I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet.
you're not alone, i'm part of the High Earners, Not Rich Yet (HENRY) not having much left after taxes, housing, and family costs.. not to mention saving for an affluent retirement.
Don't be a marketing strategy for luxury brands like Louis Vuitton and Tag Heuer without having your money give birth to more money (I recommend ''The Richest Man In Babylon'') Rather, you can move to wealth by reducing expenses and increasing savings or investments. As far as I'm concerned, its ideal to consult a reliable financial advisor for such objectives.
@DVeeDee wow! I'm 58. 75,000 USD pension, and only began this stock thing few months ago. Oh, and I live in the Great White North, Canada. I'm ramping up my savings for next year, while the economy and the feds play silly buggers. My goal is to see 2030 in good health and finish up my home payment by next year. Mind if I look up the advisor that aids you?
Thanks for the video, I agree that VIG and SCHD are great core ETFs but I am worried about VGT as a core fund due to the constant impactful changes in its index which make past performance troublesome. When I originally purchased VGT it held the likes of Amazon and Google and was a better performer than QQQ. I expect that soon VGT will also cut Visa and MasterCard (and other tech stocks moved to the financial sector) which will prompt me to sell and most likely switch to VUG or QQQM as I look for a broader growth fund.
I have recently constructed my IRA with roughly 33% of SCHD, FTEC and VOO. After much backtesting in the 5 year range, it seems the higher FTEC (close enough to VGT performance wise) the better. SCHD is just for the odd year (ie 2022) that tech tanks. The more variations I looked at, the more just a 2 fund port. of FTEC and SCHD fair best.
@@karlbe8414 I did. VIG outperformed SCHD 4 times since 2012. SCHD is a down market ETF, if that’s what you want to bank your portfolio on then so be it, but yikes. Enjoy the tax rate while I save and grow money better in the long term.
VGT 9:40
I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet.
you're not alone, i'm part of the High Earners, Not Rich Yet (HENRY) not having much left after taxes, housing, and family costs.. not to mention saving for an affluent retirement.
Don't be a marketing strategy for luxury brands like Louis Vuitton and Tag Heuer without having your money give birth to more money (I recommend ''The Richest Man In Babylon'') Rather, you can move to wealth by reducing expenses and increasing savings or investments. As far as I'm concerned, its ideal to consult a reliable financial advisor for such objectives.
@DVeeDee wow! I'm 58. 75,000 USD pension, and only began this stock thing few months ago. Oh, and I live in the Great White North, Canada. I'm ramping up my savings for next year, while the economy and the feds play silly buggers. My goal is to see 2030 in good health and finish up my home payment by next year. Mind if I look up the advisor that aids you?
I make $750 a week after taxes 🎉🫵🏼💪🏻
VTI and SCHD are all I need.
Thanks for the video, I agree that VIG and SCHD are great core ETFs but I am worried about VGT as a core fund due to the constant impactful changes in its index which make past performance troublesome. When I originally purchased VGT it held the likes of Amazon and Google and was a better performer than QQQ. I expect that soon VGT will also cut Visa and MasterCard (and other tech stocks moved to the financial sector) which will prompt me to sell and most likely switch to VUG or QQQM as I look for a broader growth fund.
Thanks man, could you do a video on gene editing stocks?
I have recently constructed my IRA with roughly 33% of SCHD, FTEC and VOO. After much backtesting in the 5 year range, it seems the higher FTEC (close enough to VGT performance wise) the better. SCHD is just for the odd year (ie 2022) that tech tanks. The more variations I looked at, the more just a 2 fund port. of FTEC and SCHD fair best.
VIG. You’re missing the point of how good that ETF is. You’re setting your info on a pandemic darling for the rest of your life? Good luck.
@@WHlSKYx Exactly what am I missing? I just looked at an 8 year backtest comparison of VIG with SCHD. SCHD outperforms VIG and VOO.
@@karlbe8414 it’s only out performed since the pandemic. Prior to that, no, it didn’t out perform.
@@WHlSKYx Please take a look on portfoliovisualizer over 10 year period, VIG, SCHD, VOO.
@@karlbe8414 I did. VIG outperformed SCHD 4 times since 2012. SCHD is a down market ETF, if that’s what you want to bank your portfolio on then so be it, but yikes. Enjoy the tax rate while I save and grow money better in the long term.
How would you allocate this?
Allocations depend on your personal risk tolerance of your total portfolio.
@@terriblepainter7675 6 months old.
Great info.
I thing Qqq better preforming then vgt and less concentrate
Thanks for the free content. An expense ratio of 0.06 for a $10,000 yearly investment will cost $60 not $6.
it’s in percent. 0.06% * 10,000 will come out to $6
QQQ
QQQM
These won't make you a millionaire😢😅
Correct. The real way to become a millionaire is to invest more and earn more income 😉
It's overtime. If you are young, this is by far the best investment strategy. It's so easy, yet most young people don't do it