I've heard that index funds and ETFs provide diversified stock market exposure while spreading risk. I have over $800K in savings; What's the most effective strategy to allocate funds in my portfolio and generate profits?
Yes, there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
I’m 61 years old and carrying $98,000 in debt, $45,000 in credit cards, $20,000 on a car loan, $18,000 in personal loans, $15,000 from a failed business venture. I’m seeking guidance should I tackle high-interest debts first or smaller balances for momentum? How can I negotiate with creditors to ease the burden?
I optimized my retirement accounts, rolling over old 401(k)s into an IRA, diversified across asset classes and and use low cost index fund. Now I'm exploring dividend paying stock for income
You guys look like you know what you are doing. Please l'm plan on retiring next year with $800K. Any advice on how to implement your strategies to maximize it on retirement ?
As a beginner, access to reliable information is vital to succeed, so also is professional guidance. That's where a CFP comes in. Have you considered working with one?
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
Seriously? This dude spends $30-$35k less than his income, is asking for investing advice, and you basically call him a loser with no career? This guy is a winner looking to learn about investing and you shit all over him. Dave should be ashamed. For this guy, I would say 90% S&P, 10% crypto since he's obviously interested in it. Also, check out the money guy show. Better for wealth building and they won't judge you like Dave.
Exactly! It's not about how much you make a year, but how much you keep during that year. Someone who makes 200k a year but spends 240k a year is not rich.
@@emoney1231 Dave can't recommend it but damn he's jealous knowing a friend suggested dropping 100K into Bitcoin ten years ago and it worked for that other guy. 😂
The Ramsey network process works, what they never tell you here is (and I understand why) is there are other ways to get wealthy. Ramsey gives you the least riskiest way to do it, 15% of your income in the growth mutual funds for 30 years. It works, coupled with his living debt free plan it is highly effective. You can also leverage property to purchase more property to flip for profit. You can invest in commodities (which is all crypto is really at its core), you can do currency trading as well. These all have risk associated with it, and like most things in life higher risk can mean higher reward or higher loss. The key component is are you risking income you can afford to lose? You will never get that kind of honest discourse from a Ramsey personality, they are rigid because any deviation from their narrative hurts their business model.
Or you know a PROVEN business model and tunnel to wealth. I can pan for gold, might get lucky might now. Or I can start a lemonade stand and earn some income and save it. 1 of these two above has a 99.99% of making you money, the other has less than a 5% chance. Do this over 30 years. Now one has had time to grow the other MIGHT have struck big. Or not.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also 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.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
@@janetchang1527 ETFs are fine in a taxable brokerage account. It’s hard to beat the expense ratio of FXAIX. I generally don’t prefer ETFs because there’s an always a spread when buying AND selling.
Bitcoin is a commodity. Dave also fails to mentions the hundred of millionaire/billionaires that said they believe in bitcoins future, look at its track record. There is nothing that implies that record qill not conitnue the next 15 years
A millionaire or billionaire saying something means less than nothing. Those guys would gladly lie to you and step all over you to steal your last buck. Bitcoin may or not be great, but “a billionaire said” is a horrible argument.
Very well articulated; I wish I had more time for trial and error, but I'll be 56 next year and I need ideas and advice on what investments to make to set myself up for retirement, especially with the looming inflation and recession; my goal is to have a portfolio of at least $850k at the age of 60.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...
You still got time. Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $340K during this dip, that made it clear there's more to the market that we average joes don't know.
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have?
I operate a wide- range of investments with help from my Financial Advisor. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Deborah Ann Alice has been an amazing experience.
I know Deborah ann Alice. as a popular crypto experts' people talk about, her transparency in the crypto community speaks for her, I attended her seminar in Brisbane last year.
Mrs Deborah Ann Alice is the best expert trader I have seen on a certified broker, I've invested with her for years. Profits are secured and over a 100 percent return on investment. Everyone she processes his or her trade is so lucky.
Goodness gracious,I can't believe you are talking about Ms Deborah Alice. After watching so many RUclips tutorials videos about trading I was still making losses not until I met this Ms Deborah Alice, she's definitely a pro.
@@cassnate6259 if you play russian roulette and you win, it was still a stupid decision and he'd have been right to advise against it. Good outcome != good decision
Trump doesn’t even know what bitcoin is. He might say he’s “on it” but when was asked about it in an interview it was clear he had no friggin clue what it even means
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I've been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don't know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye-sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Caroline Suzan Olson is the licensed FA I use. Just google the name. You'd find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Glad to have stumbled upon this, I curiously inputted "Caroline Suzan Olson" on the web, easily spotted her consulting page, and was able to schedule a call session with her; she seems highly professional from her resumé.
After being down in the dumps for almost two years prior. That's the problem with volatility. How many people jumped off at $40k, and how many are buying in now that it's at an all-time high? Not saying it won't still go up, but at this point, that's gambling with Bitcoin's track record.
@@rhaythe if not trading and trying to jump in and out, why care? Dave said the same thing at the 2013 top of $1200, the 2017 top of $20k, and the 2021 top of $69k. You can buy every top in it's history and still be up substantially over time given that you held and played the long term (just like Dave's mutual fund strategy). No different. Don't try to time it. DCA over the long term just like Dave says. Just use a different asset class and/or diversify.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k last year 2023, God bless America ❤️🇺🇲
YES!!! That's exactly her name (Kate Elizabeth Becherer) so many people have recommended highly about her and am just starting with her Brisbane Australia🇭🇲
I've bought and sold BTC a few times. Never lost money. Never risked more than I was willing to lose either. This subject sure does make Dave grumpy though
Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
Making touch with financial advisors like Elizabeth Regina Nelsen who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Elizabeth Regina Nelsen has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.
I'm cautious about FOMO and the potential of a tulip mania scenario. What are the most effective strategies to diversify my $500k portfolio. it needs managing and i'm too busy to follow market trends.
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
Could you provide information about your advisor? I'm interested in using my boosted cash flow to invest in stocks and alternative assets to meet my financial objectives.
1. Institutional Backing: Companies like BlackRock and Bank of America invest in crypto, proving its legitimacy. 2. Influential Support: Figures like Michael Saylor and Donald Trump endorse cryptocurrency, highlighting its potential. 3. Top Performer: Bitcoin has been the biggest gainer in the last 12 years, outperforming traditional investments. 4. Real Utility: Cryptocurrencies enable fast, low-cost international payments and support AI applications. 5. Key Use Cases: - Ethereum (ETH): Smart contracts and dApps. - Ripple (XRP): Fast international payments. - Litecoin (LTC): Quick transactions. - Chainlink (LINK): Data connections for smart contracts. - Cardano (ADA): Sustainable blockchain for dApps. - Polkadot (DOT): Interoperability between blockchains. - Stellar (XLM): Remittances and cross-border payments. - Uniswap (UNI): Decentralized trading. DAVE HASNT GOTTA CLUE
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area. Thanks so much Charlotte Grace Miller.
