I would subscribe again if I could 😅

Key insights 💰 Starting a Roth IRA early is crucial for maximizing potential contributions and building a larger stock portfolio. 💰 The Roth IRA allows for more aggressive investing to capture as much upside as possible, since gains within the account are tax-free. 💭 The lesson learned is that blindly following online methods for investment decisions may not always be the best approach, and it's important to tailor investment choices to one's specific circumstances and goals. 💰 "I'd rather take a shot at the most possible gains especially in a Roth IRA because all the gains that you're going to capture within that account are going to be tax-free at the end of the day." 💼 Understanding your own investing style and risk tolerance is crucial for building a personalized stock portfolio that aligns with your goals and preferences. 📚 Researching and understanding the different types of investment accounts available, such as custodial accounts for kids and self-employed plans, is crucial in determining the best option for individual needs. 💡 "If I could do it all over, I would probably aim to increase my saving and contribution rate to closer to 10 to 15 percent of my gross." 💰 Starting early and investing in a low-cost S&P 500 Index Fund can lead to better financial outcomes compared to the average in the United States.

How would you start from zero in your 40’s?

Thanks for the great videos. I understand that it's important as one gets older to move their portfolio allocation gradually from more aggressive investments like stocks to more conservative investments like bonds. What is the strategy for doing such a gradual transition? Would it be just by contributing more to the conservative investments gradually or would it be selling off the more aggressive holdings and using the earnings to purchase more conservative holdings? Would love to get a video about this!

​@@JonnyZerepoppo

In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.

I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..

How? What does one do if they have a 100k$?

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

Aileen Gertrude Tippy 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..

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

*** SCAM ALERT *** be sure to choose a financial advisor based on a fake KZfaq tip!!! 🤦‍♂️🤦‍♂️🤦‍♂️

Love you son.

A hot one 😉

How long you been at it?

@@ryebread4471yr

I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns.

@@LionTowercoporation Who is your financial coach, do you mind hooking me up?

@@LionTowercoporation Thank you for this Pointer. I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

Media today is encouraging short-term greed, most people will lose. Simple safe long-term investments are hard to beat

considering voo is carried by 7/500 stocks it seems reasonable to be able to beat it by just investing in those 7

Word. 100% VTI right here

@@jimshoesjust looked at the etf performance and it’s not always the same companies that carry the s&p 500 value. Trying to guess which sector inside voo is going to perform the best is the equivalent of individual stock picking, which statistically yields lower returns. Also buying into the stocks that have dropped in price is essentially “buying on discount” so if McDonald’s or coke saw a loss in one year, doesn’t mean they won’t regain that value long term, whereas value investors would say the already high priced stocks that yielded past returns are now intrinsically overpriced and will most likely face market corrections according to the “efficient market theory”

Why not VWCE?

For retirees and those close to retirement, I believe it's particularly challenging. All those years of labor only to lose it all to a problem you weren't responsible for, my regrets to everyone retiring during this time.

You will need a strong FA to help you through the current market turmoil. I've been talking to a coach named Dawn Maureen Humphrey for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

The adviser I'm in touch with is Dawn Maureen Humphrey She works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

Thank you! As long as you are contributing now thats a positive thing, most people dont even do that!

1. Buy the whole market ... That's it really

Read "The Simple Path to Wealth" by JL Collins.

@@Jekyll_Island_Creatures I will!

Go browns

what sort of portfolio did you begin with ?

@@stephmeldrich6765 A diverse 60/40 stock/ bond portfolio alongside the S&P500etfs is generally my ideal investment to hedge against inflation for the average investor, it provides safer returns.

impressive! love the strategy

I googled the lady you mentioned, and left a mail after going through her credentials. I'm willing to make consultations to improve my portfolio

*** SCAM ALERT ***. Only a fool would choose a financial advisor based on a fake KZfaq tip!🤦‍♂️🤦‍♂️🤦‍♂️

Thank you! Cheers!

i think thats a solid plan gatorhomie, great choice imo

yes I can, Ill add it to my list!

@@humphrey Thank you!

I wish you good luck but this is so insanely risky. Your literally risking your whole retirement on one highly volatile stock.

