Asking a Wall Street Billionaire How To Invest $100
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- Опубликовано: 28 июн 2024
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Ep 21 - Self-made billionaire investor and philanthropist David Rubenstein teaches us his life lessons to protect your time, and how to build wealth, success, and happiness. David went from a family with nothing to co-founding the Carlyle Group, one of the most successful private investment firms that manages $325 billion worldwide. David also interviewed over 20 of the most successful investors of all time, like Ray Dalio, for his latest book - and he gives us the 10 traits they all have in common.
Get David’s latest book How To Invest: Masters On The Craft: amzn.to/3kux3j0
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Timestamps:
00:00 - Intro
01:38 - The beginning of the Carlyle Group
05:44 - David's humble beginnings
07:34 - The single greatest virtue to have as a leader
13:13 - The most important skill anyone can acquire (and other skills David attributes his success to)
18:57 - Traits all great investors have in common
21:38 - Advice for 20-year-olds who want to start investing
25:25 - Where to invest your money (for different age groups)
31:33 - Investing advice for overambitious people
34:11 - Can money buy happiness?
37:19 - Pandas explained
39:59 - David's biggest regrets
46:48 - David Taught Me
Although the companies in my portfolio are solid, last year was a loss. I experienced a 35% decline in overall $360k portfolio at the height. thus investing makes me anxious . I'm uncertain if I should sell everything and wait.
Opting for an investment advisor is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q2.
wow that’s stirring! Do you mind connecting me to your advisor please.
Sharon Ann Meny, just check her out. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in 2021 April due to the crash.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
It’s important to do your own research and consult with a financial advisor before making any investment decisions.
@@Angelavaldess I think that is a brilliant idea, I tried managing my stock portfolio by myself and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have made up to $680K in returns.
@@DanielPanuzi I think i should give this a try, but how can I reach a decent advisor like the one you use?
@@Jaymilnere I have worked with a few financial advisors before now but i ultimately settled for Alicia Estela Cabouli. She is SEC regulated and licensed in US. You can easily look her up.
@@hullbruce There are a lot of independent advisors you might look into. But i work with Alicia Estela Cabouli and I have been working together for nearly four years, and she is excellent.
I find myself rueful for neglecting stock investments until now, yet I'm appreciative of retaining funds in the money market. With approximately $200k set to mature shortly, I'm considering delving into the stock market. What stocks would be prudent for a newcomer like me to securely nurture my finances?
The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.
The importance of advisors often remains underestimated until individuals experience the repercussions of their own emotions. Thinking back to a few summers ago, amidst the challenges of my prolonged divorce, I found myself in urgent need of assistance to maintain the stability of my business. This prompted me to seek out licensed advisors, ultimately leading me to a highly qualified professional. Through her guidance, my savings not only endured inflation but also expanded from $275k to $850k.
Recently, I've been exploring advisors, but the market news I've come across hasn't been uplifting. Who's providing guidance for you?
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
the $100 question
27:38
she's essentially asking, what if I only have the bare minimum to invest?
Answer: index fund
Thank you, you the best!
@@Dtcal_garydo it in a retirement account so all your compound interest dividend earnings are tax free(until you claim them)
...in the US, either/and VOO/VTI/VT, with some US small-cap value index fund (e.g., AVUV). Keep adding (DCA) whenever you can, especially when the market is down, because it has been proven that the equities markets will rise again. The most important thing: be patient and persistent!
As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Walter James Henry’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
He's mostly on Telegrams, using the user name
@Gainwithwalter7
Interesting!! I'm so excited, seeing mr Walter, being mentioned here because his strategies have also normalized winning trades for me. and it's a huge milestone for me looking back to how it all started.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of James Walter insights. It's akin to finding a diamond in a coal mine.
Ever since I started following his strategies, my trading game has elevated to new heights. Truly a mastermind in the trading world..
Just can't shake the idea that it's a more serious Steve Martin talking in the video
Same!! 🤣
Lol
😂😂😂😂😂
😭😭😭😭
I'll take it
Absolutely love his down to earth approach to wealth.
