Making money is not nearly as vital as protecting your cash. Basically, since it is far more difficult to make money if you lose your capital. "Missing the train" as opposed to "losing your money." There are several trains, but it's over if you lose your money.
No one is familiar with anything. Regardless of the consequences, you must develop your own procedure, control risk, and follow the plan while also always learning from your failures and getting better.
That's precisely why I like having a professional advise me when making market decisions. Their entire skill set is based on simultaneously going long and short while using risk management and market knowledge. I've been using a portfolio coach for more than two years, and throughout that time, I've made over $1 million.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
Investing is the way to go if you want to become wealthy this year. Investing makes your money better even though saving is a good thing. I'm happy with the decisions I made last year, and my financial advisor is the reason my portfolio is performing well.
Alright. Financial advisors are often underestimated in their value. Research spanning over half a century demonstrates that individuals who work with advisors typically earn more money than those who do not. I was fortunate enough to work with one for thirteen years, resulting in a portfolio valued at $2 million.
Want to say thanks to you and all the finance UA-cam guys out there. I’m 28 and never had much financial education. Three years ago got married and was just about dead broke. Started studying and listening to you and various others and my net worth just hit 60k on track to hopefully end 2025 in the six figure bracket for the first time in my life. Can’t thank you enough. Cheers!
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have, and selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies.
DCAing amongst various assets is a good strategy and can help reduce the impact of market volatility and thus a good strategy if you are looking to compound . However it is important to consider financial advisory when investing .
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I'm ecstatic with the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 100 grand right now? My goal is to position myself for a prosperous Q1 in 2025.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
"DCA DCA" is the golden term but the key. My dollar portfolio i DCA with is made up of 30% SCHG, 25% SCHD, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
Sure i don't mind. I've stuck with ‘’Melissa Elise Robinson” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I can’t believe this is the end of year already and I have investment goals I haven’t achieved yet. I hear people talk about a bull run in the financial market and I just recently sold a home. Do you suggest I utilize a financial advisor on stocks to buy, or can I do it on my own?
its just like asking if you should self-medicate, of course it’s always better to consult a doctor, so yes it’s a good idea to seek financial advise if you think you need guidance
True, I'm in line with advisory service cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well matched for every season of the market and has yielded over 300% since the 2020 pandemic to date. IMO, nothing beats expertise.
i'm blown away! mind sharing basic info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
I’m cautious about giving specific recommendations as everyone's situation varies. You may consider independent financial advisors like Katherine Nance Dietz. I've worked with her for barely 5 years now and I'd gladly commend her exemplary service on a public post.
glad to have stumbled upon this, curiously inputted ''Katherine Nance Dietz' on the web, easily spotted her consulting page and was able to schedule a call session with her, she seems highly professional from her resumé
Biggest year for me so far, net worth increased $80k, I maxed my 401k/IRA AND HSA, I quit drinking (saving $250 per month from this), started cycling, and also did a solo trip to Italy. I’m 27 and really motivated to keep going.
Same. June 30th 2023. Since then I finished my bachelors, started a master, bought a house and started investing. I had 8k in losses in 2018. Would I need to get documentation from Robinhood and I can use that to offset future gains?
@@ab3040 I had a pretty big drinking problem so I also stopped going to bars and associating with people that drink a lot. That was a hard one. But I met new people through cycling so just switched my circle. That is basically the only thing that allowed me to change my group of friends. All my old buddies were people that weren’t at my level so just had to drop them. It’s different for everyone but that’s what worked for me.
A long term goal is to make yourself more resilient. By handling stress better, you'll feel the need to decompress less often. Sign up for uncomfortable things (gym, 5ks, karaoke, poetry night, dance classes, etc). As you expose yourself more, you'll find things don't get to you like they used to. Because of this, you'll never need a drink to decompress because you never compressed in the first place, capishe?
from $10,000 to $76,000 that's the minimum range of profit return every week i thinks it's not a bad one for me. i now have enough to pay bills and take care of my family.
day trading is thev best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Olivia kenny, restored hope shes a good woman
It's unbelievable that the year is almost over and that I still haven't met my investment objectives. I recently sold a house, and I hear folks talking about a financial market bull run. Can I buy stocks on my own, or do you advise me to use a financial advisor?
Yes, it's a good idea to seek financial advice if you believe you need direction. It's similar to wondering if you should self-medicate-of course, it's always better to visit a doctor.
True, I'm in line with advisory service cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well matched for every season of the market and has yielded over 300% since the 2020 pandemic to date. IMO, nothing beats expertise.
I’m cautious about giving specific recommendations as everyone's situation varies. You may consider independent financial advisors like Annette Marie Holt. I've worked with her for barely 5 years now and I'd gladly commend her exemplary service on a public post.
