I’d love to learn more about 401k investing for example I have a Vanguard account and I just put everything into a target fund. We also have the option to do a Roth 401k so learning about the difference between a Roth and traditional 401k..and when to choose your investments vs put it all to target funds would be awesome. Love you and your videos!
@@julia-cellar7784 Agree. The company that acquired ours offers Roth 401k and After-Tax 401k in addition to the Pre-Tax 401k option we already had (100% target date fund; although I just adjusted to a later target date based on comfort with increased volatility that'll ensue for a bit). It'd be helpful to understand more about them and the differences.
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Generally , the stock market provides a platform for buying and selling shares of publicly traded companies, offering potential opportunities for investors to grow their wealth, but it's essential to approach it with knowledge and caution.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on...
Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2024.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
“Julianne Iwersen Niemann” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
0:00: 💰 Passive income through index funds explained with examples. 3:03: 💰 Advantages of index funds: lower risk, long-term growth potential, passive investing. 6:04: 💡 Factors to consider when choosing an index fund for investment. 9:07: 💡 Consider key factors when choosing an index fund and opening a brokerage account. 11:59: 💰 Maximize growth by reinvesting dividends in index funds for tax benefits. Timestamps by Tammy AI
This should be shown and taught in schools it’s so important for young people to realize the value in financial freedom and not be tied up to bad debt.
I’m a big Stocks and ETFs guy. It has worked very well for me! I plan on retiring at age 40 and I still have 6 years or so to go and my Roth account currently holds around ~$2.3m!
I tend to be conservative in my approach to investing, relying on qualitative information and pro advice when picking stocks and determining entry and exit points. This is my fourth year in the market and I am confident that my investments are being professionally managed, and I sleep well at night.
Hi @@Aussie.ln.a.T-shiRt I’d love to know more about how this works. I’m a beginner taking baby steps gingerly, it’s all too much and I get overwhelmed.
This time last year I considered getting into index funds without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year down in, I truly cannot stress enough how helpful experts in this field are!
It’s not rocket science. I got into index funds, and ETFs, myself but wasn't getting the results I wanted the first couple of months. Got tired of taking losses and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments and has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my investment decisions align with market dynamics for optimal profit.
@@Vikturneer That's your view. In my experience, there is no such thing as a mentor, it is nearly impossible to achieve success with investing. It’s all just gambling.
I did lots of backtesting and found that 20% SCHD/DGRO, 20% VGT/QQQ/SCHG 20% VOO and 40% bonds or 4%+ money market matches the growth of SP500 in up years but reduces the losses in down years by 40-60%. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back. most importantly consider financial advisory for informed buying and selling decisions.
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
I started at age 42 with about $18,800 which is now worth about $1.2M at age 50. Would be happy to share how, and it was definitely not index funds (pablum advice for the masses), but by partnering with a financial advisor. I've been with mine for the past 8 years and have seen why esteemed investors highly seek their expertise.
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.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows with the help of our FA Dianne Sarah Olson., I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Having an lnvestment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $320K in profits so far, Its clear there's more to the market that we don't know that Investment advisors know.
These are very valuable info. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I've got $200k set aside to put in the market.
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.
Yeah, brokerage 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 investors raking in 6 to 7 digits in a space of 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 the least I returned was $140k ROI, and this does not include capital gain.
Jenienne Miniter Fagan 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.
Austin , you are the best! Never felt so much happy with your simple explanation of topics which I thought is always confusing…wish I could talk to you to learn more. Thank you.
Thanks so much for your clear, simple, and very accessible and informative video! I shared this with my ESL class of working immigrants and many of them are now investors. Pretty cool.
if you already have a brokerage account with your employer should you use it or open a new one. i also was wondering why you put mostly put fidelity first and then charles schwab (the one you use). Did you place them in order of value , since the order of placing them alphabetically is not working in this case?. thank you for the video
Thank you Austin! This is what I was looking for. I used to invest but had gotten out of it. But for my retirement, I've been doing more research. Thank you
If your not comfortable picking individual stock, consider investing in index funds or ETFs. These funds offer immediate diversification and often have lower fees than actively managed funds.
I think what you need is the guidance of an expert. With their skill set, it is easier for them point you to the right direction. That is how I have managed to stay afloat, manuevering through the though market.
