Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make....
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’ve taught my son 150 bucks a month is all that’s needed for him now to be a millionaire at 65…he’s at 5k in a couple years and I’m so proud he’s listening to my advice- the advice I never got myself but had to learn the hard way! Thank you so much for helping me and now I’m passing on the information to my son.
seven streams of income on those youtube videos looks like this: 1. day job like financial advisor 2. ad revenue from podcast or youtube channel 3. affiliate link income from podcast or youtube channel 4. selling an advanced money guy course 5. rent income from commercial or residential or airbnb 6. income from side business like dry cleaning, self storage, or atm business 7. portfolio cash flow from dividends and bond payments
The 7 streams of income is actually easier than people think. Just buying a full market index fund will get you 4 of them: Capital gains, interest, dividends, and rent (through REIT exposure). The 5th is just employment income from your job. Having a side hustle will give you entrepreneurial income which is 6. Really, the only one of the 7 that is hard for your average person to get is royalty income because that requires publishing something or selling a product idea to another company.
Great episode! I loved the discussion on unwinding medium-term investments once they hit short-term status, that's not something I've personally seen discussed at all, and I consume a LOT of personal finance content. Very cool!
They knocked the “streams of income” question out of the park. It’s mostly a fluff statement. Just make and save money. Owning a piece of property and a vending machine and interest in a laundromat isn’t necessarily better than having a regular old job.
I count six streams of income personally. 1 W-2 job. One consulting contract. 2 distributions from private businesses I own, dividends (appreciation isn’t a stream of income). Side hustle officiating sports on weekends.
A good exit strategy, assuming your brokerage provides, is a trailing stop. - Works well for individual stocks, I wouldn't use for low-cost ETFs that track an index. This both helps protect your gains and reduces your loses. - It also takes emotion out of the equation.
I can't typically watch the show live. I was wondering if you guys could talk about how impactful the turnover ratio on index and mutual funds is, in practice. I realize higher turnover can be more capital gains, but how much? Is 5% v 10% turnover that big of a difference in the long run? What about vs 20%? Or vs 50%? Or vs 100%+? Just a lot of variable and I don't have a good feel for that yet. Thank you.
I opened a ROTH IRA from a Rollover IRA and i got audited and owed the IRS over 2K ... I have every right to be fearful now. I haven't touched my Roth IRA since then ...
If I was making an account for my child to retire, I’d use a regular brokerage account held within a trust. It’s not tax advantaged but I can be sure it’s used for what I intended.
I believe they stream live on RUclips on Tuesdays and you can ask questions live. If you join the email list you’ll get a reminder before they go live and it’ll tell you how to watch
No offense guys, but i think you are dramtically underestimating how capable AI will be 10 years from now. Think an order of magnitude smarter tham the smartest people on earth, with access to all accumualed human knowledge, and the ability to handle an arbitrary number of variables under consideration. And yes, theyll be able to handle human interaction. Much of what we think of as art or synthesis is actually quite algorithmic. In the near term, yes it will be a (required) tool to compete.
Counterpoint: How often have we heard about some supposedly life changing new technology that turned out to be hugely underwhelming? Remember Google Glass? How about the Segway? Technological breakthroughs and inventions that actually change people's lives are the exception, not the rule.
I think the timeline is a bit less certain than you are making it out to be, but I agree that they are a bit overconfident to think they are irreplaceable. I think the argument that I find most convincing of this is how constrained the human brain is by evolution. There were/are many things that are more important to our survival than thinking correctly, and you can see this in all kinds of biases. AI will eventually be the result of a very quick turn around evolution targeted to only thinking as correctly as possible about things to build accurate models for accomplishing tasks, it will easily outpace humans once that evolution really gets off the ground.
I'm expecting a recession and stock market sell-off. I put my money in a treasury based Money Market. I'm making 5% the end of Januarywhen it was near a peak. Currently I'm ahead of the other investment options in my highly restricted retirement program. I'm willing to let it ride it out. If a crash doesn't materialize I'll be down a few percent max. If a crash does materialize I'll be WAY WAY up buying back in near a low.
Depending on when you sold, the markets have recovered up to 20+%. As markets are trending back upwards (slowly, but upwards regardless), that means the crash you are anticipating has to be larger and larger everyday to make buying back in a winning strategy. What if there isn't a recession? - How long do you wait for the recession before buying back in? - What if the rates come down before the next recession? Short term treasury bill yields have been pretty good. I have a portion of my cash in these to increase returns (while leaving my bulk emergency fund alone). So, I am taking advantage of the better than "normal" rates while leaving my retirement funds invested.
Just want to thank Brian and Bo for letting me visit the studio last week. Such great, nice and personable people! You guys are awesome.
I just noticed the Money Guy Show had added 13,000 subscribers in a month. That’s compound growth at work.
Loving every minute of it 🙌
@@MoneyGuyShow and I was wrong. It’s 15,000. I thought the ticker June 6 said 298,000. It actually said 296,000. Anyway. You deserve it.
And now they are nearing the half million mark. I think 2025 will be the 1 million tipping point.
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make....
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.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
Scam
I’ve taught my son 150 bucks a month is all that’s needed for him now to be a millionaire at 65…he’s at 5k in a couple years and I’m so proud he’s listening to my advice- the advice I never got myself but had to learn the hard way! Thank you so much for helping me and now I’m passing on the information to my son.
