INVESTING IS SO EASY, YOU CAN DO IT IN YOUR SLEEP!
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- čas přidán 21. 07. 2024
- Wayfinancial.com
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Every time I watch you, my understanding of investing increases! Now I get what an index fund is… a basket of colorful eggs. If one breaks, no biggy.
All I need to do is go back in time. No problem.
At 6:30, I appreciate the explanation of not to worry about index funds going to zero in perspective of that will only happen when life as we know it is over and there will be bigger problems. This especially for a pepper audience.
Yes, if the system collapses that lost money is the least of our worries. Bogle famously advised not to closely watch the market jirations. .. he suggested not even opening the statements until retirement.
Unless we go through a period of stagflation like Japan. Their market crashed in the 80s and finally recovered LAST WEEK. It wasn’t a societal collapse like you’re alluding to. Would you wait an extra 40 years to retire?
Gyrations. Like Elvis’ hips.
I invested this weekend!!!
So many decisions and risks. I worked too hard for my savings to screw it up now.
not related to this video's topic, but I wanted to say that I've started picking up bottles and cans again because of you! I pick up trash on the weekends. Just my thrifty way of "giving back" to my community. In a recent video you talked about some of the little ways you make extra money day in-day out. You mentioned picking up bottles and cans for the CRV refund. I've started setting the things I can get the refund on aside. Every time I do it, I think of PP.
My kid takes long walks daily since he was 10 and started picking up cans along the way. He'd sell the metal when he had enough. A lot of businesses and people along the way began saving them for him. He still makes a tidy little sum for doing something he does anyway.
Both of your dogs love ya and cannot be any sweeter..ok and cute Nala.
I hope you realize you are encouraging and helping so many.❤
PP and Nala and Rocky ❤❤❤😮😮😮😊😊😊
I invested in companies that I liked at the time, Walmart, Home Depot, Lowes, Pepsi, and Ford, no mistakes so far lol.
Great video! I have been investing since 1990 and I am retired with only 18k that I pay a small income on. I've been able to a mass a solid 7 figures and pay no taxes unless I need or want money then it's only 15% if over 80k. Not only is investing important, learning the IRS game is as important so one can keep most all gains.
I set my mom up with Schwab a while back. She has been happy with them, and there is an office near here if she wants to talk to a live person. Real investing is boring...it is supposed to be!
I ordered your book,,,, Awesome!!! Thank you so much, the price???? WOW,,, so again Thank you for the book and the info!!
Wow this is so educational. I wanted to do this but didn’t know how. You explained in away I can understand.
I’m 66 already retired with my husband. I have a question. Because we are up in age what advice can you give if we want to invest and get a fast return ? I read a little is it common that investing is not FDIC insured ?
Yep, I agree. Understandable.
Your great advice gives us peace of mind for the future which looks very scary if you watch the news. Thank you so much! You make it so easily understandable.
Thank you so much for your Princess advice.
I love your videos. I just switched to Mint yesterday and used your link! 🎉
Awesome. Thank you. I've learned so much again.
Thank you for such an informative video, PP.
Yes. I just figured out my smaller portfolio and estimated that I have gained 43.5% and that is not taking into consideration that I have also had in 2 of my funds a 100% realized capital gains in which I invested into a less volatile investment with a lesser simple interest gain (getting ready for retirement). My bigger portfolio is doing even better. Both are in different tax free accounts (Canada). I self direct my portfolio but if I wasn’t confident financially, it would only go with a fiduciary advisor. I really enjoyed this video. Well done
Hi PP. I never miss your videos. I love Fidelity.❤️❤️
The Pup is Cute and happy.
Thank you for simplifying investing. It's very confusing. Great video.❤❤😊😊
Thank you so much for these insights.the average person, like me, doesn't know where to start....you gave me valuable insights.
I have so many bank accounts earning high interest , I almost forget about them !
THANK YOU for this valuable information! Most people are just too selfish(?) to share this kind of stuff. Blessings in Him!
You explained this very well. Thank you. The only thing maybe you missed was that you can pick your level of risk too.
Love your business look😎😎😎
Thanks for sharing today
I have Vanguard for my 401k through my job so I want to start investing with Vanguard as well. Thanks for the advice! I’m about to be 30 and I want to start investing for my retirement. It’s very overwhelming to know where to begin so this video was helpful. Thank you!