Uhh Humphrey, you have educated me so much in regards to finance. I have 0 debt, a very healthy emergency fund, 401K. Roth IRA, and a Brokerage account with a Vanguard. Keep being perfect! 💰
To attain upper-class wealth, a wise individual recognizes that building financial success requires smart investments, strategic tax planning, and informed decision-making. Although the stock market offers growth potential, effectively seizing these opportunities demands both skill and expertise.
Stock investments can offer great potential, but it's essential to approach them with caution. I recommend consulting a financial advisor who can help you determine the optimal times to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
Well I think it's time to start trimming some of the fat and increase dry powder. I'm considering diversifying my portfolio of $200k to hedge against potential downturns but unsure of the best strategy to do so.
Predictions about market like this often turn out to be wrong. You should consult with an expert to help you diverse your port safely so you don’t get burnt by your emotions
It's better to be prepared. Even if nothing happen, having a diversified portfolio can protect us from other risks. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends. Highly recommend!
Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I appreciate the video and I have questions regarding sizing into a trade and also ETF/Digital assets portfolio management. Often times I see myself sizing in when my pre-determined zone is met but I’m unsure what has the best potential: going with a full size order or sizing more as my the price extends further into my zone. And how are people making $450K already in the year? Sometimes the psychological part of this is the most difficult!
The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Do you suppose you could recommend any consultants or professionals I could speak with over the phone? I desperately need to allocate my investments properly.
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
Time is the most critical factor in investment growth. The longer you wait, the significantly less you’ll have down the road. If you're aiming to retire by 60, it's not financially ideal to prioritize paying off your mortgage early before the age of 45.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
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 Charlotte Grace Miller for helping me achieve this
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
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
I turned 29yrs old this year. I've been financially struggling all my life, even though I live at home. I've decided to stop being illiterate in finances and begun listening to your channel. Thank you for what you do and the tips you provide. I think the biggest obstacle for most of us illiterates is fear. But I fear living like I'm currently am for the rest of my life. I'll become a recovering illiterate!
@@MT-gi8wp I recently got some nieces and newphews. Are you able to set up 529 for kids that aren’t yours? I assume it had to be done with parental permission
@@Howard_johnson you will need to ask the parents for their kids’ social security number and birth date. i am sure their parents would appreciate any help they can get to pay for college expenses. i can’t stand shopping and kids already get too many toys and junk as gifts, so i would rather give them money in a 529 college fund.
That’s cool. I opened a custodial brokerage for my nephew. He can use for any purpose since I want sure he’d be going to college and I don’t get a tax break in my stupid state.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $1million in that time frame.
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Stocks like Tesla and NVIDIA still have some way up to go. It's always a good idea to go over it with a financial advisor. You might get new insights on how to go about it and that increases your chances of making huge profit.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 65% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you need an excellent collaboration.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant and everything changed. In in the first quarter of this year i made $370k and counting.
Melissa Terri Swayne is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Good advice to anyone today, Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio…
Investing in many source of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Good assets and digital currencies are still good investment at this time.
This is superb! Information, as a noob it gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
Check out New Zealand. It's summertime there. It's beautiful and naturey. But really, travel anywhere because learning about the world in person is priceless. As always, thanks for the tips and reminders. Happy Holidays!
I’m very encouraged to see the number of young people hear speaking to their net worth and making gains so early. I’m 58 and I’ve been following these principles and more since I was 18. I’ve been retired (civil engineer) since 55 and we live the dream. I will add, just because I’m not sure Humphrey has ever said it, BUT don’t ever steal from future you! Once you send money into investments it no longer belongs to you, it belongs to future you when you get old. At some point you will realize there is no longer a point to work when your money makes way more money than you do. Then retire.
@@le_th_ If you don't live long it won't matter anyway! If you do live that long, and your not prepared then you will live in poverty. So, you do you bud! I've chosen my path and its wonderful!
Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
Wow that's awesome investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Always appreciate your videos! I am officially relocating back to the states after two decades abroad. Have always learned a lot from your videos for the past few years.❤❤❤
I am 21 and have saved over 100k it doesn't even feel real. I have worked so hard for this but it's really happening. I can't wait to have my own condo and security and a dog. I want it more than anything and I am almost there
The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like Al-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
Please how can I liase with such experts? I am seeking for a very effective investment approach for my savings which gradually depreciates in value due to inflation
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Tracy Britt Cool Consulting" I've worked with her for some time and highly recommend her. Check if she meets your criteria.