I did both a 529 and UTMA when my son was born and will do both with the next one as well.
seven streams of income on those youtube videos looks like this:
1. day job like financial advisor
2. ad revenue from podcast or youtube channel
3. affiliate link income from podcast or youtube channel
4. selling an advanced money guy course
5. rent income from commercial or residential or airbnb
6. income from side business like dry cleaning, self storage, or atm business
7. portfolio cash flow from dividends and bond payments
It's cool Bo and Brian are actually friends. It comes through.
53 min in - college - you can do community college for 2 years and then to Uni after and it can be a smaller school like I did.
The 7 streams of income is actually easier than people think. Just buying a full market index fund will get you 4 of them: Capital gains, interest, dividends, and rent (through REIT exposure). The 5th is just employment income from your job. Having a side hustle will give you entrepreneurial income which is 6. Really, the only one of the 7 that is hard for your average person to get is royalty income because that requires publishing something or selling a product idea to another company.
I just discovered this channel and I am in love with the fact that they take notes
Great episode! I loved the discussion on unwinding medium-term investments once they hit short-term status, that's not something I've personally seen discussed at all, and I consume a LOT of personal finance content. Very cool!
They knocked the “streams of income” question out of the park. It’s mostly a fluff statement.
Just make and save money. Owning a piece of property and a vending machine and interest in a laundromat isn’t necessarily better than having a regular old job.
I always enjoy the way you guys dive deep into the topics you discuss. Thanks for what you do.
I count six streams of income personally. 1 W-2 job. One consulting contract. 2 distributions from private businesses I own, dividends (appreciation isn’t a stream of income). Side hustle officiating sports on weekends.
Yes I was 49 and paid off two homes in less then 10 years each, I did exactly that. Now 56 and just sold one of them!
Thank you Brian and Bo!
Happy Tuesday!
A good exit strategy, assuming your brokerage provides, is a trailing stop.
- Works well for individual stocks, I wouldn't use for low-cost ETFs that track an index.
This both helps protect your gains and reduces your loses.
- It also takes emotion out of the equation.
Another stellar episode, thanks guys. Also, yes we want more guest in the show. Keep up the good work👍🤑📈
Easily top three financial channels; concise and informative…
Love the content as always!
1 hour 16 - nobody went broke taking a profit!
I can't typically watch the show live. I was wondering if you guys could talk about how impactful the turnover ratio on index and mutual funds is, in practice. I realize higher turnover can be more capital gains, but how much? Is 5% v 10% turnover that big of a difference in the long run? What about vs 20%? Or vs 50%? Or vs 100%+? Just a lot of variable and I don't have a good feel for that yet. Thank you.
It sure is… but I just pay them off and the cases get dropped 😊
I opened a ROTH IRA from a Rollover IRA and i got audited and owed the IRS over 2K ... I have every right to be fearful now. I haven't touched my Roth IRA since then ...
If I was making an account for my child to retire, I’d use a regular brokerage account held within a trust. It’s not tax advantaged but I can be sure it’s used for what I intended.
What happened to last week's live episode? I was rewatching it soon after it aired then it went private...
M1 Plus members are making 5% in the high yield savings account
How can I ask questions? Where should I go?
I believe they stream live on RUclips on Tuesdays and you can ask questions live. If you join the email list you’ll get a reminder before they go live and it’ll tell you how to watch
Bo’s excitement always sales
No offense guys, but i think you are dramtically underestimating how capable AI will be 10 years from now. Think an order of magnitude smarter tham the smartest people on earth, with access to all accumualed human knowledge, and the ability to handle an arbitrary number of variables under consideration. And yes, theyll be able to handle human interaction. Much of what we think of as art or synthesis is actually quite algorithmic. In the near term, yes it will be a (required) tool to compete.
Counterpoint: How often have we heard about some supposedly life changing new technology that turned out to be hugely underwhelming? Remember Google Glass? How about the Segway?
Technological breakthroughs and inventions that actually change people's lives are the exception, not the rule.
I think the timeline is a bit less certain than you are making it out to be, but I agree that they are a bit overconfident to think they are irreplaceable. I think the argument that I find most convincing of this is how constrained the human brain is by evolution. There were/are many things that are more important to our survival than thinking correctly, and you can see this in all kinds of biases. AI will eventually be the result of a very quick turn around evolution targeted to only thinking as correctly as possible about things to build accurate models for accomplishing tasks, it will easily outpace humans once that evolution really gets off the ground.
@James Huang doesn't blackrock use their algorithm as the main decision maker
@James Huang doesn't matter when you own 9 trillion in the market you can manipulate it anyway you please l.
I'm expecting a recession and stock market sell-off.
I put my money in a treasury based Money Market.
I'm making 5% the end of Januarywhen it was near a peak.
Currently I'm ahead of the other investment options in my highly restricted retirement program.
I'm willing to let it ride it out.
If a crash doesn't materialize I'll be down a few percent max.
If a crash does materialize I'll be WAY WAY up buying back in near a low.
Depending on when you sold, the markets have recovered up to 20+%.
As markets are trending back upwards (slowly, but upwards regardless), that means the crash you are anticipating has to be larger and larger everyday to make buying back in a winning strategy.
What if there isn't a recession?
- How long do you wait for the recession before buying back in?
- What if the rates come down before the next recession?
Short term treasury bill yields have been pretty good. I have a portion of my cash in these to increase returns (while leaving my bulk emergency fund alone). So, I am taking advantage of the better than "normal" rates while leaving my retirement funds invested.
Chatgpt can answer all those questions. Human is replacable. I found only handful of human are expert on something