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
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 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
The problem is both of you are looking at the graph in hind sight. Bitcoin is vaporware. Its completely imaginary. Your buying stock on someone's imaginary stamp collection. Thats what you're investing in. That isn't an exaggeration. Its exactly what bit coin is. A group hallucination. There was no reason to think it would be as successful as it is. It should have completely failed. Thats the reality. The fact that it didn't fail YET is interesting. And it certainly says something about it. But my point is you can't look back at the graph like that. The trap your falling into is market timing. By the time you see the graph looks good and you should invest. You're already too late. The advise to not invest back then was correct. The fact that some people did well is probabilistic only.
@@jimmymcgill6778 Just because someone wins the lottery every week does not mean that is a realistic way to build wealth. Dave always talks about the "most likely way to build wealth". Steady is the most sure way to build sustainable wealth.
The biggest issue Dave doesn't understand is crypto isn't a currency but a technology. That's like saying I deny a proxy of purchasing the internet. It's nonsensical to turn it down.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@pelhamlucas However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
What an incredibly rude response from Dave. Hopefully the listener takes this into consideration when thinking about what sources he chooses to listen to.
Yeah that’s possible, with Maria Frances Hanlon , I've come to the conclusion that financially anything is possible. I got my self my dream car 🚗 just last weekend and a whooping $320k biweekly profits
After I raised up to 825k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for loans we got from the mortgage company . Glory to God.shalom.
@ImGairBair The stock market goes up due to corporate profits, not inflation. Stocks can be an effective inflation hedge over the long term, but that doesn't mean inflation is what causes their growth in value. In fact, the stock market often goes down in really bad inflation years (e.g. 2022).
@ yep. but that’s not why investing in assets is a guarantee. It’s because of inflation. which is baked into the system. this isn’t debatable. it’s a rigged game. as long as a company owns assets then the value of that company will go up as long as inflation exists. so if you just invest in an index fund that matches the S&P 500 you will make money unless America completely fails. and if you’re telling me you believe America will fail in the near future then there’s no point in saving your money in a bank (instead of “gambling” it by investing) either
I agree with Dave's take on crypto. But there is a very important distinction that needs to be made between crypto and Bitcoin. Eventually Dave will come around and understand it. Bitcoin actually aligns VERY well with his values and philosophies. Unfortunately, as Michael Saylor says, it's on a "need to know" basis. And Dave/Buffet are already very wealthy and don't "need" to know. Put in the work Ramsey team!
They don't care to know. George did a silly experiment a couple of years ago where he bought crypto. The crypto was DOGE and he sold it quickly when it declined. He was trying to illustrate that it's a bad investment. Had he bought BTC and held it he'd be up 3 to 5x right now.
He knows more than you think. He just said the truth about it. It is pure speculation. Noone uses cryptocurrency for trade even. RIght now it is just casino for poor. But it is not forbidden to play it, let's just be honest.
@@RafalTraveler with multiple wealthy public companies buying BTC I wouldn't say that it's the poors casino. All the other cryptos, are a casino for the poors
@@vandrewsan Companies are also leasing cars and taking loans from people when banks are not giving them loans anymore. It does not make crypto "an investment". I am not saying people, including me, are not buing in in hope for gain (an only ONLY that) just let's be honest and call it a speculation.
Dave’s partner stated that Crypto has no utility. This is not necessarily true for all. Many cryptocurrencies have significant utility use cases and being adopted by financial institutions. Many digital assets (cryptocurrencies) cannot be diluted and are being backed by gold, real estate, and other physical assets. At some point in the future, Dave will need to reassess his stance as the financial banking systems evolve and adopt digital technologies.
Unfortunately, by then, Dave would've caused so many folks to be broke and behind in accumulating wealth early. Crypto is the new asset class, and if you don't start researching and investing in crypto now, you'll be left out.
1. Institutional Backing: Companies like BlackRock and Bank of America invest in crypto, proving its legitimacy. 2. Influential Support: Figures like Michael Saylor and Donald Trump endorse cryptocurrency, highlighting its potential. 3. Top Performer: Bitcoin has been the biggest gainer in the last 12 years, outperforming traditional investments. 4. Real Utility: Cryptocurrencies enable fast, low-cost international payments and support AI applications. 5. Key Use Cases: - Ethereum (ETH): Smart contracts and dApps. - Ripple (XRP): Fast international payments. - Litecoin (LTC): Quick transactions. - Chainlink (LINK): Data connections for smart contracts. - Cardano (ADA): Sustainable blockchain for dApps. - Polkadot (DOT): Interoperability between blockchains. - Stellar (XLM): Remittances and cross-border payments. - Uniswap (UNI): Decentralized trading. DAVE HASNT GOTTA CLUE
Why put the caller down? “You serve tables. "I live in Switzerland and summer in Australia", oh brother”. What’s wrong with spending time in places you love? And he’s saving and investing over $30k annually while living that lifestyle, more than a lot of people with what you would consider “real” careers. Come on grandpa, there are alternative ways to live life than to grind it out at the factory and pop out a kid per year.
From $30K to $709K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family...🚀🌙💯
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, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I think that the answer to the caller's question is to sell off your crypto and invest into a low-fee diversified portfolio of global stocks. Then invest more into that each month. You want to be global because the concentration of high-P/E stocks in the S&P 500 right now suggests that the S&P 500 itself will be dragged down while other markets (domestic and foreign) rally.
There is risk in everything but would you rather bet your house on 500 established accompanies with decades of success or a hyped up currency that may never become a commodity which could lead bitcoin back to 0. It’s a 80% chance that apple, etc will be around 10 years from now but it’s a coin flip if crypto will
@@SocialShock you realize that the market doesn't go up every year right? If you follow Dave's advice and the market tanks your first few years of retirement, you're pretty much SOL
Just swapped all of my last ETH and swapped it into XAI600K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Depends on your finances . 1000$ in XAI600K is 4000 XAI600K if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
Thank you so much for this amazing video! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
I love Dave but his lack of evolution or desire to understand the value proposition of cryptography is mind boggling. I’ve spent the last 3+ years using decentralized exchanges , lending and borrowing protocols, and many more permission-less systems. I understand that volatility is not a preferred Ramsey way of investing but with a new asset class that is unfortunately the outcome. My biggest issue with the response is that he simply calls it a scam and ponzi. Some of the brightest minds/developers exist in the space building real products and companies like blackrock and ark invest understand the potential value proposition.
