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...
@@WitaRehbaum 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*
I invest 2k per month into VTI on the 1st of every month and coincidentally I pay my 2k a month rent payment for my 1 bedroom apartment on the 1st of every month as well. I also max out my 401k every year. I am single and don’t know what I will do with my life when I retire or who I will leave my money to.
Sounds like you’re doing well! I’m sure you can find a way to enjoy the fruits of your hard work in retirement, or leave something to a good cause if you don’t want to spend it all
Don't wait until you retire to enjoy your life. The world may not be the same in 25 yrs. If a small 3 mile piece of rock hits earth were all screwed. I travel twice a yr & make friends all over the world bc tomorrow isn't promised
@@o.c.g.m9426 The odds are, you're going to grow old. Don't play against the odds too hard, and make sure you're caring for the old version of yourself. Nothing is promised, so we have to go with what is most likely to happen, not count on a 3 mile piece of rock coming. The odds are, it wont in your lifetime.
this video is from last year. what about this year with the current share price of vti? also, when you talk about LEAN & LUXURY Retirement, what is the monthly return (in usd) you are expecting based on the 7.5% return base?
Wouldn't it be best once you are about to retire to put it into something like a mix of Vanguard High Dividend ETF and also Realty Income so that you can collect higher dividend yields?
thanks! for US investing I like to use Questrade. There are other options though - I'm planning on releasing a full guide on the best stock brokerages in Canada soon
Currently I max my 401K, max a Roth for both myself and my partner. Any left I pump VTI. Does this seem like a reasonable strategy? BTW, I alos have a fully funded E fund.
Keep in mind, VYM has twice the express ratio of VTI. So Vanguard will charge $3 per year, for every 10k worth of VTI and they'll charge $6 per year for every 10k worth of VYM. If it's not outperforming the fee difference, you'll be feeding Vanguard, not yourself. You need to check the amount holding, and the amount of years you'll be holding it until (during too, if you don't plan to change) retirement. When it comes to planning for retirement, fee's can be (and most often are) the largest factor in the end, with how much you payed vs how much you keep. TWICE the fee, is a very large difference to be making up for, over many years, when it comes to hundreds of thousands of dollars (or if you're lucky, millions.) Be sure to do that math (using the longest period of numbers you can find - 10 yr plus). The math never lies.
@@Warrior_Resisting_Colonialism true! But 0.06% is still super low! $6 for every 10k.. $60 for 100k $600 for 1M. What’s is 600 per year if you have 1M? Nothing. I own both.. 327 shares of vti and 147 VYM. Great ETFs both of them!
@@WalletInvestUSA You're forgetting two VERY important factors. That's only 1 year. You'll work about 40, not just the one, of course. THEN, you have to take into account, that when your money is going towards those fees, over those 40 years, that's less money that will be compounding and working for you. THIS is the big part of the equation, not just that it will cost you X more per year, but you'll not be compounding as much; the most important of it all. This is why the fee is SO vital in the long run.
@@WalletInvestUSA That's not all there is about it. It's not just the paying of the fee, it's that, when you do pay, that's less you have working for you in the account, compounding over the years. Over the course of the account, the difference can be hundreds of thousands of dollars. You don't have a separate account that you pay fees from. It comes out of the account that compounds interests. This means, less compounding over the years, which means less money by a large amount, come time to retire, not simply the fee amount per year. That's only the SMALL part of the fee equation.
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...
@@WitaRehbaum 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*
@@FlorentGulliver Oh please I’d love that. Thanks!
@@WitaRehbaum *MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
I invest 2k per month into VTI on the 1st of every month and coincidentally I pay my 2k a month rent payment for my 1 bedroom apartment on the 1st of every month as well. I also max out my 401k every year. I am single and don’t know what I will do with my life when I retire or who I will leave my money to.
Sounds like you’re doing well! I’m sure you can find a way to enjoy the fruits of your hard work in retirement, or leave something to a good cause if you don’t want to spend it all
Don't wait until you retire to enjoy your life. The world may not be the same in 25 yrs. If a small 3 mile piece of rock hits earth were all screwed. I travel twice a yr & make friends all over the world bc tomorrow isn't promised
Amazing! How many VTI shares you already have?
