I Have $400,000 and I'm Afraid To Invest Any Of It!
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- Опубликовано: 13 сен 2024
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Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Pelham04 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Susan00197 Oh please I’d love that. Thanks!
@@Pelham04 Clementina Abate Russo is her name
Lookup with her name on the webpage.
I needed this. I have $40 and feel the same way.
If you only have $40 then definitely don't invest it.
Ballen
@@michael86ishable 😆😆
dang nate pecocking you tell em' kid. I'm the captain now!!!
@@superblump87 Got to start somewhere.
She needs a therapist more than a financial advisor.
My exact thoughts.
That’s a bit harsh
@@jeanlaubenthal698 There is nothing harsh about getting therapy…. This woman appears to need it.
@@jeanlaubenthal698 do you have something against therapy or mental wellness?
@@jeanlaubenthal698 calm down. LOL...
I like how Dave flipped that at the end. About the money she has at the banks being used for them to invest it in things she wouldn’t agree with
She doesn’t realize the banks use her money while they hold it. She sees a number on a statement and thinks the money is actually there
Not only that but what about the money you do spend. That just goes to other people who will invest in things you may not agree with. Even if she invests in an "ethical" company the profit they end up making, which will be orders of magnitude more than her investment, will likely get thrown back into the marked and invested in companies she doesn't like. The only way to keep money from ever getting to people you don't like is to keep it all in cash and bury it in a cave.
@@dash4800 and even that, if people are religious, Christianity says to sit on idle wealth is also immoral.
Just get an S&P 500 index lady
YES
Same thing I was thinking. The S&P shows returns of about 7.4 percent over decades. If she puts the 400k in there than she should make an extra 30k per year on average. In 11 years she would make 600k profit and it would be over 1 million. Not sure about the taxes on it all though lol.
i'd be more afraid of losing it all to inflation. gotta invest it!
Guaranteed loss or potential gain. I’d take the latter.
Exactly. This lady is losing a tremendous amount of money due to inflation.
@@danpass12 That, is the hard part, finding a coin that will do that. But there will be a coin somewhere that does that.
People lose their life savings by investing. No one loses their life savings with their money in a bank.
@@DeepDeepSpace People do lose their lives savings by leaving their money in the bank. Inflation kills your cash, sitting in a bank account doing nothing. In 1913, $1 bill has the purchasing power today of $29.04. The dollar has lost 2,804.1% of its value. Why? Because the Federal Reserve has been counterfeiting dollars.
Wouldn't the safest option to be just put some of it in a CD yielding 5 percent, that's available right now.
My portfolio has good companies, however it has been stalling this year. I have approximately $700k stagnant in my reserve that needs growth.
very true, about 50% of my portfolio profit was from TSLA, GME and NIO, my financial-advisor was able to get me in early on most of these stocks .I've been able to scale from $350K to $970K
Please can you leave the info of your investment advisor here?
The advisor I work with is "[]Diana Claire Lougen[]", she;s well known, so you could just search her.
“Scared money is dead money.”
Scared money hids to fight tomorrow while others courageous money went down 50%
She should invest in cash-flowing assets, use the income to reinvest in those assets. She wants to find something ethical, that’s great. No rush, take time to investigate things she understands and agrees with.
The ignorance of people in regards to economics and inflation is absolutely laughable! You don't lose money unless you sell!
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course>
@@Bish8099-_- Thanks, explored the web with her name and found her webpage. she's a SEC registered broker>
Stock investing, even funds, scare a lot of people. You have to be willing to ride the up and down waves, and if you can't, then its likely not for you.
She's not landlord material.
As a worrier, I'm not either.
Having that much money in a bank account being eaten by inflation is much more scary than investing. Having money in the bank is a guaranteed loss. A huge loss. Especially when we're talking about 400k. Investments typically go up in the long run and inflation is GUARANTEED to cause a huge loss if you have the money in the bank.
Yes -! I have parents that are off work and disabled so I have to keep at least 100K in the bank in case of emergency 🚨 and the pain I feel for not investing and having their burden on me eats me up :( definitely invest
@@quarantinekitchen6909 keeping money like that in the bank when it’s necessary isn’t a loss, you’d be losing more having to sell and pay capital gains every time there’s an emergency
I disagree. Investing is scarier. People have lost their life savings investing. No one loses their life savings keeping their money in a bank.