Letter: How should I diversify? What should I do since I'm currently investing in crypto. Papa: Goes 100% nuts on crypto with not answering his question asking how to diversify while making fun "you serve tables", etc. 😅
@@jimmymcgill6778 he has some grasp of crypto. it's the crypto bros who dont understand crypto and only understand dollar signs. wealthy people understand how money is made, crypto bros only understand rug pulls and crypto scams. in general, crypto doesnt have utility. you can spend money on a house and live in it, you spend money on crypto and... nothing happens. you cant pay bills with it, very few if any businesses accept crypto as a form of payment. so right now, crypto only exists within it's own bubble with no reason to gain value other on pure speculation. as for warren buffet, he does what is best for him. He can read business spreadsheets and income/expense reports. He can see a good business venture on paper, so he knows where money can be made. For him, he doesnt currently see any utility for crypto and doesnt invest purely on speculation. He avoids "maybe one day" and only invests what is happening in the current reality.
I don't invest in crypto currency for one simple reason, it relies 100% on a specific math problem being hard to solve. All it will take is someone to have an ah-ha moment, or a breakthrough in quantum computing, or a vulnerability in the algorithm being discovered, and your crypto currency is worth precisely $0 in a matter of minutes. You won't even be able to prove you "own" your currency when that happens. That being said, I mined it back when it was still feasible to do with commodity hardware and I've bought more than a few toys and paid for several vacations with what I mined. But, I never put anything more than electricity on machines I run 24/7 anyway into it. I'll never put any of my actual money into it because you're buying a number that instantly becomes worthless when the next math nerd figures out a clever solution for an otherwise hard problem.
If that scenario plays out, hacking Bitcoin will be the least of the problems the world faces. Think the entire worlds banking system being hacked. Or county's nuclear codes... Etc.
@@Lamski3 If quantum computing can reliably crack all the common encryption algorithms then yeah, it's going to be cataclysmic. But in that scenario we'll at least have states working to recover and transaction records at banks might be able to establish asset ownership. The transaction record for crypto currencies (block chain) is itself completely invalidated if the algorithm or it's implementation is cracked. If you have $100k in bitcoin you're essentially betting that someone as a hobby wrote very complex software that is 100% bug-free. I lack confidence in such an assertion.
You may not know that the odds of guessing a private key to pair with a public key is the equivalent of picking one specific atom in the known universe.
@@vandrewsan I'm quite aware. I'm also aware that we've been through many "secure" algorithms since the 90's because of implementation flaws or computing power getting to the point brute forcing becomes possible.
You can be high risk by investing in individual companies that might grow faster than the market. If you believe in their potential, it's high risk high reward. Or investing in less companies than the S and P overall and hand picking stocks.
He’s wrong and he’s right about crypto, a large majority of coins serve no purpose. But coins like BTC, ETH, SOL have built platforms and networks for their coins to be used and they will only continue to grow in the future.
I respect Dave, and anybody that broke the cycle and found financial freedom. But not buying all the crypto in the world for $5 is flat-out STUPID. Considereing that would make you the richest person who ever existed.
He's asking how to diversify, gets a rambling lecture instead. Clearly he knows all the "wisdom" you're spouting, that's why he's asking the question. Jesus.
He's unhappy he sold his btc at 16usdt and now it's over 100k. Nation stated are buying into crypto. It's literally riskier not doing anything than doing something at this point.
I’m seeing the new administration are crypto proponents, and now some other countries are looking at cryptocurrency. Not saying to splurge on crypto, but more and more people including big businesses and slowing looking into cryptocurrency. I think crypto is here to stay.
From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family...❤️💯
I'm celebrating a $309k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
Nice video. Not a criticism, I enjoy your insights. I tend to think prices could go higher if XAI600K rockets. But understand the logic for sandbagging estimates. My opinion is XAI600K breaks 1, perhaps reaches 10 ATH, if conditions are right. But broader forces are at play now. We’re moving into really unknown territory. And these entities are shrewd. I think there’s massive manipulation ahead. If XAI600K survives that, well, we’re likely in for a good pump.
I have monthly investment goal. I have a small amount of money that totals to 18 months of investments. Should I invest them at once or split them into monthly payments?
I think Dave thinks that a waiter in Switzerland survives on tips. This is Europe… no education fees, no health bills and no tips, this guy has a salary. On top of the lifestyle, saving 35.000 a year is damn good. The only thing Dave hits the nail in the head is about crypto…
To be fair, he could theoretically make that work, as long as hes ACTUALLY saving $34,000 per year and investing it for 6 to 7 years. With a conservative fund in 6 years, he could theoretically make $1k to $1,200 per month, and if he hits great 6 or 7 year run in moderate to agfressive growth funds, following some rebalancing, he could theoretically make $1,500 to $2,000 per month without ever going to work. That coild provide a solid foudnation for a serious career to build on for mid life and beyond. Its a better strategy, I think. But it requires absolutely zero debt and saving at least $34,000 per year like he said for 6 to 7 years.
A server saving $35,000 a year is a pretty aggressive investor to me. The way Dave talked about being a server, made it sound like being a server wasn't honest work.
How is this guy wrong? This guy's opinion is not wrong. Dave is not always right. Sometimes his opinions are wrong. The only thing he said is that he have some crypto. He's asking how to diversify. And Dave start's yelling and blaming him. For no reason. What happened to have the hearth of a teacher? Dave loves to go off on things he knows nothing about.
He told him to sell it all and how to invest it. You hear what you want to hear and what hurts your feelings. He yells on guys stupidity not at the guy.
so i'm not the biggest BTC fan, and i understand why they quoted buffett. buffett feels similarly about gold as he does BTC, because they don't generate cash flows. with that being said, having some BTC exposure isn't that bad, and there are other ways to be aggressive investors without as much risk. you could make a portfolio of about 10 positions and manage it yourself and you could generate alpha if you're not interested in just buying SPY. with that being said, why feel the need to insult what he does for a living, considering the fact that he does apparently having 30ish thousand a year to invest?
Shaming his job was totally unnecessary. He is saving $30k/year while traveling the world. Sounds like a win to me. Just because he doesn't sit in a cubicle with a fancy job title doesn't mean his choice of work is invalid. Job titles won't make you rich. Saving money makes you rich, and he seems to be good at that while plenty of people with fancy job titles save nothing. Sure, his investing strategy sucks, but there is no reason why he should get another career if he is happy with what he's doing. A lawyer that saves $30k/year and a waiter that saves $30k/year are building wealth at exactly the same rate, and Dave thinks one is worse than the other. It's not.
