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Study Hall: MAKE BIG MONEY WITH MUTUAL FUNDS · Earn Your Leisure

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  Speaker 1: Behind every VP Phillip. Thousands of people across America go
• 0:04
  Speaker 1: to work every day. People producing energy, all shore, people
• 0:07
  Speaker 1: turning it into products at our refineries, people doing R
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  Speaker 1: and D to make products that are better for your engine.
• 0:14
  Speaker 1: People trading and shipping fuels to their destinations. And the
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  Speaker 1: people who help you at one of VP's growing family
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  Speaker 1: of retail stations. They're part of almost three hundred thousand
• 0:23
  Speaker 1: jobs VP supports across the country. Learn more at VP
• 0:27
  Speaker 1: dot com. Slash Investing in America.
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  Speaker 2: Four one K right, this this is the beginning of
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  Speaker 2: the year. The four one K is a lot of
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  Speaker 2: people's first way to start investing in the stock market. Right,
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  Speaker 2: most people actually the majority of their stock investment, or
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  Speaker 2: if they only they only have one stock investment, and
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  Speaker 2: that is the four one K. Right. A lot of
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  Speaker 2: people don't have outside stock investments outside of a retirement plan.
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  Speaker 2: So what is your suggestion for people, young people or
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  Speaker 2: old people whatever that you know might have just signed
• 0:57
  Speaker 2: up for the four one K or are in a
• 0:59
  Speaker 2: four one K. What's your thoughts on allocation and things
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  Speaker 2: of that nature.
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  Speaker 3: No, I think that that's a really good question. I
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  Speaker 3: did want to address what you all said about the
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  Speaker 3: tax deductions before we move forward, because I think that
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  Speaker 3: that's important and significant when you live your life like
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  Speaker 3: a business, the expenses that you incur as an individual,
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  Speaker 3: you can, like you said right off, as a business.
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  Speaker 3: So like the Internet that you're using on a regular basis,
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  Speaker 3: you already know you was gonna be scrolling through Insagram,
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  Speaker 3: following uy L following, following for Shot, following, Troy following,
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  Speaker 3: like y'all said, black up. Sorry, but you also use
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  Speaker 3: your Internet to run your business. Your cell phone, you
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  Speaker 3: gonna call your girlfriend, You gonna gossip about that guy
• 1:40
  Speaker 3: you swipe right on and he showed up at the
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  Speaker 3: day a whole catfish. But guess what else? You gonna
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  Speaker 3: use your cell phone to call? Make business calls in
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  Speaker 3: order to generate business. Like when I started looking at
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  Speaker 3: the number of tax deductions that are available for your business,
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  Speaker 3: those number over four hundred deductions. If you're going on
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  Speaker 3: vacation but you're doing business for a certain percentage of time,
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  Speaker 3: that's no longer a business. I mean, that's no longer
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  Speaker 3: a vacation. That's now business travel. So when I started
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  Speaker 3: to reorient my mind into thinking about what are the
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  Speaker 3: things that I'm going to do anyway, you know, just
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  Speaker 3: as an individual, how can I reclassify that as my business?
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  Speaker 3: I was able to see how I can reduce the
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  Speaker 3: taxable income because you all talked about taxes being expensive.
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  Speaker 3: Taxes are expensive the more income that you earn, because
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  Speaker 3: the percentage that they charge in taxes increases along with
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  Speaker 3: your income. With deductions, you're able to reduce that tax liability.
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  Speaker 3: And that's what deductions really afford to you. So that
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  Speaker 3: was I really like how you all talked about that.
