Buying a stock is easy but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stock to buy now or put on a a watchlist? I've been trying to grow my profilio of $560k for sometime now, my major challenges is not knowing the best entry and exit strategies..... i would greatly appreciate any suggestions.
For a successful long-term investment strategy, find high-yielding stocks and shares that pace the market. Consider consulting a financial advisor to create a personalized plan that meets your goals
By diversifying my $400,000 portfolio with the help of an investment advisor, I achieved an impressive net profit of over $900,000 in a short period, leveraging a mix of high-dividend stocks, ETFs, and bonds to maximize returns
Evelyn Jonathan Financial. Is my licenced coach i use just search the name you'd find necessary details to work with a correspondence to set up an appointment
This woman needs to see a psychologist. This goes deeper than she can probably resolve herself. I had the same thing happen to me, so I am not trying to shame her.
This is what happens when you earn and hoard instead of giving some of it away. If she starts donating to the poor, she’ll learn contentment and a better appreciation of her blessings.
@starrystarrynight6281 I can relate to the caller. When I was young, I had very little money, so I lived very frugally and worked hard. Decades later, after I had built significant wealth (more than the caller), I still had the same mindset that I did when I had little money. Gradually, I started spending money (including writing significant checks to worthy organizations). Now, I treat myself to nice vacations, etc.
Agreed. This is madness. Being a millionaire and still stressing out of her mind. Visit some homeless shelters, speak to the people there and see how far they can stretch a dollar.
@@FaithandPurpose828I really don’t think so. I really think she was just looking for someone to tell her she’s gonna be ok. And help with cutting though all the information she was getting.
Retired people can live off $50k a year. My dad does, no debt, no payments, no mortgage. Just property taxes and basic monthly costs. Him and my mom together in their house.
Yes, but it's not the planned items on the budget that messes people up, it's the unplanned ones (ie medical expenses). Having said that, money is a means to an end; a resource given to us by God to be good stewards on earth. It seems that some folk fall into the unfortunate mindset that money is the goal and wind up like this caller who is struggling with her finances. The whole point of getting out of debt is to FREE us from burdens, not transition to another burden.
@@nicholasselke5214 : True, which many retirees fail to obtain, choosing rather to live off SSI and prayer (if that). Still, the average total medical expenses for retirees is close to $350k-$400k last I recall, so it's disingenuous for us to promote a $50k/year budget given that statistic, but your point is valid with regards to realistic expectations for those debt free retirees. As an aside, our projected retirement budget in present value dollars is in the $55k-$60k range, so your quoted figure seems accurate for us as well.
Two paid-off houses to sell, and she's worried about getting a loan? Patty: you won't need a loan since you'll have all the cash from selling your current properties.
I get nervous just buying lunch. My parents' marriage was strained because of my mom's spending. We gave up our house and moved into an apartment with roaches. My greatest fear is becoming her.😥
OMG I can so relate to her memories about money! People used to ask me to name these lofty career goals when I was applying for college and all I could say was "I just want to have a roof over my head that doesn't leak, utility bills paid, and know where my next meal is going to come from!" I couldn't have cared less what my job title was. Ironically, I chose tourism & recreation as a career path which is notoriously low-paying LOL.
This stress is a way of thinking. I'm a multi-millionaire at 42 and still stress about finances month to month. My parents legally immigrated for a job to N. America to give us an opportunity and those were very humble beginnings, like we appreciated just having carpet. That mindset had stayed with me so I always have this fear of some crazy situation that would burden my kids. Jade was spot on with this call, part of this mentality created discipline to save but like this caller you never forget where you come from. It's a matter of shifting focus to let go
this lady is delusional... she's literally in the top 3% or so of wealthy people in the USA. 2m at 55 if you still had like 500k in mortgage debt is sub-optimal, but she has 1m in paid off homes. how expensive could her life possibly be? with no mortgage and no other debt payments you can live like a king on 50k a year take home... i wish they would have gotten into what their annual expenses are because that is a major part of the story. if they're spending 100k+ a year on eating out etc they need to cut spending. she says she never spends but i doubt they're super frugal if she's actually so worried about her finances
This reminds me of an Alone season I watched. The guy was starving for weeks and then was catching fish like crazy but he was too worried to eat enough to keep weight that he would run out of fish before the end of the show he starved himself until he lost the season even though he had plenty of fish smoked in his hut. When you have been starving for so long and you start gaining food you will "horde" the food and never eat it for fear you will one day no longer have the food coming in. I feel for her because its a life of fear all the time.
