Know Your Money

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@jinwolfe2364 2 күн бұрын

What would be a good 3rd ETF to compliment QQQ and SCHD that doesn't overlap them?

@Know_Your_Money 2 күн бұрын

Thanks for the question! It probably depends on what you want to do with a 3rd ETF. If you wanted an investment that was safe with a nice dividend yield and 0% overlap, ANGL would make sense. If you wanted another more aggressive ETF that didn't have a lot of overlap with QQQ & SCHD, COWZ may make sense. COWZ has 2% overlap with QQQ & 19% overlap with SCHD. Hope that helps.

@jinwolfe2364 2 күн бұрын

@@Know_Your_Money thanks! I'll research them!

@Know_Your_Money 10 күн бұрын

Thanks for watching! Let me know any feedback you have and I also wanted to include the link to my spreadsheet that I used for the analysis here - docs.google.com/spreadsheets/d/13Ak5rUVtbgoHdvqPxujeQRgHqxRgHnSPRI34zZAJ6rI/edit?usp=sharing

@terrycoye3373 10 күн бұрын

Seems like a false choice to me, because these three ETFs serve different investor goals. QQQ is the fastest growing (at least for the last 10 years), VOO is the most diversified, and SCHD is the best passive dividend payer. One is better than the others only to the extent that it best matches the investor’s goal.

@Know_Your_Money 10 күн бұрын

Thanks for the feedback & I totally understand that perspective and yes they all have different purposes and strategies, but with this video I tried to show viewers there are alternatives outside of just S&P 500 funds like VOO and passive dividend funds like SCHD.

@pashaearthturtle 11 күн бұрын

does your bar chart take the expense ratio fees into account?

@Know_Your_Money 11 күн бұрын

Yes - The Total Return includes the dividends reinvested and expenses fees for each ETF. Thanks for asking!

@Know_Your_Money 22 күн бұрын

Let me know your thoughts or feedback/experience with 529 plans. Thanks for watching!

@rickfernandez1104 23 күн бұрын

Nice presentation

@Know_Your_Money 23 күн бұрын

Thanks for the feedback!

@AonBarri 29 күн бұрын

Majority is in QQQM, SCHD, FSPGX, FSKAX, FTIHX, and a few individual stocks and a couple REITS. I’d say 75% of my portfolio is in ETFs, 25% in Stocks. For stocks I like Microsoft, Amazon, Google, Disney, and waste management.

@Know_Your_Money 29 күн бұрын

Nice - most of my portfolio is also in ETFs. Tough to go wrong with Microsoft, Amazon & Google!

@AonBarri 29 күн бұрын

New sub, thanks for the research!

@Know_Your_Money 29 күн бұрын

Absolutely - thanks for the sub!

@Know_Your_Money 29 күн бұрын

Let me know if you're invested in any of these ETFs or what your favorite ETF is. Thanks for watching!

@mccabeyohe9163 Ай бұрын

Great video! How often do you think these rankings change?

@Know_Your_Money Ай бұрын

Thanks! Usually good to take a look when the Fed changes interest rates or every 6 months or so.

@angelhernandez1318 Ай бұрын

What website did you use? And exact inputs you used?

@Know_Your_Money Ай бұрын

I use www.dividendchannel.com/ which has a DRIP calculator for the returns and I use www.etfrc.com/ for the ETF overlap. Good luck investing!

@shawnvines2514 Ай бұрын

I invested in VOO recently in my Wealthfront account. Determining the "best" overall option among SCHD, QQQ, and VOO depends on your investment goals, risk tolerance, and preferences. Here's a summary of each ETF's key features: SCHD (Schwab U.S. Dividend Equity ETF): Tracks the Dow Jones U.S. Dividend 100 Index. Low expense ratio of 0.06% and a high dividend yield of 3.43%. Invests in dividend-paying companies, providing income. Less overlap with QQQ and VOO, offering diversification. Suitable for income-oriented investors seeking stability and dividends. QQQ (Invesco QQQ Trust): Tracks the NASDAQ 100 Index, heavily focused on technology. Higher expense ratio of 0.20% but historically strong performance. Offers exposure to leading technology companies. Significant overlap with VOO, which may lead to sector concentration. Suitable for growth-oriented investors with a higher risk tolerance. VOO (Vanguard S&P 500 ETF): Tracks the S&P 500 Index, providing broad market exposure. Very low expense ratio of 0.03% and a moderate dividend yield of 1.35%. Diversified across various sectors but heavily weighted in technology. Significant overlap with QQQ, which could lead to sector concentration. Suitable for long-term investors seeking broad market exposure with low fees. Based on historical performance, QQQ has outperformed both VOO and SCHD over the last 10 years. However, past performance is not indicative of future results, and each ETF has its own benefits and drawbacks. For a balanced approach, you might consider a combination of SCHD and either QQQ or VOO to balance dividend income and growth potential while minimizing overlap. Consulting with a financial advisor can help tailor an investment strategy that aligns with your financial goals and risk tolerance.

