Perfect Video!!!! Sending this out to everyone I know. I had to learn these exact same concepts, but I did it the hard way. You literally spelled out everything I had to do to start my journey to financial freedom. People could save themselves so much headache and heartache, if they would just try to follow those simple concepts. It can change your life.
I appreciate this feedback! It is exactly why I make these videos. I wish I knew this stuff earlier, but better late than never (: I hope this resonates with a lot of younger people.
ThanX Jeff.... Interesting video showing the value of compound interest.... All your points were well stated and great for anyone trying to get ahead..... Thank you for sharing.....
Thanks Lance. I want to help people not make all of the dumb mistakes of my past one video at a time (: It's interesting how simple this stuff, but how hard it is to execute without a plan. I've been there done that (the no plan part).
Good intro video for people. You should prob do a series of short 10 min videos covering basics focused in on specific topics. I think that would helpful for alot people especially young ppl who have that 30/40 years before retirement! Just something to consider! You could make it a playlist on your channel.
Thanks for the idea Oldrin. I do want to start putting out a few more videos to cover the basics moving forward. I'll still have a nice mix of the other videos as well. I can't wait to see where this thing goes.
Hey Jeff - excellent video - I would encourage you to consider a similar video for the group that are self-employed. The game is a bit different - quarterly tax estimates/payments - self-employment taxes, etc. Thanks!
hello Jeff, thanks for sharing, In your view if all charts and views point to a downward trend, what should we do to protect a portfolio, sell 10%, 20% ,sell more or do nothing?. thanks for your great work
I think the best solution is to do nothing. However, I should mention that cash equivalents and value should be in the equation already. For example, if you were 100% VGT, then 'doing nothing' wouldn't make sense. But it also doesn't make sense to be 100% growth in the first place. I think a good system has balance based on your age, risk and goals. For example, let's say someone is close to retirement and rotating to value. Target allocations may look like this: 10% cash 50% SCHD 30% VOO 10% QQQM As the market gets higher and higher (like right now), the person would be adding to the cash position to keep it at 10%. And to SCHD to keep it going. As soon as the crash happens, then they will be cash heavy and will deploy money into the beat up holdings. To 'do something' before the market happenings would have been to miss out on over a decade of a top 3 bull run in market history.
Great question. QQQM and QQQI are based on the same underlying index, the Nasdaq-100. That is about all they have in common. QQQI has a high expense ratio, which will take away gains over time. It also limits its growth ceiling with it's option strategy to produce more cash now. QQQM is a buy & hold, lower expense ratio, way more tax efficient, and high upside investment for the long-term. QQQI would be for someone willing to give up total returns to receive more 'cash flow now'.
It is hard for me to say 'yes' or 'no' to most questions because each situation is different. However, with a Roth IRA, I can comfortably say yes, you should prioritize a Roth IRA over a taxable brokerage account (in general). It is almost always worth it.
@@JeffTeeples sorry forgot to mention I don’t think I am allowed to do a Roth IRA due to joint marriage filing puts us over the income limit to have one.
Jeff When you say compound, do you just meet the value of the shares over the time. Because you’re not talking about dividend paying stock specifically correct?
Hey Philip. I am using the total US stock market for the scenario (ticker symbol VTI). It is assuming the contribution of $250 per month and the dividends being reinvested along the way as well. Thanks for the question.
Hey Miguel. Thanks for watching and for the question. If your outstanding debt is high interest, like credit card debt, then the best way is to attack it as quickly as you can. If you have $10k saved up right now, put it to the credit card debt. If you don't have the money now but are working at it, put as much as you can to the debt until it's gone. I wouldn't invest anything in the stock market (except for the 401k plan company match I mentioned) until the high interest debt is gone.
Jeff, your explanations are clear, honest, and easy to follow. You provide detailed insights on finances, making complex topics understandable.
Thank you for the positive feedback. I appreciate you taking the time to watch the videos.
Perfect Video!!!! Sending this out to everyone I know. I had to learn these exact same concepts, but I did it the hard way. You literally spelled out everything I had to do to start my journey to financial freedom. People could save themselves so much headache and heartache, if they would just try to follow those simple concepts. It can change your life.
I appreciate this feedback! It is exactly why I make these videos. I wish I knew this stuff earlier, but better late than never (: I hope this resonates with a lot of younger people.
Thanks!
Thanks Brianna. You’re the best.
Jeff, your videos are excellent. Thanks.
