Waiting to Invest is Costing You... A Lot

[@AwesumBear]

“The best time to plant a tree was 20 years ago. The second best time is now.” - some old chinese dude

[@jakemf1]

Awesum Bear overly simplistic view- the market is sky high right now and many expect a correction and history tells us there will be

[@amadeodante]

jakemf1 Well you were correct

[@rhythmandacoustics]

SOunds like Yang

[@Iendleasereit]

@rhythmandacoustics sounds like wang too

[@Davidchhoun]

The best time to invest was 8 months ago (March 2020). The second best time is now.

[@muchalucha4939]

"Even if you can't invest right now, at least start learning about it" This and the following statements made me subscribe. I can't invest much money right now, but you got me with this idea. I can still use the time I have now to learn about it, so I can have a stronger start and reduce the potential losses due to inexperience when I can actually invest money. I've been busy investing my time in myself and my qualifications, but there's no reason not to aim for more. Thanks!

[@ClearOutSamskaras]

I too thought that area of the video was excellent context, encouragement and advice. The ideas in your comment are also excellent. Thank you for sharing.

[@edwinlee2343]

Something else to think about. Once you start studying how to invest you may also become more encouraged and start looking for ways to save and/or earn more money. It has been 6 months since you posted this, have you made any progress on investing?

[@CloverPickingHarp]

Amen brotha. Good on you

[@likekimchi70]

Maybe you can start by investing 5% of each paycheck. That small percentage can help you get in the habit.

[@inhawaii4941]

And paper trade

[@renlin6614]

Most people that watch this video probably invest or at least know how to invest. While the ones that need this the most will never reach this video.

[@aritro3]

Not true I don't invest and never planned to before watching this just happened to see it

[@usebitchutefightcensorship1982]

I share this video with people who are scared of investing because they don't understand it

[@loangxuong9863]

So help you dumb friend and share it. I just don't have friends.

[@douglassouza7049]

@@aritro3 it isn't untrue just because you saw it. He said most people. But I do think it's great that you did see it.

[@TheNebraska402]

They watch Tik Tok videos

[@toppcaz520]

I started investing about a year and a half ago with low income I started putting $10 every check then I upped it to 20 up to 40 now I’m putting around 80 every two weeks seeing it grow most amazing thing ever thanks to all the KZbin channels like this

[@Viper4ever05]

what are you investing in?

[@alexnedelcu6651]

Where are you now? How is your portfolio doing? Cheers

[@marcusclarke5628]

@@iStrong113 unfortunately 120 won't get anything worthwhile

[@luciferin22]

How's it going 3 years now?

[@288theabe]

I barely have a source of revenue right now (I’m in seasonal work) and I still shove as many dimes and nickels into my investments as much as possible. I ran a compound calculation that if I invest 10 cents i found on the ground into my portfolio, that dime can turn into a dollar when I retire. Now imagine if I did that with lots of dimes, and alcoholic containers I find on the ground on a weekly basis. Combine that with what I put into my investments, I can retire sooner, and most likely...on someone else’s dime! Even if you screw up, investing sooner is often way better.

[@artemjetman]

Honestly no offense but that is not the smartest idea, the stock market is a great way to grow wealth but with such small sums it would be a lot better to start a business with that money, invest in urself, or sth else along those lines because 10 cents to a dollar is 1000% return on investment but at the end of the day it’s still just a dollar...

[@288theabe]

Artem Jetman why would I take offense to that? 🤣🤣 That method I mentioned is more for supplementing wealth-building though

[@iliaadamanthark8336]

Use value investing if you want long term investment. Avoid value trap. Study from Peter Lynch or Warren Buffet, and many fundamentals study. It helps me through this pandemic. While other fund managers yield negative growth, i manage to keep my growth positive.

[@expeditionvehicleadventure2141]

Outstanding explanation. I wish this was around when I was 20. I will definitely be sharing this with my 19 year old daughter.

[@officialniknak]

@Justin Zurawski I'm 21, and I still feel like I'm late to the game since I started only a few months ago lol. It's okay, there's plenty of life ahead of us and plenty of money to be made!

[@singhrajat]

How are your investments doing now!?

[@christopherellis2663]

Should be taught at school. I did two years of economics, and investing didn't get a mention.

