36 Burst results for "Mutual Funds"

Fresh update on "mutual funds" discussed on Financial Issues with Dan Celia

Financial Issues with Dan Celia

00:48 sec | 7 hrs ago

Fresh update on "mutual funds" discussed on Financial Issues with Dan Celia

"Company 25 years ago started mutual funds that were not going to support abortion and the other things that are destroying the moral fiber of America. You can diversify your portfolio in one place. Timothy's CTS are amazing. Check out Timothy at 808 46 75 26 808 46 75 26 financial issues After many, many months of meetings and conversations have finally come alongside a credit union institution that I can recommend that you work with Christian Community Credit Union Christian Community Credit union. They operate in all 50 states. And they are sold out for the things of God just like.

Timothy 25 Years Ago Christian Community Credit Uni America GOD One Place 808 46 75 26 808 46 75 26 50 States Issues
HACKS: How to Protect Your Investment Accounts

Clark Howard Show

01:52 min | Last week

HACKS: How to Protect Your Investment Accounts

"Do you know that the congress has never passed protections for consumers on hacks of your investment accounts so if your credit union account or bank account gets hacked and your money vanishes the banker. Credit union is legally required under law to restore your funds. Unless they have some reason to think it's an inside job but that law does not cover any of our investment or retirement accounts. And so it's where all the money really is now and you don't have legal protection. Some of the investment houses some of the brokerages have put out explicit policies. Where in writing they tell you that they protect you from fraud in your account or hacks but others have stayed silent or say a we we evaluate on a case by case basis whenever somebody says we evaluate our case by case basis. Let me tell you it's gonna be a really bad day for you if somebody gets into your money so let me tell you regardless of what a financial institutions policies are the key to you getting your money back if you get hacked is what steps were you taking before the hack took place so there are basically three rules. I want you to follow three rules. Rule number one. I want you to set up two factor. Authentication on any retirement account brokerage account investment account or mutual fund account

Credit Union Congress
Q&A - Should I Invest in Work Pension?

The Dave Ramsey Show

03:54 min | Last month

Q&A - Should I Invest in Work Pension?

"Michael's with us in wisconsin. I'm michael how are you dave again. Just a quick question for you. I we salute you. All about a year ago left my job and punching their concert system. It's a four one. Eight plan is about sixty thousand dollars in it. You know you always recommend to roll that over when you leave or personal. I'm wondering if i should do that in leaving that plan. You lose the employer contributions which is about fifty percent so that'd be thirty thousand dollars. I'm wondering what the best movies i let it. Sit and exit. When i'm able to and the eligible to what you've aged fifty or and thirty years old and Or do i take that out and take a loss. Bested the 401k planet year old company does not vast. You're matching until you're fifty. It's a four one. Is you know but that just means after taxes. All that means Yeh don't vast. you're matching true. Yes correct that's asinine okay And it's how much money sixty thousand. That's the match portion Thirty thousand monday's okay. And how what's it invested in. I truly did. Oh jeez i don't even know what the breakdown is. They are pretty limited on what you don't get to choose your investments in that plan. Yeah how old are you the ones in thirty. But you don't get to choose the investments in your plan. Negative a state okay. Here's what's running through my head and then you can decide what you wanna do your hold now again. Thirty thirty thirty years old okay. So for twenty years you either are going to have thirty thousand dollars. Sixty thousand dollars underperforming sucking sixty thousand. Or you're going to have thirty thousand performing well. Yeah in good mutual fund about you were gonna go and i don't know which one's going to end up with more money is the only way i said do. The thirty thousand will double if you've got it invested at ten percent if you re if your mutual funds perform a ten percent which they should i will double about every seven years and so it would double three times twenty years twenty one years so it would go from thirty to sixty two Okay i can do this. Wait a minute it'll go from Thirty to sixty two one. Twenty two to forty okay. That'll be you're thirty thousand double three times one. Two three tops. That's okay now sixty. Let's say it's making you ain't at cast. What the stupid things making. I would guess i. I've looked at the evidence over the course of the last say forty years parole together. I think i came out with like a southern eight percent average so seven percent. It'll double every ten years. Okay so sixty would be one twenty would be to forty. It's exactly the same. Yeah okay. you're thirty will grow to as much as that. Sixty will grow if you invest it at ten percent greater versus seven

Michael YEH Wisconsin Dave
Why Should You Care About Shadow Banking?

Money For the Rest of Us

02:12 min | 2 months ago

Why Should You Care About Shadow Banking?

"Shadow banking is something that i have spoken about specifically on the podcast. Although we have discussed numerous investments and other vehicles that are a form of shadow. Banking crypto currency lending is shadow banking investing in a money market mutual fund is shadow banking lending or borrowing on peer to peer lending platforms is shadow banking. There are many different types. In fact shadow banking makes up half of the global financial system according to the financial stability board. What exactly is shadow. Banking shadow banks are entities that perform some function of traditional banks. But they are much less regulated. They don't offer depository insurance in case they go bankrupt nor do the shadow banks maintain accounts at the central bank so they don't get access to central bank funding in its role as lender of last resort the financial stability board which is an international body that monitors and makes recommendations about the global financial system. It's made up of treasury and central bank officials around the world. They do an annual report on what they call nonbank financial intermediation and be f. I which is a fancy name for the obama in their most recent report. They pointed out that the nba fi sector shadow banks account for forty nine point five percent of the global financial system. That's at year end. Two thousand nineteen and it compares to forty two percent in two thousand eight shadow banks have a number of functions that they play in the economy. The first is as savings and investment vehicles and investment in a money market mutual fund. A topic that. We discussed in-depth in episode three thirty three. How the kovic shock nearly destroyed the financial system. that's an investment in shadow bank.

Financial Stability Board Treasury NBA Barack Obama Shadow Bank
Grow Yourself: Leadership Thought of the Day

Leadership Lifestyle Podcast

00:59 min | 2 months ago

Grow Yourself: Leadership Thought of the Day

"So what kind of an investor are you welcome. Today's leadership thought of the day brought to you. Lose your lifestyle podcasts. I'm not talking about your personal finances. i'm talking about. How do you invest in your team. There are several ways. You do that. You think about a savings account and a bank pays very low yield. You're not gonna get much out of it. So do you play it. Super-safe not really doing investing. What about mutual funds long-term diversified stocks. That give you good return over a long period of time or the hit and miss stocks where you might think it's hot stock or or even bitcoin. You know flavor of the day as far as investments. Go and the can't really invest in your team like that you really have to be purposeful. An think much longer term much more like a mutual stock. And when you do that day in day out. The trust builds teamwork builds. Everything comes back to moving the team forward. So today's leadership thought of the day brought by the leadership is now podcast. Grow yourself just a little bit more.

"mutual funds" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

03:21 min | 3 months ago

"mutual funds" Discussed on WSJ Your Money Briefing

"You want to get into the stock market. You can invest in individual companies but their stock prices can rise and fall in the blink of an eye so how about investing in a bundle of companies to spread out the risk. Jason zweig writes the intelligent investor column for the wall street journal jason. Thanks for taking the time to chat good to be with you chair so jason. We hear from all kinds of people making fast money with all these hot tech stocks. Like tesla or crypto currencies. You know things that generate fear of missing out mutual funds don't get a lot of headlines and yet they're an incredibly common investment. Why is that mutual funds still remain the best way to invest in your 401k. Or other retirement plan that might be sponsored by your employer. They're very convenient. They're generally reasonably cheap. It's a quick easy way to get diversification across lots of assets and for technical reasons other like etf's are rarely available in 401k's and other retirement plans while mutual funds are almost universally so just briefly. What does a mutual fund exactly. Well you could just think of a mutual fund as a bundle or basket or supermarket shopping cart full of lots of items and if it's a us stock mutual fund it will hold dozens sometimes hundreds maybe even thousands of us stocks if it's an international stock fund. It'll hold you know a very large number of stocks from other countries around the world. If it's a bond fund here will hold lots of loans issued by corporations or governments and it could also invest in other assets like commodities korngold you know it could invest in currencies it could invest in really any other kind of asset that is traded someplace in the world. All right so why did these mutual funds exist. What's the purpose of providing for someone's portfolio. The historical justification for mutual funds is that in the nineteen twenties. Really when they developed. They were a- cheaper more convenient way to get diversified. It used to be very very expensive in terms both of brokerage commissions and other costs for individual investors to put together a portfolio of many different stocks or bonds for that matter and mutual funds. Did it quite cheaply and conveniently now in today's world other options like etf's are often cheaper and It depends what kind of mutual fund. You're buying if you're buying an index fund that simply tracks are market average like say the s. and p. five hundred you can find index mutual funds. That are very very cheap. If you're buying so-called actively managed funds run by stock pickers. Were trying to better than the market. Mutual funds can be a lot more expensive than comparable. Etf and at that point you really have to be a You've got to be a price shopper..

Jason zweig jason hundreds dozens nineteen twenties today thousands of us stocks both korngold five hundred lots items street tesla
"mutual funds" Discussed on Trillions

Trillions

02:08 min | 3 months ago

"mutual funds" Discussed on Trillions

"There is nothing to my knowledge. There's nothing inherent about the operations or legal structure of 401k's keeping out of retirement plan so there was some questions in four one k. Plans and the reason. Ats aren't tend to be in the 401k. Air will besides the fact that you can get the institutional classes cheap. You don't need to intimidate trade. Your four one ks lose a lot of the superpowers into the four one k. That they have outside of it. That said one of the reasons i would assume is that if you have an. Etf in there and your drip drip drip you constantly paying spread where you wouldn't pay that with the mutual fund. Yeah well i think. I don't know that that's really that big of an issue there. There's i refer to those as carriage costs. So when you buy a mutual fund the carriage costs go to the entire fund that is to say the bid you put money. We need to fund a mutual deployed at european commission's. They're paying custody charges. They're paying the spread and everything. They're buying those cared costs which rightfully belonged to the person coming in writing shared by everybody in the fund. One of the benefits of eds. So the fact that the carriage cost is more visible in. Etf doesn't mean it's being a mutual fund the year point about the drip one of the the sort of psychological problems about etf versus mutual funds. Mutual funds are bought in dollars and ats bought shares. But that's not an impediment that can't be overcome. Yeah so i. If i can summarize you mutual funds are internalizing. Those costs the etf. It's externalize but you're paying it either way okay understood so that's interesting That really makes The the world much bigger. That could do this because we had said. Well it's probably going to be targeted but but then again we ask. People were pretty barest that anybody would do it now. You've got five or six lineup anyway. Interesting our lives are full of decisions. I play or skip all the market turn. Should i change jobs. What's the best school ken. My diet out the climate and what's a flexible.

five six european commission One ken four one ks one the reasons four one k. four
"mutual funds" Discussed on Trillions

Trillions

03:54 min | 3 months ago

"mutual funds" Discussed on Trillions

"But i talked to alex at length about it. We just decided to go forward and we. Fu phone calls with the sec. We push ahead and we just kept pushing that rock up the hill. I wanna ask about phone calls with the sec. But i also want to my colleague clarin and cleared help set the stage for us like i if the if they were the first ones how many more conversions are we likely to see in the days slash weeks slash months ahead. Well the big one that we know is coming. Up is dimensional fund advisors there convert converting quite a few of their mutual funds. That's gonna make them right out of the gate. Really big Etf issue or they've launched a couple of their own atf's separately but with these conversions. That's going to make them one of the largest etf issuers just from that and Outside of just that we've seen a couple of other smaller players file to convert their funds on one is cannabis fund. So it's an interesting trend that i think we're gonna see more and more and what stood out to you about the atkinson one like what was significant to you about it other than being i being i definitely and i remember last year. Hearing about this and just in the middle of a crazy pandemic year. I just remember Looking at this and having observed how much money mutual funds have been losing. And how much money. Etf's had been gaining. I remember my first thought was like whoa. Is this possible. This is a game changer. So it's it's a really interesting trend. I think just the fact that it's possible is is pretty notable. So jim i Curious about this idea of how to do it. Because when we first started talking about conversions. I think it was the guy from precision who brought up conversions on our podcast about a year and a half ago and he said some lawyers are talking about it. I put this out on twitter. Some people replied well. I i don't know if this can never happen because people need brokerage account all the sudden and it's tough to do that. What if it's in a 401k. Plan how did you work out those kinks out. The biggest kink was the the direct shareholders so most shareholders nowadays by her neutral funds brokerage firm. But there's still some people in the legacy shareholders that hold their shares direct. And you're correct. The traditional transfer agent system doesn't permit the holding of what what is essentially an equity security from an operational standpoint in. We had to do a little research to find the answer to this but we we came across a firm called american stock transfer and their corporate transfer agency. So the way it worked was we got close to the conversion we reached out to the shareholders who are direct and we said to them. We'd like you to transfer your shares to a brokerage firm Or exchange into another one of our funds and are least preferred option was for them to redeem most clients came back and said we want to transfer and and by that is a whole other process. We can talk about later but we knew we were going to get one hundred percent of our shareholders that were direct to transfer so we arrange for american stock transfer to step in and fill the gap so any shareholder that was on our records as a direct shareholder on the twenty sixth of march in these two funds transferred over to american stock transfer and its plan to get them to move off of their into a brokerage eventually down. Sort of a key breakthrough. We had to come across because that was the operational snag that we kept bobbing up against alex..

