Have you been practicing any of these bad investment habits? Leave a comment below! Download my guide to learn how to investing in the right business at the right price - every time >> bit.ly/30SeiHS
Phil Town's Rule #1 Investing I wish you were my mentor. I’m new to investing and I started your podcast from the very first one and I plan to listen to each and everyone of them. You’re the best
I'm 18, and I'm fortunate enough to have parents that saved up about $10k for me, that and the $5K I've saved up myself is gonna give me a hell of a headstart. Yes, I'm thinking about retirement/first home. A lot of people in Sweden where I live calls me crazy for thinking about retirement at 18 when we have a public pension program for everyone, except that program is falling apart same as the rest of our welfare. if I put all my trust in the state then I'll never retire.
Talking from Slovenia, and Im with you. Retirees in Slovenia are in trouble and they dont even know that. E.U. is in trouble because people cant think longterm.
I have learned so much in the past 3 years. Never FOMO into a market. wait until it comes down and buy. And the second thing I learned is if you reach your target, then get out.
Phil, I just wanted to say, I am about 2/3rds of the way through your Rule 1 Investing book. I have read about 15 investment books in the last 2 years and yours, is by far, the best one. You explain everything so well and give unbelievable strategies. I wish that I had found this book during the 2008 recession. Thank you for all you do and all your great info.
Yes. Rule #1 is an excellent book. I also recommend the book his daughter, Danielle Town, wrote with him, "Invested." It has some updated information and explains some of the concepts even more clearly than in Rule #1.
@@rr8253 You won't be disappointed. All three are good books to read. Depending on your knowledge of investing, Rule #1 may make even more sense once you read Invested.
I just graduated college last May and I am contributing to my 401K and get investment fund. Even though the contributions are lower in comparison to my overall income, my focus is debt payoff. While in undergrad I accumulated a large amount of credit card debt (which will be paid off this year) and student loan debt. So, while I am in my 20’s my overall large investment is the elimination of this costly debt and building up a comfortable safety net.
Phil, I have been listening to you for a lot of years and for some reason the idea of just reading and it will help your investing never stuck but makes a lot of sense. I heard you say it over and over but I was hearing something different which was that we should read about the stocks and market in which we want to invest, not just to read what we like and it will help us in investing in what we like and know. Thanks for what you do.
Guys if you have yet to attend one of Phils seminars, take a weekend and do it. You will learn more in 3 days about planning for a financial future than you have in your entire life, I guarantee it. We flew from Australia just to attend his workshop and it is to date the best decision Kristie and I have ever made. It fun, entertaining and delivered so you will understand it. I can't thanks the rule 1 team enough.
"Stop following the mob in and out of the market" - So hard to do but so important to be buying companies at the right price and holding for the long term!! Great video Phil!!
I love watching this video now... in June 2020... I was then getting ready... not knowing for what... but it was worth it... love your videos. Thank you.
Great video. I'm entrenched in Rule1 investing and its good to hear and be reminded of the big picture while learning the devils in the details. I also work in the debt settlement industry and see the damage credit card interest rates does on so many families. It is literally never ending the amount of consumers who have 20k+ in credit card debt.
Buying the "frontrunners" at the moment is just to tempting ... made some "fast cash profits" 10, 15, sometimes even 20% in a matter of weeks ... BUT it's not gonna last forever and it's like playing withe the fire, one will get burned sooner or later ... so a big thanks to guys like you Phil to put the mirror in front of us to help us realize how money should be invested ...
I fully agree with the get rid of debt; I learnt the hard way as a young person... Got sold on getting a credit card to buy a laptop, listened to the sales man tell me this is all I have to pay a month; $2000 laptop and this is how much you have to pay a month... Sounds good right... After 2 years I noticed I was still paying for the laptop, looked into it and I was only paying the interest off each month I had only paid off $200 in 2 years off the principal... Never had another credit card for the past 15 years.
Looking back to this video from January 2020 now that it is March 2020, you were ridiculously correct. If folks weren't/aren't ready to buy this year, they are sincerely missing out so far.
Two years ago, I was doing to long and slow with vanguard ETFs and I got 13% on one and 16% on the other. This last year, I threw pocket change at Vanguard Reit, and got 30% ... I wish I went all in. ETFs are looked at like an index fund from what little I know. Love the channel.
During these market turmoil time, it would be nice to have your excellent insights on market conditions and anticipation. I love your guidance into financial freedom.