[@conorm2524]

I didn't start until I was 38. I was oblivious before.

[@isaachossain2807]

@@christopherellis2663 But I am seventeen years old and I have been taught a lot about the share market, index funds and ETFs during my preparation for A level exams in economics.

[@KnowingBetter]

This is going to sound extremely morbid and depressing - but I think a lot of us don't actually expect to retire. Either, we think we're going to be working until we're 72 or we're convinced we're not actually going to make it to 65. How do you convince someone in that mindset to start saving for retirement, when they are already struggling day to day?

[@nachannachle2706]

A lot of people have already stopped working full-time, so that they can live (and work) longer. I think that people will gradually re-learn to live within their means and cut on unnecessary expenses (i.e debt for fancy cars/holidays/gourmet meals). Retirement has always been a myth to keep people at work and motivated through their very dull jobs. If you enjoy what you do, it is not work, it is play. And people are always happy to play, no matter how old they are. :)

[@ThePlainBagel]

That’s an interesting question, and not an easy one to answer. At the end of the day, I think you need a nest egg at some point for your own security; you may get sick, you may be unable to work when you hit 70, or you may not be able to cover your costs unless you have something to supplement your income. For people living pay check to pay check it’s going to be hard, and you’ll need to cover your bases before you get started, but I think it still makes sense even if you don’t expect to retire.

[@mynamejeb8743]

yes this is very prevalent mindset where i come from in Indonesia. middle income class expect to be working until they are in their 70s+, they barely think about making their own retirement plans and investing, even as simple as putting it in Terms Deposit or Bonds

[@RichardServello]

Once you hit 40 it's easy to realize you don't want to work forever

[@TheNebraska402]

@Austin Duke ditto. After having a shitty job in your early 20's, a person realizes there has to be another way

[@behrensf84]

Paying down debt is great. It’s risk free investing.

[@carlmannhard8051]

Depends on what you used that loan for :)

[@behrensf84]

Carl Mannhard if you have a credit card loan that has around 17% interest, paying that in full is like having an investment that pays you 17% and is 100% risk free! That’s tough to find a better investment than that...

[@apc9714]

Nice joke but I want to ruin it. If you have a fixed debt due to inflation paying it tomorrow will be far cheaper than paying it today, and because of opportunity cost you are losing additional money.

[@behrensf84]

APC 219 what’s fixed debt? You mean 0% interest? Only mom and dad lend money like that...

[@ac130angelfire]

Felipe Behrens or governments...

[@calvinraab8798]

So many people wait till there is a market drop but in the end never end up investing out of fear. Great video!

[@jmitterii2]

Then the vast majority end up investing lots and when they really need it because they get violently ill or whatever and must retire or drop out of the workforce or worse they're laid off... and really really need that fucking money, POOF it's gone.

[@MichaelJosephJr934]

I'm 53 and just started investing 2 years ago. I'm doing well with Old Man Dividend Stocks Hold Forever. However I jumped in the stock market about 15 years ago and started to lose money quickly. I panicked and got out. Boy do I regret that now. I can only imagine what my portfolio would look like if I had a stronger stomach back then. Damn It!!!!

[@Krogzaxants]

Awesome you have time enough. You can build alot in 10 years and people become older these days.. Also we become more healthy in general. Good luck with your investing wish you the best!

[@MichaelJosephJr934]

Good motto!

[@ClearOutSamskaras]

@@Krogzaxants "You can build alot[sic] in 10 years." How much do you think can be made in 10 years, if you were to give a dollar estimate? And what vehicle would you be using to make the money? The stock market?

[@ClearOutSamskaras]

+Michael Pollini were you invested in American or Canadian stocks, or were you in a mix of both? 15 years ago brings us to 2004. I think the wreckage of the dot com bubble would have been mostly settling to settled and so the market was not in the doom plunge of 1999-2000. I'm surprised your foray was so strongly loss making. I'm curious, what sectors were you invested in?

[@Krogzaxants]

@@ClearOutSamskaras Depends on the person. How much they deposit into the broker. Lets say 500 each month. Then you can aim for few hunderd each month from dividend. And if you have knowledge about options you can use covered calls and or selling naked options, to improve your monthly income.

