Quick notes for new investors: 1. *NEVER* use an "advisor" you find in a youtube comment thread (including all the ones you'll find below). 2. If you just walk into a bank to talk to someone about investments, they'll likely be more sales agents than genuine advisors, trying to sell you the bank's (possibly expensive) products. 3. Deep dive The Plain Bagel's videos, and the other channels he sometimes lists (e.g. Ben Felix) to pick up a bunch of great tips, learn how it all works, and things to watch out for and avoid (like your buddy telling you to jump on the latest fad). This can all be confusing, but it doesn't have to be complicated. Good luck!

@peikheirman4671

3 жыл бұрын

Absolutely !

@CalSticks

3 жыл бұрын

Bot-tacular comment

@Hyperpandas

3 жыл бұрын

Oof, and just to remove confusion, the posts that *appear* to be from The Plain Bagel aren't. It's a scammer bot, and the real Bagel has even made a video about it.

@mrwrapper

3 жыл бұрын

Better to ask a wealthy friend / family member for a reference

@Hyperpandas

3 жыл бұрын

@Hally Cricket That's a lot of ten dollar words you crammed into your scammy advertisement for a dodgy investment advisor.....

Why have an Advisor when you can just invest everything to a Nigerian Prince who promised me hell give me 5% ROI per day converted to Gold 😂😂😂

@danadams6045

3 жыл бұрын

Pffffft, mine said he would pay me in bitcoin

@TooLateForIeago

3 жыл бұрын

I wonder what happened to His Majesty. Its been a long time. I hope he's well.

@Adomas_B

3 жыл бұрын

Mine said he will give me 10,000,000$ USD for a 100$ transaction fee. Still waiting, but I will have a huge return for investment

@Valyssi

2 жыл бұрын

Nigerian Princes are so early 2000s, TikTok eboys handing out crypto fin advice is where it's at now 😎

Tax management is a HUGE benefit of advisors. They know ways to reduce taxes you’ll never think of.

My friend is a financial advisor and he bragged to me about how they charge fees for things that people can/should be doing on their own. Broski literally went on for a while on how he makes bank playing with other people's money and there is no risk to him at all. I will never use a financial advisor because of this one person.

@zebedeesummers4413

2 жыл бұрын

some advisors put considerable funds matching what they suggest/do with their clients money. If they aren't either making more when I make more or having money in the same stocks it is a lot harder to have faith.

@devononair

Жыл бұрын

It's lucrative work if you can get it. A friend of mine fixes computer problems in people's homes. Sometimes they just need a new cable. He sometimes feels guilty about taking their money, but that's basically a microcosm of the entire economy works. I pay for a lawyer because I don't know how to represent myself: other people pay for financial advice or computer advice because they don't know how to do that.

@thedave1771

Жыл бұрын

Mechanics charge for things people “can/should” do on their own too. Same thing for computer repair services. And basically every service out there. Unless you have a disability you can learn how to accomplish literally everything in your life outside of select medical treatments, but you can’t learn all of them at the same time, or in one life. Personally I’d go to a mechanic every time because I want it done right, and my time is better spent doing other things. No shade to people who do this stuff themselves, that’s awesome. They might be the sort to pay someone to fix their computer which is cool too, even though that’s not something I’d ever do. This is why humans, as a species, are so successful: We don’t all need to know everything, instead we can trade for skills and knowledge of others. I’m a DIY investor, but, knowing one person that charges people for things their customers could do themselves is actually two stupid reasons to not get an advisor: 1. They know more than you, and actually know to so these things that people could do for themselves. Knowing the things to do is the first step in doing them, and actually doing them is the second, if people aren’t doing it themselves (for whatever reason) and if paying someone else to do it costs less than the benefit, what’s the problem? 2. The fact that you’re friends with an idiot doesn’t mean everyone in that profession is an idiot on too. You do you, obviously. I don’t have or use an advisor myself, but I’m comfortable with my knowledge at this point. That will change in the future, assuming things go well.

@KusogeMan

7 ай бұрын

you can also fix your sink by yourself

Honest, genuine and unbiased. Love your content and I eagerly wait every alternate Friday for your video to show up. Great job... Cheers!!!

I really like your content and appreciate your input a lot ! Thanks from EGYPT 🇪🇬

I have learned WAY MORE watching several professionals like Warren Buffet give their approach than ANY over eager advisor. Most importantly, You only need a few good stocks to do well. Index funds are a no brainer with minimal risk in the long run.

