7 Things The Rich Never Invest In | How To Invest Money Like The Rich
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- Опубліковано 12 чер 2024
- In this video, I share with you 7 things the rich never invest in and how you to invest money like the rich!
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/ @bettermentboss
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Music Credit: Bensound - Dreams
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Don't get mad. Don't get even. Do better. Much better. Rise above. Become so engulfed in your own success that you forget it ever happened.
Invest in yourself, that is the best investment you can invest then you are ready to go
yes I agree, but with NO ambition and drive you will never be rich
@@danielporter7773 correct but dreaming about it you might not become rich either.
The key to winning the investment battle is not about general trends, it's about understanding the dynamics and knowing when things are good, even if they aren't usually. For example, gold is in general a bad investment, but it's going to outperform the stock market when it crashes, meaning that there are times it's better than buying stocks. Most people just fail to recognize these times and are better off going for stocks though. Furthermore, I got CDs 1 year ago that give a 3% rate (3.0415% APY) which is higher than the 2.25% as described in the video.
Bitcoin has no inherent value. The US dollar “hold my beer”
The US Dollars backed by nothing either
Gold perseveres weld through time... so yes a percentage of your welth should be there...
Look at the price of gold over the past 20, 30, 40 years. Has it increased like stocks have? If demand goes up, mines open leading to increased supply and the price drops back down...not a great long term asset. It can make quick fluctuations which will probably happen here soon, but only for a short time.
Years ago one of my first jobs was working at a pawn shop. I asked my boss what his take was on guns and gold due to the political climate at the time and he told me.
In not going to get into a political discussion on but I will tell after being in this business over 30 years is that when times are tough, husband has been laid off, rent/ mortgage is due, bills are due, wife is pregnant, Dr needs to get paid, kids are hungry, etc..... this is where their gold and guns end up. In my shop pawned of or sold for a meagre amount.
Nowadays nobody invest in bonds for yield. It's for the capital gain. Buy high (at low yields) and sell higher (at lower yields).
With The Fed, ECB (European Central Bank), and BoJ (Bank of Japan) backstopping each of their respective government and investment grade corporate bonds, I don't think bonds are bad investments. Did you know that shorting Japanese government bonds is called as The Widow-maker Trade? Because the prices are guaranteed to go up thanks to BoJ.
Nice. Don’t invest in anything that doesn’t give you Good, Consistent income or appreciation...Got it.
So do you suggest that investing in stock exchange (in companies we understand their business more less) would be the best investment choice?
@@bettermentboss I understand, thanks anyway. I have in my phone the app called Plus 500, however I can't find there for instance the S&P 500 index (just there is the S&P Global). Would you know any other better app for mobile?
One of my favourite videos to date. Thanks!!!
He lost me at saying millionaires don't invest in crypto currency, I don't know about y'all but I'm finding out that more and more millionaire have been investing in crypto currency for a while now.
@@bettermentboss really good, of course I'm educated about crypto more than the average Joe, I took classes at Berkeley for crypto currency. So that might have a play in my success. a lot of millionaires have crypto currency and are avid believers in it.
You do a really good job of replies, keep doing that and you'll become the next improvement pill
@@bettermentboss I have invested over $20,000 in crypto in the last six months and that same investment is over $70,000... Do your research like with any investment and the rewards would be great. And there are many millionaires and billionaires that hold crypto. Because they love money...lol
Lol. BTC is literally the only asset that will continue to rise as the USD loses its international hegemony. Thinking of it as an asset/investment is outright wrong, you'll be paying your mortgage in satoshis in a few years.
@@bettermentboss out of touch my friend. My mentor made his first million primarily off crypto and is now at 14m usd.
I agree with everything that @BettermentBoss has said in this video including the part about digital currencies.
And yes, I am one of those that he talks about in this video.
here's a hint: If more than a million copies of something have been made, it's never going to be rare enough to be a coveted, high priced object.
Robert Kiyosaki highly recommends investing in gold and silver
Because he only cares about his own profit.
While holding physical gold is not always a good plan. I have Precious Metal ETFs in my Portfolio as a anchor investment. No currency has any guarantees in theory but gold and silver have been traded since ancient times. Gold and Silver have done well for me over time and give me a good base for my Portfolio. While returns are better with stocks you must have a portfolio that balances risks with investments like gold. Talk to an advisor and formulate a sensible plan that you can understand and reap the gains from.
Eric Burns I’m going into mining stocks and etfs as well
Precious Metal ETFs is a bad idea. if that company become bankrupt up will lost all your money. it is better to hold precious metal than letting a company old it for you
I am learning a lot from you about investing. Thank you!