@Know_Your_Money Ай бұрын

Let me know which one of these ETFs you are looking to invest in and why. Thanks for watching!

@TVM_investing Ай бұрын

Good stuff let’s see how it does for long haul

@Know_Your_Money Ай бұрын

Will be interesting to keep track of.

@TVM_investing Ай бұрын

@@Know_Your_Money it’s nice these high income ETFs have low Betas so their prices don’t fluctuate too much. Really nice for steady income without stressing about big losses.

@Know_Your_Money Ай бұрын

@@TVM_investing Definitely!

@kene8895 Ай бұрын

I agree about JEPQ and looking VERY closely.

@Know_Your_Money Ай бұрын

I really like JEPQ - I've got a nice portion of my Roth IRA in JEPQ.

@shawnvines2514 Ай бұрын

Summary: The requirements for the best HYSA include a rate of 5% or higher with no additional requirements, no monthly fees or minimum balance, no rate reduction for higher balances, and availability to everyone in the US. The top five recommended HYSA accounts are: 1) My Banking Direct with a yield of 5.55%, 2) Western Alliance Bank with a yield of 5.36%, 3) Brio Direct with a yield of 5.35%, 4) Tab Bank with a yield of 5.27%, and 5) Jenius Bank with a yield of 5.25%. The video encourages viewers to switch to a high-yield account to make their money work better for them. UFB Direct is 5.25% APY. Thanks for the video. I'll try My Banking Direct next.

@Know_Your_Money Ай бұрын

Thanks for watching!

@Know_Your_Money Ай бұрын

If interested, you can find the links to each of the Top 5 HYSAs I go over in the video in the Description. Thanks for watching!

@BlackSwansFine-co6cd Ай бұрын

Owning physical gold/silver is tax exempt in several states, that alone makes it unique to own. Gold and silver should be replacing a small percentage of cash savings. Think of gold as a currency exchange, you're not "buying" gold, it's simply an exchange of forms of money. Governments are bankrupt beyond comprehension and the debasement of your currency will accelerate going forward. Government bonds are no longer a store of value due to the exponential growth of debt issuance. Gold ETF's have maybe 1 ounce of real gold available per 300 "paper ounce claims." Now is time to protect wealth and get out of the game of musical chairs, not jump back in and pay someone to manage your fractional owned, leveraged to the hills, and you don't hold it and don't own it in the event of emergency fake gold ETF.

@Know_Your_Money Ай бұрын

Thanks for the info and response. To be clear are you saying that State Street is lying when they say that their GLD ETF has almost 27 million ounces of gold held between HSBC bank & JP Morgan Chase bank? If so, can you point to that information?

@BlackSwansFine-co6cd Ай бұрын

@Know_Your_Money There's no way to know for sure. I don't believe they would allow a group of independent auditors to verify everything. As multiple banks have lost lawsuits related to gold and silver price manipulation, they have paid hundreds of millions of dollars in fines and even had employees confess in court and were charged. A short gold price trade maybe, but I wouldn't trust them to ever deliver in the event I needed something so important like gold. Perhaps I'm too pessimistic about the future, if they are liers we won't know until the madness starts.

@BlackSwansFine-co6cd Ай бұрын

@Know_Your_Money I don't believe they would ever allow an independent audit of their gold stock. Several banks like JPMORGAN and HSBC have been ordered to pay hundreds of millions in fines due to admitted market manipulation. I don't believe they would allow dillivery of gold in quantity if a party requested such, just a paper change in ownership.I have zero trust in those institutions. I have old logs of the entire SLV 1000oz silver bar inventories. Something like over 10,000 pages. Has bar refiner indetification, bar source, bar serial numbers, and current bar owners. Even with that info it's nearly impossible to take delivery of a 1000oz silver bar.