When the stock market crashed in 1929 a new high was not reached until 1954. Just make sure you can handle this extreme in the indexes.
That's why I like some of the newer covered call etf's that way some money is coming in every month no matter if the market is up or down
This video is very helpful. Thank you
I added Amazon and Nvidia stocks to my portfolio and they're doing great!
Very informative video... the fear in some channels is getting out of hand. There are bank closures and a few failures, but USA is still # 1.
Fear gets more views.
@@PrepperPrincess one other thing that can help is to get your brokerage to automatically reinvest the dividend that the VOO sp500 ETF pays back into more VOO shares. That way the compounding happens automatically and one less thing to do. Sometimes it is called a DRIP, which stands for Dividend ReInvestment Plan.
Charles Schwab website…you can control dividend auto reinvest yourself. It’s a simple yes/no check box. And you can update or change it at any time
I stop investing temporarily to take care of my debts first.
Thank you so much!
Thanks for this video it was very helpful. So true if we loose all our money due to a crash we have bigger issues to deal with. I’ve been leery to invest but I think I’m finally going to jump in .
made it easy for me .... glad I did 👍😊
The youngsters today have it made when it comes to investing. When I was 18, there were no online do-it-yourself brokerages. You had to call a trader and place a trade over the phone, for a cool $125 per trade. Now? Trade fees are very low or trades can actually be free.
I live in England and have just started today. I have always been reluctant as it seems so intimidating to me but giving it a go. Thank you for video. The "at least youve tried part" made me think yeah I should just go for it finally instead of worrying about it. ❤
The thumbnail of the pup sleeping on the pillow 😍🥹
I did a thing today, I started an Acorns account. I'm learning and I'm cautious. My actual question for you is can I start such accounts, be it thru them or whomever, for my children or only in my name for myself. I'm 57 and my goal is what I can leave my kids. Thanks so much for your videos and solid advice. I do have the book and I love it! Everyone needs to go buy it now! Love from Ohio! Brenda
I believe you can setup custodial accounts for your children.
Im a chicken investor so I have $$ in 1 yr CD with 5% interest at the time...slow but still steady and grows lol
Same here all is OK. Now stock market is all time high. I cannot stomac the risk.
Don't forget that 3 years ago you'd have been lucky to get 1% on that CD. Next year could just as easily hold the same. That said if you are looking to save for shorter term needs, 5% CDs are a wonderful way to do it
Great informative video!
Ramsey says to invest in mutual funds, but we cannot figure out which are mutual funds. Our funds do not earn interest. We have no stocks. Only bonds ( Roth and non Roth) . We do not know what are small and large cap funds. I have no interest in international. His funds at work are chosen by employer until he leaves the company.
If the entire system collapses it’s the zombie apocalypse. There is no point in worrying about worst case scenarios.
Yep, zombi apocalypse, game on! Until then invest wisely.
Appreciate you PP🤎
If you're investing in any dollar denominated paper assets of any kind when this country is $35 Trillion in debt and we have a yearly budget deficit of $2 Trillion....wow. You are super brave. 💪
Yes or either too smart for me to understand the rationale behind the decision 😅
Thank you
Thank You🥰
When you buy, do you use a limit or do you buy at the price of the index on that day? How do you choose when to step in?
Can I invest in Capital one and use my investment gain to pay my credit debt like a finicial loop so the money would then be irrilevent
Cd 5% or 4%
Blessings 💞🙏🏾💞💞💞
I don’t know anything about the stock market, question: which one is the best selection: 500, 1000, 2000?
Fidelity investment advisors i have spoken to talk down to me! I do not need to me made to feel that way. Thank you for your kind guidance.
Should i sell an individual stock if its over 100% gains? Ive been struggling with that one.
Went to Schwab to open an account and it’s insane!!! Lots of legal jargon and you have to sign something saying you understand they have fees for using the account, something about margin account, cash sweep, soooooo confusing. I exited out.
Anyone else get this or am I on the wrong site possibly?
Yes I have an account with Schwab. There is a bit of a learning curve. You link your bank account to the brokerage that will allow you to put cash into your account. From there you purchase your investment. As a beginner you will purchase at "market" and probably want to reinvest any dividends. As PP states start with an index fund. If you want to buy fractional shares it is called stock slices. Start small make your mistakes. It is really a good platform but again a learning curve. You will enjoy it. It goes up and down buy low sell high but buy often. Just give some thought as to your investing goals then invest in funds that will get you there.
