Investing when you're young is one of the best things you can do. One of the risks however is not understanding how to invest. This is why it is great that we have channels like yourself to educate others.
1:10 This doesn't only cost a lot of money in commissions, but also a lot of time. Time that could have been used to concentrate during class (ie less work at home), chatting with your friends or similar.
I have about 10 different alt coins and some bitcoin, I am still holding but maybe not for long. I refused to sell throughout the year thinking buy high sell low, panic selling is never good. I have since learned that selling to prevent further lose may be the best thing I can do at this point. Looking for an exit point.
Mutual fund managers still make money regardless of whether the fund goes up or down. The "investment advisers" are just well paid salespeople making a commission on each sale. It came out in Australia that banks put huge pressure on their staff to see every customer interaction as a sales opportunity and sell sell sell. Often, they are coerced into behaving in a manner which is against their better judgement in order to hit their sales targets. So, they are the worst people to take advice from. Good to hear that you've learned from your earlier mistakes.
Dude, I did the same as you in HS and College. Understanding Speculation vs Investment is incredibly important for young people. Then again, most young people, much like me in HS and college are infatuated with quick money. When in reality, building wealth has more to do with the process of compounding as it applies to both money and knowledge.
Definitely, buying good companies when they're undervalued. At the moment, US companies are valued very high (According to the Shiller PE Ratio), which makes me a bit weary when it comes to investing at the moment. Trying to be fearful when others are greedy, and greedy when others are fearful. The wealth effect is reaching it's peak, and society sometimes forgets the cyclicality of our markets.
BtB - Your lesson on #2 is an excellent one to share - 'Time value of money'... Most people don't factor that into their investments and pride causes people to want to least break even. Sometimes it's better to sell a loser and reinvest elsewhere. Live to fight another day.
Wow BTB you had less subscribers than me when I first found you on YT! You’re doing amazingly well, love the videos -always watching even if I don’t comment all that often. Take care my friend 😎👍❤️
When my brother was 16 and working for dad in his auto parts store, he took his own money and bought 100 cases (12 cans per case) of R-12 Freon gas. The laws changed and soon only someone with a license could buy the gas. My dad was afraid that my brother would sell to his friends under the table and subject dad to a large EPA fine so he returned it to the supplier. 2 years later, the price shot up to $28/can and the local Ford dealer approached dad asking if it was true that we had a large stock of Freon. They were willing to buy it.. but too late.
obsolete professor damn, what a frustrating thing to happen to you because of law regulations.. how much were the 100 cases when he bought them wholesale?
99 cents a can. The company had a closeout and they were shipping everything they couldn't sell to Mexico.. since it was still legal there for the general public. People later on were bringing cans of R-12 across the border from Tijuana and Mexicali.
Simply do not invest all your money at one time in any stock/mutual fund/index fund etc. If you are positive of long term investment in it, then make regular cost/dollar average investments in it over time and you do not worry about timing or getting in at the top etc. Personally, am not a fan of individual stocks - prefer mix of both mutual/index funds . Too much risk individual stock picking for average investor with limited research/time available. Worst mistake was buying a start up media stock that was doing well, had been trading about 2 years and built up good documentary / film production and other ventures. Profits were good and bought foolish on basis of balance sheet / growth of new ventures but main thing was the team - full of bright people Ivy MBA's / some other leading ivy leagues and some business mentors. Then 2009 hit and recession wiped out all their backing, entertainment deals cancelled etc. They got delisted from the exchange into liquidation! I had only invested about $7000, so not a large chunk of my portfolio but still not money to be sneezed at to loose, (hope was this was going to be one of those 20x stocks to turn into next Paramount pictures etc). So went to ZERO! When that happens in your brokerage account you still have the share holdings but value is zero, until about 5 years later they listed on another exchange and then I had a percentage holding in that new exchange of those share - still only got back about $2000. NEVER AGAIN!
Man this is a good video for people that are starting out, most people always ask me “what about penny stocks!?” And the whole investment firm or banking trying to just get a fee out of you. Thank you sir
Good advice! It's good that you made those mistakes when you were young and had time to recover. If you had waited until age 45-50 before investing for the first time, those losses would have hurt much more. Start investing young! Make your mistakes and learn!
