Schools are one of the things that cost people money rather than help them make money. They are part of the system that keeps people broke. I think it's good parents and a little bit of luck that would help kids have a financially-sound future. Kids really aren't thinking about the future. By their nature they are only thinking about the immediate future, as we did. A few hours from now. Maybe a few days. Even when we were in our 20s and 30s even a lot of us were not thinking clearly. I guess that's a good thing about trust funds. Takes investing out of the hands of the dumb. 😄
This should be obvious, but if you have *any* credit card debt or if you have no savings nest egg (at least $1,000 I would say), worry about that first.
yes, this is so true. I mean what is the point of investing $100 with the estimated return of 1-2% when you have $100 on credit that has an 10-25% interest rate.
If you invest smart - credit card or bank money you will be in profits, but yes there’s risk you have to measure, let say buy a house buy to let and etc. You can be in debt 2 mil and your annum profits 200k after all bank payments let say 130k you left 70k in clear profit.
I would say at least $5,000 for emergencies, although $12,000 is ideal. $1,000 is good if your actively tackling heavy debt though, which if you are then you shouldn't be investing.
Well yes and no. I know of people like Graham Stephan who will go into "debt" for something that'll gain profit (yes I know that's what investing is and there's also risk). In the normal sense through yes I'd agree.
5 great question to ask yourself #1. How much am I willing to lose? #2. What is my purpose or goal? #3. Why would I sell this investment? #4. How much will this investment cost? #5. Am I diversified?
Loss aversion has been shown to be more powerful than the desire to make more income, and that is why people make bad financial mistakes during times of panic _like during a market correction._ That is why it is so important to build an emergency fund, and a little leeway so that you can reduce some of that risk aversion panic and be wiser with your finances 👍
@@t-squared6406 That's not without risk. A company whose share price is plunging may bounce back up, but it could go bankrupt, leaving you out of pocket.
If you want to invest in real estate you can still do that via the stock market Just think how much real estate is part of say McDonalds, Berkshire, or Conoco. There also real estate investment trusts (REITs) that trade like stocks.
personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!
@@devereauxjnr needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@Tsunaniis-j5l I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
@@Tsunaniis-j5l I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks
My first investment: I’m lucky enough to come from a family willing to talk and instruct me on finances, so when I got my first real job at 16, my dad offered up the option of starting a Roth IRA with all that extra money. That IRA now holds over $10k and it’s only been a few years.
My first investment was a big one, over 40K on a particular stock years ago, at the advice of a rich friend. That stock tanked and I haven't recovered. I didn't know anything about investing then and realized later on that what I was looking for was a hassle free mutual fund or UITF where I can invest in the stock market without me having to trade myself. I wasted so much money back then and I'm still trying to recover that loss now. I was young and stupid.
My one month salary was in apple stock when it’s about to get bankrupt in the 90’s I sold it all in 2017. I still have in IBM and waiting. I have real estate condos but I airbnb them. Still working my 9 to 5 job as a programmer.
My first investment was this year, actually! I was able to go from 12k in debt at age 20 to having 18k in an green/ethical mutual fund at my local financial institution. It felt great to see years of frugality and hard work result in my money starting to work for me, after all the hard work I'd put into getting my money! I'm trying to fructify that money into a downpayment into a condo of my very own --home ownership is very important to me. I'm continuing to save up, and am thinking of trying and develop some passive income soon.
Another question: If you’re doing your own investing, ask yourself how much time you can spend doing that investing. Don’t have a lot of time? Maybe you should stick with index funds, bond funds, or other mutual funds. Have a lot of time to research, read reports, and investigate companies? Then you’ll probably be able to make better decisions on individuals stocks and other individualized investments.
justin miller Wrong here's why, Magic cards, video games, rare artwork or any other collectible pay you no money unless you sell the item, actual investments pay out dividends, rent checks, or some sort of other cash flow like starting a small business. Any collectible market could have it's ass completely fallen out at any given time. "Investing" in any collectible market is only as good as the "collectors" willing to pay the prices for the items. I have a buddy who runs a MTG and video game store and he makes really good money doing so, but that does not mean in a decade or 2 people will still care about those collectibles anymore only time will tell.
