What if Market Flat Next 20 Years? How To Really Invest

Sdílet
Vložit
  • čas přidán 22. 08. 2024

Komentáře • 164

  • @Player1gamer2
    @Player1gamer2 Před měsícem +2

    Thanks Sven, i’m learning a lot from you, i like your channel, it’s not like those others with their BS charts. I invest a lot outside of The us, that’s because i can’t find valuations like tencent, baidu, jd, baba state side. Sure they got political risk, but i’m willing to take those risk with their valuation, it will all work out, ones the stocks in the us start to tank, people are going to run after stocks outside the us. So for now i’m accumulating while it’s cheap.

    • @Value-Investing
      @Value-Investing  Před měsícem +1

      yes, international is cheaper, if not cheap... Europe too

  • @happya8199
    @happya8199 Před měsícem +3

    Sven can you take a look at BMY. its down 50% since 2022. Typical stalwart stock with 6% dividend yield. Issues being the large debt and no/slow sales growth (turnover from legacy to new drugs). Guidance for 2024 was previously 7.1-7.4 non GAAP EPS was recently updated to $.4 - $.7 due to impairments and acquisitions... FCF/share ~ 6$ =~ 15% FCF yield.

  • @Hyper1555
    @Hyper1555 Před měsícem +3

    Great video yet again, but how would you invest with you pay 25% dividend tax (in the Netherlands). We have no capital gains taxes (yet), but I like my dividends coming in. A 6% dividend with a 25% tax is kinda hard or am I wrong?

    • @Value-Investing
      @Value-Investing  Před měsícem +3

      Investing is about comparing opportunities / so you compare after taxes!

    • @LearnWithMike
      @LearnWithMike Před měsícem

      25% dividend tax in NL? It is 15% in NL as far as I know.

    • @Hyper1555
      @Hyper1555 Před měsícem

      @@LearnWithMike ohh my mistake, you are right

  • @CraigTaggart
    @CraigTaggart Před měsícem +2

    can you review the rotation into to small caps that started last week. Typically when the fed starts cutting rates small caps have outperformed over the next 12 to 18 months on a historical basis/ thanks

    • @Value-Investing
      @Value-Investing  Před měsícem +1

      I hear abou that rotation all the time, but it not

  • @user-xx8ll1sc8d
    @user-xx8ll1sc8d Před měsícem +1

    I like money market funds like SWVXX because they pay about 4.48% interest and you don’t have the same risk of the stock going down that you have with dividend stocks. I also like that you can take your money out whenever you want with not penalty. The main risk is the interest you earn can go down, but it won’t go negative.

  • @truncksZR
    @truncksZR Před měsícem +2

    If I am from poor country Eastern Europe -Balkan and If I somehow inherit large sum of money, like 100k.. should I just buy Bonds with 5% return or invest in s&p500 all or 50% 50%?
    I know nobody knows the future and that but in countries with bad economy and lover cost of life 5% on large sum is ok because it is safer right? :)

    • @thetjt
      @thetjt Před měsícem

      I wouldn't put any of it in USA at current valuations... I had similar problem nearly two years ago but with a larger sum. My portfolio is currently... still 50% cash... 15% Finnish stock index, 15% China & EM Asia index, 15% medium & long term bond funds, 5% US minimum volatility etf.
      I didn't plan to have so much of Finland & China, but got them cheap so that's what I'm sticking with until US/European stocks crash....and if they don't, that's ok too. Lots of YT & other financial experts advice to immediately put all in stocks but I think that may be a big mistake if you need part of that money in not very distant future.

    • @truncksZR
      @truncksZR Před měsícem +1

      @@thetjt hmm, but still, maybe half in bonds, half od other half for investing and other half in cash if the market crashes.. Finish-Em-China will also crash(in smaller intensity) if USA and EU finally crash. Bonds seems like a best move in this environment.

  • @caddie1a
    @caddie1a Před měsícem +2

    What is Buffet’s cash position if Berkshire’s float is factored into the equation? Buffet talks a lot about float and how he uses it.

    • @Value-Investing
      @Value-Investing  Před měsícem +1

      The insurance needs 20 to 30 billion according to Buffett

  • @cemen777
    @cemen777 Před měsícem +3

    Thanks for the video, Sven.
    Why do Buffet and I assume other investors invest in US Treasuries instead of the Money Market?

