Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

Could you recommend your advisor? I'd appreciate some help.

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

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

Navigating a downturn can be challenging for many, especially when they're accustomed to thriving in bullish markets. However, with the right insights and strategies, substantial profits can still be made. It ultimately depends on your ability to identify promising opportunities and execute well-timed entries and exits.

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

Could you recommend your advisor? I'll be happy to use some help.

Sonya lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

Anticipating the housing market in 2024 poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.

Consider shifting from real estate to stocks during severe recessions. While market volatility presents short-term trading opportunities, it's crucial to approach with caution. This isn't financial advice, but investing during such times may be a strategic move, consider adopting the services of a financial expert.

@@mariaguerrero08 Can you suggest the financial expert you've been using? It appears you've had success with their guidance.

Definitely! It all happened in less than a year after *Gertrude Margaret Quinto* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

Personally, I can connect to that. When I began working with "Vivian Carol Gioia" a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

@@Quasoncaviness2 I'd be glad to get the help of one, but just how can one spot a reputable one? How did you spot this Vivian?

“Vivian Carol Gioia” maintains an online presence that can be easily found through a simple search of her name on the internet.

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.

You're right! With the help of an experienced coach, I made some changes in my investments. I started with $321k, and now I have more than $750k by investing in stocks, ETFs, and bonds. I think housing prices won't go down much until there are more houses available.

Mind if I ask you to recommend this particular coach you using their service?

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Carol Vivian Constable turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

I just checked her out and I have sent her an email. I hope she gets back to me soon

Nevertheless, there are certain investors who are still managing to generate substantial returns despite the unfavorable market conditions. Achieving similar results requires skill and expertise.

As the market continues to experience a downward trend, I have been diligently researching various strategies. Surprisingly, it appears that there are equal opportunities to achieve substantial gains in both bullish and bearish market conditions. I have come across stories of individuals who have managed to earn as much as $300k during this market downturn, and I am eager to uncover the tactics and approaches they employed to achieve such impressive results.

Undoubtedly, fiduciary counselors possess exclusive access to proprietary information and data sources that are not accessible to the general public. Under the guidance of my trusted fiduciary counselor, Camille Anne Hector , I successfully generated approximately $560k in net profits during the third and fourth quarters of 2022. With such promising results, I am eagerly anticipating the potential for further growth and success in the future.

Interesting, if you don't mind me asking Who is this person? and Is she really worth recommending?

If you are seeking to diversify your portfolio, it is crucial to consult with an advisor. In my case, I have been working with Stacie Lynn Winson, who can be easily found online and possesses extensive expertise in the financial markets. Engaging with a knowledgeable advisor like her can greatly enhance your understanding and decision-making in the world of investments

Safest approach i feel to tackle it 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. its important to seek the guidance of an expert

It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

Aileen Gertrude Tippy‘’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Aileen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

Smart choice. Getting a 15-year mortgage is a bad idea.

If you get a 15yr within the parameters of the total payment being under 25-30% of your total monthly take home it’s totally fine.

Dave would call you an idiot

Sure, but most normal humans can't do that practically speaking.

Almost nobody has the discipline to do that

investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity

They're saying the markets are supposed to fall next year. Probably for the next few I would imagine. If you're unsure to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments

@colleen.odegaard wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your CFP please, if you don’t mind me asking? in dire need of asset allocation

What i can briefly share is; 'Monica Selena Park' deserves credit as one of the finest financial planners who decides what assets i acquire whilst skillfully diversifying my portfolio. Her reputation precedes her, and I highly recommend her on a public post, you can look her up to locate her online if you are internet-savvy

House! You won't be sorry in the long run. And you can always sell.

That’s because you can think on your own and know what’s best for your situation. I watch Dave because it’s something I have done since the early 90s. It’s entertaining but rarely anything I don’t know. I even learned things at public library and done things like manual underwriting in early 90s before Dave Ramsey. Jill on Money and Clark Howard Show is my thing. More up to date and current on important things that interest me.

Curious why does it take 30 years to pay student loans...?

Almost nobody can do that either. That requires discipline. Americans don't have the intelligence.

Amen

Refinancing into a 15 year mortgage was a great decision. Almost done paying off the mortgage which is half what my neighbor pays to rent his place. May not be for everyone, but I don't regret anything.

This, you can pay it down as fast as you want, locking into a 15 year deal just means you have no flexibility

I regret not buying a 2nd home when rates were that low.

@@secretsquirrel6718I feel the same. Should have bought a second one.

It's still all about becoming debt free and staying free.@@secretsquirrel6718

What advice was that?

@Camera_Operator most likely the 15 year mortgage bit.

