AI stocks are expected to lead the market in 2024. My preference is NVIDIA, as they're strategically positioned for long-term growth and provide critical support to other AI companies. I know someone who achieved over a 200% return with NVIDIA. I'm also open to exploring the other recommendations you mentioned.
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.
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If you’re not ready for it, you should’t be in the market business. or get you a skilled practitioner.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of my financial advisor, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…
Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks for sharing, 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 e-mail shortly.
@@programmerm5907 theyre pretty obvious but who wants advertising scams that pretend to be real comments in the comment section… makes me avoid the comments which ruins engagement for the youtuber
@@programmerm5907 or if you’re reading to bounce ideas off of other investors and the bots are annoying I can say it’s annoying. Nobody’s falling for anything FOH
YES! that's exactly her name (Telisha Grover) I watched her interview on CNN News and so many people recommended highly about her and her trading skills, she is an expert and I'm just starting with her
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, 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+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
I have been self managing my portfolio for the past 5 years and currently with $150k asset under management I have underperformed for the past 2 years and this has got me worried. Are there anyways to turn this around as I am closing in on retirement.
Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary advisor. By restructuring and diversifying my $250k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 25%.
Thanks for sharing. 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.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
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 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.
As someone passionate about investments, I often contemplate the strategies and paths that enable top-tier investors to amass wealth in the millions. While I possess a substantial initial capital, I am uncertain about the specific tactics or avenues that would facilitate achieving gains exceeding $400k, similar to those achieved by several others this season.
Love this series. How do i submit my portfolio to be roasted? I started investing in stocks at 18, grew portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, plan to pay off my mortgage and want my portfolio to grow. What should I do for stable cashflow?
Dont think here is the place for personalised investment guidance. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
I already own shares of NVDA, PALANTIR, TSLA, and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less
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.
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
“Laila artine kassardjian” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I started my portfolio last year with SCHD, VOO, and VUG after inheriting $300k. In terms of share price, VOO is up! and VUG is doing even better. What stock do you think has the best chance to 10x in 5 years?
my first rule is survival before flipping for chunky gains. I personally dabble in stocks and with such amount, my best advise is that you consult a license advisor or personal portfolio manager to be on a safer side
Agreed, opting for financial advise is the best way to go about the market right now. I average 4 figures/month in dividends, but my overall ROI just hit $550k. I only have 30 or so stocks (20%) of my portfolio with more of my investments in digital assets.
That’s the thing people may have their picks for stocks that could rise 10x but they are super risky you could also lose 10x I would keep investing in what you have.
Your two "Roasting My Subscribers" videos are super helpful and practical. Opened up my eyes to where I'm at with my current finances. I crunched the numbers and used Networthify calculator. I'm 53 and can retire in 10 years (I can live with that). I will probably continue working till past retirement since I love my job. Please do more of this type of video. Thank you!!
@@humphrey Yes! I’m enjoying these videos… It gives a “real world” view of what to expect based on a person’s saving/investing strategy! Thanks for another great video!
Agreed 200%. These videos give more realistic feedback and advice based on different real-world scenarios compared to general/generic advice that's trying to target everyone.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Celia dullpher
She's recognized as 'Mrs Celia dullpher . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Yeah, I used the FIRE movement to put my finances in order. Then, I invested in stock, cryptocurrency, and real estate, though the assistance of my discretionary fund manager, dullpher, who helped me make it big...
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 Charlotte 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'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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
It’s not even that bad lol if he was in that for the past 2 years he’s probably up big and would take a big loss for him to lose it And historically election years/seasons have been green
A recession is a normal part of the economic cycle. They actually do a lot of good for the long-term health of the economy. Think of it as a reset. For the investor they can be great. Market downturns means that shares go on sale. It also can provide an opportunity to move to a more aggressive portfolio for the ride up if you desire. Always keep in mind... the market has always gone up over time. Cheers!
The problem we have is because Most people always taught that " you only need a good job to become rich". These billionaires are operating on a whole other playbook that many don't even know exists.
cool video! really don’t think these count as roasts though 😂 i think your followers are too reasonable to have any crazy money habits. it was nice to see the high savings and investing rates!
All 3 of them are great savers and bad investors for different reasons… 1st couple is too conserve for someone in their late 30s with >50% cash.. 2nd guy is 24 but he should dial back the stock gambling craziness by the time he’s 30.. 3rd guy is the most sensible of the three.. but needs to have better funds in his portfolio.. anything getting close to 0.5% expense ratio is too much of your profits getting eaten into. Plenty of great funds with 0.04% or lower ratios
Big reason why you shouldn’t hold triple leveraged ETFs for long term is that they have decay. It loses value over time, so if market is flat you still lose a little
14:51 There's absolutely no need to do this, in this instance, namely, using his "extra cash" to pay off his mortgage. On the contrary, if he were to use velocity banking correctly, his home could be paid off in less than 7 years at his current income. Why not go into detail on this subject in the next video?...