@@Bubbasizer So your basically saying a 401k focused mostly on index funds is the exact same thing as most index funds stocks do not pay dividends and only look for growth. But that is an investment? Anything of "value" is an investment only as far as its willing to grow and have people value it. Businesses, collectibles, money itself. I do not agree with what you are saying.
justin miller The only value a collectible has is the fact that someone is willing to buy it off you. Index funds, stocks, mutual funds are actually tied to the performance of the company or companies they are invested in.
My first investment was a 3 bedroom apartment under a government scheme. I was in college and worked nights to pay for the deposit. Now it is fully paid off and gives me 300$ net monthly. Worth it!
My first investment was the investment of $1000 into AMD. This was not a well-researched purchase, but I held for 3 years because I researched more and more as time went on and realized the company had a strong foundation and good leadership. It also had a fanbase and only 2 companies giving major competition. I bought AMD at $9.47 per share and sold at $29.50 per share. Now that $3000 is in my M1 finance account with a dividend-based strategy.
First investment was Apple in 2015. Didn’t really know what I was doing and just wanted something. Ended up being a good pick! Now I’m completely in index funds with no single stock exposure.
My first real invesment that I can remember is buying gold and it didnt work very well for me. Now I found you guys and I am learning about money and invesment. Greetings from Turkey 🇹🇷 and thanks for the great content.
I'd be curious as to your thoughts on robo-investing companies? I'm personally with Wealthify (I'm UK based), but I'm guessing you'll have similar companies across the pond that general thoughts would also apply to.
You asked about our first investment. I remember being scared because I didn't know what I was doing - I felt like I was thrown into the middle of the ocean and told to swim home. I looked around and decided to go with E.F. Hutton, this was in 1979. My broker suggested investing money in an oil venture and when we struck oil I felt like Jed Clampett. Unfortunately EFH was involved with insider trading. Now 40 years later I own Large caps, mid-small caps, foreign, real estate investments, emerging markets, bonds, health care and financials. I read constantly, keep current of global current events, pull back a little and move small amounts when investments are over priced [the euphoria period] and never panic sell, instead when the market appears to hit bottom I then then slowly buy up bargains. Remember the news media is driven by fear and greed to make money through advertising. But I always remind myself of my screw ups along with successes; and you're totally correct, "how much are you willing to lose?".
I teach financial planning classes and I always advise people to invest prudently. NEVER use insurance products as investments ALWAYS check out investment advisors at FINRA.org broker check. Look for someone with at least a series 7 license. The website also shows if there have been any complaints about a broker Ask about how much formal education they have too
They didn't mention roboadvisors or roboinvestors at all, that's also an option for people who want to invest but don't know specifically where to start.
I'm rewatching this years later and still don't know what to do as a disabled. I don't want to, not expect to, make it to a normal retirement age and will probably have more upfront costs/expenses than the average person. Investing, especially playing the long game and with the perspective of retirement, doesn't make sense for me. I also can't gamble with money for quick returns either though. The only real option is a sugar daddy or 3, but I'm not a spring chicken anymore!
Stephen covey!!!! Great book I read the teen one when I was younger the. I read the adult one lol... Are there any financial books you guys recommend? (I love reading). And thank you for making this video simple because I had No clue about investing lol
Working at starbucks the company offered employees a benefit where we can purchase company shares by taking a percentage of our paychecks weekly and buying shares at a 5% discount at the end of each quarter. I did that for many years and accumulated dividends on top of that. That was how I got into investing.
I bought UBNT (Ubiquiti Networks) after hearing about their products and researching their future efforts. I bought at $6 a share, and sold at $13! That was enough for me to take a weekend trip up the coast of California. Now, the stock is over $100/share, and I have no regrets! I enjoyed the time that my money bought me, and hope that others (who may have made even more) will do the same! Remember that money is a means to an end!
i will share my experience with you, i began investing about 3 years ago, but last year i began investing with the guidance of a financial adviser and within a year i have made about $750,000 in profit from an investment of $200,000 so you will make better profit when you have a professional supervising your investments decisions.
Your videos are really nice, they make the concept simple to understand and digest. My first investment was a fixed deposit with my bank, a low risk instrument.
