Comments by "Jake Broe" (@JakeBroe) on "Best ETF to Buy Today - I Bought $10,000" video.

  1. Haha, hey phani. First, I bought big AFTER the stocks bottomed in March and I sold when the S&P was at 2900. I thought I was selling at a high and there would be another dip. I never sold anything at a loss. In my actual bank account, dollar for dollar, I haven't lost any money yet investing this year. Second, I am not a financial advisor or even a financial expert. I am just some guy on YouTube. Ideally you should be watching my channel to get my opinion and perspective and watching lots of other channels for their opinions and perspectives and then making the best decision for yourself. I'm convinced based on the information that I have seen that the Fed has flooded the market with cash and people are going to keep buying Mega Growth stocks (TSLA, AMZN, APPL, MSFT) until we have the vaccine and housing market prices become more reasonable. Normal valuations of these companies are broken right now, that is a fact. I'm going to stay in MGK with 40% of my portfolio through next Spring probably. I could be wrong! Stay tuned and I'll make another video.
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  2. Yep... I am getting pretty sick of 2020.
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  3.  @narutobroken  , actually you are right in that I'll probably go to VTI since I think small caps will rebound greater once we know we are through the worst of COVID. But if everything was normal, I'd ideally like to be in just VOO.
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  4. That is correct. It will be soon, but it is in the Mega Growth Cap stock that I am talking about in this video.
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  5. Thanks for the recommends! I checked them out and they both at 10%+ in TSLA stock, which is why they are skyrocketing so much right now. As long as TSLA doesn't crash, these ETFs are good.
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  6. You can do that! But it is not necessary. I buy and sell Vanguard ETFs with no commission trades with Charles Schwab. You also do not have to have an account or be logged in to go on Vanguard's website and look at their products.
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  7. Hey imran! You can't go wrong with just buying VOO, which is Vanguard's S&P 500 ETF. Just make sure dividends are re-invested to buy more shares and you can just set it and forget. If you want to automate buying shares in the mutual fund version, that is VFIAX.
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  8. For sure, there are many differences. The dot com crash was wild speculation on a lot of companies that didn't have a real business model and hadn't proven yet to be profitable. I don't see FB, AMZN, AAPL, and MSFT being in anyway comparable to Pets.com. But as I said in this video, people are buying brands right now hoping they are safe, but the valuations are not actually there. A reversal in stock price or a period of trading sideways will have to come eventually for these tech companies to justify their valuations.
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  9. Yep, it's hard to be a bear these days when all bad news is just ignored. You are right that I still am heavily in tech, but I am also balancing it some with well established consumer spend stocks like Home Depot, Nike, McDonald's, Costco, etc. I think at some point once we have the vaccine and signs things will normalize, I'll dump MGK and go back to VTI or a Russell 1000/2000 ETF. People will flood back to the hardest hit stocks looking for deals and they'll sell their over valued tech stocks to afford it.
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  10.  @caezar044  , I am just 100% S&P 500 index funds in my private ROTH IRA and Government 401K. I kind of talk about it in this video. https://youtu.be/gNdbuMc-Tc0
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  11. Once this pandemic is over, I'm going to shift back to VOO. But I think in the near future, people are retreating to the large caps because they think their money is safer there.
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  12. Hey Ziv, I meant to say "the market", but you are right. Tesla is in the ETF I am talking about, MGK.
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  13. Hey John! For sure, tons of differences and tech stocks are not the same. EV stocks however on the other hand are in a bubble with rampant speculation. Those definitely are going to come down hard at some point in the next year.
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  14. Amazon hasn't been cheap in over a decade, haha
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  15. Hey! I bought in at MGK at 168 per share in July and it is currently at 200. So I am up 18% in six months. Not bad!
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  16. Hey Zach, I tried looking and couldn't find that one. Hope it does well this year!
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  17. Hey BF G, generally you want to hold on to anything you buy longer than a year. Long term capital gains tax would be 15% on any profit I make from a sale. If I sell in under a year, then I pay short term capital gains and that income would fall in my 24% tax bracket because that is the highest my ordinary income is taxed at. That difference (24%-15%) of 9% is important to remember when deciding if you want to sell or not in under a 1 year period. I would like to hold MGK until July of next year. But if I think my investment is going to go negative because the market goes in to a free fall, I'll put a sell limit stop at exactly what I bought it so the trade cancels out. Additionally I might sell early next year for the cash if I need it to buy a property. I would view that sale as a priority and worth taking the penalty of 9% in taxes.
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  18.  @bridget1916  , it is hard to say. I think the stock market is heavily inflated right right now because there is nowhere else good for people to put their money since real estate prices are at an all time high and bonds pay next to nothing. Once this pandemic is over, home-forecloses will resume and we will either see a housing crash or at the least housing prices finally decline a little. When that happens I think there will be a sell off in the stock market to shift money in to buying real-estate. This will all start happening in the next 2-3 years. I don't think I'll be selling anything in the next year because I don't see the market going down, but more just trading sideways. It's hard to say, because there is so much more information coming in all the time. I don't have fixed sell points at this time.
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  19. Hey Je P! I don't think I am too late. Until this pandemic shows signs of ending, I think people are going to continue dumping their money in tech and consumer stocks of companies they know will not go bankrupt. I think the market will re-align itself once the vaccine distribution is announced.
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  20. It's almost a cult. Doctoral students 5 years from now will be writing their dissertations on "the greatest stock bubble of the modern era". I definitely think it will go higher, but I also think it will crater at some point.
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  21. Hey Rosa! If you join, there is no reason or need to plan for 20 years. 20 years should just happen because you want to remain in the service. You should never force yourself to do a job you no longer believe in. As for the 20 years, that would be on active duty. It is possible for it to be not consecutive, but that is rare. Usually once you are out, you are out for good.
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  22. You can buy ANY ETF or index you want with your Schwab account. I bought Vanguard's MGK (in this video) with my Schwab account. There is no cost.
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  23. Haha, we'll see if the wild ride Tesla has been on can continue through next year. I also checked out TUP... i'm confused why that stock crashed so hard the last 5 years.
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  24. Yep! That ETF is very similar to Vanguard's MGK.
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  25. Hey Shawn! I had never seen or heard of his channel before. I just subbed and I'll check him out. Thanks for the find!
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  26. Tech ETFs have been on fire the last 4 months!
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  27. Very true, the bottom of the market occurred in March of 2009 after the initial panic and drop occurred in September of 2008. But last time it was a bank and housing crisis... this is completely different and every central bank in the world is flooding the global market with cheap money. Nobody knows how this will play out.
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  28. Videos about COVID get demonitized. So YouTube have to talk around it. It's because advertisers don't want their ads running on videos talking about death and chaos.
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  29. Thanks Pedro! Cheers!
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  30. Will do Carlos! Thanks for the support!
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