Thank you for sharing hopefully you can help others not make the same mistake. Personally I made the same mistake with mutual funds as well but came to my senses within a few months
Costly Investments that I have made (I'm 14, I will be 15 this year and I have invested since I was 8): 1. Stocks: I had not done my research and bought whatever stock I pleased. When the price fell, I took the loss and keep doing it until it drops by 40% in which at that point I bought a stock and literally forgot about it until last year. It has gone pretty well, from a loss of 45% to now still 11%. But it's improving. Lesson learned: Think long term, sell when you are profiting quite an amount, remember that there are stock trading fees. 2. Cryptocurrencies: When the market cap was more than $1 trillion, I didn't sell it. I ended up suffering an 80% loss, and this investment is bigger than my investment in stocks. Lesson learned: When you profit, sell. Don't be greedy.
I left some shitty penny stock in my portfolio I bought 2006 as a reminder for myself (interestingly, it hasn't been delisted as most do, but it lost >80% of value). What happens with penny stocks is that they will quite legally raise capital from new "internal" investors over and over again, creating new shares and selling those at a lower price than the market price of the existing ones (which serves to make the internal investors interested in the first place). So the old public shareholders essentially act as sponsors for the new ones, who often happen to come from the friends & family circle of the company's management (there are also "finder's fees" that are taken outright from the company's funds and into management's pockets for arranging such financing rounds). In summary, as a public shareholder of a penny stock company you are officially an in-the-shit gambler, trying to compete with other naive gamblers of the same kind as well as the much better informed group of insiders who live as parasites around that company. The only way to "invest" in penny stocks is by shorting them, but that's difficult (many cannot be borrowed out for shorting or have exorbitant fees), and it can be also very dangerous if they're able to arrange not just the usual dilution, but also a pump-and-dump scheme (pumping it will squeeze you out and force to sell as a shortie - I've seen horror stories of trash pumped up 1000% and more right before dying - being short at a wrong time one would be wiped out along with them).
i know, but people shouldn't really hold penny stocks for a swing, my friend only day trades it which is why i say the stop loss saves you there. holding that crap is way too risky. i stay away from them
Buying individual stocks that later went (nearly) bankrupt was my biggest mistake. Also shorting during 2008...being right with bad timing is expensive. Now I just buy low fee index funds.
Agree with whole video. Penny stocks are a scam. Anything that falls below $3 sucks. Wells Fargo kept harassing me to open a credit card account. Turns out its my oldest account on record which helps my credit. Thanks wells Fargo. But whatever, I've been beating the market for 2 years now.
I find some of these lessons is hard to absorb unless you go through it yourself to REALLY learn it. Well, I can try to show these lessons through video though.
Hey thx for sharing your experience. Yeah that is the problem with investing. It is not just the question in what you invest but also when you invest. That makes investing so difficult. But one good way is to focus on the industries that are growing and probably will be around in the future and then pick companies that dominate in these indutries., like Amazon in ecommerce, Intel in chipmaking, Mastercard and Visa in the credit card field.And then add some good dividend stocks to it like coca cola, johnson johnson. Then i think your pretty much good to go
You have to invest in what you know and can digest the information well. Or perhaps even have worked in the industry. The more you know, the more insight you can have over others.
Many years ago when I was in Las Vegas, some girl approached me and asked me how I felt about my face. At the time I had a much worse acne problem. I dismissed her and moved on, but I thought about the scenario a bit more afterwards. I came to the notion that most of the time most people will only go out of their way to talk to you if they are either trying to get into your pants, or get into your wallet.
@@BeatTheBush I think she was trying to sell me some cleanser products. I was thinking: "I know my face is full of acne, what type of question is that?"
I've gotten whooped on several bankrupt companies, or bad trades cut your losses and let your winners run took me years and thousands of dollars things are much easier with a wider variety of holdings great video as always
You're too hard on yourself. Those were common novice mistakes for many people and you were quite young on top of being a beginner. Good video. I just found your channel today and have been watching the financially related videos. Good stuff an simple explanations.
Should I be paying a house loan within 5 years amounting to almost 600,000 with interest or just pay it for 30 years for almost 1.2M with interest. I know paying interest is too much but I'm also thinking maybe 1.2M in 30 years might not as valuable as 1.2M today, you got my point?
but isn't it all about timing? Or time in the market? How are those MFs doing now? It isn't so bad to have a managed portfolio. It takes away the emotion. But yes, it must be long term, and everything depends on market conditions. If you invested in 2008, at the height, it would take years to come back.
BeatTheBush yea my 3 year old daughter. I already have life insurance with my job so I guess ill have to compare both plans. But they also stress me diversifying my financial portfiloio but I want to focus on real estate.
Thanks for sharing BTB. Often times you say “you could just get 8% return”. I assume you are meaning the average return of the market, but you make it sound like that the 8% return is basically a garunteed RoR. Or are you referring to something else? I can’t think of any other investments, bonds, etc that would have that high of garunteed RoR right now.