@@socalsurfer6859 no, to clarify this is a large percentage of individual holdings of stock. Most of my total holdings are not in individual stocks but in low cost funds . But I should have purchased in Roth cause when I move out of that holding I'm looking at tax

Crazy

Glad you enjoyed it!

No

Glad you like them!

Why hsa before 401?

@@ryebread447 because you want to maximize your matching first. And most HSAs come with company matching. So that’s free money. Also, HSA is triple tax advantaged, unlike a 401k. So maximize your 401k match first to get that free money. Then maximize your Roth IRA. Roth IRA will not have the fees of a 401k. Then your HSA to get the HSA match. Then everything you can back into 401k Roth. All that above maximizes your tax advantages. Anything else you can afford then goes into brokerage or whatever other investment you prefer.

also good 👍

A Roth 401k is a Roth savings acct thru an employer retirement plan and it bypasses the wage income limits that a normal Roth would hold you to. But you could have/start/fund a normal Roth for many years and then get a job that has a Roth 401k plan and if you make more than the income limits you could do the Roth 401k instead of the regular one. But the federal limit you can contribute each year I believe is the same limit as the other one.

Starting early is simply the best way of getting ahead to build wealth, investing remains a priority. I learned from my last year's experience, I am able to build a suitable life because I invested early ahead this time.

I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through my estateplanner(fa) by alternative investing. The portfolio comes with perks as well.

Mind if I ask you to recommend this particular manager?

Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.

It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.

i wish i have that problem..income limits...

And the income limits for traditional IRA tax credits

phase out range: $138k - $153k S; $218k - $228k MFJ. If over income limit you may *back door* Roth IRA.

@ 5:13 It's another mistake as there's no strong reason to hold municipal bonds within Roth IRA.

@@alrocky Folks in the market with decent income between 2012 and 2022 are lucky guys. They can't mistake that for their wisdom and share it on YT like they knew it all.

look like it just teh stock appriciation.

you dont have to be 18..

SCHD is really good. It’s one of those funds you can go all in on I feel like. It’s one of the best funds out there

Especially in a ROTH IRA account 🫶🏼✨

a lot of my friends who hitting theirs 40s this year are still 100/0 all stock/etf. most of us feel that 10-15 years should be enough time for any market crash to recover so most of us will be 100% stock/etf atleast til we in our 50s b4 we shift some into bonds to preservation mode.

We have social security that we pay into by way of taxes from wages. You can start drawing from it at age 62 but they penalize you if you draw at that age so you might only get around $1000 a month give or take a few hundred. If you wait until age 70 you get the full benefits. But the way our government spends money, there probably won't be any social security in 20-40 years.

yea we pay into social security, 7.8% from us, and employer pay the other half, it usually come out to be about $1300 or more depend on much u put in. some employer will also have matching contribution 401k as well. so as a retire couple, u can get anywhere form $3000 or more monthly form social security, another $1000-$2000 montly from 401k ontop of ur other personal retirement account such as ira/rothira, taxable investment account and personal saving banking account.

Yeah I really like that. The traditional 3 fund portfolio is still good but it just has too much bond exposure for younger people (especially when bonds were not paying anything), but these days its a bit better and the modern 3 fund seems way better IMO (for certain younger people)

Agree on SCHD being on there you need some good yield

SCHD currently pays ~3.5% dividends and basically trades sideways. Most money markets/CDs/high yield savings pay 1-1.5% more than that. SCHD is not a great investment.

Whats your asset percentage for each etf?

Schd is chasing yield the rebalance loaded up on altria, ford, 3m, dud stocks, has been flat since the rebalance

started the Roth IRA right around the same time

No us is the way to go

SCHD is down -3% YTD.. how much are you getting for dividends in the year to date? asking because i can get 900 shares all in or look for others and diversified..

@@josephsaeteurn9158 judging from last too dividend should be about 3.5% by year end for dividend. for short term trade, tech is great at the moment cause of ai hype but unless u sell and take profit, it kind of pointless since all those gain will be gone once market correct again.

You know the market is unstable this period. It is often advised to use a financial advisor, as you could protect your capital that way, while also making a lot of profit.

i dont have time for that..

earned income (a job)