I first started investing around 2018. Saving 10k in my portfolio felt like it took forever. But the more you contribute the larger the jumps you’ll have if you’re buying the larger market. I remember when I realized my net worth from investment accounts was over 100k and I was like… “oh wow, that actually wasn’t that hard.” Just get started
Thank you! We will :) Ah yes, the famous American philosopher Mike Tyson as we often call him, partly in jest and partly because he says some very wise things. He's quite a smart fella if you listen to him in various long form podcasts. Iron Mike - the GOAT.
I am also in the industry, and although I don’t always agree with your concepts I find myself agreeing more often than not and genuinely think you provide exceptional ideas and do a great job with your presentations. Keep up the great work!
That's great feedback, thank you so much! Always great to hear from people when they don't agree as then we can hear opposing thoughts and learn from the process.
The idea of course correcting bad behavior as quick as possible is so very important. There's a Munger quote that I think is incredibly hard for millennials and younger to follow in practice (paraphrase) "we got rich not by making a ton of very good decisions, but avoiding stupid ones". While it would be great to never make a stupid decision, as a young 20 something just starting investing it's incredibly difficult not to make blunders... the upside is that nothing is a better teacher than losing your hard earned money by no fault but your own. My losses have taught me far more than my winners have. Great video as always.
Great presentation and really useful overview. But at some point the 3-fund portfolio is presented with a "keep it in the family". Why? Couldn't you do the same using a mix of blackrock, charles schwab, state street and/or vanguard? Otherwise all your money sits with only one institution. Just wondering.
Great point. The families were presented because people might find those configurations convenient but you are correct. Wouldn't hurt to mix it up. Shouldn't be any overlap issues.
I got to 100k in a year from 0 by continously investing every paycheck but it seems to have slowed down for me, getting to a million seems like an impossible milestone thats so far away
@@ansatsu34 It's not a matter of deciding, it's a matter of having a brand large enough to support a successful ETF launch. We'll be keeping people up to speed on our newsletters. Joe P.
Quantigence is a report that is sold separately (nanalyze-shop.fourthwall.com/products/quantigence-year-end-2023) and also as part of a Nanalyze Premium subscription (www.nanalyze.com/subscription-plans/).
Great video as always Joe. I was wondering what your team thought about the Hashicorp acquisition by IBM? That worked out quite nicely for me. Also, by chance are you going to revisit UiPath in a new video anytime soon?
Glad you enjoyed the video! Not sure the HCP acquisition moves the needle much at IBM but that might be worth taking a look at one of these days - a general IBM update. (Makes note in research queue.) As for UiPath, we covered them just weeks ago here: www.nanalyze.com/2024/04/could-generative-ai-destroy-uipath/ Joe P.
@@Nanalyze Shared it with my 2 sons (early 20's). Made a deal with them 6 months ago: I would wire them some money every month & they would invest that every month. Where I live we have a death tax, but parents can gift their children a certain amount per year tax-free. So this is just a non-tax'd way of transferring some of my "wealth" to them while I'm still alive :). Deal runs until we hit 100KEUR on my account (all three of us are investing the same amount and share results monthly). It's fun!
Hey, that's all good and I love your videos. I am just thinking of preserving wealth/getting rich but also of our contribution to sustaining our western civilization that allows us (basically everybody who has a will and do some usefull work) to become wealthy. I.e. this will not last long if the average IQ goes down to 65-75. I know this is not exactly the topic of the video, but do you have any thoughts of having children/building family in addition to saving up/investing?
Great topic on its own. The decision to have a family ought to coincide with some sort of financial security. When that happens, the "amount I spend" category simply goes up relative to "amount I save" for a while though the principles remain the same. As for IQ and reproduction, that's a can of worms. As Elon Musk says, people should be reproducing as much as possible provided they have the means to give their children a good life. Stable nuclear families are generally going to have better results, for example. (Tiptoes slowly out of room.)
10:49 5% raises annually is the minimum in “corporate America” ?? Shoot! That should make life even EASIER! Wow….Every year? No wonder some suit clowns get carried away buying crap!
I'm 38. what I did to reach 100k (by around age 25 or so, can't remember exactly) was simply keep living and other expenses super low (lived with roommates for 7+ years, bought a used honda civic with cash, etc.), and also had no debt out of college; these two factors were a huge help. this meant I had as much cash to invest in stocks each month as possible. from that point I diversified into a handful of 10-15 stocks, sometimes got lucky with a biotech stock or other stock, sometimes got unlucky. all in all it balanced out and I came out ahead with stocks. I chose a a mix of blue chip (in theory, low risk) stocks and also small cap (high risk) stocks. the low cap stocks frequently went to zero haha. anyway, I think it took me only 4 years to reach 100k because of some huge wins. dumb luck mostly. my current goal is $100k+ per year in passive income, but got a long way to go still haha. moral of the story, anyone can and will hit $100k portfolio easily, assuming you gross at least 40-50k a year and utilize some common sense.