@@vandrewsan micro strategy is leveraged. How do you think they purchase so much bitcoin. It’s not from their revenue… they raise money by issuing convertible bonds. Their bitcoin allocation is purchased with debt. What they do have going for them is that the debt is not callable and extremely low interest.
The biggest problem with get rich quick is if they win the first time and think they can repeat it. They make 100% in 1 week with $1,000. Then they invest $2,000 and it starts to do down, but their ego will not admit it was a mistake, so they invest more. Finally, they realize they have invested $10,000 and have lost 50%. If they are married, they normally try to hide the lost and make it up on the next even more risky investment. Not a good plan for building wealth.
The Stock market is make up of all kinds of individual stocks. Some are high risk some are low risk. If you try to get rich quick using stocks then you are investing in high risk stocks. But if you are willing to invest in the broad stock market you will do well over time. Most people I know who have built wealth invested in S&P 500 mutual funds and did not sell every time the market dropped. After all the S&P 500 has averaged about 10% per year over the past 40 years. Yes some years the S&P has dropped but after 10 years it is always higher. You just need to be patient and not sell when the market is down. But for people who are trying to get rich quick patience is not something they can handle. Building wealth is a 30 to 40 year lifestyle.
Being in the discord and starting trading is literally changing my life I'm starting with $5,000 account but I got it to $40,600 in one week! Not a lot money but that's a very big growth for me.🚀🚀🔥🔥
😂 Blackrock, Fidelity, Trump and his whole team, multiple states, all own or are purchasing crypto. Wisconsin, my state, bought 160million worth of BTC in march. I've dollar cost averaged 23k into crypto the past 3 years and I'm sitting at 90k. No one is listening to you on this one Dave 🤦♂️
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I've heard that index funds and ETFs provide diversified stock market exposure while spreading risk. I have over $800K in savings; What's the most effective strategy to allocate funds in my portfolio and generate profits?
Yes, there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
May I know the name of the advsor who has been assisting you, please?
She's known as ‘Stacy Lynn Staples’. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
I’m 61 years old and carrying $98,000 in debt, $45,000 in credit cards, $20,000 on a car loan, $18,000 in personal loans, $15,000 from a failed business venture. I’m seeking guidance should I tackle high-interest debts first or smaller balances for momentum? How can I negotiate with creditors to ease the burden?
I optimized my retirement accounts, rolling over old 401(k)s into an IRA, diversified across asset classes and and use low cost index fund. Now I'm exploring dividend paying stock for income
With my retirement funds of $980k, l've started exploring catch up contributions and automated my transfers to make saving easier
You guys look like you know what you are doing.
Please l'm plan on retiring next year with $800K.
Any advice on how to implement your strategies to maximize it on retirement ?
As a beginner, access to reliable information is vital to succeed, so also is professional guidance.
That's where a CFP comes in. Have you considered working with one?
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
Seriously? This dude spends $30-$35k less than his income, is asking for investing advice, and you basically call him a loser with no career? This guy is a winner looking to learn about investing and you shit all over him. Dave should be ashamed. For this guy, I would say 90% S&P, 10% crypto since he's obviously interested in it. Also, check out the money guy show. Better for wealth building and they won't judge you like Dave.
Exactly! It's not about how much you make a year, but how much you keep during that year. Someone who makes 200k a year but spends 240k a year is not rich.
Yes but he asked Dave.
@@emoney1231 Dave can't recommend it but damn he's jealous knowing a friend suggested dropping 100K into Bitcoin ten years ago and it worked for that other guy. 😂
@@matyasfegyver2898 He asked about diversifying, not whether he approves about his job choices.
@@matyasfegyver2898yes but he didn't get an answer but a rambling lecture from Dave.
The Ramsey network process works, what they never tell you here is (and I understand why) is there are other ways to get wealthy. Ramsey gives you the least riskiest way to do it, 15% of your income in the growth mutual funds for 30 years. It works, coupled with his living debt free plan it is highly effective. You can also leverage property to purchase more property to flip for profit. You can invest in commodities (which is all crypto is really at its core), you can do currency trading as well. These all have risk associated with it, and like most things in life higher risk can mean higher reward or higher loss. The key component is are you risking income you can afford to lose? You will never get that kind of honest discourse from a Ramsey personality, they are rigid because any deviation from their narrative hurts their business model.
👏👏
Perfectly explained!
Yup, Dave is great on debt and horrible on investing.
Or you know a PROVEN business model and tunnel to wealth.
I can pan for gold, might get lucky might now. Or I can start a lemonade stand and earn some income and save it.
1 of these two above has a 99.99% of making you money, the other has less than a 5% chance. Do this over 30 years. Now one has had time to grow the other MIGHT have struck big. Or not.
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in October 2024
Oh so you 10xed in 2 months based on Ramsey's advice? Cool.
I would really love to know how much work you did put in to get to this stage
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also 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.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
S&P 500 or total stock market index funds all the way! Don't ever buy an active fund!
Yeah go for Fidelity FXAIX. Mutual funds are outdated and their fees suck compared to MF.
@@TheMarc388 Yes, that's the ticker I use. Technically, it's an index mutual fund, but it's passive, not active. It's not actually an ETF.
Yes VTI, VT, SP500 etf is the way to go ~
@@janetchang1527 ETFs are fine in a taxable brokerage account. It’s hard to beat the expense ratio of FXAIX. I generally don’t prefer ETFs because there’s an always a spread when buying AND selling.
Bitcoin is a commodity. Dave also fails to mentions the hundred of millionaire/billionaires that said they believe in bitcoins future, look at its track record. There is nothing that implies that record qill not conitnue the next 15 years
A millionaire or billionaire saying something means less than nothing. Those guys would gladly lie to you and step all over you to steal your last buck. Bitcoin may or not be great, but “a billionaire said” is a horrible argument.
@@TonyCox1351Well, that was incredibly wrong. Lol
@@TonyCox1351Are you a billionaire?
@@matyasfegyver2898 Closer to it than you are im sure
@@VGHSyntheticOrchestra Lol @ this bootlicker thinks the 1% would never lie to him 😂
Very well articulated; I wish I had more time for trial and error, but I'll be 56 next year and I need ideas and advice on what investments to make to set myself up for retirement, especially with the looming inflation and recession; my goal is to have a portfolio of at least $850k at the age of 60.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts...
You still got time. Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $340K during this dip, that made it clear there's more to the market that we average joes don't know.
If you don't mind, how can I get in touch with your consultant? I'm almost wrecked to say the least.
Can't divulge much, ‘’Sophia Nadene Morgan’’ preferably, {you can look up the name on the web, her qualifications speak for itself.
