Risk management should always come first, the reason many traders lose money is not simply due to inexperience or a lack of knowledge of the market, but because of poor risk management
Right, but then proper risk management doesn't guarantee profitable trading. If you want to acquire better trading results emphasize more on trading when liquidity is present. Nevertheless you need to be able to analyze good market entries and exit
Identifying good market entries and exit has been a very troubling for me. What does it take to analyze good market entries and exit like you mentioned???
Substantially it takes assistance from an expert to perceive good market entries, demand and supply zone. I don't even worry about market entries and exit since I trade with trading Expert. he runs the risk management and research while I get good earnings through his strategies
Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom.
4 main takeaways I got from this video. 1. Roth IRA's will save you a lot of tax money when you go take them out at retirement. 2. Owning real-estate will save on taxes with tax write offs and mortgages. 3. Owning a business can help you do a lot of write offs. 4. Hire a tax pro who can give you advise.
i'm both a dividend and growth investor and there are Great dividend stocks out there! the trick is to diversify and put in enough to where you actually get good dividend payments Monthly. I made my first million from repositioning and rebalancing my stocks using a full service broker so i invested and reinvested my profits.
Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. What's your experience with your Broker and how do i get in touch?
@@masoncerutty2178 I can't give much details to it, I copy the trades of a U.S regulated broker "Roy Frederick Thomas" on my own trading account and at the end of the month I give him a percentage from the profits he makes for me as agreed upon while i get increased exposure on how he navigates the market
Nothing much to cover. If your income is too high for Roth IRA then just create a traditional IRA and immediately roll it over to Roth IRA. It's as simple as that.
0:00 Intro 0:46 Home ownership 1:52 Roth IRA 2:54 Owning real estate 4:44 Starting your own business 5:43 Qualifying for long-term capital gains or qualified dividends 6:49 Buy. Borrow. Die 7:56 Hiring a CPA 8:53 Outro
You forgot to mention that rental property depreciation is recaptured at the time of sale. Therefore, rental property depreciation is not the write off people think it is.
@@ChrisInvests I just watched from 3:53 onward to 4:13. You did not mention anywhere there about depreciation recapture at the time of sale. All you said was that without following the proper procedure the taxes might be owed at a later date. Depreciation recapture occurs regardless of whether you follow the proper procedure or not. Depreciation recapture taxes are owed at the time of sale, regardless of procedure.
Great video! Love your content, you have to 'take the risk of taking action' to get over a fear of investing the world is a very complicated place. Your financial life doesn’t have to be.
"It's all about beginning with whatever you begin with - just start, analyzing your options is not the entire step. You have to move beyond that. Take the risk of taking action."
Then when I asked Susan Denise Vargason, certified financial Advisor, how people can overcome a fear of investing and get started, she said any amount of money invested wisely is better than none at all. she managed my portfolio from $75k to over $290k within 5 months.
@@julioj.mendez5944 Susan Denise Vargason is her name, just look her up online to get in touch, the beauty of investing is that it favors those who simply start
@Gabriel Logan Of course, I've got up to $100k returns since I came across Mrs Charlotte Junko Walsh trading platform, My financial life has completely changed all thanks to Mrs Charlotte Junko Walsh awesome trading strategies!!!
Mrs Charlotte is my professional assistant, I have been trading with her for 8 months now... I've really made over $200,000 from her strategies in trading of cryptocurrencies.
"Must live in the house for 2 years" to get the not pay taxes on up to $250,000 of a house sold, is only partially correct. The code states you must live in it for "at last 2 of the last 5 years". So you can move in it, then rent it for 3 years, then have it sold before the end of the 3 years and not pay the tax on the gains from selling the house (if the house was depreciated, the depreciation must be paid back, unless doing an exchange).
@@ChrisInvests definitely. It just needs to be near when you sell it. Can't live in for 2 years, airBNB it for 10 then expect to not pay full tax on it.
Warning! You have to live in it for the FIRST two years THEN rent it out for three years. If you rent it out first then move into it for the final 2 years out of 5 then you will only get 3/5ths excluded from capital gains. So $150K instead of the full $250K. And it gets worse the longer you rent it out first. Rent it out for 8 years an live in it the last 2 , you will only get to exclude $50k (250k x 20%) And 3:50 be very careful of Depreciation Recapture. The amount you depreciate will have to be paid back when you sell, very likely at a higher tax rate then what you wrote it off at. And you will pay that even if you don't take the depreciation. PLEASE correct me if I'm wrong- It seems like the breaks for being a landlord are not as great as they first seem.
@@WhatDavidDoes you are definitely correct on the depreciation recapture, you take the withdrawal, you will pay it all back if you don't do a transfer. I haven't heard anything besides 2 of the last 5 years though. I would love to know the tax law that shows that.
