How Should I Start Investing?
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- Опубликовано: 19 май 2024
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In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Walter James's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME..
@Gainwithwalter7
he is my family's personal broker and also a personal broker in many families I'm United States, he's a licensed broker and a FINRA AGENT in United states
You trade with Walter James Henry too? Wow that woman has been a blessing to me and my family.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I'm new at this, please how can I reach her?
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Antonio Alex is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Yeah Alex Antonio signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.
Wow!, I'm surprised you also trade with Alex Antonio, he's the best at what he does.
Mind if I ask you to recommend how to reach this particular coach you using their service?
Fascinating video! As someone in their 50s, I'm increasingly focused on investments that can secure my retirement. I've heard stories of individuals making hundreds of thousands during market crashes. Recently, I listened to a podcast where someone earned over $650,000 in less than a year. I'm curious about the strategy behind these remarkable returns.
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Sonya Lee Mitchell 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 searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
Congratulations, do you mind sharing how you did it...
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Adolf Heinz. A widely known crypto consultant
I've come across this name before, is he really reliable?
Yeah!, Adolf was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Adolf Heinz. He is my number one source when it comes to crypto and TA.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Hit 70k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started crypto trading with 5k in July 2023
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Rodriguez Powell. A widely known bitcoin, crypto consultant
A major distinction between winning and losing is using the right strategy and of course with signals like those of Rodriguez, profit is assured.❤
Mind if I ask you to recommend how to reach this particular coach you using their service?
He's mostly on Telegrams, using the user...
@ProRodriguez2 THAT IS HIS USER
I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.
Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.
It seems like I used the FIRE movement to manage my finances. Investigate it further by doing some research. With the help of a financial professional, they were then successful when investing in stocks, cryptocurrencies, and real estate.
I encountered Catherine Morrison Evans through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Catherine up and send her a message. You've truly motivated me. God's blessings on yo
Catherine Morris Evans is a child molester and is being investigated by the SEC.
And this is a fake conversation.
Basically, taking into account various factors such as liquidity, market conditions, tax implications, and more, investment managers provide expert advice on managing your investments for maximum returns.
It is always important to consult a qualified professional before making any financial decisions.
Before taking the plunge and investing, it is essential to define your personal investment goals and objectives.
You should consider elements like the level of risk you are willing to bear.
Bianca Harley Doran opt for individual stocks based on their research to outperform market returns. She is a genius.
while passive investors invest in index funds pursuing only traditional market indices movements. Bianca Harley Doran surpassed my expectations.
This is amazing. *“How to build wealth”*
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.
For more lnfo
FinanciaI-PIanner Rebecca Mart-Watson (in fuII).
l’m amazed to partake on this, lt has rekindled the fire to my goals.
deserve aII attention, good to be here
Great advice for this young guy to start with. Truly helping people with this. More power to you!
8:51 Dave speaks some truth 👍👏
I agree that the stock market is an excellent way to generate passive income. I've heard of numerous investors generating more than $40,000 per month. how can i enter the market and diversify my portfolio?
Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks. you should try it if you're unsure about the market.
How about you recommend your financial advisor, please? I could really use some help.
My financial consultant is *Sharon Louise Count* whom I reached out to after finding her on a CNBC interview where she was the guest speaker. She's provided entry and exit points for the stocks I primarily focus on
I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I set up a call with her so I could use her services.
I'm going to abide by this advice next year when I graduate, lord's willing.
I understand the beans and rice but couldn't stick to it. My current weekly food budget is $75. 😊
The latest CPI report reinforced a potential end to the interest-rate hikes that have hurt growth for over the past year, making a soft landing scenario more likely for the US economy.Recently sold 30% of my $500k portfolio comprising of plummeting stocks, quite devastating!
There is a recession coming, invest 50% in beans and 50% in rice to have a well diversified portfolio
25% on each, then 25 on guns, 25 on ammo
@@JustAName-it5qp Bullets, beans and band-aids
@@alinatamashevich3354 you sound like my infantry first sergeant.
What kinda beans are we talkin here?
