Comments by "Terry Cavender" (@terrycavender) on "Two Cents" channel.

  1. This is nice, but I would love to see an episode on stock basics. Explained simply of course. 😁 I bought a mutual fund one time, at the suggestion of my accountant, and it was a dog, it didn't even beat indexed funds over time. I didn't know, so I got taken.
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  2. Good channel, I would cover how home service companies overcharge. Most of the time when you are dealing with a plumber, AC contractor, etc, it is easy to get cheated since these are unfamiliar areas. We always call when there is an emergency, no AC in July, pipes leaking, backed up, whatever, with no time to shop, or research what we should be paying. When you have a "need it now" issue, you are at the most risk of being ripped off.
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  3. Airbnb will eventually go down the tubes. They do nothing for clients if a stay goes bad, for instance, not as described, safety issues, failed services like operating plumbing, you name it. I have been in Mexico for two years now, and I have had some terrible experiences, did Airbnb do anything? No, nothing. Mostly the what happens is someone buys a condo in one of the tourist areas, or in a popular city, and sets up shop. Time passes, and things age, but the pictures first taken when the unit was new do not. It's kinda like being catfished on a dating site, you don't know the stay is bad until you get there. I've experienced black mold, beds so worn I could not sleep, sewer smells, and a roach crawl across my face, all in Mexico Airbnb’s. Airbnb rentals in Mexico are a crapshoot. I lived in Thailand for six months, same model of operations there, EXCEPT, short term rentals, like Airbnb are against Thai law, yet, Airbnb operates in the market.
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  4. One thing I didn't hear mentioned is real estate volatility, in my own neighborhood I have seen prices go up and down like a yoyo. There have been times when prices were way up, only to have them crash a few years later. There is one I am aware of, where the house sold for $125,000, then, five years later, it sold for$40,000. This is just one example, there were several like that near me. Boom, bust, boom, bust, over and over again, if you have to sell in a bust cycle, you'll lose your shirt. I have lived in my house for thirty years, right now we are in a boom cycle, I'm selling!
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  5. Haven't got my check yet. So far, not feeling stimulated.... 🙄
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  6. Maybe cover how investors get paid dividends. Do you only get money when you sell stocks? I had a mutual fund once, never saw a dime until I sold it. Nor did it show the growth you mentioned.
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  7. Ten years, it was a front loaded mutual fund, total dog, would have been better off with an indexed fund. My CPA sold it to me, turns out, he was a dog too!
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  8. This was an IRA, so I would guess that the money was put back into the fund. My ex-wife told me (she works for Edward Jones) that this particular fund was a dog compared to a standard F 500 no load mutual fund. This was a common theme in our marriage, always telling me the bad news after the fact.... My accountant, the one who sold me on this told me this was a good fund, and he wouldn't hesitate to sell this to his own grandmother. Apparently, he didn't like his Granny much! This has put me off of stock market investing, I don't know what to trust.
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  9.  @bobm7325  yes, there is a lot of what I "should have done," but now all I have is my savings, and social security. And that doesn't cover my escalating expenses.
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  10. My first ever was a mutual fund sold to me by my accountant. It was a total dog! Right now, my biggest investment is my house, soon to be sold while the market is up.
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  11. I just watched this right after the cost of being poor video. The problem we have in the US is that the corporations always have the upper hand. We don't have financial education because they don't want us to, it's easier to victimize someone if they don't have the knowledge to avoid the traps you set for them. My mom was a drepression baby, so her education for me was to save, and pay my bills on time. I was taught nothing about stocks, bonds, or other investments. This became a problem later for me. We should have unbiased finical education in our schools.
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