Hi, a viewer from Malaysia, I just got to say that I appreciate this video very much. What you said about loss aversion is completely true, I'm right now trading in my country's trading exchange and I have fear that my money will go down the drain rather than thinking that the money will appreciate on value overtime. And do have a trading/investing plan, ie what to buy, when to buy, when to sell. It makes it so much more easier and simpler than go in with everything in your mind and not written down anywhere. And have a ledger documenting your stocks performance or profit/loss to make sure that what you're doing seems viable and sound rather than crazy picking.
First investment was bonds. Then Bitcoin, I entered after the 2018 crash. Then stocks, I entered right after the coronavirus crash. I sold most of my bonds for the down payment of my studio, which is my latest investment. I'll live there, and hopefully in a few years be able to move out and lend it :D
Hey Julia & Phillip, thank you for providing great high quality info like this. One question I have, I understand that different investment accounts may have fees associated, but how do we go about finding the hidden costs? I know it's a bit of a general/tough question, but for some context I have a 401k with my company and I'm wondering if the 'hands-off' target date fund is good or if it has high fees, but when I tried calling and asking about fees the Fidelity rep I spoke with told me that "there are no fees because the company is paying for them". I would like to believe that my 401k has absolutely no fees on it, but somehow I find it hard to believe a company would do that for all it's employees.
It is likely that the company you are working for is paying Fidelity in exchange for the exclusive rights to manage that company's entire 401k portfolio. It is likely that as soon as you no longer work for that company, you will have to pick up those fees. Read more into it and ask Fidelity a lot of questions. Ask them if you have to pay fees once you retire, or will the company still pay. Ask if how a employer switch might affect your account and fees. Ask if you switch employers if there is a fee to switch to another investment firm and if so how much.
what helps with investing is the risk/reward factor,how much can I afford to lose and how much can I gain,CDs used to be an excellent investment,you want something conservative,try dividend paying stocks with an excellent track record,the info is easy to find!
All very good points that I agree with totally. There are so many ways to invest your money. You have to find the one that is right for you. What might be right for someone else might not be right for you.
My first investment (despite saving account) was on stock in polish bank PKO. I sold it with 7% profit. The very next day government changed interest rates and quotations droped hard. (Sorry for my english)
Here's my two cents: investing can be done in anything that has a market. Examples: cars, houses, stocks, bonds, collectibles like Barbie or comics, gold/silver etc. It really doesn't matter what you invest in as long as you think that investment had a strong future and people are going to continue putting money into that market. What I recommend is to choose something that you are knowledgeable about and you think will be worth more in the future. Now of course any investment is a gamble, please remember that. Nothing is set in stone and anything can fail. One more thing, the safer an investment is the less money you make. The more risks you take the more money you can make. So you need to find that middle ground for yourself.
Low cost indexes are good for those that don't want to do a lot of continual research or pay a lot of fees. The returns are comparable to the managed funds.
Well my first was Bitcoin. Luckily got to cash out 700 dollars. Then cz of the 2018 bust. Went to Real Estate Investment Trusts (REITS) and mutual funds. After a slight paper loss in REITS, I decided to study how to buy real estate. Fast forward 6months, currently in the process of getting my first investment property in Singapore at the ripe age of 25 :)
Here is a question; how much would the Dow or SP 500 be worth if there were not 2 Trillion (with a T) in stock buybacks. And what will be the ramifications of all the debt taken on to finance the buybacks?
I just mentioned this to some of my good friends to get their thoughts, but what are YOUR thoughts on independent investing sources like LendingClub? The $1000 COE immediately seems off-putting, but are the potential gains, security, and risks worth the upfront cost?
@@josuegallegos53 the $1000 is required to just take part in the service, which you then choose how to invest to "borrowers" of the service on an individual basis, and at $25 increments
It sounds similar to the Prosper lending site. I invested about $500 5 years ago, I think I lost most of it. They weren't able to do business in my state anymore. I would be very cautious. If you were going to throw away the $1000 on something else then go for it. Reading the Lending Club site is interesting - "99% of portfolios with 100+ Notes see positive returns" At $25 per note, one would need to invest $2500 to have that guarantee. They also say their profit numbers assume an average interest rate of 14%. That seems pretty high. The people paying 14% are more likely to default.
Bought stocks of german steelmaker Thyssen-Krupp back in 1999. Sold it a year later with 12% profit. When I think back on this I always smile because this company is on the way to bankrupcy now.