@@normantheforeman9866 the kind that make you toot… excessively
I just sold a property in Portland and I'm thinking to put the cash in st0cks, I know everyone is saying its ripe enough, but Is this a good time to buy st0cks? How long until a full re-covery? How are other people in the same market raking in over $200k gains with months, I'm really just con-fused at this point.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
That does make a lot of sense, good for you though, unlike me, you seem to have the Market figured out. Who is this consultant?
I just checked her up online, and I must admit that she has an extremely outstanding experience in investment. Thanks for sharing. I'm going to send her an email right away
As a newbie, about to invest you most have four things in mind.
1 have long time mindset
2 be willing to take risk
3 be careful on Money usage, if you are not spending to earn back then stop spending
4 never claimed to know -Ask question, it's the best you work with a financial advisor.. like Martinez Amend, he is good on what he knows how to do best.
It's wise to seek a professional guidance when building a strong financial portfolio due to its complexity
A common mistake we newbies make is venturing into the market without help and legit guidance
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial markets I'm grateful to Mr Martinez Amend 🙏
Hit $200k today. Thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
Most rich people stay rich by spending like poor and investing without season, and most poor people spending like rich yet not investing like the rich, but impressing them.
Very inspiring.. Invest and diversify while you are still young, or while you are still able and capable.
Getting rich easily absolutely exists and happens everyday.
Getting wealthy is hard work ☹️.
I prefer the Kings GBP Sterling, far more genuine currency if you take into account the Trillions of debt the US government owes ✌️
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
Most People fail to understand that living a life without passive income isn't worth much except trying to payoff debts and loans.
Yeah, All passive income ideas work as long as you put the work in. I focus more on crypto/real estate with the assistance of my financial consultant Karen L Nancy.
You're right, Crypto has become a lucrative way of earning now a day's if trade well. My spouse invested heavily in it and her weekly returns are guaranteed.
But here’s my thing…he always says Growth, Growth and Income, aggressive growth - but that’s not how fund categories are listed. They are listed as Large Cap, Mid Cap, Small Cap, and International. Always wondered why he won’t explain that.
I agree. When I log into my roth 401k I search for what Dave says and it's not listed or described that way.
I'm lost about that too.
Growth is interchangeable with large cap or large capitalization, G&I is interchangeable with mid cap, and aggressive is interchangeable with small cap…. Then there’s international on its own.
He hasn’t explained probably because no one has asked him on the show.
Aggressive growth - any large cap growth fund, small cap, mid cap. Things like QQQ and the russell 2000 fit the bill.
Growth - think S&P index
Growth and Income - any fund listed as large value. Think big, slow growth companies like Exxon that pay dividends
International - any NON US basket of stocks fund.
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
Particularly in this weak market, there are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $576k figures working with an investment coach for more than two years.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Finding financial advisors like “Emily Lois Parker'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this tip. it was easy to find your mentor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself..
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Yes,Roth IRA
No Risks
THANKS. Just what I needed to watch. My husband and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 46, my Husband is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 1 million bucks.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing in this time of wealth transfer.
I totally agree, I'm 60 and just retired with about 1.2 million in outside retirement funds, no debt and very small dollars in retirement funds compared to my balance of portfolio over the past 3 years to date. tbh, the role of the invt-advisor can only be overlooked, not denied. just do your research to find a reputable one.
This is exactly what I want to do now too. Can I get access to your coach?
I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is NATALIE ANN BRINKMAN. Was in the news a lot in 2018. You may look her up for more.
Thank you for this tip, Natalie appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Wish I was still young enough to benefit from this understanding and compound interest.
If you can get your money to double over and over, that 5th, 6th doubling is significant.
The Rule of 72 says that you can divide 72 by your rate of return and that is how long it takes for your money to double.
At a 5% rate of return, your money doubles every 14.4 years.
At a 10% rate of return, your money doubles every 7.2 years.
At a 15% rate of return, it doubles every 4.8 years.
I'm glad to have stumbled on this video as it is an eye opener 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 $250K per year but nothing to show for it yet.
Sincerely it's best to seek an advisor right now, unless you're canny yourself. As an eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
@@ericmendels I agree with you mate, I have found it takes someone who is very familiar with the market to make such good picks. so i reached out to one that appeared on CNBC news in 2020.
@@Angelavaldess Could you recommend some good advisers? don’t get me wrong, I already have one i speak with but he seems not to know much.
