EXACTLY. I can't reiterate enough: People start freaking out when the market dips and their 401k drops. ITS NOT A HARD LOSS UNTIL YOU PULL OUT IN A LOSS POSITION. Let the damn thing sit and wait it out as best as you can.
During a bear market, professionals typically move to cash early, short the downtrend, and wait to pick up great companies at bargain prices. Amateurs, on the other hand, often hold on stubbornly, hoping each rally signals an end to the downturn, and eventually sell when losses become unbearable.
I've been holding cash for over a week now, and to be honest, it's getting pretty dull. I think I'll buy a single share of something just to keep myself engaged and on top of my game.
Exactly. I owned four properties and my own dad tried making fun of me in 2008 when property values also dropped - and I said: I haven't lost anything - I'm not selling. In fact - I'm winning. Property taxes also goes down - so now I actually save money. When the property values goes up again, and they will, then I sell. It's all about not panicking. My initial "fortune" was earned by buying stocks in a european football club that almost crashed but I sensed it was too big to fail - so I bought all stocks I could afford. Two years later I sold them all with a 1200% profit and for the gains I bought two large properties. When people panic I make money.
@@Jesper-bl2nshey Jesper, do you have any tips on how to get into real estate in someones 20’s. I’m currently 16 and planning on becoming a mechanical engineer and I’d like to work my ass off to retire in my 30’s or 40’s.
@@StacyMcCabe Be careful - yet you also have to take chances and never sign anything without a lawyer present. Best you can do is keep an eye on the ups & downs on properties - start with buying one and rent it out. Either to a family or better yet, to a business. Here is where the lawyer comes in - there are risks in both. My first was a 4 apartment house I had rebuilt to 10 smaller apartments I rented out to university students. They don't tend to disappear in the middle of the night - and you don't have to exploit them to have a nice profit. Don't overreach - be patient and then expand. Remember I was 26 before I had the money to begin after selling the stocks - and though it bought me my own house I had to borrow to begin property investments.
I hit $$128,600 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
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by lucas lilly. A widely known crypto consultant
lucas lilly is indeed a professional, her signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. It’s huge returns is awesome! I can’t say much.
I feel the same. During the 2020 crash, I panicked and sold everything at a loss. I thought I was protecting my money, but looking back, it was the worst decision I made.
That's the thing. The only time you really lose money in the stock market is when you sell during a downturn. The market has always recovered over the long term, but fear makes people act irrationally.
Exactly. I’ve learned that timing the market is impossible. My real mistake was not having a plan to ride out the tough times. Now, I’m too scared to get back in.
I started working with Eric Paul Elmer, a Certified Financial Advisor. He helped me see that the key isn’t avoiding losses altogether-it’s having a strategy that balances short-term risks with long-term goals. He offers free consultations if you’re curious.
I agree. I've been working with a financial advisor since 2020, and I return up to 30k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favour of real estate. There will be no money in banks... You must devise a strategy for survival.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA ’DIANA CASTEEL LYNCH, a renowned figure in her line of work. 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.
I am currently holding north of $250,000 in Cash in bank making me around 5.15% currently. I was advised to invest in the stock market as its good for passive income and high returns. but right now I need strategies to invest to secure my financial future
Right, a lot of folks downplay the role of CFA until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for CFA and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m.
The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
Crash or no crash, when rates cut, it might be wise to trim some gains and build cash reserves. With my $250k portfolio in PLTR, NVDA, AMZN and uncertain growth projections, I’m unsure whether to hold or sell off assets to avoid panic. Any thoughts?
Fear and uncertainty create major wealth, it's for those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto.
Straight up! when it comes to investment planning, following the steps of a reputable advisor did the trick for me since the 2020 pandemic crash. Turned my lump sum investing into 6 figure ROI year over year. I'm semi-retired today and only work 6 hours weekly.
@@carl.rankovic that's major! your advisor must be sought after, mind disclosing basic info please? been thinking of going same route but not found any one this phenomenal
I’m cautious about giving specific recommendations as everyone's situation varies. However, you may consider independent advisors like ''Karen Lynne Chess'' I've worked with her for barely 5 years and I'd gladly commend her exemplary service on a public post.
I sold most my positions during the dip at a loss and now those stocks are doing well. Most of my holdings are in cash of about $300k now. How do I stay invested and think long-term to help me ride out the market’s ups and downs.
A long-term approach can definitely help with navigating market volatility. Set Clear Goals, Focus on Quality Investments,Stay Patient and Avoid Emotional Reactions, and Work with a Financial Advisor
After selling at a loss during the dip, I was hesitant to reinvest my $600K. My financial advisor created a long-term strategy, focusing on diversification and dollar-cost averaging. In just 18 months, my portfolio grew to $850K. Their guidance has been invaluable in helping me stay steady and think long-term through market changes.
That's amazing! Could you share how I might get in touch with your advisor? I’d love to learn more about their approach and see if they can help me achieve similar results.
Absolutely! My advisor’s name is Jennifer Leigh Hickman. I’d be happy to connect you-Hickman has been fantastic in helping me build a solid, long-term strategy. I'll introduce you so you can explore how they might help with your goals too.
I checked out Jennifer Leigh Hickman website after finding it online, and I’m so impressed! The resources and insights she shares are exactly what I was looking for. I even reached out, and her team was incredibly responsive. Excited to work with such a knowledgeable advisor!
Funny I alwys took that line as, you don’t want get shot/robbed/jealous losers, just pick it up and split. But yes, it applies here too. Don’t count it cause you’re still gambling. Haha
Why? Because in our current tax system the wealthy will just hold on to stocks forever because they have the ability to use their stocks to get liquid cash without selling.
They want to tax on unrealized gains which is crazy talk to me. How it would ever be accurate is beyond me and it's just a other grab for our money by a government that has been spend crazy.
Yup. Stocks have been great for me (in fact, a sizable amount of my house down payment was from stock profit!), and part of it is the fact I remember things like this... until you sell you haven't gained or lost anything! The winners in the stock market are always those who are patient and not easily scared
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
I told my wife this in 2008 when she wanted to sell our stock and pay off the house. I told her its not a loss until be sell it. We had a stock vaule loss of $80,000. But we hung on and years later we gained it all back and gained an extra $40,000. We then took the extra gain from our Roth IRA at 59 and 1/2 years of age and paid off the house. We are now debt free with no loss. She was glad she listened too me.
Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies to do so
I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Great recommendations. I'm looking to start investing in the stock market and other asset classes with $60k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!
Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I know people who won't invest in the stock market. "It is too risky." I try to explain that you WILL lose money if you keep it in the bank, due to inflation.
Keeping a lot of money safe in a nice little savings account because one is afraid of temporarily losing a small percentage of it for a short period of time is in of itself risk. I hope they listen to you.
