Make sure to hit the subscribe button and thanks for watching! kzread.info

@arimah3956

6 жыл бұрын

Pretty cool vid! Once my finals are over I'll be checking out your channel more since I subscribed just now.

@stevet2892

6 жыл бұрын

+The Dave Ramsey Show Winner of a video, I been tryin to find out about "duplex investment tips" for a while now, and I think this has helped. Have you heard people talk about - Rondalyn Coinage Carnalite - (should be on google have a look ) ? Ive heard some super things about it and my mate got great results with it.

@edwalker9033

4 жыл бұрын

Can you make mutual investments through your bank

@jakeyatulbushra2412

4 жыл бұрын

What’s the minimum balance for investing on mutual fund in fidelity for beginners please

@johnschirloff836

3 жыл бұрын

Dave is PNC BANK a good bank to bank to bank with and would you reccommend PNC BANK????

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.

@StacieBMui

28 күн бұрын

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

@LiaStrings

28 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.

@StocksWolf752

28 күн бұрын

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

@LiaStrings

3 күн бұрын

I work with Sharon Lee Peoples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@ajaudehprincenwabuezestanl6063

Ай бұрын

@BrendaAskew That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@ajaudehprincenwabuezestanl6063

Ай бұрын

@BrendaAskew I will give this a look, thanks a bunch for sharing.

@Abelone-Alvilda

Ай бұрын

@@ajaudehprincenwabuezestanl6063 Victoria Carmen Santaella is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance...

@Gdotdot090

Ай бұрын

Might sound like a crazy idea, but if good happy retired life is what you really want, you could try moving to one of those “developing” countries in Asia or Africa. A reasonable country here will offer all the benefits of a developed world with a low cost of living. (And hope all stays good with your health. I guess medical bills are anyway crazy expensive in the US)

@yellowbasementrecords651

16 күн бұрын

I would say consider moving to an area with a low cost of living.

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

@PotBellyPete69

26 күн бұрын

It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.

@judynewsom1902

26 күн бұрын

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

@albacus2400BC

26 күн бұрын

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.

@judynewsom1902

26 күн бұрын

Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@DanielPanuzi

26 күн бұрын

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

"feel free to interrupt me" Dave doesn't let anyone interrupt him lol

@chulee3572

5 жыл бұрын

True 😊

@inniciwetrust2039

4 жыл бұрын

U have the best profile pic of all time

@tru3dialect

3 жыл бұрын

Reasonable doubt 🔥

@confirmhandle

3 жыл бұрын

Best thing for this guy is to shut up and listen 👂

@YeekTV_Atlanta

3 жыл бұрын

😂😂😂😂😂😂😂

whos here in 2020 in covid19 stock market crash and trying to get their finance degree off youtube and start making some stacks?

@lady7571

4 жыл бұрын

Iz Cozmic 😭😭😂😂👋

@shannonbrookeoneill2820

4 жыл бұрын

hahahah yup

@HC_8

4 жыл бұрын

o shoot that's me lol time to get this 💵💵

@shawnyrocks93

4 жыл бұрын

👋🏾👋🏾

@mmafox1018

4 жыл бұрын

This is the first "who's here" comment that I don't find obnoxious lol

I'm 21 and I have no idea what they're talking about.

@TheCornbeefsoup

5 жыл бұрын

I'm 23 and I know exactly what he's talking about. Just read and watch videos.

@silverdoggg

5 жыл бұрын

I am 36 and I have no clue of what they are talking about either but I am listening and learning

@rbscott21

5 жыл бұрын

The caller was asking if paying an up-front commission defined as a "load" was a bad thing compared to no load (no upfront commission). Dave explained that 5.75% is not necessarily bad, but you should do the math and compare the total cost of ownership over the anticipated holding period. If you change funds a lot, paying a 5.75% fee every time would not make sense. If you hold a A-share (commission to buy product) Mutual funds for a long time, the total cost of ownership will generally be lower than funds with no upfront commission but a higher management fee (he calls it a "maintenance fee"). Some fee only advisors assert that commission based funds are bad and unethical. They aren't as long as the advisor has shown you the other options including C shares or a managed portfolio. Just don't buy mutual funds and pay a management fee on top of it. That is really expensive.

