Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
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.
I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, 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.
Elisse Laparche Ewing 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.
Ah, the age-old question of investing small amounts... I’ve got a ‘small’ $231k emergency fund just sitting around, waiting for me to get my head in the game. I guess this is where the magic happens, right? 😏 If I don't do something with it soon, I might just spend it all on avocado toast and lattes. Looking for a headstart, though-maybe something that'll keep me awake at night (in a good way)!
Haha, $231k just chilling, huh? Talk about a first-world problem! 😆 But hey, don’t dive in without a plan. You might want to think about getting an investment advisor to give you a clearer path. Trust me, it's like having a GPS for your money-it makes the journey smoother, and you'll avoid some of those potholes along the way
Wow, you guys are making this sound so easy, but finding the right investment advisor feels like trying to find a needle in a haystack. I’m at that stage where I know I need help, but where do I even begin? Should I just throw a dart at a list of names or what?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
Just looked up Linda Aretha Reeves-she's exactly what I’ve been searching for! Thanks for the recommendation. Finally feels like I’m on the right path to making this money work for me, instead of just sitting there looking pretty
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
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 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
Mark what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury 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 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 résumé.
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
@@Donnafrank-k6e 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.
With world markets tumbling, inflation soaring, the Fed imposing large interest-rate hikes, the treasury yields rising rapidly, markets manipulations, and many other factors makes me wonder if people still make profits from all these investing BS.
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
@lawerencemiller9720 Invest in dividend companies. Any company that pays dividends is making money. If you invest in companies that don't pay dividends, well...
There definitely is but of course it’s much harder than during a bull market. Safest thing to do is earn 5.3% risk free in a money market account. Those rates haven’t been available for decades. If you have $1mil in savings you’d make $50,000 in interest.
0:25: According to Munger, you don't need as much money as you think to start generating high returns. 1:29: Munger advises finding a few opportunities and acting aggressively on them. 1:45: Munger's maternal grandfather taught him that there are only a few opportunities in life that lead to prosperity. 4:39: Warren and Charlie are forced to focus on large investment opportunities, which are less likely to be mispriced. 5:09: Small investment opportunities are often overlooked by large investors, creating potential for inefficiencies. 6:02: Using stock screeners can help identify small, potentially mispriced stocks that may be overlooked by Wall Street. 8:18: Successful investing requires waiting for the right opportunities and avoiding the wrong ones. 9:14: A concentrated portfolio focused on a few outstanding businesses can lead to higher returns. 10:04: Billionaire investor John Ariaga's fortune is primarily in real estate, emphasizing the value of specialization. Recap by Tammy AI
My positive attitude is definitely one of my strengths. I have been a restaurant server, a tutor, and a health aide in the past decade, all jobs that require plenty of energy and endurance. I can view a situation from multiple perspectives and empathize with my customers, students, and patients to understand their needs at any given time. Well I must thank Lilian for taking the time to work with me in investing in to Bitcoin. It helped me get so much that I didn’t expect. Thank you @lilianharris_entrepreneur. I recommend you 👍🏻
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $400K across markets but don't know where to start.
For a successful long-term strategy, refrain from attempting to time the market and incurring unnecessary taxes. Stay rooted and concentrate on the long-term perspective!
I have been in touch with a CFP ever since the outbreak. With an initial starting reserve of $100k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
May I inquire about your recommendation for the specific professional whose services you utilize? I am currently facing several marketing challenges and would appreciate your guidance in this regard.
I've enlisted Stacey Lee Decker as my fiscal guide, and her expertise contributes significantly to the fiscal industry. Acknowledged as a reputable authority in the field, she holds a deep understanding of portfolio diversification. I encourage further exploration of her credentials. With her extensive experience, she proves to be an outstanding guide for those aiming to grasp the complexities of the fiscal market.
No market timing buy value stocks. Value stocks have low p/e, p/book value and have been paying dividends without a break for the last ten years. When interest rates go up, you may reduce your stock holding say from 100% stock to 75% stock and 25% bonds/bills.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Good point , seeing as an estimated 3-5% ( closer to 2-3% in Dec 21) of world population owns crypto. To grow to 1B in year would be amazing! However, with the current state of things , zthat growth might be low estimate the US/USD , continue to debase, etc have been and continue worsening.
"If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn't take it," Buffett said. "Whether it goes up or down in the next year, or five or 10 years, I don't know. But the one thing I'm pretty sure of is that it doesn't produce anything" - Warren Buffet Charlie Munger on crypto: "It's ridiculous anybody would buy this 'massively stupid' stuff" These two juggernauts would never touch something that is essentially a Ponzi scheme like crypto where you hope the guy behind you will pay more for the thing you bought but it has no intrinsic value.
Let's not gloss over the fact that Mr. Munger casually mentioned his great grandfather OWNED A BANK and the incredibly " small amounts" of 10k of cash to invest is well beyond most people
My mother bought a house in NYC in 1965 for under $30,000. It's now worth almost $1 million. It's nothing special, just a small hi-ranch with a rental apartment.