One thing to mention on tax-loss harvesting is that the losses you can deduct each year are limited by your gains that same year. In other words, if you made no gains and actually sold stock for a $5,000 loss, only $3,000 (I believe that's the yearly limit) can be deducted from your income while the remaining $2,000 has to be carried over to the next tax year. If you had something like a $50,000 loss, same thing applies. It can only be deducted from your income in $3,000 increments each year (assuming no gains at all, which is hopefully not the case).
@Humphrey Yang You should travel to Japan while the conversion rate is still very favorable. Make sure to document your travels and add it to this channel or another.
Such a good video! I was working on my personal finances and needed just a bit of guidance to see if I’m missing anything in preparation for the new year! Thanks for all the wonderful content! 🎉❤
For a vacation, may I recommend the Canadian side of Niagara Falls. The Clifton Hill area is simply amazing; we did this for the solar eclipse last April, and it was worth every penny for both adults and kids.
I'm thinking about beginning my investment journey, but I feel a bit overwhelmed and uncertain. Do you have any friendly tips or suggestions for people I could reach out to for guidance?
I'm happy to hear about your positive experience! As a beginner, I initially lost quite a bit until I started working with Mr. Johnson, who appears on CNBC. He has effectively managed my portfolio and provided solid returns, and I truly appreciate he's sincerity and genuine service.
Gold, BTC, quality global stocks, yes, however not property, if the U.S. dollar gets hyperinflation everything becomes worthless in that country, only global assets survive. Yes assets will go up against the U.S. dollar, however the U.S. dollar would become worthless compared to other currencies or global assets. As for property in the U.S, property is a national fiat asset, it would go up in value against the U.S. dollar, however not in other currencies or global assets. .. Anyone feeling the impact of these economic shifts should consider Crypto long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 520k from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish..
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
I really regret not knowing a lot of this in my teens and 20s. This should be taught in schools. I'd consider it more important than a lot of subjects currently taking up time in school. In my late 30s now and I feel so left behind.
More than a collapse in the stock or real estate markets, inflation has a direct impact on people's standard of living. It’s no surprise that current market sentiment is so negative. To navigate this economy, expert guidance is more crucial than ever. ETFs, stock markets, and the housing sector are all volatile. My $350k portfolio has taken a serious hit.
In my view, investing was far simpler back in the '80s. today’s environment is much trickier. Those consistently profiting in the current market are usually professionals, which is why I've been working with an advisor for the last five years to build my portfolio in preparation for retirement.
Joanne Allessi has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
@@GregAli-f1m Thank you for the recommendation. Finding her online was straightforward. I did my due diligence and scheduled a call. her credentials are impressive and she seems very knowledgeable.
I love the graphics that you incorporate into your videos. I'm just curious how you are producing those? What software, is there someone on your team responsible for those etc?
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started trading that I am trying to correct now. Listening to you gives me inspiration and wisdom. Thank you so much, it's mind-blowing!
Yeah, more reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $800k in return on investment, since using a coach 2years and counting.
In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
You spend 40 years working to save $1 million for retirement, while others put just $10,000 into cryptocurrency for a few months and end up becoming multimillionaires.
We are a few years from retirement, so we have been saving 35% in the last years. Our plan is to save 40%-50% from now to retirement. We have 3 side hustles besides our full time job. September is a great time to go to Switzerland (Zermatt is beautiful) if you like the mountains.
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area. Thanks so much Natalie Rose Strayer
Man it is hard to navigate your comments sections on your videos Humphrey. There is so much Spam...are all these Spam "financial advisers" real people or is this their way of getting you to a web site that tries to trick you into giving them personal information? I wouldn't go to one regardless...just trying to figure out what their scam is. Thanks for the video as always Humphrey.
First comment here! Thanks for all knowledge you've shared throughout the year! It certainly helped me to understand the investment world and take action!
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 below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
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
@@MartaRinker However, if you do not have access to a professional like Suzanne Gladys Xander, 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.
For the layman, Cash is tangible. Money is what you have in the bank. It's kind of confusing when you use them interchangeably. These days you can't make a large purchase like a house with cash.
Following the Trump victory,My spouse and I 've set aside $250k to follow up these stocks I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Yes. It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit
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.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I asked Capital One for an interest rate reduction from around 24% to 17% (still outrageous but better....) because I had been with them for over 20 years, but they told me "No." So I paid off the card in a couple months and closed the account. F*** 'em!
Well, I don’t know if this applies, but isn’t their a minimum amount of capital gains that aren’t taxable for people who are either single and married filing jointly? Where anything above that minimum becomes taxable? So only for people who have high earnings would your advice be beneficial?
I'm a huge fan of the saving snow ball. If you don't think that you can save 20% that's fine just save maybe 10%, heck 5%. Anything is better than nothing. Then in 3 months, try to increase your saving rate by 2 or 5%. Then keep doing it until you're at the savings rate that you want to target. And you'll notice that your spending gets leaner when you automatically save and limit the money that hits your checking.
