@@QualityContentRick great, thank you. i always try to call them out, so no one falls for them. But the sheer ammount of scambots show, its a good business with lots of victims.
Great video and very true. Get money invested and the "snowball rolling" as early as possible. The trouble is out of control consumerism and the need for instant gratification among millennials. Living like a millionaire prevents people from ever becoming one. Live on a "shoestring" budget, driving an old beater (or no car/bicycle), and live in a cheap apartment with roommates until you have paid off your student debt with every penny you can spare and get that first $100K invested. It is a sacrifice that may take a few years but so worth it. I was able to retire at 52 comfortably and I did not have to sacrifice much except during a few years in the beginning.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, 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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Only suckers use financial advisors. People with bachelor's degrees who literally don't know more about anything than you do. The sandp index is already diversified enough. Not my advice. Warren buffets.
Diversification gives you average performance, not optimal performance. Elon Musk, Steve Jobs, Bill Gates and Jeff Bezos had optimal performance. You don’t get there through diversification. Is it more risky? Sure. But, even small business owners who never become an Apple Computer get far better returns than the S&P. There’s nothing wrong with diversifying. It gives you good, relatively safe performance. Let’s not pretend that it’s something that it isn’t.
In good market conditions, with a growing economy and low-interest rates, financial manager raise funds from venture capitalists, or take the company public and sell shares on the stock market.
As a new nurse I started maxing out my 401K. That was $15,500 then. Because it came straight out of my check I never missed it. I’ve continued to do this for 23 years. The limit is now $19,000. Still doing direct withdrawal. Last I checked my portfolio it’s worth $1.7 million. I was young and went with aggressive funds. My point is, start early, use direct withdrawal. You can’t miss something you never had. Best of luck to everyone.
@@RebelwithaCause777not is it is a Roth 401(k). Also, long term capital gains are 15% and we have a progressive tax system so 40% is a gross overestimation. Plus what possible reason would someone have for cashing out an entire portfolio?!?
*being desciplined and right descision and advice would sustain your wealth, Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every week*
i was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $190K per year but nothing to show for it yet
Alot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across Elizabeth. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any CFP for me or better still can I get on the phone with your CFP? I'm in dire need of proper portfolio allocation.
i've stuck with ‘Elizabeth Colleen Nurre” for some years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
Wow! This is just mind-blowing. I have set aside $480k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
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
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
I got into it too late, but my son is now 8 and we re at 18,000. By the time he is 20 it should be 100,000. So the kid has a good chance, although I missed mine. It's never too late if you have a family!
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. 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..
Started at age 56. First year saved about 11k. It sat in a lame .15% interest account. Second year moved it to HY savings. 🤦♂️ Also saved about another 13K. Year three started with 401K enrollment. Then a Roth IRA. working feverishly to max out 2023 before April 15, then start on 2024. Currently at about 37K. Bonus, I will qualify for the 2025 catch up IRA for people 60-63. I treat this like a part time job and read and research constantly. Paying it forward, I talked three youngsters at work into 401k enrollment as well. Thanks for all the encouraging videos and comments. Now or never.
In 2013 I had less than $5000 in 401K. Now at age 50, I have $150K in 401K, $25K in Roth IRA, $50K in brokerage accts, $7K in HSA and about $15K in cash (money market)
Additional earnings reports from major tech companies, driven by Nvidia, coupled with trader FOMO, could fuel a resurgence in market buying pressure. I'm considering investing over $300k, but I'm uncertain about risk mitigation strategies.
Nvidia stock is roaring like many did during the 1990s bubble. But this time around, the hype around new chips is happening in a more mature demand environment.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
“Lucinda Margaret Crist” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
The process of trading can be complicated when you have limited knowledge. However with the right strategy and setup, you can be successful. That's the whole point of investing. I got into the market 10k and up to 76k in a short period of time. I was able to build a business from my returns♥️♥️
As long as you have a good risk management strategies trading is easy . I do 5 account 500k a day and pull 50k a month out. I use the safety trade system for insanely accurate entries on every timeline. With Mentor DEREK MIA SCOTT 🧡
I'm so happy I made a productive decision about my finances that changes my life forever. I'm a single mother living in Vancouver Canada, bought my first house early this year. All thanks to Derek Mia Scott...
Ever since I started to learn more about building wealth, I have watched so many YT videos that talk about this very concept - that getting to $100K is hard, but once you do that, your money starts working for you. Been waiting for the GOAT to post a video talking about this concept for a while, thanks Humphrey!
You broke the numbers down very well. Perfect timing, I just reached 100K. I did a lot of stupid when I was young but no stopping me now. On my way to 1M!👊💵
I would open a savings account with SoFi which has a 4.6%APY or you could open a brokerage account with Robinhood or webull, I believe they offer a 5% apy for un invested cash, meaning you’re money is just sitting there on the sidelines and remains safe. That could could you about almost $50,000 a year just collecting interest. About $3800 a month.
As an avid investor, I often mull over how accomplished investors are able to amass fortunes through their investment endeavors. Presently, I hold equity exceeding $545K from a recent home sale, yet I'm uncertain about my next investment move. Should I consider buying stocks at this time, or should I await another opportunity?
Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.
I like your dad's saying. It puts wealth into perspective. You can start with nothing and build wealth. It just takes time, discipline, and good financial choices.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire. ..
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million. ..
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach? ..
SUNITA SUZANNE BYG is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Despite my best attempts to save money, contribute to early retirement, and become financially independent, the economy has sucked out a large portion of my assets since the epidemic. I want to know if I should continue to diversify my investments or if I should look into other industries during these erratic times.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
came to this country at 16 my parent never teach me anything about investing, 27 yr now i dont have a savings or a job and no education but i just finished my army career so far future looking uncertain
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@@qhart1996 That's right! Scammers (such as those above) abound on these channels. And the vast majority of them use the exact same pitch (although the names and stock photos of the alleged/fake investment advisors vary).
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get 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.
Hi. 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 child. 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
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
This is why I'm slightly thankful for growing up super poor because I know how to / am willing to tolerate lowering my non needed expenses to almost nothing when it's necessary. Lots of lessons are learned rationing bulk bought clearance food.
