I want to start investing in 2024 (step-by-step guide)

Поділитися
Вставка
  • Опубліковано 9 січ 2025

КОМЕНТАРІ • 58

  • @05kkmujgaa
    @05kkmujgaa 4 дні тому +174

    Alright, I’ve been sitting on this 78k emergency fund like a dragon hoarding gold, and now I’m thinking it’s time to do something smart with it. Bitcoin? Crypto? Stocks? Gold bars under the mattress? This ‘Trump Bump’ sounds like a party, but where’s the VIP section for beginners like me? Any tips before I YOLO my savings?

    • @SkepticalMechanic-l9x
      @SkepticalMechanic-l9x 4 дні тому +2

      Follow the S&P 500 by investing in ETFs like VOO, SPY, and SCHD. Dollar-cost averaging into these ETFs will likely outperform most investors in this bull run.

    • @AlbertGReene-p8w
      @AlbertGReene-p8w 4 дні тому +1

      Hey, respect for stacking that $78k! But YOLO-ing into crypto might not be the move, bro. Markets are wild right now. I was in your shoes and got a financial advisor who showed me how not to gamble my savings away. Best decision I made-seriously, look into it before diving in.

    • @americanopinions
      @americanopinions 4 дні тому

      Man, I feel this so hard! I’ve got cash ready but no clue where to start or how to find a solid financial advisor. Seems like everyone’s either trying to sell you a course or a scam these days. Any advice for finding someone legit?

    • @AlbertGReene-p8w
      @AlbertGReene-p8w 4 дні тому +2

      There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with ZAREEN GRACE CHURCH for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.

    • @viewfromthehighchairr
      @viewfromthehighchairr 4 дні тому

      Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!

  • @AshleyChloe
    @AshleyChloe Рік тому +26

    I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

    • @keithfletcheer2156
      @keithfletcheer2156 Рік тому +2

      As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

    • @TaiwoAyomide-pc2gt
      @TaiwoAyomide-pc2gt Рік тому

      iThink the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

  • @Knackers77
    @Knackers77 Рік тому +23

    Im 46, and only taking the plunge this year as a New years resolution. I've been wanting to do this for so long, even having accounts set up to do so.
    I've recently bought some Vanguard etfs and set up auto invest. I've also set up 2 kids accounts for my daughters 2, and 4. Planning to put $50 in each of theirs fortnightly. Hopefully they have a better start than me...

  • @damianforsyth39
    @damianforsyth39 Рік тому +16

    This should be shown and taught in schools it's so important for young people to realise the value in financial freedom and not be tied to bad debt.

  • @kharamsimms1338
    @kharamsimms1338 Рік тому +5

    Just listening from the us i want to say you guys are amazing

  • @dewifatmawati
    @dewifatmawati Рік тому +1

    Thank you for sharing with us. The video is straightforward, easy to understand and practical for someone like me who wants to start in investing

  • @breebakey
    @breebakey 7 місяців тому +5

    thank you from the bottom of my financially illiterate heart - you guys are awesome

  • @simongerega
    @simongerega 2 місяці тому

    So true...this is the psychology behind investing

  • @sharndawg007
    @sharndawg007 6 місяців тому +2

    Love the Super millionaire comment! ❤ Budgeting took a while to get comfortable with but I found having separate accounts for each cash spending category (e.g. a separate account for groceries, separate account for bills, petrol and transport (bus/train fares) and paying myself a spending allowance into a separate account) helps to stay on track. The other thing I have done is set aside money in a short term expenses account for car expenses (rego and insurance) or funds for Christmas and my daughter’s expenses (birthdays, school fees or clothing etc that she needs throughout the year). I was fortunate enough to live next to an accountant in my early 20s who gave me one piece of great advice that I have stuck with and that is to work out the average cost of your bills per pay cycle and pay that amount towards each bill when you get paid. That way, when the bill arrives, your bill is already paid.

  • @newmeutube1
    @newmeutube1 Рік тому

    Cheers for sharing this awesome video. I’ve been very interested into investing.

  • @HelSpe-gq2jk
    @HelSpe-gq2jk 8 місяців тому

    Love watching your videos and so interesting. As someone nearing retirement age and late investor. This has been very helpful.