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  Speaker 3: In regard to the four oh one K, four O
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  Speaker 3: three B if you're working with a nonprofit organization four
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  Speaker 3: one K four or three B TSP. If you're self employed,
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  Speaker 3: it's the IRIS traditional and WROTH and we can talk
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  Speaker 3: about that as well. The first thing that you want
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  Speaker 3: to do is you want to ask your employer, because
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  Speaker 3: the four to oh one K is an employer sponsor program,
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  Speaker 3: if they can your contribution and how much they match
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  Speaker 3: per dollar. So one of my employers match up to
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  Speaker 3: six percent of the salary that I was earning, so
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  Speaker 3: every single year, just like you said, Rishot, they're going
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  Speaker 3: to ask for those individuals who want to contribute to
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  Speaker 3: the four all one K. They're gonna ask how much
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  Speaker 3: you want to contribute and how frequently, So you want
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  Speaker 3: to make sure that you ask those critical questions. The
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  Speaker 3: second thing is the biggest mistake that I made, is
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  Speaker 3: I did listen to my mama because she told me,
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  Speaker 3: listen at twenty years old, you were going to be
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  Speaker 3: investing in your four o one K, and I will
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  Speaker 3: tell her at twenty years old, I'm not thinking about retirement.
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  Speaker 3: I'm not thinking about retirement. But we know the benefits
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  Speaker 3: of compound interest. The earlier you get started, the more
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  Speaker 3: your money can go to work with you or work
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  Speaker 3: for you over the years. So my mom started investing
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  Speaker 3: in retirement at thirty one. She thought if I could
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  Speaker 3: start eleven years ahead of her, then perhaps I could
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  Speaker 3: retire early. But for four one ks, you want to
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  Speaker 3: look inside whatever you are our employer has set you
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  Speaker 3: up with Initially. For me, one of the biggest mistakes
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  Speaker 3: I made is I looked inside of my four one
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  Speaker 3: K late and I saw that nearly one hundred percent
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  Speaker 3: of my money was invested in money markets. So I
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  Speaker 3: think I heard maybe Ian talking about it earlier. I
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  Speaker 3: came in maybe about ten minutes towards the end of
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  Speaker 3: the conversations. But money markets are not going to return
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  Speaker 3: as much as equities. So like my money is returning
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  Speaker 3: one or two percent a year, it took me like
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  Speaker 3: two years to check it. One or two percent a year.
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  Speaker 3: That's equivalent to your money be invested in a savings account.
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  Speaker 3: Think about a four one K. If you are actively
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  Speaker 3: managing your funds, or you're critically thinking about what mutual
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  Speaker 3: funds you want to select, then you should be returning
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  Speaker 3: at least in my opinion, at least that what the
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  Speaker 3: S and P five hundred is returning. So one to
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  Speaker 3: two percent was too low for me. So I had
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  Speaker 3: to go inside of my four one k, look at
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  Speaker 3: the mutual funds that my employer has selected for me,
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  Speaker 3: and then get smart, just like you all said informations
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  Speaker 3: on the other side of your fingertips, get smart about
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  Speaker 3: what mutual funds I thought we could perform better for
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  Speaker 3: me versus what my employer selected. What are some of
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  Speaker 3: the things that I look for. The first thing is
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  Speaker 3: rule of thumb. You take one hundred and ten, you
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  Speaker 3: subtracted by however old you are right now, and whatever
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  Speaker 3: that resulting number is is the percentage of equities in
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  Speaker 3: which your mutual funds should be invested.
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  Speaker 4: So you said it one more time because I know
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  Speaker 4: people missed it. But it's a good formula.
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  Speaker 3: Yes, So you take one D and you subtract your age,
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  Speaker 3: and whatever that resulting number is is the percentage of
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  Speaker 3: equities in which you should be invested. Equities is synonymous
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  Speaker 3: to stocks. You can have US equities, which is US companies.
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  Speaker 3: You can have non US equities, which means that that's
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  Speaker 3: foreign investments as foreign businesses it are being traded on
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  Speaker 3: their stock markets. So whatever that number is, equity should
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  Speaker 3: be represented there.
