Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of it!
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- čas přidán 27. 04. 2024
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Our Rich Journey - Unbelievable! My $2 Million Stock Portfolio & A Financial Advisor's Bold Move to Take Control of It!: Are you managing your own investments or considering a financial advisor? It’s crucial to be aware of the tactics that financial advisors might use to win you over. Many investors lean towards professional advice without fully understanding what’s at stake. In this video, we uncover the common strategies used by advisors, highlight the importance of financial literacy, and encourage you to compare managing your own investments with hiring a financial advisor. Watch to learn how to spot these tactics and arm yourself with the knowledge needed to make informed decisions about your financial future!
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However, how do you borrow against your assets? Please do an video.
53 year old average guy here in the double comma club. What I've learned when it comes to money....NO ONE IS YOUR FRIEND or has your best interest in mind. Learn as much as you can and manage it yourself.
Absolutely...👏
So true nobody cares more about your cash than you.
truest words ever.
💯
I agree! And no one knows your money better than you!
Best decision I made was to take control of my own assets!
Me too!
If you got 2mil without one then i say you dont need a financial advisor. You are one
Right!!! Multiple millions, not just 2. Lol. FA saw chaching!!!
My friends told me the same thing so I decided to keep on my own.
Fr fr
Make a whole video explaining why you didn't go down the route you were planning
Hi, I'm interested in hearing your thoughts on way you all decided not move forward with the securities backed line of credit.
I used a financial advisor in the past to manage ETFS and Mutual Funds in Nj. In 2 years he changed barely anything so when I called him and started asking questions he called me back stating I was calling too much and asking too many questions. I then stopped using him. I also found out that the retirement account he was suppose to manage he had no access. I will never use a financial advisor.
Wow!! 😂😂 so all these while he was just taking his fees..that’s crazy
👍😆👍 Stop calling about YOUR MONEY
Hey,HE’S the expert!!! Just shut up and give him his commissions!!!! (Joking of course)
I would get the fees reversed on that retirement account.
We manage our own monies! My experience with financial managers has been financial bullying. Exploiting me and friends was their approaches, too dumb to manage our accounts. The Lincoln person told me he would put my monies in an American fund, charge 10%, and I wasn’t to bother him after I gave him my monies. Ouch!!!!!! Stand up for yourself. It is rare to even make 10% profits year over year.
You guys are Great!!!!!!
Exactly why I managed my own money.
So true!!!
Always cracks me up how someone working a 9-5 thinks they can "teach" folks who retired early and living off their investments how to invest. He knows there was nothing he could do for you guys investment wise and simply wanted that commission fee.
Right! 😂 Sir, we did this without an advisor. Don’t do us any favors with your ‘help’.
The shower scene 😂😂💀
😂😂😂😂
Thanks for using your experience to warn us 😮
37%??!! Wow, you guys are amazing.
Thank you! 💕
Magnificent 🎉
The Advisor was doing the Bird Man hand rub while conversing with you all. Glad you all stood on business!👏🏾👊🏾🙌🏾
Really appreciate this video! Thanks for taking us along on your journey ❤
Thanks for all the great advice you give, Love ❤️ you guys.
I’d like to know why you didn’t go through with the line of credit. Can you post a video about it?
Yes please tell us what you guys decided to do to finance your next property purchase.
Thank you for sharing, very helpful info!
J L Collin's book would agree with you, " Manage your own money." Thank you guys for everything. I am at the very beginning of my journey.
Yes! We are definitely in favor of managing our own money!!!
LOL, used car dealership vibes 😊
Thank you for sharing!
Another great video. This one definitely hit home for me. When we pulled our accounts from our previous advisor, he used several of these tactics. They definitely hate when you are an informed client.
Well said thank you for sharing your experience. It’s appreciated
Thanks!! Please talk about securities backed line of credit
Yes- would love a video about securities backed lines of credit.
Great video! Thanks for the heads up 🙏
Thanks for sharing your experience. Yes, would love a video and why you changed your mind about the line of credit.
Tracey
❤❤❤ thanks for sharing 👍. Also the loan against value of portfolio is good insight to mitigate tax. Clever idea and very smart.