You would have also thought inflation was guaranteed to kill savings in 1929 and then seen the value of your cash go UP for almost a decade. Things are always different until they aren't.
@@DeepDeepSpace i agree... that is why dave gives the suggestion to go into real estate. I mean for sure with 400k u can buy a house and rent it out. I mean for sure where I live you can buy to REALLY GOOD HOUSES.
Dave...Such a GOOD point about banks potentially also being engaged in activities that aren't godly. I totally get what this woman is saying and her conscience for desiring to do good; however, we have very little control. I am 100% plant-based and have invested in companies I thought were aligning with my beliefs only to have them sold to another company whose values conflicted with my own. This happens more than we'd like to believe.
If she wants to beat inflation passively she needs to realize she's going to invest in some unethical company. If she only wishes to invest in pure businesses then she's basically going to have to seek out a business looking for a partner and become a silent partner or active. That's not really an easy task. But I do laugh at people who lambaste evil companies without realizing they are almost certainly investing in those companies in their 401(k) without realizing.
You can still disagree with a company ethically and invest in it. Unless you bought into the IPO you’re not supporting the company at all financially. I’m very pro labor/pro union for example, but unfortunately almost all of the companies I’m invested in are not.
If she puts all the money in the bank she will never be rich BUT she will never be broke.
If she does not have the stomach for it, she should not invest. The most important factor in personal finance is personality.
Indeed. Unfortunately, Dave insists everyone invest in exactly the same manner and completely ignores the concept of asset allocation. Because money is all about behavior, except where Dave chooses to ignore it.
I disagree in a way though I see what you mean. problem is this is the equivalent of her saying "my friends had a horrible outcome from an ER experience, and I know nothing about why or what was going on, so therefore I'm never going to a doctor again".
its an irrational decision that's gonna cause more harm than good.
So, her problem is the overt fear with no logical reason to have it.
now she may need to find another means of her money growing but just letting it sit? bad plan
@@random-nz7dy Well, I certainly agree not investing is a bad plan. Ideally this lady would learn about risk tolerance and asset allocation, but Dave does not teach that. Which is unfortunate, because she's calling in looking to be educated and the information she needs is being withheld by someone who absolutely knows better.
I am eager to invest. Problem is I have nothing to invest. Best wishes to the caller.
Whoooo boy, this woman is coo coo for cocoa puffs.
VTI and chill
Very good point at the end of the call regarding the banks.
Dave loves giving bad advise. Having one rental that brings in $3k per month is very risky.
I agree, very high risk.
Not as high risk if she pays cash for it
@@mlcwarrior2122 So you think there is no such thing as repairs, property tax and insurance? R U Kidding me???? You think putting down $350k for a rental is less risky then putting down $50k? You think you are right but really you are dead wrong.
@@johnSmith-uz8nl I'm just saying owning it outright is less risky than having a mortgage
@@mlcwarrior2122 and that is a myth. Less risky to me means least amount down.
*That's exactly why she has 400k but this fear is why she's not a millionaire put that into a good fund* 😁
Exactly
@@evelynr.7596 fingers crossed she starts making those funds work for her
She's a widow. That's a life insurance policy
Imagine if she had put that in tsla stock in 2020
QQQ - NASDAQ Index Fund - up 1000% or so since 2009, after a 35% pullback. Before the pullback, it was up almost 1500%... odds are good that if she had been investing, with her income and savings rate, she'd have about $5m by now.
This lady should just buy 10 year bonds and get nothing and be happy with it.
Doesn't matter what investments do in a month, it's what they will do in 10+ years that matters. If you buy index or mutual funds you will get 10% on average per year but there could be months where it drops. Doesnt matter it's all about the average and not having your cash lose value.
Stock investing, even funds, scare alot of people. You have to be willing to ride the up and down waves, and if you can't, then its likely not for you.
my biggest problem is what happens after a 10 yr ride and you go to retire and a day like today happens? 4/29/2022 then what.
@@Dooguy even worse 5/5/22
Yeah this lady is a little dramatic for the call.
