If I Was Starting Off With $1 Million Dollars Today, Here's What I Would Do... | Guy Spier

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  • Опубликовано: 24 окт 2024

Комментарии • 105

  • @JackKen649
    @JackKen649 2 часа назад +94

    Awesome video man! Do you suggest copy trading as good approach for beginner to start with trading or should I just invest long term while I learn things on how day trading works?? Thank you!

    • @drinkkatie1395
      @drinkkatie1395 2 часа назад

      Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people

    • @JasminetheJewel
      @JasminetheJewel 2 часа назад

      I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.

    • @Paulakanyutu
      @Paulakanyutu 2 часа назад

      To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, I would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!

    • @MelanieJuliette305
      @MelanieJuliette305 2 часа назад

      "Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again."

    • @ZeeMatthias
      @ZeeMatthias 2 часа назад

      How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

  • @freedomisEexpensive-08
    @freedomisEexpensive-08 7 часов назад +93

    I’m a god of devaluation, I buy it and it goes down! Why I can't make earnings is beyond me. It can be annoying how volatile the market is. How can I ride this fresh wave of all-time highs without getting burned again with $450k set aside to get fully invested this year?

    • @MiddleclassAmerican-7220
      @MiddleclassAmerican-7220 7 часов назад

      I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

    • @NotyourBusiness-urto6
      @NotyourBusiness-urto6 7 часов назад

      You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

    • @MrGravity304
      @MrGravity304 7 часов назад +1

      This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

    • @NotyourBusiness-urto6
      @NotyourBusiness-urto6 7 часов назад +1

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Elise Robinson for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @GREGG-43
      @GREGG-43 7 часов назад

      She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • @akaYOOOOO
    @akaYOOOOO 4 часа назад +3

    LoL, under 30 with a million of disposable income. I fucking love the internet 😂😂😂

  • @rebuildme88
    @rebuildme88 22 часа назад +2

    I think Spier’s God analogy is in similar vain of Greenblatt’s “look down not up” and Munger’s “always invert”. If you exhaust all possibilities that something could go down, and it still doesn’t, then it can only go up.

  • @pongop
    @pongop 10 часов назад +2

    Very relatable. I'm sure many of us viewers have $1 million just burning a hole in our pocket that we're not sure what to do with. Now I know what to do with my spare million.

    • @akaYOOOOO
      @akaYOOOOO 4 часа назад +2

      Invest in hindsight! It's the best way to know what you should have done.

    • @pongop
      @pongop 4 часа назад +1

      @@akaYOOOOO Lol nice! 😂

  • @digbysummerhill3154
    @digbysummerhill3154 20 часов назад

    Great Clip Jeremy & Guy, of course it will be the most clickable clip of the interview and reminds us of Buffets own answer what he might achieve with a smaller amount to invest. Yet Guy's values still shine through and I'm glad you kept the references to a fulfilling life in the clip. If not some may miss the wood for the tree's and the journey we go on.

  • @johnbwill
    @johnbwill 4 часа назад

    It's easy to talk about 'taking risks' - but, you can get bitten doing so, of course. I believe in 'safety nets' - gets those safety nets in place - then take risks. But of course, if the safety nets are in place, the risk is small or even non-existent. The bigger your 'bag' the bigger your safety net. Your friends and companions, are part of your safety net. Your mindset - can be a part of your safety net. In My own field (top tier defensive tactics) - we build confidence by getting people really good at 'defence'. Knowing we won't DIE, gives us the freedom to act decisively and even aggressively. Defence is king ... safety nets.

  • @jeremynewell9903
    @jeremynewell9903 9 часов назад +1

    Thanks Guy for encouraging me to not quit my day job. Hopefully I can get into fulltime investing someday.

  • @MoiseLevi
    @MoiseLevi 11 часов назад

    Great answer regarding taking a job, as for the money, if its in $USD, you can get an almost %5 yield for a one year deposit, perfect timing for buying the market after a major pull back. Then buying AI and semi conductors ETFs, as well as the Nasdaq 100.

  • @detroitbadboy9802
    @detroitbadboy9802 7 часов назад +4

    He NEVER gives ideas. Just word salad nonsense or repeating Buffett. Adds no value in interviews. His performance is not good last 1,3,5 & 10 Years

  • @robbiesands166
    @robbiesands166 День назад +2

    Guy, I'm curious what kind of hypothetical job you would consider - Would it be a career driven hustle or something simple just to cover living expenses?

