profits by squeezing companies that most people today do not like done.
I really take away good stuff from your vids. This one is supper relevant to me.
Great show
Great content!!
Could have done the same thing and just put it in the S&P 500 for a chance at better returns. You said it yourself, you don’t need the money. If it dips 20%, who cares, just keep holding. The S&P is constantly riding all time highs, nothing to be concerned about.
What size box trucks? Still for sale?
24’ box and yes
What about the 40% capital gains taxes :O
Let gooo I got in PLTR at avg of 7.20$ and came out big!
Thanks!
Nice overview, I’ll do that list real soon. Needed this
Thanks again Max 🥂
What Max is trying to say, is he's working on a new ERGO video highlighting the Rosenbridge to ADA, ETH and more!
You still didn’t mention what in crypto did you buy in.
Congrats on figuring that out🎉 I would tell you if you don’t have 1-5 bitcoin or the equivalent spread out in the new Spot Bitcoin ETFs, you really should. And then just look at that as a long term, life time hold. Only cashing out what you need to live on, only after it is high enough, per coin, you can live on it for the next 20-30 years. Blessings
Lets go matt lets find some plays in crypto
you been lifting bro? lookin pretty solid
Dude was shilling coins a week ago.
What is wrong with that
You mad Because you didn’t buy and they pumped
he's on about the stock market here though?
and that he's stopping allot of things to spend till focusing on other things including crypto?
Nah, that's silly, and it's too early. At least wait until next year during bull run. For this bull run and next bull run crypto is the go.
Bro u mreley compansate the inflationrate with 5%.
He’s not doing it for gains, he just want to free his mind from worry with a simple strategy.
I, however, free my mind from worry by simplifying all my finances into bitcoin lol
@@Nick_Leo If he didn't put at least half into BTC hes going to hate himself in a few years when it becomes the new global reserve currency of the world.
i hope you considered buying jasmy in your portfolio.
youre a real one
Throw it all on Solana, Super, Ribbon, ICP and watch it quadruple in no time at all. or just double it in a few weeks and sell.
Awesome!
We will potentially not see a major decline in the market during an election year, is what I've heard.
What election? Lol
This is my last year investing in the stock market. After this, I'm only keeping my investment in Tesla. I've been learning about Solidity and smart contracts, especially after doing well with Ethereum and crypto. Now, I want to focus more on smart contracts and what they offer for the future. I’m glad to know I’m not the only one doing it. Good luck to you as well.
CSX is my Aflac.
Dont get it where do u put the money? Best option is btc eth 50/50 - stock’s nvidia - money printer Take speed no brake😂
would you put some of your $700K from your stock portfolio and get into the mineral markets?
Focusing on 7 projects won’t make me a Billionaire but it will make me a millionaire
just stake man Binance gives you 25% APR on USDT
Bravo 🎉
....i definitely would've put that in Bitcoin.
Reminds me of a book i read recently. 10x is easier than 2x.
5% with fiat value falling at an average of, what, maybe 7%?.... Hm.
Sold stock. And bought Floki. Nice
Ok good I thought you sold all your crypto and I was going to be a little worried about mine lol
😶 definitely not what I would have expected at this time. #Not financial advice.
I'm going to make a video on TH-camrs getting BUFF after making videos. 💯 👍 and you got it!
I think selling everything was a great idea except where you put, I've been seeing a lot of bad news on the horizon with banks. Put it in bitcion and see a better than 5.35% return and save yourself from the coming bank runs. Best of luck to you though!
Thanks, Max, we appreciate your transparency and insight.
So you sold stocks or crypto?
Just stocks to focus on crypto