Crypto currency??? Really?????
and I thought you were smart....
Great video. Made me think about the collectibles since I collect stuff. I think I will aim to create a dividend portfolio from now on versus buying random games, comics, and cards. I need my investments to generate an income.
If you’re not investing in Bitcoin then you’re sleeping and you will regret it in the coming years. This analysis of Bitcoin is pretty ignorant and it’s evident the narrator has not done proper research. Bitcoin Is meant to be decentralized free of government oversight and there’s no company behind bitcoin. It’s a completely different kind
of asset class that has been born in the digital age. This is the evolution of money as we know it.
Several Hedge Funds, PE, and family offices are heavily investing in decentralized digital assets. This video is now dated.
I agree with everything that @Betterment Boss has said in this video including the part about digital currencies.
And yes, I am one of those that he talks about in this video.
Thanks, very helpful
Before this video started an ad for a bitcoin broker played😄
Read Ray Dalio’s “Principles”. He uses a specific mix of stocks, bonds, index funds and precious metals. He calls it his all weather fund. Performs better than anything out there
Ray founded the multi-billion dollar hedge fund Bridgewater Associates. Can’t even talk to them without being a Billionaire and be willing to invest a couple hundred million dollars. He knows what’s up.
finally first video that i can agreed in all aspect. Not like those milion scamers investments experts. Bravo!!
I want part of my money to be my security blanket. For this subset of my money I want return of my money more than return on my money. With other subsets of my money, I invest in speculative stocks or dividend paying stocks for income.
I take care to follow my rules for each category consistently and strictly. I would never put all my money in bonds and certificates of deposit. On the other hand, I would never put all my money in stocks that do lots of fluctuating both up and down.
Very informative
I love your video & I have subscribed
7 things millionaire never invest
1. Bonds
2. Penny stocks
3. Digital currencies
4. Certificate of deposits
5. Collectible
6. Precious metals
7. Companies you don't understand
@Zulu Immortal they collect it to save their wealthy. Not make wealthy
Zulu Immortal to protect their wealth from inflation, or keep their cash when there are bull market and good companies are to expensive, and when there are bear market and good companies are on sales, they sell their bonds to buy stocks
I didn’t know these things! Thanks
Not true there’s millionaires who buy precious metals there a lot better than stock market if they are a poor investment banks and mega corporations would not hold precious metals enough said warren buffet is a fool for not buying precious metals
"Warren Buffett is a fool". Yep, some dude commenting on UA-cam definitely knows more about investing than Warren Buffett 😂
Hein Aye it’s called diversification and yes he is for not stacking metals I don’t agree with him on that that doesn’t mean I’m smarter than him I’m saying diversification is extremely important don’t get my words twisted thankyou
Nice paintings are secret wealth transfer for the next generation.
Warren Buffet actually invests in precious metals, specifically silver. Did it means that he also made the mistake???
Betterment Boss Most of the rich invest in precious metals. Gold has outperformed the S&P 500 in the last 20 years. #1 REITS, #2 Gold, #3 S&P 500. PMs do have a place in a diversified portfolio. I’ve made quite a bit off of them from investing and trading, but they (gold especially) is a great preservation of wealth.
@@silvereyedstacker1842 I find it interesting that he says the rich dont invest in these things since several of the wealthy people I know actually invest in all of these things .It was more when you should be invested more in which market then another and less to do with what you invest in .
I think everyone should pick up some Silver Bull Resources (ticker symbol: SVBL). They have tons of silver and zinc in the ground. They are in a safe jurisdiction (Mexico). Lastly, they are an option play for South32 (big Australian mining company). Based on the long term chart, they will easily exceed 10x from current prices once it clears .20. Good luck 👍!
Back when I was clueless. The first stock I ever bought ended up doubling before I was forced to sell. The second a Penny stock ended up tripling.
@@bettermentboss yeah but it was just dumb luck.
Informative.
Another awesome video but do different investments explained
AWESOME INFO & PRESENTATION.
I see the Warren buffet change his mind on investing in precious metals so you don't know what you're talking about
Buffet didn't invest in gold. He invested in gold extraction industries. He is investing in a business, while gaining exposure to gold markets.
Two things stuck out. I know of at least one billionaire who not only invests in gold but has bought several gold mines. That same billionaire not only invests in cryptocurrency, but he also suggests that it's a good idea, given the inevitable direction the US dollar is expected to take eventually. The US dollar has not inherent value either. It used to be backed by gold, but since Nixon, it hasn't had an inherent backing other than faith.
