I am at crossroads in my "investment journey", planning to put 150K into dividend stocks so that I will be making up to 30% per year in dividend returns....Any advice or particulars?

@Lewyn298

Күн бұрын

Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.

@sommersalt88

Күн бұрын

you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment

@Curbalnk

Күн бұрын

True. I’ve been investing in the stock market for 11 years now, last 5 years with the help of a financial advisor. Through this period of advisory support alone, I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly 85% ROI as of today. My best so far...

@greekbarrios

Күн бұрын

@curbalnk I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

@Curbalnk

Күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Kristin Amber Landis” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

This needs to have way more views

@plumbingHVAC_sports

21 күн бұрын

It will

@MrCleanOC

21 күн бұрын

You can watch it multiple times

@jack7240

21 күн бұрын

True

@mynthproject

21 күн бұрын

Problem is no one cares about David he is clueless

@lamborghinimiki

17 күн бұрын

Don’t sweat it

Wow!! Could listen to these conversations for hours. Everybody is gentle, calm, professional, nobody interrupting, great questions (not one of those "gotcha" ones). Very rare these days...

Love this! Older & Newer…Dave & Andrei…both icons! 🙌🏼🙌🏼

@dontsweatitpod

21 күн бұрын

Thank you! You're too kind! -AJ

I wish Andrei understood the concept of safe withdrawal rates so he could properly discuss the withdrawal rate reasons with Dave.

@aarg2609

12 күн бұрын

🤦‍♂️🤦‍♂️ andre just wanted to hit the bullet points.

@funtechu

12 күн бұрын

@@aarg2609 Right, why bring it up if you are not prepared to discuss it?

Epic Interview

This was a long time coming!! Great interview!!

Love it congratulation for meeting uncle Dave .

What a great interview! It reminds me of why I liked Dave the first time I heard him on the radio. Excellent questions and great attitude by all parties. Thank you.

@dontsweatitpod

21 күн бұрын

Thank you! Dave was very kind in person and I tend to agree with a lot of his points - AJ

So much wisdom in this episode. Thanks guys!

Nice interview Gents, probably the best one yet!

@dontsweatitpod

21 күн бұрын

Glad you enjoyed it!

Fun fun chat. I'm glad you got to do this Andrei! I'm just thinking back on the retirement and withdrawal rate stuff. I have a many number of years to go but I feel like a 4% withdrawal rate will be fine and more than enough most of the time by the time I retire. Like, if my house is paid off, kids are grown, I wont have high expenses on average every month, I could live of pretty small amount and plus like like $10k for vacations and whatever small emergencies or something (gonna have the emergency still anyway). so say I have $1,000,000 at 4% that's $40K. I couldnt see my monthly expenses being much more than like $2-2.5K a month. I could be totally wrong by the time I get there or maybe I save way more, living a fancier life style. lol It is just so weird to think about.

Amazing Andrej.. Like this podcasts.. especially this one.. deep and many lessons.. Keep up.. 👍

Fantastic interview!!! 👏🏾👏🏾👏🏾👏🏾👏🏾

Fantastic interview with one of the most influential money experts of our time. However…his opinions on Bitcoin are coming from a foundation of ignorance. For instance, Dave completely ignored your point about the halving. He doesn’t understand the concept of stock to flow. The 21 million ceiling doesn’t matter to him, even as a contrast to the unlimited fiat supply. He ignored BTC’s basic fundamentals. He criticizes it without understanding a single Satoshi. He also ignored its 14 year track record, and then completely botched up the definitions of investing and speculation. Because ALL investing is speculation, by default. Whether you were investing in your small business, a mutual fund, or a piece of real estate to buy and hold onto long-term. It all involves risk, and historical price action does not guarantee future results. It is all speculative. He’s making up his own definitions to fit his own narrative. He is the epitome of someone criticizing something they know nothing about, even when you try to teach them. It’s called willful ignorance.