[@pablouribe1522]

Im 22 years old. This whole channel make me realize i need to change a lot of things and i even start investing. Thanks Richard!!!

[@ktburger659]

I’m 37, I barely have anything saved. Start now!!!

[@randomdude6205]

The inflation data aged like a fine wine.

[@lallyji8051]

You can feel the honesty from this guy man. People like you make the world a better place. amazing. keep it up.

[@Andoresu96]

"Just a hundred dollars a month goes a long way" *cries in third world*

[@aurkom]

But the cost of living is low too.

[@pritiroy6849]

10 dollars works too

[@Aragon1500]

Cries in part time job because my local labor market is fucked

[@deskejtx6211]

@@aurkom yes, but they pay you low too, so its expensive for us

[@tnikoli40]

@@aurkom but that lambo is 300k everywhere in the world

[@cristianoavelino3186]

I LOVE THIS CHANNEL! I’m sorry I haven’t seen anything like this 20 years ago. I’m from Brazil, 46 now and started investing last year. The knowledge you give is priceless and help people all around the world 🙏🏼

[@rparmezzano]

Cristiano Avelino Nunca é tarde demais para começar... 😉

[@Krogzaxants]

I just turned 32 and invest into dividend stocks. Im so thankful i've seen the dividend shining light. Just started with a 5000 account. Next month i receive my first 2 dividends from AT&T and Verizon. Can't wait! Also have JNJ, WBA and ADM they pay in september. To bad most great dividend stocks are at all time highs right now.

[@shaunre8363]

Just think, todays all time highs could look like great deals in 5, 10, or more years.

[@inhawaii4941]

@@shaunre8363 can you still say that today

[@thb7620]

Dividend reinvestment for the win!

[@thelevelupcommunity]

How’s it going?

[@andreasisaakme]

Thanks, one of the most important investing lessons, if not life lessons, ever.

[@macrogenii]

84% of stock market "investors" lose money... Bagel boi doesn't see the recession eye of the storm we are currently in.

[@andreasisaakme]

Macro Genii This statistic may be true for short-term speculators. Long-term investors are much more likely to win.

[@ThePlainBagel]

@@macrogenii Where is that statistic from? Also a recession is certainly possible, if not likely, but as highlighted, it doesn't matter a whole lot if you're investing for several decades. You can also weight your investments accordingly without holding 100% cash in anticipation of a recession. “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” - Peter Lynch

[@macrogenii]

@@ThePlainBagel It's from investing.com. What happens when there's a recession and no ammunition to stimulate?

[@EliWallace154]

I love your videos man! I am convincing people to invest and the first thing I do is send them your videos. Thanks so much for all you do, from me and the other fans we love your content and keep it up!

[@ThePlainBagel]

Appreciate the support man! Thanks for the words of encouragement and for sharing the channel!

[@studybuddy3960]

Women especially feel uncomfortable or not sure enough to invest! I have asked so many of my female friends if they invest and all of them have said no. It's sad and needs to change!

[@marinekappa82]

I target my female relatives, friends and co-workers the most about this. Keep pushing but don't be too pushy and they'll hopefully come along and start as well.

[@nachannachle2706]

A lot of women tend to "invest" in their children exclusively because they assume that their children will look after them in their old age regardless. The problem with this strategy is that if your kids are struggling financially, they will have trouble looking after you and you soon become a "burden" to them. I see it happening every day, and it is not pretty. :(

[@mrsmith1097]

To be fair though women (in general) tend to have a lower risk tolerance than men.

[@tonyrae86]

Unfortunately, lack of accessible education plays a large role in this as well. Because women usually live longer than men, they also need to save up more for the same quality of life after retirement. :(

[@MaxMaxx-tb6nz]

It's all patriarchy's fault

[@Floigenkaspar]

You've already convinced me 6 months ago when I found your channel. Keep up the good work. I think you're really helping a lot of viewers.

[@marinekappa82]

I share your videos with friends and colleagues to get them to start investing. Way too many people in their 30s and 40s who haven't taken this seriously. Thank you for another great video.

[@Krogzaxants]

I also try to wake up people to dividend investing. They just keep calling buying stocks gambling. Ah well..

