Hi Uncle Tae. My wife and I, after many years of financial challenges, are finally entering a new year on the right foot. 2025 is really looking up and we certainly owe part of it to your videos. As a Korean immigrant with parents who faced a lifetime of financial difficulty, your content really resonated with me and my own experience. Thank you for the knowledge and also the optimism that you share on this platform. My wife and I watch your videos over a cup of coffee in the morning before starting our work. You helped make a difference and I feel our financial lives will continue to prosper thanks to you. We're truly grateful for you, your hair, and the lessons that you share. 새해 복 많이 받으세요!
I feel like understanding how to invest is the easy part. The hard part is finding where costs can be cut for extra money to invest. I’m investing $300 a month aside from my 401(k). It’s not a lot, but 0x0=0.
On ETFs: Completely agree ... though many of us dont have access to index funds. Im not from the US, and my local banks and investment firms dont offer index funds. And since im not a US national I cant directly invest with Vanguard, Schwab or Blackrock. I find ETFs to be a fine substitute in this case. I dont have to buy absurd and overpriced (and underperforming) mutual funds, nor do I need to manually handle hundreds of stocks myself. Your point stands though. We really shouldnt "trade" ETFs. Do your monthly buy, maybe optimize finding a lower point of entry for the week, but buy regardless.
On the point of bonds being negatively correlated, you gave some needed nuance. My ideal will be simply to be all equities plus some cash or close to cash equivalents.
In Canada we have VEQT, for example, which is a one stop all-equity fund that covers the Canadian, US, and other countries in equal thirds for 0.23% MER. About as easy as it gets.
Happy New Year. Let me recommend "The Pursuit of Loneliness" by Philip Slater to you. It is from 1970 but still relevant. Sometimes we just over complicate our life. Thanks for another good video.
@SilverCpa why do you say that? Bitcoin is a better foundation for a global financial system. It allows parties who don't trust each other (e.g. adversarial world powers) to transact with each other. It takes the power of control over the money away from the state. You don't have to worry about the central bank eroding the value of the currency by rapidly increasing the supply. All of that sounds like the opposite of clown world to me.
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Hi Uncle Tae. My wife and I, after many years of financial challenges, are finally entering a new year on the right foot. 2025 is really looking up and we certainly owe part of it to your videos. As a Korean immigrant with parents who faced a lifetime of financial difficulty, your content really resonated with me and my own experience. Thank you for the knowledge and also the optimism that you share on this platform. My wife and I watch your videos over a cup of coffee in the morning before starting our work. You helped make a difference and I feel our financial lives will continue to prosper thanks to you. We're truly grateful for you, your hair, and the lessons that you share. 새해 복 많이 받으세요!
I’ve always been obsessed with beating the market, but this video made me rethink everything. Are we all just chasing an illusion?
Even the name “Financial Tortoise” is totally my vibe. I’ll take reasonable, steady returns over FOMO any day.
I feel like understanding how to invest is the easy part. The hard part is finding where costs can be cut for extra money to invest. I’m investing $300 a month aside from my 401(k). It’s not a lot, but 0x0=0.
On ETFs: Completely agree ... though many of us dont have access to index funds.
Im not from the US, and my local banks and investment firms dont offer index funds. And since im not a US national I cant directly invest with Vanguard, Schwab or Blackrock.
I find ETFs to be a fine substitute in this case. I dont have to buy absurd and overpriced (and underperforming) mutual funds, nor do I need to manually handle hundreds of stocks myself.
Your point stands though. We really shouldnt "trade" ETFs. Do your monthly buy, maybe optimize finding a lower point of entry for the week, but buy regardless.
I don't know which part of the world you are but Inter-active Brokers usually have global presence and may help. Good luck.
On the point of bonds being negatively correlated, you gave some needed nuance. My ideal will be simply to be all equities plus some cash or close to cash equivalents.
In Canada we have VEQT, for example, which is a one stop all-equity fund that covers the Canadian, US, and other countries in equal thirds for 0.23% MER. About as easy as it gets.
"Simplify, simplify, simplify ," Henry David Thoreau.
Tae .... you're having a great hair day! Thanks for another great video.
Happy New Year. Let me recommend "The Pursuit of Loneliness" by Philip Slater to you. It is from 1970 but still relevant. Sometimes we just over complicate our life. Thanks for another good video.
You off or do you work this week?
I don't understand, why I should be weary of ETFs?
So glad i divorced my brick and mortar bank. No fees. Scwab’s mmkt at 4.28% 7 day yeild. So easy to move funds in and out of one app.
Complete swing and miss on the ETFs
People who are outside of USA, just need to dca into btc, just that.
lol no.
EVERYONE should DCA into Bitcoin. Stay humble and stack sats.
@ in clown world maybe.
Scam bots unite! ✊️
@SilverCpa why do you say that? Bitcoin is a better foundation for a global financial system. It allows parties who don't trust each other (e.g. adversarial world powers) to transact with each other. It takes the power of control over the money away from the state. You don't have to worry about the central bank eroding the value of the currency by rapidly increasing the supply. All of that sounds like the opposite of clown world to me.