@jhutt8002

2 жыл бұрын

Index funds are only as good as the overall economy. Personally I'm too pessimistic and sceptical to keep my money in stock market very long in any form without close attention. I'm just waiting for the eurozone collapse, and trading stocks I find solid in the meantime, ready to jump out before the fires start.

@blathetube1597

2 жыл бұрын

@@jhutt8002 The end game depends on how long you have. If you've got decades until retirement you might as well jump in. I'm 57 and I have yet to hear an advisor get it right. Both seeing a fall or a rise.

@cherchehacknostale

2 жыл бұрын

@@jhutt8002 After every crash there is a boom. Markets never in their history stayed low but recovered after a few years.

@jhutt8002

2 жыл бұрын

@@cherchehacknostale True. But what's the point of dangling your money for months or years on an investments that are more likely to go down than up? That's what I've never understood about long run investing. If you sell, and turns out you we're wrong, at least you've won a little and If you are right; you win a lot more. And you can always buy back in when you assess things are coming out better. BUT if you don't sell and stock falls... That's lost profit you can bever get back AND you're just lost possibly years worth of time in stock. It's honest question. Why is that considered in any way as a smart strategy?

@rabidlorax1650

2 жыл бұрын

J Hutt if you are so confident a stock will fall you can sell call credit spreads or put debit spreads, and you will make a lot of money with very low risk. However, if you are wrong you will lose money. The truth is, holding is better unless you are a seasoned and skilled trader. There is a reason only 10% of traders outperform the market in the long term.

Thank you for Morning brew ! Great video !

I started out with a financial advisor but quickly decided to change the approach. My financial advisor was putting my money in mutual funds that were both expensive and had a mediocre history. I'm much better off now managing my own portfolio with a zero-fee broker.

@kirilmihaylov1934

3 жыл бұрын

But you need to know what you are doing ....

@FelipePereiraFP

3 жыл бұрын

@@kirilmihaylov1934 True!

@kirilmihaylov1934

3 жыл бұрын

@@FelipePereiraFP most people don't. What do you invest in

@FelipePereiraFP

3 жыл бұрын

@@kirilmihaylov1934 Mostly ETFs and index funds.

@godcomplexlynx

3 жыл бұрын

@@FelipePereiraFP all you need is Snp 500 lol put all your money in that and you're set

Amazing neutral video with honest perspectives and views. Highly appreciate this channel ♥️

Congrats on the sponsorship Richard!

Love this colored background btw, you can even experiment with new color combinations 😄

Two things you never should outsource: your love life and your wealth management. To both applies: start early in life, improve over time 😉

@jonathans7089

3 жыл бұрын

Not everyone is 18 years old with $1k to invest. People's financial complexity can increase over time to necessitate a financial advisor.

@87channels

3 жыл бұрын

@Kris Krohn bitconnect*

@leafinwind9945

3 жыл бұрын

@Kris Krohn go away scammer! you just sign up your youtube account today to scam people, right? Don't fall in his trap, people!

@rapsody230

3 жыл бұрын

@@leafinwind9945 Don't answer to them, just report them as unwanted commercial/spam and move on: they are bots not people.

The biggest benefit of an advisor is, when the market crashes, and you panic, and you call them to have them sell everything under management, they can say "wooooah, buddy, slow down" lol

I do both. I'm happy with my local advisor and I try my best using Fidelity.

Valuable advice, thank you 🙏🏽👍

I'm loving the increasing quality of this channel over time.

@saghwteam

3 жыл бұрын

Agreed.

Two other things to look out for when hiring a financial advisor: 1. Has the advisor faced disciplinary action by the authorities (previously been involved in a fraud)? 2. Does the adviser have a fiduciary duty solely towards you or is he/she protecting the interest of someone else? Lastly, don't be afraid to learn a thing or two about investing or finance, because knowledge is power!

Morning brew and plain bagel! What a combo!

Thank you for such great videos.

Excellent topic choice - be wary of advisors who make money from the investment they peddle instead of charging you for their 'advice'...

I assure you my magic 8-ball is all the advice I need.

LOVE Morning Brew, that's cool they sponsored you!

@davidcurameng

3 жыл бұрын

Agreed! Subscribe to Morning Brew as well! On brand for both!