[@sbrazcan6596]

It took me a while to start investing for many reasons...life isn't a straight line for everyone. After I finally started about 5 years ago at the age of 36 I am still learning from some mistakes I make here and there. So yes, the sooner you start the better!!

[@AprilLashon]

I’m 50 and I’m learning on my own…self directed investing. Pray for me😂

[@manav4632]

one way i thank god i am watching this while iam 17 years old , and being aware of investing early , thank you so much

[@ClivesEnglishCorner]

The great info, the windows message joke, and the gray background joke just won you a new subscriber.

[@jenniferzapata8167]

Wow! I never get tired of hearing these concepts! I help people and families set up saving plans for a living. I cannot help, but feel passionate about teaching others how to make their hard earned money work for them, manage risk and save on taxes. You’re either working these concepts or they’re working you. Great video! Short and to the point!

[@JakubMareda]

Insane how much has changed in 4 years. Saving accounts can now be around 6%, inflation, depending on where and who you ask can be up to 5%. Everything said in this video is still true, but the numbers changed quite a bit.

[@TheJuryIsOut]

Should be compulsory viewing for all those starting out on their careers and graduates. Brilliantly packaged for easy viewing.

[@UmTheMuse]

While investing is definitely important, it pales in comparison to investing in yourself. College, yes, but also learning on your own, investing in cost-saving devices (such as a more energy efficient home), and paying down debt can all yield more or yield similar amounts with less fluctuation in value. I think the bottom line is that stockpiling money should be an active thing you do, rather than expecting the world to fall to your feet just because you didn't spend as much as the next guy.

[@DankstaNug]

"Luckily in America, Inflation isn't that bad..." Me watching in 2023 😮‍💨

[@kage-fm]

your upgraded gray background makes all the difference!

[@xoxo-sf1zg]

Your videos always have high quality of investing knowledge. Kudos!

[@alexanderpike1641]

For your US viewers, Ally Bank offers a HYSA with a 2.10% APY, Barclays offers a HYSA with 2.20% APY, and PersonalCapital offers a HYSA with 2.30% APY as of 6/30/2019.

[@zebapy]

wealthfront is 2.51 (7/2/2019)

[@alexanderpike1936]

Zeb Pykosz good call!

[@csavory]

Lovely video. Appreciate how calm and clearly you speak.

[@AlexTheBurman]

"I hope this encouraged you to learn more about investing". It definitely did! Thanks for explaining it so well.

[@SuperFob88]

The public school system has failed us, they teach us trigonometry but not useful stuff like investing and preparing ones tax returns. Thank you for producing these videos, always look forward for them

[@basti1993x]

SuperFob88 „keep them stupid and keep them poor.“

[@Shankovich]

Schools teach you a range of things because they don't know what you'll end up being. Whining that "they teach us trigonometry but not useful stuff" is in itself a useless argument. It's like a chef complaining that they didn't teach cooking enough in school and that learning about taxes was pointless. Actually, most high-schools in Canada have business and finance classes, but they have to be picked, so really most of us who avoided them only have ourselves to blame. Case in point, trigonometry and math was very useful to someone like me because I'm a R&D engineer that has worked on multiple aircraft and engine programs in Canada and America. Open your perspective a bit.

[@epsilon3821]

@@Shankovich However the vast majority of people inevitably need to learn about taxes while trigonometry ìs by default a specialized subject that applies more to those seeking the relevant career path. What the person argued does not necessarily mean trig is useless, but the fact that something indispensable is neglected. Why don't you get off your own high horse and ego?

[@anuar143]

@@epsilon3821 what is so hard about doing tax? Spare a little time googling and asking someone who has already done it, then you're good. In fact, most of the developed country has already developed their own system that you just have to put your annual income and you got your tax amount already. See, schools teach you stuff not to learn only about trigonometry as per se, but to help you develop your own learning skill. That's why most of the subjects are touching on critical thinking such as maths, science, and literature. So if you could master that, then learning about tax is easy peasy for you

[@epsilon3821]

@@anuar143 you confuse content with context based on just the way the school system is designed simply because people are exposed to those subjects does not necessarily mean they will actually apply them in real life In fact this whole debate is about effectiveness of the system. We know their intention behind it but if you actually look at how they are taught, theyre treated as machines to be programmed what to think Disclaimer that I'm not saying maths science and literature is bad, just that the system is obsolete

[@ziksy6460]

It took me three tries to get into investing. During my first two attempts, I got scared real quick when I started seeing reds on my portfolio. But third time's the charm! I've been investing regularly for the past year and it's feeling like one of the best decisions that I've ever made.