last year twitter twenty sixth of march one hundred percent first thought jim first a year and a half ago clarin alex first ones two funds atkinson one Etf american precision
"mutual funds" Discussed on Trillions

Trillions

02:57 min | 3 months ago

"mutual funds" Discussed on Trillions

"Trillions joe weber. Tunis eric's a couple of days ago. Something happened that has never happened in the history of ats. What was it was the first ever. Etf to convert from a mutual fund into an etf so If you're in this fund you would go to sleep one night with mutual fund and wake up with an etf all sequel and this was really monumental and the first one to do. It was guinness atkinson but there are a couple of others now lined up including a massive one from. Dfa could be about twenty six billion dollars and it's got a lot of people buzzing the there's a lot of talk about how this could start to really spread and really become the way as opposed to some other ways that the traditional mutual funds sort of comes over and it takes advantage of the etf structure in the benefits that that are in it while being able to keep the track record and start with some assets as opposed to try to make it on their own in the terror dome as a newborn which is hard. so this'll be a fascinating conversation and joining us From guinness atkinson funds. Jim atkinson as well as his lawyer. Alex albert stat. They were the two that helped bring these to market smart. Etf's dividend builder with the ticker dibbs and smart etf's asia pacific dividend builder tickets ad as well as at bloomberg news clear ballantyne. Who wrote that story. In march this time on brilliance converting from a mutual fund to jim alex woken trillions. Thanks so much for joining us. Thank you so. This just happened in march. How long ago did you start dreaming about. Leaving the mutual fund world for the f. world more than two years ago Maybe three four or five years ago. We started in earnest on this project. I think about two years ago. And what was the attraction well We met in the mutual fund business for a long time. We have some great funds. And we're noticing that the striking all the assets in you look at the flows you notice that mutual fund flows have been persistently negative and etf flows have been persistently positive. And you look around and you say well there's a reason for that s because eps for a better mousetrap an once you conclude that you start to say to yourself. I think we need to be in the ats. Space not that mutual fund space. We've doesn't raise funds. How do we convert these into. Atf's in it was a little discouraging. I is it never been done before. They're alive lobster goals..

Jim atkinson Alex albert jim alex march one night five years ago two first three first one two years ago about twenty six billion dolla four couple of days ago guinness atkinson about more than asia joe weber bloomberg news
Silly and Misleading Retirement Calculators

Optimal Finance Daily

04:55 min | 4 months ago

Silly and Misleading Retirement Calculators

"I think the main reason people seem amazed at the idea of retiring at age. Thirty forty or even fifty is the lack of real information on early retirement. In general if you type retirement calculator into a search engine these days and enter some stats about yourself. You will find some very strange assumptions. That are guiding you to think you need an absolute load of money to retire for example. I was once working through such a guide in a magazine from northern. Trust a bank that caters to the wealthy. It went something like this. Consider your goals for retirement. What life events do you need to be prepared for. The following table lists average cost children's and grandchildren's university education. A hundred thousand dollars per child children's and grandchildren's weddings twenty five thousand dollars. Assisted care facilities a hundred thousand dollars per year. Medical costs funeral arrangements. Twenty five thousand dollars trust funds for loved ones esteem and legacy planning and charitable foundations. 'wow looks like you're well into the millions before you even get to buy yourself some groceries. Another retirement calculator on cnn. Dot com has various parts to fill out dropdown boxes pre filled with hand values like retiring at age sixty five and needing seventy percent of your maximum pre retirement income constantly for the rest of your life. The drop down box with seventy percent in it did not even offer a value lower than forty percent. This percentage of income concept is one of the most anti mustache ones out there if you make two hundred thousand dollars per year just before retiring this experience. Corrupt you so much that you need a hundred and forty thousand dollars per year for the rest of your life or is it possible to maintain the same luxury standards of a person who has a merely comfortable income like forty thousand dollars per year. This goes back to the ideas of the get what you need posting. I made recently and that is why not go for maximum happiness rather than maximum consumption. I propose that maximum happiness is achieved at a spending level where you live in a comfortable space. Eat healthy foods and get to do lots of active and stimulating things with friends. That doesn't have to cost a hundred and forty thousand dollars per year or even fifty thousand dollars per year for most of us the other assumption they push on people is a very low rate of savings they assume you will less than the annual limit on 401k contributions. And don't say much about what to do if you save more than that which the high income person mentioned a few paragraphs ago could certainly do so these banks and mutual fund companies will continue to tell you that you need millions of dollars to retire because it benefits them for you to invest your money with them. Luckily it's a harmless bit of tom foolery since the saving benefits you as well but the disservice they do is in scaring people out of dreaming to save faster or to think about much shorter time horizons like tenures instead of just plain old age. Sixty five so. I'll give you a quick retirement calculator of my own adult couple with no kids or whose children are. Grown can live very comfortably on forty thousand dollars per year and retirement. My own family lives very comfortably with one child on somewhere. In the twenty seven thousand dollar range you can shoot higher or lower depending on what level of luxury water pursue twenty. Two eighty thousand dollars is a good absolute maximum sane range. But if you don't want to calculate everything out just go for forty thousand dollars and figure out how to make your savings produce that for you for a single person. It might be difficult to slice in half because you lose some benefits from sharing a house in car but you can come close to quick early retirement budgets number one in early retiree couple lives on thirty thousand dollars per year. Earning five thousand of that combined in part time luxurious post retirement careers. The remaining twenty five thousand dollars per year is generated by their savings. Six hundred and twenty five thousand dollars of total savings are required to generate this amount of passive income using the four percent rule number two an early retirees single person leaves on twenty five thousand dollars. Earning ten thousand dollars on his or her many career. Fifteen thousand dollars per year is required from savings which calls for a nest egg of about three hundred and seventy five thousand dollars. I'm working on some much more detailed and exciting sample budgets using real numbers for my own spending experiences before and after retirement

Tom Foolery CNN
Cathie Wood Making Stock Picking Popular

Odd Lots

04:50 min | 5 months ago

Cathie Wood Making Stock Picking Popular

"So tracy here's something that i never thought i would see again so i i started following markets in the late nineties The dot com era and something that i never thought i would see again in my career after that ended was the superstar fund manager. Okay why is that. Well the actually totally true. What i mean is more the superstar stock picker because of course back. In the old days there are a lot of like star stock stock pickers fund managers. You know Peter lynch comes to mind some of the other tech investors back then but these days with et fs with online brokerages that make it really easy for individuals to buy stocks on their own. It really sort of seemed to me like that era had gone bright so i suppose there was this idea that the time of stock picking has come and gone and that if you want to make returns in the market you should just poor all your money into something like an s. and p. five hundred. Etf like a vs tax or something like that and just stick with it and don't bother trying to outperform the market because over a longer period of time. Even the best stock pickers had eventually underperformed. Right i think this mantra of don't try to pick stocks. A if you try to pick stocks. You're probably going to underperform the index and be if you come across a mutual fund or a fund manager. Who's good at picking stocks. Oh it's probably just luck it's not going to last too. You know even if even if there is someone who can beat the market. How are you going to know whether it's actually worth putting your money with them until like this idea that everyone should just index Trying to beat the market is kind of a lose lose proposition. It's really been drilled into people's heads. And i think like you know for years. They're really we just haven't had a sort of another new peter lynch or buffet. There's star quantum maybe some bond fund managers who are known but the idea of like someone who is just really associated with a great track record of picking individual stocks. Hasn't been a thing for a while and yet and yet a star stock picker emerges over the horizon. Yeah executive obviously that really That for the first time in a long time there is currently a fund manager a stock picker who is a mess and incredible track record an incredible following. And of course. We're talking about kathy. Would she is the ceo and chief. Investment officer of arc invest and there is a total fascination with our and this family of actively traded. Etf a phenomenally well in terms of returns but also ex Attracted an extraordinary amount of investor cash in the last couple of years right so the arche t fs. I mean i'm looking at their performance. They have five different semantic portfolios alone. Ch- that have basically doubled over the past year. Which is pretty amazing if you think about it. It's amazing enough for just one stock to double in price like that in just the space of twelve months but to do it across multiple is really remarkable and i think within their actual portfolio. There's a tiny tiny number of stocks that haven't risen recently. And i'm not even sure there are any actually. It's a really amazing. Performance is really sure to actually. I'm looking at the end of twenty twenty for twenty twenty their performance of a r k. Which is the sort of flagship innovation. Etf that arc has was up one hundred fifty two percent for the year Extraordinary returns and if you look at the holdings they're just all of the companies that have absolutely killed it in the real environment. Tesla is the biggest one but other names square. The payments company phenomenal roku huge winner. Zillow spotify tele doc. Which of course had an incredible year. Thanks to the rise of rome medicine and so forth so it is a Just extraordinary number of winners that this There's a fund and the related funds. There's a related fund for finance and Medicine that have That they've brought it. Just the triggers incredible. If anyone follows. Eric balchunas who's sort of bloomberg intelligence is etf analyst. I feel like three quarters of his tweets. These days are just about. How extraordinary this Family of funds and the performance of arc invest has been lately.

Peter Lynch Tracy Kathy Tesla Zillow Eric Balchunas Rome Bloomberg
Investors get lessons, not profits, from GameStop frenzy

NPR's Business Story of the Day

03:40 min | 6 months ago

Investors get lessons, not profits, from GameStop frenzy

"Over the past few weeks the world watched as individual wall street investors rushed to buy shares in the struggling video. Game retail chain game stop. It was sold as a chance to punish wall street. Deletes especially those who bet that companies will fail. This is called shorting game stops share values. Climb to dizzying heights and then fell again. Virtually all of those market games evaporated washington post personal finance columnist. Michelle single terry talked about that. With no king. So a lot of newer investors younger investors are fascinated by the story of game stop stock and it has led some of them to get involved to put their money into the market for the first time that on its face is not necessarily a bad thing young people investing. But you have some concerns. What are those you know. I'm not a big fan of using investing like a game and what's happening with is really speculation is not the tried and true way that the average person who's like saving for retirement for example creates well for themselves. They do it. Slow and steady over decades really and with diversification often through mutual funds low index mutual funds. And so. i know that's not a sexy or exciting story for the children or young adults but the reality of it is that that's how they should be investing the mistakes that small investors are making when they jump into the market and scoop up a hot stock or get involved with something like game stop. What are the pitfalls that you see so the analogy that i use that. I think that they will identify with this. It's like when you go to las vegas casino and there are people who are winning. You hear the bells go off in the slot machines like yeah. That could be me. But that's not not like a casino. Sure they're gonna be winner. Sure you're gonna read the news stories about someone who invested gang stock in paid off the student loan debt but for everyone of that person. There are so many more who are going to lose money. They're going to invest money. Did they can't afford to lose and they're going to walk away. Not the better for your recent column. You spoke to an expert. Who made what would appear to be a very boring suggestion. But she claims it is not christine. Benz says buy some shares in a low cost s and p five hundred index fund. And you the buyer. We'll see that you are a part owner of what. So you're part of apple net flicks tessler all the major companies that. You're very familiar with the exciting ones. You know amazon. The problem is that when you buy a mutual fund you don't see the guts of it you know it's like putting together a stew and you got all the tomatoes and carrots and all that kind of stuff you're eating is great but then this though but when you look at the pot and you see it all you like carrots and there is beefing there. That's what an index fund. When i'm talking about the stock market and investing in and having money for your future i don't look at what the news is hyping. That's like the casino. Why when you hit it at a slot machine. Does the bell go off. Why would i want to let someone else know that. I've made money because they want to. They want other people to think they can win too. But we all know that the house always wins but the regular people who are not in the casinos. Who are he just walking on the strip and enjoying the you know as long as vegas without the gambling. They're investing in what people consider boring. But bahrain can make you a millionaire.

