Charlie Munger’s Final Warning for Investors in 2024
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- čas přidán 13. 06. 2024
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Charlie Munger is warning stock market investors that investing in 2024 is going to be tough. In a recent interview, the Berkshire Hathaway Vice Chairman explained the difficulties of value investing during a period of high interest rates, and also how we can overcome them...
Acquired Podcast (Full Interview): • Charlie Munger (Audio)
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★ ★ CONTENTS ★ ★
0:00 Charlie Munger's Warning for Investors
5:44 What Can Investors Do About It?
8:45 The Art of Betting Heavily
10:15 Why Berkshire Bought Apple
12:10 Berkshire's Big Bet on an Infinite Money Glitch
14:12 Finding Killer Opportunities
Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
Contact email: hello@newmoney.contact
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Once again, thanks to Skillshare for sponsoring this video. Remember, right now, the first 500 people to click my link will get a 1 month free trial of Skillshare' skl.sh/newmoney11231
Skillshare is a con job to get you locked into a membership
The best investment is trusting in Jesus Christ as our savior from sin and hell.
It’s no joke.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
MEGHAN MAUREEN KRISTENSEN is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
SCAM IS A SCAM!
*To my understanding, success depends on the right steps and actions you take.* I started investing in 2020 and have so far achieved financial success. It feels so good to be here! 🎉
Although CZcams has been of great help, I feel most people understand better with a mentor guiding them. Most successful people seek help from professionals thus their success but many claim to have achieved success themselves.
Getting started can be difficult but seeking guidance from a CFP can lead to financial success. Personally, with the help of my CFP, I've been involved in lucrative projects and have accumulated a significant sum. In 2024, seeking help is definitely the right approach towards wealth accumulation and management.
I have been in search for ways to make my money work hard for me. Unfortunately, I've experienced several failed attempts, which made me lose hope. However, reading your comment has truly reignited the fire within me, and I feel incredibly grateful. If you don't mind, how can I contact your Coach ?
For more info on my finance coach, you can look up the full names below.
*DONALD NATHAN SCOTT.*
With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.
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
True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Thank you! I checked out Natalie's credentials on her website and it seems quite good! Hopefully, she's taking in fresh applicants because I sent her an email.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach 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
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Scam
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Carol Pasol Lewis is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
If you are confused, it is probably best to do nothing until after the fog clears and you can see where you are going.
I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Do you have a financial expert you can recommend? I am serious and want to get this done before this month ends. I have all I need except for the expert to assist me. I am a very busy person.
I searched her complete name Leticia Zavala Perkins, I found her web page. I am writing her right away. Thanks.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Worries about a potential recession and banking system instability have weakened my investment confidence. I aim to reallocate my $2 million portfolio. What's the most effective strategy to hedge my portfolio and generate profits?
Considering diversification is excellent. Now might be a good time to consult a financial advis0r for expert advice and seize opportunities in this volatile market.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
“Vivian Louise Dehoff’’’ You can easily look her up, she has years of financiaI market experience.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my financial-advsor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
@@mariaguerrero08Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
I'm guided by *Camille Alicia Garcia* an experienced coach with extensive financial market knowledge. She offers valuable insights, including entry and exit points for the securities I concentrate on.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the advice of my financial planner who has helped me gain $985k in a well-diversified portfolio that has experienced exponential growth
I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Thank you. I just checked her out now 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.
The market has been a turmoil since covid, the brief relief rallied for only a year and now the devastating effects of pumping trillions into the economy is here and will be for a while.
The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.
Stay in the mrkt and sell only if you need those funds. I got laid off and it has been difficult getting another source of income, glad I was investing when I did and of course with guidannce from a wealth-manager don’t listen to naysayers. I am making bank and the penalties for drawing from 401k to reinvest are nothing compared to the amount of wealth I now possess with my family.
I have seen a lot about FAs and actually want to consult some pro. How did you go about it? Is yours any good?
MONICA MARY STRIGLE, advanced lady in her 40s and professional, reserach if you care for supervision.
