How to Grow Your Wealth | Live Q&A

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Today we cover topics to help you grow your wealth.
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Video Resources & Timestamps
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Venture X Credit Card: www.allcards.com/go/venture-x...
Morningstar Article on 4% Rule: www.morningstar.com/articles/...
[1:42]: Morningstar article on 4% rule now 3.3%
[5:24] Credit Card Rewards (BofA Premier Rewards, CapOne Venture X, M1 Finance)
[12:00] Barbell Retirement Strategy
[29:00] ESPP (employee stock purchase plans)
[31:13] TIPS and total return
[39:12] Lump Sum vs DCA into Bonds
[43:10] Summary of the best brokers
[50:47] NUSI, XRMI and QRMI--Good alternatives to bonds?
[56:54] Historical data vs Monte Carlo Analysis for the 4% Rule
[58:45] Roth 401k not separate from traditional 401k funds
[1:02:30] Why and when I switched to index funds
[1:04:10] Amex Blue Cash Preferred
[1:08:00] Opening a Roth IRA later in life
[1:10:00] DRIV -- Autonomous and Electric Vehicles ETF
[1:16:15] META -- Metaverse ETF
[1:19:50] ROTH IRA ladder strategy
[1:22:28] How many brokerage accounts should you have
[1:23:50] 7twelve Portfolio
[1:16:22] Best portfolio for new investors
[1:29:13] Why I changed jobs
[1:34:24] Pros and Cons of 100% TIPS for bond portfolio
[1:39:45] 3-Fund Portfolio + Vanguard Wellington
[1:45:22] China investments
[1:48:11] Market timing and buying individual stocks
[1:54:18] Millennials investing on their own--good or bad?
[1:56:04] Investing in IPOs--good or bad?
[1:56:54] Where to invest short term money
[2:02:00] Chess Puzzles
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Investing Tools
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My Book (Retire Before Mom and Dad): amzn.to/2MsRJ9B
Personal Capital (Investment Tracking, Retirement Planning): robberger.com/go/personal-cap...
New Retirement (Retirement Planner): robberger.com/go/new-retireme...
Stock Rover: robberger.com/go/stock-rover/...
M1 Finance $30 Bonus (IRA & Taxable Accounts): robberger.com/go/m1finance-bo...
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Credit Cards & Banks
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Wells Fargo Active Cash (Cash Back): www.allcards.com/go/wf-active...
Chase Sapphire Preferred (Travel): www.allcards.com/go/sapphire-...
U.S. Bank Visa Platinum (0%): www.allcards.com/go/usbank-vi...
Axos Bank (High Yield Savings): www.allcards.com/go/axos-savi...
OnJuno (free checking): www.allcards.com/go/onjuno/yt...
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Popular Videos
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1️⃣ How to Create a 3-Fund Portfolio: • How to Create a 3 Fund...
2️⃣ How I Manage 28 Accounts in One App: • How I Manage 28 Financ...
3️⃣ 7-Step Financial Checkup: • A 7-Step Annual Financ...
#retirement #investing #robberger
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (amzn.to/3by10EE)
LET'S CONNECT
RU-vid: / @rob_berger
Facebook: / financialfreedomguy
Twitter: / robert_a_berger
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.

Опубликовано:

10 ноя 2021

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Комментарии : 46

@rollzolo 2 года назад

Maybe just me but watching my parents worked and saved and caring about everyone else and now they are in their 80s, never enjoyed the fruits of their labor. Im nearly 60, learning the mistakes of others and enjoying spending while my cup runneth over. Anyone reading this may the Most High shower you with abundance.

@sanjeevp 2 года назад

👍🏼👍🏼 Timestamps are great! 😊 Thank you!

@RickMartinYouTube 2 года назад

so much valuable information from your videos and streams/podcasts - thanks for the efforts

@kevinquinn7645 2 года назад

You touch on a very important point not often discussed in DIY investing: Key Man Risk. What happens if I get hit by a bus? Could my family keep all these balls in the air given my wife doesn't have the same interest in investment? My approach has been to document where everything is in case of an accident and make sure I'm adequately insured. When I reach retirement, I think I'll change approach and put it all in a 70-30 split in a managed service and automatically pull 4% pa. I settled on this approach, not only to hedge against errant buses, but to guard against cognitive decline. My father, and most of his siblings, developed dementia after the age of 75, so I guess I'm a 50% chance of inheriting those genes and automating the future as much as possible seems a good approach.

