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.

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

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

Sonya lee Mitchell 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 just checked her out on google and I have sent her an email. I hope she gets back to me soon.

Nobody knows anything; You need to create your process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

@@JuneTalley True, initially I wasn't quite impressed with my gains, as opposed to my previous performances, I was doing so badly, that I figured I needed to diversify into better assets, I touched base with a portfolio advisor, and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.

@@amolejoshua7452 Could you kindly elaborate on the advisor's background and qualifications?

@@PatyRamírez-z9z “Victoria Carmen Santaella’’ is the licensed fiduciary I use. Just research the name. You’ll find the necessary details to work with a correspondence to set up an appointment.

@@amolejoshua7452 I just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.

I am. Houses (2) paid off. Will put that $400 a month aside for my own coverage.

Well said..the moment the people come together the moment sh@t changes..

​@@yellowbird5411save that money for a roof or some other damage

​@@matt7ironthat's what I am figuring now . Didn't pay for new roof (manufacturing defect) you loose , pool collapse, you pay . Insurance companys will and do wiggle out , and your stuck with Bill on top of premiums

Isn't home insurance a condition of your mortgage terms? Unless you own your home outright, I don't think you've got a choice here.

@@taobot8Right, I was under the impression that’s how you get a lean placed...

My issue is them going to ask for free government money funded by us taxpayers who don't own homes when they lose their house. Complete selfishness.

​@@taobot8 jokes on you. I own my home, no mortgage 😂

@@JoyTothesummer how is the joke on me? I also own my home. Actually, I own 2 and I'm building our third. My point is that most people aren't in that position and most people have the majority of their wealth as equity in their mortgaged property.

Yep. Me too. I have one rental and my primary residence. If I keep both insurances (both houses are paid off) it will cost me over $400 per month. My insurances just sent me warning notices that my insurance is expiring. But I would rather take that money each month and put it into an account. I have extra money, too, in savings. If my roof blew off, I could replace it. Self-insuring is scary stuff, but so is paying this amount of money in insurance. I've never had a claim in 35 years. The lots both houses sit on are very valuable, in a very desirable beach location. If both houses blew away, I could build another house easily with the proceeds from the lots.

I agree. My new quote is crazy ! What’s going on

@@yellowbird5411you own 2 properties and still complaining about $400 home insurance a month.

@@straightshooter4353 That would be correct. Probably comes to a bit more than that, as it's going up again soon.

I thought you heard there was no inflation?

Right, I don't have a mortgage.

They list the requirements at 2:02 of the video.

Incorrect. If you have 20% paid on your mortgage you can handle your( escrow ) taxes and insurance on your own. At that point just cancel your insurance. Punish the industry, and fight back. They don’t have your best interest at heart. The coverages and deductibles are getting worse and worse.

@@jonlj77 My deductible is so high that unless a tornado tore my roof off, it wouldn't help much. And there is a lot that insurance simply doesn't cover, too. My friend's insurance this last few months jumped from $8,000 a year to $1,800 a year. She was beside herself. She called them and wrangled them down to $12,000. But then she decided to sell the home and buy a smaller one. So she at least now has the choice of whether to have insurance or not, as the new house is paid off. I have another friend who is low income, and his house is paid off. He dropped his insurance awhile back. We are being squeezed so hard.

​@@jonlj77just because you are allowed to handle it outside of escrow, doesn't mean that the haven't agreed to maintain insurance as part of the conditions of the mortgage. As was mentioned at the end of the video, once the mortgage issuer determines your property is uninsured they will pull their own insurance on it and pass the cost on to you.

I am finding that in North Florida a lot of people just plain do not have the money for insurance anymore and we are seeing an increasing number of people driving vehicles uninsured. That as well as forgoing home owner's insurance if they happen to own a home. When you make like $35K a year, having to come up with over $4K a year in house and car insurance is just not financially feasible if you plan to also eat and keep a roof over your head and the power turned on. I mean, after taxes your bringing home like $2500 a month. Pulling almost $350 a month out of that just for insurance is just not possible given the cots of everything these days. I mean, even an old car will cost you over $.50 a mile to drive when you factor in just it's cost, maintenance, fuel and repairs. I mean, every time some light flashes on the dash it's $1000 or more these days. A set of tires on something like an Infiniti Q60S is over $1,000. A bloody battery is like $230 now. The cost of everything has gone up so fast over the past three years that unless you can sleep in it, eat it, drive it or drink it, it is going to be put on the financial back burner list of things you'll never have the money for.