Impressive, I took a look at your advisr. I set up an appointment. I’m looking forward to her reply, I hope she sees my message.
For the newbies trying to make a mil in 2024, if i were you I'd add HRZN to my list. Also add MAIN, O, STAG, & PFLT in your monthly account, plus a couple of CEFs. Personally I put down 1.3m$ on few ETFs, still diversifying. This is Q4 definitely earning season, it was this time last year I made my first million with a liquid 200k. Invested it in a trader here in CA, I get weekly pay out which I invest back on long term ETF's. According to my IA Google will be a huge buy for me when the market bottoms haha, emphasis on the WHEN
i'm 50 and aspiring to retire soon. Would you agree that google is coming down very soon and buying then would be a smart approach to increasing my profit in the long run? and also would you say that investing with an IA is the best way to go since i have a full time job i'm already commited to right now?
I totally agree; I recently retired at the age of 40 and had about $1,250,000 in external retirement assets. In comparison to the whole value of my portfolio during the last year, I have relatively little money in retirement accounts and i'm debt free. The IA can only be disregarded, not rejected, to be really honest. Simply take the necessary steps to choose a good one
I just started buying stocks, and I have no problem making large investments. I want to create a portfolio similar to this one. I'm keen to invest; does your counsel deal with novices as well? If so, could you please recommend me?
Sure, I work with Emily Lois Parker. She’s the best CFA in the market. Look her up
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.
Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining even in a bulll market.
Credits to *Kaitlin Rose Sternberg* one of the best portfolio manager;s out there. she;s well known, you should check her out.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Investors take on higher-risk investments or speculate on market outcomes in hopes of achieving higher returns. This approach can lead to fluctuations in their retirement savings, as market conditions can be unpredictable. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.
The stock market will fall further, and the Fed will be forced to pause rate hikes due to its hawkishness, which has failed to keep up with inflation.
Sell only when necessary to maintain your position in the market. I was laid off and it has been difficult to find another source of income; I'm pleased I invested when I did and, of course, with the guidance of a wealth manager, don't listen to naysayers. I'm producing money, and the penalties for withdrawing from my 401k to reinvest are insignificant in comparison to the amount of wealth I currently have with my family.
@@ThomasHeintz
I have seen a lot about FAs and actually want to consult some pro. How did you go about it? Is yours any good?
Laura Marie Ray, an experienced woman in her forties and a professional, is available for research if you require supervision.
@@ThomasHeintz Amazing, I looked over your advice. I scheduled a meeting. I eagerly await her response and hope she receives my letter.
Thanks for watching, everyone! Remember right now, the first 500 people to click this link will get a 1 month free trial of Skillshare skl.sh/newmoney11231
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial CZcamsrs, quite devastating!
not their fault, the stock market seems to be more of a casino for gamblers now than a place for investors. even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
True, proper asset allocation is critical. Furthermore, some folk employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns. How else is this achievable except through expert guidance? So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.
Could you kindly elaborate on the advisor's background and qualifications?
'Vivian Carol Gioia' deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
To enhance our long-term investment mix, my partner and I are introducing a range of stocks and ETFs. We've committed $220k initially, with a particular emphasis on inflation-protected bonds and businesses demonstrating robust cash flows. I see potential for enduring growth in the current market, yet I'm also keen to explore strategies for generating short-term gains.
While the current market offers short-term profit potential, it's crucial to note that executing such a strategy requires expertise and skill.
Could you kindly leave your investment advisor's contact information here? I absolutely must have one.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Although my dividends are from reputable companies, this year has seen a stall. I would greatly appreciate any advice on how to increase the $500k that is currently sitting in my reserve.
For a Joe, a regular player, the strategy is pretty tough.
In fact, these trades are mostly successful by professionals who have good skills/knowledge to execute such trades.
I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on business week, who restructured my portfolio and over the last couple years, I've made over $850k from initially $210K
Nycole Christina Vannata is my portfolio-coach; I discovered her on Bloomberg, where she was featured, and I looked her up on the internet. Fortunately, I discovered her website and contacted her; you can verify her yourself.