Thanks for the reply I think that the video is amazing and very informative not to mention all the time it takes to make them. The fact remains that a large percentage of very rich people are buying silver and gold now, the smart money at this point are very unlikely to be in the stock market because we are all waiting for it to crash anytime now. Buffet is smart because gold is just about the only thing now we're your money has saftey.
Thanks so much for sharing God blessed.
I would love to learn how to buy gold! Could y pls make a video on this subject? Tks 😍
Lot of buisiness in reclaim gold from computer scrap - I collected the other components - cheaper that way , till ebay came along the cheaper to buy new components
Your investment in the materials to extract the gold
I started buying gold bullion in August 2015.Right now the value is up about 12 % over what I invested. Not a great return but it is preserving my wealth as opposed to paper currency.
should I keep robin hood or just use etrade?
Bonds at the months the only thing you can hold without loosing a tonne of money 2% in better then -40%
Gold & Stock market not always share inverese relationship. Gold prices are dependent on US dollar. Strong dollar is detrimental for gold and vice a versa.Many time they go hand in hand. In 2019 both indian share markets & gold give 10-12 % returns. 5-10% of total portofolio allocation in gold is good strategy.
@@bettermentboss I am from India. Strong dollar , weak indian rupee are bullish for gold prices.
@@bettermentboss Pain ??? 😂🤣🤣🤣 Lol. I got profit in both. Why should I have pain ?
@@bettermentboss Real investor loves doom not boom. Love to see big fall in Share Markets to enter in good shares by selling positions in gold which then start going upwards. 😂😂😂😂
So helpful!!
Extraordinário esse vídeo
😊Am I correct in saying, investing in stocks instead of bonds creates more employment?
@@bettermentboss the more money gets invested into stocks, the more money companies have to turn over and that requires more staff
Thanks, man. LOVE.
The most common and arguably most beneficial place for an investor to put their money is into the stock market.
I keep hearing that everyone should invest in gold and silver. This can go down and be seized as it once was. I believe in investing in real estate because people will always need a place to live and you can grow your own food and raise animals for even more food and have a well to keep you alive during an economic collapse. You can't eat gold or silver.
Also make sure you have timber on your land for keeping warm, building furniture and homes as well as selling it for profit.
During an economic collapse, people will be worried about loosening their jobs because they need to feed their families. Pay off all bills and own your home mortgage free and provide your own food and water and let those with the gold and silver figure out how they "EAT IT." It's time to be simplistic in your investments and stop going for the next big thing. Use your hard earned money to protect your family and yourself.
@@bettermentboss The company I am going through to get the 9% is Resolute Capital Partners. If you put the money in the P2P through Energy, you get 9%. If you go through Technology, you get 8%, and if you go through real estate through senior living centers, you get 7.5%.
The minimum investment is $50,000.
I've been doing this since 2017 and have had no trouble.
Go on line and look up how P2P's work. Then check out Resolute Capital Partners.
Good luck and God bless
how do I invest and how much should I invest. where can I invest.
Bonds are better than savings accounts and CDs if you want a safe place to park some money for the short term and earn some interest during that time before you sell those bonds.
Investing in residential real estate can be a good choice if you can pay cash for it (no mortgages), can buy it at bargain prices during economic downturns and have the funds to keep the properties well-maintained and frequently inspected. People will always want a home in a safe neighborhood and many can only afford to rent. And someone will always want to rent a nice home in a nice neighborhood if the cost of the rent is right. But you must vet your prospective tenants carefully so you do not rent to someone who will trash the interior of a rental property.
Which software did you use to make these videos??
The most important investments you can make are yourself and your health.
@@bettermentboss Thanks! You've just earned a new subscriber! 😀
I disagree 🙈the longer you live the more money you need in retirement 😂I'd be happy with retiring at 50 and death at 65
@@shaheedcassim2752 Once you get to 65 years old you might feel different about that. 😊
Second the comments of Dyl_S World, Romuel Del Rosario, Bob Bobson, big c pimp daddy, and Erika Kullberg. Gold is a legitimate investment for many successful people, and long-term, tends to go up consistantly. Rich Dad Poor Dad author Robert Kiyosaki invests heavily in gold and silver. Robert and his second wife Kim were given 24 hours to come up with a deposit for a house. They didn't have that laying aound in fiat, so Kim simply sold some silver bars that same day and used the money for the down payment. Pretty neat, huh? Some millionaires also collect art and rare cars that go up in value as well, though I hear of these less often than precious metal buyers. Consider the McLaren F1 that appreciated in value. Still a good video!!! I've seen your other videos as well. :-)
Hi my friend...why does Robert kiwisaki love gold and silver? He calls it Gods money.
