I got my BA from UVM and I am familiar with that rail-trail along Lake Champlain that you spoke of. It used to end at a public beach/ RV campground but maybe they have extended it a bit. Also, I used to be a scooper for Ben and Jerry in their original restaurant - a converted gas station. Good times. As I mentioned in the chat. You can use mutual gifting to surpass the 10K "restriction" (not so much a strict limit) on I-Bond purchases. The way that works is that both you and your spouse would create gift I-bonds designating each other as the giftee. Gift I-bonds can be up to 10K per giftee per year but they don't have to be "completed" right away and the gifts don't reduce your 10K I-Bond restriction. Your uncompleted gift to your spouse then remains in what TreasuryDirect calls your "gift box" - the idea being that if the gift was completed then your spouse would be limited in the amount of I-Bonds she could purchase. However, such uncompleted gift I-Bonds start earning interest right away. Then, in years when the I-Bond rate has dropped unacceptably low you can each complete the gifts to each other, so that they can be redeemed and the money used elsewhere. Keep in mind that once you create an I-bond gift it is irrevocable even though the gift may be uncompleted. The Diamond Nest Egg channel has a lot videos about how to go-around the I-Bond purchase restriction: ruclips.net/user/DiamondNestEgg
Every financial goals requires patience, deduction and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing peoples lives.
@@margaritasalinas2683 All you need is an investment manger who has extensive investment knowledge, to earn profit on your investment on your behalf while monitoring investment growth.
@@margaritasalinas2683 Yes it's a difficult task for those without a professional broker. But I made withdrawals of $80,000 few days back and that's one thing I find to be impossible with other brokers but my broker makes it possible with her skills and knowledge.
@@margaritasalinas2683 Well my personal trader is Broker Loretta Wilkinson I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the crypto I focus on.
The I bond question - you can buy gift I bonds beyond the limit but then a person can only receive 10k each year - so you can buy more in i bonds for another person, even like $50k, but they can only receive 10k per year from your gift
While inflation is this high, I am investing the first 10k of my after-tax money into I-Bonds and maybe more. The 9.62% rate that I-Bonds pay is the best risk-free rate of return that you will ever see ... except for maybe when the I-Bond rates reset in November as it's anticipated that the rate will go into the double-digits. It's a no-lose proposition - you will always get your principle back plus whatever interest has accrued. Also, the interest compounds tax deferred - you only pay tax on the interest when you redeem them or when they mature after 30 years. Lastly, there are several ways to go around the 10K purchase "limit": tax returns, mutual gifting, revocable living trusts and LLC's, etc. Don't trust to luck when you don't have to!
Rob, I have a holding in FundRise. To the best of my understanding, there is no automatic liquidation that occurs as the investment is comprised of different funds that have different asset compositions and dividend policies
This year I started buying Treasury Bills at my brokerage. I didn't sell equities, but used cash I had in my various accounts. Nothing longer than a one year TB, but mostly 3 and 6 month bills. My IRA is entirely treasury bills, with a little in taxable to maintain my asset allocation. I started this in April and I'm happy with my decision.
I cannot wait to go to the bergerhead convention. I live in California but for that I would definitely take a road trip. I hit my first 10K in my Roth this week and I never would have started it without Rob's Channel
@Fabiano Pina I saw your comment asking about "aggressive growth ETFs." I would check out "Disruptive" ETFs... they may not be what you're thinking-of/looking-for, but they might. I have a 17.5% Disruptive slice in my retirement portfolio and it's half FGDFX and half DTEC (located at Fidelity in my HSA and Rollover Roth). Other funds to look at are BTEK and ANEW. Good Luck!
Chairs like that are crap. Best to go to a fine office furniture store and pay out the nose for a good one. I finally did that and haven't regretted it for ten years.
The length between currency and Gold did not cause the great depression. That is a fallacy. Gold ratio had nothing to do with the great depression. Lol.....omg, I can't take it . I would take what Mr. Bernanke says with a grain of salt. Here's a guy who went on record several times prior to the housing crisis stating there was no subprime issue or economic tsunami ahead.
Treasuries is a vehicle for parking your cash with much better return than any bank or broker would pay. I have parked my cash after selling all of my stocks last two weeks. No reason to watch my capital goung down as we ARE in the beginning of recession and rates will kick the stock market and housing market in the nuts. I am waiting for the market to clear up before I move back to stocks. And yes Rob, I am done with individual stocks. 2-3 ETFs will be my future investment backet. Easy peasy and stress free with decent dividends as income in my ROTH accounts. BTW, treasuries are better for taxes in states like California or New York. .
completely disagree with raising taxes.... THIS INFLATION has been caused by printing money to people who are too stupid to have their emergency funds to cover at least their 6 months of living. What about key workers who had to work during lockdown and never got a penny from gov during this period? Why would you tax them too? Disgusting
Here in Cali… this State is horrible if anyone votes for Gavin if he ends running for President I am going to walk into the ocean… a failed mayor then a failed Lt Governor and now a failed governor. The triple threat and people are not seeing the pattern.
Sallie Mae's 14-Month No-Penalty CD is now paying 2.50% APY: www.allcards.com/best-savings-account-rates/
@Rob Berger, you are an amazing teacher. You explain things extremely well. Thank you for sharing your knowledge.
Rob I am so happy to have found your channel. I feel like I know a fair amount but you are helping me confirm and understand investing so much more.
I love your show kept up the good work.
I got my BA from UVM and I am familiar with that rail-trail along Lake Champlain that you spoke of. It used to end at a public beach/ RV campground but maybe they have extended it a bit. Also, I used to be a scooper for Ben and Jerry in their original restaurant - a converted gas station. Good times.
