Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
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 folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
My advisor is “ Sophia Maurine Lanting’ highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I am going to look her up right away on web, I have about $220k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
Safest approach to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
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.
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 portfoIlo allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
My CFA ’ Julianne Iwersen Niemann ’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
There are many independent advisors to choose from. But I work with Vivian Jean Wilhelm 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.
I hope it doesn't go very bad. So then do you think it's best for us who are not institutional investors to focus on index funds or individual stocks? I want to redistribute my 60k portfolio and I preferably want the asset class with the best return on investment.
Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
Sometimes I'm surprised most people don't even know they can do that. I've been making at least 200k every year from my investments by working with an FA. When you realise it, it feels like a life hack.
00:00 - Introduction 02:25 - Ergodicity 21:30 - Ergodic bet example Nestlé 23:30 - Survival vs. outperformance 29:01 - What I learned from Darwin about investing 33:40 - Living in Zurich 39:00 - Learning from small moves 45:05 - Be aware of your inner voice 50:37 - How to deal with anxiety and other emotions 58:54 - The Guest House, Poem by Rumi 1:00:42 - Balancing Ego, Humility and Delayed Gratification 1:09:38 - Taking action shapes your soul 1:12:19 - Overcomplicating life 1:15:47 - Lottery tickets vs Ability 1:18:52 - Case Method at Harvard Business School 1:21:48 - The Trap of Desire 1:26:48 - Having more financial wealth is not going to make me happier 1:33:33 - What would you do with $1 million as a starting investor? 1:38:21 - Wehere to look to 7x your money 1:42:16 - Closing thoughts: Survival is everything Number of swear words: 10
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 the 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
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Some individuals minimize the importance of counsel until they make regrettable mistakes. 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.
How can I participate in this? I aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
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.
Nice! 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...
I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money. It's always better to work smart and not hard
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
''TRUDY ELIZABETH STOUFFER'' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
I appreciate this. After curiously 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.
My life changed too when I started doing this and putting money in stocks. The first few years it as really great, but this year I haven't felt like my portfolio is doing well. I have lost more than $40,000 from my portfolio the past four months, and it's now very worrisome.
Sometimes, i feel protecting your capital is much more important than making money. I'm approaching retirement with comfortable millions, yet scared of a market crisis and how to benefit from a possible correction. Where do I best grow my money?
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, than save for retirement.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial adviser and have had major portfolio yields of over 88%, so I'm not going back to relying solely on bank for bonds or T-bills.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
AI stocks are expected to lead the market in 2024. I favor NVIDIA due to its strong position for long-term growth and its support of other AI companies. I know someone who achieved over 200% returns with NVIDIA. I’m also open to considering the other stock recommendations you provided.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
Not diversifying portfolios is the biggest mistake, as putting all your eggs in one basket exposes you to concentration risk, market volatility, and lack of growth opportunities, potentially leading to catastrophic losses.
Your emotions can also be your worst enemy in investing, leading to impulsive decisions and poor returns. Stay rational, stay calm, and invest with a clear strategy.
I'd argue that not having a long-term perspective is the most critical mistake, as it leads to short-term thinking, impulsive decisions, and a failure to ride out market fluctuations and capture future growth opportunities.
For me, my biggest mistake would be not regularly reviewing and rebalancing my portfolio. Life changes and market shifts can quickly throw things off track.
I had the same mistake of neglecting my portfolio due to how busy I am with work. Then I hired an advisor and thanks to him I've seen significant improvements
I have always one thing on my mind that is Mark Twain's quote "It's not what we don't know that gets us in trouble. It's what we know for sure that just ain't so." The concept of expected return of an asset only works if we talk about the whole stock market itself - index. No one can say what is the future expected market return for any particular stock. The first rule of investing is to never lose money. Risk should not be defined statiscally as standard deviation from expected returns but as risk of an asset be impaired forever.