Washington Post Michelle Terry Las Vegas Benz Christine Amazon Apple Vegas Bahrain
Markets Hit Amid Reddit Rebellion

CNBC's Fast Money

04:06 min | 6 months ago

Markets Hit Amid Reddit Rebellion

"S. and p. five hundred tumbling just under two percent today. The dow down more than two percent today was the first time the dow is lost more than two percent on a friday all the way back in early june of last year overall. This was the worst week for the markets since october. Many of the biggest of the big getting just a little bit smaller today investors selling. What's salable maybe to raise cash apple losing nearly four percent today. Download and five percents. This week tesla microsoft. Facebook others also getting sold off. Perhaps the reason smaller trader banding together online bidding up from the stocks that big hedge funds or betting will fall and though this is largely being sold as the little guy taking down big bad hedge funds. Steve grasso there is of course some of that but like most stories. It is not quite that simple because it appears what began as this reddit. Rebellion against a few. Highly shorted stocks. Now might be infecting other more macro parts of the market that mom and pop invested in wondering what the heck is going on brian. It's a that's a great way to put it because if you look at it. We're talking about a handful of stocks with high short interest and the rest of the market has fallen out of bed but think about how many people own stocks think about the pension funds. Think about the teachers pension funds. Think about police officers. Think about firemen think about the average joes out there who i consider myself an average joe. I just happened to be in the market. Think about all those people that have their money. That aren't on wall street. That aren't making money at a big bang. That are making money in an institution not a wall street institution. They own stocks too. So i have to figure that their pension funds and the way that they are in the market whether it's a mutual fund or pension fund is not top. Heavy in game. Stop is not top heavy. Amc so this is the average person in america that is probably getting the majority of the brunt of this hit when we see a handful of names create margin calls air. Think about this brian. If you're a short seller right so a hedge fund has shorts. they have longs and they're hedged. So if you have to take down your short then you have to sell your long. If you're selling your long it could be apple. It could be facebook. It could be microsoft. It could be any one of those bracket names. Because as brian again. I'll go back to you. Steve before barbara. That's how this is playing out in the broader market. This is why it matters. It began as sort of a curious little corner of the market where we're looking at game. Stop an amc and even blockbuster and blackberry and nokia and these stocks but to your point and sort of explain it steve. Since you are an average joe in an average joe way which is if you're wack in the hedge funds which by the way. Nobody's feeling sorry for him. Because they all stupidly piled into the same stocks that appears with one hundred and thirty percent short float margin on at least gain stock if not others but now to raise money. They may be forced to sell what they can. And also steve. I want you to come on this. We got to be very careful of how he framed. This robin hood started limiting orders on a couple of stocks as we just heard. They're limiting purchases to one share. One share what a joke on and e- starbucks and others. It is not just these heavily. Shorted names this is starting to bubble up as a bigger market story and one wonders where it goes.

Steve Grasso Brian Tesla Apple Microsoft Facebook Reddit AMC JOE America Barbara Blockbuster Steve Nokia Robin Hood
iPhone App Tracks Weight-Loss Progress

Side Hustle School

04:41 min | 6 months ago

iPhone App Tracks Weight-Loss Progress

"This week talk about popular app to help people with their weight loss goals because again new year's resolutions this app promises to go beyond the scale. I'll let you hear more about it from louis. Lewis's the british developer who made and maintains the app. It's called progress app. Come back at the end of the episode to wrap it up whether you're looking to add stable cash flow from dividends or prefer long-term growth through appreciation fund rise makes investing in private real estate as easy as investing in stocks bonds or mutual funds. We've got an easy to use website. You can track your portfolio's performance and watches. Properties across the country are acquired an improved. I am personally a rise investor. I've been using their services for more than a year now. And i'm not required to do that at all as part of our partnership sponsorship here. I just really enjoyed it. I thought it's a really interesting model. Especially if you're looking to create that diversified portfolio and invest in real estate without being landlord. I encourage you to check it out. See for yourself. How one hundred and thirty thousand. Investors built a better portfolio with real estate. It takes just a few minutes to get started. Go to fundraise dot com slash side-hustle today that's f. u. n. d. r. i. Dot com slash also on rise dot com slash site us. All my name is louis. And i'm from the uk my side. Hustle is called the progress at is fictional episode seven. Three eight must side. Hustle is a weightless tracking app. We're kind of goes beyond the scale and it helps you track your progress by checking your measurements and things like that so really helped you stay motivated and stay on track. When you trying to lose weight often the scale can be very misleading especially for women and it can go up and down and not really give you that europe pitcher Found is if you take your measurements like with a tape measure and your tires. You can see. You can get the whole picture and you can see your progress. Trinity helps to stay motivated and stay on track. I was i gonna get married ads. I wanted to lose a white before getting married for their wedding parties. And i read about this kind of method of trucking yourself you measurements and everything and at the same time. I wanted to learn how to my iphone apps and saw. I thought i'm just gonna make that for myself just as kind of landing project and donate. I thought. well i'll just put out and see whether anyone likes it or whether anyone can use this and state and have been working on a since by ceiling. it's mainly been just kind of slow and steady. Growth is kind of just kind of how successful businesses can go consolidated revenues crown no consistent line but it's grown every year some years more than others. I've taken on by to help me with custom and support and things like that. And i've been trying to grow progress incrementally dicey with with just as much can. Witches may in terms of the challenges. At the moment. i've been very fortunate with covid. The covid hasn't really had any negative impacts on on my what saw i'm super grateful for that You're very lucky in some sort of more general challenges. I think i've been very happy working on my auburn and not having to manage people and things like that. But i'm not the point. Now where i really feel like i should do that. And start to grow into more quote unquote real business. But that's the big challenge is kind of a big step to take on a new person. Be responsible for that are paying. Them and funding programs is hard and things like that. So it's just a big step not facing his head on. I should be. I guess unstrung advice. I'll give to someone would be to learn to carry if coweta or you've never done. Coveting is a lot easier than the most people think and program has like to pretend that it's very hard and it's easier than people think and especially these days are so many resources commend as a project called collard which you can google and is kind of geared towards kids. But i've done the things in there that really fun. And they have like minecraft star wars and these kind of theme gangs teach you program and even if you never used the programming for side. Hustle is just such a useful scale on. You could start maybe doing freelancing as a side hustle or you could use it to improve processes in your current job. Give yourself more time. It's a very tall skills.

Lewis Louis Trinity UK Europe Auburn Collard Google
How can I increase my conversion rate?

Side Hustle School

06:03 min | 6 months ago

How can I increase my conversion rate?

"Has heard that increasing your conversion rates which is the percentage of people who see your offer by it is more important than finding new customers. But how do you do it. This is a good time for a reminder. There are only three ways to make more money from your business. Starting a side small business. Whatever it is you only got three ways to make money from it. You can first of all acquire more customers so you've got a few customers you like. Where can i find more. That's how most people tend to think number two. You can sell more to existing customers so you can either raise your price or sell more products provide more services etcetera wore number three. You can increase the conversion rate again. A number of people the percentage of people who see your offering by it so in the long run. You'd like to do all three of these but most inexperienced business owners inside us lawyers focus mostly on the first one about is working on getting new customers but conversion is extremely important. We're gonna talk about in this listener question today. But here's a quick example if you have one hundred people who see your offer and one of them. One hundred one hundred people coming to your website every day. Let's say one of them signs upper purchases. That's a one percent conversion rate which in some industries is not bad. You could focus on finding two hundred people to see your offer or you can work on trying to increase that conversion rate perhaps to two percent or higher. And of course if you could do that well. The same number of people are coming to your sites or otherwise seeing your offer. But you're converting twice as many or whatever. The number is so conversion rate is very very important. What are some ways we can actually or improve it. Let's talk about it after this quick message from our sponsor. Thank you sponsor whether you're looking to add stable cash flow. From dividends or prefer long-term growth through appreciation fund rise makes investing in private real estate as easy as investing in stocks bonds or mutual funds. Got an easy to use website. You can track your portfolio's performance and watches. Properties across the country are acquired and improved. I am personally a fund rise investor. I've been using their service for more than a year now and not required to do that at all as any part of our partnership or sponsorship. Here i really enjoyed it. I thought it's a really interesting model. Especially if you're looking to create diversified portfolio and invest in real estate without. You know being a landlord. I encourage you to check it out. See for yourself. How one hundred thirty thousand. Investors have built a better portfolio with real estate. It takes just a few minutes to get started. Go to fundraise dot com slash side-hustle today that's r. Dot com slash site us up rise dot com slash site. Us all chris just listening to the show since last year. I've heard you say that increasing your conversion rate is more important than finding new customers. That makes sense. But how do we do. What are some ways of the small businesses. Have been muscled through here. You i've heard about ab testing for example. But it sounds complicated or something. If you have any ideas. I would love to hear those two. Thanks chris gay man. Thank you so much for listening and philly right. Conversion is the way to go. And you're actually on the right track with ab testing so. Let's let's talk about this. Ab testing also known as split. Testing is not only for big companies for anybody. Who's not familiar with this. Ab testing is when there are two versions or multiple versions of a website. Or anything else that you interact with online and you only get to see one of those versions when you're a consumer but the business is actually seeing how different people respond to different copy or different design or some element and over time. They kind of add these things up and say okay well version a. is better than version b. or vice versa. And then you start testing another variable and yes. It can be very sophisticated. So that's why some people think well. This is only for big businesses. Some businesses are constantly testing dozens of variables in adjusting in real time. And such but the reality is a lot of big increases in conversion rate are not gonna come from like these tiny changes in like all the dozens of variables. They're gonna come from a couple of key things. And so if you have a website if you use google analytics showed usually encourage people to do. It's free you can put a tag on your website. And google allows you to a certain number of experiments where you have two different versions of the site wordpress. If you're using that also has free or low cost plug ins so just search wordpress split testing wordpress ab testing. If you shop by. They also have a way to do that. So basically wherever. Your website is hosted. Look and see if there's an easy solution for it if you don't want to try something else just because they are so common now and then once you get going. You should always be testing. Something as i said has the big things. Big things are headlines other messaging pricing in particular. Like i've seen more than once that increasing the price doesn't actually 'cause conversion to go down sometimes so then you make more money on every sale in some cases it may actually go up. A higher price conveys more confidence to buyers depending on the product. And so that's the most important thing that i would start with Delving into that world a little bit a couple of other small things ask for referrals. People are referred to your business. There's this built in trust element compared to just somebody who stumbles upon it. Cold display testimonials and reviews also builds. Competence shows social proof. Perhaps had a guarantee if you don't have one and that depends on the kind of business. Of course i usually say have really bold guarantee like a really strong guarantee or none at all but these are just a couple of tips. I think overall just explain that role of ab testing is going to be good for japan than anybody else. In that situation of i've got business. How do i actually increase my sales to just go out and find customers or is there something else i can do. There's something else you can do. Is explore how to increase your conversion rate.

Chris Gay Chris Google Japan
Floridian Finds Fair Value Flipping Furniture

Side Hustle School

07:33 min | 7 months ago

Floridian Finds Fair Value Flipping Furniture

"Today story call center. Employees in central florida binds that restoring furniture too hard with a bit of technique and finesse actually learned a lot in a short period of time. He goes from learning the ropes to budding side-hustle to actually running it as a full time business. I'll tell you exactly how it works. Then he makes another change another career change. That demonstrates y improving. Your skills is so important. It's a big part of this message. I try to bring every day and by the way. Welcome to school. My name is christina. Abo- i have the privilege of bringing you the sharpie day and ultimately it's about encouraging you to diversify your income to create more options for yourself and not just options to be overwhelmed but more options to create more security so that you have a backup plan so that you have more income coming from different places you're not reliant on one source etc so often talked about these things about diversifying. Your income can give you freedom insecurity. Well this story illustrates it really well and it also happens with no debt and very little stress so perhaps the archetype of a model to follow no debt very little stress increasing your freedom and security stories called floridian finds fair value flipping furniture in. Yes i did have fun coming up with that title. The stories coming up in just thirty seconds in two thousand twenty one. A truly diversified portfolio needs more than the mix of stocks bonds and mutual funds. It really needs private. Real estate studies have shown that portfolios with an allocation to private real estate generally delivered a better risk adjusted return with more annual income and lower volatility over the past two decades now with fundraise. This level of powerful diversification is available to you. Fundraise has been a partner of the show in the past. But i also use fund rise. I am a fundraiser investor myself. That's not something. I am required or even encouraged to do but i have really been personally impressed with the platform so i started talking about this in conversations that are completely unrelated to the podcast. So i think they're doing something really really interesting. I want to encourage you to see for yourself. How one hundred and thirty thousand. Investors have built a better portfolio with private real estate. It takes just a few minutes to get started. Go to fundraise dot com slash side-hustle today that's f. u. n. t. r. e. dot com slash side-hustle conroy's dot com slash side hustle ryan krones inspiration for his side. Assault came from a close source. His wife jessica late two thousand eighteen just restored their running room furniture to reflect a farmhouse style. One morning shortly after ryan was getting ready for his job and call center management. They got to talking. Jessica mentioned people would pay good money for refurbished furniture. Like how much right asked probably five hundred dollars for a dining room table. Jessica set intrigued. Ryan asked her to teach him how she painted their table. She did and within a week. Ryan was restoring an old dresser. They purchased for thirty dollars off facebook marketplace. The restoration involved ryan putting on a new coat of paint which only took a couple of hours as well as fifty dollars in supplies. This included a ten dollar paintbrush amazon along with the paint from lowe's although he had no previous refurbishing experience ryan realized. He loved the task when he listed the dresser back on facebook marketplace. It's sold within two hours for one hundred and fifty dollars. He and jessica were shocked at how quick it happened. It wasn't much work for a seventy dollar profit and even better. This was the first time they tried my able to replicate or even improved results. So for the next piece ryan refurbished up to the sale price. It sold in less than a day bufton polish with success. He started searching for more pieces of furniture at garage sales auctions and on facebook. He didn't have a truck at the time so he would borrow one from family or friends in order to source multiple pieces in a single day after refreshing them with paint or stain he would list them online with each one profit between one hundred and fifty to two hundred and fifty dollars since you've listed solely on facebook marketplace and didn't advertise ryan didn't have to pay any costs for marketing is. He began to scale up. He would work on several separate pieces at once. He devised a rotation process in his garage which allowed him to apply three coats to three or four pieces a day. You got even faster once. He learned how to do. Stained wood tops. This feature increased the value of his furniture still further. It allowed him to take a fifty dollar dresser and sell it for up to three hundred dollars in fact. Here's a fun anecdote. Brian purchased one particular piece from a garage sale. For fifteen dollars. Hit looked on. Its own so he ended up selling it as for two hundred dollars not a bad return on investment for practically no work the most challenging part of this project was learning the technique of making furniture reflect that farmhouse style. He messed up a bunch of pieces because he didn't apply the paint or stay in a certain way. Sometimes he could recover them sometimes not sometimes he would distress the coats of paint too much but through trial and error ryan perfected the skill. The furniture flipping continued part time for several months. Meanwhile he was growing more and more than happy. It is corporate job so in august. Two thousand nineteen jessica convinced him to quit and try flipping furniture fulltime. He finally got his own truck and focused on the furniture. Business bringing in between two thousand and three thousand dollars a month. Although this was less than he made it as corporate job he was much more content. Ryan did this for about nine months. Also helping out with jessica's wedding photography business earlier this year. He got a chance to go back to work in call center management but with a twist. This time he found a dream job working remotely as a supervisor. This rule enables him to be close to his family also getting a regular paycheck with benefits. He's quick to note that the furniture flipping business will always be one of his reliable income. Sources it's not mentally taxing and he rebels in the opportunity to be creative. Best of all it serves as a solid backup plan so check this out. This story is a wonderful example of something that anybody can do. And when i say anybody can do like let me just kind of break this down because you might think. Well i'm not handy. I'm not either just just to be clear but it's not so much about being handy. Renovating is a lot like reselling of any form so reselling. I sometimes say one way or another. Everybody can do it. So maybe furniture isn't your market. What about computers or cameras or cars or high end kitchen blenders or upscale fashion items. These are just a few markets in which it's possible to make a good profit by acquiring items on making some kind of change or improvement and then selling those items to a new owner now. The chain improvement can be something substantial. You could be like overhauling the entire car. Let's say it can be maybe somewhere in the middle like a lot of furniture renovation is. it can't be purely aesthetic. In some cases you do run into situations like the dope from ryan where he found something and then thought about making a change to it but decided it's actually pretty good as it is in that case he paid a pretty low price borden was able to resell it for for a fantastic profit margin. So that doesn't happen all the time of course but you know as you kind of delve into this. Sometimes it does so. It's one of these things that everybody can do. If you're trying to figure out what's my next. How can i create a source of income. That is a good back-up plan for me. Something in this direction is worth considering. So i'm gonna leave you with today. Inspiration is good but inspiration with action is so much better.