@The3rdGunman

5 жыл бұрын

Broham, I'm 43 staring down the barrel of 44 and making up for lost time....Clueless.

@cinevile

5 жыл бұрын

go home and eat tide pods

Dave: You followin’ me?? Caller: ...yeeeeaaaa 👀

I get the impression the guy was lost throughout all of this minus basically get an advisor lol

@roxannegordon6162

4 жыл бұрын

"yeeaaaahhhh!"

@fredbeall6320

4 жыл бұрын

Oookkkkkaayyyyy

@napoleonsamad5245

3 жыл бұрын

🤣💀🤣💀🤣

@croweziec

2 жыл бұрын

The man was lost. He wasnt the only one.

@JandyAAA

2 жыл бұрын

@@croweziec I had to exit out the video becuase I wasnt understanding nothing either.

Omg Ramsay GREAT 👍 info super easy to understand and I don’t even speak English well but I did understand it thank YOU

More great info Dave. Thanks.

Really helpful, good video!

Great question Chad, thanks

Thank you Mr. Ramsey

Dave is great until you are out of debt and have enough money to invest. Then stop listening to him. The index funds have commissions at .1%-.3% and no up front commissions. Under no scenario would a 5.75% load fund beat that. On top of that, there's so much evidence that index funds are the much better way to invest than actively managed funds over the long run. Lots of research.

@Txcowboy80

7 жыл бұрын

my fellow boglehead.

@stemikger

7 жыл бұрын

Another Boglehead here.

@luisabiera

7 жыл бұрын

Adam P you are absolutely right. Dave's investing strategies and information are antiquated and mostly incorrect

@HeRacesTheSun

6 жыл бұрын

I'd like a thumbs up button that registers 1000 thumbs up, for a great & true comment like yours.

@dluff

6 жыл бұрын

Use ETFs

Ahhhh. Vanguard charges .09 of a percent per year. Stupid to pay anything more!!!

@corn_pop6082

6 жыл бұрын

Schwab charges even less, and you can start with $1.00, not $2,000 or $2,500 with Vanguard.

@jimhandler1129

3 жыл бұрын

VOO .03%

Mr. Dave, you deliver Value. Thank you!! I finally paid of my car and saved up $2000 and am ready to put it on mutual funds and also learning the ins and outs in Funance101 class on line.But I turn your you tube channel to understand it well if I don’t understand my text book. You break it down really well and clear my confusion. You are a great instructor in Finance. Thanks again for your service Sir! Subscribed!

Thank You!

This is great information. 👍

Invest in low-cost Index funds and stay the course. A good total market or S&P 500 Index fund + a good bond fund for your appropriate risk level is all you need, both with low fees. Vanguard comes to mind first. I like Dave's preaching about staying OUT of debt, because in general... Debt is bad. But if you're really interested in learning about the market and how it works, there's no shortage of amazing books out there that will help guide you on your journey to become wealthy. Dave Ramsey preaches a great message, but he's no Bogle or Buffett when it comes to the stock market...

@SombraLocs

7 жыл бұрын

Bonez1999 What books do you recommend? Top 5.

@Bonez1999

7 жыл бұрын

The Bogleheads Guide to Investing, The Simple Path to Wealth, A Random Walk Down Wall Street, The Millionaire Next Door, the Four Pillars of Investing.

@SombraLocs

7 жыл бұрын

Bonez1999 When I do invest, let's say an index funds. Where do I go? Is it something I can do on my own or do I need like an advisor?

@Bonez1999

7 жыл бұрын

You do NOT need an advisor. You just need to be educated. Educate yourself on investing and you will never need an advisor. You can invest on your own, look into Vanguard or Fidelity, all you need is some money to initially put down and using your new-found education invest in low cost index funds appropriate to your risk level and time horizon.