You got confused and quit? Read it again with the intent on understanding it. Then sign and move forward. Do not use margin, you can opt out
✨👍 👍 👍 👍 👍✨
Thank You Very Much , PREPPER PRINCESS.
Thank you for this video! I have a Roth IRA. I have money in my brokerage too just sitting in case of emergency. I think it's earning 5% or maybe it dropped lower. I'll have to check it today. Is that ok to keep it in a brokerage or should I open up a high yield savings account? I'm not sure I understand the difference to be honest. I totally agree with you about not checking our investments every day. It does go up and down. On another note, can you do a quick video on your small wardrobe? I'm not into clothes but I need a few things for special occasions like weddings and such. Do you have one or two "special" outfits for these occasions? Thanks again.
Dang your stuff hasn’t pulled up on my feed for so long
Same here.
The microphone is slightly distorting. Would it be possible to move it away abit? Just a thought! Thankyou
What do you know about CBDC.. CENTRAL BANK DIGITAL CURRENCY???
I went to PNC bank with zero money and told I was not allowed to talk to a broker unless I had $5000, but on SSI I'm not allowed mor than $2000
Chase has a self directing brokerage account that's easy as filling out a form and depositing a few bucks. It's as easy as can be. We had Chase for years, and if you have your SSI deposited directly, they don't charge fees for checking, so our info was easy to fill in, we just hit the sign up button. Remember 'passive income's from ETF dividends don't count, because you're not working to earn that money. Check it out, see if it works for you.
You can't really invest if you are receiving benefits where the gov checks your assets.
The Russel Crow "GLADIATOR" high yield index fund.
Are you not entertained?
🤣🙃🤣
Thank you so much for this informative video.
Over 300 years!
Excellent advice!
Interesting- Dave Ramsey brought up something I never knew…he said that the people who lost big money in 1929, were people that were investing in volatile stocks. Most people didn’t lose that much.
They were also invested on margin.
Any comments about Ameriprise?
Вы такая красивая❤ и ваша информация очень интересная и ценная, в любой стране принципы вашей жизни актуальные
Does the dog behind you hunt? 1:06
If I’m wanting to do BOTH a high interest savings and Schwab, which should I put more towards? Or which would YOU put ore towards I guess is my question
My understanding is that a high yield savings is FDIC insured Schwab money markets funds are not.
SHE would put more towards the high risk stocks because she can afford to. She has her $1M+, now she can afford to be more risky, and therefore reap the benefits from the greater risk she would take.
If you're Canadian, know that if you invest in US stocks, you will likely have to file a US tax return as the IRS keeps track. Best to stay within the Canadian stock market if you're Canadian and living in Canada. Right now GIC's are still the simplest and safest investment of all and only taxed outside of registered accounts, but not taxed within a TFSA (never taxed) or RRSP (until you withdraw). RBC has a nice "Direct Investing" platform if you're already banking with them, for example.
Can you recommend which dividends and also explain what dividends are?
Dividends are a payment given to you by the stock company based on a percentage they determine. They are great because you can usually reinvest them or take as income. Most are quite small amounts but add up over time.
Hello PP
😅my Edward jones guy put me in American Funds. Is that good?
Some other financial channels (epic economist) push the collapse, like saying the collapse is coming or the collapse is here Etc…..
Fear gets a lot more views than my non scary reasonable ones. Look how few views this one is getting. Proves my point
A lot of those You Tubers just push fear; they have little financial training in investments...
I watched a vid by a youtuber, she admitted all her vids with fearful titles got 1000s more views, and those were what paid the bills.
The ultimate doomsday channel by Epic Doomsday Economist. 🤣
Wish I had seen this video 15 years ago. What do you pay Charles Schwab in fees for investing through them?
Brokerage accounts like Schwab do not charge fees for buying stocks, ETF's or index funds. Some mutual funds may charge fees that are deducted from the money you pay when you place a trade. But many don't charge any fees.
@@tritosac thank you
At 0:50, oh no! Opening an investment account was compared to creating a Netflix account.
How much money do we need to start investing with the brokerage guy that you use?
I don’t know. Please ask him.
