Stop Investing In The Stock Market Since It's Down?

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[Lourd-Bab]

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.

[marcusarelius]

$300K annual income and they only have $400K in their retirement? It sounds like the hard part for them will be reducing their lifestyle during their retirement years.

[cooleobrad]

They're in for a pretty drastic lifestyle change if they have been living off of $300k/yr, but still have a mortgage and only $400k saved for retirement in their early 60s.

[BarbellFinancial]

This is the time to ramp up investing. Not slow down. I know it doesn’t seem rational, but you can’t argue with math or data.

[sundroppuddleton]

Her husband makes 250k and doesn’t have an IRA or 401k - no retirement savings vehicle to place his income? That is odd

[TheSmoothGrind]

Yes, buy high, sell low. Lets use our emotions to guide us every aspect of life.

[joekerr]

People enjoy buying most things at a discount with the exception of stocks.

[leesilas]

What Dave should have touched on was why do they only have $400k in a 401k with a $300k income. He never asked them if they had any other debts etc.
I feel with that income they do not have enough investments to support anywhere near the life style or what ever it is they are wasting their money on.

[boston]

Love Dave! however, in 2022 S&P 500 has been fallen 20%, the Dow is down nearly 15% and Nasdaq has dropped 29%.

[grantguy]

With income of 300k and very little 401k of 400k at 60+ means they probably need to work quite a few more years unless some major life style change/downgrade.

[CB_]

Imagine walking into the store to buy your favorite pair of pants and they just happen to be 20% off. You hold off on buying them until they go back to full price. I don't understand this logic.

[livingunashamed]

Yeah thats awful amount for being in their 60's. Having a million dollar home means nothing unless you sell it, or generate income off it. It would be awesome if things were flipped. 400k home and a million in investments.

[jasonhutchens]

When you are thinking of panicking and selling all your stocks it is really time to pick up some extra hours and double down on your investments.

[bruceconnor]

I get it, invest in safe heaven assets cos profit level usually drops in these times, but I cant help but read up and watch articles of people that were still able to pull up heavy profit of up to $580k within a few weeks and I'd like to know how they did it.

[FrankS]

My wife and I are late 30s and make $170k per year with the same as her in our retirement accounts. She has all her equity in the house and nothing else in their 60s. Not good planning.

[chrisa]

Honestly, your net worth sucks based on your age and income. Where’s all your money going over the past 30 years??

[FrankS]

Year to date:
DOW -13%
S&P -18%
NASDAQ -26%
Russell 2000 -24%

Let’s go Brandon!

[COMMANDRofAWESUM]

How can you make $300k a year, be in your 60s, and only have $400k in retirement savings with over $300k left on your mortgage? Sounds like people who drove around in leased BMW’s for the past 30 years.

[justintoth]

I see two items that are disturbing. One is only $400k in retirement account. The other is still owing over $300k on a mortgage. Technically millionaire status but in my 60’s, doesn’t feel like that.

[ForTheChristians]

Just to drop some facts, as of the publishing this video:
the S&P 500 is down 16%.
The NASDAQ is down 26%.
Dave probably isn’t up to date because he just admitted he hasn’t looked at the retirement portfolio. 😉