YEAH! A case in point right here. Congratulations man. Great job! It's very important that you don't count on "dumb luck" or what we call "beginner's luck" as the strategy going forward. Break everything out in a spreadsheet and describe it. If investing in small caps is more risky, maybe you want to reduce that risk. We don't invest below $1 billion market cap or (big no-no) if a company has no revenues. Keep going. Quantify risk and slowly look to reduce - or at least manage it better - as you age. Great to hear a story from the field!
Need to put some in taxable brokerage accounts for liquidy purposes. If they are prudent and start and take your advice they can hit there mark at 47 or 50
@@tarikviaer-mcclymont5762 New grads should be able to hit 100K by early 30s per the plan outlined in this video. That's assuming a fairly average salary and a reasonable amount of savings with cost of living relatively fixed.
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Getting to $100,000 is huge, I will get there eventually.
That's the spirit!
I first started investing around 2018. Saving 10k in my portfolio felt like it took forever. But the more you contribute the larger the jumps you’ll have if you’re buying the larger market. I remember when I realized my net worth from investment accounts was over 100k and I was like… “oh wow, that actually wasn’t that hard.”
Just get started
Excellent comment, thank you!
You are very good at this. Keep it up. I love how you snuck in my favorite Mike Tyson quote at the end.
Thank you! We will :) Ah yes, the famous American philosopher Mike Tyson as we often call him, partly in jest and partly because he says some very wise things. He's quite a smart fella if you listen to him in various long form podcasts. Iron Mike - the GOAT.
I am also in the industry, and although I don’t always agree with your concepts I find myself agreeing more often than not and genuinely think you provide exceptional ideas and do a great job with your presentations. Keep up the great work!
That's great feedback, thank you so much! Always great to hear from people when they don't agree as then we can hear opposing thoughts and learn from the process.
The idea of course correcting bad behavior as quick as possible is so very important. There's a Munger quote that I think is incredibly hard for millennials and younger to follow in practice (paraphrase) "we got rich not by making a ton of very good decisions, but avoiding stupid ones".
While it would be great to never make a stupid decision, as a young 20 something just starting investing it's incredibly difficult not to make blunders... the upside is that nothing is a better teacher than losing your hard earned money by no fault but your own. My losses have taught me far more than my winners have.
Great video as always.
This was a stellar comment, thank you! Joe P.
Thanks Joe! I’m halfway there.Hopefully will get there in the next year or so.
Great job man! Keep it up. Joe P.
Great video Joe! 🚀📈
Really glad you enjoyed it! Joe P.
Great presentation and really useful overview. But at some point the 3-fund portfolio is presented with a "keep it in the family". Why?
Couldn't you do the same using a mix of blackrock, charles schwab, state street and/or vanguard? Otherwise all your money sits with
only one institution. Just wondering.
Great point. The families were presented because people might find those configurations convenient but you are correct. Wouldn't hurt to mix it up. Shouldn't be any overlap issues.
I got to 100k in a year from 0 by continously investing every paycheck but it seems to have slowed down for me, getting to a million seems like an impossible milestone thats so far away
Really good job! So you ought to be nine years away from a million. That's not bad at all! Stick with it. Head down. Don't get discouraged.
I just found your channel, you’re a great teacher 👨🏫
Thank you very much!
You are a great teacher!
That's a great compliment, thank you!
Would love to buy into a Quantigence ETF one day
We're mulling that over. We have a bunch more tools we're working on for now.
@@Nanalyze Any ETA on when you'll come to a decision? Something even better then SCHD would be in high demand forsure.
@@ansatsu34 It's not a matter of deciding, it's a matter of having a brand large enough to support a successful ETF launch. We'll be keeping people up to speed on our newsletters. Joe P.
Always buying, almost never selling.
Legend
So, you are essentially selling Quantigence, right? Where can I find more information on this?
Quantigence is a report that is sold separately (nanalyze-shop.fourthwall.com/products/quantigence-year-end-2023) and also as part of a Nanalyze Premium subscription (www.nanalyze.com/subscription-plans/).
Very good video!! You are very créative amigo.
Grassy-ass
@@Nanalyze Hahahaha!!!