Thanks for sharing. I searched her full name and found her website instantly. After reviewing her credentials and conducting due diligence, I reached out to her.
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have?
I operate a wide- range of investments with help from my Financial Advisor. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Deborah Ann Alice has been an amazing experience.
I know Deborah ann Alice. as a popular crypto experts' people talk about, her transparency in the crypto community speaks for her, I attended her seminar in Brisbane last year.
Mrs Deborah Ann Alice is the best expert trader I have seen on a certified broker, I've invested with her for years. Profits are secured and over a 100 percent return on investment. Everyone she processes his or her trade is so lucky.
Goodness gracious,I can't believe you are talking about Ms Deborah Alice. After watching so many RUclips tutorials videos about trading I was still making losses not until I met this Ms Deborah Alice, she's definitely a pro.
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
Bitcoin is a commodity Dave 😂 stop it with the Iraqi diner analogy
not the best commodity
Dave told a caller BTC was a scam when it was 1000 per coin in 2014. It's 100k now. Even Trump is on it now.
You might win huge or you might lose huge. Or some have already done both. It's a high risk high reward strategy, plain and simple.
Because dave is stupid.
@@cassnate6259 if you play russian roulette and you win, it was still a stupid decision and he'd have been right to advise against it. Good outcome != good decision
Trump doesn’t even know what bitcoin is. He might say he’s “on it” but when was asked about it in an interview it was clear he had no friggin clue what it even means
Trump is among the smartest people on earth. If Trump is in, I'm getting in.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I've been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don't know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye-sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Caroline Suzan Olson is the licensed FA I use. Just google the name. You'd find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Glad to have stumbled upon this, I curiously inputted "Caroline Suzan Olson" on the web, easily spotted her consulting page, and was able to schedule a call session with her; she seems highly professional from her resumé.
Bitcoin
Preach
Isn’t it Summer in Australia at the same time it’s winter in Switzerland?
YES thank you, this is driving me nuts, I don’t understand 😂
He also spends summers in Switzerland and winters in Australia....I think he has cloned himself
BTC is 101k. It's up 60k in 1 year.
What goes up will
go down either eventually
@@SocialShock and how are stocks any different?
After being down in the dumps for almost two years prior. That's the problem with volatility. How many people jumped off at $40k, and how many are buying in now that it's at an all-time high? Not saying it won't still go up, but at this point, that's gambling with Bitcoin's track record.
Theyre way way more stable. Way less risk. 10% crash rate vs a 25% crash rate last time i compared them@@Jobs92742
@@rhaythe if not trading and trying to jump in and out, why care? Dave said the same thing at the 2013 top of $1200, the 2017 top of $20k, and the 2021 top of $69k. You can buy every top in it's history and still be up substantially over time given that you held and played the long term (just like Dave's mutual fund strategy). No different. Don't try to time it. DCA over the long term just like Dave says. Just use a different asset class and/or diversify.
Imagine all the wealth Dave’s audience missed out on from listening to his anti-crypto stance over the years
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k last year 2023, God bless America ❤️🇺🇲
Excuse me for real?, how is that possible I have struggling financially, how was that possible?
Thanks to my co-worker whom God used to give a great opportunity of crossing paths with 'Mrs KATE ELIZABETH BECHERER'.
She's a licensed broker here in the states🇺🇲 and finance advisor.
YES!!! That's exactly her name (Kate Elizabeth Becherer) so many people have recommended highly about her and am just starting with her Brisbane Australia🇭🇲
I have heard a lot of wonderful things about Kate Elizabeth Becherer on the news but didn't believe it until now. I'm definitely trying her out
Dave stop it. Bitcoin is at 100k right now
So many people could have gotten rich but you told them it was a bad idea
Ramsey team can we get Dave and Saylor to do a one hour sit down face to face interview please.
I've bought and sold BTC a few times. Never lost money. Never risked more than I was willing to lose either. This subject sure does make Dave grumpy though
If your not risking Money you can’t afford to loose, you won’t sell the dips. It’s not that hard.
Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
wow this awesome I'm 47 and have been looking for ways to be successful, please how??
Making touch with financial advisors like Elizabeth Regina Nelsen who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Thanks to Mrs. Elizabeth Regina Nelsen's time in my life, which had a profound impact on me.
Elizabeth Regina Nelsen has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.
I'm cautious about FOMO and the potential of a tulip mania scenario. What are the most effective strategies to diversify my $500k portfolio. it needs managing and i'm too busy to follow market trends.
it's recommended to engage with a genuine market strategist to prevent errors and sustain consistent gains.
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
Could you provide information about your advisor? I'm interested in using my boosted cash flow to invest in stocks and alternative assets to meet my financial objectives.
Victoria Louisa Saylor is the licensed advisor I use. Just search the name. You’d find necessary details to work with 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.
steady, long - term investing is always the most sustainable method, rather than diving into high - risk financial products like crypto.
1. Institutional Backing: Companies like BlackRock and Bank of America invest in crypto, proving its legitimacy.
2. Influential Support: Figures like Michael Saylor and Donald Trump endorse cryptocurrency, highlighting its potential.
3. Top Performer: Bitcoin has been the biggest gainer in the last 12 years, outperforming traditional investments.
4. Real Utility: Cryptocurrencies enable fast, low-cost international payments and support AI applications.
5. Key Use Cases:
- Ethereum (ETH): Smart contracts and dApps.
- Ripple (XRP): Fast international payments.
- Litecoin (LTC): Quick transactions.
- Chainlink (LINK): Data connections for smart contracts.
- Cardano (ADA): Sustainable blockchain for dApps.
- Polkadot (DOT): Interoperability between blockchains.
- Stellar (XLM): Remittances and cross-border payments.
- Uniswap (UNI): Decentralized trading.
DAVE HASNT GOTTA CLUE
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October
2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thanks so much Charlotte Grace Miller.
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
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'm new at this, please how can I reach her?
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
If you bought BTC 10 years ago when Ramsey told you not to, you would be setup for financial success today if you held.
If you invested 5k, at $5 each 15 years ago. You'll gave 101 million.
Dave would still somehow say it's a scam.
The problem is both of you are looking at the graph in hind sight. Bitcoin is vaporware. Its completely imaginary. Your buying stock on someone's imaginary stamp collection. Thats what you're investing in. That isn't an exaggeration. Its exactly what bit coin is. A group hallucination. There was no reason to think it would be as successful as it is. It should have completely failed.
Thats the reality. The fact that it didn't fail YET is interesting. And it certainly says something about it. But my point is you can't look back at the graph like that. The trap your falling into is market timing. By the time you see the graph looks good and you should invest. You're already too late. The advise to not invest back then was correct. The fact that some people did well is probabilistic only.
