Awesome information! 😜 Thanks for having me on!

@PracticalPersonalFinance

3 жыл бұрын

Haha I’m pinning this comment for visibility!!

@jj2389

2 жыл бұрын

Hello Andy and thank you for sharing information regarding mutual funds. Who can I reach in regards to investing in mutual funds?

@RetirementPlanningEducation

2 жыл бұрын

@@jj2389 How to go about finding the right advisor for you and your needs is unfortunately not an easy or simple answer. But I did a three-part video series that discusses all you need to know, and where to go to search for someone who's the right fit for you: kzread.info/dash/bejne/eKpnpaOkhJe3kZs.html

Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.

@cowell621

10 күн бұрын

It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points

@Wellerpage

10 күн бұрын

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

@LiaStrings

10 күн бұрын

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

@Wellerpage

10 күн бұрын

Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@lolitashaniel2342

8 күн бұрын

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

Investing in mutual funds provides a structured and diversified strategy for wealth building, managed by professional fund managers. Despite the associated costs and certain limitations, the advantages of diversification, expert management, and accessibility make mutual funds a favored option for attaining various financial objectives.

@cowell621

18 күн бұрын

ADBE, VWINX and FSPGX are all still good buy, but what do I know I’m not a financial advisor lol

@LiaStrings

18 күн бұрын

Exactly, I used to doubt the value of a financial advisor until my wife's company assigned her an investment adviser in 2020. Honestly, it’s been the best financial decision I’ve made. It helped tremendously; I went from barely making any profit to having a well-diversified portfolio that has grown significantly, with gains exceeding $850k.

@FarrahBaker467

18 күн бұрын

I’ve been worried sick about the current state of my portfolio, who is your advisor?

@LiaStrings

18 күн бұрын

Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@lolitashaniel2342

Күн бұрын

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

@ThomasWilliam-sw8ms

9 ай бұрын

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

@user-vk8vu4li2x

9 ай бұрын

@@ThomasWilliam-sw8ms Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

@ThomasWilliam-sw8ms

9 ай бұрын

@@user-vk8vu4li2x Who’s the person guiding you

@user-vk8vu4li2x

9 ай бұрын

@@ThomasWilliam-sw8ms credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up

@ThomasWilliam-sw8ms

9 ай бұрын

@@user-vk8vu4li2x Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.

One of the first times I didn't want to have a breakdown hearing folks talk about investments. Thank you!

Excellent video! I know a lot more about mutual funds now. I seriously didn’t even know what a mutual fund was.. thanks!

I’m studying for the series 6 licensing exam and this made understanding mutual funds finally click. THANK YOU for making this video

I've been investing for over 40 years. This is an outstanding explainer of mutual funds.

@PracticalPersonalFinance

2 жыл бұрын

Thank you!!! Andy is such a great resource.

@notfatjustoverweighted9714

2 жыл бұрын

Then wht are you doing on this video?

Thank you for this video! It is so easy to follow for anyone who wants to get into investing and doesn’t know where to start.

Thank you for this. I’m just starting my research into understanding investing.

First time I hear someone explaining financial terms is layman's term. Thank you so much

And this is why I’ll never have money. I can’t even understand a “for beginners” video! 😩😆🤣

@slightlyworking4

Жыл бұрын

Not your fault if you went to public school 😭😭 just keep trying breaking down by pieces instead of trying to digest the whole subject.

@Jupiter_Crash

Жыл бұрын

Glean what you can. Take notes on terms and concepts you don’t know yet and then research those. Then you should rewatch this video. It will build your foundation and allow you to digest more. You’ll get fast over time.

@sisindisegoodmanngaka5261

Жыл бұрын

😂😂😂

@loveligon7760

Жыл бұрын

💀☠️🤣🤣😂😂😂

@Mr.Everythang

Жыл бұрын

Thats not why its because you don't believe you're capable of of obtaining a significant amount of cash

Easiest explanation I’ve heard hands down

Thanks for the video really informative

Appreciate your efforts

Great breakdown of mutual funds! Both of these gentleman are outstanding financial wisdom givers.

@PracticalPersonalFinance

3 жыл бұрын

I truly appreciate that David!!

How do you read Mutual Fund “statement sheets”? Please do a video on this.

Thank you so much for this video! Like another viewer stated, this video was not overwhelming. It was done methodically with the straight forward questions asked by the creator! Thanks again for educating us!

@PracticalPersonalFinance

2 жыл бұрын

Hi Richel, I truly appreciate you watching and leaving such a nice comment!! It's not everyday someone recognizes the person asking the questions, and I definitely planned them out very carefully. I'm happy you got some new knowledge!

@nana820able

2 жыл бұрын

Thank you. I've researched this extensively and haven't found any managed mutual fund that didn't charge yearly management fees. I expect to pay for their expertise but I want to know those fees prior to signing up. Thanks again!

Wow very in depth video! Very useful information about mutual funds

@PracticalPersonalFinance

3 жыл бұрын

Appreciate that Daniel!

Great information

Very informative!

Solid breakdown bro!!

@PracticalPersonalFinance

3 жыл бұрын

Appreciate it!

Thanks!

