In this video, I will show you how I am allocating my assets as we enter into a global recession.
One of the first and most important steps to take (regardless of the economy) is to create an emergency fund. If you have been a longtime subscriber of the channel, perhaps you have already established a buffer/emergency fund.
What are you doing with your money? Saving? Investing? Share below
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What are you doing with your money? Saving? Investing? Comment below
100% discounted stocks, when we go up will shift back to index funds, after we reach bull market again sell stock replenish 10% bonds and rest back into index and save up for the next stock market crash
Nate O’Brien
Hi! I’m from Japan.
For me 90% saving, 10%401K
I know, I’m not smart. 😹
I think you should tell us what the following knives are so that we can get out of it to a four in it.
PS good video
@Yun did you not have stop loss limits?
Stock will bottom out,gold and silver out,banks will wipe out all accounts. Stay safe
I’ve waited for the recession for soo long (since I was really young in 2008) and saving as much as I could and now finally I’m going to start investing. I definitely think that right now is the best time to start investing or to double down.
Can you do an updated Business IDeas video? Do you think lawn mowing is still a viable plan? I was about to pull the trigger and buy some equipment and register a business, but then all this stuff started.
where do you go to read how much cash flow a company has ? or reserve cash ? did you make a video on this ?
What do you think of Tesla stocks? I read that at 40% down, it’s still expensive! Is Telsa hyped and overpriced? is it a good stock to buy?
B A personally I think they’re a good company who will stay around. I’m investing in index fund or etfs that are in discount.
EV’s only do well in a healthy market. Currently it will probably go down further. People will move to buy small little cheap cars that run on gasoline. Gasoline also dropped so it’s less lucrative to buy an EV. think.
Thank you for all the advices. I always look forward to your posts. I have a question, I typically put 15% towards Target fund should I reduce the contribution and keep the cash or continue the usual contribution? I have 6mos emergency fund so it should not be a problem but I’m worried that I’m putting money towards investments then losing some of it.
Marshall law in effect sooner rather than later
For new comers wanting to invest in US stocks from a European country, as you are adding extra complexity with forex, should we just stick to Euro based stock exchanges?
You’re literally smarter than full grown adults even the ones who have lived for over half a century and more. You’re only beginning your 20s this is awesome. Happy for you my man!
Eric S I’m glad you called me out for it 😂
Alex Sanchez aren’t you that same guy on millennial money? And after that got on graham stephan show?
Dũng Bùi haha guilty! Yes sir
I started watching your vids. You’re basically competing with Nate and Graham now lol
Dũng Bùi These guys are big influencers. They have helped me so much. Saturated niche but I freaking love personal finance. So I don’t really mind it. I don’t think I’m even competing yet:( hopefully one day I’m up there.
I’m doing both, investing and saving
Alex Weberg I’m here with you 💙🤝 let’s keep going
How will YouTube be affected?
All the Youtube gurus saying the same thing. If someone just got laid off why make a video about having a emergency fund. its only so much content you can give about personal finance. sorry im just frustrated.
Better hide it under your bed, the banks are all closing at least for the next 2-4 weeks depending on how well under control we can get this virus.
Hey Nate, I am buying some cheap stocks. Also have a couple put options to ride the market down. What is your opinion on how the new eviction rules will impact the risks of owning a rental property?
noted . not watching anyone of these because i need to go to a real financial counselor
I have $11,000 in the bank. About 5 months worth of living expenses. However my plan is to place half of this into an investment and make the investment as large as possible. For example take out $5000 of this, and place into an investnent for $10,000 but adding more savings to it. (by not spending and placing all money except expenses into savings account for emergency fund). I am not craze shopping for essentials as we already bought extra toilet paper and food at Christmas time break.
My aim is to increase the investment portoflio, in mortgage trust funds, and trying to make the amount of income I receive from them higher, whilst maintaining a liquid emergency fund at all times. The mortgage trust fund investments can be accessed if you have an emergency come up. The point is to try to make money without having to work, even if its $200/ month this helps to cover some bills.
Staying the course – have not changed anything re investments. Considering buying Apple at 225, alphabet at 1000 and Microsoft at 132 using the cash sitting in my RRSP’s. Continuing to live on 30 % of what I make.
Everyone’s retirement plan is royally FOOKED.
You shouldn’t have sold them, you screwed up. Unless they were bad companies to begin with, but selling just because of this crash is the only way to really loose.
Re people who can not pay their rent. pls do not go to your landlord for a bailout that is what an emergency fund is for. Your landlord is not your friend or family go borrow money from these people. Your landlord has their own family to support and mortgage to pay This is a wake up call !!! Dig yourself out.
so many great opportunities in the market right now. just make sure you have an adequate amount saved up before investing 🙂
What would the best method be, when looking at companies to see whether or not, they’re in good standings or in debt? Is this attainable to do via yahoo finance app?