@@jimmymcgill6778 Just because someone wins the lottery every week does not mean that is a realistic way to build wealth. Dave always talks about the "most likely way to build wealth". Steady is the most sure way to build sustainable wealth.
How much did you buy 10 years ago and hold til today?
@@alexm260what does your question have to do with the fact they said?
Nice try Ramsey writers.
Yeah, feels like this was fake.
Georgie wrote this himself
The biggest issue Dave doesn't understand is crypto isn't a currency but a technology. That's like saying I deny a proxy of purchasing the internet. It's nonsensical to turn it down.
what part of "crypto currency" dont you get?
@rafallo1333 the blockchain technology solves 3 issues scalability, decentralization, and security. What am I missing?
@@press3395 maybe, but BTC itself has no inherent value. It's just a jar of dirt.
@@rafallo1333it is the internet of money. Few.
This is the most objective comment section ive ever seen on a Dave video
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@pelhamlucas However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Kendrawebb-m2f Oh please I’d love that. Thanks!.
@@pelhamlucas Suzanne Gladys Xander is her name .
Lookup with her name on the webpage.
What an incredibly rude response from Dave. Hopefully the listener takes this into consideration when thinking about what sources he chooses to listen to.
*$65k biweekly changed my mindset and behavior, my goals, my family and I've to say this video has inspired me a lot!!!!* ❤️
I'm feeling really motivated.
Could you share some details about the bi-weekly topic you brought up?
Yeah that’s possible, with Maria Frances Hanlon , I've come to the conclusion that financially anything is possible. I got my self my dream car 🚗 just last weekend and a whooping $320k biweekly profits
Wow 😱I know her too!
Mrs Maria Frances Hanlon is a remarkable individual whom has brought immense positivity and inspiration into my life.
After I raised up to 825k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for loans we got from the mortgage company . Glory to God.shalom.
I got started with a miserly $2000. The results have been mind blowing I must say TBH!!
“No gamble. No future.”
Interesting
It’s not gambling. The game is rigged. We know it will go up. Why? Inflation. Which is baked into our monetary system / supply.
@ImGairBair The stock market goes up due to corporate profits, not inflation. Stocks can be an effective inflation hedge over the long term, but that doesn't mean inflation is what causes their growth in value. In fact, the stock market often goes down in really bad inflation years (e.g. 2022).
@ yep. but that’s not why investing in assets is a guarantee. It’s because of inflation. which is baked into the system. this isn’t debatable. it’s a rigged game. as long as a company owns assets then the value of that company will go up as long as inflation exists. so if you just invest in an index fund that matches the S&P 500 you will make money unless America completely fails. and if you’re telling me you believe America will fail in the near future then there’s no point in saving your money in a bank (instead of “gambling” it by investing) either
I agree with Dave's take on crypto. But there is a very important distinction that needs to be made between crypto and Bitcoin. Eventually Dave will come around and understand it. Bitcoin actually aligns VERY well with his values and philosophies. Unfortunately, as Michael Saylor says, it's on a "need to know" basis. And Dave/Buffet are already very wealthy and don't "need" to know. Put in the work Ramsey team!
They don't care to know. George did a silly experiment a couple of years ago where he bought crypto. The crypto was DOGE and he sold it quickly when it declined. He was trying to illustrate that it's a bad investment. Had he bought BTC and held it he'd be up 3 to 5x right now.
He knows more than you think. He just said the truth about it. It is pure speculation. Noone uses cryptocurrency for trade even. RIght now it is just casino for poor. But it is not forbidden to play it, let's just be honest.
@@RafalTraveler with multiple wealthy public companies buying BTC I wouldn't say that it's the poors casino. All the other cryptos, are a casino for the poors
@@vandrewsan Companies are also leasing cars and taking loans from people when banks are not giving them loans anymore. It does not make crypto "an investment". I am not saying people, including me, are not buing in in hope for gain (an only ONLY that) just let's be honest and call it a speculation.
Dave’s partner stated that Crypto has no utility. This is not necessarily true for all. Many cryptocurrencies have significant utility use cases and being adopted by financial institutions. Many digital assets (cryptocurrencies) cannot be diluted and are being backed by gold, real estate, and other physical assets. At some point in the future, Dave will need to reassess his stance as the financial banking systems evolve and adopt digital technologies.
Unfortunately, by then, Dave would've caused so many folks to be broke and behind in accumulating wealth early. Crypto is the new asset class, and if you don't start researching and investing in crypto now, you'll be left out.
1. Institutional Backing: Companies like BlackRock and Bank of America invest in crypto, proving its legitimacy.
2. Influential Support: Figures like Michael Saylor and Donald Trump endorse cryptocurrency, highlighting its potential.
3. Top Performer: Bitcoin has been the biggest gainer in the last 12 years, outperforming traditional investments.
4. Real Utility: Cryptocurrencies enable fast, low-cost international payments and support AI applications.
5. Key Use Cases:
- Ethereum (ETH): Smart contracts and dApps.
- Ripple (XRP): Fast international payments.
- Litecoin (LTC): Quick transactions.
- Chainlink (LINK): Data connections for smart contracts.
- Cardano (ADA): Sustainable blockchain for dApps.
- Polkadot (DOT): Interoperability between blockchains.
- Stellar (XLM): Remittances and cross-border payments.
- Uniswap (UNI): Decentralized trading.
DAVE HASNT GOTTA CLUE
Why put the caller down? “You serve tables. "I live in Switzerland and summer in Australia", oh brother”. What’s wrong with spending time in places you love? And he’s saving and investing over $30k annually while living that lifestyle, more than a lot of people with what you would consider “real” careers. Come on grandpa, there are alternative ways to live life than to grind it out at the factory and pop out a kid per year.
From $30K to $709K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family...🚀🌙💯
Dave is wrong. If you actually understand the Bitcoin cycles you can invest wisely into crypto and Bitcoin.
Sounds like Dave is hating on this caller. smh
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, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
I think that the answer to the caller's question is to sell off your crypto and invest into a low-fee diversified portfolio of global stocks. Then invest more into that each month. You want to be global because the concentration of high-P/E stocks in the S&P 500 right now suggests that the S&P 500 itself will be dragged down while other markets (domestic and foreign) rally.
Just saw your videos and bought XAI600K yesterday.....its up 24% today talk about timing......Thanks
Why is he calling crypto fake?
Hit $367k today. I'm really grateful for all the knowledge and nuggets you have thrown my way over the last months.started with $10k in June 2022 🔥
I'm getting a huge "boomer" vibe from grampa Dave lately. He's well past his prime.
So apparently there's no risk in being 100% in stocks in retirement? On top of 8% withdrawal rates?