I used to follow the mob in and out of the market, but since i went to Rule #1 workshop in Atlanta, i started to think with my own brain. Thanks Mr. Phil!
Investing is the key to financial success, the rich invest in assets while the poor invest in liabilities. I rather invest and have my money work for me rather than just save and have it sitting there.
Most people want to invest but just find it difficult to pick out the right thing to invest in, some investments go bad and that's where the problem is, I'm interested in investing only if i could pick the right assets to invest in.
I support the motion of investing, i'm a salary earner but i do trade stocks during my free-time and i ain't bluffing but i make an average $250 in a week and about 500-700 in a very good week. Investing helps.
We DID have a 20% correction. It was from Oct to Dec 2018. It just touched a 20% decline by the end of December and then went all the way up until Trump's trade tweets in May 2019.
That's good insight. I bought a huge position in Shopify in December 2018. :) We just need another crash....not a correction. A crash. I'm getting my buckets ready.
My steps going to be: - Learn more about invest. - Make a watchlist. - Trade the bear market (yes trading every week). - Put my money in my stocks watchlist when they are at a discount point. - Enjoy life.
Love your videos, thanks Phil. This is however confusing times. If you stopped investing a few years ago when Warren said an economic disaster is coming, you will have lost out on all the profit that the stock market has returned. Perhaps a balance of 50% stocks and 50% cash is a better approach as an example. I’m always hearing, ‘Time in the Market is Better Than Timing the Market.’
Being invested in deeply undervalued companies is always better than cash. You do have to have a hurdle though. Mine is I want at least a 2X within 3 years before putting money to work. As your cash goes down, your hurdle goes up. That keeps cash for very depressed times.
Cash is king in a down market Warren Buffett had rescued a couple big businesses in 08 because he had so much cash he can weather the storm that other people could not he does not overpay for a business and he waits for the opportunity it is hard for people to sit on their hands and wait for the opportunity.
Thank goodness I live in England where we don't have to worry about health care costs. We pay our National Insurance and it's all free, apart from a small amount for prescriptions.
Wow, 9:50 was a spot-on prediction, all the speculators boarding the hype train, just like in late 2007, and then saw their investments fall 30-40% since February
Thank you very much. I have learned a lot from you during the past few years by following your channel. However, it wouldn’t be easy for an investor to stay out of the market and wait for a crash. Would it be easier to stay invested in great businesses and not try to time the market? (I listened to your other videos related to your market exit when it was overvalued)
Question 1 How do you get lots of cash without borrowing money? (Do you just have as much of your pay check) Q2 Are we meant to wait maybe till end of the year before assessing the market and into apple Microsoft Amazon?
Hey Phil, in Saudi, by law the government take 10% of my salary for my retirement so that is set. I stoped paying the minimum on my CC and now i pay them in full each month After years of loosing money in the stock market, am now doing everything you said about stocks and my portfolio is growing slowly but I learned now to be patient and am sure i will achieve my goals. thanks a lot for mentoring me.
Hmmm kinda disagree about ETFS not that I invested all my money in them I hold about 30% of my portfolio In the S&P 500 and history shows have been very reliable
I don’t want to just ask which ones to choose but should I follow the ones that people like warren choose? Bank of America etc..???? Thank you the only thing I’m worried about is all these company’s on sale and me not knowing what too choose?
I like and agree with your style of investing. Find normally well producing, great companies/corporations and snap them when they go "on sale." With the credit card thing, I've paid off my credit cards every month for decades now. I'm going to switch card companies because there are other credit cards that offer better rewards than what I'm getting. (I'm looking at cash back cards) I'm STILL going to pay my cards off LONG before the due date, but with the cash back, essentially, the credit card company will pay me to use their cards. Which is, I think a pretty sweet deal.
About credit cards is not true either. Most of them have 21 day NO INTEREST period , so if you pay in time, you get cash back(or other perks, but you pay ZERO interest. Just because a knife is sharp , it does not mean that we can not use it. We just need to learn how to do it safely. I feel that I want to make video on that (although my channel about recipes)
Soo at the beginning of the video, he says not to wait to get into the market. But, at the end of the video, he says to hold in cash.. Anyone else notice that sometimes these channels give contrary advice just so that they can say, not matter which outcome, that they weren't wrong? (Normally I find these videos incredibly educational, I just have some pet peeves with how information and opinions are presented.)
It also depends on your investment vehicle. If you’re using your 401(k), you probably can’t pick individual companies. So you need to just be in the market and use the 3 arrows he describes in his book “Rule 1.” Outside your 401(k), stay in cash until you find a wonderful company at a wonderful price.
