I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
When deciding between saving and investing, it’s important to understand their purposes. Saving is for short-term goals and emergencies, while investing is for long-term growth.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Putting half of my Salary into my portfolio at the start of each month has always been my approach. My second approach is to hold off on selling for at least five years, but as of late, my portfolio has seen a significant fall with losses of around $65k, Please what can i do?
it took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen.I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now. Any guidance in this regard would be much valued.
Initially, REITs investing in healthcare seemed like a solid choice, especially with aging populations. However, experiencing a significant -40% loss equating to around $160k has left me questioning whether to sell or continue holding.
Don’t listen to this. You need to have some liquid cash in event of an emergency and you don’t want to be dealing with capital gains in the event that you need that cash right then. What I would say to do is to get six months worth of expenses into a savings account. I.e. if your expenses are $2000 a month start working on getting $12,000 in a savings account. Have this as your absolute savings then once you hit that point save 10% of your income into a separate bucket. Only replenish your absolute savings if you have to dip into it other than that, let it just sit and grow as your expenses increase, then steadily increase that number in the savings account.
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.
I started investing in dividends with my taxable account. I used the buy and hold strategy in my Roth, adding some Berkshire B stock, SCHD, and an S&P 500 and total market exchange-traded fund.
For me the biggest mindset change came after reading the book The Wealth Glitch: Cracking the Money Code, since reading it the only thing I think about is money
The idea behind the ebook 25 money secrets from Donald Trump really blew my mind. It’s like stumbling upon a hidden shortcut to financial abundance.
Thank you for featuring Proopsy in one of your videos. I took your advice and contacted him for modular homes, and the house have been incredible. Paid slightly less than $29k, and now I’ve paid off my $129k 15 year loan in 8 months. Now totally debt free because I rent it out on Airbnb. Love having no debt for the last 5 months. Thank you Proopsy!
I want to shift my investments to more socially responsible options, and I’m aiming to invest around $50k this year. Any ideas on how to go about it?
One way to minimize risk while still capturing the potential for growth is by diversifying across sectors and industries. For example, holding both dividend-paying companies in stable sectors like utilities or consumer staples, alongside growth stocks in technology or healthcare, can provide a good balance. I've found that this approach allows me to enjoy consistent income from dividends while still benefiting from the capital appreciation that growth stocks can offer. How do you approach diversification in your portfolio?
I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
In 5 years you will have $10,005.00. And due to inflation it will feel like about $7,500.00. The US dollar drops about 4% on value every year so holding $100 US dollars for one year in a savings account basically turns it into $96.
@DanielIles