One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
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.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
@@Jonathan-hardwick95 You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counsellor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@@izshaanrizwal Rebecca Lynne Buie 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.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
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
I stopped listening and taking financial advise from these RU-vidrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, 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.
Elisse Laparche Ewing 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.
Just learnt few ways productivity can be managed, Appreciate the sense of detailed content...Everything can be made easier although a lot of ways to gamble on productivity has made it tough, It's so common that to some extent you have to participate at least attempt to get ahead and hopefully secure a comfortable retirement. Money sitting in the bank does not grow, money not invested well can be unproductive
Could be anything, real estates, stocks, bonds, anything... Just make sure you just don't buy anything but something you've looked into properly and objectively... If you don't have the time, you could use an F.A or realtor or any expert there... For me, it was stocks because it was the cheapest to get into. I have made up to 400,000 in profits with a guide, There are more options these days..
Totally settle on utilizing an aide, yet where do one even track down a decent F.A ? I'm prepared to get serious about expending, however the choices out there are overpowering
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Aria Cookings, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Her technical analysis is excellent and her interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Aria is the perfect trader to follow for advise and daily signals.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
The greatest episode ever. Wisdom, psychology of money, how to start, how to grow, how to execute, how to invest, how to be rich and how to give. Just wow.
i had the same thought. Basing it on tbe Hindu way of life, I would say Mohnish, Warren,Charlie and such thinkers can be called Saints of Capitalism though it might sound weird. I want to live my life like these people
One of the most impressive aspects of Michael Hugh Terpin trading prowess is his keen understanding of market dynamics. He possesses a deep knowledge of various cryptocurrencies, their underlying technologies, and the broader economic factors influencing their value. This comprehensive understanding enables him to make well-informed investment decisions that consistently yield positive returns.
Michael Hugh Terpin’s trading strategy is marked by a disciplined approach and a focus on risk management. He employs a diverse range of analytical tools and techniques to identify lucrative trading opportunities while mitigating potential risks. This meticulous approach has not only safeguarded my investments but has also generated substantial profits over time.
It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church
Felt like this could have been a 5 hr long conversation and would have still felt too short! Never have listened to something 2 hrs long and felt what a gem but sad it's over so quickly
Meeting Mohnish earlier this month at the Berkshire Hathaway event was a highlight of my week! When I mentioned the upcoming MGM episode with Sean, his enthusiasm was infectious. He's truly a giant in the field ( and physically), yet incredibly gracious. Not only did he chat with me, but he also signed his book, "The Dhandho Investor," making the encounter even more memorable. This episode is unreal-I keep thinking it can't get better, but Sean, Sam, and the MFM team keep exceeding expectations!
I regret not watching this interview earlier. I missed judge thinking it was just going to be bla bla.. This guy is down to earth, comes across as honest and extremely experienced. Transparent
I had never heard of Mohnish before Shaan mentioned him a couple weeks ago, but seriously I think this guy a gem of a find.. he seems so genuine and he’s not trying to push some agenda.. just sharing his thoughts and lessons.. he seems chill and really values his life and time.. I hope to keep these thoughts in mind throughout my life so that I can try to craft a life similar (at much less magnitude) to his! Awesome conversation
This is episode of the year hands down. Watch all your videos and love them all, but this is on another level. Mohnish is an incredible mind and guest.
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life🙏🙏🙏
Was looking forward to this one since you mentioned it a month ago. Thank you so much for bringing Mohnish on. Love this guy! At this point, maybe I should do a documentary about him :D
Just watched the full 2 hours non-stop! Amazing interview leaving space for Monish to speak and asking beautiful questions. Monish is unique. Thank you!
I’ve been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.
After the market dips deep and goes and starts going up on the other side there will be one week there will be a long tail down and it will close hi to 50 day and the 200 day will cross then the market will keep going up above the 200 day and stay above the 50 day don't sell Until It Breaks the 50-day hard it's allowed to go under the 50-day for 4 weeks in a row then let it keep on going up when it really breaks it hard which will probably be in 2 years can you sell you won't make millions but you'll do better than most
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.
Amazing interview. Mohnish exudes wisdom- an extremely intelligent, talented, generous human being. Always so humble too. And what a story teller. Thank you both.
This might be episode of the year - if you haven’t listened yet, make sure you have your note pad. It took me 3.5 hours to finish because I kept rewinding and taking notes 🔥🔥🔥🔥
This is by far THE BEST mohnish interiew I saw. The interviewer was GREAT and had excellent scope of questions. Mohnish was focused and mentioned the most important attributes of an investor and shared great stories. THANK YOU !!! 🌹🌺🌻🌼🌷
What a fantastic guest! You need to bring Mohnish back on soon. A true wealth of knowledge. I write this as an adult who had multiple lemonade stands and a pretty solid Christmas time mistletoe hustle. 😂
Where did you find this guy, he's so knowledgeable and his story telling way is awesome. Thanks for bringing him in this podcast and I have heard a best interactive podcast after a long time❤
First time commenting here. Mohnish, you're an inspiration for every immigrant hustling to make it, and Shawn, you were amazing. Listening to this brought both tears and joy.