@manp1039

4 жыл бұрын

any examples of low-cost index funds? Any examples of good total market or S&P 500 Index fund and a good bond fund?

great question !!!

I agree! The things is the most important aspect is to just do it. Returns and expenses are factors but if we don't do anything then we don't get anything :)

Where can I learn more on the subject?

I love the sound advice always good to lisen too

@georgewashington938

4 жыл бұрын

that was not sound advice

Thank you Sir! God bless you. I’m learning bit by bit from your KZread. Very great full to have a person like you to help us all.

Dave. I listen to you on the radio every day. I've read all or most of your books. I heard you repeatedly say "Good Growth stock mutual funds can and will usually beat the Market or index it tracks" but I've never heard you name any of these funds. I appreciate everything you do sir. Me and my family have been blessed through your teachings for years now. Could you name some of these great growth funds you speak of? Thank you Dave. Your a blessing. Gable

@Ali-ws6mu

5 жыл бұрын

The SEC doesn’t allow unregistered persons to offer investment advice on specific securities and get paid for it, and because KZread or whatever pays Dave for these videos he would be breaking the law, so keep that in mind.

@reniehandler2595

4 жыл бұрын

@@Ali-ws6mu Couldn't he just say: These are the funds I personally invest in, I am not recommending this funds for you to invest in

@myfamilymemories5717

2 жыл бұрын

I've been looking for this answer as well

@helloitsmehb

Жыл бұрын

Because they don’t exist Index funds will beat them all over your investment life

@Missouriman99

4 ай бұрын

Look up the growth fund of America by capital group and it’s after fee returns compared to s&p 500

That was actually really useful! Thanks Dave & Chad!

Thank you 🙏 Dave for these videos. God Bless

Thank you.

Im interested but im lost 😖

@Sovnarkom

3 жыл бұрын

lol some mutual funds charge a fee upfront (sales load), some charge one on the exit (withdrawal fee/penalty) but they all charge an assets under management fee (0.04% of invested funds for example)

Dave is a marketing king he slides it in 1% is good to pay for managing you don’t need managing manage yourself instead of paying someone

@chief5981

2 ай бұрын

That’s really good advice.. for some people

Dave's investment advice is not for me. I rather listen to John Bogle and Warren Buffett.

@andreaknight6411

5 жыл бұрын

You should always research and compare different funds throughout the years. I have found funds similar to what Dave is talking about; Funds that outperform index funds, after accounting for expenses. It takes time and research to find such funds but they do exist. However, if you continue to invest in index funds you are still making sound investments choices and will make significant gains over time.

@PassRush49

3 жыл бұрын

You read my mind.

@waynesworld2938

3 жыл бұрын

Why are you listening then?

Another way they get you is no load up front but a percent when you want out. Then, you pay it on principal and growth.

I need to be on this show. My “situation” is completely different and I cannot find a similar pod cast. Recovery after the oil and gas debacle and my father’s Alzheimer’s. Poor decision making with age etc.

the maintenance fee on VOO is .04% lol thats 4 bucks on 10 grand

@1575murray

5 жыл бұрын

It's hard to do any better than that. I am a Vanguard customer myself and have been happy with their funds especially the low fees. I hate the idea of paying high fees charged by the bank/brokerage partnerships.

@r4rasa

Ай бұрын

It’s .03 now

Prefer low cost ETFs (exchanged traded funds), lower cost.

@kristaylor7119

4 жыл бұрын

John Galt Dough Kevin O’Leary is a hack

I wish he'd do more of these videos. The ignorance around investing is great

Dave god bless you. The world needs you

thanks to dave, and my dad raising me with the dave ramsey show on the radio i was taught never to even look into credit. cash is everything. i’m only 20 years old but i have no debt, no student loans, my truck is bought and paid for, so is my street bike. currently renting an apartment close to work and investing 12% of my monthly income spread across 3 mutual funds. i do lawn care so i don’t have a 401k or anything like that to prepare me for retirement so i’ve been extremely fortunate to have access to my dad, and dave ramsey and my man josh i got from smartvestors. i’m looking forward to the future man

@isaac1674

10 күн бұрын

How is everything going?