I found her outstanding and excellent resume when I made a research of her full names online. I count it a gift that I went over this remark.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
@@StephanieK.Andersonthe market is profiting if you are using a good broker or account manager to help out with trades or provide signals
Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5
I agree with you! With her help, I diversified my 450k portfolio among different markets. During this bearish market period, I was able to produce a net profit of little over $1 million from high dividend yield stocks, ETFs and equity. However, the reality is that you cannot do it without a tried-and-true trading coach like Kimberly Kent
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a-lot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. Pamela Kay Regel is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Gotta respect Munger for realising, that it's not as easy as it was 60 years ago
A lot of older wealthy individuals falsely believe they'd make it in today's climate just as easily as they did back in the day
Yes, and no. It depends on who you are talking to. I remember my grandfather having nothing to go on but stock prices, some basic metrics and reading the paper. I believe things are much easier for retail investors while being more difficult for guys like Munger. The access to information and things like ETFs cannot be understated in importance.
It's not yes and no. it's just yes. It's objectively harder to make money. It may have been harder to access back then compared to now, but that's a reason why it's more difficult now.@@jamiemiller6156
Human nature remains the same, and the internet allows stupid people to share stupid opinions that proliferate. The market is still really easy. If you want a lead, look at fixed income, utilities and real estate right now.
@@jamiemiller6156Completely disagree, the increased professionalisation of markets with literally thousands of PHDs pricing in everything you could and could not even possibly imagine makes it literally next to impossible to find any form of systematic alpha as easy as they could do it in the day
@@KO-gj9ug I certainly hope you don't mean my comment. It is a fact that it was easier to exponentially develop wealth in the investment world before globalisation homogenised everything. Saying otherwise is just moronic.
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $610k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Fiduciary counselors have access to exclusive information and data sources that aren't available to the broader public. By heeding the guidance of my fiduciary counselor ,Aileen Gertrude Tippy I managed to generate earnings exceeding $820,000 during the third and fourth quarters of 2022. I have high expectations for continued success.
I just looked up Aileen online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
Stocks have stayed aloft as signs of cooler inflation encouraged the market to believe the Fed is finally done with raising rates, Making Investors like me believe that “Santa has come early” to markets to find out the best additions to a $500K portfolio to boost performance
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.
'Monica Selena Park' deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend exploring her work and locate her online if you are internet-savvy
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, is approximately 10%
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $610k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
My CFA ’Aileen Gertrude Tippy , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
Well, 2024 is in a month and things are not improving. I'm looking at high-yield dividend stocks. Selling 200k worth of equities is stupid without reinvesting it. I might turn to cash soon if I don't invest it. Any particulars?
Don't get any ideas. If I were you, I would bother less and buy gold and bitcoin. There are more institutional investors in long bonds than individuals and they are all relinquishing their long term holdings.
I agree, while higher interest rates increase bond yields, they also hurt long-term bondholders who can't wait for their bonds to mature. IMO You are better off for next 5 years by buying the dip now.
These institutions want to hold your money for the longest in the worst bond bear market in history. Do not subscribe. Look for alternatives to keep passive income coming. I think the commodities market is looking good, but consult with a planner like I do before putting your money into these markets.
√What other alternatives have you tried that bring you passive income?
I can’t believe that while you posted this video today, today is the day this great man has left us. His words of wisdom will always be with us. Thank you Charlie for everything you have done and how you have inspired many of us. May god bless your sole One of the greatest mentor
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
Hi , please who is the expert assisting you and how do I reach out to them?
Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing
One of your best episodes so far. Excellent job!
I really like the summary thank you. I will save this to rewatch.
Great content!
A lot of input!
Patience is the key!
Thanks Michael!
no having cash is the key, no cash no game
The video is mostly wrong.
The core reason it’s harder to find good investments these days is the immense increase in wealth inequality in recent decades. When most of society’s money is in the hands of people who have already bought everything they want, there is far more money sloshing around the stock and bond markets, driving up valuations to… questionable… levels.
