There are so many ways to manage money and prepare for a relaxing future, we just always have to keep doing our best because whatever we plant now, we will harvest later, good or bad.

Investing wisely can significantly impact financial stability, offering peace of mind and more opportunities. While money can't buy happiness, managing finances well now will determine future outcomes. Let's continue making smart financial decisions.

As a novice, how do i get into investing properly and be profitable?

Angela Lynn Schilling is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment._

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

the governments made abundantly clear that they will save all the banks with PUBLIC MONEY no matter what. It is the governments we cannot trust !

It's funny that they didn't trust banks yet they trust a paper issued by a bank.

I'll never need a bank, I keep all my cash in my bum

The least they could do is put it in a fireproof safe. An put it somewhere hidden.

@@TheAyanamiRei Also if someone wants to keep large amounts of hard wealth then it could be worth putting some into silver and gold which are much more resilient to disasters.

Very true but Investors should also exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

indeed, most people downplay the roles of financial planners until burnt by there mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with professional guidance.

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes, who do you work with?

Greetings from Ireland I've been investing for almost two years and I barely even have a profitable portfolio ever since. I can read your comment and I was wondering. Can you name your expert?

CHRIS RYAN STEWART

A young son-in-law stole $1000 he found in his grandma's house. A very real risk unless you live alone.

​@@glasslingerthat's a lot of money to have lying around cash, in my opinion 😅

@@boneappletee6416 You should have some cash on hand for handling disasters. Of course hide it very well!

They are insured in the UK

I was just thinking the exact same thing... As soon as I saw Philip's arm tattoo! 😂 But good for them, watching them grow and change with their audience is awesome. Makes them seem normal and like real people.

HAHA same for me as well. Phillip doesn't have a mustache anymore!!

The first few videos without the mustache were very unsettling 😂

He looks like he is aging backwards!

Prob witness protection + making KZfaq videos at the same time

Haha 😂. Your credit union is not FDIC insured. It’s NCUA insured.

You don’t think managing multiple business accounts solves this?

yeah but there is no alternative then cuz a business for sure shouldn't be keeping those sums in cash or other physical assets like gold and etc.

@@savagebeastking8703 Not particularly, a business with 150 employees at $50k salaries is already $300k twice every month. There are many businesses well above that employee count. And that's not taking into account monthly business expenses. You'd be juggling dozens of bank accounts needlessly just to keep your funds secure from massive loss should one go under, where at most, you should only need to diversify into 2-3 banks.

@@savagebeastking8703”so now the options are to either juggle multiple bank….”

​@@savagebeastking8703the administration would be insane. Imagine you need bigger amounts for different reasons, now you have to pool together from different accounts and consider what will already be taken from other transactions. Or imagine paying a supplier but using 10 different accounts from different banks and the banks are different each time. Lots of space for errors but also fraud because it becomes so complex legit and fraud can't be kept apart easily anymore

I liked how the video explained the different types of deposit insurance and how they work. It was very informative and easy to understand. I also appreciated the fact that the video addressed the potential risks of investing, such as inflation and market volatility. Thanks!

That's right @dotpenji!

Thanks for bringing up this important topic since it's crucial to stay informed about the safety of our finances.

Your video is not just informative but attractive as well. I love how creative you are with your content.

Wow, the introduction that's worth really sounds like a symbol of striking it rich!

Yeah, the millionaires / retired do this for sure. The multi-millionaires / billionaires are just eating the risk with careful analysis or caution-to-the-wind because there's really no other option. But don't worry, those folks earn enough money/interest and live well enough that they can be their own damn banks and that be a fiscally responsible option. 😲

Few people have a good reason to hold that much at a bank. The money is invested and, on top of SIPC insurance, there's no counterpart to a bank run for a brokerage firm.

Actually, yes. A lot of them do.

If you are ultrawealthy you have top tier services like a private banker who attends your needs and you can deposit large sums, like 20 millon cash for example, and is protected.

I know a millionaire that knows very little in investing other than putting up initial investment in a company that got big. They still put cash in the bank and move it around. A definite contributor to Washington mutual 2008 collapse by moving $250k out.

