Anton Daniels patreon

What's inflation and how it's affecting your net worth... STAY AWAY FROM CASH | Patreon Exclusive

🕑 Added 2021-07-07 11:57:10 +0000 UTC

Comments

Jitt From 305

Fire content 🔥🔥🔥

Robert Whitehead

Too much sauce...

JEREMY THORNTON

Catching up on content, I love it!

Andre Jenkins

Thanks for making this content

Gemini Thoughts

This video gave me the push I needed to start investing vs having my money sit in the bank!!

Shelly Ro (Beautiful Disaster)

Anton, you're the reason I decided to pull my savings out and put it into crypto and investing accounts. Appreciate you!

Deus Ex Machina

Thanks for the info. That makes sense.

Jamique James

Unless you qualify for early distribution exemptions (age or other circumstances), there'd be a penalty for withdrawing from most (if not all) retirement accounts. Therefore, their liquidity comes at a higher cost relative to individual brokerage accounts. So in most cases, stock investments you want to remain liquid would be best placed in an individual brokerage account over a retirement account. See here for early withdrawal retirement account exemptions: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions

Eugene Celistan

First time learning about inflation I feel like I been getting robbed 😑

Raymond Brown

Really insightful. I stopped holding cash back in 2016 when I moved everything into crypto aside from what I needed to pay living expenses.

michael carter

Inflation is on the rise and is here to stay no matter what the fed says they will have to raise rates

Deus Ex Machina

If you need your money to be liquid, does that mean you are investing it into an individual brokerage or retirement accounts like a traditional IRA or Roth IRA?

Deus Ex Machina

I would try to diversify and include indexes that track the SP 500 and total market like FNILX and FZROX.

Amanda (Adorkable)

I get that FDVV is an ETF, so by it's nature it's somewhat 'diversified,' but the idea of having it ALL in only one fund would make me uneasy. What's your thought @Anton Daniels?

Ira McMillan

Thanks Anton! Just sharing my tactic. I do ALL my finances and investing thru Fidelity. All of my short and long-term funds and Roth IRA are invested in fund, FDVV. I'm getting an average return of 7-8% to date. I have a brokerage/checking account I use to pay my bills that I keep a buffer of $1k in, in case I need cash. If an emergency comes up, I cover it with my Fidelity Visa, and if needed, I will sell a portion of my FDVV from short-term emergency fund to cover the expense. But this has not happened yet, thankfully. Over the next few months, I budget in to build that emergency fund back up. Also, I get 2% cash back on all my purchases with the Fidelity Visa.

The BucketMan J

The only way I can talk to you anytime is on masterclass? Because I cant make the livestreams. If that's the case can you put me on the list. I just need a month.lool

The BucketMan J

I cant pull my money out fast enough in the stocks. Or can I?

The BucketMan J

So is stock market like a bank?

Raziqilm EIB Worldwide

Well, I answered my own question!... glad to finally tap in

Adeniyi Kukoyi

Great information about inflation. It's really a shame that more people do not understand this concept. Thanks for the knowledge, will be sharing the patreon with others so they can learn too!