Great video as always Joe. I was wondering what your team thought about the Hashicorp acquisition by IBM? That worked out quite nicely for me. Also, by chance are you going to revisit UiPath in a new video anytime soon?
Glad you enjoyed the video! Not sure the HCP acquisition moves the needle much at IBM but that might be worth taking a look at one of these days - a general IBM update. (Makes note in research queue.) As for UiPath, we covered them just weeks ago here: www.nanalyze.com/2024/04/could-generative-ai-destroy-uipath/
Joe P.
This video is so good, you'll want to watch it at least 10 times! 🎉❤🤓👌🙏
We couldn't ask for better praise, thank you! Please be sure to share it with anyone you might think would benefit from the messages.
@@Nanalyze Shared it with my 2 sons (early 20's). Made a deal with them 6 months ago: I would wire them some money every month & they would invest that every month. Where I live we have a death tax, but parents can gift their children a certain amount per year tax-free. So this is just a non-tax'd way of transferring some of my "wealth" to them while I'm still alive :). Deal runs until we hit 100KEUR on my account (all three of us are investing the same amount and share results monthly). It's fun!
@@pieterdenhertog3450 That is a great idea! And you've made a bit of a contest out of it so they're going to be really engaged. Well done.
Hey, that's all good and I love your videos. I am just thinking of preserving wealth/getting rich but also of our contribution to sustaining our western civilization that allows us (basically everybody who has a will and do some usefull work) to become wealthy. I.e. this will not last long if the average IQ goes down to 65-75. I know this is not exactly the topic of the video, but do you have any thoughts of having children/building family in addition to saving up/investing?
Great topic on its own. The decision to have a family ought to coincide with some sort of financial security. When that happens, the "amount I spend" category simply goes up relative to "amount I save" for a while though the principles remain the same.
As for IQ and reproduction, that's a can of worms. As Elon Musk says, people should be reproducing as much as possible provided they have the means to give their children a good life. Stable nuclear families are generally going to have better results, for example. (Tiptoes slowly out of room.)
Almost a quarter of the way there!
Great job man! Keep at it.
10:49 5% raises annually is the minimum in “corporate America” ?? Shoot! That should make life even EASIER! Wow….Every year? No wonder some suit clowns get carried away buying crap!
Our DGI strategy - Quantigence - typically increase income by 8% every year while preserving capital. Try that in corporate America :)
I'm 38. what I did to reach 100k (by around age 25 or so, can't remember exactly) was simply keep living and other expenses super low (lived with roommates for 7+ years, bought a used honda civic with cash, etc.), and also had no debt out of college; these two factors were a huge help. this meant I had as much cash to invest in stocks each month as possible. from that point I diversified into a handful of 10-15 stocks, sometimes got lucky with a biotech stock or other stock, sometimes got unlucky. all in all it balanced out and I came out ahead with stocks. I chose a a mix of blue chip (in theory, low risk) stocks and also small cap (high risk) stocks. the low cap stocks frequently went to zero haha. anyway, I think it took me only 4 years to reach 100k because of some huge wins. dumb luck mostly. my current goal is $100k+ per year in passive income, but got a long way to go still haha. moral of the story, anyone can and will hit $100k portfolio easily, assuming you gross at least 40-50k a year and utilize some common sense.
YEAH! A case in point right here. Congratulations man. Great job! It's very important that you don't count on "dumb luck" or what we call "beginner's luck" as the strategy going forward. Break everything out in a spreadsheet and describe it. If investing in small caps is more risky, maybe you want to reduce that risk. We don't invest below $1 billion market cap or (big no-no) if a company has no revenues. Keep going. Quantify risk and slowly look to reduce - or at least manage it better - as you age. Great to hear a story from the field!
Being a sailor never hurt me or my money!!!!
Underrated way to live
I invest in graphene stocks.
?
The promise of graphene is always right around the corner. We covered the theme several years back: ua-cam.com/video/h-DWNEPawo0/v-deo.html
I view it like gambling, put $200.00 on black, I mean Applied Graphene. I have been getting the same results.
They've been more of an eraser so far
@@jaykrizzle We see what you did there
Max it outband keep it money jail until youvare old and gray
Oh boy
Need to put some in taxable brokerage accounts for liquidy purposes. If they are prudent and start and take your advice they can hit there mark at 47 or 50
@@tarikviaer-mcclymont5762 New grads should be able to hit 100K by early 30s per the plan outlined in this video. That's assuming a fairly average salary and a reasonable amount of savings with cost of living relatively fixed.