Where Should You Invest Your Money During High Inflation?
Take Your Finances to the Next Level ➡️ Subscribe now:
Download FREE Financial Resources from the show ➡️
Sign up for the Financial Order of Operations course ➡️
Download The Money Guy Net Worth Tool ➡️
Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info ➡️
Facebook:
Instagram:
Twitter:
TikTok:
Let’s make sure you’re on the path to financial success – then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!
We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on YouTube and your favorite podcast app. Thanks for coming along on the journey with us….(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Starting early is the best way of getting ahead to build wealth, investing remains a priority.
Did I retire too young? I'm 47 and retired last year. I was making 300k with OT. My base salary was 140k. My pension is 118k and is only taxed federally. My wife makes 130k and has a 80k pension coming to her in 3 years. We own 2 multifamily homes worth 2.8 million combined that generate 90k gross rent income a year. NO mortgage on either property. We clear 48k a year from the rent after ALL expenses in both properties including utilities, taxes, water, cable, maintenance etc. I have 1.1 million gross in my 457 plans and 350k in mutual funds and 160k in cash savings. I bank 50k to 70k a year. My wife has a 550k in a fixed no risk TDA with guaranteed interest of 7.2% a year. She had 60k in cash savings. My wife banks 4k a month. I bank 4k to 6k a month after paying for cruises, dinners, food shopping, gas, etc. We have NO debt. Aside from savings, I still invest 6k in Roth till my wife retires. After she retires, I still plan on investing in mutual funds in addition to savings In essence I am saving for retirement even though I am retired. WHY AM I SO WORRIED about inflation? Why do I feel like I retired too early? I was taking home 12-15k a month from working but with tons of OT (i was never home) . My normal take home pay was about 8k. I now take home 8k from pension. Should have I stayed working? I was in law enforcement. I just think of how much more I could have amassed if I kept up the OT for another yr or two.
In 2008/9, I graduated with my undergrad, and decided to pursue my master's with a loan rather than the sliver of a college fund I had left. Years later, that sliver grew by 2x as the market recovered and eventually became the seed money for own kids' college funds that I contribute to today. It's a just a case study on how leaving things alone, having faith in the market when you don't need the money right now, rather than panicking and pulling it out to exacerbate the negative effects of a worldwide sell off, paid off. Could I have pulled it out and put it into Bitcoin? Sure, and I'd probably have much more money than leaving it where it was. But that's a gamble and world is full of people who gamble and lose, and a few people who gamble and win, then puff their chests on social media like they're some sort of oracle. The only thing that's not a gamble with investing is counting on the market to grow overall and having diversified investments that have a near 100% chance to mirror that trend to varying degrees.
While bitcoin's wild <price movements might seem random, they are often driven by the same fundamental catalysts as in the traditional markets. Some claim bitcoin is impervious to shocks that affect global finance; it's a hedge against things like inflation and a sure bet against tides of uncertainty. Moves within traditional finance can boost or burn bitcoin's price because they determine how easy it is for financial epicenters like Wall Street to invest in bitcoin…Keeping all this in mind, it is important to trade with the right strategy when going into the crypto world. Madison Callaway has been doing a great job reviewing all chart, trade and techniques on <BTC which has enhance the growth of my port folio to 11BTC lately……
Diversification is key. For all investors, especially anyone who’s getting close to retirement, rising rate environments need to be handled with care the stock markets react in unexpected way during rising interest rates.
The trick of going through a depression is keeping your job so that you could actually continue investing. Unemployment peaked at 25%, so it was no trivial trick to pull off.
I am lucky investing bitcoin a month ago… I survive from Inflation…
Audio people: nobody has told Bo that his mike sounds terrible? So distracting. The old setup sounded more natural.
1:47 what case study?
A Roth IRA question. Is there any employer sponsored retirement that would disqualify a person from opening a Roth IRA? Old fashion pension or teacher retirement.
Land isn't a bad idea. Grandparents bought 40+40 acre plots next to each other in the early 1970s for 3.5k+4k each plot in Northern WI. They were around 8-10K each by 1980. No maintenance and grandpa hunted on it. Also, if things got 1930s bad you have a plot of land you can farm and hunt on.
What about Citi announcing multiple rate hikes of 50 basis points through the year? Average rate for 30 yr mortgage is 4.625 and expected to be over 7% by 2023.
MBB Etf hit a 10 year low yesterday and the Fed hasn't even started unloading their positions.
$AMC or $GME is lifeboat
Thank You Guys so much! Been watching since I was 23 now I’m 27 and it has really set me up for success. If you ever need an example for the podcast, please reach out! Thanks for all the knowledge.
Berkshire Hathaway, set it and forget it