@@DanielPanuzi Sure, Alicia Estela Cabouli is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment.
@@Angelavaldess Thanks for sharing. I curiously searched for her full name and her website popped up. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
He should get the company match not stop and pay off debt.
Strong disagree
He's going to crash on this debt, so it won't be for very long. And Dave is teaching a mindset. Virtually all of Dave's critics are number-crunchers. A number-cruncher would agree with you. A number-cruncher would also argue that going into debt to finance a business is a good idea, because of the potential reward. Dave would never agree with that argument.
Yeah man turning down free money because you have some debt is completely retarded.
Love this video!
Investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate I've seen so much difference.
I’m interested I want to move to real estate investment can you help me invest?
Sounds great! well Stephanie Kopp Meeks is the licensed advisor I work with. Just research the name. You’d find available details to work with her and set up an appointment.
Wow thanks for recommending i find her and i left her with message.
We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.
Best thing that happened to me last year that I can attest to is the progress I have made so far on trade. Venturing into crypto was my best decision ever I know more is yet to come 2024
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many RUclips videos about it but still find it difficult to understand
Having an investment adviser is the best way to go about the market right now especially for near- retirees, I have been in touch with a coach for a year now mostly becus I lack the depth knowledge and mental fortitude to deal with recurring market conditions netted over $320k in profits so far, it clears the is more to the market that we the AVG don't know that Investment advisor's know.
Personally I would say do get a mentor. Not sure where you will get a good one. But if your knowledge of the market is limited. It seems like a good bet.
@@tanjac.thomas5506.First understanding the financial markets and how it works then you need to know how to study the market chart. That's all you stand to when you trade or invest with a mentor
The student loan stopped everything.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I'm sorry and can feel your pains. New guys need to realize the risks that come with all of this. You could lose it all and you could win it all. It goes both ways. Second, what works for A may not necessarily work for B and you should not be a bandwagon investor.
Always find out more in depth before putting your money somewhere or, even better, hire the services of an expert (so you give little margin for error and get investments to suit you). I made my first million earlier this year this way after much trial and error. Good luck!
@@Curbalnk That's really amazing!! Please who is the advisor that assists you with your investment and if you don't mind, how do I get in touch with them?
I have *Monica Selena Park* as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
@@Curbalnk I searched her up online and checked out her credentials since I was so intrigued. Top-notch! I emailed her to inquire about accepting new clients.
By putting money into an appreciating asset.
Always get at least your 401k employer match even if you are in non-mortgage debt. 401k match is part of your compensation and Ramsey is wrong for telling you not to take it.
Unless you are paying insane interest on debt, and would come out ahead paying off the debt over the match.
That said, Dave's plan is about developing behavior to get wealthy. Not math. If it was about math, the target audience wouldn't have a debt problem in the first place.
THANKS. What I needed to watch. My husband and I manage our farming company, our personal properties, and some minor pensions. Nearing the age of 46, my hubby is 52. I would greatly appreciate it if you could provide a video on how to earn passive income online and retire comfortably. We have started saving for retirement from the farm and may live off rental income.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your timing.
@@louisairvin3052 I totally agree, I'm 50 and just retired with about $900k in outside retirement funds, no debt and very small dollars in retirement funds compared to my balance of portfolio over the past 3 years to date. tbh, the role of the invt-advisor can only be overlooked, not denied. just do your research to find a reputable one.
@Alexis Anders I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "KAITLIN ROSE STERNBERG" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
To enhance our long-term investment mix, my partner and I are introducing a range of stocks and ETFs. We've committed $220k initially, with a particular emphasis on inflation-protected bonds and businesses demonstrating robust cash flows. I see potential for enduring growth in the current market, yet I'm also keen to explore strategies for generating short-term gains.
While the current market offers short-term profit potential, it's crucial to note that executing such a strategy requires expertise and skill.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it u
that’s grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though
I utilize a licensed fiduciary called NYCOLE CHRISTINA VANNATA. Just look up the name. In order to schedule an appointment, you would find the information you need in a letter.
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.
Question: When Dave mentions spreading his mutual fund investments is he talking about the plans in your 401k? So for me, I use Fidelity with the company I work for I am on their 401k plan right now. I noticed in Fidelity there are several different investment choices to choose from... Are these investment choices what he's referring to when he says mutual funds?
