In this video I tell you what the 5 biggest mistakes I’ve made when it comes to stocks, to help you learn from my missteps as well as to show you that everyone makes mistakes if they invest for long enough, and that you gotta just keep investing rather than quit or worry about it. Follow @BigTimeBentley “The Real Reason I Moved to Vietnam 7 Years Ago”, th-cam.com/video/bu8ppUTE_PA/w-d-xo.html JOIN my channel membership to access new perks ➡ th-cam.com/channels/uOS-UH_s4KGhArN6HdRB0Q.htmljoin Use my FAST Graphs Link and coupon code AFFILIATE25 to get 25% off your 1st payment for new signups ➡ fastgraphs.com/?ref=GenExDividendInvestor My Seeking Alpha Affiliate Link (benefits change overtime) ➡ www.sahg6dtr.com/2352ZCK/R74QP/ Subscribe ➡ th-cam.com/users/GenExDividendInvestor Share this Video ➡ th-cam.com/video/BxxQLXU0xa0/w-d-xo.html Watch this Video next ➡ th-cam.com/video/F-nKgqu9NV0/w-d-xo.html ➡ DIVIDEND DISCORD: discord.gg/kkSr5FY ➡ TWITTER/X: twitter.com/GenExDividend ➡ INSTAGRAM: instagram.com/genexdividendinvestor/ ➡ PATREON: www.patreon.com/join/genexdividendinvestor ➡ SOUNDCLOUD PODCAST: soundcloud.com/genexdividendinvestor ➡ ITUNES PODCAST: podcasts.apple.com/us/podcast/genexdividendinvestor-podcasts/id1476933524 ➡ DIVIDEND MERCH (10% donated to St Jude): teespring.com/stores/genexdividendinvestor ➡ REDDIT: www.reddit.com/user/GenXDividendInvestor Donate to St. Jude’s Children Hospital: www.stjude.org/donate/donate-to-st-jude.html?sc_icid=header-btn-donate-now Please use my Amazon Affiliates Link before shopping on Amazon ➜ amzn.to/2YLxsiW (as an Amazon Associate I earn from qualifying purchases). Timestamps: 0:00 Intro 0:26 Inspirational quote 1:38 Story about my relative 2:49 Mistake (NVDA) 3:19 How GPU’s are the new Oil 5:24 Lesson 5:53 Mistake (AAPL) & some info about me 7:16 Lesson 8:34 Mistake (DIS) 11:20 Lesson 11:38 Mistake(s) 12:26 Lessons 12:37 Lesson 13:00 Mistake 13:18 Lesson 13:48 Lesson 14:17 Other mistakes… 14:31 Lesson 14:44 Lesson 14:57 Stress thoughts 15:29 Lesson 15:40 Story about a down-on-his-luck guy who turned things around (@BigTimeBentley) 16:44 Lesson 16:50 Lesson 17:12 Lesson 17:17 Lesson 17:29 Lesson 17:41 Lesson 17:49 Shoutout 17:55 FASTgraphs affiliate link & coupon code (in video description) 18:05 Seeking Alpha affiliate link 18:09 Other pitches 18:30 Outro Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
My life changed dramatically when I moved to the Philippines eighteen years ago. I got married to a great lady a young one at that. I’m saving 65% of my income. I travel Asia. Im grateful for leaving the US and having a new home here.
My wife told me to buy FB when it IPOed. I didn’t do it because I didn’t think people would pay to use FB once the free model ended. Didn’t realize potential of advertising. I’ve missed some other great companies, but that’s the worst because my wife reminds me regularly. 😆
Haha, ya I remember talking to my brother in law about google the day it ipo'd, but I thought it was too expensive.. I probably shoulda mentioned that as a mistake, too ;)
I own NVDA. Wish I still had all my shares. My cost basis on the original shares is $0.05. Most of my mistakes revolve around selling. At least I learn from them, but sometimes education is expensive.😂
My biggest investing mistake was not getting started sooner (I know, said everyone ever). I was 28 years old before I starting making reasonably good decisions in life. I'm dedicating the rest of my 'career' to making sure others don't make the same mistakes I did. Your channel is helping so many people. I love how you have a lane that you stick to that works well for you no matter what crazy hype is blowing up in the world. I hope you keep it rolling for years to come! I never used to comment on videos, but it's time to do more than smashing that like button (: I know I have said it before, and this is genuinely not self promotion in any way, but you were a major factor in my starting my channel here. Unlike the 'huge' channels that promote a bunch of garbage. I want to help the every day investor reach THEIR VERSION of financial freedom. You like dividends, I like balance, some like growth. Pick a system, stay the course, and feed the machine!
Same. When I look at some of my early trades 6 years ago when I started I'd probably be able to retire had I held everything. I could image where I'd be had I started 15 years ago.
Playing those early SSI games (pool of radiance, curse of the azure bonds etc) from the late 80s and early 90s was some of the best times of my life haha
Selling chipotle when it went from about $400 to about $550 instead of just holding it. But the story about rats running through a store after all the people getting sick finally pushed me out of it even though it had no debt and was still growing.
FOMO and GREED are the 2 biggest mistakes an investor can make. Also, take some profits if you 've made a bunch off a high flyer but stay invested if you believe in the company fundamentals and outlook.
