I Have $2,000,000 In Cash and Afraid to Invest!
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Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
Smart, If i wanted to do the same with my retirement funds too, how do i get started trading?
thank you for sharing; I just looked up the broker you recommended on Google and was really impressed with her qualifications. I will immediately send her an email.
đđđ dang scammers
â @@Brennanoliver775shut the hell up Brennan
One can invest in many types of endeavors such as using money to start a business or in assets such as real estate in hopes of generating rental income and reselling it later at a higher price.
Investing also differs from speculation, as evidenced by the investor's timeframe.
Speculators are typically looking to gain from short-term price fluctuations that occur in weeks, days, or even minutes.
According to Timothy Eric Meek an expert, Investors usually consider that a greater period of time, like months or years, is needed to generate acceptable returns.
How can i reach him as soon as possible please
Try a casual online search of name, it would be helpful.
It is not about the money , but the right investment to make. As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . Iâve been sitting on over $545K equity from a home sale and Iâm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Thank you for this amazing tip. I just looked the name up and wrote her
up, to schedule a call. many thanks
Go with the 60-40 ratio...
60% of amount in good commercial real estate... Because you'll be able to See, touch, and feel that investment i.e, no ones gonna move your physical investment. The return would be less but it would always go up.
40% investment in stocks, or mutual funds because these move faster and give huge return so you'll be having this amount on your finger tips and liquidity would be available as well as you'll get a good return but it can go down as well.
I get why she says they missed the boat, because they literally missed out on MILLIONS of dollars.
more than one boat :P
@@MacronageChain Barge.
Ship
đ¤Ł
cruiseliner
What a good problem to have.
Don't be jealous...tsk, tsk.
Only the 2mil part.
Yeah some people just have to accept that they are good at earning money and saving it. Investing isn't for everyone and with how much they make, they can do pretty good without it.
This caller is me with an extra 0. Iâm now 40 with a net worth of 800k. How much money have I left on the table by only saving and never investing except personal real estate? It makes me sick that the fear has held me back.
@@CooterELee literally millions.
Ironic how many people in comments shaming these people for their financial illiteracy..... yet they are in a better financial position than most people ever will be.
Exactly!!! There is always opportunities when you have cash. That cash is trash is completely not true. They can spring board leaps and bounds with the cash they have.
Ironic
don't look at me - i'm on a better financial place than most callers.
AND its a financial channel. I like to hear people succeeding, not just stories to make me feel like I'm in a better position
@@justinhenryrebelthe whole point is that they didnât take those opportunities when they presented bemself. Buying into the stock market is one example of a great opportunity to use your cash, but instead they sat on the sidelines for twenty years. They are still in a great spot but in hindsight that 2 million could have been ten.
People get too caught up with dollar figures, just live well below your means, get debt free and stay debt free and enjoy life. You will never have enough money no matter how much money you make if you chase dollars.
I bought the book Millionaire next door and it is exactly like you say CC, live below your means. That simple!
Hi CycleCruza, just watched you vid about sport bike riders selling and buying baggers lol. Keep up the awesome vids
@@joel0990 Thats not true,thats the ultra rich with billions not the rich.They do that to avoid paying taxes from selling their stocks.The only debt thats good to leverage on for the average joe would be a mortgage,you do that by getting a 30 instead of 15 but other than that you should not play with fire on ANY OTHER DEBTS.
Facts
@@kelvinpang438W
Imagine having $2 million and being sad about it.
It is sad because by letting that money sit in a checking account, she is losing around 200k on average every single year that should be compounding. I'd be sad if I lost 200k a year for no reason.
@@arthurbekkerman inflation isnât 10%, unless youâre talking about opportunity cost
Why is she in trouble? She should be applauded for saving money. Many people have great fear and so do many LARGE companies like Apple who are holding onto billions.