Yes! The ones in fidelity are index funds basically the same thing.
Mutual funds are offered by management companies like Vanguard and Fidelity. Some are actively managed, which means a team of analysts is watching the market and running calculations and picking individual stocks to include in a fund. And they want to be paid for that work, so there are fees involved.
Some are not actively managed. A set of parameters are created and stocks are measured against the parameters. If it meets the parameters, a stock is included in the fund. These types of funds have very low management fees, because there is not a human guiding the fund, demanding compensation for his hard work and insight.
Exchange traded funds (ETFs) are stock equivalents of mutual funds.
VOO is the same as Vanguard S&P500 mutual fund
VTI is the same as Vanguard's Total Stock Market mutual fund.
etc.
what i dont get is what he means by looking into each category and choose the longest best track record? can someone dumb it down for me please
What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.
Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
Hope you don't mind if I ask you to recommend this particular professional you use their service?
Carol Vivian Constable 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.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
So you can do a Roth IRAand a Traditional IRA at the same time? I have both but I'm told I can not invest in both at the same time or I will be putting money in it for no reason, there would be no tax benefit.
You can contribute to an IRA or ROTH a combined of $6K a year max. So not $6K each. Personally I would prefer a ROTH. (After you maxed out employer's contribution into your 401K)
Combined contribution of $6,500 per year.
There is no benefit when you do your taxes each year if you invest in a Roth account. But, there is a payoff in retirement as all the money in your Roth account comes out tax free. That could mean hundreds of thousands of dollars that you do not have to pay any tax on.
Contribution limits for traditional and roth 401ks are the same. Not sure what Ramsey means by "when you max out roth... put some in traditional"....
He means at that stage there is no more benefit to just piling in on Roth. You may as well spread it around.
FIRE we go!
A very good book about stocks and securites is "Yes! You can Time the Market" by Ben Stein and Phil Demuth. It should be required reading before a investing in any business.
Rice and beans...Beans and rice!! Chipotle for the win!!😂😂😂
Just get yourself on the 12% funds 📈👍
I wonder, if i make pension payments, does that count towards my 15% into retirement? Or do i need to invest 15% on top of that pension payment
My mutual fund is down 21% YTD
I swear people are just born with student loans now...
According to Mr.Warren Buffett you should start young and pick the one that's older ( which already has alot of money in the index fund ).🤩
How do I become a client? Thank you!
I have a question i just discovered this show and i live in Europe can anyone tell me how to call and ask my questions?
thanks
I’m a bit confused about match. Can anyone help me find a website to get started ? - thank you in advance
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!..
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
She's OLIVIA SULLIVAN FINANCIALS
she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.
I'm definitely gonna check her out. Do yo have any idea if she manages family fund?
She's definitely going to help you. All you have to do is look up her full name and reach out to her on her webbsite...
How do i pause CalStrs or CalPers retirement???
I have a question about investing
I have a 401(k) and I have an IRA but when he says he split it into 25% evenly through four places then I just get confused with what we’re even discussing. Can someone send me a link in explaining what he’s talking about with it being dumbed down. My parents do not have any type of retirement and I cannot be like them. They don’t even have life insurance. Help!
He’s talking about how the money in those accounts is being invested. Divide it into 3-4 different things so that if one tanks your entire investment isn’t tanked.
Depends on who’s in office too
64 years old and have been foolish with my money. Terrible! Debt, lousy money mgmt. Just started saving and am enrolled in 401k and 7k Roth offering. Debt is 20k, have rent, car payment and live fairly cheap. Is it too late? I am @ 135k a year salary & plus. I am very healthy and will work until i cant. Please advise.
Where do I go to invest my money ? How do I go about actually doing it ?
I do not work for a company with a 401k
Open a traditional/roth IRA account. You can also open a brokerage account. Any bank will do it or any app nowadays like fidelity, vanguard, robinhood, etc.
401k and Roth isn’t an either/or proposition, you can do both.
Big facts.