In 2022 I purchased 8 shares of NVDA and then sold out because one of my friends told me a story about how their chips are not in demand anymore. I sold my position which was around 144 a share. I missed about a 1000% gain on those shares. Even after that I had another opportunity to buy NVDA at 106 a share but didn’t bite because I thought it would keep going lower. I mean their earning still looked very expensive too at the time. So anyways I made a big mistake with not buying and holding NVDA. I did buy META however and I made a good gain on that stock because I felt I had understood the business on META more than NVDA at the time. This time my dad tried talking me out of META at 95 a share and I told him that they just had a spending problem which could be solved easily. I think the important lesson I learned was to research the business before I buy into the stock because it will give me a certain level of confidence behind my investment. So when someone tells me it looks bad over there for that stock I can have certainty that I know the company will be fine. This sounds like a confession but maybe someone can learn something from my mistakes
Just something to think about with NVDA that no one is talking about- the primary manufacturer for all the chips in Nvidias products are made in Taiwan (TSMC) . The same Taiwan that is currently surrounded by the PLA conducting "war exercises" that are getting larger and larger... until it is not an exercise anymore. Just about every plant there has a kill switch which would disable and destroy all the critical machines so the Chinese will not be able to use them ever. How NVDA is still a strong stock with that out in the open is beyond me but many are saying if this invasion does happen it will be on our election year and soon as typhoon season has started or near. Think I will pass on that one till that little hotspot goes away.
Ah, the Commodore 64. My Brother in law had one and I always loved playing Bagman. That was such a cool game. I got so invested in it that I went to the 3rd board to pick up a bag of gold and brought it back to the first board to put it in my wheelbarrow. Cool game. Apple I inherited from my dad and bought more when the stock split. I have nice Capital appreciation in it. My kids had Disney and sold it. After the pandemic their stock price dropped, they suspended their dividend. We just thought it would take years to come back. They all bought Nvidia and never looked back. My biggest mistake was seeing Nvidia go up 3k in my acct only to drop to a negative 2K. It got back up to about 2.5k and sold it to take the profit. Should have only sold half. Now, I have since bought it back and lost all that Capital appreciation. But I’ve learned you can never look back. As Jim Mora once said (head coach of the Saints) Coulda Woulda Shoulda. You have to look forward.
Bagman.. haha th-cam.com/video/y8zQwTBDuLU/w-d-xo.html Cool you inherited some stock -- I'm happy that I'll be able to do that for my kids. Ya, ruminating on the past usually isn't too productive.
I own NVDA indirectly in by retirement account. I started investing almost 5 years ago, and something I've always appreciated is that there's about 20 years of history and experiences and mistakes made by others who came before me. So I feel like I've already learned from those experiences and mistakes without having to make them myself.
I’ve owned Intel since 2019 haven’t sold any shares, collecting dividends while Pat and his management team work on the foundry business and release Intel 20A and Intel 18A chips. Down around 18% but had an opportunity to sell when it hit $51 a share but long term i believe in them so holding position.
Don’t kick yourself on the 50k private investment. It’s a good learning experience and if both you and your wife thought it was worth it, it was. Just didn’t work out. When they work the payoff is good.
The mistakes that really hurt you are when you decide to go "all in", and a close second is the "all out." Nobody can know the future well enough to make those decisions accurately, but people do get lucky now and then and start to think they are a stock genius. I find the key is to keep telling myself, "I don't know" and ask myself, "what if you are wrong?" Then I make small moves that I think are correct, and sometimes they are. When I make a mistake, I try to figure out why I made that mistake, or "what did I do wrong?" Then try in the future not to repeat that same mistake. There are plenty of ways to make mistakes, I don't need to repeat any of them!
Had my CAD/USD margin accounts up to 400K over 2020-2022 on questionable BTC miners, small caps and Psychedelic startups. Got greedy. Eventually lost 75% of portfolio and sold out. Didn’t really lose money, didn’t really make money. Greed got me. My retirement account has always been dividends and blue chips thankfully. Now, it’s all ETF and dividend payers. Aside from that, in College when Google IPO’d, my Computer Science Prof did a 20 minute talk on why he was buying it on IPO day. I’ll never forget that day and talk. 😂
I FOMO into NVDA a bit before the split. I figure, better late than never because I kept thinking it’s too late for Tesla or the other mag 7 which I also missed out on. It’s a hard lesson. You shouldn’t follow the herd, but at least be one of the early ones! Other mistakes are selling. Just don’t sell! Problem solved.
Losing 10k in Walgreens when they cut their dividend is nothing compared to the 500k in real-estate losses during the financial crisis in lost value and months upon months of unrented properties. All sold in the run-up and last one gone in the real-estate boom of 2021. I love my dividend portfolio and retired at 54.
Honestly most of my mistakes were selling too early. I’ve had plenty of 3,4,5k losses from price drops but the ones I remember most are the 10,20,30k I’ve missed out on from selling out too soon.
If you haven't lost money investing, then you haven't been investing long enough. Lol. My worst mistake in recent memory was $BABA with a cost basis of $145, but at least they initiated a dividend. $T is a close second with a post-spinoff basis of $21 so still doen 12%. At this point, I may never sell if just to remind myself to never chase yield lol
Yea baba is a tough one because it seems like it'll never go back up. My cost basis is much closer to the current price but I really do think that company is a cash cow that's going to rocket to the moon as soon as investors catch up with it.
