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Cliff Notes: How to Invest your 401k with Kezia Williams · Earn Your Leisure

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  Speaker 4: Now, all right, guys, welcome back. Before we start, we
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  Speaker 4: that is included in the EYO University membership. So if
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  Speaker 4: you're interested, you can go to eyouniversity dot com right
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  Speaker 4: now and enter promo code eyl at checkout for forty
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  Speaker 4: percent off. Yeah. So four one K, right, this is
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  Speaker 4: the beginning of the year. The four one K is
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  Speaker 4: a lot of people's first way to start investing in
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  Speaker 4: the stock market. Right, most people actually the majority of
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  Speaker 4: their stock investment, or if they only they only have
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  Speaker 4: one stock investment, and that is the four one K. Right.
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  Speaker 4: A lot of people don't have outside stock investments outside
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  Speaker 4: of a retirement plan. So what is your suggestion for people,
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  Speaker 4: young people or old people whatever that you know might
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  Speaker 4: have just signed up for the four one K or
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  Speaker 4: are in a four one K. What's your thoughts on
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  Speaker 4: allocation and things of that nature.
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  Speaker 2: No, I think that that's a really good question. I
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  Speaker 2: did want to address what you all said about the
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  Speaker 2: tax deductions before we move forward, because I think that
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  Speaker 2: that's important and significant. When you live your life like
• 3:41
  Speaker 2: a business. The expenses that you incur as an individual,
• 3:46
  Speaker 2: you can, like you said, right off, as a business.
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  Speaker 2: So like the Internet that you're using on a regular basis,
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  Speaker 2: you already know you was going to be scrolling through Instagram,
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  Speaker 2: following uy L following in, following a shot, following Troy following,
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  Speaker 2: like y'all said, all right, but you also use your
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  Speaker 2: Internet to run your business. Your cell phone, you gonna
• 4:04
  Speaker 2: call your girlfriend, You gonna gossip about that guy you
• 4:06
  Speaker 2: swipe right on and he showed up at the day
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  Speaker 2: a whole catfish. But guess what else? You're gonna use
• 4:10
  Speaker 2: your cell phone to call? Make business calls in order
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  Speaker 2: to generate business. Like when I started looking at the
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  Speaker 2: number of tax deductions that are available for your business,
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  Speaker 2: those number over four hundred deductions. If you're going on
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  Speaker 2: vacation but you're doing business for a certain percentage of time,
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  Speaker 2: that's no longer a business. I mean, that's no longer
• 4:31
  Speaker 2: a vacation. That's now business travel. So when I started
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  Speaker 2: to reorient my mind into thinking about what are the
• 4:37
  Speaker 2: things that I'm gonna do anyway, you know, just as
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  Speaker 2: an individual, how can I reclassify that as my business,
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  Speaker 2: I was able to see how I can reduce the
• 4:45
  Speaker 2: taxable income because you all talked about taxes being expensive.
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  Speaker 2: Taxes are expensive the more income that you earn, because
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  Speaker 2: the percentage that they charge in taxes increases along with
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  Speaker 2: your income. With deductions, you're able to reduce that tax liability,
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  Speaker 2: and that's what deductions really afford to you. So that
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  Speaker 2: was I really liked how you all talked about that.