  • @Clancysoucie
    @Clancysoucie 4 часа назад

    Retired at 55 with $1.4M (60/40 split of stocks and bonds) liquid assets and about $300K in a paid off property/lot in Hawaii that I never built on. I'm now 57, have $1.5M liquid and am about to list the lot for $400k so I match this scenario pretty closely. Our budget since I retired was $9.2K/mo and we've spent only $8k on avg even with 6 months of global travel, a year living in Hawaii and golfing twice a week and some domestic travel. I too got similar (poor) results from my retirement planner but there was no way I would've kept working in a high stress job working 65hrs/wk average because of hypothetical scenarios and probabilities as we're highly adaptable... who in their right mind wouldn't cut back in discretionary expenses during a major recession? Besides, as long as you don't sell or do something dumb in a down market, historically they bounce back in 6 months on avg, maybe a year worst case so you just need to have about 1-2 yrs worth of cash (in a High yield MM) to live off of. At my age, worst case is I get a part-time job at Walmart or get a remote gig where I can work in my PJ's for a year to fund my discretionary spends and hobbies. My highly probable backup plan is to get travel health insurance for $500/mo for both me and my wife where we have to live abroad for 6 months and in the US for 6 months for a year or two. Already got quotes and can save $0.5 - 1k/mo in health insurance and travel abroad half the year. There are too many options to list but my advice is to retire as early as you can and be flexible. Is about financial literacy and great a financial advis0r

    • @E.GCreates
      @E.GCreates 4 часа назад

      Congrats, and spot on! I too am planning for around 55-56 retirement. The value of adding extra years early in retirement when you are most vibrant and active can't be overstated. The key is going in to retirement with a good financial planner, a good grasp of your real expense needs, and ideally having no debt over your head. And of course being able to adapt spending in cases of down markets etc. Glad you are living your best retirement life. Looking forward to joining your club!

    • @phyllisburtonhearsawho
      @phyllisburtonhearsawho 4 часа назад

      We retired at 56 with $1.7M. All thanks to our CFA. We just reduced our spending habits a little and enjoy life!! WOW! What a difference. I didn't realize how long flowers bloom. I had to apologize to Monday for cursing it all my life.

    • @AdamsFerguson
      @AdamsFerguson 4 часа назад

      The best guidance I have ever received. My plan is very similar to yours. I would like some advice regarding your CFA.

    • @Clancysoucie
      @Clancysoucie 4 часа назад

      It would be really wise to look for financial consultants such as Abigail Ann Ryan who can help you with insurance, investing, making sure your retirement is well funded, discussing tax advantages, and figuring out how to have a volatility buffer for investment risk. There is a rough patch ahead of us, and getting through it will need careful personal money management.

    • @AdamsFerguson
      @AdamsFerguson 4 часа назад

      just inputted Abigail Ann Ryan on the internet, spotted her consulting page ranked top and was able to schedule a call session. I've seen commentaries about advisors but not one looks this phenomenal.

  • @JEffery-c2k
    @JEffery-c2k День назад +38

    *I had problem comprehending trading in general. I tried watching other RUclips trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to Follow*

    • @GOODLUCKrufus-d8b
      @GOODLUCKrufus-d8b День назад

      I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

    • @PastorFank
      @PastorFank День назад

      Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies

    • @MelissaDebbieCunningham
      @MelissaDebbieCunningham День назад

      I will advise you should stop trading on your own if you keep losing.

    • @MelissaDebbieCunningham
      @MelissaDebbieCunningham День назад

      If you can, then get a professional to trade for you i think that way your assets are more secure

    • @MelissaDebbieCunningham
      @MelissaDebbieCunningham День назад

      I'd recommend JUDY, ARIANNA her profit is great even when there's a dip

  • @QDogg
    @QDogg 13 часов назад +1

    I thought he was BTC Fred Krueger for a sec...

  • @vishal-vealth-view
    @vishal-vealth-view День назад +1

    Loved the ideas that you shared here :)

  • @adriansaw8329
    @adriansaw8329 13 часов назад +1

    audio quality is not too good. Especially from Guy. But thanks anyway!

  • @scottiebumich
    @scottiebumich День назад

    I think if you can VERy comfortably live off 2.5% to 3% of your assets then you can probably quit your job and live off your balance sheet (assuming you keep some cash and know how to balance investments, taxes, and the like).