The first couple makes more than 5600 per month so where else is there money going? $2000 to retirement, 2000 to mortgage, and 1600 of expenses is fine but according to their 181k/year income, they make $15k per month. Where’s the other $9k going? They should be saving that or using a portion for discretionary spending to loosen up a little!
15k a month… now start reducing the number by taxes… they’re in the 22% bracket, take 7 percent for Social Security and Medicare, California tax rate is high, property tax is also high. Based on where their moneys at, I’d venture to say they probably put it into savings. I’m thinking that 15k gross is probably like 9k if not less.
I may have missed if that $181k/yr is before or after taxes. My guess is gross so a chunk will go to taxes and the rest is probably going to savings since they said they are frugal
They would be bringing home between $9k-10k a month. He says in the video that they would be saving about 35% based on expenses which would put them in that 9-10k a month range.
Dear Humphrey Yang, I have a question I'd like you to delve deeper into. should someone in their 20s get into a mortgage as soon as they can on a studio, by stretching themselves thin and hyper focusing on getting the deal. or should they instead wait and make sure the real estate is only a portion of their savings like you said in the video. the problem here is that real estate grows at lets say 10% yoy. so if they wait 3-4 years to get that ratio, they just might never get the purchasing ability to do so. what do you think ?
Location India , Chennai Income 0 Savings 23,931$ Approx Divinds 1052$ Mutal fund 20,000$ Stocks 1800$ Cash In Bank 1054$ Upcoming Assests From nov2024 to August 2045 is 13,000$ Plus 131.62 Per Year After 2027 Till My Death After 2030 mom will get 677$ Per year for 15 Years Appartment so Almost worthless or 15,000$ Gold Counting to 8000$ The Reason Why Im Surviving With No Income Is because Raw Material likes vegetables In India cost you soo little that you can buy 2 Weeks of Food with 4$ Nd Gas Might Cost you 8$ (16.1 KG ) What is expensive is Internet will is 11$ and Electricity will lost 20$ If I Mange To Earn Atleast 90$ a Month I can easily Survive
I recently fired my financial advisor who were charging me fees as well as had my portfolio invested in higher exp ratio funds than I would choose. I’m so glad I did that. I used to manage my own portfolio but over the years I fell into the convenience trap and didn’t cancel the free 3-months offer. After seeing the fees add up for 2 years, I finally decided to pull the plug. They don’t make that part easy like the enrollment but feel so good after I did it.
the fire number calculation should correct for inflation. The investment horizons highlighted in the video are too long not to consider this effect. Therefore i suggest to calculate the Fire number as follows: Fire number = (annual expenses * (1 + 2%) ^years) / (1 + assumed return i.e. 7)^years. From this formula it becomes clear the the fire number will significantly increase such that purchasing power is remained.
I think 24 for 30% leverage is fine as long as he is DCA with a portfolio that rebalances cash contributions. 30% in leverage is effectively 1.3x leverage which is actually less risky and a DCA with balancing based on percentage of portfolio, he could put more into leverage funds during market dips reducing risk significantly. I did a backtest and over the last 20 years, DCA monthly into a portfolio seeking 50% UPRO and 50% SPY would give an optimal 2x leverage with less fees than buying a 2x leverage etf and contribute more to UPRO during significant market dips. I see that for a younger, 24 yr old investor, it’s actually good to have exposure to leverage as long as he/she is DCAing into an account like M1. With a long time horizon and not lump summing it is very likely to pay off much bigger. Furthermore, contribution to leverage can also be reduced over time.
1:37. The couple spends 5,600 a month. ( 67,200) They make 181,600. Where is the other 114,400??? Ummm... In addition, they will retire 1n 18 years. this 1,600 assumes that the mortgage is payed off. Also, Assuming for inflation adjustments could you imagine working for 18 years making almost 200K a year, then retiring, only to make 20 K a year. Then again that would be what they are living off now besides the mortgage...
Should social security be deducted when doing the calculation? I’m assuming at some point they’d collect and may not need that much in retirement accounts if they are that frugal.
25% of $181.6k is $45,400. The first couple is saving 2k a month, or 24k a year not counting a match. That doesn't come anywhere close to 25-35% of their income . It's much closer to 15% or $27,240. It's confusing when you say income but mean take home pay. Typically, because 401k contributions and most retirement contributions are pretax, they are referred to as a percentage of total income and not a percentage of take home pay. In your 401k if you elect to contribute 10% that will be 10% of income, not take home pay. If they were actually saving 25% of their income they wouldn't feel behind, but when using the take home numbers it sounds like they are saving a lot more then they are, almost double. Since all 401k plans consider contributions as a percentage of income and not take home pay, it is much less confusing to refer to savings/investing rate as a percentage of income.