I'm in the stock market and also still running with investing in diverse assets, getting dividends while still trading currency pairs ,digital currencies and grade bonds i reserve gratitude for Lisa Rosa Cavanagh my humble CFA, been a year and half of steady financial growth getting ready to hit a 7 figure portfolio.
Impressive video, I've been making passive income monthly from crypto for over a year tho' I prefer trading with the help of a professional broker Nora Hendrix because she saves me time and reduces the risk of losing funds in trading as we all know how volatile the market is.
Am trading with expert Nora Hendrix too, a regulated broker, Met her sometime early last year at a start up funding event. She has some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing the results.
Consistency is key, I've been investing with her for months now and I've made alot of profit from her. Most of those traders who offer to give you 50% of whatever you invest might scam you of your hard earned money...Forex ain't that easy you know, so i advice you also start investing with Mrs Nora because she is the best broker ever. .
I'm thinking of investing in the crypto and stock market but taking my time to figure out how the whole thing works. Has anyone used Galileo FX for trading automatically?
Galileo FX is also my trading robot. With an initial invested capital of £1500, it yielded returns of over £3000 within two weeks of trading. I was really impressed.
Wealth is created by proper investments. I’m an investor and I can tell how it changed my life for the better. From my experience, it gets easier with the aid of a good trading robot like Galileo FX.
I started investing when I was 18, primarily through sweat equity. I just turned 26 and last month my passive income passed the $100,000 mark for the month for the first time. This is solid advice! DO IT! You don't have to get rich quick, you just have to get RICH no matter what.
Understanding personal finance and invsting will likely lead to greater financiial independence. By being knowledgeable about money and invsting, people can make informed decisions about how to save, spend, and invest their money. I know of someone who made over $350k in this recession influenced market, but to my knowledge it was through a financiial adviisor.
Having a finanncial counselor can make a significant impact, especially in this market. St0cks are a bit shaky at the moment, but with proper analysis, you should be okay. I've heard of folks generating over $250k in a matter of weeks or months, so there is definitely wealtlh transfer going on if you know where to look. Since 2019, I've been workin with a financial advisorr, and my portfolio has risen to $1.6m. It's been a long road!
Mr Glen pal, Is there any chance you could recomnnend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recomnnendation.
The thing is, I really don't like giving such recommendations. Conduct your due diligence. I have been working with "JILL MARIE CARROLL" for about four years now and she has had decent returns. If it is at your discretion, you can proceed.
This is useful information Glen; I copied her whole name and pasted it into my brwser; her website appeared immediately, and her qualifications are excellent; thank you for sharing
Excellent strategy...the most important part was selling when everyone is Euphoric...I realized this in the last six months. Second diversity...which leads to excessive loss and no plan... Thanks
This is a very practical and useful video on basic investing. Of course any would-be investor should be aware of that concept that Warren Buffett and Charlie Munger know well: margin of safety. Bigger risks with smaller companies can have bigger payouts--they can also go bust.
My positive attitude is definitely one of my strengths. I have been a restaurant server, a tutor, and a health aide in the past decade, all jobs that require plenty of energy and endurance. I can view a situation from multiple perspectives and empathize with my customers, students, and patients to understand their needs at any given time. Well I must thank Lilian for taking the time to work with me in investing in to Bitcoin. It helped me get so much that I didn’t expect. Thank you @lilianharris_entrepreneur. I recommend you 👍🏻
He started as a Real Estate Lawyer. A prime position to flip or rent properties and to build up capital for investing. He was already well off except for the issues relating to a divorce.
I disagree with the claim that Munger's portfolio is concentrated. Yeah, most of it is in Berkshire, but Berkshire itself is invested in dozens of different companies and ventures in industries ranging from toys to insurance. They also have holdings in a broad market S&P 500 index ETF. He may personally only have a few holdings, but he has exposure to pretty much everything.
"Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make huge profits every single week, I was able to build a big income stream investing with Mrs Louise O'Brien..
I invest with Mrs Louise O'Brien too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. I'm worried that rising inflation will cause my $420,000 in retirement funds to lose value. What else could we do with our money?
I've been in touch with a coach for a year now partly because I lack the depth understanding and mental fortitude to deal with these reoccurring market situations. It is clear that there is more to the market than the typical individual is aware of because I have already made over $320K in earnings. The best course of action at the moment is to work with an investing advisor, especially for individuals who are nearing retirement.
So, Jack Bogle is wrong to invest in a diversified portfolio? I think not. I've been doing indexing in diversified portfolios for 30 years and been more than satisfied with the results. Most people aren't Ted Williams and are incapable of finding a stock in their "sweet spot".
While I'm with you and am big on investing in the index, that won't make you a Billionaire. It seems those asking these questions aren't content with a low million portfolio.
Keeping significant savings in cash feels secure, but I'm unsure if it's ideal for retirement. Planning to invest around $80,000 in stocks, as I've heard investors can profit even in tough times. Any great stock suggestions?
I still think *VRI TOKEN* has a great future because it's owned by amazon. Also I don't hear anyone about DFI? Taking the biggest blow right now. From 5000 euros to 330.... will this still work out in the future? And since BTC will fall even further I think we haven't seen the bottom yet!