I personally was shooting for 100k invested by the end of last year. Lofty goal and fell short. But after 4 years of investing every single week. I am at $87,000 invested 401k, Roth, and brokerage accounts combined. Meh. Ill get there lol
It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other investments that can 10x in 6 months? I have 100k ready to be reinvested
If you don’t understand the markets then stick to an index like the sp500. Dollar cost average and hold long term, or better still consider financial advisory
Right, investing with the help of a specialist set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years and my salary was over 100k annually, until the 2020 covid lockdown. Although I wouldn't have supplemented my income with stocks and alternative investments if it wasn't for the rona crisis. I always find the Positive in every situation. Credits to my FA Dianne Sarah Olson.
NVDA is just weird to me. For all of the hype, we should see something by now. Supposedly it is hitting 200 by December. I just feel like you will al be trapped inside of 130-140 and have graphs like a drunken sailor. Stumbling backward, then forward, further backward, eventually forward, etc... SP500 has always been a safe bet. Schwab gained 5 bucks a share in the past year and they have a divvy. War stocks aren't so bad right now. Howmet and RTX are studs right now. Howmet just had a boost and it might still be going. If you would have put all that in Kelloggs (Kellanova) a few weeks ago you would be filthy rich right now. You also could have taken advantage of the Ely Lilly dip, but they are about to crack a grand again. Could have made over 200 bucks a share.
I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?
My 401k went 100% in the S&P 500 when I started working in 1989. Left 100% alone till 2007 before it went to 666. Because of my 17 years in the 500, I was able to retire this year with $683k in the 401k (and a pension and rental income). There is no other way to retire before you are 70.
Absolutely! Wealth is made in growth investing . We aren’t in a bear market, but nibbling heavy red days has proven to be fruitful for me over 9 years of investing. I am at 2.25 mil. Biggest positions PLTR, TSLA, SCHD, NVDA, and now looking to build up DRGO alongside finding quality value/growth stocks to buy. I got $48k divs last year in taxable divs. Q3 taxable divs this year was $18,388 this year. Don't sell when the market is down. Having a skilled CFA that puts the time in to do in-depth research can be invaluable in strategizing your portfolio.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Just hit 100k in December 2023. I just turned 24 last week and as of today I’m at 112k liquid, not including other assets. Never went to college and work in a trade for 45k annually. Can’t wait to hit a M!
In light of the diminished inflation signals and the Federal Reserve's decision to suspend rate hikes, which investments would be the greatest additions to a $120K portfolio to improve portfolio performance this year?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Credits goes to "Lucinda Margaret Crist" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
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.
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
‘’Jenienne Miniter Fagan’’ 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
The prolonged financial boom has primarily benefited the wealthy elite. Now, as the market corrects, they're poised to profit again through strategic short-selling. Meanwhile, inflation distracts the masses from systemic corruption. I'm torn about liquidating my $338,000 stock portfolio. What's the smartest strategy to capitalize on this bear market and protect my assets amid the impending wealth transfer?
I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.
Our strategic partnership with an asset manager yielded remarkable results: mortgage-free in 24 months. Now, with over $3 million in net worth, my husband and I enjoy retirement, debt-free and financially secure - a testament to the power of informed investing.
That is so amazing, I’m trying to get onto the ladder at 40. I wish at 55 I will be testifying to similar success. How can I reach this manager of yours? because I'm seeking for a more effective approach on my savings
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Sonya Lee Mitchell” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
This is so relatable and true lol. I remembered how tough it was before I hit the $100k mark 37. I am 56 today with over $2.8 million in my retirement nest fund alone, didnt take me any stress to get there. Maybe its because my CFP is reliable, but point is, it was way easier from there.
I'm headed in the same direction, and it's not that difficult. Perhaps too complicated for beginners, but that's why it's best to consult an experienced market strategist.
Agreed. I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.
She goes by 'Amber Russell Bennett'. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finances, but so glad I did!!!
In this context, it means the risk to gain x% is exactly the same. If the market return is 10%, then you get 10% no matter HOW MUCH you risk. The risk PROBABILITY and the return %s are exactly the same.
Well, not really. You need to look at it as the percentage of your wealth. 100$ is not going to be a huge percentage so losing it is low risk for your level of lifestyle. If you have $100k invested and lose it, it's probably going to quite destroy you.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
Watched to the end and I totally agree. My first $100k was the hardest. I started investing when I was 30 back in 1998. Today, I'm 55 and have a decent $3.2M nest egg, although i had supervision of my CFP. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
Congrats on the win man! I am on the same path and It's not even that hard to do. Too rigorous for newbies, maybe, but thats why its advisable to consuIt with good a market strategst.
Agreed. This is why I work with an investment advlsor. I currently have over $800k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures ballpark goal this year.
She's known as 'Amber Russell Bennett'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
When that statment was made, 100K usd had a WAY different buying power. That amount of money is too low to relax but i get its more easy to make a video about reaching 100k than 500k
I’m mostly in cash and waiting for market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $550k? I know election years are positive for the stock market about 90% of the time. Meanwhile, I'm just focused on making better investments and earning more as recession fear increases.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My guess is houses will be the big thing in the future. The national debt is so high that Gov will probably cut back on deficit spending at some point, meaning no more printed money flowing into the stock market hyper charging tech stocks. They'll also have to lower interest rates to 3% just to afford the interest payments on the debt. These factors mean everyone will be dumping money into houses.
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity.
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
The greatest profitable investments typically fly beneath the radar,' is a statement that resonates with me from Warren Buffett. Firsthand experience has taught me this lesson. I discovered that my own emotional prejudices had influenced my decision-making following a traumatic divorce. I turned to a qualified advisor for advice, and she helped me turn my company around. My assets increased significantly-they went from $175k to $650k-due to their professional advise. This encounter made me realize how important impartial advice is to attaining financial success.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
yeah I was thinking about that too. I didn't know when he said it, but like 100k whenever he said it... has to be a hell of a lot more today. getting the first 100k doesn't seem that hard. getting the first million on the other hand... and from a common sense perspective, it just makes more sense. Not that a 100k isn't nice. i'll be there in a bout 1-2 more years if the market continues to do well.
He said it in 1985. 100k then is equal to 294 today. That still don’t change the fact that when you get the compounding effect that really starts making a difference.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
@@VanPelt54u7fcyde57 I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
massive gains! mind sharing details of your adviser pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help fuel my money goal
Bella Mia Darmon is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thanks for putting this out. I curiously searched for Bella Mia Darmon and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
This is so very true. It took me 7 years to get to the first 100K. I just checked my VG account. It already made 55K in the first 8 days of February :) Get to your first 100K and first 1M ASAP
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
In the first scenario, how can you say that the risk is the same in both situations? If you end up with -10% returns instead, you would be down $10,000 instead of $10.
