ilmscore | How I plan to make my kids RICH - My Stock Market Investing Strategy

How I plan to make my kids RICH - My Stock Market Investing Strategy

Published: 2020-03-19
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The speaker advocates for cost dollar averaging by investing cash into the market on a staggered basis.
"I personally am throwing as much cash as I have into the market not all at once but just on a staggered basis it's called to cost dollar averaging"
Investment Strategy
Pending
Saving and investing $10 per day is projected to lead to significant future wealth.
"I've told people you know if you could save ten dollars a day you would be very well off in the future"
Investment Advice
Pending
The speaker has opened and is contributing to UTMA accounts for their children's investments.
"I've opened up stock accounts for every single one of my children... I am contributing to an investment account it's specifically called a universal managed trust account"
Children's Investments
Pending
Mandatory distributions from Roth IRAs begin at retirement age, requiring withdrawals.
"you can withdraw money from your IRA account and this is mandatory that you do it the government says you have to start buying crap with your Roth IRA account when you reach the the retirement age"
Roth IRA Withdrawals
Pending
IRA funds can potentially be accessed for starting a business or in emergencies with minimal tax liability.
"there will be coming a point let's say you make some money in the stock market you want to start business it is possible to either do a rollover conversion and then pull money out of your IRA account or you can there are ways to get money out of your IRA account in an emergency or tragedy"
IRA Investment Potential
Pending
Vanguard ETFs are recommended for broader risk diversification and reliability over single stocks, especially for those with limited capital.
"all those things considered I really like Vanguard but I also have eyes shares here and it's done very well for me overall so these single stocks unless you have a lot of money to play with you know I would say avoid those"
Vanguard ETFs
Pending
VOO, the Vanguard S&P 500 ETF, offers diversified investment across 500 different stocks.
"it's just like vo Oh which is the Vanguard SP 500 ETF you're not buying one stock you're buying a whole bunch you're buying 500 different stocks in the SP 500"
Vanguard S&P 500 ETF (VOO)
Pending
Disney stock was purchased for children as an investment tied to a future family trip to Disney World.
"I just bought into Disney the other day normally I wouldn't even have Disney on this list but I bought it for my kids the other day cuz we want to go to Disney World next year and I said we can go look at our investment kids"
Investment in Disney
Pending