Hello everyone! If you're a parent, beginner in personal finance, who's working to get your finances in order and need help with your financial planning, so you can build your wealth, and achieve financial security, stability, and freedom, message me on IG @thealexisidro (I'm currently doing research and would love to know how I could help you/challenges you are dealing with, and in exchange for your input, I will answer any questions you have). instagram.com/thealexisidro/

Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

@JasonStathamOffical

Ай бұрын

The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.

@YinusaSaheed

Ай бұрын

@@JasonStathamOffical I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.

@Richardnnabuikediyoke

Ай бұрын

@@YinusaSaheed Mind if I ask you to recommend this particular coach you using their service?

@YinusaSaheed

Ай бұрын

@@Richardnnabuikediyoke Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@MathiasRicardo-

Ай бұрын

@@YinusaSaheed Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

thanks dude! well thought out vid -super helpful!!

@alexisidro

4 ай бұрын

Glad to hear that! Thanks for watching. Any questions let me know

I enjoyed the vid and information. I opened the HYA with your help. Thank you.

This was really helpful! Thanks!

@alexisidro

5 ай бұрын

Very welcome. Is AMEX for you?

Would you recommend it to your mom. Should be the standard for alot of things 😂

@alexisidro

5 ай бұрын

haha AGREE! Do you have any questions I can help answer? How are you liking AMEX?

@WtfReal

5 ай бұрын

@@alexisidro I just opened one today and transferred money. But didn’t know you have to pay tax on interest earned in a savings acc. Disgusting.

@alexisidro

5 ай бұрын

It is crazy!!! I feel you.

What are the other cards you mentioned at the end that have similar features but have higher APYs?

@Yagirlnyesha

2 ай бұрын

SOFI, Capital one

@kingaroni

2 ай бұрын

@@Yagirlnyesha thank you

Is there an annual fee? I read no monthly fees but I have Amex business cards that have annual fees

@alexisidro

2 ай бұрын

The high yield savings account does not have any fees :)

I want the warm and fuzzy feelings you have towards Amex too! Lehman Brothers was founded in 1850 too and look at what happened to them.

@alexisidro

Ай бұрын

I hear you!

When you say e check, is the just the same as mobile deposit using the app?

@alexisidro

5 ай бұрын

Yes!

@rickyhawley3482

5 ай бұрын

@@alexisidro thanks for the quick response. I’ve only seen it listed as mobile deposit and not e-check before

Does their HYSA show up in their app? I have one with Apple. I like the all in one view but Im thinking of switching since Apple and Goldman Sachs maybe breaking up soon. I have an Amex CC so it will be nice to see everything in one place.

@alexisidro

3 ай бұрын

I believe so. I don't see why it wouldn't.

@Miracle-333

2 ай бұрын

Yes they do

Thanks for the video. Good stuff. Have you looked at the history of their rate? What are your thought on that?

@alexisidro

2 ай бұрын

Actually, I did notice that. Many banks are lowering their rates, and not sure why. The fed might be lowering interest rates in the future, so they might be being proactive. Other than that, not sure. There are still other options out there, though. What are your thoughts on it?

What’s the cost of moving money FROM the high yield savings account TO an external bank?

@alexisidro

4 ай бұрын

Zero. Just a regular transfer

@thelegendarykevininsales7589

4 ай бұрын

@@alexisidro nice. Thank you

Thank you for this video!

@alexisidro

14 күн бұрын

Welcome! Are there any other questions I can help with?

What’s the best with no chance of foreclosure? Goldman Sachs is 4.40% ?

@alexisidro

3 ай бұрын

I personally consider only established, FDIC/NCUA insured organizations. AMEX, Capital One, Marcus, SoFi, Ally, CIT are all good examples. There are others of course. Just depends on what you're looking for.