[@AdnanUtayim]

There are many good channels on yt, this is on a whole new level. Please keep doing what you do!

[@hamster6484]

Hey Richard, your video was well done I could not have talked about investing better myself! There is a lot of fraud out there about investing and I think its another reason why people are resistant to invest.

[@dynastus]

Excellent points. I'm guilty of waiting to reinvest after selling a rental. Still managing to do it gradually as time and timing permits - moving the money into REITs. Still, think it's better to seek value than dump it all into something that's overbought.

[@Laurell_Silentshade]

I think part of problem is the lack of early education on these concepts. The only way I learned was through my dad and admittedly I didn't really start to understand it until my late 20's when all I had was a modest minimum wage job and a few hundred dollars to my name. So yeah, I still probably don't have as much as I should, but starting with some small things in addition to a TFSA is starting to see some momentum almost a decade later.

[@Kevin_Street]

Ways to "game" the system and have enough money when you retire: 1. Start with a lot of money and let it grow into an even bigger pile. (Not an option for the vast majority of people.) 2. Start to invest as early as you can, and keep as much invested as long as you can. When you hit 65 you don't need to zero out your investments. You might make some major withdrawals to pay for things like dream vacations, but the rest of the money can stay put and keep compounding so it's there for you when you're 75.

[@BusyBodyVisa]

I love this guy. Not at all charismatic and tells it like it is plain and simple. Good video, subscribed!

[@kash8220]

I waited to invest. Now I’m buying the dip.

[@Rikimkigsck]

Since that video Nasdaq is up %125 I am sure a lot of people thought Nasdaq was already so high

[@methos1999]

The irony of the emphasis to invest as young as possible is that normally the young don't have much (if any) money to invest nor likely to knowledge of HOW to invest. I know I was one of these people - plus there's many expenses to hit younger people now - school loans, car loans, possible weddings, home down payments, childcare, etc.

[@reecepesce8527]

I love your videos, even if you are invested already and making monthly contributions, these videos are still very educational and reinsuring. Keep it up 👍

[@lauricevillaflor4795]

So happy to be able to find this video at the age of 25! What I like about The Plain Bagel's videos is that they are inspiring yet realistic.

[@magictotem492]

This is the motivational speech I need. I'm 29 and I will start investing 500 in total stock index every month. I will stick with the index since I'm not Warren Buffet and hope for the best. I wish I started 13 years ago when I got my first job.

[@ericschumaker5126]

Out of curiosity, I ran the numbers on an online investment calculator to see what would happen. If you stick to your plan, investing $500 every month, for the next 36 years (assuming you retire at 65), and assuming an average rate of 10% a year (the long-term average of the S&P 500 over the last 30 years), will give you about $2.1 million in retirement. Bear in mind, this is not formal financial advice, and I ran this on an investment calculator, which does not exactly mimic real-world conditions. But now, you see what Richard is talking about when you wait to invest. Stick to your plan. It’s a good one.

[@partukaiouza]

great advises! long term is the only way to "beat" the market or better minimize the risk of your investment ( also diversification is crucial)

[@Man235821]

hey richard can u make some videos on how to analyze a company's fundamentals? specifically i want to ask for a guide on how to read/understand/analyze a company's annual financial report (what investors should look for). Also, would like to know more about how to read the balance sheet of the company

[@conorm2524]

Any dip in the equities market is a bargain buying opportunity. Drill that into your brains. Don't panic. Don't sell. Buy more.

[@hiepnguyen220]

You open my eyes “Time Value of Money”. Please keep up rewarding video. Thanks

[@christopherzorthian8182]

Started investing this year just in time for the market to take a nosedive, thankfully I watched enough KZbin to realize the situation and I’m taking advantage of this opportunity to invest more while stocks are on sale

[@NegativeAccelerate]

Well here I am wanting to invest since I was 14 and am currently 17 with strict AF parents that believe anything other than getting a degree and secure job is a failure. They won’t even let me get summer job cuz they believe it takes away from my studies. Literally started watching financial videos when I was 12/13 to aid my fantasy of escaping from my parents someday. Let’s hope I can be financially independent in 4 years. (2 more of school and be living without my parents help by my second year of uni) they also told me I’m not allowed a job at uni but hopefully I can take up a job behind their back and move out into my own place.