There a difference between sad and afraid. Being afraid is not completely irrational if you don't educate yourself on a subject. What is irrstional is refusing to learn. Calling Dave was the first step, and she with her husband are young and wealthy enough that they can correct their mistake of the past.
Tamara diane hagan has the best signal for stocks investment.
investment is a game either you gain or you lost
you always gain in the long term
Sir this is an eye opener video and I would be retiring in 5 years and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90,000 per annum but nothing to show for it yet
Research dividend aristocrats and choose six to ten companies with over 25 years of dividend payments. Consider working with a financial advisor to build a strong portfolio.
@@Angelavaldess Speaking from personal experience, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
45% of Americans do not invest in the market because they lack guidance. Every year you don't invest, you are falling behind.âŚ. Seeing my portfolio at $600k is surreal all thanks to my advisor.
@@DanielPanuzi Iâve been looking to switch methods for a while now. Any help pointing me to who your advisor is?
@@Higuannn Iâm a Travel-Nurse, and my job doesnât permit me the time to properly analyze my holdings/evaluate stocks myself, so Iâve had a fiduciary " Alicia Estela Cabouli'' " actively restructuring my portfolio for the past 4 years.
What this lady needs to understand is itâs better to have a $2M asset (I.E. rental properties) than $2M sitting in the bank where the value of it can only go down.
That is why she is calling
I wouldn't push for investment of the full $2M. Investing say $500,000 is ok, just in case the investment flips upside down.
What Dave and others minimize is the reality of who is left holding the bag when investment go bad.....the investor. It's a reality nonetheless. Everyone is in a unique situation and has obligations to think of like kids, wife, parents etc. If I'm comfortable with investing $1,000 in this stock and you are ok with investing $10,000 in the same stock, then so be it. We know the risk and accept the consequences....positive and negative.
I would advise this caller to put some of her 2 million in say CDs or Treasury Bills. Other options is land. It sells well if you hold it for time. A 2 acre property in a rural are I know of was worth $10K 5 years ago. It's sold for $49K a few weeks ago. I wish I would have purchased it 5 years ago. Imagine larger pieces of land.
Nothing is perfect, we just have to do our research and proceed accordingly.
Properties have costs as well, so they could give her trouble. She might be afraid of that
She missed out on a lot of money, but also missed out on a lot of stress and worry as people saw their net worth temporarily cut in half, etc.
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they lost money being invested in the USD. The USD has lost a lot of value recently.
How much would they have had?
Just have to ride the waves.
But getting "cut in half" will happen again at some point. The only difference is the next time things get cut in half, the half will be much bigger.
If she invested in 2019, 2M would have been 4M if she kept it in a index fund!
What she needs to hear is âdollar cost averageâ. Read about it if youâre scared to invest.
rethink that now
@@nikitapestov1711I mean stock market is way up since 2019 and still has recovery
@@nikitapestov1711checking in from the future, 2M invested in 2020 would be worth about 3.5M today. And realistically theyâd be invested in a diversified portfolio including bonds, the chances of them losing out compared to holding cash over the long term is almost zero
I am going to Google index funds.i hope its something low income persons can try
@@TonyCox1351 I can't believe there are still people out there trying to victory lap minor market downturns as they keep all their money under their mattress... how much evidence do they need?
She didnât miss out on anything. In that case we all missed out by not investing earlier than we should have. I should have invested at 16!
Preaching to the choir my friend
I want to diversify and grow my portfolio of $600k as Iâm at the verge of retirement , What retirement investment approach should I take to create a comprehensive portfolio allocation that balances the concerns of risk aversion and returns that meet yearly inflation.
very true, About 50% of my portfolio profit was from TSLA, GME and NIO stocks, my financial-advisor was able to get me in early on most of these stocks .I've been able to scale my portfolio from $350K to $970K
@Ryker credits to Diana Claire Lougen, one of the best portfolio manager;s out there. she;s well known, you should look her up
They should have invested in some education about investing
Youâre talking about a married couple that saved two million cash and paid off home in less than 30 years.