Some points that I like:
1) Read more books
2) Learning the art of communication
3) Do something good, however small to this world, that you will be remembered for
4) Learn to ignore criticism
There are actually multiple forms of wealth.
1. Knowledge and skills
2. Money
3. Relationships
Of the three 1. is the most valuable by far. If you’re world class at what you do you will never have to worry about money and you will have better opportunities to form relationships with other high quality people as well.
Blcktken300 gang in the house! Thanks for the analysis!
I think Blcktken300 will be the most important project in crypto. But HBAR sounds nice too. Will buy some with my Blcktken300 earnings lmao
Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my retirement funds to lose value. Where else could we put our cash?
The market has gone berserk! irrespective of experience level, everyone needs a sort of coach at some point to thrive forward.
I’ve seen these exact same comments on every investment channel I’ve watched. Beware.
Keeping cash leads to loosing it. Remember parable of the talents.
put your money in ANYTHING that gains value over time, the 2 easiest is high yield savings account and money market account, both of them pay you in interest over time that COMPOUNDS(it basically multiples itself every year) so your bound to not only beat inflation but earn more money then you put in over the decades(around 30 years) due to inflation. Best of all it's usually free with no fees just use your own money to save only negative is you haveto pay taxes on earnings
With so few stocks driving up the latest rally and the majority of "traders" looking to "get rich quick" as the shin comes off those profits, it's time to realize "you'll never go broke taking profits." Buffett is also selling! I'm still uncertain about selling my $200k portfolio, considering its recent significant decline.
Don't sell; avoiding trying to time the market and incurring unnecessary taxes. Stay grounded and focus on the long term!
That's why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My fiduciary crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $700k, generating sufficient dividends for my household's needs.
Hey there, my retirement portfolio has been underperforming recently, and I'm considering a strategy change with the help of an advisėr. Is it possible to get in touch with your advisėr?
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I found it both telling and hysterical that David says he wasn’t a good lawyer, his clients didn’t think he was a good lawyer so…. He went to work at the Whitehouse.
I know right. lol
I love how direct your questions were and how straight forward his answers were. None of the fluff and motivational stuff but actionable directions and thoughts.
What kind of actionable info did u derive from interview? I thought majority of funds fail, and it's called survival bias when they just keep the funds that won.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Agreed, It's essential to diversify your portfolio. While quality stocks are a solid foundation, you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 15% this year alone... maybe you should do the same.
You could suggest any professional/advisrs i can get on the phone with? i'm in dire need of proper portfolio allocation
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. What are some strategies i can employ to be successful?
There are a lot of independent advisors you might look into. But i work with. Aileen Gertrude Tippy and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
"Some of the wealthiest people are tortured souls"
This should not go unnoticed.
Strange, the poorest people tend to commit the most crime, drug overdose, etc.
@@marcuspinto-xv1fz the sweet spot is to get rich but not live too lavish
"Some of the most tortured souls I've met are wealthy people" *
I am very tortured
@@crimpers5543 how tortured are you?
I’m under pressure to grow my reserve that currently holds about $500k. I’m down by 20% already following the crash and I fear I could lose more.
I believe the safest approach is to diversify investments. They can mitigate the effects of a market meltdown by diversifying their investments across asset classes such as bonds, real estate, and international stocks. It is important to seek the advice of an expert.
I am sincerely committed to securing a stable financial future and am excited to participate.
I simply googled her and was really impressed with her qualifications; I contacted her since I needed all the help I could get. I've just scheduled a CAII.
You have done enough research then trust yourself. It’s about the journey not the result yet.
“Private equity is the highest calling” lol
Got in at Blcktken300 with $1 but I will keep it until it hits $50. Still low with that number as the market cap is not close to where it should be
This Is One of the Greatest Interviews I've ever heard because of:
#1. The Openess of Mr. Rubinstein and His willingness to address every question.
#2. The Interviewer posed extremely Poignant Questions which resulted in Very Valuable Perspectives being shared.
