Hello Everyone - Thank you for checking out the video. I hope this video was informative and helpful. Please consider subscribing to the channel for more videos and leave any comments or questions below.
"a fool and his money are soon parted" I think I am going to rewatch this video periodically in order to continually remind myself of all these wise statements and examples!
Great! Thank you for the comment and checking out some of the videos on the channel. I appreciate it and it's nice to hear you feel they are informative and the information is presented well.
Hi Mike, I've been binge watching your videos and I'm learning a lot. Just wanted to ask you for clarification or advice. You mentioned that we should tune out the noise and do nothing at times for example the market crash of the pandemic outbreak of spring 2020. If I were to be doing the DCA strategy, should I literaly do nothing or keep investing knowing that the market will eventually go back up? And should I keep investing during this time, should I invest more or less money? My thinking is that I should keep investing and sink in more money since the market is on sale. Wanted to know your thoughts on this and I appreciate your informative videos!
I'm delighted that you're enjoying the videos and that you feel you're learning a lot. When I mentioned "tuning out the noise" and "doing nothing" during market corrections or downturns, I was referring to the idea of not altering your investment strategy. You're absolutely right in understanding that the approach of Dollar-Cost Averaging (DCA) remains relevant during those times, as they can prove highly advantageous for consistent monthly investors. So stick with it! In fact, if someone can allocate a bit more from their budget and consider investing a little extra during market corrections, that would be a great strategy. However, it's important to emphasize that attempting to "time" the market and predicting the optimal investment moments isn't a reliable approach. By the way, have you checked out this newer video on DCA? ua-cam.com/video/QVUqNbvaGWI/v-deo.html
Glad you liked it. Credit cards usually have pretty high interest rates and most of them have an interest rate higher than what we should expect to get from an invesment. Thus, we should usually pay down this type of debt first. However, if we have the option of participating in an employer's 401k plan, I feel we should take advantage of participating in that plan up to the point of receiving your full match from the company as we work to pay down any credit card debt.
I'm glad you liked the video. The term "cheapest" can have various meanings for different people. It might refer to the price of a share or whether something currently offers good value or is underpriced. When considering an ETF for the S&P 500, for instance, there are several options to choose from. As long as they are genuine S&P 500 ETFs, it doesn't matter which one we invest in, even though they may have different prices per share. For a comprehensive overview of the S&P 500, you can check out this video: ua-cam.com/video/LL-lkcM1_4U/v-deo.html I do highlight several and one that has a low share price. Hope that helps answer your question. Thanks for checking out the videos!
Yes, it's surprising how many people end up thinking that's a good idea. They rationalize it by believing they can earn more than the interest rate. Sound investing can be quite simple if people can just avoid making silly mistakes and control their emotions. Thank you for checking out the video and leaving a comment-it's appreciated. By the way, if you're interested, I recently posted a video on The 20 Most Important Investment Rules & Lessons Every Investor Needs to Know. ua-cam.com/video/WxEYYZSo4wI/v-deo.html
Great sound advice. I help friends get into stock market investing. I have them start with slowly building up 3 ETFS (SCHD / SPLG / SCHG) and then for the initial few months have them self assess their behaviour etc... Its a good way to gauge their behaviour (FOMO / GREED / PANIC / CHILL) patterns. I also advise these 3 ETFS are good enough to keep adding to and only to widen investmenrs if they really find the whole thing interesting (then i teach them how to value businesses etc) I have about 90% of my portfolio as the looong haul but i do speculate (long positions still) but not cause i expect it will make me super $$ but because i quite enjoy it. I am retired young so have the time and financial breathing space and like to keep the brain active. This % speculation will likely reduce over time. I dont need to beat the market (but also dont mind if i trail the market by a few points either). Just subscribed to your channel. I like your sensible "non hype' approach.
Thank you for the comment and sharing. It sounds like you are helping people with sensible advice. I use the SPLG all the time as a way to help people get started. It's a nice choice for the S&P because the price per share is still pretty low and seems more affordable for beginners. Those other two are great options, too. Happy to hear you liked the channel and subscribed!
@@MikesFinancialEdge yes i saw it yesterday... i will be sharing it... a very good sensible video. buying SPLG with Interactive Brokers is certainly a great low cost fees option.
When talking about the compounded annual growth rate of the S&P 500, it would include the share price appreciation over time plus the dividends that are paid.
It's interesting that so many people like to loose their hard earned money trusting these ferrari driving instagram influencers selling them trading courses, while You Mike offer SO MUCH knowledge here on UA-cam for free, thank you!
Thank you so much for your comment. Unfortunately, there is no shortage of people willing to take advantage of others. It's nice to hear that you feel the content in the videos is valuable and helpful. I appreciate you sharing your thoughts.
Hello Everyone - Thank you for checking out the video. I hope this video was informative and helpful. Please consider subscribing to the channel for more videos and leave any comments or questions below.
"a fool and his money are soon parted"
I think I am going to rewatch this video periodically in order to continually remind myself of all these wise statements and examples!
Good point!
Love this video! I try and watch it at least once a year just to remind myself of all the excellent points covered!
Happy to hear it is so worth your time. There are a lot of good examples we all should try and remember!
You have got a plethora of content this is going to be good use of my time
Thank you for the comment. Happy to hear you feel the content is good and worht your time.
Great information! Gonna share with my kids, nieces, and nephews! Thank you for your channel!
Thank you for the comment. Happy to hear you found it informative and will be sharing with others!