    • @Value-Investing
      @Value-Investing  Před měsícem +1

      Avoiding any structured products!! There is aleays additional counterparty risk

    • @cemen777
      @cemen777 Před měsícem

      @@Value-Investing You speak French to me, :) but thanks.

  • @SomeGuy-ws5zj
    @SomeGuy-ws5zj Před 4 dny

    TLT has hit 1.618 extension recently. Did you know it? I am more a chart tech analist. Thats why i like your channel.

  • @SomeGuy-ws5zj
    @SomeGuy-ws5zj Před 29 dny +1

    Inflation according to the FED is almost 3%. But my 2016 eBay shopping list with more than 100 different types of products says it is close to 100% because all the prices were doubled. Of course, the FED removes absolutely everything that rises in price from the index. As Max Kaiser said: "the illusion of winning." Earn a lot of dollars, but a hamburger will soon cost 100. Regards.

    • @Value-Investing
      @Value-Investing  Před 29 dny

      that is correct! It is called also the 'money illusion' , it seems you have more, but...

  • @eddy563
    @eddy563 Před měsícem +3

    The PE ratio analysis is a bit misleading. If you look under the hood of the S&P, the top 10 stocks are pulling the PE higher, the other 490 have reasonable valuation

    • @Value-Investing
      @Value-Investing  Před měsícem

      Still not in my eyes

    • @eddy563
      @eddy563 Před měsícem

      @@Value-Investing if you look hard enough, you will find great companies reasonable priced.. but it is not easy, it is never easy

    • @Amwatson801
      @Amwatson801 Před měsícem

      @@eddy563 I think he looks hard enough for a living.
      And his objective is not to find "reasonably priced" businesses. His objective is to accumulate stakes in businesses yielding 10-15% through organic growth, dividends and buybacks. It is very hard to find that in the American large cap bubble.

    • @eddy563
      @eddy563 Před měsícem

      @@Amwatson801 no it is not very hard. If we look close enough

    • @T0mkisss
      @T0mkisss Před měsícem

      The other 490 might do better than the inflated 10, or it could be that the digital monopolies and AI companies keep on "eating the world" and end up with triple the profits over the next 10 years while the 490, on average, get the crumbs. Imagine the 490 being the horse breeders, horse accessory makers, horse-based transport companies of the 1900.

  • @josephlombardo1267
    @josephlombardo1267 Před měsícem +1

    Well there are not so many around who can say they have seen quite a few 0% return 20 years period like Warren! What about focusing or adding some dividend growers, like aristocrats or something like that together with bonds and international? FYI - I'm not good at all at assessing political risks in some emerging markets!

  • @SomeGuy-ws5zj
    @SomeGuy-ws5zj Před 4 dny

    Invest for 25 years. Solved i am a genius

  • @theodoroseidler7072
    @theodoroseidler7072 Před měsícem +6

    The flat years are when most opportunities present themselves. They are also great periods for accumulating shares over time.... My main problem, again, is 30% tax on US earned dividends for Foreign Nationals. That makes me a very stringent person with regards to what yields are reasonable.

    • @Value-Investing
      @Value-Investing  Před měsícem

      thanks for sharing

    • @TheScaryGermanGuy
      @TheScaryGermanGuy Před měsícem +4

      Don't know where you are located, but have you ever heard of the W-8BEN form? With this you can reduce the tax on US dividends to 15%. Some brokers like IBKR allow you to fill in the form online so there is no paperwork for you.

    • @theodoroseidler7072
      @theodoroseidler7072 Před měsícem +1

      @@TheScaryGermanGuy Hi, thanks for the message. I am aware and filled a W-8BEN form. I am a Brazilian citizen. When I opened my account with the US brokerage firm, the form was one of the pre-requisites. It must have something to do with tax bilateral treaties between the US and Brazil. When I file my annual tax returns in Brazil I can offset part of those taxes paid in the US against the taxes I pay in Brazil (difference from 30% to 27,5%) and get those 2,5% as tax refund here.