Ryan Jessica Ryan Krones Facebook Christina Conroy Florida Lowe
Should I Pay Off Debt Before Selling Stocks?

Ramsey Call of the Day

07:05 min | 7 months ago

Should I Pay Off Debt Before Selling Stocks?

"So i'm twenty five due to a very fortunate situation i kinda got doubly lucky here and got some money from my parents and my grandfather and also got really lucky investing in some things. I didn't completely understand what that money like. You often say The tricky part about that now is the ninety. Five percent of my net worth is in stocks. And i only make fifty grand a year Getting ready to buy a house at my fiance. i'm just concerned about the capital. Gains tax hit to create a downtown for the house. Some thinking i've made my fair share of dumb decisions but this money being young obviously Got a big chevy tahoe. That you know. I don't think i necessarily deserve. But i just happened to like something and do i sell it number. One deduct free and create positive equity to maybe absorb that tax. It or keep the truck just because i enjoy it is the truck paid for twenty thousand muslim but Yeah i i'm either way. I'm not taking the car anymore. So i'm thinking bill situations neither reading it off and you're twenty five years old. You make fifty thousand twenty eight thousand dollar truck and you have how much in this investment account. Six hundred and fifty thousand dollars. Wow wow yeah you've got you've been blessed beyond measure he s and how much how much of that is gain that is over a year old Probably about seventy percent of it okay. So that'll be taxed at fifteen percent and it's in single stocks and from the way you're describing this it sounds like it's fairly high risk situation in my right Some of it is the i decided you know. I got scared of it pretty early. So i moved sixty percent of the into management. I would say the other. Forty percent is individual stocks around consumer data collection and medical diagnostic collection. Yeah yeah uber. High risk cutting edge small-cap technologies and. Yeah you're pretty much. Playing russian roulette with those things are the roulette wheel anyway So The way i answer questions. We answered questions on this show is what would we do if we woke up in your shoes. Yeah man first off. Thank goodness you're where you are. Congratulations that's wonderful. The danger is that it worked that you may try to do it again. That's that's the dangerous part. It's like the guy that drops one quarter into a slot machine wins and he spends the rest of his vacation but all his money in the slot machine. Try and do it again. because you're not going to do it again. I d i. I do not have investments of those types because They scare me and And my real estate portfolio alone is worth hundreds of millions. So i can speak with Emotional authority in this situation. How it feels. When i was your age i was a millionaire and lost everything. And i don't want you to fall into that. What i would do is i would Move anything that is not in a managed account in mutual funds. Into that. And i would pay off the truck tomorrow if you're going to keep it Normally we say do not own things that are more than half your annual income. This is barely but you also have six hundred and fifty thousand freaking dollars laying over here so. I think you can afford a driver's truck if you want to write And then Believe it or not. I'm going to suggest you do not buy a home with your fiance right now. On number one. You don't buy homes with people you're not married to After you're married. I would rent something even if it's something nice for six months get to know each other. It takes about a year of being married to know how close to your mother in law by. Yeah yeah in other. After a year of marriage you will make different housing decision than you would make today together. We've been running here for about two years. We've been married. yeah correct after. You've been married a while. You will make a different decision. You would make as shacked up john say's It's a different thing. Just is true and so i would take my time. And you've been the. There's a tortoise and the hare you've been the hair and you're ahead in the race and i'm going to switch sides and become the tortoise and i'm just gonna slow your butt down on the investing and on the house i'm really happy where you're where you are and you're obviously a very sharp guy. Yeah i mean you're obviously very bright so you may not do anything we say to you called and asked us which the danger of that is. We're gonna tell you. Tell you the truth and i think he will dave. I think he's he's a little nervous a little scared. He wants to make the right decisions. She wants house. Yeah and. Here's the thing. Dave i was going to say instead of for you know. Save like you said spent the first six months we year when she will get married and then with him walking away after he pays the capital gains. I pay cash. I'll pay cash for the house. That's why i was gonna say did i. And i'm saying it's like a two three hundred thousand four hundred. I don't care i've hundred. I don't care now you're good really. Everything's paid for everything. The money's gone. Yeah of it your all your taxes. Well i mean by the time you guys not the. It's back. investment accounts. Guess yes your taxes at fifteen percent on seventy percent of six fifty is just. That's not gonna cripple. The situation is And yes i would pay the capital gains in order to get this in the right setting and it doesn't sound like that much of it's gonna be subject to capital gains because sound like you've already done that when you moved from these higher higher risk things into the manage stuff you probably took your capital gain chen you liquidated investments to move them. That's my guess anyway I don't know exactly how you did that. But that's that's what it sounds like. You did to me so anyway. I'm gonna pay what capital gains. You got to pay for making the move and get it all undermanaged and i would sit there something for a little for a year after marriage six months after you're married then i would buy with cash and pay off the car today and i wanna say to america listening. You are processing at work for him. Let me go try that. No do not do it. I mean i think the numbers. They've update numbers right around. Seventy eight percent of the people who play in his field. Do not make a dime. They actually lose money and so Yes you hear. It worked over here But it does not mean more than likely if you had a buddy that will hit a lottery. Ticket doesn't mean that smart by lottery tickets. It's just you know that's the bottom line. And so and brandis are gavin smart enough to wise enough to be a little bit afraid in this situation. But congratulations that you're there. I'm so happy that you're twenty five years old and six hundred fifty thousand dollars. That's just so cool. That's so neat. And thanks for calling in asking the question.

Dave John Chen America Brandis Gavin
What happened To Jack Ma

Squawk Pod

09:17 min | 7 months ago

What happened To Jack Ma

"Development between chinese companies in the. Us is only part of the larger tech story in china. Late in two thousand twenty. China joined the us in europe in a global big tech reckoning when it released series of proposals to rein in the chinese fintech sector new rules on how online leaders could operate and the government increased scrutiny on players like ten cents at jd dot com in an effort to curb anti competitive behaviour. Then china effectively blocked would become the largest ipo ever. A public listing. The chinese fintech aunt group shortly thereafter china's markets regulator opened antitrust probe into e commerce giant alibaba aunt groups largest shareholder and one of the most valuable tech firms in the world amid all this chinese officials had met jack. Ma co founder of ant group and co founder and former chairman of alibaba. He's still one of companies largest shareholders. He's china's biggest business. Celebrity enriches tech tycoon. He's regarded globally as a symbol of china's success up until recently he was a pretty visible character. Even starring as a judge on a popular reality show. But jack ma hasn't been seen publicly two months. We're all starting to wonder where he's gone back in october. A financial forum in shanghai mom spoke out against chinese regulators claiming they're conservative approach hindering innovation. He envisions a different financial system for china. Global onlookers are growing more and more concerned at the chinese communist party would rather those visions remain unrealised. Here's becky quick. joining us. Right now is leeland. Miller china beige book international. Ceo and leland. Obviously it's just speculation at this point but it does come after. Some clearly heightened tensions between jack ma alibaba and chinese regulators. Yeah i mean the question right now is whether jack is is managing a very low profile for his own good or whether he's been brought in a dark room in his having new terms of alibaba dictate to him. A nobody knows nobody will know until till the government comes out with a statement I think right now you know. Jack is sort of muttering himself. Oops and it's oops on some of the things he's done in recent months in terms of antagonizing government regulators but this is something that the alibaba ecosystem has been something that has been antagonizing state banks and the state run financial system for years and years. So it's it's not altogether surprising that he's he's become under more pressure right now and he has a target on his back now that he's been completely vulnerable. You're not talking about the retail side of alibaba. You're talking about the financial side what they've been doing. And why don't you explain that a little bit to people why it's such a threat to the chinese banking system. This is a point that That i've made years ago when alibaba. Cbs's guest commentator for the alibaba ipo in two thousand fourteen and everyone was talking about spectacular. This company is and it's true. It's spectacular innovative companies. But the is alibaba's not one company. It's actually two companies It is a retail firm. Which is a chinese national champion. I think that's what people think of when eight when they think of alibaba most of the time. But it's also a giant financial firm and it has been innovating behind the scenes of chinese finance for years whether it's on my mutual funds whether it's e payments these are systems that have been beating the tar out of the state banking system. Alibaba for yle was allowed through you. It's it's mutual fund to to offer these very very high rates where the state banking system couldn't and over time china beige book. You can see that. There's been migration deposit flight from the state banks over the alibaba system. So jack has got an enormous number of people who really dislike him inside the chinese banking system and this is a problem that happens in beijing step in and they'd regulate the alibaba are force them to bring the rates down but this has been a tension not for months but for years. So so this is this. Is jack finding himself. Boehner and having lot of enemies on the inside leland. Just in terms of of what that means for the chinese population. I mean it's it's a good thing. It's it's helped so many people in china who wouldn't have been able to get loans otherwise wouldn't have been able to do some of those things so i have a hard time thinking that that in itself has been the biggest problem or why the communist party might down on him But you know some of the things that he said very recently have been incredibly antagonistic. Just in terms of things you're not allowed to say in china that he said right in one rule is you don't antagonize the chinese communist party and expect good things to happen but but look wall. What alibaba has been doing been innovative. It's been good for chinese consumers and households and the chinese economy keep in mind the vested interests that are affected by this. You have these technocrats. Bureaucrats have the bankers who have watched their their fiefdom less and less important over time. and so even. If this is good for china writ large. This is a real question. Mark to where the banking system falls in this new world order now. If jack had his way he was sweep the banking system aside and replace it so it may be good for china. But it's not good for a lot of party. People who are in the top of the power chain which means that jack better tread carefully at this point. It's raised a lot of questions about what this means for international companies trying to do business in china whether they be tech companies or something else but we also have at the same time the nyse announcing that it is not going to move forward with its plans to deliver those three. Chinese companies says it did this after having discussions with regulators. But you've got to think it's it's got more to do with who's going to be in the oval office come january twentieth a biden administration versus a trump administration. What what does the setup for just in terms of the us relationship with china. Yeah look i don't think biden particularly wants to touch this issue so he's keeping his hands off it but this is really about inattention by the trump team. I mean they put a rule in place and they sort of went off and pay no attention. You know certain certain agencies like treasury behind the scenes hoping to weaken this. And and that's what they did and so if you don't if you put out a bunch of rules and then you don't fall through on them. You're going to have a lot of questions over how they should be interpreted and at this point. They're so little clarity on what the administration was asking for. And what the executive orders called for and and what executive orders in the pipeline. That these That nyse in and a bunch of other financial entities basically said. We don't understand what's going on here and we're not going to implement them and they got soft backing behind the scenes from treasury not to implement them and so here you are. Everything is sort of falling apart in terms of some of these latest trump moves in the last days of the trump administration. Bring them back to what investors might be looking for. Is this a situation. Where manufacturing companies anybody. Who's making things that they're selling Either from china or to china. How is this going to play out. You have any ideas. I think that the biden administration has come in with severe restraints in terms of what they can do. They want to use political chits. They have on domestic issues. They they know that biden has had years and years and years of being called week on china when he was vice president. And so they're not gonna be able to do any heavy lifting on the china side particularly in the early days. So i think that from this standpoint biden wants to sort of he won't be able to pointing back he doesn't want to do a whole lot. And so you know you're going to be on a glide path at least until he gets both staff in you know three to six months from now but in terms of investment with china. This really has to play out. The chinese are certainly gonna come in and try to have a honeymoon. Period with a biden administration promising kinds of climate goodies. The question is who are going. To policymakers. That are gonna be in charge of china policy for for for the biden administration. And are they going to have authority within his realm in order to push back congress for certainly be at their backs but but this is some this issues. These china issues. That i think biden would like to ignore for as long as possible in his first six months. There are a lot of china hawks in congress. That would probably make that pretty difficult to ask. What what should we be watching. What are the key points or the key events. A lot of it has to whether whether cova continues to to suck all the oxygen out of the room you know code will be will be issue number one. But you're right on congress you're gonna you know you have some very fire. Republicans you also some fire. Democrats who who are who are who are quite animated on the china issue. There's a bipartisan agreement. Right now that china needs to be dealt with rather rather tough fashion. So i think that you're going to have a lot of pressure from congress. Which is why i think biden wants to have nothing to do with it. He's gonna let some a lot of some of the trump stuff glide he's gonna want to avoid the issue as much as possible. It's going to become harder and harder. As the beijing olympics comes into sight year and a half from now There is going to be a lot of push both domestically internationally to boycott the olympics A year plus from now and this is going to become extremely hot topic not yet but later this year and so i think he's got a pass for at least a few months but later this year. I think it's going to get a lot lot lot tougher on the environment on china again. I can't believe the olympics in beijing are only a year and a half or so away. A leland it's good to talk to you. We will see him