🤚 Question. At 6:26 Dave talks about how the fund with a commission up front might not be a good option if you want to move things around. But wasn't the fee just for the initial buy in? Also, what is stoping people from putting in the minimum amount (let's just say 3000), paying the 5 3/4% on it (561.8$) and then the next day putting the rest of you investment money? Thanks for the help!

I have a suspicion that Dave's financial advising business sells load mutual funds. I think load funds charge the up-front sales fee, plus an annual maintenance fee.

@justinacase2623

3 жыл бұрын

You are free to use whomever you like! But are they going to sit hours in front of you and explain stuff like Dave?

So helpful! Thank you. Could you make a video going into more detail about A, B, and C type mutual funds?

@misaelarredondo7933

2 жыл бұрын

Buy an SP500 index fund instead. Lots of research showing that they outperform mutual funds.

i am learning that forget mutual and do index..because of fees.

@georgewashington938

4 жыл бұрын

and the BIGGER reason is that index funds usually perform better than the actively managed funds. Remember that studies have been done that show chickens (yes, feathered animals) do better picking stocks than the average human professional broker.

@amgooder

2 ай бұрын

Your smart! High✋️!

I repositioned some of my dividend stocks using a broker. Now, I’m buying shares of TSLA, AMZN , AT&T, NVR again. I’m after dividends for passive income but it’s slow growth so now I’ll take my chances on growth stocks like SHLL, WKHS, PLNHF 1 From March I've been able to make a little above $400k.. I’m slowly buying fractional shares of BRK-A again...., I made other few rather modest investments in individual companies.... I'll keep stacking TSLA stocks..

@harleycartley3138

3 жыл бұрын

Great picks! katelyn, I'm happy to hear you talk about some of the positions I have in my portfolio

@serenewhopperman2924

3 жыл бұрын

I honestly find this difficult..I watch a few videos and follow then make a few picks and then the market has a different result on those picks and I get losses

@jerryscotfield6913

3 жыл бұрын

@@serenewhopperman2924 always expect rises and falls Natalie, most either on short or long term basis ..Stócks are being sold at great discounts so buy as much as you can and wait for the rebound.I myself made a few rather modest investments in individual companies though I use a full service broker , if you're in need her name is “Lucy Maria Koss" she's quite known ,you can search and connect with her on her website

@jerryscotfield6913

3 жыл бұрын

@@harleycartley3138 much appreciated

@enricopallazzo3244

3 жыл бұрын

Looking like a genius right about now. Well done sir.

Giving anyone 1-5% of your principal to shove your money somewhere is a waste. It's burglary.

@theboxer5

5 жыл бұрын

Why pay someone 1% to 5% upfront load fee when you can buy for no fee at Vanguard????

@mbekka1

5 жыл бұрын

Exactly lol

@RC-xy5eb

4 жыл бұрын

Moonwalker829 I totally agree. That’s what I do. Do you notice that most of the time index funds are not mentioned?!

@manp1039

4 жыл бұрын

@@theboxer5 Fidelity also offers load free funds too. I am still not clear on the no expense index fund options. I have seen some ETFs, but they too have some expenses, at least the ones i have looked at so far. Albiet the expenses were much lower than most mutual funds i saw. The ETF fund expenses I saw were approximated on average about .01%. The average mutal fund annual expenses were about .5-1.0%

@HarveyDog123

4 жыл бұрын

So - what do you think the “fee” is for someone investing on their own who may not have the expertise and tries to time the market, or moves assets because they can’t emotionally handle the turmoil of the market? I speak from experience - I spent many days in my 20s and 30s studying the market, reading every investing book I could get my hands on, and truly thought I was able to manage my investments myself. All it took was listening to some yahoo on CNN Money and allowing others to push my emotional investment buttons when the market was in a downturn. One wrong trade erased most of the growth I had gained over the previous 12 years. I’m here to tell you that a good advisor is worth everything, especially when it comes to planning for market downturns, cash flow in retirement, or just planning ahead and developing a strategy. If that means paying someone A-share loads or an advisory fee to help keep me from making huge mistakes, so be it. It’s money well spent IMO - I just wish I had been paying those fees a long time ago.