@NiceOneZebra

21 күн бұрын

Yeah, he really is ignorant about it. Most smart people are still ignorant about Bitcoin. Let them be. It’s early. He calls Bitcoiners greedy. Bitcoin is built on honesty. Dave foundation is built on the worst shitcoin ever, the USD.

@dontsweatitpod

21 күн бұрын

I like to think Dave is MUCH wiser in life than I am, and I don't want to belittle his intelligence on Bitcoin, even though I think he's wrong. He can afford to be wrong on it and I didn't press too hard to correct him because at the end of the day - he's right about being worried for people who invest their life savings into crypto thinking it's the solution. It could be... but it could also turn out wrong. No one knows for sure, and you have to diversify and be responsible. I don't disagree with him on that. -AJ

@HC-sb1ru

5 күн бұрын

@@dontsweatitpod "He can afford to be wrong on it" way too many bitcoin maxis can't grasp this concept. Some risks are not worth taking and for Dave the history of Bitcoin had risk he wasn't willing to accept. The BTC zealots will stay mad about it forever.

Love the interview Great topics

Andrei is asking all the questions everyone else was too afraid to ask!

Thank you for the goat advice and information.

Awesome interview.

Waited for this for so many years -Jikh follower

@sashaleG1

21 күн бұрын

Same. Same vibes.

Andrei....great vid! I am a huge Dave fan and listen to him and follow his philosophy. I haven't had a credit card for prob 25 years!! I am also a crypto guy...he says you can only buy crypto with money that you can afford to set on your kitchen table and set it on fire...if it doesn't cause you any harm...then you can use that money for crypto...that is kinda how I do it. But I disagree with him on it over all...but you can't buy it when you have other investment needs and bills, etc. But love your work...keep up the good work and thanks for the Dave vid as I love him and his crew!

he finally got to do the thing, congrats & great episode! Been following your mock interviews since you started doing them (:

@light0000

22 күн бұрын

Ikr😂 I've been waiting for this for several years now. Huge gratz to Jikh

wow. one hell of an interview. it's refreshing to hear both viewpoints on certain things like Bitcoin. And the questions you asked him were spot on. I love the candle vs cake mentality at the end.

Same old shit. Dave talking about how great he is and how much money he has. Oh but I forgot, it’s not his money it’s gods money…..

fantastic interview

Dave is great. I really like his perspective on life.

Taxes & Inflation keep you from financial freedom. You have to learn to invest, not just have a professional invest your money. You have to be alert, learn and do for yourself. No one is more concerned with your money than you.

@TeslaonFSDNYC

20 күн бұрын

Learning part is key to success and limiting your blind spots.

I love how Andrei can finally provide a FOIL to Dave, even if they'll never be able to convince each other of the other's perspective.

Great show

great video! but the title is so clickbaity. Where did you confront him in the whole video?

Loved this episode

Dave is so old school and I gotta love his integrity. My "investment" thesis is more in line with Andrei's though.

I love Dave Ramsey saying he built his building with cash!!! True flex! Thanks for the interview

Great job

awesome!

Love Dave! Thru his courses we gained the financial education we never had in our mid late 20s. 20 years later we still use almost all the tools and are way better off financially because of it. It works if you work it, before you alter it master the basics as taught for 5-7 years. It’s habitual for us now.

I’ve never seen someone challenge Dave Ramsey like this awesome work

I am that guy who put my money into speculative assets instead of paying of my debt & my student loans, for a time. Then with the 2021 bull run I paid off all my debt, including all my student loans and bought a business. Now I am doing very well and happy. If I had taken advice such as Dave offers, I'd still be in debt and wage-slave. Since then I stopped trading crypto and other speculative stocks have a more passive investing style. I would never suggest to do what I did, because I am no genius, I just got very very lucky.

❤❤❤

I love that abundance mentality. I have found that to be true as well. I've heard so many people complain that they can't make it in life because of ________________ when reality is just be the best at what you know and you will do amazingly well in your space. You can make excuses or you can just keep improving at what you do until you are successful yourself.

