Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of it!

Поделиться
HTML-код
  • Опубликовано: 27 апр 2024
  • ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: www.ourrichjourney.com/invest... Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)!
    ▸▸▸Enroll in our FIRE Master Class: www.ourrichjourney.com/firema... This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE!
    Books that have helped us on our Financial Independence Journey
    -----
    The Bogleheads' Guide to Investing: amzn.to/2UjEc4j
    The Intelligent Investor: amzn.to/2MKGokh
    A Random Walk Down Wall Street: amzn.to/2zIVI8p
    The Book on Rental Property Investing: amzn.to/2UkwgQ6
    Building Wealth One House at a Time: amzn.to/2ZJQuDW
    Rich Dad Poor Dad: amzn.to/2ZD29IK
    The Total Money Makeover: amzn.to/2Lc0thn
    The $100 Startup: amzn.to/2UnBpqK
    Freakonomics: amzn.to/2HCnDeJ
    ▸▸▸Follow us on Instagram: / richjourney
    Our Rich Journey - Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of It!: Are you managing your own investments or considering a financial advisor? It’s crucial to be aware of the tactics that financial advisors might use to win you over. Many investors lean towards professional advice without fully understanding what’s at stake. In this video, we uncover the common strategies used by advisors, highlight the importance of financial literacy, and encourage you to compare managing your own investments with hiring a financial advisor. Watch to learn how to spot these tactics and arm yourself with the knowledge needed to make informed decisions about your financial future!
    ▸▸▸Check out some of our other videos!
    Stock Market Is Crashing, So We're Buying This NOW (See Our Top Pick):
    • Stock Market Is Crashi...
    Oh NO! Interest Rates Are Going Up! | Here's How to Invest in the Stock Market:
    • Oh NO! Interest Rates ...
    9 Rules We Followed to Become Millionaires in our 30s:
    • 9 Rules We Followed to...
    Financial Norms Destroying Your Wealth - We Broke Them to Retire at 39 As Millionaires:
    • Financial Norms Destro...
    Our Top ETF Investments for Dividend Income and High Returns to Retire Early:
    • Our Top ETF Investment...
    Investing in Index Funds for Beginners | Tips & Advice From Millionaire Investors:
    • Investing in Index Fun...
    ▸▸▸PLEASE SUBSCRIBE:
    If you like our video, please make sure to "like" the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey!
    DISCLAIMER:
    We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions.
    #FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly
  • ХоббиХобби

Комментарии • 283

  • @OurRichJourney
    @OurRichJourney  16 дней назад +15

    📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire
    🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass

    • @barbaranichols566
      @barbaranichols566 9 дней назад +1

      However, how do you borrow against your assets? Please do an video.

  • @truesurf
    @truesurf 16 дней назад +215

    53 year old average guy here in the double comma club. What I've learned when it comes to money....NO ONE IS YOUR FRIEND or has your best interest in mind. Learn as much as you can and manage it yourself.

    • @daystar73
      @daystar73 16 дней назад +1

      Absolutely...👏

    • @steve99912
      @steve99912 15 дней назад +7

      So true nobody cares more about your cash than you.

    • @bpalm7428
      @bpalm7428 15 дней назад +2

      truest words ever.

  • @claudinekent5823
    @claudinekent5823 16 дней назад +73

    Best decision I made was to take control of my own assets!

  • @hulkman4004
    @hulkman4004 16 дней назад +56

    If you got 2mil without one then i say you dont need a financial advisor. You are one

    • @Arun71150
      @Arun71150 4 дня назад

      Right!!! Multiple millions, not just 2. Lol. FA saw chaching!!!

  • @seanbrown2361
    @seanbrown2361 16 дней назад +41

    Make a whole video explaining why you didn't go down the route you were planning

  • @thejourneyofraymond5752
    @thejourneyofraymond5752 16 дней назад +36

    Hi, I'm interested in hearing your thoughts on way you all decided not move forward with the securities backed line of credit.

  • @lataraashley9143
    @lataraashley9143 16 дней назад +21

    Thanks for using your experience to warn us 😮

  • @respectfullytruthful
    @respectfullytruthful 16 дней назад +57

    The shower scene 😂😂💀

  • @sidandsof12
    @sidandsof12 16 дней назад +19

    I’d like to know why you didn’t go through with the line of credit. Can you post a video about it?

