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DO NOT MAKE THIS ROTH IRA MISTAKE #investing #money #retirement #cash #rothira

Frames DO NOT MAKE THIS ROTH IRA MISTAKE #investing #money #retirement #cash #rothira

Description DO NOT MAKE THIS ROTH IRA MISTAKE #investing #money #retirement #cash #rothira

Comments DO NOT MAKE THIS ROTH IRA MISTAKE #investing #money #retirement #cash #rothira

Thank you! Comment from : Michael Gomez

Ive lost money in mine ughhhh Comment from : SLF

Except of VOO none of them seems to be traded on Robinhood? Comment from : Karishma Kapoor

Very true…had a Roth IRA for years with fidelity only grew Pennies because I never invested the money I was very young and no one in Fidelity ever said anything…I didn’t find out until I had to take the money out due to job layoff and housing market crash I refuse to work with Fidelity because of this…poor quality agents not really looking out for you Luckily I was young and learned this mistake sooner than later Comment from : Dolce Vita

Don’t forget to dollar cost average your investment purchases Comment from : Dustin Stommes

Great vid Comment from : Nuday

The Irish brigade Comment from : sleepy duck

bruh i was so baffled when i noticed my roth ira wasn’t growing when i opened it at 19 and although i realized a year or two later to actually buy funds, i was only getting dividend stocks now at 23 i’m just starting to invest into an actual RETIREMENT FUND THAT I NEED A MINIMUM 1k-3k INVESTMENT FOR BYEEE 😭😭 i think i knew to buy a retirement fund but i didn’t have the 1k to buy a vanguard retirement fund and just completed forgot about it sucks that i could’ve already had a good chunk of growth by now /: i wish financial gurus actually emphasized to BUY THE FUND AFTER CONTRIBUTING TO THE ROTH IRA rather than just fuckin contributing making us think that’s how we start to grow because we can’t take the money out after that and i was totally misled it’s not like these accounts tell you what to do after opening them either Comment from : z

If this is a money secret you guys all must be slow Comment from : Joe Schmoe

Making money is an action Keeping money is behavior, but “growing money is wisdom” I found this out a week ago after getting a $10,000 return on my $3,000 investment in 7 days😊❤😊 Comment from : Steven Travis

So confusing Comment from : PolyOlli

Great video! I am 45 years old with no passive income and hope to begin my investment and retirement Work full-time, and saved significant amount of capital that is required to start up but I have no idea what strategies and directions I need to approach to help me make decent returns I do not want to lose my capital, I need help Comment from : Rawklin Darbo

👍🏽 Comment from : Tim Musician

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity? Comment from : Rose Roland

Is Roth IRA only in America? Comment from : Topolino Al Formazzo

This video is a game changer, the 401k is good, because retirement choices determine a lot of things My parents spent same number of years working desk job, but my mom was investing through a financial manager, and my dad through the 401k My mom retired with over $4 million, whereas my dad retired with almost $2 million It is your choice on what to pick As for me I will always go with the financial manager Comment from : Amanda Louise Medford

The amount of people that didn’t know you have to invest your money not just put it into an account is staggering So stupid Mostly women though, so makes sense Comment from : Niacin

I never knew this!!!! Thank you so much Comment from : O Man

You just answered every broke mindstate question i had can i start with 200 and just work with that or is there a minimum Comment from : highly consintrated

Okay, but how do you invest it after it's been contributed to the Roth IRA I'm asking as a full grown adult who legitimately has no idea Comment from : Krystal NeVair

Wait so can you add in money in a monthly basis to a ROTH IRA account and invest let’s say in the same types of index funds everytime? So you reinvest in the same index fund multiple times? I’m still very confused about how this all works 😭 Comment from : Monserrat Gonzalez

The flu from Wuhan is strong with this TikTok chick Comment from : Rock Lobster

How do I even do this do I like talk to a bank or something Comment from : Frankie Vargas