"Explode" may be an exaggeration, but the point is its exponential growth - wealth will generate easier and easier as it grows - but it won't magically make you rich over night.
Charlie munger said this in 1993, adjust for inflation it’s $300k which I could agree with, at $300k you’re investments should be making more than you can at least put into your 401k as the max is $23k
@@Zachery_agreed. It’s good to use a nice round number, but once you’re at $300k in a 401(k), if you’re invested in the S&P 500 ETF and all of the dividends are reinvested, you can literally never deposit again and still have $3m (adjusted for inflation) in 34 years at average 50 year returns. If you continue to put $20k away, that happens in 25-26 years.
I’m 23 years old with some money saved up and man does this feel good to watch this video and remember that I am working towards something every day. Keep up the hard work everyone and see you on the other side.
You're not risking the same by investing more though...that would only be true in retrospect. In reality you don't know what future returns will be so the higher the investment the greater potential loss.
I really enjoyed seeing the math/graph on how money grows. Even though I technically already "know" the content in this video, and others like it, I always learn more. However, the biggest reason why I love this video and others like it, is that it is constant motivation that I for one need and appreciate. Thanks. More like this, please.
This is the knowledge we don't get at school. My journey to the first 100k matches well what you covered. It took mistakes and trails. I am glad someone like you sharing the financial wisdom to us.
Your dad's sayings are not dumb! He sounds like a good teacher and father that taught you valuable lessons about money, something not everybody gets in life. Maybe you should do an episode with him that is just him saying all these words of wisdom.
Lol very true...humprhey didn't get that. These finance guys are so off ...because on the same idea...after 30 years we get to 1M ? ....lol how much will 1M be worth in 30 years for fuck sake?
We have a saying in India. "Boond Boond se ghat banta hai" translating as "Save one drop at a time, fills a bucket", analogoues to your dad's saying. Love it!
It is true. I didn't hit $100k net worth until age 40 after 18 years of working, but 4 years later, I'm over $300k. Part of that is accelerated savings and increased income, but part of it is definitely the benefit of compounding in a favorable investing environment.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get 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.
Hi. 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 child. 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
@@GeorgestraitStriat However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
Exactly! Once $100K hits it's a sigh of relief that you've built up the financial muscle memory. You keep practicing investing but divert more of your time focusing on building your career or other skills.
Currently have 94k after saving for 5 years, cant wait to hit 100k in the next few months and relax. Also the s&p has averaged about 19% per year the last 5 years so that has helped alot
The S&P 500 will go up and it certainly will go down significantly at times, but we’re in it for the long haul! Just keep contributing and DONT try to time the market. Best of Luck!
I'm pretty much exactly at this spot now (~110k) at age 34. Guess it's time to consult a financial advisor... "Luckily" I live way below my potential standards, work a lot and with some smart investing (for me it was crypto, but that obviously doesnt work out for everyone) I managed to accumulate this sum in less than 3 years. But now that I actually got some money at hand I definitely want to be a bit more conservative about my investments. Also while I know how to navigate crypto I actually don't know much about navigating stocks. So learning more about that is the next thing on the menu for me... Thanks for the vids. You definitely helped me to understand where I currently stand. 🙂
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.❤
@MariamFisheryYou're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.🇺🇸
Was with you till the soapbox about overspending around 4:40. Is it overspending if wages are stagnant but prices increase?? No, everything is more expensive.
I think you know what he meant. It was pretty obvious he meant unnecessary spending (buying coffees every day, eating out, nightlife, on trend purchasing etc). You just wanted to whinge about stagnant wages and inflation, and tried to link it to the topic. Poorly.
*I remember having a consultation with a financial analyst last July, and it was incredibly insightful, can't stress enough how helpful experts in this field are!*
As long as you diversify your portfolio, any single investment that you own shouldn't have too much of an impact on your overall return, if it does, diversifying might might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding profits for me.
@@HendersonMiles-kp8gw That’s why I’m 100% in an S&P500 fund. Diversified over 500 of the biggest US companies and 46% of their sales are international.
Is it really "the same risk"? It might be the same percentage or relative risk, but the absolute risk is much higher. It's not the same to lose 100 dollars than to lose 100k dollars
This is correct, which is why it is advisable to put it all or most of it into a highly diversified fund like an S&P index fund because then you get your 10%+ per year with minimal risk.
The same reason it relatively explodes after any any amount - the first £10 is harder than the next, the first £100 after that, then £1,000, then £10k, then £100k and so on and so forth
I agree. Reached this number when I was approx. 30yrs old in 1989. Being out of debt, except for a low-interest mortgage, is extremely helpful. Driving cheap cars helps too.
The main reason saving up to 100K explodes too, is that anyone who has saved to 100K, doesn't "need it". If you saved $100, total, youre probably in a state of life whete a minorly bad day means you need $100 and take it all. When you have $100K, if youre not living too stupidly, even if you have a horrible day, maybe you steal 5-10K. Or maybe you just dont add money that year. I've lived successfully and effectively thrived before on about 15K/year. There is a world of differencr between what happens if your car has a problem on 15K, vs 50K/year. I just put some serious unexpected maintenence on my car, that was at a level that would have put me into a state of shock and life or death in the past. I found it mildly inconvenient and a bother to my luxury plans now.
Yeah that base value is the other half of the equation. Give me 1000% return on 1$ and I will starve. Give me 1,000,000$ with a 10% return and I will do just fine. It is easier for the average person to save 100k in 5-10 years than it is for them to learn how to achieve over a 10% return.
Thanks for the great work, Humphrey! I thought I wasn't doing too bad in my investment strategy, the married put, the call spread, the long straddle, the iron condor... you name it. Not until you layout the math in such intuitive way. Oh boy, I think I am a touch behind to market perform. Of course, real life is not a straight line, COVID happens, financial crisis happens. Nevertheless, park the money in ETF and save myself some pretty serious heart burn. That's a reward in itself. Thanks again and keep up the good work.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I have 200k in savings...what would you do if you were in my position and what expectation would you visualize in 10 years...I am 51 years old, if that helps...Thanks
You misspoke, probability of loss is the same on investing $100 vs. $100,000 - but risk is not the same. Risk on $100 & risk on $100,000 is different. The formula for calculating risk is generally Risk = Likelihood × Impact. Impact is calculated as the the probability of the risk happening by the size of the consequence. "Size" is not a proportion, but an actual value. Therefore, the consequence of a 10% loss on $100,000 is much greater than on $100. So the variables that calculate risk are not the same. You do not take on the same risk, just the same probability of outcome X.
