what is up my fellow youtubers I am Mike also known as MK the CPA and as you can
see I am sporting my chipper mug tonight am I'm good as I promised you guys I'll
be going into detail of each step we talked about in the last video if you
haven't seen the last video make sure to hit that card link that's going to pop
up on the screen here any second now if you guys remember in the first video at
the end of it I asked you guys to do some homework find out what your fun
choices are and make a list of all of your 401k investments did you do your
homework if not it's okay if you did do your homework and find out what your fund
choices are you're going to be a step ahead of the curve in this video like I
said we're going to be diving into more detail of how I do this process so that
you can improve your 401k investment returns so far I've been getting some
good feedback on the first part of this series they said Mike I liked your video
but what if I don't know about investing I said can you keep it simple bro I said
no problem we got this so what I'm going to do for you guys I'm going to pretend
that this is the first time you've ever done 401k investing this first time
you've ever looked at anything in your 401k plan so right now I want to take a
moment and I want to share with you guys where you would go to start finding out
what your 401 fun choices are in your company's 401 k plan
okay guys let's go ahead and get started now the idea is here is that you've
actually gone and talked to somebody at your company if you don't know who your
401k provider is now remember in the last video we talked about 401k
providers some examples were one John Hancock - Vanguard and three fidelity
now for the purpose of this video I'll be showing you how to navigate the three
websites in order to find the fun toy psa's if you have John Hancock Vanguard
or fidelity oh you don't have either one of those it's okay but you'll get the
general idea of what where to go and what to do if you've never done this
before so here's Vanguard right here here is
fidelity and here is John Hancock now of course if you had no idea where to start
you would obviously go to google and type in Vanguard and you'd click this
first one right here so part of becoming an investor is actually there's actually
the step of actually knowing how to navigate the website rocket science
right but of course we want to dive right into investing of course we want
to get right down to the quickest way we can find the fastest return on
investment but if you think about it if you think about the process you actually
have to know how to use the providers website so in this example we have
Vanguard here and this is going to I'm going to show you how this works for any
of these providers so if you don't know where there's a lot of when you come to
this website there's a lot of different options and you're going to find there's
a lot of different options on each of these websites John Hancock on fidelity
etc and you can get lost really quickly but guess what guys here's the secret
after staring at all three of these things before starting to record this
video I found the quickest way to get to the fund choices and I'll leave links
guys in the description below and in the comment section I'll leave links to all
of these websites so you can jump right to them so if you go to Vanguard
Vanguard your company's 401k provider you would
login right here this is where you would go to login now there are several
screens where you would actually go to login and what I do want to tell you
guys is that your account online if you actually go and log into this it's going
to look different than just the general website that's for the general public so
I don't have you know I don't have access to Vanguard so I can't show you
that side of things but you're still going to get the general idea so if we
go down here go to the very bottom of the page and come over here to see where
it says investment products go ahead and click that now it's going to take you to
this page called investment products and its first it's not obvious where the
funds are is like where the heck are the mutual funds where are these funds at
let's go down a little bit and right here see where it says if you want to
see all the mutual funds in Vanguard that are made specifically for Vanguard
just click right here and it's loading and there's 126 funds to look at if you
wanted to look at all the funds
dodged a bullet there huh you'd come here they haven't broken two bound my
tax limped they have a bond section it's alphabetical then they have below
investment-grade and then they have balance funds so they have target date
funds these are you guys are probably heard of these these are meant for the
year you're supposed to retire so you know my target date according to
financial advisers probably around 2050 and so there's target date funds so it
hasn't broken down by section which is pretty cool
large cap stock funds etc so that's where you would go and I'll put like I
said on the post links to all of these guys so every one of these websites of
where you can find these investments quickly we're not going to do any
detailed analysis in this video I'm just showing you where to go on the website
because that's going to save you time and it's going to make you more
efficient when you actually come and start digging into these ok let's look
at fidelity now let's now we're on the fidelity homepage let's define that