At 48 years old I have 401k through work, but opened my first roth ira from your investing video. You make it easy to understand, thank you soooo much. :)
Great video! I'm having a hard time deciding between the 3 brokerage accounts. I plan on moving to Europe in about 10 to 15 years, and would like to withdraw from my brokerage account (once I choose one) to supplement income if I need too. But I don't know how taxes would work so a video on that would be great.
Two Questions. Are you ever too old to start investing in index funds? And if the investments are in Roth, when withdrawing, do you only pay taxes on the capital gains and dividends? Thank you 😊
Great video - but also in passive investing - you also want to have diversity and keep everything under one umbrella. This is what I do. I use one broker and pay the fees for other investment companies. Remember passive investing is investing in the best funds and then sitting back and enjoying the benefits, without having to do the calculations for each broker. It takes me about 2 minutes to check on my investments.
I wanted to tell you Austin you seem extremely genuine as long as I've been watching you and your videos are very helpful. I've shared them with my friends and they love the content as well. 🔥💯
Exchange trade fund. Means you can trade them anytime market is open vs index funds more patient to sell. Dave Ramsey is actually fan of etf also. Only thing he doesn't like about etf is people are tempted to not hold long term because etf is easier to sell. Also some etf that you can choose that is riskier than index funds. Example etf that holds some small cap stocks. As far as I know of way more etf out there than index funds or at least it seems that way.
Having one broker and one umbrella is important - but check the fund graphs and pay the fees to invest with another broker if you fancy it. Diversity and sitting back is what passive investing in funds is all about. Cheers mate.
Excellent explanation of investing. Question can you buy one to two index funds automate them and hold until you plan to retire ? Also if you buy 100 worth and each share is 87.00 what happens to the remainder of the money does it sit in a settlement account?
It's factional shares. So it'll be like I bought 1.23 or whatever shares. You have to check with your broker, but some allow you to buy fractional shares while others don't.
This was so helpful. You are a great teacher! You take time to explain things to novices like me. I so appreciate that! One question, what does the IRS tax on gains yearly if you keep the money in the index fund instead of withdrawing it?
You don't get taxed until you withdraw. It's called, "Unrealized Gains" because you haven't actually made the money. Once you withdraw or "Realize" it, then you are taxed and depending on the length of time it's been invested determined the rate.
Hello great content, so lets say I buy an index fund for $100 today, and then next month I have an extra $100 from my paycheck that I would like to invest. Do I just buy a second Index fund? or do I have an option to say I wanna add it to my first index fund?
Overall, 51% of investors still think it's a good time to invest in stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m thinking of investing $400k into my stock portfolio but unsure about what equities to get into.
I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice to take advantage and make profits.
talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Aileen Gertrude Tippy' turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
It's up to you, but a big difference is the ETFs are easier to enter and exit. You can sell and buy them like stock at any time. Whereas index funds are bought and sold on the price when the market closes. So it depends on your investment strategy.
be warry on which ones you choose the SPY mimics market but some dont do what you think like sector ones like DIG thinking oil will go up doesnt actually mimic oil.
great presentation on this subject. As someone that has been investing in the market since I was a teen and cost 2% to buy a stock, agree dont pay fees now regardless or find another brokerage. One thing to add most actively managed funds under perform the S&P and regular investment in intervals can take advantage of the crashes. My 401k was down 40% in 2009 but continued contribution were some of the best investments in my life.
For now I'm investing in a government money market account with all but guaranteed high interest right now. I don't have the finances to risk losing in the markets right now.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
I'm wanting to make more educational "how to" style videos. What are some topics you are interested in me making?
Setting up a Roth IRA as a self-employed person?
I’d love to learn more about 401k investing for example I have a Vanguard account and I just put everything into a target fund. We also have the option to do a Roth 401k so learning about the difference between a Roth and traditional 401k..and when to choose your investments vs put it all to target funds would be awesome. Love you and your videos!
I'd love to see a "how to budget" video for keeping track of monthly expenses and sticking to a budget for unnecessary expenses
@@ariane2714 I put a set amount of money in my budget and label as "miscellaneous" to use for expenses that creep up.
@@julia-cellar7784 Agree. The company that acquired ours offers Roth 401k and After-Tax 401k in addition to the Pre-Tax 401k option we already had (100% target date fund; although I just adjusted to a later target date based on comfort with increased volatility that'll ensue for a bit). It'd be helpful to understand more about them and the differences.
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Generally , the stock market provides a platform for buying and selling shares of publicly traded companies, offering potential opportunities for investors to grow their wealth, but it's essential to approach it with knowledge and caution.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on...
