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Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of it! 

Our Rich Journey
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Books that have helped us on our Financial Independence Journey
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The Bogleheads' Guide to Investing: amzn.to/2UjEc4j
The Intelligent Investor: amzn.to/2MKGokh
A Random Walk Down Wall Street: amzn.to/2zIVI8p
The Book on Rental Property Investing: amzn.to/2UkwgQ6
Building Wealth One House at a Time: amzn.to/2ZJQuDW
Rich Dad Poor Dad: amzn.to/2ZD29IK
The Total Money Makeover: amzn.to/2Lc0thn
The $100 Startup: amzn.to/2UnBpqK
Freakonomics: amzn.to/2HCnDeJ
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Our Rich Journey - Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of It!: Are you managing your own investments or considering a financial advisor? It’s crucial to be aware of the tactics that financial advisors might use to win you over. Many investors lean towards professional advice without fully understanding what’s at stake. In this video, we uncover the common strategies used by advisors, highlight the importance of financial literacy, and encourage you to compare managing your own investments with hiring a financial advisor. Watch to learn how to spot these tactics and arm yourself with the knowledge needed to make informed decisions about your financial future!
▸▸▸Check out some of our other videos!
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Oh NO! Interest Rates Are Going Up! | Here's How to Invest in the Stock Market:
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Financial Norms Destroying Your Wealth - We Broke Them to Retire at 39 As Millionaires:
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DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
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27 апр 2024

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Комментарии : 339   
@OurRichJourney
@OurRichJourney Месяц назад
📈Looking to learn how to invest? Enroll in our Stock Market Investing Course: www.ourrichjourney.com/investingforfire 🔥Learn more about financial independence and retiring early: Enroll in our F.I.R.E. Master Class: www.ourrichjourney.com/firemasterclass
@barbaranichols566
@barbaranichols566 Месяц назад
However, how do you borrow against your assets? Please do an video.
@truesurf
@truesurf Месяц назад
53 year old average guy here in the double comma club. What I've learned when it comes to money....NO ONE IS YOUR FRIEND or has your best interest in mind. Learn as much as you can and manage it yourself.
@daystar73
@daystar73 Месяц назад
Absolutely...👏
@steve99912
@steve99912 Месяц назад
So true nobody cares more about your cash than you.
@bpalm7428
@bpalm7428 Месяц назад
truest words ever.
@sheenayaj1700
@sheenayaj1700 Месяц назад
💯
@LuiggiChampan
@LuiggiChampan 19 дней назад
I agree! And no one knows your money better than you!
@hulkman4004
@hulkman4004 Месяц назад
If you got 2mil without one then i say you dont need a financial advisor. You are one
@Arun71150
@Arun71150 Месяц назад
Right!!! Multiple millions, not just 2. Lol. FA saw chaching!!!
@deanrotering879
@deanrotering879 28 дней назад
My friends told me the same thing so I decided to keep on my own.
@augustdelacreme
@augustdelacreme 24 дня назад
Fr fr
@claudinekent5823
@claudinekent5823 Месяц назад
Best decision I made was to take control of my own assets!
@daisyreinacher5022
@daisyreinacher5022 29 дней назад
Me too!
@qeinfinity
@qeinfinity 12 дней назад
Me too!!
@seanbrown2361
@seanbrown2361 Месяц назад
Make a whole video explaining why you didn't go down the route you were planning
@thejourneyofraymond5752
@thejourneyofraymond5752 Месяц назад
Hi, I'm interested in hearing your thoughts on way you all decided not move forward with the securities backed line of credit.
@jeremyhicks2449
@jeremyhicks2449 Месяц назад
Exactly why I managed my own money.
@OurRichJourney
@OurRichJourney Месяц назад
So true!!!
@jmr2594
@jmr2594 Месяц назад
I used a financial advisor in the past to manage ETFS and Mutual Funds in Nj. In 2 years he changed barely anything so when I called him and started asking questions he called me back stating I was calling too much and asking too many questions. I then stopped using him. I also found out that the retirement account he was suppose to manage he had no access. I will never use a financial advisor.