@Know_Your_Money Ай бұрын

Let me know your thoughts on Gold ETFs and any investing areas you'd like me to cover in the future - thanks for watching!

@Know_Your_Money 2 ай бұрын

Thanks for watching. Let me know if you have any questions about S&P 500 ETFs.

@downfromthesouth 2 ай бұрын

Which one do you recommend the most? I’ve invested into both. S&P Global or S&P 500

@Know_Your_Money 2 ай бұрын

Great question. If I use IOO in a comparison with SPY, IOO has a slight edge over the last 3 and 5 years, but if we go back 10 & 20 years, SPY outperforms IOO. In the 20-year comparison, SPYs return over that time was 561% while IOOs return was 391%. In the end both are great options for long-term investing and if you have a preference for a more global asset approach and not just US-based companies, then IOO may be a better fit.

@larryc1616 2 ай бұрын

Economy does best under Democrat Presidents. Republican Presidents cause Recessions- Reagan/Bush, Dumbya, Trump. Clinton, Obama and Biden all inherited Republican Recessions that they all fixed to a booming economy only to have these Republican Presidents crash the economy into Recessions again.

@Know_Your_Money 2 ай бұрын

You could definitely make that argument based on the data. I wouldn't lump Reagan into that group and President Carter had a really poor 4 years from an economy standpoint, but you can definitely look at the market returns as a whole and make the case it's better for investors under a Democratic president.

@larryc1616 2 ай бұрын

@@Know_Your_Money I can only speak of modern Presidents in my lifetime. Republican Presidents are given too much credit as they inherit booming Democrat economies. Likewise Democrat Presidents don't get enough credit because they inherit Republican Recessions to begin with. If we had consecutive Democrat Presidents, we wouldn't have boom and bust economies and statistically, Democrat Presidents would look even better without inheriting Republican Recessions but inheriting another Democrat's booming economy 🇺🇲

@larryc1616 2 ай бұрын

@@Know_Your_Money I can only comment on modern Presidents in my lifetime. Republican Presidents are given too much credit for inheriting booming Democrat economies. They should be given credit for their Recessions. Likewise, Democrat Presidents are not given credit enough since they start with inheriting and fixing Republican Recessions. We won't have this boom and bust economy if we had consecutive Democrat Presidents. Watch out if we ever have consecutive Republican Presidents, my god.

@TSK0209 2 ай бұрын

Politics and money are a pretty volatile topic to combine, but I love the approach to being as unbiased as possible while just purely stating the evidence and research! Great video :)

@Know_Your_Money 2 ай бұрын

Thanks! Definitely can be touchy subjects, but I try to have a little fun with it and not put any slant on it.

@Know_Your_Money 2 ай бұрын

Let me know what you think about any impact President's have on the stock market, if any. Thanks for watching!

@Know_Your_Money 2 ай бұрын

Which stocks do you have in your portfolio that have given you great returns and also have a nice dividend as well?

@mavamQ 3 ай бұрын

OK, I don’t know what is being calculated in the Voya calculator. We both know that $7k earning 10% for 42 years will have equal value whether you put it in a tIRA or a Roth IRA. The vehicle doesn’t matter. It is true that you will owe tax on any withdrawals from the tIRA. But the calculator only has a 10.4% difference where the tax rate listed is 22%. I don’t get what they are calculating. From the Bogleheads wiki, “When the withdrawal marginal tax rate will be the same as the marginal tax rate saved by a traditional contribution), thanks to the commutative property of multiplication (i.e., A * B * C = A * C * B) the traditional and Roth results are equal.” Yes, you must include the fact that you do need to invest the tax savings you get the year you make the tIRA contribution. Another way it might be said is, equal dollars out of your pocket at contribution time is equal dollars in your pocket at withdrawal time, whether using a tIRA or a Roth IRA as long as the tax bracket is the same. An important point for the Roth for me, is when I die, my wife will, (because of filing single) jump to a higher tax bracket. I have been Roth Converting for about 5 years now, hoping to reduce my RMDs to below what our spending is, or at least keep us in the 12% bracket--- or whatever the new rate is changed to in 2025. Please respond with any additions or quibbles.

