Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
Dave also claims his stupid funds he picks out preform the market because "past performance clearly means guaranteed future returns" 🤡🤡🤡🤡 I bet Dave's balls deep in large cap tech like a loser....
In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
“Tenley Megan Amerson” my FA, is a well-educated and seasoned expert in the financial industry. She is regarded as an authority in this sector and has a deep understanding of portfolio diversification.
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
My CFA “Tenley Megan Amerson” , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from ‘’Tenley.
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, Reproductible approach from anyone who have build wealth. I have saved up $190k to get started.
If you are planning for retirement Here are some key pointers. Firstly, kick-start your savings early to benefit from compounding. The longer your money has to grow, the better. Secondly, make the most of retirement accounts like 401(k)s and IRAs, especially if your employer offers a matching contribution - it's essentially free money. Thirdly, diversify your investments across different assets to mitigate risk. Think stocks, bonds, and real estate.
Great advice for retirement planning! Starting early and taking advantage of employer-sponsored plans can make a huge difference in the long run. And diversifying investments is crucial for managing risk. Thanks for sharing these valuable tips!
Spot on! Planning for retirement is crucial, and these pointers are gold. Diversifying investments is a key strategy plus, having an investment expert by your side can really help navigate the complexities and optimize your financial plan.
Absolutely! Diversifying investments is crucial for long-term success. Having a fiduciary has been transformative. She navigates market fluctuations, identifies opportunities, and keeps me on track for retirement. Her tailored advice boosts confidence and informed decisions. Trusting her skills brings peace of mind, ensuring my future is secure.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I think most lnvestors like myself right now are more interested in how we can enhance our earnings during this period of adjustment given the current economic difficulties that the country is experiencing . I'm at a crossroads deciding if to liquidate my $620k stock/bond portfolio, or just wait for favorable times since the market always recover.
Experts are more qualified to offer such specific counsel because the possible benefit increases with risk. So you should consider working with someone reliable.
Having the correct plan in place is crucial; my portfolio is well-suited to each season of the market and recently experienced a 100% increase from early last year. My CFP and I are working on a 7-figure target, albeit this could take until Q3 2024.
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
I will advice you stop trading on your own if you keep losing, if you can, then get a professional to trade for you, I think that way your assets are more secured.
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas
It is best to seek the advice of a financial advisor when faced with a decision as important as this one regarding retirement. By doing this, you will be able to choose investments more wisely.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
*Natalie Marie Gentry* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I just googled her 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 caII.
Well, I gotta admit, I took a hit in the profit department with my stock moves. But hey, every red chart has a chance to turn green, right? Time to step up my trading game and flip that chart for the better.
Investing in this economy is a hell at times for the average person that wants full control of their finances, Even investing in EFT stocks can be risky
The question to be asked at times is not if the government or the economy is responsible for the sudden dramatic shifts in the economy but if we are taking the necessary measures to avoid making losses no matter the situation even if the pay roll is not in your favor.
One of the reasons i follow up these stock videos is to improve the returns of my investments and i can’t really say I’ve been seeing noticeable change though …. I’ll keep following to improve my investment philosophy anyway and find better ways to create smarter investments.
Investing broadly in low risk stocks just after investing in a high risk stock can yield good results. I can’t perfectly explain though I learned things like this from a firm that provided good financial advice.
*Thanks for continuing updates 👍🏻 I'd rather trade the stock market as it's more profitable 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (Oscar), Now I'm no longer in debt after lI invested $8,000 and got my payout of $120,500 every months,God bless Angela Christine Derle* 🇺🇸🇺🇸🇺🇸..
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
My advise to anyone holding cryptocurrency right now is to invest it and earn upto 70 times of the initial capitals. Holding cryptocurrency will make it reduce because once the price goes down it will definitely go down as well but when you invest it, you won’t have to worry about anything
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Angela Christine for I and my family
Venture Capitalists Bernard Arnault and his peers have swooped in on the opportunity to reap off the masses once BIRK begins appreciating. The sandal is a personal favorite though.
I know of a Birkenstock shopper in Berlin that owned equity under L Chatterton that privately manages the now publicly listed BIRK. She asked me if I was interested in getting shares early so as to earn a carry when they float the company.
Interesting. I would have swallowed up that offer. Are you fr? What do you do? Are there tools that allow investors to invest in companies before they hit the stock market, multiplying those potential gains that otherwise wouldn’t be available after the initial public offering.