In the example, if you lose $100k this year, how do you use it to offset future years? Do I need to do anything when I report taxes each year referencing that $100k? Or is it automatically tracked?
I think the market might recess soon. Would it be a bad idea to cash out my money in the market and pay off my only debt, my truck. (9,000). I have a little more than that in the market.
I go over my debts every month. I want to pay off debt ($22,000) by April 2026. I get overtime every month. I've started taking 50% of every OT check and putting it toward a credit card, in addition to regular payments (avalanche method- I hate paying high interest rates) , just started putting n g 25% to a high yield savings (forbright) and then 25% to my easily accessible emergency fund (working toward goal). What changes should I make, if any, to pay off debt faster?
Go to Japan while US dollar is stronger. Visit all over Japan from Northern parts to Southern parts. Make sure you choose a Japanese airline for round trip as the services are way better!
Access my stock portfolio and our community chat here➡ whop.com/critical-wealth
Making money is not nearly as vital as protecting your cash. Basically, since it is far more difficult to make money if you lose your capital. "Missing the train" as opposed to "losing your money." There are several trains, but it's over if you lose your money.
No one is familiar with anything. Regardless of the consequences, you must develop your own procedure, control risk, and follow the plan while also always learning from your failures and getting better.
That's precisely why I like having a professional advise me when making market decisions. Their entire skill set is based on simultaneously going long and short while using risk management and market knowledge. I've been using a portfolio coach for more than two years, and throughout that time, I've made over $1 million.
Do you mind sharing info on the adviser who assisted you? I'm 49 now and would love to grow my stock portfolio and plan my retirement
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
Investing is the way to go if you want to become wealthy this year. Investing makes your money better even though saving is a good thing. I'm happy with the decisions I made last year, and my financial advisor is the reason my portfolio is performing well.
Alright. Financial advisors are often underestimated in their value. Research spanning over half a century demonstrates that individuals who work with advisors typically earn more money than those who do not. I was fortunate enough to work with one for thirteen years, resulting in a portfolio valued at $2 million.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
“Annette Marie Holt” is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Annette Marie Holt is the licensed advisor
Want to say thanks to you and all the finance UA-cam guys out there. I’m 28 and never had much financial education. Three years ago got married and was just about dead broke. Started studying and listening to you and various others and my net worth just hit 60k on track to hopefully end 2025 in the six figure bracket for the first time in my life. Can’t thank you enough. Cheers!
Congratulations! Examples like you are what keep us smaller channels motivated 🥲
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have, and selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies.
DCAing amongst various assets is a good strategy and can help reduce the impact of market volatility and thus a good strategy if you are looking to compound . However it is important to consider financial advisory when investing .
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
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.
Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Trading in Bitcoin now is the wisest thing to do now especially beginner....
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I'm ecstatic with the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 100 grand right now? My goal is to position myself for a prosperous Q1 in 2025.
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10%
Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
"DCA DCA" is the golden term but the key. My dollar portfolio i DCA with is made up of 30% SCHG, 25% SCHD, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
I find your situation fascinating. Would you be willing to suggest a trusted advisr you've worked with?
Sure i don't mind. I've stuck with ‘’Melissa Elise Robinson” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I can’t believe this is the end of year already and I have investment goals I haven’t achieved yet. I hear people talk about a bull run in the financial market and I just recently sold a home. Do you suggest I utilize a financial advisor on stocks to buy, or can I do it on my own?
its just like asking if you should self-medicate, of course it’s always better to consult a doctor, so yes it’s a good idea to seek financial advise if you think you need guidance
True, I'm in line with advisory service cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well matched for every season of the market and has yielded over 300% since the 2020 pandemic to date. IMO, nothing beats expertise.
i'm blown away! mind sharing basic info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
I’m cautious about giving specific recommendations as everyone's situation varies. You may consider independent financial advisors like Katherine Nance Dietz. I've worked with her for barely 5 years now and I'd gladly commend her exemplary service on a public post.
glad to have stumbled upon this, curiously inputted ''Katherine Nance Dietz' on the web, easily spotted her consulting page and was able to schedule a call session with her, she seems highly professional from her resumé
Biggest year for me so far, net worth increased $80k, I maxed my 401k/IRA AND HSA, I quit drinking (saving $250 per month from this), started cycling, and also did a solo trip to Italy. I’m 27 and really motivated to keep going.
Congratulations on a very successful 2024! :) , Keep it up!!
Same. June 30th 2023. Since then I finished my bachelors, started a master, bought a house and started investing. I had 8k in losses in 2018. Would I need to get documentation from Robinhood and I can use that to offset future gains?