My very first investment was few months ago.. when I put my money in finsncial company that invest in stock n bond and its runs great really recomend everybody to invest in such a thing they manage everything n u watch ur money grow while laying on ur bed !
Since March, I’ve been investing into is : Facebook, Apple, Microsoft, Tesla, AT&T and Solaredge technologies but good luck to every investors out here!
it takes time,patience,what I said in other comments didn't happen overnight,I looked hard into companies to buy and have excellent ones,don't care what the market is doing,my companies rock!!!
My first investment in Dabur I bought @402 100 stocks it's down 343 I wait and after some month it's recover &I sold it to 403 in panic it made high 520.
These videos need to be shown at all schools in middle school and high school. This is the kind of life-lesson that everyone should know.
Exactly👏
Schools are one of the things that cost people money rather than help them make money. They are part of the system that keeps people broke. I think it's good parents and a little bit of luck that would help kids have a financially-sound future. Kids really aren't thinking about the future. By their nature they are only thinking about the immediate future, as we did. A few hours from now. Maybe a few days. Even when we were in our 20s and 30s even a lot of us were not thinking clearly. I guess that's a good thing about trust funds. Takes investing out of the hands of the dumb. 😄
The most important one is investing into yourself that they missed.
There is a reason why it isn't.
my name jeff
This should be obvious, but if you have *any* credit card debt or if you have no savings nest egg (at least $1,000 I would say), worry about that first.
yes, this is so true. I mean what is the point of investing $100 with the estimated return of 1-2% when you have $100 on credit that has an 10-25% interest rate.
totally! building an emergency fund and some leeway in your expense accounts is so important!
If you invest smart - credit card or bank money you will be in profits, but yes there’s risk you have to measure, let say buy a house buy to let and etc. You can be in debt 2 mil and your annum profits 200k after all bank payments let say 130k you left 70k in clear profit.
I would say at least $5,000 for emergencies, although $12,000 is ideal. $1,000 is good if your actively tackling heavy debt though, which if you are then you shouldn't be investing.
Well yes and no. I know of people like Graham Stephan who will go into "debt" for something that'll gain profit (yes I know that's what investing is and there's also risk). In the normal sense through yes I'd agree.
I know a few people who have most of their retirement in their company's stock but I would never bet that much on the future of any company 😬
Yeah really
omg totally! “don’t put all your eggs in one basket”
Unless the company is AT&T or Microsoft :D
@@SlavaMoney Still risks to banktupt one day if someone else takes them over...
Except AT&T.
AT&T is eternal.
Invest in your home, pay it off asap
First investment ? - Gardening, got unlimited supply of oranges, avacado , lemon , lime etc 😏
I was 7
I would love to garden but the wasps have taken controll of my backyard.
Oh man. We love gardening.
@@richardgonzales3341 let's take it back =.=
same! i was around that age when me and my brothers started our own gardening. we had okras, tomatoes, eggplants, limes, etc. those were good times.
What a god
5 great question to ask yourself
#1. How much am I willing to lose?
#2. What is my purpose or goal?
#3. Why would I sell this investment?
#4. How much will this investment cost?
#5. Am I diversified?
Invest in Two Cents for guaranteed returns 😊
100% return would still be only two cents...
Loss aversion has been shown to be more powerful than the desire to make more income, and that is why people make bad financial mistakes during times of panic _like during a market correction._
That is why it is so important to build an emergency fund, and a little leeway so that you can reduce some of that risk aversion panic and be wiser with your finances 👍
Couldn't agree more!
those times are great buying opportunities,shoot,I got as little as a share just to get in on a rock bottom price!
@@t-squared6406 That's not without risk. A company whose share price is plunging may bounce back up, but it could go bankrupt, leaving you out of pocket.
@@faithlesshound5621 depends on the company,track record,mine aren't going anywhere,but up!!
Investments seem so scary and far away but as it is with every Two Cents video, it is so much clearer and makes everything make sense.
And the earlier you begin, the better off you'll be in the long run, Ruby!
like I said,buy companies with an excellent track record that have been paying dividends for years!
My IRA never has a clogged sewer main, unlike my real estate investments. Thanks for the video.
Hahahaha. Oh man, that's a true statement.
