They don’t on purpose. If everyone is living paycheck to paycheck they’re too busy to figure out what the government is doing. Also they want everyone to keep working forever because we need people to clean toilets 🚽
@@punknhead23 It's a spiritual thing in my opinion. As human beings we hate change and we hate to be introspect about our decisions and bad habits. But you did your part. We can only hope that it would click at some point. For me it was 28.
I have try to explain it to younger kids so manny times byt they dont want to hear it. The reality is that people want stuff easy they dont want to do what it takes and they really lack of discipline
I started almost 30 years ago. (401K) Not a specific amount every month because it changed over the years depending on pay. But i have $1.2 M in there. Plus some in IRA and other investments. Retirement just around the corner!
@@NolanGouveia I just started to get into an ETF by watching your videos. Very new to this. I started very late, 47 yrs old. Better late than never, right. Recently got into some money My brokerage: fidelity ETF: VOO bought 1 share Dividends: SCHD bought 1 share Opened up a Sofi: HYSA Checking: $5,000/ direct deposit setup for new accounts Savings: $5,000 Chase 4,000 but I want to move it. Question/ if your able to answer. Should I put 1,000 in SCHD to buy shares, I'm looking for the dividend every month to pay rent. Is this a good way to do it.. I'm going to close out my chase bank and use my credit union acct as my primary. Can you please give me a hint to show that I am on the right path. I want to know for the recurring payment into your brokerage account, when you do this does it grow interest or do you have to keep buying shares to see a dent in money growth.
Rule of 72…. 72 / 10% return = 7.2 years to double your invested money…. So in 7.2 years it’s about $2mill and then have almost another 3 years to keep growing - That’s how it goes from $986,000 to $2.5mill in 10 years…
That's great Professor for my kids but what about Us the 50 plus older people can you please do the math with JEPQ or other ETF and maybe I don't need to wait until 80 to be wealthy Thanks in advance
@@martinlutherkingjr.5582 right. So the point is regardless of the purchase power of 4.2 million, your principle has been growing and way outperformed inflation. That’s a much better solution than leaving it in the bank earning nothing.
While this may be generally true it’s not complete. Previous performance is not a guaranteed predictor of future performance. Not only that what about if there is a 30 percent loss at the age of 62, then you lost all that and it won’t have time to fully recover by 65.
The market is unpredictable, you acknowledged that in your 2nd sentence. You're playing with "what if" scenarios at this point in time. It's a game of averaging and compounding. You play the game the same way you did the first 30 years. Regardless, all of the money that accumulated over time did not come out of your pocket - you're still winning.
Is it ok to invest in s&p500 through the Robinhood app, does the compounding effect gets applied there too? Also are these stocks completely liquid, meaning can one sell it at any time when the market is open? Please let me, thanks
The fact that they don’t tell you this when you’re in high school lets you know they only want certain people to be rich. Financial literacy needs to be taught in all schools from childhood. We could end poverty for everyone.
@@MontieUptain I know how you feel. I lost money too at first. After the 2020 crash, I pulled out $160k and gave it to an analyst. In 7 months, I made $580k. The right help changes everything!
Funny how there was no talk of compounding in the first example but all of a sudden there is in the second example. Are you referring to the dividend? Because if you are, S&P dividends are like 1.2% which in no way is going to double in 10 yrs
IMO- open your own private investment account NOT a 401k/IRA. That way you can withdrawal whenever you want to retire without financial penalties. I'm not waiting until I'm an elderly person, I'm retiring in my 40s or 50s with some time to enjoy 🤗
Mate, I feel like i know all the rules about investing in sp500 and for the long term, and i also know that do not timing the market. BUT, i everynow and then i sold all my index fund when I feel like the market is just too HOT!! And expecting a big correction or ressession to come and to do a big chunk investment.. and that thing still not come yet!! And consquently missing the devidend income... Haizzz
Should this be in a taxable account or ROTH IRA? If I’m to put money in and withdraw in five years, would I have to pay a tax rate on that because of my gain?
@@NolanGouveia how do I feel better about taxes? Currently throwing / maxing into Roth IRA and 457b. May open a tax brokerage if I feel most comfortable!
But when I'm 65, i won't be able to do as enjoy much things as when I'm young. Only my children would benefit it and of course the S&P companies themselves.
My father is 80 and still house painting. He has zero invested. My parents are worried about food security. I tried to tell them for twenty five years .. I don't really want to help them after being ignored.
Start what you can budget it but also cutting your unnecessary spending , work on increasing income potential so as increase the amount as your step up .
