I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
@SophiaChristian-so2of Жыл бұрын
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
@MarkFreeman-xi3rk Жыл бұрын
I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.
@cythiahan8455 Жыл бұрын
@@MarkFreeman-xi3rk I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
@MarkFreeman-xi3rk Жыл бұрын
In fact, I'm not sure whether I'm permitted to say this, but I'd suggest searching for “Margaret Johnson Arndt” as she gained a lot of attention in 2017. She is both my coach and the manager of my portfolio.
@JenniferDrawbridge Жыл бұрын
Thanks, I just googled Margaret and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@maiadazz Жыл бұрын
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
@richardhudson1243 Жыл бұрын
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
@tatianastarcic Жыл бұрын
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $45k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@darnellcapriccioso Жыл бұрын
@@tatianastarcic I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@tatianastarcic Жыл бұрын
@@darnellcapriccioso Firms can be unscrupulous as they prioritize their own commission over your profitability. On the other hand, I prefer working with individual investors like LAUREL DELL SROUFE, who only take a share from your profits, not your initial capital. I must say, my experience with her has been exceptional thus far.
@haroldconner2645 Жыл бұрын
A Health issue is a primary factor that can upend any retirement plan.
@Barbara0015 Жыл бұрын
Retiring in 20 years? Due to inflation, you may need upward of $3.6million to maintain your existing lifestyle, with the ongoing effect of high inflation, lower forecasted stock market returns or value, and stagnant wages. Achieving a secure early retirement could be more challenging than ever before.
@Campbell957 Жыл бұрын
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumers staple, utilities and healthcare companies. But of course, such decisions can’t be made by an average joe, a financial advisor is highly recommended in making this decisions..
@Hoffmanluiz. Жыл бұрын
You are right! Such considerations can certainly have a role, when I think about whether I ought to buy shares but I never purchase purely on that basis. I always have to seek the advice of my financial advisor who has help me gain over $1m in a well diversified portfolio that has experience exponential growth.
@Hoffmanluiz. Жыл бұрын
My financial advisor is "John Desmond Heppolette" He's highly qualified and experienced in the financial market. He has extensive knowledge of portfolio diversification and is considered an expert in the field, he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@Agatha207 Жыл бұрын
@@Hoffmanluiz. John Desmond Heppolette, really seem to know this stuff. I found his online-page, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
@charletfoster8917 Жыл бұрын
💯enjoy your passions now, don’t wait for retirement 👍🏿
@valerieshy87493 ай бұрын
I am pretty much retiring next month from my job as a substitute teacher. (Will be working 1-4 days a month to keep my foot in the door in my school district.) As far as activities go during retirement, I highly recommend volunteering at whatever organization you support. I have spent the last 7 summers off from school, going to volunteer at my municipal animal shelter. It brings me such joy to help the animals. I also walk a ton at my local park and have 2 dogs. My husband is younger than me so he will be working for as many more years as he wants to. Will let him decide that on his own. I recently joined a Pilates class program and want to incorporate that more into my routine. Having a plan of how to spend one's time is absolutely of utmost importance for overall wellness and general happiness.
@jamesd6717 Жыл бұрын
Helpful videos as always, short and to the point. Short term sacrifice for long term comfort is going to be my motto for my final 10 working years in education
@Simpaulme Жыл бұрын
1.50 If people find themselves wondering, 'who am I? ' or 'what's the meaning of my life?' is that not a valid project for retirement?
@cloudyblaze7916 Жыл бұрын
This is my fifth year after retirement. I’e been following the 4% rule thing, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
@stephenpotter21 Жыл бұрын
It’s amazing you were able to save that much during your active years. Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.
@victorlaranjahal Жыл бұрын
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
@bennyrashasha9920 Жыл бұрын
I'm planning on working until I die. Hopefully as a warlord in the post apocalyptic world to come.
@user-ib3mh7su8h Жыл бұрын
I am into the rehearsal of retirement now.
@yvonneplant9434 Жыл бұрын
I wish I had started saving for retirement earlier. That's my only regret.
@kcdiazWTV Жыл бұрын
I want to retire similar to how Thanos retired in one of the timelines he was on.
