In a country in which the government dictates how much your money is worth and dictates that you never really own much of anything because you constantly pay tax on everything you do? The government is the single largest issue here.
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Fed rate isn’t the most important to follow, the 10-year Treasury bond yield rate is. It is the interest rate the US government pays to borrow money for the decade. Anything that borrows or follows from the government trickles down from that.
Trump literally demanding 0% interest rates during his presidency: not political Fed forecasting a rate cut for months and most economists agreeing its the right time: purely political
@morgenglende-michalski369 Well, we all know who he's voting for....the dictator that promises tax cuts for his wealthy friends. Gotta hang on to as much of that $700 mil as possible. Hmm, wonder what he pays his employees? I've always found the rich tend not to like to share.
Credit card interest rates are based on the prime rate which has an almost direct relationship with the federal funds rate, so Dave was wrong about that. That said, the bank adds additional interest on a credit card's interest rates based on risk. Credit cards are unsecured loans, which is risky to the bank, thus carry a higher interest rate to the consumer who carries a balance.
It wasn't political timing. If it was, they would have reduced interest rates last year in order to prop up the economy for this year as it takes about 18 months - give or take for the rates to affect the economy in any way. They didn't. The fed chair was originally appointed by Trump. Your comments are politically motivated, not the timing of the interest rate drop.
Of course it isn’t. But they have to create “reasonable” doubt for those “on the fence” or their base. They do it after, it would have been something about how they’re trying to buy favors, etc.
so glad this was one of the first comments I read. Dave is so disingenuous when it comes to anything political. i wish he'd stop playing the "enlightened centrist" bit and just admit he's a Trump loving conservative
The goal isn’t to make change, the goal is to win votes. The current administration did it because now it looks like they’re trying to make life easier for the working class. The intent was never to make change. The intent was to win votes.
Financial treasures here , i cant afford to to skip, am getting to know why diversifying the portfolio can really be important, a cut here can be compensated by a rise there but as if fed impacts cut across who is safe then?
this 50 point basis cut itself won't probably do much, however the federal reserve wants to lower their rate over the next couple of years to about 3%... so it will probably take a year or two for mortgage rates to go down to 4.5-5% range
I'm new to BTC and I've been making losses trying to make profit myself in trading.. I thought trading demo account is just like trading trading the real market... Can anyone help me out or at least advise me on what to do?
Higher interest rates, concerns about a possible recession and instability in the banking system have plagued smaller stocks. I'm still at a crossroads deciding if to invest $400k on my stock portfolio. what’s the best way to take advantage of the market?
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks, I just googled her full name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
No one addressed the question of which is more important. The savings rate should be more important to the economy, but it isn't. Unfortunately, the interest cost is more important today because it represents what people must pay on their debt. However, if we focused on savings and investment in the future, then savings rate interest would be more critical. One is backward-looking, and the other is forward-looking. From that perspective, which do you think is better?
I’m fine with that for my emergency fund especially with zero debt, Have laddered CDs up to 5.40% as well as regular credit union savings at around 2.12% also for emergency fund.
What i dont understand is why arent each loan a different rate like me i paid 100k down on a home that loan should be 2.5% but my friend financed 10k above msrp for a charger that should be 10% and his house was bought with no money doen his house should be 7% i dont get it
These people are stuck making shit up because if they admit that a gallon of gas and a dozen eggs only cost $6 combined they’re afraid it’ll cost them the election
@@LaneDenson An average gallon of gas was $2.74 in October 2018 and it’s $3.19 today. That’s roughly in line with our inflation rate over the last 20 years
@@theslowevo9303 I don’t even really like Trump and I’m not a Republican. But if you’re ok with all these endless wars, censorship, mass migration, insider trading, voter fraud, excessive taxes, and government intrusion, you may be a mindless zombie.
According to the Federal reserve, the average credit card interest rate was 22.63% in the first quarter of 2024. Why y'all so dumb please tell me? Over some reward points? Your kids college and future is NOT more important than reward points.