As a tech person as well, I have owned many tech stocks over the years. NVDA, AMD, PLTR, and AMZN are some current holdings. Some oldies were Sun Micro, Compaq, Nokia, and JDSU, the old guard. LOL
Thank you for always sharing your learnings and wisdom with us, GenEx. My biggest mistake is that I didn’t start investing sooner. I am righting the ship on that now. Take care and have a great week.
You're welcome and thanks for sharing, Jack :) Ya I think that everyone who invests says they wished they had started sooner... but at least you started!
Thanks for sharing some important lessons! Every time I thought about buying some Apple stock, I thought it was overpriced and waited. Good companies are almost always expensive.
I do own nvdia i missed it a couple years ago when it was about 200 or a bit under 200$ a share before the split. When i looked at the numbers (fundamentals etc) they told me it was a good comapny and being a gamer myself i understood nvidia in and out through gaming lol. Anyway long story short i planned to buy 1000 shares at the time but because it didnt pay a dividend 😂😢😅 and thats about the time i just started investing and i was a "DIVIDEND INVESTOR " lol i passed on the company. Then i watched the stock price do what it did in which honestly i really thought it would explode. But my mindset was never to have to sell any stocks. Anyway after the explosion and i heard about the stock split i bought in after and changed my title from dividend investor to "income investor". I still dont plan to ever sell any of my positions but i wont miss out on income that couldve been made from the lack of knowledge well tunnel vision. I mean come on 1000 shares at 1200$ a share would have been a good return and help with alot of things and more for investimg lol
Ahh that is an ouchy... another one of my bad ones was almost buying Google on the day it ipo'd (and actually talking to my brother in law about it that day), but feeling it was too expensive... but I eventually bought some.
I own some NVDA shares, cost basis of $19. Wish I had bought more in the past, held off buying more when the Arm deal was falling through. Another reason to just keep DCA'ing in regardless!
I own VOO and a couple other large cap growth ETFs that own big tech. i am retired now so i am more interested in dividends rather than pure growth. Disney basically had a bad choice in CEO with Iger who is awful and ran four great franchises into the ground over 10 plus years (ESPN, Marvel, Star Wars and Indiana Jones).
@@GenExDividendInvestor Treasuries (none more than 6 months in duration just rolling the ladder over) 65%, SCHD @ 8% , VOO @ 6%. I've been building a portfolio of REITS when they bottomed out last fall (starting with O bought at like 46 or 48 bucks and now own VICI, MAA, ARE and ADC) and are about 3.5% in total. I am looking to add perhaps 2 to 4 more with at least one of them an industrial REIT). I also want to have my own dividend stock fund of perhaps a total of 30 to 40 stocks including the REITS. A manageable amount to track. Market is dangerous right now at near all time highs and capital preservation for me is most important at 72 and retired. i'm about 30% equities (mainly large cap value dividend ETFs) but ideally i think i want to be 40 to 50% range. (i was about 80% equities when i retired 2 years ago). I am just reworking everything for a retirement portfolio.
I recently sold a portion of my company stock so I can use that money as a down payment towards a place to live but I’m planning on selling more and diversifying into ETFs because I have way too much in my company I work for
I sold some of my stock to raise cash on the down payment of my first house, but after that I used the sale of one house to get the downpayment for my next house :)
Buying BABA, Pelaton when they came out, and Virgin Galactic when it came out. 🙄 honestly, would have made decent money on all… had I pulled out at the time lol. Still holding on to Virgin galactic, for tax harvesting, one day.
Genx, thank you for sharing. Can I ask for some feedback? My strategy is to buy ETFs when the market is in a bear and buy individual stocks when in a bull. At the moment I have 50% in ETFs (VTI, SCHD, VGT) and 50% in individual stocks, top 10 is COST, AAPL, MA, MSFT, GOOGL, V, AXP, AMZN, MCD, and O (16 in total, no Nvidia). 50% in tax advantaged accounts and half in individual account. 1 yr total return of 22% (still underperforming market by 4% though). Am looking at downsizing the individual stocks to only the top 12 positions and having a bigger cash position for the portfolio. What do you think about this strategy? Am in my early 30s and portfolio size is 65k. I also have around 15k in cash (emergency fund) but and looking to buy a property for my mom because she’s disabled and I help with her rent and rent prices are insane right now . Looking forward to your feedback.
Howdy, I'm not a financial advisor and would need way more details to offer more in the way of my 2 cents :) I think if you are investing in decent stuff over long periods of time, then I'm sure you'll do great. Most people yer age don't invest, and most definitely are not watching finance/investing videos on youtube -- thus I'm confident you'll be happy over the long run.
Nvidia has been a conundrum for dividend investors so don’t feel bad…having said don’t ever be dumb to the game I made plenty of money on Nvidia …Warren Buffet famous quote “ when so see a good investment that you understand don’t sit on your hands …Nvidia is my biggest position…
I think they capitalized on AI being at the right place right time (with a CEO who led them to be at this spot). I don't think there is a conundrum here tho :)
@@bit5tr3am The first Ultimata I saw was 3 on my friend's dad 's Apple //c. Then I played Ultimate 4 on my C64... then eventually on my Apple //c I played and won U1, 2, 3, and 5 (since I won 4 on my Commodre). I can't remember if I played U6 (I might have started but then college took over)...
