Protect Your Retirement Savings While You Still Can

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💲 NEED FINANCIAL ADVICE? 💲
1) Google "fee-only financial adviser" or visit www.NAPFA.org (largest association of fee-only financial advisers). NOT an affiliate link
2) The first question to ask any financial adviser is, "Are you a fiduciary to me 100% of the time". Get the answer in writing
3) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
4) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference.
⚠️ Azul's "Scammer" Warning ➡ PLEASE READ! ⚠️
Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.
🚨 Azul's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨
This information is only provided as an informational resource and should not be viewed as investment advice or recommendations. To get professional financial advice from a fee-only financial advisor near you, please visit www.napfa.org.
The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.
This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.
This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.
Spoiler Alert: There are no "get rich" programs. Rather, just basic blocking & tackling and putting in time and care. Do your homework, choose wisely and (IMHO) work with experienced professionals who are fiduciary to you 100% of the time.
*178 B{Hammad}NE Protect Your Retirement BEFORE The Stock Market Crashes

Опубликовано:

8 сен 2024

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Комментарии : 248

@bobwright-90 26 дней назад

As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.

@larrypaul-cw9nk 26 дней назад

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.

@Peterl4290 26 дней назад

Having an lnvestment advser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know

@sabastinenoah 26 дней назад

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

@Peterl4290 26 дней назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Annette Christine Conte for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up

@sabastinenoah 26 дней назад

thank you for putting this out, it has rekindled the fire to my goal... was able to spot her after inputting her full name on the web, she seems highly professional with over two decades of experience

@Olivia-z5c 21 день назад

It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy

@Jasonshelton- 21 день назад

It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points

@Elizabethwells-q7f 21 день назад

Having an investment advisor is the best way to go about the stock market right now. I used to depend on RU-vid videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

@Agatha.wayne0 21 день назад

That's impressive ! I could really use the expertise of one of these advisors. Any chance you could recommend one?

@Elizabethwells-q7f 21 день назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@Mathew-zs3nz 21 день назад

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@DanielHBuchmann Месяц назад

Just gonna ride it out like I did in 08 and 2020

@TheFirstRealChewy Месяц назад

Looks like a correction every 2 years will be the norm.

@robertmarsh8354 22 дня назад

it goes up and down .leave some cash to buy on the way back up. people who did were handsomely compensated.

@PatrickIliou Месяц назад

I currently have a good amount in savings and checking accounts. I have zero debt. I have a 401K at work, but there's not much in it yet. I opened a Roth IRA last year, I have no idea what I'm doing and need help on what to do and how I can invest some of my savings or checking. Should I hire a financial advisor? I really lack basic education on how to invest and what in. I feel I need a lot of guidance. I have no idea what's good or bad advice.

@ChristelleSingler Месяц назад

I did for the majority of my portfolio. Aside from the fact that I don’t have the time or energy to actively manage my money, they also provide me with extras like creating a will, creating different types of accounts, handling my taxes, insurance advice and procurement, etc. For me it was worth it.

@PatrickIliou Месяц назад

when you say majority of your portfolio I assume that you can compare your returns with or without an advisor, which is preferable ?

@ChristelleSingler Месяц назад

Yea I have some fun money in RH but the big majority is managed by Nancy Magaret Delony. I have scaled to 1.7 in investments and find that she is indeed worth the cost to have in my corner. I think in a bear market she is good at beating the market; in a bull market she lags a bit. But that's the point, I think.

@ChristelleSingler Месяц назад

Look her up, Nancy Magaret Delony. She has a large following and is easily found online.

@Hannaa22 Месяц назад

Definitely! It’s nice to have someone to guide you in the right direction if you have questions. Tax strategy with your advisor and Cpa alone is worth it. I just looked up your advisor and she checks out, what's the best way to get her attention ?

@MaxWell-pp9zs Месяц назад

I don’t have a lot of resources, so I focus on hot picks like Nvidia and little in bonds. But this doesn’t guarantee the security and returns I expect in the long term. I'm considering ETFs, but questioning if relying on them, given my age (49) and the increasing market complexity, is truly realistic

@GoryNych-ru3op Месяц назад

I'm retiring next month on my birthday, and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from index funds or bonds wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $6 million

@MaxWell-pp9zs Месяц назад

I'm currently reassessing my retirement portfolio and could use some guidance. How can I get in touch with your financial advisor?