Thanks so much Mike. Your videos helps a lot.
Thanks for the comment. Glad to hear the video was helpful.
Thank you for being so concise and level headed 👍
Thank you for watching. I'm happy to hear you liked it.
Mike, I find all of your videos so informative and well presented. Although I know alot of the information it is always great to get it reinforced.😊
Great! Thank you for the comment and checking out some of the videos on the channel. I appreciate it and it's nice to hear you feel they are informative and the information is presented well.
Real good information, very well explained. Thanks.
Thank you for watching the video and leaving a comment. It's nice to hear that you liked the information.
Great video!!
Thank you!
Hi Mike, I've been binge watching your videos and I'm learning a lot. Just wanted to ask you for clarification or advice. You mentioned that we should tune out the noise and do nothing at times for example the market crash of the pandemic outbreak of spring 2020. If I were to be doing the DCA strategy, should I literaly do nothing or keep investing knowing that the market will eventually go back up? And should I keep investing during this time, should I invest more or less money? My thinking is that I should keep investing and sink in more money since the market is on sale. Wanted to know your thoughts on this and I appreciate your informative videos!
I'm delighted that you're enjoying the videos and that you feel you're learning a lot. When I mentioned "tuning out the noise" and "doing nothing" during market corrections or downturns, I was referring to the idea of not altering your investment strategy. You're absolutely right in understanding that the approach of Dollar-Cost Averaging (DCA) remains relevant during those times, as they can prove highly advantageous for consistent monthly investors. So stick with it!
In fact, if someone can allocate a bit more from their budget and consider investing a little extra during market corrections, that would be a great strategy. However, it's important to emphasize that attempting to "time" the market and predicting the optimal investment moments isn't a reliable approach.
By the way, have you checked out this newer video on DCA? ua-cam.com/video/QVUqNbvaGWI/v-deo.html
Great Video! Should someone pay off their credit cards prior to investing?
Glad you liked it. Credit cards usually have pretty high interest rates and most of them have an interest rate higher than what we should expect to get from an invesment. Thus, we should usually pay down this type of debt first. However, if we have the option of participating in an employer's 401k plan, I feel we should take advantage of participating in that plan up to the point of receiving your full match from the company as we work to pay down any credit card debt.
Thank you for the video. A question, which are the "cheapest" ETF?
I'm glad you liked the video. The term "cheapest" can have various meanings for different people. It might refer to the price of a share or whether something currently offers good value or is underpriced. When considering an ETF for the S&P 500, for instance, there are several options to choose from. As long as they are genuine S&P 500 ETFs, it doesn't matter which one we invest in, even though they may have different prices per share. For a comprehensive overview of the S&P 500, you can check out this video: ua-cam.com/video/LL-lkcM1_4U/v-deo.html I do highlight several and one that has a low share price. Hope that helps answer your question. Thanks for checking out the videos!
5. Never borrow money to invest in stocks should be in everyone’s wall.
Yes, it's surprising how many people end up thinking that's a good idea. They rationalize it by believing they can earn more than the interest rate. Sound investing can be quite simple if people can just avoid making silly mistakes and control their emotions.
Thank you for checking out the video and leaving a comment-it's appreciated. By the way, if you're interested, I recently posted a video on The 20 Most Important Investment Rules & Lessons Every Investor Needs to Know. ua-cam.com/video/WxEYYZSo4wI/v-deo.html
Great sound advice. I help friends get into stock market investing. I have them start with slowly building up 3 ETFS (SCHD / SPLG / SCHG) and then for the initial few months have them self assess their behaviour etc... Its a good way to gauge their behaviour (FOMO / GREED / PANIC / CHILL) patterns. I also advise these 3 ETFS are good enough to keep adding to and only to widen investmenrs if they really find the whole thing interesting (then i teach them how to value businesses etc) I have about 90% of my portfolio as the looong haul but i do speculate (long positions still) but not cause i expect it will make me super $$ but because i quite enjoy it. I am retired young so have the time and financial breathing space and like to keep the brain active. This % speculation will likely reduce over time. I dont need to beat the market (but also dont mind if i trail the market by a few points either). Just subscribed to your channel. I like your sensible "non hype' approach.
Thank you for the comment and sharing. It sounds like you are helping people with sensible advice. I use the SPLG all the time as a way to help people get started. It's a nice choice for the S&P because the price per share is still pretty low and seems more affordable for beginners. Those other two are great options, too. Happy to hear you liked the channel and subscribed!
By the way, I have a video devoted to the S&P 500 and even mention the SPLG. Your friends that have started investing might find it interesting.
@@MikesFinancialEdge yes i saw it yesterday... i will be sharing it... a very good sensible video. buying SPLG with Interactive Brokers is certainly a great low cost fees option.
🙌🙌
Thanks for the comment. Sorry I missed this earlier.🙂
Are dividends counted as returns? S&p got 1.6 dividend but 7-12 returns do dividends get put in that return equation already?
When talking about the compounded annual growth rate of the S&P 500, it would include the share price appreciation over time plus the dividends that are paid.
It's interesting that so many people like to loose their hard earned money trusting these ferrari driving instagram influencers selling them trading courses, while You Mike offer SO MUCH knowledge here on UA-cam for free, thank you!
Thank you so much for your comment. Unfortunately, there is no shortage of people willing to take advantage of others. It's nice to hear that you feel the content in the videos is valuable and helpful. I appreciate you sharing your thoughts.