    • @mafaldamaluka
      @mafaldamaluka Před měsícem

      @@theodoroseidler7072I am living in Poland. I pay 15% in both (for selling a stock and its dividends) it cames from USA. But in Brazil till 27% in bounds, also we do not pay tax on dividends or till 20k (in reais for selling a stocks). But Poland will make me pay 15% for these not paid stuff in Brazil anyway. In suma, maybe I get tax return. But probably I will die in 15% of everything

  • @Hedgeflexlfz
    @Hedgeflexlfz Před měsícem +4

    If you dollar cost average you can’t lose

    • @Value-Investing
      @Value-Investing  Před měsícem +1

      true, you actually hope for a crash so you can buy cheaper

    • @davidkoba
      @davidkoba Před měsícem

      yes you can

    • @Hedgeflexlfz
      @Hedgeflexlfz Před měsícem

      @@davidkoba how so

    • @davidkoba
      @davidkoba Před měsícem

      @@Hedgeflexlfz would you like an index example or a stock example?

    • @davidkoba
      @davidkoba Před měsícem

      @@Hedgeflexlfz that's what I thought.

  • @mafaldamaluka
    @mafaldamaluka Před měsícem

    As a great investidor said about Brasil: we have crisis every 2, three years and companies repasses inflation. We also pay a lot of dividends compared with other countries. So why I would put my money in USA? And I do agree. Although we have inflation and our money is highly dependent on how USA goes, usually we lose. This is passed over to the clients. And if you wait the peak of the dólar to put and the bottom of the dólar to take… 🤯 also, we have one of the highest righ return for government bounds. Because of the risk of money lose values. I would say: diversify. But remember emerging countries have a lot of room to grow. I am starting investing, slowly, and I can see a lot of my mistakes. For the moment I can really understand why Warren Buffett is choosing to wait!

  • @theodoroseidler7072
    @theodoroseidler7072 Před měsícem +18

    One idea would be to buy Berkshire and let Buffett use his superior 15% tax bracket and reinvesting skill to compound for me and live off of capital gains :)

    • @Value-Investing
      @Value-Investing  Před měsícem +11

      yes, the returns will depend on the price you pay for BRK

    • @theodoroseidler7072
      @theodoroseidler7072 Před měsícem

      @@Value-Investing yes! Like any value investing strategy.

    • @afonsodeportugal
      @afonsodeportugal Před měsícem

      @@theodoroseidler7072 So what would a good price be? I bought several shares of BRK/B around $200 before Covid, but the stock has been moving too slow in recent years...

    • @MAchannel2024
      @MAchannel2024 Před měsícem +2

      As much as I want to agree, Buffet is hoarding cash because he knows the liabilities from climate change costs on his insurance will be huge in next few years and getting worse.

    • @josebalvin899
      @josebalvin899 Před měsícem +1

      No amateur investor beats vwce or sp500 long term. If you want to be active buy best active value investlng company Berkshire. Big returns with no work and no taxes in my country after 1 year

  • @boglehead5822
    @boglehead5822 Před měsícem +2

    Who are you?? Warren Buffet advised me to buy the S&P 500 and keep buying it through thick and thin, especially through thin. I will listen to him and not to a random guy om YT.

    • @Hedgeflexlfz
      @Hedgeflexlfz Před měsícem

      @@boglehead5822 this

    • @Value-Investing
      @Value-Investing  Před měsícem

      you will do ok! This channel is for those who want to do more than ok! Plus, why are you watching financial YT videos... oh, now I see, boglehead...

    • @angelcovarrubias3418
      @angelcovarrubias3418 Před měsícem

      @@Value-Investing " This channel is for those who want to do more than ok! " The salient point is that those who want to do more then okay are not outperforming a simple index ETF such as VOO/SPY/VTI.
      Ironically, the way to be average is to stock pick and try to clone Warren Buffett and the way to do more than ok is to index just like WB advises.

  • @davidkoba
    @davidkoba Před měsícem

    with the amount of money printing do you think that past data is inaccurate?