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Just research the name Vivian Jean Wilhelm. You’d find necessary details to work with a correspondence to set up an appointment.
Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2024.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
This is all new to me, where do I find a fiduciary, can you recommend any??
“Julianne Iwersen Niemann” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
0:00: 💰 Passive income through index funds explained with examples.
3:03: 💰 Advantages of index funds: lower risk, long-term growth potential, passive investing.
6:04: 💡 Factors to consider when choosing an index fund for investment.
9:07: 💡 Consider key factors when choosing an index fund and opening a brokerage account.
11:59: 💰 Maximize growth by reinvesting dividends in index funds for tax benefits.
Timestamps by Tammy AI
Now this is what I call step by step explaining ..I understood everything , now on my way to grab my laptop .iam choosing index fund
Just a heads up at 12:34 re-edit the video, can see your Roth IRA #!! Anyways great video!!!
This should be shown and taught in schools it’s so important for young people to realize the value in financial freedom and not be tied up to bad debt.
I’m a big Stocks and ETFs guy. It has worked very well for me! I plan on retiring at age 40 and I still have 6 years or so to go and my Roth account currently holds around ~$2.3m!
Nope I had $110k in SCHD for a year and a half and not much changed in that time period
I own SCHD too and I think you’re sitting on a great stock, but mixing in some other assets is how to do it in reality :)
I tend to be conservative in my approach to investing, relying on qualitative information and pro advice when picking stocks and determining entry and exit points. This is my fourth year in the market and I am confident that my investments are being professionally managed, and I sleep well at night.
Hi @@Aussie.ln.a.T-shiRt I’d love to know more about how this works. I’m a beginner taking baby steps gingerly, it’s all too much and I get overwhelmed.
This is the most helpful video I have ever seen about investing. Thank you so much!!!
This is the simplest video on UA-cam I have encountered regarding investment! Well done on your communication and clarity.
This time last year I considered getting into index funds without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year down in, I truly cannot stress enough how helpful experts in this field are!
To be honest, I've had a hard time grasping the basics. How are you doing it?
It’s not rocket science. I got into index funds, and ETFs, myself but wasn't getting the results I wanted the first couple of months. Got tired of taking losses and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments and has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my investment decisions align with market dynamics for optimal profit.
@@Vikturneer That's your view. In my experience, there is no such thing as a mentor, it is nearly impossible to achieve success with investing. It’s all just gambling.
The funny thing is, I got on his program too, although I feel the commissions are quite high but excellent service overall.
@@Freddylone I'm 44, I hope it's not too late for me. Is there a way to learn more about his service?
Great vid once again dude! Nearly at 80k 😎👍
I did lots of backtesting and found that 20% SCHD/DGRO, 20% VGT/QQQ/SCHG 20% VOO and 40% bonds or 4%+ money market matches the growth of SP500 in up years but reduces the losses in down years by 40-60%. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back. most importantly consider financial advisory for informed buying and selling decisions.
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
I started at age 42 with about $18,800 which is now worth about $1.2M at age 50. Would be happy to share how, and it was definitely not index funds (pablum advice for the masses), but by partnering with a financial advisor. I've been with mine for the past 8 years and have seen why esteemed investors highly seek their expertise.
Hello, I'm interested in trying this out. Who is your advisor, and how can I contact them?
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.
You forgot your disclaimer", "I'm not a financial advisor nor am I giving financial advice"! Excellent content! Thanks for breaking it down. 🙂
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows with the help of our FA Dianne Sarah Olson., I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Truly Stocks, ETFs and Mutual funds are the best investment decision you can make both short term and long term for steady money flow. Kudos
Having an lnvestment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $320K in profits so far, Its clear there's more to the market that we don't know that Investment advisors know.
Your advisor was easy to find on the web, she has years of financial market experience. I just wrote her.
I did read about Dianne Sarah Olson on the web, quite a great resume she has
thanks for the tip. Looked her up and i'm eager to work with her
These are very valuable info. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I've got $200k set aside to put in the market.
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.
Yeah, brokerage 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 investors raking in 6 to 7 digits in a space of 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 the least I returned was $140k ROI, and this does not include capital gain.
Could you kindly elaborate on the advisor's background and qualifications?
Jenienne Miniter Fagan 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.
Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call
This is a good review on the same video he did on index funds last year!
Great information Austin. I am thinking I need to start an account for index funds to go along with my 401K and Roth IRA.