I have used the same money manager for close to 10 years. We got in fairly early with a modest amount of money. Inflation has eaten away at the nest egg but we are lucky to have Monica Mary Strigle look after it diligently like she has done the past 8 years.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
you are right. it's been a brisk tailwind for lnvestors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financiaI advisor
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Investing in single stocks is not a scam. Imagine investing in NVDA just last year, you would triple your money. I invest but only in real companies like, google, meta, Apple but not small companies. UPS, FedEx, Caterpillar, Home Depot and Disney are very good investments..bonds are very slow to generate any reasonable wealth..that is just my opinion. From Canada 🇨🇦
Idk man i like crypto better my crypto portfolio is up 90% ytd my etf portfolio is only up 15% i just like the risk plus im still young if it goes to 0 im okay with that
Can you please make a video that walks through how to choose funds in a 401k please!? Thank you!!!! Your videos are so helpful & fun, yet so simple & uncomplicated!!!!
I follow Our Rich Journey on RU-vid. Best advice on how to get started. I’ve accumulated so much knowledge from them not to mention a ton of money gained by investing responsibility
@@jillmorrison9883You have 3 basic accounts across the board. 401k, Roth, and HSA. 401k- is pre-tax, you pay taxes when you withdraw at retirement, Roth- you pay taxes up front so it’s tax free at retirement. HSA- is pre-tax, and taxed at retirement, But you can use it to pay medical and essential save 22% on medical bills 1.Companies sometimes offer a match on 401k, so always invest as much to get all the free month. 2. Then you should invest into a Roth, and max this out first before going to 401k. 3. Then sometimes you may have an HSA, which is similar to a Roth, but used for medical expenses, right now. This is big b/c if you make more than $44k it’s taxed at 22% tax bracket. So anything in HSA that’s used for medical expenses gives you a 22% discount, b/c that money is not taxed. 4. Final investment, after Roth and HSA are maxed, is to work on the 401k. But make sure you have an Emergency fund set up, b/c that is basically insurance against loosing your house or cars. Or getting into a financial bind.
My index funds outperform the s&p 500 without the high fees. Are you a fund manager? You are commenting A LOT about how good mutual funds are. Believe what you want, in the end we’ll both be doing well if we’re investing in either avenue.
@@cody5596No, I am not a fund manager. There's just so much misinformation. I try to inform people with accurate information. I don't know why everybody continuously mentions high fees. I consistently pay half a percent or less across the board on my mutual funds. The funds I own typically do 1.5 to 2.5 percentage points higher than the S&P meaning I typically get a 1 to 2% higher return compared to the S&P. I'm not aware of many index funds that outperform the S&P simply because they are designed to track it exactly. They're not supposed to underperform or over perform by their design. I'm not saying a few don't but they are intended to return exactly what the S&P 500 returns, which is why I prefer mutual funds over index funds
A lot of people have made millions with crypto, but for me, it’s far too risky. Is it a bad investment?? Not sure, but there are also tons of people left holding the bag, as seen a couple years ago.
I'm confused by your opinion that investing any extra money into crypto is ok when crypto only has perceived value but investing in individual stocks is bad when you can look at facts like increasing revenues, good balance sheet, increasing market share ect. 🧐🤔
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
lol putting crypto as the number 1 bad investment just as Bitcoin is hitting new all time highs. Learn Bitcoin. Not only is it an investment, it’s the best investment.
I agree. Institutional investors are committing serious capital and the approval of the Bitcoin ETF means BTC is here to stay. Great long term opportunity for retail investors to build wealth.
I think most crypto is a scam but I own a bit of Bitcoin and Ethereum. Could be the future of currency or it could go to zero. NFT's though make no sense to me, who cares if you have the original.
I was in crypto for a long time but recently got out. The fact every says "this coin is worth this much USD" says it all. If you're always pegging the coin against fiat, it implies the true value is in fiat. Just my opinion. Also the tax implications in Australia are too difficult
I definitely disagree with picking individual stocks.. if you stick to blue chip companies it’s worth it. AMD, Google, Apple, Amazon. Hell even AT&T is paying me good dividends. I’m up like 42% in the last year, mostly picking individual stocks, I do hold VTI it’s now like 20% of my portfolio.
Aggressive growth funds with the same holdings are up the same amount in the last year. They do the work for you so you don’t have to stock pick. Also their risk mitigation and reallocation will typically be better. It’s for people too busy to watch the market.
