Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.

I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@@YinusaSaheed That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@@imohimoh3441 My advisor is VICTORIA CARMEN SANTAELLA;

You can look her up online...

@@YinusaSaheed The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

Absolutely!!

I agree with this comment. PLEASE more videos for Gen X.

Yes! Please, more money information for the 50 plus, year olds. Thank you!😊

will be waiting for that too please Steve! Thank you!

Hi Steve, I am not qualified to open a Roth IRA due to my income, what’s my option? Where’s the best account to place my 5% pay raise besides putting it in my 403 B?

Of course! Here to support you any way I can :)

Thank you so much! I try my best to keep it as simple as possible!

I’m glad this helped and you’re encouraging your sons to implement these wealth habits early on! Woohoo!

You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.

I have some money saved from day job. I have no idea where or how to invest. How are you doing it, Leon?

It’s not rocket science. As I said previously, I got into stocks, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.

@@Christensen554 While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.

It’s bonkers to compare stocks to moet mate. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

I'm new at this, please how can I reach her?

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

Woohoo! I'm glad you started Stacy! :)

@@CalltoLeapI’m happy to join .. thank you for sharing such great content👍🏾

Yea, I would rather die never spending 200k in the bank with that daily peace of mind knowing that I still have security and comfort til that day than to spend my final years in a state of fear and pain because I've completely ran out of money to afford those comforts.

@@Novaximustyyytyg try y aa

Yes as long as you have earned income. Also would look at your 401 k or equivalent at work if available or applicable.

Glad it was helpful!

Thanks Ada! I have a lot of videos on this on my channel!

@@CalltoLeap I will check them out!

Yep! Only if you have a HDHP (high deductible health plan). HSAs are great for taxes!

Glad it was helpful!

@CalltoLeap It was very helpful. I'm 49 and I have a 401K with my job but it took a major hit during covid when the market crashed. I've been contemplating opening up a Mutual fund.

Yes! I can do that next!

@@CalltoLeap im waiting for that video as well. Thank you

I will do cover calls or secure puts to start collecting passive income.

Put it on red , 3 times .. after that go apply for welfare

Thank you!

I can keep this in mind!

Glad it was helpful!

Yes you can. Be sure it’s a transfer and not a withdrawal. There are specific forms to do this.

Hi! If you're still working, you can open a Roth IRA, or even look into a TBA!

@@CalltoLeap Hi Steve, can’t qualify to a Roth IRA due to my income, I have a 403 B . Is the earnings on TBA taxable?

No problem 👍

Of course! Thanks for the support!

You're welcome! Thanks for the support George!

Question: To make future Covered Calls on SPY….Do you buy SPY in your Roth Account or your regular Fidelity individual account?

I can make one in the future!

Thank you very much, Tammy!

Sure, I have a lot of videos on this! :)

You will invest that money over 8K into a taxable brokerage account, not the IRA. Yes you will get penalized if you exceed the 8k so don't do it.

That is true, but why would you? If you need money for an emergency, you should build up a separate savings account instead.

@@edcastillo4456 You keep the interest earnings in the Roth, 5% sweep these days that compounds 5-40 years giving you much higher interest on your money. If you don’t use the emergency money, it also is in the Roth all tax free. You also learn about Roths sooner rather than later. Also great way to teach your kids about finances, qualified tax sheltered investments like Roths, the effects of compound interest, retirement planning, inflation over 40 years and how that affects your retirement savings, long term investments, the rules for Roth IRAs and when to switch over to a traditional IRA. Your statement is about as good as saying, why keep emergency money in the bank, I can just keep it as cash under my mattress. 🛏️

@@edcastillo4456 Limited funds.

Yes, but only contributions. Not conversions. Those have a 5 year hold.

Ah, that's awesome! You can also look into your own individual retirement account too (without the need of an employer).

@@CalltoLeap i have started contributing to 403b (roth) and 457b… plus opened a brokerage account and roth ira (i am researching back door Roth since i make too much)

Thank you! Cheers!

Back door Roth conversions and HSA

Happy birthday!

Few things to explain. An ETF is a type of fund that often tracks existing indexes, similar to what an index fund does. An index fund allows tracks an underlying index, hence the name. The difference between an ETF and an index fund is how they are purchased. Regular index funds are purchased using forward pricing, while ETFs are bought at market or a specific price. Both are good investments, but everyone has a different reason for choosing one over the other.

I can put this on my list!

Thanks Cheesecake! Love the name!

Yes! You can invest a lump sum and let it grow. Ideally, you'll want to contribute more money to have compounding take off at a faster rate.

Nice video. Thanks.

You can sell covered calls against VOO shares. It's just that the liquidity/volume is relatively lower compared to SPY.

Oh no! They aren't me! Please don't respond to them. I will never message you and ask you for money!

For most people, it's better to invest in a Roth because you get taxed on the "seed" rather than the "harvest"

You can go onto the website where you make your Roth purchase and ADD another fund or ETF.

l usually buy them in both accounts.

Hi I have Fidelity & purchased VOO. There are no fees associated bc it's Vanguard

Depends. Are you a British citizen living abroad or the US?