I think the Federal Reserve’s rate is the one to watch. It influences everything from mortgages to credit cards. When the Fed raises rates, borrowing costs go up, which can cool off spending and investment
Exactly. And, the Fed rate affects consumer interest rates indirectly. But let's not forget about the 10-year Treasury rate. That one has a big influence on long-term investments, mortgages, and even stock market trends
That’s interesting. I've mostly been focusing on mortgage rates, but I didn’t realize the 10-year Treasury had such a big impact. So, how do these rates affect, say, our investments? Are there certain strategies we should be considering right now?
Good question. I was actually talking to my advisor, Eric Paul Elmer, about this. He explained that in times like these, portfolio management is key. Different types of investments react differently to interest rate changes, so having a balanced mix can really help protect your wealth
@@Larry1-pl2wqThat makes sense. I think if rates keep going up, it could mean a slowdown in some sectors. So, having a portfolio that’s positioned for both growth and protection seems smart. What kind of strategies does Eric recommend?
He’s all about diversification, but in a really strategic way. He’s been a CFP for a long time, so he looks at ways to shield your investments from too much risk while still giving you growth opportunities. He actually offers free consultations, which was a game-changer for me. Getting that kind of guidance without any upfront cost helped me feel more comfortable and confident about where my money was going.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
As a beginner 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 managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k 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 analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
Ridiculous, were you alive during the great recession 2008-2012?? Unemployment in my area went to 11%, half the houses in my subdivision were empty and shelters were full. Now that was a bad economy. Now we are at 4% Unemployment, id say we are doing pretty good. Not excellent but pretty decent.
Exactly. No one talks about that here :D. Always love the insight and FINANCIAL advice but this aint it. Can we just stick to that? Abusing his power here to hint and blame things that aren't connected is getting old.
@@nathanportell Really? Explain why Trump showed up to talk with Ramsey but Komrade Kammy refused? She isn't intelligent enough to stand up to the scrutiny. She has no plan - she never had.
Spoken like someone who thinks the last 4 years have been good. Seeing how the current Administration has abandoned North Carolina in the past week with dead bodies - of even children - floating in the damn streets should be enough for you to have a light bulb go off but clearly not.
GOOD MORNING EVERYONE. Remember, the government doesn’t control your finances. You’re the one who can make the change! Get after it!
The government has a whole lot to do with your finances.
In a country in which the government dictates how much your money is worth and dictates that you never really own much of anything because you constantly pay tax on everything you do? The government is the single largest issue here.
Rich people and big companies spend an awful a lot of money to influence the government for that to be true. Maybe you know something they don't?
After paying the feds almost a million dollars while I drive the car I’ve had for 21 years, I can’t hear you!
Agree that people are getting in debt spending beyond their means and then complain about gas and egg prices while spending more on wants.
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've built a six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
I'm a newbie how can someone know a professional broker when legit once are hard to find this days.
Ms Martha Ann Hammerton was my hope during the
'bear summer lost year . I did so many
mistakes but also learned so much from it
I was skeptical at first till I decided to try. Its huge returns is awesome.
Fed rate isn’t the most important to follow, the 10-year Treasury bond yield rate is. It is the interest rate the US government pays to borrow money for the decade. Anything that borrows or follows from the government trickles down from that.
Lmao why does Dave always say it was purely political when the federal reserve has been talking about this potential rate cut since May?
Trump literally demanding 0% interest rates during his presidency: not political
Fed forecasting a rate cut for months and most economists agreeing its the right time: purely political
Pretty sure the fed knew the election was coming up in November, even back in May.
@morgenglende-michalski369 Well, we all know who he's voting for....the dictator that promises tax cuts for his wealthy friends. Gotta hang on to as much of that $700 mil as possible. Hmm, wonder what he pays his employees? I've always found the rich tend not to like to share.
Because he is a trump sucker and doesn't want to pay taxes and don't care about average person.
Because otherwise it doesn’t fit into his political narratives that Democrat bad and Republican good.