Ask czu and paradise ca home owners if they have been paid out.

I know when a hail storm hits here in Texas, out come the roofers, knocking on doors and talking about potential damages...and best of all your insurance will pay for it.........for every action there is a consequence.

They need to pull out of coastal areas as high claim areas. Why should the rest of the USA share that debt. Make them go thru FEMA like river homes

So is getting a new roof based on fraud but no one's complaining about hundreds of thousands of "roofing companies" knocking on every door offering free everything and to file claims for homeowners. Nothing has changed about greed, it will be your downfall.

Land taxes are theft

AND Property tax after your home is paid off and over 65 Retired with low income.

It worked for Al Capone

They do it as a vote of no confidence. They think the people are problem clients, and they don’t want them anymore

I work in insurance and I'll say this, people tend to think it's not disproportionately spread according to risk but it is, it's a sliding scale though, and the cost is going up for everyone, everywhere.

wonder what the common denominator is?

oh yeah, they're pure evil

Yes. Disregard the misleading comments.

I have septic and it was only 6 years ago it was covered, cost almost 100.00 extra a yr but well worth it in my opinion, but overall getting ridiculous

It's a gamble. It is highly likely that your insurance will deny your claim altogether or give you a tiny payout once you pay your ridiculous out of pocket deductible. Over the past 20+ years owning a home, insurance has only covered about 15% of my claims, and typically in a small, begrudging way. I wish I would have forgone all that insurance and invested that money instead. I would be very wealthy now.

Better doors and windows? Let me know how that strategy plays out after a 10ft storm surge, wildfire, or flash flood.

“ In the future, you will own nothing and be happy” -Charles Schwab

Not true.....hubby does maintenance and went to school for hvac...we haven't had to worry about calling anything out....custom built home 2018.

Seems to me that government should have to provide insurance to protect the assets that pay for them to exist, which is your property and the tax money it generates.

How do you self insure? You either have insurance or don't have it~~~

You self insure by having a high amount of liquid or invested cash that is roughly equal to what it would cost to replace the home should something happen. It's mostly reserved for rich people.

@@MechE11B i wouldn't call that insurance

@@wadexyz It depends. If you put the insurance money in a separate account, over a short amount of time it is a sizeable amount, and most repairs or roof replacements are covered should the need arise. If the entire house blows away, the land can be sold or with what you have in savings, you can build a smaller home or buy a smaller one with the proceeds. Many deductibles are so high, that most damage isn't covered anyway, unless you keep a low deductible and pay higher premiums.

Farmers just pulled out of Florida.

That's insane

That should tell you. You may want to sell,leave ca too.thats the way its going.there will be many forclosures in ca,never heard of since long ago,but already happening. When insurance cancels,mortgage co can forclose.its a simple land grab by international investors in the uk, ccp china and elsewhere. There are already antitrust lawsuits against the insurance industry,as it's about more than wildfires,floods,hurricanes. Un, blackrock are involved,they own , are major investors of home, vehicle insurance.its like illegal,unlawful civil forfiture done in a massive coverup method

Waiting for the guy who wants the "market" to determine everything.

It’s not a law that you must carry insurance, but it’s most mortgages will require a policy. Not having insurance but having a mortgage will send the mortgage in default and your loan becomes due immediately.

It's not the "few" I would estimate.

Hell no!!

Glad no longer my inflation.. Bidenomics 😂

You must be smoking 🚬 something or super brainwashed

This is the glorious corner of the internet where anti-government sentiment suddenly dissolves when it becomes apparent to the 'big government is tyranny' crowd that the invisible hand of the market is pricing insurance to reflect the growing risks related to climate change. So, to kick things off, what type of government intervention or support are you willing to accept in order to shield you all from the economic risks that only grow everytime you crank your V8 Dodge Ram?

Sounds equally UNInvestable like China ?? At least China price is deflated not Uninsurable 😎