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  Speaker 2: In regard to the four O one K four O
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  Speaker 2: three B if you're working with a nonprofit organization four
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  Speaker 2: one K four three B TSP. If you're self employed,
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  Speaker 2: it is the IRIS the traditional ROTH, and we can
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  Speaker 2: talk about that as well. The first thing that you
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  Speaker 2: want to do is you want to ask your employer,
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  Speaker 2: because the four to oh one K is an employer
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  Speaker 2: sponsor program, if they can match your contribution and how
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  Speaker 2: much they match per dollar. So one of my employers
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  Speaker 2: match up to six percent of the salary that I
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  Speaker 2: was earning, so every single year, just like you said, Richard,
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  Speaker 2: they're going to ask for those individuals who want to
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  Speaker 2: contribute to the four oh one K, they're going to
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  Speaker 2: ask how much you want to contribute and how frequently,
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  Speaker 2: So you want to make sure that you ask those
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  Speaker 2: critical questions. The second thing is the biggest mistake that
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  Speaker 2: I made, is I did listen to my mama because
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  Speaker 2: she told me listen at twenty years oh, you were
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  Speaker 2: going to be invested in your four one K, and
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  Speaker 2: I will tell her at twenty years old, I'm not
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  Speaker 2: thinking about retirement. I'm not thinking about retirement. But we
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  Speaker 2: know the benefits of compound interest. The earlier you get started,
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  Speaker 2: the more your money can go to work with you
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  Speaker 2: or work for you over the years. So my mom
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  Speaker 2: started investing in retirement at thirty one. She thought if
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  Speaker 2: I could start eleven years ahead of her, then perhaps
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  Speaker 2: I could retire early. But for four one ks, you
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  Speaker 2: want to look inside whatever your employer has set you
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  Speaker 2: up with. Initially, for me, one of the biggest mistakes
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  Speaker 2: I made is I looked inside of my four one
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  Speaker 2: K late and I saw that nearly one hundred percent
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  Speaker 2: of my money was invested in money markets. So I
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  Speaker 2: think I heard maybe Ian talking about it earlier. I
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  Speaker 2: came in maybe about ten minutes towards the end of
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  Speaker 2: the conversations. But money markets are not going to return
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  Speaker 2: as much as equities, So like my money is returning
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  Speaker 2: one or two percent a year. It took me like
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  Speaker 2: two years to check it. One or two percent a year.
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  Speaker 2: That's equivalent to your money be invested in a savings account.
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  Speaker 2: Think about a four to one K. If you were
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  Speaker 2: active managing your funds, or you're critically thinking about what
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  Speaker 2: mutual funds you want to select, then you should be
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  Speaker 2: returning at least, in my opinion, at least that what
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  Speaker 2: the S and P five hundred is returning. So one
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  Speaker 2: to two percent was too low for me. So I
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  Speaker 2: had to go inside of my four o one k,
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  Speaker 2: look at the mutual funds that my employer has selected
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  Speaker 2: for me, and then get smart, just like you all
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  Speaker 2: said informations on the other side of your fingertips, get
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  Speaker 2: smart about what mutual funds I thought we could perform
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  Speaker 2: better for me versus what my employer selected. What are
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  Speaker 2: some of the things that I look for. The first
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  Speaker 2: thing is rule of thumb. You take one hundred and ten,
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  Speaker 2: you subtracted by however old you are right now, and
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  Speaker 2: whatever that resulting number is is the percentage of equities
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  Speaker 2: in which your mutual funds should be invested.
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  Speaker 3: So it said it one more time because I know
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  Speaker 3: people missed it, but it's formula.
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  Speaker 2: Yes, So you take one D and cent, you subtract
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  Speaker 2: your age, and whatever that resulting number is is the
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  Speaker 2: percentage of equities in which you should be invested. Equities
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  Speaker 2: is synonymous to stocks. You can have US equities, which
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  Speaker 2: is US companies. You can have non US equities, which
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  Speaker 2: means that's foreign investments, that's foreign businesses that are being
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  Speaker 2: traded on their stock markets. So whatever that number is,
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  Speaker 2: equity should be represented there.
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  Speaker 4: Ho hold, I just want to just because that was
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  Speaker 4: that was actually a very very good, useful formula. So
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  Speaker 4: if you're thirty years old, that's roughly eighty percent. Eighty
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  Speaker 4: percent of your money should be in stocks. Yep, that's
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  Speaker 4: extremely I agree.