How do you deal with the stress if you don't drink?
I've significantly slowed down on drinking but can't seem to stop for this reason
@@ab3040 I had a pretty big drinking problem so I also stopped going to bars and associating with people that drink a lot. That was a hard one. But I met new people through cycling so just switched my circle. That is basically the only thing that allowed me to change my group of friends. All my old buddies were people that weren’t at my level so just had to drop them. It’s different for everyone but that’s what worked for me.
A long term goal is to make yourself more resilient. By handling stress better, you'll feel the need to decompress less often. Sign up for uncomfortable things (gym, 5ks, karaoke, poetry night, dance classes, etc). As you expose yourself more, you'll find things don't get to you like they used to. Because of this, you'll never need a drink to decompress because you never compressed in the first place, capishe?
!!Hi mate so exicted today just reached my goal of 400k since June2024 to December 2024 I thank GOD for the life and wisdom shared
this is huge amount congrat to you
interesting I'm 57 and no much income in my life how do I make it like you if possible 🙆
from $10,000 to $76,000 that's the minimum range of profit return every week i thinks it's not a bad one for me. i now have enough to pay bills and take care of my family.
day trading is thev best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Olivia kenny, restored hope shes a good woman
Life is easier when the cash keeps popping in, thanks to Kenny Olivia
It's unbelievable that the year is almost over and that I still haven't met my investment objectives. I recently sold a house, and I hear folks talking about a financial market bull run. Can I buy stocks on my own, or do you advise me to use a financial advisor?
Yes, it's a good idea to seek financial advice if you believe you need direction. It's similar to wondering if you should self-medicate-of course, it's always better to visit a doctor.
True, I'm in line with advisory service cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well matched for every season of the market and has yielded over 300% since the 2020 pandemic to date. IMO, nothing beats expertise.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
I’m cautious about giving specific recommendations as everyone's situation varies. You may consider independent financial advisors like Annette Marie Holt. I've worked with her for barely 5 years now and I'd gladly commend her exemplary service on a public post.
Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.
Uhh Humphrey, you have educated me so much in regards to finance. I have 0 debt, a very healthy emergency fund, 401K. Roth IRA, and a Brokerage account with a Vanguard. Keep being perfect! 💰
Lets go!!!
To attain upper-class wealth, a wise individual recognizes that building financial success requires smart investments, strategic tax planning, and informed decision-making. Although the stock market offers growth potential, effectively seizing these opportunities demands both skill and expertise.
Stock investments can offer great potential, but it's essential to approach them with caution. I recommend consulting a financial advisor who can help you determine the optimal times to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
How can I reach this advisor of yours? because I'm seeking for a more effective investment approach on my savings
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.
The fact that nobody talks about the book Forbidden Money Behind Closed Doors talks about dark techniques how people attract money
thanks for sharing bro
Well I think it's time to start trimming some of the fat and increase dry powder. I'm considering diversifying my portfolio of $200k to hedge against potential downturns but unsure of the best strategy to do so.
Predictions about market like this often turn out to be wrong. You should consult with an expert to help you diverse your port safely so you don’t get burnt by your emotions
It's better to be prepared. Even if nothing happen, having a diversified portfolio can protect us from other risks. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends. Highly recommend!
Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Scam
Humphrey, I've been watching your videos for a year now and my Networth went from $0 to $10K in 5 months!!
I recommend everyone to find the book titled The Secret Doctrine of Wealth, it changed my life.
this book is one of the best i ever read!
great read bro!
where we can find that book?
I appreciate the video and I have questions regarding sizing into a trade and also ETF/Digital assets portfolio management. Often times I see myself sizing in when my pre-determined zone is met but I’m unsure what has the best potential: going with a full size order or sizing more as my the price extends further into my zone. And how are people making $450K already in the year? Sometimes the psychological part of this is the most difficult!
The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Do you suppose you could recommend any consultants or professionals I could speak with over the phone? I desperately need to allocate my investments properly.
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
Time is the most critical factor in investment growth. The longer you wait, the significantly less you’ll have down the road. If you're aiming to retire by 60, it's not financially ideal to prioritize paying off your mortgage early before the age of 45.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
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 Charlotte Grace Miller for helping me achieve this
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
The very first time we tried, we invested $1400 and after a week, we received $5230. 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
I turned 29yrs old this year. I've been financially struggling all my life, even though I live at home. I've decided to stop being illiterate in finances and begun listening to your channel. Thank you for what you do and the tips you provide. I think the biggest obstacle for most of us illiterates is fear. But I fear living like I'm currently am for the rest of my life. I'll become a recovering illiterate!
24 and my net worth jumped by 20k this year let’s goooooo
And who cares?