Alibaba China Chinese Communist Party Jack Biden Administration Ma Co Ant Group And Co Jack Ma Leeland Jack Ma Alibaba Leland Biden United States Becky Shanghai Nyse Boehner Miller Europe
The Why Nots of Starting Another Podcast in 2021

Deadset Podcasting

04:13 min | 7 months ago

The Why Nots of Starting Another Podcast in 2021

"We're talking about the one noughts of starting yet. Another podcast something. We've all thought probably bad in the past at some point. If you coming into starving you e- you might be thinking. All is now the time to release that other show that i've been planning on their awesome reasons to do that. Which we covered. I think now two episodes ago. Today i just a few reasons. Why maybe it's not a great idea. Either right now. Ole maybe not such a great idea at all so this is going to be pretty rapid fire at least is rapid fars moi condo. Low energy delivery can get say here. We go number one. Don't start another podcast. If you're already struggling to find the time to produce edit release and promote your current shy so if this other show you're planning on creating is to replace your current shire and the plan is to transition away from your current chart and only the new shire then go for it. That san super cool. But if you're planning to do by showers and you're hoping to keep your current show at the same level of quality daren't stott another shower or at the very least daren't stop that other shirt yet your current shar manageable coming out on tom consistent in quality. And if there's something bad that's noting joyo or you're starting to find something about it. Stressful analyze those and try to turn that around first before you put the stress of yet another hall. Production on top of your current podcast. So number two. The other podcast. The next broadcast the additional podcast. It's in a fashionable nash. Ole subs owner. So you as a person don't have a lot of interest in the actual subject. You're just doing it because you think that there's an audience there and you want to jump on the bandwagon unless it's something you truly care about also about say something else unless it's something you truly care about daren't stott another shy just because the genre of show is popular does tend to be the tops of genres to get very crowded very quickly and they conned of. I need to be there to kind of showers or fear of missing out conned of shows. So not good for anybody number three you'll copying the kore- of someone in podcasting or in media that has a bigger profile than you do. And i started a second shirt about x. So you don't necessarily need to stop a schaub at the same topic. What you're doing is copying the fact that they have more than one. Shar your favorite podcast dot to solid projects and and now the show is completely different and suddenly. You're planning to go from one podcast which you've managed to make good. And hopefully it's good gotcha. Full attention to potentially four different shows are avant darned day that people. I've done that to be honest. I've done all these things in the last eight to nine years and that came down to a little bit of fear of missing at a little bit of copying people that were bigger in podcasting but also there were times where having two shows three shows was great like it is now me where i have a more realistic relational etc. Full the hull collection. There were times where it worked. Really well and tom's were really really didn't and my mind shall at the time suffered so today's not a bet stealing mutual fund. No telling you not to do something i mean. We did a whole episode on why you should start a second shy this really legitimate reasons for getting out there and starting mold one podcast but to some today. If you don't have the tom or racehorses to do a good job of a second show oh maintain the quality of your current shy and annual. You're not actually interested in the topic. You just feel like you have to be in this other genre is well neither those pass muster when it comes to producing a second show

Daren TOM Stott Nash Schaub
Tesla stock jumps on carmaker's addition to the S&P 500

Snacks Daily

01:36 min | 8 months ago

Tesla stock jumps on carmaker's addition to the S&P 500

"And starting december twenty. First tesla in the clubs. So jack what's the takeaway for our buddies over at tesla. This isn't just a vanity win for not it literally increases demand for tesla stock snacks. You may have noticed. Tesla's stock jumped ten percent yesterday and that is because of stock funds like etf mutual funds are basically you talk smoothies and s and p five hundred fund is like a huge stocks movie that include bits and tons of five hundred other stocks in those companies are like the blueberries strawberries that she had the cash who the whole nut situation the s&p five hundred index fund. It's one of the most popular retirement funds out there and the ingredients are perfectly proportional to the s. and p. five hundred so the s. and p. five hundred index fund is six point five percent apple stock. It's four point eight percent amazon and little of the other. Four hundred ninety. That's because the s. and p. five hundred index is six point five percent apple four point eight percent amazon and a little of the other four hundred ninety eight and on december twenty first that stock smoothie is going to include a dash of tesla to think of it like the bee pollen this means on december twenty first a bunch of heavy hitting fund managers. Who are like slinging around billions of dollars. They're going to buy a ton of tesla's stock to update their index. Basically they have to buy a ton of tesla stock because they have to reflect the s. and p. five hundred index. This is like imagine you have a textbook ridden as a professor and suddenly your textbook just got added to the econo- one required reading lists that has like seven thousand students so in a patient all these buy orders driving up the stock on twelve. Twenty one tesla is up twenty percent since monday

Tesla First Tesla Amazon Jack Apple
How Investment Advisors Invest Their Money

The Indicator from Planet Money

07:54 min | 9 months ago

How Investment Advisors Invest Their Money

"Josh bam co riddled wealth management and author of the new book. How i invest money. Welcome to the show. So josh in this book you talk to your fellow. Money managers about how they invest their own money. What they do with it. Is this kind of like asking chefs like what they cook for themselves when they're at home. I think that's a really great analogy. I hadn't i hadn't thought of that. But i like it. I'm gonna steal that steel steel away. So yeah tell me about. Were there any surprises. There were There were a few constance. We heard a lot about index funds of being a building block for portfolios. Yeah you're basically like placing a bet on the stock market going up on the index itself. Going up and this is like one. Oh one investors thing like this does not seem like what pros you know. All the stuff would do. They're like extremely basic but they're basically a good way because what you see is what you get and for better or for worse. You don't have somebody who's trying to beat the stock market and failing and then we heard a lot of people who had made investments that they know mathematically or logically weren't necessary than one of my favorite child is my bob. See right who He's got a couple of decades on me but his his his concept was sometimes the financial investment. That looks the the most illogical makes the most sensible when you incorporate the emotional aspects and he's talking about a beach cottage that he bought that is now where all of the memories of a stanley are made. And it's where he spends time with his grandkids and financially. It's not a good investment will probably not break even on it but that's not the point. What was the craziest thing you heard. I think i was surprised. That howard wounds in he's an angel investor out west. I was surprised that he owns zero bonds. Oh yeah because the banzer like that's sort of like the i guess if we're going to keep our chef analogy. That's like pasta. That is like everybody's got pasta on the menu. I almost think it's even more elemental than that. I almost think it's the water that you boil and rinse vegetables at our best. When we say bonds we're referring to his treasury bonds which are colloquially speaking the risk free asset supposed to be the safest thing yeah we his his entire persona is wrapped up in this idea of just growth as far as the eye can see and he's willing to bear risk and he's ever accomplished in his life has come as a result of bearing risk bearing more risk than others were bear. And so that's that's like an invest an example of an investment philosophy overlaps with the life philosophy. Did you get any sense of of how these investors deal with their money at a moment like this like in a moment of crisis. Because i imagine that is a question. You're getting all the time. If you're going to be a financial adviser to investors and you're gonna be worth anything to to those investors you have to have an investment philosophy. That's long-term in nature and that is built to endure market events economic crises et cetera. You have to get people to believe in what they're invested in if you expect them to hold onto that portfolio through market volatility. Their relationship with their investments is casual and not spiritually and emotionally meaningful. Been it's easy for them to discard those investments. The minute the sledding. It's tough and so. I think one of the biggest trends in the market twenty twenty is on. Es g or environmental social and governance focused investing so these are portfolio's being put together based on the premise that investors want to have their money go to companies. That are doing the right thing doing the right thing in terms of did the environment when we say governance are they treating shareholders fairly. We say social or the promoting women. Are they hiring. People that are non white forty year old males on. Es g is the only category of mutual fund that saw positive infos this year really and the good news is that the millennial generation They care about what they own. They wanna have a connection with their portfolio. So i would say that that that's like one of the the silver linings of this moment in time is that wall street is waking up to the fact that this is a new generation of investor this generation not only didn't panic from volatility volatility actually drew them closer in. Okay josh you heads knew. This question was coming. How do you invest your money. While i'm at one hundred percent crypto so same same so in my 401k as is your retirement invest directly in the same strategies that our clients do on the other end of the spectrum. I'm doing some things. That are a lot riskier than what i would do for clients so outside of my retirement accounts. I'm making veteran vestments. I'm backing friends. Were starting companies so like for me. That's what makes me feel good to be able to support things that i myself believe in people more importantly that i believe in so what is like the most amazing investment. You've made what's the one that got away. The most amazing investment i ever made was in my own company in two thousand thirteen. My partner and i put up fifty thousand dollars. We built the firm that i think could be doing ten million dollars in revenue next year. Wow so the best investment you ever made was in your own having your own business your own entrepreneurial. Venture was there when the gateway well. When i was a teenager. I owned all of the dot. Com stocks is a teenager nineteen. You were like a man. I was like. I don't even know what is doing but definitely investing in stocks earrings at the mall was really does an idiot savant. Because i didn't hold any of them. I had a bunch of stocks that no longer exist. But i also owned amazon. But i didn't hold it like so like all right so i've long since we bought. It said oreo be fine. But like i'm saying you know you say to yourself. How can you really regret that decision. How could you have possibly known of the thirty. Publicly traded dot com companies from nineteen ninety seven nine hundred ninety eight that one of them was going to become as big as important as amazon. And you wouldn't pick amazon by the white. It was a company that sold books bucks. Yeah totally so anyway but like i. Don't i try not to dwell on stuff like that you know. That's that's an argument in favor of indexes on because what happens in an index as the companies that go bankrupt and disappear the smaller. They get the more they shrink shrinking importance in the index. Because they get so small whereas the winners that keep on winning balloon in size within the index One of the best regret minimization tricks. I know of is to at the the index to its work. And had you done that over the last thirty years rather than trying to outsmart the market. You probably did better than ninety nine percent of other investors. Excellent will josh. Thank you so much for talking with me. It's my pleasure. Stacey thank you so much for having me. And i hope

Oluwatosin Olaseinde  Africas Financial Literacy Queen Says Be Careful Who You Trust

My Worst Investment Ever Podcast

05:45 min | 9 months ago

Oluwatosin Olaseinde Africas Financial Literacy Queen Says Be Careful Who You Trust