@PracticalPersonalFinance

2 жыл бұрын

Glad it was helpful!!

What i do is invest into stocks and other financial assets online but stocks is most effective for high profits monthly thanks to my fiduciary

@denise9242

Жыл бұрын

How can I also generate profits, do you mind showing me your fiduciary

@olivia4182

Жыл бұрын

I know Mr Ravies, although not personally but he manages my sister’s investments as her fiduciary, she speaks highly of his expertise

Hey, thanks for taking time to put this together for beginners. I have one question, do we get to have a transparency level of our fund investment from the manager, to know where exactly our money is going into ?

@PracticalPersonalFinance

2 жыл бұрын

Hey Karthik, thanks for watching and for this awesome question! Sorry it took me a little while to reply. Mutual funds have something called a propsectus, which is a document that details the fund's objectives, risks, fees, and expenses. Seems like this could be what you're searching for!

@alrocky

2 жыл бұрын

@ *Karthik* Have you discovered satisfactory answer or still looking for pertinent information about prospective mutual/index fund investments?

great video

Thanks for info it was helpful. How do you sell mutual funds? How do you choose lots to sell. Unlike stock what am I selling? Selling 1st lots is t that selling it all? So confused.

I freakin love you guys... my life is about change forever

@PracticalPersonalFinance

3 жыл бұрын

Get it!!! :D

I'm a father of two who bought a house last year. For me, it was a major turning point! In addition to feeling the effects of the economic downturn, I'm lucky enough to enjoy a respectable monthly income from wise investments that I've made. I have therefore meticulously prepared for my retirement following my children's graduation from college.

Can we do sip or lumsum investment in mutual fund?

@PracticalPersonalFinance

3 жыл бұрын

Great question! You can invest in mutual funds either way, little by little or all at once. Personally, I would do it little by little rather than in one lump sum payment, just in case the market takes a dive shortly after I invest.

is a high expense ratio good or bad?

@PracticalPersonalFinance

2 жыл бұрын

High expense ratios are bad! You want the expense ratio to be as low as possible.

@SluwVosjeh

2 жыл бұрын

@@PracticalPersonalFinance ok thx

I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to fire movement.

@mayornevzorin4883

3 жыл бұрын

Great job with your husband! I bet you’re living your best life right now.

@mayornevzorin4883

3 жыл бұрын

I’m a young dad, I’m really glad to hear your story it inspires me. What’s FIRE movement please.?

@kidijatesfay2010

3 жыл бұрын

@@mayornevzorin4883 FIRE means Financial Independence Retire Early . It’s been a movement teaching people financial independent and how to retire debt free through solid investment and frugal lifestyle.

@mayornevzorin4883

3 жыл бұрын

@@kidijatesfay2010 Thanks for replying I will read more about the FIRE movement.

@paigegarcia6266

3 жыл бұрын

@@kidijatesfay2010 Your story is inspiring. I’m 38 trying to achieve this goal you achieved. Share some tips please so others can actually learn.

A family member recommended a broker they have used for years and like so I've discussed buying Mutual Funds through him. He told me the buy in will be 3% upfront which he gets paid 1% out of that. I asked about a yearly management fee and he told me there isn't a yearly fee. Once I pay the one fee I'll never be charged anymore fees for a managed Fund. Is that correct? Everything I've read talks about additional fees.

@PracticalPersonalFinance

2 жыл бұрын

Hey there, thanks for watching and thanks for the great question! Every manager and every fund is different, so what he's telling you may be correct. However, he may only be referring to his piece of the pie as a financial adviser. There's a whole other layer here that you need to consider. Whatever mutual funds your advisor selects and purchases shares of on your behalf will almost certainly have fees attached to them. They might be a "no-load" fund, meaning you're not charged a percentage for buying and selling shares, but managed mutual funds all have annual expenses (many of which are considered marketing expenses and paid out to financial advisors who recommend the fund to their clients) and those expenses will eat away at your annual returns. The only way to learn about those expenses is to ask to see the prospectus for the individual managed fund. That will provide you with all the numbers.

@alrocky

2 жыл бұрын

@ *nana* Your family may have inadvertently given you costly advice. That 3% upfront and his 1% is a pretty penny you could have avoided and there may be additional costs that salesman did not disclose. What is the name and 5 letter ticker of that mutual fund he sold to you?

@nana820able

2 жыл бұрын

@@alrocky I decided not to go with him. All the research I did told me he was mistaken about the fees.

@alrocky

2 жыл бұрын

@@nana820able Good to hear and good for you!

So how do you make money?

@m4line

8 ай бұрын

same way you do through any type of stock trading

8:10

Don’t do it’s because there is a lot of fees that people get their hands on ur money it’s a big gamble and not worth it just get a Tax free savings account!

Small cap is less than $25 MILLION, not $25 BILLION

Dave Ramsey

Buy at lowest price possible, sell in 20 years

Some how this guy looks like Ryan Gosling(The Big Short Look)

@PracticalPersonalFinance

2 жыл бұрын

I don't disagree!

@ictgetheard

2 жыл бұрын

He look like dude from Wayne’s world more then him

Very informative!

@PracticalPersonalFinance

3 жыл бұрын

Glad it was helpful!