I know home value counts as part of networth, but would you count home value as part of the first 100k net worth you're trying to accumulate? Same for your 401k?
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time . I was able to build a business from my returns 💚
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
Reached 200k this week. It's facinating how your own perspective starts to change. Start easy with an ETF instead of stock picking and focus on putting more money to work. That's my learning after first 7 years of investing. So pay yourself first and spend the rest. :)
I know I’m being that guy, but technically saying what amount your wealth explodes at depends on what you think a lot of money is. I think $100k is a good benchmark for most people right now but it’s equally valid to say it “explodes” at $60k, $150k, etc. depending on what you’re impressed by as far as how much you’re making per year.
Same here, investment is a small part, debt elimination is more important. Paying off loans and credit cards can be up to a %30 return. Guaranteed since most debts are fixed interest. Also net is assets MINUS debts. Good luck you can make it if your not too in the hole.
I am 29 with $10k in retirement and $50k saved.... I messed up my youth hard. I will probably use the $50k for a house downpayment. So in reality I only have like $10k invested. Yikers.
It's the percentage game, where the 10% average market returns is significantly greater when you have a larger sum which is the 100k accelerating the compounding. Great lesson
When I started work out of Uni it was pretty slow. Now that my student loan is paid off, and I'm promoted to a decent salary, and my investments have started to grow beyond that salary... it is really going fast. My only problem is I don't want to spend and ruin it!
Usually it’s amassed. But I do like to use contributed as a metric to feel like I’m more ahead. In this video he said it takes about 7.5 years to get to 100k assuming you contribute 10k a year. After 7.5 years that means you only contributed 75k. So I believe that extra 25k is coming from capital appreciation. At around 5:55 he also mentioned saving 100k doesn’t mean saving 100k. He specifically mentioned that you’ll get there by contributing 90k and the remaining is from appreciation.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Safest approach i feel to go about 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
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’’ Sharon Ann Meny, 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..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
"Rebecca Nassar Dunne" is the licensed fiduciary 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.
Hopefully you enjoyed.
Access my stock portfolio and our community chat here➡ whop.com/critical-wealth
I always enjoy your videos. Thank you for inspiring me.
please do more against those scambot mafias, trying to lure your viewers into their traps. Comment section is full of them.
@@Nitroat-xo4tj Yes. I always call them out when I see them.
@@QualityContentRick great, thank you. i always try to call them out, so no one falls for them. But the sheer ammount of scambots show, its a good business with lots of victims.
Great video and very true. Get money invested and the "snowball rolling" as early as possible. The trouble is out of control consumerism and the need for instant gratification among millennials. Living like a millionaire prevents people from ever becoming one. Live on a "shoestring" budget, driving an old beater (or no car/bicycle), and live in a cheap apartment with roommates until you have paid off your student debt with every penny you can spare and get that first $100K invested. It is a sacrifice that may take a few years but so worth it. I was able to retire at 52 comfortably and I did not have to sacrifice much except during a few years in the beginning.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, 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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Only suckers use financial advisors. People with bachelor's degrees who literally don't know more about anything than you do. The sandp index is already diversified enough. Not my advice. Warren buffets.
Diversification gives you average performance, not optimal performance. Elon Musk, Steve Jobs, Bill Gates and Jeff Bezos had optimal performance. You don’t get there through diversification. Is it more risky? Sure.
But, even small business owners who never become an Apple Computer get far better returns than the S&P.
There’s nothing wrong with diversifying. It gives you good, relatively safe performance. Let’s not pretend that it’s something that it isn’t.
In good market conditions, with a growing economy and low-interest rates, financial manager raise funds from venture capitalists, or take the company public and sell shares on the stock market.
Improving profitability is an important part of financial management. TIMOTHY ERIC MEEK know what it takes to achieve it.
Thats so impressive.
Timothy eric meek is a guru.
How can i reach him?
@@rosannaconstil571 A normal online search of name will be helpful
As a new nurse I started maxing out my 401K. That was $15,500 then. Because it came straight out of my check I never missed it. I’ve continued to do this for 23 years. The limit is now $19,000. Still doing direct withdrawal. Last I checked my portfolio it’s worth $1.7 million. I was young and went with aggressive funds. My point is, start early, use direct withdrawal. You can’t miss something you never had. Best of luck to everyone.
Congrats on your accomplishment! I wanted to input that the 401k limit is now $23k, which is great
Yeah to bad you will have to pay a lot of taxes on that 1.7 million . If you cash out completely now i think it would be near forty percent .
@@RebelwithaCause777 I never mentioned cashing out now. I’ve got a brokerage account not to mention the Rule of 55
@@RebelwithaCause777not is it is a Roth 401(k). Also, long term capital gains are 15% and we have a progressive tax system so 40% is a gross overestimation. Plus what possible reason would someone have for cashing out an entire portfolio?!?
@@AK_AF_LB if you knew anything about what you were talking about you’d know the limits of a yearly Roth IRA.
*being desciplined and right descision and advice would sustain your wealth, Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every week*
i was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $190K per year but nothing to show for it yet
professionals are out there, they know what we dont know and it helps them do their jobs perfectly, give out advices and counselling about everything
Alot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across Elizabeth. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any CFP for me or better still can I get on the phone with your CFP? I'm in dire need of proper portfolio allocation.
i've stuck with ‘Elizabeth Colleen Nurre” for some years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
Wow! This is just mind-blowing. I have set aside $480k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.
Melissa Terri Swayne maintains an online presence that can be easily found through a simple search of her name on the internet.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
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
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
Hope you don't mind if I ask you to recommend this particular professional you use their service?
Her name is Vivian jean wilhelm can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I got into it too late, but my son is now 8 and we re at 18,000. By the time he is 20 it should be 100,000. So the kid has a good chance, although I missed mine. It's never too late if you have a family!
only if you dont spend the money of your so, what you probably will :=)
@@d4rkbeat I just think you're projecting.
This is the way!
what a great person you are. keep it up - both in terms of you and your son.
You’re a great father!
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. 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..
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Her name is. 'RACHEL SARAH PARRISH’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Started at age 56. First year saved about 11k. It sat in a lame .15% interest account. Second year moved it to HY savings. 🤦♂️ Also saved about another 13K. Year three started with 401K enrollment. Then a Roth IRA. working feverishly to max out 2023 before April 15, then start on 2024. Currently at about 37K.
Bonus, I will qualify for the 2025 catch up IRA for people 60-63. I treat this like a part time job and read and research constantly.
