Elizabeth Greenhunts is the licensed planner I use. Just research the name. You’d find necessary details go work with a correspondence to set up an appointment.
Recessions are an inherent part of the economic cycle, so it's essential to be prepared and plan strategically. I'm particularly interested in seeking guidance from this advisor, given their expertise. Could someone please assist me in getting in touch with them or exploring the possibility of working together? I would greatly appreciate the opportunity to tap into their knowledge and insights.
Capital preservation is crucial. Losing your initial investment can significantly hinder your ability to generate returns, making it essential to prioritize protection over growth. Think of it like this: there will always be multiple investment opportunities (trains) passing by, but if you lose your capital, you'll miss the entire journey. Safeguarding your wealth ensures you remain on board for future prospects.
Building wealth involves developing good habits like regular investments and solid financial management. Don't shy away from this crucial topic -it's essential for securing your future. I wish everyone reading this success and prosperity in their lives.
Now imagine how difficult it is to meet those simple needs if income is limited to a monthly Social Security check. Unfortunately, millions of people now face that life-sobering challenge because they could not set and address their investment goals earlier in life.
With the economic difficulties the nation is currently facing in 2024, what plans can we put in place to support our income while we adjust to this time period? I'm determined not to see my $500K in savings disappear, especially after all the effort I've put into building them up.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals, but you need to be a skilled practitioner to carry out such successful transactions.
Indeed, that's accurate. I've been in contact with a financial advisor who manages the entry and exit strategies for my portfolio, which started with an initial reserve of $80K and has since grown to around $550K.
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
There are many independent advisors to choose from. But I work with “Jessica Lee Horst" and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
Just ''buy the dip'' . In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
Yeah, brokerage AdvisoRs could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $140k ROI, and this does not include capital gain.
I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
Jenienne Miniter Fagan 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.
When you see your house “value” go up, it’s actually the dollar losing purchasing power. Unfortunately, salaries aren’t keeping up with the devaluation.
How do people like you type stuff like that and not realize you're delusional? When you think your asset cannot go down in value, you are not grounded in reality.
And the government is licking its chops because when you sell, you’ve made money right? No, you haven’t made money, but it looks like it on paper so the government can squeeze some more dollars out of the taxpayer. Do you have two choices move every couple of years so you can avoid capital gains or you have to stay in rental units and do the exchange every time you sell one
@@underleft and guess what the house values are doing as we type? I live in one of the strongest real estate markets in the country and sales have now stopped
I was listening until the guest said "so if you ever need a million or two (dollars), you just sell one of them (properties)" His dad had over 1,600 units in Canada. Daddy's money.
It angers me to hear these two fools telling people that they have money but they are going on vacations and buying luxury items, people can't even buy food or pay the standard bills, people are broke now but when the government helps they only help the banks and renters will go stay with family no one has money 😂😅
I agree! He grew up with a father who was VERY successful (1600 doors!) and financially savvy, and taught him from his knee. Most people are not that fortunate. I don’t want a lecture from someone who can sell off a property for 1 or 2 million to buy their next vanity project. I have three young adult children who can’t afford to buy a house and it angers me to hear this guy talking about collecting properties to grow his already sizable wealth like it’s a game of monopoly when many young people will never be able to get out of a rental.
envy equals stagnation...have fun with that. Im sure in your next breath you will be saying how worthless and lazy people are who get money from their daddy. At some point someone in their family worked hard and smart to get ahead while people like you complained about them
I am here laboring my life away to try to provide for my family and all the while never getting anywhere. The few at the top along with the government interventions to keep them there is destroying the life’s of most Americans. I can’t see how this corrupt system can last.
Yeah it’s currency debasement alright . If we had a real economy real estate shouod go up 2 percent a year . It’s a non productive asset . But nope we have had currency debasement on steroids last 25 years and few will own everything from land to assets . The currency fire 🔥 started real bad after the 911 call ☎ was made in 2001
So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
@@ChopperChad and the ceo still makes his 100 million just like all the rest of the failed companies like GM, AiG, of the last 45 years , the CEOs now own the world . The corporate oligarchs at the top got bailouts while the public now gets paid in confetti
@@robertcooperAZ of course, but it wasn't the economy that caused these intel layoffs. Every other chip maker, except intel, set records on top of records. Thats your answer right there.
I'm buying a cheap house in a small town in Canada. I work in the oil industry and I don't have to live in the city. 50k 1200 Square feet. Ride out the depression that's coming
What's good is if you have been homeless for awhile or living in your car then nothing much will change for you if there's a correction or crash. Life is Good.😂😂😂
Just FED stop kick can to the road. Let the recession or even depression happen as it naturally need to be fot reset- it will prevent long term disaster.