@whatsgood123

3 жыл бұрын

Same! It’s my “morning news” lol

@buckyfanksy

3 жыл бұрын

I unsubscribed from them after promoting falss narrative that reddit is trying to squeeze silver. They constantly take politcal opinions anyway, its trash after a while you begin to see through the shambles

@BeardyMcBeardstein

3 жыл бұрын

@@buckyfanksy I try my best to seek out reasonably unbiased sources. I hope you're wrong, but in case your not, I'll be paying closer attention now. Thanks friend.

@buckyfanksy

3 жыл бұрын

@@BeardyMcBeardstein sure, pay more attention if they cater more to CNBC narratives rather than the consumer and truth

Thank you for this informative video!

Thank you for this video. This is not an easy choice to make at least for me personally; it’s an important decision.

This came in such an important time for me, thank you so much!

@rammani7170

3 жыл бұрын

I'm a miner...

@kirilmihaylov1934

3 жыл бұрын

@@rammani7170 what do you mine

@rammani7170

3 жыл бұрын

@@kirilmihaylov1934 Ohh that was a reply to a scammer acting like the content creator here.

@rammani7170

3 жыл бұрын

@Plain Bagel gee mister plain bagel what big teeth you have... hahaha

good background is back. Yaayyy

@marslogics

3 жыл бұрын

@Phi6er haha. correct

Well done mr. bagel

You are really good at explaining things. Can you explain in a video why rising bond rates are causing equities to fall?

Learn about investing as much as you can. Use an advisor for additional advice and suggestions but not blindly trust them to manage your portfolio as they see fit. I have received some very good advice from my advisor as well as some very bad ones.

I have a financial advisor through fidelity since 2016. I am up 82% in my portfolio. I am definitely ok with my 1% fee. 👍

@theamazingguy150

3 жыл бұрын

What did you invest in? Just asking out of curiosity.

@richard1113

3 жыл бұрын

I've been with Fidelity for my retirement account for many years. A couple years ago I seeked out advice from them and they wanted to pawn me off to someone outside. Then I'd have to pay the advisor and Fidelity for their kick back too. It all felt kinda sleezy. Was there a specific type of advisor or arrangement you got? I'd pay 1% for some good guidance but feel like more would be too much. And the advisor better be making way more than that 1%.

@qifridek

3 жыл бұрын

If you just invest in s&p500 with a fee of 0.06% or basically zero, you would have got 105%. And you paid 1% for 5 years so your 82% is 77%. That's a 28% difference. Your statement is the proof that going with an advisor is not recommended

@lombardo141

3 жыл бұрын

@@qifridek you missed the entire point of the video. Not everyone is capable of handling a portfolio. I am naturally a worrier and if i had access to my account I would have closed it down during the 2018 trade war crash and the pandemic crash. So I would have lost out on huge gains. They talked me off the ledge and am still here. So yeah that 1% is worth it. Also you have to understand that we humans are irrational and our brains evolved to avoid risk. I will bet $1000 that 95% of people in that situation would have sold. Theory works well on paper but practically it hardly works out has planned.

@lombardo141

3 жыл бұрын

@@theamazingguy150 all high growth mutual funds.

Two thoughts. (1) People watching this video are likely to be committed to educating themselves about investing, and therefore more likely to not seek out an adviser. Generally, people watching this video are probably not representative of the general public. (2) Once your financial affairs are more complex, I can see a lot of sense in seeking out a financial adviser. Not for stock picking, but more generally for broad asset allocation, transition to retirement, insurance, etc.

Awesome, we got the colored background again.

My strategy is having an advisor as a back-up plan while i invest most of my money myself. But choose this because i like to invest both as a hobby and as a financial strategy, and despite having only a half of year of real experience, i have pretty good results. I also studied stocks before actually investing in my free time.

@placeholderdoe

11 ай бұрын

Hope you’re doing well admist the stock market madness

With a small amount of self-education to understand diversification and risk, IMO you can get appropriate exposure with just a handful of ETFs/index funds.

Yes

You do this funny thing where you turn your head right and left on regular intervals

Great video! Maybe you can talk about what makes a good advisor

Love your videos! I've recommended you to so many people. Could you do a video on tracking Adjusted Cost Basis for etfs in non-registered accounts? I'm having trouble wrapping my head around what it is and why it is important.

@iangomes

3 жыл бұрын

@@eduardorosas-finanzasperso1505 This spam is so dumb.

Hello, Plain Bagel.I have question. Can you please make a video or share a link which explains the way how to recognize when STP broker acts as MM and when not?