Oh ya, AI has been around for a long time (I got my minor in it). Generative AI also existed, but it wasn't until relatively recently that it blew up :)
I personally like WBD over Dis. Wbd stock price has been performing horribly, but the majority of media I have consumed in the past 3 years is majority WBD. Currently theyre are making the best movies, vgames, and shows. And are revamping DC. IM thinking they will overtake marvel pretty easy
@@JoeFromSomewhere2303 i know, and a lot of their workers were quitting bc dis is taking money from the park revenue and shoveling into the streaming burn pit. Depriving their highest earners a raise and upgrading the parks lol prices have exponentially increased
@@GenExDividendInvestor oh my message got cut off. I appreciate all your videos, but my favorite ones are the psychology of money. I'm learning it's so much a mind game.
Long story short hahaha nvda didn't pay a dividend at the time and as a dividend investor I missed out on 1.2million dollars because I was more focused on dividend paying companies because I told myself I don't want to sell anything to create income putting a restriction limit on potential earnings.
Hehe, listen again -- I said I am very familiar with Nvidia -- I didn't predict that generative AI would come out and cause an exponential increase in a short timeframe :)
@@GenExDividendInvestor forreal Im not impressed with ai currently. It doesnt seem much more advanced than the bots you could chat with in the aol days, they just have internet access now lol
I actually do have some of those ... but man, warm cookies are hard for me to resist, haha.. Tho I have cut way back on sugary stuff... (its amazing how much there is in everything, even most ketchups!)
@@GenExDividendInvestor haha. completely know what you mean. a good protein bar or shake will at least help curb the cravings. It truly is amazing how much the little stuff like condiments and coffee creamers add up. You don't realize it until you start counting calories. Good luck on your journey!
Oil disappearing/phased out topic is as old as we gonna die due to climate change in 2XXX year... eventually sure it might happen but highly unlikely. The storytelling behind A.I is a whole different one reminiscent of Cisco during 1998 and it damn feels like the market is behaving like those years. I'm surprised you've watched Tyler's video in Vietnam since he's videos are totally different from your's , although he's nice and genuine much like yourself. PD: keep grinding on your weight loss journey because it's a lot like investing 😂💪🦵
In this video I tell you what the 5 biggest mistakes I’ve made when it comes to stocks, to help you learn from my missteps as well as to show you that everyone makes mistakes if they invest for long enough, and that you gotta just keep investing rather than quit or worry about it.
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Timestamps:
0:00 Intro
0:26 Inspirational quote
1:38 Story about my relative
2:49 Mistake (NVDA)
3:19 How GPU’s are the new Oil
5:24 Lesson
5:53 Mistake (AAPL) & some info about me
7:16 Lesson
8:34 Mistake (DIS)
11:20 Lesson
11:38 Mistake(s)
12:26 Lessons
12:37 Lesson
13:00 Mistake
13:18 Lesson
13:48 Lesson
14:17 Other mistakes…
14:31 Lesson
14:44 Lesson
14:57 Stress thoughts
15:29 Lesson
15:40 Story about a down-on-his-luck guy who turned things around (@BigTimeBentley)
16:44 Lesson
16:50 Lesson
17:12 Lesson
17:17 Lesson
17:29 Lesson
17:41 Lesson
17:49 Shoutout
17:55 FASTgraphs affiliate link & coupon code (in video description)
18:05 Seeking Alpha affiliate link
18:09 Other pitches
18:30 Outro
Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
My biggest mistake: I invested in cannabis stocks and lost thousands. Luckily, i made more on others so I'm ok but I really expected it to blow up.
@@Geekdom101 Maybe it will do better in the future :)
My life changed dramatically when I moved to the Philippines eighteen years ago. I got married to a great lady a young one at that. I’m saving 65% of my income. I travel Asia. Im grateful for leaving the US and having a new home here.
Ahh nice! I've watched some videos about the Philippines -- looks like very nice people and a great option for geo arbitrage :)
What part of the Philippines?
@@emyabara3371 cebu
My wife told me to buy FB when it IPOed. I didn’t do it because I didn’t think people would pay to use FB once the free model ended. Didn’t realize potential of advertising. I’ve missed some other great companies, but that’s the worst because my wife reminds me regularly. 😆
Haha, ya I remember talking to my brother in law about google the day it ipo'd, but I thought it was too expensive.. I probably shoulda mentioned that as a mistake, too ;)
I own NVDA. Wish I still had all my shares. My cost basis on the original shares is $0.05.
Most of my mistakes revolve around selling.
At least I learn from them, but sometimes education is expensive.😂
Hehe, nice basis! At least you have some, still :)
My biggest investing mistake was not getting started sooner (I know, said everyone ever). I was 28 years old before I starting making reasonably good decisions in life. I'm dedicating the rest of my 'career' to making sure others don't make the same mistakes I did.
Your channel is helping so many people. I love how you have a lane that you stick to that works well for you no matter what crazy hype is blowing up in the world. I hope you keep it rolling for years to come! I never used to comment on videos, but it's time to do more than smashing that like button (:
I know I have said it before, and this is genuinely not self promotion in any way, but you were a major factor in my starting my channel here. Unlike the 'huge' channels that promote a bunch of garbage. I want to help the every day investor reach THEIR VERSION of financial freedom. You like dividends, I like balance, some like growth. Pick a system, stay the course, and feed the machine!