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson 🇺🇸🇺🇸🇺🇸..
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
For some reason, they don’t think fees matter. They only look at the returns. When accounting for the returns and the fees, I haven’t found much of an incentive to buy mutual funds over passive index funds or ETFs. Dave has said before that he doesn’t like ETFs because they can be traded throughout the day and that encourages day trading. Doesn’t seem like a great argument to me and ETFs have worked great for me so far.
Because Dave Ramsey and his possey of morons give financial advise to two subsets of people: The dirt poor and zero money handling skills, and the ultra wealthy trying to protect their assets. Assuming you probably don’t fall into either of those categories don’t listen to a word they say.
I'm trying to avoid new buys now in order not to get sucked into a bear trap. On the other hand, I’d love to know best possible areas and ways to invest amid downtrend, my goal is to retire comfortably at a ballpark of $1.2M
In my opinion comfortable retirement all comes down to how you want to live your life, if you pinpoint a particular amount to retire with, then it's only right to plan with a well-qualified advisor
I agree, the role of advisors can only be overlooked, but not denied. I remember few summers back, just after my awful divorce, I was in dire need of investing guidance to keep my head above water and thankfully, I came across someone of grit, helped a lot to grow back my reserve notwithstanding inflation, from $350k to nearly 7figure as of today.
Interesting, I’ve actually been looking into getting one, lately the news I've been seeing in the market hasn't been so encouraging. If you don't mind me asking who's the person guiding you?
She goes by ‘Wendy Birkett” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Unbelievable, Really there is no better feeling than coming across a similar name who has helped change ones family life financially, Yes i know her and honestly i can testify her strategy is amazing and truly worth giving the shot.
I think you forgot to list actively managed mutualfunds. You are droping "indexfund" many times - why not just straight up say that management fees are a "trap"? When does the Ramsey investment advice finaly switch to broad market indexfunds?
I'm amazed to see how these "financial advisors" confuse terms themselves. No wonder regular Jo cannot comprehend it. When he said 'Mutual funds" as counterpart to individual stocks he actually meant "index funds". And they are represented by mutual funds and ETFs.
Not believing in bear markets is an investment trap. I don't care how much the data shows mutual funds are safe investments, EVERYTHING on the stock market goes up and down... If you're like 75 years old you don't need to be withdrawing retirement income in a recession! So I would put the bulk of your investments in bonds if you're in your twilight years, you ALREADY have amassed your wealth, and you just can't afford to lose anything.
All good content, but at 5:35 Mr. Kamel mentions "...buy stocks from 90 to 200 companies chosen by a professional fund manager..." when describing what a mutual fund is. I may have misheard, or he might mean something else, but I think stock mutual funds can have many more stocks than this. For example, a mutual fund tracking the S&P500 can have roughly 500 stocks in it. Did I misunderstand?
There’s nothing wrong with buying single stocks, but you just don’t put all of your money into one stock. Break up $10k into 10 different stocks and you pretty much have a mutual fund with no fees. Look for companies down on industry news or temporary things like when Bud Light took the hit for stupid marketing.
Gold is not an investment and ive never heard it called an investment. It is an asset that has no volatility. If you want to generate wealth, invest. If you want to keep your wealth, buy gold.
Bonds are great for risk management during retirement, but only if you don't have much in them. Drawing from bonds when the market is bad allows you to sleep at night and protects against selling when the market is down. For us the bond amount is less than 10% of holdings and makes around 4-5%, but we could live around three years on it easily while the market figures itself out.
This is some Boomer advice and very outdated! Put all of your money into a slow moving Mutual Fund and wait until you are old to use it? Its 2024, index funds are better, you can utilize single stocks, long dated stock options in great companies like AAPL, AMZN, META, and such, and put in some with Crypto. WIth this type of balance, you will be making money in the short term and long term so you can actually use the money earlier in life. You have to keep up with the times!!
Apparently as a younger investor, you clearly don’t even know that there are index and actively managed mutual funds. You are not going to do very well with investments if you can’t even get the basics!
@@chrisforker7487Terrible assumption! I'm just about 50 years old. Currently with $300k brokerage account, with $90k crypto. Made $30k with LEAPs and regular options in Q1 2024 alone. Took out $100k last year to buy a house. I have made twice my 401k in 3 years. Took control of my own money and decided to create wealth! Please do some research, we've been fed a lot of bad information.
