Our Top 10 Most-Asked Investing Questions, Answered
2024 ж. 23 Мам.
52 917 Рет қаралды
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8:00 "More is better than less." One of my best money tips is, "If you want to end up with more money later, save more money now."
Buying a home means accommodation will not be a cost when you get to retirement as you will have paid it off be then. And you can borrow against its value during your life for business, etc.And you can sell your house on retirement and buy a cheaper one and live off the difference. And during your life you can rent out rooms.
Chelseaaa, love your suit. Looking great girl. Can't wait to attend!!!
So I've been watching this channel since I was in my 20s and learned a whole lot! Now in my 30s after having applied a lot of the advice already, I was wondering if it is also possible to make some content for slightly mature investors? (Jeez)
OMG I love Amanda I need examples like caboodles!
Please make more videos like this! I can't get enough!
18:12 I disagree. I'm 52 years old, retired, and my net worth is 97% in stock mutual funds. I still have 30+ years of life ahead of me and I don't want to give up stock market returns during that time. My answer to, "What about market crashes?" is, have the largest net worth possible, so that losing 50% is survivable. In my investing experience (which includes the 2000 and 2008 crashes), the market recovers pretty fast -- like 2 to 5 years. I can cut withdrawals to a minimum and live mostly off my military retirement pay for 2 to 5 years. It wouldn't be a fun time, but I could make it and I'm pretty sure my net worth at age 80 will show that staying in stocks was the right choice.
You don’t know the future though. Anything unexpected can happen in the next 30 years where you’ll need to withdraw a large sum
@@chellybaby I don't know the future, but I do know that the more wealth you have, the better you can handle unexpected and expensive situations. And the best way I know to accumulate the largest amount of wealth is to stay fully invested in the stock market.
The problem is that you don't lose money on stocks unless you sell. SO, if you had a more diversified portfolio and the stock market crashed, you could pull your money out of whatever investment is strong at the moment instead. For instance: Say stock A is normally $100 a share and slowly rising, but the market crashes and it's only worth $50 a share. During a normal market, if you needed $1000 you could sell 10 shares and have your money, but during the crash, you'd have to pull out 20 shares to get that money, so when the market inevitably rebounded back to normal, you'd be down $2000. If during that crash you had pull that $1000 out of a different investment that DIDN'T crash, you wouldn't be spending 2x the retirement for that $1000. You don't lose any money until you sell.
Noone know how long they'll live
this was some of the best FREE advice with actionable steps. if this is what the course is like i’m down!
16:38 True. For someone with a stable job who is contributing to investments for retirement, a market crash is a good thing. You should dig deep and accelerate contributions when the market is down to take advantage of cheap stock prices.
Amanda is brilliant.
As always, I am loving the content! Also loving the outfits! 😍😍😍
I would love to get advises on investing out of the US. For most of us who live out of the US or don't have a US social security number, investing is not as easy as it can be for the us market.
Look for FIRE financial independence retire early bloggers in your country, some of them will breakdown their investments for you and their reasoning why. That's how I learnt most of my knowledge for working towards being financially independent.
Yeah, I'm Canadian and most of this is useless to me lmao
@@oaktree__ Same.... :((((
It’s geared toward Americans…
@@TheSunnyD01 Wow really?????? That's brand new information
When I see a market crash and my portfolio down 50%, first though on mind.... Take out a low interest loan at 2% against my portfolio and buy more of them. Love the dirt cheap stocks.
I don't know if I'd go as far as taking a loan out, but I definitely am on the same page!
@@Spladoinkal it is call using leverage
@@IamAWESOME3980 For sure, but I'd advise against using leverage long term because it takes much more to recover from a loss than not using leverage. There's some videos on why that is. Leverage in the stock market is usually best used for day trading.
Its so good to see people educate others about financial literacy and the finances of living expenses with a real, calm, no-bull**** approach and making money off of it, without preying on the uneducated by promising unrealistic results. I also love that you warn people about frauds like mlms and hidden privileges of financial gurus. I love what you women are doing! Keep going like this!!!