Gracias Agustín, saludos desde Dublín 🇮🇪😃
Thank you. You explained very nicely, now I know about index fund.
This was so well-explained, it is my go-to video to explain index funds to my friends and family. Thank you!
Austin , you are the best! Never felt so much happy with your simple explanation of topics which I thought is always confusing…wish I could talk to you to learn more. Thank you.
I buy ETF's which are very similar to Index funds. They're just purchased at different times, to put it simply.
Thanks so much for your clear, simple, and very accessible and informative video! I shared this with my ESL class of working immigrants and many of them are now investors. Pretty cool.
Thanks!!!!!!!! You're too kind! Awesome to hear!!!
Clear simple straight to the point ☝️ thanks Austin
I like etf better to start thanks for sharing
I really like the details in this vide!!! Thank you!
great explanation young man! Thank you
This video comes at the perfect time, saving money is essential but investing is very important too. Thank you.
Yes, you hve to get the money to work for you!
if you already have a brokerage account with your employer should you use it or open a new one. i also was wondering why you put mostly put fidelity first and then charles schwab (the one you use). Did you place them in order of value , since the order of placing them alphabetically is not working in this case?. thank you for the video
No deep reason. No specific reason at all.
Thank you.
Nice plants setup 😊
Can this be set automated or have to do this Everytime money is transfer to your brokerage account?
Thank you Austin! This is what I was looking for. I used to invest but had gotten out of it. But for my retirement, I've been doing more research. Thank you
Thank you for the info, it makes sense now. 👍
Thank you so much! Well explained 😄👍
This is a very educating video. Please what index fund can be bought within UK
Helpful, well done.
You explained it so well. If I can understand it, anyone can ! Thanks Austin ! 😃
Great! Glad I explained it clearly!!
HI Austin, I really enjoyed how you explain investments. Thank you for making this video.
Topic well explained, great job
Thank you for educating me and your followers about this subject. It’s paid off for me!! 😊
Correction: someone is "passively" managing these ETFs, not "actively".
Mucho gracias amigo 🙏❤
why would you want anything less than 100% return? 🤔
When the annual chance to withdraw your money comes around, do you have to take everything at once or can you take portions out every year?
Thank you for your content Austin 😊
Excellent explanation, El Augustin. Thanks.
Thank you for this video. It was helpful, as always. Austin, you rock! 🤘🏾
Excellent video. Buenas tardes Agustin
Best explanatory video I've ever seen about this topic, thank!
I appreciate it! Hoping others think so too!
@@ElAgustin Keep up the great work!
Enjoyed video. Answers a lot of questions.
Thank you
I'm glad! Hopefully it can help others too!
I get it 🙌🏻 Thanks Austin 👍🏴
If your not comfortable picking individual stock, consider investing in index funds or ETFs. These funds offer immediate diversification and often have lower fees than actively managed funds.
If you invest in dividend-paying stocks, then you should consider reinvesting the dividend to take advantage of the compounding returns.
I am not sure about my choices, being faced by numerous options. I need advice going forward with the hurdle.
I think what you need is the guidance of an expert. With their skill set, it is easier for them point you to the right direction. That is how I have managed to stay afloat, manuevering through the though market.
What I really want is real progress with my holdings. Please share the info of your advisor.
I work with TIMOTHY ERIC MEEK.
Thank you for explanation Augustin
Really well done, Austin. Thank you!
I appreciate it! Trying to throw in some "evergreen videos" to stabilize things on my end! These are really fun to make too!
At 48 years old I have 401k through work, but opened my first roth ira from your investing video. You make it easy to understand, thank you soooo much. :)
Great video! I'm having a hard time deciding between the 3 brokerage accounts. I plan on moving to Europe in about 10 to 15 years, and would like to withdraw from my brokerage account (once I choose one) to supplement income if I need too. But I don't know how taxes would work so a video on that would be great.
Taxes in europe vary country to country. If you are a fiscal resident in europe, your capital gains (your stock benefits) will pay tax in europe.
Thanks for the investment advice
Two Questions. Are you ever too old to start investing in index funds? And if the investments are in Roth, when withdrawing, do you only pay taxes on the capital gains and dividends? Thank you 😊
Can you lose on a 1 year index fund investment?
One important rule. You can buy Index fund SWPPX if you are residence US. If not, you will not able to buy index fund
Excellent video. Thank you!
Well done Austin!