If you want to invest in real estate you can still do that via the stock market Just think how much real estate is part of say McDonalds, Berkshire, or Conoco. There also real estate investment trusts (REITs) that trade like stocks.
Y’all were put in my life for a reason. Keep it up
personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!
Currently, my primary worry is how to increase revenue during periods of quantitative easing. I cannot afford to witness my savings dwindle away
@@devereauxjnr needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@Tsunaniis-j5l I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
@@DreamweaverShade-h9p credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@Tsunaniis-j5l I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks
My first investment:
I’m lucky enough to come from a family willing to talk and instruct me on finances, so when I got my first real job at 16, my dad offered up the option of starting a Roth IRA with all that extra money. That IRA now holds over $10k and it’s only been a few years.
That's awesome!!!!
My first investment was a big one, over 40K on a particular stock years ago, at the advice of a rich friend. That stock tanked and I haven't recovered. I didn't know anything about investing then and realized later on that what I was looking for was a hassle free mutual fund or UITF where I can invest in the stock market without me having to trade myself. I wasted so much money back then and I'm still trying to recover that loss now. I was young and stupid.
Did that friend suggest to put all of it into one stock or just to invest some into it?
I get your happy little intro tune stuck in my head sometimes 🤣
Same here
I find it really catchy!
My one month salary was in apple stock when it’s about to get bankrupt in the 90’s I sold it all in 2017. I still have in IBM and waiting. I have real estate condos but I airbnb them. Still working my 9 to 5 job as a programmer.
My first investment was this year, actually! I was able to go from 12k in debt at age 20 to having 18k in an green/ethical mutual fund at my local financial institution. It felt great to see years of frugality and hard work result in my money starting to work for me, after all the hard work I'd put into getting my money! I'm trying to fructify that money into a downpayment into a condo of my very own --home ownership is very important to me. I'm continuing to save up, and am thinking of trying and develop some passive income soon.
hey,if you extra money,you should put it into dividen paying stocks with a great track record,you can get residual income from that,I do!
Asking “what should I invest in?” Is like asking “what is the best color?”
It's green btw!
@@Greatmount green its not a creative color
White, because it contains all the colors. - Dwight Schrute
Yeah, it's a silly question. People are clueless, though.
More like deciding what to eat for dinner
Another question: If you’re doing your own investing, ask yourself how much time you can spend doing that investing.
Don’t have a lot of time? Maybe you should stick with index funds, bond funds, or other mutual funds.
Have a lot of time to research, read reports, and investigate companies? Then you’ll probably be able to make better decisions on individuals stocks and other individualized investments.
I think that's a great thing to add to the conversation!
About how much time are you taking about. Like less than 2 hours a day or more?
First investment was in Magic the gathering cards. Started 12 years ago and my collection earned me 300% ROI when I sold it.
justin miller That's not really an investment, that's arbitrage.
@@Bubbasizer MTG cards typically appreciate over time, especially the older pre 2000's cards. That makes them assets. Not arbitrage.
justin miller Wrong here's why, Magic cards, video games, rare artwork or any other collectible pay you no money unless you sell the item, actual investments pay out dividends, rent checks, or some sort of other cash flow like starting a small business. Any collectible market could have it's ass completely fallen out at any given time. "Investing" in any collectible market is only as good as the "collectors" willing to pay the prices for the items. I have a buddy who runs a MTG and video game store and he makes really good money doing so, but that does not mean in a decade or 2 people will still care about those collectibles anymore only time will tell.
@@Bubbasizer So your basically saying a 401k focused mostly on index funds is the exact same thing as most index funds stocks do not pay dividends and only look for growth. But that is an investment? Anything of "value" is an investment only as far as its willing to grow and have people value it. Businesses, collectibles, money itself. I do not agree with what you are saying.
justin miller The only value a collectible has is the fact that someone is willing to buy it off you. Index funds, stocks, mutual funds are actually tied to the performance of the company or companies they are invested in.
I'm all about those Vanguard ETFs! Actively managed funds have too many fees. They don't reliably beat the market anyways...
You two look like you were ripped straight out of the 50's and i LOVE IT
My first investment was a 3 bedroom apartment under a government scheme. I was in college and worked nights to pay for the deposit. Now it is fully paid off and gives me 300$ net monthly. Worth it!