The housing vs investing in stock market is a real interesting one. There are a lot about the housing side that should be considered like if you have a family or if you are single. If you are single or have no children, you have a huge advantage to downsize to studio apartment or purchase a small condo/town home in a good neighborhood for you. If you have a family, you have to consider if the neighborhood is good for your kids. How are the schools in the area? For me, a single person, it's worth it to rent downtown closer to work and this area is not good for children as the schools are pretty bad. I can save a boat load of money by just renting and investing the difference from buying a home.
🤣🤣 I love her disagreement and then she throws the promo in 🤣 that had me rolling lol 🙏🏼❤️
Yesss! Great video 🤩 got my tickets 🎫!
Pro Pro tip if the 401k has a Roth 401k with taxes lower right now might as well pay the taxes now and let that money grow with out being taxed on the out. Also Roth IRA you can take money out to aid in First home buying after having the account open for 5 years.
While I love these videos and think they're helpful for the majority of your viewers, I would also love to see the channel delve deeper into topics for those already well-versed in finance. I think it would be great to have guest speakers/podcast guests provide a snapshot of their personal portfolios (in %'s) and explain their thought processes when choosing what to invest in!
would love that.
Agreed! I am pretty clued up on investing but would love to know how you are supposed to readjust as you get closer to retirement and exchange stocks for less volatile options.
I'm just a random guy on the Internet, but I think something like the Vanguard Total Market Index Fund is all you need.
And explain the charts and numbers
@@mikeg9b depends on your age, as you get closer to retirement you need to start shifting retirement funds into less volatile things like bonds
Good content!! Do another one where you speak in French!! Love it!
Chelsea, that pin energy is so what i want in my life.
If retired I would say have a years worth of expenses in cash in case there is a market crash and that way you wouldn’t have to withdraw during that time.
Preferably 2-years worth
Thank you for always being realistic when it comes to home ownership and renting!!! If we had bought a house 7 years ago when we moved to the Midwest we would have made a huge profit when we wanted to move this year. But we had absolutely no money for a down payment (fresh out of college with student loan repayments on the horizon! 😬). And we weren't planning on living out here for more than 5 years- that's a very bad house purchasing plan!!! Sometimes it's a little sad looking back and seeing what could have been, (if we could have somehow gotten a loan), but it was the best and most reasonable choice for us at the time, and I'm glad we didn't have to deal with the responsibility of a house fresh out of college.
I'm pretty excited because this is what I've done. I maxed my 401K and get a match from my employer, but then I also opened a brokerage account, and I put in a set amount every two weeks religiously. I have a mix of stuff in there, but nothing too risky. It took me years to get my credit in shape and begin to invest. I love this channel.
I always love seeing these insights!
I will forever love this channel financial diet.you have helped I and my family since the pandemic till now your advices and lessons are inspirational to us.
My husband and I have been able to be minimal, conscious in spending saving and investing wisely . We have been able to earn on a weekly basis and it helps the family a lot.you are a blessing to this family we all love you.
Woah I am so much inspired this channel is genius am I am because I am used to the contents as well.can you please share some tips on your weekly earning I will be glad to learn from you
Since a friend of mine introduced me to this channel I have never missed a content and I am happy and proud of myself because I have learnt and taught my peers a lot.
@@andrew1065 I can share some tips that helped me but I don't know for you it's up to you to use them wisely 1.Plan towards it. 2.Be frugal and minimal on spending. 3.Save to invest it's a proven way to get richer. These steps are very important to financial success
@@andrew1065 there are a lot of investing options such as 401k,Real estate, Stocks, Crypto,Airbnb, ETFs,but my best advice to you is to get a the help of a professional who will lead you into a successful and profitable one.I Make $18,700 weekly on stocks and $6,700 on Roth/IRA on a weekly basis.That has been to my financial journey and general income it helps me a lot.
Loving the blazer Chelsea! #Faganfabulous
Wish the event was on the weekend! Wanted to buy a ticket but it’s a weekday so have work.
If you buy the ticket you get videos of the content presented afterwards! :)
Yes, you’ll get all of the videos after the event
Chelsea’s face when she is told she could live to be 100 😂
So I understand what stocks and bonds are and I just opened up a Roth IRA, I have a 401K through my employer and have that maxed out to the employer match. Now... I have 2 funds and 1 Bond "fund" in my Roth bucket, I have deposited a little over 2K into it and currently have about 700 of that invested in the funds and bonds and I have set up automated monthly investing into these funds. My question is should I go ahead and allocate all this money that is currently sitting in my open position into the funds or should I leave it to dollar average invest a certain amount of that money every month . I'm not sure what the best strategy is .