@george6977 2 года назад

Why not teach your wife to manage the portfolio?

@anujgupta9293 2 года назад

Very right

@flowersfrom7311 2 года назад

Rob, we are not lost, we are watching with rapt attention! :) Thank you for the great content!

@ltmsimply 2 года назад

Thanks for your suggestions and opinion. You answered a lot of my questions and concerns 😟

@alex182618 2 года назад

1:56:54 That was my question. A person who saves to buy a new apartment (condo) within 3-5 years has to keep his money somewhere to save for a closing cost and the downpayment. What is a good place to park one’s cash? The answer was cash, maybe intermediate bonds. Definitely not stocks.

@stumprider5997 2 года назад

I think in a multiyear down market the barbell and bucket strategy one has to consider belt tightening and maybe a part time job.

@danmarkiewicz3697 2 года назад

Hi Rob, Thanks for the great session and I appreciate all the work and prep time you must put into these.

@rightshotphotography2576 2 года назад

I’ve started setting my portfolio to follow approximately the 7Twelve portfolio. I’m a little lighter in Bonds than the guidance, and higher in REITs and Stocks. Also a little light in commodities. I think this is a good balance for me now. As I get closer to retirement (7 years out), I’ll bump my bonds slightly, and my stock portfolio will include more BALANCED income funds (like Wellington). When calculating my percentages, I count 60% of Wellington to stocks and 40% of Wellington to bonds - that way, I’m still keeping track of my allocations.

@anujgupta9293 2 года назад

Thanks for the information

@davefalls6703 2 года назад

This isn't exactly a saving question but I just started a vanguard account and after checking the price of ETF's for stocks in general I have come to the conclusion that now is the time to buy my bond allocation or Treasury ETF now and after the Christmas buying frenzy is over come January or February stocks will start to tumble when the inflation hangover sets. The government is backing off the bond buying so the artificial stock price will tumble.

@freedomlife3623 2 года назад

Wouldn’t be simple just pick a well managed Balance fund (with 70/30 or 60/40 asset mix) when you are retired. It fund manager will rebalance the fund and help to take our own emotion out of it? Maybe keep 1-2 years of living expense in saving account, just in case market crash bad, so your fund get chance to rebalance and recover. Want to save my time to enjoy life instead working on my portfolio, also keep my emotion out of it.

@VietnamSteve 2 года назад

I watch an awful lot of you tube about rebalancing for something I plan to do once in the next 20 years (and repeat 19 times).

@joshuahenderson5399 2 года назад

Thank you for answering my question, I couldn’t stick around in the live stream (I am not wfh ha!) The high level of your story would be that you looked for new experiences that would be valuable for the long term. Makes sense to me and thanks for sharing. Love the channel and really enjoy working through the livestream throughout the week at work.

@slimdawgwoof 2 года назад

The plan would keep track of the different sources but he may or may not be able to withdraw specifically from one source. It might be a prorata on withdraws.

@wineguy2246 2 года назад

Quote of the day "I don't think about it often, maybe when a truck goes by" LOL

@emue229 2 года назад

You have listed topics in the description below, which is the best thing you have done!!

@chkm8k21 2 года назад

Rob…. How about a primer on RMD’s for those of us facing them in the not too distant future. Thanks for your time!

@rob_berger 2 года назад

I'll cover it next week.

@aaront936 2 года назад

They didn't raise ira contributions for 2022. They raised 401k contributions but not ira.

@anujgupta9293 2 года назад

If I have my home paid off , I think I could more money in etf and individual stock rather then 70/30 or 60/40. What do you think about it

@george6977 2 года назад

What’s a safe retirement spending rate? 1.9% of your portfolio is the starting safe withdrawal rate, to be sure you don’t run out of funds in retirement, according to the Morningstar article assuming a 50% stock, 50% bonds asset allocation. They estimate annual returns of 6-11% for stocks, 2 - 3.5% for bonds and inflation of 2.1%. over the next 30 years. How they can do that beats me. Did I misunderstand it?