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  Speaker 2: Ho hold, I just want to just because that was
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  Speaker 2: that was actually a very very good, useful formula. So
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  Speaker 2: if you're thirty years old, that's roughly eighty percent. Eighty
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  Speaker 2: percent of your money should be in stocks. Yep, that's
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  Speaker 2: extremely I agree.
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  Speaker 3: You guys are sleeping on it.
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  Speaker 4: Write that down, crit it down, and they can play
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  Speaker 4: in three weeks.
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  Speaker 3: Like, what was the formula? Write it down? Now, write
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  Speaker 3: it down, Come on down, think we should have one.
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  Speaker 3: Come on, let's go.
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  Speaker 4: You should be at money markets until you're like seventy
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  Speaker 4: or eighty. I can't believe that.
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  Speaker 3: So that is the thing about it is listen, y'all
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  Speaker 3: give away a lot of free games. So you want
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  Speaker 3: to look at the percentage of equities. You want to
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  Speaker 3: get familiar with the different asset classes that are available
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  Speaker 3: to you. So I heard Ian talking about bonds. You
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  Speaker 3: can do real estate, you can do a mixed fund.
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  Speaker 3: So like you want to take a look at what's
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  Speaker 3: inside of that fun Next, you want to take a
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  Speaker 3: look at your mutual fund. What is the expense ratio?
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  Speaker 3: Because over time, the higher the expense ratio is, the
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  Speaker 3: more expensive it is to keep that particular mutual fund.
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  Speaker 3: I recommend that the expense ratio you'll be one percent
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  Speaker 3: or fewer. Okay. Expense ratio is what fund managers charge
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  Speaker 3: you to pay them to actively manage the investments within
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  Speaker 3: your mutual fund portfolio. Okay, so that's one percent. You
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  Speaker 3: take that one percent and you multiply it by the
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  Speaker 3: money that you have invested in that account. It's important
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  Speaker 3: that you understand what type of equities are in there.
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  Speaker 3: So you may look at what is the type of
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  Speaker 3: fund and may say things like large cap, mid cap,
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  Speaker 3: small cap. I believe Ian was talking about this earlier too,
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  Speaker 3: so large cap those are the large companies that you
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  Speaker 3: definitely recognize their names. That's the Amazons, the Facebook's, the Microsoft's,
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  Speaker 3: the Googles. But then during the pandemic, some of the
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  Speaker 3: high performers have been the MidCap companies. So one particular
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  Speaker 3: MidCap mutual fund that I owned, two companies that were
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  Speaker 3: on there that were turned in triple digits. Tesla was
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  Speaker 3: in there, Teledoc was in there. Those were two companies
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  Speaker 3: that you absolutely know their name, and they returned it significantly. Why, because,
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  Speaker 3: of course, we had a black swan event. No one
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  Speaker 3: could have predicted that we would be in the middle
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  Speaker 3: of a health pandemic, right, a health pandemic that nobody
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  Speaker 3: could have anticipated. And those companies that were able to
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  Speaker 3: serve our needs while we stayed at home, which is
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  Speaker 3: why they call it stay at home stocks, were able
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  Speaker 3: to experience tremendous growth. Okay, so MidCap MidCap, and then
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  Speaker 3: you have small cap companies and so those are small
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  Speaker 3: capitalized that's what that cap stands capitalized companies. Okay, so
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  Speaker 3: you want to take a look at that. Now.
