 What's up everybody Aaron here from Departures Capital, and we're here with Rich TV Live. How's it going Rich? Going really good. How you doing today? I'm doing good. I'm doing good And I'm excited to get started talking about this different topic, you know investing for beginners So I thought we'd put out an awesome video, you know more so educational video about Investing for beginners. So we'll let Rich take the lead now and let's just hear what Rich has to say about investing for beginners Well, I think that Investing is a great way to build wealth over time and I think the key to investing is you need to be diversified. So One of the first things I would do when I was looking to invest is I would look at how much money I have to invest Then I would think about what do I want to do with that money? Do I want to be risky with it? Do I want to save for like stability? Am I thinking long term? You know, you really have to kind of think about what you want to do with that and then once you Identify what you want to do then you have to actually execute a plan and For me, it's always been real estate number one number two and Recently over the last couple years cryptocurrency is number three But because of the market volatility that we're having having right now Cryptocurrencies is really kind of taking a really a backseat any box right now, which I've been Invested in for a long time right now are very heavily under a lot of pressure. So It's very Dangerous time for investors that are investing right now. Nobody really knows there's a lot of volatility Nobody really knows what's gonna happen. Are they gonna go up? Are they gonna go down? There has been crazy amount of volatility So when you're an investor, you got to think about where do you want to put your money now at the same time? Volatility is also really good because Volatility is how you make money and the more volatility up and the more volatility down the more potential for winning. So These are all the positives and negatives when investing in Stocks with real estate real estate is a little bit more stable, especially here in Canada It's more of a long-term investment, but it can yield incredible results. So that's why real estate has always been kind of my number one It's always been my safe haven stocks has always been kind of like, oh, let me play around Yeah, the currencies was also like only put play around some more What I've learned is I like them all I love them all really I do and I think they all have so much potential And I want to be a big part of all three industries however, I still feel that real estate is the safe haven and That stocks are Very great safe haven at times, too But at times it can be very volatile and very risky and currencies are extremely volatile and probably the most risky out of three So sure, that's what I found. What about you? What do you think? Yeah, so I mean I'm a hundred percent with you on real estate. I mean results don't lie Like my first real investment was definitely it was investment properties still have them. They're doing great You know the rents go up property values go up for the most part, I mean real estate's not immune to market volatility like we saw in the States, but Canada has a pretty sound banking system which I really like, you know, our banks are well capitalized and As we saw in 2008 when the recession hit and the house prices in America crashed, you know We flat-lined to zero percent the next year our real estate values went up like I think it was 10% so Yeah, real estate is definitely my number one and then Stocks I don't do cryptocurrencies, but it is cool that I do something Else other than you like I do commodities so gold and silver and it's more so a store of value and a hedge Then it is like I'm investing in gold to make a huge profit Which not really but it's all it's nice to have like you said diversity therefore, you know Things everything goes to crap and you know, you have a bunch of gold sitting around there in the bank whatever You can sell that and convert it into other stuff and buy You know everything when it's cheap or you can just continue to hold it. So it's nice to have those different those different investments diversified just because like You never know when one sector is gonna tank, right? Like what if you know, what if the market completely tanks or what if real estate fully tanks are Obviously real estate in my opinion is the least risky of them all Because there's just so many things you can do with it and not to mention if you own real estate and the property values go down Well, you sit on it and keep collecting rent and paying down your mortgage and building equity. So it's like Yeah, there's There's a lot of different things and I think yeah, like you said when you start off investing I mean the only barrier to a new investor is really gonna be money and you know buying if you're looking to get into real estate buying your first investment property with a little bit of money is gonna be kind of hard especially in this day and age when property values are so high mortgage regulations are tightening and Capitals not as cheap as it was before Right absolutely. I know that for myself that I want to get into commodities. I've been thinking about it a lot That yeah diversified a little bit more I like to learn and I think that I learned a lot about crypto currencies by being in the industry and I wouldn't have known a Lot of what I do know if I didn't yeah Even though at times it was painful watching everything collapse Oh, yeah, and right now with what's happening in the cannabis sector kind of reminds me of what happened with crypto currencies because everything is really collapsing But in the real estate sector, even though they've made it more difficult for mortgages Haven't seen the pricing of the housing market go down Substantially yet. No, I'm a little bit concerned about because the natural thing in my mind is is if the stocks go down Will the real estate not naturally go down next like people will start to sell off the real estate, right? Because they don't want to sell their stocks. So what are they gonna do? They're gonna start selling off the real estate. So I Don't know. I'm concerned. I'm not gonna lie. I am concerned about what's happening on a global scale Yeah, and I think we need to be very careful right now and right now it might even be a good idea to even stay in cash I know it's scary to say that or maybe even put that cash into gold something a safe haven that Can at least be stable Yeah, because right now with the economy the way it is and everything in a very big state of unrest Mm-hmm there's a lot of volatility everywhere and more red than green over the last month and There's a lot of panic that's starting to set in and the big word recession is coming in And I was saying that a lot and if we are just in the beginning of it It could get a lot uglier before it gets better. Yeah What do you think about that? What's your opinion of that? Yeah, I think it's it's definitely a possibility one of my like I don't know I've always been this has kind of been my prediction for the next five to ten years and it's not like super doom and gloom but it's also not sunshine and Roses and all that kind of stuff. So my prediction over the next five to ten years is that We've already somewhat hit peak global growth in terms of this business cycle So and then I think that's what's caused the recent volatility in the markets for 2018 I think 2017 was like our landmark year that this is like, you know 2017 was straight up we shot up into the start of 2018 and then we hit volatility and It's just been crazy for the for the entire year. But what I think is gonna happen is, you know we've hit peak global growth and I think them that we're gonna Inflation is not going to be as high as they expected to be like the feds Trying to hit this 2% inflation number and that's why they're raising interest rates like crazy But we're seeing interest rates take a toll on the markets, right? Like fear of interest rate hikes Markets get all shaky. Of course coupled with the trade war tensions. That's what's bringing us down right now So, you know the trade if they can resolve a trade war that'll be a positive for the markets But for the next five to ten years, I don't know. I can see it inflation stagnating growth minimal or Not much at all and we just Flatline, I don't know if we're gonna. I don't think we're gonna crash like we did in 2008 because there was no other than the The debt bubble, but we've always had debt. So there's nothing that was so inflated like the Real estate market in the States right back before 2008. We had a crazy bubble But I don't think there's anything That's been that inflated But I think we could see sideways movement in the markets, you know up down up down for the next Five years or whatever. I think we're gonna have a slow I read a really cool article. It was like, you know in 2008 the recession was like v-shaped, right? So it crashed bounced back up and then kept going. I think this is gonna be more of like a bowl so it's gonna be like Slow, it's gonna be slower not as painful but painful over time and then we'll eventually Find our footing and then you back up. So that's my prediction All right, well, you know what hopefully some of these predictions can help you guys at home that are learning Hopefully you guys can go and smash that like button Subscribe hit that bell for notifications. Okay, and if you're looking to invest Hopefully you can come to our channel here rich TV live and departures capital and we can give you some information That can help you guys in your journey to becoming Successful financially free and achieving all of your financial goals One more thing to add Next video for you guys. I think me and rich should talk about some investments for the next five to ten years Stocks and stuff like that that you guys can start looking at now that can be long-term holds So we're not talking about the top three picks of next month We're talking with the next picks for the next five to ten years that might be some great ideas. So stay tuned guys Remember if you're not winning you're not watching. This is your boy rich And I'm oh perfect, so I think