Saving vs Investing
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- čas přidán 25. 10. 2022
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thank you!
what about td ameritrade?
Does this app work in India
@@snehasiwach940 yes
I like to invest in the stock market and I live United States but I don’t have a Social Security number, I do have an ITN number there’s any applications that would take an ITN ? , thank you for your videos I have learned a lot 😊
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas
At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Who is this your FA I am in need of one urgently
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
ETF for S&P500 or total stock market index are the usual go to if you have time till retirement. Invest more into bonds if you have less
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
It's impressive how much you saved during your working years, a feat not many achieve in a lifetime. Now that you're retired and rely on your investments, it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
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.
As an lnvestment enthusiast, I often wonder how top level investors are able to become millionaires off investing. . 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?.
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
Who is this your FA I am in need of one urgently
*Rachel Sarah Parrish* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
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.
Don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!
My advice: to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and I'm proud of last year's decisions.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $3 million portfolio.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Kristin Amber Landis" for years and highly recommend her. See if she meets your criteria.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
*“How To Acquire Wealth”*
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.
For more lnfo
Elizabeth Green Hunts
l’m amazed to partake on this, lt has rekindled the fire to my goals.
Don’t listen to this. You need to have some liquid cash in event of an emergency and you don’t want to be dealing with capital gains in the event that you need that cash right then. What I would say to do is to get six months worth of expenses into a savings account. I.e. if your expenses are $2000 a month start working on getting $12,000 in a savings account. Have this as your absolute savings then once you hit that point save 10% of your income into a separate bucket. Only replenish your absolute savings if you have to dip into it other than that, let it just sit and grow as your expenses increase, then steadily increase that number in the savings account.
That's what I did. I have $14k in cash saved for a n entire year of emergency expenses that'll cover my rent should I end up disabled and have to wait for disability to kick in. 3yrs ago I started investing $1100m and my account has returned WELL OVER 8%. It also helps I get free advising from an ACTUAL REGISTERED CPA Investor that happens to be a childhood friend. Not a CZcamsr who copies off others. But my account is sitting at ALMOST 6 figures in just 3yrs. And I've made tons of gains even in a crippling market. In 10yrs, I plan to start paying myself a 35k year additional salary from my investment on top of my salary from work. But I'm still going to put money back in to my investment until retirement I'm 30yrs.
Bro 0.02% wtf is that, I'm getting 3.51% in my savings account right now which really isn't bad when the stock market could well crash soon💀
How and what bank
It’s already half crashed lol it’s just
You know the stock market is people. Saying it will crash is like saying everyone everywhere would exit.
Your bank could liquidate too.
Plus your 3.5% a year is still not good enough. There are several ways to make your money work for you
Bro that’s so good wtf
I get 6 % intrest lol I also invest some
Biggest lesson i learnt in 2022/23 in the trading market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... It took me 5 years to stop trying to predict what about to happen in market based on charts studying, because you never know not having a mentor cost me 5 years of pain I learn to go were the market is wanting to go through the help of my advisor and keep it simple with discipline.
@@maryHenokNft I'd be glad to get the help of one, but just how can one spot a reputable one? How did you spot this adviser
Definitely! All of this happened in less than a year after *Camille Alicia Garcia* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.
They still need an emergency fund.
Saving and investing are two steps to self-love. With as little as
$5, you can start
building a financially secure future. Remember money is never enough.
But also that dollars value goes down more than .05% so the number may look bigger by $5 but it’s worth less than it was.
Completely depends on what you need the $10k for. If it’s your emergency fund it’s a terrible idea to put it into the stock market. If you’re saving for a down payment for a house it’s probably a better idea to keep it in the bank in order to avoid potential losses and to show a good savings record. You should only put it into the stock market if you don’t need it for at least 5 years and you’re comfortable with the possibility of it losing value
my hot take is put at most 5K in stock.
then put 5K in Obligations at 5 years.
Obigation are Protected (until a insane number) meaning if the bank fails you will still get money and if thats not posible well money is the least of your problem as money have become useless anyway.
oh and the Obligation have a set intrest rate).
its not a lot more then inflation but its garanty that you have at least as much buying power as when you put it in.
Stocks are a gamble, and whit todays market I would not put any money in that im not 100% comftible lossing.
Whos comfortable losing 10K in thin air??
You do not need a good savings record for houses, I just paid 650,000 for one and I’ve never put it in savings
0.2% per year bro we get an average of 15% per year💀
Everybody’s gangsta till the stock market crashes 💀
Exactly what I was going to say 🤣🤣
Just don't invest more than you can afford, then you can leave the money in stocks, it will.always recover if you buy good companies.