By definition how many years is a long term track record? Or how long does something have to have history to base something off of said history?

@amireallythatgrumpy6508

20 күн бұрын

25

The main issue with his withdrawal rate is that he’s saying he gets a 12% return. No one in retirement has 100% equities to get that type of return

@basseon

21 күн бұрын

Exactly. But when you're rich like him, you can have a gigantic sum in equity that will produce 8% and more ROI. It's also crazy to think that it's easy to make 12% ROI with a mutual fund.

@StarcloneSCR

18 күн бұрын

Dave recommends that people have 100% equities even after retirement.

@freedomring3022

17 күн бұрын

he addresses this in the video. stop beating a dead horse and do what serves you best which is what he says

The fact that Andre Jikh says that 'he doesn't;'t have a lot of money' when the guy is clearly a multi-millionaire just shows how out of touch some people get when they make money.

@amireallythatgrumpy6508

19 күн бұрын

Compared to the prerson he's talking to, he doesn't have a lot of money.

@davidpaterson7142

18 күн бұрын

@@amireallythatgrumpy6508 that’s exactly my point! Just because someone has more than you doesn’t mean you are any less rich! Andre still has A LOT of money by any measure!

@amireallythatgrumpy6508

18 күн бұрын

@@davidpaterson7142 Not by any measure. Only by some measures. The perms "rich" and "poor" are relative and not clearly defined.

@davidpaterson7142

18 күн бұрын

@@amireallythatgrumpy6508 Unfortunately you seemed to have missed the point!

@amireallythatgrumpy6508

15 күн бұрын

@@davidpaterson7142 False. I have pointed out the only relevant point here.

Would be interesting to know if Dave really believes inflation has averaged ~ 4%. That is the official number the government gives us but it’s pretty obviously much higher than that, making most of his 11% ROI just nominal returns that aren’t really increasing overall purchasing power. If you measure the stock market in terms of gold, they’ve returned 0% over the last 30 years. The “returns” are deceptive and really just retaining your purchasing power.

@amireallythatgrumpy6508

21 күн бұрын

Inflation was practically zero for the first two decades of this century dude.

@spencerhaness

Күн бұрын

@@amireallythatgrumpy6508 your looking at CPI which quite obviously misleading and underestimated. I’m looking at m2 supply increases YoY which average 8-12%.

Finally 😅

I'm just leaving a "bitcorn" here for the algorythm, nice magic trick at the end I bet it's the first time for Dave lol

Dave is wrong about the 10% withdrawal rate. Its been shown time and time again you'll run out of money during retirement.

@amireallythatgrumpy6508

9 күн бұрын

Yes. He's 9% too high.

Andrei with showing off to Dave Ramsey (and anyone else) his portfolio!! Amazing!! He was impressed and that's hard to do. 😂

Why does this guy look like Graham Stephan?

@enderariq

17 күн бұрын

He's the discount version

im only here for the card magic trick! where do i need to stop the Video?

Never trust a guy that believes in fairytales with your finance

What's a rocket surgeon?

I love DR and his advices except when it comes to housing. At least not 100%

@keyring86

21 күн бұрын

What about it do you disagree with?

@bryan_witha_whyy

19 күн бұрын

Most of his advice is terribly outdated.

✌🏽💯

I'll be honest. This is a show. The young blood & the seasoned vet. Every week these guys talk about this week's news in the market. Capture such a huge audience that both sides can learn from.

@kippsguitar6539

22 күн бұрын

Oh no, it was an educated young man and an old total con.man who has been fooling the uneducated

@oggyoggy1299

21 күн бұрын

Are you being honest?

Beans and 🍚

3:56 bro is copeing so hard 😂😂 Ramsey getting COOKED

@freedomring3022

17 күн бұрын

at no point was Ramsey "cooked" in this video

Talking about yourself in the third person is concerning

It was really quite obvious that Dave has done little to no research on Bitcoin and yet insists that investing in it is a bad idea. To boot, he was completely unwilling to listen to anything you said about the topic. Your patience was amazing though. Keep at it Andrei!

