98% Of Rich People Own These 3 Assets (You Should Too)
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- Опубліковано 16 жов 2024
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What Is The Minority Mindset?
"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh
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Video host: Jaspreet Singh
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DISCLAIMER CONT'D: I'm just a random guy on UA-cam so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
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WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
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Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 and first half of this year with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man.... In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
Impressive gains! how can I get your advisor please, if you don't mind me asking? I could really use a help as of now
Her name is Lina Dineikiene. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip*
Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA.
When diversifying, spread investments across sectors and assets to lower risks. Research and consult a financial advisor for aligned decisions.
People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Annette Christine Conte is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Exactly, I used to undermine the efficiency of a financial advisor until my wife company assigned her an investment adviser back in 2020 and tbh, it’s been the best financial decision I’ve made.
Mind if I ask you to recommend this particular coach you using their service?
Her name is GRISELDA ELENA JEMMOTT’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Insightful. Your counsel couldn't have come at a better moment because I'm currently barely holding on. I'll do some research on her online before calling her.
Investing in funds like ETFs, Mutual funds and Index funds is so much more safe and secure rather than putting all the eggs in one basket. Time also plays a big role in investing just in one stock like Facebook, Apple or Amazon, because these days everyone is busy and have no actual time to sit down, analyze and invest in one particular stock. Work, earn, buy assets and repeat!
Jaspreet, you’ve talked about gold in quite a few of your videos. Do you have any advice on where to buy gold and where to store gold?
S.D. bullion is very good. Very fair people to do business with.
There are plenty of good places to purchase from. As far as storing it, that is a very loaded question.
Store it in a bank or somewhere secure only you would know.
Buy gold at Costco
Land is also a protective asset
Umm...land is property.
Great information. I've been doing well with stocks but you've given me some really good ideas.
Such excellent work Jaspreet!! Bravo!
How about silver
Love your videos! You are now my financial muse!
Very much enriched. However, an octogenarian, l am now in the Q. Waiting for my time to go to La La Land. God bless my soul. I have invested a large portion in my spiritual asset. That's why l am free from lawlessness & He really really gave me good health. This is my tangible asset that l get to enjoy for 17 years & looking up for more Top Up from Him. Give His all the glory. Amen.
AMEN AMEN. Never seen the righteous forsaken. God Bless. Send me a sign once you reach that heavenly place.
Thank you so much for all your help!🌸🌸
New information glad to learn
Great content-thanks
The old adage: Save money really meant "Save in gold" because gold was money; and in a way still is money. You can think of it as another currency that floats against all other currencies. Fiat money loses value over time and real money gains value over time. If the average person knew this, the simplest retirement plan would be to save in real money.
You get it !!! --- Save dollars until you have enough to buy something real .
It's a hedge against inflation. It doesn't grow enough to be a retirement income. It's just better than sitting on a pile of cash.
But how do you sell your gold?
@@jacobshirley7155 Gold is very liquid. Worldwide. Barter for food with it.
You always list Index Funds separately from Mutual Funds. Isn't it more accurate to say Mutual Funds are divided into Managed Funds and Index Funds, because the index funds are still Mutual Funds?
Gold has been up 10X since 2000.
Gold didn’t go up 10x. Currency went down 10x. Gold has no numbers, you valuate gold by weight.
Federal means contractual.
Reserve also has connotations like alcohol or drinks.., think steele reserve, monster reserve, ect..
And bank also means barrier, like snow bank.
the contractual obligation to drink up your resources and use them make barriers to wealth and wellbeing.
Federal reserve bank. :D
Jaspreet I can't Thank you enough for your Financial Education Lessons❤ I just read in the WSJ about how hight fees will you high and drye so Shukriya ❤❤😊
Thank you 🙏🏽
Where do you buy gold?
Silver 👀 will do 10x maybe more 🚀
You don’t know that..
@@Gmac_Greg_M 🍿😆
Highly unlikely
You've been lied to. It will go up over time but it will not 10x. 2x in the next 5+ years is not likely either.
Property is mentioned as a hard asset, could you guve any other ideas of hard assets if you dint want to invest in real estate?
Can you do Kamala Harris’s tax plan please?
Gold wont buy food . Barter and own dry food,water, etc is security. Raise chickens.
I also invest in lead.....
@@kwebber9248 and brass
Gold has bought food for 5000 years now...
@@cheeseman9967 Yup.
Paper Asset, is a speculative asset unless you disallow the brokerage to take custody of your stock. If you demand ownership of your stock certificate it becomes yours, otherwise you don’t owner it. If financial services company goes under… your stock certificate becomes there asset. You looks. FDIC doesn’t cover the lose.
Isn't that the SPIC is for? and how do you request your stock certificate from your kroerage?
@@ayoobi1691 any suggestions @minoritymindset?
Jaspreet do you actually owns your physical golds like Robert Kiyosaki who said he has his physical golds far away from him in private vaults, or it's just gold certificate you have???
Pretty sure he has physical gold since he is an Indian Sikh
His wife probably owns a fair share of gold jewelry
I feel in 2024 investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I like you jaspriet, but what you say about the federal reserve and the goldstandard is naieve at best. The dollar was off the gold standard way before 71, nixxon just made it official because it was no long sustainable due to dollars being created offshore.