"Fellow risk-takers. This is your worst podcast host Andrew Stanton. I'm here with featured guests tosin on the say in day tosin. Are you Menu Rock. Yes, I am ready to rock. Let's go. I know you are and I know because I see you rocking it every day on Instagram video. So I've been trying to get you on the show and I'm so happy to have you and let me introduce you to the audience tosin is a professional accountant with over ten years of experience spanning across accounting audit financial management and Taxation. She is the founder and CEO of money Africa and edtech platform that enhances financial literacy and Investments leveraging on technology person is a Washington Mandela fellow. She was a finalist at the future Awards in 2019. She was selected as one of the top 100 women by the leading. Ladies Africa. She was awarded one of the top eight Traders by CNBC Africa and 2012 and is a member of the golden key International. Honour Society post office. Spoken at tedx and It's featured on BBC UK Al jazeera's Guardian as well as others. And of course you can hear her and see her every day on many Africa on a gram but doesn't take a minute and fill any further tidbits about your life. So Monday Africa started as a passion project you just wanted to teach people about money that you got my first degree at age of twenty. And even that was an accountant. I struggled with my money. I was living from hand-to-mouth. So I wanted to change that for other people to didn't have to make the same mistakes. I did so after letting about right and district and speaks and wanted to speak to a Nigerian Market using the same language using the same examples things that you can relate to and that's what we did. So we have over 4,000 subscribers in our platform and we've reached over a hundred thousand people online and offline. I'm really excited about it. That is exciting. I'm curious when you started it. You probably had some Vision wage. But in reality things went a different direction, but we're successful. I'm curious. What did you think you were going to be doing with it versus what you are doing or or was it straight on target to be very honest. It wasn't really just the hobby. So I just opened an Instagram page and I just wanted to share my lessons with people right? I just turned Thirty and I was like gosh, you know, I made so much so many mistakes and when I was younger, I just wanted to teach people and I just said I'd posted and like wildfire 1000 followers then we so 5,000 followers. Then we saw $10,000 then then Instagram had only one that needs to be viewers. You couldn't do more than that, right? So they were like, oh totally what more we want more and then we said we go let's go and let's have horses were being as you know, let's have physical classes. So in all honesty, I did not see any growth this way. It really just happened the markets responded positively and they were responding to them as well and just collect get creating products for them. You know, I I can totally picture that wage. Cuz I mean here I am in little old Bangkok and I really know nothing about Nigeria and certainly about the Nigeria Market. Although I'm learning a lot these days as I was talking about with you before but but I can say is that when I saw you on the video it just you know, it makes you just want to stand up and cheer because you know, you bring so much energy so much passion to what you're doing and you know, sometimes you know, you're just talking about Bank earnings, but you know, you still bring that energy and passion to it. And so I always try to make a comment like whoa. Yes awesome. So I imagine that it's growing because I think you do have a lot of passion and I think you share that with the audience. So that's also one of the reasons why I wanted to get you on the show to share some of that passion with my audience. ATT I'm very excited to be here. Yeah. Well, so let's get started. Well now it's time to show your worst investment ever and since no one ever goes into their worst investment thinking it will be home. Tell us a bit about the circumstances leading up to it and then tell us your story a fantastic. So this was in 2017 and at this time of the year off, right the Bitcoin was gaining so much momentum at the beginning of the year was like $2,000 and it was $3,000 and it kept growing now remember I'm straight account and I only I know about basic things and I know the stock market and all this other thing but click on just sounded very futuristic. It's not a very abstract. I just don't understand it now. He's a friend and he always tells me about his really oh I made so much money this I did that I did that. I wanted a piece of the pie right? So what I was accustomed to I a mutual funds or stocks, I think know I got a job. I do understand it. So I was living on my friends knowledge, right it kept telling me about all his wings and then in the midst of it all it went from two thousand to five thousand. I remember when it hits $10,000 and I can't wait anymore. I need to get it. So I reached out to him and I said listen, I want into some of those pie and was like definitely that's not a problem we can get you in now at this point, but Bitcoin now was about $18,000 way about so I handed over a large sum of money Andrew huge sum of money to this person to help me investigate cause I thoughts because I was so futuristics. I can understand it. I wouldn't know how to navigate it and I needed to actually speak to this person that actually knows how to go about it. And

Africa Andrew Stanton Accountant Instagram Founder And Ceo Cnbc Africa Nigeria Al Jazeera Honour Society Hand-To-Mouth BBC UK Golden Key International
I'm Scared to Invest in Real Estate in a College Town Right Now

Ramsey Call of the Day

05:25 min | 10 months ago

I'm Scared to Invest in Real Estate in a College Town Right Now

"Anthony is in Kansas City High Anthony. Welcome to the Dave. Ramsey show. Hi doing great. How can I help? I have about a half million dollars in my checking account and I have had it in there for a couple of years I'm trying to figure out exactly what to do with it. My plan was to use it for real estate. But the real estate market got me a little spooked right now while or. we live in a college shirt close to a college town and. the market there they've built so many brand new complexes in the last. Ten Years Nobody's going to college. Okay. I'm with you exactly the enrollment rates are going down you know so I'm a little bit Leery of that. So what town are you at all? I'm Manhattan. Kansas Yeah, okay All right yes. You're far enough away from Kansas City that you're probably not investing in. Kansas City. Correct okay, Anthony holder you. I'm forty five. Okay. You've done a great job. Yeah. Are you planning to stay Manhattan. That depends don't necessarily need to have a hobby farm. I'm I'm an electrical contractor by trade. But my my real estate holdings I have a couple of rental properties to, but I have about a million and a half in real estate that's all paid for. about one, hundred, thousand in cash five, hundred, thousand in my checking. about four, hundred, thousand other assets like. Crack loaders tractors. You're. A. Stud. Done. So proud of you. It's got to feel great man really did it and I'm assuming you did all this start assuming you to all the starting from nothing. For nothing inherited nothing way to go well, here's what I would do if I, woke up in your shoes and I find myself in similar situations from time to time. I'm between real estate deals and I need access to the cash when I get ready to do the next real estate deal. That's where I find myself. It's where you find yourself because you're not going to drop that half million in Manhattan you've made that decision. I'm not going to recommend if you've listened to me for more twenty minutes, you know this to be a long distance landlord. and. So what I'm GonNa end up doing is just parking this probably in like an S. and P. Five hundred. you know a no load fund there's no commissions and just ride the market with it a little bit while I'm waiting to decide what I'm GONNA do. and. One of two things will happen. One of three things will happen. You decide to stay in Manhattan and the market get soft as you predict. So you will not pull that money out in buying Manhattan. So you're probably going to turn and invest in some other vehicle for probably some mutual fund or something number. Two thing that could happen as you move and you're living in whatever Kansas City and you got a great market to invest in. Then, you pull the money out and you invest it then what was the third thing that could happen. The third thing could happen would be Manhattan back the college market firms back up and you feel good about investing in Manhattan again, pull the money out there s and P and invest go so your parking it until something else moves another variable moves in the situation. But checking accounts not okay. Yeah. I realize that it's been but you know how it is Kinda fly. And I'm sure your bank is reaching out blowing up your phone with all their ideas and thoughts. Real helpful now. Drysdale's on the line. There's a saw ball mister guides deals on the line. There's a fourth option you may begin to look at something that gets to be on sale where you've got someone that has to sell or is looking to sell, and now you've put yourself in a situation to start to have some conversations about potentially buying that that could happen as the market. In Manhattan that's right. that somebody couldn't quite survived the turn and it's making an upward turn and you're comfortable with it that could result in a really good for a great deal. Yeah. That's that's a very, very good point. Dr. John Loney is. One of three, thirty, two degrees he's got he's got more degrees than a thermometer is in higher. Ed. And he's talked about with you and I and a bunch of US behind the scenes and even some what on the air The to the extent that. Because of the student loan debacle and because covert scenario by home, they realized These colleges are trying to charge just as much sitting at home I'm not getting like the college experience. I don't see any ivy on the walls here at my house. So to those two things hitting together are accelerating p the demand for college degrees. On campus living college degrees, they're accelerating that demand dropping right been dropping. Student loan the covert thing is pushed it over the edge. So, we are seeing some things like he's describing a college town like Manhattan, which is what Kansas State. Of Kansas, state and So you know we're seeing so many smaller towns where the economy's driven by resoluteness. Affecting their economies it really is a lot of those around America.

Manhattan Kansas City Kansas Anthony Kansas State Dr. John Loney Ramsey United States America A. Stud Drysdale
"mutual funds" Discussed on The Money Guy Show

The Money Guy Show

10:18 min | 1 year ago

"mutual funds" Discussed on The Money Guy Show

"You might have a head start before you have to start paying the tax man so pay attention to that and then those are some of the big things that are going on. But let's talk about the intraday pricing. Yes so one of the things that is a benefit. Is You have some hands on control over the price that you trade right so again. We just came through this covid. Nineteen thing and there were days with the market. What open up down. Six or seven percent would comment hey. The market's down. What's Bhai if we actually behaved in that way? It what if we put in a mutual fund trade? We wouldn't actually be capitalizing on that because a mutual fund doesn't trade until the end of the day if you wanted to capitalize on the market being down in the morning you have to buy an ETF to do that will intra-day pricing allows you to have a little more control over the timing of the trades that you're placing now. I'm going to send a little bit. Maybe because I'm getting older and more like Jack. Bogle is I think that those price fluctuations throughout the day tend to push more towards the speculative side of investing versus the Fundamental Saadi. Let me this is the part. I alluded to it earlier. We went on a forty minute. I two slides built into this presentation explaining the distortions of mid to late March with bonds on E. T. S. specifically. The team made me throw out these slides because they were worried. You guys were go to sleep. So I'm trying to a really good job of summarizing. This march eighteenth nineteenth twentieth. I mean you probably could throw in the twenty. There was a lot of crazy things going on the Equity Market Place. That was bleeding over into the bond. Etf marketplace so. What we saw was we saw if you were buying a bond. Etf OF LIKE THE AG The price fluctuation throughout the day could have been his highs four to four and a half percent in one single day of trading the price move that much on a bond etf and then think about day. To because put two days together another four to five percent fluctuation if you were the worst investor are unluckiest investor. You potentially could have a ten percent fluctuation on your risk off bond fund when really the bond fund traded in less than a one percent trading ban if buying the mutual funds so inherently if you are trading. Etf's because of this price distortions even taking away from from just generally the asset class year investing in. You're naturally adding risk to your portfolio. Just because of how much fluctuate. Those prices can fluctuate internal. Fortunately this is the other second slot that you'll made me take away the majority the lion share the time ninety percent of the time. Etf's trade within the ending value the value of the their brethren that our mutual so. He's not this. This is only ing unique distorted times. I'm just saying that if you're an investor in you're looking at your investments from what's risk on like equities risk off like cash and bonds or fixed income. You might need to think about that. Extra level of risk volatility. Because you might be counting on. This might be super safe but then you find out it's got four to five percent price fluctuations just because of the pricing. That's just something you ought to take into account because it is exactly both said it pushes it further out on the risk spectrum. Then what you might have been anticipating when you bought the product exactly right. Was that better than the to stuff so much better than that so so much. How did we talk about that for forty minutes before report? Daniel adding trading changing slots. We'll just keep it going but probably did sound better than the two slogs. I had the next planning opportunity so well. Here's the planning opportunity from that. Just because you can trade today. You probably shouldn't do a lot of intraday trades when there's wild volatility especially inside of ats because potentially what you're trading. You're getting more than you bargained for. I just pulled muscle on that all right so let's talk about the third one loss harvesting and this isn't necessarily now tell me you might disagree with me. I don't think this is a ATS versus a mutual fund. I think this is just a tactic that you can use but lost harvesting is something. Let me say first of all definition loss harvesting all that means is within your taxable accounts retirement accounts but your tax bill accounts. If you have a loss you can lock it in and turn that loss to where it becomes a paper wasatch. You actually take a tax deduction for offset gains in the future. Now here's where I think while we put this in here e. get some special treatment. In the fact that it's much easier you could sell the P Wa and then go buy the total bond t.f or total bond. I mean total total Total Stock Market Index Fund. And you you essentially even though you sold the S. and P. Five hundred. Etf you've it's enough difference there that you could probably walk in the loss. Yeah one of the strategies that we were able to employ in the first quarter of this year is the market fell so rapidly so quickly normally we're able to loss harvest. I don't know maybe one time of year down years what it allowed us to do is we could have an index ask fund in the market drop and we can loss harvest and sell that fun and go buy a materially different fun but inside the same asset class well. The market would fall further inside of thirty days. We couldn't go by the original fund. We have a stable. What allowed us to do is build a stable of similar but materially different. Etf's that we can lost harvests across with mutual funds at least in our homes. It's been a harder thing to do each. Yes might allow you to do that now. Here's what you really WanNa do have a stable of both and then you can kinda control what exposure doing. That's how you end up having a very tax efficient portfolios long-term now because I've had people question us when we've done episodes on the LAS harvesting they'll but don't you end up in the same place I mean if you're selling a thousand dollars turns into Look I'm using super. Maybe I should use a bigger number. Let's see a hundred thousand dollars. Goes down to fifty thousand but then back up to one hundred if you did absolutely nothing. You're one hundred thousand dollars. Still one hundred thousand dollars went down. Went up the difference with a loss harvest. Is You go to fifty you? Walk in the fifty thousand dollar loss. You buy another equity type investment. That's different enough that you can take the paper loss. It goes back up to a hundred. Yes now you have an embedded gain fifty thousand but you have a paper loss of fifty thousand. You are in the same place. Here's the difference. You're holding for years so when you file your taxes in April you'll be able to actually turn a portion of that loss into a tax deduction that will lower your tax. Absolutely the Guy who did absolutely nothing not going to be able to turn that into the other thing is if your charitably minded if you sold low and now you reinvested and now you've got this essentially one hundred percent gain on the purchase when you bought when it was low if you give that to charity that our tax code share on you get the tax deduction for the market value is just a great planning. So that's that's why we're talking about unique planning things you can do this a little more sophisticated but definitely takes advantage of it and do give you some additional absolutely tools there. Let's pivot now too because I don't want to just pick them a mutual fund friends. You know we need to say mutual funds have a place to how about automatic dollar. Cost averaging alluded to this. If you are someone who wants to set up an automatic dollar cost averaging pam plan where every month I WANNA have a one hundred dollars two hundred and fifty dollars five hundred dollars fill in the blank and you want to just have that you don't think about it you don't look at you. Just automatically. Purchase mutual funds are the best way to do that. It's much more difficult to do that with. Yes in my experience. I've had folks said No. No no I only want to invest. In each allergist said a teaser that every month on the go in and buy a hundred dollars. Cf in sell day that you go into by maybe. The market's down really really bad. And you're like oh I don't know about that when you should be excited or worse well. The market's up a lot today by using mutual funds. You remove some of that emotion. We don't have to think about it. You'd have to figure out window by win not by you just said it and let it automatically star working. That's one of the reasons we love whenever we set up automatic plans. We do it. Mutual funds so. You don't even have to worry about it so we kind of fancy with some of our retirement plans put some. Etf's in there then a lot of the four one K. providers came back and said we're not doing that. We're not doing this. Mutual funds are so much easier because of all the things we talked about with automatic systematic savings plans mutual funds. Which is easy. That's that's why. Think about that when we were talking about the pros and cons but it is one of those things that I think definitely leans more towards mutual fund. All these things. I know we started this talking about the conflict. We Haven Jack. Bogle talking about wolves in sheep's clothing. I want to make sure I got that right. Wolf and sheep's clothing. Because that's the way he described. Ats kind of getting into the tour territory of his sacred index funds and index investing. But I think we've as we shared in today's show. There's actually a place for both. You just need to know what each one does. Well what each one has limitations in and then make sure you're just marrying the perfect combination for what your financial situation needs exactly. We think they're just two different tools in your tool belt. They can make sense in different situations when you say tool belt makes me think that we should have worn. I could warm up Batman Shirt and you could warn the the Robin Shirt again and it could have been the. The you know. Coulda done Batman in the boy. Wonder you know all these like Tim. The toolman tailor and Albor land out even take that one nice. Speaking speaking of tools is thing I've ever done is make us do the Batman and Robin. I love the joke that keeps on giving. Hey if you haven't seen that show you should.