Thanks for the content, very informative and helpful.
So true! I had the same experience recently.
So is this course different from the previous one and we would have to buy again?
$2 Million?! Wow, that's amazing! I hope you can do a video on what you invested in someday.
GET THEIR STOCK INVESTING COURSE AND THEY SHOW YOU.
They have lots of videos about that
I want to keep my money too! Thank you guys for all the knowledge!❤😊
I love this video and always enjoy watching you two together.
Thanks for posting content about FIRE! Its hard to find recent videos on it
Joined the journey last month! Thank you for providing clarity and a path to FIRE!
🙏🏾 This video is awesome. While I don’t have that type of money, that makes it even more important to make every penny count. I appreciate y’all sharing your experience. It’s great knowledge for me to have and many others, I’m sure. 👍🏾
Haven’t heard “scanless” in years. Took me back. Love ya guys!
i busted out laughing and Amon said it hard!
Great video very insightful. I plan to always manage my money. Like they say "Knowledge is power". Thank you for reinforcing my own opinion.
Another eye opening video. 😊
Yes please explain how you pay the securities backed loan .
Thank you for your advices. I started my journey 5 years ago. From zero to 300 000 euros on stocks and index funds. Thank you for the motivation.
A French suscriber !
Interested in your take on the stocks-backed loan and what did you do instead
This was a great video! Please create more videos like this that expose how some financial advisors at banking institutions may not have your best interest when it comes to managing your money. Also I would like to know more about how a securities backed line of credit works. Sounds like the equivalent of taking a HELOC on a home.
Excellent video Team, thanks for sharing.
Hi Will! Thanks for watching!
What life insurance is the beat yall recommend or use
Thanks for sharing your experience with the financial advisor.
I appreciate you sharing your experience - thank you
Excellent video!!!! Always deliver!!!
I’ve been looking into SBLOCs as well. Very useful tool.
Great video! Thanks for sharing! I'm curious in learning more about why you chose not to go with a securities-backed line of credit. Also, speaking of tax-loss harvesting, what are your thoughts on robo advisors like Wealthfront? Would love to see an updated video on your thoughts now on robo advisors like Wealthfront.
So glad we took your financial course years ago guys! You gave us the skills to be able to create and navigate our portfolio without a Financial Advisor and laugh at the few we have had to talk to while experiencing these same tactics. Knowledge is Power!
Great video! Would love to hear more about the securities-backed to line of credit
Great video!! Thanks for the walk through tactics. Thanks for increasing financial Literacy.
Great video! This was also my experience exactly.
Very interested in why you decided not to go to the securities backed loan for real estate purchase. Also is the purchase of your 3 other properties primarily to rent them out or is it to sell them at a profit after improving them?
Great advice
Thank you!!!
@@OurRichJourney how long did it take you to save or invest before you retired and how much did you start off with ?
This was great! Thanks. Looking forward to your video on securities-backed line of credit. ❤
Security lined backed credit sounds interesting please share. Thanks!
This was hilarious! Thank you for sharing!
Great info
Commission based financial advice is NOT financial advice. It is marketing.
I totally agree with you and had the same experience from well know financial advising places. I tried let one manage an IRA and they totally underperformed in a bull market. They obvioulsy didn’t rebalance it. Please do a video on Pledged Asset Line of credit.
so happy to see you two continue to grow it was years ago i watched one of your videos on index funds and now look where youre at!
OMG! First, never heard of this type of option-so thanks for that nugget. Second, I've been feeling like such a slacker for not reaching out to a FA. I thought maybe I had waisted so much time not using one. So THANK YOU! I'm doing alright on my own...I'll keep going 😊
Looking forward to the video about your path/experience getting the Security backed investment.
Enjoyed your video. There are very few financial topics that are both original and relatable to where I am on my financial journey and this video is both. I wrote myself a note to start researching "securities backed line of credit" and so I would encourage you to have that topic in a future video.
Please do a video on the securities backed line of credit!
Yes indeed.. It's the NEXT LEVEL. That IS how it's done (SBLOC).
Thank you. I learned about this in your program a couple years ago. It was the best.. 365 Days!!!