Credit card interest rates are based on the prime rate which has an almost direct relationship with the federal funds rate, so Dave was wrong about that. That said, the bank adds additional interest on a credit card's interest rates based on risk. Credit cards are unsecured loans, which is risky to the bank, thus carry a higher interest rate to the consumer who carries a balance.
Dave knows Powell was appointed by Trump right?
And Biden reappointed him so what’s your point?
Every time I watch your videos I find something new and amazing in them. Keep inspiring and surprising us!✨◼️☀️
It wasn't political timing. If it was, they would have reduced interest rates last year in order to prop up the economy for this year as it takes about 18 months - give or take for the rates to affect the economy in any way. They didn't. The fed chair was originally appointed by Trump. Your comments are politically motivated, not the timing of the interest rate drop.
Of course it isn’t. But they have to create “reasonable” doubt for those “on the fence” or their base. They do it after, it would have been something about how they’re trying to buy favors, etc.
so glad this was one of the first comments I read. Dave is so disingenuous when it comes to anything political. i wish he'd stop playing the "enlightened centrist" bit and just admit he's a Trump loving conservative
The goal isn’t to make change, the goal is to win votes. The current administration did it because now it looks like they’re trying to make life easier for the working class. The intent was never to make change. The intent was to win votes.
Financial treasures here , i cant afford to to skip, am getting to know why diversifying the portfolio can really be important, a cut here can be compensated by a rise there but as if fed impacts cut across who is safe then?
You are real professionals! Your videos are always happy with quality and useful information. Thank you for your hard work.🏘😊🏓
this 50 point basis cut itself won't probably do much, however the federal reserve wants to lower their rate over the next couple of years to about 3%... so it will probably take a year or two for mortgage rates to go down to 4.5-5% range
Sounds like the person who send in the question is looking to borrow money.
Nothing wrong with that.
Yep, my hysa dropped 1/2 point
I'm new to BTC and I've been making losses trying to make profit myself in trading.. I thought trading demo account is just like trading trading the real market...
Can anyone help me out or at least advise me on what to do?
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Waking up every 14th of each month to 210,000 dollars it's a blessing to I and my family... Big gratitude to Stella Francis 🙌🏻
Yeah, 253k from Stella Francis, looking up to acquire a new House, blessings.
Started with 5,000$ and Withdrew profits
89,000$
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
Higher interest rates, concerns about a possible recession and instability in the banking system have plagued smaller stocks. I'm still at a crossroads deciding if to invest $400k on my stock portfolio. what’s the best way to take advantage of the market?
If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
That's impressive! I could really use the expertise of this advsors.
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks, I just googled her full name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
No one addressed the question of which is more important. The savings rate should be more important to the economy, but it isn't. Unfortunately, the interest cost is more important today because it represents what people must pay on their debt. However, if we focused on savings and investment in the future, then savings rate interest would be more critical. One is backward-looking, and the other is forward-looking. From that perspective, which do you think is better?
My HYSA rate just dropped .2% 🙄
My HYSA went from 5% to 4.5%
I’m fine with that for my emergency fund especially with zero debt,
Have laddered CDs up to 5.40% as well as regular credit union savings at around 2.12% also for emergency fund.
Both my savings rates went down .25%
Odd he talked about a HYSA paying 5%, why not just put that in a mutual fund for 10%?
He probably keeps his emergency fund in the HYSA.
What i dont understand is why arent each loan a different rate like me i paid 100k down on a home that loan should be 2.5% but my friend financed 10k above msrp for a charger that should be 10% and his house was bought with no money doen his house should be 7% i dont get it
The fed themselves ahould have differenr rates based on loan risk but they dont
I never really thought of it like that. That would make more sense and more motivating to put as much down as possible.
Where are you buying $8 eggs and $5 gal gas?? Not even in the peak of inflation in 2023 I ever saw that.
These people are stuck making shit up because if they admit that a gallon of gas and a dozen eggs only cost $6 combined they’re afraid it’ll cost them the election
It's called exaggeration for effect. Or, shorthand for "stuff is much more expensive now than it was not too long ago"
@@LaneDenson An average gallon of gas was $2.74 in October 2018 and it’s $3.19 today. That’s roughly in line with our inflation rate over the last 20 years
In California yes it was at $6 at one point but due to the emissions regulations and high taxes here. Eggs were never $8 though
Everything the establishment does is slimy.