Won’t know until she find areas of waste. Need to start somewhere.

I was thinking the same thing. She has a kid I’m sure she know every penny coming and going

Her problem is not having a husband. 2>1

Ignoring the fact that they also told her to get a second job to gaslight people is wild.

I live on 35k and eat quite well, occasionally I have rice and beans with a side of chicken. It’s a Puerto Rican staple😊

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

*Alicia Estela Cabouli* my FA, is a well-educated and seasoned expert in the financial industry. She is regarded as an authority in this sector and has a deep understanding of portfolio diversification.

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

Certainty eludes everyone; thus, it's vital to establish your own methodology, handle risk, and adhere to your strategy unwaveringly. This commitment should endure challenges and successes, all while maintaining a commitment to ongoing learning and improvement.

Embracing uncertainty, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.

@@roberttaylor662 Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.

I'm guided by Monica Amanda McClure an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

There are a lot of independent advisors you might look into. But i work with Emily Lois Parker and we have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before emailing her. She seems proficient considering her résumé.. can I get a way to communicate with you as I have some questions

I think the issue is some people are concerned a house will appraise for say 400k today. Then next year it appraises for 350k because in general, homes are overvalued right now. Including the appraisals.

May god make it easy for you. I applaud your strength

@@nabeelahmed7401 Thank you for your kind words. I'm actually moving out. I was able to save lots but things are becoming too much with my friend and to save the friendship I decided to move out. I will be paying a little more rent where I'm going. but it's still affordable. 6 months was enough and now I need to get my sanity back. God is leading my path and I will be ok. God bless!

​@@creativeopinions8250 Kudos to your strength! Good luck and God speed. What state are you in? And where do you move to?

I'd rather live in a van than do that lol.

And you can refinance later.

@@calinator51 exactly!

RIP

@@devonrose888 speak for yourself.

This!

It is actually a really good time to buy new constructions as you can negotiate with builders lower fixed interest, and get them to pay some of the closing cost or all if you can get away with. Of course, you have to be prepared, 740+ credit, low DTI and a 20% down still crucial unless you want to be house poor.

Or people are living in affordable areas of the U.S. like myself.

@@blackworldtraveler3711what howler in West Virginia do you live in?

@@jukelohnson5095 Not familiar with your area. Get out more. It's a big country.

​@@blackworldtraveler3711makes all the difference

Having a child is scary.

@@charleslavoie5402 Very!!!!!

Being broke with chilDREN is even scarier!

I never understood why poor ppl have children. Why? So more ppl can suffer along with you? Make it make sense

@@sammihebert6493 I was thinking the same damn thing

I agree. They could also share the room and have the office in the living room. I have 2 kids and we all share a bedroom with the 2nd bedroom as a playroom. I refuse to upsize because I don’t want to pay more and my kids are still little.

​@@Vicky-by2hq3 ppl in 1 bedroom is interesting. So what's your plan when the kids are big cuz y'all sharing a bedroom wont last much longer.

@@goldenlifelove7251 You’re supposed to be saving your money during that time. Kids get older and playroom isn’t needed. Add bunk beds and change it back into a bedroom It’s not rocket science.

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions. Right now treasuries and HYSAs pay 4.5-5% risk free, do that.

Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

When I curiously typed in her entire name to search online, I saw that her site was highly ranked and really professional. Thank you for sharing this; it has stoked my desire to achieve my objective again.

There's going to be no crash when the interest rates drop all the home prices increase everybody moving south home prices and taxes are way up

@@WheresWaldo05 It says her take home pay is 9k a month which means AFTER taxes.

Ikr?!!

I have met too many people that had pools installed without realizing the other costs for filters,chemicals,insurance,and higher electric bills. Nobody ever discuss who will clean and maintain the pool or local pool laws beforehand like mandatory fencing and whatnot.

@@blackworldtraveler3711It’s the consumer’s responsibility to inform themselves, not mine.

Most Americans aren't intelligent enoughto have the necessary discipline

Exactly.

Thank you for your advice ! What's the differences between 15 year mortgage and 30 year mortgage ? Is the interest lower, but payments higher for 15 and then opposite for 30 ?

@@suzietoanoneart I am not a mortgage broker so I can't give you the specifics. The interest rate is lower on a 15-year mortgage but life is unpredictable and if you want to stay in your house even if your income drops for several months, it is best to get a 30-year mortgage and make extra payments when you are able to to pay the property off sooner.

Because single mothers are really intelligent, responsible and selfless.....😂😅

What an ignorant statement. If this is your logic I guess no one will have kids other than the retired and the over privileged.