Right 😂 I’m up into six figures in my retirement accounts and can’t even touch them until I’m 60 something without penalties. Such a joke
There is risk in everything but would you rather bet your house on 500 established accompanies with decades of success or a hyped up currency that may never become a commodity which could lead bitcoin back to 0. It’s a 80% chance that apple, etc will be around 10 years from now but it’s a coin flip if crypto will
@@SocialShock8% withdrawal though?
@@SocialShock you realize that the market doesn't go up every year right? If you follow Dave's advice and the market tanks your first few years of retirement, you're pretty much SOL
@@lepoj If you follow Dave's advice, you retire at the age of 80 and it becomes a moot point.
Bitcoin is up over 120% this past year. Enough said!
Yes!
It's still junk.
Dave doesn’t know diddly squat about Bitcoin.
Not one person does.
Just swapped all of my last ETH and swapped it into XAI600K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Depends on your finances . 1000$ in XAI600K is 4000 XAI600K if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
Ramsey, et al. struggle with different world views (and I don't mean that in a libtarded way). It's entertaining to watch.
when dave calls a man honey...you are in trouble 🤣
Thank you so much for this amazing video! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Crypto is great, just don’t get greedy! Be happy with the 4-5x on BTC instead of looking for the 10-20x
I love Dave but his lack of evolution or desire to understand the value proposition of cryptography is mind boggling. I’ve spent the last 3+ years using decentralized exchanges , lending and borrowing protocols, and many more permission-less systems. I understand that volatility is not a preferred Ramsey way of investing but with a new asset class that is unfortunately the outcome. My biggest issue with the response is that he simply calls it a scam and ponzi. Some of the brightest minds/developers exist in the space building real products and companies like blackrock and ark invest understand the potential value proposition.
Gold and Silver is a great way to diversify your risk from the failing bond market and collapsing value of national fiat currencies.
Letter: How should I diversify? What should I do since I'm currently investing in crypto.
Papa: Goes 100% nuts on crypto with not answering his question asking how to diversify while making fun "you serve tables", etc. 😅
He always goes off on things he does not understand.
@@jimmymcgill6778 he has some grasp of crypto. it's the crypto bros who dont understand crypto and only understand dollar signs. wealthy people understand how money is made, crypto bros only understand rug pulls and crypto scams. in general, crypto doesnt have utility. you can spend money on a house and live in it, you spend money on crypto and... nothing happens. you cant pay bills with it, very few if any businesses accept crypto as a form of payment. so right now, crypto only exists within it's own bubble with no reason to gain value other on pure speculation.
as for warren buffet, he does what is best for him. He can read business spreadsheets and income/expense reports. He can see a good business venture on paper, so he knows where money can be made. For him, he doesnt currently see any utility for crypto and doesnt invest purely on speculation. He avoids "maybe one day" and only invests what is happening in the current reality.
Dave was a dick here.
I don't invest in crypto currency for one simple reason, it relies 100% on a specific math problem being hard to solve. All it will take is someone to have an ah-ha moment, or a breakthrough in quantum computing, or a vulnerability in the algorithm being discovered, and your crypto currency is worth precisely $0 in a matter of minutes. You won't even be able to prove you "own" your currency when that happens. That being said, I mined it back when it was still feasible to do with commodity hardware and I've bought more than a few toys and paid for several vacations with what I mined. But, I never put anything more than electricity on machines I run 24/7 anyway into it. I'll never put any of my actual money into it because you're buying a number that instantly becomes worthless when the next math nerd figures out a clever solution for an otherwise hard problem.
If that scenario plays out, hacking Bitcoin will be the least of the problems the world faces. Think the entire worlds banking system being hacked. Or county's nuclear codes... Etc.
Most people have no comprehension of what quantum computing is going to do to our world.
@@Lamski3 If quantum computing can reliably crack all the common encryption algorithms then yeah, it's going to be cataclysmic. But in that scenario we'll at least have states working to recover and transaction records at banks might be able to establish asset ownership. The transaction record for crypto currencies (block chain) is itself completely invalidated if the algorithm or it's implementation is cracked. If you have $100k in bitcoin you're essentially betting that someone as a hobby wrote very complex software that is 100% bug-free. I lack confidence in such an assertion.
You may not know that the odds of guessing a private key to pair with a public key is the equivalent of picking one specific atom in the known universe.
@@vandrewsan I'm quite aware. I'm also aware that we've been through many "secure" algorithms since the 90's because of implementation flaws or computing power getting to the point brute forcing becomes possible.
Do it. XAI600K already in my bags. I had a XAI600K after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.
You can be high risk by investing in individual companies that might grow faster than the market. If you believe in their potential, it's high risk high reward.
Or investing in less companies than the S and P overall and hand picking stocks.
He’s wrong and he’s right about crypto, a large majority of coins serve no purpose. But coins like BTC, ETH, SOL have built platforms and networks for their coins to be used and they will only continue to grow in the future.
I respect Dave, and anybody that broke the cycle and found financial freedom. But not buying all the crypto in the world for $5 is flat-out STUPID. Considereing that would make you the richest person who ever existed.
Slow and steady wins the race.
Bitcoin wins the race
@@ConradEaton Good luck with that.
@ I have already been in bitcoin since 8 k been retired for 2 years already
@@ConradEaton Retiring early is not a flex. It's actually quite sad.
@ what’s sad is being blind and a normie
He's asking how to diversify, gets a rambling lecture instead. Clearly he knows all the "wisdom" you're spouting, that's why he's asking the question. Jesus.
Dave is salty on Crypto 😂
He's unhappy he sold his btc at 16usdt and now it's over 100k. Nation stated are buying into crypto. It's literally riskier not doing anything than doing something at this point.
For someone so educated, Ramsey is showing his ignorance on a subject he knows nothing about 🤦🏽♂️
agreed on XAI600K 36-38x coming up
I’m seeing the new administration are crypto proponents, and now some other countries are looking at cryptocurrency. Not saying to splurge on crypto, but more and more people including big businesses and slowing looking into cryptocurrency. I think crypto is here to stay.
The importance of community governance in XAI600K cannot be overstated.
Getting rich slow definitely makes more sense.
You have time and chances to re-evaluate what you’re doing.
DIVIDEND PAYING STOCKS!!!
Pssst - Winter in Switzerland and summer in Australia are a common season. So now you know that this inquiry is BS.
You didn't answer his question.
From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family...❤️💯
I'm celebrating a $309k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
Congratulations 🥳🎉..... How can I make good profits as a beginner starting with $8,900? I'm clue on how the profit, my money just sitting there.
Finding yourself a good broker is the same as finding a good wife, where you get less stress,you get just enough with so much little effort at things.