Paying it forward, I talked three youngsters at work into 401k enrollment as well.
Thanks for all the encouraging videos and comments.
Now or never.
well done!
Nice work my dude!
Props to you even starting so late still. You got balls of steel
In 2013 I had less than $5000 in 401K. Now at age 50, I have $150K in 401K, $25K in Roth IRA, $50K in brokerage accts, $7K in HSA and about $15K in cash (money market)
I’m happy for you man :) way to go!
Additional earnings reports from major tech companies, driven by Nvidia, coupled with trader FOMO, could fuel a resurgence in market buying pressure. I'm considering investing over $300k, but I'm uncertain about risk mitigation strategies.
Nvidia stock is roaring like many did during the 1990s bubble. But this time around, the hype around new chips is happening in a more mature demand environment.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Marisa Michelle Litwinsky is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@@GabrielZi-xr6zc Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
“Lucinda Margaret Crist” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Every family has that one person who will break the family financial struggle I hope you become the one 😏
We work for years to earn £1million on our retirement while some people put thousands of dollars in some meme coin and they become millionaires
The process of trading can be complicated when you have limited knowledge. However with the right strategy and setup, you can be successful. That's the whole point of investing. I got into the market 10k and up to 76k in a short period of time. I was able to build a business from my returns♥️♥️
As long as you have a good risk management strategies trading is easy . I do 5 account 500k a day and pull 50k a month out. I use the safety trade system for insanely accurate entries on every timeline. With Mentor DEREK MIA SCOTT 🧡
I'm so happy I made a productive decision about my finances that changes my life forever. I'm a single mother living in Vancouver Canada, bought my first house early this year. All thanks to Derek Mia Scott...
This sounds good I would love to be party to it. Is there any way I can speak to her.
Ever since I started to learn more about building wealth, I have watched so many YT videos that talk about this very concept - that getting to $100K is hard, but once you do that, your money starts working for you. Been waiting for the GOAT to post a video talking about this concept for a while, thanks Humphrey!
Thank you!
What’s GOAT?
@@XspeedspecGreatest of All Time
Greatest Of All Time
Yeah i agree, Humphrey and Andre Jikh are the GOAT.
You broke the numbers down very well. Perfect timing, I just reached 100K. I did a lot of stupid when I was young but no stopping me now. On my way to 1M!👊💵
hell yea never to late
Fake account comment.
@@zasta7Which one? This account is actually the most recent.
Me, too, man. I wasted my 20s
I would open a savings account with SoFi which has a 4.6%APY or you could open a brokerage account with Robinhood or webull, I believe they offer a 5% apy for un invested cash, meaning you’re money is just sitting there on the sidelines and remains safe. That could could you about almost $50,000 a year just collecting interest. About $3800 a month.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
Yeah, because it's hocus pocus BS.
As an avid investor, I often mull over how accomplished investors are able to amass fortunes through their investment endeavors. Presently, I hold equity exceeding $545K from a recent home sale, yet I'm uncertain about my next investment move. Should I consider buying stocks at this time, or should I await another opportunity?
Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
buy a place in cash so you're not stressed with paying rent/mortgage and then dump the rest in a diversified ETF like VOO.
Scammer alert
I like your dad's saying. It puts wealth into perspective. You can start with nothing and build wealth. It just takes time, discipline, and good financial choices.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
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I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
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I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
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SUNITA SUZANNE BYG is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it...
Despite my best attempts to save money, contribute to early retirement, and become financially independent, the economy has sucked out a large portion of my assets since the epidemic. I want to know if I should continue to diversify my investments or if I should look into other industries during these erratic times.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
You appear to know the market better than we do, so that makes great sense. Who is the coach?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Super grateful that at 33 I am pushing close to the end of this chart. Cheers to saving and investing since I was 15.
came to this country at 16 my parent never teach me anything about investing, 27 yr now i dont have a savings or a job and no education but i just finished my army career so far future looking uncertain
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
It's crazy how far you go out your way to scam. Sad and pathetic
@@qhart1996 That's right! Scammers (such as those above) abound on these channels. And the vast majority of them use the exact same pitch (although the names and stock photos of the alleged/fake investment advisors vary).
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get 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.
Hi. 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 child. 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
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Pelham04 Oh please I’d love that. Thanks!.
@@Lourd-Bab Clementina Abate Russo is her name.
Lookup with her name on the webpage.
This is why I'm slightly thankful for growing up super poor because I know how to / am willing to tolerate lowering my non needed expenses to almost nothing when it's necessary. Lots of lessons are learned rationing bulk bought clearance food.
Thanks for these videos!
I personally was shooting for 100k invested by the end of last year. Lofty goal and fell short. But after 4 years of investing every single week. I am at $87,000 invested 401k, Roth, and brokerage accounts combined. Meh. Ill get there lol
I started my odyssey with a brokerage acct back in November of 2021. I'm at $96k now, trying to get to $100k by mid March or so.
@@striperkid awesome. I feel like that first $100k will be amazing haha
It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other investments that can 10x in 6 months? I have 100k ready to be reinvested
If you don’t understand the markets then stick to an index like the sp500. Dollar cost average and hold long term, or better still consider financial advisory
Right, investing with the help of a specialist set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years and my salary was over 100k annually, until the 2020 covid lockdown. Although I wouldn't have supplemented my income with stocks and alternative investments if it wasn't for the rona crisis. I always find the Positive in every situation. Credits to my FA Dianne Sarah Olson.
NVDA is just weird to me. For all of the hype, we should see something by now. Supposedly it is hitting 200 by December. I just feel like you will al be trapped inside of 130-140 and have graphs like a drunken sailor. Stumbling backward, then forward, further backward, eventually forward, etc... SP500 has always been a safe bet. Schwab gained 5 bucks a share in the past year and they have a divvy. War stocks aren't so bad right now. Howmet and RTX are studs right now. Howmet just had a boost and it might still be going. If you would have put all that in Kelloggs (Kellanova) a few weeks ago you would be filthy rich right now. You also could have taken advantage of the Ely Lilly dip, but they are about to crack a grand again. Could have made over 200 bucks a share.
Crypto
10x? You will lose all your money if you have to ask on UA-cam.
I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?
My 401k went 100% in the S&P 500 when I started working in 1989. Left 100% alone till 2007 before it went to 666. Because of my 17 years in the 500, I was able to retire this year with $683k in the 401k (and a pension and rental income). There is no other way to retire before you are 70.