I’m so confused! I thought I watched this? But it was Ina different channel!😅

I will gladly accept your bitcoin on Dave’s behalf. :) I’ve sold equipment in my business to be able to purchase more bitcoin based assets, so I have skin in he game, and will happily accept your generous gift. I believe bitcoin will change the future of many peoples lives that see it now. When countries are getting in on it and is not just some thing that has no history, it has 15 years of history and basically no issues. It’s better than gold or stocks and will continue to go up in value for probably the next 50+ years. Saw the short version of this interview look forward to watching the whole thing! Awesome job!!

@amireallythatgrumpy6508

16 күн бұрын

It will not exist in 50 years.

@BO-dc4xg

15 күн бұрын

@@amireallythatgrumpy6508 I believe you are probably right because the new millennium will probably be here by then. (…millions of people disappear (rapture, anytime now but only God knows), endtimes start sometime after that (7 year peace treaty), world is basically almost completely destroyed by end of 7 years (Jesus comes back just in time), Jesus resets the world and the remaining living humans repopulate for 1000 years while Jesus rules. Those who disappeared help run the world with Jesus or just chill in heaven?:) Blessings

I guess Dave knows Willis Johnson.

I respect Dave, however I think that he gives religion way to much credit where it's not deserved!

Never thought I'd see this. Haha

dave and the ramsey solution have helped more people than anyone one walking the earth rn

Dave: debt burns calories Me: *signs up to lose 10 pounds with a 39% $1,000 loan

Tell the average person to save money and get out of debt while the rich live off debt and pay no taxes. How does that make sense? 😑

Dave be watching your troll 🤣🤣🤣

Why did he make his disbelief on BTC something personal? He doesn’t need to buy it, but refusing a free one just to prove a point is so immature.

The reason "Money is not like cake it's more like candles" is because we left the gold standard 50 years ago, and we are now seeing the collapse and consequences of trying to turn cake into candles.

Pay off your home with 4% over 30 year loan?

Dave owns some Bitcoin

Dude how does this video get

he's so wishy washy with his 8% withdrawal rate. i don't think he knows what he means. seem like he could meaning to take out that years return minus 4% to account for inflation. so 10% return and you withdraw 6% of your portfolio that year. of course that system creates a crazy volatile income for retirees that is not feasible. will often have zero income for the year. maybe even negative income depending on what you do when the return is less than 4% in any years. you contribute back into the portfolio? he's too stubborn to admit he's wrong and now just talks around the subject and now backsteps more saying "i don't care what assumptions you make". he knows he's wrong and the interviewer knows he wrong but does not push or mention sequence of returns out of embarrassment. probably why he hosts the interviewer in his studio. less likely to call someone out properly in their home so to speak.

If Dave not friend…. then why friend shaped?? #Beansandrice #betterthanIdeserve😂😂

Fixed principal and interest doesn’t increase on a mortgage but taxes and insurance does DAVE

@amireallythatgrumpy6508

10 күн бұрын

Those are not part of the mortgage. Those are SEPARATE payments dude

@MrJules409

9 күн бұрын

@@amireallythatgrumpy6508 most people have it rolled in together. It’s called an escrow

@MrJules409

9 күн бұрын

Also that’s what most people end up not being able to afford

@amireallythatgrumpy6508

9 күн бұрын

@@MrJules409 No, it's called an e-screw because that's how you get screwed. Dumbest arrangement possible.

Dave's advice offers a practical approach to navigating the challenges of homeownership in today's market. Taking the time to plan, choosing a career path wisely, and avoiding overextending financially are key steps toward achieving long-term financial stability and homeownership goals. 🏡

@bryan_witha_whyy

19 күн бұрын

Too bad his advice doesn’t work for most people in America today. Advice that isn’t actionable isn’t good advice no matter how many times you say it.