For me I would say give Mr George a try and you will be happy you did
Yeah, 256k from Mr George Bryan , looking up to acquire a new House, blessings
you already know by the thumbnail
Nice video. Not a criticism, I enjoy your insights. I tend to think prices could go higher if XAI600K rockets. But understand the logic for sandbagging estimates. My opinion is XAI600K breaks 1, perhaps reaches 10 ATH, if conditions are right. But broader forces are at play now. We’re moving into really unknown territory. And these entities are shrewd. I think there’s massive manipulation ahead. If XAI600K survives that, well, we’re likely in for a good pump.
Well Dave, it's been working for some of my friends. And I am feeling major FOMO. Explain that please.
I have monthly investment goal. I have a small amount of money that totals to 18 months of investments. Should I invest them at once or split them into monthly payments?
I think Dave thinks that a waiter in Switzerland survives on tips. This is Europe… no education fees, no health bills and no tips, this guy has a salary. On top of the lifestyle, saving 35.000 a year is damn good. The only thing Dave hits the nail in the head is about crypto…
Where do you buy XAI600K?
80% TURBO 14% XAI600K 2% FLOKI 2%BONK 2%PEPE 🎉
To be fair, he could theoretically make that work, as long as hes ACTUALLY saving $34,000 per year and investing it for 6 to 7 years. With a conservative fund in 6 years, he could theoretically make $1k to $1,200 per month, and if he hits great 6 or 7 year run in moderate to agfressive growth funds, following some rebalancing, he could theoretically make $1,500 to $2,000 per month without ever going to work. That coild provide a solid foudnation for a serious career to build on for mid life and beyond. Its a better strategy, I think. But it requires absolutely zero debt and saving at least $34,000 per year like he said for 6 to 7 years.
A server saving $35,000 a year is a pretty aggressive investor to me. The way Dave talked about being a server, made it sound like being a server wasn't honest work.
How is this guy wrong? This guy's opinion is not wrong. Dave is not always right. Sometimes his opinions are wrong. The only thing he said is that he have some crypto.
He's asking how to diversify. And Dave start's yelling and blaming him. For no reason.
What happened to have the hearth of a teacher?
Dave loves to go off on things he knows nothing about.
He told him to sell it all and how to invest it. You hear what you want to hear and what hurts your feelings. He yells on guys stupidity not at the guy.
@@RafalTraveler No he didn't.
He just started to go off on him and call him names.
@@jimmymcgill6778 Ok. Please, if you can, message me in 1 year on how great "investment" this was and how wrong Dave was. All the best!
so i'm not the biggest BTC fan, and i understand why they quoted buffett. buffett feels similarly about gold as he does BTC, because they don't generate cash flows. with that being said, having some BTC exposure isn't that bad, and there are other ways to be aggressive investors without as much risk. you could make a portfolio of about 10 positions and manage it yourself and you could generate alpha if you're not interested in just buying SPY. with that being said, why feel the need to insult what he does for a living, considering the fact that he does apparently having 30ish thousand a year to invest?
No need to risk your behind like that. Just get one of the 12% funds and chill 👍📈
12% minus the actual rate of inflation
I guess I am ultra risk lover. Even though I don't hold meme coins, I only hold XAI600K and ETH . Fingers crossed 🤞 🤞
Btc is going to a million if you like it or not
In your opinion, XAI600K for $10? 1 year or so?
Shaming his job was totally unnecessary. He is saving $30k/year while traveling the world. Sounds like a win to me. Just because he doesn't sit in a cubicle with a fancy job title doesn't mean his choice of work is invalid. Job titles won't make you rich. Saving money makes you rich, and he seems to be good at that while plenty of people with fancy job titles save nothing. Sure, his investing strategy sucks, but there is no reason why he should get another career if he is happy with what he's doing. A lawyer that saves $30k/year and a waiter that saves $30k/year are building wealth at exactly the same rate, and Dave thinks one is worse than the other. It's not.
Dave has to big of an ego to ever admit hes done anything wrong....
He talked about exactly what he did wrong.
My find hit me
Up recently telling me invest in xrp
These experts never told you the s and p 500 has btc bought with leveraged debt
Get yourself some 3x levered Microstrategy ETFs and few NFTs to spice things up 🚀
I have Microstrategy in my 401, but a leveraged etf is a bridge too far for me.
@@vandrewsan micro strategy is leveraged. How do you think they purchase so much bitcoin. It’s not from their revenue… they raise money by issuing convertible bonds. Their bitcoin allocation is purchased with debt. What they do have going for them is that the debt is not callable and extremely low interest.
The biggest problem with get rich quick is if they win the first time and think they can repeat it.
They make 100% in 1 week with $1,000.
Then they invest $2,000 and it starts to do down, but their ego will not admit it was a mistake, so they invest more.
Finally, they realize they have invested $10,000 and have lost 50%.
If they are married, they normally try to hide the lost and make it up on the next even more risky investment.
Not a good plan for building wealth.
thank you for describing the stock market. Mutual funds are based on stocks.
The Stock market is make up of all kinds of individual stocks.
Some are high risk some are low risk.
If you try to get rich quick using stocks then you are investing in high risk stocks.
But if you are willing to invest in the broad stock market you will do well over time.
Most people I know who have built wealth invested in S&P 500 mutual funds and did not sell every time the market dropped.
After all the S&P 500 has averaged about 10% per year over the past 40 years.
Yes some years the S&P has dropped but after 10 years it is always higher.
You just need to be patient and not sell when the market is down.
But for people who are trying to get rich quick patience is not something they can handle.
Building wealth is a 30 to 40 year lifestyle.
If you don't understand why crypto is bad investment, then you don't understand crypto, and you don't understand investment.
Being in the discord and starting trading is literally changing my life I'm starting with $5,000 account but I got it to $40,600 in one week! Not a lot money but that's a very big growth for me.🚀🚀🔥🔥
@nguyetmaddux5339 by scamming people
You guys need to take care of the spam in your comments.
Always interesting analysis. But I am DCAing into my XAI600K alts anyway
😂 Blackrock, Fidelity, Trump and his whole team, multiple states, all own or are purchasing crypto.
Wisconsin, my state, bought 160million worth of BTC in march. I've dollar cost averaged 23k into crypto the past 3 years and I'm sitting at 90k.
No one is listening to you on this one Dave 🤦♂️
Ive stared buying XAI600K ,and staked them.
If BTC revolutionizes finance, it will leave the Ramsey show in the dust. Be careful guys.
Where to buy XAI600K pls
XAI600K$ and AERO will be huge.
My XAI600K is still pumping...thank you
buying and holding XAI600K IS the contrarian move...