Nice breakdown. Now that people are more aware of fees it's easier to make a smarter decision

That "sexy elevator music" nicely blends in 😄

NOW wait a minute, I just had to pause and comment. What do you mean chasing meme stocks is not enough? Bro, do you even YOLO? (just kidding, love your videos and how you manage to keep it fun AND educational). Also, cheers to the new member of the Bagel family!

I like this change

Don't pay someone for 'advice' only to have them sell you third-party products that have exorbitant fees. They tell you that they are 'incentivized' by your gains/success but have zero at risk. Financial advisors invest your money until it's all gone.

@jonathans7089

3 жыл бұрын

You don't know what you're taking about.

@bigmanbarry2299

3 жыл бұрын

@@jonathans7089 good refutation

@hellomate6079

3 жыл бұрын

Similar is the case with lawyers but there is no other way around in that case

@ariavachier-lagravech.6910

3 жыл бұрын

In UK it is now illegal for financial advisors to get commission from the third-party products. I don't know how the situation in other countries but that statement isn't true in UK at least.

@klank67

3 жыл бұрын

@@jonathans7089 I have spent 20 years in the business and am a CFA candidate. ..I'm pretty sure I know what I'm talking about.

Great video! Maybe this wouldn't work as a topic for a future video, but I'd be interested in hearing about smart beta sometime.

@malarimer

3 жыл бұрын

Can't believe yt can't stop this.

@rapsody230

3 жыл бұрын

@@malarimer really... its not that hard to filter bots spamming the SAME comment over and over, it probably one and a half a line of code.

Q's 1) can an advisor/account manager force through their actions the investor to take capital gains (e.g. rebalancing the portfolio, liquidating a position that is showing bad indicators)? 2) if ETFs/indexes are "safer investments" because they have historically had net positive value, isn't this a contradiction of the philosophy of "past performance is not an indicator of future performance" or "this is just too big to fail" 3) not even butter on the bagel?

Yes use multiple advisors :)

I'm not looking for someone to fish for me, but I could use an advisor that can teach me to fish. Is the "guidance and counseling" portion something that can be taken advantage of in isolation where I just pay them by the hour rather than them taking a percentage of my portfolio year over year? I might see a stock with sound fundamentals that is trading well below its intrinsic value and want a second educated opinion before committing significant funds or I might wish to refine my method for selling covered options. Can I get the assistance of a financial advisor for short term guidance like this?

@crimbleland

9 ай бұрын

I’ve wondered this as well

how am i risking my finances buying individual stocks? loosing everything is impressive unless youre leveraged or trading options right?

Dude be talking 'till his hands turned blue

Can you do another video of the "Investor Profile" series, maybe a shark from shark tank... Or a tech giant??

What are the options if I inherit or win a large amount and want to ‘invest and retire’?

My dad invested with an advisor who put his money into an oil pipeline that immediately tanked in value. Lost pretty much all of his savings and had to start over.

@zebedeesummers4413

2 жыл бұрын

did he keep his money in so he got some back when they climbed out of their slump?

I think the era of a financial advisor who will handle your relatively straightforward stock portfolio with minimal input from you is over. Target date retirement funds and roboadvisors have filled that role. Now a financial advisor needs to earn their keep by proactively managing complex situations, not doing the exact same thing a 3 fund portfolio does while costing me 95% less.

How do you learn to do it yourself ?

You don't need an advisor. We have the internet.

Unfortunately what I think is likely the best option is not available for most. One with incentives aligned, a 0/6/25 fee structure, but you have to be "sophisticated". I'll manage my own.

2:30 this 2% fee is from total networth or from the total profits?

If You Self Trade the extra Cost can be 300$ per Year Advisor gets paid 1% so if you have $30K you pay 300$ Per year so you can say if you have $60K then you pay 600$ so Pay Double the Self Trade cost in such moments the More money you have Invested the more you Pay the Advisor so be sure you change it if the Service (You Pay the Bank for bearly any extra work maby 2 Times Per Year a 1 Hour Talk about your Investments) is getting Expensive

I remember seeing a number before, people who has an advisor are more than 70%-130% (can't remember the exact) more successful in finances. Guess the key is to find a quality advisor

Not when your advisor dont even know what is ROI. And she is certificated as a legitimate financial advisor by the company and my government regulatory. I do a bit of self learning on investing before engage an advisor. And it stun me the level of competency as anyone to qualified as an advisor. Until now i do wish to find a "competent" financial advisor to manage my portfolio but the sad truth is that the market is flooded with incompetent advisor that only interested in their own commission. So is much better to do self financing despite the amount of self-learning.