Invest in the s&p 500. Even if the market crashes, it will recover
@@cfcolly uhh i think you meant "invest" not "incest"...
@@Nineize you forgot the 🤓:
@@Azriel_MR Suicide
I remember having a consultation with a financial analyst last August, and it was incredibly insightful. Can’t stress enough how helpful experts in this field are!
As long as you diversify your portfolio, any single stock or investment that you own shouldn’t have too much of an impact on your overall return. If it does, diversifying might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding me profit with pro guidance from Jonas W. Herman.
@@Vikturneer
That’s awesome! I’ve been contemplating hiring one since I can’t get a hang of investing even after buying courses. I’d like a discussion with him. Any means to reach him?
Sure,
Hermanw jonas (a g mal comm
Thanks for the advice, both of you. It’s reassuring to hear positive experiences.
I feel more confident about moving forward with Jonas now. I just shot him a mail. Thanks for sharing your experiences!
Bit comment section
How do we invest if we cant deposit money in the bank😂😂😂
I will never trust anyone who has a sponsor in there video.
I have a new platform . that is not like that .that is do task and invite peple. simple and easy if you want to know about this platform you can ask me
In 5 years you will have $10,005.00. And due to inflation it will feel like about $7,500.00. The US dollar drops about 4% on value every year so holding $100 US dollars for one year in a savings account basically turns it into $96.
Stocks are great but I think everyone should have a small emergency fund that can help quick quell any shortcoming
Wells Fargo: “we already have 6 accounts we opened for you, which one should we put it in?”
Hahahaha
hahahah fr and all together still less than 1%
😂😂
*I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.*
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of *$500k* in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
The adviser I'm in touch with is *'Donald Nathan Scott'* He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
What differentiates the poor from the rich is what both do with the information they get. While the poor doubt almost all the information they find, the rich get richer by doing things that the poor did not do when they got information. For financial success and investing, always work with a financial advisor who is ready to help you succeed.
@@christinabecker5495 BOT
Wow that is great! Good job!
the smart person, working at the bank, would keep his mouth shut if he wanted to keep his job
😂that’s why it’s a skit though
@@meredithfraser8080 I'm not an idiot, but it's true
@@yitraboom I agree 😂
@@meredithfraser8080 you might as well change your name to "meredith Fraser😂" with how often you use that emoji
@@yitraboom lol I’m so close to using it again here but I’ll opt for this instead 😅
Inflation:"I am about to end this man's whole career."
There is nothing wrong with having some emergency cash on savings account that is immediately available if necessary.
As a South African, our rates are actually insane, we can get 10% interest in a savings account, as long as the balance is above $55k and with a fixed deposit of 5 years it goes up to about 12%
Yes, because ur money or currency is losing value, so thats why ur country hv such high interest rate
I used to work at a investment firm and it was shocking to me that so many people used the term savings when they were referring to their investments. Great video on explaining the difference.
I wish they would post that this is a "PAID Advertisement"
Left side of video says it includes a paid promotion
$10,000 in the bank is more liquid than $10,000 in the stock market 🗿🗿
True, but even super conservative investment portfolios, which will still grand you a lot of liquidity, will yield much higher returns than a savings account
Do you want to invest I will direct you to the company that help me to invest
@@MembrilaTeresawhich is?
4.7% at Fidelity. Poppy Bank is 5% but then you have to say your bank is Poppy bank
Fastest way to blow your 10K in a few days
Come party with me and I'll show you the fastest way to blow 10K
@@mandc20022 lol
@@mandc20022one 'for' in that sentence is all i need to hear
I'd invest in bonds if I wanted something similar to a savings account. Stock market returns aren't guaranteed
I have a new platform . that is not like that .that is do task and invite peple. simple and easy .if you want to know about this platform you can ask me
Do you want to invest I will direct you to the company that help me to invest
Insightful as always! 🤓
Maybe if you bought a mutual fund. But if you put the whole $10,000 in one stock, and the company went bancrupt, you could LOSE everything.
Let’s be honest though no bank offers that low an interest rate though and banks are FDIC insured. And yes, I save and invest (Vanguard index funds, Robinhood, real estate, etc.)
I’m 11 and I started investing at the age of 9 it works well
I THink Buying gold is better idea than investing in stock market.
Easier said then done. You have to know how the stock market work and know who to invest or you end of losing money.
You should just into an ETF and profit of of compounding interest, but still an emergency bank account is always good to have
I mean it's basically like a bonus when you actually if you know how the stock market works the better you know the market the more you are (probably) going to add to your income / net worth
@@unk4617 the problem whit the stock market is that from I report I read years ago.