  • @RonaldRendite
    @RonaldRendite Před měsícem +1

    But please use the dow for your content.. The dow is a funny index yes but not representative for stock history.. U see what happens amazon salesforce apple everyone is talking about... Welcome to dow.. Amazon

  • @seva9375
    @seva9375 Před měsícem

    I don't really understand why you focus so much on dividend. For me it's also okay if the company does buybacks (if it's undevalued like Alibaba or JD) or if the company reinvest the earnings on a reasonable rate. I don't see how a dividend yield make me safer in my investing. Can you explain this in a video? Also I think you would gain some clients on your plattform if you would make a video in which you explain which books you have read and where you learned all your knowledge. Thank you for your work. I really like your charts

    • @Value-Investing
      @Value-Investing  Před měsícem

      here are some books. czcams.com/video/aoC5YdZq-UE/video.html
      P.S. I read all the books on investing...
      on dividends and buybacks, only a few stocks are cheap to justify buybacks and the two you mention are!

  • @peezpeez1317
    @peezpeez1317 Před měsícem +3

    It is very hard to predict the market. I think you should always monthly dip feed into the total market index on top of whatever strategies you want to pursue.

  • @NoMercy.62
    @NoMercy.62 Před měsícem +2

    ''What if Market Flat Next 20 Years?''
    what if the markets keep rising the next 20 years? you will underperform again..

    • @Value-Investing
      @Value-Investing  Před měsícem

      A - I have not underperformed any market out there in the last 20 years :-)
      B - it is possible, but not worth the risk!

    • @PeriMCS
      @PeriMCS Před měsícem +1

      What do you mean ​. You are. I'm your client.

  • @Leo-pd8ww
    @Leo-pd8ww Před měsícem

    I always wonder if showing charts with a logarithmic scale on the y-axis are a good representation of what I'm looking for. I assume most people know an exponential function on a logarithmic scale will show as a linear function. But I often assume wrong when it concerns knowledge of other people. I think you should have at least mentioned it. Some days ago I watched a video about how to know when a market crash is coming, and the theory was that before a crash the manner in which news is interpreted is skewed. Bad news is interpreted as good news and as a result stocks go up. Until a point is reached when bad news is interpreted as bad news and then the whole thing comes down. That is kind of in line with worsening fundamentals and stocks going up.

  • @TechPeeves
    @TechPeeves Před měsícem

    The DOW went up 700 points today and beat S & P and NASDAQ!
    What are your thoughts on this? Sign of the recession upcoming?

    • @Value-Investing
      @Value-Investing  Před měsícem

      good for the dow

    • @TechPeeves
      @TechPeeves Před měsícem

      @@Value-Investing haha! Is it an omen for the recession? Market is so weird with signs that never occurred since decades ago! Today, tech is down so much while DOW rises above!

  • @TheJoaninhaMendes
    @TheJoaninhaMendes Před měsícem

    Hi Sven, you talk many times about cyclical companies and commodity driven stocks.
    Could you have a look at BCC? It is a land and timber stock that I bought when I felt it was extremely undervalued some years ago... now, the stock price more than doubled but PE is still "low"... 11.
    Is this a case of a typical commodity play that you buy when PE is negative or very high? I like the fundamentals of the company and I bought because of it (good balancesheet, great FCF, low debt and selling at a decent price).
    I would love to see you doing a deep dive in this stock

  • @GionnyChannel
    @GionnyChannel Před měsícem +2

    Yeah a couple of chinese ideas would be nice

  • @mrx2062
    @mrx2062 Před měsícem

    There is only a flat market if valuation multiples fall in the same speed or faster than earnings grow.

  • @jonnes__4657
    @jonnes__4657 Před měsícem

    🗽 For these flat stonk-years we hold some gold... 🤨
    .

  • @austinollinger82
    @austinollinger82 Před měsícem +2

    Thanks Sven!

  • @afonsodeportugal
    @afonsodeportugal Před měsícem +1

    Thank you for another great video, Dr. !
    I would argue that, in regards to the 1952-1982 and 1964-1994 periods, we have an advantage over the people who lived back then, which is that today there are many ETFs that allow us betting against the market. I do understand, nonetheless, that going short on the market is not value investing, even if you use the same mental process to value the market as a whole.

  • @chrisapplebach4756
    @chrisapplebach4756 Před měsícem +4

    Best Channel on CZcams

  • @jodrhh
    @jodrhh Před měsícem +1

    WRONG. Stonks only go up!