They have options before retirement not issues.
I bet they get maximum social security as well.
@@blackworldtraveler3711
Couldâve got 10x that amount though if theyâd invested properly
@@RomilCPatel
Donât matter.
Ask anyone debt free with two million and paid off home getting maximum social security payout.
I doubt they want to fly a private jet to the grocery store or anything.
The more knowledge you have, the less risk you're putting in and the more confidence you will have.
@@RomilCPatel 10x? Lol do you understand math?
I have the same problem... everything seems completely over valued, from stocks to real estate. nothing seems like a safe bet.
when they print 35% of the money ever in existence in one year everything is bound to go up. that money doesn't stay in cash it moves into assets as the value of cash goes down. dilute the money supply and you end up with stocks at all time highs.
The small cap techs, EV stocks, and Cryptocurrency have dropped. Looked to position into these and HODL those moon bags.
@@jawdrop6038 true. Evs are great buys right now.
@@jaredkmcbride EV stocks are not great value right now.
You sound like my friend.... I had 1.2 million from an inheritance and I invested most of it in real estate in Hungary/Spain/Egypt. The rents themselves bring me over 60k a year. I also invested 10 grand in an online store and that's working well. Sitting on your money is never a good idea. A lot of people like the comfort zone and don't go out of it. A significant amount of money can be turned into a lot of money very fast.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCAâing into stocks, ETFs, dividends and futures. However Iâve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I donât know if I should sell everything, sit and just wait.
@Margaret22- I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.
@@corrySledd I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@AUstinnesc Have you heard of "NICOLE DESIREE SIMON? She gets featured regularly on CNBC. Everyone in my office works with her including myself. I personally use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about.
@@corrySledd Thank you. I just checked her out now on the web and I've sent an email. I hope she gets back to me soon. I've been thinking of doing this for a long time now, and I've procrastinated enough already.
Itâs amazing that the two of you keep recommending the same advisor to each other, over and over and over. When will Ramsey block these spammers?
Fascinating discussion. Is it still advisable to keep idle funds in a savings account with an average interest rate of 0.85%? I am seeking a more effective means of diversifying my portfolio, considering the prevailing inflation and the substantial tax implications associated with cryptocurrency gains. Additionally, given the recent decline in stock prices, housing, and the overall financial market, I am interested in learning the most efficient approach to make my money work for me while minimizing the impact of market fluctuations during this bear market. Do you have any recommendations or tips to share?
Honestly, I have been contemplating the market volatility for the past year, and it seems that many individuals are unsure about how to navigate this bear market, especially if it is their first experience with such conditions. Going from reaching all-time highs to incurring significant losses can be quite disheartening. Have you considered consulting a certified financial analyst (CFA) to develop a customized diversification plan tailored to your specific portfolio? Personally, I recently achieved a milestone of earning my first $100,000 during a period of significant shifts in Federal Reserve policies. You might want to consider investing in reputable mutual funds such as Vanguard, Schwab, or Fidelity. Cryptocurrency can also be lucrative due to its high returns, but it's important to exercise caution. Opting for stock-based mutual funds could be a prudent choice to mitigate risks.
@@jessicasquire As I approach my retirement in the coming months, I would greatly appreciate any advice you can offer. I have actually attempted to engage the services of a certified financial analyst (CFA), but it has been challenging to find one who possesses a comprehensive understanding of various sectors. I value a holistic approach and believe that if I cannot have a well-rounded perspective, it may not be worthwhile. I am open-minded and eager to explore different possibilities.
@@patrickbrussels4454 Finding the perfect CFA for my needs was a process that required some time and effort. However, once I connected with the right group of CFAs, everything fell into place, and my investment journey has been consistently positive since then. I attribute a significant portion of my profit margin success to the guidance and expertise provided by my dedicated CFA.