Bogle Jack Robin Shirt P Wa Albor Daniel Tim
"mutual funds" Discussed on Dentist Money

Dentist Money

11:05 min | 1 year ago

"mutual funds" Discussed on Dentist Money

"Mutual funds or both funds with lots of stocks and bonds inside the just bought and sold differently of a mutual fund for example sample. One difference is the Mutual Fund has one price per day that settles at the end of the day the price of the Mutual Fund that day is determined at the end of the day. ETF was was invented to kind of be like a mutual fund. But have its price fluctuate all day long instead of just at the end of the trading day. Yeah I'm GonNa ask you trivia question. I don't know if you know this but you'll probably know the answer Eh. I tell you do you know what the first one I. E T F was that was ever created. You can't google it won't okay. Just give me five seconds. I want to actually try no idea. I'm going to say block made it. It was the spider lider not black spider s the SNP spider. Oh yeah the the spider fuss. Those were the first. CPF's yeah the S. and P. Five hundred spider was the first. ETF It trail and saying spider. Someone's like SPA Trades. I mean we'll spider is the name of the company S. PDR that okay Came that created the index. It's a short it used to. I mean it's called State Street advisors now They spiders like an acronym that they use news but S. P. Y. is the ticker symbol for the I S and P five hundred index. ETF Life and that was from nineteen ninety-three so kind of interesting trivia for all of you investing can't little little history but so it's a very different that's an different investment type uh-huh different investment vehicle. That wasn't answered. That wasn't the question. The point is these are all synonymous. ETF's index funds and mutual funds are just collections elections of stocks that you can invest in as opposed to individual companies. They're very different in how they're structured very different. They're different from a tax perspective active. They're different and how they perform But you you probably WanNa think of them more as synonymous as opposed to Like in in one account. Don't you might choose to have the spider that I talked about right. The S P Y and on top of that you might choose to own the Massachusetts Investment Investment Trust Index Fund from MFS. And then you might also want to have a a traditional vanguard mutual fund index an Admiral Index I Vets Amax and all three of those could exist in one account and they all accomplish very similar outcomes and you just would have three different types of investments that are tracking very similar things. So yeah cool. That's I think but but I definitely know one. Oh one day to the people need to know. Yeah well I think a lot of people wonder this stuff too because it's not. What are they teach this? Just here here on the dentist dude. And there's where they teach trick advisors eastbound group facebook money show. Everyone knows that so. I don't know if this is the scope of today's conversation but this like I think I would probably wonder this. If I was hearing this podcast would be well. Then how do why pick like how do I. How do I know? Shy by a mutual fund or an ETF. And how do I know which index to put it in my portfolio and part of Ben's question if you keep reading this question he says that his IRA and investment accounts That's managed by third party broker at a bank they're all comprised of dozens of mutual funds. So that'd be my next question is I'm learning stuff I would go okay. Well how do I know which ones the pick I. Actually I was reading something recently. There are more funds like mutual funds and everything that more funds than even companies that exist in the world than like publicly traded companies more funds that track the companies than there are companies that exist so. I think my next question would be like how do you how does someone go about beginning to you. Know which ones to pick. And how how do you choose which funds you should put in an account and do you stop it three Do you stop a bit. Two dozen we've seen it all of the board so I don't know if that's the scope of today's conversation but I think at least maybe point in the right direction would be helped. What do you think I will let you enter that? The number one thing is you you. I have to know like what your what is your philosophy. What is your belief in expectation about what public markets even are in the first place? Like do you look at this collection of fourteen or fifteen whatever thousand stocks around the world publicly traded companies. Do you look at that and go my philosophy is I believe me or someone out there that smart enough can pick the top one hundred and rotate through that and kind of like always be picking the best ones or do you look at this thing and you go. I don't believe anyone can predict who's going to be the best over any long period of time sustainably. So I kind of just want to own the whole thing you know oh proportionately to how I however I should and just like save money into it and hold it for twenty. Let's get into that a little bit at the end of Ben's question. I'm just looking at Ben's pens question now to see me realizing that think he ties into that a little bit at the end of his question and yeah what should I okay. Yeah so I think that he's the the second thing that you're highlighting. Though or that he highlighted was he was worried about fees. I think that was kind of exactly was worried about fees as and he was adding up each of the funds inside of his investment account. And his Um mm question just says that it seems like each mutual fund has a fee that is point five percent to one point three percent right so the we've got this Account and each of the funds he kinda went through and found this website that helped him be able to understand. These I was I was GONNA go. Yeah I was GONNA say. Let's just start there. How do you pay for a mutual fund? So let's just say you figure out your philosophy you figure out your strategy. How are you going to put mutual funds in your calories? Just say you put five mutual funds runs in your investment account. How are you paying for that? Aside from an adviser aside from a bank like trading costs or any custodial fees for having the account in the first place. How do you pay what it means? You'll funds charge. That'd be like one. That'd be the the question Asna on the answer that is something called an expense ratio and in. It's the subject of a lot of like marketing. Moore's now I feel like Who can be the chief in the lowest or free free huffing years ago expense ratios is very common because there's just fewer funds and it wasn't such a commodity They were much much more expensive. You'd see expense ratios which is just. It's a percentage that you'll pay every year just for the fund. It doesn't go to your adviser. Well he could depending on how they're paid but it it pays the Mutual Fund Company for hiring a team of people in running a mutual fund And it's called the expense ratio and it used to be. I mean common that they'd be in excess of one percent every years in expense ratio nowadays. That's ridiculous that's really expensive nowadays you'll see expense ratios literally. Nothing you'll see them below zero point one percent It's still normal to buy funds it with expense ratios of zero point two zero point three. That's still a cheap deep inexpensive fund depending on what you're getting but they're they're just they're much much less expensive than they used to be But they yeah they they used to be expensive. But that's that's how you pay the Mutual Fund Company for owning their product. Yeah that's their product is the expense ratio and they each have one so you have five different funds with five different expense ratios of different ranges inside of one portfolio and one thing. I want to clarify in. I think a lot of people get confused by his and Ben seemed to get confused by this to potentially Is he was adding up. All twelve of his funds which ranged from. We'll say half a percent to one and a half percent percents fees. He was adding up those he he added up all those fees and you know his the fee was starting to get like like you know. INEX- is probably pushing ten percent in his math because he was saying I'm an ad point five percent two this one. That's one point three that I'm going to add my third fund costs one fourth fund cost point seven five And and all of those fees added up. If you times times those by twelve he said than I my. I don't have any more earnings. Yeah it's crazy like it's all feed. Yeah that's that's and that's I think that's that's a common misunderstanding of how people how fees work. Because what really the way. You should calculate it is it. You don't add up the fees of each fund cumulatively to get your fees the each fund only has the point five percent to one point three charged on that at one fund. So your average fee across your whole account might only be one percent instead of like ten percent or something right which is yeah kind of. I think the mathematical term for this as a weighted average again go to Dennis advisors dot com slash group joined the group and re posted a video response where he explains how this weighted average concept except worse for fees for everyone. Does this refund. Because this is the life of a life of a nerd you sit in a parking lot of a Taco shop. And you explain how to calculate a weighted average on mutual fund expense. Five was a fun. This enjoyed that. Yeah so you go see the explanation there. So then I think that's an important thing to highlight just so that people don't get confused about how to calculate eight your expenses like whether you whether you're paying one percent or you're paying point five percent like that doesn't necessarily Lee mean that the person paying point five is better off like a boy. I think this is an important segue. Here is as index funds become become the accepted norm. Okay like a lot of people listening to this day. Already know this whole story. I just cheap index funds by an hold. I'm GonNa just hold it forever and to keep the cost low and here. I just wanted to like ask people that. Think about a world in the future where everyone invested index funds there was no old Massachusetts investment. Trust like there used to be in nineteen twenty.

Ben Mutual Fund Company Massachusetts google facebook CPF S P Y S. PDR SPA Trades S. P. Y. Lee Asna Moore INEX
"mutual funds" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

01:46 min | 2 years ago

"mutual funds" Discussed on WSJ Your Money Briefing

"We'll find out why in a moment I some money and market good news. You should know those credit cards. Were busy in July. The Federal Reserve says the consumer borrowing rose at the fastest rate in almost two years increasing by twenty three point three billion dollars. That's an annual growth rate of six point. Eight percent economists had been expecting sixteen billion dollar game now credit card use. I jumped eleven point two percent in July. That's the highest rate in twenty months and non revolving credit which includes things like auto and student loans but not mortgages rose five point three percents and the ease of working remotely has given lots of people the ability to pick up and leave big cities for smaller areas and while for workers hearing birds chirping rather than car horns honking sounds attractive. It's putting unexpected pressure on small cities now data from the website linked in reviewed by the Wall Street Journal shows that workers are leaving places like New York City and moving to Charlotte North Carolina in Orlando Florida and leaving Chicago for Nashville Tennessee see in Indianapolis. They're also leaving Los Angeles for Las Vegas San Francisco and Reno Nevada. The journals Ben ice reports that one downside is that many places I sir dealing with growing pains like fast rising home prices and traffic congestion while workers are moving there but they're not enjoying all the economic benefits that larger or city sea such as the deep investments companies often make in the areas where they're based plus economists say that workers tend to spread out geographically during an economic cycles cycles later stages and that raises questions about how these cities will fare in a downturn and workers are usually more confident about moving when the economy is strong and their employers are more lenient..