I usually split my investments into 3 categories and weigh them equally. Basically split the funds 1/3 into very safe things like cash, treasuries, metals, 1/3 into indexes like the s&p, and 1/3 into highly speculative things like crypto. The crypto wins tend to be massive, then get rebalanced with most of the profits getting locked into safe assets. Then when times are rough in the markets I have so much invested in things like cash and metals that I get to scoop up great deals when the speculative markets inevitably crash.
My positive attitude is definitely one of my strengths. I have been a restaurant server, a tutor, and a health aide in the past decade, all jobs that require plenty of energy and endurance. I can view a situation from multiple perspectives and empathize with my customers, students, and patients to understand their needs at any given time. Well I must thank Lilian for taking the time to work with me in investing in to Bitcoin. It helped me get so much that I didn’t expect. Thank you @lilianharris_entrepreneur. I recommend you 👍🏻
The idea of investing a significant sum of money may be both thrilling and intimidating. There seems to be potential for considerable wealth increase with the correct strategy. How can one take advantage of the present market to grow one's retirement savings over time?
When I see the name of your channel, I can’t help but hear Leonardo DiCaprio in the Wolf of Wall Street say the words : “Welcome to the investor center” after he practically forced a bunch of Penny Stocks to some stranger on the phone.
Mr. Munger is referring to once-in-a-lifetime opportunities to invest and earn big. I missed one about 20 years ago. I could have borrowed some capital from family to purchase a pair of unfinished high-end houses in a tropical location that were being sold for less than $90k each. The company that built/owned them had went bankrupt. They had been worth $1.5M each before a recession hit. The value of the homes recovered just two years later and nicely finished sold for $2M each. The total investment to buy and finish both houses combined would have been less than $400k at that time. Had I taken the plunge, I would have had capital to invest bigger. Worst case, I would have sold one and kept the other as a nice place to spend the winter. A similar opportunity has not come up in 20 years.
Great video. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Rob Lothian, he is my current trader and his strategies are working
I'm amazed you mentioned Rob Lothian, he is the best and his strategies works like magic. I've been making over 80% of my investment weekly since I started investing with his trading service
I'm amazed you mentioned Rob Lothian he is the best and his strategies works like magic. I've been making over 80% of my investment weekly since I started investing with his trading service
Munger and Buffett’s achievements with Berkshire Hathaway are truly inspiring. Their ability to turn modest investments into immense wealth is a testament to their expertise and vision. Reading Berkshire's annual letters has definitely opened my eyes to the potential of the stock market. I recently sold my $674k apartment in Bel Air with the plan of investing it in the market. While I’m excited about the opportunities, I’m also cautious about protecting my investment and avoiding major losses.
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.
Everyone has his own luck based on time and space. Both are these gentlemen were at the right place at right time. U gave them little amount of money and my account and ask them make money; i bet they will loose everything. Everyone has different angle, direction, luck and vision.
I will be forever grateful to you, you changed my whole 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 Maria Reyes.
I invest with Maria Reyes too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.
I think it is a bit rich coming down on traders when Munger and Buffett would have done their fair share of buying assets when they are cheap or in distress...you can bet on that.
I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well...lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with *VRI TOKEN* , Love the knowledge keep it up
When these guys answer question I am loss on their answers. They tell a story before they get to to question. I still dont unxerstand what the hell they say. Buy thank you decoding and explaining what thw hell he is saying
They will never give you specifics because that would be considered financial advice. The only way you will get a specific answer is from a person you personally know who is in the industry. Read the book the secret or think and grow rich. They don't tell you the secret specifically but it will come to you at some point. Stay the course and your trading strategy will come to you in time.
Actually what he said is true. For example, I missed Amazon in the 90s and apple in the 00s. I use that opportunities to study how I missed those great companies. Then, I found the next one and got aggressive on it. That's it. Find one you believe in and you better be right. Then, bet your net worth on it.
Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That's why *VRI TOKEN* is the best
Hardly anyone goes from poverty to wealth without taking advantage of somebody. In this antidote, Munger's grandfather is an example. He was able to acquire farms when the financial panic occurred. And not having the tax burden that is imposed on citizens today, also makes a difference. While the presenter says Munger's fortune is not diversified, she obviously discounts the vast holdings of Berkshire Hathaway. Other than repeating the same old adages, what did Munger actually contribute?
I’m happy I forget about things quickly, it’s brought me the greatest returns, but also hurt. However, the name of the game is long term investing. Am I willing to invest my personal income on a company that I think will do great 10+ years from now.
His example was a grandfather who made his money by buying from panic sellers during downturns and selling after the recovery. With only that as context, it says the best way to make money is to have the moral grounding of a pawn shop broken when a single mom comes in to pawn a diamond ring to prevent her and her family from getting thrown into the street.
As it says on the dollar bill in(in god we trust) in the dollars becomes nothing in value or economy falls we're broke we the USA world starve the end of times this was great to hear his personal advise to succeed one great saying he stated the stock market is like a herion addict the same highs and lower to the late Mr munger
Thank you for this insightful video. It was helpful in noteworthy. With that said, I do have constructive criticism to share, if you please. Pronunciations: Button, not bu'in Important, not impordent
Unfortunately for me I thought I had found some real gold nugget being able to build some vacation Summer resorts with gorgeous views on Fox Bay in Ukraine. Business was great and I double my money in 2 years with sales which were double my input costs. Unfortunately my property that was under development has been seized by The Russian Federation. I have no legal address to this theft. Something to consider as today's investing abroad philosophy looks risky as the 1930's again.