  • @yusufozarslan1796
    @yusufozarslan1796 Před 12 dny

    Always buy , when panick hits short vix and long bonds.Things wont change😂

  • @jirojiro1029
    @jirojiro1029 Před měsícem +1

    The premise is incorrect. If the market is flat, you get no gain only if you invest in the SP500 ETF. You can still get a lot of gain investing in companies that has a lot of growth during that time, more than dividend or treasury

  • @RonaldRendite
    @RonaldRendite Před měsícem +1

    But please dont use the dow for your content.. The dow is a funny index yes, but not representative for stock history.. U see what happens amazon salesforce apple everyone is talking about... Welcome to dow.. Amazon has a high stock price yeah it should have more weight for future performance..
    With the s&p and dividends included u havent a much better picture, but better!

  • @domienvandijck9671
    @domienvandijck9671 Před měsícem +2

    Do a review on NN group: good div, low pe. I on it!

  • @fkeopfkeop
    @fkeopfkeop Před měsícem +3

    A pe shiller that high is a rare event, and hard to say with high confidence that the outcome will be that way.
    If you put it into China, your stocks may be confiscated.

    • @Value-Investing
      @Value-Investing  Před měsícem +2

      Confidence and investing would be a great topic!

    • @afonsodeportugal
      @afonsodeportugal Před měsícem +1

      @@Value-Investing Communism and investing would be a great topic too! 😁

  • @alessandroagnoletti5958
    @alessandroagnoletti5958 Před měsícem +1

    we have 11 years of rally yet to come before crash 😅

  • @8762kenten
    @8762kenten Před měsícem

    What about preferred shares trading below par and offering 8% dividends? PennyMac amber realty. JPM …

  • @mrx2062
    @mrx2062 Před měsícem +1

    A flat market is just a phrase or at best an observation. You should explain why the market is flat ? Lack of earnings growth ? Falling multiples overcompensating earnings growth ? Explain the mechanism behind the observable "flat market", then we can conclude what to do. You stay at the surface with your video, that does not exactly help our understanding. Do it like scientists: Observation-Explaining the mechanism as cause of the observation- conclusion.

    • @user-nt5vk1is9t
      @user-nt5vk1is9t Před měsícem

      Dude you need to read more investing books , start with intelligent investor

    • @Value-Investing
      @Value-Investing  Před měsícem

      I explained that in other videos, you have the links in the description of this video!

    • @mrx2062
      @mrx2062 Před měsícem

      @@user-nt5vk1is9t I am aware of the potential causes. I just say, the video is useless without discussing the causes, because you do not learn any applicable information based on which you can act.

  • @jasonalexander7089
    @jasonalexander7089 Před měsícem +3

    Market caps are just too high. US companies are worth more than entire countries now, but the companies don't have anything new to offer. How many gadgets in our iphones do we need? How many ai chatbots? In the end of the day, the inventions of the past 10 years have been a busy, and nothing like the telephone, automobile, and similar things

    • @jsedge2473
      @jsedge2473 Před měsícem

      The 2 have nothing to do with each other, they don't have to offer anything new to make money. Coke hasnt offered anything new since it's inception, coke is coke, however they still make a lot of money.
      The companies are worth more than countries because they have more money and power than some countries lol. A company like Meta or Google could completely destroy some countries from the inside out if they wanted to, one could argue they already have/do.

    • @Value-Investing
      @Value-Investing  Před měsícem

      good point!

    • @mjs28s
      @mjs28s Před měsícem

      "Market caps are just too high. US companies are worth more than entire countries now,"
      Ok, and....
      Many companies based in the USA that are worth more than entire countries are also selling products and goods around the globe while some of the smaller market cap countries aren't. Some are run by dictators that steal from their own people and keep them in poverty.
      Finally - those companies are literally generating huge amounts of revenue and creating wealth for millions of people (direct stock owners and holders of ETFs, mutual funds, pension plans etc that hold shares) while some countries just don't have a GDP that can rival some of the largest companies on the planet.
      There is also nothing wrong with huge companies as long as trade with them is not forced or coerced. Nobody forces you to buy an iPhone; Nvidia data center servers, gpus, AI hardware etc; Microsoft's games, Xbox units, their online office tools or other software, team / project management tools, etc.