[@nachannachle2706]

This was an awesome video, Richard! I can sense you are feeling for those who are missing out and speaking from a magnanimous (smart) heart. I'm definitely sharing this video with my people. :)

[@djtkm]

In South Africa, We have Savings accounts with around 10% interest, but our inflation is around 5%.

[@tomiesto240]

Video 1: "Investing won't make you rich" Video 2: "Waiting to invest is costing you your chance to get rich" ... Oh ok.

[@ThePlainBagel]

Haha I always maintained that investing was important, the first video was just about gauging expectations

[@ClearOutSamskaras]

+tomiesto240 Both videos are not "the truth". They are perspectives. You have not discovered some earth shattering inconsistency.

[@tomiesto240]

​@@ClearOutSamskaras Lol no u

[@grnt1976]

Past performance does not predict future results. Ever heard of the dark ages? That took like 1000 years. With all this fed-tinkering, massive leverage (corporate, individual, government), etc. I'm happy with the return of my capital, not return on my capital. Inflation is low and I get alpha from a 2.7% CD. Once the S&P round-trips to 1000 again (low was 666 on 2009, it's more than quadrupled from the bottom), I'm glad to throw back in (actually in stages starting around 1800). Most of my money has been made in real estate and plain-old paychecks. Stocks have not been so great. I think fed-tinkering has grossly exaggerated the value of many assets due to TINA investment (there is no alternative). You only have to get rich once- I'm 52, retired 8 years and prefer not to gamble. I wish, however, that I could tell my younger self to buy and hold in index ETF funds 30 years ago, but again- past performance. As your final 4 words suggest "Be safe out there." If you have ANY debt- start with that. Then have a 6-month legit emergency fund, then invest in income-producing real estate that you own outright--- then consider this bastardized market of equities. I can't even stomach telling anyone to buy bonds- maybe TIPS, maybe some gold.

[@jewlouds]

tomiesto240 investing won’t make you rich..today.

[@joecombs7468]

You are absolutely correct about waiting. And if someone thinks they don't have enough money to buy stock, they can set up a brokerage account & have their bank take money from there bank account every week and put it in their brokerage account. Even if it's just $10 a week it adds up. And when you have enough to buy the stock you want it's already in your brokerage account. You can beat inflation with stocks. And the more you learn the better you will do.

[@cheekymonkeygirl3378]

You seem immensely candid about everything and I like your channel a lot. 🍒😌

[@PabloElBlanco]

bro i've been watching you for 6 months now and I love your vids. Very helpful and I stopped treating robinhood as gambling. That being said, please look into the camera more, this video almost seems like you arent sure of yourself. Love your vids, keep it up man

[@bvm437]

I made enough to have 200k in my savings accounts but just barely started looking at stocks because all that time, I didn't think I knew enough about it, so I didn't want to take the risk.

[@TheNebraska402]

Nice work! Now just remember time in the market > timing the market. Don't throw all that into investment at once lol

[@CeyhunBabashov]

And it is also important in which stage of economic cycles you invest and in which you take your investment out to spend. Very good video, thanks

[@TheDreamSyndicateArts]

Definitely agree. It seems crazy to get into the stock market until it corrects. It's weird that I never hear investing channels talk about dollar cost averaging+ going bearish when the market's overheated... money that you could just sit on until the markets cools

[@arhgentumm]

But isn't this particular time (mid 2019) unique because literally everyone is predicting an impending recession within a year or so. Does it make sense to sit on cash specifically right now just to see if the recession will bring down the market, Then buy in? Give us advice please.

[@jackson.denzler.]

Goran Trtanj just buy

[@ClearOutSamskaras]

Your third sentence was confusing and awkward. You need a comma between "market" and "then", not a question mark. The question mark should be moved to the end of "then buy in".

[@ianbutters7090]

Goran Trtanj - time in market beats timing the market over the long run.