@@jessicasquire You seem to have been fortunate in finding reliable individuals with strong ethical principles in the investment field. In contrast, I have faced challenges in connecting with such individuals, and as a result, I have experienced a significant loss of ÂŁ103k over the past few months. It would be greatly appreciated if you could provide me with an introduction to your trusted CFA, as I am in dire need of effective diversification options at this point.
@@patrickbrussels4454 I am unable to provide extensive details, but I can share that *STEPHANIE KOPP MEEKS* is the CFA responsible for managing my portfolio. She possesses exceptional intelligence, thoughtfulness, caution, and boasts an impressive set of credentials. You can easily find more information about her online.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
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 is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Charlotte Grace Miller for I and my family
I dont know who needs to hear this, you've got to stop saving money.invest some part of it if you really want financial freedom.
You are absolutely rightđ
"some people are so poor all they have is money"
Assets and investment is that tiny line that separates the rich from the poor
@@jamesmorgan7066
@@hunterlandon6280
If itâs not in a high interest savings account, youâre losing around 60k a year to inflation. Thatâs crazy to think about!
Even high-interest rate savings account will lose money... with these types of interest rates... It's pointless to not invest money if you are saving over an extensive period of time...
I can't imagine a high interest savings account actually applying the full high interest on such a large amount of money either.
Itâs crazy in a country full of people with little, negative , or zero net worth?
Home paid off. Zero debt.
Nothing to worry about.
Still doing better than over 90% of the population and will be fine.
There's no such thing as a "high interest savings" account anymore. You are guaranteed to lose at least 2-3% MINIMUM a year, that's $60k a year gone for no reason.
@PoopCoin Patrick yeah be a good boy and let the rest of us be richer than you
If I was in her place:
2M I would divide into
- 1 condo of 300k to live
- 2-3 houses to rent out
- Remaining money in CD or Mutual Funds that yield monthly dividends
That is what you call âhumble braggingâ Love it!
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I feel like they know how to save but they donât know much about investing. Theyâre afraid of losing what they saved so they donât know how or when to invest. I can understand that.
thats so me...
Gotta grow a pair, if the world ends the world ends and the revolution would ensue
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@@violaalbert9174 phoney
@@ryanrok3064 well the world would be ENDED so there will be no one for a revolution
So many haters. I'm surprised to hear this. Dave and his philosophy is all about self empowerment. Kudos to this family for being diligent. The total dollar value doesnt matter... and we should be happy for them and their success.
You are right, total dollar value doesn't matter BUT they left money on the table which was relatively low risk. Her reason for doing so was silly. They listen to other people and got scared and didn't do their own research. No matter how you slice it, there is a difference between having $2 million at 50 years old and having $5 million. BUT as Ramsey said, they can still change that over the next 10 years, that $2 million can turn into $4.5 easy.
All these poor people and fake financial experts hating on this old lady đ¤Ł
@@TheFruitney BUT they also still have 2Mil. Always easy to say what you should have done after. I dont disagree with what you are saying. We tend to be way to cash heavy and could be farther ahead from a net worth perspective... but we also sleep really well at night not having any debt and having a good cash cushion.
@@Dr_Salt nailed it
I like Dave's advice and analogies on this one. What can you learn from the past? And start where you are.
Great question! Yes, this happens.
I just really find Daves wisdom priceless...because we all have so much stuff rattling around in our head and need someone to slow it all down.
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Yeah man, I remember when I was younger. I thought I was hot stuff, got into stocks, and absolutely failed. Learned my lesson. Moved on to safer investments, such as playing at the casino.
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W
wee
Weekend CF
Worth it for them free drinks!
I totally understand her. If you have saved $2M, you have to look at every single dollar and make a decision not to spend. Think about deciding to buy off brand peanut butter to save $1, then thinking about putting all of 25 years of saving and the chance that it could be gone. Even if not likely.