Acquiring stocks could appear simple, but choosing the right stock without a tested plan can be very difficult. My main barrier to growing my $210K portfolio, which I've been working on for a while, is the absence of well-defined entry and exit plans. Any guidance on this would be highly valued.
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
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.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like Judith Lynn Staufer I've worked with her for some years and highly recommend her. Check if she meets your criteria.
I realised that the secret to making a million is making a better investment. I always tell myself that you still don't need that new car or that vacation and that mindset helps me make more money by investing. For example, last year I invested 70k in top stocks and crypt0s (with the help of my advisor of course) and I made around 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off.
According to Warren Buffett, dividends are less valuable for growing businesses and more suitable for established ones. Investing in companies that offer dividends might be seen as parking capital for steady returns, especially for those relying on portfolio income. This approach resembles bond investing, serving as a means of generating consistent earnings.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, 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
I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Imagine dying before any gain because you bag held in the nikkei 225 (inflation adjusted). You're kidding yourself if you think stocks are anything but a ponzi scheme.
@@martinlutherkingjr.5582 the time horizon for each investor can be divided into 35 or 40 years of accumulation (age 25 to 65), plus another 30 or so years in retirement. We are looking at 65 to 70 years. Historic performance of the stock market over any 60 year period shows an upward trajectory. If an investor does not have the emotional constitution for the up and down gyrations. They should stay out of the stock market.
Only if you’re day trading fear is way more understanding. But for long term investments, there’s nothing to fear. Markets are gonna fluctuate, whether up or down. Such as life. It fluctuates. Acceptance could help with emotional intelligence when investing in stocks. Because without it, you can lose a lot of your hard earned money.
Although this is a very important point, it should almost equally be noted that it is beneficial to know when to cut your losses. Of course you can't really know "when", but I am more so referring to situations when someone might buy into a highly volatile investment that drops dramatically in a short period of time, so much to the point that there is risk of a delisting due to something like bankruptcy, or when we see a case of pump and dump like we did during covid. Especially in the case of some sort of cryptocurrency, where often they will immediately shoot up upon its availability and then permanently lose nearly all value. Point being that ramsey is making an important statement but that we still must consider the context to which this statement is being applied.
I really needed to hear this Dave I’m 19 and just started investing I just graduated trade school a couple months ago and work a 7 days a week job, I have a Roth IRA and a 401k which I’ve been feeding money into thank you for your inspiration Dave, I’ve been watching since Covid hit and love your show!
You're starting adulthood strong...trade school instead of college and already investing for retirement. 👏👏👏 Keep up the good work! Unsolicited advice: don't check your investments daily or even weekly cuz that can be an emotional roller-coaster which may tempt you to move your money around too often. Reevaluate your investments once or twice a year and make adjustments if needed.
I’ve invested in a few of these, but my portfolio is down by about 23%, and I honestly don’t know what to do next. Buying more isn’t an option right now, and I’m stuck trying to figure out how to recover my losses before selling everything. Any advice on how to scale up my returns would mean so much-I’m feeling really stressed because my retirement is getting closer, and I can’t afford to make any more mistakes.
The market can be really unpredictable and risky, especially for anyone new to investing or going through tough times like this. It’s so important to do your research before making any decisions or, better yet, consult a financial advisor who can guide you and help avoid mistakes. Personally, I made my first million after years of trial and error, learning how things work, and staying patient. It’s not easy, but with time and the right strategies, it’s possible to turn things around. Good luck, and don’t give up!
@@NiccoColler I completely understand how you feel because I’ve been there myself. When I started investing, I made plenty of mistakes and lost quite a lot of money. But after the 2020 market crash, I managed to recover about $160k. Instead of going at it alone again, I decided to work with an analyst, and that was the best decision I ever made. Within just seven months, my $160k grew to almost $580k. It was unbelievable! Having the right help and guidance really does make a huge difference when it comes to investing.
@@MontieUptain Wow, that’s incredible! It’s amazing that you were able to bounce back like that in such a short time. My portfolio has been struggling for so long, and I feel like I really need someone like this to help me get back on track. Could you please share who this analyst is? I could really use some expert advice for my investments.
His name is Ralph Anthony D’auge. He’s a highly skilled and experienced analyst who has helped so many people navigate the ups and downs of the financial market. I’ve seen firsthand how his guidance can make a big difference. If you’re thinking of working with him, I’d recommend looking up his credentials and background online. He has a really impressive track record and has been a lifesaver for me and others looking to recover their portfolios.
@@MontieUptain I just looked up his website on Google, and I must say, his background and expertise in investing are really impressive. I’ve already sent him an email explaining my situation and asking for his help. Hopefully, he replies soon-I really need his advice to turn things around. Thank you so much for sharing his name! It means a lot.
If you are margin trading and can't meet your brokers balance requirements, you'll have to sell at a loss... Also, the big question is "WHEN will the portfolio recover," because the market will always out-live your portfolio.
@@15KHPCLUB Understand that. Just pointing out equity is paper, not liquid. Stock paper gains rightly so aren't included in net worth, so maybe equity on homes is included just because they don't change daily and accounting is easier.
That’s actually true for all material objects, not just stocks. Nothing has a monetary value other than when it’s sold. And even a moment after it’s sold, it no longer has a monetary value. You might think something has a certain value, but you only know for sure when someone actually pays you money for it.
Yes, but it can go down and never come up again like Germany, Argentina, Japan, Brazil, and other stock markets that just aren't ever going to recover. That WILL eventually be the US, but before that happens your company you're invested in could coklapse first.
@@bonkke It never fully recovered from 1923 or 1929(or all the other horrible things we did to them after the 1940s lol) It's a fundamentally different market, extremely risk adverse and largely not worth investment. Likewise economic growth in Germany is extremely cautious too. It's not like the US where you can bet on an IPO or spac merger and become a millionaire 10 years later, or buy cheap highly leveraged zero day till expiration OTM call options and be a millionaire overnight 🤪
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
This is still a window-shopping market. But there are a lot of intriguing stocks to watch from a variety of sectors. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@@lilyhershey1 Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
Yeah i made a (so far) poor-looking investment early in on in which i lost about 75%, and i havent sold it because selling it closes the door that it could go up. Im glad it happened though because i learned that at this point theres not much more i can lose, which means theres really no point in selling it.