Learning how to invest even a small amount of money at a young age matters. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the principles to their investment success.
I wanna let you know that *VRI TOKEN* made it this year. What better way to start a global change? Don't get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one
You Mr Smith are a gifted film maker! Follow your North Star and don’t let the mob get to you. This world will right itself eventually and I have a feeling you and your films will be there.
See the thing is, when Charlie Munger says "I'd be a lot poorer if I'd followed conventional financial advice"...you need to keep in mind that you're listening to a glaring exception to the rule. If it worked for everyone, or even for most people, then HIS advice would be the conventional wisdom. But for every Charlie Munger, there are millions of people making concentrated bets, swinging for the fences, and striking out completely. That's a risky game, and asking the winners of a risky game for advice is going to give you a whole lot of survivorship bias.
Munger & Buffet lied. Here is the key to their wealth. They started with insurance companies that has income streams coming in constantly, they are not just looking at profit from the business but those insurance payments need to be invested and only divested to make insurance payouts, the key is that constant income stream available for investment. Second, they made the insurance companies a subsidiary of a parent company that they owned, so insurance subsidiary profits became their profits, neat trick. They didn't do anything magic, the stock market began growing exponentially after 401K's were created and entire workforce began investing causing stock market to grow, their investments grew with the market.
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on *VRI TOKEN* is and a 15x on polygon are fair considering how much those two coins are interwoven into the entire crypto ecosystem
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Charlie, Charlie, Charlie....you finally learned the _hard way_ that bitcoin _really is_ rat poison squared.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
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.
I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, 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.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them.
Elisse Laparche Ewing 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.
Ah, the age-old question of investing small amounts... I’ve got a ‘small’ $231k emergency fund just sitting around, waiting for me to get my head in the game. I guess this is where the magic happens, right? 😏 If I don't do something with it soon, I might just spend it all on avocado toast and lattes. Looking for a headstart, though-maybe something that'll keep me awake at night (in a good way)!
Haha, $231k just chilling, huh? Talk about a first-world problem! 😆 But hey, don’t dive in without a plan. You might want to think about getting an investment advisor to give you a clearer path. Trust me, it's like having a GPS for your money-it makes the journey smoother, and you'll avoid some of those potholes along the way
Wow, you guys are making this sound so easy, but finding the right investment advisor feels like trying to find a needle in a haystack. I’m at that stage where I know I need help, but where do I even begin? Should I just throw a dart at a list of names or what?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
Just looked up Linda Aretha Reeves-she's exactly what I’ve been searching for! Thanks for the recommendation. Finally feels like I’m on the right path to making this money work for me, instead of just sitting there looking pretty
Put it in a hysa high yield savings account I use Amex to get paid 4.23% interests.
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
Could you recommend your advisor? I'll be happy to use some help.
Sharon Lee Peoples 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 this amazing tip. I verified her and booked a call session with her. She seems Proficient.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
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.
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 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
Mark what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury 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 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 résumé.
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
@@Donnafrank-k6e 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!.
@@Donnafrank-k6e Clementina Abate Russo is her name.
Lookup with her name on the webpage.
With world markets tumbling, inflation soaring, the Fed imposing large interest-rate hikes, the treasury yields rising rapidly, markets manipulations, and many other factors makes me wonder if people still make profits from all these investing BS.
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
@lawerencemiller9720 Invest in dividend companies. Any company that pays dividends is making money. If you invest in companies that don't pay dividends, well...
@simonfes3770 Dividends, fruit of the Gods!
There definitely is but of course it’s much harder than during a bull market. Safest thing to do is earn 5.3% risk free in a money market account. Those rates haven’t been available for decades. If you have $1mil in savings you’d make $50,000 in interest.
Sorry for your loss.
Referring to your balls.
0:25: According to Munger, you don't need as much money as you think to start generating high returns.
1:29: Munger advises finding a few opportunities and acting aggressively on them.
1:45: Munger's maternal grandfather taught him that there are only a few opportunities in life that lead to prosperity.
4:39: Warren and Charlie are forced to focus on large investment opportunities, which are less likely to be mispriced.
5:09: Small investment opportunities are often overlooked by large investors, creating potential for inefficiencies.
6:02: Using stock screeners can help identify small, potentially mispriced stocks that may be overlooked by Wall Street.
8:18: Successful investing requires waiting for the right opportunities and avoiding the wrong ones.
9:14: A concentrated portfolio focused on a few outstanding businesses can lead to higher returns.
10:04: Billionaire investor John Ariaga's fortune is primarily in real estate, emphasizing the value of specialization.