There is no best time to get in. Get a pro help or learn to diversify. Most people pay more attention to the shiniest positions on the graph at the cost of proper diversification. But just get a advisor, that's your best chance. I use a regulated FA and it's been an awesome experience.
Hey bud, I find myself in a fix right now. I have a lump sum of around $300k an inheritance sitting in a savings account doing absolutely nothing at all. I wanna get something started with it but I need guidance on where and how. You seem to be doing excellent for yourself.
@@vinjmc9320 Algorithmic trading...I copy trades from investment advisor Monica Sullivan Javorcic, a US regulated broker. it's been a huge relief for me. Highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part. My portfolio returned over $180k in the first quarter
@@emarshall2629 Do you copy the trades manually or you just give her your money? And what does Monica Javorcic charge for her services?
@@vinjmc9320 I don't give my money to anybody. My account only mirrors her trades in real time. That's the ideal for Algo trading. The lady I just recommended is a renowned broker and knows what the heck she's doing. Check her out and get in touch if you'd need help.
@@emarshall2629 Just found her official website so I'll drop a mail right away. Thank you
Worried about the US Dollar but stayed invested in just USD? Still, large amount saved up to be pleased with.
She will panic sell at the bottom any time she buys mutual funds and ETFs.
Yeah she should stay away because she might not have the mentality for it.
Hodl assets, and buy any dips!
Many people do not have the temperament to manage capital themselves.
@@jasonhutchens4420 Nice meme stock advice buying every single dip
Diversify is the best option when having that kind of money instead of putting it all in one category! So if one fails well at least you got other investments that hopefully will make up for that failing one.
Dave is right. Low fee, high quality MF or ETFs are the way to go. Especially if youâre doing a VOO, vong, vstax, or vonv. Not a lot a thinking involved. I believe itâs called, diversification.
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Diversification in paper stocks isnât really being diversified
They missed out on SOOOOOOOOO much free money. I feel really bad for them, but there is no reason to beat themselves up about the past.
Exactly
*Wâ˘Hâ˘Aâ˘Tâ˘Sâ˘Aâ˘Pâ˘P*
*+â˘1â˘3â˘0â˘5â˘3â˘4â˘0â˘4â˘9â˘7â˘7*
*Iâ˘nâ˘vâ˘eâ˘sâ˘tâ˘inâ˘Câ˘râ˘yâ˘pâ˘â˘tâ˘o*
*Bâ˘Tâ˘Câ˘Aâ˘Nâ˘Dâ˘Eâ˘Tâ˘Hâ˘.*
They are in better financial shape than 98% of the population. No need to feel bad for them.
It isn't "free money".
@@ClearOutSamskaras You lean back and wait doing no work at all. I don't know about you, but I call that free.
Needed to hear this. Please keep posting these snippets.
Yes Ramsey đ keep your emotions out of your investing!
Knowledge and experience curbs uncertainty and fear!
Best thing to do if you are afraid of investing is to just start with a very small amount, like something you can forget about. And eventually when you see it grow over time your fears will be gone really fast. Just dont get carried away when you get excited and put on too much risk.
I bet the woman still shops at walmart, and has a 10 year old automobile. I'm guessing she is bordering on the miserly side of money.
15+ year automobile.
@@Airbender24B Yes.
Warren Buffet is the same way, lives in a modest home, drives an older car. Doubt he shops at walmart though.
@@Threedog1963 True, if he spent 20 Dollors, he'd mourn for a week.
Or maybe she had a great income and budgets very well. Now she can invest and live a life of luxury with passive income if she wanted.
Everyone talks a good game about "Buy low, sell high", but few people actually have the guts to invest when a crash is happening. Note sure what magical circumstance is going to occur that makes people comfortable "buying low".
Accurate
All anyone needs to do is look at a 30 year hypo on an good S&p 500 fund and realize that even with the bad years over 30 it compounds many times over. Lack of education is the real issue. When you study it the only real risk is NOT investing.