@goonies_never_say_die 2 года назад

You discuss a lot of mutual funds but I have always wondered whether there is any benefit to investing in a mutual fund rather than in a comparable ETF, e.g., VFINX vs. VOO.

@rob_berger 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-cHjpPRLPhLo.html

@bobdrawbaugh4207 2 года назад

Rob another good video. How would the total return method of rebalancing when using more that one balanced fund work? When each fund has a different allocations.

@rob_berger 2 года назад

Well, if you use just one balanced fund, you don't need to rebalance. If you use more than one balanced fund, my first question would be why. That said, I would still have an asset allocation plan, which in turn would result in a certain % in each balanced fund to arrive at my target. And I would rebalance back to that.

@bobdrawbaugh4207 2 года назад

@@rob_berger well the answer to why. There are two that I really like vanguard Wellesley and Wellington. They have done very well in providing down turn protection and good returns over the years. As I move into retirement I’ll have them set up as you suggest to a 60/40. As my retirement moves along I’ll slowly move out of Wellington which is 65/35 and more into Wellesley which is 35/65. I’ve looked at the 3 bucket that morning star suggest. It seems like a lot of work. Plus both vanguard beats the three bucket. The retirement planner I had look at our plan said it was Ok, it you like balance funds. I guess he doesn’t. What I want is to preserve capital with some growth and income. At this point I’m not trying to beat the S&P 500 or even keep up with it.

@anujgupta9293 2 года назад

@@rob_berger 1.If I have my home paid off , I think I could put more money in etf and individual stock rather then 70/30 or 60/40 as I will consider my home as bond . What do you think about it 2. What do you think state prepaid college tuition plans along with 529. Thanks

@chadwickwood9843 2 года назад

Rob, typo in the description for best portfolio for new investor. Should be 1:26... not 1:16...

@JosephDickson 2 года назад

Credit Card Companies: Here's a novel idea. Give people rewards for not running a balance month to month. 😉

@jamesharris883 2 года назад

Rob, can you cover the differences between the 3 and 6 fund portfolio?

@ganbaj2412 2 года назад

rob, greetings from the other side of the world, sunny singapore. i watch all your videos and have picked up a lot. i had 2 Qs for you - 1. as international investors, we arent able to open accounts in capital one or M1 to analyse our portfolios and also a lot of singapore dollar hedged funds dont exist in their database. morningstar singapore is the only one i know that allows it. do you have thoughts on similar platforms where i can track and analyse my portfolio? 2. its not efficient for non americans to invest in bond funds or any dividend paying assets as those attract a 30pc withholding tax by america. some options such as UCITS regd in ireland, EU etc attract 15pc. any ideas on bond fund type options for international investors in order to reduce the std deviation of the portfolio?

@rob_berger 2 года назад

As to question 1, I don't. It's a shame that most of the tools are very U.S.-centric. 2. I've never had to confront this issue, but I think I'd start with bonds in my home currency.

@kevinbarrett3706 2 года назад

Why are negative towards Josh. I listen to you both and have gotten good ideas/insight from both.

@rob_berger 2 года назад

I'm not negative toward Josh at all. I think he did a good job explaining the barbell retirement strategy. I'm just not a fan of the bucket strategy, which is what the barbell strategy uses.

@ccirulli 2 года назад

Well done, thanks. Comments help the algo?

@no9254me 2 года назад

I like your videos but these qa ones are too long and no one has time to watch this much content maybe you can break them up in chapters like you did last time on another video.

@davefalls6703 2 года назад

Maybe it is just me but why would anybody pay a credit card company nearly $400. Yearly fee to be charged 16% interest to borrow money? Reward points or not. Guess I do not move in those circles.

@rob_berger 2 года назад

The idea would be to pay your balance in full each month to avoid the interest.

@aaront936 2 года назад

For some of the cards the annual fees are offset by credits and other perks. Most common being airline incidental credits and lounge access at airports or global entry/ tsa precheck credits.

@aaront936 2 года назад

My chase saphire reserve cost 550 but I get 1000+ in credits and value out of it.