[@AdamSmith-gs2dv]

@@spacemanschannel6380 It's averages man, bull markets run for around 10 years on average we are past that average already and I already see signs of a peaking market (ie precious metals and commodities [minus oil] soaring, inverted yield curve, global geopolitical turbulence, ect)

[@HandyClock]

Everyone was talking about a major correction a year ago too, and this year has gone pretty well in the market. You can't predict the future, and waiting to invest is likely going to cost you.

[@Man235821]

A very informative and well-crafted video! Very insightful and sincere advice given :) from Singapore

[@onlypremiumlife]

Great advise! Have you done a clip on the basics of investing for beginners?

[@aseth9541]

1 in 2 is way higher than I expected.

[@aaron159r2]

What does investing actually mean? Buying stocks? What about a bond, is that an investment? Is a short term treasury bill an investment? What is opportunity cost in a zero interest rate environment?

[@teframsay3548]

Dope video, I’ve started investing at 27 , and I’ll never stop ! thank you for the content

[@WingofTech]

“Governments sometimes print money. . . “ that was foreboding lol

[@lordandrak]

great videos, wish my parents hadn't been such scared little rabbits and had invested 20 years ago. in my early 20s so I hope to make my inheritance, using great advice like your channel, to really work for me.

[@jobinjosemathew14]

Loved the video especially loved the "fix" error part

[@daveterrier2228]

I understood compounding worked against me and paid down debt, but was slower to understand how it could work for me. I suggest using a compounding calculator to really see what exponential gains can do for you, esp. the back end of the curve

[@brainchasm]

Three kids, youngest is 7, oldest is 10. I worked very hard and put away about $4k for each, into Roth IRAs for them this year. All into VGT. We saw 30%+ over the last twelve months. All I have to do is keep this up (obv not at 30%), and I’ll have made multi-millionaires. Time is eeeeverything!

[@collyflower6623]

Your kids make $4k in earned income?

[@rockstarjoe5725]

@@collyflower6623 no

[@collyflower6623]

Legally, Roth IRAs must be funded by income earned by the recipient. Allowance doesn't count either. It's possible that each of OP's three young children are raking in $4k per year. But the account is not intended for parents to make gift deposits for their kids

[@rockstarjoe5725]

@@collyflower6623 she said she put away 4k not making a return of 4k. meaning deposited the 4k each as an investment for the future

[@collyflower6623]

Right, I didn't mean making returns of $4k. I meant that parents can't fund it on behalf of their kids if the kids aren't earning that much money through a job.

[@freddyRpoly]

Turning 18 in a few months, been learning all I can and setting aside money to start as soon as possible.

[@Shankovich]

Love all your vids and I've really learned a lot (also xbox gamer). My only counter argument right now is the dreaded "recession around the corner" one. I really feel like waiting one more year before going in more. There is no way to predict a recession well, but a lot of historic indicators have tripped this year (multiple yield inversions, U.S. unemployment rate starting to level off, etc.).

[@ThePlainBagel]

Thanks for the support! That's fair enough, and by all means if people want to wait a year that's fine, but I am cautious to recommend timing the market, its very difficult to predict the next downturn, even with yield inversions and other glaring indicators. My own approach is to invest appropriately given these factors.

[@me-myself-i787]

It's amazing how right we all were. Happened right when we expected. But it wasn't as bad as we expected.

[@outtagoodnamesdangit]

I started at 34, finally taking my dad's advice when my new job at the time had no retirement program in place. I've taken some extra windfalls along the way and put them into my investments. Even after the highs and lows we've been through since, I'm worth 8 times more now at the age of 42 than I was back then. It's the easiest advice in the world to take and some of the most reliable, and it's a crying shame more of my generation aren't taking advantage of it.

[@torch_k8110]

Finally started investing. Thanks for your advice and information Richard!

[@Masfugo]

my first investment was around the age of 25 I bought 3 gram of golds from my saving lol and then I found mutual funds also while researching mutual fund I read a bit about how to manage my money now I'm living quite comfortably while keeping the practice of managing money now I'm wondering how I could life so frugally back then when I didn't even have that much money :')

[@ChocolateMilkCultLeader]

I started investing recently. Thank god for channels like this.

