AI stocks are poised to dominate in 2024. I prefer NVIDIA because they are well-positioned to sustain long-term growth and serve as a foundational platform for other AI companies. I know an investor who has achieved over 200% returns with NVIDIA. I'm also open to any additional recommendations you may have.
I believe the next significant opportunity lies in AI. For sustained growth similar to META, it is essential to avoid impulsive decisions influenced by short-term market fluctuations. Emphasizing patience and a long-term perspective is crucial, and seeking financial advisory services can facilitate informed buying and selling decisions.
Confronting a similar situation, I consulted with an advisor. Through strategic portfolio restructuring and diversification with quality ETFs, S&P 500, and growth stocks, I have successfully increased my portfolio from $200k to over $800k within a few years.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
I'm new to trading and have already experienced significant losses. I've tried strategies from UA-cam videos and online forums, but they haven't been effective. Any guidance or recommended resources would be greatly appreciated
As a beginner, having a mentor is crucial for accountability and guidance. My CFA Sarah Jane Braunshausen is a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Hey there, in Germany there is no 401(k) but, depending on the company there is Betriebliche Altersvorsorge (BAV). For IRA, there is not really an alternative. In Germany, the focus is more on state and occupational pensions, with private options supplementing them. So you don't have something like an IRA on your app that you control and choose the investments from
Thanks for the breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Amazing information! Just a thought, before you mentioned about Ray Dalio's book on changing world orders and how the US is near the decline phase. Do you think this means that the backtesting of 20 years or 50 years has merit to a significant degree? Don't get me wrong, backtesting and data is all we have closest to logical reasoning.. what is your view?
Great question. Yes, the US is on its declining phase (who doesn't recognize this doesn't know all the data) but the decline might as well take other 50 years. Nobody knows exactly. What's interesting is that declining doesn't mean that the economic growth must necessarily slow down. Meaning, the US might ironically even have a better growth while declining (think about the positive effect of inflation on revenue and earnings growth, for investors invested in companies as opposed to whom holds dollars in cash). So regarding the average growth of the american market i don't have reasons to feel sure that the average long term growth should decline in the next 30 years. When it comes to recessions or market crashes, there's where for sure you can't make any predictions
I had to comment because I noticed you have far less subscribers than you deserve, given the value and specific knowledge you're bringing. However I think I know why you're not growing at the same pace as other channels in the personal finance space, take Nischa for instance. I don't run my own channel but might start soon, hence observing trends. We can chat about it if you like. That said, how did you learn to video edit the way you do? It's really good; for real. What software do you use? Any tricks, tips and plugins? I'm curious.
Hey there, thank you so much for the comment. If you have an idea of why I'm not growing, shoot! I'm curious. As software, i use Premiere. I learned it by doing, just like photoshop, and i still remember the days when I used to watch my friend use these softwares and i'd say "I don't understand anything of what he's doing". Time and exercise solve everything!
@@rick.austin Thank you so much for the reply. So all the inserting of the B-roll, the animations/motion design, and the Zoom in, zoom out on you when we see you... you do all that yourself? Thats great! As for growth, content is too technical, hence appropriate for the more nerdy finance segment amongst the youtube audience. Things like "7 habits keeping you poor" or "why I quit a 200k job" are more catchy, albeit I agree they may be more generic and less "true value-add". But remember that youtube is also entertainment for many, not just a place to gather knowledge
@sankalpvaid7829 yes I agree with what you say. I started with general knowledge, but then it didn't get traction enough and only technical videos worked out. So my audience grew technical. I kept trying making general videos but they always performed poorly because of my audience. Now i'm starting to gain some traction also with more general videos, but I feel i need to go slowly in that direction because if i'm suddenly too generic again i don't make any views. Regarding your first question yes, i do everything myself!
@rick.austin that said, I'm building a business (just for back from San Francisco) which will very soon now involve collaborating with youtubers in the investments and personal finance space. If you're interested in hearing more, and how we are building the first 21st century school ever, let me know how I can get in touch with you.
AI stocks are poised to dominate in 2024. I prefer NVIDIA because they are well-positioned to sustain long-term growth and serve as a foundational platform for other AI companies. I know an investor who has achieved over 200% returns with NVIDIA. I'm also open to any additional recommendations you may have.
I believe the next significant opportunity lies in AI. For sustained growth similar to META, it is essential to avoid impulsive decisions influenced by short-term market fluctuations. Emphasizing patience and a long-term perspective is crucial, and seeking financial advisory services can facilitate informed buying and selling decisions.