No worries bro, I started at 51…
@@derekwillstard3613 Never too late! Great job getting started period.
28 is still quite young :) Thanks, and good luck!
Same. When I look at some of my early trades 6 years ago when I started I'd probably be able to retire had I held everything. I could image where I'd be had I started 15 years ago.
Playing those early SSI games (pool of radiance, curse of the azure bonds etc) from the late 80s and early 90s was some of the best times of my life haha
Haha right? Some of my favorite memories, too!
Selling chipotle when it went from about $400 to about $550 instead of just holding it. But the story about rats running through a store after all the people getting sick finally pushed me out of it even though it had no debt and was still growing.
Ahh, that is a tough one. Man, Chipotle has had a good run in a short time :)
FOMO and GREED are the 2 biggest mistakes an investor can make. Also, take some profits if you 've made a bunch off a high flyer but stay invested if you believe in the company fundamentals and outlook.
Ya, fomo and greed are common mistakes... not starting and quitting are 2 other big ones heh.
100% agree. i'm retired x 2 years at age 72 but still need to do the investing work.
My biggest investment mistake was thinking I wanted to be a real estate investor. Then the GFC humbled me with 6 foreclosures and a huge tax bill.
Heh tough timing ..
In 2022 I purchased 8 shares of NVDA and then sold out because one of my friends told me a story about how their chips are not in demand anymore. I sold my position which was around 144 a share. I missed about a 1000% gain on those shares. Even after that I had another opportunity to buy NVDA at 106 a share but didn’t bite because I thought it would keep going lower. I mean their earning still looked very expensive too at the time. So anyways I made a big mistake with not buying and holding NVDA. I did buy META however and I made a good gain on that stock because I felt I had understood the business on META more than NVDA at the time.
This time my dad tried talking me out of META at 95 a share and I told him that they just had a spending problem which could be solved easily.
I think the important lesson I learned was to research the business before I buy into the stock because it will give me a certain level of confidence behind my investment. So when someone tells me it looks bad over there for that stock I can have certainty that I know the company will be fine.
This sounds like a confession but maybe someone can learn something from my mistakes
Thanks for sharing... Ya I think the more research you do, the more conviction (or not) you can get -- which is helpful :)
Just something to think about with NVDA that no one is talking about- the primary manufacturer for all the chips in Nvidias products are made in Taiwan (TSMC) . The same Taiwan that is currently surrounded by the PLA conducting "war exercises" that are getting larger and larger... until it is not an exercise anymore. Just about every plant there has a kill switch which would disable and destroy all the critical machines so the Chinese will not be able to use them ever. How NVDA is still a strong stock with that out in the open is beyond me but many are saying if this invasion does happen it will be on our election year and soon as typhoon season has started or near. Think I will pass on that one till that little hotspot goes away.
Ah, the Commodore 64. My Brother in law had one and I always loved playing Bagman. That was such a cool game. I got so invested in it that I went to the 3rd board to pick up a bag of gold and brought it back to the first board to put it in my wheelbarrow. Cool game.
Apple I inherited from my dad and bought more when the stock split. I have nice Capital appreciation in it.
My kids had Disney and sold it. After the pandemic their stock price dropped, they suspended their dividend. We just thought it would take years to come back. They all bought Nvidia and never looked back.
My biggest mistake was seeing Nvidia go up 3k in my acct only to drop to a negative 2K. It got back up to about 2.5k and sold it to take the profit. Should have only sold half. Now, I have since bought it back and lost all that Capital appreciation.
But I’ve learned you can never look back. As Jim Mora once said (head coach of the Saints) Coulda Woulda Shoulda. You have to look forward.
Bagman.. haha th-cam.com/video/y8zQwTBDuLU/w-d-xo.html Cool you inherited some stock -- I'm happy that I'll be able to do that for my kids. Ya, ruminating on the past usually isn't too productive.
I own NVDA indirectly in by retirement account. I started investing almost 5 years ago, and something I've always appreciated is that there's about 20 years of history and experiences and mistakes made by others who came before me. So I feel like I've already learned from those experiences and mistakes without having to make them myself.
Nice -- what ticker is it part of for you?
@@GenExDividendInvestor VINIX for me. Looks like NVDA is a little over 6% of its total holdings.
Here to reaching generational wealth
You can do it :)
I’ve owned Intel since 2019 haven’t sold any shares, collecting dividends while Pat and his management team work on the foundry business and release Intel 20A and Intel 18A chips. Down around 18% but had an opportunity to sell when it hit $51 a share but long term i believe in them so holding position.
It will be very interesting to see where Intel goes from here..
I am doing the same. The ongoing China/Taiwan issues I think are underappreciated.
I really appreciate this video
Excellent insights
I will share with others
Awesome, thank you!
Don’t kick yourself on the 50k private investment. It’s a good learning experience and if both you and your wife thought it was worth it, it was. Just didn’t work out. When they work the payoff is good.
Good point :)
@@GenExDividendInvestor I’ve done similar. Can’t kick yourself for things that didn’t work. It’s ok to take those shots
The mistakes that really hurt you are when you decide to go "all in", and a close second is the "all out." Nobody can know the future well enough to make those decisions accurately, but people do get lucky now and then and start to think they are a stock genius.