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  Speaker 2: You guys are sleeping on it. Write that down, crit
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  Speaker 2: it down, and they can play in three weeks. Like
• 8:38
  Speaker 2: what was the formula? Write it down? Now, write it down,
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  Speaker 2: Come on down, we should have one. Come on, let's go,
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  Speaker 2: and you should be at money markets until you're like
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  Speaker 2: seventy or eighty. I can't believe they. So that is
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  Speaker 2: the thing about it is listen, y'all give away a
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  Speaker 2: lot of free games, so you want to look at
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  Speaker 2: the percentage of equities. You want to get familiar with
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  Speaker 2: the different asset classes that are available to you. So
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  Speaker 2: I heard Ian talking about bonds. You can do real estate,
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  Speaker 2: you can do a mixed fund. So like, you want
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  Speaker 2: to take a look at what's inside of that fund. Next,
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  Speaker 2: you want to take a look at your mutual fund.
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  Speaker 2: What is the expense ratio? Because over time, the higher
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  Speaker 2: the expense ratio is, the more expensive it is to
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  Speaker 2: keep that particular mutual fund. I recommend that the expense
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  Speaker 2: ratio be one percent or fewer. Okay. Expense ratio is
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  Speaker 2: what fund managers charge you to pay them to actively
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  Speaker 2: manage the investments within your mutual fund portfolio. Okay, so
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  Speaker 2: that's one percent. You take that one percent and you
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  Speaker 2: multiply it by the money that you have invested in
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  Speaker 2: that account. It's important that you understand what type of
• 9:48
  Speaker 2: equities are in there. So you may look at like
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  Speaker 2: what is the type of fund and may say things
• 9:52
  Speaker 2: like large cap, mid cap, small cap. I believe Ian
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  Speaker 2: was talking about this earlier too, so large cap. Those
• 10:00
  Speaker 2: are the large companies that you definitely recognize their names.
• 10:03
  Speaker 2: That's the Amazon's.
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  Speaker 2: Facebook's, the Microsofts to Googles. But then during the pandemic,
• 12:59
  Speaker 2: some of the high performers have been the MidCap companies.
• 13:02
  Speaker 2: So one particular MidCap mutual fund that I owned, two
• 13:06
  Speaker 2: companies that were on there that were turned in triple digits.
• 13:11
  Speaker 2: Tesla was in there, Teledoc was in there. Those were
• 13:16
  Speaker 2: two companies that you absolutely know their name, and they
• 13:20
  Speaker 2: returned it significantly. Why because, of course, we had a
• 13:24
  Speaker 2: black swan event. No one could have predicted that we
• 13:26
  Speaker 2: would be in the middle of a health pandemic, right,
• 13:29
  Speaker 2: a health pandemic that nobody could have anticipated. And those
• 13:32
  Speaker 2: companies that were able to serve our needs while we
• 13:35
  Speaker 2: stayed at home, which is why they call it stay
• 13:37
  Speaker 2: at home stocks, were able to experience tremendous growth. Okay,
• 13:42
  Speaker 2: so MidCap MidCap, and then you have small cap companies
• 13:45
  Speaker 2: and so those are small capitalized. That's what that CAP
• 13:48
  Speaker 2: stands capitalized companies. Okay, so you want to take a
• 13:51
  Speaker 2: look at that. Not everything that I take a look at.
• 13:53
  Speaker 2: When I'm looking at mutual funds, I'm looking at the sectors.
• 13:58
  Speaker 2: So you know, there's eleven sectors in the stock market, Like,
• 14:00
  Speaker 2: what are the top three to four sectors within that fund? Again,
• 14:05
  Speaker 2: one of the things that I loved about with Ian
• 14:06
  Speaker 2: said he said, hey, these were the top three performing
• 14:09
  Speaker 2: sectors for twenty twenty. Technology? Was it communications? Consumer discretionary.
• 14:18
  Speaker 2: Get comfortable in figuring out what exactly does that mean?
• 14:21
  Speaker 2: And guess what Google is? Your friend on the other
• 14:23
  Speaker 2: side of your fingertips again, is information. Don't swim in
• 14:26
  Speaker 2: the ocean of knowledge and drowning ignorance. When we talk
• 14:29
  Speaker 2: about technology, that's the Apple, that's a Microsoft, that's a Google.
• 14:32
  Speaker 2: When we talk about consumer discretionary, that's home depot. Y'all
• 14:35
  Speaker 2: was in y'all house, fixing your closets, painting your walls,
• 14:38
  Speaker 2: making your house look pretty. That's McDonald's. Were not going
• 14:41
  Speaker 2: to negotiate if you should be eating them chicken nuggets.