"thats the secret sauce: staying patient and waiting for that golden opportunity" Words i needed to hear! Waiting for that right opportunity but feeling FOMO as S&P starts climbing back to all time highs... but needed that reminder!
As a retail investor , how can i diversify my market reserve worth of $150.000 ?
i suggest you look our for a licensed FA, you'll definitely see a great result , i do same.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@VanPelt54u7fcyde57 Please, could you recommend the FA you work with? I could really use some help right now.
Big Credits to ''Monica Amanda McClure'' she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Sharon has been a good guide through the year.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Your videos are amazing bro, thank you and keep up the good work
Thank you. I really look forward to your videos!
Thanks for watching!
Your vids are better than business school- thank you.
Although it really became the last warning,he is legend.Rest In Peace.
Excellent video. Thank you!
I swear that this guy is creating 200 videos out of one other single video with CM and WB
Thanks for this video.
Such a killer video - you’ve got a new sub here!
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
More than anything these two gentlemen have passion. At their age it's not about the money as in 'getting rich' to splash (probably never was) , but to become amazing players at a game, probably the best. They still got fire in them, they must are having soooo much fun and that's the best part. Kudos gentlemen, you rock!
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
I quote > "but to become amazing players at a game, probably the best" /// it is a game, and in common with other games it has its giants., With billions beyond their capacity to ever spend I think it unlikey they are in the game for the money?
Thanks mate appreciated
I'm obviously getting more familiar with the finance and Investing community than I thought. I saw your jumper and thought "Ha! He's wearing a Rask hoodie!"
Thanks for your vids, mate. I love your level-headed approach to money and investing.... It's nice to have access to channels like yours that aren't just clickbait, bright lights and loud music with "experts" just selling their bullshit.
I'm wondering whether selling options could be a good opportunity in the current market conditions.
Awesome thank you for summoning it up
Just searched her name and her website popped up immediately, interesting stuff so far, about to book a call with her, I'll keep you updated on how it goes. Thanks so much!
Thank you for your advice, achieved financial freedom in 2023, thank God lost the extra weight it was wearing me down (Eating lest fast foods because of my stressful Entrepreneur's business) its really so to the point been grounded. Been in touch with nature; $$$ money is not a problem for 2024 but Love your idea about the balance and assessing once's life....been just Grateful (Gratitude is the best Attitude and if you can reach it just change your Latitude: Take a vacation or just go into Nature to be recenter yourself and be Humble).
There are considerable differences between "value" investing, "growth" investing and "momentum" investing. I am a pretty useless investor, except that over the last 40 years I have an average compound growth of over 13.25%. My portfolio has ALWAYS been constructed for capital growth. The difference is that nowadays I have increased the level of risk I am prepared to take.
Why have I set it to HIGH? Very simply that my investment needs to look after me for the next 30 years once I retire, which I plan to do in the next couple of years. Yes, some holdings throw off dividends, but most do not. Yes, there are some holdings where I am underwater. The difference these days is that I no longer can add much in the way of capital to my account that will make any substantial difference to growth.
great interview
Unreal how sharp this guy is at his age, mind blowing really.
Excellent comentary, and true.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@ClaytonPaterson-uu6kh I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Thank you. I just checked her out now 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.
We will miss u Charlie, Rest In Peace.🌹
Here’s one thing people needs to recognize, people trying to make a quick unsustainable stressful buck or invest?
Low cost Index funds .3% expense ratio or less, 529, hsa, solo 401k, ira, all things that should just be opened because after 15 years an open 529 is eligible to transfer unused funds into an ira(Roth). It is true that stocks are still inflated, coming down, if the fed cuts rates they will assure a crash in 2024/2025. Increasing rates will suck out stock values. Remember stocks are only worth a penny creating a c Corp or trust etc. before their IPO’s.