So I have Wells Fargo as my banking right now would I be able to transfer the Amex savings funds to my Wells Fargo checking pretty easily or nah? I’m thinking about opening my first HYAS account but I just want to make sure I’d be able to move money from acc to acc easily in case of a emergency

@alexisidro

4 ай бұрын

Yes, transfers are usually easy. Bank to bank transfers are how I personally swap money as well! I understand it can be a bit anxious the first time, so if this is the case for you, transfer little money. Start with 100 bucks and then once you feel more comfortable with the process, then transfer the rest. Start small :)

@GOLD_FEVER

4 ай бұрын

Wells Fargo and any bank that CHARGES the customer WHO'S MONEY THE ARE USING while its in their account, for the simple fact that they are "providing a service" are scum. Credit Unions all the way! I don't have to worry about not depositing money every month into the account and getting random charges because some money grabbing scum decided they want a piece...

@micahgreene4573

3 ай бұрын

I'm with Alex. Transfers are super easy once you link the two bank accounts. However, I'm Wells Fargo as well. My payments to my Amex cards happen almost the same day. The HYSA transfers take a couple of days.

So I have $60k in SOFI who’s my primary account now since transferring over from Wells Fargo. I also have $25k with Amex. Now I’m thinking I should also move this emergency fund to SOFI too. I don’t have credit cards with them but they were my 1st HYSA. So undecided now. I also found Milli HYSA today at 5.50% but am unfamiliar with the company. Seems shady perhaps?

@alexisidro

5 ай бұрын

Not too sure about Milli, I'd have to look into it more! There goes the confidence factors I talk about in the video! For me, no warm and fuzzy, I consider other options.

@lefty.

3 ай бұрын

But with sofi you need direct deposit on top of the 5k minimum balance you have to have in the account to earn interest. Is it the same with amex also?

@Meowskatools

3 ай бұрын

@@lefty.don’t think so. I opened AMEX and put $100 in to test and see. I get the interest monthly on it with just a $100 in.

@lefty.

3 ай бұрын

@@Meowskatools thank you for actually replying to me. Yeah I put money in and I’m waiting for the month to hit. Appreciate the help

I’m an engineer, so I subscribed 🤝🏾🤣

@alexisidro

5 ай бұрын

LFGOOO. What field are you in? Nice connecting with you!

@joaodasilva7556

5 ай бұрын

Went to school for biomedical engineering, working in quality at a med device company!

@alexisidro

5 ай бұрын

That’s wonderful! How you liking your career so far?

Can i get a card for this account?

@alexisidro

4 ай бұрын

If you get the checking account, yes.

@Miracle-333

2 ай бұрын

No card for HYS savings

An engineer can’t resist the urge to let people know they’re an engineer. Lol

just moved 50k to a Amex hysa this month. took one day to process the transaction from my BofA. I have another 17k I'm thinking of moving to a CIT bank offering 5.05% but on the fence about the reliability of the bank. May just move it to Cap One 360

@alexisidro

5 ай бұрын

That’s great! Lmk how you like CIT.

@buhrochem

5 ай бұрын

​@alexisidro could you do one on BMO Alto?

It's not up to $250K insured. It's AT LEAST $250K. That's what they advertise.

@alexisidro

9 күн бұрын

FDIC says up to (per account per owner). AMEX says at least. Just depends how you look at it. Bottom line: you have $250K insurance per account per owner.

If you get Amex Checking that's 1 APY on top of 4.35 Savings equal 5.35 APY good for regular customers

@alexisidro

6 ай бұрын

That’s great! Is that a current offer? I didn’t see it on their website.

@robertm8380

6 ай бұрын

@@alexisidro I got Amex Checking I don't have direct deposit. They emailed me to remind me to make a deposit each month or they close the account. It had 1 APY logo next to the reminder.

@mikecumbo7531

6 ай бұрын

I think you have the math wrong. The checking account is 1%, the savings account is 4.35%. They don’t add together.

@alexisidro

6 ай бұрын

Thank you for the clarification!

@josephmgomez3921

5 ай бұрын

Correct@@mikecumbo7531

Thank you

@alexisidro

2 ай бұрын

Glad to help! What did you like best about AMEX?