  • @jmr2594
    @jmr2594 16 дней назад +62

    I used a financial advisor in the past to manage ETFS and Mutual Funds in Nj. In 2 years he changed barely anything so when I called him and started asking questions he called me back stating I was calling too much and asking too many questions. I then stopped using him. I also found out that the retirement account he was suppose to manage he had no access. I will never use a financial advisor.

    • @jay_stack1270
      @jay_stack1270 15 дней назад +2

      Wow!! 😂😂 so all these while he was just taking his fees..that’s crazy

    • @MTXSHO9732vV8SHO
      @MTXSHO9732vV8SHO 15 дней назад +2

      👍😆👍 Stop calling about YOUR MONEY

  • @jeremyhicks2449
    @jeremyhicks2449 16 дней назад +56

    Exactly why I managed my own money.

  • @livingworkingoutsidebox
    @livingworkingoutsidebox 2 дня назад +2

    Yes please a video on securities backed financing would be very helpful.
    Especially the way you two break down information.
    👍

  • @betterme479
    @betterme479 16 дней назад +5

    Really appreciate this video! Thanks for taking us along on your journey ❤

  • @victorc2786
    @victorc2786 16 дней назад +10

    Thanks for all the great advice you give, Love ❤️ you guys.

  • @irene8013
    @irene8013 16 дней назад +5

    Thank you for sharing, very helpful info!

  • @blascarmona6613
    @blascarmona6613 16 дней назад +4

    Thank you for sharing!

  • @actionvj
    @actionvj 16 дней назад +9

    🙏🏾 This video is awesome. While I don’t have that type of money, that makes it even more important to make every penny count. I appreciate y’all sharing your experience. It’s great knowledge for me to have and many others, I’m sure. 👍🏾

  • @Lissa1988
    @Lissa1988 16 дней назад +9

    Another great video. This one definitely hit home for me. When we pulled our accounts from our previous advisor, he used several of these tactics. They definitely hate when you are an informed client.

  • @frankdibiase3372
    @frankdibiase3372 16 дней назад +22

    They had no idea who they were messing’ with!!

  • @TiagoRamosVideos
    @TiagoRamosVideos 15 дней назад +1

    Great video! Thanks for the heads up 🙏

  • @angelromero8076
    @angelromero8076 15 дней назад +1

    Thanks for the content, very informative and helpful.

  • @mannyaleixo4402
    @mannyaleixo4402 13 дней назад +1

    Well said thank you for sharing your experience. It’s appreciated

  • @VNAV_PTH
    @VNAV_PTH 16 дней назад +21

    LOL, used car dealership vibes 😊

  • @westcoastmediasolutions
    @westcoastmediasolutions 15 дней назад +4

    Yes please tell us what you guys decided to do to finance your next property purchase.

  • @aracelireyes999
    @aracelireyes999 16 дней назад +43

    37%??!! Wow, you guys are amazing.

  • @feliciaflinders
    @feliciaflinders 15 дней назад +3

    ❤❤❤ thanks for sharing 👍. Also the loan against value of portfolio is good insight to mitigate tax. Clever idea and very smart.

  • @ML-dj8fq
    @ML-dj8fq 15 дней назад +4

    Thanks!! Please talk about securities backed line of credit

  • @TYJ419
    @TYJ419 15 дней назад +1

    Thanks for sharing your experience. Yes, would love a video and why you changed your mind about the line of credit.
    Tracey

  • @hopedodson8058
    @hopedodson8058 16 дней назад +4

    Yes- would love a video about securities backed lines of credit.

  • @shalakataneja8686
    @shalakataneja8686 16 дней назад +2

    So true! I had the same experience recently.

  • @JenniferBelong-is7je
    @JenniferBelong-is7je 6 дней назад

    I appreciate you sharing your experience - thank you

  • @NursesToRiches
    @NursesToRiches 15 дней назад +1

    I love this video and always enjoy watching you two together.

  • @faqu529
    @faqu529 15 дней назад +3

    The Advisor was doing the Bird Man hand rub while conversing with you all. Glad you all stood on business!👏🏾👊🏾🙌🏾

  • @sidandsof12
    @sidandsof12 16 дней назад +8

    Haven’t heard “scanless” in years. Took me back. Love ya guys!

    • @autobotdiva9268
      @autobotdiva9268 16 дней назад

      i busted out laughing and Amon said it hard!

  • @nalonnimadden4730
    @nalonnimadden4730 16 дней назад +2

    So is this course different from the previous one and we would have to buy again?

