What investments should you buy in your 401k?!

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Your Rich BFF

2 жыл бұрын

Пікірлер: 79

@astridechegoyen5723 Жыл бұрын

This is so helpful!! I just started investing and opening a 401k at 25 because of you

@ld74624 Жыл бұрын

Watch the expense ratio. I was in a targeted fund for many years and didn't see a good return on investment. Also the expense ratio was high. A few years ago I switched my money out of the Target fund into a vanguard s&p 500 fund with a low expense ratio and during the upturn it went bananas.

@FishingWithConner 11 ай бұрын

@@ld74624very well stated. DO NOT use the target date!!!

@KelseyIsARose Жыл бұрын

I did this using your tips, thank you!! I felt so much more confident making my choice 😌

@logicalmisery3737 8 күн бұрын

Skip the target date funds due to expense ratios. Find the SP500 Index equivalent and pick that. If you're young, you can split some off into a large cap growth option and call it a day. Target date funds will take a lot of your money just to move money over to bonds over time.

@NNSegura 8 күн бұрын

This is what I did!!

@KINGRAHIM1 11 күн бұрын

Target date funds grow extremely slow. I wouldn't advise doing this at all

@Givemegymtips 5 ай бұрын

You’d be better off putting your money in whatever low cost index your company offers that tracks the S&P 500. The rates will be much higher if you can stomach some volatility.

@susantoohey2710 Жыл бұрын

Thank you for your videos!!!! ❤️❤️

@ingood0867 Жыл бұрын

Thanks BFF, I've have a 401k and didn't know what the options were. I'm going to log on now.

@djextrodinare9495 11 ай бұрын

Thanks 🙏🏽 for the Video! We’ll explained !

@colleen.odegaard 8 ай бұрын

While your 401(k) account will likely continue to grow after you stop contributing to it, that growth will be limited by the market, your plan’s balance and other factors, so i can perceive the preference for Annuities, I still want to know how best to compound at least $2m in retirement savings without holding cash

@velayuthman 8 ай бұрын

True, proper asset allocation is critical. Furthermore, some fund managers employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns. Individuals who rely on pensions should understand their fund investment strategies. Having an advisor assisted me in garnering up to $3 million for retirement.

@Shultz4334 8 ай бұрын

This convo makes me realize how important it is to monitor the financial health of retirement plans and understand how they're invested. It's not something we should take for granted. Please who is the advisor that guides you?

@velayuthman 8 ай бұрын

I've shuffled through a few advisors in the past, but settled with 'Monica Selena Park'' her service is exemplary and she's a genius in portfolio diversification. I'd suggest you research her further on your browser, sure you'll find her basic info

@Shultz4334 8 ай бұрын

Very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified

@rachelresets Жыл бұрын

Thank you! I needed this info!

@GorgieClarissa Жыл бұрын

i want to retire five years ago.

@cynthiamorales6472 Жыл бұрын

Thank you!! Soo helpful

@EthanMaloney-qp4lh 6 ай бұрын

I'm considering investing around $700,000 in stocks as I've learned that savvy investors can still profit during challenging times. Do you have any solid stock market strategies for retirees

@WestonScally7614 6 ай бұрын

It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

@Redwood4040 6 ай бұрын

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 115% since 2022

@JordanReam8186 6 ай бұрын

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

@sting_grayl 6 ай бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@JordanReam8186 6 ай бұрын

’Vivian Louise Dehoff’. is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@kristinegonzalez2333 Жыл бұрын

So helpful! Ty!!!

@Mizzou58 12 сағат бұрын

I was talking to some people about this and they said that it isn't the best option because if minimal returns

@johnnylee8489 5 ай бұрын

Thank you!!

@TamagoHead Жыл бұрын

Pick two different dates? I’d look at the composition of the fund.

@KAVY2562 Жыл бұрын

Thank You, You’re a God Send!!!

@UniquelyCritical Ай бұрын

This isn't bad advice, but I wouldn't dismiss options for growth or total market funds if you are young. The returns are generally better and the expense ratio is usually lower.

@Muller_Andr 11 ай бұрын

My growth of 401k is 2.74% in the past year. In this environment does investing under a brokerage with a custodian outperform a 401k? should I seek a pro to grow my funds on brokerage acct or still hold? I have 5 years to retirement. Happy to discuss.

@AanyaDarika_ 11 ай бұрын

Mine was 8.16%, I used to dca into etfs but I reconsidered the strategy since I am still way behind after the massive downturn since Jan last year

@AnkurYo 11 ай бұрын

Be careful not to be lured into the market too soon, this current situation has really opened my eyes to the importance of a good mentor on KZfaq or elsewhere knowing what he/she is doing

@ClaudiaRom 11 ай бұрын

the size of your retirement portfolio will overwhelmingly be a function of the performance of the stock and bond markets between now and when you start withdrawing from it.