As I mentioned in the chat. You can use mutual gifting to surpass the 10K "restriction" (not so much a strict limit) on I-Bond purchases. The way that works is that both you and your spouse would create gift I-bonds designating each other as the giftee. Gift I-bonds can be up to 10K per giftee per year but they don't have to be "completed" right away and the gifts don't reduce your 10K I-Bond restriction. Your uncompleted gift to your spouse then remains in what TreasuryDirect calls your "gift box" - the idea being that if the gift was completed then your spouse would be limited in the amount of I-Bonds she could purchase. However, such uncompleted gift I-Bonds start earning interest right away. Then, in years when the I-Bond rate has dropped unacceptably low you can each complete the gifts to each other, so that they can be redeemed and the money used elsewhere. Keep in mind that once you create an I-bond gift it is irrevocable even though the gift may be uncompleted. The Diamond Nest Egg channel has a lot videos about how to go-around the I-Bond purchase restriction: ruclips.net/user/DiamondNestEgg
Every financial goals requires patience, deduction and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing peoples lives.
Yes crypto is better i have a holding asset in crypto.
@@margaritasalinas2683 All you need is an
investment manger who has extensive
investment knowledge, to earn profit on your investment on your behalf while monitoring investment growth.
Investing in crypto is very volatile and
risky which is why most successful
investors trade with professional
brokers.
@@margaritasalinas2683 Yes it's a difficult task for those without a professional broker. But I made withdrawals of $80,000 few days back and that's one thing I find to be impossible with other brokers but my broker makes it possible with her skills and knowledge.
@@margaritasalinas2683 Well my personal trader is Broker Loretta Wilkinson I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the crypto I focus on.
The I bond question - you can buy gift I bonds beyond the limit but then a person can only receive 10k each year - so you can buy more in i bonds for another person, even like $50k, but they can only receive 10k per year from your gift
The Aeron chair is by far one of the most comfortable and durable chairs you can buy - highly recommend it Rob!
While inflation is this high, I am investing the first 10k of my after-tax money into I-Bonds and maybe more. The 9.62% rate that I-Bonds pay is the best risk-free rate of return that you will ever see ... except for maybe when the I-Bond rates reset in November as it's anticipated that the rate will go into the double-digits. It's a no-lose proposition - you will always get your principle back plus whatever interest has accrued. Also, the interest compounds tax deferred - you only pay tax on the interest when you redeem them or when they mature after 30 years. Lastly, there are several ways to go around the 10K purchase "limit": tax returns, mutual gifting, revocable living trusts and LLC's, etc. Don't trust to luck when you don't have to!
I am right with you
Rob, I have a holding in FundRise. To the best of my understanding, there is no automatic liquidation that occurs as the investment is comprised of different funds that have different asset compositions and dividend policies
Love that ROM: SpaceKnight comic in the background - is it an original No.1? Also thanks for the video!
This year I started buying Treasury Bills at my brokerage. I didn't sell equities, but used cash I had in my various accounts. Nothing longer than a one year TB, but mostly 3 and 6 month bills. My IRA is entirely treasury bills, with a little in taxable to maintain my asset allocation. I started this in April and I'm happy with my decision.
I cannot wait to go to the bergerhead convention. I live in California but for that I would definitely take a road trip. I hit my first 10K in my Roth this week and I never would have started it without Rob's Channel
Rob Berger
Why not a CD? 3 mo. CD paying 2.4% from Fidelity and no multiple accounts.
Hello from Florida
would love a Bergerhead Convention
@Fabiano Pina I saw your comment asking about "aggressive growth ETFs."
I would check out "Disruptive" ETFs... they may not be what you're thinking-of/looking-for, but they might.
I have a 17.5% Disruptive slice in my retirement portfolio and it's half FGDFX and half DTEC (located at Fidelity in my HSA and Rollover Roth).
Other funds to look at are BTEK and ANEW.
Good Luck!
I really like that you use your Mom’s welfare for your morality decisions! Good way to make those decisions. She’s very proud of you for that!!
Chairs like that are crap. Best to go to a fine office furniture store and pay out the nose for a good one. I finally did that and haven't regretted it for ten years.
The length between currency and Gold did not cause the great depression. That is a fallacy. Gold ratio had nothing to do with the great depression. Lol.....omg, I can't take it . I would take what Mr. Bernanke says with a grain of salt. Here's a guy who went on record several times prior to the housing crisis stating there was no subprime issue or economic tsunami ahead.
This is what FED reserve is. Read "The Creature from Jekyll Island" and you will understand everything.
All I need is a convention to tell me to invest in low-cost index funds.
@Rob Berger testing
Treasuries is a vehicle for parking your cash with much better return than any bank or broker would pay. I have parked my cash after selling all of my stocks last two weeks. No reason to watch my capital goung down as we ARE in the beginning of recession and rates will kick the stock market and housing market in the nuts. I am waiting for the market to clear up before I move back to stocks. And yes Rob, I am done with individual stocks. 2-3 ETFs will be my future investment backet. Easy peasy and stress free with decent dividends as income in my ROTH accounts. BTW, treasuries are better for taxes in states like California or New York. .
No
completely disagree with raising taxes....
THIS INFLATION has been caused by printing money to people who are too stupid to have their emergency funds to cover at least their 6 months of living. What about key workers who had to work during lockdown and never got a penny from gov during this period? Why would you tax them too? Disgusting
Here in Cali… this State is horrible if anyone votes for Gavin if he ends running for President I am going to walk into the ocean… a failed mayor then a failed Lt Governor and now a failed governor. The triple threat and people are not seeing the pattern.
@Rob Berger, couldn't find your email address. Would you let me know if you don't mind? thanks