How awesome is he? I love his sense of humor. Funny story - he came to my office to meet with my boss a few years ago and it just didn’t quite click in my head who he was. I just knew he and another David were coming. This David’s company wasn’t tagged with him because the meeting was arranged by the other David. So after it was over, I had to escort him back downstairs. I knew he looked so familiar and I’m pretty sure he was part of meetings when I was at another company many years prior so I mentioned that. He was very, very humble when he said he wasn’t sure if he’d been to that company but maybe he looked familiar because he does a lot of stuff on finance on news shows. I just think he is beyond cool and am so jealous you got to spend this kind of time with him. What a gem he is. Thank you so much for sharing this with us.
What did u learn from the interview? How to start a successful hedge fund? What practical take aways did u get, I'm curious.
I love how this guy thoughts and words are so concise and straight to the point...no wasted words
I thought the exact same thing!
I didn’t know Steve Martin Moonlights as a Wall Street investor.
What a great interview Erika, the funny thing is I went to the library today grabbing books on investing and I never of David Rubenstein, but his book was one I looked at, and said "This might be worth it". after listening to him and his wisdom on finance and love for animals, I cannot wait to open up and learn more. Thank you so much for both of your contributions to teaching others managing finances.
BEST INTERVIEW YET. so inspiring. thank you Erika and David!
What a kind, polite, and generous gentleman. Thanks, Erika. This was a very useful tutorial. Time well spent.
So nice to see that David Rubinstein is interested in so much more than seeing how large his net worth can grow. Hès a great man doing great things for humanity and the planet. Another great interview. And Erika, you and your smile are BEAUTIFUL
What an amazing interview. Such a great speaker and amazing that we has so willing to give his time. Just AMAZING 🎉
Erika love your content you ask the questions we all want to ask and you are straight to the point. My only feedback is to inform your media group that 8 ads in one video is a bite much
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
Regardless of whether you're a wise person, it's best to consult a professional advisor right away. As a business owner in the service industry as well as an eBay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money.
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
NYCOLE CHRISTINA VANNATA is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I'm thankful that I watched this very inspiring interview. The interview was simple and easily understood. Thank you Erika and appreciate the interview.
Can someone put the timestamps of where he states of where to invest $100, thanks
Absolutely loving the interviews. Cream of the crop. Keep smiling. 😊
In my humble opinion this is the best 50 minute explanation of fundamental things in the field. I really enjoyed it. Thank you!
I really enjoyed this and respect a gentleman with this positive kind attitude who had reached a lofty financial status. Golden advice. Thanks!
Thanks Erika for having David on, another value packed session
Wow! what a humble guy Erika!! Im very grateful for all these amazing Podcasts you are making!! Much success to you!!
Thank you Erika, this interview confirmed alot of things for me. May God continue to bless you in all you do. 🙂
Great interview! We need a part 2 of this
Another incredible podcast ERIKA. Love these. Thanks for sharing. Keep the content coming. Hope you have an amazing Memorial Day weekend. Much love. Huge hugs
Great video as always 👏 thanks Erica for bringing us value 🎉
Erika, you and your interviewees are great contributors to education on social media. Congratulations!
Wow, what a heroic American man...funny too. I didn't even know who he was...Ill remember him forever. Your podcasts are the my second favorite after Steven Diary of a CEO...that's still a huge compliment, because I'm obsessed with him😂
How is he heroic?
@@CandymanJrMint He's an absolute American Hero because he doesn't have to spend a single minute OR dollar on anyone but himself; yet he chooses a life of philanthropy and service... that's why.
He is great. Love how he always speaks in simple terms.
Now this was one heck of an interview... using some of these questions in my own series, Masters of the Market!
Very humble and intelligent man. God bless for having a giving heart.
His Erika taught me answer in the end was so on point.....
Such an amazing interview ,got to learn a lot from this .Keep up the good work!
I did not hear a 50 year old on how to invest. I’m so happy that I found your channel. Thank you
This interview kept my ears glued
21:59 investing
Excellent questions and this man was such a delight to listen and learn from. Thanks for the mid day treat.😊
Great lessons. Thank you Erika and David.