Love your explanation. You deserve a big heart
Very helpful video! Thank you!
hi great info, could you make a video on day trading index funds? ciao!
Great!😄
Love this. Great educational video. Thank you!
Good one
Great video - but also in passive investing - you also want to have diversity and keep everything under one umbrella. This is what I do. I use one broker and pay the fees for other investment companies. Remember passive investing is investing in the best funds and then sitting back and enjoying the benefits, without having to do the calculations for each broker. It takes me about 2 minutes to check on my investments.
My guy u make learning easy
Thumbnail at a glance looks like beautiful curly hair.
I wanted to tell you Austin you seem extremely genuine as long as I've been watching you and your videos are very helpful. I've shared them with my friends and they love the content as well. 🔥💯
Thanks! I believe that's the most sustainable path to do this long term!
Thank you! So so helpful.
I'm glad!
First comment, Bro! Thank you for the inspiration! 👍
Thanks for showing up!!!
I'm in Canada, but this is still helpful
What is ETF?
Exchange trade fund. Means you can trade them anytime market is open vs index funds more patient to sell. Dave Ramsey is actually fan of etf also. Only thing he doesn't like about etf is people are tempted to not hold long term because etf is easier to sell. Also some etf that you can choose that is riskier than index funds. Example etf that holds some small cap stocks. As far as I know of way more etf out there than index funds or at least it seems that way.
Austin what are your thoughts on target date index funds?
Muchas gracias
Having one broker and one umbrella is important - but check the fund graphs and pay the fees to invest with another broker if you fancy it. Diversity and sitting back is what passive investing in funds is all about. Cheers mate.
Excellent explanation of investing. Question can you buy one to two index funds automate them and hold until you plan to retire ? Also if you buy 100 worth and each share is 87.00 what happens to the remainder of the money does it sit in a settlement account?
It's factional shares. So it'll be like I bought 1.23 or whatever shares. You have to check with your broker, but some allow you to buy fractional shares while others don't.
This was so helpful. You are a great teacher! You take time to explain things to novices like me. I so appreciate that! One question, what does the IRS tax on gains yearly if you keep the money in the index fund instead of withdrawing it?
You don't get taxed until you withdraw. It's called, "Unrealized Gains" because you haven't actually made the money. Once you withdraw or "Realize" it, then you are taxed and depending on the length of time it's been invested determined the rate.
Are there fees on platforms like M1 Finance to purchase these index funds?
You'd have to check with the platform. Not sure.
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
That's awesome
What source/platform did you use to earn such a large sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
It was with the help of Cassandra Roberts i am who i am today
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
Hello great content, so lets say I buy an index fund for $100 today, and then next month I have an extra $100 from my paycheck that I would like to invest. Do I just buy a second Index fund? or do I have an option to say I wanna add it to my first index fund?
Are ethical index funds as profitable as S&P 500 because I don’t want to support arms and pharmaceutical industries?
Thank you
Hi , awsome content , Is it possible to open a brokerage account while not living in the US , meaning as foreigner if so what is required?
Saludos desde Puerto Rico.
Hola!!!
We need more of these videos.
Overall, 51% of investors still think it's a good time to invest in stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m thinking of investing $400k into my stock portfolio but unsure about what equities to get into.
That's up noticeably from 41% in the second quarter again, despite shaky-looking markets in August.
I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice to take advantage and make profits.
talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Aileen Gertrude Tippy' turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
Are there any index funds that do not make profits off interest?
So should I buy index fund or etf ? They are both so similar
It's up to you, but a big difference is the ETFs are easier to enter and exit. You can sell and buy them like stock at any time. Whereas index funds are bought and sold on the price when the market closes. So it depends on your investment strategy.
be warry on which ones you choose the SPY mimics market but some dont do what you think like sector ones like DIG thinking oil will go up doesnt actually mimic oil.
why did you buy at $100? can you purchase for $1?
great presentation on this subject. As someone that has been investing in the market since I was a teen and cost 2% to buy a stock, agree dont pay fees now regardless or find another brokerage. One thing to add most actively managed funds under perform the S&P and regular investment in intervals can take advantage of the crashes. My 401k was down 40% in 2009 but continued contribution were some of the best investments in my life.
lets say invested 100 dollars can l add more on top of that
For now I'm investing in a government money market account with all but guaranteed high interest right now. I don't have the finances to risk losing in the markets right now.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
1st time buying the Schwab S & P 500❤
I love the Spanish lol
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