Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 5 million dollars
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
That’s true, Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks
Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
I started the investing game pretty late at 46, so money is pretty important. Trying to gear up to actually be able to have a retirement and break the cycle of generational poverty.
Same here. I’ve always been interested but the general opinion back in the day, it was for the rich only! How stupid was I not to try and do it when I was younger
Well, I believe it's never too late for anyone. I jumped into the market in 2021, but with a lot of financial strength I did hit that coveted 100k and recently the ~$1m mark :) My biggest positions are VOO, VTI, SCHD, VYM, and now looking to build up DRGO alongside my individual stocks. I got ~$24000 divs last year in taxable divs. Q2 taxable divs this year was ~$13k this year.
If one is in their early 40s and just started investing (have 401k from work). Should they just focus on growth etf since it will be too late for them to see real benefits with dividends?
I wouldn't say early 40's is 'too late' for anything related to investing. If you have at least 20 years left to put money into the market then I think growth is a nice way to lean. I would still have a balance of the two. I think value/dividends is good to have at any age in any market (with at least a portion of the portfolio). Having a CFA who dedicates time to thorough research can be extremely valuable to help us individualize our investments based on our specific financial goals and strategies!
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
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.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ 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.
With a good investment plan that ensures steady incomes without any doubts I am prepared for a well organized retirement. I started investing 3 years ago and so far, I am making a good yield on my dividend. Great job bud.
Jonas Herman, a certified fiduciary is the brain behind my success. I've gotten into a plethora of assets with $45k spread across stocks (options and futures) for the short term, index funds, and ETFs, for the long term. Now with over 287k, I sit back and just reinvest at intervals while I focus on my career and family.
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Great video, I’m 50, retired a while at 45. I have 35% of my capital investments in an IRA. 25% in index funds, and the balance spread across other investments acts. In cumulative of over $5m. I receive income from my rental properties too. Zero debt and all is going accordingly.
I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?
You're 27. It's ok. Time for compounding interest. I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
@@Too-old-Forthischetmaybe years ago when you bought into the ETFs at a super low price. Can’t make any money now. Prices super high and markets crashing
You started, that's all that matters! 🙌 I can talk about this more at my upcoming beginners investing livestream. Sign up for free here -> bit.ly/3zUS9hI 🙂
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
*I had problem comprehending trading in general. I tried watching other UA-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies
The first step in every successful investment is to establish your goals and risk tolerance, a task best undertaken with the assistance of financial advisor.
Your channel and knowledge are priceless. I love how you simplify and explain things in detail. Not to mention show tutorials or step by step process. That is was makes you stand out from other channels. Must be th teacher side of you lol. I can only imagine how effective you are as a teacher and speaks volumes. Please continue with this informative and much needed formula. 🙂👏🏽☺️
Thanks to you, I just start my investing journey today. I would say you are the only person i found in the Internet who could explain investing in away that a beginner could understand. You truly are a good teacher! Looking forward to watching more of your investing classes. Thanks
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@YareliClarketwG Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
I've been apprehensive about investing in the present market, but I also believe that it's the ideal moment to start. I've heard of someone making over a million dollars with just $300k, and I'm curious as to what kind of talents and approach might produce such a return.
Avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Several individuals minimize 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 afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
"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.
I opened my Roth in 2014, being maxing up contributions every year since then, doing pretty good. Now got it invested in QDTE giving me weekly divs and reinvesting every week, awesome results.....so far.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you so much for the time and clarity you put to these videos. It takes a great teacher to be able to simplify a complex subject. Very grateful to you and your content!
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether l'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Joseph Nick Cahill taught me to estimate how much you should save based on your age and income. I've been with him for years now and his decades of experience in the markets translate to chunks of value in so many ways! He has upscaled my portfolio and even got me reading self help books haha
JOSEPH NICK CAHILL is his name. He is regarded as a genius in his area and works for Empower Financial Services. He is quite known in his field, look-him up.
Taking your dividend is great, but you have to pay heavy in taxes, especially if you're in a state where you have to pay for both federal and state. Lesson learned.