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets 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.
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 daughter. 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...
Quitting may not be the best approach if you ask me personally . This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed adviser whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
@@NolanGouveia you’re laughing, but there’s a reason that actual financial experts like Ben Felix make fun of people who use the 10% figure for expected return. It’s so completely wrong and absurd. You’re telling people their money will grow twice as fast as the average from the last 120 years!
I get confused on either investing into an S&P 500 ETF or S&P 500 INXI don’t understand the difference or if one is better or they’re the same? I just started at reoccurring investment into the ETF one 🤷🏽♂️
Then do what I do: QQQY get like as many as possible pays well, SCHD is about to split but even after it’s the same worth currently $84 not after split will be $25-$28 each, but as much on this ETF
@@NolanGouveia$2.5 million wont buy much in 30 years, maybe worth $2,500 in todays money, due to inflation. Earnings are taxable even if reinvested and capital gains tax is payable on sale of the investment.
@@tg5834 you think 2.5million will be worth 2,500 in todays dollars? 🫣 that’s quite a stretch. But if that’s the case then the S&P 500 would return much much more than that
@@NolanGouveiaYes, I might have exaggerated a bit, $250k.would be more accurate, when looking at historical prices for a house. We will have to wait and see.
Cmon man, let's stop with this nonsense. If you are starting with very little, you need to find what gives you the best return for the money as seen as po6. NoT frigging 30 years. Need to be more smarter than buffet. We are not in the same time period. Kids, if you listen to this "professor " you will not get anywshmuch.
Slow and steady wins the race. Start early and be consistent. I'm 57 now and plan to retire at 60. Never felt like I've deprived myself in any way. My kids are teens and saving $10 every two weeks into EFTs in a Roth IRA. Once they get real jobs they'll put at least 20% into it from the start. If you don't get used to spending that 20% you'll never miss it. Just do it and don't think about it.
i think this video is more for the people that want to work all the way to 65 and retire. gotta think outside the box. the goal is try to use money to make money so you dont need to work till you retire.
@@Tempest.213 Investment strategy is not one size fits all. You can build a nest egg slow a steady AND take more risk in other ways. Start a business, invest in real estate, etc. Diversify! You can also diversify in the investments too...allocate into international funds, REITs, crypto, etc. The important thing is to watch out for life style creep and spend all your earnings without investing anything.
Point is do it as early as possible or we can just keep adding to This video, “imagine investing $500 at the age of 9 months till you’re 65 you’d have…….. zzzz”
💁 or you could've been smart and not invested when it was down and invested only when it was up and thus increase your money substantially more… There's nothing worse than just leaving it in there and letting it rot! These type of illustrations are absolutely ridiculous and set you up to fail! 🙈🙈🙈
If you’re going into the S&P I’d advocate for VOO, I personally have money invested and it’s been doing well. Just tracks the market. However always do your own research!
Wish I was told that @ age 25. This should be a mandatory class taught in all high schools. Thanx for giving ppl the knowledge Professor G.
They don’t on purpose. If everyone is living paycheck to paycheck they’re too busy to figure out what the government is doing. Also they want everyone to keep working forever because we need people to clean toilets 🚽
I’m 33 and I just opened my first brokerage account.
The trouble is many won't listen at 25 or even 30. I talk to my coworkers often about this. They act like you're telling them to clean their room.
@@punknhead23 It's a spiritual thing in my opinion. As human beings we hate change and we hate to be introspect about our decisions and bad habits. But you did your part. We can only hope that it would click at some point. For me it was 28.
I’m 24 and I already feel like I’m behind but got 5k invested already in a brokerage account my goal is 1k a month invested
I tried explaining to my younger workmates they should start RIGHT NOW. That was 3 years ago, they still haven't started.
your younger workmates have no real understanding of time and how fast it goes
I have try to explain it to younger kids so manny times byt they dont want to hear it. The reality is that people want stuff easy they dont want to do what it takes and they really lack of discipline
Me too. And tell them to get out of those useless Target Date funds they get put in when they start! 🤯
People usually won't realize how quick time goes by until they are getting older.
You never realize you gotta set a schedule for this
I started almost 30 years ago. (401K) Not a specific amount every month because it changed over the years depending on pay. But i have $1.2 M in there. Plus some in IRA and other investments. Retirement just around the corner!
Good for you 👍
Proud of u
How do u invest in it? Were do u start or go too?