I have a fund that I paid up front on and also pay a maintenance fee too. Edward Jones. Hartford funds.

Loaded funds also carry maintenance fees. 5.75+1.00 > 1.00

My approach with mutual funds was having no less than the number of players starting a basketball team and not more than players on a baseball field. Then choose funds that cover large cap, small cap etc.

"....yeah....."

@Dreareoxo

4 жыл бұрын

Best comment on here

I need to take some mutual funds classes to learn all this.

Bigggggggggggggg Thanks for this info

Dave keep doing what you're doing! I'm learning a lot from your channel. God bless!

I was recently widowed I'm 60 and just learning about $. I'm using the life insurance to pay off my debt (baby steps 2) put six months expenses in a mutual fund and thats what scares me. I don't understand a lot of what they are talking about. I need a financial advisor I think.

Dave is not correct. You will pay a yearly expense ratio ON TOP OF paying for a front-load of 5.75%. So you could pay 5.75% up front, then pay 1% or more every year after that. Far better to stick with simple index funds. There have been a ton of academic studies that show that over time, most actively managed funds don't beat their index. Even Warren Buffett recommends them for the vast majority of investors, as do numerous other prominent investors. Fees and expense ratios do matter and can add up to tens of thousands of dollars over an investor's lifetime. Keep it simple.

@chrism9037

7 жыл бұрын

Numbskull? Ok. However, it is a fallacy that you would pay a lower expense ratio on a mutual fund with a front-end sales load. Go look up funds from companies such as JP Morgan, Morgan Stanley, Columbia (Ameriprise), etc. They generally have front end funds and expense ratios over 1%.

@chrism9037

7 жыл бұрын

Unless Jack Bogle, Warren Buffett, David Swenson, Burton Malkiel, etc, etc are all wrong, then I don't think I'm the one who is lost. There is no point in using a lower maintenance fee to prove his point if these lower maintenance fees (on front-end load funds) don't exist in the real world. There is zero reason to buy a fund with a front end load and a high ongoing expense ratio when so many no-load funds with low expense ratios exists. All they do is benefit brokers and salemen (I think Dave referred to them as a "coach" in the video) But in any case, have a nice day and enjoy investing in expensive mutual funds that eat away at your returns. I'll stick with Vanguard. With that, I'm out!

@MilanBroz

7 жыл бұрын

Sorry, English is not my first language but I think he did say what you said...

@coldfire39

7 жыл бұрын

I agree. The Vanguard Retirement fund I'm invested with has an expense ration of .16%. Pretty hard to beat that!

@mysticaltyger2009

7 жыл бұрын

It's theoretically possible that a load fund would charge a lower expense ratio. But in most cases, their expense ratios are higher than those of no-load funds, too. There are always a few exceptions, but not that many. Just having to pay a load/commission makes load funds not worth it.

There is also closed ended mutual funds that are bought and sold like stock on the exchanges. Things like ticker tape symb: SPY, an index fund that mimics the s&p 500 large cap companies which is actively traded like stock. If you buy into these with Schwab there is also no commission to buy or sell. If you are trading in an IRA account, then you can take profits regularly and pay no capital gains.

Which online brokers would you recommend for mutual funds investing for beginners??

Most fund managers can't beat the Index!

What’s Dave I’m ready to invest. What do you recommend?

How do I find a good broker; do you recommend any?

