A question that could have been asked is, "Why has the U.S. market wildly outperformed just about all other stock markets in the world?" Will this continue? I'm dumping my developed markets and emerging market index funds because their returns have been garbage next to U.S. market returns. And I've had those funds for over 10 years, so the U.S. outperformance is a long-term phenomenon.
I invest in index funds. I realize that, for index funds to work, there has to be some active investors influencing stock prices. The few investors who are smart enough to do that well will beat the market and are justifiably rewarded. I'm not one of them.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my 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.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, 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 agree that buying a used car is the best thing to do financially but it can come with a lot of hassles. First off most people don't maintain their cars well. You have to get the used car inspected thoroughly by a private mechanic and even then that is no guarantee that he will catch everything wrong with the car. That's why I prefer paying cash and buying new. The difference with me is I always keep the car at least 15 years and preferably longer. I have been doing it that way for the past 45 years.
I don't regret buying new. I intended to buy used and pay in full, so I had a sizable sum saved. But, when it came time to actually get the car, the used cars were so overpriced that the nice, low milage, good condition cars were about the same amount as a brand new Toyota Camry. Either way, I was going to have to finance even with my sizable down payment. I decided to go with the brand new Camry. Zero regrets. I love the car, and I will be paying it off this month!
Thanks to finding the Ramsey plan 15 years ago, I’ve only ever bought used cars for under $20K, all in cash. I have no debt except my mortgage, which is almost paid off.
Me sitting here on a paid-off Toyota my parents bought in 2006… this is like when people advise I should cut out soda to lose weight. I don’t drink soda, ever. 😅
My family convinced me to lease a car and my ex at the time was so against it. I will admit-he was right. Now I ended up having to drive way more than expected, so reliability was good, but def went over mileage and it was way too expensive for what I made. I have to buy it out now and luckily I was able to extend it so I can pay it off, but next time only certified used. 🤞🏼
Great video! I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
I've been trading by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
YES!!! That's exactly her name Katherine Maggie so many people have recommended highly about her and am just starting with her from Brisbane Australia🇭🇲
My wife and I enjoy these short videos from RS. We are beyond the metric you discuss for buying a new car but still can not stomach the depreciation and loss of investment capital. We try to find reliable vehicles (Toyota, Infiniti, etc) that have plateaued after their steep initial loss.
If you are paying cash for a car don't expect a good deal. Most car salesmen think cash is trash. They make more money from financing and selling extended warranties than they do from actually selling cars these days. Just as credit card companies consider people that pay in full every month deadbeats car dealers are not fond of cash buyers. The dealer gets paid from whoever is giving the loan and its easier to upsell people only concerned with a monthly payment add-ons like extended warranties, service plans and other extras. A lot of incentives car makers offer now consist of special financing offers with no option of getting a discount instead. I still pay cash but its frustrating that paying cash makes car buying even more of a hassle than it usually is.
I live in Turkey where cars are expensive 2x times because of taxes. I work remote as software developer. I rent high-end cars for vacations only with great discounts and the rent payment is equals to a car's yearly tax in a year.
A car is not an investment. It is a tool. My last car was paid off within one year and I drove it for 17 years. Yes, I have a loan on my new royota but it will be paid off within 2 years and I intend to drive it for many years.
$50K 60-month loan at 7.5% costs just over $10K in interest alone! 4 years ago you could get a 2% loan. $50K 60-month loan at 2% costs just under $2.6K in interest.
It is not but it is, why? Your car takes you to work so you can make money, if you do landscaping you need a car to transport your tools, if you do construction you need a car to load it with tools/materials If you do Uber, Lyft, food delivery etc your car is an investment, if you have a big new car that burns a lot of gas only to cruise around or go to work then that’s not an investment because you’re burning too much gas so you need a smaller older car.
Food depreciates 100% in days. What do I do about that? And you lose “a little” money in mortgage interest? Have you seen the rates lately? 15 years you’re paying 60% in interest alone. 30 years, 150%. You’re paying double the price and then some
I really appreciate the dedication in each video you post. Passive income does have a way of liberating people, I remain eternally grateful to Katherine Stewart for her efforts that got me to this point, finally payed off my mortgage and all my debts, what more could I've asked for. keep up with the good videos.
By this line of thinking buying anything that could be replaced by something cheaper is dumb. But I bet you she buys steak over pork sometimes or flavoured beverages of water. How about her nice décor in the background which serves absolutely no purpose whatsoever. Almost everything loses value when considering opportunity costs. At some point you have to include your own happiness in the equation. Yeah my M5 will lost monetary value over the years but the smile on my face when I drive it is worth something too.
Car loans ARE a bad investment, but one that is even worse is buying something using leverage. Now THAT will wipe out ALL of your equity, bot it won’t stop there. Leverage amplifies gains, but it also amplifies losses. That’s why the calling it being “under water.” Stay “under water” too long and you drown (financially).
That truck payment is fake. He would have to had gotten an 85,000 loan for 84 months at a 25% interest rate and put nothing down for that much interest. Maybe he did. but 90% of the internet is fake
Even if you do have a million dollars, it’s still a dumb idea to drive a brand new car. Even Warren Buffet one of the richest men in the world drives an older car.
*Wow😁, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
That's true. a lot of people today have been having a ton of disappointments in forex and crypto trading in light of helpless direction and awful specialists
@@ornametrics Yah, it's not supposed to appreciate. Its depreciation is normal, just like appliances and other machines. That's why it's an asset, but not an investment.
So you should just walk everywhere? A car is not an investment so stop talking about it like it is. It is a tool that's needed to get you places and to get you to work so you can have money for investments, come-on.
I've been following Dave for over 15 yrs and Rachel for the last 10. I feel like I've grown up with them! With that said, Rachel....that hair style isn't working.