Best video! Thanks guys.
I would be very interested in the ways you leverage, investigating it myself, the securities line of credit and so forth. Do you elaborate on that? And yes! Great advice regarding financial advisors, I have used them in the past and lost a ton of money at their grezzy hands. most are crooks and are NOT looking out for your best interest
Thanks for sharing the advice guys. I would certainly walk right into this trap in the future had I not seen this. Keep doing what you're doing to increase the awareness of the uninitiated like myself. ✊✊
Same. Once I got those year-end statements back and saw that my S&P index fund was outperforming his active management, we pulled our funds and closed the account with him.
Love your channel. I’d love to understand your thoughts and reasoning why you did not choose to go with the line of credit
Yes, can you please talk more about security back line of credit? And if you dont use this then how can you use your $ to buy real state for example without paying high taxes? Thank you!!!
Very good points 🎉
As always thank you both for sharing your experiences with us! Helps us stay on our toes! It would be cool if you guys made a video about securities backed line of credit next! One question I have is if a person has some amount invested with VTI and another chunk with VTSAX, would the broker only consider one of those accounts or would the broker factor the total amount invested between the two investments? Anyway thank you as always Amon and Christina!
Definitely want to know why you didn’t go with the security backed loan
Hello my friends Amon and Christina!
Just wanted to check in and let you know that I am retiring on May 23rd. Just a few weeks away. My wife and I have so many travel plans upcoming, and I have a couple big opportunities that could be huge coming up. Still love how you are so relatable, open and transparent to all your viewers and supporters. I, and I know, that all that follow you feel like we know you like our closest friends. Such an important skill to have these days. A true success story for all to admire.
I will always watch and check in when I can. One of our stops in our travels is Portugal. Hoping our pathes cross to share that Latte that is on my bucket list❤.
All the best my friends.
James and Ellen Spitzer
Congratulations 🍾🎈🎉 You both Enjoy your retirement 😊
do you have video on securities backed loans? How much do you need to have to do this? What did you do because you did not want to incur large capital gains to make a big purchase?,... I know about harvesting losses.
Superb analysis of sales tactics. Useful to know for any purchase. A great resource for sales people also!
Would love to hear your take on financial advisors for after retirement. Spending down, health care and so on. Particularly since some of this may not apply to you.
Very good video!
Yes please explain the SBLOC! Thank you!
Very helpful information! I have fallen prey to those type of tactic in the past. Would be interested in seeing a video on securities backed loan. Thank you!
This is good stuff!
This should be required curriculum in universities. Well done, as always.
I want to manage my own investment, but how do I manage the capital gains tax?
Thank you 😃😃😃😃😃
I am interested in knowing why you did not go forward with the credit. Thanks for these insights. I always remember what you have said in some of your earlier videos about the percentage charges by fin advisors- it would only make sense if they charge a fixed fee.
Thanks this is so true. It happened to me. That is why I haven't used an advisor in 20 years.
You guys were spot on with your reveal of their tactics. I can attest they pulled the same with me. Of note, .1% of $100 is 10 cents , not one penny, but you made your point.
Oh yes please do dive into the taking loan against your Investments this has been a big problem we need to discuss it thank you very much good on you too so inspiring and I'm looking forward to you two developing a chat GTP app kind of co-pilot so when I get up in the morning you can help me make healthier financial decisions I'm a nerd when it comes to Automotive and you guys are definitely Financial nerves it isn't easy for me to think your way but I noticed the same problem with I expect everybody to be able to understand what I'm doing with cars I don't need another car at 7:00 right now I should be investing my money but the minute I start to try
to follow your guidance I go blank where an app could lovingly encourage me and get me to start following your guys's wisdom
Is there a cost for your course in financial “know how investing”?
This video has been a life saver,thank you guys for such wise advice❤
QUALITY CONTENT!!!
Thanks again for your videos. That one is so good as everyone has lived or will live this at some point.
What alternative to the securities backed line of credit did you all use, if any? Great video.
I would like to hear what you think about the securities back LOC.
I just came across your channel and subscribed. I’m now watching you guys from the beginning thank you