And, as I'm sure you know, they do. Paper losses, also known as mark-to-market, are exceedingly real. A real investor would say, never let a loss go to waste. Tax harvest that loss.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there's more to the market that we just don't know
I am guided by *Mary Onita Wier* . I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
This recommendation literally came at the right time, I’m down by $7k in stocks this week alone.. its crazy! I just looked up Mary online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
Thank you. People keep saying they made or lost money. NOT UNTIL YOU LOCK IN THE GAINS OR LOSS!! Most people cant even understand this concept and yet they try to make money in stocks. Thats why most people lose money
Don't knock on stocks . All the wealthy people have them and they will always eventually give you gains.. Better than leaving it in a bank and losing value every year due to inflation.. especially in this administration...😂😂
That's why you have "aims" in the market. For example 1000$. Once it goes higher than the 1000 you sell until it's 1000 again. Never go below that. When the worth goes below 1000 You buy more again. As it rises high above the 1000 mark you sell again. You will soon see that money keeps coming from various different sources the more sources the more money over decade you have hundreds of sources all working for you and the money you just "harvest and invest" One goes up. one goes down.
Buffett also makes hundreds of millions annually in the dividends that Berkshire’s holdings pay…which is collected in green paper as Dave Ramsey would say. You’re less likely to sell a stock in an economic downturn if the shares you’re holding are paying you a massive dividend that you’re getting cash in hand.
Concluding 2024 with a 20% decline in the S&P 500, long-term investors find a promising entry into 2024. Noteworthy ETFs include: $VOO for S&P 500, $VTI for total US market, $QQQ for tech growth, and $SCHD for growth with dividends. Calculating my annual dividends, I'm thankful for $167k-attributing it to discipline and focus.
In the past month, my "unexciting" index funds provided me with over $6,000 in dividends, giving me the option to spend without selling shares. Currently, I've opted to reinvest the dividends to acquire additional index funds for future growth.
Seeking advice on dependable monthly investment options. My goal is to eventually enhance my work income with consistent monthly returns from investments, alongside my long-term investment strategy, for a supplementary monthly income.
@@maryHenokNft Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known crypto consultant Stacey Macken
Remember guys, you don’t lose money on a new car until you sell it as a loss. That's why I often diversify so I don't panic. I want to. my 450k portfolio to grow even more by including some digital currencies. Any recommendations on this?
That's a good way to go. I had some difficulties two years ago when I wanted to invest some money in the digital cryptocurrencies, but I started with a CFP and investment just feels really easy since then and I've also made a lot of profit.
I agree. I also work with a CFP who has a good understanding of both the digital market and stock market. These days experts who have an all-round understanding are in short supply. This last quarter alone I've already made more than 150k in net profit.
In the early 1980s, I worked at Mattel Toys. Part of my compensation was stock. Then, in 1986, I was laid off with the majority of the headquarters staff. The stock plummeted at that time. From ove $100/share to less than $1/share. For years, I kept getting letters from Mattel asking me to sell them my stock. I would have lost all that money. It cost me nothing to hold onto the stock. Years later, the stock was above where it had been when I was laid off. I sold it then and used the money for a down payment on a house.
Same goes for cars. You haven’t lost anything till you sell it. They help you make money every day. The happier you are the more likely you are to make more money
I don't even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of a financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.
Rapid growth in my finance was attained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, life has been good ever since.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.
Most of us aren't good investors...we don't care much about the underlying assets we just buy as stocks go up and down. As long as an algorithm can do the thinking for me, I don't have to. It's insane how many large investors fail to do due diligence these days It used to be that if an investor gets caught with a stock that drops to zero was that the c-suite was committing fraud. Now it's either we don't care or everyone's committing fraud
I hate when people say that ... Until I sell it ... And it'll come back up ... Look how many companies go out of business.. that's not coming back up ....
I was called crazy for buying Nvidia at $138 a share, because it went down after I bought it. I just sold some at $1,143 a share yesterday and made a LOT OF MONEY
This is why you don't sell your stocks. let them sit there and borrow against their value. That way you pay almost no tax and you get to keep the stocks which will keep going up in value.
I'm going through one of the hardest times of my life right now. lost a lot of money investing in start-up businesses. I'm honestly simply perplexed right now about how other folks in the same market are making over $200k in gains in a matter of months.
Sure, a lot of people are making six-figure profits during this downturn, but most of those who effectively implement these tactics have extensive knowledge of the market.
I agree, based on personal experience with an investment advisor, I currently have $985k in a diversified portfolio with exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable.
Alicia Estela Cabouli* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
In my eyes you should leave it be and continue your life as if that money is gone. Work towards replacing it and expect the worst, but don’t sell in a loss position
The crash was fantastic. You could buy stocks for 20 cents on the dollar. Citigroup was selling for 1.50. P And G was selling for 1 dollar. Etc. It was a chance of a lifetime to buy.
Yep, I feel like I made out like a bandit. I bought a house right at the bottom of the trough, and was buying up stocks and mutual funds like crazy. The house I bought for $149K, and paid off in 5 years sold last year for $820K, because I was sick of dealing with 2 houses.
This is true. Problem is the only ones making real money are the brokers. They make money win, loose or draw. Become the middleman and you'll never loose.
@@dungeonmaster6292 IDK what kind of crack you're smoking to think I said I turned $1000 into $100k. I didn't say that. I am rich though. But I don't think it's worth convincing some internet idiot who already can't tell fantasy from reality. Stop using "Wisdom" as your dump stat.
@@dungeonmaster6292 You seem like youre a little jaded. Just because you lack control over everything doesnt mean it is busted. Gotta remember this isnt D&D where youre the dungeon master with all the control.
Individual stocks may go to Zero but diversified indices (e.g., SP500) don't. If they do, it is the end of the world as we know it! For example, SP500 = 0 means all the largest American companies in all sectors have collapsed.
If the company goes bankrupt you lost it all of course. If the company is still somehow in business with a stock at $0 then it’s still not a loss unless it’s locked in.
I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies to hedge my portfolio against market downturns and generate profits?
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Green paper also isn't necessarily of anything of value until you trade it for something of value. It's a currency. You only collect enough of it so that you can use it to fund what is needed to keep you alive. So buy what you want, but don't go to the level where you will suffer later down the line because you can't afford the necessities anymore.
It is true, people playing with stocks keeps failing on this one. You don’t gain or lose until you sell, that’s it. Don’t get the up and down value gets its way under your skin.
*Great video! i really have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this approach?*
Well, as long as you don't actually need the money that you have "lost" during a crash, you can say that. But if you're 65 and you need money to pay for a living because you don't have enough pension, then it is a real loss.
The erosion of my financial reserves due to inflation adds to my concerns. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
So what happens when the company you invest in goes broke? Then you have lost something. The stocks aren't guaranteed to gp above their original value or even break even
That's why you buy value. Those companies rarely go broke. Read the book "The Intelligent Investor", the book that Warren Buffet has always said is the best book on investing. It's not fun, but it can change your financial life.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
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 or you could hire a financial expert.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
Sonya lee Mitchell 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.
This is correct mentality. I get so many people who tell me to sell stocks because they're going down in value, because they think I've lost money. Everything has an opportunity to go back up, and may take a while, but there's always a chance. That's the gamble you take when playing the stock market. But as long as you don't sell, you haven't lost anything yet.
