@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
@KylianZander8 күн бұрын
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Ruthe-n8v8 күн бұрын
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.
@KylianZander8 күн бұрын
@@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
@Ruthe-n8v8 күн бұрын
@@KylianZander My advisor is VICTORIA CARMEN SANTAELLA
@Ruthe-n8v8 күн бұрын
You can look her up online
@MathiasRicardo-8 күн бұрын
@@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?
@NicholasBall1302 ай бұрын
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
@cowell6212 ай бұрын
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
@Wellerpage2 ай бұрын
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.
@LiaStrings2 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@Wellerpage2 ай бұрын
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.
@lolitashaniel23422 ай бұрын
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.
@MarcelMcGowan12 күн бұрын
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
@adelineChulack12 күн бұрын
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.
@GeorgeWilliamSinclair12 күн бұрын
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%
@McKnightCutkosky12 күн бұрын
your advisor must be really good, how can I get in touch with them as my portfolio is at a decline.
@GeorgeWilliamSinclair12 күн бұрын
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.
@MonaghanMLOUISE12 күн бұрын
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.
@HugoBergmann-lu4nd2 ай бұрын
Investing in mutual funds provides a structured and diversified strategy for wealth building, managed by professional fund managers. Despite the associated costs and certain limitations, the advantages of diversification, expert management, and accessibility make mutual funds a favored option for attaining various financial objectives.
@cowell6212 ай бұрын
ADBE, VWINX and FSPGX are all still good buy, but what do I know I’m not a financial advisor lol
@LiaStrings2 ай бұрын
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.
@FarrahBaker4672 ай бұрын
I’ve been worried sick about the current state of my portfolio, who is your advisor?
@LiaStrings2 ай бұрын
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.
@lolitashaniel23422 ай бұрын
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@kristine-i1eАй бұрын
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
@sueananАй бұрын
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.
@sueananАй бұрын
“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.
@questioned8662 жыл бұрын
One of the first times I didn't want to have a breakdown hearing folks talk about investments. Thank you!
@testpattern7013 жыл бұрын
I've been investing for over 40 years. This is an outstanding explainer of mutual funds.
@PracticalPersonalFinance3 жыл бұрын
Thank you!!! Andy is such a great resource.
@notfatjustoverweighted97142 жыл бұрын
Then wht are you doing on this video?
@user-vk8vu4li2x11 ай бұрын
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
@ThomasWilliam-sw8ms11 ай бұрын
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
@user-vk8vu4li2x11 ай бұрын
@@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
@ThomasWilliam-sw8ms11 ай бұрын
@@user-vk8vu4li2x Who’s the person guiding you
@user-vk8vu4li2x11 ай бұрын
@@ThomasWilliam-sw8ms credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up
@ThomasWilliam-sw8ms11 ай бұрын
@@user-vk8vu4li2x Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
@eugenea78862 ай бұрын
Wow. Im so glad i found this video. Im 42 and this is the first time I'm hearing an explanation of mutual funds
@richelgudino2 жыл бұрын
Thank you so much for this video! Like another viewer stated, this video was not overwhelming. It was done methodically with the straight forward questions asked by the creator! Thanks again for educating us!
@PracticalPersonalFinance2 жыл бұрын
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!
@nana820able2 жыл бұрын
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!
@xochitlavalos6600 Жыл бұрын
I’m studying for the series 6 licensing exam and this made understanding mutual funds finally click. THANK YOU for making this video
@kuna768 Жыл бұрын
First time I hear someone explaining financial terms is layman's term. Thank you so much
@davidfolts58933 жыл бұрын
Great breakdown of mutual funds! Both of these gentleman are outstanding financial wisdom givers.
@PracticalPersonalFinance3 жыл бұрын
I truly appreciate that David!!
@danielwade1978 Жыл бұрын
Thank you for this. I’m just starting my research into understanding investing.
@karthikj93263 жыл бұрын
Hey, thanks for taking time to put this together for beginners. I have one question, do we get to have a transparency level of our fund investment from the manager, to know where exactly our money is going into ?
@PracticalPersonalFinance3 жыл бұрын
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!
@alrocky2 жыл бұрын
@ *Karthik* Have you discovered satisfactory answer or still looking for pertinent information about prospective mutual/index fund investments?
@sade623978 ай бұрын
Excellent video! I know a lot more about mutual funds now. I seriously didn’t even know what a mutual fund was.. thanks!
@lena_bstix93322 жыл бұрын
Thank you for this video! It is so easy to follow for anyone who wants to get into investing and doesn’t know where to start.
@sfree3222 жыл бұрын
And this is why I’ll never have money. I can’t even understand a “for beginners” video! 😩😆🤣
@slightlyworking4 Жыл бұрын
Not your fault if you went to public school 😭😭 just keep trying breaking down by pieces instead of trying to digest the whole subject.
@Jupiter_Crash Жыл бұрын
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.
@sisindisegoodmanngaka5261 Жыл бұрын
😂😂😂
@loveligon7760 Жыл бұрын
💀☠️🤣🤣😂😂😂
@Mr.Everythang Жыл бұрын
Thats not why its because you don't believe you're capable of of obtaining a significant amount of cash
@Daniel_Braun3 жыл бұрын
Wow very in depth video! Very useful information about mutual funds
@PracticalPersonalFinance3 жыл бұрын
Appreciate that Daniel!
@Oirentals5 ай бұрын
Easiest explanation I’ve heard hands down
@edwarddoreentonga25863 жыл бұрын
I freakin love you guys... my life is about change forever
@PracticalPersonalFinance3 жыл бұрын
Get it!!! :D
@Revelacion320Ай бұрын
Thank you for sharing such knowledge and easy to understand for someone that is not knowledgeable like my self.