Also Warrants and rich guys like Warren buffet receiving special treatment for both should be illegal. I can’t ask a company to decrease their share value nor ask sec to keep things private
I am 46 years from Bangalore. Right now I am seriously considering retiring in next 2-4 years (both my kids will be in college in next 2 years). As on today I am able to cover all my expenses by the returns on my investment. Out of my total investments, I have ~30% in MFs/Stock market, ~20% in Real Estate (Apartments), 10% in Gold, 30% in FDs/Bonds and 10% in Cash/Cash equivalent (yet to be invested)... I have stopped paying for Life Insurance but have comprehensive health insurance coverage. I may have to dip into my investments in next 5-10 years for my Kids college education completion and want to continue working while checking that all my expenses are covered for next 2-3 years with my current savings only. That will be my trigger for retirement. Any suggestions from the friends out there, to help me plan my retirement better..
The right time to retire is when you no longer wish to work for a living AND you ARE POSITIVE that you can afford it.
But remember, if you leave your job without sufficient resources, you are not retired, you are unemployed.
Today retirement does not mean stopping all work. Many people who are retiring early are just using their time now to lead a slow life, follow a passion and most importantly become owners of their time.
@@RoseHouston Thanks for clearing up the retirement state. There is an important step before that state which is financial independence. That should be a goal for everyone. After that work is optional which can be called retirement.
For a successful long-term strategy, I recommend you seek the guidiance of a coach, Who will advise you how to buy stocks with market-beating yields and shares that at least keep pace with the market for a long term.
absolutely! Retirement is 99% frame of mind! Because if we really wanted to be free, we would do whatever it takes to get there.
Almost certainly the most important finance video I've ever watched, at 80 years of age: I've "thought-through" and intellectually resolved many/most things; but the Internet is still relatively new in the financial world, the bottom line is that event traders; that is to say people who leap powerfully onto those too few very exceptional opportunities include Warren Buffett and Charlie Munger...........I feel my own thinking very much endorsed.........../ Thank you "new money team", subscribed long long ago........
If you’re a retail investor, don’t over diversify, you only have so much money so really focus your dollars. For me personally that’s TSLA MSFT SOFI PYPL 🤙 cheers.
@@codechartreuseat least paypal is at intrinsic value. Would purchase again at mid 40s
@@codechartreuseTSLA is overvalued but I don’t see the market correcting that anytime soon. My strategy is to let it build to a certain point, sell some, and move the money to something more long-term. At this point I cannot lose more than my initial investment, so I’m fine with the balloon popping eventually.
your best vid by far!!! please more like this
Thank you!
I love how the breadth of youtube content idolize Berkshire and in the whole video he explains the issues you have in the wild west of todays current stock market
Ouch, this was literally the final warning. RIP Charlie 😢
I like your channel and your focus on value investing. I do think there is a paradox, or at least from my perspective, missing piece in your presentation. Real investment opportunities for wealth are rare, yet to learn to identify them, and act on them is to develop a set of intellectual and action skills which is done by doing some thing frequently. These are areas worthy of investigation.
Great video! Fantastic value for those who are passionate about value investing.
I truly believe opportunities still exist. Sometimes. Meta just recently was 90$, PE 10 or something.
Spot on. PYPL is similar deep value right now. Might have already bottomed. TROW and HPQ as well. INTC was *just* there recently.
This is not investment advice. Do your own DD.
Charlie died yesterday aged 99. Thanks Charlie.
Great video.
Thank you Mike!
Have to increase own business’ earning potential to offset to funnel cash from own energy into portfolio
Very good!
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Time in the market is better than timing the market
I do a mix between DCA and value investing, whilst keeping the portfolio small. Anyone following the same approach? :)
When people are only focusing on numbers most like the current number named to be the prime lending rate without looking at which basic necessisites are becoming over priced and which products and services are not overpriced at the same time then it becomes impossible for them to adapt to the shifting investment climate which is like Charlie Munger is saying will not be healthy sometimes. Life is unpredictable. Investing in ourselves including making time for people who are practicing the same faith that we are remains most important.
What's with the bot comments on every video? I've seen this on multiple investing channels.
Would love to see your stock portfolio. We are all curious 🤔！ much love from China
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
All the best opportunities are not publicly listed.
Private capital is a very dangerous honeypot best played with using UPM.