90% of the stock market portfolios had made no money or lost money (whit made no money it had made less then 1% per year, inflation have been 2-3% per year or so so even if you made 1.5% per year and counted as made money you still lost buying power.
and letting a pro do it repeatedly peaple had done stuff like having a cat decide what stock to buy and sell.
and done better then the pro.
This was a great video!
Yes I believe saving for a better investment is a great step to financial success and to achieve your goals. I'm glad am half way to my goals:) 👏
Great words I'm very much interested about this saving and having my money grow
Best advice of the year yet!
You've made so much point here. Saving a day off work is the best step to financial success. I would really love to get started investing
@@brunoferrum1060 yes it's been helpful to my general income. I make about extra 2k weekly from my investment profits
wow that's awesome I'm really excited about this you're making quite a fortune, How do I get started?
@@brunoferrum1060 There's a lot of investing options real estate, cr ypto, ETFS, stocks but my best advice get a professional lead you into profitable one that's exactly what I did
I'm here to learn more about investing after listening to a guy over the air talk about the importance of investing and how he made $325,000 in 4months from $140,000 startup. This video somehow has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Investing in crypto and stocks is a good idea, a good system would put you through many days of success
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I trade with Expert Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
I earn over $10,650 weekly and often time more. It really does depend on your Capital and I only send her a commission of 20% after I have made my profit withdrawer. She doesn't demand for a service charge either
Canadian banks offer 1.4% on savings accounts and also offer tax free savings accounts that citizens can contribute to. Those accounts can hold anything from cash to guaranteed investments to mutual funds.
As you buy the stock and resale you must know and predict the price to move up with speed. If the price move up in speed lost momentum quick. You know the price will move down quick speed it possible go beyond 50% drop. While you look for 3 points or 30 points gain or between. Never listen to the promoter that you lost your saving.
You could also lose half that money in the stock market. Put it in a HYSA. 3.5% APY right now.
Daniel is so helpful
No bank is giving .02 percent. Ally gives 4% Pnc gives 3.5%
Still some terrible returns
To keep the bank on board, recommend the banks stock
Shameless promo for an affiliate link.
Generally, you should have the equivalent of 3-6 months of unavoidable expenses (things like rent, utilities, groceries, etc) in a 100% liquid account, like a savings account, before you start worrying about investing
Yeah but deposit in the bank first then transfer it to the stock app
To all those talking about how the stock market is down, that means it's the best time right now to invest, and if u just wait long enough, it'll go back up and you'll make a lot of money. It's all a matter of having enough disposable income that you could invest that money and not need it for several years
Facts and now there are easier ways to do it.
You can get much, much better interest on your savings unless you're saving euros or Swiss francs.
The US dollar still has some okay interest, but there's an even better trick: 13 countries peg their currencies to the US dollar - convert to one of those currencies, earn higher interest on that currency, and then convert back when you need it.
Of course, you can maximise your interest by just going with a high-interest currency, but that introduces quite a bit of exchange rate risk.
I'm not against stocks, but just saying there are other options for term deposits.
My man aint even talking bout secondary corperate bond markets
🔥🥵
@@DanielIles what are those emojis my guy?
@@ToffeeTheRabbit they are the 🔥 emoji and the 🥵 emoji
Hope this helped 🤗
@@yitraboom it didnt help, i mean the comment was weird
@@ToffeeTheRabbit oh I knew that
I was joking and it flew right over your head
Right now I’d do a CD for 12 months for 5%
Right
Bingo. I didn't start earning money until I invested
Each point equal 1.00 dollars. As the later investors there are holders dominating they want your monies from the late holders and buyers.
The smart guy at the beginning makes it sound like it’s an emergency account and if that is so investing is not the way to go putting it in a normal savings account is
If its a stock it better be a dividend stock but I'd also put half in a high interest yield savings account
Problem is most people aren’t good with money so it’s better just to lock it in with a CD than stocks…
Wise words! The unpredictability of the trading market teaches us a valuable lesson in humility.
Or you can invest in Pakistani sukuk bonds and get 16.4% per year guaranteed by the government.
$10k deposit? Watch out FBI will investigate you Advice $9999 instead
So how do you invest. Leave money and wait till it becomes more? I'm confused still?
Buy stock for appreciation in extra cash. Or buy stock to make price of stock change low so you can buy cheap than the current price and wait for price raise up easy.
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?
What bank offers 0.02% annual interest
I hope this is not his emergency fund because that wouldn’t be smart.