  • @dkgong
    @dkgong 15 дней назад +8

    $2 Million?! Wow, that's amazing! I hope you can do a video on what you invested in someday.

    • @PAULIEL.
      @PAULIEL. 15 дней назад

      GET THEIR STOCK INVESTING COURSE AND THEY SHOW YOU.

    • @nikkoe2694
      @nikkoe2694 15 дней назад +1

      They have lots of videos about that

  • @vgb10dst
    @vgb10dst 15 дней назад

    Excellent video!!!! Always deliver!!!

  • @willmallory9085
    @willmallory9085 15 дней назад +3

    Excellent video Team, thanks for sharing.

  • @lewishamse6
    @lewishamse6 16 дней назад +1

    Great video very insightful. I plan to always manage my money. Like they say "Knowledge is power". Thank you for reinforcing my own opinion.

  • @TheSponsorPodcast
    @TheSponsorPodcast 11 дней назад

    Joined the journey last month! Thank you for providing clarity and a path to FIRE!

  • @paulainocent622
    @paulainocent622 15 дней назад

    Great video!! Thanks for the walk through tactics. Thanks for increasing financial Literacy.

  • @elliottpaige
    @elliottpaige 15 дней назад

    This was great! Thanks. Looking forward to your video on securities-backed line of credit. ❤

  • @MrTofu13
    @MrTofu13 16 дней назад +1

    I want to keep my money too! Thank you guys for all the knowledge!❤😊

  • @samuelawosolu1485
    @samuelawosolu1485 15 дней назад +3

    This was a great video! Please create more videos like this that expose how some financial advisors at banking institutions may not have your best interest when it comes to managing your money. Also I would like to know more about how a securities backed line of credit works. Sounds like the equivalent of taking a HELOC on a home.

  • @smokeyhat
    @smokeyhat 16 дней назад +2

    Thanks for sharing the advice guys. I would certainly walk right into this trap in the future had I not seen this. Keep doing what you're doing to increase the awareness of the uninitiated like myself. ✊✊

  • @symplybeingme
    @symplybeingme 15 дней назад +2

    Another eye opening video. 😊

  • @rogeliofernandez6266
    @rogeliofernandez6266 4 дня назад

    Thanks for posting content about FIRE! Its hard to find recent videos on it

  • @NeilLevalier1
    @NeilLevalier1 6 дней назад

    Great video! This was also my experience exactly.

  • @jonnom6528
    @jonnom6528 15 дней назад

    so happy to see you two continue to grow it was years ago i watched one of your videos on index funds and now look where youre at!

  • @MK-ut8ik
    @MK-ut8ik 16 дней назад +4

    I would be very interested in the ways you leverage, investigating it myself, the securities line of credit and so forth. Do you elaborate on that? And yes! Great advice regarding financial advisors, I have used them in the past and lost a ton of money at their grezzy hands. most are crooks and are NOT looking out for your best interest

  • @PeaceBeginsOnYourPlate
    @PeaceBeginsOnYourPlate 13 дней назад

    Great video! Thanks for sharing! I'm curious in learning more about why you chose not to go with a securities-backed line of credit. Also, speaking of tax-loss harvesting, what are your thoughts on robo advisors like Wealthfront? Would love to see an updated video on your thoughts now on robo advisors like Wealthfront.

  • @letschatfamilyfinances
    @letschatfamilyfinances 16 дней назад +3

    This was hilarious! Thank you for sharing!

  • @VincentCloutierMtl
    @VincentCloutierMtl 14 дней назад

    Thanks again for your videos. That one is so good as everyone has lived or will live this at some point.

  • @aracelireyes999
    @aracelireyes999 16 дней назад +14

    J L Collin's book would agree with you, " Manage your own money." Thank you guys for everything. I am at the very beginning of my journey.

    • @OurRichJourney
      @OurRichJourney  16 дней назад +4

      Yes! We are definitely in favor of managing our own money!!!

  • @marjorieantoniou2836
    @marjorieantoniou2836 15 дней назад +1

    Security lined backed credit sounds interesting please share. Thanks!

  • @Chachou18711
    @Chachou18711 2 дня назад

    Thank you for your advices. I started my journey 5 years ago. From zero to 300 000 euros on stocks and index funds. Thank you for the motivation.
    A French suscriber !