I'm 57 and just starting my path to financial freedom. With that being said, my gains won't be tax and penalty free for 5 years. Am I correct on that? I am not in a hurry. I'm still working and will continue to work for another 10 years or so. However, I will encourage my children to start saving for themselves and l will most likely start something for my two grandchildren, 2 & 4. Thank you for sharing all your knowledge with the rest of us. I am also a fellow teacher. ❤😊
I've been reading about ways to generate passive income and came across the idea of using a Roth IRA. It seems like a great way to grow wealth tax-free.
The key is to contribute consistently and choose the right investments within the IRA. Over time, it can really grow, especially if you reinvest dividends.
Someone like Aaron Morgan Bell, a CFA, can be invaluable here. He specializes in helping people plan for the future, including maximizing the benefits of accounts like Roth IRAs.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Karen Cullen.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
Steve!!! Love the way you transfer knowledge...this is not easy but you make sooo clear to understand! Thank you very much! Can I ask you how you can add your savings account as your core account in Fidelity? Also if you wouldn't mind to brieftly show the different interfaces when browsing around to complete the same steps? Like Schwab, vanguard....Thanks again!!
Thank you very much for this informative video. As many said in the comments, I wish I started this sooner. I am in my early 40s and I just opened a account with Fidelity. I plan on doing weekly transfers to get 7000 by the end of the year.at least I will be proportioned well for 2025. I am also a new subscriber and I will continue to rewatch this video once my funds grow. Then I will dive into the rest of your videos.
Investing in what aligns with your values and comfort zone is crucial. This is exactly why I invested in turnkey multifamily properties: brand new 4plex and 8plex apartments, hands-off and hassle-free with a one-time, minimal capital entry.
You're such a good teacher ❤ so are you saying that I can't collect dividends until 5 years as a beginner? You also mentioned that age has to be 59 1/2 to be tax-free. So, how are you collecting your income now as a young millionaire? That means you're being taxed all the time? Thanks Steven 🎉
I started my Roth 20 years ago and invested the max every paycheck. At 20 years (of good returns) I have just a small fraction of the "potential" account balanced as shown in this video. Don't assume that your account balance will be anywhere close to this.
Could you do a video about what type of stock market account you need if you want to invest for only 10-15 years and then use the money on a down payment? I see a lot of retirement and long term investing, but not much on short term. Thank you so much!! Your videos are the best I’ve found online to explain investing!
Thank you so much. The video was amazing. How do we get to that one million dollar account?how long does it take? I'm 46 yes old and can contribute the $583. Thanks
ive been watching all the videos but I still feel so overwhelmed. when people make "basic" or "beginner" guides they are already using terminology I have to look up and refer to concepts with out explaining them. I guess I need a beginners guide to beginners guides
Hi Steve... Been following you for a while now.... Really enjoy how you teach... Simple enough to understand but very I formative points... I'm from South Africa.... Small beautiful country right at the bottom of the African continent.... I would like to join your learning channel. Please can you advise me on this process. Hope to hear from you soon. Cheers.
If one does not have the budget to invest the full amout to the Roth IRA ( $2000/yr) or less. Is it possible to still make money?. Can i start with $1k? So many questions i need answered, but i will keep doing my research.
Hi Steve, super beginner investor here! I recently discovered your channel and am enjoying the content! Since these income strategies are within a Roth IRA, is it advised to withdraw earnings before 59.5? You mention withdrawing from dividends, the 4% rule, and premiums from covered calls into your main checking account, so i wonder if this is common to withdraw earnings, or if you advise just re-investing it into your Roth IRA to avoid taxes. In addition, what is the difference between having an index fund in a Roth IRA vs separately not in a Roth. Thank you and I look forward to your future videos. 🤝
As I near retirement, securing the stability of my 401k after the tumultuous year of 2022 is of utmost importance. I've heard stories of investors achieving up to $270k in ROI during this ongoing market downturn. Any guidance on how to improve my ROI before retirement would be greatly appreciated.
There are strategies capable of delivering consistent gains irrespective of economic or market conditions, but these are typically implemented by seasoned investment experts or advisors.
For near retirees, having an investment advisor is the way to go. I've been with one because I lack the expertise and emotional fortitude for market ups and downs. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks realise.