@jay_stack1270
@jay_stack1270 Месяц назад
Wow!! 😂😂 so all these while he was just taking his fees..that’s crazy
@MTXSHO9732vV8SHO
@MTXSHO9732vV8SHO Месяц назад
👍😆👍 Stop calling about YOUR MONEY
@glasshalffull2930
@glasshalffull2930 Месяц назад
Hey,HE’S the expert!!! Just shut up and give him his commissions!!!! (Joking of course)
@genxx2724
@genxx2724 21 день назад
I would get the fees reversed on that retirement account.
@lindamaag3541
@lindamaag3541 13 дней назад
We manage our own monies! My experience with financial managers has been financial bullying. Exploiting me and friends was their approaches, too dumb to manage our accounts. The Lincoln person told me he would put my monies in an American fund, charge 10%, and I wasn’t to bother him after I gave him my monies. Ouch!!!!!! Stand up for yourself. It is rare to even make 10% profits year over year. You guys are Great!!!!!!
@PaulProsperInvestments
@PaulProsperInvestments Месяц назад
Always cracks me up how someone working a 9-5 thinks they can "teach" folks who retired early and living off their investments how to invest. He knows there was nothing he could do for you guys investment wise and simply wanted that commission fee.
@melaniesmith1928
@melaniesmith1928 Месяц назад
Right! 😂 Sir, we did this without an advisor. Don’t do us any favors with your ‘help’.
@lataraashley9143
@lataraashley9143 Месяц назад
Thanks for using your experience to warn us 😮
@sidandsof12
@sidandsof12 Месяц назад
I’d like to know why you didn’t go through with the line of credit. Can you post a video about it?
@victorc2786
@victorc2786 Месяц назад
Thanks for all the great advice you give, Love ❤️ you guys.
@betterme479
@betterme479 Месяц назад
Really appreciate this video! Thanks for taking us along on your journey ❤
@aracelireyes999
@aracelireyes999 Месяц назад
J L Collin's book would agree with you, " Manage your own money." Thank you guys for everything. I am at the very beginning of my journey.
@OurRichJourney
@OurRichJourney Месяц назад
Yes! We are definitely in favor of managing our own money!!!
@irene8013
@irene8013 Месяц назад
Thank you for sharing, very helpful info!
@mannyaleixo4402
@mannyaleixo4402 Месяц назад
Well said thank you for sharing your experience. It’s appreciated
@faqu529
@faqu529 Месяц назад
The Advisor was doing the Bird Man hand rub while conversing with you all. Glad you all stood on business!👏🏾👊🏾🙌🏾
@blascarmona6613
@blascarmona6613 Месяц назад
Thank you for sharing!
@aracelireyes999
@aracelireyes999 Месяц назад
37%??!! Wow, you guys are amazing.
@OurRichJourney
@OurRichJourney Месяц назад
Thank you! 💕
@evanrousseau8666
@evanrousseau8666 Месяц назад
Magnificent 🎉
@westcoastmediasolutions
@westcoastmediasolutions Месяц назад
Yes please tell us what you guys decided to do to finance your next property purchase.
@ML-dj8fq
@ML-dj8fq Месяц назад
Thanks!! Please talk about securities backed line of credit
@TiagoRamosVideos
@TiagoRamosVideos Месяц назад
Great video! Thanks for the heads up 🙏
@respectfullytruthful
@respectfullytruthful Месяц назад
The shower scene 😂😂💀
@OurRichJourney
@OurRichJourney Месяц назад
😂😂😂😂
@angelromero8076
@angelromero8076 Месяц назад
Thanks for the content, very informative and helpful.
@Lissa1988
@Lissa1988 Месяц назад
Another great video. This one definitely hit home for me. When we pulled our accounts from our previous advisor, he used several of these tactics. They definitely hate when you are an informed client.
@hopedodson8058
@hopedodson8058 Месяц назад
Yes- would love a video about securities backed lines of credit.