I think it's a stretch to say Charlie's warning had anything to do with interest rates. You're initial proposition is spot on. ~Also - why not link the podcast in the description?~ Erp, you did do this, nice.
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Did I miss the alarming bit?
I miss that O.G. Charlie. Wishing the Munger family a healthy happy life.
Buffett and Munger started their careers after the Great Depression, when no one wanted to be in the stock market. Today, everyone with a 401k is in stocks. We’ll see a big sustained correction over many years until everyone hates the stock market once more. We are ovesaturated
When all of that dumb money playing stocks like Ponzi schemes (Tesla, bitcoin) exits en masse, we’re going to see a massive correction and shuffling of the corporate superpowers.
Index funds have changed things. I don’t think the cycles will be as deep as they used to be.
@@Dr.Dumpnpump My thoughts exactly. A lot of people are in index funds and that will keep the markets from being so volatile. But my views are that will make the mega caps like apple consistently expensive while the small caps like now are so cheap
So the key is wait for the next downturn and be ready to buy up, a lot!
R.I.P. Charly!!! ❤🙁🥲
How is the punch cards, and this patience, not timing the market?
Is it harder in different countries 🤔 ❓️
Hey - is that the fish from Mario bros. ?!
Most people will find it very hard to be that patient including myself some of my biggest mistakes have either been selling too soon because the investment did nothing for a year or two or buying something because of the need to do something despite being unsure
Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.
I missed the part where Charlie gives the final warning about the crash in 2024
I would advise the US stock investors to invest in Indian stock market since US stock market is now being more tandom to FED rates so its quite dodgy and erratic technicals happening daily up and down where the basic fundamentals of support and resistance might see a different approach. Its very choppy and difficult and its better always to not gamble save capital than letting the casino win
Im a simple man, i see clickbait, i dislike it to the ground.
You have the best shows. I can relate to it and learn something new.
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
If you know how ratios and sector rotation work there are still plenty of opportunities in the markets
Lol, ok
@@pauls064 something funny about that?
And yet stocks are rallying to new ATH despite the interest rate.
Honestly, I have been investing for a good 10 years now and can't say I am an expert by any stretch of the imagination, but investing in general has become easier in my opinion. I'll give you the reason for it... Because mainstream opinions get pushed harder and harder nowadays it is way easier to invest as a contrarian. Back in 2020 when the oil futures went -$40 because nobody wanted to take delivery all the oil majors were thrown out and left for dead by the majority of investors. Nobody was wanting to risk any money on it. That was the ultimate sign to start investing in anything oil related. I did accumulate stocks in oil companies for 2 years after that, and I have made good money on it.
If everybody is saying the same thing, someone isn't thinking... So be the one that thinks rationally and don't believe all the BS the mainstream media is feeding you; put your money where nobody wants to put it anymore and sit back and wait for the cash to come flowing in!
The next great thing you might want to invest in is mining; with all those wet green dreams you're gonna need lots of dirty work to be done underground to extract those resources... I invest in copper and silver mines; both industrial metals that are needed in large quantities if they really want everything electric
I mean even with Buffets return over the years like 20% annualized return we cannot make huge because of our limited capital. Lets say I can invest 200K in market - it will fetch me 1.2M in 10 years if I am as successful as Buffet and just 7M in 20 years. In reality it will be lesser return than that. So game is not just about investing right, it's much more than that :).
Idk.. like the Babe Ruth of investing. GOAT of the age, but it's a different game now
When home construction stocks go gangbusters with rising interest rates- wtf
My ancestors during the gold rushes sold pants to gold miners.
Are you selling pants to AI programmers?
Charlie has got it a bit wrong here. The goal is no to outsmart other investors, it's not outsmarting yourself and the biggest limiting factor to success in the market will always be keeping your emotions in check and not making dumb decisions based on those emotions.
You still have to outsmart the other investors to make a return…
That was the dumbest thing I have ever heard.
Retail investors are very lucky to succeed in a world of big institutions manipulating and shorting with almost unlimited funds. You need to be a contrarian and avoid crowded trades like the plague and time the market by waiting patiently for your entry point.
RIP, Legend.