I find the key is to keep telling myself, "I don't know" and ask myself, "what if you are wrong?" Then I make small moves that I think are correct, and sometimes they are.
When I make a mistake, I try to figure out why I made that mistake, or "what did I do wrong?" Then try in the future not to repeat that same mistake. There are plenty of ways to make mistakes, I don't need to repeat any of them!
Ya, I think most all in decisions tend not to work out to well…
Had my CAD/USD margin accounts up to 400K over 2020-2022 on questionable BTC miners, small caps and Psychedelic startups. Got greedy. Eventually lost 75% of portfolio and sold out. Didn’t really lose money, didn’t really make money. Greed got me. My retirement account has always been dividends and blue chips thankfully. Now, it’s all ETF and dividend payers. Aside from that, in College when Google IPO’d, my Computer Science Prof did a 20 minute talk on why he was buying it on IPO day. I’ll never forget that day and talk. 😂
Lots of lessons to learn from all that :)
I FOMO into NVDA a bit before the split. I figure, better late than never because I kept thinking it’s too late for Tesla or the other mag 7 which I also missed out on.
It’s a hard lesson. You shouldn’t follow the herd, but at least be one of the early ones!
Other mistakes are selling. Just don’t sell! Problem solved.
I'm sure in the long run things will work out :)
Losing 10k in Walgreens when they cut their dividend is nothing compared to the 500k in real-estate losses during the financial crisis in lost value and months upon months of unrented properties. All sold in the run-up and last one gone in the real-estate boom of 2021. I love my dividend portfolio and retired at 54.
Looks like with everything you've still done great to retire at 54 :)
4 mistakes for me. Holding the bag of NIO, WBA and MPW.
Sold TSLA 5 years ago.
Hehe, at least you invested :)
Watching this from a beach in Greece. Cheers!
Nice! We visited various parts of Greece a few years ago, loved it :)
Nvda changed my life. Bought back in 2021. Never saw this coming. Not sure whether to keep riding the wave or take profits lol
Ahh congrats! Hopefully whatever you decide to do (or not do) keeps you happy :)
Honestly most of my mistakes were selling too early. I’ve had plenty of 3,4,5k losses from price drops but the ones I remember most are the 10,20,30k I’ve missed out on from selling out too soon.
Which one was your worst case of selling too early?
@@GenExDividendInvestor probably Nike, bought about 15 years ago and sold after 5-6 years so I’ve missed the entire gain in the past decade.
@@yohjijames1413 ya that would be ouchie.
If you haven't lost money investing, then you haven't been investing long enough. Lol. My worst mistake in recent memory was $BABA with a cost basis of $145, but at least they initiated a dividend. $T is a close second with a post-spinoff basis of $21 so still doen 12%. At this point, I may never sell if just to remind myself to never chase yield lol
Hehe
Yea baba is a tough one because it seems like it'll never go back up. My cost basis is much closer to the current price but I really do think that company is a cash cow that's going to rocket to the moon as soon as investors catch up with it.
As a tech person as well, I have owned many tech stocks over the years. NVDA, AMD, PLTR, and AMZN are some current holdings. Some oldies were Sun Micro, Compaq, Nokia, and JDSU, the old guard. LOL
Hah ya I owned many of those old guard companies at one point.
Thank you for always sharing your learnings and wisdom with us, GenEx. My biggest mistake is that I didn’t start investing sooner. I am righting the ship on that now. Take care and have a great week.
You're welcome and thanks for sharing, Jack :) Ya I think that everyone who invests says they wished they had started sooner... but at least you started!
Thanks for sharing some important lessons! Every time I thought about buying some Apple stock, I thought it was overpriced and waited. Good companies are almost always expensive.
You're welcome and ya, they often are. I thought Google was too expensive on the day it IPO'd.. I probably shoulda mentioned that one, too, haha.
I thought the same thing too but buying 200 shares of Apple and holding them for 3 years was one of my best investments
I do own nvdia i missed it a couple years ago when it was about 200 or a bit under 200$ a share before the split. When i looked at the numbers (fundamentals etc) they told me it was a good comapny and being a gamer myself i understood nvidia in and out through gaming lol. Anyway long story short i planned to buy 1000 shares at the time but because it didnt pay a dividend 😂😢😅 and thats about the time i just started investing and i was a "DIVIDEND INVESTOR " lol i passed on the company. Then i watched the stock price do what it did in which honestly i really thought it would explode. But my mindset was never to have to sell any stocks. Anyway after the explosion and i heard about the stock split i bought in after and changed my title from dividend investor to "income investor". I still dont plan to ever sell any of my positions but i wont miss out on income that couldve been made from the lack of knowledge well tunnel vision. I mean come on 1000 shares at 1200$ a share would have been a good return and help with alot of things and more for investimg lol
That reminds me when Google IPO'd and I was talking about investing in it with my inlaws... But it seemed too expensive to me at the time hehe.
Love your videos. A good recurring reminder of good advice.
Thanks, Matthew, I appreciate you watching and saying that :)
Buying AMD at $11.
Selling at $14.
Twice.
Instead of just holding.
