Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

Impressive can you share more info?

Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

Thank you 💛

🙏

SEP IRA are for poor people lol

So folks should not allow themselves to get overwhelmed by these types of investments, which is a common mistake people make, and so they never really get started on a plan that will eventually include some of these instruments that he’s talking about here in the video. So I’ve seen many people at my agency where I retired from get overwhelmed with what they should do with their money, and how should they plan for retirement, and unfortunately, the agency in the beginning, after we had a change from the old civil service, retirement, system (CSRS) to the new federal employees retirement system (FERS) didn’t do a good job of explaining the new system, so a lot of employees just gave up, and they left an awful lot of money on the table, and I’m talking billions of dollars simply left on the table, because the people did not understand how these plans actually worked. So the first thing to do is educate yourself, and to realize you don’t have to make every decision at once, and a good plan includes your spouse too, as you will be surprised, particularly men, and those who have gone through divorces or simply separated without getting a divorce can complicate their retirement picture, and the essential important things that should have been discussed way back when either didn’t get discussed or the adjust being discussed at the endgame which is way too late, but you’re going to have to discuss them at some point if you have a spouse or a significant other. So don’t do this alone, unless you have to, as obviously if you don’t have a spouse, then that’s a different story, but either way get started educating yourself and start to think about using a certified financial planner to help you develop your plan, as no one is going to do it for you, and so it’s really gonna be up to you, and a good way to get started is by asking yourself, questions about what is it that you want to achieve in your life, and how much is it gonna cost, because money is a big part of that answer, and in particular when you are nearing retirement, and based on those answers, and on your particular circumstances, you need to consider how long will you live beyond the age of retirement, which is starting at age 55, and sadly, most people, are not prepared to retire or to even answer that question, and so they’re simply not prepared to retire, because they know they don’t have enough money to do so, and so the vast majority of people who are eligible to retire, simply don’t, and so they will continue to work after retirement which is exactly what happens with most people. So are you going to, retire, meaning, are you going to retire permanently when you leave your current job or are you just going to go out and get another job? So that’s the question you need to answer, because if you want to retire permanently, meaning I’m not going to go out and look for another job, and I am not going to work for anyone ever again, and so the money question is very important here, because the question becomes will you have the money to be able to live out that dream life that you always wanted, because if your answer is no, then don’t you think you need to get started immediately putting away as much money as you can in one of these tax saving vehicles, and just as important understanding how to maximize your return on your investments, is the other part of that equation, and that has to do with your level of risk tolerance, because a lot of people simply can’t handle losses. So for those people, putting money into the stock market isn’t going to work for them, and what I have said, and I practiced this, is number 1) never invest in things you don’t understand, number 2) never invest in things that keep you up at night, because why would you wanna do that? Isn’t getting a good nights sleep, just just as important as making sure you have good nutrition, and you’re practicing distressing techniques, and getting in enough exercise, and taking care of your health, because if your health is a question now, what do you think it’s going to be when you retire? So a plan that contains more traditional investments, like fixed, income investments, we’re talking bonds, certain types of real estate investments,, utilities, etc. maybe the way for you, particularly in the beginning, and until you gain confidence that you can handle the ups, and downs, the choppiness, and the frothiness of what investing in the stock market normally entails, but whatever the mix-and-match of your investments, you happen to choose, get started by first educating yourself, and get started with a plan to achieve your long-term goal of retiring with the type of income security that will assure you that you can retire and be able to finance your lifestyle without having to depend on outside employment. Cheers 🥂

Yeah, you are spot on. I used the same strategy. But, my CPA told me I could only for it for 3 to 4 years before the IRS starts to audit my business. So I show a small profit.

Yeah, technically after two years of a loss the IRS can deem your “business” a hobby and you can’t claim the losses anymore if you’re audited. Just a heads up

@@TravelingLifeStyleNow You might consider shopping for new CPA however the 8829 handles "rented" vs "owned" far different. BTW: LOL Audits after 3 or 4 years?? Completely laughable. But let me ask: So what?? Unless you are making stuff up? Who cares if you are audited? CPA? Over priced Bad information.

@@idaUnchained "Technically"? Going with this? Gee. Don't let Mitt Romney and his horse business find out. Won't the tax payers intent be more relevant than losses? How long before Twitter is declared a hobby? LOL. Don't listen to me. Likely you are far more knowledge of this vital area of code.

Great ideas!!! Say, in LLC ,where do you take the home office (8829 on Sch C) Actually, if you have a Sch C with 8829, what it the benefit of the LLC? Thanks!

Thanks bro 🙏🏽

Thank you, Mike! I greatly appreciate your feedback

Thank you, Stanley!

You're very welcome. Happy to help!

You're very welcome

Thank you!

​@@mycpacoach hello does cooking oil count ? What about cosmetic oils ?

You're very welcome, Nancy. Sounds like it may be time for a new CPA?

I appreciate it Anthony! It's a grind.

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

she's mostly on Telegrams, using the user name

fxnolan 💯 ..that's it

Glad you enjoyed it!

Thanks, it’s on a tripod but my FPS settings were off. It has been fixed in newer videos

Thank you, Scott!

I think that's why people still have a business and pay themselves or put kids on payroll for doing chores in addition to working more tex deductions for business owners

Yep, I have a business and still paying a high amount of taxes, thought a rental property would help this year, since I did not owe any taxes last year. So not sure how long I have to own the rental until it helps with lowering my taxes.

Thank you!

I am happy to hear that. Thank you for commenting and watching. Glad you found it valuable.

Sure. Will add to queue

.. even if he did not share his information I'm sure God will bless him anyway

I'm blessed just to wake up every day😊

@@davidbrooks8809 I wasn’t even talking to you

Appreciate it, Jeremy!

Thank you!

I agree! I just found this channel and subscribed!!

Subscribed

Great comment. Halfway thru the vid and subscribing now!

Thank you! It's a grind.

Watch easy peasy millionaire he is the best at explaining things in detail. I haven’t found any chanel that explains these subjects as well as him. Wish he makes more videos

Thank you!

It's not simply buying common stock. Rather, you're investing in something like a Master Limited Partnership. Yes, there are some very good tax benefits, but these can also be very tricky investments. When considering an investment, it's best to consider the RETURNS you'll make (or what you may lose) well before you weigh the tax implications. In the case of MLPs, you may lose your shirt, and you won't care whether there was a good tax benefit or not.

Thank you!

Not yet - focusing on growing our audience before expanding to podcasting. Potentially towards the end of 2024!

Thank you 🙏🏽 and both - I am still with LYFE and this is a separate division of it.

@@mycpacoach Thank you for replying I appreciate it!

The example referenced in the video is not related to public stocks, but are instead related private investment opportunities where you can directly invest capital into an oil & gas company.

@@mycpacoach cool, thank you for explaining that

@@mycpacoachCould you please explain how to do this? I liked your video and subscribed as well. Thanks in advance 🙏

@@mycpacoachHow can an avg person do that?

@@user-yf4yz7zj7d we cant lol

can't seem to figure that out also

Glad you found it helpful!

You are very welcome. There is much more valuable content on our channel, especially if you own a business.