  • @ramez1884
    @ramez1884 15 дней назад

    Great video! Would love to hear more about the securities-backed to line of credit

  • @PhilomenaAgbanyim-Oragui
    @PhilomenaAgbanyim-Oragui 13 дней назад

    This video has been a life saver,thank you guys for such wise advice❤

  • @marcshaw6811
    @marcshaw6811 15 дней назад +1

    Yes please explain how you pay the securities backed loan .

  • @02nupe
    @02nupe 11 дней назад

    QUALITY CONTENT!!!

  • @teribond7808
    @teribond7808 15 дней назад

    Very helpful information! I have fallen prey to those type of tactic in the past. Would be interested in seeing a video on securities backed loan. Thank you!

  • @traceyilene4531
    @traceyilene4531 13 дней назад

    This is good stuff!

  • @larettaadams1866
    @larettaadams1866 15 дней назад

    Thank you. I learned about this in your program a couple years ago. It was the best.. 365 Days!!!

  • @rickb5275
    @rickb5275 9 дней назад

    Love your channel. I’d love to understand your thoughts and reasoning why you did not choose to go with the line of credit

  • @videolife101
    @videolife101 15 дней назад

    I’ve been looking into SBLOCs as well. Very useful tool.

  • @skvirk2669
    @skvirk2669 5 дней назад

    Best video! Thanks guys.

  • @MTXSHO9732vV8SHO
    @MTXSHO9732vV8SHO 16 дней назад +4

    Yes indeed.. It's the NEXT LEVEL. That IS how it's done (SBLOC).

  • @femio3617
    @femio3617 15 дней назад

    What life insurance is the beat yall recommend or use

  • @lvon2844
    @lvon2844 14 дней назад

    Oh yes please do dive into the taking loan against your Investments this has been a big problem we need to discuss it thank you very much good on you too so inspiring and I'm looking forward to you two developing a chat GTP app kind of co-pilot so when I get up in the morning you can help me make healthier financial decisions I'm a nerd when it comes to Automotive and you guys are definitely Financial nerves it isn't easy for me to think your way but I noticed the same problem with I expect everybody to be able to understand what I'm doing with cars I don't need another car at 7:00 right now I should be investing my money but the minute I start to try
    to follow your guidance I go blank where an app could lovingly encourage me and get me to start following your guys's wisdom

  • @cosandraodame7623
    @cosandraodame7623 16 дней назад +9

    Great advice

    • @OurRichJourney
      @OurRichJourney  16 дней назад +2

      Thank you!!!

    • @jdone7619
      @jdone7619 14 дней назад

      @@OurRichJourney how long did it take you to save or invest before you retired and how much did you start off with ?

  • @rosealapatt1315
    @rosealapatt1315 13 дней назад

    I am interested in knowing why you did not go forward with the credit. Thanks for these insights. I always remember what you have said in some of your earlier videos about the percentage charges by fin advisors- it would only make sense if they charge a fixed fee.

  • @brinho109
    @brinho109 14 дней назад

    What alternative to the securities backed line of credit did you all use, if any? Great video.

  • @ImaAHol
    @ImaAHol 15 дней назад

    Please do a video on the securities backed line of credit!

  • @mikejones3078
    @mikejones3078 15 дней назад +1

    Great info

  • @justgio23
    @justgio23 16 дней назад

    Guys you are the best! reason why I'd been following you since you started. Thank you so much because I keep learning from you. You are my favorite and my best! With your course I learned how to invest!

  • @pall5114
    @pall5114 14 дней назад

    always inspiring, congrats. do you have a video on how you managed 37% last year, and what funds/ETFs you are invested in?. To your point, I have not had much success with financial advisors and could have done better on my own invested in S&P fund. Thank you,

  • @varup7483
    @varup7483 15 дней назад

    Thanks a lot you guys! I learnt a lot from you! I appreciate your kind efforts educate people on financial knowledge which we never learnt in school! Kudos!

  • @OtrosCauces
    @OtrosCauces 14 дней назад

    Interested in your take on the stocks-backed loan and what did you do instead

  • @chicatita4753
    @chicatita4753 15 дней назад

    Yes, can you please talk more about security back line of credit? And if you dont use this then how can you use your $ to buy real state for example without paying high taxes? Thank you!!!

  • @DanTran-uv3rg
    @DanTran-uv3rg 15 дней назад

    Interested in the securities backed line of credit video :D

  • @BrunissimoArt
    @BrunissimoArt 16 дней назад +1

    As always thank you both for sharing your experiences with us! Helps us stay on our toes! It would be cool if you guys made a video about securities backed line of credit next! One question I have is if a person has some amount invested with VTI and another chunk with VTSAX, would the broker only consider one of those accounts or would the broker factor the total amount invested between the two investments? Anyway thank you as always Amon and Christina!