I'm pretty sure he is referring to contributing towards your retirement, putting money aside for investment. If you have no great ideas, it sits in cash.
Phil I like your videos but they are too general info. Hope you do some simple calculations helping us choosing companies. You can choose random companies and make videos evaluating them. One more advice, hope you stay focused and direct to the point in your podcasts as mostly it is 40 min but the important stuff can be said in 10 min. I still like listening to you but lets be time efficient :)
Your comment at the 4.45 point of the video is a lie! Since January of 2018 the stock market (Stock stock market ETF (VTI) has gone up 23.86%. How did you get the 3% figure?
Mary I was wondering the same thing. My 401K is invested primarily in index funds for now but I saw returns closer to 20%, certainly not 3% since Jan 2018.
"Get the wash tub ready!!! There's a crash coming, you're not gonna want to miss this opportunity!!" "Get started with investing NOW, or you're never going to be able to retire" Imagine trying to follow your advice, Phil lol
It actually makes complete sense - 'investing' doesn't mean just trading. It means study, learn, observe, practice, read, paper trade. Sharpen the sword so WHEN you're ready to swing, you have it's razor sharp and you know how to use it.
Hello Aziz! It's important to do your research on what your best choices could be when it comes to your retirement. What is the difference between index funds and mutual funds? Find out here: bit.ly/2U2NF1N
If you can purchase them with a margin of safety, this is a good strategy. If you purchase them at any other time, you could be in for trouble if you need to sell during a crash.
Look at when Warren Buffett bought his Coca-Cola stock the average price was around $2 and look what he gets in dividends. The second strategy to buy good dividend stocks on sale wait for the price to increase sell enough of the shares to recoup your initial investment then let the rest collect dividends for you. Look at the Rockefeller family.
Keep a clear head when everyone is losing theirs either by greed or fear. The current market is extremely overbought and we will most likely see a big correction in the next few weeks, so you better prepare!
I've started investing little bit late, you now, lack of info, understanding, knowledge among other things, but I'm in the best moment of my career at age 37, and I'm saving more than 70% of my monthly salary and investing it since 2018, got stocks, some REITs and other things more, and after almost 3 years, it begin paying off, I'm almost paying my rent with the dividends, but luck of me, I can re-investing the all dividends, so its like a snow ball in a good way, every month got little more dividends and doesn't matter if it's a crise or not, it still growing up, I'm pretty sure it's all about mindset, lot of reading, and focus in passive income, remember capital doesn't pays bill, passive income does, btw, I'm from Brazil, so most of my investing is here, but I do have some Stocks and REITs in USA, just keeping some value in dollar once is more valuable than our national currency. Great video as usual, congrats =D @PhilTownRule1Investing
The evidence is clear that trying to time the market is a bad idea. That is what holding cash while waiting for a downturn is. The evidence indicates total time in the market creates the highest return. If you have money to invest then invest it.
You start at the A's. Company by company, you pass quickly, until you find a reason not to pass and you put another 15 minutes in looking for a reason to not invest, reapeat... Eventually something will jump off the page at you and you put the checklist to work. Actually I believe Warren told Mohnish all the best stuff is always at the back of the book, so maybe start at the Z's. Every quarter put your unpaid analysts to work (13Fs). If you are having trouble, join the party. You are in good company.
Very nice content! Thanks Phil! I have one question. Warren Buffet said that in ten years bank stocks are getting much more expansive. He didn’t explain it that much. Why do you think this is going to happen? It would be interesting to hear your opinion on TH-cam or on the InvestEd podcast. Greetings from Italy! 🇮🇹
@@manatee1999 So they would go up in price not in value. I'm looking for an answer from a value investing perspective... I was thinking that maybe higher interest rates will bring more money in banks' pockets... but at the same time banks with many branches are still paying a lot of money to keep employees and buildings that they don't really need, this is a minus... so if the economy gets sqeezed by interest rates and inflation goes up, I would expect a strong increase in value from "digital banks" offering good online loans and online services in general... but I wouldn't expect the whole banking industry to outperform... also because people hate banks, and there are good chances that technology will revolutionize the sector in the near future. Anyone sharing thoughts about this?
Save as much of your annual income as you possibly can toward retirement. Make sure you have enough money for at least 30 years of retirement. Diversify your investment mix so you can address inflation and longevity over the course of your retirement.