@Know_Your_Money 3 ай бұрын

Thanks for the feedback! The calculator is taking in several factors including the average market return each year as well as the tax brackets you are in when contributing and when you retire. And of course the earnings from the investments will be the same, but the two big factors that contribute to a Roth IRA being a better option are tied to you either being in the same or similar tax bracket when earning and retiring and the other factor being the average market return over the life of the investments. As those investments grow larger the tax burden continues to grow with it in a traditional IRA while a Roth all of those investment earnings are tax free. Here's another calculator from JP Morgan that backs up Roth being better than traditional unless you're in a much lower tax bracket during retirement and/or the market doesn't perform well over all those years. www.chase.com/personal/investments/retirement/retirement-calculators/traditional-ira-calculator

@mavamQ 3 ай бұрын

@@Know_Your_Money Someone else described what I wanted to say better than I could. "No, if the tax rate is the same then a Roth does not come out ahead all else being equal. Let's take a hypothetical couple whose tax rate is 22%. If they invest $10k annually in a Roth for 30 years and the account earns 5% then at the end of 30 years the balance is $664,388.48 [=FV(5%,30,-10000)]. The $10k annually would be $12,820.51 pre-tax [(10000/(1-22%)] so with the Roth they are paying taxes on $12,820.51 of income or $2,820.51 in taxes for a net cash flow of $10,000 used to make the annual ROTH contributions. If they invest $12,820.51 annually in a traditional IRA for 30 years and the account earns 5% then at the end of 30 years the balance is $851,780.10 [=FV(5%,30,-10000/(1-22%))]. They avoid having to pay income tax on that $12,820.51 annually. The $851,780.10 would have an after-tax value of $664,388.47 [$851,780.10*(1-22%)] " Note: both have the same spendable dollars.

@mavamQ 3 ай бұрын

@Know_Your_Money 3 ай бұрын

@mavamQ 3 ай бұрын

Without more details, I call BS. If the tax rate is the same at contribution then at withdrawal, the tIRA and Roth IRA come out the same. Run the numbers in a spread sheet, it's not difficult.

@Know_Your_Money 3 ай бұрын

Thanks for the feedback - If you watch the full video you can see the details used. The example is a 25 year old making $65k and will retire at 67 with an average return of 10% (based on the past 50 year average market return). They also are part of a retirement plan at work. The calculator is from Voya.

@mavamQ 3 ай бұрын

@@Know_Your_Money OK, I don’t know what is being calculated in the Voya calculator. We both know that $7k earning 10% for 42 years will have equal value whether you put it in a tIRA or a Roth IRA. The vehicle doesn’t matter. It is true that you will owe tax on any withdrawals from the tIRA. But the calculator only has a 10.4% difference where the tax rate listed is 22%. I don’t get what they are calculating. From the Bogleheads wiki, “When the withdrawal marginal tax rate will be the same as the marginal tax rate saved by a traditional contribution), thanks to the commutative property of multiplication (i.e., A * B * C = A * C * B) .” Yes, you must include the fact that you do need to invest the tax savings you get the year you make the tIRA contribution. Another way it might be said is, equal dollars out of your pocket at contribution time is equal dollars in your pocket at withdrawal time, whether using a tIRA or a Roth IRA when the tax rates are the same. An important point for the Roth for me, is when I die, my wife will, (because of filing single) jump to a higher tax bracket. I have been Roth Converting for about 5 years now, hoping to reduce my RMDs to below what our spending is, or at least keep us in the 12% bracket---or whatever the new % is changed to in 2025. Please respond with any additions or quibbles.

@Know_Your_Money 3 ай бұрын

Thanks for watching this video. Let me know in the comments if you agree or disagree with any of my examples in the video. I also wanted to list the links from the video here as well: How to calculate MAGI - www.nerdwallet.com/article/taxes/modified-adjusted-gross-income-magi RMD Calculator - www.bankrate.com/retirement/ira-minimum-distribution-calculator/ IRA Calculator - www.voya.com/tool/roth-ira-calculator My KZfaq Channel - kzfaq.info/love/1mXr7Awo6nYNfluf5ESDTw

@Know_Your_Money 3 ай бұрын

To see the current great rates you could get on a savings account, take a look here - www.bankrate.com/banking/savings/rates/

@kimmariecooper2835 3 ай бұрын

Or you could spend 5 minutes to research whether or not that hospital is actually a nonprofit.