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  Speaker 3: Did I take a look at When I'm looking at
• 11:30
  Speaker 3: mutual funds, I'm looking at the sectors, so we know
• 11:34
  Speaker 3: there's eleven sectors in the stock market, Like, what are
• 11:37
  Speaker 3: the top three to four sectors within that fund? Again,
• 11:41
  Speaker 3: one of the things that I love about with Ian said,
• 11:43
  Speaker 3: he said, Hey, these were the top three performing sectors
• 11:46
  Speaker 3: for twenty twenty Technology? Was it communications? Consumer discretionary? Get
• 11:54
  Speaker 3: comfortable in figuring out what exactly does that mean? And
• 11:57
  Speaker 3: guess what Google is your friend on the other side
• 11:59
  Speaker 3: of your fingertips again, is information. Don't swim in the
• 12:02
  Speaker 3: ocean of knowledge and drowning ignorance. When we talk about technology,
• 12:06
  Speaker 3: that's an Apple, that's a Microsoft, that's a Google. When
• 12:08
  Speaker 3: we talk about consumer discretionary. That's home depot. Y'all was
• 12:11
  Speaker 3: in y'all house, fixing your closets, painting your walls, making
• 12:14
  Speaker 3: your house look pretty. That's McDonald's. Were not going to
• 12:17
  Speaker 3: negotiate if you should be eating them chicken nuggets. But
• 12:19
  Speaker 3: let me tell you, some people got tired of cooking.
• 12:20
  Speaker 3: They went right on in, not drive through. That's a
• 12:23
  Speaker 3: consumer discretionary category. Communications. Everybody was watching Netflix, Disney plus
• 12:30
  Speaker 3: the introduction of five G's, So that's Sprint. I ain't
• 12:33
  Speaker 3: gonna talk about y'all Sprint, folks, but the call always
• 12:35
  Speaker 3: drops rising communications sectors. Be smart about the sectors. What
• 12:45
  Speaker 3: are the companies that you're patronizing that you're spending your
• 12:47
  Speaker 3: hard earned dollars at during the pandemic after the pandemic
• 12:51
  Speaker 3: pre pandemic. Be smart about the sectors. What are the
• 12:55
  Speaker 3: sectors that underperform? Energy? Why? That's oil, right, that's oil.
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  Speaker 4: You can't love Tesla and be pro energy too.
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  Speaker 3: I mean that's clean energy, you know it, So that
• 13:05
  Speaker 3: you're looking at energy. You know, you say the planes
• 13:07
  Speaker 3: have been grounded, what do they require fuel? Right? When
• 13:10
  Speaker 3: we're talking about cars, some of you aren't commuting to
• 13:13
  Speaker 3: your nine to five. You're nine to five. You're not
• 13:15
  Speaker 3: driving from your house to your job. You walking from
• 13:18
  Speaker 3: your bedroom to your living room. Okay, so you're not
• 13:21
  Speaker 3: putting as much fuel in your car. Energy sector underperform, right,
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  Speaker 3: So like that's ranking low. So you want to take
• 13:28
  Speaker 3: a look at those sectors and you want to see
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  Speaker 3: if that makes sense, what are some companies that are
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  Speaker 3: part of those sectors. And then I look at the
• 13:33
  Speaker 3: top ten holdings within that mutual fund, because I think
• 13:36
  Speaker 3: it's important you know, what are those top ten holdings,
• 13:39
  Speaker 3: how are they performing? And then the last thing that
• 13:40
  Speaker 3: I'll say is that, yes, I read the prospectives. That's important.
• 13:44
  Speaker 3: You should always read the prospectus. Yes, for some of
• 13:46
  Speaker 3: you all that's loan. But if you can sit and
• 13:48
  Speaker 3: you can watch Netflix and binge, watch it for three
• 13:50
  Speaker 3: consecutive days and text your boot, you can read the prospectus.
• 13:53
  Speaker 3: But I also look at the benchmark because the benchmark
• 13:58
  Speaker 3: is what the fund manager said that they were going
• 14:00
  Speaker 3: to this particular benchmark. I'm going to perform at or
• 14:04
  Speaker 3: better than this benchmark. What is a benchmark? The guys
• 14:07
  Speaker 3: talked about it on EYL. That's why y'all in here, right,
• 14:11
  Speaker 3: So like that might be the SMP five hundred, five
• 14:13
  Speaker 3: hundred publicly traded companies. That might be the Wrestle two thousand.
• 14:17
  Speaker 3: You know, is it a Wrestle two thousand growth? Is
• 14:19
  Speaker 3: it a Wrestle two thousand value? It might be the
• 14:21
  Speaker 3: Wressele twenty five hundred, It might be the Russell one thousand.