I do not pay any interest on my high interest card because I pay on time. Low interest credit cards do not give any perks. I just pay in time and get my money back.4 % on gas and groceries. 1 % on everything else. And no annual fee because I have some balance in my checking account with the same bank. And there are more free things included, for which normally people pay. You need to go to a big bank and talk about this new type of accounts, quite a few big banks started doing this. So, it is like 6 % of investing ( with calculations in my particular case), and besides everybody needs money for emergency anyway, sitting in a liquid account. It sounds that your ideas about credit cards, mutual funds and banking is outdated.
I have money in my brokerages. As soon as the Stock Market Crashes I will not sell, I will buy some good ETFs. I plan on buying more VOO shares. I don't fear the Stock Market, I love it no matter how my shares do. I'm ready for the Extreme Bear Market.
@@krissz22 Then I'll still be happy, because all of the things that I invested in will continue to go up. Bull Market, Bear Market. I will be happy with both. Being negative always makes my head hurt.
I feel the same way about staying out of the market at this time for the long term. However, right now, I am employing a dividend capture strategy just about every day of the week with companies that have a market cap of over $5 billion and pay a dividend of at least 3% annually. Ive been doing it for 2 months now. I do it in both my Roth ira and my after tax brokerage account. Ive been investing for call it 3 years now. I also backed out of the market in the beginning of october of 2018 and missed the 20% correction from then to december. Interest rates were on the rise at the time which was my reasoning for getting out. I am someone who has high pain tolerance and doesnt mind taking a hit on a stock for a day or 2 a week when I employ the strategy. What is your opinion on a strategy like this for a person like me? I feel, as a small investor, I'm taking advantage of my nimbleness, and for most of the time i am in cash, as I buy near the end of the day and sell after an hour or two of market open the next day. And being in cash most of the time allows me to wait for a "storm". Anyone that can weigh on this would be greatly appreciated.
Have you been practicing any of these bad investment habits? Leave a comment below!
Download my guide to learn how to investing in the right business at the right price - every time >> bit.ly/30SeiHS
Following the mob...... shut up! lol
Follow the mob! Additionally regret putting off my retirements in 20s. Is not too late starting that retirement strategies in my 30s now. Cheers Phil!
Summarize your videos in the description ffs
Phil Town's Rule #1 Investing I wish you were my mentor.
I’m new to investing and I started your podcast from the very first one and I plan to listen to each and everyone of them.
You’re the best
Great one for the history books? Lil did you know, Phil. Covid-19 said to you then, hold my drink lol
This year’s definitely going in the history books lol
I'm 18, and I'm fortunate enough to have parents that saved up about $10k for me, that and the $5K I've saved up myself is gonna give me a hell of a headstart. Yes, I'm thinking about retirement/first home. A lot of people in Sweden where I live calls me crazy for thinking about retirement at 18 when we have a public pension program for everyone, except that program is falling apart same as the rest of our welfare. if I put all my trust in the state then I'll never retire.
Nik Erlandsson i am from austria and in the exact situation
Hello fellow Europeans! A Dutch person here and I feel exactly the same... maybe there is still a good future for Europe 😜
Talking from Slovenia, and Im with you. Retirees in Slovenia are in trouble and they dont even know that. E.U. is in trouble because people cant think longterm.
UK here, that's great to start so early
not to mention that this investing market is really interesting and fun to grind.
"2020.. who knows what will happen with all of that?"
now we know -_-
I have learned so much in the past 3 years. Never FOMO into a market. wait until it comes down and buy. And the second thing I learned is if you reach your target, then get out.
Phil, I just wanted to say, I am about 2/3rds of the way through your Rule 1 Investing book. I have read about 15 investment books in the last 2 years and yours, is by far, the best one. You explain everything so well and give unbelievable strategies. I wish that I had found this book during the 2008 recession. Thank you for all you do and all your great info.
Yes. Rule #1 is an excellent book. I also recommend the book his daughter, Danielle Town, wrote with him, "Invested." It has some updated information and explains some of the concepts even more clearly than in Rule #1.
@@JaesWOverley Bought the other two and will read them after I'm done with this one.
@@rr8253 You won't be disappointed. All three are good books to read. Depending on your knowledge of investing, Rule #1 may make even more sense once you read Invested.
Does it only apply to us stocks?
no need 2008 u will be rich 2028
That intro usually means that I'm about to learn something useful.
