► Obtain Your FREE PDF Companion Information: https://financial-tortoise.ck.page/4c40bea134
Timecodes:
0:00 – Intro
0:07 – Personal Too Many Accounts
1:10 – Pay Too A lot In Investing Charges
3:14 – Pay Too A lot In Taxes
4:45 – FREE Present
5:15 – Design Overly Complicated Funding Portfolios
6:53 – Neglect To Reinvest Dividends
7:45 – Pay Too A lot Consideration To Market Information
9:26 – Chase Larger Returns
10:43 – Too Conservative
12:28 – Don’t Wait
13:49 – Neglect To Make investments In Life
————
FAVORITE TOOLS:
► Mint Cellular – Verify Out My Associate Mint Cellular, Inexpensive Cellphone Service – https://trymintmobile.com/financialtortoise
► SoFi – Checking & Excessive-Yield Financial savings Account, Phrases Apply – https://sofi.com/tae
► Shortform – Extra Than E book Summaries – https://shortform.com/taekim
LINKS:
► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter
► Favourite Books: https://www.financialtortoise.com/bestbooks
DISCLAIMER: I’m not a monetary adviser. These movies are for academic and leisure functions solely. I’m merely sharing my private opinion. Please search skilled assist when wanted.
source
► Download Your FREE PDF Companion Guide: https://financial-tortoise.ck.page/4c40bea134
Which is better? A traditional 401k or Roth 401k?
Great video , BUT were missing the hair😒
Great info thx
All of my retirement accounts Rollover IRA, ROTH IRA, HSA, Brokerage all at Fidelity. All my daily banking checking, savings, MMA at a credit union. No mortgage or loans.
11:00 this was me 5 years ago. I had $70,000 in my savings account and no money in the stock market (other than my 401k/IRA).
I bit the bullet and started investing at the end of 2019. I now have $300,000 in personal investments. Nothing spectacular, but it's many times better than if I let it sit in a bank account gaining less than 1% interest.
A very well done video with timeless investment advice. Number 10 is so important.
When you began discussing the necessity of taxes and defending the current system, it struck me how contradictory it is for the federal government to extract money from citizens' paychecks, only to allocate it to questionable causes, such as supporting illegal immigration and funding overseas military interventions to protect foreign borders rather than our own. This clearly undermines the very concept of "national defense" that is often used to justify such expenditures. The core issue lies in how taxes are collected. The federal government should not have the unchecked authority to DIRECTLY tax income from any and all sources. The 16th Amendment, which grants this power, is a deeply flawed provision that fundamentally overreaches and should be repealed to restore a more just and reasonable taxation system.
Personally I’m always investing, Financial market specificity for me seems the only way forward with my long time horizon, i've accrued almost $1.4m in gains since 2020 (Credits to my Fa Abigail Ryan Ann)but if you don’t have that fortune of time and also if you're scared it’s fine it's a tough market out here, almost nowhere feels safe. Just know the risk you're comfortable with and always adhere to the guidance of your fa. Mistake is expensive.
Love me a Roth. I am on track to be Tax Free Millionaire. $2.7 Milly in 12 years. 🎉🎉❤❤💪🏾💪🏾🤞🏾🤞🏾🙏🏾🙏🏾 i luv me growth so its all in growth E.T.Fs and stocks.🎉🎉
This video is relevant to me. I recently took a position in QQQ. Later, I learned about QQQM, which has the same index but a 0.05% lower expense. When I backtested them, there was more money in QQQM.
Not guilty of any of it really. Maybe chasing returns, but with very small amount. I would learn nothing about market if I just buy funds and hold.
So true of so many people. Sigh.
Some thoughts:
#3. Create a plan for how much you plan to invest for the year. If you're in the 22% tax bracket (which may become the 25% tax bracket in 2026), choose pre-tax investments until you are down to the 12% (possibly 15% percent in 2026), and everything else should be invested in Roth funds. You are unlikely ever to get a tax rate of less than 12%/15%, and when you retire you should be able to convert pre-tax funds to Roth funds and take advantage of the standard deduction, 10% bracket, and 12%/15% bracket when you convert funds that you deducted at 22%/25%. Financial planners call this technique "tax rate arbitrage."
#6. Tae is correct — it's good to know what's going on. However, you should ignore financial porn. If anyone could really pick stocks, they would be able to consistently outperform the S&P 500. There are over 16,000 portfolio managers in the U.S., and — sorry, not sorry — each of them is better at picking stocks than you are. Only about a quarter of mutual funds beat the S&P in any given year, and none of them can do it consistently. You now know everything you need to know about picking stocks.
#10. I agree. Don't be one of those people who know the price of everything and the value of nothing.
"#8 Too Conservative" is one everyone should study. It is a great chart. Bonds reduce volatility but most people should wait might be better off waiting until they are 10-15 years from retirement before shifting from 0-10% to 20-40% in bonds. A ten year time frame of the broad US Stock Market will almost always significantly exceed bonds. It you have 10 years to increase your bond portion of your retirement account to your preferred percentage that is good runway. Once I got to retirement I created a three year ladder of CD for withdrawals and in fact keep a lower percentage of bonds than I had thought I would. I replenish the CD ladder when needed.
I have a lot of different accounts. But since I'm a crazy person and I like doing my own book keeping, I know exactly where my money is and how much is in each of my 20 different accounts in various financial institutions.
I should probably stop that.
Number 10 is most important I have followed a bunch of fire communities and most of them are so extreme. Talking about splitting toilet paper and eating as much as the same cheap and unhealthy food just to save a buck. It’s important to save money for the long term but yo alive now to. What’s the point of having a lot of money later if you have done nothing in your life to look back on… then you're alive but your not living. I read an article a while back of a Japanese man who saved everything and who kept a job he hated for 30 years so he could retire early. Then when the time came around the yen dropped significantly in value…
Great content 👌 👏 👍
Very thoughtful and helpful. Well done, thank you!
15 seconds into this I immediately subscribed…. I learn something new expense ratio
For me, it's number 1. I recovered over 10k in my past 401k/IRA from previous jobs
Worst investing mistake is a Target Date Fund. Many underperform the S&P 500 by about 5% annual average.
Excellent video, Tae is the best at this and I find him to be very trust worthy. I am guilty of having too many accounts myself, going to consolidate this week.
#9 happened to me several times… even if you hold your stock for awhile. I have had several stocks that I held for 4 years that doubled in value at that time… i figured there’s no way they could ever go much higher so I sold. 10 years later they are 5x. If you have a good company with strong fundamentals, don’t sell unless you have a real solid reason in their future performance or if you have a well researched stock you prefer over them.
Thank you❤
Great advice as always, keep it up ✨️ 👍
Hi from India