Rob, thanks for doing the reading and due diligence many of us fail to do. I listen to other podcasts and it is painfully surprising how much we don't know about our own money. When questions come up about your qualifications to inform us, tell them they can always invest with '''professionals'' like Kathy Woods (tee, hee). Absolutely love the show!!!
Rob, I love your show and really appreciate you doing an evening live stream. I will keep an eye out and hope to join you for a session live down the line. I appreciate all your no-nonsense approach, detailed topic videos and the tools that you share. Portfolio Visualizer is awesome for example. Mostly, I just want to thank you and encourage you to keep it going. Best wishes!
Love your channel. I retired 1-1-22 and don’t know what I should do. I have an appointment with personal capital tomorrow. I’m hoping they can help. I did open an M1 account, like you advised. I’ll let you know how the PC call goes. Thanks so much for the content.👏🏽👏🏽👏🏽👏🏽
Love your insight and wisdom Rob. Excellent advice and a chanel to keep investors grounded in reality. Keep up the good work. Although some of the content (tax, IRA/ROTH etc) is very USA specific (understandably) and not relevant to a UK investor, the vast amount of your content is multi national in its validity. Fantastic job Rob and much appreciated.
That mutual fund in a taxable account cap gains surprise happened to me with Invesco end of December 2021. My taxes will now be double. I sold the fund first week of January 2022. It was so inefficient & losing money!
When you buy a ETF I see there is a BID, ASK price as well as the NAV so even though there isn’t a commission like buying stocks but your not buying at NAV like a mutual fund is that correct. I saw a bid to ask spread as much as $4.65 so are ETF’s really better than mutual funds?
1:48:00 Hilarious, rolling in laughter! You aren't a comedian but hopefully people laugh when you make these jokes, I do! I was surprised you didn't make at least a snarky remark about the OTC fund (right before this) and how it wasn't really OTC. "Ya see, with this fund..." LOL You could probably do a whole show on the marketing of Investment Platforms/Funds and what they represent. I liked live better because I felt like I could participate, little long for after live, but timestamps help.
If someone is guaranteed a 8-12% return on most quality funds(such as FZROX, FNILX, VT, VOO) long term, that should mean they aren’t a gamble. Wouldn’t that make bonds obsolete?
@@JoeSmith-ie3cx There are no guarantees that the next ten years will be like the last 70 years. Maybe it will, maybe it won't. I'm in retirement so I like some bonds because they usually drop less than stocks during a correction. It helps me SWAN.
James, don’t forget to mention you must keep a year or two in cash reerves just in case something crazy happens and the markets don’t open for several weeks or months. Rob & CB from Morningstar recommended this.
At 1:24, the person who asked about keeping a significant number of UNH stock shares. One other aspect that Rob did not address: I assume that this person works for UNH. While owning a single stock increases risk, owning stock shares of the same company you work for is doubly risky. I call it the Enron Effect. If your company goes bankrupt for some reason, you lose both your job and your savings in the same day. That's a bad day.
@@rob_berger he’s not an “independent thinker.” He’s a corrupt businessman with a family coal empire that makes decisions that go against what the majority of people who voted for him want in order to further his personal political and financial interests.
Thank you @Rob Berger! I look forward to your posts every week! I enjoy your humour and your wealth of knowledge!
👍
Rob, thanks for doing the reading and due diligence many of us fail to do. I listen to other podcasts and it is painfully surprising how much we don't know about our own money. When
questions come up about your qualifications to inform us, tell them they can always invest with '''professionals'' like Kathy Woods (tee, hee). Absolutely love the show!!!
Rob, I love your show and really appreciate you doing an evening live stream. I will keep an eye out and hope to join you for a session live down the line. I appreciate all your no-nonsense approach, detailed topic videos and the tools that you share. Portfolio Visualizer is awesome for example. Mostly, I just want to thank you and encourage you to keep it going. Best wishes!