Federal Reserve Wall Street Journal Ben ice Las Vegas San Francisco Los Angeles Reno Nevada New York City Indianapolis Tennessee North Carolina Charlotte Chicago Nashville Orlando Florida sixteen billion dollar three billion dollars Eight percent twenty months two percent
"mutual funds" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

02:20 min | 3 years ago

"mutual funds" Discussed on The Dave Ramsey Show

"And so you know these are just standard growth stock mutual funds there's a whole lot of these out there ton of funds that fall in this area so the idea is pretty simple though the growth fund you know that's kinda right there in the middle you want something in the middle when it's pretty much gonna do about what the market does in terms of allah tilleke but you can get mutual funds that are growth stock mutual funds that outperform the s and p five hundred you can even get growth and income funds even though they're not as volatile that outperform the s and p five hundred then there's the aggressive growth fund this is the wild brother okay it's the crazy one and so you might guess it's going to be also called a small cap funds he's the small companies the startups a lot of tech companies and fall into their very crazy all the fun weird stuff is in there and that means some of it fails and goes to zero and so it's it's a crazier mix it's going to be much more volatile than the stock market is so it's going to go up faster than the market goes up but it's going to go down faster than the market goes down smallcap aggressive growth stock mutual funds also known in there as see smallcap aggressive go emerging market you would call it that too as well international funds means that the stocks in it are overseas companies they're not american companies it has a kissing cousin called a global fund if you think of a globe what is it it's everything so that would have international and us companies in a global fund and it would be a cousin to a an international by the way american companies generally outperform other international companies and by buying large as a group and so you're international fund will be your worst performing of the four over the last several decades and a global fund will outperform international fund because you put some spices in there you put some american companies and they're usually and so they're a little bit better but at least you got some stuff overseas you're not a hundred percent betting on the american economy not that i'm antiamerican i am not this is not a patriot.

us hundred percent
"mutual funds" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

01:44 min | 3 years ago

"mutual funds" Discussed on The Dave Ramsey Show

"Well let's talk about those first thing and because there's all kinds of names for mutual funds and the name of the mutual fund tells you what is in the fund okay a growth and income fund is also called a large cap fund our sometimes also called a blue chip fund the blue chip is the most expensive chip on the poker table so that means these are big companies in this large cap is short for large capitalisation largecapitalization means these are large companies and so your growth and income funds are large companies boring of the four types of mutual funds that i put money into and i recommend this is the calmest if you were to chart this volatility on this fund versus the stock market you would see it's a lot calmer than the market and so it's your friend when things are going down in other words it's your stable it's the big old dinosaur companies they're boring when things are going up by the way it's also boring that's not exciting when things are going up it's a downer you look at that thing going why is it not doing well when the rest of the market's going up because it goes slower than the market up and slower than the market down because this is stables land stable land a growth fund is right in the middle the s and p five hundred index fund would be considered a growth fund a growth fund is companies that are growing they're kind of medium sized company so you might call here at call mid cap fund.

"mutual funds" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

02:03 min | 3 years ago

"mutual funds" Discussed on The Dave Ramsey Show

"One piece of research shows that seventy four percent of the reason of retirement success is doing it it's called savings rate the number of you put money in versus talk about it and continually put money in year after year year after year year after year month after month week after week out of your check into your 401k over and over and over and over and over again this you get wealthy you do not get wealthy by saving on fees because fees don't keep you from getting wealthy that's ludicrous these are theories promote about people who don't do anything and most of them don't have any money so i'm a millionaire and i pay mutual fund fees to my broker bom just like that here that and you know why because i need a broker in my life and somebody that's an adviser i know a lot about mutual funds but i don't pick my own i let them pick out four or five i'm not going through eight thousand mutual funds i have what's known as a life i'm gonna actually pick out three or four dude i'm gonna sit down with you we're going to look at them i'm gonna pick out that takes me about thirty seconds and let me tell you pick mutual funds about eighty percent of the choice on mutual fund eighty five percent is based on its rate of return it's track record i look if the track records tied and i'm trying to look i look for the longest track record who's been doing it a long time i like neighborhoods with big oak trees when i'm buying real estate is what i'm saying like a long track record something stable i don't like risk i like to make money risky qu'ils not making money for me big risk anyway and i i you know i pay the fee i'll look at the fees and see if the fees are unusually high and i might pick a fund if everything else is equal has a lower fee but i'm not so you know some people are stepping over five dollar bills try and pick up penny's worrying about these fees.

seventy four percent eighty five percent eighty percent thirty seconds five dollar 401k
"mutual funds" Discussed on The Dave Ramsey Show

The Dave Ramsey Show

01:32 min | 3 years ago

"mutual funds" Discussed on The Dave Ramsey Show

"Don't outperform this and five hundred so if you if you're going to buy that well that'd be dom just buying this and five hundred but i by mutual funds that outperform this and p five hundred in my portfolio mix that i just outlined pretty much always beats that market because i buy funds that outperform the market it's not that hard to do you opened up the perspective and their two lines on the graph one of them is this and p five hundred if the mutual fund you're looking at if that line is below that s and p five hundred line don't buy that fun does this is hard really not that much to this but you're just tell people by those loaded funds yeah by a commission that's fine have somebody in your life helping you do the investing all the data says that you'll continue to invest doing that but when you when you're you know out there by yourself with all your theories and they you know some idiot newscaster comes on the evening news predicting the end of the world what do you do you cash out all your mutual funds at exactly the wrong time because you don't have anybody in your corner saying don't you don't stead you're just out there with your own emotions and the newscaster and that's how you pick out your when you jump jumping around the market and that's just dumb so all the data says a decent portfolio of good performing mutual funds wins and the big thing is actually putting money into mutual funds actually investing.

"mutual funds" Discussed on WSB-AM

WSB-AM

01:45 min | 3 years ago

"mutual funds" Discussed on WSB-AM

"Family of mutual funds is it all the same family is it all the same manager does it have a lot of ups similar names to it so for instance alma fidelity platforms all i'll pick on i like fidelity i think the good company in my clients enjoyed being having them as the custodian of funds and me as the independent investment advisor but if i were to recommend and i don't recommend mutual funds as we now right but he listens but if i were to recommend mutual funds and fidelity and every one of the funds i recommend to you is a fidelity fund fidelity this fidelity that fidelity the other thing really is fidelity the best funding every face an every asset a class i wonder then if that person's doing their homework exactly and what's the motivation there is there an extra commission is there an extra twelve be one city you read articles all the time where some of the bigger box firms and there's one happened last year got into a little bit of hot water over pushing a certain family of funds for twelve be one fees when they could have eliminated it and this happened this example of of the woman who's analyzing to stay or to move over to hoffman financial group you know i looked at some of the information that she was given and the funds are all the same like so rarely that doesn't add up to me and repetition yahoo you want somebody who's ignostic is going to go and give you the best of the whole universe out there and number three asked that advisor when they make a proposal on where they want your assets to be placed and or if you're looking at your car portfolio put them to task on this question if i want to take one of these investments out one particular mutual fund a few of these stocks i'm not comfortable with and i want to talk about something else to.

mutual funds advisor hoffman financial
"mutual funds" Discussed on WGIR-AM

WGIR-AM

01:42 min | 3 years ago

"mutual funds" Discussed on WGIR-AM

"The way mutual funds arch text is a good percentage of the tax on the funds happens while you're still holding the fund when things are bought and sold inside the fund that creates taxable events that if it's a nonqualified mutual fund is going to trigger a ten ninety nine and you have to pay taxes on now there's a couple of places where this can be really damaging and one of them is if you purchase a mutual fund after there's been an increase and sell off of a certain asset within the fund and you're still within that i guess fiscal year or taxable whatever it is that i don't really know what the cut off his depot got well be it would be based on the individual right of be based on your tax year well okay beyond national your tax year but what you can end up doing is you up having to pay taxes on gains you didn't enjoy while somebody else got the gains somebody else you know but now you have to pay the taxes you're buying somebody else's tax liability owned that happens and funds and then another thing that can happen in funds is if sometimes the fund managers will sell off winners to uh to counteract losers okay'd offset losers and when that happens uh if they haven't sold the loser okay that things just depressed and value so they hold onto that but they sell off the winter to to beef up the cash or whatever the value of the fund then you get a ten ninety nine.

mutual funds fiscal year
"mutual funds" Discussed on BizTalk Radio

BizTalk Radio

03:16 min | 4 years ago

"mutual funds" Discussed on BizTalk Radio

"No what about active management versus passive management and the fact that the index hers have really had the advantage over stock and bond investing utilizing active managers mostly because saying there is no management you by all market whether it's the sp 500 or the the lehman brothers area bond index or barklays or whatever when you buy an index there is no fees associating the by an etf the tracks the index and because of the low cost saving the cost of money management those those theoretically into your pocket and that is certainly been the case with actively managed a stock funds recently and as i have alluded to many times on this program historically speaking when you look at much longer time periods it is not necessarily been the case in particular if you're looking at certain types of actively managed stock funds where the fees are more reasonable no se lower court tile and where the money managers take an active participation by putting their own money in the money that they're managing and we have determined that those particular managers or mutual funds start mutual funds where this this thing called high active share where they're not just closet indexing you can achieve what we call in this business alpha that is some marginally better performance for a similar amount of risk or a better risk adjusted rate of return first we tackle the hidden danger and the bond market if janet yellen is right and again i am not going there i i'm not sure that she isn't right but i certainly wouldn't bet the farm that she is because many people that have over the last few years have paid a dear price for oil okay so garth freeze and wrote about this the hidden danger the bond market is riskier than you think and of course what they're talking about here is the fact that bond maturity is that the maturity dates in the duration of bonds bond funds in bonn indexes has gotten longer what does that mean well let me give you an example the longer maturity neil issuance they say here has an lengthened the average duration of the investment grade bond market that's pretty much what we buy we buy investment grade bombs because we don't want to put too much money into the socalled junk market so we buy stop that.

lehman brothers mutual funds janet yellen garth bonn
"mutual funds" Discussed on Life, Money and Hope with Chris Brown

Life, Money and Hope with Chris Brown

02:07 min | 4 years ago

"mutual funds" Discussed on Life, Money and Hope with Chris Brown

"Diversification it's a big long ugly word that just means spread around the bible says an ecclesiastical eleven to invest in seven ventures yes in eight you do not know what disaster may come upon land the point here is to make sure all your eggs aren't in say this with me one basket right all your eggs or not in one basket at the stockmarket goes down and you've got one hundred thousand dollars invested in hundreds of stocks that are all inside mutual funds then you're at a lot less risk than if you had one hundred thousand dollars all invested in let's just say circuit city or kodak or blockbuster video hello right so because of the diversification principle i recommend that you invest in mutual fund based investments like a 401 k at work or those view the nonprofit sector 40 three be at work or four fifty seven or whatever those at work instruments are or an ira or a mutual fund just mutual funds for themselves index funds by themselves is fine as well but there are still a lot of mutual funds out there so you may be asking which ones chris man you guys ascot questions you're looking for mutual funds with a track record of ten percent gains over ten years if you look at they might have some bad years has some good years but overall there averaging ten percent per year and that we've done a lot of mutual funds and there's a great website for this called morningstar dot com morningstar dot com and that's where i can go to investigate which ones are the best and you can handle look up all the stuff on your own if you're an investment nerd like me but what i really recommend is that you don't try to be an investment guru if you're not get an investment professional that you can trust and if you've been listening for any time now you know i'm going to recommend are smartvestor hello.

kodak ira mutual funds investment professional one hundred thousand dollars ten percent ten years 401 k
"mutual funds" Discussed on KSFO-AM

KSFO-AM

01:48 min | 4 years ago

"mutual funds" Discussed on KSFO-AM

"And why not make sure that you're investing the right way when it comes to looking at a mutual farm so now a lot of mutual fund people don't quite understand what you own they just invest diligently into those funds and hope that it works out years from now and they retires at sound familiar we'll start with as the basics because contrary to what many people want you to believe or think about mutual funds are complicated and there's a lot that you need to see and serena peel back the curtains this morning in good down some of the basics so a mutual fund is as it's a type of investment company that pools money from many different investors people and invest that money into stocks bonds money market instruments other types of securities even cash a lot of your money market accounts are nothing more than to stay mutual fund of cash from different sources of same pooled money so on the surface mutual funds are sort of like a basket you and other people put your money into this basket so you're funds are mixed with other peoples and there is a manager that's responsible to invest the money in its basket here she will use the money in the basket to buy the stock the bar on the other assets that they like and they feel that will accomplish the goals and objectives of the fund so this leads me to what i'll call my first commandment which is this thou shall not geno what they'll son had no what you're mutual funds are costing you so that i shall know what you're mutual funds are costing you write these down is are ten commandments the.

mutual funds
"mutual funds" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 4 years ago

"mutual funds" Discussed on Bloomberg Radio New York

"And we find him in our bloomberg 960 studio in san francisco might but i firmly blackbox head of equity trading and global head of fixed income index an ice here's mike nice to have you here with corey and my south it is interesting we are seeing more mutual funds you know and i started looking at it said like wait mutual funds buying into private companies that we are seeing them increasingly do this ugh thanks her great to be here you're indeed they are doing a lot more of it and in one of the reasons that they're it is the public markets are not offering the same kinds of a returns but we could have here in the past and so we'll the mutual funds are now starting to do with solely great disruptive technology companies come it's market is getting their early here's can realise more of the ins and bring them to the mutual filibusters and yet they're they're incompetent that is there you know wh when they're wondering if you if you are a thousand shares of apple arimbi financial or whatever it is you report the value those of the close the market on that day the stocks continue to trade after hours or whatever and it says to matter law not just in a given day but also at in at the end of the month of the end of a quarter when it comes to a private with your resident uber of your invest did in in in with a new name your startup if you're vested in the blue apron the mutual funds and in that we will blue apron where the funds were reporting a certain valuation that was quite high the public markets later would not value the thing that as much what does the risk of of uh if not abuse a reporter the wrong number good question i mean i think i think what what the mutual funds attempts to do on a daily basis is to figure out what the current value of that securities if any to to sell today and the reason they do that as any to apply the value that security so that they can figure out the true daughter the.

bloomberg san francisco corey mutual funds technology companies apple reporter global head of fixed income