The reason gold is dropping is because it’s the first thing people sell to raise cash. It dropped 30 percent during the 2008 recession before soaring.
Most Americans have no cash and will need to tap credit or sell assets. My grim prediction is that within a couple months vast numbers of people will tap out and stop making mortgage payments…hopefully it doesn’t get to this
Lets be clear, the time to save is when the markets are at their highs, not when they are this far down. This is the time to invest, invest, and invest some more!
Yes sir very well said!
Invest in an asset
Start a low cost small business
Invest in people
major key
Personally I am keeping cash reserves high, and reducing all of my expenses to the bare minimum. I believe that once this is all over, there will be a huge rebound in the market, and huge opportunities to take advantage of. I will definitely be pouring money into the markets once there is a light at the end of the tunnel.
You mentioned there are ways to look into a company’s cash flow. What would you say is the most accurate way to research that info?
Yeah, I’d like to know as well!
I think you are spot on about silver. It’s used in any products, all of which are created by businesses that are struggling right now for obvious reasons.
Gold on the other hand has very little industrial use but it is seen as a safe asset that is outside of the system and throughout history has been a good asset to own during fearful times.
3:23 Haha that censor
Remember, GM got bailed out and their stock holders still lost everything when they declared bankruptcy.
I cut down on my spending by cooking more than I used to before and turning to simpler, less fancy recipes. Gonna cancel monthly payments to roth IRA for now, Spotify subscription. As a newbie I’m only doing micro investments with stocks + adding 10$ to each stock every month. I’m gonna wait a bit longer and learn more before I’ll invest 3000$ in some index funds. I do have plenty of savings to survive a long time but I don’t want to touch them too much right now and risk it all by investing when I still know so little about it.
could you make a video that says what some of those overlooked “gems” companies with a lot of cash on hand that could survive the longest?
Are Index Funds like Stocks
My job is secured. In fact, they’re paying me a premium to keep working in the banking industry. I hope I’ll come on top at the end of this recession.
Filip velico that’s awesome! All that comes to it is the hustle 💙🤝
Filip velico I’m in nursing school. I know they’ll be a job guaranteed for me when it’s all said and done…
@HardikG121 that’s great. Just make sure you have a current income source that you can save and potentially start investing consistently. The recession is not going to last forever
Everything was moving forward smooth and sudden halt. It’s really hard to startup again . But it is what it is. Best of luck to everyone.
Hi friend, I’m new to this channel, what would be a good broker to use to buy stocks? Also what companies would would recommend to buy stocks from? You can private message me if you would like, I appreciate it
When you say “cash on hand” do you mean in a savings account or physical cash?
Savings account
Thank you Nate. I was curious how your investing strategy was going to adjust to the CV.
Buy when the bottom drops out. Sell when everyone else is buying even though stocks are overvalued.
Kevin Kunzmann that’s the way to go 💙🤝
Kevin Kunzmann Noone has ever predicted bottoms accurately and consistently, anyone with sense will invest throughout a dip/recession.
I have one investiment that i don’t mess.
I have two investements running, and i’m doing side hustles.
👌✨💼⚡👏👏⚔️💙
Phelipe Rocha that’s the way to go 💙🤝 keep up the hustle
@Jazmin Bautista thanks honey👌🐺🍃⚔️⚔️💰💡 that’s the way
Most people live from pay check to pay check, what are you doing, it may not be 1929 now but how close are we, you are going to look good in a military uniform. Forget the stock market.
Haha count Jared Leto into that group of people who been living under ze rock
Step 1: Buy toilet paper
Going to be holding my current savings strategy and investing the rest, I’d like to buy a home soon depending on when/where I move in the next year and what the housing market looks like.
Aquisiton of money is death.
Stoncks 📈
GOATED
Great video Nate! My grandad always says *”A smooth sea never made a skilled sailor.”*
We’ll make it through this market guys. Just keep holding strong. If you’re smart enough you will be cashing out big once the market begins to stabilize, but the question is are you doing the right thing now to ensure you make the most of the expected rebound???
Hi, i’m new to the market and looking to invest but im trying to be as careful as possible, what can i do to ensure i make the most of this market crash? I need advice. Thanks.
John G.G In times like this it advisable to work closely with an Investment manager/professional trader to help trade for you and manage your entire investment portfolio, i work with a seasoned pro from Merrill Lynch, Mr Mike Wilson. He’s an excellent trader with years of trading experience under his belt, He’s been managing my investment accounts for 3 years now and thanks to him i wasn’t hit so hard by the recent market crash. Before now things have been really great with returns coming in consistently. Right now i’m waiting to see what happens by next week before deciding how much more money i will pour into the market, i feel really positive about all this.