I turned 30 this year and mine jumped 70k 😎💯💯💯
@ wow, but the question is who cares
@@bigcookie9729why you mad, you broke?
Congratulations🎉🎉
The idea behind the book entrepreneurial cash secrets really blew my mind. It’s like stumbling upon a hidden shortcut to financial abundance.
Shut up
Just watched your video discussing XAI29B and I am very excited about this
i have no kids, but i did setup 529 college accounts for my 4 nieces and nephews since they were born.
@@MT-gi8wp I recently got some nieces and newphews. Are you able to set up 529 for kids that aren’t yours? I assume it had to be done with parental permission
@@Howard_johnson you will need to ask the parents for their kids’ social security number and birth date. i am sure their parents would appreciate any help they can get to pay for college expenses. i can’t stand shopping and kids already get too many toys and junk as gifts, so i would rather give them money in a 529 college fund.
That's so kind of you!
@ I’m kind of in the same boat. I know all people are different but was it an easy conversation to have with the parents?
That’s cool. I opened a custodial brokerage for my nephew. He can use for any purpose since I want sure he’d be going to college and I don’t get a tax break in my stupid state.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $1million in that time frame.
@@PatrickLloyd- Do you mind sharing info on the adviser who assisted you? I'm 49 now and would love to grow my stock portfolio and plan my retirement
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Loved this video! Thank you for always motivating us to improve our finances!
You are so welcome!
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Stocks like Tesla and NVIDIA still have some way up to go. It's always a good idea to go over it with a financial advisor. You might get new insights on how to go about it and that increases your chances of making huge profit.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 65% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you need an excellent collaboration.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant and everything changed. In in the first quarter of this year i made $370k and counting.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
Melissa Terri Swayne is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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.
BodyHoliday in St. Lucia. Worth every pennie. Great staff, great food, great amenities, and the other guest are delightful.
1:58 🤯 This advice blew my mind! I’ve been sharing similar things on my channel to help people master their personal finances.
Good advice to anyone today, Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
Everyone should have BTC in their portfolio…
Investing in many source of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Good assets and digital currencies are still good investment at this time.
This is superb! Information, as a noob it gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?
A big thanks to Jihan Wu with his trading advice, at least I can afford a good home and also have to retire early.
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
I am very thankful for my 401k setup, as i put in 6% and my company puts in 14%
As a beginner , how can i make good earnings with $4,000?
My early investing experiences had alot of setbacks. Stephany's advice was important in minimizing additional losses
Indeed, most people downplay the roles of financial planners until burnt by their mistakes
Stephany stands out from other brokers with her practical approach, unlike many who set overly ambitious goals they can’t deliver on
how can i find her?
Why is being rich even necessary? It feels like an uphill battle all the time. I’m starting to think a simpler, less stressful life is the way to go
Check out New Zealand. It's summertime there. It's beautiful and naturey. But really, travel anywhere because learning about the world in person is priceless. As always, thanks for the tips and reminders. Happy Holidays!
Well explained. Thanks for bringing up the video. hope everything will be alright next year
You are awesome Humphreys. Thanks for all you do
I appreciate that!
I’m very encouraged to see the number of young people hear speaking to their net worth and making gains so early. I’m 58 and I’ve been following these principles and more since I was 18. I’ve been retired (civil engineer) since 55 and we live the dream. I will add, just because I’m not sure Humphrey has ever said it, BUT don’t ever steal from future you! Once you send money into investments it no longer belongs to you, it belongs to future you when you get old. At some point you will realize there is no longer a point to work when your money makes way more money than you do. Then retire.
That's a great plan if you live long enough to see it happen.
@@le_th_ If you don't live long it won't matter anyway! If you do live that long, and your not prepared then you will live in poverty. So, you do you bud! I've chosen my path and its wonderful!
Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
Wow that's awesome investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should do?
Cryptocurrency/stock investment, but you will need a professional guide on that.
Facebook 👇
Amelia C. Sanders
Always appreciate your videos! I am officially relocating back to the states after two decades abroad. Have always learned a lot from your videos for the past few years.❤❤❤
I am 21 and have saved over 100k
it doesn't even feel real. I have worked so hard for this but it's really happening. I can't wait to have my own condo and security and a dog. I want it more than anything and I am almost there
Hey Humphrey, could you make an updated video on your ROTH IRA portfolio ?
The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like Al-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
Please how can I liase with such experts? I am seeking for a very effective investment approach for my savings which gradually depreciates in value due to inflation
@Jatestones Who is this person guiding you and how can i reach he/she?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Tracy Britt Cool Consulting" I've worked with her for some time and highly recommend her. Check if she meets your criteria.
I honestly learned a lot of new things today. Thank you!