I just graduated college last May and I am contributing to my 401K and get investment fund. Even though the contributions are lower in comparison to my overall income, my focus is debt payoff. While in undergrad I accumulated a large amount of credit card debt (which will be paid off this year) and student loan debt. So, while I am in my 20’s my overall large investment is the elimination of this costly debt and building up a comfortable safety net.
Now's the time to buy in low!! Phil was right!
You sir are extremely thorough and sincere. Your consideration is apparent and appreciated, thank you for your knowledge.
Thank you for the note, Jacob!
Phil, I have been listening to you for a lot of years and for some reason the idea of just reading and it will help your investing never stuck but makes a lot of sense. I heard you say it over and over but I was hearing something different which was that we should read about the stocks and market in which we want to invest, not just to read what we like and it will help us in investing in what we like and know. Thanks for what you do.
Guys if you have yet to attend one of Phils seminars, take a weekend and do it. You will learn more in 3 days about planning for a financial future than you have in your entire life, I guarantee it. We flew from Australia just to attend his workshop and it is to date the best decision Kristie and I have ever made. It fun, entertaining and delivered so you will understand it. I can't thanks the rule 1 team enough.
"Stop following the mob in and out of the market" - So hard to do but so important to be buying companies at the right price and holding for the long term!! Great video Phil!!
Yeah, you want to be buying when you feel like selling and vice versa
“Could be a crazy year 🙄🤣”
I love watching this video now... in June 2020... I was then getting ready... not knowing for what... but it was worth it... love your videos. Thank you.
He looks like a genius now. So many companies on sale..
This video is perfectly timed... right before the corona!
Great video. I'm entrenched in Rule1 investing and its good to hear and be reminded of the big picture while learning the devils in the details. I also work in the debt settlement industry and see the damage credit card interest rates does on so many families. It is literally never ending the amount of consumers who have 20k+ in credit card debt.
Yes I have been practicing 2 of them!!! So my commitment is to radically transform that! Thank you Phil for your passion!!!
You are a wonderful teacher and phenomenal human being. Thanks for helping us build a future.
Buying the "frontrunners" at the moment is just to tempting ... made some "fast cash profits" 10, 15, sometimes even 20% in a matter of weeks ... BUT it's not gonna last forever and it's like playing withe the fire, one will get burned sooner or later ... so a big thanks to guys like you Phil to put the mirror in front of us to help us realize how money should be invested ...
I fully agree with the get rid of debt; I learnt the hard way as a young person... Got sold on getting a credit card to buy a laptop, listened to the sales man tell me this is all I have to pay a month; $2000 laptop and this is how much you have to pay a month... Sounds good right... After 2 years I noticed I was still paying for the laptop, looked into it and I was only paying the interest off each month I had only paid off $200 in 2 years off the principal... Never had another credit card for the past 15 years.
Looking back to this video from January 2020 now that it is March 2020, you were ridiculously correct. If folks weren't/aren't ready to buy this year, they are sincerely missing out so far.
Two years ago, I was doing to long and slow with vanguard ETFs and I got 13% on one and 16% on the other. This last year, I threw pocket change at Vanguard Reit, and got 30% ... I wish I went all in. ETFs are looked at like an index fund from what little I know.
Love the channel.
Thanks for the great advice Mr. Towns.
You're welcome!
I asked you a question on another video but this video answered it. Thanks!
During these market turmoil time, it would be nice to have your excellent insights on market conditions and anticipation. I love your guidance into financial freedom.
Thanks Casper! Find me on Facebook - I've been trying to go live more to talk about the current events going on 👍
Im 36 and just starting investing, thank you for all this helpful videos
How much cash should we keep and how mch stock should we have? Is there any rate about it? Or we should hold it cash as much as we can??
I used to follow the mob in and out of the market, but since i went to Rule #1 workshop in Atlanta, i started to think with my own brain. Thanks Mr. Phil!
Thinking for your self is the best strategy and not following the herd. Wall Street comes out with products to benefit themselves and not you.
"And we're hardly experiencing inflation at all"
Me: *laughs having llved through 2020 and first half of 2021*
I love your guidance, hope to see you this May.
All bad habits are gone. I am more than ready to learn how to be a great investor. Knowledge is power. #MambaMentality!
My bucket is ready.
Investing is the key to financial success, the rich invest in assets while the poor invest in liabilities. I rather invest and have my money work for me rather than just save and have it sitting there.
Investing is quite good but most people don't know what to invest in or how to go about it, any help would be appreciated.
Most people want to invest but just find it difficult to pick out the right thing to invest in, some investments go bad and that's where the problem is, I'm interested in investing only if i could pick the right assets to invest in.