Absolutely! Wealth is made in growth investing . We aren’t in a bear market, but nibbling heavy red days has proven to be fruitful for me over 9 years of investing. I am at 2.25 mil. Biggest positions PLTR, TSLA, SCHD, NVDA, and now looking to build up DRGO alongside finding quality value/growth stocks to buy. I got $48k divs last year in taxable divs. Q3 taxable divs this year was $18,388 this year. Don't sell when the market is down. Having a skilled CFA that puts the time in to do in-depth research can be invaluable in strategizing your portfolio.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I’ve been tracking my investment NW since 2021, when I started with 5.5K. I’m now at 44k, projected to pass 60k by EOY. 100k by Dec 2026 is the goal!
You’ll be there in no time friend!!
Just hit 100k in December 2023. I just turned 24 last week and as of today I’m at 112k liquid, not including other assets. Never went to college and work in a trade for 45k annually.
Can’t wait to hit a M!
You got time on your side. Good going. U will have 10M by age 65
Biggest piece of advice?
@@GioGarnada Continue researching and learning from those that have already done it. a book can teach a lifetime of knowledge in a week or less.
@@michaelcoelho5802 which books do you recommend?
AYE i hit 100K being 23 same month as you! Just turned 24 in February now im at 120K liquid too. Samesies
In light of the diminished inflation signals and the Federal Reserve's decision to suspend rate hikes, which investments would be the greatest additions to a $120K portfolio to improve portfolio performance this year?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Credits goes to "Lucinda Margaret Crist" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
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.
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
‘’Jenienne Miniter Fagan’’ 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
Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call
The prolonged financial boom has primarily benefited the wealthy elite. Now, as the market corrects, they're poised to profit again through strategic short-selling. Meanwhile, inflation distracts the masses from systemic corruption. I'm torn about liquidating my $338,000 stock portfolio. What's the smartest strategy to capitalize on this bear market and protect my assets amid the impending wealth transfer?
I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.
Our strategic partnership with an asset manager yielded remarkable results: mortgage-free in 24 months. Now, with over $3 million in net worth, my husband and I enjoy retirement, debt-free and financially secure - a testament to the power of informed investing.
That is so amazing, I’m trying to get onto the ladder at 40. I wish at 55 I will be testifying to similar success. How can I reach this manager of yours? because I'm seeking for a more effective approach on my savings
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Sonya Lee Mitchell” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, i did a quick web search and found her, she has a good profile and i hope to get a response soon
This is so relatable and true lol. I remembered how tough it was before I hit the $100k mark 37. I am 56 today with over $2.8 million in my retirement nest fund alone, didnt take me any stress to get there. Maybe its because my CFP is reliable, but point is, it was way easier from there.
I'm headed in the same direction, and it's not that difficult. Perhaps too complicated for beginners, but that's why it's best to consult an experienced market strategist.
Agreed. I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.
@georgeh Could you be kind enough with details of your advsor please?
She goes by 'Amber Russell Bennett'. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finances, but so glad I did!!!
I appreciate this share. I set up a call with her and I am keen on getting to talk to her particularly.
Weird timing, I reached the 100k in retirement the day this came out. As munger said, it was a bitch.
Definitely lol 😂
So today then lol
how long did it take you?
How many years did it take you?
Weird timing… me too! So now what do I do? It’s just sitting in a savings account.
I agree with all this except the point toward the beginning that risking $100 is the same as $100,000. It absolutely is NOT the same risk.
Right? If instead of gaining 10% you loose it, 10k lost is definitely not the same as a $10 lost 🫠
In this context, it means the risk to gain x% is exactly the same. If the market return is 10%, then you get 10% no matter HOW MUCH you risk. The risk PROBABILITY and the return %s are exactly the same.
he just means statistically. the percentage.
You’re risking the same chance at the % loss, but not the same chance at $ loss
Well, not really. You need to look at it as the percentage of your wealth. 100$ is not going to be a huge percentage so losing it is low risk for your level of lifestyle. If you have $100k invested and lose it, it's probably going to quite destroy you.
Humphrey should make a video of people over 40 and the things a person should look into when investing
Thank you will do!
Yes! I’m 41
How about 18 yrs olds who just graduated? Take their grad money and start investing
@@humphreycan you delete the scambot comments?
@@Nitroat-xo4tjignore them
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@Bireshprema You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Watched to the end and I totally agree. My first $100k was the hardest. I started investing when I was 30 back in 1998. Today, I'm 55 and have a decent $3.2M nest egg, although i had supervision of my CFP. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
Congrats on the win man! I am on the same path and It's not even that hard to do. Too rigorous for newbies, maybe, but thats why its advisable to consuIt with good a market strategst.
Agreed. This is why I work with an investment advlsor. I currently have over $800k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures ballpark goal this year.
@georgeh May I know the name of the advsor who has been assisting you, please?
She's known as 'Amber Russell Bennett'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Just reached out to her since I need all the assistance I can get. I just scheduled a caII. Thanks a lot
When that statment was made, 100K usd had a WAY different buying power. That amount of money is too low to relax but i get its more easy to make a video about reaching 100k than 500k
This is old advice on accumulating 100k…it’s more like 200k in today’s dollars from the 90s
very true. I didn’t even think of that!
@@johannab7715 $100,000 today is still a lot of money. Almost 2 years of average salary for American workers.
Had the same thought!
He can make a video about getting the 10,000 and how it speeds up from there it doesn't matter the principle is the same
I’m mostly in cash and waiting for market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $550k? I know election years are positive for the stock market about 90% of the time. Meanwhile, I'm just focused on making better investments and earning more as recession fear increases.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
My guess is houses will be the big thing in the future.
The national debt is so high that Gov will probably cut back on deficit spending at some point, meaning no more printed money flowing into the stock market hyper charging tech stocks. They'll also have to lower interest rates to 3% just to afford the interest payments on the debt.
These factors mean everyone will be dumping money into houses.
Very important video 🙏 thanks Humphrey!
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity.
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
The greatest profitable investments typically fly beneath the radar,' is a statement that resonates with me from Warren Buffett. Firsthand experience has taught me this lesson. I discovered that my own emotional prejudices had influenced my decision-making following a traumatic divorce. I turned to a qualified advisor for advice, and she helped me turn my company around. My assets increased significantly-they went from $175k to $650k-due to their professional advise. This encounter made me realize how important impartial advice is to attaining financial success.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Please stop with the same script scammers
"The first 100k is a bitch." Charlie Munger says in 1950.