Thanks for the kind words Ron. I appreciate you taking the time to watch the videos.
ThanX Jeff.... Interesting video showing the value of compound interest.... All your points were well stated and great for anyone trying to get ahead..... Thank you for sharing.....
Thanks Lance. I want to help people not make all of the dumb mistakes of my past one video at a time (: It's interesting how simple this stuff, but how hard it is to execute without a plan. I've been there done that (the no plan part).
Nice job! I enjoy your videos.
Thank you for the kind words. I appreciate you taking the time to watch and for leaving a comment.
Good intro video for people. You should prob do a series of short 10 min videos covering basics focused in on specific topics. I think that would helpful for alot people especially young ppl who have that 30/40 years before retirement! Just something to consider! You could make it a playlist on your channel.
Thanks for the idea Oldrin. I do want to start putting out a few more videos to cover the basics moving forward. I'll still have a nice mix of the other videos as well. I can't wait to see where this thing goes.
Hey Jeff - excellent video - I would encourage you to consider a similar video for the group that are self-employed. The game is a bit different - quarterly tax estimates/payments - self-employment taxes, etc. Thanks!
Hey Kent. Thanks for the idea. I will likely drop a future video about strategies for self-employed people. I think it is a good idea.
Great video!
Thank you! I appreciate you taking the time to watch and comment.
hello Jeff, thanks for sharing, In your view if all charts and views point to a downward trend, what should we do to protect a portfolio, sell 10%, 20% ,sell more or do nothing?. thanks for your great work
I think the best solution is to do nothing. However, I should mention that cash equivalents and value should be in the equation already.
For example, if you were 100% VGT, then 'doing nothing' wouldn't make sense. But it also doesn't make sense to be 100% growth in the first place.
I think a good system has balance based on your age, risk and goals. For example, let's say someone is close to retirement and rotating to value. Target allocations may look like this:
10% cash
50% SCHD
30% VOO
10% QQQM
As the market gets higher and higher (like right now), the person would be adding to the cash position to keep it at 10%. And to SCHD to keep it going.
As soon as the crash happens, then they will be cash heavy and will deploy money into the beat up holdings.
To 'do something' before the market happenings would have been to miss out on over a decade of a top 3 bull run in market history.
Hi Jeff, is QQQm and QQQi similar? I know QQQI is optimized for taxes. Thanks for your content.
Great question. QQQM and QQQI are based on the same underlying index, the Nasdaq-100. That is about all they have in common. QQQI has a high expense ratio, which will take away gains over time. It also limits its growth ceiling with it's option strategy to produce more cash now.
QQQM is a buy & hold, lower expense ratio, way more tax efficient, and high upside investment for the long-term. QQQI would be for someone willing to give up total returns to receive more 'cash flow now'.
@@JeffTeeples thank you. It’s funny because the main reason I was looking at it is because they make it sound like a more tax efficient product.
For the Horde… I mean great video Jeff
Love it. For the Horde is right! Well, at least for most of my WoW days. Had one main on each side, but played Horde waaaaaay more overall.
Unfortunately my company doesn’t do a 401K match, but I do 15% of my pay. I also have a brokerage account. Should I do a Roth IRA too?
It is hard for me to say 'yes' or 'no' to most questions because each situation is different. However, with a Roth IRA, I can comfortably say yes, you should prioritize a Roth IRA over a taxable brokerage account (in general). It is almost always worth it.
@@JeffTeeples sorry forgot to mention I don’t think I am allowed to do a Roth IRA due to joint marriage filing puts us over the income limit to have one.
Jeff
When you say compound, do you just meet the value of the shares over the time. Because you’re not talking about dividend paying stock specifically correct?
Hey Philip. I am using the total US stock market for the scenario (ticker symbol VTI). It is assuming the contribution of $250 per month and the dividends being reinvested along the way as well. Thanks for the question.
i want to invest in stocks but have 10k in debt...what is the best way to pay it off if i can pay it all at once?
Hey Miguel. Thanks for watching and for the question.
If your outstanding debt is high interest, like credit card debt, then the best way is to attack it as quickly as you can.
If you have $10k saved up right now, put it to the credit card debt. If you don't have the money now but are working at it, put as much as you can to the debt until it's gone.
I wouldn't invest anything in the stock market (except for the 401k plan company match I mentioned) until the high interest debt is gone.
@@JeffTeeples Thanks for the advice will do🙏🏽