@willian81562 жыл бұрын
What i do is invest into stocks and other financial assets online but stocks is most effective for high profits monthly thanks to my fiduciary
@denise92422 жыл бұрын
How can I also generate profits, do you mind showing me your fiduciary
@olivia41822 жыл бұрын
I know Mr Ravies, although not personally but he manages my sister’s investments as her fiduciary, she speaks highly of his expertise
@nathanjackson10912 жыл бұрын
How do you read Mutual Fund “statement sheets”? Please do a video on this.
@kidijatesfay20103 жыл бұрын
I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to fire movement.
@mayornevzorin48833 жыл бұрын
Great job with your husband! I bet you’re living your best life right now.
@mayornevzorin48833 жыл бұрын
I’m a young dad, I’m really glad to hear your story it inspires me. What’s FIRE movement please.?
@kidijatesfay20103 жыл бұрын
@@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.
@mayornevzorin48833 жыл бұрын
@@kidijatesfay2010 Thanks for replying I will read more about the FIRE movement.
@paigegarcia62663 жыл бұрын
@@kidijatesfay2010 Your story is inspiring. I’m 38 trying to achieve this goal you achieved. Share some tips please so others can actually learn.
@michellewilson2503 жыл бұрын
Very informative!
@PracticalPersonalFinance3 жыл бұрын
Glad it was helpful!
@TradingWithCJ3 жыл бұрын
Solid breakdown bro!!
@PracticalPersonalFinance3 жыл бұрын
Appreciate it!
@gabrieljacob55447 ай бұрын
Appreciate your efforts
@donnam91775 ай бұрын
Thanks for info it was helpful. How do you sell mutual funds? How do you choose lots to sell. Unlike stock what am I selling? Selling 1st lots is t that selling it all? So confused.
@JioGrems5 ай бұрын
I'm a father of two who bought a house last year. For me, it was a major turning point! In addition to feeling the effects of the economic downturn, I'm lucky enough to enjoy a respectable monthly income from wise investments that I've made. I have therefore meticulously prepared for my retirement following my children's graduation from college.
@SanoZogito2 ай бұрын
very informative
@ZyberFlix2 жыл бұрын
Thanks!
@PracticalPersonalFinance2 жыл бұрын
Glad it was helpful!!
@RayRay-jt4wv4 күн бұрын
so....if i put in $5000, and some wealthy individual put in 500,000.00 in the same mutual investment gropup, what are the chances i see any profitable margins 🤔 ?
@stevegarcia69382 жыл бұрын
Thanks for the video really informative
@KevinRensonRoderiques5454 Жыл бұрын
Great information
@joerambo4977Ай бұрын
Are there penalties for selling or pulling out
@SluwVosjeh3 жыл бұрын
is a high expense ratio good or bad?
@PracticalPersonalFinance3 жыл бұрын
High expense ratios are bad! You want the expense ratio to be as low as possible.
@SluwVosjeh3 жыл бұрын
@@PracticalPersonalFinance ok thx
@winelysdance1239 ай бұрын
great video
@iain422 ай бұрын
Did not really explain profits potentials and pitfalls.
@sanoncamille113812 күн бұрын
As soon as he mentioned Naxos he lost all "credibility"😅 and understanding I had for him🤣 NAXOS DEFINITELY DESERVES ALL THE HYPE... NO CAP AT ALLL👌🏾
@brijeshshah19793 жыл бұрын
Can we do sip or lumsum investment in mutual fund?
@PracticalPersonalFinance3 жыл бұрын
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.
@nana820able2 жыл бұрын
A family member recommended a broker they have used for years and like so I've discussed buying Mutual Funds through him. He told me the buy in will be 3% upfront which he gets paid 1% out of that. I asked about a yearly management fee and he told me there isn't a yearly fee. Once I pay the one fee I'll never be charged anymore fees for a managed Fund. Is that correct? Everything I've read talks about additional fees.
@PracticalPersonalFinance2 жыл бұрын
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.
@alrocky2 жыл бұрын
@ *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?
@nana820able2 жыл бұрын
@@alrocky I decided not to go with him. All the research I did told me he was mistaken about the fees.
@alrocky2 жыл бұрын
@@nana820able Good to hear and good for you!
@yoyomelon627511 ай бұрын
So how do you make money?
@m4line10 ай бұрын
same way you do through any type of stock trading
@livelearnlove9086 Жыл бұрын
Don’t do it’s because there is a lot of fees that people get their hands on ur money it’s a big gamble and not worth it just get a Tax free savings account!
@brandonrunkel6290 Жыл бұрын
Small cap is less than $25 MILLION, not $25 BILLION
@su-mu7 ай бұрын
8:10
@edwinarias11 Жыл бұрын
Dave Ramsey
@williamjohnson16683 ай бұрын
Buy at lowest price possible, sell in 20 years
@kaustubhvaidya86373 жыл бұрын
Some how this guy looks like Ryan Gosling(The Big Short Look)
@PracticalPersonalFinance3 жыл бұрын
I don't disagree!
@ictgetheard2 жыл бұрын
He look like dude from Wayne’s world more then him
@christianalawal3695Ай бұрын
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@RichardnnabuikediyokeАй бұрын
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.
@christianalawal3695Ай бұрын
@@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
@RichardnnabuikediyokeАй бұрын
@@christianalawal3695 My advisor is Victoria Carmen Santaella
@RichardnnabuikediyokeАй бұрын
You can look her up online
@MaverickDylan-7Ай бұрын
@@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?