@GoryNych-ru3op Месяц назад

I prefer not to give a specific recommendation since everyone's situation differs, however my experience working closely with Emily Ava Milligan over the years has been exceptional. You might find it worthwhile to see if she aligns with your needs

@MaxWell-pp9zs Месяц назад

I looked for her name online and found her page. I emailed and made enquiries. Thanks for the help

@MarjorieRyanJoy Месяц назад

You are not alone

@Travlinmo Месяц назад

My hardest thing during a downturn is to not dump my emergency savings and other cash INTO the market.

@TheFirstRealChewy Месяц назад

Just remember why you have that money saved. Usually a market crash aligns well with unemployment. The problem with a crash is that you don't know the bottom until it's going back up.

@kckuc310 Месяц назад

Yes

@HughJass-jv2lt Месяц назад

😂😂

@g.t.richardson6311 Месяц назад

I bought today Not a ton But 5 shares of various dividend stocks in my opinion are solid companies that aren’t going anywhere but up,in long term … all of them recently raised their dividend so I got in ahead of the ex dividend date

@scottmetzger7621 Месяц назад

😂

@untouchable360x Месяц назад

Rule Number 1, Don't Panic. Rule Number 2, Don't panic.

@jimbrown4640 Месяц назад

Panic? Everything is on sale. Buy, buy, buy.

@miketheyunggod2534 Месяц назад

Warren Buffet sold his stock the day before the crash.

@DK-pr9ny Месяц назад

You didn’t lose anything unless you sell..

@vincentyeo88 Месяц назад

Tell that to the real estate developer who has gone bankrupt while sitting on real estate losses.

@ewe2b Месяц назад

We are retired... About 1/4 of our monies are NOT invested... If portfolio shows a loss at end of year, we draw from the cash pile... If portfolio has a gain, we draw from the gains and then add to the cash pile as needed. Portfolio still showing a nice gain YTD... (So far)

@seven471 Месяц назад

That's actually brilliant. I'm storing that away

@JJJ5.7 Месяц назад

Define your asset allocation based your risk tolerence. Be diligent. Stick to your plan. Reallocate on a regular basis (quarterly). Don't reallocate when there are significant moves up and down in market.

@Jasonwilliamsa53 Месяц назад

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I'm up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

@BonowBoehnlein Месяц назад

Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how market works.

@CrystleShackett Месяц назад

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.

@BonowBoehnlein Месяц назад

For new investors, getting started can feel overwhelming. Risks loom large, and complicated, unfamiliar financial jargon can be intimidating.

@Jasonwilliamsa53 Месяц назад

I completely agree; I am 60 years old, recently retired, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one

@DeprinceMcchesney Месяц назад

This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?

@shea455 Месяц назад

I'm 52, my wife is 47, and we've been through it over and over. At close of today's 3-day rout, we're as calm as we have ever been. The price of having a calm day today is that we have been planning for uncertainty. If we make a move it won't be for a few weeks at soonest. My two cents are: Create a plan and follow it.

@stevenharris6626 Месяц назад

I'm 65 and retired. I have 50% in stocks, etc, and 50% in cash. Today the market is crashing, and we are ready for a large correction and or recession. Being that we are still in the beginning or a crash, it's time to put more in cash. But not for you! Time is on your side......not on my side anymore. I must be way more conservative than youngsters!! Good luck!!!

@glasshalffull2930 Месяц назад

64 now, but throughout my career, my strategy was always to put my head down and DCA and ignore the financial news and ‘not’ look at my portfolio balance. Even if it took years to recover. Best of luck and remember your contributions each paycheck are buying stocks at a discount.

@stevenharris6626 Месяц назад

@@glasshalffull2930 yes, you are mostly correct, but I don't have a paycheck coming in anymore. Being totally retired, I need to be more conservative than most.

@cdm4593 Месяц назад

Good advice. Okay, I'm going fishing. See you in a week.

@bryan8638 Месяц назад

What funny timing for this video, would have been great to listen to this a week ago 😅

@margaretmarshall3645 Месяц назад

True, but Azul is consistent. I think I actually DID hear him say something similar last week.

@karendurston2528 Месяц назад

Love calm Azul. Don't lock in the loses.

@msorkin Месяц назад

Plans made in the last year in allocations allows me to ride it out as stock market crashes. Glad I listened and setup an emergency fund.

@HungNguyen-se8dn Месяц назад

Stay calm. Market will bounce back ❤ Sell only when Market is up or recovered ❤

@flordad1 Месяц назад

The market is up, way up.

