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Books that have helped us on our Financial Independence Journey
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Freakonomics:
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Financial Norms Destroying Your Wealth – We Broke Them to Retire at 39 As Millionaires:
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Except for the possibility of nuclear war its all good advice
Spot On!! The Market likes stability, so whenever the Fed signals it is done rising rates only then will we see a recovery.
Let's not forget about all of the geopolitical instability, as the US fans the flames of war in Ukraine and Taiwan in the hopes of drawing Russia and China into long, expensive, draining wars. If the current proxy war between the two largest nuclear States expands into a direct, potentially global war, watch the f*** out below.
How would you recommend setting up a new SEP IRA with a large sum? Thank you for sharing your knowledge, I love your videos.
join stock market in wrong year lol losing money
Also a video suggestion: an update on your stock holdings. It will be painful to see the decrease but relatable and a “teachable moment” that everyone has losses right now, and how to deal with them (continue buy on sale, build a robust emergency fund, and diversify income streams with real estate.)
Great video as always. Big takeaway for me is that interest won’t be at the near 0 levels of 2020-2021 again probably ever. But we forgot that simply wasn’t sustainable indefinitely. Very glad I was lucky enough to get a fixed rate refi on my mortgage at 2.5% when I could.
Thank you
Some companies make 50% profit margins and the stock price is still dropping. Makes no sense with these companies.
Nobody knows the exact high and lows. Dollar cost averaging is the only safe way
I am a long term investor through my job but I am still scared. I keep telling myself that stocks are on sale and that the financial office ( I’m a NYC employee) is buying up stocks…What I don’t get is: How do I make money in the future when I stop investing (getting ready to retire in a few months). How does all that stock grow? Those investments will be sitting there for another 20 years before I withdraw (god willing).
Great content like always. 👍🏿🎯💯
Thank you
Hi, i m inspired by your story. It is very interesting to me. What kind of visa allows you to live in portugal?
Thank you both! ❤
The worst news for the stock market at this point is Biden's indecisiveness and the Fed's misjudgment.
This is a real bad news not only for the stock market, but also for people around the world.
Although the arms aid and economic sanctions that Biden has done so far can be said to be the minimum necessary measures,
On the one hand, because everything comes with a price,
Measures to supplement such measures should have been implemented at the same time,
Also, at this point, you must show a clear determination to put an end to the Russian war.
Biden is just wasting time at this point.
Please, don't just suck your fingers.
Please, I hope Biden will show some quick decisiveness at this point.
I hope you never lose a cow and fix the barn.
Why can't we learn a lesson from the situation in Afghanistan last time?
If you have to take a risk anyway, it's best to take the minimum risk.
.
Why has the U.S. been supporting Ukraine?
It was hoped that the Russian threat would not extend to Europe and the United States.
If Russia is allowed to occupy Ukraine,
In addition to being a security threat to Europe,
In the long run, the influence and status of the United States will be greatly diminished.
Countries such as China, India and Saudi Arabia will try to take full advantage of this situation.
In other words, Ukraine will continue to fiercely resist Russia.
In that case, Putin could threaten nuclear weapons or actually use tactical nuclear weapons.
That's why Biden has to make a decision now.
The golden opportunity has already come.
Immediately coordinate with Ukraine, plan an operation to eliminate Putin and pro-Putin forces, and act quickly.
As time goes on, the situation can work in favor of Putin and against Biden.
Biden has been calling Trump a coward, and hasn't he said he can deal with Putin?
Please show responsibility and courage for his words.
Taking time indecisively or procrastinating on a decision right now is nothing more than an attitude and behavior that a coward would do.
The desperate moment depends on the decision of the President of the United States.
Will he be the hero who saved the world?
Or will you turn into a coward who only talks about things?
.
The Fed is repeating the same mistake now.
This year alone, it has raised interest rates several times, and even now, there is no sign of changing that mindset.
They listen to fools and make foolish decisions before interest rate hikes are fully effective.
If you don't change your mind now and stick with it in the future,
The Fed's current action could be the worst decision in history.
It is something that can be discussed over and over again.
This is a matter of enormous importance that could change the course of history.
The Fed's repeated rate hikes are, in the end, buying and empowering Putin and Russia.
Thanks to the Fed, Powell, Russia and Putin will laugh out loud.
The Fed and Powell's decision to raise rates will make the deaths of Ukrainian fighters futile and meaningless.
In the end, it will be harshly criticized by all countries and people around the world.
It is terrifying to imagine what would happen if the United States and the US stock market were to lose confidence from the rest of the world..`
YOU HAVENT SEEN ANYTHING YET THE FLOOR IS ABOUT TO DROP FROM UNDER IT . ITS GOING TO BE THE WORST CRASH SINCE THE WORLD BEGAN. WW3 IS A BOUT TO BREAK OUT WE ARE ALREADY IN A RECCESSION, PPL SAYS WE ARE HEADING TOWARDS ONE ITS ALREADY HERE . ITS PRAYING TIME ,ITS PAST TIME TO SEEK THE LORD JESUS EVERYTHING THATS HAPPENING IN THIS WORLD IS WRITTEN IN GOD'S WORD . AND ITS ONLY GOING TO GET WORST .READ YOUR BIBLE .
For my personal point of view, the stock market crash will not end until the FED make an ease. It is just a continuation of a downtrend. Inflation makes people less spending to buy stock. I am waiting for the elon musk deal will it reverse the market or it will be a catalyzer. Also FED is plan to add more bps and now it is 2.5% rate. It sure will increase up to 4.5% same like the previous time. It will last up to 2023 but we will take a long position when the sentiment is less tight towards the economic decision.
I have so many people around me who don’t like to invest because the stock market is going down and they believe it’s a scam. Whenever I give them HISTORICAL data, they think I’m trying to sell them something toxic when I’m just stating facts on what the market did. It’s unbelievably disheartening to see my close friends lose out on possibly generational wealth because they’re moved by FOMO and short term thinking. At this point, it’s their loss…
This is a great reminder to look for deals in the markets right now. Unfortunately, I'll likely be needing to buy my first home in 1-2 yrs so I can't justify piling all my extra money in the stock market. I still need a large amount of safe money. 🥲 I am doing a 60:40 split of short term vs long term savings. It is what it is…
Excellent video Team
Good stuff…
Perfect time to continue dca. In fact, I am increasing my stock investment exposure during these times.