$100,000 in 1950 is equivalent in purchasing power to about $1,287,659.75 today.
Lel.
yeah I was thinking about that too. I didn't know when he said it, but like 100k whenever he said it... has to be a hell of a lot more today. getting the first 100k doesn't seem that hard. getting the first million on the other hand... and from a common sense perspective, it just makes more sense. Not that a 100k isn't nice. i'll be there in a bout 1-2 more years if the market continues to do well.
He said it in 1985. 100k then is equal to 294 today. That still don’t change the fact that when you get the compounding effect that really starts making a difference.
Charlie Munger was going around with popped collars
I thought he said that in the 90s
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
@@VanPelt54u7fcyde57 I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
massive gains! mind sharing details of your adviser pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help fuel my money goal
Bella Mia Darmon is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thanks for putting this out. I curiously searched for Bella Mia Darmon and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
This is so very true. It took me 7 years to get to the first 100K. I just checked my VG account. It already made 55K in the first 8 days of February :) Get to your first 100K and first 1M ASAP
The market has been abnormally good.
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
@@sharon87390Yes, his name's Jamal
Thanks
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
In the first scenario, how can you say that the risk is the same in both situations? If you end up with -10% returns instead, you would be down $10,000 instead of $10.
It Doesn’t explode. It usually doesn’t even compound any faster. Every dollar matters and the first 10k is pretty important.
Yea, it definitely helps and the returns are a little better. But, it's not a gamechanger.
"Explode" may be an exaggeration, but the point is its exponential growth - wealth will generate easier and easier as it grows - but it won't magically make you rich over night.
Charlie munger said this in 1993, adjust for inflation it’s $300k which I could agree with, at $300k you’re investments should be making more than you can at least put into your 401k as the max is $23k
@@Zachery_agreed. It’s good to use a nice round number, but once you’re at $300k in a 401(k), if you’re invested in the S&P 500 ETF and all of the dividends are reinvested, you can literally never deposit again and still have $3m (adjusted for inflation) in 34 years at average 50 year returns. If you continue to put $20k away, that happens in 25-26 years.
Huh
I’m 23 years old with some money saved up and man does this feel good to watch this video and remember that I am working towards something every day. Keep up the hard work everyone and see you on the other side.
I would ditch the girlfriend and go mgtow. It's safer for you AND your finances
You're not risking the same by investing more though...that would only be true in retrospect. In reality you don't know what future returns will be so the higher the investment the greater potential loss.
Yeah by his logic, you should just do some crazy leverage. 😂
There are a lot of vids like this, your’s is good, there should be 1000 more just like this 😊
I really enjoyed seeing the math/graph on how money grows. Even though I technically already "know" the content in this video, and others like it, I always learn more. However, the biggest reason why I love this video and others like it, is that it is constant motivation that I for one need and appreciate. Thanks. More like this, please.
This is the knowledge we don't get at school. My journey to the first 100k matches well what you covered. It took mistakes and trails. I am glad someone like you sharing the financial wisdom to us.
Your dad's sayings are not dumb! He sounds like a good teacher and father that taught you valuable lessons about money, something not everybody gets in life. Maybe you should do an episode with him that is just him saying all these words of wisdom.
one million dollars is just one hundred million pennies
Note that he said that about 25 years ago. Adjusted for inflation it's more like $250k nowadays.
shit... lol
Lol very true...humprhey didn't get that. These finance guys are so off ...because on the same idea...after 30 years we get to 1M ? ....lol how much will 1M be worth in 30 years for fuck sake?
@@giovannizanoni6353 In 30 years, we'll be paying for bread with wheelbarrows full of credit cards.
@giovannizanoni6353 Still a lot, lol.
The exponential growth is the same, the only thing that has changed is the buying power.
We have a saying in India. "Boond Boond se ghat banta hai" translating as "Save one drop at a time, fills a bucket", analogoues to your dad's saying. Love it!
It is true. I didn't hit $100k net worth until age 40 after 18 years of working, but 4 years later, I'm over $300k. Part of that is accelerated savings and increased income, but part of it is definitely the benefit of compounding in a favorable investing environment.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get 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.
Hi. 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 child. 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
@@GeorgestraitStriat However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Bestjudy001Oh please I’d love that. Thanks!
@@GeorgestraitStriat Clementina Abate Russo is her name
Lookup with her name on the webpage.
Exactly! Once $100K hits it's a sigh of relief that you've built up the financial muscle memory. You keep practicing investing but divert more of your time focusing on building your career or other skills.
Currently have 94k after saving for 5 years, cant wait to hit 100k in the next few months and relax. Also the s&p has averaged about 19% per year the last 5 years so that has helped alot
The S&P 500 will go up and it certainly will go down significantly at times, but we’re in it for the long haul! Just keep contributing and DONT try to time the market. Best of Luck!
I'm pretty much exactly at this spot now (~110k) at age 34. Guess it's time to consult a financial advisor...
"Luckily" I live way below my potential standards, work a lot and with some smart investing (for me it was crypto, but that obviously doesnt work out for everyone) I managed to accumulate this sum in less than 3 years. But now that I actually got some money at hand I definitely want to be a bit more conservative about my investments. Also while I know how to navigate crypto I actually don't know much about navigating stocks. So learning more about that is the next thing on the menu for me...
Thanks for the vids. You definitely helped me to understand where I currently stand. 🙂
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.❤
Thank you for this insight, you've really opened my mind to learn more....Got ideas on it already but this really boost me more
Even with the typos and minor mistakes this is one of the best beginner videos l'm come across so far.
@MariamFisheryYou're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with Mrs Kate Herman
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.🇺🇸
Was with you till the soapbox about overspending around 4:40. Is it overspending if wages are stagnant but prices increase?? No, everything is more expensive.
I think you know what he meant. It was pretty obvious he meant unnecessary spending (buying coffees every day, eating out, nightlife, on trend purchasing etc). You just wanted to whinge about stagnant wages and inflation, and tried to link it to the topic. Poorly.
@@db7084 if you think buying coffee everyday is overspending this video was not for you.
The first $100,000 was definitely the hardest for me, but seeing how compound interest works with more and more $ is incredible. Great video!
You're dad is RIGHT. That is why you are good at what you do. Bless his good words.
*I remember having a consultation with a financial analyst last July, and it was incredibly insightful, can't stress enough how helpful experts in this field are!*
As long as you diversify your portfolio, any single investment that you own shouldn't have too much of an impact on your overall return, if it does, diversifying might might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding profits for me.