That’s why I don’t like this guy. He’s giving generic advice which doesn’t explain the caveats and nuances of investing and money management. He’s leading people to make poor financial decisions because they don’t understand the full picture.
@@EVP5309
He doesn't know anything.
Forget about emergency funds, you need money in a savings account regardless. You need to have funds for 4 to 7 months in savings accounts before you start investing.
@@bobfg3130 As a licensed financial advisor, I tell people to have 3-6 months of expenses in an emergency savings. The number of months increases when I'm speaking with a client who is retired or on a fixed income.
@@EVP5309
Thanks.
Yeah I think I’ll take my 5% guaranteed with how the world looks
Cool
Greatness
No app is going to let you pay via cash. Need it in the bank to pay the app 😂 or a wire transfer or something
Which do you recommend more. Stocks or index funds
Damn at my bank my interest rates are like 7.something %
Great idea but be aware of the fact that its also a higher risk "the more you can get the more risk you have"
Very helpful video for getting started. Another good tool is A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger.
As price percentage raise difficult your buy extra little to see more holders to sale or not. To bring the price down. If they did not sale. You sale short as much as you can it could be 70% or more from your holding. And everyone else do the same. As this time price about $10 dollars per share. You inspect the company that issue share do they make profit or not from products and services they offer. If they do you can buy more to hold because the amount of the raise easy and price low able to raise up easy as well which is better than the last check price 60 dollars per shares but the gain so difficult from 60 to 80 But now the gain it is more easy with 30% gain and also the volume to hold also more
yeah but the stock market is no more guaranteed than me betting on my favourite sports player😹😹
Sealed Lego sets yield an average of 11% a year, with Star Wars ones being even higher
Sometime when I’m out in public ima give someone good advice and tell them that the app is in the pinned comment
A lot of people are talking about the stock market crashing. That's an opportunity. Investors can see specific brands that will do well due to the current world environment. Example: I know someone who invested in Tesla. Their money had a vast increase. Not all brands go down.
I have a question. What was the best investments between years 1990 and 2000 ?
Not a problem for my bank, I earn 3% a year... probably with a cap of maximum money but whatever
There is an oppurtunity cost for both. You should have mentioned how investing in the stock market could very well be dangerous cause the prices change every second. It takes more risk. If you don't want that storing money in a savings account is less risky
My bank charges me negative 0.2% interest... I pay them to hold my money. Also the local government charges me 0.5% on the first 500k then 0.36% on the rest. However 0% taxes capital gains 🎉🎉
Cash paying 3.9% dividend now risk free
ima try soon
This is technically true but the difference is that averages are never to be trusted. And I would say most money put into the stock market comes from either pepole with experience or bots which fudge the numbers a lot
How about you get a cd
5k at an 8% Compound Annual Growth Rate for 5 years with no additional deposits came out to $7.4K but maybe I’m wrong
I have a question. Does stock market take cash? If you shouldn't deposit money in the bank. WHAT I DO
Pretty sure you still have to put the money into some sort of financial institution in order to get it to the brokerage to begin with. Pretty sure they don't take cash lol
i'm glad everyone who thinks like this exposes themselves on the internet for me so i know exactly who to avoid when making friends/ looking for a partner
Which of those free apps allow you to pay cash?
Luv the vids
In India Bank gives you gurannted return of 6% in Fixed Deposit
In Nepal, it’s 12%
In my country interest per year is 15% i think this is not a good sign:/
Invest on the s&p 500 and setup auto invest dividends and forget about it.
Oh yeah.. i will throw cash on my phone and it will dissapear into thin air and suddenly I'll have balance in apps
That’s pretty much what digital money on your credit card is anyways, just a number, the important thing about it is, that it’s an widely accepted currency
@@Luis-ps6ek My point was you need to deposit the money to the bank in order to be able to put them in the app to invest.. so the whole video is BS
That's all true, but it's also important to have liquidity to cover emergency (or just plain unexpected) expenses. What an adequate amount of liquidity looks like is going to vary a lot, though; for me, $10k in liquidity is more than I'm ever likely to need, but for someone making hundreds of thousands a year it's not that much.
True. But that’s where the power of auto compounding in financial institutions come in. Not many offer that solution but some do.
I heard the recommended amount is between 3-6 month (minimum).
in hard cash or easily sold valuables.
TV and Electronics are not valubles here.
Or invest in CDs (you loan money to banks for 6 months, and you get 5-6% interest per 6 months in TD bank.)
what is a CD? thanks
I invested in AI stocks last month and my portfolio is up 15% not in a year but in a single month