Vespas quickly on fidelity once you go to Videla comm and come all the way down
the bottom of the page does it sound familiar
and here we chose mutual funds go ahead and click mutual funds right there and
it's going to take you to this page now see where it says explore our fund
offering click there and here we are guys so now we're on fidelity mutual
funds and notice this looks a lot different right this looks like you're
probably thinking whoa Vanguard and this look way different what I do each of
these sites is going to have a different look and a different feel to it so far I
like Vanguard the best from a presentation standpoint it's one of my
favorite fidelity does have other perks to it once you dig into like the actual
detail of each of these funds but as far as the overall layout of how the website
lays out their funds I like Vanguard a lot and I like John Hancock a lot so for
fidelity here's where their funds are at here's here's where they're showing up
he has a large value of the large blend large growth and if you wanted then
there's international equity you click here and then there's all these funds
what's hard here is you can't see the performance are the track record with
clicking into each one as far as I know of if you have fidelity or if you know
how to navigate this better please let us know in the comment section below if
you know a quicker or better way to look at this information and that's true for
any of these please let me know John Hancock gets wet you go to John Hancock
comm where do you think we're going to go we're going to go straight down to
the bottom of the page once again because that's one of the fastest ways
to find their investments so straight down very bottom under individuals see
where those investments click this and it's going to take you this nice pretty
page so now that you're on this page you just go to funds click some funds here
we are here's all the John Hancock funds and it's kind of this one's kind of a
hybrid between the fidelity website and the Vanguard website where you can see a
list of funds like this with some data but that also if you wanted to see it by
by type you could break it out this way you can look at global international
income and things and things like that ok guys so the point of this video is
really to get you guys comfortable the concept and the idea if you're getting
you guys comfortable with your 401k providers website now I know as you look
at this and you see all of these different funds it's very overwhelming
if you feel overwhelmed you should because when I first looked at this for
a long time this looked like a bunch a gibberish you know what I'm saying I
mean look at this small cap you look at the small cap and you read this well you
read ok small cap value index Admiral like what the hell is that I have no
idea what that is but it's ok you're not supposed to know what it is until you
really dive into it and we'll go further into detail on each of these things but
in order to become a good investor you do have to get familiar with the
platform in this case the website of the provider because the providers website
is going to have the most information about your funds than any other website
on the Internet there are other good resources out there
but of course Vanguard is going to have the best information on Vanguard right
oh why wouldn't they so just keep that in mind it's going to how do you think I
learned this stuff guys I had to read and read and read and then read some
more I mean that's how you learn the stuff is you actually take the time you
want to become in an investor invest the time to learn how to invest and you'll
do bet it's like Italy worth your time it absolutely is so really I just made
this video because I know you guys I got the feedback of please make it really
basic because I've never done this before well this is just helping I just
want to show you that each providers websites going to be substantially
different but I bet if you were to really learn this there's a lot of
similarities between the two that's pretty much it guys
I will leave like I said I will leave links to all of this information in the
comment section down below our in the description section down below as well
and just feel free take some time and just explore your providers website and
get familiar with it so that you can quickly find the information you're
looking for when you need it now in next week's video we're going to look we're
going to we're not going to sit here and go through 126 vanguard funds that would
be absolutely insane I would lose my mind you would lose your mind and we
would all just give up before we do any research our goal is to be as efficient
as possible and the way to do that is to have criteria in mind we don't want to
look at every investment I mean 126 investments will take us forever we're
not going to do that we're going to select criteria and I'm going to share
with you my top three to five things I look at before doing any research at all
at all though so that we're saving the most time possible but also the getting
the most bang for our buck with our research so if you guys liked the video
make sure to drop a like hit that like button down below if you have any
questions or comments about anything we talked about today please let me know
drop those comments in the comment section down below and until then I love
you all and I will see you in the mix video piece
you