Bear Stearns was an investment bank, not a retail bank (where individuals hold current accounts). They handle the investments of large corporations, and the bulk of their money isn't handled by FDIC insurance at all. FDIC insure savings and not investments. The problem isn't that government gave them more money than they owed _in total_ (that would have been a very large amount). The argument is either that the government gave JPMorganChase too high a bribe to buy it and promise to honour the outstanding debts, or that the government shouldn't have stepped in at all, and the 'victims' deserved to lose their money for the risky investments. However the people they effectively 'lend' and 'borrow' money to/from are often other banks and financial institutions, so letting them go bankrupt would mean other institutions, which should have been fine, would also fall, domino style. It wouldn't just be the rich who would lose out, it would be everyone. So the government stepped in, and saved rich people from themselves to protect the system as a whole. [overly simplified explanation]

How does a bank pay a premium to its clients? What is that? Never hear of a bank paying a premium. I genuinely would like to know. What does that even mean?

I think he means banks paying the insurance premiums. Like FDIC insurance premiums.

Normally, I would be annoyed with something like this, but that's actually interesting.

Most of us won't have to worry about putting more than $250k in a single bank.

Diversify and secure... Within the same bank. It's $250k per entity per bank. You can easily have >$1MM in FDIC insurance from one bank.

If you have $250,000 in cash you really should invest. Inflation will eat away your savings.

Rather than bank going bankrupt, I worry more about my money losing its 20% value in a few years.

Not per bank. Per DDA or savings for each entity. You're a joint in another account, and that other account is insured to the max.

Exactly! This video is applicable to the US only.

Wow, that is absolutely brutal!

​@@Mr.Not_Sure No, it's not US only. Other nation also has similar or even maybe completely different system. This channel main clients is people who lives in US.

BES had the same protections for deposits (aka savings and current accounts) as described, albeit up to €100 thousand, as is the case for all Europe, the trouble is that we don't have the same protections in place for securities and investments accounts, and BES has fraudulently marketed these to their clients as 'just as safe'. In Belgium, we had a somewhat similar case with Dexia. Many people were convinced to invest in the bank's shares, directly or via a co-op, because it was told over and over that it was safe. Surprise surprise, it wasn't, and many people are out of tens of thousands of euros.

The best brief explanation of this is "Money creation in the modern economy" by the Bank of England. Every explanation you're likely to have heard about how banking and money creation work is incorrect, including the one in this video. Commercial loans are not restricted by deposits.

If you have a million then yeah you might need a financial manager. But it's more efficient if you do it yourself.

Honestly you probably don’t need one. What are your goals? If it’s just saving for retirement or for a house, there isn’t anything complicated about it

I think they did create a video for it. Almost positive I remember the artwork too

I think the whole point of the channel is to keep you from needing to hire one of those mountebanks.

Hmm who was that?

@@feynstein1004 The guy who got his head crushed by the ATM machine

@@vikingthedude Oh yikes 😅

Pet insurance is a scam.

Was hoping someone would post this.

FDIC

They mentioned the NCUSIF at 3:36 if that's what you mean

Well I stand corrected. They used to have a separate insurance but they have been under FDIC for quite a while

Cool

No, not in the same institution I believe

get a booster. stay safe

No one will ever know where I have my lockers full of beanie babies

That’s ridiculous. Storing a significant portion of income in cash or other assets doesn’t help you. Hiding income from a divorce is illegal. Hiding assets in bankruptcy means that your debts won’t wiped. As for a lawsuit the amount the other party earns depends on the damages you have caused not how much you own so if the settlement is more than your net worth you will simply be in debt at which point may want to declare bankruptcy.

@@suvidminecrafttutorials4175 NPC

I tried really hard to listen for it and I can't hear it lol. Sounds okay to me

@@robertwright8844 I guess it's easier to spot and be bothered by it on headphones, lol. Hey, power to you!

Nope! I hear it too! it just drops out for a quick second. I notice it every time even without headphones

Nope

It insured you from the bank screwing up

Inflation work both ways, up and down. When gov print money and when production suddenly fall. Gov print money is a slow process. It's more likely for production suddenly fall, because of pandemic, natural disasters, or wars. Or when other nation suddenly left dollar.

you should be president

As is any other form of money. If enough people will trade it for stuff, it’s good enough to be money.

What a strange comment..? You can go to any store and exchange US money for goods....

Sounds good😊How do you do that? I'm interested, how do I go about getting started?

I'm from Los Angeles , I and two other of my friends tried her immediately we testified her performing wonders

I had my first encounter with Mrs Brenda in the comment section here on KZfaq and since then, trade has become easier and profitable, She's the most sincere broker I have every worked with.,

Scam. Tired of these comment chains

You’re stupid if you believe this. Rich people are rich from inter generational wealth and exploitation

No, let's not.

I don't get this obsession with the gold standard.

Whoever has the most gold wins. Which wouldn’t be US.

Have a wonderful evening