Biggest lesson i learnt in 2023 in the mutual funds market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I'm up with $128k in a short period of time.

I wish to diversify my assets by investing in ETFs/index funds/mutual funds and stocks of corporations with stable cash flows. I received $400k from the selling of my condo in Mansfield. Do I need some sort of asset manager to achieve this?

Very clear and helpful : thanks! Didn’t realise mutual funds had such high fees! BTW does each country have different index funds and are they limited to just one country’s stocks? Or are there more global’ index funds that track multiple countries’ stocks or index funds just for emerging markets etc ?

These billionaires which I am not one of them but they worked hard getting where they are they did not need to use this superstition that video talks about to become a billionaires they have all kinds of antiques, heirlooms and many clothes that they don't wear anymore and it doesn't stop being rich they work hard they know where to invest their money in and what kind of strategy to use to make themselves rich so don't need to do this false teachings says to do.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

I’ve got a couple of good ETFs and other share holdings doing incredible numbers in my portfolio. I’m up 47% from last year! I’m also well positioned with good blue chip companies and I have stop losses in place. Do you think i should acquire more funds?

My financial teacher uses your classes and podcasts every once in a while to teach us and I'm honestly hooked. Young and ready to be financially free

I would not use mutual funds. Stick to low cost index funds or ETF's. VTI + VXUS + BND will be a good 3 fund simple portfolio. Don't listen to me this is just an example.

Whatever type of investment you decide to get into, I think the key message here, or for me rather is to start investing no matter how small. Don't rush into anything you're not absolutely sure of. Then of course you can always build from there. I use the services of a licensed broker Suzanne Stephens Ellis

The indexing type with extremely low fees.

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024 Investing with Juliana Heidi

Never understood the turnover ratio of mutual funds. Learned it through your teaching. Thanks Dave.

I haven’t watched the video but I guess Dave says something like” Growth, growth and income, aggressive growth and international”

Isn't his whole mutual fund turnover tax analysis an argument for ETFs which don't disburse capital gains from inside the fund? I'd be curious why Dave recommends Mutual Funds over ETFs inside a taxable account? Not to mention ETFs are much cheaper than Mutual Funds (cheaper expense ratios and no sales charges).

Long term or growth aggressively , also always educate yourself in something that you don’t understand. Simply never invest in something you don’t understand.

Why this country doesn't teach investing and finance in high school is beyond me. Ya know, something that is actually useful in life.

I dont do any mutual funds....clark howard

Better advice would be to go with a ETF or index fund with no turnover because they are not actively managed persistence does not exist within the mutual fund industry

I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

VTSAX and chill

None. Invest in ETFs or growth stocks. Mutual funds have very high fees. People usually look at the total return over 10 years not accounting for the fee. High mutual fund fee is one of the ways banks and these institutions make their money. Do some research its not even that difficult. Never go to a bank and ask for their advice as they have hungry financial advisors who are going to put you on a low risk mutual fund with a crazy management fee.

Love Ramsey such helpful tips. I always listen to talk show on the way to work. Education is power.

Deferred accounts are just that, deferred taxes. Taxes higher or lower in the future? I know my bet.

You should definitely invest in the “rice and beans, rice and beans Mutual Fund”.

I’m 24, have no savings or real investments / assets. Only thing left to payoff is my car. After I pay off my car I don’t know what to do to build my financial future. I’ll start setting aside but I don’t know where to go to invest it the best

I have property tax every year based on a valuation.

Dave dave dave::: What does Warren Buffett think of mutual funds? Buffett not only sees index funds as the simplest path to achieve a diversified portfolio, but they're also the cheapest. One of the biggest factors that drives down the performance of mutual funds are the fees investors have to pay. That's led 92% of active mutual funds to underperform the market over the long run.Feb 7, 2024. I would go with Warren buffet. You could die waiting for these funds to produce. Like waiting 10 years plus. No thank you, for people in there sixty's this is the WRONG WAY TO GO.

ETF’s are better.

Does anybody know what the best mutual funds would be a good start to start investing in the UK ? I'm a real novice at the moment and would just like some pointers to get me started

In Norway..you need to pay taxes regardless of realistion.or selloff. Govt dont care.

So the point of this video is that we don't need to sell our stocks otherwise we're gonna pay taxes on the profit???

Thank you for all the help

ETFs do the same thing as mutual funds without tax implications until you sell. Dave needs to get up to date.

Mutual funds are such a scam if you look into the obscene fees some of them charge. A much better option is to invest in an ETF, especially a self-managed one, where the fees are low, pay a quarterly dividend, and grow over time. You can even set up what they call a 'drip' with your brokerage and have that dividend automatically reinvested without you doing anything. The hardest part of this process is setting it up, but after you do, all you need is contribute a percentage of your income each year. If you can do that monthly, even better.

Sounds to me like it’s not even worth it. Ups and downs and I’ll rather do what my grandma did and save all my hard earned money in a wall……I already lost my Roth IRA over half of it. It made me sick!!! I’m a single mom and I don’t trust any bank investing in my money any more. My house is paid off threw a flip thankfully 😅

This just helped me out so much

The first rule of smart money management should be, "don't pay someone to do something for you that you can do yourself." Save yourself the 2.5% annual fees. Make your own balanced portfolio. No one is too dumb to learn how to manage their own money, not even Dave Ramsey listeners.

Wouldn't you get taxed more when you take it out bc you're at a higher tax bracket?

No mutual funds, just index funds and dollar cost average

Sell the car

ETF's > Mutual Funds.