@NursesToRiches
@NursesToRiches Месяц назад
I love this video and always enjoy watching you two together.
@feliciaflinders
@feliciaflinders Месяц назад
❤❤❤ thanks for sharing 👍. Also the loan against value of portfolio is good insight to mitigate tax. Clever idea and very smart.
@nalonnimadden4730
@nalonnimadden4730 Месяц назад
So is this course different from the previous one and we would have to buy again?
@TheSponsorPodcast
@TheSponsorPodcast Месяц назад
Joined the journey last month! Thank you for providing clarity and a path to FIRE!
@marcshaw6811
@marcshaw6811 Месяц назад
Yes please explain how you pay the securities backed loan .
@TYJ419
@TYJ419 Месяц назад
Thanks for sharing your experience. Yes, would love a video and why you changed your mind about the line of credit. Tracey
@OtrosCauces
@OtrosCauces Месяц назад
Interested in your take on the stocks-backed loan and what did you do instead
@rogeliofernandez6266
@rogeliofernandez6266 Месяц назад
Thanks for posting content about FIRE! Its hard to find recent videos on it
@femio3617
@femio3617 Месяц назад
What life insurance is the beat yall recommend or use
@JenniferBelong-is7je
@JenniferBelong-is7je Месяц назад
I appreciate you sharing your experience - thank you
@shalakataneja8686
@shalakataneja8686 Месяц назад
So true! I had the same experience recently.
@vgb10dst
@vgb10dst Месяц назад
Excellent video!!!! Always deliver!!!
@actionvj
@actionvj Месяц назад
🙏🏾 This video is awesome. While I don’t have that type of money, that makes it even more important to make every penny count. I appreciate y’all sharing your experience. It’s great knowledge for me to have and many others, I’m sure. 👍🏾
@PeaceBeginsOnYourPlate
@PeaceBeginsOnYourPlate Месяц назад
Great video! Thanks for sharing! I'm curious in learning more about why you chose not to go with a securities-backed line of credit. Also, speaking of tax-loss harvesting, what are your thoughts on robo advisors like Wealthfront? Would love to see an updated video on your thoughts now on robo advisors like Wealthfront.
@marjorieantoniou2836
@marjorieantoniou2836 Месяц назад
Security lined backed credit sounds interesting please share. Thanks!
@IRun4Ever2
@IRun4Ever2 20 дней назад
Thanks for sharing your experience with the financial advisor.
@MrTofu13
@MrTofu13 Месяц назад
I want to keep my money too! Thank you guys for all the knowledge!❤😊
@ImaAHol
@ImaAHol Месяц назад
Please do a video on the securities backed line of credit!
@symplybeingme
@symplybeingme Месяц назад
Another eye opening video. 😊
@paulainocent622
@paulainocent622 Месяц назад
Great video!! Thanks for the walk through tactics. Thanks for increasing financial Literacy.
@NeilLevalier1
@NeilLevalier1 Месяц назад
Great video! This was also my experience exactly.
@lewishamse6
@lewishamse6 Месяц назад
Great video very insightful. I plan to always manage my money. Like they say "Knowledge is power". Thank you for reinforcing my own opinion.
@ramez1884
@ramez1884 Месяц назад
Great video! Would love to hear more about the securities-backed to line of credit
@willmallory9085
@willmallory9085 Месяц назад
Excellent video Team, thanks for sharing.
@OurRichJourney
@OurRichJourney Месяц назад
Hi Will! Thanks for watching!
@sonja8942
@sonja8942 Месяц назад
Very interested in why you decided not to go to the securities backed loan for real estate purchase. Also is the purchase of your 3 other properties primarily to rent them out or is it to sell them at a profit after improving them?
@VNAV_PTH
@VNAV_PTH Месяц назад
LOL, used car dealership vibes 😊
@rickb5275
@rickb5275 Месяц назад
Love your channel. I’d love to understand your thoughts and reasoning why you did not choose to go with the line of credit
@brinho109
@brinho109 Месяц назад
What alternative to the securities backed line of credit did you all use, if any? Great video.