• 14:43
  Speaker 2: But let me tell you, some people got tired of cooking.
• 14:45
  Speaker 2: They went right on in not drive through. That's a
• 14:47
  Speaker 2: consumer discretionary category. Communications. Everybody was watching Netflix, Disney plus
• 14:54
  Speaker 2: the introduction of five g's, So that's Sprint. I ain't
• 14:57
  Speaker 2: gonna talk about y'all Sprint, folks, but the call always
• 14:59
  Speaker 2: drops somewhere. Communications sectors. Be smart about the sectors. What
• 15:09
  Speaker 2: are the companies that you're patronizing that you're spending your
• 15:11
  Speaker 2: hard earned dollars at during the pandemic after the pandemic,
• 15:15
  Speaker 2: pre pandemic, Be smart about the sectors. What are the
• 15:19
  Speaker 2: sectors that underperform? Energy? Why? That's oil, right, that's oil.
• 15:24
  Speaker 2: You can't love Tesla and be pro energy too, I
• 15:27
  Speaker 2: mean that's clean energy. You know something you're looking at energy?
• 15:30
  Speaker 2: You know you're taking the planes have been grounded? What
• 15:32
  Speaker 2: do they require fuel? Right? When we're talking about cars,
• 15:36
  Speaker 2: some of you aren't commuting to your nine to five.
• 15:38
  Speaker 2: You're nine to five. You're not driving from your house
• 15:40
  Speaker 2: to your job. You walk in from your bedroom to
• 15:43
  Speaker 2: your living room. Okay, so you're not putting as much
• 15:45
  Speaker 2: fuel in your car. Energy sector underperform, right, So like
• 15:50
  Speaker 2: that's raking low. So you want to take a look
• 15:52
  Speaker 2: at those sectors and you want to see if that
• 15:54
  Speaker 2: makes sense. What are some companies that are part of
• 15:55
  Speaker 2: those sectors? And then I look at the top ten
• 15:58
  Speaker 2: holdings within that mutual fund, because I think it's important
• 16:01
  Speaker 2: you know one of those top ten holdings, how they performing.
• 16:04
  Speaker 2: And then the last thing that I'll say is that, yes,
• 16:06
  Speaker 2: I read the prospectives. That's important. You should always read
• 16:09
  Speaker 2: the prospectus. Yes, for some of you all it's alone.
• 16:11
  Speaker 2: But if you can sit and you can watch Netflix
• 16:13
  Speaker 2: and Binge, watch it for three consecutive days and text
• 16:15
  Speaker 2: your boot, you can read the prospectus. But I also
• 16:18
  Speaker 2: look at the benchmark, because the benchmark is what the
• 16:22
  Speaker 2: fund manager said that they were going to this particular benchmark.
• 16:26
  Speaker 2: I'm going to perform at or better than this benchmark.
• 16:29
  Speaker 2: What is a benchmark? The guys talked about it on EYL.
• 16:33
  Speaker 2: That's why y'all in here, right. So like that might
• 16:35
  Speaker 2: be the S and P five hundred, five hundred publicly
• 16:38
  Speaker 2: traded companies. That might be the Russell two thousand, you know,
• 16:41
  Speaker 2: is it a Wrestle two thousand growth? Is it a
• 16:43
  Speaker 2: Wrestle two thousand value? It might be the Russell twenty
• 16:46
  Speaker 2: five hundred, It might be the Russell one thousand. This benchmark.
• 16:50
  Speaker 2: If you look at and this is a key that
• 16:52
  Speaker 2: I do when I'm teaching my classes, I go to
• 16:54
  Speaker 2: markets ft dot com. Or if you have a tarmac
• 17:00
  Speaker 2: with Fidelity, or you know whatever, wherever your four oh
• 17:03
  Speaker 2: one K exists, going there, maybe they have some resource tool.