I couldnât agree more with you
If they managed to save $2m, maybe they are used to a lifestyle that would be to expensive for that savings.
this is why learning about investing when you're young is so important these people could have upwards of 10 million if they had been investing all this time instead of letting the money sit there.
And the companies they wouldâve parked their money in wouldâve done a little better
Easily 10 mil
How much do you have? Itâs so easy to sit on the sidelines and say what you would have done in someone elseâs hindsight.
@j j just asking the critic to see if their strategy worked out better. Was yours, or are you going to deflect yet again? Do you have a net worth of more than $2MM (whether it be cash, real estate, stocks, businesses, or commodities?)
All I know it is not smart to hold cash long term... its a melting ice cream! Make your money make you money
Love Dave's respons
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>
I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,
how do I get in touch with this consultant that assist??>>>>
Thanks for these recommendations.....,,,
scam alertâ@@AudraZapoticky55
Good overview, but perhaps lots of further discussion needed on where they should invest to match their risk tolerance
But she doesnât owe uncle SAM a single penny.
My feeling is that if the stock would have dropped to zero. We would all have more pressing problems than are 401kâs.
I think many people (my wife) forget that the day you retire your money keeps working for you. You do not cash it all in the moment you walk out of the workforce.
1:52 They change the title haha
I disagree. If I'd saved all my life successfully, I'd be terrified to throw it into equities at 40x earnings with the fear of a massive global crash due to all the QE, and overvaluation of every single asset. I'd be much more tempted to sit in cash and wait for the crash.
Shoutout from Richmond VA!
đâ˘đâ˘đźâ˘đâ˘đâ˘đźâ˘đâ˘đâ˘â˘đâ˘đâ˘â˘ +â˘1â˘4â˘2â˘3â˘7â˘4â˘2â˘7â˘6â˘1â˘8 đâ˘đâ˘đâ˘â˘đâ˘đâ˘đâ˘đâ˘â˘đâ˘đâ˘đâ˘đżâ˘đâ˘đźâ˘đâ˘đžâ˘đ
$2M is enough to put into a good income fund and just live on.
that is how we lost our savings during the 90's in Romania during hyperinflation. check out the video I shared.
@@StarPathAcademy this is the USD, reserve currency of the world. Not romania
@@Austin6403 it will make things much worse, once that status is lost. Not only you will have to deal with printed money but also the incoming wave of extra cash that other countries no longer want to hold. Like russia in soviet union once satelite states didn't want to hold Rubles anymore.
@@Austin6403 USA is still in a good position right now, but things could change fast.
@@StarPathAcademy Agreed
She could live on 80k a year for the next 25 years
she can live off 40k for 50 years. spending 40k a year is a lot
I very much doubt they can live on 80k a year if they're used to having income levels that let them accumulate $2m in cash over 25 years, and pay for the kids college educations... If they expect to continue to live on $200K a year, having $2m in cash might only support a little over a decade of retirement. The short answer to her question is "yes, you missed the boat, but that was you're choice. And it's probably not a good idea to dive in and try to get on the boat now, when you have a history of sea-sickness and hydrophobia".
Inflation buddy
@@wealthelife yeah they must be making 400k to save 2million in cash and pay for college. Unless their kids went to community college.
But what about nursing homes and similar expenses, like home health care. That's my concern.
Downturns are the BEST time to invest đđđ
Unless it keeps going lower for 5-6 years
Exactly, when there is nothing but bad news, that's the time to invest.
@@RandomRabbit007 What? Putting your money into the market when its crashing is the best value.
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that youâre investing in the first place and thatâs whatâs important. Salute for the content!
One cannot lose what one does not have. She made (saved) a lot of money. She's done great. She should look into the future and make no mistakes.
Dollar Cost Average but if I was all cash right now, I wouldn't put all of it in now because we are in the everything bubble. They are in more of a pickle just because they weren't investing in things slowly over time. It's alot easier to swallow a loss when you bought the S&P at 1100 20 years ago but still managed to have a great return even with a 30% loss now.... if it happened.