@@laurenlochner7035 if you can't afford a home before being retirement age you DEFINITELY can't afford kids. Note I'm saying own a home not saying own a paid off home.

😂

🤣🤣 That's definitely why I'm here 😂

Ouch

Do I sense some sarcasm?

bruh this is ridiculous your just another loser who cant figure out what they are trying to tell you what to do. Its actually repetitive, Everyone has to stop spending their money. Some of us start with 20$ and homeless and some of us dont. Relax and realize if you dont stop spending even 1$ a day youll never make it

You won't need it when you are working 16 hours a day to afford a place to live

There will be a recession and layoffs. There's no way the economy can keep going on handouts and debt.

Who says anything about waiting? You would have been better off getting a 15 year in 2016 than any mortgage today.

@@amireallythatgrumpy6508 To get a 15 year you need to have a larger down payment to fit your monthly budget. That meant waiting for most middle class people.

The interest rates are just going back to normal after the 2008 cash. These interest rates are not going anywhere.

False. They will overcorrect and swing back. Interest rates are like a pendulum. They're going to swing back and forth for a while before they settle down. If they ever do settle down. It may just be a driven pendulum system that swings back and forth forever. @@2jcward

So what's going to happen? Wit details

​@@VlogsOfAnythingjust sit back and watch it all unfold

Don't look for a housing crash. What's likely is that builders will build smaller but more affordable homes.

@@TheFirstRealChewy1.5 mil HELOCs were pulled this year another 1.5 last year. Credit card debt is increasing. Average car loan is $500-$700/month. 3 mil full time jobs were lost and 1.5 part time jobs were created. There is going to be some type of crash. I feel like a debt crash

@@VlogsOfAnything I plan to travel more.

She can’t move. Her child’s father lives close. That’s not the solution 😊

If nothing else I've found that renting a car in Europe definatly requires a credit card and they are a great back up in certain situations where you cannot access your bank account.

@@secretsquirrel6718 Yup traveling outside of the U.S.with only a debit card is not a good idea.

@@blackworldtraveler3711 well Don't discount cash!

If you can't afford a 15 year on 25% of your take home pay (or 30 year on 15% of your take home pay) you cannot afford a home at all. End of story.

@@amireallythatgrumpy6508 sheer idiocy. Just arbitrary numbers.

??

That's the norm unless you have some skills or education. 45K back in the 90s was like a 6 figure income is now.

​@@vickieclark5931why do people settle for norm though? We should all try and do more. Dont stay at 45k, keep working at making more.

Poverty level is currently $30k for a family of four in the U.S..

It will be before child support. Always is.

That’s all on you for not thinking on your own. Only you know your situation not a stranger on KZfaq.

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the markets.

Could you recommend this particular coach you using their service?

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

I work from home and I am renting a one bedroom apartment. I took the bedroom as an office and I sleep there too. My mom sleeps in the leaving room and next year I am going to look for something even cheaper. So, yes, you can make it work. Thanks for your comment.

move. simple.

You bought as is. Someone else will. But yeah maybe you will lose a little if economy corrects

You‘re looking at it wrong. I‘m in Denver. Was renting in Rino and that was just wasted money……we bought a house and that $25k/year the apartment co. Was getting i will now get get back. Its perspective….you did the right thing

So why didn’t you pick up and go instead?

I plan to travel more.

Sell drugs or rob a bank.

some small towns in the mid west have houses for under $100000-

On the contrary. The best way to lose your a$$ financially is to get married.

Can always move to a state where communism is not the goal.

​@@LegDayLas😅 true

Plus all the excitement of living in Mesa😂

@@secretsquirrel6718 better then paying 60% of salary for rent. She is a single mom so she isn't hitting clubs weekly anyway. The area of Mesa I lived in was on the border of Tempe apartments across the street were a few hundred more cause they had a Tempe address.

@@secretsquirrel6718 She chose to have kids and live there. I just checked the listings for Mesa. There are over 140 two bedroom rentals from $1k-$1500/mo.. Over 100 homes for sale from $80k-$120k. Looks like she is way above her means where she’s at now.

@blackworldtraveler3711 not my point.

35% isn't too bad. Maybe you can look into remote work like others are? It sounds like you could make more money if you were to either specialize in a skill or got into remote work

@@crashtestdummy1972 I work remotely for the Barcelona office of FAANG company and I’m a software engineer so I do make above market average but the overall salary in Spain is so low. I think the national average is like 22k a year. And that was fine while the economy slowly recovered from dictatorship because the cost of living was still relatively low but after COVID, with inflation, everything just went crazy and the economy can’t keep up. Even for remote jobs, you still need a work visa from the country you’re hired in so a lot of remote workers from the UK, US, other parts of Europe decided to move to Barcelona and their incomes are usually way higher than the locals, driving real estate prices up. A recovering economy is a very tricky situation and post COVID, it just got a lot worse. Like that caller, I’m here because of my daughter’s dad too or I would’ve left ages ago. Imagine spending all that time graduating computer science to make ends meet here. I would’ve lived such a good life in Bali lol (but then I’d be the type of expats that are causing the same problem here).