How many Trump bibles and fake gold watches have you purchased?
@@theslowevo9303 I don’t even really like Trump and I’m not a Republican. But if you’re ok with all these endless wars, censorship, mass migration, insider trading, voter fraud, excessive taxes, and government intrusion, you may be a mindless zombie.
@@theslowevo9303yeah and all made in China
Mortgages have gone up a lot after the Fed cut rates. Hopefully now people understand those two aren’t connected directly.
According to the Federal reserve, the average credit card interest rate was 22.63% in the first quarter of 2024. Why y'all so dumb please tell me? Over some reward points? Your kids college and future is NOT more important than reward points.
I think the Federal Reserve’s rate is the one to watch. It influences everything from mortgages to credit cards. When the Fed raises rates, borrowing costs go up, which can cool off spending and investment
Exactly. And, the Fed rate affects consumer interest rates indirectly. But let's not forget about the 10-year Treasury rate. That one has a big influence on long-term investments, mortgages, and even stock market trends
That’s interesting. I've mostly been focusing on mortgage rates, but I didn’t realize the 10-year Treasury had such a big impact. So, how do these rates affect, say, our investments? Are there certain strategies we should be considering right now?
Good question. I was actually talking to my advisor, Eric Paul Elmer, about this. He explained that in times like these, portfolio management is key. Different types of investments react differently to interest rate changes, so having a balanced mix can really help protect your wealth
@@Larry1-pl2wqThat makes sense. I think if rates keep going up, it could mean a slowdown in some sectors. So, having a portfolio that’s positioned for both growth and protection seems smart. What kind of strategies does Eric recommend?
He’s all about diversification, but in a really strategic way. He’s been a CFP for a long time, so he looks at ways to shield your investments from too much risk while still giving you growth opportunities. He actually offers free consultations, which was a game-changer for me. Getting that kind of guidance without any upfront cost helped me feel more comfortable and confident about where my money was going.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
As a beginner 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 managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $100k 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 analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier.. How can i reach her, if you don't mind me asking?
Dave for president! 🇺🇸
Worst economy since Carter.
Ridiculous, were you alive during the great recession 2008-2012?? Unemployment in my area went to 11%, half the houses in my subdivision were empty and shelters were full. Now that was a bad economy. Now we are at 4% Unemployment, id say we are doing pretty good. Not excellent but pretty decent.
Your channel is a place where every video is a journey of knowledge and discovery. Keep inspiring us with your creativity!🍔🛤🫔
If a republican was in office, Dave wouldn't think that it is " interesting political timing"
Exactly. No one talks about that here :D. Always love the insight and FINANCIAL advice but this aint it. Can we just stick to that? Abusing his power here to hint and blame things that aren't connected is getting old.
Yes, Trump was literally threatening to fire the Federal Reserve chairman if rates didn't go down during his term.
@@nathanportell Really? Explain why Trump showed up to talk with Ramsey but Komrade Kammy refused? She isn't intelligent enough to stand up to the scrutiny. She has no plan - she never had.
Spoken like someone who thinks the last 4 years have been good. Seeing how the current Administration has abandoned North Carolina in the past week with dead bodies - of even children - floating in the damn streets should be enough for you to have a light bulb go off but clearly not.
Are you still pushing the insurrectionist for president?
TDS has entered the comment section.
@@TM_Stone is that secret code for Trump! Some people will fall for anything
@@TM_StoneTrump Idolatry has entered the comment section.
Still better than flip flop Kamala
@@parkertowles2401 Trump has flip flopped many times as well. It's just your Idolatry refuses to see it.
First
The economy is booming, despite your leader
For those of us actually in the trenches, we know better and want better leadership so that people like you can have a job.
Your channel is like a festival of good moods and fun moments. Keep lifting our spirits with your beautiful creativity!🏕😳🍨