Good luck in investing if you're paying a 5.75% front-end load. Way better to buy index funds that beat 85-90% of professional investors in the long run.

Yeah...

Fees are a huge deal trust me.

0.06% annual fee s&p500 index fund with no up front cost will do me thanks

@Manatti06

4 жыл бұрын

.02 will also do better : )

Don't let fees stunt your growth

The kid is young and a beginner - he should’ve been pushed towards index funds (S&P 500) and told to hold the investment. I’d recommend vanguard VFIAX or VOO (etf)

@brotha1984

4 жыл бұрын

Yelp and collect those Dividends 🤑🤑🤑🤑🤑

@TJ-2067

4 жыл бұрын

I'm really new to investing, dont have a 401k or IRA... retired disabled vet. Where would I start to get these things set up if you dont mind me asking?

5.75% is the MAXIMUM load. Every company I know of gives breakpoint discounts. For example, a total household balance of $25K with American Funds "A" shares pays a load of 5.00%, whereas a household balance of $250K pays a load of 2.50%. The annual expense ratio is the same for either breakpoint. "C" shares don't have an up-front load, but have a higher expense ratio, so will cost more over time compared to their "A" share counterparts.

@Will-rolo8

3 жыл бұрын

You are correct. In November 2019 we paid 2% load (one-time in-processing fee) for American Funds “Class A” shares. Each of the four funds selected has a specific group of Fund Managers who research start up and existing companies to determine those deemed the best, most likely to be successful within their sector. Managed funds such as these typically produce higher returns than the S&P 500. Some days they don’t, but over months/years I’ve seen a greater return. At this point, peace of mind and results are evident. Market swings up and down are normal. Be well.

For the average investor, most financial advisors are rip offs. The problem with financial advisors is the same problem with mutual funds: the management fee kills any added value. In order for someone managing your money to be worthwhile, they have to be able to routinely beat the average market margin. And to be frank, only a few people in any given year can beat the market odds.

@joetyler835

4 жыл бұрын

so never invest in mutual funds you're saying?

@joelmatus9442

4 жыл бұрын

Would mutual funds just be a more advanced way of investing and index funds a beginners way?

@TheDpmvhs

3 жыл бұрын

@@joelmatus9442 Not necessarily. The real difference between the two is passive, cheap investing such as index funds and ETFs. they are great for younger investors. I own about 60% of my holdings this way. But a GOOD mutual fund isn't a bad way to go just because fees are higher. I am a 35 year old money manager and I use mutual funds such as MFEGX, FBSOX, OPGIX. You want a DIVERSIFIED holdings and if you are young you want to buy and hold. if you are older mutual funds may be more attractive because you are looking for protection, more so than growth and that can be trickier to find in ETFs.

Not all mutual funds have maintenance fees. Fidelity Zero funds have non and no sales or redemption fees..

So for the 5.75%, can I regularly buy additional shares? Like - invest another $5000 every few months?

So what is the difference with a fund's maintenance fee vs Expense fees?

*Awesome!!!! your potential seems limitless.* I have always been fascinated by investing, but without any knowledge on what’s best to invest in, I find it difficult to begin. *I ask politely, what’s the best sector to invest in?*

@emersonhoffmann2165

Жыл бұрын

I will suggest you get a financial advisor who will help you build strategic plans that will achieve your financial goals in a short period of time. I got help and also built a passive income working with a Financial Planner (Donald Nathan Scott). I’m happy with this decision, as it was the best for my finances.

@mitchellayla6803

Жыл бұрын

@@emersonhoffmann2165 I’m very interested and need to start now. If you don't mind how can I get in touch with your financial consultant?

@emersonhoffmann2165

Жыл бұрын

@@mitchellayla6803 I work with an Investment Analyst *(Donald Nathan Scott).* Quickly do an internet research with his full names as mentioned where you can easily get in touch and as well write him.

