One thing I would have added was " Part of saving for retirement is saving for an emergency". Number 1 reason is a lot of people will neglect the emergency fund and max out the retirement fund. An emergency will happen then people tap into the retirement. This hurts your retirement. I learned the hard way. Have a cash emergency fund as part of your retirement plan.
0:13 Start as early as possible 2:41 Start with the basics 4:23 If you don't understand it, don't invest in it 5:44 Do not chase yield 7:06 Don't neglect your retirement accounts 8:15 Be prepared for volatility 9:23 Tune in, but don't be afraid to tune out 10:25 You will make mistakes 10:47 Read...a lot! 12:21 Start writing 13:28 Enjoy the journey
Great video, Ryne, when I look back on my investing career... There is a whole lot I would change. Aside from the obvious of starting earlier, I would have stuck with a quality 10-12 bunch of stocks and tuned out everyone else talking about the need to diversify (which would come from an ETF as opposed to me loading up on too many stocks).
Hey Ryne, great video! I would recommend adding some VGT or QQQM or SCHG to the Roth as well. You have a nice dividend ETF and cornerstone, but I think sprinkling in some growth is a wise long-term decision. Maybe not for your strategy, but just wanted to drop this for the masses. Keep it up man!
Doing nothing with your portfolio is sometimes the best move you can make. I still have troubles with just sitting on positions and letting them ride. I'm still working on this. My head if something goes up 30+% in 2-3 months, I find myself always looking for other places I can put that cash to work. Recent example being Texas Roadhouse and last year Microsoft. This has benefited me before hand, but more times than not, it'd been best for me to just sit on them. You live, you make mistakes, you learn.
only started learning about investing and being able to actively do it in the past 3 years ( started at 40 ) and i feel like im playing catch up! seriously if you are younger, start now. keep it simple and let time be your biggest contributor to your growth.
I agree 100% with starting out with ETF's cause I also wish I had done that when starting out but better late than never! Good stuff, thanks for sharing!
Hey Ryne, I just recently found your channel now and been on a binge watch lol, great content I dropped you a sub as well. With how informative you are about dividend investing I had a question. I started last year in investing and have been putting $1000 monthly into my portfolio $500 Roth IRA and $500 into individual holdings on my individual side I have about 15 stocks that I split the $500 monthly into. But to live off of dividends in the fastest way would it be better to compound off of 2-5 Stocks or should I stick to what I’m doing? Eventually compounding off of these 12-15 stocks will be a greater value from reinvesting the dividends rather then the 2-3 stock route Orrrrr should I be throwing a bigger percentage of the $500 monthly into 2 or 3 of my higher yield stocks while slowly building the rest. Sorry for the long comment
Honestly I don’t think a certain number of stocks will make the compounding happen faster. Just try to invest in the best companies you can. Easier said than done, I know
What an amazing video, you speak words of wisdom. Def gotta agree with you man, investing early, doing your DD, and holding those solid well built companies is advice everyone should follow. Its my core principle for wealth building.
Can you please make a video and demonstrate how you calculated your dividend growth rates for your portfolio? I don't know why I'm struggling to find the answer for my stocks
My free spreadsheet (link in description) tells me my portfolio’s dividend growth rate. You can also find the dividend growth CAGR for individual holdings on Seeking Alpha! Hope this helps
@rynewilliams yeah the dashboard pulls it from the positions page but my positions page doesn't autopopulate like you mentioned in the tutorial. I've checked on seeking alpha in the past and don't quite know which figures to look at. There are usually many options to look at under the dividends- dividend growth tab..
I learned for my time horizon I need to focus more in Div Growth than Dividend Yield, with a little of grow stocks that will be (when the time comes) rebalanced to higher dividend yield stocks/ETFs
Starting early was the best tip you gave. My daughter is only 18, now, and has $45-$50K saved in her Fidelity account. It's mostly birthday gifts, aluminum cans we pick up, pocket change I roll, and a few items my daughter sells on Mercari. That doesn't include her 529K for college.
@@dznker4642 It depends. My daughter wanted to go to a private school, and they tend to be very expensive. If you go to school locally, in your state, the expense is much less.
My biggest problem is that I just can’t seem to get set on a specific strategy that I want for investing I keep switching up the stocks and types of stocks I’m investing in
@@rynewilliams hmmm, I think part of it is the fact that there are so many great companies that I want to invest in I guess I get that feeling of missing out when I don’t. Also I’m just inexperienced, so when I don’t see an investment going good right away it severely affects my confidence
Time in the market and the Friday DCA strategy I applied to myself it has been giving more and more knowledge that hopefully I am able to pass down to my kids! I already tell them that they are opening a ROTH as soon they start working… Great video!!
I always have a question: what’s better; a few companies(between 5 or 10) or ETF’s… I have asked bard, to bring me data o these two scenarios. First option would be Microsoft, Apple, reinvesting its dividends, or second option ETF’s like sp500, VOO and QQQ…the ETF was a better option based on the last 20 years…all of them have data enough so the I.A. Was a good way to compound this whole thing…do you guys have any other point of view?
I think it depends on how involved you want to be in your portfolio. If you're looking for something hands off, ETFs are the way to go, and I personally think ETFs are great for everyone who's just getting into investing. If you want to add individual companies on top of the ETFs, you can certainly do so
First off I just wanted to say thank you for your video you change my mind to certain things I didn’t know with dividend investing it doesn’t have to be complicated I just need invest into 1 etf & keep it simple. But portfolio changing and rebalancing finding whats the best dividend etf for long term is kinda hard. I’m not sure if I wanted to invest SCHD for long term growth and passive income or just VYM growth and income and as well. And your right volatility can be your best friend good stuff
Thx for the vid. One of my mistakes was to invest in dozens of different stocks and eventually realized I didn't need most of them. I just consolidated into a few individual stocks and broad based ETFs such as $VOO $SCHD.
Investing in a child’s future is the biggest gift you can give them. Furthermore, the fondest memories we have as kids weren’t centered around a material gift, It was centered around family, laughter and togetherness .Those are things that money can’t buy. Investing isn’t for hyper consumers
You’re very lucky to have parents who tried to instill the need to invest. My parents and family never mentioned investing in a positive light. It was something that was though of as too risky, speculative, and too much of a gamble.
Okay I never left so hard. I don't know who this Charles Schwab guy is then why he has my Christmas money. Oh my god I fell off the bed. That was funny my friend