Recap by Tammy AI
How do you do this? Get the breakdown
Thank you
My positive attitude is definitely one of my strengths. I have been a restaurant server, a tutor, and a health aide in the past decade, all jobs that require plenty of energy and endurance. I can view a situation from multiple perspectives and empathize with my customers, students, and patients to understand their needs at any given time. Well I must thank Lilian for taking the time to work with me in investing in to Bitcoin. It helped me get so much that I didn’t expect. Thank you @lilianharris_entrepreneur. I recommend you 👍🏻
Valuable summary . Thank you.
Thank you....
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $400K across markets but don't know where to start.
For a successful long-term strategy, refrain from attempting to time the market and incurring unnecessary taxes. Stay rooted and concentrate on the long-term perspective!
I have been in touch with a CFP ever since the outbreak. With an initial starting reserve of $100k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
May I inquire about your recommendation for the specific professional whose services you utilize? I am currently facing several marketing challenges and would appreciate your guidance in this regard.
I've enlisted Stacey Lee Decker as my fiscal guide, and her expertise contributes significantly to the fiscal industry. Acknowledged as a reputable authority in the field, she holds a deep understanding of portfolio diversification. I encourage further exploration of her credentials. With her extensive experience, she proves to be an outstanding guide for those aiming to grasp the complexities of the fiscal market.
No market timing buy value stocks. Value stocks have low p/e, p/book value and have been paying dividends without a break for the last ten years. When interest rates go up, you may reduce your stock holding say from 100% stock to 75% stock and 25% bonds/bills.
Charlie Munger: Why your first $100,000 will change your life
ua-cam.com/video/NgGDNX7Fu60/v-deo.html
Your use of stock footage is very cringe.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@@Karenlisa1 You're a scammer.
Crypto user could top 1B by the end of 2023 as nations continue to adopt Bitcoin Buy the dip, and HODLfor the long term .Bitcoin Always comes back.
Good point , seeing as an estimated 3-5% ( closer to 2-3% in Dec 21) of world population owns crypto. To grow to 1B in year would be amazing! However, with the current state of things , zthat growth might be low estimate the US/USD , continue to debase, etc have been and continue worsening.
How come someone who is just starting out navigate the crypto space ? I don’t have the heart to see the bulk of my portfolio go from green to red.
Impressive can you share more info?
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.
"If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn't take it," Buffett said. "Whether it goes up or down in the next year, or five or 10 years, I don't know. But the one thing I'm pretty sure of is that it doesn't produce anything" - Warren Buffet
Charlie Munger on crypto: "It's ridiculous anybody would buy this 'massively stupid' stuff"
These two juggernauts would never touch something that is essentially a Ponzi scheme like crypto where you hope the guy behind you will pay more for the thing you bought but it has no intrinsic value.
Let's not gloss over the fact that Mr. Munger casually mentioned his great grandfather OWNED A BANK and the incredibly " small amounts" of 10k of cash to invest is well beyond most people
His grandfather was actually George Bailey. 😂
The message is still the samw
@@jdenino6022 Love the reference. Best Christmas move ever.
Are you sure he wasn't Mr. Potter? Munger said he bought farms during panics, that's what Potter did 😂
@@jdenino6022
Great role model Georgie is !!!!!
"A few is all you need, and don't be disappointed." ---Charlie Munger
10k is not a small sum of money 😭 imagine how much that was back then
My mother bought a house in NYC in 1965 for under $30,000. It's now worth almost $1 million. It's nothing special, just a small hi-ranch with a rental apartment.
It's even worse in Australia... @@jdenino6022
Right? I was like "a small sum? She probably means half a million" and then she saids 10k
@@jdenino6022 😆
I'm in the stock market and also still running with investing in diverse assets, getting dividends while still trading currency pairs ,digital currencies and grade bonds i reserve gratitude for Lisa Rosa Cavanagh my humble CFA, been a year and half of steady financial growth getting ready to hit a 7 figure portfolio.
sounds like you got something good going for you
she has a pretty decent bio, I wrote her and I'm waiting on her reply.
These are not real people.
Impressive video, I've been making passive income monthly from crypto for over a year tho' I prefer trading with the help of a professional broker Nora Hendrix because she saves me time and reduces the risk of losing funds in trading as we all know how volatile the market is.
Am trading with expert Nora Hendrix too, a regulated broker, Met her sometime early last year at a start up funding event. She has some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing the results.
Trading with an Expert like Mrs Nora is the key to successful trading, Bitcoin is the future investing in it will be the wisest thing one could do.
@jerryflecther17Please how can i contact her?
Consistency is key, I've been investing with her for months now and I've made alot of profit from her. Most of those traders who offer to give you 50% of whatever you invest might scam you of your hard earned money...Forex ain't that easy you know, so i advice you also start investing with Mrs Nora because she is the best broker ever.
.
Well it isn't my first time of seeing her name of social platform. I think she's extremely brilliant and lucrative at same time.
Can you recommend any stocks or cryptos I can put my money into?? I'm new to this. Any info would be most appreciated?
I've read articles of investors who mentioned Galileo FX and its consistency in making lots of money from trading.
I'm thinking of investing in the crypto and stock market but taking my time to figure out how the whole thing works. Has anyone used Galileo FX for trading automatically?
Galileo FX is also my trading robot. With an initial invested capital of £1500, it yielded returns of over £3000 within two weeks of trading. I was really impressed.