My first investment was the investment of $1000 into AMD. This was not a well-researched purchase, but I held for 3 years because I researched more and more as time went on and realized the company had a strong foundation and good leadership. It also had a fanbase and only 2 companies giving major competition. I bought AMD at $9.47 per share and sold at $29.50 per share. Now that $3000 is in my M1 finance account with a dividend-based strategy.
First investment was Apple in 2015. Didn’t really know what I was doing and just wanted something. Ended up being a good pick! Now I’m completely in index funds with no single stock exposure.
this video is exactly what i needed thanks two cents!
Awesome video! Thanks for laying this out! I’ve been slowly figuring out these tips and your video put it into words 🤩
Last time I was this early Bitcoin was a sound investment
Lol
bitconnnnnneccttttt 🤙😂
@@ChrisDAndrealifestyledesign lmaoooo
I'm still HODLing. I bought in December 2017 when 1 BTC = 20K
My dad made heaps on bitcoin!
This is the best TH-cam channel ever.
My first real invesment that I can remember is buying gold and it didnt work very well for me. Now I found you guys and I am learning about money and invesment. Greetings from Turkey 🇹🇷 and thanks for the great content.
I'd be curious as to your thoughts on robo-investing companies? I'm personally with Wealthify (I'm UK based), but I'm guessing you'll have similar companies across the pond that general thoughts would also apply to.
We've covered robo-advisors in some past episodes, but we find that they're a pretty great option for loads of people!
I *really* enjoy the quality and variety of educational videos on this channel.
All I can say is *keep* *it* *coming* ! :)
I just downloaded Robinhood, transfers 50 bucks and bought 4 shares..... then bumped into this as if my FBI agent trying to tell me I messed up. 😅
You guys are amazing for the content that you share! This is my favourite channel - an absolute keeper!
You asked about our first investment. I remember being scared because I didn't know what I was doing - I felt like I was thrown into the middle of the ocean and told to swim home. I looked around and decided to go with E.F. Hutton, this was in 1979. My broker suggested investing money in an oil venture and when we struck oil I felt like Jed Clampett. Unfortunately EFH was involved with insider trading. Now 40 years later I own Large caps, mid-small caps, foreign, real estate investments, emerging markets, bonds, health care and financials. I read constantly, keep current of global current events, pull back a little and move small amounts when investments are over priced [the euphoria period] and never panic sell, instead when the market appears to hit bottom I then then slowly buy up bargains. Remember the news media is driven by fear and greed to make money through advertising. But I always remind myself of my screw ups along with successes; and you're totally correct, "how much are you willing to lose?".
informative, easy to understand ....... excellent
I teach financial planning classes and I always advise people to invest prudently. NEVER use insurance products as investments ALWAYS check out investment advisors at FINRA.org broker check. Look for someone with at least a series 7 license. The website also shows if there have been any complaints about a broker Ask about how much formal education they have too
They didn't mention roboadvisors or roboinvestors at all, that's also an option for people who want to invest but don't know specifically where to start.
Great video, thank you.
I'm rewatching this years later and still don't know what to do as a disabled. I don't want to, not expect to, make it to a normal retirement age and will probably have more upfront costs/expenses than the average person. Investing, especially playing the long game and with the perspective of retirement, doesn't make sense for me. I also can't gamble with money for quick returns either though. The only real option is a sugar daddy or 3, but I'm not a spring chicken anymore!
You guys are awesome !! I want to see more of your videos !!!
Could you guys do a video on re-financing? :D
LOVE LOVE LOVE you both!
Stephen covey!!!! Great book I read the teen one when I was younger the. I read the adult one lol... Are there any financial books you guys recommend? (I love reading).
And thank you for making this video simple because I had No clue about investing lol
Never speculate!
Always research and invest in amazing companies 👍
Working at starbucks the company offered employees a benefit where we can purchase company shares by taking a percentage of our paychecks weekly and buying shares at a 5% discount at the end of each quarter. I did that for many years and accumulated dividends on top of that. That was how I got into investing.
I bought UBNT (Ubiquiti Networks) after hearing about their products and researching their future efforts. I bought at $6 a share, and sold at $13! That was enough for me to take a weekend trip up the coast of California. Now, the stock is over $100/share, and I have no regrets! I enjoyed the time that my money bought me, and hope that others (who may have made even more) will do the same!