IRS: "Ha! You all get fucked either way, before or after tax" Comment from : Quoc Bao

bhuge tip/b the last one she said: A Target Based Investing Fund is the one MOST people do It’s extremely easy If you use Schwab or Fidelity, or whatever, it usually says ya know “2050” meaning you are shooting to retire in 2050 and it will invest your money FOR YOU Comment from : Data Lady

Should I diversify my Roth IRA investments like if I invest $1000 should I put $500 into VOO and $500 into a target date retirement fund or just do one investment for my whole Roth IRA portfolio? Comment from : iiKittyPlayz

I'm so glad 😮😮😮 I was just about to put that money in there So basically i was finna contribute 😅😅😅😅 Wheww Comment from : Nika!!

Please remember to tell people that Roth IRAs contributed to AFTER tax The tax "advantage" is only if you feel that tax rates will increase over time Comment from : tehsheik

Everyone pushing investing these days Comment from : Tonya Wood

Bff where to get roth ira? Comment from : Lili

Did not know this, thanks Comment from : Momo Goes

If you’re a fed employee, only have G, L, C, S, I, F funds to invest with the Roth Comment from : churchyjr

please do not invest in a target date fund they are terrible Comment from : stephen kapler

That’s what happened to me for the first 6 months 😂 Comment from : Abdel-rahman

I forgot I even set mine up and didn’t know much about a Roth IRA so I didn’t know I had to allocate it brbrHad it for about 2 years until I realized I really needed the money (thank god for seeing my companies letter in the mail)brbrI’ll take the 10 percent penaltybrBut now I have a way better understanding of the account and will invest wisely 😊brbrJust opened up another one with Fidelity 👍 which will be my primary going forward Comment from : TheMoneyDownloader

Thank you for this this is what my financial advisor was trying to explain to me the other day, but I just could not understand it Comment from : Matalynn White

I’ve put into a global index fund and I’m literally not going to look at it until it’s time to take money out I can’t stress about market fluctuation Comment from : Justine

Wrong Money market funds Your cash sitting not doing anything still can work for you Comment from : Gengar Phantom69

I wish this was a thing in the UK Comment from : E Bl

Literally, NO ONE has ever told me this!! THANK YOU!!! Comment from : Gwen Hughes

I had $500 sitting like this for a year Yall!!! 😭 Comment from : Chelsea P

Wait does this apply to 401k? Comment from : darkangeABBY

You shouldn't need to follow a "rich bff" to understand how to exist in a capitalistic society Comment from : Mourning

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns This means that over time, your investment can grow exponentially So the earlier you start investing, the more time your investment has to grow through compounding Comment from : Aziz Einas

I m so glad I searched this I have maxed out already on my roth ira and it never grew so I searched it and your video comes up Thanks for sharing that But what happens if the index funds go down? Comment from : Penny Picker

Wow I have a Roth IRA and I had no idea 😮 Comment from : Jennifer W

But isn't Roth IRA that is invested in the market not fdic insured? Comment from : Edward Chagolla

What are the best Roth IRA??? Comment from : Billie Cooley

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying t0 grow my portfolio of $160K for sometime now, my major challenge is not knowing the best entry and exit strategies, I would greatly appreciate any suggestions Comment from : Laila Craig

Your hired! 🔥🔥🔥🔥 how do I get started diversifying, and things of that nature? Who would I want to get in contact with basically? Comment from : Hello Dahling1

Dang thx bestiewill do Comment from : keyka2011

Can you please do a video on the Wealthfront Roth IRA? Comment from : Jordan

It should be invested in stocks and bonds That will help your ROTH IRA grow over time Comment from : duket5

this is targeting the imbeciles of society Comment from : Red Robin

This woman is a freaking God send Comment from :

I just opened up a traditional IRA Can use it for tax purposes and put in a online bank where it's gonna grow Comment from : SR

She is sick Listen to her voice Comment from : marcjtdc

Im 16 and I’m looking to invest into a custodial Roth IRA, any other tips on what not to do? Comment from : syntheticly