  • @chimbuzi1
    @chimbuzi1 22 часа назад +1

    the pain i feel in 11:30

  • @mikeYouTube3048
    @mikeYouTube3048 10 часов назад

    Great advice! I'm hitting the subscribe button because of it.

  • @marcoaraujo4771
    @marcoaraujo4771 День назад +1

    Great Value! Thanks.

  • @djee02
    @djee02 3 часа назад

    If I started with 1 million today I'd be done.

  • @ScalperSpecltr
    @ScalperSpecltr День назад +1

    Question to the interviewer: why are u asking about $1M, why not $100K?

    • @alexanderpoulin
      @alexanderpoulin День назад +3

      Pretty sure it would be the same outcome. Split it up to multiple buckets, scour for small caps, and have a job to pay the bills. Still going to be the same strategy.

    • @lionheart93
      @lionheart93 3 часа назад

      @@alexanderpoulinyup

  • @michaelbaier600
    @michaelbaier600 День назад

    Thanks Guy, great wisdom

  • @jasoncloner
    @jasoncloner День назад

    What a cracking answer

  • @vishal-vealth-view
    @vishal-vealth-view День назад +1

    Ideas are like asshole, I might use this in my podcast :)

  • @ronsilva7394
    @ronsilva7394 8 часов назад

    Thank you !

  • @theodoroseidler7072
    @theodoroseidler7072 7 часов назад

    Who here Atarted with 1 million ? F sakes... I'm still chasing my first million 😂

  • @paulklinberg1352
    @paulklinberg1352 7 часов назад

    Does anyone know what's the watch brand ?

  • @Blue_Octopus_Press
    @Blue_Octopus_Press 15 часов назад

    דווקא, (dafka), actually, preciselly, really, rather, specifically

  • @AnthonyJustice-i9x
    @AnthonyJustice-i9x День назад +44

    Unfortunately, not all of us were financially literate early, I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but l'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling! Thanks Brooke Miller.

    • @kyleevanston
      @kyleevanston День назад

      She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

    • @ReuletRikki
      @ReuletRikki День назад

      The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

    • @lapetiteblonde
      @lapetiteblonde День назад

      I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

    • @Arlingtongeorge
      @Arlingtongeorge День назад

      I'm new at this, please how can I reach her?

    • @SammieOlin
      @SammieOlin День назад

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @aztekstylz
    @aztekstylz День назад

    With that $1,000,000 I can afford everything and create nothing.

  • @MarkJanssens-v4r
    @MarkJanssens-v4r 3 часа назад +1

    Talk about NOT RELATABLE to most. Maybe "If I were starting off with 20 thousand" or something. This is why there's on 14 k views on this lame video

  • @DavidSmith-do6ji
    @DavidSmith-do6ji День назад

    Does anyone know the research that guy was talking about?

  • @BabuThambidurai
    @BabuThambidurai День назад

    Loved it 😌

  • @gauravrai5784
    @gauravrai5784 23 часа назад

    Wonderful

  • @amar93chaniago
    @amar93chaniago День назад

    Thank u Guy

  • @colerobillard1909
    @colerobillard1909 2 часа назад

    Convexity

  • @joseernestogarciadocarmo6132
    @joseernestogarciadocarmo6132 День назад

    Thank you Mr. Spier! You are an inspirations for many people!

  • @itsmePassportBro
    @itsmePassportBro 10 часов назад

    Just buy BITCOIN ETF

  • @tobysbreathisverybad
    @tobysbreathisverybad День назад +1

    55 seconds in and mumbling gibberish.

  • @Cloninginvesting
    @Cloninginvesting 13 часов назад

  • @adrians.7489
    @adrians.7489 6 часов назад +2

    I’ve never heard anyone speak so much and say nothing. Learned absolutely nothing from this guy.

    • @johnfetzer85
      @johnfetzer85 5 часов назад

      Did you actually watch the whole video? He literally discusses how many stocks he would hold, his timeline for expected returns and how he would go about finding the companies. I guess if you wanted tickers maybe you'd be disappointed.

  • @jackouille2024
    @jackouille2024 День назад

    Your God sounds like a cringe 😂

    • @AleRamiGo
      @AleRamiGo 15 часов назад

      Sounds like ancient gods, not the stupid judeo-christian god of goodness.