@@HendersonMiles-kp8gw That’s why I’m 100% in an S&P500 fund. Diversified over 500 of the biggest US companies and 46% of their sales are international.
Amazing this video popped up as I just passed 100k in my equity account. I hope my wealth explodes now. 😎
Compound interest is an exponential function. Most people think wealth grows linearly, its exponetial 😊
Just started a month ago 7.23 (5) into vgt etf everyday and I have 191 into it and have a $2.63, 1.40% return so far
Is it really "the same risk"? It might be the same percentage or relative risk, but the absolute risk is much higher. It's not the same to lose 100 dollars than to lose 100k dollars
This is correct, which is why it is advisable to put it all or most of it into a highly diversified fund like an S&P index fund because then you get your 10%+ per year with minimal risk.
The same reason it relatively explodes after any any amount - the first £10 is harder than the next, the first £100 after that, then £1,000, then £10k, then £100k and so on and so forth
Great premise, and love the video, but I agree with many of the other comments that a $100 investment is not the same risk as $100,000
I agree. Reached this number when I was approx. 30yrs old in 1989.
Being out of debt, except for a low-interest mortgage, is extremely helpful. Driving cheap cars helps too.
4:32 Humphreys friends watching this video 😐
The main reason saving up to 100K explodes too, is that anyone who has saved to 100K, doesn't "need it".
If you saved $100, total, youre probably in a state of life whete a minorly bad day means you need $100 and take it all.
When you have $100K, if youre not living too stupidly, even if you have a horrible day, maybe you steal 5-10K. Or maybe you just dont add money that year.
I've lived successfully and effectively thrived before on about 15K/year. There is a world of differencr between what happens if your car has a problem on 15K, vs 50K/year. I just put some serious unexpected maintenence on my car, that was at a level that would have put me into a state of shock and life or death in the past.
I found it mildly inconvenient and a bother to my luxury plans now.
Yeah that base value is the other half of the equation. Give me 1000% return on 1$ and I will starve. Give me 1,000,000$ with a 10% return and I will do just fine. It is easier for the average person to save 100k in 5-10 years than it is for them to learn how to achieve over a 10% return.
Great video. Im a huge VRITOKEN fan and love your videos on it.
Thanks for the great work, Humphrey! I thought I wasn't doing too bad in my investment strategy, the married put, the call spread, the long straddle, the iron condor... you name it. Not until you layout the math in such intuitive way. Oh boy, I think I am a touch behind to market perform. Of course, real life is not a straight line, COVID happens, financial crisis happens. Nevertheless, park the money in ETF and save myself some pretty serious heart burn. That's a reward in itself. Thanks again and keep up the good work.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I have 200k in savings...what would you do if you were in my position and what expectation would you visualize in 10 years...I am 51 years old, if that helps...Thanks
Love your content and thank you for making it easy to understand. Can you do a video of what to do once the 100K is achieved? Thanks!!
You misspoke, probability of loss is the same on investing $100 vs. $100,000 - but risk is not the same.
Risk on $100 & risk on $100,000 is different. The formula for calculating risk is generally Risk = Likelihood × Impact. Impact is calculated as the the probability of the risk happening by the size of the consequence. "Size" is not a proportion, but an actual value. Therefore, the consequence of a 10% loss on $100,000 is much greater than on $100. So the variables that calculate risk are not the same. You do not take on the same risk, just the same probability of outcome X.
I know home value counts as part of networth, but would you count home value as part of the first 100k net worth you're trying to accumulate? Same for your 401k?
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time . I was able to build a business from my returns 💚
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
I've come across this name before, is he really reliable?
I know him, he is my family's personal broker and also a personal broker in many families I'm United States, he's a licensed broker and a FINRA AGENT
Wow!, I'm surprised you also trade with Alex Gomez, he's the best at what he does.
he's mostly on Telegrams, using the user.
Reached 200k this week. It's facinating how your own perspective starts to change. Start easy with an ETF instead of stock picking and focus on putting more money to work. That's my learning after first 7 years of investing. So pay yourself first and spend the rest. :)
I know I’m being that guy, but technically saying what amount your wealth explodes at depends on what you think a lot of money is. I think $100k is a good benchmark for most people right now but it’s equally valid to say it “explodes” at $60k, $150k, etc. depending on what you’re impressed by as far as how much you’re making per year.
How do you get 7% per year in the stock market? I know it's just an example but the price go up and down and is there a compound interest in stocks?
Yeah trying to hit 100k by 35 I feel so behind. Started investing right before I turned 30.
Same here, investment is a small part, debt elimination is more important. Paying off loans and credit cards can be up to a %30 return. Guaranteed since most debts are fixed interest. Also net is assets MINUS debts. Good luck you can make it if your not too in the hole.
This is not a raise or a competition. It’s called consistency.
I am 29 with $10k in retirement and $50k saved.... I messed up my youth hard. I will probably use the $50k for a house downpayment. So in reality I only have like $10k invested. Yikers.
@hhjhj393 29 is still young though. It's a good time to start stacking. As long as you're stacking big.
@@hhjhj393you’re doing better than 90+% of 29 year olds.
Good quality content, no BS!
- thanks 🙏🏻
It's the percentage game, where the 10% average market returns is significantly greater when you have a larger sum which is the 100k accelerating the compounding. Great lesson
When I started work out of Uni it was pretty slow.
Now that my student loan is paid off, and I'm promoted to a decent salary, and my investments have started to grow beyond that salary... it is really going fast. My only problem is I don't want to spend and ruin it!
Is it the first 100k contributed or amassed? Same goes for when calculating NW which do you utilize?
Usually it’s amassed. But I do like to use contributed as a metric to feel like I’m more ahead.
In this video he said it takes about 7.5 years to get to 100k assuming you contribute 10k a year. After 7.5 years that means you only contributed 75k. So I believe that extra 25k is coming from capital appreciation.
At around 5:55 he also mentioned saving 100k doesn’t mean saving 100k. He specifically mentioned that you’ll get there by contributing 90k and the remaining is from appreciation.
great video man, one question , does this mean all the money has to be in a single account or is it ok to have the 100k on different accounts?
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Safest approach i feel to go about 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
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’’ Sharon Ann Meny, 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..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That does make a lot of sense; you appear to understand the market better than we do. This coach is who?
"Rebecca Nassar Dunne" is the licensed fiduciary 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.
Does the initial $100k include 401k’s through employers? Or are we talking just individual investing?
This video is top notch. I just hit 100k started investing since 2008. Sitting at 112k today.