I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.
Currently, high interest rates are impacting 20+ year bonds, REITs, and Utilities, presenting a favorable opportunity for Dollar-Cost Averaging (DCA) or investing. i'm looking to invest around $250k. Your insights in a video on this subject would be greatly appreciated. Thank you
Dollar-Cost Averaging is wise, especially in volatile markets. Considering the market conditions you've mentioned, thorough research and consulting a financial advisor are vital to align investments with your goals and risk tolerance.
I used to feel overwhelmed by the vast array of investment options available, but my financial advisor changed everything. They simplified the process, offering clear recommendations and ongoing support. Thanks to their guidance, I've been able to build a diversified portfolio that's well-positioned to weather market fluctuations and achieve my financial aspirations.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
She goes by ‘Jennifer Leigh Hickman’.......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
I finally gotten to 1M on my portfolio. Looking back my balances totaled $135k 8yrs ago. I haven't done anything special except let it grow. My income has doubled so I'm contributing more but I think interest has done most of the growth
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
@Penelope-Valentina The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@@queenidowu13 Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Thanks for increasing my knowledge this topic, I recently subscribed to your channel. I want to give a big shout-out to all those working tirelessly to earn a living and build wealth during this period. My wife and I are both retired as an engineer, we are debt-free, and we're living smart and frugal with our money. Despite the economy challenges, we're still earning passive income thanks to our savings and investments. Investing lifestyle has enabled us to earn a steady monthly income through passive means, and we're grateful for it.
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
The key to building wealth is to start while young. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great book for teens.
Thank you very much for this wonderful video. To whoever is running this channel, I just want to say "keep going", you're inspiring someone and changing a life.
Hi, sounds great. I would also like to reach fire some day, but i don't know if I would be brave enough to actually quit my job. =) When do you expect to retire?
Right now more than ever you need to consistently invest in to solid index funds/ ETFs with low fees. Market is down but not all companies that are down are going to recover, but those ETFs will keep you much safer while investing in this bear market! This is how I made over 6 figures during the last bear market!
i luv ur channel and i just subscribe but moreover, i just buy a laptop after hearing much about investment in stocks market but pls can you recommend a good platform in which i can start and a particular stock ?
Thanks Mike, the platform would depend on which country you are in. For a beginner I would recommend starting with an index fund following either your local market, or a global index. Once you learn more about the stock market you will better know which investment strategy that you prefer. =)
@@mikedaniel603 Yes, you can't use them because they are US based. Degiro or trading 212 can be alternatives to look at that I think should work in Italy (although I have not used them myself). Otherwise you probably have some local alternative. I would also investigate if Italy have any specific "trading account" form. Many countries have specific account where it is easier to trade stocks without generating capital gains taxes for every sale for example. I am sorry I can't give you more advice about the specific situation in Italy.
New sub here, loved the content. Good point raised that the rule of 72 doesn't factor in any tax - easily forgotten by most. Keep up the good work on YT!
For anyone who wants to know "why 72?" the answer is 69 (point 3). If you have any amount and wish to double it at 1% per period of time, your amount will have doubled from your starting amount after 69.3 periods of doubling (natural log 2). The rule is 72 because though marginally less accurate it is easier to calculate in your head and approximates well.
Man it sucks that no one realizes that you dont actually earn interest on investments. Ita unrealized gains meaning they dont actually materialize until you cash them out. This is stocks mind you. And they dont compound unless you have dividends. Gains on a stock dont magically buy you more stock. Im so sick of everyone talking about compound interest and loop stocks into the conversation. Oh and by the way usually when you do the math dividends, on average, only end up being a couple percent.
@@parksyist compound interest mate, I’m a fast learner and I have no idea why before 34 I didn’t take finances seriously. Decent paying dividend stocks are a good choice and reinvest the dividend pay outs back into the company/s of your choice (legal & general, Phoenix group holdings plc etc…) Obviously you need diversity but not too diluted. Maybe a decent few companies that could see significant growth in sectors like cyber security (darktrace). I prefer slow and steady growth and reinvest the profits
I'm 38 and just got my head out of the sand ! This year . Only too late if you are dead . " the best time to start investing was yesterday .... the second best time to start is today ! . Yes I'm kicking myself for wasting valuable time but the future is still bright for me/ us , just have to work harder to " catch up " . Being proactive and starting savings for my young son and helping my humble circle of family and friends around me to head the advice. Good luck to you
@@craigerickson8712 so true! I'm about to be 30 on October and just became a life insurance broker so I've opened my eyes alot this year. I have been wasting precious time and opportunities to make money on my money! I never even considered life insurnace as I haven't actually lost a relative close to home to effect my pockets. And now I see how valuable it is and how we need to learn about investing etc to ensure we are financially growing every year we are given an opportunity to live! Now that I have a 2 yr old I'm thinking about all this alot more. 🥴 How have you been doing since you wrote this comment ?
But how does your interest starts to grow on your other interest? do i need to sell my stock or does it go automaticly? The only thing i get is that i may never take the winning interest out of the portfolio. But how does the interest grow on interest if i never claim the interest by selling the stock?
To answer your question, compounding interest is automatic (Reinvesting dividends helps even more). For example, if you invest $100 in a stock and your goal is to double your money to $200. If the stocks goes up 10% per year it will take you less than 10 years to double your money. It’ll take 7.2 years because of compounding. I get your question because it’s a bit confusing at first. We label things as yearly returns, or another time horizon to help us make sense of it, but in reality stocks are continuously compounding.
Interesting! Thanks for the clear demo! What software did you use to make the cute but clear cartoons? I guess you did not draw those figures by hand, did you?
Yes, definitely. As long as you are investing in something that receives any form of return,. It does not need to be interest, but can be capital gains or dividends (reinvested) for stocks for example. =)
It depends. If you have money in a savings account the bank pays interest, maybe either once a year or every month (could be other time intervals as well) . If you are investing in stocks or funds the interest is the same as the return.
Im actually so pissed because i watched multiple videos for about 5/6 months on how it works and never understood it… but then she make me understand in 3:17 seconds without even trying… i really was over complicating things 😖 🤦♂️ 😔
Thanks for the support. I am getting some great insights from your channel. I especially liked the how you compare the telecom company (?) with the banks value. Really puts things into perspective.
Is linkedin the secret to your channel growth? I am just blinking and there you have another 10 subscribers. I am really temped to try out your strategy if I can figure out how to copy it. =)