It's pretty simple, just do the opposite of what the average "investor" does. When things tank, look to buy. When everyone's euphoric about their gains, might be time to lock in your profit.
Exactly, it's all a numbers game.. when the value goes down - that's just a chance to get more shares at a discount, so you can break even at a lower price
Ironically, people will buy when the market is doing well (high) then panic sell when the market starts to drop (low), which is the exact opposite of what you're supposed to do. Just chill, as long as you're diversified just wait it out. In fact, invest more if you can when the market dips.
I never heard this, I don’t know much about the stock market or crypto, but this is the one concept I've always understood and didn't realize it needed to be explained to some.
And best thing to do is just keep investing automatically with bank withdrawals and don't look at the news and all the depressing news, just keep investing and in a few decades when you are ready to retire you'll be very happy that you did.
In reality, that’s just the price someone was willing to pay for it and sell it for last. It doesn’t mean someone won’t be willing to pay more for it in the future. Invest in good things that other people will want to be a part of in the future.
Many of my friends during 2008 were really concerned with value of their homes going down. Unless you have to sell because you need to move at a loss, so what. Keep the house and look at your property taxes to go down. Refinance.
Why the same don't apply to property taxes? They keep increasing every year buy I don't sell my house every year. Hmmmm How can you tax unmaterialized gains????????
EXACTLY. I can't reiterate enough: People start freaking out when the market dips and their 401k drops. ITS NOT A HARD LOSS UNTIL YOU PULL OUT IN A LOSS POSITION. Let the damn thing sit and wait it out as best as you can.
Most people are clueless, even well educated people.
For some it’s impossible to separate the ‘emotional’ attachment to potential money loss rather than actual money loss!
It is still a loss lol😀👍
@@lukazupie7220 Not if the stock goes back up. It's ALL potential loss/gain, until you sell!
Unrealized gains tax 😂😂😂
During a bear market, professionals typically move to cash early, short the downtrend, and wait to pick up great companies at bargain prices. Amateurs, on the other hand, often hold on stubbornly, hoping each rally signals an end to the downturn, and eventually sell when losses become unbearable.
I've been holding cash for over a week now, and to be honest, it's getting pretty dull. I think I'll buy a single share of something just to keep myself engaged and on top of my game.
@@BrewerVera why in the world would you hold cash during this market? spy just hit an ath
Like this comment if you're a nerf-herder.
Exactly. I owned four properties and my own dad tried making fun of me in 2008 when property values also dropped - and I said: I haven't lost anything - I'm not selling. In fact - I'm winning. Property taxes also goes down - so now I actually save money. When the property values goes up again, and they will, then I sell.
It's all about not panicking. My initial "fortune" was earned by buying stocks in a european football club that almost crashed but I sensed it was too big to fail - so I bought all stocks I could afford. Two years later I sold them all with a 1200% profit and for the gains I bought two large properties. When people panic I make money.
@@Jesper-bl2nshey Jesper, do you have any tips on how to get into real estate in someones 20’s. I’m currently 16 and planning on becoming a mechanical engineer and I’d like to work my ass off to retire in my 30’s or 40’s.
absolutely right.
@@StacyMcCabe Be careful - yet you also have to take chances and never sign anything without a lawyer present. Best you can do is keep an eye on the ups & downs on properties - start with buying one and rent it out. Either to a family or better yet, to a business. Here is where the lawyer comes in - there are risks in both. My first was a 4 apartment house I had rebuilt to 10 smaller apartments I rented out to university students. They don't tend to disappear in the middle of the night - and you don't have to exploit them to have a nice profit. Don't overreach - be patient and then expand. Remember I was 26 before I had the money to begin after selling the stocks - and though it bought me my own house I had to borrow to begin property investments.
Let it ride! You'll get used to it
I hit $$128,600 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
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by lucas lilly. A widely known crypto consultant
lucas lilly is indeed a professional, her signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. It’s huge returns is awesome! I can’t say much.
My encounter with her has been awesome. she knows a lot about the market, makes successful trades, and I've never had any issues getting my profits.
Please I'm very much interested. How can I get in touch with this Mrs lucas lilly? I really need to give her a try.
I've been burned by the stock market before. The volatility is nerve-wracking, and I always seem to buy high and sell low.
I feel the same. During the 2020 crash, I panicked and sold everything at a loss. I thought I was protecting my money, but looking back, it was the worst decision I made.
That's the thing. The only time you really lose money in the stock market is when you sell during a downturn. The market has always recovered over the long term, but fear makes people act irrationally.
Exactly. I’ve learned that timing the market is impossible. My real mistake was not having a plan to ride out the tough times. Now, I’m too scared to get back in.
I started working with Eric Paul Elmer, a Certified Financial Advisor. He helped me see that the key isn’t avoiding losses altogether-it’s having a strategy that balances short-term risks with long-term goals. He offers free consultations if you’re curious.
I agree. I've been working with a financial advisor since 2020, and I return up to 30k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favour of real estate. There will be no money in banks... You must devise a strategy for survival.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA ’DIANA CASTEEL LYNCH, a renowned figure in her line of work. 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.
Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
n have a big enough acct to hold those positions
I am currently holding north of $250,000 in Cash in bank making me around 5.15% currently. I was advised to invest in the stock market as its good for passive income and high returns. but right now I need strategies to invest to secure my financial future
I got into stocks few years ago and my candid advice for a newbie like you is to seek help from market experts rather than UA-cam
Right, a lot of folks downplay the role of CFA until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for CFA and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
'Lauren Michelle Comer' is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.
The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
Crash or no crash, when rates cut, it might be wise to trim some gains and build cash reserves. With my $250k portfolio in PLTR, NVDA, AMZN and uncertain growth projections, I’m unsure whether to hold or sell off assets to avoid panic. Any thoughts?
Fear and uncertainty create major wealth, it's for those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto.
Buy bank stocks buy bitcoin, or better still consider financial advisory and you’d just be fine for the new year
Straight up! when it comes to investment planning, following the steps of a reputable advisor did the trick for me since the 2020 pandemic crash. Turned my lump sum investing into 6 figure ROI year over year. I'm semi-retired today and only work 6 hours weekly.
@@carl.rankovic that's major! your advisor must be sought after, mind disclosing basic info please? been thinking of going same route but not found any one this phenomenal
I’m cautious about giving specific recommendations as everyone's situation varies. However, you may consider independent advisors like ''Karen Lynne Chess'' I've worked with her for barely 5 years and I'd gladly commend her exemplary service on a public post.
I sold most my positions during the dip at a loss and now those stocks are doing well. Most of my holdings are in cash of about $300k now. How do I stay invested and think long-term to help me ride out the market’s ups and downs.