And having a big position in NIO and SAVE. Big losers
Ahh that is an ouchy... another one of my bad ones was almost buying Google on the day it ipo'd (and actually talking to my brother in law about it that day), but feeling it was too expensive... but I eventually bought some.
I own some NVDA shares, cost basis of $19. Wish I had bought more in the past, held off buying more when the Arm deal was falling through. Another reason to just keep DCA'ing in regardless!
Heh, yes indeed.
oil stock and super dividend payout..... Petrobras = $PBR
I've not looked at that one too much :)
Great Video! My biggest mistake was not buying a house in 2008 during the housing crash before I was born :(
Haha
I own VOO and a couple other large cap growth ETFs that own big tech. i am retired now so i am more interested in dividends rather than pure growth. Disney basically had a bad choice in CEO with Iger who is awful and ran four great franchises into the ground over 10 plus years (ESPN, Marvel, Star Wars and Indiana Jones).
Nice, so what are your top 3 largest positions?
I’m nearing retirement and my top 3 positions are VYM, SCHD and JEPQ.
@@GenExDividendInvestor Treasuries (none more than 6 months in duration just rolling the ladder over) 65%,
SCHD @ 8% , VOO @ 6%. I've been building a portfolio of REITS when they bottomed out last fall (starting with O bought at like 46 or 48 bucks and now own VICI, MAA, ARE and ADC) and are about 3.5% in total. I am looking to add perhaps 2 to 4 more with at least one of them an industrial REIT). I also want to have my own dividend stock fund of perhaps a total of 30 to 40 stocks including the REITS. A manageable amount to track. Market is dangerous right now at near all time highs and capital preservation for me is most important at 72 and retired. i'm about 30% equities (mainly large cap value dividend ETFs) but ideally i think i want to be 40 to 50% range. (i was about 80% equities when i retired 2 years ago). I am just reworking everything for a retirement portfolio.
I recently sold a portion of my company stock so I can use that money as a down payment towards a place to live but I’m planning on selling more and diversifying into ETFs because I have way too much in my company I work for
I sold some of my stock to raise cash on the down payment of my first house, but after that I used the sale of one house to get the downpayment for my next house :)
@@GenExDividendInvestor nice, my only issue is I’ll pay taxes if I sell more, otherwise I’d have to wait until next year to sale another chunk
Thank you, dear GenEx ! You are a great inspiration to me !
Glad to hear that!
Great video!!!
Thank you!
Great video 😊
Thanks! 😊
DIS when super woke!😂
When?
I don’t know if it was a mistake but I bought 10 shares of NVDA at $138 few days ago…Time will tell…
Long term it hopefully will work out great :)
Buying BABA, Pelaton when they came out, and Virgin Galactic when it came out. 🙄 honestly, would have made decent money on all… had I pulled out at the time lol. Still holding on to Virgin galactic, for tax harvesting, one day.
All of em seem like decent companies.. at least you weren’t chasing meme stocks ;)
Hey genex fellow computer science student here, great video. Currently I work at amd, hoping we can catch up to nvidia
Nice and congrats -- AMD looks like its done pretty well :)
My mistakes are:
I buy when I shouldn’t
I fail to buy when I should
I sell when I shouldn’t
I fail to sell when I should
Heh, well at least you have your bases covered ;)
Genx, thank you for sharing. Can I ask for some feedback?
My strategy is to buy ETFs when the market is in a bear and buy individual stocks when in a bull. At the moment I have 50% in ETFs (VTI, SCHD, VGT) and 50% in individual stocks, top 10 is COST, AAPL, MA, MSFT, GOOGL, V, AXP, AMZN, MCD, and O (16 in total, no Nvidia). 50% in tax advantaged accounts and half in individual account. 1 yr total return of 22% (still underperforming market by 4% though). Am looking at downsizing the individual stocks to only the top 12 positions and having a bigger cash position for the portfolio. What do you think about this strategy? Am in my early 30s and portfolio size is 65k.
I also have around 15k in cash (emergency fund) but and looking to buy a property for my mom because she’s disabled and I help with her rent and rent prices are insane right now . Looking forward to your feedback.
Howdy, I'm not a financial advisor and would need way more details to offer more in the way of my 2 cents :) I think if you are investing in decent stuff over long periods of time, then I'm sure you'll do great. Most people yer age don't invest, and most definitely are not watching finance/investing videos on youtube -- thus I'm confident you'll be happy over the long run.
Own 40 shares of NVDA. My investment has nearly 10x. Of course own NVDA in VTI/VOO as well.
Nice!
Was that dude living in his parent's basement also 300 Ibs overweight?
I don’t think so… you saw him walking in Vietnam :)
Nvidia has been a conundrum for dividend investors so don’t feel bad…having said don’t ever be dumb to the game I made plenty of money on Nvidia …Warren Buffet famous quote “ when so see a good investment that you understand don’t sit on your hands …Nvidia is my biggest position…
I think they capitalized on AI being at the right place right time (with a CEO who led them to be at this spot). I don't think there is a conundrum here tho :)
And another👆🏽 always great investing gems and lessons.. like milk to cereal in the morning 🥣 👌🏾🐐
Heh, thanks Jake :)
Theyre the reason our video came from looking like roblox and mincraft back in the day to the movie theatrical intros now lol
I actually had a job offer from them long ago :)
Woke insane companies crash 😂
The interesting question is if it’s been beaten down to the point where things start turning around.