• 14:24
  Speaker 3: This benchmark if you look at and this is a
• 14:27
  Speaker 3: key that I do when I'm teaching my classes, I
• 14:30
  Speaker 3: go to markets ft dot com, or if you have
• 14:34
  Speaker 3: a trying to account with Fidelity or you know whatever,
• 14:39
  Speaker 3: wherever your four oh one k exists, going there, maybe
• 14:41
  Speaker 3: they have some resource tool. But I go to marketsft
• 14:43
  Speaker 3: dot com, I type in the stock symbol and I
• 14:46
  Speaker 3: click performance, And when you click performance, it will show
• 14:49
  Speaker 3: what was the benchmark for that particular mutual fund and
• 14:52
  Speaker 3: at what percentage did it return five years ago, three
• 14:57
  Speaker 3: years ago, one year ago, six months ago, three months
• 15:00
  Speaker 3: ago today if the stock market was open that day, Okay,
• 15:05
  Speaker 3: it might be fifteen percent, twenty percent. Right, Let's say
• 15:08
  Speaker 3: five years ago was fifteen percent, three years ago was
• 15:10
  Speaker 3: ten percent. Then you're gonna look at your mutual fund
• 15:14
  Speaker 3: and you want to see how well those fund managers
• 15:18
  Speaker 3: put the expense ratio. Did they charge you that one
• 15:20
  Speaker 3: percent that points zero five percent to work? If their
• 15:24
  Speaker 3: benchmark was fifteen percent. If Russell one thousand return fifteen
• 15:28
  Speaker 3: percent and your mutual fund returned six percent, they didn't
• 15:32
  Speaker 3: even meet their benchmark. That means they set a goal
• 15:34
  Speaker 3: that they couldn't even meet. And if they couldn't meet
• 15:37
  Speaker 3: their goal five years, three years, two years, one years,
• 15:39
  Speaker 3: what makes you think they're gonna meet the goal today.
• 15:42
  Speaker 3: So when I look at the mutual fund, I always
• 15:44
  Speaker 3: look at that benchmark, and I'm always looking at the
• 15:46
  Speaker 3: mutual fund and seeing if that percentage is higher than
• 15:49
  Speaker 3: the goal that the fund set for itself. And that's
• 15:52
  Speaker 3: important to look at performance long term because, like Eyl said,
• 15:56
  Speaker 3: twenty twenty was an amazing year for those people who
• 15:59
  Speaker 3: got small and got active in the market. If you
• 16:02
  Speaker 3: could afford to invest right those returns. Some of these
• 16:04
  Speaker 3: mutual funds were returning twenty thirty, forty fifty. We probably
• 16:08
  Speaker 3: cannot anticipate that that's gonna happen in twenty twenty one
• 16:10
  Speaker 3: with the introduction of the vaccine. But if you look
• 16:14
  Speaker 3: five years, three years, two years ago, pre pandemic. You
• 16:17
  Speaker 3: can see how those fund managers were managing that account
• 16:21
  Speaker 3: apps ince COVID, and that could be a future indicator
• 16:24
  Speaker 3: for their performance moving forward.
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  Speaker 4: Well, what's now to cut you off? What's up? Mutual
• 16:29
  Speaker 4: fund or top two that you like, because I know
• 16:31
  Speaker 4: they're gonna kill us if we don't ask.
• 16:34
  Speaker 3: I like the Fidelity blue Chip Growth, so I believe
• 16:38
  Speaker 3: that that is write down to stick to stop tible
• 16:40
  Speaker 3: for that. But that's Fidelity blue Chip Growth. And then
• 16:44
  Speaker 3: I also like B and Y Melon small MiGCAP, so
• 16:48
  Speaker 3: that's dB max, so dB m a x dB max. Okay,
• 16:54
  Speaker 3: So those are the two that I have.