😲 Comment from : Moonshynegirl

😅😅 This is hilarious Comment from : entry level investment & Technology vlog

What!! I didn’t know you had to invest it Good thing I saw this before I got one Comment from : hippiegypsygirl

If there are charges associated with investing in those funds, is it worth it? It's a $50 charge for every time I Invest my contributions into some of these :( Why can't I just increase my contribution without paying the charge again? Comment from : Pwny

Thank you for educating me on the Roth IRA however what do you know about the Roth 401k Comment from : Michael Taylor

Thank you for this, really helped me understand better how a Roth IRA grows! Comment from : Noa Smith

Well said I am in my mid 30s, and I am yet to begin my retirement plan I have read through many comments and articles on retirement, but I still do not know where best to begin and how to go about it I asked a friend of mine but couldn't give me the explanation I was expecting So please I will like to have a good idea on where and how to begin If possible a good recommendation Comment from : Shaylin Vickers

Thanks I would’ve made this mistake! Comment from : Unknown Player

Crook investors debate and discussion and interviewing each other Comment from : NHAN HA

Coughs in Ramit Sethi Comment from : Katana

OMG during 2021/2022 my Roth IRA lost so much money I don't even know it was possible Comment from : KillPretty

Multiple Personalities aka Bipolar, Shorty lol Comment from : Matthew DeanL

Dope Comment from : MrLaneous

An idiot investor did that to me My money only grew a few centss after a year Thanks Vivian Comment from : sayladytea

yyyy Comment from : Bob Smith

Can you explain this more in depth? How do you invest money that you've already contributed to a retirement account like a 401K or ROTH IRA? Comment from : Robin S

Helllooo bff, I have a big question for you about backdoor Roth Why do a lot of people convert to Roth and do all the troubles when filing taxes instead of just investing their money similar to Roth? What is the big deal of backdoor Roth? It is a pain in the a$$ when filing taxes, don't they know that? Comment from : sharkktongue

Ooops🙁🤷🏿‍♀️ Comment from : eboni257

Well at least she made some money I lost $1500 I haven’t made any gains whatsoever Comment from : 🌸Lotusblume🌸

A coworker and I were literally talking about this today at lunch I’m taking this as a sign Calling to start one tomorrow! Thanks BFF! Comment from : Miss Kelli

❤ Comment from : LGnLA

Thank you, more please! Comment from : Wilde Whitley

i do it through my work and I'm not sure if they're investing for me or what Comment from : DoubleEdgeCat

This is me I don’t know how invest so I just continue to contribute into it I also have an brokerage acct that $1000just sits there I’m meaning to invest but not sure if I need to invest in a stock per month or just an amount onetime and leave it there’s? Any suggestions? Comment from : FA Laniaae

Mmm did not know this!! Comment from : Crisspy G

I actually made this mistake too Comment from : Maria King

Lies Comment from : Margaret Grace

Ok but for us who never heard of Roth IRA and doesn't even know what any of these abbreviations mean I would love to know more in depth info about this u can read online but I'm sure its confusing and better if she explains it after all she went to school for business I'm guessing Comment from : XxKarlosxx XxxX

I started investing for the first time 2 years ago and invested the 6k in January both of the last two years now I have lost more than 3k I wish I had never invested Comment from : Singing Aesthetician

Keep talking about Roth IRA please🙏 Comment from : Millennial Hmong

I've been looking for this Thank you, RichBFF Comment from : Username Not Found

Literally didn’t know I was making this mistake until now… 🤦‍♀️ thanks rich bff!!😘 Comment from : Tammy Zanders

The only thing you have to worry about with investing is never invest more than you can afford to lose Investments are gambling just the same as a horse race There is absolutely no safe investments and no guarantee that they will earn you money or lose you money This is a concept people don't understand Comment from : L K

I WAS TODAY YEARS OLD WHEN I FOUND THIS OUT! brbr🤦🏾‍♀️ Comment from : Doc EJ

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