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47 comments
you can pull your original investment out of a roth IRA tax free…you just cannot pull the capital gains out tax free early
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I've admired top investors' ability to build wealth through savvy investments. Now, with $230,000 in hand, I'm weighing my options. Should I invest in stocks and potentially benefit from economic growth, dividend income, and diversification? Or should I wait for a more favorable market?
Hall Cynthia Wilson Amy Garcia Sharon
I've got some money and would like to Invest in stock market or some advise.
Lopez Kimberly Jackson Helen Brown Susan
A true dividend stock is a REIT, BDC, CEF, Etc.,General Motors is not what I would invest in for the dividend. And don't understand his fixation on mutual funds, unless you want historically poor returns.
Dave “paid cash” for his real estate😂
I strongly disagree. I started late with dividend investing and as long as you do your due diligence then it pays well. Starting at 28 and investing 15% could land you $900 a month by the time you're 60.
Gonzalez Jennifer Clark Joseph Johnson Timothy
Jones William Perez Jeffrey Hall Richard
Dave is wrong here. You can infact withdraw contributions from a Roth ira penalty free.
Dividends from the stock market got me into investing. What’s important is that with smart investments, you can live off dividends without selling your stocks. This can also benefit your kids by giving them a financial head start. I’ve invested over $600K in dividend stocks and am still buying more, especially as prices drop.
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?
Aren’t mutual funds more expensive
So this is shockingly terrible advice from Ramsey.
Ramsey: "You can not pull money out of a Roth without being taxed" – FALSE: You can pull out 100% of your CONTRIBUTIONS ONLY tax free if you really needed to.
Ramsey: "Passive income, you've been reading too many websites" – FALSE with a caveat: Although true, do reinvest your divedends. However for the caller, married filing jointly, with less than 94K earned for 2024, he could recieve long term capital gains on QUALIFIED divedend payments ONLY, tax free before retirement age.
That last part is extremely important and if you did not understand please do your own research.
Harris Frank Thompson Gary Martin Melissa
Honestly, this situation makes me feel uneasy, especially with the Fed cutting interest rates by 50 basis points. It signals deeper economic concerns, and I'm uncertain about my $130K investment strategy, particularly with the possibility of not just a recession, but a potential depression.
Thomas Jessica Miller George Jackson Charles
The part everyone misses is that everyone assumes people will retire at 65. If that is what you want, growth stocks are the way to go, but if you are like me and want to retire at 46, dividend investing is what you want. I'm retired, getting 3k in dividends a month and so is the wife in her own account. We have no debt and the house is paid. We don't spend even close to half of what we are earning and keep re-investing the leftovers. Since we no longer work, we are not tied to living close to work anymore. We sold our house and relocated to a new home with a pool outside the city. So it really depends on what you want out of life. Grind and hope you make it to 65 to enjoy more money from growth stocks, or retire early and life off dividends.
Brown Matthew Perez John Thomas Timothy
Hernandez Elizabeth Martinez Lisa Miller David
Williams Karen Johnson Elizabeth Anderson Daniel
Oo boy. So 1 you can always take out your total contributions from a Roth with 0 penalty. It’s already taxed. You just cannot take out any of your gains. 2. Tax rate on qualified dividends, is 0% until $89k per. So your qualified dividends are tax free in a regular brokerage account. So many mistakes for an “expert” in like 5 minutes.
Ppl need more money from dividends payout. Optimally reduc* c*o salari*s to pay much higher dividends.
Allen Carol Young Paul Allen Sandra
You can also invest in Dividend specific ETFs, not just single stock companie.
Solid Dividend ETF Examples: SCHD, DVY, XLE, VNQ
Johnson George Thompson Timothy Young Sandra
You can withdraw contributions at any time without taxes or penalties. Withdrawing earnings needs to meet two criteria to be penalty-free: The account has to have been open for at least five years, and the owner has to be age 59 ½ or older. Contributions: Money you add into the Roth IRA that you already paid taxes on.
Rodriguez Barbara Taylor Elizabeth Lopez Linda
Optimization of performance is achieved through diversification. Because of this, I have focused my attention on market sectors including stocks, the EV industry, renewable energy, technology, and health that have strong performance and are expected to develop. You'll be astounded by how much may happen in a few short years if you continue to contribute on a regular basis. Here's to $1 million and to FIRE
"You can not pull ANYTHING out of a Roth IRA before 59.5 without being penalized and taxed"
Your own contributions Dave. Come on now.
“I didn’t do any of that, I’m 61 and bought real estate.” That ship has sailed for the rest of us boomer.
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I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
Martin Melissa Thompson David Clark Sharon
Jones Frank Lee Matthew Miller Jeffrey
Martinez Dorothy Harris Eric Gonzalez Carol
Taylor Elizabeth Allen Nancy Johnson Carol
Taylor Elizabeth Allen Nancy Johnson Carol
Johnson Edward Anderson Mark White Jason
For a few months now I have been searching tirelessly for information on how to start investing. I even payed $1000 for a course that I now regret. It appears that there is no structured guided for beginners on how to get started in this realm. I've came across several investors making well over $250k/annual and would be grateful if anyone on here could provide insights on how to get started, identity potential stocks, when to make an entry, exit etc.
Miller Susan Rodriguez Eric Walker Kimberly
Walker Michael Lewis Jose Walker Barbara
Taylor Ronald Lewis Steven Taylor Patricia
Taylor Charles Harris Larry Perez Thomas