@@chrisforker7487 Almost 50 years old. My current brokerage has $300k with $90k crypto and that's after taking out $100k to buy a house last year. I made more in 3 years with stocks vs. putting money in my 401k for 20 years!
@chrisforker7487 Almost 50 years old. My current brokerage has $300k with $90k crypto and that's after taking out $100k to buy a house last year. I made more in 3 years with stocks vs. putting money in my 401k for 20 years!
Inflation has already happened. Your little internet coins are still useless for any actual meaningful transactions And gold gets about half the rate of return as the stock market for the past 80 years or so
Well considering the average return for gold is about half that of the return of the stock market for the past 80 years I'd say that's a track record I'm perfectly comfortable with
Why save money using a low cost platform to buy globally diversified portfolio when you can pay a Ramsey approved smart vestor pro load fees and ongoing management fees. Are you an idiot?
Bitcoin literally has institutions ETFs allocating since January this year. You mean to tell me that TRILLION dollar institutions are inferior to the Ramsey way? Hmmm fidelity, Black Rock, etc... The dollar going to zero has a higher chance
A lot of crypto is just an internet meme but some crypto is serious currency. The entire concept is decentralized banking. Crypto removes the need to deposit, withdraw, and transfer money at a bank. The major hurdle for crypto and it taking over the world is everyone being willing to rip off the fiat currency band aid to use crypto.
I have invested $4000 in Bitcoin last November 2022, and it’s $20,000 now, and invested $3000 in SOL when it was $19, and guess how much SOL now ($190/ea).❤ Crypto is not a bad investment anymore George😃
Not for everyone, I’m in retirement and diversified in all stock. I take some profits off the top to keep in cash for living and can easily outlast a 3-4 year recession without having to sell.
I bought 400 euro of bitcoin last year, but was worth 890 euro this year 😂i sold 500 of it and used that money in s&p 500. Now I have money in bitcoin and if I lose money it does not matter, it is profit only
A caveat about mutual funds: they typically have pretty high expense ratios and underperform index funds. Though that's not guaranteed -- Schwab's only way to track the S&P 500, for example, is a low fee mutual fund. It has basically no expenses and tracks the highest performing index on the market. Not even sure why it's a mutual fund rather than an ETF, but hey, it's their company. But ETFs are almost always way better.
Seems to be a lot of people here that misunderstand the meaning of index fund and that it is a description of how the ETF/mutual fund operates.@@chrisforker7487
Hit $250k today, I'm really grateful for the knowledge and nuggets you have thrown on my way over the last few months. Started with $15k in August 2023
Single stocks can work but only if: 1) You learn to valuate each stock you buy so that you are getting it for less than what it should be worth 2) Diversify into at least 5 stocks in different sectors 3) spend the time each week to keep up with your stocks to ensure they still have the same value as when you bought them 4) you have a steady hand and heart so that if your stock drops or jumps you do not panic buy or sell It is very hard to do which is why for 95% of all people the mutual funds, or more likely index funds, are a better play. Then you can buy it and forget it.
You make good points. I do not understand the push to mutual funds over index. I have done well with QQQ and ask you to compare it to your favorite mutual fund over various timelines like 10 years 5 years and 1 year. Thanks , and no crypto for me.
Why do you think index funds are different than mutual funds??? The original index mutual fund is the S&P 500. There’s index MF and actively managed MF.
@@chrisforker7487 Why do I think index funds are different than mutual funds? Several reasons, first it takes 3 days for a mutual fund to clear brokerage instead of same day. Second, index are usally passive rather than active for mutual. I trade SPY and QQQ index ETFs. My primary issue is which performs better. So I ask you since you seem to favor mutuals. Please do a compare in your best mutual to my long time favorite, QQQ. By the way, I also do covered strangles. Highly liquid and with high probability for trading. Can I even do that with yours?
@@chrisforker7487because "mutual funds" are synonymous with actively managed. Unless you specifically say "index" the context, especially with Ramsey and affiliates, they mean actively managed and higher fees.
@chrisforker7487 The S&P 500 is not a "fund," it's a stock index. You can buy funds that closely reflex the S&P, but the S&P is not a fund, and you cannot "buy" it.