A long-term approach can definitely help with navigating market volatility. Set Clear Goals, Focus on Quality Investments,Stay Patient and Avoid Emotional Reactions, and Work with a Financial Advisor
After selling at a loss during the dip, I was hesitant to reinvest my $600K. My financial advisor created a long-term strategy, focusing on diversification and dollar-cost averaging. In just 18 months, my portfolio grew to $850K. Their guidance has been invaluable in helping me stay steady and think long-term through market changes.
That's amazing! Could you share how I might get in touch with your advisor? I’d love to learn more about their approach and see if they can help me achieve similar results.
Absolutely! My advisor’s name is Jennifer Leigh Hickman. I’d be happy to connect you-Hickman has been fantastic in helping me build a solid, long-term strategy. I'll introduce you so you can explore how they might help with your goals too.
I checked out Jennifer Leigh Hickman website after finding it online, and I’m so impressed! The resources and insights she shares are exactly what I was looking for. I even reached out, and her team was incredibly responsive. Excited to work with such a knowledgeable advisor!
History shows nothing is better than solid stocks over the long term. Just be careful what you buy and dividends are a great source of income.
Just buy index funds
History shows that stocks always lose purchase power when quoted on betcoin
"You never count your money whilst you're sitting at the table."
- Kenny Rogers
There’ll be time enough for countin’ when the dealing’s done
😄
What a great song
You spelt Kenny Powers wrong
Funny I alwys took that line as, you don’t want get shot/robbed/jealous losers, just pick it up and split. But yes, it applies here too. Don’t count it cause you’re still gambling. Haha
Buy quality companies when the market dips. Not easy to do but it works in the long run. WB doesn’t day trade.
Yeah, I need money for that.
This is why it's dumb to tax earnings on stocks (as some are proposing) instead of just the capital gains
In many European countries . There already are tax earnings on stocks
@@Churros1616 that sucks for them
@@Churros1616 They tax Capital Gains, but I believe the OP was talking about the ridiculous proposal of taxing "Unrealized Gains".
Why? Because in our current tax system the wealthy will just hold on to stocks forever because they have the ability to use their stocks to get liquid cash without selling.
They want to tax on unrealized gains which is crazy talk to me. How it would ever be accurate is beyond me and it's just a other grab for our money by a government that has been spend crazy.
Yup. Stocks have been great for me (in fact, a sizable amount of my house down payment was from stock profit!), and part of it is the fact I remember things like this... until you sell you haven't gained or lost anything!
The winners in the stock market are always those who are patient and not easily scared
After so many struggles I now have a new house, and my family is happy once again. Everything is finally falling into place!!🇺🇸🇺🇸
This is correct, Karen strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
I totally agree with you mate, I just hit Two hundred and thirty thousand dollars in my portfolio today.
Sounds familiar, I've heard his name on several occasions... and his two successful stories in the Wall Street newspaper!
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
I'm new at this, please how can I reach out to him?
I told my wife this in 2008 when she wanted to sell our stock and pay off the house. I told her its not a loss until be sell it. We had a stock vaule loss of $80,000. But we hung on and years later we gained it all back and gained an extra $40,000. We then took the extra gain from our Roth IRA at 59 and 1/2 years of age and paid off the house. We are now debt free with no loss. She was glad she listened too me.
Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies to do so
I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
*Marissa Lynn Babula* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Great recommendations. I'm looking to start investing in the stock market and other asset classes with $60k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!
Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
I agree with that. I netted more than 300k in 2020 by using a financial advisor, despite COVID and the elections. It was like discovering a life hack.
Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?
Her name is “Diana Casteel Lynch”. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I know people who won't invest in the stock market. "It is too risky." I try to explain that you WILL lose money if you keep it in the bank, due to inflation.
Keeping a lot of money safe in a nice little savings account because one is afraid of temporarily losing a small percentage of it for a short period of time is in of itself risk. I hope they listen to you.
This is a fine mindset to have if you have extra wealth but nobody who is struggling should have this mindset.
Why?
Acquiring stocks could appear simple, but choosing the right stock without a tested plan can be very difficult. My main barrier to growing my $210K portfolio, which I've been working on for a while, is the absence of well-defined entry and exit plans. Any guidance on this would be highly valued.
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
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.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like Judith Lynn Staufer I've worked with her for some years and highly recommend her. Check if she meets your criteria.
I just curiously 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.
I realised that the secret to making a million is making a better investment. I always tell myself that you still don't need that new car or that vacation and that mindset helps me make more money by investing. For example, last year I invested 70k in top stocks and crypt0s (with the help of my advisor of course) and I made around 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off.
According to Warren Buffett, dividends are less valuable for growing businesses and more suitable for established ones. Investing in companies that offer dividends might be seen as parking capital for steady returns, especially for those relying on portfolio income. This approach resembles bond investing, serving as a means of generating consistent earnings.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, 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
I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
‘Grace Lorraine Austin, a highly respected figure in his field. I suggest delving deeper into
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Best quote "It's not about timing the market, it's about time in the market".
Didn't make any sense until I was in the market a few years now its crystal clear
@@shadowslayer7574 it's quite straight forward lol
Imagine dying before any gain because you bag held in the nikkei 225 (inflation adjusted). You're kidding yourself if you think stocks are anything but a ponzi scheme.
It depends on the market you’re in. This is dangerous advice in some markets.
@@martinlutherkingjr.5582 the time horizon for each investor can be divided into 35 or 40 years of accumulation (age 25 to 65), plus another 30 or so years in retirement. We are looking at 65 to 70 years. Historic performance of the stock market over any 60 year period shows an upward trajectory. If an investor does not have the emotional constitution for the up and down gyrations. They should stay out of the stock market.
I need to keep this one on repeat. It’s so hard NOT to freak out when your stocks drop!!!!
Only when you invest millions.
If you invest 100k snd it goes 70% down you lost money. You should cut lose on 7% and wait for better moment to invest
Only if you’re day trading fear is way more understanding. But for long term investments, there’s nothing to fear. Markets are gonna fluctuate, whether up or down. Such as life. It fluctuates. Acceptance could help with emotional intelligence when investing in stocks. Because without it, you can lose a lot of your hard earned money.
No Worries until KAMALA HARRIS gets to be President with her Unrealized Capital Gains Tax every year !!!
ABSOLUTELY 💯 AGREE!!! IT'S ONLY ON PAPER!!! 10 MILLION DOLLARS 💸 IS LIKE 10 CENTS TO BUFFET!!!
Although this is a very important point, it should almost equally be noted that it is beneficial to know when to cut your losses. Of course you can't really know "when", but I am more so referring to situations when someone might buy into a highly volatile investment that drops dramatically in a short period of time, so much to the point that there is risk of a delisting due to something like bankruptcy, or when we see a case of pump and dump like we did during covid. Especially in the case of some sort of cryptocurrency, where often they will immediately shoot up upon its availability and then permanently lose nearly all value. Point being that ramsey is making an important statement but that we still must consider the context to which this statement is being applied.