  • @tonimartin1344
    @tonimartin1344 11 дней назад

    Thanks this is so true. It happened to me. That is why I haven't used an advisor in 20 years.

  • @JJ-jn7ei
    @JJ-jn7ei 15 дней назад

    OMG! First, never heard of this type of option-so thanks for that nugget. Second, I've been feeling like such a slacker for not reaching out to a FA. I thought maybe I had waisted so much time not using one. So THANK YOU! I'm doing alright on my own...I'll keep going 😊

  • @nalynegunggavakin9682
    @nalynegunggavakin9682 11 дней назад

    I totally agree with you and had the same experience from well know financial advising places. I tried let one manage an IRA and they totally underperformed in a bull market. They obvioulsy didn’t rebalance it. Please do a video on Pledged Asset Line of credit.

  • @hn7461
    @hn7461 6 дней назад +1

    Wow!! Amazing 37%!! 🎉

  • @steve-ml4du
    @steve-ml4du 13 дней назад

    Great video. I would be interested in hearing more on securities backed line of credit and your reasoning for not going with it.

  • @ginahill6621
    @ginahill6621 День назад

    Thank you 😃😃😃😃😃

  • @deniseweideman1974
    @deniseweideman1974 5 дней назад

    Thank you two lovebirds for showing us all how it is done.... been following you for a couple of years and so proud of your success... and your wonderful advice... all the best

  • @CheapStocksTV
    @CheapStocksTV 16 дней назад +5

    Once again another great video! If you can do it on your own and your being success at it. Just continuing doing what your doing no need for an advisor. Who only wants to benefit off of you for their own gain. So many scammers out here that you have to go through in order to scale up!

    • @OurRichJourney
      @OurRichJourney  16 дней назад +1

      Thank you so much! And you are right - so many scammers out there!!!

  • @dianesalvatore5018
    @dianesalvatore5018 14 дней назад

    I would like to hear what you think about the securities back LOC.

  • @jamesspitzercashout
    @jamesspitzercashout 16 дней назад +10

    Hello my friends Amon and Christina!
    Just wanted to check in and let you know that I am retiring on May 23rd. Just a few weeks away. My wife and I have so many travel plans upcoming, and I have a couple big opportunities that could be huge coming up. Still love how you are so relatable, open and transparent to all your viewers and supporters. I, and I know, that all that follow you feel like we know you like our closest friends. Such an important skill to have these days. A true success story for all to admire.
    I will always watch and check in when I can. One of our stops in our travels is Portugal. Hoping our pathes cross to share that Latte that is on my bucket list❤.
    All the best my friends.
    James and Ellen Spitzer

    • @jay_stack1270
      @jay_stack1270 15 дней назад +1

      Congratulations 🍾🎈🎉 You both Enjoy your retirement 😊

  • @Daniel-ct8zv
    @Daniel-ct8zv 13 дней назад

    Can u guys make that video on the back line of credit??. Can't wait to learn some more!.. I appreciate u guys making this video, ur timing is impeccable, i was just thinking about calling a financial advisor too!.. Wow! 🙏

  • @kckuc310
    @kckuc310 15 дней назад

    Very good video!

  • @brian7110
    @brian7110 16 дней назад +6

    Yes please explain the SBLOC! Thank you!

  • @isaacchavez7121
    @isaacchavez7121 15 дней назад +1

    Definitely want to know why you didn’t go with the security backed loan

  • @glyeki
    @glyeki 15 дней назад

    So glad we took your financial course years ago guys! You gave us the skills to be able to create and navigate our portfolio without a Financial Advisor and laugh at the few we have had to talk to while experiencing these same tactics. Knowledge is Power!

  • @Corioles29423
    @Corioles29423 15 дней назад +1

    I want to manage my own investment, but how do I manage the capital gains tax?

  • @sonja8942
    @sonja8942 15 дней назад

    Very interested in why you decided not to go to the securities backed loan for real estate purchase. Also is the purchase of your 3 other properties primarily to rent them out or is it to sell them at a profit after improving them?

  • @sonja8942
    @sonja8942 15 дней назад +1

    Is there a cost for your course in financial “know how investing”?

  • @radishfever
    @radishfever 16 дней назад +10

    I would listen to a video about securities backed loans. 👍