I am curious about Warren Buffett. How can he eat McDonald’s every day and stay healthy? Good genes?
Very good info..
Betterment Boss I like the way you reply to each and every comment, hardly any UA-camrs do that..
As a teacher to.d me while in school. You buy what you buy.
You mentioned that collectibles were only worth what someone else was willing to pay for. I found that was true with real estate in 2008-9.....
stocks are the same, in fact everything is like that.
It’s the truth about anything.
Thanks for the short, concise and to the point video about some of the money traps that people think are investments. The key thing I didn't think of when investing in collectibles is that you generally need a middle man to stay safe when buying into and cashing out of certain collectibles. The middle man takes a chunk of your profit twice so you end up losing money even when you're fortunate enough to sell an illiquid asset. I'm glad that people will learn from you video rather than from costly experience.
Adding my first comment. You may not realize that Warren Buffett bought a large supply of silver for investing purposes in the 1990's. As other people have commented, yes the rich buy precious metals, and that even includes Warren Buffet.
That’s the problem about these videos, they can actually be a disservice because of its out of context clickbait nature.
I invest heavily into low risk vehicles like bonds, but I do promise myself that I would invest two months salary a year into a stock fund or a high risk fund as a birthday present 🎂😂🙈
How's it going?
@@hauntedhouse7827 Good just abit worrying with political issues within the country
@@shaheedcassim2752 yeah, I feel ya.
I think buffet just change his mind and bought millions of gold stocks
Love your stuff Betterment Boss but this one was a little off, almost just regurgitating Warren Buffet. We all love Warren Buffet but in my opinion a lot of things have changed and his way of thinking has not. “Surgical”analysis is definitively still valid but we are now in a time where change is quick and you have to be looking forward. Buffets Coca Cola vs. Sears days are gone. The penny stock of today is not the penny stock of yesterday. Buffet should follow his own rules on crypto and not talk about things he does not understand.
Warren Buffet eats at McDonalds He became a Billionaire only to eat fast food SHEESH!
A better way for him to save money would be going to grocery stores and dollar stores.
Betterment Boss yes you can simple make better at your home
You should make a video on crypto ASAP
You are correct mostly , but when the collectables came up I think you need to rethink possibly. Have you ever seen a separate garage at a mansion full of old cars ?? Also who do you think pays hundreds of thousands and even some over a million for a signal rare penny ??? Millionaires don't invest in collectables because the item is only worth what someone is willing to pay for it , hmm, like everything that is ever bought ??? Real estate. , Autos , land , businesses I could go on and on. I just think you are wrong , well I don't know many in the comic book arena , but an original Superman did bring well in the 6 figures. I guess he mortgaged his and his entire families homes to get that one. And he still lives in his mom's basement. Lol. Just kidding with ya. 😆
Are you rich?
well.. I invest in precious metal because its proven that u will get ur money back in 15years with a different and higher value.. and I wont be stressing out
8th: don't invest in xrp lol
LMFAO!!!!
Clicked on bc dude was mining Bitcoin in a suit!!🤣🤣🤣
LMAO!
CDs in my country give 8% interest 😂
Betterment Boss Cambodia, but people like to invest in real estate than others investments, like my fri just profit double of her investment in just 6months.
In Ecuador banks also pay 8%, but economy is volatile and it's a risk to lose everything any time
It's better to invest in real estate
@@bettermentboss same here 9% on over a million in South Africa, I think it is to do with how little our currency is valued against the dollar, with these currencies going down it might be even better to invest in an American CD or bond fund
The only serious money I have made has been by speculating on penny stocks.
Hw do u *understand* companies?
Millionaires don't buy the latest iphone that comes out.
When I hear not to invest in bonds I always think about this man I met and he told me that is what he invested in and retired,this was some years ago
If you ask any investor what they want from their fund manager they will say consistant positive returns🙈bonds do that lol
@@shaheedcassim2752 Yeah, until negative interest rates ruin that...unless those bonds are sold before maturity
Crypto - It's the exchanges that are susceptible to being hacked. Not the crypto-currency itself.
3%do you want or no bot you want 100%
The title says never invest in, then explains that the rich do invest in them but it's not worth it.
Don't invest in one of the altcoins/cryptocurrencies...unless you do research in graphs. Still a freshmeat though.
This video is #Opinionated
@@bettermentboss ur welcome
I had been stupid enough to let a credit union advisor convince me to start a 56 month Roth CD. One of the dumbest investments of my duration.
Betterment Boss, yes I’ve definitely learned a valuable lesson in that regard. And you’re welcome of course!