In a down market I follow Jack Bogle’s advice, “ Don’t do something, just stand there.”
Love your channel. I retired 1-1-22 and don’t know what I should do. I have an appointment with personal capital tomorrow. I’m hoping they can help.
I did open an M1 account, like you advised. I’ll let you know how the PC call goes. Thanks so much for the content.👏🏽👏🏽👏🏽👏🏽
👍Is Charlie Munger your stock screener? Or is it just coincidence your stock portfolios are similar?
Love your insight and wisdom Rob. Excellent advice and a chanel to keep investors grounded in reality. Keep up the good work. Although some of the content (tax, IRA/ROTH etc) is very USA specific (understandably) and not relevant to a UK investor, the vast amount of your content is multi national in its validity. Fantastic job Rob and much appreciated.
That mutual fund in a taxable account cap gains surprise happened to me with Invesco end of December 2021. My taxes will now be double. I sold the fund first week of January 2022. It was so inefficient & losing money!
Thank you, this has got to be exhausting,
It really is, even though I'm just sitting in chair talking.
Someone let me know when the time stamps are posted
When you buy a ETF I see there is a BID, ASK price as well as the NAV so even though there isn’t a commission like buying stocks but your not buying at NAV like a mutual fund is that correct. I saw a bid to ask spread as much as $4.65 so are ETF’s really better than mutual funds?
Correct. For the larger ETFs like a Vanguard SP500, the spread should be very small.
thanks
1:48:00 Hilarious, rolling in laughter! You aren't a comedian but hopefully people laugh when you make these jokes, I do! I was surprised you didn't make at least a snarky remark about the OTC fund (right before this) and how it wasn't really OTC. "Ya see, with this fund..." LOL You could probably do a whole show on the marketing of Investment Platforms/Funds and what they represent. I liked live better because I felt like I could participate, little long for after live, but timestamps help.
Bonus Time Stamps
25:11 -25:21 you are older after all
35:27 in the house
38:48 the 90s called
45:52 what to look forward to
1:08:16 they can be wrong
I feel like this was the 3rd qeek in a row where someone mentioned qyld.
Hmmmm. What ya know?! Seems familiar- capital gains with mutual funds. I like ETFs.
Time stamps please
Just added.
If someone is guaranteed a 8-12% return on most quality funds(such as FZROX, FNILX, VT, VOO) long term, that should mean they aren’t a gamble. Wouldn’t that make bonds obsolete?
Who is guaranteed an 8-12% return?
From 1950 to 2021, the S&P had an annualized average return of 11.61%, seems dependable enough, but only if “you” don’t sell
@@JoeSmith-ie3cx There are no guarantees that the next ten years will be like the last 70 years. Maybe it will, maybe it won't. I'm in retirement so I like some bonds because they usually drop less than stocks during a correction. It helps me SWAN.
James, don’t forget to mention you must keep a year or two in cash reerves just in case something crazy happens and the markets don’t open for several weeks or months. Rob & CB from Morningstar recommended this.
At 1:24, the person who asked about keeping a significant number of UNH stock shares. One other aspect that Rob did not address: I assume that this person works for UNH. While owning a single stock increases risk, owning stock shares of the same company you work for is doubly risky. I call it the Enron Effect. If your company goes bankrupt for some reason, you lose both your job and your savings in the same day. That's a bad day.
Tennessee taxes dividends and capital gains but not earned income
Like your videos but 20 mins max. can't watch for 2 hours.
“We need more Manchins”
Yikes….
Really? It's not a democrat vs republican comment. Don't you think we need more independent thinkers in Congress?
@@rob_berger he’s not an “independent thinker.” He’s a corrupt businessman with a family coal empire that makes decisions that go against what the majority of people who voted for him want in order to further his personal political and financial interests.
@@casstippit766 A majority of people that voted for him also voted for Trump. Maybe he is serving his peoples wishes better than you realize.