You don't lose nothing or gain nothing till you sell.... Depend on what stock/fund anyone is in, it can come back just like that
I cannot imagine having this person as an advisory client.
Index fund and relax. Every company has one employee breaking the law, doing drugs, who says they’re Christian but they’re not, and who is abusive at home. You can’t control everything. Worry about yourself and continue in your faith.
Investing isn't for everyone. If she invests and she sees her money for down she's gonna panic sell and blame Dave
She's losing the real value of her money to inflation by leaving it in the bank. She can 'practice' to manage her fear in investing by starting small - no one is expecting her to put all the $400k in stocks in one go.
@@uberboiz That's what you would want her to do!!!
@@uberboizthat is why dave recommended her to go into real estate
@@dianabenavides2913 well, real estate isn't exactly a less risky investment - as she said in this video, she did buy properties but didn't work out well for her.
You only lose if you sell at a loss
I have 54k and 52k of it is invested. I'm addicted to investing. I want to invest the other 2k but I need it just incase for an emergency
You should be afraid of inflation not investing.
yeah sit in a corner and start shivering of "fear", how useful........
This lady called and just wanted to complain
Most of Dave Ramsey callers are like that!
McDonalds and Pepsi are great stocks,. Look at their charts and dividend history.
They kill people!
@@minoozolala Super size me!
Invest in my fashion projects 7 brands, which I will double it 10 times I just need 1 year and half 😊
The Timothy Fund return since inception is 2.80%. Whooptie Doo!!
Yeah, uhh.... QQQ. Index funds are great.
Afraid to invest it in a high yield CD?
Knights of Columbus have an ETF (KOCG) that invests according to Catholic principles. That’s generally compatible with other Christian denominations.
Decide how much you wanna invest put half of it and S&P 500 index and half of it in a technology index like QQQ
Nothing wrong with staying in cash. Cash doesn't crash.
Uhhh where have you been this past year? Your cash is worth almost 20% less than January 2021.
So are stocks. Lots of indices including bonds down 10% 20%
At least stocks come back up…
Love this show‼️Will always be family to Ramsey solutions they have helped me changed my family tree thank God For The Ramseys
I inherited a large sum of money more than him years ago. It is scary at first, especially if you don't come from money. However, you have to face your fears eventually and take a leap and put the money somewhere. Even a diversified portfolio isn't that bad such as index funds.
I would recommend opening up a brokerage account and start out with a small investment like 500 in an S&P 500 EFT. From there you can add positions and build a portfolio little by little. Can't go wrong with a few hundred shares of Apple and MSFT, maybe mix in a good REIT like O and maybe a few consumer staple stocks + sector ETF's.
@@tr3slech3s there’s a calculator for that
100 shares of apple would cost over 16k right now. Her entire nest egg would buy under 2500 shares.
Plus a div yield of .51%. You ain't beating inflation with apple dividends.
@@ryansauchuk7290 not with the dividends but the price appreciation with the dividends will outperform. Apple always does
@@TrumpxDaily kindly explain further!
@@innocentmadanhire2391 explain what
Who rents out a $400,000 home for 4,000 a month? Where can I find someone to pay that much in rent?
This call gets weirder as it goes
What about this? No.. What about that? No Try this..No Think on this Not for me. But I want my money to grow. LOL
Your 400k is worth 8.5% less due to inflation. You are losing money by not investing it.
What are YOUR fund picks, Mr. Ramsey?
Most people who don't have a clue say they lost money when they never sold a dime. They're only down at the moment. Throw it in VTI and call it a day. No need to pay for someone to manage it
There is mutual funds that only invest in companies that try to reduce harm in one way or another
I’m done at 4:26
Sometimes you got to bite the bullet if you want to make money
This woman needs help. Yikes.
She's loopy loo beyond help
Dave's daughter has no business giving financial advise. She's just there because she's Dave's daughter.
Exactly plus Daddy Dave can always bail her out. The caller doesn’t have that luxury.
I disagree with you; being the daughter of someone important does not make her any less...read the millionere next door and you will find out that its easier for a son/daughter of a millionere to become one than the rest of the population. I bet she has worked to do what she does... obviously yes her dad plays a big role but what is wrong with that; i believe she deserve our respect as she has written books herself... I enjoy her podcast as well.