"Amber Michelle Smith" has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Great information Steve, been following for a bit now and I want to start investing in a roth ira as you explained but I would like to know how can I move some stocks that I have from a previous employer (not 401k) into a roth ira with out having to pay taxes on them thanks for the advice
Question about Selling Covered Calls. If I’m a beginner investor I won’t have 100 shares of SPY so I can’t really use this income strategy until I own 100 shares. Is it correct or I miss something?
I love the added animations of pulsating arrow s and appearing/disappearing underlines for emphasis. Were these added in PowerPoint using their animation options?
Steve! Can you please make more easy to understand videos on roth ira for beginners that want to invest the max yearly, so that we can get the max yield? I am trying to get into the roth ira game, and have been searching up videos on here, but too many of them either peddle with some type of paid sponsors, or use too many advanced terms without explaining what they mean? :(
Great video, I have a question. If a person is married, if that person is max out on their contributions, can the wife of husband open an account to max out their contributions. I know this sounds crazy, but I’m just thinking your money is growing twice as fast, cause both are maxing out their contributions. So in 30 years the couple will have $2-5 million plus in 30 years. Thanks
I just joined your course this month and it is very informative. I am currently a high school Algebra teacher. Although I am starting late with investments (I’m 50 😢) I am excited to get started and learning as much as I can before school starts so I can jump in. What would be the quickest way to grow my portfolio since I started so late?
I agree. If I were in wealth-building mode, I would keep all the principle and growth within the account to continue to let my capital grow over time. I would even enable DRIP to automate my dividend reinvestments.
So I’m a complete beginner. You said early in the video that you transfer your money you make into a checking acct but at the end you mention that you have to wait until 59.5 to withdraw without a penalty so which is it I’m lost someone please help
Beautiful and simple. One question, I opened a Brokerage Account rather than a Roth IRA thinking (by what I heard and saw at the time) was better. Do you suggest moving all my positions and stocks to a Roth IRA account instead? Or to keep my brokerage account has my main. In other words, can the account I have do the same as a roth? Im 24 years old
Hello, You mention we can transfer dividend as passive income into bank account. Is it apply to Roth IRA even though I am not at retirement age yet? Is it considered withdraw?
Great video, Steve. Since Roth IRA is investment after tax. And once you invest you invest in ETF. Will the returns be the same if I buy the same ETF from a taxable trading account
Hi steve, i get inspired with your videos and would like to start this journey, Is it possible to open roth ira account if im not a us citizen?? And if not, what can i do?? Thanks
@@CalltoLeap They are good for Roth IRA but they do not let you choose SPY or QQQ. They are only letting you use their products, so I'm moving to Charles Schawb and continuing to build my Roth IRA and have something versus nothing. Your videos are awesome.
Hi Steve; I’m 58 , I was wondering if I can open the Roth IRA, or is too late ? I’m planning to work and other 10 more years and . Please give me advice what should I do since I start late. Thank you 🙏
When your shares are called away, you can: repurchase at market price, buy back at the current price, wait for a dip, use a put option (buy a put to set a future purchase price). Your choice depends on your strategy and market conditions 👍
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 5 million dollars
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
That’s true, Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks
I've been thinking of going this route of using an advisor. Could you recommend yours?
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
I wish they taught investing at school level. There is so much advantage to doing this! My biggest regret is that I started so late.
I started the investing game pretty late at 46, so money is pretty important. Trying to gear up to actually be able to have a retirement and break the cycle of generational poverty.
Same here. I’ve always been interested but the general opinion back in the day, it was for the rich only! How stupid was I not to try and do it when I was younger
Well, I believe it's never too late for anyone. I jumped into the market in 2021, but with a lot of financial strength I did hit that coveted 100k and recently the ~$1m mark :) My biggest positions are VOO, VTI, SCHD, VYM, and now looking to build up DRGO alongside my individual stocks. I got ~$24000 divs last year in taxable divs. Q2 taxable divs this year was ~$13k this year.
If one is in their early 40s and just started investing (have 401k from work). Should they just focus on growth etf since it will be too late for them to see real benefits with dividends?
