Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Evelyn Infurna can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
I know of people who, because of layoffs, have liquidated their IRA/401(k)’s just to survive those times, then they go into retirement with only Social Security and are for forced back to work to supplement their retirement income. Not an enviable situation. This is why one needs money saved outside of tax-deferred savings.
Josh, you took a 401K loan for a depreciating asset? You had 2 loans at the time? Missing out on company match? (Assuming by paying off the loan, you weren’t contributing to get the match for a few years), plus missing out on interest with the ($50k?) hole you dug in your portfolio? Trying to wrap my head around the correctness of this.
You still contribute even while borrowing from 401k. If borrow rates are high, it might make sense cause you pay the interest like you would a traditional loan, and if the market is slow you might even beat the market for some of the time you are paying off the loan
Ok, no. I would not recommend a 401k loan. I took one out a few years ago. I was looking at a “major” purchase which I didn’t end up going through with. I ended up holding the money as cushion for repairs to a house my mom left us. Never actually dipped into it and have been paying it back into the 401k. At the time I took out the loan I didn’t think the market would continue on its path so I figured by using it I wouldn’t take a large hit on gains. Well, I was WAY off on that, and over the past 3.5 years that investment has had phenomenal growth. The only positive is that I have effectively been dollar cost averaging back into the market. I won’t be doing it again.
The max 401k loan limit is $50k. If you have a million in the account it probably doesn't matter all that much if you borrow. But it definitely matters if your balance is not much more than $100k.
I don't understand the alarmist. People are free to withdraw from retirement monies when they want to. Maybe they put too much in, maybe they have an unusual need. Anyway they are free to make a mistake now and then anyway. Some of us do. I don't see enough evidence there to justify writing an article about it. If we run out of money we will adjust and move back to the Philippines and live on $1200 a month, or maybe to Oklahoma and live on $2,000 and have Medicare, probably a better financial decision.. Humans are resourceful in most cases.
FYI - Maybe will help with your video 'experiment'. Whenever I see 'repost' on your videos I never watch them as I assume I've already seen it, maybe with a different title or something. Am I wrong?
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she 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.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Evelyn Infurna can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
I heard her strategies are really good, How do I reach your Coach/mentor.
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Well the name is 'Evelyn Infurna'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Use her name to quickly conduct an internet search.
I know of people who, because of layoffs, have liquidated their IRA/401(k)’s just to survive those times, then they go into retirement with only Social Security and are for forced back to work to supplement their retirement income. Not an enviable situation. This is why one needs money saved outside of tax-deferred savings.
Josh, you took a 401K loan for a depreciating asset? You had 2 loans at the time? Missing out on company match? (Assuming by paying off the loan, you weren’t contributing to get the match for a few years), plus missing out on interest with the ($50k?) hole you dug in your portfolio? Trying to wrap my head around the correctness of this.
You still contribute even while borrowing from 401k. If borrow rates are high, it might make sense cause you pay the interest like you would a traditional loan, and if the market is slow you might even beat the market for some of the time you are paying off the loan
Those who don't have enough income in retirement are more apt to rob from their accounts...basic math!
Buy low,sell lower,been there done thatLOL.
Ok, no. I would not recommend a 401k loan. I took one out a few years ago. I was looking at a “major” purchase which I didn’t end up going through with. I ended up holding the money as cushion for repairs to a house my mom left us. Never actually dipped into it and have been paying it back into the 401k. At the time I took out the loan I didn’t think the market would continue on its path so I figured by using it I wouldn’t take a large hit on gains. Well, I was WAY off on that, and over the past 3.5 years that investment has had phenomenal growth. The only positive is that I have effectively been dollar cost averaging back into the market. I won’t be doing it again.
The max 401k loan limit is $50k. If you have a million in the account it probably doesn't matter all that much if you borrow. But it definitely matters if your balance is not much more than $100k.
I don't understand the alarmist. People are free to withdraw from retirement monies when they want to. Maybe they put too much in, maybe they have an unusual need. Anyway they are free to make a mistake now and then anyway. Some of us do. I don't see enough evidence there to justify writing an article about it. If we run out of money we will adjust and move back to the Philippines and live on $1200 a month, or maybe to Oklahoma and live on $2,000 and have Medicare, probably a better financial decision.. Humans are resourceful in most cases.
I used to think I had a favorite ❤ I love them all
FYI - Maybe will help with your video 'experiment'. Whenever I see 'repost' on your videos I never watch them as I assume I've already seen it, maybe with a different title or something. Am I wrong?
I borrow from my 457 to invest for better retuns.Happy investing/stacking
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she 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.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work.. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
look up her name on the web for her website.
Great insulation goes a long ways!