Money sitting in the bank is losing (so the govt says) 8.5% of its value every year < say the true inflation level is 2X 8.5% or more. You must invest. You are correct, many things are out of our control.
Am I the only one not afraid to play around with money?? Lol. If I had 400k dollars 399k would be invested already lol
Maybe that's why you don't have 400k? Hahaha just kidding...
Same but that’s cause I’m “single”and no kids hahaha. Huge risk taker right now hahaha
@@TheFlyingZulu exactly, investing is why I have 930k
@Evelyn R. Please go to your nearest trauma center to treat that burn
Yeah but you're the only one
Pray about it and let God lead your decision
I get the feeling this is more a heart issue than a financial one. As in, she's got that money under her mattress and is terrified of losing it so she looks for excuses everywhere to justify that fear.
Dont blame her for it. As a child no one taught me anything about investing so why put money into something you dont know... its hard
Woman, it's Dave's show, you should have said Dave and Rachel. Disrespecting a man on his own show.
She could buy VOO, SCHD, or VNQ which is the REIT ETF
her fear paralysis is almost as bad as people who are reckless
Ave Maria Mutual Funds. Based on pro-life, pro-family, and moral integrity
S and P 500 Index Fund is a no brainer.
fyi - TSGAX return from 2000 is 0.2%...overall, so not good.
Well, if you think about it. If inflation stays at 8.5% for the next 10 years. That $400k today will only be worth $60k in buying power if she doesn't invest it.
What about micro loans in Africa or south America
They r expecting a major recession in a year from now. Expect a 15 to 25 percent downturn. But the long game is ok.
Truly remarkable how financially illiterate most Americans are. Open a Fidelity account. Buy $SPY every month. You will be rich. It’s that simple.
Move to Thailand she will live like a queen
Inflation is actually making people more wealthy assets are increasing but your buying power is worth less so holding cash is a double edge sword
She’s bragging. That’s all
she came off as a fool tho
Ava Maria has investment funds that only invests in Christian ethical companies
ESG funds are mainly investing in companies that prioritize environmental and socially responsible companies.
There is always a mutual fund that is health care related.
Inflation is 20 percent a year. You have to get rid of cash and get into an asset classes that make sense right now!
No it's not 20% ya ditz
@@triple_gem_shining it's 18% based on the 70's calc lower on the recent one
Hi Dave, any advice at the international level ? I am from France. Thanks.
a little research goes a long way. If only she did any.
400k*.02=8k.... by not investing that's how much you're loosing due to inflation
Just put half into exxon mobil or something has dividend every quarter and put the other half in amazon or tesla
Quickest way to be poor.
@@alinatamashevich3354 thats an idiotic comment
VTI
This lady has an excuse for everything. Just keep your money in the bank and enjoy zero return lady jeez
Love you sir very much
Are you doing research or are you looking for reasons not to move forward ….. bc I know slot of people that do that . They cant admit that they are afraid … so they convince them selves they are just responsible researchers..
Global X has a Catholic values fund, I’m sure there are other similar opportunities.
Warren Buffett
Where do you find mutual funds to invest in.
The money she has lost being frozen with fear and some moral high ground, oh brother.
This is ridiculous 😒
This woman has no business investing if she's this neurotic, or only wants "good" companies.
The lady actually never said anything in the beginning about investing in good companies. The host lady just assumed that and she went along with it. Listen to it
She wants s green energy fund and nothing else.. just sit on your money lady, it doesn't exist
I wonder if you have to decide if you want awesome return for your money or do you want to do great charitable things with it? Maybe groups that are doing great ministry aren't also making a big profit off it.
Go with Values First Advisors
Upstanding investment company
Invest in TIPS
Poor women losing 32k a year having that sitting in the bank
Yep, they should at least tell her to put in on High yeld savings account
Just leave it all to me. Shoutout to iCarly
Just spend it
Buy some property. Have someone else manage it. Pretty easy
You hire a realtor and have them collect the rent and deal with repairs!
Buy low brah
She was looking for some motivation and insight on how to start, Rachel was making some good points but as usual, Dave cuts the co-hosts off.