What History Teaches Us About 401(k) Contributions Right Now
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If you have dividends returns, just let it go for years on. When low, buy it.
Yes that is the key. 401s are paper. Who sets the value?
DOGE
5:58 yo 6:03 yeah…they're called waffle house, burger King, Wendy's, Rally's burger, McDonald's, ..
Thanks for this video and also thanks to those who recommended Suzanne Stephens Ellis for her good works. You all have to know that making money digitally is the main key to survival now.
2020 "crash" I raised it to 25% and left it there since.
What does Dave recommend if you max your 401k and make too much to fund a Roth IRA?
Every millennial watching this: is Y2K a type of mutual fund?
And don’t forget to aggressively pay down your 2.5 fixed 30 year mortgage while you cap your retirement savings at 15 percent. Especially if you are in your early 20s
My dad said buy when it is low and sell when it is high. buy low sell high seems like most people do it the wrong way
Watching this in 2021, I didn’t pull out and I’m up 900k. We need lower cap gains.
Watching this a year later hoping she stayed on the roller coaster
No. Please sell your stocks to me at a discount.
Boy did this advice turn out to be right. When investing in your retirement account, just continue to contribute. Don't stop. Don't watch the news…just sock money away. You want these pullbacks. That just helps you buy stocks on sale.
I know this was a year ago, but Dave calling Nine-Eleven "Nine-One-One" was actually a little jarring.
I am from the future. This is good advise.
Needed this today.
Close out your 401k and let it all ride on Black 35!
If you have not lost anything until you sell then the same has to be true that you have not gained anything until you sell.
Also Dave will one day regret not saving as the next down turn things won’t come back just like that!
if the market is bad, it can only go up
Talk about loosing money, buy a new car….LOL!
Don’t sell, the fed will go brrr brrr brrr brrr
If they’re foreclosing you don’t take a dime out of the 401k. You file a chapter 13 bankruptcy and reorganize your debts in there which also stops the foreclosure.
Great video. That been said, I will proudly say that I count myself as one of the very successful stock traders you can find today, this is as a result of the amazing strategies of JULIANA GUNAWAN LEE in her Trading platform. I made my first millions from her platform and guess what? She is very honest and trustworthy. I finally got my financial freedom since I started trading with her. She's the only broker I can trust with my money.
Peter Lynch of Fidelity fame explains in his books how dropping more money in your investments when the market drops 10% or more will double your final balance from $3 million to $6 million. IIRc He assumes $1000 per year into S&P 500 plus $1000 each time the market drops 10%
Fastest selloff from all time highs, and fastest recovery from selloff in history…
Ive got guys at work that wanna stop putting money in there 401k while this stock sale is going on . I dont get it . i try to explain to them that this is actually a great time for the big picture
And now on June 4th, it has bounced back quite a bit.
Hey Dave did you sell after the 1929 market crash?
I haven’t lost my car keys until I look for them.
My God, I work two normal jobs one I put in 10% a week. That’s my main job. I also have a part time job. On top of those two I am self employed. But my main job I do security full time. I work as much overtime I can but normal 40 hours a week I earn $520 a week. After taxes and deductions it’s $222 a week. I am 42 years old. So if you can afford $15% good for you. I average between $1k to $1,400 a week in income but I work 7 days a week.
5-31-20
Never buy into turmoil
If there was a gauge on the dash if your car that showed you how much less that car was worth, you'd never own a car because how bad of an investment it was. Deep breaths everyone, you're fine.
unless your like diane Feinstein or the rest of those guys using insider trading selling day before sell off don't sell. and even then when it went down to 22k you put it all back in.