Tack gode gud för att jag köpte hus 2004 en bra bit utanför en större stad i norra Sverige. Och att jag och min familj stod emot detta diaboliska vansinne 2021 och 2022.
Todd thanks again for a great interview. Chris is such a wealth of knowledge. We need this preparation and I am hoping for a reset. What are your thoughts on the NAR changes coming next week? Have you done a video on this NAR Chaos? We are seeing agents leave in CT. Thanks
What is slowly unraveling is income is going down and most people have no idea how expensive it is to maintain a home. Even if you still have your job, many companies are eliminating OT, sales are down and commission and bonuses are reduced, while maintaining a home has increased substantially from property taxes, insurance and maintenance. Even the easiest repair is $250-$350. If you own a home plan for maintenance costs to average at least $350 per month above and beyond your mortgage payment. Subprime FHA will loan up to 42% DTI and some people report it is as high as 48%. People with that high level of DTI will never be able to maintain the home especially during an economic downturn.
Correction is necessary to get back housing affordability, the market makes it, but regulations might be necessary to prevent speculation by big corporations that might decrease affordability to common people again in the coming years. Housing affordability is a key piece of the American Dream.
With the real estate taxes you never actually own anything, Your a glorified renter, And once you get your home paid off at the age of 60 years old in golden years, 1 hospital visit and suddenly you can’t pay your taxes, Here they come to take it.
Totally agree! I can not come up a head because I having playing by the rules. Now students loans they are less amount offer and higher interest rates. As a single parent it’s so difficult to send your kids to college when you do not make enough to pay for their school but too much to qualify for a comprehensive amount to afford.
@@djibber student loans is modern day slavery, they have just figured out a way to turn everyone into slaves by saddling them with debt, and when they are fresh 18,19,20 years old. That keeps them plugged into the American nightmare. With that degree you get, Ohhh lucky you…. You just moved your self into another tax bracket. The system is rigged in the house favor, On top of that your paying interest on the student loan, Fortunately I paid my student loans off, and every since looking back, I was an indentured servant to the government.
The three step forward and the three step backward applies to the RESIDENTIAL Real Estate. Not the COMMERCIAL Real Estate. The commercial real estate will need to reinvent itself or become something else since most of the transactions are happening online and in person.
This time is different. There are to many safety nets for markets to crash. We will see minor corrections but highly doubt there will be a major crash. If you want to build wealth and retirement you need to be invested long-term in the financial markets. I have always stayed focused and never moved my money around in my 401k, annuitues, and IRAs. Me and my wife continue to put 17% into our 401ks while having a CFP manage our annuities and IRA. Doom porn is getting old. Been hearing it since 2007.
@@Phila80 there are more people with more money now, than ever before. That’s what the true difference is. Without IT, AI, Social Media platforms where would we be? We would probably be just better people, authentically.
This not about what you did or how you did it, it your 3 or 4 neighbors on your street. The 20 or 30 households in your block. People are losing their jobs, insurance prices, food prices. This is over. I guarantee we will be in depression for the next 15 to 20 years. We will also go through many wars.@Phila80
@@stevet9652 Doubt it. Stop listening to the doom porn on these channels. I'm a Gen Xer and have been through 6 corrections and 4 recessions. Economies and markets always recover and go higher long-term. This country has been through worse. Civil War, The Great Depression, WW1, WW2, Korea, Vietnam, 1970's hyperinflation, 1960's civil unrest, and many more travesties. Concentrate and invest in yourself. Pick a profession that is in demand and pays well such as computer science, computer engineering, IT, engineering, actuarial science, accounting, finance, veterinarian, doctor MD, nurse practioner, dentist, physical therapist, trades profession, and many more professions out there. These channels are nothing more than money makers and sales platforms. I don't watch much of this nonsense anymore.
The govt FHFA is preventing the loan delinquence rates and foreclosures from rising by subsidizing borrower payments with massive modifications and forebearances. They dont want prices to fall as a result of deliquencies as it pulls down other marginal loans and creates a self fullfilling waterfall affect of lower prices and more people walking away as equity disapates. FHA delinquencies are as high as 2009
I’m just so thankful our home is paid off. We are a few years from retirement and keeping our 20 year home that we have done highend renovations ourselves to save money. I feel so sorry for this younger generation with this higher homeowner situation.
Todd, this was one of your best ones yet. I love Chris' enthusiastic, yet realistic, outlook on real-estate and the market. Thanks a million, brother, for these videos!
All those credit lines , equity loans and 2nd and 3rd mortgages need to be paid back. All the assets , autos, boats that were bot with that loaned money are now losing 1/2 the value from when they were bot.