Youâre afraid to invest but youâre not afraid to lose 2-4% a year on your money every year.
Exactly inflation is never taught properly and most people never see the effect until itâs too late.
Could you imagine if they just invested that in 2001.
You are literally everywhere
I hope you saw jaspreet had your comment read and answered by mr wonderful.
@@StasTalksStocks hurts to think about what they missed out on they could have had more to spend day to day over the past decade and came out with much more money in the end.
Right on.
I wish I could figure out how to purchase a new car. Dealers refuse to sell to people who want to pay cash. Love to see a show on this.
Having a lot of money that you saved or acquired is one thing, knowing what to do with it is a different situation! Seeking investment is the best solution! Research different people, ask around, etc!
Fear is a powerful thing.
Itâs never enough...
Thereâs a difference between 2 million and having grown it to 3 or 4 million. Huge difference. I have 2 million and everything online says Iâm only middle class and itâs not a lot of money.
Fear in investment is terrible. You are afraid then you do nothing and miss out !
Daveâs so funny & down to earth
Hand it over here I can work with it đ
Sup stas
Watch Rob Kirby, Bill Holter & Catherine Austin Fitts.
She mentioned 2001...but what about 2008-2019? March 2020 was the latest big opportunity she could have 2x-3x her money.
đâ˘đâ˘đźâ˘đâ˘đâ˘đźâ˘đâ˘đâ˘â˘đâ˘đâ˘â˘ +â˘1â˘4â˘2â˘3â˘7â˘4â˘2â˘76â˘1â˘8 đâ˘đâ˘đâ˘â˘đâ˘đâ˘đâ˘đâ˘â˘đâ˘đâ˘đâ˘đżâ˘đâ˘đźâ˘đâ˘đžâ˘đ
2x if she sells at the top bro
I am in same situation....
Technically they lost money in savings accounts Due to inflation factored in
Yep, and they are trying to leave the Fud phase, because the Fomo is getting too strong.
They're getting in possibly the worst time ever. Everything is hyperinflated.
đ do you know what hyper inflation is? You sound like those people that Dave says are scaring everyone.
Fear mongering bologna.
@@MrTmenzo k cool. Have a good day
Totally agree! People are in for a big shock soon.
Lost out on 20 years of tech stocks OUCH, that 2mil could have been way more.
10-15 easy
$2 million invested in Amazon in January 2001 would be over $330 million today. Granted they didn't have that entire $2 million in 2001, but just an example.
Financial literacy is real a real problem in this country especially 20 + years ago, today there is no excuse with the use of the internet, Roth 1997, online Brokers, CZcams etc...there is no excuse for Millennial generation to make money đ°. She needs to have compassion for herself and understand the current investment strategies today and be grateful they worked hard and saved be grateful for what they have and get and a financial fiduciary.
Yeah first invest in education. But thereâs a very simple exercise you can do to overcome the fear of losing your money, so what ever dollar amount youâre comfortable losing start there. Once you can execute your trading plan or your investing plan flawlessly without making mistakes youâre ready to move up to a higher dollar amount, you could almost think of it like exercising your mind. gradually work your way up a little bit at a time.
*Wâ˘Hâ˘Aâ˘Tâ˘Sâ˘Aâ˘Pâ˘P*
*+â˘1â˘3â˘0â˘5â˘3â˘4â˘0â˘4â˘9â˘7â˘7*
*Iâ˘nâ˘vâ˘eâ˘sâ˘tâ˘inâ˘Câ˘râ˘yâ˘pâ˘â˘tâ˘o*
*Bâ˘Tâ˘Câ˘Aâ˘Nâ˘Dâ˘Eâ˘Tâ˘Hâ˘*
Amen brotha!
Buy some apartment units that are value add and then leverage the debt to buy more and build more units in those properties you buy.