I'll Google it but what is fiduciary
An advisor that acts 100% in your best interests. It is not someone that is selling you something. They might have something to sell but your agreement is strictly for advice in your interests. You could use a salesmen but you pay out of pocket for the service performed, that is a fiduciary.
So I am 45 with no retirement so I have 25 years left to save should I just put money in the s&p 500 I know should been do this a long time ago I don’t need a lot I enjoy my work it just doesn’t pay me well
I think at 11.5% compounded ROI, on s&p 500, you turn 20k into 500k in 30 years. On 20k, you might only afford catfood by the year 2050. 500k buys a lot nicer tasting food.
Look into AAII for higher returns, but S&P 500 is definitely the safest.
Do you know why buffet is keeoing his capital and not investing
I have seen a recent interview in which he said that stock market nowadays looks a bit like roulette.
Have you seen that video about a globil digital currency
No! No one wants digital currency!!!!
I don't want any worldwide digital currency that I have to pay for it.
But if it's free, I will take it to buy food and silver.
🙃🤣
How much did you start with and how much did you invest weekly? Monthly? Just curious how much it takes.
You can find compound interest calculator online to figure that out!
I started with zero. I’m sorry but I don’t know how much I invested monthly. It was over 20 years ago and was automatic when I started.
What do you think about government I bonds? Their interest is partially tied to inflation and they're giving a 9 percent return right now.
I like bonds if they have a good rate
I would suggest looking into muni bonds, some of which can have crazy returns. They are relatively very safe.
what do you think about the ridiculousness that Suzie Orhman says you need between $2 and $5 million in order to retire?
I think Suze Orman is a fraud and scammer. She will do and say anything to make money. Go back to the advice she used to give. She told everyone to buy gold and she got out right before it peaked…insider trading. She also knows nothing about investing despite working for a brokerage. She tells others to invest in stocks but doesn’t invest herself. Back in 2010 she told people the housing market wouldn’t recover until 2023…she is wrong on everything she says. She is trying to make a comeback but refuses to even mention her prepaid card scam that went bankrupt.
With the economy the way it is, unless you are investing, you're losing money.
Is this just for us or Canada too?
I had the opportunity to invest in some Canadian agricultural stocks. 🇨🇦 government took 50% of every dividend. So balance your investments with non Canadian stocks if you want to use dividend income.
If you're Canadian, know that if you invest in US stocks, you will likely have to file a US tax return as the IRS keeps track. Best to stay within the Canadian stock market if you're Canadian and living in Canada. Right now GIC's are still the simplest and safest investment of all and only taxed outside of registered accounts, but not taxed within a TFSA (never taxed) or RRSP (until you withdraw). RBC has a nice "Direct Investing" platform if you're already banking with them, for example.
Hello
How do you feel about people opting out of the index funds to buy gold and silver?
The way the government is going, I’m getting SOME but still investing in index funds
Gold just tracks inflation so it's pretty worthless. S&P 500 funds have done great in the past 10 years.
Asta el "firulais" esta poniendo atencion.
👍🏿
In this video you are absolutely correct 600%🥰🌺🩷🩷🩷no,1000%!!!
Do you put your investment in a Roth IRA?
Up to the max, right now is $7,000yr. The rest into taxable account.
Can I just go and invest a $100 with Charles Schwab and then the next month invest a $100 at Vanguard and the next month a $100 at Fidelity. And then just leave the money there and add to them as I'm able. Will they work with that small amount of money?
Yes, it’s called dollar cost averaging.
There really isnt a need to use all three. Just pick one for the sake of simplicity. They each offer lots off different investment choices with low fees
Does anyone have a brokerage account with Wells Fargo? I had started with them. It’s already open and connected to my bank account. I’m just wondering if they are equal to the Charles Schwab or Charles Schwab is superior
Opinions OK, just looking for thoughts here
Preferably a lot more at a time since most trades cost money and will eat away at your returns.
I've heard a lot of people say the 'brics' nations will overtake the dollar but I've no idea if they're talking rubbish or not.
Even if it does, then the top 500 companies should still be ok I would imagine
You are the new and baptized better suze orman
MUCH better. Suze O made it complicated.
More investing advice,I don’t understand it
You really oughtta be a more attentive "doggie mom" ... 🤭🥰 🐢
😂😂😂🙏🏻💞🙏🏻🙏🏻🙌🏻🙌🏻