@elliottpaige
@elliottpaige Месяц назад
This was great! Thanks. Looking forward to your video on securities-backed line of credit. ❤
@chicatita4753
@chicatita4753 Месяц назад
Yes, can you please talk more about security back line of credit? And if you dont use this then how can you use your $ to buy real state for example without paying high taxes? Thank you!!!
@sidandsof12
@sidandsof12 Месяц назад
Haven’t heard “scanless” in years. Took me back. Love ya guys!
@autobotdiva9268
@autobotdiva9268 Месяц назад
i busted out laughing and Amon said it hard!
@videolife101
@videolife101 Месяц назад
I’ve been looking into SBLOCs as well. Very useful tool.
@skvirk2669
@skvirk2669 Месяц назад
Best video! Thanks guys.
@MK-ut8ik
@MK-ut8ik Месяц назад
I would be very interested in the ways you leverage, investigating it myself, the securities line of credit and so forth. Do you elaborate on that? And yes! Great advice regarding financial advisors, I have used them in the past and lost a ton of money at their grezzy hands. most are crooks and are NOT looking out for your best interest
@dianesalvatore5018
@dianesalvatore5018 Месяц назад
I would like to hear what you think about the securities back LOC.
@samuelawosolu1485
@samuelawosolu1485 Месяц назад
This was a great video! Please create more videos like this that expose how some financial advisors at banking institutions may not have your best interest when it comes to managing your money. Also I would like to know more about how a securities backed line of credit works. Sounds like the equivalent of taking a HELOC on a home.
@kimdav111
@kimdav111 Месяц назад
do you have video on securities backed loans? How much do you need to have to do this? What did you do because you did not want to incur large capital gains to make a big purchase?,... I know about harvesting losses.
@nalynegunggavakin9682
@nalynegunggavakin9682 Месяц назад
I totally agree with you and had the same experience from well know financial advising places. I tried let one manage an IRA and they totally underperformed in a bull market. They obvioulsy didn’t rebalance it. Please do a video on Pledged Asset Line of credit.
@mikejones3078
@mikejones3078 Месяц назад
Great info
@isaacchavez7121
@isaacchavez7121 Месяц назад
Definitely want to know why you didn’t go with the security backed loan
@Corioles29423
@Corioles29423 Месяц назад
I want to manage my own investment, but how do I manage the capital gains tax?
@sonja8942
@sonja8942 Месяц назад
Is there a cost for your course in financial “know how investing”?
@MGMG-es9ry
@MGMG-es9ry Месяц назад
How do I get security backed credit line? Can I get such credit line on my retirement account? Your feedback is greatly appreciated
@jonnom6528
@jonnom6528 Месяц назад
so happy to see you two continue to grow it was years ago i watched one of your videos on index funds and now look where youre at!
@smokeyhat
@smokeyhat Месяц назад
Thanks for sharing the advice guys. I would certainly walk right into this trap in the future had I not seen this. Keep doing what you're doing to increase the awareness of the uninitiated like myself. ✊✊
@ginahill6621
@ginahill6621 Месяц назад
Thank you 😃😃😃😃😃
@SelfcarewithAtem
@SelfcarewithAtem 25 дней назад
Very good points 🎉
@TrailtoTrailTom
@TrailtoTrailTom 19 дней назад
Looking forward to the video about your path/experience getting the Security backed investment.
@DanTran-uv3rg
@DanTran-uv3rg Месяц назад
Interested in the securities backed line of credit video :D
@traceyilene4531
@traceyilene4531 Месяц назад
This is good stuff!
@saikatbanerjee9612
@saikatbanerjee9612 Месяц назад
Please do a video on the Securities backed credit line! Thanks!!
@user-br2zp3bk6f
@user-br2zp3bk6f Месяц назад
Enjoyed your video. There are very few financial topics that are both original and relatable to where I am on my financial journey and this video is both. I wrote myself a note to start researching "securities backed line of credit" and so I would encourage you to have that topic in a future video.