@emman100 Жыл бұрын
Funny how the wisest group of people is struggling. 🦅🦅
@jpbergeron2621 Жыл бұрын
Computer games, Museum and cooking and taking care of my inground pool
@John_Smith_86 Жыл бұрын
The best place to put it is in MSCI Developed World Index. Good diversification across all the major developed countries, and in their respective indices of the largest megacorps. If the entire world companies all goes down that much, it is probably WW3, in which case you don't have to worry about food or money anymore
@squishtomar1676 Жыл бұрын
Only good advice here. Thanks John Smith
@John_Smith_86 Жыл бұрын
@@squishtomar1676 :)
@maestrovso9 ай бұрын
"him and his wife"? "He and his wife" in that context. I have witnessed retirees that used to be bossing around and came retirement, they found out in a rude way they were able to boss people around because they had a bossy job out of luck, connections, rather than their personal qualifications. These people would have a hard time coping with retirement.
@adityannambeesan3415 Жыл бұрын
Cool video! Id like to add that there are other investment options in businesses like cannafarm ltd as well.
@Tawkitoutti Жыл бұрын
How to retire better: Math and Science
@emman100 Жыл бұрын
That's what I think too. 🤣But let's be glad these people are not inundating our found loophole. 🦅🦅
@valeriabellettinijerves4308 Жыл бұрын
Mentor junior professionals.
@auro1986 Жыл бұрын
how? never retire and keep working
@DotADBX Жыл бұрын
As a millenial I have always thought retirement as a bit if a joke as if any of us will ever really save enough to retire let alone want to actually retire to begin with I look around at all these boomers that are retiring none of them have real friend groups any more and they spend most of their time sitting at home watching TV or traveling blowing the only future their kids may ever see. Retirement sounds awful tbh though the recommendation to maintain certifications so you can still consult down the line sounds right up my ally. Honestly I think really once I'm at that age where I can't do much other then wait to die ill probably go find a nice mountain side some where on a nice day and either eat a bullet or get a really good od high going.
@yvonneplant9434 Жыл бұрын
Introverted retired Boomers are NOT interested in friends groups. 😂 We want as much undisturbed quiet time as we can get. One problem I may face going forward is how to avoid senior communities. Those are not for everyone.
@bennyrashasha9920 Жыл бұрын
I'll just work until I die. Hopefully as a warlord in the post apocalyptic world to come.
@er22ick Жыл бұрын
How to Retire Better: Move out of the U.S.
@realrareap2420 Жыл бұрын
Truth
@karmasutra4774 Жыл бұрын
You are the only real comment here.. so true .. leave the US or really downsize and hunt for a housing deal etc
@jakejakobz Жыл бұрын
Preach!
@synjhindb9951 Жыл бұрын
@@weird-guy not really. Look at places like Bali..they have set up a whole industry for retirees and how it generates employment. It's actually very clever
@xsw2855 Жыл бұрын
This certainly sounds good too, but I think its still worth considering more reliable options like traditional businesses such as cannafarm ltd, for example.
@Vedrajrm Жыл бұрын
How to retire when you’re unable to find a job
@Heavenly_Official1 Жыл бұрын
I dont know, dudes. I think crypto and all these ICOs are just a bubble. Well, crypto is good for transfers and so on, but I dont engage in trading and staking either. Its too risky. My friend recently lost $5000 there. I invest crypto in real business
@keongsawahtv Жыл бұрын
Thank you for sharing your insights and recommendations. Its great to explore various investment options, especially well-known companies like Cannafarm Ltd that are gaining popularity. Adding different ventures to our portfolio can help reduce risks in
@houseplant1016 Жыл бұрын
Retire with climate change and the new cold war against China? I am gonna spend all my money in Vegas with women and casinos.
@ShamileII Жыл бұрын
Hookers and blow for the win!
@Kevin-wj4ed Жыл бұрын
You know nothing about this!!!!!
@SoCalFreelance Жыл бұрын
'Veronica's Secret' is.......find a hobby.
@didir8732 Жыл бұрын
Cryptocurrency is volatile. Diversifying your portfolio is a sensible strategy. For example, I have deposits on Binance where I engage in trading, also staking on Kraken, investing in companies like Cannafarm Ltd, and I also participate in liquidity pools
@user-ep2kf3gy2q Жыл бұрын
You definitely have my sub. This content is next level. For me cannafarm ltd was the turning point. Please keep doing what you do and keep being you, love it.
@racermehulthakor4717 Жыл бұрын
Thx for the info. Its very useful. Last time, I also came across cannafarm ltd, and financially, it has been very helpful for me. So thank you again!
@Fakt_Tujha_Vishuuu Жыл бұрын
I want to say thank you to the guy in the comments who recommended cannafarm ltd to me. Youve been very helpful. Thank you!