I'm in almost exactly the same situation as your last portfolio, and I appreciated your advice. For me, I'm adding just enough to my mortgage every month, so that it pays off when I'm 65. That way, I no longer have it as an expense, and my FIRE number drops significantly the very day that I stop working.
Wouldn't be a HELL of a lot better than "roasting" re the title and content? I'd call this mild click-bait, and it makes your videos worse, not better, since overall your content is decent. (IMO, information trumps flash, re RU-vid videos).
Thats 3rd guy- Best feeling ever to pay off that mortgage. Frees up money for further investments and also increases savings rate. Im saving and investing about $5k a month since we paid off our house earlier this year.
13:20 - the maths doesn’t add up. Let’s say he gets taxed 40% (could be more), that leaves him with 66k a year after tax. Minus his ≈ 53k a year in expenses, which leaves him with 13k a year and somehow he saves ≈ 38k a year?
Its easy to think that you have 20 to 30 years of investment time before retiring so as long as you dont pull the money out youll be fine going thru a recession 🤷♂️ Except, nobody ever wants to pull out during a recession... unfortunately people are usually forced to when they get laid off and nobodys hiring...
I hope one day you do one of these with defined benefit plans(Pensions) included. At my job, I have both a Pension and a 401K, so I’m curious how that factors in for retirement.
@@Excalibur2 It honestly depends on when I take it. I qualify for full retirement, which includes a monthly annuity along with free healthcare, for the rest of my life once I hit 30 years(I have 12 more to go). The monthly payment increases every year after that.
Hmm, looking at this video, it actually makes me feel like I'm investing and saving too much. I'm putting well over 60% of my income into it a combination of both retirement and savings. Maybe I should treat myself out to some fancy food sometime.
59% allocated cash is not a portfolio whatsoever. It’s a naive, scared, uneducated person who owns an account. Also, focusing on free investments takes time away from oversights that will take away any gains someone is hoping to realize at a later date.
Can someone explain to me why people keep THOUSANDS of dollars in a checking account? I see so many people do this. After I pay bills, I keep only a few hundred dollars in my checking account to spend on discretionary items that I may want to throughout the week. All large amounts of cash goes either to savings, investments or maybe a large purchase I need to make. I don’t get why anyone would ever need more than $1000 in their checking account unless they plan on making a large purchase soon.
I couldn't be arsed to move my yearly bonus to savings for a couple months after I got it. I guess that says a lot about how I regularly spend the same amount of every paycheck.
True. With the great interest rates available. I wait to transfer money until I need it and only leave a couple of hundred extra. I use a rewards credit card to buy stuff and pay it all off when due. I am taking full advantage of these rates while we have them.
Good video but a bit concerned about your growth rate at 7% since that's not a real rate that'd be nominal. As we're seeing inflation can and does eat nominal rates up. If someone planned their fire rate with a 7% nominal rate then they run inflation risk when they may need it most for long term care at the end of retirement.
I guess if you include cash about half our none home equity assets are in cash. And since that cash is pulling in a minimum of 5 percent snd the investments are meetint market averages i am fine with that. Sue me..
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
can you stop selling nvda, its a 5 year hold (NO COMPETITION) SELL AFTER 5 YEARS!!!! This 5 year plan can help you finance your wealth to become a millionaire. $100 a week for 5 years with yearly returns of 100% is 960k
5:02 There is also the SPDR MSCI ACWI IMI with even broader diversification (99% of world market capitalization) and an expense ratio of 0.17% p.a., which is half of the iShares ACWI. If you are willing to bet big on the USA the cheapest index fund is the Amundi Prime Global, with an expense ratio of 0.05% and a negative tracking error. Notice that Amundi doesn’t use the expensive MSCI brand name, but instead uses an index made in Germany by Solactive.
There's no reason for them to take risks right now. Why risk the stock market collapsing when you can do 5%+ risk free in treasuries? I'm 70% cash, 60% of that in treasuries/CDs and 10% as stablecoins in Duckpools and Stargate. My overall APY from my cash position is ~6.5%. If I were as old as they, I'd settle for ~5.2% in treasuries and be completely risk free.
Hey Humphrey! Been subbed since the new year. Just wanted to ask - I have started a new job recently and I’m wondering if it’s worth rolling over my trad 401k balance in my trad IRA or rolling this over into my new company’s 401k plan. For added clarity, I have enough money in the account to also keep it opened with my previous company, obviously with a fee. I only have investments in the S&P 500 for my IRA accounts. Just not sure how to tackle my new venture - any help is appreciated.