I wouldn't say early 40's is 'too late' for anything related to investing. If you have at least 20 years left to put money into the market then I think growth is a nice way to lean. I would still have a balance of the two. I think value/dividends is good to have at any age in any market (with at least a portion of the portfolio). Having a CFA who dedicates time to thorough research can be extremely valuable to help us individualize our investments based on our specific financial goals and strategies!
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
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.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ 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.
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.
With a good investment plan that ensures steady incomes without any doubts I am prepared for a well organized retirement. I started investing 3 years ago and so far, I am making a good yield on my dividend. Great job bud.
How has your journey investing been? What assets did you invest in?
Jonas Herman, a certified fiduciary is the brain behind my success. I've gotten into a plethora of assets with $45k spread across stocks (options and futures) for the short term, index funds, and ETFs, for the long term. Now with over 287k, I sit back and just reinvest at intervals while I focus on my career and family.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.
I just turned 47. I hope it's not too late for me to get started. How can I connect with him?
Hermanw jonas that’s his gmail okay
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
You trade with Ann Elizabeth too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
She spends most of her time on telegrans, with the user name
@Annmesser15 that's it...
Great video, I’m 50, retired a while at 45. I have 35% of my capital investments in an IRA. 25% in index funds, and the balance spread across other investments acts. In cumulative of over $5m. I receive income from my rental properties too. Zero debt and all is going accordingly.
I am 39 years old. I started last year which is 2023 and max out my Roth IRA. Thanks Steve ❤.
Me too. I can't believe I didn't do this before. I do have a pension and 200k annuity but still not enough
I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?
You're 27. It's ok. Time for compounding interest. I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
@@Too-old-Forthischetmaybe years ago when you bought into the ETFs at a super low price. Can’t make any money now. Prices super high and markets crashing
You started, that's all that matters! 🙌 I can talk about this more at my upcoming beginners investing livestream. Sign up for free here -> bit.ly/3zUS9hI 🙂
You are way ahead of the game
Wish I started at 27! You’re doing awesome!! 👏
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
pls how can I reach this expert, I need someone to help me manage my portfolio
Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
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 had problem comprehending trading in general. I tried watching other UA-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies
I will advise you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you i think that way your assets are more secure
I'd recommend KATRINA,GEORGE her profit is great even when there's a dip
The first step in every successful investment is to establish your goals and risk tolerance, a task best undertaken with the assistance of financial advisor.
Your channel and knowledge are priceless. I love how you simplify and explain things in detail. Not to mention show tutorials or step by step process. That is was makes you stand out from other channels. Must be th teacher side of you lol. I can only imagine how effective you are as a teacher and speaks volumes. Please continue with this informative and much needed formula. 🙂👏🏽☺️
Appreciate it! 🙌
Thanks to you, I just start my investing journey today. I would say you are the only person i found in the Internet who could explain investing in away that a beginner could understand. You truly are a good teacher! Looking forward to watching more of your investing classes. Thanks
You are the bestest man on the internet
Wow thanks! 🙂🙌
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@YareliClarketwG Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@@SuoncyCharlotte Oh please I’d love that. Thanks!
Lookup with her name on the webpage
*MARGARET MOLLI ALVEY* , lookup with her name online.
I've been apprehensive about investing in the present market, but I also believe that it's the ideal moment to start. I've heard of someone making over a million dollars with just $300k, and I'm curious as to what kind of talents and approach might produce such a return.
Avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Several individuals minimize 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 afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
"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.
I followed everything until the sell covered calls topic. I would like to see more video of that please
I have some videos on my channel on covered calls 🙂
I opened my Roth in 2014, being maxing up contributions every year since then, doing pretty good. Now got it invested in QDTE giving me weekly divs and reinvesting every week, awesome results.....so far.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Very informative and concise. Not too complicated. Depending on your learning curve.
Glad you found it helpful! 🙂
Thank you so much for the time and clarity you put to these videos. It takes a great teacher to be able to simplify a complex subject. Very grateful to you and your content!
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether l'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Joseph Nick Cahill taught me to estimate how much you should save based on your age and income. I've been with him for years now and his decades of experience in the markets translate to chunks of value in so many ways! He has upscaled my portfolio and even got me reading self help books haha
@@OwenFlex Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.