That's rough. And ot always seems to me that Spain is less expensive than the rest of wester EU

It's a world-wide RE bubble that is going to pop.

With a 25% monthly take home pay, 15 year fixed mortgage, and 20% down payment ofcourse! Because obviously we all make well over 120k a year.

Buying a house isn't an investment for today. It's securing your future by locking in a place you can afford to live in now for a fixed payment that almost assuredly will be worth more in 20 years than it is today, at which point you should have had it paid off for 5 years already if you follow Dave's plan and sign a 15 year mortgage.

@@ericg9092 buying a house in today's market is a HUGE gamble.

​​@@TheJozuaSmit You can't ball at Chick-fil-A on a Checker's budget. Adjust your expectations to what you can actually afford and most of the problem will be solved.

people that are waiting for lower interest rates forget that when interest rates are low there's going to be a much higher demand and therefore prices will be higher costing them much more than a higher interest rate would.

You can afford $450k. Tens of thousands of homes available today all over the country. Is your metro area over 1M people?

You can easily afford a home. You just feel entitled to own one in a high cost of living area.

@@eggsinsidemewhat makes you say it’s entitlement? Homes are tied to school districts, you don’t know anything about this person’s situation.

​@hvaball150 you dont know where they live or what their career situations are. Telling someone there is "affordable" housing everywhere is crazy! You want them to find new jobs & move to someplace w/ a lower COL just to buy a house? You don't know what their family & parents & obligations are!

I make about the same net and still feel broke! Like. I couldn't fathom buying a new car. Glad I own my house and am not looking. I know its dumb advice but consider moving to a different area.

exactly

What advice did you do that you regret?

Right? Dave Ramsey's show is entertaining with the human interest stories and all, but as financial advice? Eh, PASS! I ignore nearly everything he says, and his plugging mutual funds is plain irritating.

@ArmageddonIsHere same, i max all my credit cards and i have 4 car loans. I feel like saving money is a waste.

Some genius told me it would be ideal to try and pay in cash - if I could save up for approx 3 years.. We’ll here I am, 3 yrs later and for the price I targeted - I went from being able to get a great home - to now looking at high crime areas far away from friends and family.. Do not listen to Dave

​​@@ds3602If you were able to save that much cash, you could just save a little longer and get the house Or do the 15-year fixed with a very minimal finance amount and pay it off quickly by doubling up payments. Stop being dramatic.

Yup!! It's the TRUTH and it's an unfortunate one. I believe more Americans need to start LEAVING the US for more affordable housing. Our politicians act like they have a monopoly on our people but we CAN GO ELSEWHERE. Immigrants used to flock to the US, now it's time for us to flock out as a big sign that things are NOT okay here.

Real estate is hundreds of years old. Costs have increased over time. That's what the market does. Good Lord, this isn't the end! Quit being so nihilistic.

​@@ds3602Who told you that, because it wasnt Dave?! If you actually listened to Dave, you wouldn't be in the mess you caused. Own up to your mistakes and quit blaming others.

And even you bought during the peak of the bubble, I bet you're up at least 100%.

@@Jake-nq5fbyup

Wait another year at least. The bubble is going to pop and prices will drop at least 30-40%. Save up at least 20% for your down payment. But be patient and watch the HUGE correction that will occur in the next two years. Don't catch a falling knife.

have your agent search for houses with fha or va assumable loans. yes you can assume a va loan without being a veteran. plenty of 2-3% loans out there you can take over from sellers. end of 2024 is a good target to start with . the recession should be in high gear about that time

Then why are you here? Just turn off the video bro 😂

Because the drama just sucks me back in every time.

​@@DontAtMe2k24lmaooo 🤣

Stay at your current home

@@michaelcondrey3510 I am I decided to stay thanks for the reply and thought

Right. Canned 5 minute advice and they are trained to answer only one way.

This is why zoomers have basically given up

@@OHHHHUSBANT zoomers haven't been around long enough to give up.

@@TheOGPickleRick not enough but it's enough to make us give up seeing how fucked the housing market is along with the job market when the advice we get is outdated advice from 30 years ago lmao

Mmmm kay. These jokers have made more millionaires than anyone else in the world.