@drcornelius8275 Месяц назад

@@flordad1 exactly, it's going down much further in this correction.....

@genglandoh Месяц назад

I just retired 2 months ago. My plans is to have 3 years of spending in cash. In 3 years I will be 70 and will be taking my SS. So if the market drops I will use it to do Roth conversions and fill up the lower tax brackets.

@JhanJo Месяц назад

I’m very close to your situation. I will retire at the end of the year and will be 3 years from 70. The market has been on such a heater this year I had played with the idea of moving a chunk of my portfolio from stocks and bonds into cash to create the scenario you just described. Unfortunately I did not do it. If/when the market comes back I can revisit that strategy.

@dsmith6601 Месяц назад

What do you mean that you will use it to do Roth conversions? What is “it“ ?

@genglandoh Месяц назад

If you do not know what a Roth Conversion is please watch some videos on the subject. When you have a 401k or IRA you have to pay income taxes on the money your withdraw. A Roth account you pay taxes on the money before you put it into a Roth and do not pay taxes when you take it out. So some (me included) will want to move money from your IRA to Roth when your income is low. This will allow you to pay a low income tax today then when the Roth grows you do not have to pay taxes again. If you do not do this the Government will force you to pay taxes on all the money in your IRA via Required Min Distributions. So when the market is down it is a good time to move (convert ) from your IRA to Roth because for the same dollar amount you will be moving more shares. The real important thing to understand is the US tax brackets. You pay income taxes in brackets with different rates so it is best to take your money out of your IRA in small amounts each year instead of one big withdrawal.

@MrTavis1 Месяц назад

@@dsmith6601The drop. Sell stocks during a downturn to minimize taxes and roll the money into the Roth and get the gains back.

@duongtuan-od7kx Месяц назад

Now is the perfect time to start buying stocks and crypto( BTC, ETH,) if you are just being introduced.. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Kerrie Farrell for helping me get into her trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some weeks I was making a lot more money and have continued on that same path with..

@hanky8706 Месяц назад

I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...

@EmanuelAmbriz-ml4nk Месяц назад

As a beginner, it's essential for you to have a mentor to keep you accountable..

@kristinangelova9780 Месяц назад

Kerrie Farrell program is widely available online..

@CatherineOliver-c7d Месяц назад

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...

@AlbertBurton-c3d Месяц назад

The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways..

@MarkWeber-o2l Месяц назад

Good advice. Stick to your plan! Thank you for sitting still and not walking around!

@user-xg5fj2jh6s Месяц назад

Hello Azul. I have really been soaking in all your empowering videos of late from putting money into the right buckets and taking the right distributions to offset taxes to RMD info. and the IRMA/Medicare surcharge and look back intel. While I have a fee only fiduciary advisor and fidelity advisor who guide me, you have been instrumental in helping me step up my game. THANK YOU SO MUCH for explaining these concepts in ways that resonate with me. I think my financial advisor is wondering how I became so in the know. It's the "Azul Effect". Keep up the amazing work.

@walterlee3839 Месяц назад

As the great one himself Warren Buffett said, buy when everyone else is scared and sell when everyone else is bragging.

@HughJass-jv2lt Месяц назад

Spellcheck much? 😂😂

@johnd4348 Месяц назад

I am staying the course. Been thru several crashes, and got into the trap of selling . Locked in the loses only to see the Market rally in a year.

@tomschmidt381 Месяц назад

My wife and I are in our mid-70s. I try to keep 2-3 years worth of RMDs in a cash IRA. Most years we are able to live comfortability on Social Security and RMD but have the flexibility to spend more if needed. The cash IRA was a little nerve-wracking during years of high inflation and low interest rates a few years ago but less so than market volatility. All in all it works for us.

@L.V.1 Месяц назад

Topside! Enjoy the beautiful weather!

@CharlesAnsman Месяц назад

I see it as a buying opportunity

@clbcl5 Месяц назад

But when? Buy today and it happens again tomorrow.

@TheFirstRealChewy Месяц назад

@@clbcl5 When the market crashes it's basically a sale on investments. You can now buy the same investment at a lower price. The hard part is ensuring that you have the money to capitalize on the sale. When the market goes south then jobs tend to be impacted. So make sure you have the emergency funds to weather the storm.

@josephkelleher8820 Месяц назад

If you buy now you could end up catching a falling knife.

