if you liked this video please leave a comment :) It'll help the algorithm know to show it to more people - I really think this is the video that can help so many people!
I would say a good teaching opportunity, but it's a little discouraging because for people who are 50 and over there is no much time left with a little income?
So investing in a IRA account is what you two were talking about it going by your age and investing in the two or three different areas bonds and stocks??
You've helped me to solidify my decision making and stop procrastinating. I always thought it's for everyone else but not me. I'm looking into now investing my sons inheritance and compound it over the 20yrs at 7% or so, thats stated in the his trust, until he can touch it. I learned from you about putting it to work earning instead of just a savings account. By estimate it will literally double if not triple in 20 yrs.Now I may be way off, but at least I'm looking into it and educating myself thanks to you. Roth ira smp500 index shopping cart analogy you gave on your podcast gave me a clearer understanding. Thank you 😊 💓
I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in 2024 with the markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy and hold''. 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
Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
Vivian Jean Wilhelm 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
My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 60% early this year. It is, in my opinion, the best way to get started in the industry right now.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Rachel Sarah Parrish 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 appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Still with Tesla stock, investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ ETF you focus on.
Very true, I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $200k stocks portfolio.what strategies should I employ?
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with a market expert can help with pointers on which to acquire.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with a market expert can help with pointers on which to acquire.
@@Higuannn Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k quaterly so I’ve been sticking to investing via an Advisor.
@@Higuannn Sure, Alicia Estela Cabouli is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment.
@@DanielPanuzi I get guidance from the popular lady Alicia Estela Cabouli. Most likely, the internet should have her basic info. where you can contact her. She offers free consultations for first timers like yourself.
Wow, it's crazy how some people can become multimillionaires by investing just $10K in Crypto within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Antonio Alex is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
i like the way host (although knowledgeable) is asking very basic questions to guest with example and the guest explaining everything, perfect for those new or not new to investing to learn
The how to start investing with $10 a month really hit home and makes it so doable and practical for me since lack of money is always a problem. Really gives me hope instead of despair instead of “wishing that one day when I have enough money I can invest then if at all”
@@ginagriffis6102you can. You would be surprised to see how it multiplies. If they have 401 K at your job just sign up for it. Its before tax you won't miss it because you would have gotten taxed on the money anyway. Example if your gross is $300 and you have 10% taken out weekly you would pay taxes on $270.Sign up for 10% to be taken out but you have to know what funds they offer and allocate it into those funds. Read up on 401 k roth IRA and Roth 401k. There is a limit per year based on age. There is a withdrawal penalty and it will be added to your income if you withdraw before age 59and 1/2. Dont touch it. When I was younger I worked a 2nd job that matched 401k. I put 80% of my weekend pay in 401k and they matched it 6%. That's 30 years ago. I'm not complaining now🙂. I encouraged young people to start early. Get a 2nd job if you can and max it out or work OT 2 hrs a week and allocate that to your retirement to the maximum. You can also do Roth 401 k and regular 401k. The Roth is after tax. When you retire you dont pay tax on Roth. If your job don't offer any then open a Roth IRA and allocate your 10% to it. Educate yourself on retirements that's if you live in the USA. It's not difficult.
@@Annie9191- You can always start with a high yield savings account. Google “high yield savings accounts.” Most you can start with $1 to open an account. 😊
I have another illustration besides the one that Erika mentions at 25:10. Individual stocks are like one dish on a plate, like steak or a baked potato. If you only buy one individual stock, it’s like only getting a baked potato to eat. On the other hand, Index Funds are like a sampler plate where you get a little bit of everything to try out. This makes it easier for me to understand the whole thing.
Nice video as always but here is my problem I have been making losses trying to make profit tradng cryptO. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do?
You're right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy, you must be a skilled practitioner.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
Angela Rodriguez Elias 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.