Lol I did the same thing. I was up 50% of my entire portfolio in 2 months, ended up getting out down 30%. Cheap lesson to get over with in the beginning of my investment life.
Hey beat the bush, I'm currently in highschool and am looking to begin investing, (I don't have that much money obviously so within the limits of a few hundred) are there any beginner tips you have so like any stable companies, what to use to invest and what type of companies etc Cheers
I cannot recommend you a particular company. I covered how to buy and sell stocks today and I have recommendations in that video for what to use to get free trades. Here: th-cam.com/video/ld8ILep_tMI/w-d-xo.html
I think stock trading can be a great way to make extra money if you're willing to learn effective techniques of identifying good buys. Of course that's easier said than done, but it's not impossible. Penny stocks are especially challenging because they are so volatile and speculative. In any case, it's never a good idea to trade stocks with your main retirement funds. I have a separate brokerage account that only contains funds I can afford to lose. I opened my account with only $500 and add to it whenever I have extra money. I just made $50 on a day trade this morning!
I've learned that some of the best thing to invest in are the things that are not popular today. A good example is 3 d printer companies. When they become popular that's when you sell. I've also learned to be rational not emotion. I have a emotional connection to silver because I collect coins. I think silver will be valuable one day but to me it is valuable right now. That is my emotions talking not the real story. Silver is at its lowest point right now.
That's why with penny stocks you have to read the charts , and float , and last 52 week high . I trade only pink sheets and 0.01 . It's not penny stocks but the person , two 0.0001 ripped off to 0.0024 . A 3. Per share ripped to 24.00 per share in 3 days . The people was on them charts was on these rockets ..,
I had the bank experience too like 15 years ago. And a few weeks ago i bougt a falling stock called HMNY.Lost some on it..because i didnt do my research.. Still learned from it. Forgot the lessons from the book trading in the zone from Mark douglas for a moment there:p
My biggest loss was from scalping "rare" junk and selling on ebay. Made up for it with crypto though. Damn you were in Anaheim? We could have got beers.
On your second example, not only did you lose time but also your money did not have the same purchasing power. 5'000 today is not worth the same as 5'000 five years from now ( inflation). :)
"Whenever I buy, It drops a bit" Me too man.. I swear Im gonna get a phone call one of these days buy a company threatening to break my legs If I put ANY money in their stock. A few weeks ago, I bought Apple and its been dropping since. Sorry everyone, this one is on me..
@@BeatTheBush yea, but I think thats a good thing in my opinion. It present huge buying opportunities. When I walk buy a clearance sale, I dont tell myself.. "you know.. Id rather wait until its full price" :)
Cyberworld 7 - Stock Market Investing hey man how old are you? I'm currently 19 and would like to invest a bit, but I don't know where to begin. I'm trying to move out to satx by next year so I don't want to put too much money into it right now.
learn about daytrading and swingtrading. those principals are simple. you do need to be mentally strong when you're investing into the stockmarket so keep that in mind. i'm also 19 and have been trading since 17. I started with 999 euro's, i closed my first year at almost 25k. i made about 2400% in profit that year. i'm now paying down a house that i'm renting out. to put that rent back into the market and make more so i can pay for a second house in a year. and than repeat the process. it all sounds so unbelievable but it isn't. so my advice to you is to start trading. learn to read charts and such. "plantradeprofit" is a good channel to watch if you wanna learn. just don't settle for a few percentages per year, that's good when you want some extra cash when you retire.. but not if you wanna be financial independent before you 30, if you want that you'll need to follow the money, and grow your financial IQ. goodluck!
i'm glad your making videos again, i'm just waiting for the market to crash because, its going to crash. People already rang the bells, the only one that didn't are the ones that are trying to sell.
It always seems like an impending crash never really goes off immediately. It drags on for YEARS before there is any sort of correction. But sometimes it may even never happen.
Investing when you're young is one of the best things you can do. One of the risks however is not understanding how to invest. This is why it is great that we have channels like yourself to educate others.
Just skipping over the mistakes I made will save you many years. =D
Thumbnails bang on! Very wise piece of advice with the ps3/Sony. I’ve found myself in this situation before as well.
Thanks! =D
1:10 This doesn't only cost a lot of money in commissions, but also a lot of time. Time that could have been used to concentrate during class (ie less work at home), chatting with your friends or similar.
sincere, to the point videos. I see why ppl are drawn to you. Your channel is underrated. Liked and subscribed.
