As an investor, you need a place to house your money and actually do your investing. This is called your investment vehicle, and there are several to choose from. In today’s video, we will go over how you can choose the best investment vehicle for your individual situation.
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Thanks for this information! I'm just starting out and needed something easy to understand. Going to hop over to your other videos and hopefully learn some more!
what is considered a high tax bracket ?
My 401k does allow me to allocate my funds as see fit but my company doesn't match or contribute. Should I continue contributing to this or instead open up a Roth IRA?
4:44 I'm not sure the Roth works the way you think it does. Could you please explain what you mean, because if you withdraw early from a Roth you have to pay taxes and penalties… http://www.fool.com/money/allaboutiras/allaboutiras07.htm
Employer 401(k) and 403(b) up to the match and then Roth IRAs. Thank you 1,000 times for all your knowledge and education to Team Phil.
Opened & Funded my self directed account after the December Rule #1 Workshop in Peachtree City Georgia! Now I'm just digging my canyon and getting pretty excited! Thank you Phil for your inspiration! I am 38 years old… the same age as you were when you started! I'm excited for what the future holds for my family and I and I have to say… The Rule #1 way of investing has made me look at retirement in an entirely new and refreshing way! Again… A big thank you Phil. Looking forward to more of your great videos in the New Year! Merry Christmas and Happy New year to you and your family! 🙂
I have a Roth TSP for my job and a Roth IRA outside of work.
Hello Phil you should do interviews with individuals who have testimonies utilizing your strategy. That way we can get further in site and have them go over which part of your strategy was key for them in utilizing rule #1.
Hello Phil, thanks for all of your advise and wisdom. I was wondering where i could go to open a SEP IRA where i can choose individual stocks to invest instead of funds. Thank you and have wonderful holidays.
I am young and just started a career. I ended up opening up a Robinhood Account and started small account without a lot of money and using automated deposits to keep building that account. Outside of that I have a company Roth 401k that my company matches dollar for dollar up to a certain limit.