Confronting a similar situation, I consulted with an advisor. Through strategic portfolio restructuring and diversification with quality ETFs, S&P 500, and growth stocks, I have successfully increased my portfolio from $200k to over $800k within a few years.
Your advisor seems to have a strong track record. May I ask if you are still working with the same advisor, and how I might get in touch with them?
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
I just researched her online, and I must say she has an impressive background in investing. I will reach out to her via email shortly.
Very insightful analysis Rick. Thank you
Glad you enjoyed it, Josh!
I'm new to trading and have already experienced significant losses. I've tried strategies from UA-cam videos and online forums, but they haven't been effective. Any guidance or recommended resources would be greatly appreciated
As a beginner, having a mentor is crucial for accountability and guidance. My CFA Sarah Jane Braunshausen is a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Please educate me. I've come across this name before. Now I am interested. How can I reach her?
This is correct, Sarah strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
Effective signals and strategies enable profitable trading, regardless of experience
Good education video rick!!DCA IN S&P.I think im gone keep 2 stocks in 2025 and put much as possible money in ETFs as you know ...
Sounds like a plan 👌
Can you kindly make a video on the equivalent of IRA and 401k in Germany?
Hey there, in Germany there is no 401(k) but, depending on the company there is Betriebliche Altersvorsorge (BAV).
For IRA, there is not really an alternative. In Germany, the focus is more on state and occupational pensions, with private options supplementing them. So you don't have something like an IRA on your app that you control and choose the investments from
Thanks for the breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Amazing information! Just a thought, before you mentioned about Ray Dalio's book on changing world orders and how the US is near the decline phase. Do you think this means that the backtesting of 20 years or 50 years has merit to a significant degree? Don't get me wrong, backtesting and data is all we have closest to logical reasoning.. what is your view?
Great question. Yes, the US is on its declining phase (who doesn't recognize this doesn't know all the data) but the decline might as well take other 50 years. Nobody knows exactly.
What's interesting is that declining doesn't mean that the economic growth must necessarily slow down. Meaning, the US might ironically even have a better growth while declining (think about the positive effect of inflation on revenue and earnings growth, for investors invested in companies as opposed to whom holds dollars in cash).
So regarding the average growth of the american market i don't have reasons to feel sure that the average long term growth should decline in the next 30 years. When it comes to recessions or market crashes, there's where for sure you can't make any predictions
I had to comment because I noticed you have far less subscribers than you deserve, given the value and specific knowledge you're bringing.
However I think I know why you're not growing at the same pace as other channels in the personal finance space, take Nischa for instance. I don't run my own channel but might start soon, hence observing trends. We can chat about it if you like.
That said, how did you learn to video edit the way you do? It's really good; for real. What software do you use? Any tricks, tips and plugins? I'm curious.
Hey there, thank you so much for the comment.
If you have an idea of why I'm not growing, shoot! I'm curious.
As software, i use Premiere. I learned it by doing, just like photoshop, and i still remember the days when I used to watch my friend use these softwares and i'd say "I don't understand anything of what he's doing". Time and exercise solve everything!
@@rick.austin Thank you so much for the reply. So all the inserting of the B-roll, the animations/motion design, and the Zoom in, zoom out on you when we see you... you do all that yourself? Thats great!
As for growth, content is too technical, hence appropriate for the more nerdy finance segment amongst the youtube audience. Things like "7 habits keeping you poor" or "why I quit a 200k job" are more catchy, albeit I agree they may be more generic and less "true value-add". But remember that youtube is also entertainment for many, not just a place to gather knowledge
@sankalpvaid7829 yes I agree with what you say. I started with general knowledge, but then it didn't get traction enough and only technical videos worked out. So my audience grew technical. I kept trying making general videos but they always performed poorly because of my audience. Now i'm starting to gain some traction also with more general videos, but I feel i need to go slowly in that direction because if i'm suddenly too generic again i don't make any views.
Regarding your first question yes, i do everything myself!
@rick.austin that said, I'm building a business (just for back from San Francisco) which will very soon now involve collaborating with youtubers in the investments and personal finance space. If you're interested in hearing more, and how we are building the first 21st century school ever, let me know how I can get in touch with you.
@@sankalpvaid7829 sure man, you can email me anytime. rick.austin.yt@gmail.com
Are you holding any individual companies at this point? Or all into ETFs
I do, yes. I have around 20% in individual companies at this point