Following a good pattern analysis, trading with Galileo FX is much preferable considering the recent market fluctuation.
Wealth is created by proper investments. I’m an investor and I can tell how it changed my life for the better. From my experience, it gets easier with the aid of a good trading robot like Galileo FX.
Everyone gets opportunities... IDENTIFYING that opportunity is the hard part.
I started investing when I was 18, primarily through sweat equity. I just turned 26 and last month my passive income passed the $100,000 mark for the month for the first time. This is solid advice! DO IT! You don't have to get rich quick, you just have to get RICH no matter what.
Understanding personal finance and invsting will likely lead to greater financiial independence. By being knowledgeable about money and invsting, people can make informed decisions about how to save, spend, and invest their money. I know of someone who made over $350k in this recession influenced market, but to my knowledge it was through a financiial adviisor.
Having a finanncial counselor can make a significant impact, especially in this market. St0cks are a bit shaky at the moment, but with proper analysis, you should be okay. I've heard of folks generating over $250k in a matter of weeks or months, so there is definitely wealtlh transfer going on if you know where to look. Since 2019, I've been workin with a financial advisorr, and my portfolio has risen to $1.6m. It's been a long road!
Mr Glen pal, Is there any chance you could recomnnend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recomnnendation.
The thing is, I really don't like giving such recommendations. Conduct your due diligence. I have been working with "JILL MARIE CARROLL" for about four years now and she has had decent returns. If it is at your discretion, you can proceed.
This is useful information Glen; I copied her whole name and pasted it into my brwser; her website appeared immediately, and her qualifications are excellent; thank you for sharing
Excellent strategy...the most important part was selling when everyone is Euphoric...I realized this in the last six months. Second diversity...which leads to excessive loss and no plan... Thanks
This is a very practical and useful video on basic investing. Of course any would-be investor should be aware of that concept that Warren Buffett and Charlie Munger know well: margin of safety. Bigger risks with smaller companies can have bigger payouts--they can also go bust.
My positive attitude is definitely one of my strengths. I have been a restaurant server, a tutor, and a health aide in the past decade, all jobs that require plenty of energy and endurance. I can view a situation from multiple perspectives and empathize with my customers, students, and patients to understand their needs at any given time. Well I must thank Lilian for taking the time to work with me in investing in to Bitcoin. It helped me get so much that I didn’t expect. Thank you @lilianharris_entrepreneur. I recommend you 👍🏻
I think Kiyosaki said he was buying small stocks and holding them for up to 1 year, seems like a reasonable strategy
He started as a Real Estate Lawyer. A prime position to flip or rent properties and to build up capital for investing. He was already well off except for the issues relating to a divorce.
I disagree with the claim that Munger's portfolio is concentrated. Yeah, most of it is in Berkshire, but Berkshire itself is invested in dozens of different companies and ventures in industries ranging from toys to insurance. They also have holdings in a broad market S&P 500 index ETF. He may personally only have a few holdings, but he has exposure to pretty much everything.
"Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make huge profits every single week, I was able to build a big income stream investing with Mrs Louise O'Brien..
wow.. amazing to see others who trade with Mrs Louise O'Brien, i'm currently on my 5th trade with her and my portfolio has grown tremendously.
I invest with Mrs Louise O'Brien too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.
SHE IS ON TELE GRAM 💯
She's often interacts on Telegrams, using the user-name below
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. I'm worried that rising inflation will cause my $420,000 in retirement funds to lose value. What else could we do with our money?
I've been in touch with a coach for a year now partly because I lack the depth understanding and mental fortitude to deal with these reoccurring market situations. It is clear that there is more to the market than the typical individual is aware of because I have already made over $320K in earnings. The best course of action at the moment is to work with an investing advisor, especially for individuals who are nearing retirement.
"Carol Pasol Lewis" . She has years of experience in the financial market, so you can easily look her up.
So, Jack Bogle is wrong to invest in a diversified portfolio? I think not. I've been doing indexing in diversified portfolios for 30 years and been more than satisfied with the results. Most people aren't Ted Williams and are incapable of finding a stock in their "sweet spot".
While I'm with you and am big on investing in the index, that won't make you a Billionaire. It seems those asking these questions aren't content with a low million portfolio.
Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023
Not this person framing the question like it was a ChatGPT prompt 😂
"Small sums of money" $10k-$15k"? That's a lot of people's life savings.
Keeping significant savings in cash feels secure, but I'm unsure if it's ideal for retirement. Planning to invest around $80,000 in stocks, as I've heard investors can profit even in tough times. Any great stock suggestions?
Please don’t us Broll when Charlie speaks or keep ending in the subtitles, would help a lot
Thanks for the feedback! It increases viewer retention and helps the video (and Charlie Munger’s message) reach a wider audience
@@InvestorCenter got it, hat a typo, meant editing*
So also include the subtitles into the Broll, cause often it’s hard to understand Charlie 👂
I still think *VRI TOKEN* has a great future because it's owned by amazon. Also I don't hear anyone about DFI? Taking the biggest blow right now. From 5000 euros to 330.... will this still work out in the future? And since BTC will fall even further I think we haven't seen the bottom yet!