I support the motion of investing, i'm a salary earner but i do trade stocks during my free-time and i ain't bluffing but i make an average $250 in a week and about 500-700 in a very good week. Investing helps.
agreed
We DID have a 20% correction. It was from Oct to Dec 2018. It just touched a 20% decline by the end of December and then went all the way up until Trump's trade tweets in May 2019.
That's good insight. I bought a huge position in Shopify in December 2018. :) We just need another crash....not a correction. A crash. I'm getting my buckets ready.
Thank you very much, Mr Town!
My steps going to be:
- Learn more about invest.
- Make a watchlist.
- Trade the bear market (yes trading every week).
- Put my money in my stocks watchlist when they are at a discount point.
- Enjoy life.
but not trade, buy it keep it :)
@ No, you need to take profits. Then repeat the process when you find another good company on sale.
Great advices phill, thanks
Watching this 4/7/20, you were right on!
It's gonna be a great year for the history books. No kidding Phil! :)
Thanks for sharing your knowledge. I have learned a lot from your videos.
My number 1 bad habit was not starting sooner!
Love your videos, thanks Phil.
This is however confusing times. If you stopped investing a few years ago when Warren said an economic disaster is coming, you will have lost out on all the profit that the stock market has returned. Perhaps a balance of 50% stocks and 50% cash is a better approach as an example. I’m always hearing, ‘Time in the Market is Better Than Timing the Market.’
Being invested in deeply undervalued companies is always better than cash. You do have to have a hurdle though. Mine is I want at least a 2X within 3 years before putting money to work. As your cash goes down, your hurdle goes up. That keeps cash for very depressed times.
Cash is king in a down market Warren Buffett had rescued a couple big businesses in 08 because he had so much cash he can weather the storm that other people could not he does not overpay for a business and he waits for the opportunity it is hard for people to sit on their hands and wait for the opportunity.
God bless your soul phil, one love.
Very sound advice, common sense approach that works every time!
Unpredictable events 2020 is going to be a crazy year
Understatement of the century
Thank goodness I live in England where we don't have to worry about health care costs. We pay our National Insurance and it's all free, apart from a small amount for prescriptions.
Do you have a waiting time for a surgery?
Spot on Phil--great advice--not much for sale--just keep adding to savings for now. Thom Rademacher
Wow, 9:50 was a spot-on prediction, all the speculators boarding the hype train, just like in late 2007, and then saw their investments fall 30-40% since February
Thank you very much. I have learned a lot from you during the past few years by following your channel. However, it wouldn’t be easy for an investor to stay out of the market and wait for a crash. Would it be easier to stay invested in great businesses and not try to time the market? (I listened to your other videos related to your market exit when it was overvalued)
One of the only people on TH-cam who has been preparing us for a recession ! Thank you Sir ! #rule1investing
Question 1
How do you get lots of cash without borrowing money? (Do you just have as much of your pay check)
Q2
Are we meant to wait maybe till end of the year before assessing the market and into apple Microsoft Amazon?
Hey Phil,
in Saudi, by law the government take 10% of my salary for my retirement so that is set.
I stoped paying the minimum on my CC and now i pay them in full each month
After years of loosing money in the stock market, am now doing everything you said about stocks and my portfolio is growing slowly but I learned now to be patient and am sure i will achieve my goals.
thanks a lot for mentoring me.
What is cc?
Is the Tesla heavier on a full charge?
Hmmm kinda disagree about ETFS not that I invested all my money in them I hold about 30% of my portfolio In the S&P 500 and history shows have been very reliable
I was pulling out daily and putting back in
great tempo speech Phil and with content. great video great manly face :)
I don’t want to just ask which ones to choose but should I follow the ones that people like warren choose? Bank of America etc..???? Thank you the only thing I’m worried about is all these company’s on sale and me not knowing what too choose?
I like and agree with your style of investing. Find normally well producing, great companies/corporations and snap them when they go "on sale." With the credit card thing, I've paid off my credit cards every month for decades now. I'm going to switch card companies because there are other credit cards that offer better rewards than what I'm getting. (I'm looking at cash back cards) I'm STILL going to pay my cards off LONG before the due date, but with the cash back, essentially, the credit card company will pay me to use their cards. Which is, I think a pretty sweet deal.
thanks Phil your videos are eye opening and inspiring where do you go to learn from the best investers
About credit cards is not true either. Most of them have 21 day NO INTEREST period , so if you pay in time, you get cash back(or other perks, but you pay ZERO interest. Just because a knife is sharp , it does not mean that we can not use it. We just need to learn how to do it safely. I feel that I want to make video on that (although my channel about recipes)
Thank you Phil for this great informative video.