@@o.c.g.m9426 The odds are, you're going to grow old. Don't play against the odds too hard, and make sure you're caring for the old version of yourself. Nothing is promised, so we have to go with what is most likely to happen, not count on a 3 mile piece of rock coming. The odds are, it wont in your lifetime.
Why don’t u just buy a house instead of just renting an apartment?
this video is from last year. what about this year with the current share price of vti? also, when you talk about LEAN & LUXURY Retirement, what is the monthly return (in usd) you are expecting based on the 7.5% return base?
Wouldn't it be best once you are about to retire to put it into something like a mix of Vanguard High Dividend ETF and also Realty Income so that you can collect higher dividend yields?
Rob Berger and Ben Felix have good videos on dividends and fixed income in retirement.
Hi mark , that was a great video. do we have any low cost brokerage in Canada to invest in US markets ?
thanks! for US investing I like to use Questrade. There are other options though - I'm planning on releasing a full guide on the best stock brokerages in Canada soon
@@MarkFarfanI will be expecting this. Thanks very much.
- Your New Subscriber.
That would be cool if VTI paid annual pay outs cause then at the end of the year you could use the payouts to reinvest or buy a car.
VTI does pay dividends! You can reinvest them or use them to buy whatever you like
@@MarkFarfan How much does he pay per month??
@@StarpinklittleVti pays quarterly
And is variable
Did you incorporate the dividends
Should I still buy vti if I already have most of those stocks individually?
Yes I would definitely purchase a few shares of this. It will help balances out your portfolio. (Not financial advice of course). 😉 😊
Currently I max my 401K, max a Roth for both myself and my partner. Any left I pump VTI. Does this seem like a reasonable strategy? BTW, I alos have a fully funded E fund.
I’ve been buying about 8.5 shares a month, I will only have just over 600 in the next 6 years, not good…..
Have 1455 shares ytd at 45
Better to retire having VYM.. higher div yield :D
Keep in mind, VYM has twice the express ratio of VTI.
So Vanguard will charge $3 per year, for every 10k worth of VTI and they'll charge $6 per year for every 10k worth of VYM.
If it's not outperforming the fee difference, you'll be feeding Vanguard, not yourself. You need to check the amount holding, and the amount of years you'll be holding it until (during too, if you don't plan to change) retirement. When it comes to planning for retirement, fee's can be (and most often are) the largest factor in the end, with how much you payed vs how much you keep.
TWICE the fee, is a very large difference to be making up for, over many years, when it comes to hundreds of thousands of dollars (or if you're lucky, millions.) Be sure to do that math (using the longest period of numbers you can find - 10 yr plus). The math never lies.
@@Warrior_Resisting_Colonialism true! But 0.06% is still super low! $6 for every 10k.. $60 for 100k $600 for 1M. What’s is 600 per year if you have 1M? Nothing. I own both.. 327 shares of vti and 147 VYM. Great ETFs both of them!
@@WalletInvestUSA You're forgetting two VERY important factors. That's only 1 year. You'll work about 40, not just the one, of course.
THEN, you have to take into account, that when your money is going towards those fees, over those 40 years, that's less money that will be compounding and working for you. THIS is the big part of the equation, not just that it will cost you X more per year, but you'll not be compounding as much; the most important of it all. This is why the fee is SO vital in the long run.
@@Warrior_Resisting_Colonialism yes, I don’t mind paying 600 per year for each million I have 😂 I’d pay 6000 per year easily having 100 million! 😆
@@WalletInvestUSA That's not all there is about it. It's not just the paying of the fee, it's that, when you do pay, that's less you have working for you in the account, compounding over the years. Over the course of the account, the difference can be hundreds of thousands of dollars. You don't have a separate account that you pay fees from. It comes out of the account that compounds interests. This means, less compounding over the years, which means less money by a large amount, come time to retire, not simply the fee amount per year. That's only the SMALL part of the fee equation.
You could even factor in social security which would allow you to not live as lean.
Well vti already hit 300 lol
I guess you're assuming that all your viewers are millionaires 😒