JOSEPH NICK CAHILL is his name. He is regarded as a genius in his area and works for Empower Financial Services. He is quite known in his field, look-him up.
Thanks for this tip. I have just Googled his name and his website came up right away. It looks impressive so far.
Taking your dividend is great, but you have to pay heavy in taxes, especially if you're in a state where you have to pay for both federal and state. Lesson learned.
luckily I live in Texas!!!
I'm 57 and just starting my path to financial freedom. With that being said, my gains won't be tax and penalty free for 5 years. Am I correct on that? I am not in a hurry. I'm still working and will continue to work for another 10 years or so. However, I will encourage my children to start saving for themselves and l will most likely start something for my two grandchildren, 2 & 4. Thank you for sharing all your knowledge with the rest of us. I am also a fellow teacher. ❤😊
Outstanding information!!! Your explanation and charts make it very easy to understand!
Very informative !
Thanks for the support! :)
Really great video!! Thank you for the simplicity especially for me as a beginner
I love your videos! You are a wealth of knowledge. Thank you for sharing!
I've been reading about ways to generate passive income and came across the idea of using a Roth IRA. It seems like a great way to grow wealth tax-free.
Roth IRAs are fantastic for building passive income, especially because the withdrawals are tax-free in retirement.
It’s a powerful tool for long-term savings.
The key is to contribute consistently and choose the right investments within the IRA. Over time, it can really grow, especially if you reinvest dividends.
That makes sense. But there are so many investment options, it can be overwhelming to decide where to start.
Someone like Aaron Morgan Bell, a CFA, can be invaluable here. He specializes in helping people plan for the future, including maximizing the benefits of accounts like Roth IRAs.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Karen Cullen.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Isn't that the same Mrs Karen Cullen that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
Join my Master Class tonight and let's discuss! You can sign up here: bit.ly/4aMYrx8 🙂
Thank you. This is pretty easy to understand.
Steve!!! Love the way you transfer knowledge...this is not easy but you make sooo clear to understand! Thank you very much!
Can I ask you how you can add your savings account as your core account in Fidelity?
Also if you wouldn't mind to brieftly show the different interfaces when browsing around to complete the same steps? Like Schwab, vanguard....Thanks again!!
Aw thanks Evelyn! It means a lot to me. Sure! I can most likely make a video on Schwab in the future because I also use Schwab.
I am so grateful to follow your advices .very helpful.
You keep killing with the video's 👍
Thanks so much! :)
Thank you for the thorough explanation.
I think you explained it very well. Thanks for the info
You are the best. I'm following you 👍🏼
🙌
Thanks for the advice. Enjoy your content.
Great job! Would it be possible for you to cover the backdoor Roth IRA for those who don't meet the criteria to open a Roth IRA?
Thank you very much for this informative video. As many said in the comments, I wish I started this sooner. I am in my early 40s and I just opened a account with Fidelity. I plan on doing weekly transfers to get 7000 by the end of the year.at least I will be proportioned well for 2025. I am also a new subscriber and I will continue to rewatch this video once my funds grow. Then I will dive into the rest of your videos.
This is such a great video 🙏🏽 Thank you
Thank you so much! Such great info❤
Investing in what aligns with your values and comfort zone is crucial. This is exactly why I invested in turnkey multifamily properties: brand new 4plex and 8plex apartments, hands-off and hassle-free with a one-time, minimal capital entry.
You're such a good teacher ❤ so are you saying that I can't collect dividends until 5 years as a beginner? You also mentioned that age has to be 59 1/2 to be tax-free. So, how are you collecting your income now as a young millionaire? That means you're being taxed all the time? Thanks Steven 🎉
Great info I'm a beginner. Thanx!
I started my Roth 20 years ago and invested the max every paycheck. At 20 years (of good returns) I have just a small fraction of the "potential" account balanced as shown in this video. Don't assume that your account balance will be anywhere close to this.
You are awesome! Thanks for sharing!!!
Please more on the options and even how to place and close it out on the an app
I can talk about this more at my upcoming beginners investing livestream. Sign up for free here -> bit.ly/3zUS9hI 🙂
Wouldn't it be better to purchase VOO rather than SPY? The expense ratio and yield are better.