Remember that money is a means to an end!
Nice content, But would appreciate more investments advise, Thanks for this.
Have you considered a financial advisor?
I have not can you point me in the right direction?
I'm a new investor as well would appreciate tips that'd push me in the right direction.
i will share my experience with you, i began investing about 3 years ago, but last year i began investing with the guidance of a financial adviser and within a year i have made about $750,000 in profit from an investment of $200,000 so you will make better profit when you have a professional supervising your investments decisions.
@@MuhammadAhmad-kt4st wow! that's some cool profit. could you drop me a link to your FA or I could drop mine.
0:10 I think Phillip just winked with both eyes, great vid.
Great questions to ask.
Your videos are really nice, they make the concept simple to understand and digest. My first investment was a fixed deposit with my bank, a low risk instrument.
Hi, a viewer from Malaysia, I just got to say that I appreciate this video very much. What you said about loss aversion is completely true, I'm right now trading in my country's trading exchange and I have fear that my money will go down the drain rather than thinking that the money will appreciate on value overtime. And do have a trading/investing plan, ie what to buy, when to buy, when to sell. It makes it so much more easier and simpler than go in with everything in your mind and not written down anywhere. And have a ledger documenting your stocks performance or profit/loss to make sure that what you're doing seems viable and sound rather than crazy picking.
Great video
Very simple to understand , great job
First Investment? Royal Bank of Canada Stock in 1999. Still holding and collecting dividends to this day, my first was my best!
First investment was bonds. Then Bitcoin, I entered after the 2018 crash. Then stocks, I entered right after the coronavirus crash. I sold most of my bonds for the down payment of my studio, which is my latest investment. I'll live there, and hopefully in a few years be able to move out and lend it :D
Hey Julia & Phillip, thank you for providing great high quality info like this. One question I have, I understand that different investment accounts may have fees associated, but how do we go about finding the hidden costs? I know it's a bit of a general/tough question, but for some context I have a 401k with my company and I'm wondering if the 'hands-off' target date fund is good or if it has high fees, but when I tried calling and asking about fees the Fidelity rep I spoke with told me that "there are no fees because the company is paying for them". I would like to believe that my 401k has absolutely no fees on it, but somehow I find it hard to believe a company would do that for all it's employees.
It is likely that the company you are working for is paying Fidelity in exchange for the exclusive rights to manage that company's entire 401k portfolio. It is likely that as soon as you no longer work for that company, you will have to pick up those fees. Read more into it and ask Fidelity a lot of questions. Ask them if you have to pay fees once you retire, or will the company still pay. Ask if how a employer switch might affect your account and fees. Ask if you switch employers if there is a fee to switch to another investment firm and if so how much.
When are you going to talk about how awesome index funds are for long-term goals?
We've got an episode all about Index Funds coming soon, Bryce.
I love this series!
what helps with investing is the risk/reward factor,how much can I afford to lose and how much can I gain,CDs used to be an excellent investment,you want something conservative,try dividend paying stocks with an excellent track record,the info is easy to find!
I got an ad for etrade before this.
All very good points that I agree with totally. There are so many ways to invest your money. You have to find the one that is right for you. What might be right for someone else might not be right for you.
Thank you both for giving out real advice.
I’m a complete novice when it comes to investing.
My first investment (despite saving account) was on stock in polish bank PKO. I sold it with 7% profit. The very next day government changed interest rates
and quotations droped hard. (Sorry for my english)
i like you guys. just subscribed. your videos are short, sweet, packed with info. keep up the good work and thanks for sharing these infos
I put some money into a 6 month CD. It'll gain more interest than most other CD's at maturation. And I can grow it faster than your typical CD.
Thank you for creatively advocating for financial literacy!
Here's my two cents: investing can be done in anything that has a market. Examples: cars, houses, stocks, bonds, collectibles like Barbie or comics, gold/silver etc. It really doesn't matter what you invest in as long as you think that investment had a strong future and people are going to continue putting money into that market. What I recommend is to choose something that you are knowledgeable about and you think will be worth more in the future. Now of course any investment is a gamble, please remember that. Nothing is set in stone and anything can fail. One more thing, the safer an investment is the less money you make. The more risks you take the more money you can make. So you need to find that middle ground for yourself.
