How to Become A Confident Investor in 2022 | Live Q&A
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- čas přidán 9. 09. 2024
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Video Resources & Timestamps
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0:55 Credit Card Rewards Investment Update & the M1 Finance Card
9:45 Will I be making more videos in 2022
11:34 My favorite retirement withdrawal strategy
14:59 VOO 80% VXUS 10% VIOV 10%--Should I have REITs?
20:47 Currency risk if you live in an emerging market
22:50 XLMF better than individual bank stocks?
26:18 PIMIX
31:12 Inherited IRA--VBIAX vs VSMGX
35:15 Videos for non-resident investors
37:24 Is 100% stocks best in your 20s
38:33 Fama & French
39:00 Bond funds in a taxable account
40:13 Savings rate for those with a pension
43:00 Short-term capital losses--how do they work?
44:10 Bank stocks
45:43 How to track investment performance
48:59 Portfolio review
52:08 How frequently to take retirement withdrawals
54:11 Cleveland Indian's new name
55:05 Bernie Madoff Lessons Learned
55:37 Portfolio Review
58:14 Why REITs?
59:59 I Bonds
1:00:26 Dividends vs Total Return
1:01:03 Timing the Market
1:02:55 Baby Boomers flooding the market with capital
1:04:35 InvestTech Research
1:05:40 Should new investors invest in bonds
1:06:25 Draw-down strategies for traditional retirement accounts
1:08:32 Should asset allocation include primary home
1:10:36 ETF vs Index Funds--Tax Advantage?
1:15:17 VDIGX
1:17:09 Age 55 Rule of 401(k) accounts
1:19:19 Roth IRA vs 529 Account
1:20:52 Vanguard funds in Canada
1:27:37 Vanguard Muni Funds
1:30:16 Should we invest in international markets
1:30:50 Why add REITs
1:31:17 Roth vs Traditional for Early Retirement
1:39:30 AT&T
1:40:45 Triple-levered ETFs
1:41:30 Investing in crypto
1:43:39 Excel vs Google Sheets
1:43:57 iShare Funds and history of fund closures
1:45:30 Bond Alternatives
1:46:11 Roth Portfolio Review
1:49:20 Fund turnover
1:53:53 Can convert taxable accounts to a Roth?
1:54:35 My current stock/bond allocation
1:55:20 Is that a Boston Red Sox jersey behind me?
1:58:35 REITs vs Owning a Home
1:59:00 Can I open a Roth IRA at age 58 after retiring
2:01:05 Emerging Markets
2:06:08 Best Int'l Fund w/o China or Russia
2:07:55 Muni fund in a retirement account--good or bad idea?
2:09:11 Accelerating Dual Momentum
2:10:25 Terry Smith
2:13:15 Where to save money for a house?
2:15:18 2 Funds for Life
2:18:13 Post-retirement expenses
2:18:54 PHDG
2:22:15 DCA with different asset classes
2:22:50 Best tools to analyze a portfolio
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ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (amzn.to/3by10EE)
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
I appreciate the fact that you don’t do the clickbait thumbnails! I refuse to click on any thumbnails with the hand, 0 face, or excessive clickbait. It’s just overdone and irritating. Keep doing what you’re doing👍
Rob, i think your credit card rewards investment strategy is brilliant! Thanks for sharing….Ed
Hi Rob. Love the content as always. Adding a couple comments in reference to your credit cards reward fund. First I have the fidelity rewards card so 2% cash back directly into my investment account and I agree that it adds up fast (and it is free money.) Second I created custodial accounts for my 11 and 13 year old where I give them $50 a month each and then they can do chores around the house to earn more ($5 to cook dinner, $1 to feed the dogs, etc.) put directly into a total stock market fund. The goal is two fold: first to teach them the relationship between time and money and second to teach them the power of continuously investing and compounding interest. My 13yr old gets it and her eyes light up when she sees how much it has grown. My 11yr old ins't there yet and would certainly fail at the marshmallow test ... but we have time. I consider it a requirement of mine as a parent to teach both of them what money is, why you work and what that salary means, and what compounding interest can do for you both positively and negatively.
Great stuff Andrew.
Wondering where did you open custodial a count for kids? Is it with fidelity?
Do I need to have investment account with fidelity to open custodial account ?
Thanks in advance
@@anujgupta9293 Hello Anuj,
Yes it is with Fidelity. I do have a personal investment account with them prior to opening the custodial accounts, but I do not think that is a requirement. Opening the custodial account was easy and only took 15 minutes or so.