I usually split my investments into 3 categories and weigh them equally. Basically split the funds 1/3 into very safe things like cash, treasuries, metals, 1/3 into indexes like the s&p, and 1/3 into highly speculative things like crypto. The crypto wins tend to be massive, then get rebalanced with most of the profits getting locked into safe assets. Then when times are rough in the markets I have so much invested in things like cash and metals that I get to scoop up great deals when the speculative markets inevitably crash.
Here
My positive attitude is definitely one of my strengths. I have been a restaurant server, a tutor, and a health aide in the past decade, all jobs that require plenty of energy and endurance. I can view a situation from multiple perspectives and empathize with my customers, students, and patients to understand their needs at any given time. Well I must thank Lilian for taking the time to work with me in investing in to Bitcoin. It helped me get so much that I didn’t expect. Thank you @lilianharris_entrepreneur. I recommend you 👍🏻
The idea of investing a significant sum of money may be both thrilling and intimidating. There seems to be potential for considerable wealth increase with the correct strategy. How can one take advantage of the present market to grow one's retirement savings over time?
Great video! Thank you for your efforts
I like to invest but government somehow try to impose tax on it like advanced taxes, which is a lot of headache.
When I see the name of your channel, I can’t help but hear Leonardo DiCaprio in the Wolf of Wall Street say the words : “Welcome to the investor center” after he practically forced a bunch of Penny Stocks to some stranger on the phone.
probably the only comment here that doesn't seem like an AI bot
Charlie Munger I love your humor, your attitude, your knowledge and even your glasses!
Mr. Munger is referring to once-in-a-lifetime opportunities to invest and earn big. I missed one about 20 years ago. I could have borrowed some capital from family to purchase a pair of unfinished high-end houses in a tropical location that were being sold for less than $90k each. The company that built/owned them had went bankrupt. They had been worth $1.5M each before a recession hit. The value of the homes recovered just two years later and nicely finished sold for $2M each. The total investment to buy and finish both houses combined would have been less than $400k at that time. Had I taken the plunge, I would have had capital to invest bigger. Worst case, I would have sold one and kept the other as a nice place to spend the winter. A similar opportunity has not come up in 20 years.
Great video. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Rob Lothian, he is my current trader and his strategies are working
I'm amazed you mentioned Rob Lothian, he is the best and his strategies works like magic. I've been making over 80% of my investment weekly since I started investing with his trading service
I'm amazed you mentioned Rob Lothian he is the best and his strategies works like magic. I've been making over 80% of my investment weekly since I started investing with his trading service
🃏 I'm still partial to the classic casino games. Poker night feels real with live dealers and players
"i would have loved to watch the man speak and read the subtitles" with out the random clips" but thank you very much for the content
There are 105,237 businesses in Berkshire-Hathaway.
Investing is easy when you're in the club and get the inside information. Make no mistake, all of the markets are rigged against you.
Munger and Buffett’s achievements with Berkshire Hathaway are truly inspiring. Their ability to turn modest investments into immense wealth is a testament to their expertise and vision. Reading Berkshire's annual letters has definitely opened my eyes to the potential of the stock market. I recently sold my $674k apartment in Bel Air with the plan of investing it in the market. While I’m excited about the opportunities, I’m also cautious about protecting my investment and avoiding major losses.
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.
Everyone has his own luck based on time and space. Both are these gentlemen were at the right place at right time. U gave them little amount of money and my account and ask them make money; i bet they will loose everything. Everyone has different angle, direction, luck and vision.
Genius, Simply Genius❤
I will be forever grateful to you, you changed my whole 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 Maria Reyes.
I invest with Maria Reyes too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
this is not the first time i am hearing of Maria Reyes and her exploits in the trading world but i have no idea how to reach her.
As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.
With the consistent weekly profits I'm getting investing with Maria Reyes, there's no doubt she is the most reliable in the market. such a genius
She often interacts on Telegrams, using the user name written below
I think it is a bit rich coming down on traders when Munger and Buffett would have done their fair share of buying assets when they are cheap or in distress...you can bet on that.
I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well...lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with *VRI TOKEN* , Love the knowledge keep it up
1:45 "He was a pioneer; he came to Iowa and fought in the Blackhawk Wars" ... which were apparently fought by French WWI soldiers.
Baseball is a WORLD SPORT😂
(that was so cute of her😅)
You should have explained why large funds don’t invest in small cap. RISK
When these guys answer question I am loss on their answers. They tell a story before they get to to question. I still dont unxerstand what the hell they say. Buy thank you decoding and explaining what thw hell he is saying
They will never give you specifics because that would be considered financial advice. The only way you will get a specific answer is from a person you personally know who is in the industry. Read the book the secret or think and grow rich. They don't tell you the secret specifically but it will come to you at some point. Stay the course and your trading strategy will come to you in time.
Actually what he said is true. For example, I missed Amazon in the 90s and apple in the 00s. I use that opportunities to study how I missed those great companies. Then, I found the next one and got aggressive on it. That's it. Find one you believe in and you better be right. Then, bet your net worth on it.
Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That's why *VRI TOKEN* is the best
His 100th Birthday is on Jan. 1, 2024. Unbelievable.