Celsius Network is giving a straight 10% interest as we speak for USDTether (which is is basically USD) no investment in anything... just for having it in an acct
Celsius is bankrupt
I think theyâre overestimating the returns. Sure the S&P is up about 4x since 2000. But itâs not like this lady had 2m in liquid assets 20 years ago. Sheâs been slowly accumulating that wealth over time. Sheâd probably have more like 4m had she been dollar cost averaging that money into an S&P 500 index fund as she was making it.
Not to mention she could get upwards of 4-5% now in CDâs and high yield savings accounts right now.
Most investors have made more success investing with guidance. Their experience, expertise and mentorship cannot be underestimated though.
i agree
@Hill Landry "There is nothing wrong with a 'know nothing' investor who realizes it. The problem is when you are a 'know nothing' investor but you think you know something"...I know a few people in my circle who are millionaires like me in secret because they invested diversely and re-invested profits . Basically, I work with a well known Advisor with so much experience. I've grown to a 7 figure portfolio ..
@Hill Landry sure, just google her yourself, her full name is " Nancy Jane Gluck " she's quite known, you can connect with her on her webpage...
@@meredithelbert6608 I like when you click on the âportfolioâ tab itâs just pictures of this woman that youâre using lol
Missed the boat is an understatement. Good lord.
Missed out on millions
Cracks me up 3 years later that she said we missed the financial boat...yet are sitting on $2 million in cash....like bruh...
Nice work đ đđ
If they had invested monthly from the start they would have like 20 mil+ thatâs crazy..
Trueđ¤Śââď¸đ¤ˇââď¸đ
They missed out on Google and Apple.
If "ifs" and "buts" were candy and nuts, we'd all have a Merry Christmas!
@@LG123ABC but they arenât
@@agathachris9722 do they have $2m during Google and apple infancy?
I'm in the same boat. We have 2.6 M most made by saving, not investing. Invest maybe 1/2 in AOR or 1/3 in SPY then every 10% drop add allocate 10% more.
why only 1/3 into S&P 500? You can legit put 50% in it and you will be fine.
Album Oriented Rock made you money
Consider T with 6-7 % dividend. Buy at 27-29.
Good luck.
@Eddie D I agree. I am ready to sell but I need a bit more information. The price and dividend will go down in the next year. Good luck.
2 mil in the bank is scary. Hopefully they have that money spread out in 8 different banks. The opportunity she missed was unbelievable. She needs a financial investor pronto !!
*Things are getting worse, it's so bad that having a job doesn't mean financial security*
Not having a job is the new financial security.
What do you mean????!!! it has always been like this. ur kidding urself if you believe u the past is better than the present time...
It never did.
This is very true.
How many wealthy people or billionaires became wealthy by wages and salaries or by saving in a bank account? You don't even know one right?
Yeah I agree with you, I think the best time is now .
Too scared to invest a single penny. Too scared to be in cash. I'm guessing she will be too scared to take any advice she receives.
I agree.
I felt the same way when I first started saving money. Iâm glad my parents taught me about stocks. Now almost 75% of my money is stocks lol
All you can you do is think about the future. I love that advice when I think I missed out on a stock
I'm 27 and if I had that $2m I could retire easily with my way of living in my home country even after calculating inflation for the next 50 years.
I wouldn't even worry about investing coz that's all the money I need for my lifetime.
Kens smile at 1:10 the cookies are done baking
Right..........................
Around the 4:30 mark... Dave, why donât you leverage the bank at a low interest rate for your real estate purchases?? You could have 4xâs the return plus interest write offs on that which would be helpful for all that increase in cash flow you have.
Dave made his money in show business. the actual particulars of his financial advice is misleading. he should be telling everyone to get into show business!
Poor guy..my condolences..let the bank manage it....and it's gone...
I'm sorry sir but this line is for bank members only!
Aaaaaaand it's gone!