@10:00 Oy. There is Dave being stupid and acting like sequence of return risk doesn't exist. But ok, Dave, the market has averaged 11% but it rarely does 11%. It is either over or under. Get a decade, like 2000 to 2010, with you taking out money in a flat market and your retirement is DOA @10:32 No Dave, people are calling you out because of SEQUENCE OF RETURNS risk. You can retire on $1,080,000 and take out 8%, your number, first year and then inflation adjust it going forward. So after the first year let's say the market has a 15% correction and inflation was 3.5%. Your account is now down to $850,000 and you need to take out $80K * 1.035 = $82,800 taking your account balance down to $767,000. With inflation your next withdrawal will need to be $82.8K * 1.035 = $85,698. You'd have to make about 12% that year just to end with the same $767K that you started with. But ok, Dave thinks 'average' represents the returns each year, or a very close range of, rather than a large range around the average. According to Portfolio Visualizer, you'll have to search it as some channels delete comments with links, if you retired in 2000 and took out 8% and adjusted for inflation with an SP500 index fund, you ran out of money in Dec 2009. If you retired at the 2007 market peak, right before the correction started and then into the financial crisis, your $1,000,000 ran out by Dec 2021. If you were lucky enough to retire at the financial market crash at the bottom so everything was rosey, Feb 2009, you would have done quite well and you'd have about $4.26 million dollars today. If you retired in 1993 right before the bull run of the 90's really got going you'd be slightly ahead in absolute dollars, but not when you adjust for inflation. Your account in absolute dollars would be $1.497 million today, but those inflation adjusted withdrawals that started off at $80K in 1993 will eat that up toot-sweet. Anyhow, your purchasing power of $1,000,000 in 1993 when you retired is now down to $683,600 today. The fund that he is almost certainly talking about is the Investment Company of America (a mutual fund from American Funds). And even that fund, with that 12.2% average STILL requires you to retired at the right time or you run out of money. The ticker is AIVSX. Anyone should also test that one with Portfolio Visualizer and see how many times you can fail following Dave's advice. So, I guess you just need the luck of retiring right at a market bottom before a HUGE bull run.

If you listen to Dave suggestion, you will be working like slave your whole life, good luck, to who ever watch this till the end.

@light0000

22 күн бұрын

Who do you suggest to listen to?

@amireallythatgrumpy6508

22 күн бұрын

Most people will be whether they listen to him or not.

@kippsguitar6539

22 күн бұрын

Absolutely

@devinmeckley5498

17 күн бұрын

You can't come to this conclusion about Ramsey by just watching this video. You have to read his books or listen to his content to fully understand. You don't work like a slave your whole life. You work like a slave to pay off consumer debt and student loans. After that, you are just intentional with your money.

rocket surgeon. ;)

The case for Bitcoin has been proven in history for decades and centuries. The hardest money always wins wins.

@amireallythatgrumpy6508

6 күн бұрын

Then why is Bitcoin the softest money of all?

Dave doesn't get that credit cards are great because when your card gets hacked it's 2 click fix. Your debit gets hacked your fucked. You have to file a police report etc

Bitcoin is the anti-inflationary bank. It’s an asset that will rise because of more people using it over time because it will protect you against inflation.

@amireallythatgrumpy6508

14 күн бұрын

There's nothing in the universe that can protect you from inflation. Nothing is anti-inflationary.

He in fact does not understand Bitcoin. Confirmed.

@amireallythatgrumpy6508

12 күн бұрын

Nobody does.

He always talks about his mutual fund making 12% for 80+ years but has not once ever said what that mutual fund is lol "They're amazing employees. They work like animals." Lol

@OveranalyzingEverything

14 күн бұрын

Because that would technically be officially financial advice. These KZread videos are not that

Loved it!

Wish i never got into crypto. Blockfi and FTX rekt me. And dividend stocks make your taxes go up.