Just turned 27 and bought my first share of an S&P500 ETF last month. Looking to add to it each month so hopefully....this will be my future 😁🙏
Make sure you have a ROTH IRA account if you're eligible!
Buy splg is cheaper
What's that if you don't mind me asking?@@punknhead23
I’m 18 already starting lol thank god for social media
Good for you!❤
Never stop buying. Never stop buying. Never sell.
Like Warren Buffett said, be fearful when others are greedy, and greedy when others are fearful.
lol i started at 12. But I haven’t seen much gains. I have 1.5k invested and only made $100 in 2 years
keep pumping out those financial short Professor G!!!!
I’m 30 and I have close to 75k right now. Well on my way to 1 million
Nice job!
@@NolanGouveia thanks man! It’s a good feeling
How you invest just buying different stocks???
I need help
When did you start, or did your parents start for you? Mine did for me, grateful, and I've started for my kids.
~TIME in the MARKET ~
Start investing when you’re young!📍
Exactly!
@@NolanGouveia I just started to get into an ETF by watching your videos. Very new to this. I started very late, 47 yrs old. Better late than never, right.
Recently got into some money
My brokerage: fidelity
ETF: VOO bought 1 share
Dividends: SCHD bought 1 share
Opened up a Sofi: HYSA
Checking: $5,000/ direct deposit setup for new accounts
Savings: $5,000
Chase 4,000 but I want to move it.
Question/ if your able to answer. Should I put 1,000 in SCHD to buy shares, I'm looking for the dividend every month to pay rent. Is this a good way to do it..
I'm going to close out my chase bank and use my credit union acct as my primary.
Can you please give me a hint to show that I am on the right path.
I want to know for the recurring payment into your brokerage account, when you do this does it grow interest or do you have to keep buying shares to see a dent in money growth.
Starting in your 20’s is the 🔑to great wealth💎🙏🏿😊
So i just need to go back 16 years lol, good advice. I am 41. I will invest some into low risk ETFs but I might be willing to take some higher risks.
I’m on this now prayed over it🙏🏾
One video on how to go back to being 25years old please 😢
I’m 20 and I just started
Ok, sold. I'll just invest in the S&P 500 from now on and forget the other ETFs.
look at VGT , QQQM just sayin
It's true. I am pursuing finance and this is the best concept to invest in.
Rule of 72…. 72 / 10% return = 7.2 years to double your invested money…. So in 7.2 years it’s about $2mill and then have almost another 3 years to keep growing - That’s how it goes from $986,000 to $2.5mill in 10 years…
That's great Professor for my kids but what about Us the 50 plus older people can you please do the math with JEPQ or other ETF and maybe I don't need to wait until 80 to be wealthy Thanks in advance
Professor G, I’m 55 want to retire at 62 what do I need to do to retire with a 1 million dollar
Unfortunately $2.5m will barely buy you a middle class home in 40 years.
And without investing it and keeping the principle in the bank? You can buy a car in 40 years.
@ Probably not a car that is reliable.
@@martinlutherkingjr.5582 right. So the point is regardless of the purchase power of 4.2 million, your principle has been growing and way outperformed inflation. That’s a much better solution than leaving it in the bank earning nothing.
Great video Professor G. For my 2yr son, i regularly invest in VOO, VUG, and VGT. Thoughts?
Great choices!
While this may be generally true it’s not complete. Previous performance is not a guaranteed predictor of future performance. Not only that what about if there is a 30 percent loss at the age of 62, then you lost all that and it won’t have time to fully recover by 65.
The market is unpredictable, you acknowledged that in your 2nd sentence. You're playing with "what if" scenarios at this point in time. It's a game of averaging and compounding. You play the game the same way you did the first 30 years. Regardless, all of the money that accumulated over time did not come out of your pocket - you're still winning.
Is it ok to invest in s&p500 through the Robinhood app, does the compounding effect gets applied there too? Also are these stocks completely liquid, meaning can one sell it at any time when the market is open? Please let me, thanks
Yes Robinhood works great! And yes these are very very liquid
The fact that they don’t tell you this when you’re in high school lets you know they only want certain people to be rich. Financial literacy needs to be taught in all schools from childhood. We could end poverty for everyone.
What would you recommend for someone 69 years old ? Is it too late ?
I’m 21 years old just getting into investing. Wish me luck
You got this!
The market is tough. Do your research or talk to an advisor. I made my first million after years of trying. Good luck!
The market is tough. Do your research or talk to an advisor. I made my first million after years of trying. Good luck!