My guy easily maxes both too lol
Growth, growth and income, aggressive growth, international
Beans and rice and 4 eggs a week for vitamine B12 will do the job
You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my FA
That’s some good values. sounds like you got something going for you
I started investing when I was 37, mostly through sweat equity. I just turned 45 and this last month was the first time that my passive income from stocks broke $100k for the month. This is solid advice! DO IT!
She appears to be well-educated and well-read. I did a search on her name and came across her web, thank you for sharing
Did a quick search and found her webpage. I must say her resume is pretty impressive. will be writing her
I’m 24, looking to start building now for the future. Looking to stick at least 200 a month away, I know not much. But it’a what I can afford now with bills and providing for my family. Where should I start?
Open a Roth IRA with a brokerage firm (Etrade, ScottTrade, Schwab, etc.)
Put your money in an ETF which is a stock that mimics a mutual fund.
VOO is the same as the S&P500. SPY is the same thing offered by a different company.
If you go with Schwab, I know you can buy fractional shares. SPY is currently at $500/share, so you would have to wait a month to have enough to buy a full share. Some other companies allow you to buy fractional shares. I know Vanguard does, as well.
Otherwise you can go to Schwab or Vanguard and buy into mutual funds. Vanguard has a long history of charging very low fees with many of its passively managed mutual funds. This would still be a Roth IRA.
And what about POST-TAX 401K vs PRE-TAX..? Who's to say if pre-tax growth will be better than the tax rate at your retirement or not?
Roth is the post-tax version.
Traditional is the pre-tax version.
$10,000 grows the same in either account. With a Traditional account, you deduct the contribution at tax time. But everything is taxed when you withdraw it and you have required withdrawals at age 73. So a million dollars is probably more like $780k, depending on how fast you withdraw it (I'm assuming a 22% tax bracket).
With a Roth account, you don't get to deduct your contribution at tax time, but everything comes out tax free and there is no required distributions. And a million dollars is a million dollars.
I think though this was well put out, it isn't for me. Factoring a young mid income, short term minded person with constant need for cash, are these still recommended? I am new to all of these and have incurred so much losses, I am beginning to think I am not doing what is good for me but good for others
I feel for you. New guys must realize the risks all these come with. You could lose everything and you could gain everything. It goes both ways. Secondly, what works for A must not necessarily work for B and you shouldn't be a bandwagon investor. Always make more thorough inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error and get tailored investments). Made my first million earlier this year this way after a lot of trial and errors. Good luck!
i am the exact situation. its getting exhausting
@@thesportsguruu Very sound and pragmatic. I have been into this for long and though I won't say I have lost a fortune, I have squandered quite a lot. If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I look forward to your reply...
@@chriswilliams2061 Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@@thesportsguruu wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
Great advice. I started by investing a lump sum in trading stocks & digital assets with the help of an excellent finance manager who helps me trade & this made me my first million.
Who is your finance manager & how can I reach out to help me trade too?
@@mattelvis1866 Erlinia Jedraa Barrett is her name. You can look her up
👍👍I work with her too. A friend from Turkey referred me to Erlinia Jedraa Barrett so I researched her & reached out. In few months of trading she tripled my 115k. She is really amazing. Cheers!!🥂🌺🌹
Very inspiring.. Invest and diversify while you are still young, or while you are still able and capable.
@piercedaulton6987 Does she charge a lot?? I a am new to investing and have no idea where to start?
I disagree with this advice. If your employer is matching, you’re missing out on money that should go to you. It’s like throwing money away. Always invest the percentage your employee matches.
Is a car loan considered debt? If so, I am going to be putting a hold on 401k for a long time if that's the case and not starting a Roth IRA.
Sell the car and pay off the loan right away and buy a 5-10k car.
Simple, dont have a car loan. Sell it and buy something cheap. Toyota, Mazda, Honda will go 200k miles.
@@Locke19901
Buicks and Fords can do high mileage as well. It is really hard to know what the persons income is and how much the car loan is for.
Are you making payments every month? If so that’s debt 😂
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $79,435 per week.
Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading..
Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Amelia Frederick her trading strategies are top notch coupled with the little commission she charges on her trade.
Wow what a coincidence i invested with Mrs Amelia Frederick also?
My bi-weekly trading Return is $31,600.
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly on a weekly or monthly basis. That’s the key to living financially stable,.,,,.