Soo at the beginning of the video, he says not to wait to get into the market. But, at the end of the video, he says to hold in cash.. Anyone else notice that sometimes these channels give contrary advice just so that they can say, not matter which outcome, that they weren't wrong? (Normally I find these videos incredibly educational, I just have some pet peeves with how information and opinions are presented.)
You should get in the market, but still keep some cash reserves.
It also depends on your investment vehicle. If you’re using your 401(k), you probably can’t pick individual companies. So you need to just be in the market and use the 3 arrows he describes in his book “Rule 1.” Outside your 401(k), stay in cash until you find a wonderful company at a wonderful price.
I'm pretty sure he is referring to contributing towards your retirement, putting money aside for investment. If you have no great ideas, it sits in cash.
Phil I like your videos but they are too general info. Hope you do some simple calculations helping us choosing companies. You can choose random companies and make videos evaluating them. One more advice, hope you stay focused and direct to the point in your podcasts as mostly it is 40 min but the important stuff can be said in 10 min. I still like listening to you but lets be time efficient :)
Find out from my channel. I am creating a vlog dictionary of the stock market hope it helps. 😊
I really need to get out of consumer and student loan debt.
Your comment at the 4.45 point of the video is a lie! Since January of 2018 the stock market (Stock stock market ETF (VTI) has gone up 23.86%. How did you get the 3% figure?
Mary I was wondering the same thing. My 401K is invested primarily in index funds for now but I saw returns closer to 20%, certainly not 3% since Jan 2018.
Great stuff Phil 👍
Youre the man thanks for the video!! Really appreciate #3
"Get the wash tub ready!!! There's a crash coming, you're not gonna want to miss this opportunity!!"
"Get started with investing NOW, or you're never going to be able to retire"
Imagine trying to follow your advice, Phil lol
It actually makes complete sense - 'investing' doesn't mean just trading. It means study, learn, observe, practice, read, paper trade. Sharpen the sword so WHEN you're ready to swing, you have it's razor sharp and you know how to use it.
where should I keep the cash? a bank account? index funds?
Hello Aziz! It's important to do your research on what your best choices could be when it comes to your retirement. What is the difference between index funds and mutual funds? Find out here: bit.ly/2U2NF1N
Thank you Phil!
I loved the rant at the end of the video - wise financial advise right there
1:24 you sound like Hopsin in 'Ill mind of hopsin 5' ;)
Yea boiii
Get growth stocks that also pay dividends and if its monthly even better. Hold.
If you can purchase them with a margin of safety, this is a good strategy. If you purchase them at any other time, you could be in for trouble if you need to sell during a crash.
Look at when Warren Buffett bought his Coca-Cola stock the average price was around $2 and look what he gets in dividends. The second strategy to buy good dividend stocks on sale wait for the price to increase sell enough of the shares to recoup your initial investment then let the rest collect dividends for you. Look at the Rockefeller family.
Keep a clear head when everyone is losing theirs either by greed or fear. The current market is extremely overbought and we will most likely see a big correction in the next few weeks, so you better prepare!
Oooooh - I wish that I saw this before march 2020 :)
Thank you Uncle Phil #Rule1Family #HumanityFirst
I've started investing little bit late, you now, lack of info, understanding, knowledge among other things, but I'm in the best moment of my career at age 37, and I'm saving more than 70% of my monthly salary and investing it since 2018, got stocks, some REITs and other things more, and after almost 3 years, it begin paying off, I'm almost paying my rent with the dividends, but luck of me, I can re-investing the all dividends, so its like a snow ball in a good way, every month got little more dividends and doesn't matter if it's a crise or not, it still growing up, I'm pretty sure it's all about mindset, lot of reading, and focus in passive income, remember capital doesn't pays bill, passive income does, btw, I'm from Brazil, so most of my investing is here, but I do have some Stocks and REITs in USA, just keeping some value in dollar once is more valuable than our national currency.
Great video as usual, congrats =D @PhilTownRule1Investing
The evidence is clear that trying to time the market is a bad idea. That is what holding cash while waiting for a downturn is. The evidence indicates total time in the market creates the highest return. If you have money to invest then invest it.
It's insane how well this video aged!
All great tips
How do you find good companies with a decent MOS? Everything I look at is too expensive.