@@MontieUptain I know how you feel. I lost money too at first. After the 2020 crash, I pulled out $160k and gave it to an analyst. In 7 months, I made $580k. The right help changes everything!
@@YayoiXon That’s amazing! Who is this expert? I need help too.
@GradyRockit Ralph Anthony D’auge. He’s really experienced. Look him up-he’s great at helping people with the market.
I checked his website. He looks good. I emailed him and hope to hear back soon. Thanks!
Is investing in SPDR same as investing in S & P 500? Please answer. Thank you
Yes
You can literally Google the answer 😂😂 if you don’t know that, then EDUCATE yourself..!!
@@ricardoalejandrosaldana633 Thank you
Funny how there was no talk of compounding in the first example but all of a sudden there is in the second example. Are you referring to the dividend? Because if you are, S&P dividends are like 1.2% which in no way is going to double in 10 yrs
IMO- open your own private investment account NOT a 401k/IRA. That way you can withdrawal whenever you want to retire without financial penalties. I'm not waiting until I'm an elderly person, I'm retiring in my 40s or 50s with some time to enjoy 🤗
How to do that ?
@@wolverine1440 Start by checking out Fidelity & Ally they both have pretty good investment platforms with phone apps.
Professor, don't you thing the S&P 500 is overvalued? I'm quite worried....
I think it’ll be much higher 5 years from now so no I’m not worried
@@NolanGouveia OK, I see. And what if you were 2 years away from your retirement?
What if I invest 80,000 every year into the s&p 500?
That would be great
Hey Nolan i have seen a stock giving 19% dividend yield??? CMBT
How can you invest in the S&P500
VOO, SPY, SPLG
Mate, I feel like i know all the rules about investing in sp500 and for the long term, and i also know that do not timing the market. BUT, i everynow and then i sold all my index fund when I feel like the market is just too HOT!! And expecting a big correction or ressession to come and to do a big chunk investment.. and that thing still not come yet!! And consquently missing the devidend income... Haizzz
This is assuming that the overall value of these companies is going to increase by around 10% each year over the course of the foreseeable future.
What do yall think of d-wave?
Should this be in a taxable account or ROTH IRA? If I’m to put money in and withdraw in five years, would I have to pay a tax rate on that because of my gain?
Are people still mind blown by compound interest? Don't they teach them the basics in high school?
Not where I went to school, sadly.
And that was considered a very desirable school district at the time.
@@michaelhorn8962 That's wild. We covered pretty much all the basics in grade 8 econ class.
Quite the opposite some schools talk about credit cards instead
I'm 38 years old, and i have 200k in the market. I feel like behind
You’re doing great!
@NolanGouveia thank you, professor
Your not behind way ahead really just stay intentional and focus on the end goal .
@@Davidwillwork thank you
Currently 36. Watching
Let’s go!
@@NolanGouveia how do I feel better about taxes? Currently throwing / maxing into Roth IRA and 457b. May open a tax brokerage if I feel most comfortable!
Same
I am 26 and i put 3000 in qqqm today, and i will do 500 each month
But when I'm 65, i won't be able to do as enjoy much things as when I'm young. Only my children would benefit it and of course the S&P companies themselves.
Are you for the poor or the rich? Regular American can't invest 500ba month 😭😭
what if u r 60 and have nothing can u catch if u work till 70
I’m exactly 25 started investing recently
Everyone regrets not starting sooner no matter the age lol
My father is 80 and still house painting. He has zero invested. My parents are worried about food security. I tried to tell them for twenty five years .. I don't really want to help them after being ignored.
Let’s be honest do we think humanity is smart enough to continue for another 5-10 years without wiping each other out?
What young person has $500 per month with all the student debt they are dealing with. Then add car payment, rent, utilities.NOT REALISTIC
Start what you can budget it but also cutting your unnecessary spending , work on increasing income potential so as increase the amount as your step up .
Thats too long, just buy Bitcoin and it will take half as long. S&P 10% annual return or BTC 61% average yearly return
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets 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.
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 daughter. 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...
Quitting may not be the best approach if you ask me personally . This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed adviser whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
I will be glad if you do . Thanks!
@@MontgomerysMaddens *CATHERINE DIANE PELICAN*
LOOK HER UP ON THE WEBPAGE
10% is insane, where tf are you getting that number? Real appreciation is only about 5.2% on average. Inflation is a real thing!
🤣
@@NolanGouveia you’re laughing, but there’s a reason that actual financial experts like Ben Felix make fun of people who use the 10% figure for expected return. It’s so completely wrong and absurd. You’re telling people their money will grow twice as fast as the average from the last 120 years!