• 17:06
  Speaker 2: But I go to marketsft dot com, I type in
• 17:08
  Speaker 2: the stock symbol and I click performance, And when you
• 17:11
  Speaker 2: click performance, it will show what was the benchmark for
• 17:14
  Speaker 2: that particular mutual fund and at what percentage did it
• 17:18
  Speaker 2: return five years ago, three years ago, one year ago,
• 17:23
  Speaker 2: six months ago, three months ago today, if the stock
• 17:27
  Speaker 2: market was open that day, Okay, it might be fifteen percent,
• 17:30
  Speaker 2: twenty percent. Right, Let's say five years ago was fifteen percent,
• 17:33
  Speaker 2: three years ago was ten percent. Then you're gonna look
• 17:36
  Speaker 2: at your mutual fund and you want to see how
• 17:40
  Speaker 2: well those fund managers put the expense ratio. Did they
• 17:43
  Speaker 2: charge you that one percent that point zero five percent
• 17:46
  Speaker 2: to work? If their benchmark was fifteen percent. If Russell
• 17:50
  Speaker 2: one thousand return fifteen percent and your mutual fund returned
• 17:54
  Speaker 2: six percent, they didn't even meet their benchmark. That means
• 17:58
  Speaker 2: they set a goal that they couldn't even meet. And
• 18:00
  Speaker 2: if they couldn't meet their goal five years, three years,
• 18:02
  Speaker 2: two years, one years, what makes you think that they're
• 18:04
  Speaker 2: gonna meet the goal today? So when I look at
• 18:06
  Speaker 2: the mutual fund, I always look at that benchmark, and
• 18:09
  Speaker 2: I'm always looking at the mutual fund and seeing if
• 18:11
  Speaker 2: that percentage is higher than the goal that the fund
• 18:14
  Speaker 2: set for itself. And that's important to look at performance
• 18:18
  Speaker 2: long term because, like Eyl said, twenty twenty was an
• 18:21
  Speaker 2: amazing year for those people who got smart and got
• 18:24
  Speaker 2: active in the market if you could afford to invest
• 18:27
  Speaker 2: right those returns. Some of these mutual funds were returning
• 18:29
  Speaker 2: twenty thirty forty fifty percent. We probably cannot anticipate that
• 18:33
  Speaker 2: that's gonna happen in twenty twenty one with the introduction
• 18:35
  Speaker 2: of the vaccine. But if you look five years, three years,
• 18:39
  Speaker 2: two years ago pre pandemic, you can see how those
• 18:42
  Speaker 2: fund managers were managing that account apps in COVID and
• 18:46
  Speaker 2: that could be a future indicator for their performance moving forward. Well,
• 18:51
  Speaker 2: what's now to cut you off? What's the mutual fund
• 18:53
  Speaker 2: or top two that you like? Because I know they're
• 18:55
  Speaker 2: gonna kill us if we don't ask. I like the
• 18:58
  Speaker 2: Fidelity blue Chip Growth so I believe that that is
• 19:03
  Speaker 2: write down the stick to stock TI for that. But
• 19:05
  Speaker 2: that's Fidelity blue chip Growth. And then I also like
• 19:09
  Speaker 2: B and Y melon small big cap, so that's d
• 19:13
  Speaker 2: B max so d B m A x dB max. Okay,
• 19:19
  Speaker 2: so those are the two that I have.
• 19:20
  Speaker 4: The Fidelity I'm definitely familiar with the Fidelity mid cap
• 19:24
  Speaker 4: growth one. That's that's a that's a very good one.
• 19:28
  Speaker 4: That was a whole that I and that the information
• 19:31
  Speaker 4: is not just for a four to one k's like,
• 19:35
  Speaker 4: that's just broad range investment information. She just talked about
• 19:39
  Speaker 4: make cap, large, cat, small, cab, pe ratio benchmarks, a
• 19:43
  Speaker 4: lot of stuff that I don't think we even spoke
• 19:45
  Speaker 4: about before. So yeah, man, that was that was great.