This was a really well-balanced take, but I think it overlooked how HUGE the cost of a financial advisor can be over a lifetime. If you make market returns with an advisor who takes a 1 to 2% (or more) per year, the lifetime cost of that advisor for an average retirement saver can easily be $100k+ and if you live a long semi-prosperous life with 95th percentile wealth, maybe $500k+. When you think about numbers like that, compared to the amount of work it takes to learn how to manage and invest a passive or semi-passive portfolio, the answer is clear. This video really made it seem like it was a 50/50 argument, but in reality 95% of people are fully able to learn how to manage their finances appropriately in a few weekends with resources available online for free. For those with more complex financial situations, it might make sense, but those people are a minority. Anyways, love the channel and sorry I nitpicked this one to comment on

@cherchehacknostale

2 жыл бұрын

If you only invest 100k in one go with a 8% return and 2% fee for 25 years. Your 100 000 turned into 330k and the advisor just took 255 000 and deprived you of the 585k you could have done...

I never once had an advisor even when I first started but you best believe I researched my ass off, investing is a lot more in depth and intricate then I originally thought so imo you don’t have to but doing a lot of research and starting slow is a good way to start

WSB is the only advisors you need

This is nuts. Should I also give up my Dr., lawyer, accountant and realtor??

I didn't panic sell when the market plummeted during covid I was buying as much as I could., I don't need an advisor.

That small Dalbar Gap is a 2019 number, it ought to widen out when the 2020 number comes in a few months from now. The average investor does fine when the market rises all year, as in 2019.

Theres actually research that people that live off their portfilio should use more stocks than bonds

Can I get some cheese with my bagel!!

Speaking as a former financial advisor, best solution is to ask a friend that has expertise in investing. Someone that can give you advice without conflict of interest to sell you anything

Been reading the little book of common sense investing by john bogle. Even though he's anti actively managed funds and fund managers in general, he does say that a financial advisor may be helpful in things like tax efficiency and retirement advise which sounds fair

@vday16

3 жыл бұрын

@The Plain Bagel you scam bots are annoying as hell

I believe I was watching your latest video called ; should you wait to invest. It stopped playing and now it has disappeared from your channel. Any idea what’s going on?

@ThePlainBagel

3 жыл бұрын

Is it this one? kzread.info/dash/bejne/ZpuilqhqhtC6prA.html It's an older upload, but it's still there!

@rg7968

3 жыл бұрын

@@ThePlainBagel Thanks! By the way you are doing an amazing job. Wish I had access to your content 20 yrs ago. I learned a lot over the years but thru the school of hard knocks.. Nicer to just have coffee and bagel:). Really appreciate your channel. Glad younger generation has content like your to learn from. Automating with Index funds and dollar cost averaging is mostly what a person needs... set it and forget it . As well etfs have made life a lot simpler. Keep up the great content! Fellow Canadian.

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

Wasn't there a report that said 85% of hedge funds didn't outperform the S&P in one year and 92% didn't outperform the S&P over a decade?

How about a video on hedge funds? What do they do? How do they do it and why are they in the news so often?

@kopifighter

3 жыл бұрын

Agreed

@Excalibur2

3 жыл бұрын

Lately they're in the news because they take huge risks (with borrowed money) and then sometimes blow it. The GME thing was the first time they made such a huge bet and lost, so they lost billions and made many investors rich.

Buy Target????

The problem is that most people who need "expert" advice don't have the ability to identify the true experts from those who are just pretending they know what they're talking about, those who don't actually know anything, and those who don't know that they don't actually know anything.

is investing in ETF like investing with advisors?

@7:44 I always thought we only saw Mr. Bagel's shoulders, but in fact his body is in fact a limbless horizontal oval. He is quite short and stout.

I will never hire an advisor. Why would I pay for someone to tell me things I can look up and learn for myself?

Hay quá

Maybe it’s the skeptic in me but I always do my own research before taking someone else’s word. My dad always told me there’s nothing free in life lol

I'd put my money in the Plain Bagel hedge fund

As a CFP advisor in Canada (who watches all your videos) this is spot on!

I'm turned off to hedge fund managers.🤣

I don't wanna figure it out yet I have insanely high tolerance risk, so dumping money into s&p500 sounds fun to me

Do you have any recommendations for the best financial advisors other than just my bank?