Stock market is like a roller coaster. You don't jump off in the middle of the ride.
Or best not even to take that ride, way better things to do with your money.
Just wait until KAMALA HARRIS becomes President with her Unrealized Capital Gains Tax every year !!!
@@vietnamvet4533Like my crack
@@vietnamvet4533Literally, not.
@@Noconstitutionfordemocrats1 Literally I'm, literally do literally pretty well literally with my non stock market investments literally.
I really needed to hear this Dave I’m 19 and just started investing I just graduated trade school a couple months ago and work a 7 days a week job, I have a Roth IRA and a 401k which I’ve been feeding money into thank you for your inspiration Dave, I’ve been watching since Covid hit and love your show!
How is it now?
@@CaterinaEva-o7h it’s going really good I’ve set up automatic investing and everything now it just feeds money into my Roth every week
@@CaterinaEva-o7h going good, putting money into a mutual fund each week
Best to ignore it for 30 years. You’ll go mad following it. Just keep feeding the pig. The crooks on Wall Street will always win. Just bet on them.
You're starting adulthood strong...trade school instead of college and already investing for retirement.
👏👏👏 Keep up the good work!
Unsolicited advice: don't check your investments daily or even weekly cuz that can be an emotional roller-coaster which may tempt you to move your money around too often. Reevaluate your investments once or twice a year and make adjustments if needed.
Agreed! I only invest what I can afford to leave in stocks and never sell a stock at a loss.
Exactly
I’ve invested in a few of these, but my portfolio is down by about 23%, and I honestly don’t know what to do next. Buying more isn’t an option right now, and I’m stuck trying to figure out how to recover my losses before selling everything. Any advice on how to scale up my returns would mean so much-I’m feeling really stressed because my retirement is getting closer, and I can’t afford to make any more mistakes.
The market can be really unpredictable and risky, especially for anyone new to investing or going through tough times like this. It’s so important to do your research before making any decisions or, better yet, consult a financial advisor who can guide you and help avoid mistakes. Personally, I made my first million after years of trial and error, learning how things work, and staying patient. It’s not easy, but with time and the right strategies, it’s possible to turn things around. Good luck, and don’t give up!
@@NiccoColler I completely understand how you feel because I’ve been there myself. When I started investing, I made plenty of mistakes and lost quite a lot of money. But after the 2020 market crash, I managed to recover about $160k. Instead of going at it alone again, I decided to work with an analyst, and that was the best decision I ever made. Within just seven months, my $160k grew to almost $580k. It was unbelievable! Having the right help and guidance really does make a huge difference when it comes to investing.
@@MontieUptain Wow, that’s incredible! It’s amazing that you were able to bounce back like that in such a short time. My portfolio has been struggling for so long, and I feel like I really need someone like this to help me get back on track. Could you please share who this analyst is? I could really use some expert advice for my investments.
His name is Ralph Anthony D’auge. He’s a highly skilled and experienced analyst who has helped so many people navigate the ups and downs of the financial market. I’ve seen firsthand how his guidance can make a big difference. If you’re thinking of working with him, I’d recommend looking up his credentials and background online. He has a really impressive track record and has been a lifesaver for me and others looking to recover their portfolios.
@@MontieUptain I just looked up his website on Google, and I must say, his background and expertise in investing are really impressive. I’ve already sent him an email explaining my situation and asking for his help. Hopefully, he replies soon-I really need his advice to turn things around. Thank you so much for sharing his name! It means a lot.
YESSSSS, THANK YOU!!!! A very obvious fact that I see the vast majority miss!!!
It's amazing to me just how many people do not understand the reality of this basic fact.
Like VP kamala ???
Kamala !
@@jackwhite3947 Kamela who?? 😎
If you are margin trading and can't meet your brokers balance requirements, you'll have to sell at a loss... Also, the big question is "WHEN will the portfolio recover," because the market will always out-live your portfolio.
Like people talking about their equity on their home - equity is just on paper until you sell and have to spend it to live somewhere else.
The home equity is still part of your net worth.
Dave uses it all the time when he chats about "everyday millionaires."
@@15KHPCLUB Home equity is assumed value. Not locked in value.
@@TimeLessEntityT0 Then Dave shouldn't be factoring it in.
@@15KHPCLUB Understand that. Just pointing out equity is paper, not liquid. Stock paper gains rightly so aren't included in net worth, so maybe equity on homes is included just because they don't change daily and accounting is easier.
@@stevenporter863 Stock is included in your net worrth.
Is there a difference between the types of paper? I guess there is because the green stuff loses its value more than a piece of white paper.
Hey guys I'm looking to invest. But I don't know anything about the market, any help? As well who can I reach out to?
It is wise to seek professional assistance when looking to create a strong financial portfolio due to it's complexity
Making touch with financial advisors like Marie Showan who can assist you restructure your portfolio would be a very creative option.
I agree with you! With her help, I diversified my 25k portfolio among different markets during this bearish market period.
Almost gave up trading due to constant losses, but Marie turned it all around
Certainly!!! I diversified my $30,000 portfolio across different markets.
I say this at the blackjack table all the time!
I love it!! That's how you know a real investor versus a wanna be!!!
That’s actually true for all material objects, not just stocks. Nothing has a monetary value other than when it’s sold. And even a moment after it’s sold, it no longer has a monetary value. You might think something has a certain value, but you only know for sure when someone actually pays you money for it.
Yes, but it can go down and never come up again like Germany, Argentina, Japan, Brazil, and other stock markets that just aren't ever going to recover.
That WILL eventually be the US, but before that happens your company you're invested in could coklapse first.
Another reason to invest in index funds
What do you mean? The German stock market is at an all time high atm 🤨
@@bonkke It never fully recovered from 1923 or 1929(or all the other horrible things we did to them after the 1940s lol)
It's a fundamentally different market, extremely risk adverse and largely not worth investment. Likewise economic growth in Germany is extremely cautious too.
It's not like the US where you can bet on an IPO or spac merger and become a millionaire 10 years later, or buy cheap highly leveraged zero day till expiration OTM call options and be a millionaire overnight 🤪
Beneficial Interest certificate has no value and therefore cannot be taxed. The value is determined at sale.
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
This is still a window-shopping market. But there are a lot of intriguing stocks to watch from a variety of sectors. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@@lilyhershey1 Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
Wright promptly do a web check where you can connect with her Gertrude Margaret Quinto and do your research with her full names mentioned..
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
Yeah i made a (so far) poor-looking investment early in on in which i lost about 75%, and i havent sold it because selling it closes the door that it could go up. Im glad it happened though because i learned that at this point theres not much more i can lose, which means theres really no point in selling it.
if you going to tax me for my gains, you need to give me a credit for my losses.
