How to Invest in 2024
In this episode of the Rich Dad's StockCast, guest host Andy Tanner interviews Corey Halliday, about the intriguing dynamics of stock and options trading, especially in a volatile economic landscape. Tanner and Halliday dive into the sustainability of the U.S. financial situation, the ramifications of derivatives, and the potential impacts of political unrest on financial markets.
Emphasizing the philosophy that the stock market climbs the wall of worry, Corey explains the logic behind investing in assets over holding cash, highlighting the importance of producing over consuming in both good and troubled times. The conversation provides a deep dive into investment strategies, including the benefits of owning businesses through stocks, the practice of compounding dividends, and insights into specific investments like oxy and its significance.
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00:00 Introduction
03:28 Navigating Risks and the Future of Investing
07:13 The Philosophy of Investing in Assets Over Cash
14:32 Real-World Applications and Strategies for Asset Growth
16:56 Corey's Investment Insights and Strategies for 2024
31:01 The Importance of Education in Wealth Building
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
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First one🎉
Let’s make some maney 🙏
I am the first one to view and comment.
Woah, I made it early for once!
Wow thank you 🙏
Big ups and big love for the awesome daily content. Because inflation devalues your savings, it compels everyone to be an investor. Meaning you need to preoccupy yourself or offload your time/energy to the study of investment opportunities both of which are very costly. Thanks to Adriana Jensen for showing me the appropriate way to get into bitcoin investing and trading with his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Adriana Jensen
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
The internet is filled with so many useful information about Adriana Jensen’s crypto….
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Adriana Jensen’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Important conversation
I am 17 years old from Algeria, and my father tells me that you must study to go either to university and study civil engineering in 🇩🇿 with the difficult situation and the unknown fate of this specialty in the country, or to go to the military, as he believes that they are two safe ways for me financially. But I tried with him in every way to convince him that I have a goal that I want to achieve. He says to me, just follow me and keep your mouth shut. I missed out on many opportunities, including the bull market in crypto, which required me to study and put a lot of effort into knowing the time of the rise and how to exit the market, in addition to the relationships I formed with new friends who have the same interests as me. What do you advise me please? I need help 🙏🙏🙏🙏❤️🙏 on how to reach… My goals are at this age and this experience, but now I have $0
How are the building trades in Algeria?
Can you get into them, and do they pay well for Algeria standards?
If you can get into an apprenticeship program that pays you to learn, then you will start off earning money rather than borrowing money for debt.
Wealth is built over the long term, not the short term, however, if you are prepared and ready for an opportunity, then you can invest into a solid opportunity should one cross your path.
If the building trades in Algeria are not a financially beneficial as it is in the US, then it may be better to follow your father’s suggestion to go to University and study engineering.
It is understandable that you have your own dreams and visions, but don’t dismiss your fathers advice outright, as you can utilize his plan, to achieve your dreams.
Once you have income from a job, you will have the money to invest in crypto. Keep in mind that you don’t need to purchase a whole bit coin, you can purchase a fraction of a bit coin in the same way you can purchase an ounce or a fraction of an ounce when purchasing silver and gold.
The first step is to obtain a job that provides you a good living so that you have the money to make the investments and build the wealth that you want to build.
At your age, you have the time to study engineering as well as study the methods that the rich use to build wealth. But without a source of income, you will not be able to implement the methods that the wealth use to build wealth.
Start with building the skills necessary to have a good paying job.
From there, you can start looking at what you want to achieve.
You don’t clime a big mountain in a single step. You take multiple steps to get there. Your father’s plan,is a good starting point to reach the top of that mountain you want to climb.
Just make a point to put a tenth aside, for that dream you want to go for.
That way, when the time comes, you have the money to make an investment or tied you over until your dream starts producing income.
There is something else you need to keep in mind;
Motivation comes from dreams, faith, and vision.
Success comes from strategy.
In my experience, if you have one and not the other, you will fail.
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.
People don’t understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don’t match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn’t working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Jeff demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Question: if you sell covered calls on exxon for example. If your shares are locked in a contract on exdate … do you still get the dividends ?
love the video. thanks for excellent content