@ournextseason Месяц назад

Thank you Azul. Adjusted my asset allocation a while ago having watched your informative videos. Feeling ok , those bonds are holding strong and that cash is mighty comforting! Thank you. Thank you. Thank you ☺️

@jayholiday256 Месяц назад

Thank goodness I have my cash bucket

@tomsoltess6636 Месяц назад

Wait until a 40 to 60 percent market decline. The kind of market that makes you afraid to ever invest again.

@dr.michaellittle5611 Месяц назад

Not really. If you look back at the Dow over the last 50 years, these dips are short-lived, but the market always goes back up. The Dow has returned 133% over the last 10years and, longer term, is a great way to both beat inflation and grow your portfolio. One only needs 2-3 years of your expenses in fixed income such as treasuries/bonds/cash to draw from during the down-market periods. It, again, these tend to be short in duration.

@jeffwhite3021 Месяц назад

@@dr.michaellittle5611Sure. What is the fed going to do this time around?

@jamessteele7102 Месяц назад

Ultimately, investing in stocks is a form of gambling. It must be done to some degree because we are incentivized to do so, but most people fail to accept how risky it is. The historical argument (that stocks always bounce back over time) is valid to some degree but we live in era of massive change where old rules are regularly broken. It is not absurd to say that the markets could drop by 50% soon and take a decade to recover, and many old people don’t have a decade to play with even though most think they are going to live forever.

@dr.michaellittle5611 Месяц назад

@@jamessteele7102 You’re correct in the first half of what you said, but the second half is absurd, tbh. There’s a near zero chance based on 100 years of data of such an occurrence. The exception would be a Carrington-like event from solar flares that would set society back to the 1970s, but that brings other larger problems than stock drops.

@gcburkett Месяц назад

I did rebalancing in May and July at market highs. Reducing the stock percentage a few percentage points does not make a big difference but helps me mentally when the market falls.

@scottmackenzie3761 Месяц назад

Mr. Market went on sale. Buy when there is blood in the streets.....always rebalance

@wa210 Месяц назад

Not near a sale yet. Just a little correction. CASH will be KING though.

@josephkelleher8820 Месяц назад

In my opinion people in retirement should have a 50/50 allocation of stocks and bonds. I f you want to invest in the stock market use dollar cost averaging.

@deanrotering879 Месяц назад

I’m 40/40/20. I don’t need more risk than that. I won the game. I quit playing.

@JBoy340a Месяц назад

Good advice about not panicking. The markets are cyclical. Don't make decision in haste and lock in the loss.

@Meadowlark57 Месяц назад

We have been retired (early) over 10 years and debt-free probably 10 years before that. Recent health scares put us in the position of needing to move to a different location where the houses cost about 25-30% more. Most of our funds are not readily available and our credit score is probably non-existent due to being debt-free for so long. Not sure of most wise way to proceed with next house purchase though we have been looking for a little while already. Opinions and advice welcome.

@glennet9613 Месяц назад

Measure your gains from when you invested the money not from the highest ever point of the stock market since then. So far any money you invested before April of this year has still grown.

@mikemilo4844 Месяц назад

Plan in place. Cash in place for deals or emergencies. Sticking to plan in spite of market fluctuations.

@clbcl5 Месяц назад

Will it crash? What is threshold for it being an official crash? I think most people who lost a years income in 4 days would call it a crash.

@TheFirstRealChewy Месяц назад

Today is definitely a hit and tomorrow will likely be another dip. The question is how fast will it recover. If you sell now and it goes back up in a day then you've locked in your losses.

@Mitzi73 Месяц назад

4-5 years in Bucket 1 is the key!

@daviddaugherty3274 Месяц назад

While emotionally challenging, short-term volatility is a normal occurrence over the course of a bull market and is the price investors pay for equities’ long-term returns. When negative volatility strikes, investors can often be tempted to react in counterproductive ways. However, in our experience, successfully and repeatedly timing the market around short-term negative volatility is impossible-and runs the risk of missing out on the upside when markets bounce back.

@philipgerry5228 Месяц назад

If you can dollar cost average your investments, you can withdraw using dollar cost averaging. You’re hopefully not taking extra money out when market is down.

@clbcl5 Месяц назад

I'm still in the positive but loosing 5 figures on 4 different days is bad.