@lucasferari4515

Жыл бұрын

Glad I stumbled upon this, my wife and I invests with Donald. We knew how to make a living but never had any knowledge of how to grow our money. Thanks to Donald, we are living off our investment and happily retired with a good stream of income.

@CirrowProductions

Жыл бұрын

Scammers. Please delete these comments

Why not invest in ETFs that charge a fraction of a percent for an expense ratio?

yup

So the idea is to get a maintenance fee that’s less than 1%? Forgive me, I’m completely new to this.

I'm not seeing a single comment that agrees with Dave on this vid. Wow. And they are intelligent comments, not trolls.

@zviolinking

6 жыл бұрын

Brian Kitchens Because most people consider themselves experts with money. No one here is disputing his math though. I believe the research mentioned that it's a good idea to have a financial advisor. I have paid for loaded funds and fee accounts. You really don't feel either when they are assessed. Because your fund is properly diversified and growing. Dave's point has always been, put money in the account!

@brykit1972

6 жыл бұрын

Fees have a dramatic impact on your compounding. Pay as small a fee as you can.

@81easton

6 жыл бұрын

zviolinking the more money you put in some mutual funds the fees are eliminated all together. Put money in your account.

@firstname3255

6 жыл бұрын

Bryant Garvin Can you help me with researching that claim?

@chrisd6736

5 жыл бұрын

That’s because literally nothing he says is backed by any empirical evidence aka he is drinking the koolaid or just strait up biased because he is being funded by the mutual fund thieves.

So with mutual funds being supervised by a actual person who takes care of what to buy an sell and charging fees. And basically trying to predict the market which is told by warren buffett I believe and alot of other articles and books and other youtube videos. Wouldn't be a smarter idea to just invest in index funds that isn't managed by a person charging fees that matches the market such as the s&p 500? I have a 401k that I started with my employer and they mostly invest in mutual funds and I'm highly considering doing a rollover an investing somewhere else. Any thoughts or inputs?

How do you feel about option B mutual funds?

These calls are the best, teaching calls

A lot of these mutual funds have other various hidden fees. You can find them if you want to look through the 50 plus pages. Index funds are a much better way to go.

@andreaknight6411

5 жыл бұрын

You should always research and compare different funds throughout the years. I have found funds similar to what Dave is talking about. It takes time and research to find such funds but they do exist. However, if you continue to invest in index funds you are still making sound investments choices and will make significant gains over time.

My question is how do you find a trustworthy broker with a high success rate?

@aquafishsoup

6 жыл бұрын

Rossygrossy you can usually look up the price is right winners for that.

@clintonstone324

6 жыл бұрын

Do it yourself through either Vanguard, Fidelity or Charles Shwaub.

@johnp4871

6 жыл бұрын

I went on to Dave's website and put my email in for the smartvestor program. Google it.

@tc9634

5 жыл бұрын

You'll find a few in heaven.

Not all Fidelity funds are no-load.

Say you invest more money into the same mutual fund on the monthly basis. How is that additional money being added into your fund being charged over time ???? Anyone have the answer

@rbscott21

5 жыл бұрын

It depends on the share class and the fees associated with your decision. lots of questions need to be answered.

Yeah

If you just study trend following trading technique you don't need a fund manager

The only real advantage a mutual fund will have over an ETF is dollar cost averaging which is great in a 401(k) plan. The downside are the numerous fees associated with the funds. Those fees will add up quickly. There are better alternatives in a IRA account along with more choices. Some stocks will pay monthly dividends and there are high quality dividend paying stocks. There are no fees associated with stocks including commissions in a self directed account.

Buy and hold VTI and let Mr. Market work for you 😊😊

You should know that long term mutual funds rarely, talking less than 5% over 20 years will beat the market. Buy and hold cheap index funds, don’t time the market, don’t pay active managers to underperform. Simple, yet not easy.

I wish I’ve known about you in my 20s I’m in my late 30s now trying to catch the wave.