@@UnknownTomorrow Absolutely: I believe the most specific part of the tax code that deals with it is IRS Code IRC Sec.121(b)(5)(c)(ii). I believe this came out of the “Housing and Economic Recovery Act of 2008.” Which was put in place since Congress felt that the living in the an owned rental property for just the last 2 years of ownership and getting the full deduction was abuse of the tax code. Overall, I think the most important part is to understand what is called the "Qualified" vs. the "Non-Qualified" portions of the rental property ownership. I'm still trying to understand it and the implications better myself. But I think those three topics are areas that could point those interested in the right direction.
4 main takeaways I got from this video. 1. Roth IRA's will save you a lot of tax money when you go take them out at retirement. 2. Owning real-estate will save on taxes with tax write offs and mortgages. 3. Owning a business can help you do a lot of write offs. 4. Hire a tax pro who can give you advise.
Risk management should always come first, the reason many traders lose money is not simply due to inexperience or a lack of knowledge of the market, but because of poor risk management
Right, but then proper risk management doesn't guarantee profitable trading. If you want to acquire better trading results emphasize more on trading when liquidity is present. Nevertheless you need to be able to analyze good market entries and exit
Losses are necessary, as long as they are associated with a technique to help you learn from them
Identifying good market entries and exit has been a very troubling for me. What does it take to analyze good market entries and exit like you mentioned???
Substantially it takes assistance from an expert to perceive good market entries, demand and supply zone. I don't even worry about market entries and exit since I trade with trading Expert. he runs the risk management and research while I get good earnings through his strategies
Risk management is one of the most, if not the most, principal component to always look out for
Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well
What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom.
Stephanie Kopp Meeks , That's whom i work with.>
You can glance her name up on the internet and verify her yourself. she has years of financial market experience.!
Thanks so much I was able to find her page and I already leave her a message!
4 main takeaways I got from this video. 1. Roth IRA's will save you a lot of tax money when you go take them out at retirement. 2. Owning real-estate will save on taxes with tax write offs and mortgages. 3. Owning a business can help you do a lot of write offs. 4. Hire a tax pro who can give you advise.
Make sure to like the video if you found it helpful!
Love the quality of your videos and the value you're providing! Thank you very much for your hard work.
Great content as always Chris. 100k subscribers almost here. Keep up the good work
Thank you, Jack! 🙏
You should make videos more often they are awesome! 👍
Thank you, Frank! Waiting until summer is over 😁
Thank you for the video!!! We learn a lot from you! Thank you!
Depreciation on rental properties doesn’t apply in the U.K. In fact it’s even worse as tax relief on mortgage interest is also capped
i'm both a dividend and growth investor and there are Great dividend stocks out there! the trick is to diversify and put in enough to where you actually get good dividend payments Monthly. I made my first million from repositioning and rebalancing my stocks using a full service broker so i invested and reinvested my profits.
Most people seek instant gratification, which
usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. What's your experience with your Broker and how do i get in touch?
@@masoncerutty2178 I can't give much details to
it, I copy the trades of a U.S regulated broker
"Roy Frederick Thomas" on my own trading
account and at the end of the month I give him a percentage from the profits he makes for me as agreed upon while i get increased
exposure on how he navigates the market
@@masoncerutty2178 Further look him up on telegam with the user name below for more information you need to know.
@@masoncerutty2178›@RoyFThomas
Great video Chris! Thanks
Thanks for watching!
What do you use to make these animated videos? It’s amazing
Thanks! I use VideoScribe
Simple. Have your rich friends run for congress and rewrite the laws.
😬
Wow never thought id find content lke this! 1:03
I don't understand Buy Borrow Die. If you borrow against your assets for spending money, then how do you pay back the loan?
I suppose they take out a loan, make the payments while spending the rest and then take out a larger loan.
Chris, why not cover back door Roth?
Nothing much to cover. If your income is too high for Roth IRA then just create a traditional IRA and immediately roll it over to Roth IRA. It's as simple as that.
Maybe next time!
@@CarC369 That’s rather important to people who would need the technique.
@@genxx2724 I explained the technique in one sentence. Again, nothing much to cover.
CPA or EA. EAs specialize in tax and tax code.
Always read the fine print
Absolutely!
0:00 Intro
0:46 Home ownership
1:52 Roth IRA
2:54 Owning real estate
4:44 Starting your own business
5:43 Qualifying for long-term capital gains or qualified dividends
6:49 Buy. Borrow. Die
7:56 Hiring a CPA
8:53 Outro
You forgot to mention that rental property depreciation is recaptured at the time of sale. Therefore, rental property depreciation is not the write off people think it is.
I mentioned it twice...See 3:53
@@ChrisInvests I just watched from 3:53 onward to 4:13. You did not mention anywhere there about depreciation recapture at the time of sale. All you said was that without following the proper procedure the taxes might be owed at a later date.
Depreciation recapture occurs regardless of whether you follow the proper procedure or not. Depreciation recapture taxes are owed at the time of sale, regardless of procedure.