Also the federal reserve doesn’t print money, it doesn’t even do or know money(alan greenspan and ben bernanke said so themselves), it claims to do interest rates but even that can be debated. Its just there for the psychology aspect of markets.
What QE and QT do are asset swaps. They trade bank reserves for treasuries in a world where treasuries are far more valuable and useable. QE has a negative effect on liquidity by taking prime collateral (tbills and treasuries)out of the market and replace them with bankreserves, it doesn’t print money whatsoever.
Everyone knows money is not being ‘printed’ physically. QE increases the money supply which is the same thing
@@thetapheonix no,QE doesn't increase the money supply it just replaces bankreserves for treasuries on the banks balance sheets from whom the fed buys the treasuries.
the treasuries were paid for and are much more useful than the bankreserves though the interest rates are about the same.
you'd think it would be net zero but then again treasuries are a much better collateral thus robbing the system of liquidity.
QE is an asset swap and not a creation of money, only banks "create money" and they're not, or at least a lot less than trend. we're in a truly deflationary environment.
We Kick Butt Everyday, Yeah
ppl in these comments sections are hilarious...dudes talking about hedging against inflation and ppl want to argue about the apocalypse ..wild
Unfortunately, both possibilities are on the table. Plan accordingly.
Yea everyone seems to think they know what’s up.
Yeah every GENERATION says the world is ending!! But since 1000's of years the same mind frame ppl stay poor & the same realistic ppl get rich!!!
Motivation
"...below!" 😂
Nice hat!
Deprecation deductions do not work and you will have to pay all that tax money back to IRS once you sell that property
Well, it always made it look more accessible, but the reality is that the more you make, the more the IRS wants to take. Not easy to get loans when you are a minority with 65 years old.
Gold is a protective asset that doesn't produce value like rental properties but serves as a safeguard against inflation and currency devaluation, making it a small yet essential part of an investment portfolio.🙂
When they ended the gold standard in 1971 Gold was $40 per/oz. Today it’s $2385 .. seems like its produced pretty good value to me.
I would argue that equities and real estate are just fine for an inflation hedge. Companies produce products and raise prices in an inflationary environment. Real Estate appreciation alone consistently beats inflation, before including cash flow even
@@ace9840 That’s a great point! The increase in gold’s price over the years certainly shows its potential for value appreciation. While gold doesn’t generate income like rental properties, its role as a hedge against inflation and currency devaluation remains crucial. It’s all about balancing different types of assets in your portfolio.🙂
@@jacobawojtowicz You make a solid point! Equities and real estate can indeed be effective hedges against inflation. Companies often pass on higher costs through price increases, and real estate tends to appreciate over time, frequently outpacing inflation, especially when you factor in rental income. Considering a mix of assets is valuable to create a well-rounded strategy.🙂
@@jacobawojtowicz As long as you know what your doing. How many millions of people, globally, lost everything they had during the 2008 GFC? Anyone who held gold has done just fine and actually beat the markets.
Gold is useless in an apocalyptic scenario, and you never actually own your land
Not true. My uncle and aunt owns lands.
@@ArquelCudia_xAMTCx what happens if they miss a tax payment to their government? 🤔
@@ArquelCudia_xAMTCxyour missing the point
@@decentralizeddad5403In the apocalypse nothing since there is no gov. 😂
@@thetapheonix bingo! Guns and ammo and seed that’s the only thing that matters
How are people selling gold if they need the cash?
Any gold and coin shop will give you cash same day. Every town has one
LCS (local coin shop) or online bullion dealers.
@@SergiuM42Look for the teenager twirling the "cash for gold" sign
I don't seem to trust gold since that 1933 law is still on the books. Other countries are backing their currency in gold, nothing saying we won't or can see another confiscation,
didnt you already post this video a while ago?
I invest in lead to prepare for Doomsday...
Hey J.P. The random guy
Buy EBS . You are welcome. Stock will triple in less than a year
nice
You bet your asset, it's never too late to invest.
Amy has never broken 100. That's only because she needs more time.😂
Is gold going to be unobtainable? As currency devalues gold is going to mars.
FDR took us off the gold standard- not Nixon.
correct me if im wrong but i think FDR did something a little different than Nixon with the gold standard
How is gold going to be useful on doomsday? Wouldn't food, water, energy and shelter be what's important? Couldn't imagine anyone accepting a bar of gold for cattle during the apocalypse...
Lol you’ve made about 10 videos about this rinse and repeat
You never own the land
We can…we just need an army. 😂
I own all my rights to my land in Arizona. Mineral rights, water rights, etc. It’s rare but is offered in rural areas.
Depends on countries. Some country offer freehold land titles which mean you own the land and pass down for generations.
If there are property taxes, you don't own it.
Is it ethical to be a land baron, taking away starter homes from new families ?
Every question like this contains both a problem and a solution. Wealthy people know that in this case the problem is a lack of affordable housing. Wealthy people might also decide they can make more money in less time by developing land and building single family homes, apartments, etc. and then selling them at an affordable price to families.
So my question to you is, is it ethical to take the profits you make off of rentals and build affordable housing to sell to families for more profit?
Building is now the solution to the problem you described. But someone has to profit from this, the people building the housing, the investor paying the contractors, the contractors, etc. Hopefully you see how multiple people benefit when this type of thinking is prominent and encouraged.
2nd
First🎉
😢second
@@richardprice48393rd, but still wanted some relevance.
Thank you 👍