Now subtract inflation, fees, and poor choices
S&P 500 started to crash down bad 😮
I only make $2000 a month I can’t afford to give up a quarter of my monthly pay to such a thing
10% appreciation is not a fact though. More like 7.5
@@user93279 based on what year? It’s been 20% in the past 2 years tho…
I wish.
I wish I had $500 per month to invest when I was 25. Lol!
Damn if only I started investing in the womb
😅 if your 35 and making over 33,000 a year until the age 65 you would have made 986,000 dollars by then.
Nobody wants to be a millionaire at 65
We get it but most of us aren’t 20.
But now you gotta pay taxes
Is it good to start from this month or wait till February 2025
Right now is always the best time to start.
Timing doesn’t matter in this example, time does.
I get confused on either investing into an S&P 500 ETF or S&P 500 INXI don’t understand the difference or if one is better or they’re the same?
I just started at reoccurring investment into the ETF one 🤷🏽♂️
30 years come on man
?
@@NolanGouveia i am 64 , hhaha , but love watching your vids , ty for all the help finding the ETF/s etc...
I'm 24 sire can u help me I real need a legit investment
Let's say
I'm 45
Then do what I do: QQQY get like as many as possible pays well, SCHD is about to split but even after it’s the same worth currently $84 not after split will be $25-$28 each, but as much on this ETF
Invest a lot more
@@darkman35 But if there's a major downturn in the market, he won't have as much time to recover, unlike a younger person
Left out inflation and tax!!!
There’s no inflation or tax on an investment compounding..
@@NolanGouveia$2.5 million wont buy much in 30 years, maybe worth $2,500 in todays money, due to inflation. Earnings are taxable even if reinvested and capital gains tax is payable on sale of the investment.
@@tg5834 you think 2.5million will be worth 2,500 in todays dollars? 🫣 that’s quite a stretch. But if that’s the case then the S&P 500 would return much much more than that
@@NolanGouveiaYes, I might have exaggerated a bit, $250k.would be more accurate, when looking at historical prices for a house. We will have to wait and see.
@@tg5834so…. Your point is? Do you prefer having $250k in today dollar value at 65 or you prefer being broke with 0 dollars? What is your argument? 😅
I am 25
I am investing every month 2000$
Cmon man, let's stop with this nonsense. If you are starting with very little, you need to find what gives you the best return for the money as seen as po6. NoT frigging 30 years.
Need to be more smarter than buffet. We are not in the same time period.
Kids, if you listen to this "professor " you will not get anywshmuch.
Statistics are against every statement you just made lol
Slow and steady wins the race. Start early and be consistent. I'm 57 now and plan to retire at 60. Never felt like I've deprived myself in any way.
My kids are teens and saving $10 every two weeks into EFTs in a Roth IRA. Once they get real jobs they'll put at least 20% into it from the start. If you don't get used to spending that 20% you'll never miss it. Just do it and don't think about it.
i think this video is more for the people that want to work all the way to 65 and retire. gotta think outside the box. the goal is try to use money to make money so you dont need to work till you retire.
@@Tempest.213 Investment strategy is not one size fits all. You can build a nest egg slow a steady AND take more risk in other ways. Start a business, invest in real estate, etc. Diversify! You can also diversify in the investments too...allocate into international funds, REITs, crypto, etc. The important thing is to watch out for life style creep and spend all your earnings without investing anything.
Point is do it as early as possible or we can just keep adding to This video, “imagine investing $500 at the age of 9 months till you’re 65 you’d have…….. zzzz”
Ok
Ole school investing is very very different these days.
Yes, keep your job as you preach, but do un6that you are keeping your students poor. WTF
💁 or you could've been smart and not invested when it was down and invested only when it was up and thus increase your money substantially more… There's nothing worse than just leaving it in there and letting it rot!
These type of illustrations are absolutely ridiculous and set you up to fail! 🙈🙈🙈
What? Lol
Right 😂😂@@NolanGouveia
🤡
guess this 🤡 never heard of DCA.
Bro’s high
What is your number one $500 a month investment into the S&P 500 stock or whatever? If you had to pick one right now?
If you’re going into the S&P I’d advocate for VOO, I personally have money invested and it’s been doing well. Just tracks the market. However always do your own research!
Voo good tracking n low fees
VOO or SPLG
@@NolanGouveia not SCHD?
@@Retler39 you said S&P 500?