How To Invest In 2024 (Easy Beginners Guide)
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- Опубліковано 12 чер 2024
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I'm Jensen Tung, a filmmaker and entrepreneur with a love for entrepreneurship, personal finance, and self-improvement. My goal is to help you create a more fulfilling life for yourself. Subscribe to be a part of the journey!
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TIMESTAMPS
0:00 - How To Invest
0:21 - Definition
0:28 - Step 1: Calculate how much money you gave
1:14 - Step 2: Set up an Emergency Fund
1:51 - Step 3: Create a strategy
3:11 - Step 4: Pick your investments
3:25 - Stocks
3:50 - ETFs
4:24 - Mutual Funds
4:49 - GICs
6:02 - Step 5: Open an investment account
6:18 - Tax-Advantaged Account
7:05 - Step 6: Purchase your investments
7:50 - Dollar Cost Averaging (DCA)
8:25 - How I'm investing in 2022
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The video is about how to invest for beginners in 9 min. The video is clear and concise, and covers the basics of investing in an easy-to-understand way. You'll learn about all the essential steps, like creating a budget, building an emergency fund, creating a strategy, different types of investments, tax-advantaged accounts, and purchasing your investments. I also talk about when to buy and Dollar Cost Averaging. By the end of this video, you'll be ready to start investing and be on your way to financial success!
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DISCLAIMER
The information contained herein is for information purposes only. The information has been drawn from sources believed to be reliable.
The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance.
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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing.
Mutual fund accounts are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaranteed or insured. Their values change frequently. There can be no assurances that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Past performance may not be repeated. Mutual fund strategies and current holdings are subject to change.
Mutual Fund Representatives with TD Investment Services Inc. distribute mutual funds at TD Canada Trust. TD Mutual Funds and the TD Managed Assets Program portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank and are available through authorized dealers.
® The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.
TFSA
Annual contribution limit for 2021 is $6,000. Annual contribution limit for 2019 and 2020 was $6,000 and from 2016 to 2018 was $5,500. Annual contribution limit for 2015 was $10,000. Annual contribution limit from 2013 to 2014 was $5,500. Annual contribution limit from 2009 to 2012 was $5,000. Annual TFSA contribution limit subject to change by the federal government.
RRSP
Subject to conditions and eligibility. Subject to conditions on the type of RRSP.
The RRSP contribution limit for the 2021 tax year is $27,830, or 18% of the earned income reported on your 2020 tax return - whichever is less. Any unused contribution room from previous years is also carried forward, so it could be more. Pension adjustments may also impact the contribution limit. You’ll find your current RRSP contribution limit in your latest Notice of Assessment or by contacting the Canada Revenue Agency (CRA).
7 Money Habits I Regret Not Starting Sooner In My 20s: ua-cam.com/video/W7eLZWqpFds/v-deo.html
Are you investing right now?
One I wanted to add in it that is you should have invest in your hobbies , art like I invested in musical instrument and now I am posting videos on UA-cam
Super good video man. Deserves a lot more views!!
Love the high quality content my man!
Appreciate it man!
You’re videos are amazing. It’s obvious how much effort and thought you put into them.
ahhh Thank you so much! This means a lot!
You are so dramatic, I love it.
Finally.. more videos of my favorite UA-camr!!!
THANKS JUDY!
On top 🔥
Even with the situation of the market , I still thank you for the level headed financial advice's . As of last week Wednesday , I count on $ 2,500 what do you suggest i should invest in ?
@Stephen Green could you be kind enough to share the info of the investment advisor guilding you ?
EmieTrade good works already speaks for him last week I invested and withdrew $7,400 and that’s Just in few days after I got started.
What are my chances as a beginner, I have made so much research trying to build a portfolio. could you recommend EmieTrade"
Most failure and loss on investment usually happens when you invest without proper guide, l also work with. EmieTrade they are legit and transparent.
@Stephen Green Thanks for your insight, I just got sign up oh the company website about to found my account
OMG glad you're posting more regularly Jensen...I've really missed you.
Nice to see you again!
Me too
The king is back!
🙏🙏🙏
Love the higher level content man
Thanks!
As a beginner investor myself, I have been doing it for about 6 months, I found this video very helpful. And I was only looking to invest short term but long term doesn't seem like a bad idea. keep on making bangers
Glad it was helpful!
Nice 👍
Thank you!
now this is value
Appreciate it!
What site do i invest etfs on?
Love from india 🇮🇳❤️ bro thankyou so much 🙂👍
Thanks for the support!
For poor people the emergency fund is like a paywall in a video game 😭
Tip: Post Consistently!
Yes!
Can you make a video on Cloud mining?
I invested in UA-cam 😉
Not a lot of those “investment guru” tell you to actually make a saving account
It was nice to hear
Even tho I give zero crab about investment right now but your video is very well done it’s enjoyable
And I can watch the whole video without being bored
I hope you never become like those “get rich guru” I also love non investment topic
Aha I will never! Thank you so much.
Hello Jesen
Yoooo
nothing to do with this video, but I just watched your learning Cantonese video and I am wondering, are you fluent yet? I want to learn too
The fact that even if I don’t spend any money I will still lose money due to inflation kinda scared me when I first started learning the economy.. I thought I had to learn how to invest, not to be super rich, but just not to lose money 😂
Investing is the new savings account 😅
first
Jensen what's your thoughts on investing in crypto in end of bear market for next crypto Bull run. My prediction it's such a great investment when anyone can invest on great crypto coin or token like - LUNC, ETH, XPR, ADA, SOL, TRX and many more what's your thought on it.
If you believe in crypto in the long run, the bear market is a great time to invest in crypto. But be careful as it's hard to know when they'll bounce back, and if they even will. Altcoins especially.
Hi there Mr. Tung, I am living on disability benefits, and currently have a lawsuit against the person responsible for my disablement. If I win, I will have somewhere above $1M. Having said that, I am 35 years old, and this money has to last the rest of my life. I have no idea how to handle this kind of money, as I have lived most of my live on disability benefits which I have had since early childhood. I overcame those to get into some work, and was finally in a good place when this incident happened. So my question is, with this kind of money, what would you best advice be, to create a steady income stream to live comfortably for the rest of my life. I don't own my own home, but I do plan on it once whatever investments I make ( if I win ) show me enough positive progress to allow for such a purchase. What would you do in my situation? what should I be considering? should I be planning on a short term plan to get me a house etc? Thanks.
Jensen, my man, the biggest financial markets crash of our lifetimes, bigger than 2008, is gonna happen by the end of the year. Then the FED will pivot (again) and the melt up begins...Eurodollar system is ending...money is dying...
Be prepared to pick up deals! Got to keep focused on the long term.
How do you have such great body language?
💝 wientv 💝