Loved the video thought it was so insightful!! I subscribed you are definitely helping people become make wiser financial decisions!!
Thanks for subscribing!
Could you do a video about what type of stock market account you need if you want to invest for only 10-15 years and then use the money on a down payment? I see a lot of retirement and long term investing, but not much on short term. Thank you so much!! Your videos are the best I’ve found online to explain investing!
You're awesome!! 🤩🤩🤩
Thank you so much. The video was amazing. How do we get to that one million dollar account?how long does it take? I'm 46 yes old and can contribute the $583. Thanks
ive been watching all the videos but I still feel so overwhelmed. when people make "basic" or "beginner" guides they are already using terminology I have to look up and refer to concepts with out explaining them. I guess I need a beginners guide to beginners guides
Can you make a video child Roth IRA with parents have business and no business?
Sure! Custodial Roth IRAs are a good way to get your kids investing (as long as they have income)
Can you do a video on how to do a taxable brokerage account and what is best to have in it for stocks to be tax efficient?
I can talk about this more at my upcoming beginners investing livestream. Sign up for free here -> bit.ly/3zUS9hI 🙂
Hi Steve... Been following you for a while now.... Really enjoy how you teach... Simple enough to understand but very I formative points... I'm from South Africa.... Small beautiful country right at the bottom of the African continent.... I would like to join your learning channel. Please can you advise me on this process. Hope to hear from you soon. Cheers.
If one does not have the budget to invest the full amout to the Roth IRA ( $2000/yr) or less. Is it possible to still make money?. Can i start with $1k? So many questions i need answered, but i will keep doing my research.
You and me both! I have the same question.
Hi Steve, super beginner investor here! I recently discovered your channel and am enjoying the content! Since these income strategies are within a Roth IRA, is it advised to withdraw earnings before 59.5? You mention withdrawing from dividends, the 4% rule, and premiums from covered calls into your main checking account, so i wonder if this is common to withdraw earnings, or if you advise just re-investing it into your Roth IRA to avoid taxes. In addition, what is the difference between having an index fund in a Roth IRA vs separately not in a Roth. Thank you and I look forward to your future videos. 🤝
As I near retirement, securing the stability of my 401k after the tumultuous year of 2022 is of utmost importance. I've heard stories of investors achieving up to $270k in ROI during this ongoing market downturn. Any guidance on how to improve my ROI before retirement would be greatly appreciated.
There are strategies capable of delivering consistent gains irrespective of economic or market conditions, but these are typically implemented by seasoned investment experts or advisors.
For near retirees, having an investment advisor is the way to go. I've been with one because I lack the expertise and emotional fortitude for market ups and downs. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks realise.
Could you kindly share the contact information for your financial advisor here? I'm in urgent need of one.
"Amber Michelle Smith" has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Thanks for making this!
No problem!
Thanks 🤙
Is there a minimum amount that I can contribute monthly or it is required to put $500+?
Great information Steve, been following for a bit now and I want to start investing in a roth ira as you explained but I would like to know how can I move some stocks that I have from a previous employer (not 401k) into a roth ira with out having to pay taxes on them thanks for the advice
This reminds me of the Cher song: If I could turn back time…! You have to start EARLY with this strategy. I mean like 18 years old.
Helpful post! Would like to learn more about cover calls
You got it! Thanks Pat! :)
I also have a lot of videos on covered calls on my channel!
Excellent. How do you do it on a Vanguard account?
Do you have a video on how to option hedge your portion? Thanks
Greetings. Very good videos. I wanted to ask if when selling a cover call and it is assigned, do you have to pay interest on everything earned?
Question about Selling Covered Calls. If I’m a beginner investor I won’t have 100 shares of SPY so I can’t really use this income strategy until I own 100 shares. Is it correct or I miss something?
Great content !! Awesome break down
Thank you!
I love the added animations of pulsating arrow s and appearing/disappearing underlines for emphasis. Were these added in PowerPoint using their animation options?
I used Canva. Heh
Steve! Can you please make more easy to understand videos on roth ira for beginners that want to invest the max yearly, so that we can get the max yield?