Investors should exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
can easily say, out of any piece of information i have read in my life regarding investing, or ANYTHING, i can already tell this episode with Jeremy has single handedly impacted my life so much. THANK YOU.
You should do a new video about Blcktken300 ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
Wow this episode gave me so much Intel and made things more simple. Very well explained and definitely doable. I really enjoyed how everything was explained literally a 101 lesson makes me really understand investing better. Thank You Erika for this interview 🙏
Love Jeremy! I couldn’t click on this podcast quick enough. Erika - You so wonderfully illustrated all of the points Jeremy was making - what a dream team! I love that y’all are making investing more understandable and therefore more attainable for more people. Great episode!
My question is, at first he talked about buying investments that pay you, in addition to increasing value. But then he talked about buying index funds. These don’t pay dividends, correct?
This video was great and in-depth, I sent it to some family! Thank you for explaining the difference between mutual/index funds vs individual stock. That’s where I’ve gone wrong in the past and I’ve avoided investing because I was afraid to lock in on one company.
Erika, you are amazing woman! I've been watching your videos since I found you. have seen your transition to where you are now. You've definitely helped me a lot and a lots of people and put out many resources for us. It was really impactful. so congratulations on all your success. Keep doing what you’re doing! Love lots!
I love Ur passion for teaching so much. All the principles u teach, is it applicable to every country. Becoz, I'm a Nigerian. Looks like it applies to ppl in the US only.
I pray that Erika will answer this extremely important question as many of us are in a similar situation. Thank you in advance Erika for your answer to the question.
At 42, I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.
Erika, What online resources would you recommend to a foreign person wanting to invest in the US stock market? My understanding is that the only option available would be the taxable brokerage account. I'm curious if you have any other insights on that. Thank you ❤😊
Thank you for sharing and I think a really practical example is to visually show people how they can shop for shares, read a fact sheet to decide how to decide if it fits their risk tolerance. Perhaps to even show how to move funds from a cash account to a trading account and start shopping! I think would be practical to show how one can get started. I believe these steps can seem very daunting but to show practical steps it makes it so simple.
Yes the shopping cart visual makes so much sense it also works if you are in Canada. like Canada has RRSP, TFSA, RRSP, RDSP and FHSA I think the limits to them as weight limits.
Thank you for educating us on money and how to maximise our money for financial freedom. Thank you so much to both of you 🙏🏻 also kindly recommend us on what books to read on finance.
I wish I learned financial literacy years ago. This should be taught in schools. Thanks Erika. The good thing is that I can share this with my kids. They are in position to retire early in life if they follow the lesson taught in this podcast. Btw, I"m also an insider. GREAT STUFF!!!
This was the easiest way investing could’ve been explained. My husband has been trying to explain to me and now I feel more comfortable about investing.
This is exactly the kind of episode I have been hoping for. You explained and broke everything down so simply and I love the grocery store and shopping cart analogies. I get caught up between whether I should use Vanguard Fidelity or Schwab, or an app like Webull. While it probably doesn't really matter I am definitely stuck in analysis paralysis. I'm close to getting the cash to open and start so I'm getting organized and prepped as I can. Another thing that would be super helpful for is understanding if I can invest in VOO and VT and VIT and VUG etc regardless of which platform I use. I really don't know the answer to that question and am suffering a form of pre-fomo like in case I open with one brokerage where I can't participate in those particular funds I want.
You can invest in those etfs regardless of which platform you utilize. But since your interested in Vanguard funds in particular, I would just open a Vanguard account to keep it simple.
Thank you Jeremy and Erika, this was one of the most easy to understand investing videos I have watched. Jeremy did such a great job explaining everything in detail and Erika, your visual explanations really helped also.
Awesome, great information and explanation. It’s definitely taking me some time to invest because I thought I did not have enough money to invest 😂. Thank you both for clearly explaining. Thanks you! And wishing you a happy new year!
