BAG TALK - Where We Translate Wealth! Tyrell Ryan and Hnu Thaper are your hosts.
Social Media Accounts:
Tik Tok: @bagtalkshow
Download the FREE Monthly Budget Template
Download the FREE Stock Market 101 E-Book
Download the FREE Crypto 101 E-Book
Video Title: Ep 2 | TOP 5 INVESTMENTS TO MAKE IN 2022!
ONE: INDEX FUNDS An index fund is a mutual fund or ETF which tracks the price of a collection of stocks. To simplify the definition, it is basically a giant basket of stocks that you can buy into for one low price, without having to buy individual stocks one by one, at their full price. In the last year, the S&P 500 was up 27%. The advantage of investing in an index fund is you get the diversification of 500 different companies while simply investing in ONE investment, which historically has outperformed 90% of actively managed funds.
TWO: INDIVIDUAL STOCKS With individual stocks, the higher the reward - the higher the risk… which means you HAVE to be invested in CREDIBLE companies!!! In this video, we've included some companies we like due to their financials, current news, fundamentals, and prior performance history. One thing to note, please do not buy into the hype and CHASE after picks like GameStop or AMC without doing your research.
THREE: INVESTING IN A ROTH IRA It is NEVER too early to plan for retirement. A Roth IRA is a retirement account that lets you contribute up to $6000 per year of after-tax money. After the age of 59.5, you can withdraw your money COMPLETELY TAX-FREE, which includes all the interest you've accumulated.
FOUR: CRYPTOCURRENCY This one is heavily dependent on your risk tolerance. However, we do want to note that no matter how risk-averse you are, it is a good idea to have some exposure to the cryptocurrency market! You can choose to invest either 5% of your overall investment portfolio into this market, or you can go north of 25%. In this episode, we discuss Bitcoin and Etheruem, which have the 2 largest market caps within the crypto market. We also mention Solana as an emerging crypto in 2022.
5. INVEST IN YOURSELF No matter what your background is, we want you to know you CAN build a successful future. And we want to help you with this! We've provided you with a FREE budgeting template, which you can use TODAY to find out where your money is going. Check out the link above to download it now!
So let’s build it together! Join us on the journey towards FINANCIAL FREEDOM!
DISCLAIMER: THIS PODCAST IS INTENDED TO PROVIDE YOU WITH OUR GENERAL BUSINESS OPINIONS. NOTHING IN THIS PODCAST IS INTENDED TO SERVE AS LEGAL OR FINANCIAL ADVICE. BE SURE TO DO YOUR OWN RESEARCH AND CONSULT WITH A 3RD PARTY LICENSED ATTORNEY, CONSULTING FIRM, OR ANY OTHER LEGAL RESOURCES TO UNDERSTAND THE LOCAL RULES AND REGULATIONS THAT MIGHT AFFECT YOUR LOCAL BUSINESS OR YOURSELF. PLEASE UNDERSTAND THAT WE ARE SHARING OUR OPINIONS AND THOUGHTS WHICH WE HAVE GAINED FROM OUR EXPERIENCES THROUGHOUT THE LAST 5+ YEARS. WE CANNOT GUARANTEE YOUR SUCCESS OR ANY RESULT, SO PLEASE DO YOUR OWN DUE DILIGENCE. ALL RIGHTS RESERVED. NO PART OF THIS PODCAST IS TO BE REPRODUCED, DISTRIBUTED, NOT TRANSMITTED IN ANY FORM OR BY ANY MEANS WITHOUT THE PRIOR WRITTEN PERMISSION OF BAG TALK.