@teddyruxpin7876 Месяц назад

Just wait till its 6 figures over 2 days

@kckuc310 Месяц назад

Ride it out , right there with you

@Pje3ski Месяц назад

Think positive, you lost more in 4 days than most people have invested. You made the right moves and stuck with it. That’s pretty much what I told a friend at work who said he lost 50k. Be happy you had 50k to lose, most people never have that much invested.

@clbcl5 Месяц назад

@@Pje3ski As of this writing, I have made back approx. 2/3 of what was lost on 8/5.

@Pje3ski Месяц назад

@@clbcl5 excellent! Good thing you didn’t sell.

@geminiecricket4798 Месяц назад

The news says global market crash 2:30 pm Pacific standard time 8-5-24 …we shall see by next Friday, I suppose.

@matthewdobroski2206 Месяц назад

Ummmmm, today is 8-5-24!😂

@Toys4Life Месяц назад

This is not a good time to go meet with your advisor (Dow fell 1000+ yesterday). They are being lit up by people freaking out and cannot give everyone quality time right NOW!

@knightalumni Месяц назад

The S&P is still 20% overvalued thanks to a handful of tech stocks.

@miken7629 Месяц назад

Stocks & homes are overpriced, interest rates are too low. Fed forced low interest rates which caused investors to pile into stocks & housing, distorting markets. Interest rates should be much higher due to credit risk of excessive deficits, federal debt and devaluation of the dollar then stocks & housing should drop down to an adequate fair price.

@wa210 Месяц назад

🎯🎯🎯 but the money "gurus" on CNBC and other channels are crying now for the FED to bail them out with rate cuts. Inflation aka GREED is still way too high. Kroger or other big box stores have not dropped prices at all. Rates should be much higher to force companies to quit taking on DEBT, and to lower prices or go BK. Sure hope Powell for once, tells WS to stick it, and companies pay down DEBT instead of enriching execs with stock buybacks.

@dr.michaellittle5611 Месяц назад

I think you are conflating several things as it relates to interest rates. First, stocks are not overpriced when one considers that the Dow has returned 133% in the last 10 years. For get individual stock P/E ratios as analysts might assess, and ride the gains of a rising stock market. Housing prices (not mortgage interest rates) in the US are a function of supply and demand in key growing markets. Supply has been reduced by 25% for single family homes because private equity now holds that % in their portfolio. By taking out that %age of inventory from the market, there is no way prices will come down unless demand subsides in key growing markets. Two US Congressional democrats have introduced legislation to compel PE to seek their holdings, but this hasn’t advanced due to a Republican majority. So, don’t look for big pricing declines except in key growing markets. Finally, the Fed must smartly apply interest rates to the economic situation being addressed. Saying that rates need to always be higher as a matter of policy, and notwithstanding the economic environment, makes no sense.

@dominic8218 Месяц назад

Like 60/40 split and just leave it!

@gordonsteen8415 Месяц назад

Are these the good times? The gov is borrowing to pay interest on the debt.

@52CA Месяц назад

I would argue if a new car was ever in my retirement budget or plan, then a downturn in the market shouldn’t be a problem. I don’t ever foresee buying any new car the rest of my life. If my portfolio reaches 2 mil before I’m 70 I’ll buy my wife a new car. She has never owned anything but junk her entire life. And by junk I mean rusted out 20yrs old 250k mileage cars.

@MaritsaDarman Месяц назад

30% of 1 million dollar home is still unaffordable

@hollywhiteside2582 Месяц назад

I panicked. Moved everything to bonds. I can rebuy after crisis is over. In a stable fund now.

@dh2profit Месяц назад

I’ve had a rule for 30 years now that no more than 60% of my assets nor less than 40% of my assets will always be in stocks. If it goes below 40% due to losses, at that point I would buy more, as I did in 2009.

@JMK1143 Месяц назад

I asked my dad what he did on Black Monday (10/19/87). I remember it vividly. "By the time you know, it's too late to react. So just hang onto your hat and let it go. It will recover." He never sold any stock for 2 years, never lost a penny on the market crash. I'm thinking this might be a good time to convert some of my IRA to Roth. What do you think?

@davidhamtaro Месяц назад

Hopefully you stacked some gold. Gold is No.1 hard asset for thousands of years.

@silverfox7673 Месяц назад

Just calm down it will be ok I've been here before it will work itself out most assuredly

@Ethangray-cr5nd Месяц назад

Interesting, how do I go about it? I am still a newbie in this investment trading, and how can I profit ?