It's because Ramsey makes money off of them even though picking the outperforming mutual funds year on year _and_ then doing better after expenses is basically impossible. If you had such knowledge, you would make a lot more money with it than just putting meager retirement savings
You should really do your homework on crypto and NFTs before calling them out like you did. Your description showed extreme ignorance and was very surface level
I’ve been dollar cost averaging into Bitcoin and ethereum since 2020 and try to keep it at 5% of my total investments. I don’t have debt, so I can afford to do this. It is wayyy by far my top performing investment so far. I will be holding it for long term. If it all went to zero, I would be totally fine.
George is the future of the company. Why would he decrease company's revenue by demoting mutual funds managers? The company got its cut by recommending them.
@@tanpham7411you are probably right. But still it kind of feels like his personal beliefs are different, just from the way he sounds, unconvincing, when trying to pitch mutual funds. I understand him, can’t bite the hand that feeds him, but kind of going against what he feels is right
@@dominileather764 Yeah, unless he can brand himself out of Ramsey like how Anthony O'Neil did, we can expect George to follow whatever Dave is preaching. That may include the infamous B.S 8% retirement withrawal rate as well.
Great video. I will top another one up with your list of scams "mutual funds". cant believe you actually arent teaching your audience about index fund investing which is over 90% cheaper.
The worst investment I have made is watching this video. I want my 12 minutes and 46 seconds back. Same advice, different day. Sound financial principles are indeed timeless, but how long will this channel survive when it literally repeats the same talking points every week.
I DO NOT, handle my retirement investing. That's in a 401K with my companies firm of choice. The rest of my retirement is in my traditional IRA.... I personally do not believe anything said on Crypto. All the major investment firms are moving to create crypto ETF's in this current cycle. I'm talking a lot of the big firms we all keep our fiat currency in are going to be providing crypto retirement accounts. There's now enough data to show Bitcoin does move in cycles and is progressively increasing its value over time much like the S&P 500... Crypto is decentralized banking, a reward for computers completing algorithms. It's that simple and it all lines up with certain religious prophesy of a cashless society.
I'm shocked that a Ramsey personality recommended investing in index funds. They always deny and say that mutual finds are better but don't mention the higher fees that eat away a lot of your gains.
The higher fees eat away nothing because you're outperforming the S&P by 1 to 2% with normally a .15 to .5% expense ratio meaning you're still making substantially more money. Dave himself has says that index funds are fine and can be used with great success. But that there is mutual funds that outperform index funds. So why not buy the ones that outperform the other?
The fact that crypto was #1 proves that you're no financial expert. You don't even recommend a 1% portfolio allocation to one of the best performing asset classes. What a joke
….im state certified for insurance products and please no one fall for the Term Life Insurance trap. It’s like car insurance….you pay in the event something happens and if it didn’t the insurance company keeps all the money unless you convert to a whole Life Policy. Indexed Universal Life tracks the S&P 500 to provide returns. I love your channel but your views on life insurance is probably how it used to be many years ago! And it’s not all about commissions! You are required to act as a fiduciary to clients under FINRA regulations. Sometimes you advertise clients to do things that don’t help you out at all!
If there's HYPE to buy gold, silver or a particular stock, and everyone falls for it, the hyper guy who already bought sells after the sheep have pushed it up. Down it goes.
What a load of baloney. Single stocks are not a "trap". You just select one that you like (e.g. Nvidia) when you can get it for a good price. Then, later, you sell it with a profit.
Bonus tip: Beware of "Investing in yourself." People who say that are usually justifying frivilous spending. Investing in your character is free. Actually, it might save you money as you build discipline.
100% disagree with the single stock. List all your expenses. Find out which companies you pay. Then buy enough dividend paying stock to pay that bill. Once that is done inflation becomes your friend because when prices go up so do profits for the company aka the dividend.
@FLIPPHONE69 that true direvatives of stock (mutual funds). If the dividend is cut you can cut back on the underlying expense (cancel disney + when they cut the dividend). And in may cases the dividend grows faster then cost if goods. Or you pick up stock during a predictable dip (buying disney stock during the writers strike).
Another lousy investment is taking out student loans for a dubious degree. I don’t care how emotionally fulfilling your college experience is, if there’s not a good likelihood that your degree will more than pay for itself, don’t do it!
If you listen to this guy you’ll do well but will never make real money. Real money is made investing in big companies like nvidia meta or Amazon and bitcoin and cryptocurrencies.
A reputable cryptos like Bitcoin, Ethereum, Shiba[sic], Cardano are good as USD because of its global autonomy of transactions. Gold is real money, comparing gold to the index of S&P makes no sense, it is not a growth equities.
