Haha I’m pinning this comment for visibility!!

@JV-Designs LLC How to go about finding the right advisor for you and your needs is unfortunately not an easy or simple answer. But I did a three-part video series that discusses all you need to know, and where to go to search for someone who's the right fit for you: kzfaq.info/get/bejne/fNxjdqScuZq1kWw.html

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.

@@Ruthe-n8v 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

@@KylianZander My advisor is VICTORIA CARMEN SANTAELLA

You can look her up online

@@Ruthe-n8v 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?

It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points

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.

Mind if I ask you to recommend this particular coach you using their service?

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

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.

I totally agree with you. I took charge of my portfolio but faced losses in 2022 realizing the need for a change, I sought advice from a fiduciary advisor. through restructuring and diversification with dividend stocks, ETFs, mutual funds, and REITs, my $1.2m portfolio surged, yielding an annualized gain of 28%

your advisor must be really good, how can I get in touch with them as my portfolio is at a decline.

her name is "Dianne Sarah Olson" just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

she appears to be well-read and studied. I ran an online search on her name and came across her website; thank you for sharing.

ADBE, VWINX and FSPGX are all still good buy, but what do I know I’m not a financial advisor lol

Exactly, I used to doubt the value of a financial advisor until my wife's company assigned her an investment adviser in 2020. Honestly, it’s been the best financial decision I’ve made. It helped tremendously; I went from barely making any profit to having a well-diversified portfolio that has grown significantly, with gains exceeding $850k.

I’ve been worried sick about the current state of my portfolio, who is your advisor?

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

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

True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify 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.

“Angela Lynn Schilling’’ 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.

Thank you!!! Andy is such a great resource.

Then wht are you doing on this video?

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

@@ThomasWilliam-sw8ms Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

@@user-vk8vu4li2x Who’s the person guiding you

@@ThomasWilliam-sw8ms credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up

@@user-vk8vu4li2x Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.

Hi Richel, I truly appreciate you watching and leaving such a nice comment!! It's not everyday someone recognizes the person asking the questions, and I definitely planned them out very carefully. I'm happy you got some new knowledge!

Thank you. I've researched this extensively and haven't found any managed mutual fund that didn't charge yearly management fees. I expect to pay for their expertise but I want to know those fees prior to signing up. Thanks again!

I truly appreciate that David!!

Hey Karthik, thanks for watching and for this awesome question! Sorry it took me a little while to reply. Mutual funds have something called a propsectus, which is a document that details the fund's objectives, risks, fees, and expenses. Seems like this could be what you're searching for!

@ *Karthik* Have you discovered satisfactory answer or still looking for pertinent information about prospective mutual/index fund investments?

Not your fault if you went to public school 😭😭 just keep trying breaking down by pieces instead of trying to digest the whole subject.

Glean what you can. Take notes on terms and concepts you don’t know yet and then research those. Then you should rewatch this video. It will build your foundation and allow you to digest more. You’ll get fast over time.

😂😂😂

💀☠️🤣🤣😂😂😂

Thats not why its because you don't believe you're capable of of obtaining a significant amount of cash

Appreciate that Daniel!

Get it!!! :D

How can I also generate profits, do you mind showing me your fiduciary

I know Mr Ravies, although not personally but he manages my sister’s investments as her fiduciary, she speaks highly of his expertise

Great job with your husband! I bet you’re living your best life right now.

I’m a young dad, I’m really glad to hear your story it inspires me. What’s FIRE movement please.?

@@mayornevzorin4883 FIRE means Financial Independence Retire Early . It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle.

@@kidijatesfay2010 Thanks for replying I will read more about the FIRE movement.

@@kidijatesfay2010 Your story is inspiring. I’m 38 trying to achieve this goal you achieved. Share some tips please so others can actually learn.

Glad it was helpful!

Appreciate it!

Glad it was helpful!!

High expense ratios are bad! You want the expense ratio to be as low as possible.

@@PracticalPersonalFinance ok thx

Great question! You can invest in mutual funds either way, little by little or all at once. Personally, I would do it little by little rather than in one lump sum payment, just in case the market takes a dive shortly after I invest.

Hey there, thanks for watching and thanks for the great question! Every manager and every fund is different, so what he's telling you may be correct. However, he may only be referring to his piece of the pie as a financial adviser. There's a whole other layer here that you need to consider. Whatever mutual funds your advisor selects and purchases shares of on your behalf will almost certainly have fees attached to them. They might be a "no-load" fund, meaning you're not charged a percentage for buying and selling shares, but managed mutual funds all have annual expenses (many of which are considered marketing expenses and paid out to financial advisors who recommend the fund to their clients) and those expenses will eat away at your annual returns. The only way to learn about those expenses is to ask to see the prospectus for the individual managed fund. That will provide you with all the numbers.

@ *nana* Your family may have inadvertently given you costly advice. That 3% upfront and his 1% is a pretty penny you could have avoided and there may be additional costs that salesman did not disclose. What is the name and 5 letter ticker of that mutual fund he sold to you?

@@alrocky I decided not to go with him. All the research I did told me he was mistaken about the fees.

@@nana820able Good to hear and good for you!

same way you do through any type of stock trading

I don't disagree!

He look like dude from Wayne’s world more then him

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.

@@Richardnnabuikediyoke 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

@@christianalawal3695 My advisor is Victoria Carmen Santaella

You can look her up online

@@Richardnnabuikediyoke 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?