@sv650Sftw totally agree, i just used it as an example, be it a bad example.
@@uwillnevernoewhoiam thank you!
What do you guys invest? Just curious
Awesome video! I enjoyed all the visuals. It is great to learn from a fellow investor!
Your videos are so easy to recommended..
My first investment was my 401k plan 14 years ago, 26 years old at the time.
Low cost indexes are good for those that don't want to do a lot of continual research or pay a lot of fees. The returns are comparable to the managed funds.
An 'Investing for Dum Dums' video should use the full-form of CDs at least once.
Very nice!
Great content 💯
Well my first was Bitcoin. Luckily got to cash out 700 dollars. Then cz of the 2018 bust. Went to Real Estate Investment Trusts (REITS) and mutual funds. After a slight paper loss in REITS, I decided to study how to buy real estate. Fast forward 6months, currently in the process of getting my first investment property in Singapore at the ripe age of 25 :)
I like the energy you have in each video! :)
Stock service that charges per trade? What is this 2018
love you two!
Here is a question; how much would the Dow or SP 500 be worth if there were not 2 Trillion (with a T) in stock buybacks. And what will be the ramifications of all the debt taken on to finance the buybacks?
Save -> invest -> speculate. It’s like crawl before you walk before you run
I just mentioned this to some of my good friends to get their thoughts, but what are YOUR thoughts on independent investing sources like LendingClub? The $1000 COE immediately seems off-putting, but are the potential gains, security, and risks worth the upfront cost?
It totally depends on how much you are willing to lose. Once you invest the $1000, consider it a complete loss and continue to spread your portfolio.
@@josuegallegos53 the $1000 is required to just take part in the service, which you then choose how to invest to "borrowers" of the service on an individual basis, and at $25 increments
It sounds similar to the Prosper lending site. I invested about $500 5 years ago, I think I lost most of it. They weren't able to do business in my state anymore. I would be very cautious. If you were going to throw away the $1000 on something else then go for it.
Reading the Lending Club site is interesting - "99%
of portfolios with 100+ Notes see positive returns" At $25 per note, one would need to invest $2500 to have that guarantee. They also say their profit numbers assume an average interest rate of 14%. That seems pretty high. The people paying 14% are more likely to default.
Ask yourself if you can afford to lose 100% of the money
the risk/reward factor!!
Can you make a video on starting a company and purchasing equity shares on established companies?
Nice advice😁
first investment was Beyond Meat at IPO. Bought 6 shares on Robinhood and sold around $180. I had no idea what I was doing but went with my gut.
First investment was in Vanguard's S&P 500 index fund
Bought stocks of german steelmaker Thyssen-Krupp back in 1999. Sold it a year later with 12% profit. When I think back on this I always smile because this company is on the way to bankrupcy now.
Am I the only one that greatly enjoys looking at the one that isn't talking and how acquired it must be to nod over and over?
Bahaha. It's an art.
please do a podcast
You are the Best couple I have ever seen!!!... Great video guys!!!
Love your earrings! Thank you for the balanced advice. My husband and I have some chewing to do....
Diversify, diversify, diversify! Great video you guys, and that intro!! 👌😂
Really catchy
I love you guys..
Great video as always guys. Only thing I wish you included was run the numbers 😭
My very first investment was few months ago.. when I put my money in finsncial company that invest in stock n bond and its runs great really recomend everybody to invest in such a thing they manage everything n u watch ur money grow while laying on ur bed !
Since March, I’ve been investing into is : Facebook, Apple, Microsoft, Tesla, AT&T and Solaredge technologies but good luck to every investors out here!
You learn to invest as you go along, but most people never start... Everyone makes a bad investment decision sometime, I know i have!
it takes time,patience,what I said in other comments didn't happen overnight,I looked hard into companies to buy and have excellent ones,don't care what the market is doing,my companies rock!!!
Can you guys please make a step by step how to investing similar to the buying a house video
Dr. Boyce Watkins told us that Portillo's was doing an IPO, so I opened an E*Trade account, and bought some. This got my feet wet.
My first investment in Dabur
I bought @402 100 stocks it's down 343 I wait and after some month it's recover &I sold it to 403 in panic it made high 520.