I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
1. Identity your income. (Known spending to unknown spending) 2. Diminish your debt 3. Reduce your risk 4. Tackle your taxes 5. Polish your plan : address income, inflation, investments, tackle taxes, and healthcare. Do this yearly.
One other thing we found very helping in driving towards retirement is really understand your average monthly expenses and cut back where you need too.
You're right. Identifying your income, and creating a budget (knowing what your expenses are now, and what they could be in the future) is foundational to creating a retirement plan.
I’ve got a couple of good ETFs in my portfolio and I’m up 47%. I’m also well positioned with good blue chip companies and A.I stocks. I will buy $200K worth of Plantir soon, some experts say it's the next Nvidia. Hoping to retire comfortably in 5 years with at least $2m.
I prefer to invest in large cap companies which have economic moats, good cash flow and strong balance sheets such as AAPL, SCHD, NVDA and Barclays. Seeking expertise assistance can make a huge difference
That's a great question! Tom isn't retired because he LOVES what he does! He's been educating and guiding others into and through retirement for almost 30 years. (He also loves quality time with his grandkids and traveling 🙂)
Let me tell you myself. I don't golf, fish, hunt or any of the other things may people my age do daily. I seriously love helping people make sure they have a phenomenal retirement. I'm 71, could retire anytime I lose my love for the business. By the way, with my fantastic staff, I am able to take about eight weeks of vacation each year and about half of that is overseas. I'm definitely not working because I have to have the money.
@@TomMosley-x6e That is fantastic! So glad you are enjoying your work/passion, serving others, mentoring, and having fun & enjoying life all the while. 🙂That's what it's all about.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
@@williamDonaldson432 this is huge! would you mind revealing info of your advisor here please? in dire need of portfolio rebalancing.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
1. Identity your income. (Known spending to unknown spending)
2. Diminish your debt
3. Reduce your risk
4. Tackle your taxes
5. Polish your plan : address income, inflation, investments, tackle taxes, and healthcare. Do this yearly.
One other thing we found very helping in driving towards retirement is really understand your average monthly expenses and cut back where you need too.
You're right. Identifying your income, and creating a budget (knowing what your expenses are now, and what they could be in the future) is foundational to creating a retirement plan.
I’ve got a couple of good ETFs in my portfolio and I’m up 47%. I’m also well positioned with good blue chip companies and A.I stocks. I will buy $200K worth of Plantir soon, some experts say it's the next Nvidia. Hoping to retire comfortably in 5 years with at least $2m.
i will Buy and wait for 5 years then see how it plays out. Now The question is, would I sell any of my Nvidia shares to buy Palantir? No I would not
I prefer to invest in large cap companies which have economic moats, good cash flow and strong balance sheets such as AAPL, SCHD, NVDA and Barclays. Seeking expertise assistance can make a huge difference
Thank you , great video, makes a lot of sense 👍
Glad you found value in the video!
Great content but that map is beautiful and going to get me one,
Brilliant❤
Thank you!
Bitcoin YOLO!
Great content.
Thanks. Glad you found value in it.
Is anyone wondering why Tom isn’t retired??? 😮
That's a great question! Tom isn't retired because he LOVES what he does! He's been educating and guiding others into and through retirement for almost 30 years. (He also loves quality time with his grandkids and traveling 🙂)
Let me tell you myself. I don't golf, fish, hunt or any of the other things may people my age do daily. I seriously love helping people make sure they have a phenomenal retirement. I'm 71, could retire anytime I lose my love for the business. By the way, with my fantastic staff, I am able to take about eight weeks of vacation each year and about half of that is overseas. I'm definitely not working because I have to have the money.
@@TomMosley-x6e That is fantastic! So glad you are enjoying your work/passion, serving others, mentoring, and having fun & enjoying life all the while. 🙂That's what it's all about.
@@TomMosley-x6e Perfect!!!