I am trying to get into the roth ira game, and have been searching up videos on here, but too many of them either peddle with some type of paid sponsors, or use too many advanced terms without explaining what they mean? :(
Sure! I'll make more videos on this.
How do I get access to the compounding calculator you use?
Great video, I have a question. If a person is married, if that person is max out on their contributions, can the wife of husband open an account to max out their contributions. I know this sounds crazy, but I’m just thinking your money is growing twice as fast, cause both are maxing out their contributions. So in 30 years the couple will have $2-5 million plus in 30 years. Thanks
I just joined your course this month and it is very informative. I am currently a high school Algebra teacher. Although I am starting late with investments (I’m 50 😢) I am excited to get started and learning as much as I can before school starts so I can jump in. What would be the quickest way to grow my portfolio since I started so late?
Hey fellow teacher! 👋 The important thing is that you started. I have some videos coming out for my friends in their 50s, so be sure to check back!
I don't believe in removing principle for any reason except extreme emergency. I'm more for the income factory versus equity growth.
I agree. If I were in wealth-building mode, I would keep all the principle and growth within the account to continue to let my capital grow over time. I would even enable DRIP to automate my dividend reinvestments.
@@CalltoLeap DRIP is wholly under talked about. Let your money work for you
Would it make more sense to do one of these strategies vs investing into my 401k?
Factor in inflation to get real purchase power
So I’m a complete beginner. You said early in the video that you transfer your money you make into a checking acct but at the end you mention that you have to wait until 59.5 to withdraw without a penalty so which is it I’m lost someone please help
Reason why someone will sell portfolio? How to sell?
key word 40 years. if your 20 y/o or below thats good for you.
Beautiful and simple. One question, I opened a Brokerage Account rather than a Roth IRA thinking (by what I heard and saw at the time) was better. Do you suggest moving all my positions and stocks to a Roth IRA account instead? Or to keep my brokerage account has my main. In other words, can the account I have do the same as a roth? Im 24 years old
The benefit to a Roth IRA is you will not have to pay any taxes on your gains. That’s not the case for a brokerage account.
When’s the last day you can contribute to your Roth IRA?
And when can you start contributing for the next year?
thank you broh
Hello,
You mention we can transfer dividend as passive income into bank account. Is it apply to Roth IRA even though I am not at retirement age yet? Is it considered withdraw?
Great video, Steve. Since Roth IRA is investment after tax. And once you invest you invest in ETF. Will the returns be the same if I buy the same ETF from a taxable trading account
Capital gains tax on dividens also dividens are not free money it's taken from profit from the annual earnings right
Where should I open account for Roth IRA
What for people located in Europe? Fidelity seems to be only for people living in the US
Hi steve, i get inspired with your videos and would like to start this journey,
Is it possible to open roth ira account if im not a us citizen??
And if not, what can i do??
Thanks
Do you have this same tutorial using Vanguard????
What is the 5 year rule
can you walk us thru with Schwab. Schwab doesn't have the section to deposit monthly
Can you take the dividends even if you aren't 59 or whatever? If so do you pay taxes OR fees on that?
What is your opinion of Victory Capital for Roth IRA?
Never used them. What are your thoughts?
@@CalltoLeap They are good for Roth IRA but they do not let you choose SPY or QQQ. They are only letting you use their products, so I'm moving to Charles Schawb and continuing to build my Roth IRA and have something versus nothing. Your videos are awesome.
最高素晴らしいかった👍👍👍
is it better to reinvest the dividens u get into buying more S & P 500 or nah?
@Steve-youtube338 sorry I don't know what thoese numbers mean lol
Hi Steve; I’m 58 , I was wondering if I can open the Roth IRA, or is too late ? I’m planning to work and other 10 more years and . Please give me advice what should I do since I start late. Thank you 🙏
I would still invest, but I would be more conservative in investing in ETFs
If your shares get called away, do you normally repurchase at market price, wait for a dip or buy using a put?
When your shares are called away, you can: repurchase at market price, buy back at the current price, wait for a dip, use a put option (buy a put to set a future purchase price). Your choice depends on your strategy and market conditions 👍
@@CalltoLeap the question was what do you normally do..