@Vlad-ei3bs Месяц назад

As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

@Vlad-ei3bs Месяц назад

Stephanie Aaron Trentham.

@notbeingfooled-j6n Месяц назад

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.

@SC-4rqub Месяц назад

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

@Jamiewhite663 Месяц назад

The very first time we tried, we invested $1000 and after a week, we received $4500. That really helped us a lot to pay up our bills.

@somai_1 Месяц назад

How should assets be allocated?

@darnelltabor6382 Месяц назад

So many people leave the market during a crash. They bought high & are now selling low. It's not exactly an optimal way to do investing.

@user-hc7ny8to5d Месяц назад

Love your videos…just wish audio was louder

@bruce12393 Месяц назад

Buy a good pair of headphones, it really helps out.

@jimcalvert4678 Месяц назад

Been a long time since we had the flexibility to side step some or all equities, what with Money market funds yielding ~5% and even cash held at brokers earning 3.5 - 4+%.

@frankqroosma2372 Месяц назад

Time in the market is more profitable than timing the market.

@neatstuff1988 Месяц назад

We have not seen a recesion for 16 years. If you are 60 with question health. Go to t bills.😊

@mariannedressler6784 Месяц назад

The sky is falling, the sky is falling! No it’s not. Just keep calm and carry on.

@Benzene75 Месяц назад

I have an honest question for you, please respond 🙏 Should I move all my investments now to stable cash value?

@TheFtm22 Месяц назад

Turn off the bushess channels if you get agitated. If you can handle listening, it's great practice for coping with the markets.

@Mckate45 20 дней назад

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

@Patlove21 20 дней назад

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

@McRoland16 20 дней назад

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

@Mckate45 20 дней назад

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

@Patlove21 20 дней назад

"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@Mckate45 20 дней назад

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@lukekimble7346 Месяц назад

Don’t panic.. but no harm in parking money in bond funds and CDs.. My biggest fear is politicians will let the market crater to keep their jobs and gain power. Think it won’t happen? We watched a bipartisan immigration bill die to keep this a key issue in this election instead of solving the biggest issue we face.

@RoyFauntleroy Месяц назад

Nobody I know is panicking. There isn't much fear yet, but there is still plenty of hubris. Yeah, let's call it greed.

@Christopher-j3x Месяц назад

this market drop is not in the top 20. this is no big deal....

@johnd4348 Месяц назад

High unemployment numbers is normally good for the Market as Companies shed unproductive liabilities(employees. ) This time the consumer is taped out. No more money to spend. All living on CC. Expect a recession or as Biden would say a slow down.

@Noah4evaa Месяц назад

Wish I could hire him or clone him ☺️

@margiedenavarre7919 Месяц назад

Wow, what timing! 😂

@deanrotering879 Месяц назад

I have 5 years worth of cash. Just going through o ride it out.

@BigLar56321 Месяц назад

Prophetic, if recorded before the downturn today.

@TheFirstRealChewy Месяц назад

What are you saying? Have you seen the past week or so? It's been taking some notable swings so we know what's coming. You also have the people who are expecting to capitalize on the dip before the September Fed rate announcement.

@paulturner4419 Месяц назад

A lot of market timing here Azul

@MrOsasco Месяц назад

You don't lose 300K and you don't gain 300K. Only when the lost is realized

@gkarman Месяц назад

Rule 1; diversify

@vikkienos6807 Месяц назад

Wise words.

@leehaskins307 Месяц назад

I think its so funny how so many financial advisors so dont panic in a big downturn…. they say stocks are on sale be happy and keep buying.. the problem is most people have MOST ALL THERE MONEY IN THE MARKET and cant really buy ALOT in a big downturn… they are not on SALE.. all the stuff you own are DOWN.. I hate how financial advisors say a big downturn is a good thing… just like this video… total crap from a financial advisor trying to keep there clients… keeping clients is number one for advisors.. very SAD video..

@johnd4348 Месяц назад

My mental outlook does not change when the Market goes up 40 percent. Wont change when it goes down 40 percent. This time next year the market wil be double.

@flordad1 Месяц назад

Trump!

@thomasclark5688 Месяц назад

no, it won’t. But I thank all of you fools for the buying opportunity.

@kennethwers Месяц назад

In a crash is a good time to convert some funds to Roth.

@jtixtlan Месяц назад

Please explain further.

