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We look at how to invest in 2020, or at least how I will invest in the coming year.
This is my investing guide, based on my opinions, not financial advice.
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28 comments
96% of all actively managed mutual funds fail to outperform the S&P 500 over a long period of time. Stick with Index funds for retirement accounts. Look up John Bogle the creator of Vanguard and listen to his investment philosophy.
For me continue investing in the stock market, and also perhaps open an Roth IRA.
I tell people always invest, saving up your money for me it's like putting all your eggs in one basket, find different means to get money and trust me you won't regret it, my other basket is trading, even though I did have the experience then yet, but Harry Clark helped me out, I thank God for him till today
2 easy reliable ways to build wealth:
1) rent property by the rooms
2) TQQQ
I’m 23 living on my own now, moved out to New Mexico in July. Right now I have about 10k in my 401k and I get a 9% match with my employer where 3% is full match and 6% is half. So I have 10% of my income going to that 401k. I have about $600 a month leftover after expenses so I’m thinking I’m going to start a Roth IRA with Schwab and contribute $100 a month into that account. I have about $25,000 in bank accounts (just checking accounts) so I’m probably going to move 6k and max my Roth contribution next year (that $100 a month contribution will start in 2021 I suppose) and move the remaining money into a high yield savings or something. I think I’m going to be relatively conservative in the Roth and do 60% S&P index fund and 40% bond index fund. Ideally if I have a pretty lady move in with me I can put a lot of money towards savings for a down payment on a house. I owe about $6,000 on my car but I have a 1.9% interest rate so I’m not too worried about that outstanding debt. Overall I’m hoping 2020 is a great year!
where do you live ? i'd love to buy a house for 250k
Gasp Meet Kevin! 😃
Can someone help me understand balance transfer for credit cards? I’m in a bit of Dept at the moment it’s not much it’s at $4358 on a cap-one gold card it’s max limit is $4550 I’m looking at the Amex SimplyCash no annual fee I make close to $2000 a month I can do $270/$300 a month to my cap-one or the SimplyCash card any advice would be appreciated thank you
I’m confused did you buy your home or finance your house?
You speak of mortgage payments….
Thank for sharing!
Where and how do you invest in stock?
Travis Kalenik just sold 2.5 bil worth of UBER stock 😂 not sure if I want to invest in a company that the founder and former CEO don’t see value
I wouldn't use Zilliow to check the worth of your houses appreciation. Check with your real estate agent using his MLS format
Thank you Shifu; I love this video, you explained this so well and you used a real-world example that any average working-class person can understand. You have inspired me to start getting my act together–it doesn't seem so scary to me now…
Can you deduct your mortgage interest if you choose the standard deduction?
6:14 slowly**
A little wrong on Uber.. it's a company on a price war with a bunch of ride sharing apps.. so??
i am also waiting Uber to go up
If your house appreciated 12%, yielding a 5k increase, that means your house is worth 40k? I'm confused here.
Investing in bitcoin is a life changing experience
Whats your day time job credit shifu ? Curious
My Investment Plan is very similar to yours. I'm 29 and bought my First house last Year, Started Stock investments this year, and hopefully by next year buy a rental property.
By the time u done paying for that house in 30 years it will be roughly 600k
Plus all the maintenance fees along the way. It’s not an investment unless you buy it CASH.
Location, Location, Location.
You should read the book “Rental Property Investing” by Brandon Turner of Bigger pockets. You should also join that forum. I’m also looking at alternative income options like YouTube and real estate in 2020. Will keep pouring money into the market.
Also, I wouldn’t call investing in Uber value investing. They have negative cash flows so unless you can project them turning that around (very uncertain) it’s a growth / story stock. Same with Tesla.
Your property tax is high!
Watching this during covid19… how have your plan change?
Holy shit he’s 34 he looks 25😂
Great video! Any thoughts on investing in Tencent Holding (TCEHY) or any other Chinese tech? Thanks!