@ThePlainBagel

3 жыл бұрын

Unfortunately no I don't recommend actual companies/professionals on the channel, but ask around! See who your parents, friends, relatives and more use, and research people online. I'm sure you'll find some great local professionals you can work with if that's the route you decide to take.

@Potato0t2

3 жыл бұрын

@@ThePlainBagel Hi Richard, unfortunately word-of-mouth is very hit and miss -- you're more likely to get a salesperson who is "nice" (or worse, someone who pushes their clients to refer friends and family) than someone who is good, unless your friends and family happen to be good at picking advisors. This is a surprisingly hard problem with no easy answer! It takes lot of background learning to be able to figure out what questions to ask of potential advisors (and evaluate the answers), and there's no one-size-fits-all answer. There are a tonne of articles on 'how to find an advisor/planner', and many of them contradict each other in some way (esp. on the word of mouth point), and I haven't yet come up with a better algorithm.

@samvidjhaveri634

3 жыл бұрын

Hey Pedro, I have my own account and I am also using a financial advisor. JazzWealth. If you want, just check out their KZread channel. I don't want to add anything so you don't get bias. Form your own choice.

@pedro.ataide

3 жыл бұрын

@@ThePlainBagel I totally understand the fact you don't feel comfortable referring anybody, especially because it could come across as a conflict of interest. However, I am not from America, so I don't have lots of friends and relatives that could help me out and trusting information on the internet is very tricky. Would you be kind enough to just point me in the right direction? Maybe some reliable articles or sources that would give me some solid options? I want to start investing, I just need some basic guidance to start. Thank you.

@ThePlainBagel

3 жыл бұрын

@@pedro.ataide I don't know anyone outside of Canada, but if your in a different country, I recommend you look into what your countries registration criteria are and see if there's a central database of all registered professionals. You could start there by finding a registered professional that's local to you. Hope this helps!

Can you make a video on Investing in India as it is one of the most capitalised markets.

@AbdulGoodLooks

3 жыл бұрын

I see the bots and scammers have invaded this reply thread

I wanna be a financial advisor but I don’t wanna screw people over, Ik I can use knowledge from these videos to help others who do not come across these videos

You did a video recently that actually highlighted another type of financial helper who has a legal responsibility to help you and not just sell you things, but I can't find it. What is the person called again?

@ThePlainBagel

3 жыл бұрын

I’m not sure the role specifically you’re referring to, but there are some professionals with an explicit “fiduciary duty” who legally must act in your best interest. In Canada, it’s the difference between someone being registered as an “advising representative” versus a “dealing representative” (ie salesperson). Many mutual fund reps are unfortunately the latter.

@BusterDarcy

3 жыл бұрын

@@ThePlainBagel that’s exactly what I was looking for, thank you! Yeah definitely don’t need to be sold any products. Just need to make sure I’m using my accounts properly now as money goes in and in retirement as it comes out, being tax efficient, all that good stuff.

Can we get a video about your educational background???

But if it was easy to blow your money on bad stock picks, wouldn't you be able to make money by shorting the stocks suggested? The easiest way to lose all your money is through fees and options, not with bad stock picks.

My advisor is WSB

I don't need an advisor I just have a bot that reads tweets and wallstreet bets

Basically, no free money here. Learn it, earn it.

My investment situation is that I can't tolerate losing any money, I need a return that after taxes keeps up with inflation, and I anticipate to need some or all of the money within 3 years. And in this market environment I'm convinced that this is impossible. "Risk free" returns don't keep up with inflation, even before taxes, and a three year time frame prohibits any investments that might go down in value. At this point, 3 year bonds offer about the same return of a "high yield" savings or money market account meaning that even if inflation is really "only" 2% over the next 3 years, that's a guaranteed loss of $1,700 for every $100,000 saved. What do I need to pay an investment advisor another $1,000 per 100k for? To offer me comfort that I'm being eaten alive?

@zebedeesummers4413

2 жыл бұрын

yeah 3 years is a very...very short term investment

Well I’m an idiot so I could probably benefit from an advisor, but I only make around 20k cdn a year and most of that goes to pay bills and groceries, so I’m probably not even worth their time. I’ve been thinking of investing in etherium think of it as like future programable money, it will take off eventually and is a staple of a tier I civilization. We’re currently at tier 0 bitcoin is now being treated more like a digital gold though the price fluctuates a lot.

Hmmmmm..... rebalancing is wise in a non tax advantaged account? 🤔

Solid video as always. I'm investing myself, half in a handful of ETF's, half in specific growth stocks.