@@inertiaforce7846 if you follow the proper procedure and perform a 1031 exchange then the depreciation is not recaptured
@@ChrisInvests That is true, but that requires a 1031 exchange, not a sale. You never mentioned this fact in the video either.
@@inertiaforce7846 It does require a sale. You can't do a 1031 without selling. It was mentioned around 4:35...another part you missed.
If you want to make more money, focus on yourself first, update yourself with high income skills, then you can get paid more. a fellow creator....
Great video! Love your content, you have to 'take the risk of taking action' to get over a fear of investing the world is a very complicated place. Your financial life doesn’t have to be.
"It's all about beginning with whatever you begin with - just start, analyzing your options is not the entire step. You have to move beyond that. Take the risk of taking action."
Then when I asked Susan Denise Vargason, certified financial Advisor, how people can overcome a fear of investing and get started, she said any amount of money invested wisely is better than none at all. she managed my portfolio from $75k to over $290k within 5 months.
@@Gabby-tt4mf This is really impressive, how can i reach this financial Advisor!!
@@julioj.mendez5944 Susan Denise Vargason is her name, just look her up online to get in touch, the beauty of investing is that it favors those who simply start
My greatest happiness is the $64,000 bi-weekly profit I get consistently from my $15,000 investment despite the economic fluctuation 😊
@Gabriel Logan Of course, I've got up to $100k returns since I came across Mrs Charlotte Junko Walsh trading platform, My financial life has completely changed all thanks to Mrs Charlotte Junko Walsh awesome trading strategies!!!
Mrs Charlotte is my professional assistant, I have been trading with her for 8 months now... I've really made over $200,000 from her strategies in trading of cryptocurrencies.
@Blake I will leave her number just below this comment
@Blake ນີ້າທີ່ນີ້ລ ＋𝟏𝟓𝟏𝟐𝟑𝟒𝟖𝟕𝟔𝟓𝟐 າທີ່ນີ້ລນີ້
What's Apk her 👆
Anyone who is not investing now is missing a tremendous opportunity. Already making over 85% profit from my current investment
I have heard a lot about Investments with Angela Cole Carr, how good she is and how she has helped People
She's really amazing i still cannot believe someone can be this exceptional when it comes to trading activities even with the current Inflation
Mrs Angela good reputation already speaks for her last month i invested over $100,000 with her and I've already made over $250,000 profit.
@@gregory7875 I've really heard lot about Mrs Angela Cole Carr, please can I have her info
Oh yeah She is always active on whats-app APK 🇺🇲
"Must live in the house for 2 years" to get the not pay taxes on up to $250,000 of a house sold, is only partially correct. The code states you must live in it for "at last 2 of the last 5 years". So you can move in it, then rent it for 3 years, then have it sold before the end of the 3 years and not pay the tax on the gains from selling the house (if the house was depreciated, the depreciation must be paid back, unless doing an exchange).
But you still have to live in it for 2 years... 🤔
@@ChrisInvests definitely. It just needs to be near when you sell it. Can't live in for 2 years, airBNB it for 10 then expect to not pay full tax on it.
Warning! You have to live in it for the FIRST two years THEN rent it out for three years. If you rent it out first then move into it for the final 2 years out of 5 then you will only get 3/5ths excluded from capital gains. So $150K instead of the full $250K. And it gets worse the longer you rent it out first. Rent it out for 8 years an live in it the last 2 , you will only get to exclude $50k (250k x 20%) And 3:50 be very careful of Depreciation Recapture. The amount you depreciate will have to be paid back when you sell, very likely at a higher tax rate then what you wrote it off at. And you will pay that even if you don't take the depreciation. PLEASE correct me if I'm wrong- It seems like the breaks for being a landlord are not as great as they first seem.
@@WhatDavidDoes you are definitely correct on the depreciation recapture, you take the withdrawal, you will pay it all back if you don't do a transfer.
I haven't heard anything besides 2 of the last 5 years though. I would love to know the tax law that shows that.
@@UnknownTomorrow Absolutely: I believe the most specific part of the tax code that deals with it is IRS Code IRC Sec.121(b)(5)(c)(ii). I believe this came out of the “Housing and Economic Recovery Act of 2008.” Which was put in place since Congress felt that the living in the an owned rental property for just the last 2 years of ownership and getting the full deduction was abuse of the tax code. Overall, I think the most important part is to understand what is called the "Qualified" vs. the "Non-Qualified" portions of the rental property ownership. I'm still trying to understand it and the implications better myself. But I think those three topics are areas that could point those interested in the right direction.
also remember. Every penny you spend on a cpa or tax attourny. also tax deductable ;)
4 main takeaways I got from this video. 1. Roth IRA's will save you a lot of tax money when you go take them out at retirement. 2. Owning real-estate will save on taxes with tax write offs and mortgages. 3. Owning a business can help you do a lot of write offs. 4. Hire a tax pro who can give you advise.