@@GenExDividendInvestor money is king. If traders can make a buck it will go up for sure
Ultima on the Commodore 64 was epic.
Haha, ya so fun! My dad actually gave my C64 (and hundreds of games) away to some relative when I went to college. Doh.
@@GenExDividendInvestor 😱
Ultima! Loved II and III (on IBM PC)
Lord British rules
@@bit5tr3am The first Ultimata I saw was 3 on my friend's dad 's Apple //c. Then I played Ultimate 4 on my C64... then eventually on my Apple //c I played and won U1, 2, 3, and 5 (since I won 4 on my Commodre). I can't remember if I played U6 (I might have started but then college took over)...
@@bit5tr3am 3, 4, and 5 were my favs..
I am the friend that broken down because of 20k credit card debt thanks a lot Shanon 😂😂❤
Haha, wasn't you :) Her name isn't Shannon.. But I bet there are lots of people this happens to (unfortunately).
I just watched an episode of X-files about Ai so it has been in the works for a while now.
Oh ya, AI has been around for a long time (I got my minor in it). Generative AI also existed, but it wasn't until relatively recently that it blew up :)
I personally like WBD over Dis. Wbd stock price has been performing horribly, but the majority of media I have consumed in the past 3 years is majority WBD. Currently theyre are making the best movies, vgames, and shows. And are revamping DC. IM thinking they will overtake marvel pretty easy
Disney's cash cow is their parks tho.
@@JoeFromSomewhere2303 i know, and a lot of their workers were quitting bc dis is taking money from the park revenue and shoveling into the streaming burn pit. Depriving their highest earners a raise and upgrading the parks lol prices have exponentially increased
I picked up 6 shares nvda 160 range only regret was didn't buy more. Still have them gonna let it ride
Nice, some is better than none, right? :)
@@GenExDividendInvestorthat's right lol
Great video. Quick question. Did you ever invested in MAIN stock? Any pros and cons from your point of view?
Heyas, no, I never have (though a few folks on my Dividend Discord have discord.gg/kkSr5FY). I've never invested in any BDCs...
@@GenExDividendInvestor any major reason why you don't invest in BDCs?
@@JC-nh6ud This answers your question th-cam.com/video/3AUmfunez2A/w-d-xo.html
Thanks
No problem!
@@GenExDividendInvestor oh my message got cut off. I appreciate all your videos, but my favorite ones are the psychology of money. I'm learning it's so much a mind game.
Disney has been a sinking ship for years.
Yes, it has.. My guess is they will recover...
I buy a few shares of nvda at a time take my profits and put them towards microsoft
Ya? Why not keep holding them (if you think they will keep going up)? :)
@@GenExDividendInvestor minimizing risk my portfolio is small in my 2nd year i find tech growth stocks then sell them and get the stable blue chips
,8,1
hmm? Oh, are you doing the old c64 1541 thing? :)
@@GenExDividendInvestor Commodore 64 action
thanks for sharing
My pleasure
First
Nice!
Intro is so true
The quote part? :)
@GenExDividendInvestor Absolutely. We all fight the same battles. :)
Lol nvdia truly taught me a lesson in value 😂
What was the lesson 😅
Learning is worth a lot :)
@@KennethBCoding the lesson was don't be so narrow minded that miss out on great opportunities.
Long story short hahaha nvda didn't pay a dividend at the time and as a dividend investor I missed out on 1.2million dollars because I was more focused on dividend paying companies because I told myself I don't want to sell anything to create income putting a restriction limit on potential earnings.
@@jeffaragon sound advice. Thank you
Bro you play video games and dont k ow about nvidia brotha come on lol
Hehe, listen again -- I said I am very familiar with Nvidia -- I didn't predict that generative AI would come out and cause an exponential increase in a short timeframe :)
@@GenExDividendInvestor lol I spoke to soon hahahaha
@@GenExDividendInvestor forreal Im not impressed with ai currently. It doesnt seem much more advanced than the bots you could chat with in the aol days, they just have internet access now lol
@@christianpittman5716 Haha, I dunno, I think they are quite a ways ahead of Eliza ;)
Try replacing the sweets with quest protein bars. They’re delicious and relatively macro friendly. Game changer in my weight loss
I actually do have some of those ... but man, warm cookies are hard for me to resist, haha.. Tho I have cut way back on sugary stuff... (its amazing how much there is in everything, even most ketchups!)
@@GenExDividendInvestor haha. completely know what you mean. a good protein bar or shake will at least help curb the cravings. It truly is amazing how much the little stuff like condiments and coffee creamers add up. You don't realize it until you start counting calories. Good luck on your journey!
Fabulous lessons...Thanks a lot for sharing!!
Thanks, and you're welcome :)
Oil disappearing/phased out topic is as old as we gonna die due to climate change in 2XXX year... eventually sure it might happen but highly unlikely.
The storytelling behind A.I is a whole different one reminiscent of Cisco during 1998 and it damn feels like the market is behaving like those years.
I'm surprised you've watched Tyler's video in Vietnam since he's videos are totally different from your's , although he's nice and genuine much like yourself.
PD: keep grinding on your weight loss journey because it's a lot like investing 😂💪🦵
I like watching expat videos now and then so i think that’s why his showed up in my feed :)