Well its not only time cost, Dont forget about INFLATION .
Agreed.
My worst mistake: Half my portfolio in GOPRO at 43 bucks. Held for more than a year...sold at 12.
Ouch, sorry to hear.
Brandon Damn, that sucks. Why was your position in gopro so big?
Damn reading that hurts
Optimistic speculation. Thought they were gonna run the show, but mostly because I was 18 and STUPID xD
I appreciate your sympathy, good news is I have recovered ;)
Thank you for sharing the failures, not only the successes. I dread making expensive mistakes.
A couple of days ago I was thinking what kind of mistakes has btb made in the past? This was a good lesson. Thank you for sharing!
Your just a great guy, you don’t mind talking about your mistakes and your UNSELFISH and actually don’t want people to suffer like you.. great video
=D Thanks!
Turned $5k to $1.3k by buying crypto. Hey, at least I am making somebody else rich.
buy high sell low. If you didn't buy some crappy ass altcoin you should have hold it.
I have about 10 different alt coins and some bitcoin, I am still holding but maybe not for long. I refused to sell throughout the year thinking buy high sell low, panic selling is never good. I have since learned that selling to prevent further lose may be the best thing I can do at this point. Looking for an exit point.
Wow... sounds painful. Sorry to hear.
why did you sell? HODL
Aerohk crypto is pure speculation
As a high schooler for the next year, I've been looking into investing properly before I become an adult. This is good content on what to avoid
Mutual fund managers still make money regardless of whether the fund goes up or down. The "investment advisers" are just well paid salespeople making a commission on each sale. It came out in Australia that banks put huge pressure on their staff to see every customer interaction as a sales opportunity and sell sell sell. Often, they are coerced into behaving in a manner which is against their better judgement in order to hit their sales targets. So, they are the worst people to take advice from. Good to hear that you've learned from your earlier mistakes.
Dude, I did the same as you in HS and College. Understanding Speculation vs Investment is incredibly important for young people. Then again, most young people, much like me in HS and college are infatuated with quick money. When in reality, building wealth has more to do with the process of compounding as it applies to both money and knowledge.
Definitely, buying good companies when they're undervalued. At the moment, US companies are valued very high (According to the Shiller PE Ratio), which makes me a bit weary when it comes to investing at the moment.
Trying to be fearful when others are greedy, and greedy when others are fearful. The wealth effect is reaching it's peak, and society sometimes forgets the cyclicality of our markets.
BtB - Your lesson on #2 is an excellent one to share - 'Time value of money'... Most people don't factor that into their investments and pride causes people to want to least break even. Sometimes it's better to sell a loser and reinvest elsewhere. Live to fight another day.
Wow BTB you had less subscribers than me when I first found you on YT! You’re doing amazingly well, love the videos -always watching even if I don’t comment all that often. Take care my friend 😎👍❤️
Was it that long ago? Must be 3 years ago?
BeatTheBush I guess so but it really does not seem like that far back at all. Wow time passes so quickly!
When my brother was 16 and working for dad in his auto parts store, he took his own money and bought 100 cases (12 cans per case) of R-12 Freon gas. The laws changed and soon only someone with a license could buy the gas. My dad was afraid that my brother would sell to his friends under the table and subject dad to a large EPA fine so he returned it to the supplier. 2 years later, the price shot up to $28/can and the local Ford dealer approached dad asking if it was true that we had a large stock of Freon. They were willing to buy it.. but too late.
obsolete professor damn, what a frustrating thing to happen to you because of law regulations.. how much were the 100 cases when he bought them wholesale?
99 cents a can. The company had a closeout and they were shipping everything they couldn't sell to Mexico.. since it was still legal there for the general public. People later on were bringing cans of R-12 across the border from Tijuana and Mexicali.
This is great, you're helping your viewers avoid some costly mistakes here
=D Stupid and costly... oh how silly it is now that I look at it.
Hindsight is 20/20, at least you learnt from your mistakes, and letting people learn from this valuable experience. Thanks!!
Simply do not invest all your money at one time in any stock/mutual fund/index fund etc. If you are positive of long term investment in it, then make regular cost/dollar average investments in it over time and you do not worry about timing or getting in at the top etc. Personally, am not a fan of individual stocks - prefer mix of both mutual/index funds . Too much risk individual stock picking for average investor with limited research/time available.