@benalfredo 11 ай бұрын

Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager for awhile now netted 370thousand this downturn, made it clear there's more to the markets than we average ones know.

@Jennapeters144 11 ай бұрын

@@benalfredo who is this manager you use? I lost over 50000 already this year on Vanguard. Im in need of guidance from a financial-planner going forward.

@reaper-sz5tm 3 ай бұрын

VFIAX is the only one I’d take on that list because you’ll blow a target date fund out of the water over multiple decades.

@nunezbetsy81 23 күн бұрын

What about expense ratios ? Shall we look for the lowest

@njikengvalery9611 Жыл бұрын

I don't have a 401k and I really need one

@crazy4beatles Жыл бұрын

Ask if your job offers one. If they do and they match contributions, that’s the first place to invest. If they don’t offer it, then you can open an IRA (individual retirement account yourself). For IRA, if you want your contribution to count towards last year’s max, you still have until Tax Day to contribute to 2022. It has to be opened and the money in the account by then, so I’d give myself at least 5 business days before tax day to be sure it counts.

@mo1979ca Жыл бұрын

Awesome

@serenelyascending3339 Жыл бұрын

Ty!!!!!

@elenaporet164 9 ай бұрын

What do I do if I want to retire tommorow

@manjimanj Жыл бұрын

let me guess, there is no 401k outside of the us?

@jocelynortiz9186 Жыл бұрын

What about a 403b?

@Drea8015 Жыл бұрын

Wait there is a portal? How do I look for that?

@lc2865 Жыл бұрын

Great idea!!

@emmagreen4092 Жыл бұрын

Thank you for this. Do you know the UK equivalent?

@BadBoy-sx2zh 7 ай бұрын

Your beautiful!

@guyisku58 6 ай бұрын

Thank you!

@TotalWealth 9 ай бұрын

Oh girlfriend, you have swallowed the Wall Street Kool-Aid! Target date funds suck. Love their “easy automatic, investing” marketing pitch. But have you looked at the returns? They are the financial equivalent of over-priced sausage. Does fillet mignon go into sausage? No it does not. They are full of garbage Wall Street couldn’t pawn off otherwise.

@JaimeGarcia-fv4lh Жыл бұрын

Explain more but slowly

@j69confessional Жыл бұрын

But what else??!!

@trekkie79startrek23 Жыл бұрын

By doing that isn't there a chance that it would go I to the red and tou might not make any money?

@davidd34 Жыл бұрын

Will that choice of investment Really beat inflation over that time period?

@ladyyyKD 3 ай бұрын

I’m still overwhelmed and confused. Help! New to adulting here 😅 I need the basics.

@autobotdiva9268 8 ай бұрын

i hate TDF's but its better than nothing and perfect for adhd folks

@lorrainei1622 7 ай бұрын

I want to retire by age 50 idk how people can work over that age.

@susantoohey2710 Жыл бұрын

Do you know how I invest in the S&P 500 from Ireland?

@shesme4976 Жыл бұрын

What if I chose the wrong date? I was young and chose 5 yrs sooner than I likely will retire. Does that matter?

@treysherwood1174 6 ай бұрын

@joaocolen7768 7 ай бұрын

Know I’m 55 and retired from my old job. How can I withdraw from my 401k with out paying tax.

@rudroroy1054 7 ай бұрын

but Vivian I am an international student should I go for 401k, I don't even know if I will staying in USA

@ivancaravantes2 7 ай бұрын

So was this thing created by the government or the IRS or Wallstreet? Wss it WHO, or The World Bank Organization?

@theadventuresofbriceandril5950 Жыл бұрын

Trash advice! This is not financial advice but the s&p has a 10% annual average return over the last 50-100 yrs. A target option will put your money into cds and bonds the older you get that might get you a 4% return at best. You will be alot richer doing some research and finding good stock index funds.

@crazy4beatles Жыл бұрын

It’s not bad advice.It’s spreading the risk. When you’re farther away from retirement more is invested in the stock market so that over the years you take advantage of those higher returns. You’re right that when you get closer to the target date it’s shifter to more conservative options that have lower returns. So that you don’t end up having to postpone retirement if the target date hits when the stock is shit. That’s what happened to a lot of people in the 2008 crash who say their stocks plummet. And their choices was to sell and take the loss or wait it out and keep working to make ends meet. I personally have both. Target date funds through my job’s 401k and S&P mutual funds in my IRA.