This was a great interview. Good job.
Thank you for this interview, I loved the way in which such an unassuming man has done, and does, so much. His book is now the next book on my audiobook list.
Great video Erika.I love all the content I viewed only a few but great so far! Love his humility and intellect ❤️💪🏼🙏🏼
This was a great interview. Thanks ❤
Great information, good video Erika !!!
Getting the paycheck of a lawyer, is a better head start than the paycheck of someone who makes minimum wage. With cost of living, minimum wage workers have no money for investing. Working more, isn't the answer.
I’m on a fixed income and I found if you want to invest you can find the money to. Budget!!!
There are plenty of entry level government jobs that can give you that early head start after completing high school.
If you are making minimum wage, your first and best investment must be in upgrading your in skills.
@@afamedozieEXACTLY!
Love your channel, Erika!
Excellent interview! Thank you!
Wow. Brilliant interview! I've heard of him in passing but did not know much about his background. Well done Erika!
Great interview. Good heart is much more valuable than money. Successful people work hard and have integrity.
Quality questions! Inspiring interview
Excellent interview . So much value Thank u
Erika you ask intriguing questions/ I’m a new subscriber great content!
First time to channel, enjoyed the whole conversation. Very insightful! Also, signed up for your December webinar
Great interview. Lots of good nuggets. And you have a beautiful smile Erika.
I like that Mr. Rubenstein touched on many experiencing a suppressed immune system upon retiring from their work activities. Many take their health for granted in the pursuit of financial wellbeing and upon retirement. This was great interview, Erika.
Great interview Erika! He has a nice personalities! Thanks! 😊❤
Amazing interview! Thank you!
Thank you so much. Love this interview. Lot to learn from David. He is a billionaire and also a humble person. Unique
Personality
Wow what a great interview! And I really mean this, you have a beautiful smile, some ppl are just nuts! Thank you for creating such valuable content Erika!
Incredible interview - David is a wealth of knowledge
Great interview. So good, I watched it 2X.
@16:16 Im happy that he is pushing people to pick up book. Reading is important, and saving money are necessary. Cool interview ❤
Solid interview. Thank you for doing this
Funny & insightful, thank you!
Quite intriguing the way he talked about what billionaires have in common. His answer was fluid, easy to understand, and different than most we all usually hear about.
Inspiring! Thanks, a lot!
Thanks for sharing this information.
Really enjoyed this interview.
What a good hearted gentleman. I really appreciated hearing his story and advice. I love that he values humility.
Thanks for your interesting interview!
Ngl my favorite part was David explaining Pandas mating😂 38:16
Well said. Honest & practical
Erika I still thank god that I found you in a time I was losing hope on my future. Believe it or not is bc of you that I’m going to college now. Taking a risk? Yes but you gave me the insight that I needed and I’m currently doing well in all of my classes. So thank you!
💪 ✅ 🏆 ❤️
Keep it pushin
Thank you for this interview; May I add your smile is great Erika!
A man after my own heart. Truly inspirational.
Excellent interview, read and diversify!!
What incredible wisdom shared for both investing and life. David is a true inspiration. Thank you both for your time to help others. So humbled.
Wonderful questions Erika and a fantastic show!! Thank you for bringing these conversations into the world. They’ve proven so valuable to my self-growth journey ❤
The clip of the interview in the beginner is true. We don't learn the basic facts of money in school and what it means to save or how to save. High schools should be teaching that to students. The earlier we are taught this the better we are equipped for the future.
Brilliant conversation! Thank you 😊
Fantastic insights from a amazing human being. Thank you for this interview.
Erika you will be the most famous interviewer in a very short amount of time.
Wow awesome interview very inspiring!. Soo interesting to hear some of these super wealthy peoples advice!. 💥👏💥
Great interview - I always admired David Rubenstein and will definitely pick up his new book.
Your bro must be super proud of you, Erika! Congrats on having such an incredible guest
Very catchy title but I don't regret watching this podcast. It was very informative and Erika... you're gorgeous :)
Great interview!