One thing to mention on tax-loss harvesting is that the losses you can deduct each year are limited by your gains that same year. In other words, if you made no gains and actually sold stock for a $5,000 loss, only $3,000 (I believe that's the yearly limit) can be deducted from your income while the remaining $2,000 has to be carried over to the next tax year. If you had something like a $50,000 loss, same thing applies. It can only be deducted from your income in $3,000 increments each year (assuming no gains at all, which is hopefully not the case).
Actual sound advice! no gimmicks or dumb investment "hacks", just learn to manage the money you have
Love it! Your content is always top notch.
I appreciate that!
@Humphrey Yang You should travel to Japan while the conversion rate is still very favorable. Make sure to document your travels and add it to this channel or another.
Can you do a video for HYSA vs MMF?
Such a good video! I was working on my personal finances and needed just a bit of guidance to see if I’m missing anything in preparation for the new year! Thanks for all the wonderful content! 🎉❤
Thanks for sharing XAI29B and XRP. 💯
For a vacation, may I recommend the Canadian side of Niagara Falls. The Clifton Hill area is simply amazing; we did this for the solar eclipse last April, and it was worth every penny for both adults and kids.
I'm thinking about beginning my investment journey, but I feel a bit overwhelmed and uncertain. Do you have any friendly tips or suggestions for people I could reach out to for guidance?
Consulting an expert when creating an investment portfolio is a wise choice, as the process can be quite complex.
It's a smart decision to seek advice and guidance from financial experts like Ray F Johnson on how to adjust your investments.
I'm happy to hear about your positive experience! As a beginner, I initially lost quite a bit until I started working with Mr. Johnson, who appears on CNBC. He has effectively managed my portfolio and provided solid returns, and I truly appreciate he's sincerity and genuine service.
Are you familiar with him? He's incredible and has helped my spouse and me buy our home and car.
He interacts on telegram 💯
Great decision! Still love my 2001 Outback...hope it runs forever!
Going to Barcelona and Lisbon in January! I’ll let you know!
Gold, BTC, quality global stocks, yes, however not property, if the U.S. dollar gets hyperinflation everything becomes worthless in that country, only global assets survive. Yes assets will go up against the U.S. dollar, however the U.S. dollar would become worthless compared to other currencies or global assets. As for property in the U.S, property is a national fiat asset, it would go up in value against the U.S. dollar, however not in other currencies or global assets. .. Anyone feeling the impact of these economic shifts should consider Crypto long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 520k from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish..
Francine duguay program is widely available online..
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
Thank you…. I have searched her up Google I think I am satisfied with her experience.
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
Grats Humphrey, you know you made it when you have more bot comments than normal ones ;)
Thanks this is very good. The place to go on a fancy vacation: Sri Lanka!
I really regret not knowing a lot of this in my teens and 20s. This should be taught in schools. I'd consider it more important than a lot of subjects currently taking up time in school. In my late 30s now and I feel so left behind.
Nice video! Come on over to Montego Bay when you are ready for your fancy vacation.
More than a collapse in the stock or real estate markets, inflation has a direct impact on people's standard of living. It’s no surprise that current market sentiment is so negative. To navigate this economy, expert guidance is more crucial than ever. ETFs, stock markets, and the housing sector are all volatile. My $350k portfolio has taken a serious hit.
However, there are still investors making solid returns during this period. You need to be well-informed or seek help from a professional.
In my view, investing was far simpler back in the '80s. today’s environment is much trickier. Those consistently profiting in the current market are usually professionals, which is why I've been working with an advisor for the last five years to build my portfolio in preparation for retirement.
@@GregAli-f1m My partner is thinking about following a similar path. Could you provide more information on the advisor you work with?
Joanne Allessi has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
@@GregAli-f1m Thank you for the recommendation. Finding her online was straightforward. I did my due diligence and scheduled a call. her credentials are impressive and she seems very knowledgeable.
I love the graphics that you incorporate into your videos. I'm just curious how you are producing those? What software, is there someone on your team responsible for those etc?
8)put up the Christmas tree ⛄ 🧑🏾🎄🎄🎁
Amein. In my case:
8)put up the Chanukah Menorah 🍩🕎✡️🎁
👍🏾😊@@LeviHashem
Love Framer. I use it for my own portfolio.
They r great!
So much knowledge! Absolutely free! All of this is not taught in school or university! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started trading that I am trying to correct now. Listening to you gives me inspiration and wisdom. Thank you so much, it's mind-blowing!
Yeah, more reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $800k in return on investment, since using a coach 2years and counting.
In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
I’ve actually been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is? Please.
Sharon Ann Meny, you can read up on her, she's quite known and her works speaks for itself.
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.