[@Alliefrownie]

I live in the UK as a US citizen and it is next to impossible to get an investment account here because of US tax laws. UK banks simply won't take you on as a client unless you already have a very large sum of money. Hopefully, that will be me one day, but my only option so far is to use a US exchange rate and transfer the money into an old account I had when I lived in the states. So really my only other option, as to not pay exchange rates is literally sitting the money in the bank since it will be cheaper than transferring it and paying all those extra charges.

[@thedude4795]

whish someone told me, years ago; "just invest in something low-risk" Because paranoia is whats holding a lot of young people back...

[@pinur_paglami]

4:20 rule of 72. 72/rate of interest = approx time the amount will double. Indian saving accounts give 3-3.5% roi. inflation is 5 %. FDs give 6-7 %. once my FD matures, im going all in on investing

[@davesalwayswatching6463]

“At least I hope the markets don’t drop.” Oh boi, March 2020 didn’t like that statement. Hell, June 2020 didn’t like that statement.

[@cnash5647]

Dips and bumps are unavoidable, just hope that it doesn't reach the bottom

[@honkhonk8009]

Now the market is fucking soaring so damn high its insane LOL. The moment stimulus checks got announced

[@bygnahzdivad]

Richard's showing some tough love in this video, 😁😁😁!!!

[@joshhouseham]

Awesome job Richard! 👏🏼 Think it’s great that you’re putting in this kind of effort to educate and inform as many people as you have. Keep up the great work I hope you be become the next Casey Neistat of investing videos 😎 Cheers 🍻

[@optimusdebugger9638]

man I love your contents! So natural the way you're making it. Smooth editing skills too

[@DavincisGirl66]

I'm using your videos to help my teen to learn how to invest. Thank you for this wonderful content.

[@nachogrimoldi1359]

I live in Argentina, I'm 21 and inflation here is 50%, your videos are great but hard to apply here.

[@koolaidpuc]

NachoGrimoldi move and go live elsewhere! No excuses !

[@gebhardt2]

Bravo! Keep saying the obvious. Keep driving the root concepts home. Time in the market beats market timing.

[@Baekstrom]

It may be true that it is never too late to start, but it is certainly true that it is never too early to start.

[@seancarnell1503]

This needs to be taught in middle school, high school at the latest. When I was introduced to exponents it was gibberish. Wasn't until I went back to school in my 30s I was even introduced to TVM functions. Earlier you learn this, the earlier you start investing, the better you'll be.

[@404nonexistent]

Thx to the YT algorithm for promoting this vid years later.

[@Fitvibesguru]

awesome!! I am 26 started now! But the thing about opportunity cost is absolutely true

[@graham1034]

I think the main problem is that housing costs keep increasing while wages have been stagnant for decades (inflation adjusted). Here in Vancouver the median take home wage is around $3000/month (after tax). The average 1 bedroom apartment is around $2000/month. Living on $1000 a month for all other expenses doesn't leave much room for investments. Now a couple could have $6000/month after tax (on average) and paying maybe $2500 for a place, but add in kids and you're no better off. So to actually save anything you really need to either be DINKs (or single with roommates) or have a higher than average income. Of course, as mentioned in the video, even investing $50/month is way better than nothing.

[@Polimuni]

Man, you've opened my eyes even more!

[@jonathanbickish9862]

I just started making a budget and I am going to be investing very soon. Probably within the next month. I’m so glad I know this now when I’m 19 then 40 years later.

[@calvinjong1257]

Thanks Richard for the insightful videos on investing. It's super helpful especially to us millennials. I certainly appreciate it a lot! :)

[@willelliott5052]

Not until the age of 46 did I wise up and get serious about paying off debt and investing. Fortunately I had a bigger income shovel than most people. I have tried to give my kids the financial advice that I lacked at their age. Delayed gratification generally leads to greater gratification (and not just regarding money). No toy gratifies like financial peace and security. If you do everything right starting when you are young, you can retire early and become a philanthropist. Anyone can. And part of getting it right is not settling for 6%!

[@ifty369]

Many millenials remember the big market crashes of 99 and 2008.... Some remember their parents selling things they enjoyed or dealt with the stress their folks faced during those times.... I think this shouldnt discourage anyone from investing