  • @user-pl1pf1yk8k
    @user-pl1pf1yk8k Před měsícem

    Hi Sven, can you make a video about Cheer Holdings, it would be interesting for you and for the audience. I don't think you analyzed such a company before.

  • @ThomasHaberkorn
    @ThomasHaberkorn Před měsícem

    Please do a video on valuable European stocks

    • @Value-Investing
      @Value-Investing  Před měsícem

      Tell me a few! In a new comment please so I see it

    • @ThomasHaberkorn
      @ThomasHaberkorn Před měsícem

      @@Value-Investing
      AALB - AALBERTS, Industrial Machinery
      NOK - NOKIA, Telecom
      BAS - BASF, Chemical Industry
      TUI - TUI, Travel
      VOW3 - VOLKSWAGEN, Automotive Industry

  • @TemperedWambat
    @TemperedWambat Před měsícem +2

    Fear mongering

    • @Value-Investing
      @Value-Investing  Před měsícem

      value investing is about risk first, no matter whether you like it or not!

  • @Hrx84
    @Hrx84 Před měsícem +1

    We have different problem. People who stayed out of stocks or real estate last few years lost to much. They have only worthless money and treasuries which lost 2/3 of its value just in 5 years.

    • @Value-Investing
      @Value-Investing  Před měsícem

      yes, but there were opportunities to buy stocks cheap and RE with no risk in the last 5 years, sometimes you have to act!!!

  • @danienishanov738
    @danienishanov738 Před měsícem +1

    sometimes u read the questions in my mind and make a vid about it

  • @kashganja
    @kashganja Před měsícem

    skip etf and mag 6 or go flat for several years

  • @NOXkaz
    @NOXkaz Před měsícem +1

    Dividends, coupons, buybacks.

  • @user-zt4mw1ei3i
    @user-zt4mw1ei3i Před měsícem +1

    Bonds were good during petrodollar. That is coming to an end.

  • @MaxMustermann-yj1wz
    @MaxMustermann-yj1wz Před měsícem

    Look at real estate,nobody is buying now.
    Prices are down 25% and you are able to buy quality atm...

    • @augustus331
      @augustus331 Před měsícem +4

      Idk where you live but that’s not the case here in the Netherlands. Housing shortage is increasing and will keep on increasing no matter which timespan you use

    • @Value-Investing
      @Value-Investing  Před měsícem

      depends on the return you get, compared to the price, i.e. mortgage

    • @afonsodeportugal
      @afonsodeportugal Před měsícem +1

      @@augustus331 Same here in Portugal. No supply and increasing long-term demand.

    • @TheScaryGermanGuy
      @TheScaryGermanGuy Před měsícem +1

      Not here where I live either. Prices went down just a little bit but shortage (also caused by mass migration) keeps prices steady. And now that fewer homes are built because of higher interest rates shortage will increase even more. So yes, buy, but not because it is cheap. Buy because it will get even more expensive.

  • @ca_nou
    @ca_nou Před měsícem +3

    first

  • @Shounen_Mania
    @Shounen_Mania Před měsícem

    buy bitcoin

  • @Cleisthenes607
    @Cleisthenes607 Před měsícem

    Strongman personal finance made a good rebuttal to this video on how you can still make money in a flat market by dollar cost averaging, you're making some assumptions that won't hold for most working people who constantly buying like clockwork.

    • @Value-Investing
      @Value-Investing  Před měsícem

      yes, you can still make money, nothing wrong with it, but few will do it...

  • @RonaldRendite
    @RonaldRendite Před měsícem +1

    But please use the dow for your content.. The dow is a funny index yes but not representative for stock history.. U see what happens amazon salesforce apple everyone is talking about... Welcome to dow.. Amazon

  • @RonaldRendite
    @RonaldRendite Před měsícem +1

    But please use the dow for your content.. The dow is a funny index yes but not representative for stock history.. U see what happens amazon salesforce apple everyone is talking about... Welcome to dow.. Amazon

  • @RonaldRendite
    @RonaldRendite Před měsícem +1

    But please use the dow for your content.. The dow is a funny index yes but not representative for stock history.. U see what happens amazon salesforce apple everyone is talking about... Welcome to dow.. Amazon