• 19:49
  Speaker 4: I just I just want people to fully appreciate the
• 19:51
  Speaker 4: level of education because that was a lot a lot
• 19:53
  Speaker 4: of gyms. Sometimes that you give people so many gyms,
• 19:55
  Speaker 4: it's just like they don't fully understand what's what's being
• 19:59
  Speaker 4: given to them. Now was like a full blueprint of
• 20:01
  Speaker 4: actually how to break down fun.
• 20:04
  Speaker 3: Yeah, it's the crazy part is like to me, when
• 20:07
  Speaker 3: I was listening to it, I'm like, Yo, this is crazy.
• 20:08
  Speaker 3: This sounds pretty similar to how we will research our ETFs.
• 20:11
  Speaker 4: Well, once you, like I said, learn about process, right,
• 20:15
  Speaker 4: once you learn one, it's like learning the language. Like
• 20:17
  Speaker 4: once you learn one thing, whether it's a mutual fund,
• 20:20
  Speaker 4: whether it's an ETF, whether it's an individual stock, it's
• 20:23
  Speaker 4: all it's all synonymous with each other. And that this
• 20:25
  Speaker 4: is what helps you. Like once you start to learn
• 20:27
  Speaker 4: about the investment language, they're all very similar. So you
• 20:30
  Speaker 4: can use the same the same thing in individual stocks
• 20:34
  Speaker 4: with your brokerage, investing for your kid, doing an IRA
• 20:38
  Speaker 4: for one K. It's all very similar.
• 20:40
  Speaker 3: But you know what the beautiful part is, and I
• 20:42
  Speaker 3: give you a whole lot of credit. It's like, think
• 20:44
  Speaker 3: about all of what she just told you, Like that's
• 20:47
  Speaker 3: the homework.
• 20:47
  Speaker 2: You know what I'm saying.
• 20:48
  Speaker 3: People like, Yo, what y'all y'all saying, like, do your
• 20:50
  Speaker 3: homeworker what she just gave you a whole lesson of
• 20:54
  Speaker 3: how to do the homework when it comes to investing
• 20:56
  Speaker 3: in mutual funds. And shout everybody. I see people putting
• 20:59
  Speaker 3: up that we and to death about expense ratios in
• 21:01
  Speaker 3: the book club. But Yo, you just laid it out.
• 21:04
  Speaker 6: We got we got keys, we gotta get you the
• 21:06
  Speaker 6: teacher class, key Lay Professor, Professor Key got you gotta get,
• 21:14
  Speaker 6: you gotta get your.
• 21:14
  Speaker 3: Teacher class and I would love to join.
• 21:16
  Speaker 2: I do want to add that the one I just
• 21:18
  Speaker 2: wanted to my Fidelity account. That's why I keep Traditional
• 21:21
  Speaker 2: I r A and we were talking about four one ks.
• 21:23
  Speaker 2: But like I said, this information transferable and that's f
• 21:27
  Speaker 2: b g r X. That's the stock tickers. So that's
• 21:30
  Speaker 2: f b g r X and that's Fidelity Blue Chip.
• 21:37
  Speaker 4: Give it. It's a whole lot of game. My graduates
• 21:41
  Speaker 4: from my school being forced back drop b drop, Mike
• 21:47
  Speaker 4: drop back drop drop.
• 21:59
  Speaker 1: And then legal alien from Guatemala charged with raping a
• 22:03
  Speaker 1: child in Massachusetts. An MS thirteen gang member from Al
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  Speaker 1: Salvador accused of murdering a Texas man of Venezuelan charged
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• 22:15
  Speaker 1: just some of the heinous migrant criminals caught because of
• 22:19
  Speaker 1: President Donald J. Trump's leadership. I'm Christy nom the United
• 22:22
  Speaker 1: States Secretary of Homeland Security. Under President Trump, attempted illegal
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• 22:31
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• 22:34
  Speaker 1: you are here illegally, your next you will be fine
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  Speaker 1: home app and leave now, you could be allowed to
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  Speaker 1: return legally. Do what's right. Leave now. Under President Trump
• 22:53
  Speaker 1: America's laws, border and families will be protected.
• 22:57
  Speaker 2: Sponsored by the United States Department of Homeland Security,