How to Become A Confident Investor in 2022 | Live Q&A

[@happytravels2480]

I appreciate the fact that you don’t do the clickbait thumbnails! I refuse to click on any thumbnails with the hand, 0 face, or excessive clickbait. It’s just overdone and irritating. Keep doing what you’re doing👍

[@edf2953]

Rob, i think your credit card rewards investment strategy is brilliant! Thanks for sharing….Ed

[@andrewharmon8321]

Hi Rob. Love the content as always. Adding a couple comments in reference to your credit cards reward fund. First I have the fidelity rewards card so 2% cash back directly into my investment account and I agree that it adds up fast (and it is free money.) Second I created custodial accounts for my 11 and 13 year old where I give them $50 a month each and then they can do chores around the house to earn more ($5 to cook dinner, $1 to feed the dogs, etc.) put directly into a total stock market fund. The goal is two fold: first to teach them the relationship between time and money and second to teach them the power of continuously investing and compounding interest. My 13yr old gets it and her eyes light up when she sees how much it has grown. My 11yr old ins't there yet and would certainly fail at the marshmallow test ... but we have time. I consider it a requirement of mine as a parent to teach both of them what money is, why you work and what that salary means, and what compounding interest can do for you both positively and negatively.

[@anujgupta9293]

Great stuff Andrew. Wondering where did you open custodial a count for kids? Is it with fidelity? Do I need to have investment account with fidelity to open custodial account ? Thanks in advance

[@andrewharmon8321]

@@anujgupta9293 Hello Anuj, Yes it is with Fidelity. I do have a personal investment account with them prior to opening the custodial accounts, but I do not think that is a requirement. Opening the custodial account was easy and only took 15 minutes or so. As a side note don't forget that kids can have Roth IRAs once they are old enough to have qualified income. Additionally while the contribution must be the lesser of their total earned income or $6k, they don't have to fund it and you can do that for them. Once my kids hit 15 or 16 and start summer work I am going to make a deal with them that they get to keep their salary and I will pay them again in the Roth IRA. It will give them a boost on their retirement savings without forcing them to invest everything they make (because I know I would have had a hard time not spending some money from my first job.) Good luck and happy savings :)

[@anujgupta9293]

Great advise. Thanks

[@SKITTLELA]

With the Fidelity card, can you set it to automatically purchase certain investments? Or does it just go to a settlement/money market fund where you have to then manually do stuff?

[@walker2837]

Hi Rob. Just happened to catch part of your Q&A today. Good stuff. I'm now a subscriber and will start going through your past videos, God willing and if the creek don't rise..

[@truthlove1114]

Rob, investing your credit card rewards is a great idea, wish I’d thought of that. Am now considering doing it as well.

[@noveltyrobot]

Investing CC rewards is a major life hack!!! I'm obviously not at your level yet, but it quickly adds up. I'm 80% SCHD and 20% SCHY. Thank you professor.

[@_ScubaSteve]

Love you livestreams and all of the other content you’ve been putting out! Can’t wait to get back to work next week and be able to actually catch these live.

[@SlickNickster]

Thank you!

[@MFAx2]

Hi Rob. Thanks for your videos - oh, and for your book. I watch you pretty much every day. You’ve inspired me to be much more involved in our investment decisions. You just mentioned that only one person had commented on your credit card investment strategy. I’d like to be the 2nd one to comment. We just implemented a similar strategy, and I’m very excited about it. We’ll see how it goes; do you invest the money in a taxable account? Thank you again for your good humor, your investment insights, and for inspiring investing courage! 🎉

[@louiswelrod]

Rob, Your videos are great. I invest my Credit Card Rewards into UTMA college funds for my grandkids. In the up to 18 years invested for each, I think they will be quite significant.

[@michaelreiser1326]

Hi rob. I think everyone will agree that you are very knowledgeable in investing. How are you passing down your knowledge to your family? So they can invest on their own?

[@loramclain4201]

Best advise for starting late?

[@123jochi]

Where are the Chess Puzzles?

[@celtosaxon]

@Rob Berger - video idea: who is a good candidate for an EE bond ladder?

[@slimdawgwoof]

If you do a video on conversation strategy suggest you include social security tax trap, widows tax trap, medicare irmaa, higher aca premiums. It's not a simple estimation....

[@rob_berger]

Agreed.

[@70qq]

thanks for this video

[@slimdawgwoof]

Bless you for not unboxing it.

[@davidrogers0717]

Looking forward to your video you said you were working on. Roth conversation? I’m considering it. Have too much in tax deferred. Would like to have some tax diversification.

[@VietnamSteve]

Maybe with a portfolio with 10% international stocks one should consider exchange rate risk. Never thought of it? Really? It’s one of the risks listed in any forex ETF description.

[@dougg4633]

My net worth is $3 million (2.5 in real estate and .5 in cash). I have no idea how to proceed. I'm tired of real estate and need to come up with a plan

[@daveschmarder-US1950]

I had a thought on dividends. I don't like them that much for the reasons you stated. But I offer what I think is a history on how come they are popular. Back in the old days, a dividend was a great way of extracting some cash from the stock, as selling a few shares each quarter was expensive, given the brokerage fees back in the day. But a dividend check sent to the shareholder was free of costs. What do you think? Might be a good way to add on to what you've already stated in your videos. This week, I've been rebalancing my portfolio due to distributions and the sale of a fund on Jan 1. My aim is to increase the tax efficiency using ETFs. I'll be slowly selling my long held mutual funds, according to keeping my AGI down. (Distributions have always been taken in cash.) My RMD starts this year in my smallish IRA.

[@michaelrudolph7003]

Why no mention of funds like QYLD or RYLD? Significantly larger yields paid monthly.

[@michaelfriedman2221]

Rob - do you travel? You can get a lot more mileage (pun intended) for your card spend transferring Chase, Amex, and Citi points to travel partners compared to cash back

[@rob_berger]

When I travel with points, I take what the trip would have cost in cash and transfer it to my rewards investment account. That said, I haven't traveled with points in a long time.

[@bryancohen4519]

Rob i want to use M1Finance but they dont do index funds instead Etfs. As a buy and hold investor can u explain which way makes more sense as far as going through Fidelity or M1? I want be able to reinvest dividends .

[@tsansalvo9268]

Thank you for what you do - you are providing me and I’m sure others with excellent information

[@BlakesFinance]

hey rob love the info you provide and your videos I was just wondering what software would you recommend to track our portfolio and if its free that would be perferred

[@celtosaxon]

Interpretation: short sell Home Sense 😆

[@MacWeb2]

Hi Rob - you are doing a great job, thanks for sharing. Two and a half hours is difficult. Can you condense?

[@robertingram9404]

I think you are quite dismissive of margin trading unnecessarily. In my opinion there are some situations in which margin trading is a completely valid approach to long term passive investing. I’m thinking of someone who is young, and has a low net worth in comparison to their income, this person would be able to use what could be considered relatively small dollar amount of margin to accelerate their investing journey and would have the short to medium the future cash flows available to support this

[@SKITTLELA]

I've seen this argument before from reputable folks, but the cost just seems so high (I think Vanguard charges 6% interest or more.) idk..

[@michaelfriedman2221]

Wheeeerrrrres SALTY?????? 😒

[@rob_berger]

Good question. I hope he's ok.