• 16:56
  Speaker 2: The Fidelity, I'm definitely familiar with the Fideliti make have
• 17:00
  Speaker 2: growth one as that's a that's a very good one.
• 17:04
  Speaker 2: That was a whole that like, and that the information
• 17:07
  Speaker 2: is not just for a four one ks like, that's
• 17:11
  Speaker 2: just broad range investment information. Like she just talked about
• 17:15
  Speaker 2: make cap large, cab small, cave, pe ratio looking benchmarks,
• 17:19
  Speaker 2: a lot of stuff that I don't think we even
• 17:21
  Speaker 2: spoke about before. So yeah, man, that was that was great.
• 17:25
  Speaker 2: I just I just want people to fully appreciate the
• 17:27
  Speaker 2: level of education because that was a lot, a lot
• 17:29
  Speaker 2: of gyms. Sometimes that you give people so many gyms,
• 17:31
  Speaker 2: it's just like they don't fully understand what's what's being
• 17:35
  Speaker 2: given to them. That was like a full blueprint of
• 17:37
  Speaker 2: actually how to break down fun.
• 17:40
  Speaker 5: Yeah, it's the crazy part is like to me when
• 17:43
  Speaker 5: I was listening to it, I'm like, Yo, this is crazy.
• 17:44
  Speaker 5: This sounds pretty similar to how we will research our ETFs.
• 17:47
  Speaker 2: Well, once you, like I said, learned about process, right,
• 17:51
  Speaker 2: once you learned one, it's like learning the language. Like
• 17:53
  Speaker 2: once you learn one thing, whether it's a mutual fund,
• 17:56
  Speaker 2: whether it's an ETF, whether it's an individual stock, it's
• 17:59
  Speaker 2: all it's also anonymous with each other, and that this
• 18:01
  Speaker 2: is what helps you. Like, once you start to learn
• 18:03
  Speaker 2: about the investment language, they're all very similar, so you
• 18:06
  Speaker 2: can use the same the same thing in individuals stocks,
• 18:10
  Speaker 2: with your brokerage, investing for your kid, doing the I
• 18:13
  Speaker 2: RA four one K. It's all very similar.
• 18:16
  Speaker 5: But then you know what the beautiful part is and
• 18:18
  Speaker 5: I give you a whole lot of credit. It's like,
• 18:20
  Speaker 5: think about all of what she just told you, Like
• 18:22
  Speaker 5: that's the homework, you know what I'm saying. People like Yo, well,
• 18:25
  Speaker 5: y'all y'all saying, like, do your homework for what she
• 18:28
  Speaker 5: just gave you a whole lesson of how to do
• 18:30
  Speaker 5: the homework when it comes to investment in mutual funds
• 18:33
  Speaker 5: and shout everybody. I see people putting up that we
• 18:35
  Speaker 5: went into death about expense ratios in the book club,
• 18:38
  Speaker 5: but you just laid it out.
• 18:40
  Speaker 2: We got we got the keys. You gotta get you
• 18:42
  Speaker 2: the teacher class, key, professor, professor key, you gotta get you,
• 18:50
  Speaker 2: gotta get your teacher class.
• 18:51
  Speaker 3: And I would love to join. I do want to
• 18:53
  Speaker 3: add that the one I just wanted to my Fidelity account.
• 18:56
  Speaker 3: That's why I keep Traditional IRA and we were talking
• 18:58
  Speaker 3: about four one ks. But like I said, this information
• 19:01
  Speaker 3: is transferable and that's f b g r X. That's
• 19:05
  Speaker 3: the stock tickers, so that's f b g r X
• 19:08
  Speaker 3: and that's Fidelity blue Chip.
• 19:13
  Speaker 2: They give it. It's a whole lot of game. My
• 19:17
  Speaker 2: graduates from my school being forced bad drop bag drop, Mike,
• 19:23
  Speaker 2: dropadrop drop.
• 19:36
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