  • @zeniasaldanha3948
    @zeniasaldanha3948 2 місяці тому

    How do we understand the sale of the ETF at company level trigger a capital gains at tax time with no fault of ours.

  • @perera319
    @perera319 2 місяці тому

    Thanks Dear

  • @gracieharrower6111
    @gracieharrower6111 4 місяці тому

    this is was great!

  • @dwaynedavies2001
    @dwaynedavies2001 4 місяці тому

    So I wanna buy vas which is well over $300 I want to get that and maybe one other Australian etf. Do I then have to pick it coming out monthly after that as in implementing atleast $100/500 monthly and not pick the one time payment option, Thankyou just wondering which option I’m meant to be picking as it says when I’m going to buy it says one time payment and not sure if I click that and I won’t be able to add more money to it monthly.

  • @kp-dr7tt
    @kp-dr7tt 3 місяці тому

    Putting extra money into your superannuation

  • @preciousoha
    @preciousoha 11 місяців тому +1

    How do we use your services, I want to consult

  • @NathanBradley-w1z
    @NathanBradley-w1z 19 днів тому

    I've come here with fear about my financial situation. Though, I have minimal debt, at 40 I'm not where I want to be. I'm attaining information and want to pull the trigger, however my hurdle right now is my strategy and goals. Is dividend focused, long term growth and how to approach this. Some part of me is comfortable with the idea of losing, as long as I have the potential to grow. So the standard core ETF idea is appealing, but for me feels a bit too passive. I see the appeal in Nasdaq 100 ETFs and putting my money towards satellites and riding that ebb and flow. I wonder if this is a poor idea. I can only trickle small amounts till my studies are complete.

  • @nooralichangezi3437
    @nooralichangezi3437 6 місяців тому

    What’s the best platform to start

  • @hooous5100
    @hooous5100 11 місяців тому +1

    commsec requires $500 minimum first time investing, is there a way to avoid

  • @EdwardsBains
    @EdwardsBains 24 дні тому +26

    Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

    • @SamsonsRhodesas
      @SamsonsRhodesas 24 дні тому +1

      I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...

    • @EdwardsBains
      @EdwardsBains 24 дні тому +1

      Taking break may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed CFA whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...

    • @SamsonsRhodesas
      @SamsonsRhodesas 24 дні тому

      Oh please I’d love that. Thanks!

    • @EdwardsBains
      @EdwardsBains 24 дні тому +1

      *MONICA AYAKO VOS*

    • @EdwardsBains
      @EdwardsBains 24 дні тому

      LOOK HER UP ON THE WEB

  • @windbagger9524
    @windbagger9524 7 місяців тому

    Dem 482 dolled nvidia shares at 36:24 😢

  • @actualfacts1055
    @actualfacts1055 11 місяців тому

    Don't pay big brokerage fees to stock brokers for bad advice, do your own research and use a low cost online stock broker.

    • @Shak1800
      @Shak1800 8 місяців тому

      Any recommendations on online stock brokers?

    • @actualfacts1055
      @actualfacts1055 8 місяців тому

      ​@@Shak1800 This is not advice but Commsec while Selfwealth has even lower fees.

    • @actualfacts1055
      @actualfacts1055 8 місяців тому

      ​@@Shak1800 Looks like I am not allowed to make recommendations but look on Google for online brokers with low fees.

    • @chookscratch
      @chookscratch 7 місяців тому

      @@Shak1800 cmc markets

  • @kjo68
    @kjo68 Рік тому +3

    think XRP investment, thank me later

    • @johnnyblaze373
      @johnnyblaze373 11 місяців тому

      How much later

    • @Shak1800
      @Shak1800 8 місяців тому +1

      XRP Been an underperformer since the high in the 2017 bull run

  • @zeniasaldanha3948
    @zeniasaldanha3948 2 місяці тому

    Love ur videos ! Was wondering if there was a video on pros & cons on micro investing, how & where , also how to keep records. Fees etc at Pearler . Tkx

  • @Gamingpie007
    @Gamingpie007 3 місяці тому

    Legends 🫡