Hardly anyone goes from poverty to wealth without taking advantage of somebody. In this antidote, Munger's grandfather is an example.
He was able to acquire farms when the financial panic occurred. And not having the tax burden that is imposed on citizens today, also makes a difference.
While the presenter says Munger's fortune is not diversified, she obviously discounts the vast holdings of Berkshire Hathaway.
Other than repeating the same old adages, what did Munger actually contribute?
I’m happy I forget about things quickly, it’s brought me the greatest returns, but also hurt. However, the name of the game is long term investing. Am I willing to invest my personal income on a company that I think will do great 10+ years from now.
What ETFs are good to use to achieve these results?
VTI, VOO, VUG, SPY, QQQ are all good. Big, diverse funds. Invest on a regular basis, set up dividend reinvestment, and just let it grow.
His example was a grandfather who made his money by buying from panic sellers during downturns and selling after the recovery.
With only that as context, it says the best way to make money is to have the moral grounding of a pawn shop broken when a single mom comes in to pawn a diamond ring to prevent her and her family from getting thrown into the street.
I'm sorry, but did you just advise us to buy into penny stocks??
Not at all
Rich people will never tell you how to do it because they like having slaves to work for them
And to be frank, they don't really know how they got lucky either. Just he stated, he got a few lucky ones.
As it says on the dollar bill in(in god we trust) in the dollars becomes nothing in value or economy falls we're broke we the USA world starve the end of times this was great to hear his personal advise to succeed one great saying he stated the stock market is like a herion addict the same highs and lower to the late Mr munger
the p/e ratio is irrelevant most times ive made money w microcap stocks.
Thought I was listening to Buffett for a minute 😅
Great video and well explained.
You’d think they’d beable to enter different bot responses in all video comments…nope… same in every video. Good job you tube.
Thank you for this insightful video. It was helpful in noteworthy. With that said, I do have constructive criticism to share, if you please.
Pronunciations:
Button, not bu'in
Important, not impordent
Sounded AI generated to me.
This advice is gold.
Buy stock in good companies, that you know will be doing well in 10 years. Period. See, that wasn't hard.
Yep. Getting wealthy is the slow steady process of investing small amounts consistently over time.
Buffett said that over the long term nothing can beat the S&P 500 index.
Hello 😊
R.I.P Charlie.
Unfortunately for me I thought I had found some real gold nugget being able to build some vacation Summer resorts with gorgeous views on Fox Bay in Ukraine.
Business was great and I double my money in 2 years with sales which were double my input costs. Unfortunately my property that was under development has been seized by The Russian Federation.
I have no legal address to this theft. Something to consider as today's investing abroad philosophy looks risky as the 1930's again.
Learning how to invest even a small amount of money at a young age matters. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the principles to their investment success.
Be content with what you have and you are rich
MONEY, MONEY, money, is there anything else that matters to you PEOPLE?
Put it in physical gold 7 to 9 per cent a year slow is better than get rich quick 130k over 10 years at 9 percent with compound intrest 290k😊
I gave you a like and a sub. You have good content. Ty : )
and it’s been another great day of saving the bees
How big is the other nontech company Aramco?
All share dealers warn everyone that 67% loose there investment and 33%received less. It is brokers make money.
Did that guy say 10 Million dollares is a small sump of capital!?!
Thanks.
Thanks for watching 😊
I wanna let you know that *VRI TOKEN* made it this year. What better way to start a global change? Don't get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one
"small sums 10 million dollars"
So micro and small cap value? I guess just saying that would have made too short of a video.
You Mr Smith are a gifted film maker! Follow your North Star and don’t let the mob get to you. This world will right itself eventually and I have a feeling you and your films will be there.
Buffet/Munger invest in businesses. Most of us just invest in stocks. That's the difference.
This is such great advice!
See the thing is, when Charlie Munger says "I'd be a lot poorer if I'd followed conventional financial advice"...you need to keep in mind that you're listening to a glaring exception to the rule. If it worked for everyone, or even for most people, then HIS advice would be the conventional wisdom. But for every Charlie Munger, there are millions of people making concentrated bets, swinging for the fences, and striking out completely. That's a risky game, and asking the winners of a risky game for advice is going to give you a whole lot of survivorship bias.
Munger & Buffet lied. Here is the key to their wealth. They started with insurance companies that has income streams coming in constantly, they are not just looking at profit from the business but those insurance payments need to be invested and only divested to make insurance payouts, the key is that constant income stream available for investment. Second, they made the insurance companies a subsidiary of a parent company that they owned, so insurance subsidiary profits became their profits, neat trick. They didn't do anything magic, the stock market began growing exponentially after 401K's were created and entire workforce began investing causing stock market to grow, their investments grew with the market.
simple yet so powerful. thank you
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on *VRI TOKEN* is and a 15x on polygon are fair considering how much those two coins are interwoven into the entire crypto ecosystem
"It is so important to get the teaching"... You mean you get the views :-)
I love the old norsky! Is the Depends brand a good investment given the baby boomers coming demise?
What is the best time of swing ? Your video is not specific only generic!!
I'm not sure many of us consider 10 million a small amount of money.