Ray Dalio gives 3 financial recommendations for millennials

Founder, Chairman and Co-Chief Investment Officer of Bridgewater Associates Ray Dalio talks to Julia La Roche in 2018 of Yahoo Finance about the value of savings and investing.

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[jattaya]

3 Tips:
1.Focus on savings
2. Diversify-across places, asset classes etc.
3. Be wary of debt that doesn't aid in savings, or might not earn you a return in excess of the debt. Avoid debt for consumption
4?- Also if you're going to time the market, do what goes against your instincts/makes you uncomfortable, such as buying when others don't want to.

[Chu_Strums]

Remember to reduce your speaker/headphones volume after this...

[steveenn]

Finally an interview where Ray Dalio doesn’t get interrupted every damn second!

[coryg]

Dalio should run for president! He has a great understanding of economics, business cycles and capital markets. But then again, smart rational people don’t tend to run for president.

[denisa.minihane]

Refreshing to see a good asks a relevant question and allows Ray Dalio to answer fully without constant i interruption, unlike so many this approach is of value to the audience

[pcefsbx]

1. Have a positive cash flow each month, and save that cash in a separate account.
2. Use the savings to buy assets, assets that increase in value or increase your income.
3. Be different. Don't follow trends when purchasing assets.

[CommandoMaster]

First - Look at how much you have saved to live off of and for how many months
Second - Invest in assets rather than have in cash
Third - Do the opposite of the general public opinion

[fyllc]

He's practical and explain complex things very well.

[ZuvioxArts]

One of the best quotes around this from warren buffet: “find something that makes you cash when you sleep, or you’ll be working until you die”.

[dmoe]

I love learning from Ray Dalio. I've read his book Principles and I must admit it is by far one of the most compelling, detailed, beneficial books that I've ever read. Thank you for sharing the knowledge you've accumulated, when applied it is very beneficial.

[JD..........]

1) Saving: find out how much you save vs. borrow
2) Diversify In multiple areas
3) Invest opposite your instincts (against the crowd - buy when others are selling and sell when others are buying)

[lemonarry]

The market reflects the crowd. Sell when no one wants to sell; buy when no one wants to buy.

[jackbrady]

6:00 for the 79th richest man, the GOAT hedgefund manager, raised in USA, to say this shows just how important it is. All his life he would've been surrounded by people telling him everything that goes against this statement.

[rodjames]

The Market Reflects the Crowd. That right there is the best free advice you will ever get. Ray is a master at his craft

[sebastianheine]

Ray is my idol, he is so genuine and clearly cares about the success of other people. I hope that I can become even a tenth of the man he is.

[stratcat]

I'm counting myself millennial too!

[aliqazilbash]

Thank you Mr. Ray Dalio!

I’d listen to him and then listen again with a pen and paper in hand.

[InvestingCity]

Love what he said about holding cash is basically losing money. Need to put that in investments!

[phrozen]

Wow she didn't interrupt him like all the other boneheads

[lendavidhart]

Brilliant, and humble man, thank you for posting.