I'm Canadian, but I still appreciate the general investment advice
I'm Canadian too and I have benefited greatly from Amanda's content and advice. The investment philosophy and concepts are pretty universal. And RRSP/TFSA in Canada are comparable to the American IRA accounts so there's that too.
Check out Ben Felix's channel. He's Canadian.
Is there a link to the free session?
Bought my first house at 23 in 2003. Made $40 in two years. Lost all of it when I bought a house in mid-2008 and 3 months later the housing market crashed and I was $109k under water. Kept it 8 years and got a check for $5k. Yea I agree, home ownership isn’t everything. I did purchase again because too many pets to rent but no longer consider my home as any part of my wealth.
Hi Chelsea. My husband and I are thinking about using investment apps. What are your thoughts on robinhood? Is it better than acorns?
Robinhood is a scam that manipulates the market and screws over its users. Avoid at all costs.
I wouldn’t use Robin hood because it’s very difficult to delete your account
Chelsea's faces always gets me 😅
Which index funds did you buy Amanda? Thank you.
Invest in the S&P 500 and call it a day. For 99% of people that works fine. It grows 7% a year. Most stocks can’t beat it.
@@gimpinmypants Thank you! I’ll look at the top 5 companies S&P 500 and invest.
I am in Asia, can i get the recording?
Is the conference on Nov 12 virtual?
I inherited a roth IRA 5 years ago and it's grown quite a bit, but I really wish my financial advisor had talked to me about contributing to it.... I had no idea I could do that until your podcast...
This was an excellent interview! Very practical with actionable steps for everyone to take right away.
"Stay cute, stay unbothered"
Can you please add chapters to this video? Hard to consume 26 minutes.
4:47 - Aaaand that’s where you lost me. Max 401k contribution is $19,500. That’s half of what many entry level salaries are. Hard to live off of what’s left. Very much outlier situations where there is discretionary $ for other investments.
She might have meant maxing out Roth IRA contributions, which are a more-reasonable-to-max-out $6,000 per year
She's either talking about what SidV101 said, or maxing out the employee contribution (like they match your contribution up to the first 5%) so you'd do the 5% contribution or whatever just to get your employer to match fully.
Probably worse still is most entry jobs are actually 32000 tops entry. So that's a 2/3rds pretax
Is it possible to move a ROTH from one institution to another?
Yes. Contact the institution that you want to move your Roth to and they will tell you what to do (or hopefully, do it for you). You want an "in-kind" transfer to avoid penalty fees or capital gains taxes.
Talking to our Fidelity guy who we're trying to have more control over what companies we don't invest in and we got the "advantage" of being able to choose a whole six companies that they won't invest our money in. Is there a place I can go to easily find a list of "top evil s&p companies you really don't wanna support "? I wish, right? I'm dyslexic and have Hemianopsia, sorry for typos.
Please include timestamps.
Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office
Well said.. Investment makes up the top notch hemisphere of wealth, that's more reason one should save and invest to secure more profits and ensure success
If I haven't experienced this myself I would have said it's all lies. I have made great profits on my investment since I started trading with Mr. Larry Kent Nick. I continue to make huge profits every week.
I also trade with Kent he takes a 30% commission on the profits made after each trading session, which is fair compared to the effort you put in to make big profits.
As a beginner investor trading with a professional broker is the best strategy, which is why I have been trading with Mr. Larry kent Nick, his unique skill set is amazing.
@Beatrice R. Damiano Larry Kent Nick Trading***
There is a tendency in the world of investment to just put advice out there as if this fits all lifestyles. People with families cannot just max out their IRAs. The first advice is to seek out a fiduciary adviser from a fiduciary investment house. Not a robot. The second thing to do is to know what you can invest now and knowing what you want at retirement. Maxing out retirement accounts, even if you can do it, creates the financial bubbles we want to avoid. Money needs to circulate, as you stated, not everyone is going to be a millionaire, but the pursuit of millions isn't only greedy, but detrimental for the economy. So, let's stop with the maxing out B.S. and invest in low impact bonds and companies and most of all be satisfied with everything in moderation.