The turnover rate applies with taxes even if it´s a Roth investment?

Would mutual energy funds be good to invest in???

*Index Fund

Answer: Short term PLTR call options

VTSAX

I love listening to this brother 🤗 💯 👏🏾👏🏾👏🏾

Long term growth doesn't lie. Check the 10 year rate of return! 💪🏼

What's the difference between a recommended Dave Ramsey local Investment and my local Davenport Investments agent. Both agents say they are better and more knowledgeable of the other.

Get an s&p 500 index fund

Can someone explain that last part about “if you hold it a year after you sell it you’ll get capital gains tax of 15%”?

Very few actively managed mutual funds have turnover at 10% or lower. Typically only index funds have turnover that low.

CTXR thank me later.

Just invest the 150k into GME, simple

Hey Dave can you disclose the exact mutual funds you invest in? Thanks

I'm sorry I will stick to day trading and consulting with my advisor over traditional investing and retirement savings.

none

IUL policy or Mutual funds if you could only choose one

Good information on turnover ratio within a mutual fund.

Great teaching moment!

I prefer index funds or for the talented individual stock picks, The unfavorable side of mutuals is Berney madeoff managers, high load fee's for the big ego types & not being in complete control of your money, Just a tip to the dummies who haven't thought of this before, Checkout the mutual fund you like in a particular sector , click on their top 10 holding & buy those stocks, Your welcome.

I'm 25, I have a Roth IRA, & a brokerage. I have QQQM in them both. I'm considering adding in VOO & SCHD. But also 1 mutual fund. I'm going to do research but if anyone knows the best one LONG TERM, drop it down in the comments. Thank ya!

Mutual Funds are not good, nobody can predict the market. Don't believe this guy, take up index funds.

You didn’t answer his question 🙋‍♂️

Even if bond yields are increasing while stock prices are decreasing, the markets are still skeptical whether the Federal Reserve will stick to its goal to raise interest rates until inflation is under control. While I'm still debating whether to sell my $401k worth of equities, what is the best way to profit from the present down market?

None

Can someone link me to a video or something that teaches me how to get started in investing in stock mutual funds from the very start. Im completely new to this and need to know how to start

Dave you are just amazing !! Recently KZfaq suggested me a video and now all day I keep watching your videos and feel motivated through your learnings.

Why not just use index funds that average pretty much the same as mutuals but don’t have the fees of mutual funds

It makes perfect sense thank you!

Never invest in anything you do not understand, has been hyped by the media, friends and family members until you do your real diligence. If you don't the fool and his/her money will soon part ways.

Would the ETF equivalent of daves investing strategy be VOOG, VOT, VBK, and VEA?

That guy needed way more answers

"Hi, I have a heart of a teacher. Here's a mutual fund with a 1.5% expense ratio" -probably some ELP

thank you Dave .. this is community service

Buy the index and enjoy being average. Average isn't what they preach for debt but for investing, which is aggravating.

So Dave says do not invest in things you don’t understand. Like growth funds?

Very important topic!

I heard about the turnover ratio and you explained it great in the video.

I just wanna recommendation for investing 10K Don’t need high risk. Just steady growth

When did he answer his question?

Just put your money with Cathie Woods

Wait a second Dave is on there internet too 🤔 1:29

QUESTION: I am a military veteran. I have access to Navy federal and USAA. Where do you all recommend I begin investing into ETFs or mutual funds ?

Turnover Ratio is meaningless with tax loss harvesting and tax lot identification method

VOO

Nicholas Fund has been very good to me over the last thirty years.

ELPs are not advisors same as whole life insurance agents, ELPs are registered stock brokers, work with fee-only RIA same as work with independent insurance broker, when sick I go to doctor not a pharmaceutical sales rep

*next question: how do I find a investment consultant?*

ARK funds. You're welcome

Something that never seems to get pointed out is that contributions to an IRA account must be "earned" income as defined by the IRS...some folks gonna get a nasty letter in the future. Also, ETFs > Mutual funds!

I'd love to see a video with advice for people that have a disability. That live of $1200 a month. Finding a job is impossible (due to medical condition) or possible, but parttime. Parttime doesnt pay much. Finding a job as a person with a disability, esp now during the pandemic, is obviously challenging. Many are unemployed at the moment. Much of the advice is focussed on cutting down costs ( take-outs, smoking, drinking, driving a car) but let's say, all of that isnt applicable. The person already lives very frugal. Grocery bill might actually be higher compared to others, because of a particular diet (half a bread, $4,85 for example) or supplements. These are the people that are really in desperate need of financial advice. Or better yet, they need finances. Money. I'd love to hear your take on it. Thank you!

I found a great investment advisor I learn so much in one visit I want to go back to him for more in Kelly Community in Tyler Texas. But I will check out David people cause I love Dave advice he is my adopted father with out knowing it lol 😂

I read financial literature avidly and listen to individuals like Ramsey, etc. who have done well financially by doing my due diligence by picking the gems and leaving other things. Do not listen to broke jokers all over social media. I do a lot of research before I commit my hard earned money into any fund or an advisor to make sure they have my BEST interest at heart. Be proactive and do your part to cushion your money.

Index funds > Mutual Funds

For my 403b prudential I have it in harbor capital it was good now I ain’t to sure can any one help me?

No load mutual funds all the way, unless your putting in a massive amount of money it doesnt save you to go front load.

I tried the smart Vester Pro for my insurance for my business, and in my opinion, you had a bad apple. Was a bad experience for me.