@Know_Your_Money 3 ай бұрын

Can you elaborate on why that would matter in regards to this? Thanks!

@nebojsa1976 3 ай бұрын

OMG, 33 million subscribers. You must be making good money making youtube videos.

@Know_Your_Money 3 ай бұрын

I enjoy making content that hopefully helps others make better decisions with their money.

@nebojsa1976 3 ай бұрын

@@Know_Your_Money Or they go broke.

@iamsakhawathridoy 4 ай бұрын

I am glad youtube recommended me this video, btw! I was wondering are you guys looking for a thumbnail designer or video editor?

@Know_Your_Money 3 ай бұрын

I'm not, but thanks for asking. 😀

@iamsakhawathridoy 3 ай бұрын

@@Know_Your_Money you welcome🥰

@FA-qw7ut 4 ай бұрын

Thank you 👏👏👏

@Know_Your_Money 4 ай бұрын

Of course! Thanks for watching!

@ImZa1no 4 ай бұрын

All you gotta do is pay Balance transfer fees !

@Know_Your_Money 4 ай бұрын

In most cases yes (3-5%), but you can still save thousands using a balance transfer even with a transfer fee. My full video goes over those details and also mentions one card that has a no transfer fee offer for 12 months.

@datnohi8612 4 ай бұрын

That's right and the bank hire and train people like myself to find ways to prevent you from getting that money 💰 back. They have software to make it even easier to do so

@Know_Your_Money 4 ай бұрын

That's disappointing to hear, but I'm also not surprised. 😟

@horacerumpole6912 4 ай бұрын

Fool...

@linkedinfred 5 ай бұрын

Here in the UK we receive normal mail, cheap plastic gold Amex cards. Amex if you're reading treat your UK customers the same please.

@Know_Your_Money 5 ай бұрын

Wow - thanks for the insight. Totally agree; Amex should treat you and other UK customers like those in the US.

@mrb152 5 ай бұрын

It can't treat you the same because your laws make the american credit card model unprofitable. Not sure about the specifics of the UK, but generally countries outside of the US limit swipe fees so you get nothing back and Amex has to cut basic costs like metal cards. Basically a UK or European credit card is little better than a debit card.

@linkedinfred 5 ай бұрын

@@mrb152 I hear you. The Visa network is preferred here because their merchant fees at significantly less than Amex. There are fewer merchants accepting Amex cards as a result. I am not sure Amex margins are affected though. Cost is usually passed to consumer to maintain them. I am not sure which law/s you mean . Regarding producing the card and the product it costs us £198 after a first year waiver. Plenty of profit to be had.

@Know_Your_Money 5 ай бұрын

And Amex doesn't have a whole lot of competition in the UK like they do in the US and you're correct mrb152 - they have caps in the UK and EU on those swipe fees which the US could be seeing if some recent proposed legislation is passed. Hoping that doesn't happen.

@eduardazayev4230 5 ай бұрын

I don't agree with your calculations, don't recommend buying gift cards with Amex Gold.

@Know_Your_Money 5 ай бұрын

Thanks for the feedback. Just curious what calculations don't you agree with? The $.01/point conversion and why don't you recommend buying gift cards at 4x points?

@Know_Your_Money 5 ай бұрын

Thanks for watching - let me know any questions you have about the Amex Gold card. Here's the link to the Gold Card if you're interested in applying - americanexpress.com/en-us/referral/JASONM6J1G?XLINK=MYCP

@jeannemartin9135 5 ай бұрын

I wish I could have watched this years ago. 😉

@Know_Your_Money 5 ай бұрын

Same here - if only I could tell the younger me how important this is. 😁

@Know_Your_Money 5 ай бұрын

Hey everyone - please let me know if you have any budget related questions here. Thanks for watching!

@Know_Your_Money 5 ай бұрын

Let me know if you have any questions on this content and thanks for watching!

@Know_Your_Money 5 ай бұрын

Let me know any questions or comments you have on what we discussed in this video and thanks for watching!

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