@moisesduarte6072

5 жыл бұрын

Deje Robi same bro!

read random walk down wall street for an eye opening look into market efficiency and how poorly professional brokers and stock pickers do

Sir, how does one "start a self-directed" IRA/401K when one invests in Options...and needs no "maintenance fees/advice?"

@AJohnson0325

3 жыл бұрын

I know in my roth IRA with fidelity I’d just have to do the application with them to do options in that account. However, there are pretty big limitations as to what I would be able to do with options.

Listening to Dave Ramsey will keep you broke over the long haul

@imrana3618

3 жыл бұрын

How so?

@TheOpinionSports

3 жыл бұрын

@@imrana3618 because his advice is good for the people who have really bad habits with finances but his advice is not gonna make anyone rich. If someone really wants to be financially free his advice won’t get you there. A 401k don’t make people financially free, if it did why are so many baby boomers still working part time or working longer before they retire??

@imrana3618

3 жыл бұрын

@@TheOpinionSports good point! So what in your opinion is the road to getting wealthy or achieve financial freedom?

@TheOpinionSports

3 жыл бұрын

@@imrana3618 well outside of investing someone needs to build a business where others are working for you or producing something you can override money wise. As far as where to park money the best place in my opinion is into an IUL.

@imrana3618

3 жыл бұрын

@@TheOpinionSports do you invest in mutual or index funds?

Fees seem to be very important. Unless it's a low cost index fund, then "fees never prevented anyone from getting rich". Hypocrisy? Or maybe there's a rational explanation.

Chad: OK!

average maintenance fee in Canada is 3% you guys got it good

@rbscott21

5 жыл бұрын

Move to the U.S.

this is not true information about a "maintenance fee". Mutual Funds have expenses. And those are deducted from inside the fund. It is not a charge to the share holder directly. And the expenses are to cover the cost of the money manager and promotional expesnes for the fund and other misc expenses.

Is maintenance fee the same as expense ratio?

@elmateo77

4 жыл бұрын

Expense ratio is the total of all the fees you pay on an investment (maintenance fee, management fee, 12b-1 fee, administrative fee etc). Some investments will have some or all of these fees listed separately, while others will just tell you the overall expense ratio and you can look deeper for the breakdown of each fee if you choose. Just make sure you're comparing apples to apples.

Mr money mustache.

I'll take a bunch of ETF's with expenses < 0.25%.

@rbscott21

5 жыл бұрын

Why not build your own portfolio and have no fees.

@manp1039

4 жыл бұрын

@eedd sdsd I agree. i think Ramsey is giving incorrect information. I have never seen any fees on a load free mutal fund. Inside of a fund there are expenses to cover cost of the money manager but I think those expenses are not a set percentage. The expenses cover the professional money manager and promotional expenses.. And on the funds i looked at, were usually on average about half a percent of net asset value for the year.

Dave is doing a great job in getting people out of debt, saving property etc. but he's just flat out wrong about mutual fund investing.

@81easton

6 жыл бұрын

Luis Abiera if he is wrong about mutual funds why do he have millions of dollars invested in numerous funds and have made millions from being invested in them?

@ricklyons6125

5 жыл бұрын

@@81easton because at his level ( dollar number amount ). you can make mediocre investments. and still come out winning. Because of basic volume

@81easton

5 жыл бұрын

Rick lyons everything takes time at any level. If you continue to invest you will be at a certain level to right? Invest more for a larger return

@elmateo77

4 жыл бұрын

@@81easton He made millions selling books about debt to poor people, he's not an investment professional.

@joeb1522

4 жыл бұрын

@@81easton In my view, it is well established knowledge that Dave's investment advice is not good. He focuses on what makes him money as far as commissions from ELPs. And he doesn't focus on what is best for his listeners. Examples include telling people to use mutual fees (with high fees), to use investment advisors (with very high fees), and to use real estate agents (with 6% fees). These can be good, but they aren't for everyone. And almost all people starting out with investing can just put it all in an S&P 500 index fund.

Great