@Robert Bowman Wow, impressive. Can i get your tráder’s contäct infò
I think Mike Wilson is one of the best traders in the market as of today, i’m invested with him as well. Made over $70K in 2 years working with Mike Wilson as my trader and investment manager. His trading strategies are very effective and highly profitable, gladdens my heart to find another one of his beneficiary on here giving great review on him. Personally i think Mike is up there with the very best traders.
Michael Wilson’s level of professionalism is top notch, his management skills are impeccable, i enjoy investing with him.
You might have a good opportunity to buy a place for yourself… or even something with income property potential.
I’m doing a little rebalancing of my portfolio. Talking to my tenants about some rent breaks for those affected by this pandemic. Other properties are doing fine. Stashing cash.
I’ve been saving for a long time, so for me it’s now time for investing.
Buy virgin galactic, thank me later
Do you have a video on how to start investing in index funds?
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Which ones went bankrupt last time within the first year of the last recession?
That line “to this fine surprise in the world“ cracked me up hard hahaha
Well just don’t invest into individual stocks EVER, I really dont see any point for that. I literally invest the same amount of money every single month into 2 funds that are gonna be going up in a couple years again. Nows the best time to invest, this is what happened 2008,the people that invested then have made sooo much profit. So just keep going. Dont sell. Keep your shares for dividends and reinvest those too. Not that difficult.
Which financial numbers should I check in the cash-flow or in the balance sheet if I want to figure out how long a company could live without income? Which one is “the cash on hand”? Many thanks, Edina
Is our money save in the bank? Thanks for all the videos.
Like your point about the company layoffs in probably each industry. People need to understand that everyone should be careful.
Hey nate, how do you feel about investing into a high exposure ETF like TQQQ? thanks!
To be free from all of the debts is such a blessing with young people now , but if you have a good job with your good saving it may help .. No way’s better safer to put in the banks or invest your money in real estate field , if you’re still not having enough to invest the best is to invest in yourself and it’ll never be late …
A million dollar man!
The government needs to send out helicopter toilet paper
Oh wow you gotta be Mike O’brien brother!? Haha
Thank you for sharing your invaluable insight with us!!!
let’s just say my emergency fund money is now being deployed into the market little by little
Same here.
Have saved up a lot of money and have been in the process of moving and looking for a multi family home to purchase! This past month I offered $25k above listing price and still lost. Another home we offered at listing price and were told we had one of the lowest offers. Now, I’m seeing slightly more inventory and I think the rage of a seller’s market with low interest rates will morph into a buyer’s market, if nothing with Covid changes. Also investing a little into index funds.
Nope. Metals are dropping because of margin call. people are running to cash to cover their other positions. Do not forget about the currency component of precious metals.
As for mortgage interest rates, banks are de-risking that means they are raising interest rate. It already started happening.
Thank you for all your help in making us understand complex finance stuff, keep up the good work! Stay humble, respect.
What do you think about bitcoin and cryptocurrency?
So what is the listed companies that are sitting on the most cash?Who knows?
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Nate, I’ve been critical over some of your specific investments in the past but I gotta say, what sound advice from a very smart young man. Hey, I’ve bought and sold a LOT of Apple in my years but I wish I’d been as shrewd as you when I was as young. GREAT vids, GREAT information. Keep up the EXCELLENT videos ! 👍👍👍
I’ve noticed bitcoin is going through the roof (which I’m very happy about!! ) 😜😁 I think a vid on bitcoins would be a great topic, personally..
Hi there Nate, if I may politely ask a question (I’m fairly new to this stuff but trying to educate myself as fast as possible): is it within the realm of possibility that we see an extreme, and I mean extreme, economic crash? That is, a DOW average of around 2,000; unemployment rate that reaches 50% or more, home prices that drop 75% or more, etc. Possible?
I’m gonna buy more yeezy.
I saved 10,000 dollars in 2 years (take note that I live in a country where majority of people earn 350 euros). Now If I can push this year for a 10k more that would be great, but in what to invest? Do I try to find a good deal during the next recession to buy an apartment and then rent it for the rest of my life (But that just 100-150 euro a month :/, I’m renting one already) or do I try to invest it in a business (risky) or maybe something else like buying a shop in the city center and then renting the space … hmmm
I wish I would have been as smart as you are now at the same age. Really amazing clear advice ! Greetings from Germany
Any short term market rebound isn’t going to hold. Even being down 25-30% the market remains overvalued. ☠️
Nate have you ever considered pursuing becoming a CFA so you don’t have to make a disclaimer noting that you’re not?