@juliehogle5252 Месяц назад

When Warren Buffet is willing to sell, locking in his loss, it’s time to sell! Nvida is falling and Michael Burry wouldn’t have guessed it. Integrity is precarious in the market; going forward, draw some conclusions. Even though the current condition is normalized after a bear market, denial isn’t functional. As Azul noted, look at the percentages.

@TheFirstRealChewy Месяц назад

My plan is stay 100% in the market even in retirement. That said, that depends on how much is invested by the time I retire. Right now I don't have much invested so this market correction doesn't hit as hard as someone who is close to retiring. That said, the 3% drop today after the drops last week feels like a gut punch.😭

@wa210 Месяц назад

This is nothing. A true BEAR market is gut blows and so many young gamblers big into tech will get hosed...deservedly so. GREED has a limit.

@markdavis1116 Месяц назад

100% stocks in retirement is foolish.

@glasshalffull2930 Месяц назад

@@markdavis1116 All depends on your situation: do you have a good pension? Do you have two or three years of emergency cash to ride out a long downturn? Is your wife still working? I’ve been retired 9 years and my portfolio has grown from $1.2 million to $3.6 million. (Haven’t checked recently, so I’m sure it’s down, but it has always come back)

@johnd4348 Месяц назад

Retiring next month. Market going down. Getting that Sequence of Return risk out of the way. Then the rest of retirement is smooth sailing.

@wylde-lyfe Месяц назад

Corrections happen, why such drama? Historically, the market over time does modestly good. The nervous and weak sheep on the periphery fall to the lions.

@Toomanydays Месяц назад

Find an advisor with a really cool middle name.

@suespony 23 дня назад

Well, that was sure a short crash.

@jimbrown4640 Месяц назад

Will it crash? This is a crash.

@TheFirstRealChewy Месяц назад

Yes, it's currently crashing.😊

@user-ex6ib9ep8k Месяц назад

Protect it from your wife first.

@user-rx5fd6po9z Месяц назад

The wisest words ever spoken on RU-vid.

@miketheyunggod2534 Месяц назад

My 7% on bank CDs still moving ahead. No worries here. Fools!

@slocumb1270 Месяц назад

Until there's a massive run on bank deposits.

@Toys4Life Месяц назад

Click bait video - but good message (for the most part) - so it's ok.

@chuck_in_socal Месяц назад

It all makes sense. Put a few years of expenses in short term treasuries, and buy an S&P 500 index fund with the rest. History is in your favor. You might get hit with the "sequence of returns" hit, but other than that it's a sure thing, right? Right?

@goldstandardaviation1667 Месяц назад

The fall begins. I'm poised like a hungry vulture.

@Silverstate2023 Месяц назад

Little late

@Paul-GrnHil Месяц назад

OMG my portfolio is down 9% in a matter of a few weeks…. The fact that my portfolio is still up 10% for the year puts the market in perspective. The YTD gains the market experienced in the SP500 this year in the first half of the year were unsustainable. The market is reverting to more normal growth. When I use up 3 of my 4 years living expenses in cash in 2027 and the market is still down, then I’ll start to worry. Why is it that the first day of a bad economic report showing a slowing economy , the market goes up 2% because of an anticipated rate cut and then the next day, with no other news, the market goes down because the that same report?

@Sky1 Месяц назад

Short the crap out of it

@Bobventk Месяц назад

Clickbait Azul

@WilliamFluery Месяц назад

It already has crashed

@Mitzi73 Месяц назад

But where’s the bottom?

@jrm2383 Месяц назад

Think it’s bad now? Wait and see what happens with 4 more years of kammy

@dale436 Месяц назад

Yeah, do you really base your investment strategy on what level of influence you think US Presidents have over what happens on wall street? Go ahead and do that. We'll see how smart you are in a few years from now.

@davidhamtaro Месяц назад

2030 according to Klaus Schwab.

@dr.michaellittle5611 Месяц назад

Presidents don’t control the stock market or the bond market. They don’t set pricing of gas or food or any other commodity. They don’t control supply chains and can’t prevent another pandemic-like inflationary cycle due to logistics. All of these are done within private and public companies. So what hard evidence do you have to prove your negative view?

@jrm2383 Месяц назад

@@dale436 l don’t base my investments on the presidency, but to ignore what they’ve done the last 4 years, and what another 4 would do would be foolish. They ignited inflation, and now a possible recession. Market has been in a free fall since Kammy was named. Quite a coincidence