You start at the A's. Company by company, you pass quickly, until you find a reason not to pass and you put another 15 minutes in looking for a reason to not invest, reapeat... Eventually something will jump off the page at you and you put the checklist to work.
Actually I believe Warren told Mohnish all the best stuff is always at the back of the book, so maybe start at the Z's.
Every quarter put your unpaid analysts to work (13Fs).
If you are having trouble, join the party. You are in good company.
If you have a investment company you can screen out company's that way.
Isn't it really dangerous to pick individual stocks? I thought Warren Buffett said the best way to grow your money is putting it in index funds
Only if you don't know how to research great companies!
Hello dad Phil pls define wonderful business fully I understand how to buy it on sale ..........................
Love you Phil
My TERRIBLE habit is........I'm So So So bloody impatient!!!
Thank you!
Very nice content! Thanks Phil!
I have one question.
Warren Buffet said that in ten years bank stocks are getting much more expansive. He didn’t explain it that much. Why do you think this is going to happen? It would be interesting to hear your opinion on TH-cam or on the InvestEd podcast.
Greetings from Italy! 🇮🇹
Because the money is going to worth less.
@@manatee1999 So they would go up in price not in value. I'm looking for an answer from a value investing perspective... I was thinking that maybe higher interest rates will bring more money in banks' pockets... but at the same time banks with many branches are still paying a lot of money to keep employees and buildings that they don't really need, this is a minus... so if the economy gets sqeezed by interest rates and inflation goes up, I would expect a strong increase in value from "digital banks" offering good online loans and online services in general... but I wouldn't expect the whole banking industry to outperform... also because people hate banks, and there are good chances that technology will revolutionize the sector in the near future. Anyone sharing thoughts about this?
@@marcodanieletto7222 I think the banks will adapt to the new trend or they will die.
Manatee ok, then probably Warren Buffet said so mainly because his positions are 30-40% in banks!! 😂
Thanks for sharing your opinion
Are you buying gold miners like warren buffet
Journalling. always on the run
Save as much of your annual income as you possibly can toward retirement.
Make sure you have enough money for at least 30 years of retirement.
Diversify your investment mix so you can address inflation and longevity over the course of your retirement.
I do not pay any interest on my high interest card because I pay on time. Low interest credit cards do not give any perks. I just pay in time and get my money back.4 % on gas and groceries. 1 % on everything else. And no annual fee because I have some balance in my checking account with the same bank. And there are more free things included, for which normally people pay. You need to go to a big bank and talk about this new type of accounts, quite a few big banks started doing this. So, it is like 6 % of investing ( with calculations in my particular case), and besides everybody needs money for emergency anyway, sitting in a liquid account. It sounds that your ideas about credit cards, mutual funds and banking is outdated.
I have money in my brokerages. As soon as the Stock Market Crashes I will not sell, I will buy some good ETFs. I plan on buying more VOO shares. I don't fear the Stock Market, I love it no matter how my shares do. I'm ready for the Extreme Bear Market.
What if the bear market never comes?
@@krissz22 Then I'll still be happy, because all of the things that I invested in will continue to go up. Bull Market, Bear Market. I will be happy with both. Being negative always makes my head hurt.
@@sr4triple7s well in that case well done my friend!!
awesome video!
*Plan your way to get out of bad debt, save for emergencies, and invest for your futute.* 👍
it is 2022.... and it is true. Cash is king.
*focusing on price instead of value!*
@@maximus2751 I like it😁
1 million dollars is more than enough in the Philippines. I couldn't imagine how life would be in the US.
Preach
I feel the same way about staying out of the market at this time for the long term. However, right now, I am employing a dividend capture strategy just about every day of the week with companies that have a market cap of over $5 billion and pay a dividend of at least 3% annually. Ive been doing it for 2 months now. I do it in both my Roth ira and my after tax brokerage account. Ive been investing for call it 3 years now. I also backed out of the market in the beginning of october of 2018 and missed the 20% correction from then to december. Interest rates were on the rise at the time which was my reasoning for getting out. I am someone who has high pain tolerance and doesnt mind taking a hit on a stock for a day or 2 a week when I employ the strategy. What is your opinion on a strategy like this for a person like me? I feel, as a small investor, I'm taking advantage of my nimbleness, and for most of the time i am in cash, as I buy near the end of the day and sell after an hour or two of market open the next day. And being in cash most of the time allows me to wait for a "storm". Anyone that can weigh on this would be greatly appreciated.