Noticed that you’re only talking about investing at a young age there are older Americans, who due to life circumstances, or low literacy when it comes to investing may have started late in life what are the best investment options for them and how can they catch up when their time for compounding is limited
This is the best video on saving and investing, which is the key to building wealth. I don't usually leave comments, considering most of the time it goes unnoticed. Just wanted to thank you for the amount of time you put into your craft to help us. God bless you 🙏🏾
Thank you for breaking index funds and brokerage accounts in Layman’s terms. I was seriously so lost before this episode 🙏🏽 Going to religiously listen to your whole podcast now. Sincerely, Financially Challenged Woman. 😅
By the time I finish watching this video I will be ready to invest,I don't drink coffee and always pay myself first from every check that I get so ten dollars or more will do. I've just never been comfortable investing
Thank you, Erika and Jeremy for this excellent video. I will go ahead and open my investment account. you guys gave me the courage and the information I need to do it.
You should max out your 401k and Roth IRA each year because they offer tax breaks. And after that consider opening another account that you can freely invest whatever amount, but your gains will be taxed more
This was really informative: key takeaways: live below my means. Spend less, invest more. Invest in the entire stock market through index funds, and keep it simple 🙂
I like investing suggestions for people who don't have a large salary. So the $10 a month suggestions help me see the possibilities that I can invest and grow my money. I also am a visual learner so the visuals are soooo helpful!
Thank you for making this video Erika! I really found it helpful. It’s inspired me to really looking into investing in the stock market here in the UK 🇬🇧
So if I were to open a vanguard Roth Ira and max it out ($6500) then invest half into s&p and the other half in vt.. would that be a good way to start. Simply do it once a year? Maybe? Idk...
Does he mean 50% of after-tax income or 50% of taxable income? Also, how does this work when you have very low income? Does this mean you’ll be able to stop working in 15 years and live off of the very low money that you were always living off of or will this afford you a better standard of living?
It's scary because people think its gambling and based on luck or expertise. People are told by financial "experts" that they should not invest until they are out of debt! Oh you're just explaining it now, the false argument about gambling!!! Its math!Thank you!!! Thats a major deterrent for the novice or uninformed!💯
This video was very financially educational and helped to increase my understanding about investing in stocks. Taught me about different kinds of index funds and the cart analogies were very clear. Great video!
Although I've had a 401k since 1998. I've just started a Roth in 2022 maxed it out and maxed my 2023 Roth IRA as well. I just started an investment account for early retirement. I feel behind I'm in my late 40’s I really appreciate this video
The way you two broke down Total Market vs S&P 500... Thank you 👏🏾 Im new to investing and i always wondered, why bother with the Total market and just go for the top 500?🤔 The way he explained about the the potential of the "next big giant" starting out as a small company. So ideally, i want to have them too, just incase a "little guy" takes off suddenly, made it all make sense for me. 🤯
Wow!! The only video ive watched so far that answered all of my questions regarding investing on ETF thats is by far the most informative. I think I can manage to deposit $500 every month for 35 years in ETF at least that might be my target retirement age. Thank you both for this life changing video!! Godbless!!
This is such a great interview and informaiton that everyone can bennefit from- even more exprienced investord s can get lost in the weeds- investing 101 - keep it simple and be consistent= optimal investing😊
So is it better to invest directly from what you investing in or does it not matter For example I need to open a brokerage account directly from vanguard or just app that are created for you to invest like Webull, robinhood, coin base
As time goes on, all currencies will eventually be backed by commodities like gold, silver, bitcoin, and so forth. Should you still participate in these markets now, or is it too late? I now have $500k in savings that are being wasted due to inflation.
Thanks for dropping this Wisdom Erika and Jeremy! I think God would be pleased. Let me go and use the next 15 years as my retirement plan, maybe 20 years, lol...
43:25 Can you explain this sin further please ? How do I not make this mistake ? Is there an automatic monthly investment option ? I apologize I'm new to this