@dkgong
@dkgong Месяц назад
$2 Million?! Wow, that's amazing! I hope you can do a video on what you invested in someday.
@PAULIEL.
@PAULIEL. Месяц назад
GET THEIR STOCK INVESTING COURSE AND THEY SHOW YOU.
@nikkoe2694
@nikkoe2694 Месяц назад
They have lots of videos about that
@jeanninecarter1312
@jeanninecarter1312 Месяц назад
what made you decide against the security backed loan? were there high fees? or pre-payment penalties? what route did you finally choose? just curious if you don't mind sharing. i really enjoyed this video.
@teribond7808
@teribond7808 Месяц назад
Very helpful information! I have fallen prey to those type of tactic in the past. Would be interested in seeing a video on securities backed loan. Thank you!
@Chachou18711
@Chachou18711 Месяц назад
Thank you for your advices. I started my journey 5 years ago. From zero to 300 000 euros on stocks and index funds. Thank you for the motivation. A French suscriber !
@kckuc310
@kckuc310 Месяц назад
Very good video!
@cosandraodame7623
@cosandraodame7623 Месяц назад
Great advice
@OurRichJourney
@OurRichJourney Месяц назад
Thank you!!!
@jdone7619
@jdone7619 Месяц назад
@@OurRichJourney how long did it take you to save or invest before you retired and how much did you start off with ?
@PhilomenaAgbanyim-Oragui
@PhilomenaAgbanyim-Oragui Месяц назад
This video has been a life saver,thank you guys for such wise advice❤
@brian7110
@brian7110 Месяц назад
Yes please explain the SBLOC! Thank you!
@letschatfamilyfinances
@letschatfamilyfinances Месяц назад
This was hilarious! Thank you for sharing!
@rosealapatt1315
@rosealapatt1315 Месяц назад
I am interested in knowing why you did not go forward with the credit. Thanks for these insights. I always remember what you have said in some of your earlier videos about the percentage charges by fin advisors- it would only make sense if they charge a fixed fee.
@VincentCloutierMtl
@VincentCloutierMtl Месяц назад
Thanks again for your videos. That one is so good as everyone has lived or will live this at some point.
@pall5114
@pall5114 Месяц назад
always inspiring, congrats. do you have a video on how you managed 37% last year, and what funds/ETFs you are invested in?. To your point, I have not had much success with financial advisors and could have done better on my own invested in S&P fund. Thank you,
@MTXSHO9732vV8SHO
@MTXSHO9732vV8SHO Месяц назад
Yes indeed.. It's the NEXT LEVEL. That IS how it's done (SBLOC).
@02nupe
@02nupe Месяц назад
QUALITY CONTENT!!!
@varup7483
@varup7483 Месяц назад
Thanks a lot you guys! I learnt a lot from you! I appreciate your kind efforts educate people on financial knowledge which we never learnt in school! Kudos!
@steve-ml4du
@steve-ml4du Месяц назад
Great video. I would be interested in hearing more on securities backed line of credit and your reasoning for not going with it.
@zulya98
@zulya98 Месяц назад
What about left insurance advisors it is very trendy now among Americans
@rainbowbridge5259
@rainbowbridge5259 28 дней назад
thank you sooo much
@leftbank0693
@leftbank0693 Месяц назад
Same. Once I got those year-end statements back and saw that my S&P index fund was outperforming his active management, we pulled our funds and closed the account with him.
@radishfever
@radishfever Месяц назад
I would listen to a video about securities backed loans. 👍
@BrunissimoArt
@BrunissimoArt Месяц назад
As always thank you both for sharing your experiences with us! Helps us stay on our toes! It would be cool if you guys made a video about securities backed line of credit next! One question I have is if a person has some amount invested with VTI and another chunk with VTSAX, would the broker only consider one of those accounts or would the broker factor the total amount invested between the two investments? Anyway thank you as always Amon and Christina!
@larettaadams1866
@larettaadams1866 Месяц назад
Thank you. I learned about this in your program a couple years ago. It was the best.. 365 Days!!!
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