What's better putting money into a 401k or an IRA?
My immediate answer is 401K- check to see if your employer offers a company match on your contributions, which many do(up to a certain percentage).
@@jefferymccauley9548 I'd read and liked your comment but I'd forgot to reply back. Thanks for your advice. That's exactly what I am doing. Hopefully I'll increase my income soon and I will be able to contribute to both.
It's far too easy for investors to lose perspective. Since the Evergrande news the market has been crazy. Whenever something big goes wrong, a lot of people panic and hold on to money that should be working for them. Having monitored my portfolio performance return huge six figures from the last 2 quarters, I have learned why the market will remain a money den for those who know where to look.
Been doing S&P500 for a few years and it's been fair but some speculations look quiet scary and they're discouraging..Rn I'm looking to take my investments to another level so I'm in need of a good investment plan I have a lump sum of $500k+ in a savings account yielding next to nothing.
@@emarshall2629 I have my funds well diversified by using trade signals from my investment advisor Susan Lynn Hoyt a US registered CFA who you might have heard about or seen in the CNBC news and tbh it's been a huge relief. Highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part. My aggressive portfolio returned almost $200k in Q2.
@@vinjmc9320 impressive..the aggressive sounds enticing but I'd love to start moderate and maybe advance to aggressive. Do you just give her your money or copy manually? I have a full time job. And what does Susan Hoyt charge for her services?
@@emarshall2629 You don't give out funds here. My account only mirrors her trades in real time that's the ideal for this system. The lady I just recommended is a renowned advisor and knows what the heck she's doing. Check her out and get in touch if you'd need help. Charges 10% of profit.
Just found her official website I'll get in touch. Thank you
I'm sort of annoyed (not at you!) at investing advice after binge watching so many from different youtubers and realizing it didn't matter how much knowledge i had if i didn't have disposable income to invest that money
That's a false narrative promoted by the financially illiterate who live paycheck to paycheck, somewhat like the overweight person that refuses to count calories but *knows* they don't eat more than anyone else. You sit down with either group and start crunching numbers, and the conversation goes defensive and irrational.
Gathering knowledge is a good first step. No one actually feels like they have their finances completely under control. Anyone bragging that they do is lying. I started saving very small. Hiding a couple bucks a month in a jar might be all that you can do. It’s about developing the discipline to leave that pot of money alone. When you have $20, start a savings account in a no-fee account. If you use it for an emergency, start over and aim higher. The key is just to start.
@@epbrown01 there are plenty of financially literate people who also live paycheck to paycheck, not because they don't understand how to save money, but because there is no money to be saved
@@supernova622 That's true, A financially literate person can still be incompetent, just like many other walks of life. The internet teaches us that more information is NOT a cure-all.
If all you have is $5 then start with that. It’s better than zero. Park that money in a Roth and keep adding $5 any time you can.
are there any channels like this for canadians?? lmao
👆👆👆 Hello we need a good and honest person who will work in an airport if interested dm me on WhatsApp!!!!
Ben Felix
I will forever be indebted to you 😇 you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs luna lucia,
WOW....amazing to see othere who traded with Mrs luna lucia i am currently on my 7th trade with her and my portfolio has grown tremendously
I invest with mrs luna lucia too , she charge a 20% commission on profit made after every trading session which is fair compare to the effort she put in to make huge profit....
_this is not the first time i am hearing of this woman and her exploit trading world but i have no idea on how to reach her _
@@mrjohnson8502 kindly reach out to her on telegam
@@mrjohnson8502 investwithluna Is her handle name
So 14:45 investing in the market is a gamble that could wipe out your savings but 22:13 investing in a property can leave you destitute but investing in the market won't 🤦🏼♀️
She said investing in the market short term is a gamble.
What happened to the video from a couple weeks ago about using the power of catholicism to manifest money? I was just getting into it and then it disappeared 🥺
50/50 Bitcoin/TSLA portfolio and you’re set
Umm, no.
This was explained so poorly. I feel bad for the people who really don't know these things and are looking for this interview to educate them.
Amanda is great!