Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$1.3m Less than 3 years until retirement.... I have about 100k in cash
Congratulations!! I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market.
Man bro, you nailed it. I'm doing some research on VOO now, seems very solid. Congrats on nearing retirement. 3 years will fly.....unless of course you hate your job lol....
Love my job. 30 years as a mechanic for a Major Airline. Great company. Just wish I knew about stocks, index funds, growth/dividend paying ETFs years ago. But still with a good CFA I am doing great. It's a nice hands-off way to approach it. *Lina Dineikiene* manages my funds and she has a great team. I conservatively follow her recommendations and market entry and exit points, and tbh this system makes it possible for me...
Out of curiosity I looked up her name on Google. Found her webpage. I've gotta say her credentials are just fine! Good enough to lay any doubts to rest. I popped her an email.
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving.
Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
He's truly inspiring, and you can hear how much his closest business partner Charlie Munger admired him as well in our interview with him here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-F6s2HAzMeL0.html
Thank you Warren and Charlie for the best and yet the cheapest financial and life education one can possibly receive. You’ve both led by example and showed the world that a rich man is much more than a number.
Salam dan terima kasih atas pembelajaran dan inspirasi dari Mr Warrent yang dapat membuka cakrawala berpikir kami untuk dapat ikut berpartisipasi di bidang ekonomi digital
If benjamin Graham is the God of stock market, then Warren Buffett is the king 👑 n master of stock market, when ever these people's says or speaks it have deep meaning. Out of 100℅ only 1℅ can understand or decode it. 😊
4:42 just because you can do something does not mean you should. You could Buy a car everyday and then the next day you could sell that car and buy a new one. Just because you can doesn't mean you should
- The importance of clear communication about business attitudes and investment philosophy (0:23). - Buffett describes effective investment strategies using a baseball analogy, emphasizing patience and selectivity (2:19). - The need for honesty in business and investments (44:45).
The one thing I don't get about Warren Buffett, is why wait till you're dead and gone to use your money for good causes!? Why not enjoy the joy your help will bring to needy people while you're alive and able to appreciate it!
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He's fortunate he can eat the kind of food in his diet (burgers, fries, coke, hot dogs, etc.) The fat content of those, and the dental problems from the sugar and citric acid in the coke, really takes its toll on your body after many years of consumption. The best diet is - assess the fat content of the food and eliminate sources of fat in your diet, as much as possible. You don't have to be religious about it so much, but make an effort to not intake fat in your diet.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. 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
The strategies are tough for the everyday person. They are mainly executed successfully by professionals who have a considerable amount of skill and knowledge to execute such trades.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
“LAURELYN GROSS POHLMEIER ’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