Amazing interview, Amazing interviewee, amazing, hard hitting essential questions. I feel blessed to have had the opportunity to listen to the words of wisdom. Great job.
Just because you didn’t run a lemonade stand as a child , doesn’t mean you can’t start and be successful in a business venture. All you need is ideas , adaptability, passion and perseverance…
Thanks a lot, Shaan! I especially liked the idea of finding something hated and unloved. You can often find a lot of mispricing in things that are disliked or hated.
1:58:06 when he spoke about Charlie Munger, I had a burst of laugh and then a tear in my eyes. That story of reading 📚 was fantastic. Thank you so much for sharing such a wonderful story about him. That is how a man should be, no complaints, just go on.
Great conversation and amazing lessons! Aside from the "lemonade stand theory", which is complete nonsense xD. Some skills take decades to master, and many lessons are learned through the journey of life. Many people only find the real motivation to do something more than work for someone else later in life. That's why the average age of a US successful startup founder is in their 40s, and it's not just me saying it, but data. Sometimes it's a bit of luck, timing, and motivation, sometimes opportunities appeal later. Thank you for sharing this amazing content.
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
There are many independent advisors to choose from. But I work with *Izella Annette Anderson* 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 really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
There are three variables that matter for compounding: 1) Starting capital 2) Rate of return 3) Length of the runway "Give and take" by Adam Grant Book about types of people.
Its the most incredible interview i have seen in a long time. As a fellow indian tryna make it in business in us, this is by far the most inspiring videos ever.
I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
You should obviously consult a professional. However you have multiple options. 5% CD/Bond rates very low risk. Or buy equities and purchase puts for insurance. Either way you win.
The issue is most people have the "I want to do it myself mentality" but not equipped hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
What an amazing interview. I’m delighted to meet and listen from Mr Mohnish. I appreciate his deep respect to the investment gurus Charlie and Warren, and his exceptional articulation of his thoughts. Many thanks to your channel for making this interview 🙏🏻😊
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.
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 didn't knew Mr Pabrai before this, I never knew there is a guy who has the exat same thoughts as I do, even his quotes mean the same that I give to my friends and my patients, Absolutely loved the pod cast, would love to see Mr Pabrai once and may be partner with him in doing something even greater. One thing I noticed is our hunger for knowledge, what an excellent way to put that in words. Salute
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, l'il advise you to seek the help of a professional
I completely agree; I am over 40 years old, recently retired, and have approximately $1m 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, having a portfolio-advisor for investing is genius!
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
She's known as *Gertrude Margaret Quinto* One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Well-done. Gertrude Margaret Quinto appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.
Investing well requires mental discipline to go against human nature, which is a laborious process. Purchasing during a panic, selling amid exhilaration, and hanging on while uninterested and yearning for any stimulation. Investing is 95% temperament and 5% intellect.
For many years, government policy has disregarded the future. The judgement day is almost here. I'm predicting the stock market to tumble by 80%. Real estate will become more appealing to investors than equities. There won't be any cash in banks. You need to think of a plan for surviving.
It's frequently the case that people don't realise how important financial advisors are until they suffer the consequences of making rash decisions. A few summers ago, following a difficult divorce, I recall needing support for my faltering business. After doing some research, I located a qualified advisor who worked hard to increase my reserves in spite of inflation. As a result, my reserves went from roughly $275k to $750k.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
So much to learn from this stalwart of a fina’ Guru and so generous explaining for newbies to learn from- his ideology, line of thinking , great analysis examples. Am midway and Loving this conversation 😍 Great Questions @Shaan Puri. 🙏🏼
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 120k I have saved so far for retirement which has depleted over the years?
I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
In retirement red zone, if you haven’t saved enough, cut expense. Don’t celebrate and buy a car when you get a promotion. Use science and math when it comes to money, sock away more money.
@Shaan Puri, a humble suggestion. The title needs to have the name " Mohnish Pabrai" mentioned somewhere .... can't miss that on such a classy interview.
Have seen many interviews with Monish, but this one is different. Shaan gets the best out of his podcast guest. Thank you! I am pumped to continue pursuing asymmetry
What Monish always forgets to say is that it’s not being completely inactive, maybe in the sense of buying and selling yes, but you have to be always studying and keeping up with the company’s numbers as time goes by and also if there’s any change in the business/industry so you can’t be inactive, only if you want results by luck
Shaan is always joking around and having fun with learnings...so in that vein here goes....Mohnish is not just the Indian W. Buffet, with that mustache and features he looks like he could pulll of the Monopoly man role also! Anyone else think so?
He's literally wearing a latex fake head. Mission Impossible was trying to tell us in the 90s. High net worth and operatives do this regularly. You can tell from how it doesn't look like a real human head, the "wet look" shiny head, neck, fake ears etc.
I started listening to this podcast and once and again, i get distracted but something in this discussion keep bringing me back, what a brilliant heart to look into. lovely discussion and so insightful. thank you