I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me
Wow, this is really amazing. How do you come about it
@@chrisholdgate7074I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Would you still consider rushing to pay off student debt if the interest rate is 0%? I assume no, but wat what interest rate would you consider paying it off as quickly as you can? Mine will go up to 2-3% in 2025 so I'm currently not paying it off since I'm still 'enjoying' the 0%.
No don’t pay it off
Dave will ALWAYS tell you to get rid of debt. It's part of the lifestyle that he advocates. Look up the "baby steps".
When Dave speaks about the four areas he investments , is he talking about a Roth? ETFs?
ROTH....Mutual Funds in a Roth. He never once said ETF.
Dave has argued that in certain cases, it is worth the fees to invest in an actively managed mutual fund. His 12% returns seem like white elephants, but supposedly they are out there.
Roth just is a classification for how an account is taxed. After tax money goes into a Roth account, which means you get no deduction at tax time. But then in retirement, everything comes out tax-free.
With a Traditional account, you get to deduct your contributions at tax time, but then you pay taxes on everything that comes out, and you have required minimum distributions at age 72.
There are Roth 401ks and Roth IRAs, and there are Traditional 401ks and Traditional IRAs.
Dave talks advocates mutual funds, but you can buy essentially the same thing on the stock market with ETFs (exchange traded funds).
VOO on the stock market is the same as Vanguard's S&P500 Fund.
VTI on the stock market is the same as Vanguard's Total Market Index Fund.
Fidelity (and others) offer the same kinds of stocks.
Not every mutual fund has an ETF equivalent, but all the big ones do.
How should I invest with with liquid money that I don’t want to lose but would like some return before having to start spending down principle
You will need a really safe investment like a CD, money market account or Treasury note. Some people create a "CD ladder" by buying a CD each month, so down the road there is always a CD maturing each month. But you are not going to get a great return with these instruments. You are foregoing opportunity for safety.
If company match is 2% put 13% in Roth?
You don't consider the employer contribution in the 15% rule. It's 15% of your annual income.
Roth is just the way an account is taxed. (Funded with after tax money and all the proceeds come out tax free in retirement).
If you are relatively young, Dave will always advocate for a Roth account, because you have so much time for the money to grow and it all comes out tax free. If you are ten years or less from when you will start taking money out, the Roth is not that beneficial.
Beans and rice rice and beans
Does this still apply if my student loans are 40k 0% interest 240 dollars a month payment for 15 years. Would it be better to just leave it be until it pays itself and just invest?
Not with the mindset that Dave is advocating. Debt is dumb, no matter how cheap. He will always tell you to get rid of the debt as quick as you can.
Also, that debt will never "pay itself".
Only reason to pay extra is if you know you'd waste that money on unnecessary spending otherwise. If you are disciplined you'd be better off focusing on saving and investing.
No, do not put off investing just because you are in debt. You can do more.
And you can do more then fifteen percent.
U got to kill that student loan first because they are some of the highest interest rates out. Always pay way more than min payment with student loans or youll never pay them off
What are the ticker symbols your talking about Mr Ramsey ?
He'll never say
Put 50 percent in alimony and 50 percent in child support.
Your comment is underrated 😭😭😭😭
😂😂😂😂
😂😂😂😂
The truth...
I've seen enough of Dave Ramsey where I can pause the video like Dave pushing the mute button and answer using his manneurisms.
😂 he’s literally been saying the exact same thing , the exact same way, for decades! Making millions doing it too😂😂😂 Unreal
@@TheTurdballs420 it worked for me honestly, thought I'm not a millionaire, but I'm working towards being a hundrednaire.
@@JustAName-it5qp Baby Steps.....you will get there!
@@TheTurdballs420 becuase it Works!!!
@@kelliconlan8133 nobody said it doesn’t!! It’s more a reflection on how dumb society is that he can write multiple books, make an insane amount of video’s, do a radio show and rather than look up the answers people will keep asking the same dumb, basic questions over and over and over and over again
Is the 15% even for those who started saving for retirement late in life? I’m 45 and just started saving for retirement. I put around 30% into retirement (the max 6000 in Roth IRA, the 5000 that is matched in 401k, and the rest in a savings acct). Which I keep worrying won’t be enough.