“Alot of wealth is created from the bottom of recessions” – this is gold. It’s great to have more cash on hand. I went with the dollar cost averaging approach and funneled as much as I could into the market. I’m not disappointed, only wish that I had a little more cash to put in while prices are so low!
thank you for sharing your wisdom and what youre doing personally.
Great video Nate!
big fan
Toddy boy!!🔥🔥
Just seen your new video. Loved it!
@todd lew Love the new video brow
Bro***
I was going to buy RCL, is that a bad investment?
The best decision that I know everyone argues against is holding my money, the number that kept telling me “time in the market beats timing.” I held for several months because I thought stocks were way to expensive most of 2019, so I gambled I’d just wait till the next recession. Many stocks have now decimated, to levels it was back in 2016/2017 even. So happy I held 🤗💰
Great video! Very good advice!
You were talking about possibly picking up airlines stocks such as Southwest and ? Was the other one you spoke about Delta?
SPXS, thank me later!
$DFS look into this, makes 3 billion per year and has only 9 billion market cap. Really good buy
But what stocks, sectors, other investments are you looking into? Will you be making a video on this?
This is the best time to save up. Stay at homeand learn some new things.
Nate, is it good time to buy real estate (land or houses) OR better to wait for couple of months or even a year for the recession effect to kick in (as you’ve mentioned the 2008-2009 price drop in property market)?
iraiteamtan people will ALWAYS need housing
If anyone is planning on working with a financial advisor. I would recommend Northwestern Mutual. The process used with the clients is beyond what majority of other companies offer and all of their planning and advising is free meaning you’ll never receive a bill from them. They will truly make recommendations based on your needs not just what will make them money.
Hey Nate which platform do you use to trade stocks, would you recommend self wealth platform?
I’m 17 years old , been working for my dad since i was 13/14 whilst not getting paid a whole lot but as time went by i’ve managed to save currently £10,300 and i’m very keen on where to invest my money but don’t know what’s best for me as of now.
My dad keeps on urging me to save up for a mortgage and whatnot but there must be some other investment ideas that is great for a person like me with that sort of money despite it being not whole whole lot of money in terms of serious investing.
Does anyone have advice of what they invested when they were young
Invest in an ETF. However this is a long term strategy as you want your investment to compound (the longer you leave it in there for the higher your returns will be. An ETF basically is one of the least risky investments and (just before this virus) many were averaging 13%+ per year. It is basically a collection of the top 100 firms globally or in the UK for example, hence allowing you to own securities in a range of different companies. It imitates the market. Also means if a company/industry is underperforming your etf may still rise in value as this company/industry is only a tiny piece of your investment. You can try beat the market, however many people fail and it becomes a greed thing.
Secondly invest in your favourite companies which you know perform well/have been for years.. are blue chip (very large companies with large market caps) and pay HIGH DIVIDENDS. You probably know about dividends but just incase you don’t.. even if the stock doesn’t gain value.. if the company is stable financially you will always be paid dividends annually. So if you invest in a company with 5-10% dividend (which is very high) you will be gaining this every year commutatively, growing your wealth.
Third point and this is just some advice i was given from an extremely reputable trader (Anton Kreil) if you want to search him up. The key to being wealthy is to try to NEVER own a liability, and if this isn’t possible try to limit your liabilities. In the case of your dad suggesting you own a mortgage.. this is the biggest liability anyone can have. You basically get on the hamsterwheel and your life will be devoted to paying back insidious amounts of debt ‘funding a lifestyle you can not afford’. Freedom is the biggest asset. You can disagree everyone has their own personal opinions, however personally id hate to have a mortgage and be restricted from my freedom. Renting i can walk out at any time.. whether i quit my job or want to go travelling.. and save up to fund a lifestyle i actually can afford. Everyone in the UK does the same thing. They all aspire to get a job, get a mortgage and be forever in debt. (The banks simply win).. anyway hope this helped these are only my opinions definitely research into it as spending your money however little it may be definitely needs to be given great consideration.
– Cheers
@Max wow thank you for that response and your opinion on mortgages is very helpful however people can argue renting properties for years is no use aswell if they have no plan to travel etc
@Max thanks for the help and advice.
Hi Nate . First wanna thank you. I wanted to ask you, can you recommend me where can I make market research or a tool or something where I can start?
Many thanks for sharing 🙋♂️💙
Both saving and investing. Saving is important for emergency uses especially in times like this. Investing in stocks so it will grow.
I got a side hustle idea for you Nate. Be a spiderman for kids birthday parties. You look insanely like Peter Parker.