Well Well People will say lot of things on the way Guy talks about value investing or in general life philosophies. To me, Having heard 1000+ hours of Warren and Charlie (Even though they are irreplaceble by a wide margin) Guy and Mohnish are like modern Warren & Charlie to me, Guy's a sweet guy who don't want to say anything bad or just in general soft spoken and Mohnish is more of direct and say it as it is. Mohnish with all his 2X4 tile investments and Guy with these valueless disciplines are great combo. Also, as a side note, there are lot of people (Or i do hope there are) that listen to Guy not just to make quick buck but see through the experience that he has gained in life/investments and reflect on his lessons. Guy you have such a soothing voice that one can fall sleep listening to it haha... Btw Actions to Destiny saying is so true. I am hoping (doing my best) to meet you both on upcoming BRK meeting 2025. Thank you Guy❤️
Nothing beats the involvement of an expert in any trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market- Currencies are no exception.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Many people minimise 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 solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
Jessica Lee Horst a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Guy you're one of my favourites to listen to, I do wish you were a bit more active so I could clone you, not as active as Monish or God forbid Michael Burry cause you then you can't clone at all, it'll be sold before you buy it. I'd love to see you buy some small caps like the good old days of Weetabix.
Take bets that will keep you in the game even if u lose. Do not risk it even if it's low probability. Never do something ur not willing to do forever(everyday ) Small good things help . Water drops carve rock
I tried watching the whole thing. I found some parts hard to get through. I think the interviewer should have been allowed to ask more questions. Charlie and Warren don't ramble that much. Be precise, less words are better.
His logic only applies in the pilot example if they lived forever. This matematical logic can't be fully applied to real life; otherwise we would never leave our house, since there's always a chance of something happen to us in the streets. Since we have a finite life, the summatory of very low chance events happening to us is low too; it would not be the case if we had an infinite life. Of course, if the chances are not extremely low, you should avoid doing entirely, like drinking and drive; someday you will go into an accident.
Can’t confuse retirement funds with wealth. Real wealth is built by people who successfully take big risks, build companies, etc. They generally never have to worry about personal finances or their retirement. For the rest of us, building a million dollar retirement portfolio is not wealth. It’s just a replacement for the employment income we’ll no longer be collecting. You’ll still have to worry about your finances in retirement so you’re not wealthy in the traditional sense.
Hello Everyone! I have a few questions about the coin-toss problem. Could you share the website for the simulator, and provide a link here? Also, the idea that the total value converges to zero over a number of tosses requires the condition that you're going "all-in" on each single toss, right? So, it's not just tossing $1 each time, but rather the aggregated wins and losses that lead to this result? Where can I read more on this topic? It's quite interesting!
As an investment enthusiast, I often wonder how top level investors are able to become financially stable, I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, ETFs etc It is important to seek the advice of an expert.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $350k since then
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@Gspier12 thx for the great content! I think that the quote : “He who has a ‘why’ to live for can bear almost any ‘how’ “ is originally from Nietzsche and used by Victor Frankl. Just love that quote. 😊
It was not my finest moment - for sure. And you're right - I should not have driven even with one drop of alcohol in me. Gladly nothing happened. And best not to repeat that choice.
Sorry to say that I disagree with the base/premise of the advice. For someone who has already a substantial portfolio the advice is 100% on point. However if you are starting out on your investment journey you need to concentrate risks in high conviction plays. The fewer the better. Once you have a good pot then you can diversify and reduce risk for capital preservation.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Not a very useful interview. He just rambled on for 2 hours jumping from topic to topic without giing deep into each and sometimes no relation between them. The interviewer could have asked questions and gave summary from time to time to guide the conversation but it seems the interviewer was passive.
Because he’s speaking about building the base and fundamental to be a good investor over the long term some of which doesn’t have to do directly with investing .
EILotdog: my recommendation; listen a lot more to Mohnish then. We are all on different journeys and on different parts of the path. How boring the world would be if we all liked - or disliked the same thing.