People keep talking about another recession but having lived through a number I think this is different. Many fundamental problems and much financial distress even before the stock market/property market/financial products/debt bubbles have fallen. Much change and human pain. If Dems get Presidency/Congress then I think much of USA will split from DC, Dem cities & E/W coasts.
For those who bought at the peak and those who were borrowing against their equity to pay bills are going to be affected. Also those institutional investors who are now trying to unload housing inventory oh and the air bnb owners who will no longer be able to pull in the profit margins they need to pay their mortgages and expenses
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Thank you for this here on RU-vid... I am a doctor from Houston Texas, it was recommended to me on RU-vid, and I started with $10k and accumulated $52k in a week
If I am wanting to downsize the size of my home but will need another home (less square footage, less yard, no pool) since I am still raising kiddos would this be a good time?
Houses in my area Myrtle Beach Sc are selling on average in 100 days, inventory ratio (is that how it’s said) is 4.2 months. I just don’t know if I should wait but as single mom these high bills (electric $600 a month!!!!) are killing me.
What’s your guest is having to have tenant and living in your own home but the problem is finding a reputable, responsible tenant. Don’t have to worry about payments or destroying the property.
@@popeye8843 it’s just part of the game. You loose some and you gain some. Regardless at least 50% goes to your pocket if you have fully paid off properties. So over all it’s a good investment. Just keep up with the maintenance. Consider that as your real job. ✌️
I agree w most of the stuff that were said but I think one needs to be aware of the geopolitical aspect when talking about the market. I can follow the price but the price is affected by the geopolitics. Gold has been going up and that has to do with purely geopolitics. Dollar will be affected majorly because we have neocons running our government who act like a two year olds and no nothing about economy and do not care about the people they r supposed to serve.
Don't know about this guy but I do know about Ken McElroy. He has over 10,000 doors. Last time he gave an update it was that 3% of people were behind with another 12% going from standard rent to a bi-monthly payment plan. Ken also said that he has not raised rents in 2 years. Even his new tenants are getting the old 2022 prices.
The Stock market is defiantly a glorified casino. The way it was originally intended to work was you would invest in a company and when it made money you made money especially if it was a startup or expanding business. But now we have stocks like Tesla that went way up in price on pure speculation and fan boys while the company was taking losses. Then we have people who have lost their bearings and values and just dont care as long as they make a few bucks.
I will be moving my 401k into conservative bonds. I have about 30% and have made $900 this year and never lost so far. It doesnt grow as big as the stocks but ill switch and when the stocks go down after the election.
This interview is a perfect example of eating the meat and spitting out the bones. Some decent points mixed with some nonsense, especially about rates possibly going up. We are past that point , especially with this election coming up.
I got into investing into stocks at the beginning of the year. I invested into gold stocks and gold miners and the energy sector. Through smart investing I was able to increase my earnings by 22% but once I saw Warren Buffett sell half of his Apple shares I pulled everything out
It all comes to patience. People don't have patience anymore they want their money and they want it now. Just wait there will be a 40% correction in real estate. Just keep dry powder available but my dry powder is gold. That way I'm not losing purchasing power
Renting is actually cheaper than buying in most places. Buying a house to live in is NOT an investment. Physical gold is very hard to store and protect from thieves and governments. You can run but you cannot hide, unfortunately. Proper diversification without losing overall rate of return is almost impossible in todays world, we are too interconnected now. Some lucky people will sure make it big. Most will suffer.
It doesnt matter, the govt owns the agencies and backs these bad loans, as there arent any stockholders or capital to cover losses other than taxpayers. The govt will end up owning and either selling or leasing these bad properties and basically nationalise part of the housing system, financed by more debt.
Real Estate has gotten out of control. Families cannot afford a roof over their heads. Shame on liberals and all in power who spend and spend and spend knowing they keep kicking the can down the road. Now look at the mess we are ALL in. Do the rich honestly think this will not have an affect on them as well. When people have no money to spend businesses go bust!!! People are losing jobs, even when working 2 and 3 jobs they cannot afford rent, food, utilities and insurance. Forget money for eating out, clothing, schooling and entertainment. This is not living, it's existing and people are tired of it. Tired because the government takes care of itself and heck with the rest of the people. We are over taxed and instead of taking care of Americans and our infrastructure they send the money, jobs and manufacturing out of the country. Shame on them.
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It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
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Evelyn’s analyses go beyond surface-level trends. She delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market.
Kids today are screwed, they have to live in the basement till Mom and dad are dead. Then they can buy back the house after Mom and dad reversed mortgaged it up......😢
In bad times, I bet many home owners that have more rooms than they need will rent out their excess room for extras cash to stay afloat 😜 Specially those owners who have under 3% 30 yr fixed mortgage.