YES
And, as I'm sure you know, they do. Paper losses, also known as mark-to-market, are exceedingly real. A real investor would say, never let a loss go to waste. Tax harvest that loss.
@usafa1993 if the government wasent trying to tax money we already paid tax on when we worked for it, people wouldent have to play tax games
They do. Selling at a loss reduces your taxable income, so you pay less taxes as a result.
It’s called Tax Loss Harvesting
So true. I held shares for more than 30 years. Still do. They go down. They go up. And its best generally to sit tight
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there's more to the market that we just don't know
@@ThomasChai05 Is it possible to get in contact with someone like that?
I am guided by *Mary Onita Wier* . I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
This recommendation literally came at the right time, I’m down by $7k in stocks this week alone.. its crazy! I just looked up Mary online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
you dont have to sell it to lose your money, the company could just go bankrupt or the exchange with your money go defunct
Thank you. People keep saying they made or lost money. NOT UNTIL YOU LOCK IN THE GAINS OR LOSS!! Most people cant even understand this concept and yet they try to make money in stocks. Thats why most people lose money
And what do you hold instead? The US dollar? A currency guranteed to be debased?
Don't knock on stocks . All the wealthy people have them and they will always eventually give you gains..
Better than leaving it in a bank and losing value every year due to inflation.. especially in this administration...😂😂
@@customsolutions7167 I agree. Do what the rich does. Some stocks could fall and never recover so the easiest is to buy the indexes
That's why you have "aims" in the market. For example 1000$. Once it goes higher than the 1000 you sell until it's 1000 again. Never go below that. When the worth goes below 1000 You buy more again. As it rises high above the 1000 mark you sell again. You will soon see that money keeps coming from various different sources the more sources the more money over decade you have hundreds of sources all working for you and the money you just "harvest and invest" One goes up. one goes down.
Buffett also makes hundreds of millions annually in the dividends that Berkshire’s holdings pay…which is collected in green paper as Dave Ramsey would say. You’re less likely to sell a stock in an economic downturn if the shares you’re holding are paying you a massive dividend that you’re getting cash in hand.
It's not timing thats important in the markets, its time in the market.
Concluding 2024 with a 20% decline in the S&P 500, long-term investors find a promising entry into 2024. Noteworthy ETFs include: $VOO for S&P 500, $VTI for total US market, $QQQ for tech growth, and $SCHD for growth with dividends. Calculating my annual dividends, I'm thankful for $167k-attributing it to discipline and focus.
In the past month, my "unexciting" index funds provided me with over $6,000 in dividends, giving me the option to spend without selling shares. Currently, I've opted to reinvest the dividends to acquire additional index funds for future growth.
Seeking advice on dependable monthly investment options. My goal is to eventually enhance my work income with consistent monthly returns from investments, alongside my long-term investment strategy, for a supplementary monthly income.
@@maryHenokNft Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Gotta love Dave. Proud of our Nashville boy making good, and for his recent interview with the most popular man on the planet.
How do I go about this.. Lately i got interested to invest in the financial market but have no idea, How does it work please.
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known crypto consultant Stacey Macken
Wow, I'm supprised Stacey Macken is being mention here. I started off with 5K.... Now with massive portfolio highly recommended...
I'm proudly a beneficiary 💯 Thanks to my co-worker (John) who suggested Ms Stacey Macken..
I met Stacey Macken at a conference in 2018 and we have been working together ever since.
She often interacts on facebook , using the user name
Another quote of his: "Time in the market beats timing the market"
Remember guys, you don’t lose money on a new car until you sell it as a loss. That's why I often diversify so I don't panic. I want to. my 450k portfolio to grow even more by including some digital currencies. Any recommendations on this?
That's a good way to go. I had some difficulties two years ago when I wanted to invest some money in the digital cryptocurrencies, but I started with a CFP and investment just feels really easy since then and I've also made a lot of profit.
I agree. I also work with a CFP who has a good understanding of both the digital market and stock market. These days experts who have an all-round understanding are in short supply. This last quarter alone I've already made more than 150k in net profit.
This sounds incredible. Could you recommend who you work with so I can check them out?
*Marissa Lynn Babula* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
In the early 1980s, I worked at Mattel Toys. Part of my compensation was stock. Then, in 1986, I was laid off with the majority of the headquarters staff. The stock plummeted at that time. From ove $100/share to less than $1/share. For years, I kept getting letters from Mattel asking me to sell them my stock. I would have lost all that money. It cost me nothing to hold onto the stock. Years later, the stock was above where it had been when I was laid off. I sold it then and used the money for a down payment on a house.
so i haven't lost 50k in ftx, good to know
apparently ftx is supposed to come back so who knows
Yeah not lost until you sell .. 😂😂😂
Took a massive loss when WKS went fro. 29 a share to instantly 18.00 a share, few months got out @ 9.80, glad i did almost a penny stock now 😂😂
No, you were forced out.
100% I just sent this to a buddy that paniced and sold everything for a loss
Same goes for cars. You haven’t lost anything till you sell it. They help you make money every day. The happier you are the more likely you are to make more money
A car loses value as soon as you drive it off the lot. You people are brain dead.
I don't even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash.
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
pls how can I reach this expert, I need someone to help me manage my portfolio.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
I GOT RICH DOING THIS
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of a financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.
Rapid growth in my finance was attained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, life has been good ever since.
Whosoever tries this sureIy acquires wealth. Get to her
Elizabeth Green Hunts
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.
Get to her
Elizabeth Green Hunts
Money is an ever decreasing store of value itself until you sell it into an even faster loss or preferably a better store of value.
Or until that stock doesn't exist anymore 🥴
MMTLP rn
We need people like you on the Fear and greed side 🎉
I sold off 2 that I can't buy back because they went down so far. Made a little money on one, lost a lot on the other compared to my investments.
Most of us aren't good investors...we don't care much about the underlying assets we just buy as stocks go up and down. As long as an algorithm can do the thinking for me, I don't have to. It's insane how many large investors fail to do due diligence these days
It used to be that if an investor gets caught with a stock that drops to zero was that the c-suite was committing fraud. Now it's either we don't care or everyone's committing fraud
Right. Its not taxable or deductible until sold. 😊
I hate when people say that ... Until I sell it ...
And it'll come back up ... Look how many companies go out of business.. that's not coming back up ....
Yes. But Dave doesn't do individual stocks. He sticks to things like the VOO/S&P 500
Warren Buffet understands how to do a Fundamental analysis of a business. He doesn't invest in businesses that will go bankrupt.