That’s a wacky problem to have.. 😜 just kidding… but in all seriousness, be happy about your success and be content with how things are. And if you don’t feel like spending money, you don’t have to. Stuff is just stuff… if you don’t feel like acquiring stuff, that’s totally fine. But yes, please be happy about the fact that you have money, unlike the rest of us. There is nothing more horrible than to be broke …. Financial anxiety is a terrible thing…
Sorry to hear that, it's psychological. if you enjoy your life now with what you spend that Money represents wasted time, plenty can have a comfortable retirement with much less. If anything why not spend money on others? it's much more satisfying than spending it on yourself
@@johnmabbett6586 let others get their own money. It’s not like it was easy working hard on my career and paying off debt. I surely didn’t do that for others. Money is security. My security. It’s not something I give away.
im in the same boat, but i did just buy a used boat, only $5500 with trailer, that boat plus my lawn mower is worth what my vehicle is worth and all that is way less than 1% of our household net worth
I wonder if a therapist would milk this lady’s retirement if she said “I have a net worth of 3 million dollars and I’m worried I don’t have enough”. “Let’s start with 20 session and go from there”
I feel very similar to her. Even though the only debt my husband and I have is a small amount of super low interest student loans that will be paid off next year... i hate spending money. I pinch pennies. Never buy anything for myself. Its ridiculous honestly. With the excess amount of money we have monthly and our savings, i should be able to loosen up. But i grew up so poor and with people who had absolutely no idea how to handle money. Its almost money/poverty ptsd.
Im surprised nobody thought this was a brag call. Oh and 10% return?? I'd say more realistic would be 4%. And that person that keeps responding with 1%...Im more optimistic than that.
I'm used to them using conservative estimates, 10% seems crazy.. She's just saying you can lazily park your money in the s&p and make 10%. Nice. Oh but shes just speaking generally, not for the 'technical' people.
I've actually noticed my unhealthy saving habits. My wife and I max out our 401ks every year and still invest in taxable accounts on top of that. We've gotten to a point where it's all growing out of control, faster than we can add to it. But it's like we just keep stacking and stacking and never enjoy it. The solution? I cracked open the taxable accounts and started sending a half of the dividends to our checking. It's basically like "spend this just because" money
“Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? Can any one of you by worrying add a single hour to your life?” -Matthew 6:25-27 A good one to put on a sticky note on her mirror each day to remember. Sending love!
Go to therapy and get off the line. There are other callers that are in much more dire situations that could use advice. Anyone calling with several million just comes across super obnoxious and braggy.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Andrew Louis Stella, has been an amazing experience.
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Louis Stella 😊🎉
You dont have to spend that much money to enjoy life. Go out in nature, take your shoes off, and walk in the grass barefooted. Give that much money to us country folks, and that would set up 4 generations of family.
They have two houses and are talking about getting a different house and not being able to get a loan. Shouldn't the hosts have shut it down right there since Ramsey doesn't believe in getting loans on 2nd homes and investment properties>
She needs to budget her money for a few years to see the flow in and out. I bet they don't know where half their money is going. Then she needs to sit down with a financial planner to see how their investments are doing and how much they will need when both are retired. If they aren't out of debt yet, they need to get all their debt paid off and stay out of debt. Lastly, I can hear the anxiety in her voice and most of that anxiety is unnecessary. Get some therapy and learn to let go of all that anxiety so she can live an anxiety free retirement. Deep breaths and let go.
I understand this woman. I feel the same way. I started feeling this way when I got closer to 50. It became very hard to work 50 to 60 hours per week. By the time I'm 60, it's going to be even worse.
This will sound nutty maybe but try making green juice a few days a week for energy. Also I lost 20 pounds. Not skipping meals just better nutrition. Hang in there, I turned 62 and you will make it too
As Dr. John would say, she experienced trauma--twice over money in her youth--and her body put a pin in it. Now she can't let it go. So understandable that she's on high alert. Hope she really does sit down to talk with someone about this. God bless her.
They just repeating Dave’s lies. 10 percent. Would be 100 percent stocks. This lady nearing retirement is not one who is going to run 100 percent stocks. 60/40 stock to bond. Might be closer to 7 percent. Even then you can’t spend that year in and year out because of sequence of return risk. 4 percent withdrawal rate good place to start. That’s 80k a year. Way different than 200k
You have got to be joking. The 4% rule is ASININE. If you have to withdraw more than 1% you have no business retiring. Any withdrawal rate above 1% is objectively WRONG.
@@amireallythatgrumpy6508I’m curious about your response. How would anyone ever expect to retire only utilizing 1% of their investments? I guess if you had $10m in investments there it would be ok. I’m just really curious.
What is her income? 200k is the back does not matter when you get any loan. It does not matter how much retirement they have. The husband may be right. 200k in the bank, may not be enough for a mortgage. I would not take 25% out of retirement. In about 8 years, that will double. So she is throwing away 750k.
I flex my spending and giving muscles while doing baby step two. I simply have a goal to be done by 2 years and I just double check periodically and make sure I'm on track.
I have one piece of simple advice. Do a monthly budget. You will see, almost immediately, that you are not spending enough on fun things. It will jump out at you.
This sounds like something my sister would do...have money but scared to spend it cause she's too worried that something's going to go wrong and all the money will be gone.
Da hell? $1.5M in HELOCs is basically guaranteed to be granted by the banks. Use that to buy a new house. Sell the old houses and pay off the HELOCs. Then you have remainder equity from old houses plus $200k in savings, and in 4 years you can crack open the 401k/IRA
I mean I do agree with how they handled the call. But... as a balance. I mean I gre up poor and watched relatives barely afford there lives. So yeah. I have money dramas too. Like take the emergency fund. I prefer more than 6 months. Not a lot more. But more. I know if I called Ramsey. He'd yell at me. But I don't care. If having that little extra helps... then I'd say do it. So long as your not harming yourself.