As a side note don't forget that kids can have Roth IRAs once they are old enough to have qualified income. Additionally while the contribution must be the lesser of their total earned income or $6k, they don't have to fund it and you can do that for them. Once my kids hit 15 or 16 and start summer work I am going to make a deal with them that they get to keep their salary and I will pay them again in the Roth IRA. It will give them a boost on their retirement savings without forcing them to invest everything they make (because I know I would have had a hard time not spending some money from my first job.) Good luck and happy savings :)
Great advise. Thanks
With the Fidelity card, can you set it to automatically purchase certain investments? Or does it just go to a settlement/money market fund where you have to then manually do stuff?
Hi Rob. Just happened to catch part of your Q&A today. Good stuff. I'm now a subscriber and will start going through your past videos, God willing and if the creek don't rise..
Where are the Chess Puzzles?
Rob, investing your credit card rewards is a great idea, wish I’d thought of that. Am now considering doing it as well.
Investing CC rewards is a major life hack!!! I'm obviously not at your level yet, but it quickly adds up. I'm 80% SCHD and 20% SCHY. Thank you professor.
Thank you!
Hi rob. I think everyone will agree that you are very knowledgeable in investing. How are you passing down your knowledge to your family? So they can invest on their own?
Rob, Your videos are great. I invest my Credit Card Rewards into UTMA college funds for my grandkids. In the up to 18 years invested for each, I think they will be quite significant.
@Rob Berger - video idea: who is a good candidate for an EE bond ladder?
Best advise for starting late?
Hi Rob. Thanks for your videos - oh, and for your book. I watch you pretty much every day. You’ve inspired me to be much more involved in our investment decisions. You just mentioned that only one person had commented on your credit card investment strategy. I’d like to be the 2nd one to comment. We just implemented a similar strategy, and I’m very excited about it. We’ll see how it goes; do you invest the money in a taxable account? Thank you again for your good humor, your investment insights, and for inspiring investing courage! 🎉
Why no mention of funds like QYLD or RYLD? Significantly larger yields paid monthly.
Love you livestreams and all of the other content you’ve been putting out! Can’t wait to get back to work next week and be able to actually catch these live.
Bless you for not unboxing it.
My net worth is $3 million (2.5 in real estate and .5 in cash).
I have no idea how to proceed.
I'm tired of real estate and need to come up with a plan
Looking forward to your video you said you were working on. Roth conversation? I’m considering it. Have too much in tax deferred. Would like to have some tax diversification.
thanks for this video
Maybe with a portfolio with 10% international stocks one should consider exchange rate risk. Never thought of it? Really? It’s one of the risks listed in any forex ETF description.
If you do a video on conversation strategy suggest you include social security tax trap, widows tax trap, medicare irmaa, higher aca premiums. It's not a simple estimation....
Agreed.
I had a thought on dividends. I don't like them that much for the reasons you stated.
But I offer what I think is a history on how come they are popular. Back in the old days, a dividend was a great way of extracting some cash from the stock, as selling a few shares each quarter was expensive, given the brokerage fees back in the day. But a dividend check sent to the shareholder was free of costs.
What do you think? Might be a good way to add on to what you've already stated in your videos.
This week, I've been rebalancing my portfolio due to distributions and the sale of a fund on Jan 1. My aim is to increase the tax efficiency using ETFs. I'll be slowly selling my long held mutual funds, according to keeping my AGI down. (Distributions have always been taken in cash.) My RMD starts this year in my smallish IRA.
I think you are quite dismissive of margin trading unnecessarily. In my opinion there are some situations in which margin trading is a completely valid approach to long term passive investing. I’m thinking of someone who is young, and has a low net worth in comparison to their income, this person would be able to use what could be considered relatively small dollar amount of margin to accelerate their investing journey and would have the short to medium the future cash flows available to support this
I've seen this argument before from reputable folks, but the cost just seems so high (I think Vanguard charges 6% interest or more.) idk..
Thank you for what you do - you are providing me and I’m sure others with excellent information
hey rob love the info you provide and your videos I was just wondering what software would you recommend to track our portfolio and if its free that would be perferred
Rob i want to use M1Finance but they dont do index funds instead Etfs. As a buy and hold investor can u explain which way makes more sense as far as going through Fidelity or M1? I want be able to reinvest dividends .
Interpretation: short sell Home Sense 😆
Hi Rob - you are doing a great job, thanks for sharing. Two and a half hours is difficult. Can you condense?
Rob - do you travel? You can get a lot more mileage (pun intended) for your card spend transferring Chase, Amex, and Citi points to travel partners compared to cash back
When I travel with points, I take what the trip would have cost in cash and transfer it to my rewards investment account. That said, I haven't traveled with points in a long time.
Wheeeerrrrres SALTY?????? 😒
Good question. I hope he's ok.