Bet you won't do that again and now I can learn from your mistakes see people helping people
Growing Mgtow, oh indeed! I was so stupid. 😅
Tony Steel if u don’t mind me asking I’m trying to learn more how much did u make off of that 56 month hold ? Chase is offering me 2.99 Cd for 6 months
TheYoungwet, it was for 2.79%.
I'll have to disagree on Crypto especially Bitcoin. It's just that the general don't understand it well enough, so they shrug away from it. Now with the Virus and economic downfall, pretty soon fiat currencies will lose value and that would exponentially increase the value of Crypto. Having said that, don't go all in and put everything into Crypto but don't completely ignore it either. Allocate a small portion of your portfolio to Crypto.
hello dude
The Young Warren Buffet had access to stock markets to buy shares due to his environment and circumstances decades before a huge percentage of people investing today so do not be fooled by the examples given by this channel using Buffet as an example of how the rich invest. Buffet does not invest like most rich people because he is on another level of wealth to most rich people so he doesn't need to acquire more wealth by investing like most rich people and please understand that IF you are reading this and you want to become rich, you cant just invest like Buffet because if you do, WHEN the stock market crashes again, you will lose most of your money and Buffet will buy more stock after the crash when it is all on sale and he will benefit when the stocks eventually rise back up. You can't play that same game because you don't have the money to make bad decisions and you don't have the experience that an old-timer like Buffet has in market timing. Buffet was able to buy shares in companies when the internet was in its infancy...56k dial-up wasn't even around...what were the chances of even your parents buying shares? I know shares were traded well before the Internet started to take off but think about it, before the internet, how would the majority of the world's population even have known what the stock market was.
Unfortunately you missed the real purpose of gold & silver. Precious metals are an important part of a diverse portfolio. And of course rich people have some of there money in precious metals, just as an insurance and hedge against negative true interest rate.
Collectables are not an investment of course. It's just for fun and hobby.
@@bettermentboss not an advice, my opinion only 😉 everyone has to take care of the own money by her- & himself 🙃
Great mindset info 😊, but I want to ask if you have heard about this Pearlvine International ? I heard its a digital banking software somewhat related to bitcoin,So i want to know if i should invest on this company or not?
Ok, think I am avarage because I invest in four of this
Rich people don't invest in cryptocurrencies because they are not regulated YET. Bitcoin is a commodity and thus is not the same as other digital currencies. Secondly, once you become rich, inflation makes you "more rich" and the risk becomes less appealing. Digital assets aren't for the rich, yet.
People lose money because they don't wait to learn before they invest and sell out due to violation. They're younger and don't know how to wait.
video starts at 11:43
I don’t agree with collectibles a lot of Rich people own art and collectible cars
i was following u and thought u knew wat u were talking about until you said DONT INVEST IN PREIOUS METAL , U CRAZY KRAZY
Famous Productions enough said if that were the case like I stated mega corporations and mega banks wouldn’t hold thousands of thousands of 0zs of them
and great interesting video by the way!
Monday Oil or Pharm to the moon
Cryptocurrency millionaires watching🤣
I would disagree with not investing into precise metals because the number of people on earth is increasing much more rapidly than the amount of gold being found and gold is used for scientific experiments. Silver is being used for solar panels.etc.
Never invest in the humanity of those that work for a living. Just take max profit!
BUY CRYPTO.
@@bettermentboss lol. So you tell us what not to invest into. In what should we invest then?
He said everything is BS but stock. hahahahaaaaaa
@@bettermentboss Yeah bit then I wonder why the major financial institutions and investment firms all around the world (and countries/governments) have been hoarding them, jockeying for position to control them for the future? The Whales (ultra wealthy) buying and trading them 'over the counter' (away from the exchanges)? JP Morgan's CEO was bashing Bitcoin for ages, then it was revealed he and his own kid owned Bitcoin.
I guess they're hoarding to preserve the wealth they have (not technically investing/growing), or hedging/betting on the long-term future change to crypto?
Also, the crypto exchanges are not where many holders should keep their money anyway. Smart holders keep them in their (unhackable) *hardware wallets* -- *away* from the exchanges.
This comment aged well
Rich people don't invest in crypto currency, but millionares at billionaires do.
even Robert Kiyosaki and Micheal Saylor bought bitcoin
@@bettermentboss do have also bitcoin or other crypto currency?
Because i have some :)
and thank you for your videos, i learned a lot about financial literacy
What's the software name used to make such animation ??
That's the real question
@@plscuti5925 Hmm
Isn't Robert Kiyosaki rich. He owns pkenty of gold coins. He call gold" God's money".
🤐I got my ex gfs jewelry I'm trying to get rid off, her name was also Rebecca💲💲💲💲