You spend 40 years working to save $1 million for retirement, while others put just $10,000 into cryptocurrency for a few months and end up becoming multimillionaires.
I want to build my investment portfolio but lack knowledge. Can anyone suggest a reliable mentor?"
Consulting a professional is essential since navigating the investment landscape on your own can be overwhelming.
Having a trusted advisor like Colleen O'Brien makes all the difference when it comes to achieving success
Colleen stands out because of her practical and effective strategies, unlike others who promise big results but rarely deliver.
Is Colleen O'Brien really that popular? I keep hearing her name mentioned everywhere
Enjoyed the video, as far as the vacation, gotta go with Delaware
My 25 percent savings include 401k, roth ira, and hsa
We are a few years from retirement, so we have been saving 35% in the last years. Our plan is to save 40%-50% from now to retirement. We have 3 side hustles besides our full time job. September is a great time to go to Switzerland (Zermatt is beautiful) if you like the mountains.
Thank you
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thanks so much Natalie Rose Strayer
You trade with Natalie Strayer too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
she's mostly on Instagrams, using the user name
@Fxstrayer ..that's it .
If you’ve got at least 2 weeks, I recommend New Zealand
Man it is hard to navigate your comments sections on your videos Humphrey. There is so much Spam...are all these Spam "financial advisers" real people or is this their way of getting you to a web site that tries to trick you into giving them personal information? I wouldn't go to one regardless...just trying to figure out what their scam is. Thanks for the video as always Humphrey.
First comment here! Thanks for all knowledge you've shared throughout the year! It certainly helped me to understand the investment world and take action!
Asthetics on this vid were really nice, like the transitions!
If you had losses, capture some gains to offset and get the tax benefit of losses
Great information, I have an LPL account, wish I knew how to do it myself.
Arraial do Cabo is one of my favorite destinations
Pokemon cards is a specific example you mentioned. Did you start collecting by chance? It’s blowing up again in the market
Great video.
Thanks!
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 below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
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
@@MartaRinker However, if you do not have access to a professional like Suzanne Gladys Xander, 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.
@@Donnafrank-k6e Oh please I’d love that. Thanks!.
@@MartaRinker Suzanne Gladys Xander is her name .
Lookup with her name on the webpage.
You should go to Portugal! I went there in July! It's dope!
For the layman, Cash is tangible. Money is what you have in the bank. It's kind of confusing when you use them interchangeably.
These days you can't make a large purchase like a house with cash.
My conscience is calling
Following the Trump victory,My spouse and I 've set aside $250k to follow up these stocks I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Yes. It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit
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.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Hey, do you still do subscriber portfolio reviews?
I asked Capital One for an interest rate reduction from around 24% to 17% (still outrageous but better....) because I had been with them for over 20 years, but they told me "No."
So I paid off the card in a couple months and closed the account. F*** 'em!
Well, I don’t know if this applies, but isn’t their a minimum amount of capital gains that aren’t taxable for people who are either single and married filing jointly? Where anything above that minimum becomes taxable? So only for people who have high earnings would your advice be beneficial?
I'm a huge fan of the saving snow ball. If you don't think that you can save 20% that's fine just save maybe 10%, heck 5%. Anything is better than nothing. Then in 3 months, try to increase your saving rate by 2 or 5%. Then keep doing it until you're at the savings rate that you want to target.
And you'll notice that your spending gets leaner when you automatically save and limit the money that hits your checking.
In the example, if you lose $100k this year, how do you use it to offset future years? Do I need to do anything when I report taxes each year referencing that $100k? Or is it automatically tracked?
Any recommendations for a retirement account for my 55 year old sister who hasn’t saved anything for retirement?
I think the market might recess soon. Would it be a bad idea to cash out my money in the market and pay off my only debt, my truck. (9,000). I have a little more than that in the market.
I go over my debts every month. I want to pay off debt ($22,000) by April 2026. I get overtime every month. I've started taking 50% of every OT check and putting it toward a credit card, in addition to regular payments (avalanche method- I hate paying high interest rates) , just started putting n g 25% to a high yield savings (forbright) and then 25% to my easily accessible emergency fund (working toward goal). What changes should I make, if any, to pay off debt faster?
Start investing small and increase positions on dips
nit picky thing but the audio of the videos and the audio of the ads are way off. the ads are soo much louder it blows my eardrums out. Great vid
For your vacation in 2025...
Go to Thailand, if you haven't gone.
Pattaya, Thailand 🇹🇭
I recommend Greece 😊! Enjoy!
What do you think of VUSXX instead of HYSA for an emergency fund for someone in the highest tax bracket?
Go to Japan while US dollar is stronger. Visit all over Japan from Northern parts to Southern parts. Make sure you choose a Japanese airline for round trip as the services are way better!