How is this the don't sweat it podcast...? Come on Andre, I’m sure you could not resist the opportunity for the interview with this Cooke that you've talked about being a cooke, but seriously!

Bitcoin has been around since the Great Recession with a 15-year history of continuous growth. At what point does it stop becoming speculation? 30 years from now? 40 years? The opportunity to hold any has passed by then, because it's deflationary.

@amireallythatgrumpy6508

16 күн бұрын

It cannot be deflationary. If it exists, it's inflationary.

10% safe withdrawal rate has under 5% success rate. This guy gives financial advice?

@OveranalyzingEverything

14 күн бұрын

Did you watch the video? He kinda says every situation is different. If you only get 7% growth one year, you don't take 10% then but adjust. Isn't that common sense. Those are all averages. Doesn't mean exactly 10% every single year no matter what

Do you think Bitcoin will go to $1 million dollars someday? 10:05 😂

I'm not a stupid boomer as he proves he's a stupid boomer.

@amireallythatgrumpy6508

21 күн бұрын

He proves that he's smarter than 99% of Americans

Both fell off ---/ Jk I'm stoked

My DEI score will most likely deny you the truth of YOUR reality!! Our Patents sold us out $

Finally, a good guest. You don't need the other guy/host. He doesn't contribute anything worthwhile.

Dave Ramsey is the Kmart of financial planning.

@bryan_witha_whyy

19 күн бұрын

That’s an insult to Kmart. He tells people how to pay off their bills. After that it’s just opinions.

@freedomring3022

17 күн бұрын

he's worth a billion. you are not nor ever will be

@bryan_witha_whyy

17 күн бұрын

@@freedomring3022 And? You can be an awful human being who made his money off the backs of the uneducated and still be incredibly wealthy

@freedomring3022

17 күн бұрын

@@bryan_witha_whyy so you are saying Dave Ramsey is an awful human being? that's a clown level argument. You may not like his advice, but being an awful human being he is not.

@bryan_witha_whyy

17 күн бұрын

@@freedomring3022 He fired a lady for getting pregnant…then made fun of her…so yes. While it was okay for his token black guy to have affairs.

And many more reasons Dave is soooo out of touch with reality and likes to just flex over and over and over.

how to make yourself superfluent.. his days are over.

@amireallythatgrumpy6508

19 күн бұрын

Not for another 20 years

@BrunoJennrich

18 күн бұрын

@@amireallythatgrumpy6508 i strongly disagree. his recipies (aka believing in inflation) wont work anymore. he rtrades time against worthless inflationary money. and this wont work. even for another five years.

@amireallythatgrumpy6508

18 күн бұрын

@@BrunoJennrich I bet you were saying that in 2008. It still works. Everything is inflationary dude. Being inflationary is a necessary condition to exist when it comes to money.

@BrunoJennrich

18 күн бұрын

@@amireallythatgrumpy6508 hahahaaa... try to read a book. besides mmt and keynes

Dave is somewhat disconnected from reality. Thinking that's it's easy to make 12% ROI with mutual funds or ETFs is crazy. If you follow Dave's advice, you either work like a slave and have not life, or you work in the rare fields that can make you a millionaire like real estate. Not everyone can be in real estate, or start a business, or be a surgeon, or an engineer. If everyone followed his advice, there would be no world to enjoy around us. That's a big problem with rich people, and faith. They think they deserve it, when very often, they became rich on the back of society and had luck.

@FastSloW-qt8xf

21 күн бұрын

Wrong. Everyone can do all those things. Everyone don't though. People don't like being uncomfortable. That's what work and sacrifice is. Uncomfortable

@basseon

21 күн бұрын

@@FastSloW-qt8xf Not everyone can do the things I mentioned, that's just a stupid claim from your part. Plus like I said, if everyone did this there would be no world to enjoy. Get a grip on reality.

The top 3 crypto are pretty solid investments i would say, they are past pure speculation right now