That’s why Mutual funds are important
@@elcheekoful S&P 500 is the name of the index and VOO is an ETF following it, they're not 2 separate options unless you trade derivatives
@@Firstname_Surname oh ok. Yeah that's what I meant. I was trying to give VOO as a example.
God that's such a good line
"It's on paper until then, and it ain't green paper"
I was called crazy for buying Nvidia at $138 a share, because it went down after I bought it. I just sold some at $1,143 a share yesterday and made a LOT OF MONEY
When in 2019? 😂
@@JSalonsky That was probably pre stock split so it makes sense as nvidia would be worth around 1200+ today if it weren't for the split
This is why you don't sell your stocks. let them sit there and borrow against their value. That way you pay almost no tax and you get to keep the stocks which will keep going up in value.
I'm going through one of the hardest times of my life right now. lost a lot of money investing in start-up businesses. I'm honestly simply perplexed right now about how other folks in the same market are making over $200k in gains in a matter of months.
Sure, a lot of people are making six-figure profits during this downturn, but most of those who effectively implement these tactics have extensive knowledge of the market.
I agree, based on personal experience with an investment advisor, I currently have $985k in a diversified portfolio with exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Alicia Estela Cabouli* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
@@judynewsom1902judy lets discuss this over dinner...
In my eyes you should leave it be and continue your life as if that money is gone. Work towards replacing it and expect the worst, but don’t sell in a loss position
The crash was fantastic. You could buy stocks for 20 cents on the dollar. Citigroup was selling for 1.50. P And G was selling for 1 dollar. Etc. It was a chance of a lifetime to buy.
Yeah, I thought that was where this was going. For those of use with time to spare, downturns are awesome. It's like a stock sale. 80% percent off!
Yep, I feel like I made out like a bandit. I bought a house right at the bottom of the trough, and was buying up stocks and mutual funds like crazy. The house I bought for $149K, and paid off in 5 years sold last year for $820K, because I was sick of dealing with 2 houses.
This is true. Problem is the only ones making real money are the brokers. They make money win, loose or draw. Become the middleman and you'll never loose.
Then buy the stocks of these companies.
In 2008 my portfolio's worth went down by half. But by 2012 I had it all back. By 2016 it doubled again.
Then you took another haircut in 2020 and will likely take another one shortly. Your "$1000 becomes $100k" fantasy is busted
@@dungeonmaster6292 IDK what kind of crack you're smoking to think I said I turned $1000 into $100k. I didn't say that. I am rich though. But I don't think it's worth convincing some internet idiot who already can't tell fantasy from reality. Stop using "Wisdom" as your dump stat.
@@dungeonmaster6292 You seem like youre a little jaded. Just because you lack control over everything doesnt mean it is busted.
Gotta remember this isnt D&D where youre the dungeon master with all the control.
I told so many folks in 2008 they only had to worry if they had to sell. Then I told them they were saving money because their property tax went down.
What if the stock goes to 0?
Individual stocks may go to Zero but diversified indices (e.g., SP500) don't.
If they do, it is the end of the world as we know it! For example, SP500 = 0 means all the largest American companies in all sectors have collapsed.
Don’t buy a stock without a track record haha
then it's a penny stock. then OTC
If the company goes bankrupt you lost it all of course. If the company is still somehow in business with a stock at $0 then it’s still not a loss unless it’s locked in.
It'll come back up😂🤣yeah right...
Never sell on emotion.. or buy on emotion. Have a plan and work the plan.
I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies to hedge my portfolio against market downturns and generate profits?
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
@@AgueroBankzmeow!!
Just buy what Warren Buffett buys simple
Green paper also isn't necessarily of anything of value until you trade it for something of value. It's a currency. You only collect enough of it so that you can use it to fund what is needed to keep you alive.
So buy what you want, but don't go to the level where you will suffer later down the line because you can't afford the necessities anymore.
Anyone who doesn’t know this has no business being in the stock market.
What are they supposed to do to preserve their purchasing power than? Why exclude them?
It is true, people playing with stocks keeps failing on this one. You don’t gain or lose until you sell, that’s it. Don’t get the up and down value gets its way under your skin.
*Great video! i really have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this approach?*
*This is not the first time i am hearing from this woman and her exploit trading world but i have no idea on how to reach her*
*I'm a beginner how can i reach out Maria Hamilton?*
*i watched her on fox she was amazing....i am definitely writing her now, i cant miss out on this opportunity*
Well, as long as you don't actually need the money that you have "lost" during a crash, you can say that. But if you're 65 and you need money to pay for a living because you don't have enough pension, then it is a real loss.
“U can always tell who’s skinny dipping when the tide goes out”
Warren
But that depends on who's share you have right?
The erosion of my financial reserves due to inflation adds to my concerns. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
@@MatthiasBauernfiend Please, could you recommend the FA you work with? I could really use some help right now.
So what happens when the company you invest in goes broke? Then you have lost something. The stocks aren't guaranteed to gp above their original value or even break even
That's why you buy value. Those companies rarely go broke. Read the book "The Intelligent Investor", the book that Warren Buffet has always said is the best book on investing. It's not fun, but it can change your financial life.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
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 or you could hire a financial expert.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
Sonya lee Mitchell 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.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
This is correct mentality. I get so many people who tell me to sell stocks because they're going down in value, because they think I've lost money. Everything has an opportunity to go back up, and may take a while, but there's always a chance. That's the gamble you take when playing the stock market. But as long as you don't sell, you haven't lost anything yet.
Returns and losses are zero till one clicks a sell button 😮
It's pretty simple, just do the opposite of what the average "investor" does. When things tank, look to buy. When everyone's euphoric about their gains, might be time to lock in your profit.
Exactly, it's all a numbers game.. when the value goes down - that's just a chance to get more shares at a discount, so you can break even at a lower price
Sunk cost.
Ironically, people will buy when the market is doing well (high) then panic sell when the market starts to drop (low), which is the exact opposite of what you're supposed to do.
Just chill, as long as you're diversified just wait it out. In fact, invest more if you can when the market dips.
I never heard this, I don’t know much about the stock market or crypto, but this is the one concept I've always understood and didn't realize it needed to be explained to some.
And best thing to do is just keep investing automatically with bank withdrawals and don't look at the news and all the depressing news, just keep investing and in a few decades when you are ready to retire you'll be very happy that you did.
Same with your home; its value is just on paper unless you actually sell it.
In reality, that’s just the price someone was willing to pay for it and sell it for last. It doesn’t mean someone won’t be willing to pay more for it in the future. Invest in good things that other people will want to be a part of in the future.
Many of my friends during 2008 were really concerned with value of their homes going down. Unless you have to sell because you need to move at a loss, so what. Keep the house and look at your property taxes to go down. Refinance.
Why the same don't apply to property taxes? They keep increasing every year buy I don't sell my house every year. Hmmmm
How can you tax unmaterialized gains????????