15 is a general guideline so u still have enough income to chunk away at the house and save for stuff to avoid debt
Please don't keep adding money to a savings account past having an emergency fund. Invest that so it doesn't get eaten alive by inflation. To answer your question, once you're completely out of debt he suggests you invest and save as much money as you can.
If you're maxed on your tax advantaged accounts, then you should open a taxable brokerage account and use that to invest there.
I'm 54 and just got laid off. The good news is I don't have to work cause of my investments.
Technically you have to save different amounts depending on how early you start, assuming you want to save enough to replace your income in retirement. The Money Guys (another finance show) calculated that to replace 80% of your pre-retirement income you need to save 12% from age 20, or 15% from age 25, or 20% from age 30, or 26% from age 35, or 34% from age 40...
Which fund is growth? And which one is agresive growth?
A mid-cap fund is growth. A small-cap fund is aggressive growth. But you can also use Google.
What four funds is that.
I have a question. If it is good idea to open a cd account or not?
Some do emergency funds in a CD ladder.
Some CDs are 4.5 % so in general a very safe place for some money thats not for emergency or investments.
I.e. down payment money for next year's home purchase can net u free money
I have an idea, why don't you purchase term insurance of which, less than 2% ever pays someone who dies and then invest the rest in the market that is getting ready to tank and ride the elevator to the basement with it. If you need to get out of debt, listen to Dave. I'd find a new mentor if you are looking for a tax-free retirement income.
How does one go about buying mutual funds?
You can start by getting a Fidelity account, or another top investment firm (i.e. Charles Schwabb). Then looking at their highest and longest performing mutual funds. That is the easiest way to get started and learn.
Open an account with Vanguard or Fidelity or Schwab.
Charles Schwab has lots of free resources you can use
I’m confused do you invest 15% on your yearly income once? Or every year?
If you use an IRA, you can drop it all at one time, but generally people invest over the course of the year. I don't see how you could drop a lump sum into a 401k. When you set up a 401k, you generally specify what percentage of your paycheck is to be contributed to your 401k and part of every paycheck gets deposited in your 401k. Keep in mind that IRAs and 401ks have a top end on how much you can contribute to them each year.
Timing the market is nowhere near as important as time in the market. Get your contributions out of your paycheck before you see them and you will never miss the money.
Damn. so what can I do with 3 million when im 60 and dying barely able to go up the stairs?? pay my sons loans??
Thai dude don’t need to stop 401k he makes enough where he can pay off in a year with it don’t stop 401k
Great video! I really do have a question. For someone with less than $300,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
Long term? Stocks! Small-Caps are poised to perform better in the coming year despite Fed actions with rates to make investors worried. you should look into which the Best Small-Caps Stocks to position into.
Certain investors would still perform better than others even if they had the best resources and plan. You ought to know this by now as an investor. In my case, to get my account to almost a million dollars, take a profit right before the correction, and then start purchasing again, I had to seek the counsel of a market analyst.
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?
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.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Where do you even go or who do you even talk to to set these up?
If you work at a large company, go to HR and set up 401(k) contributions. Roth IRA you open on your own, choose a brokerage like Fidelity or Vanguard (if you’re going to open a workplace retirement account I’d choose the same brokerage your job uses to manage retirement plans so it’s all in one place). Then choose Roth IRA and make contributions on your own. Annual limit is $6500 for people less than 50 years old this year.
Dont ask dave about investing, getting out of debt, yes, investing, no.
Thank you ❤️
relatable bro. I am on the same mission and I consuIt with good a market strategist. Winning lol
Agreed. I deal with an advisor for this reason. Our current project for this year is a more concrete ballpark target
@@AhmedAcemrar-xx4db
Congrats man❤️
Thanks man🫶
@@AhmedAcemrar-xx4db
May I know the name of the person who has been assisting you, please?
Make a budget for yourself with an Excel spreadsheet
Where the hell are we getting this emergency fund money?? I mean really we don’t have money like you
How do you get in contact with Mr Ramsey? My family could use some help ha we’re learning but would help with the knowledge of this man
Interesting perspective. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great investing book for teens.
Are we talking 15% of the net salary, or 15% of your gross salary paid from the net?
15% of gross income is the target amount. Do what you can.