Worst mistake was buying a start up media stock that was doing well, had been trading about 2 years and built up good documentary / film production and other ventures. Profits were good and bought foolish on basis of balance sheet / growth of new ventures but main thing was the team - full of bright people Ivy MBA's / some other leading ivy leagues and some business mentors. Then 2009 hit and recession wiped out all their backing, entertainment deals cancelled etc. They got delisted from the exchange into liquidation! I had only invested about $7000, so not a large chunk of my portfolio but still not money to be sneezed at to loose, (hope was this was going to be one of those 20x stocks to turn into next Paramount pictures etc). So went to ZERO! When that happens in your brokerage account you still have the share holdings but value is zero, until about 5 years later they listed on another exchange and then I had a percentage holding in that new exchange of those share - still only got back about $2000. NEVER AGAIN!
been loving the thumbnails lately
Did this one convey the pain in the losses? =D
i disagree. the thumbnails look clickbait-y and convey low quality
samfortunato hater
If you've been a BTB subscriber for like, more than a day, you know that his content is anything but low-quality.
M M he said makes them seem that way... meaning btb should be careful if it loses him views. Probably not though since thats what most people like...
Never buy investment products directly from a bank! They are extremely profitable, but for the bank not you.
Then how? Help us :')
You should make a video on how to generate passive income.
Noted.
Man this is a good video for people that are starting out, most people always ask me “what about penny stocks!?” And the whole investment firm or banking trying to just get a fee out of you. Thank you sir
Exactly. But I wonder how much of it will be absorbed. Much you can hear but never really implement unless you have real experience.
BeatTheBush the average human needs to feel the pain before they learn the lesson.
Good advice! It's good that you made those mistakes when you were young and had time to recover. If you had waited until age 45-50 before investing for the first time, those losses would have hurt much more. Start investing young! Make your mistakes and learn!
i also bought into a mutual fund for 15 years and didnt make a penny due to the expensive admin fees.....thanks for your vdos
Thanks for sharing your experiences!
4:25 there is also inflation to worry about
Great video again. Watch out for those banks. They tried to entice me w a 30% return. LoL. Beware of those banks.
Then sneakily, they pull 50% of your principal from under you. Seriously.
Thank you for sharing hopefully you can help others not make the same mistake. Personally I made the same mistake with mutual funds as well but came to my senses within a few months
For those young investors, I think it'll at least get said. Sometimes you have to experience it to 'really' learn it.
Costly Investments that I have made (I'm 14, I will be 15 this year and I have invested since I was 8):
1. Stocks: I had not done my research and bought whatever stock I pleased. When the price fell, I took the loss and keep doing it until it drops by 40% in which at that point I bought a stock and literally forgot about it until last year. It has gone pretty well, from a loss of 45% to now still 11%. But it's improving. Lesson learned: Think long term, sell when you are profiting quite an amount, remember that there are stock trading fees.
2. Cryptocurrencies: When the market cap was more than $1 trillion, I didn't sell it. I ended up suffering an 80% loss, and this investment is bigger than my investment in stocks. Lesson learned: When you profit, sell. Don't be greedy.
It's hard to time the market. And I would say my sale on bitcoin was pretty lucky and came with a lot of backlash from people thinking different.
Do a Vlog of your best investments and the reasons why you bought or shorted them
I left some shitty penny stock in my portfolio I bought 2006 as a reminder for myself (interestingly, it hasn't been delisted as most do, but it lost >80% of value).
What happens with penny stocks is that they will quite legally raise capital from new "internal" investors over and over again, creating new shares and selling those at a lower price than the market price of the existing ones (which serves to make the internal investors interested in the first place). So the old public shareholders essentially act as sponsors for the new ones, who often happen to come from the friends & family circle of the company's management (there are also "finder's fees" that are taken outright from the company's funds and into management's pockets for arranging such financing rounds).
In summary, as a public shareholder of a penny stock company you are officially an in-the-shit gambler, trying to compete with other naive gamblers of the same kind as well as the much better informed group of insiders who live as parasites around that company. The only way to "invest" in penny stocks is by shorting them, but that's difficult (many cannot be borrowed out for shorting or have exorbitant fees), and it can be also very dangerous if they're able to arrange not just the usual dilution, but also a pump-and-dump scheme (pumping it will squeeze you out and force to sell as a shortie - I've seen horror stories of trash pumped up 1000% and more right before dying - being short at a wrong time one would be wiped out along with them).
clray123 a stop loss can save you most of the time. Either way I don’t mess with penny stocks at all
Ed XO Stop loss is often not effective when shorting. The pumps can happen in after hours OTC trading when the stop loss does not trigger.
i know, but people shouldn't really hold penny stocks for a swing, my friend only day trades it which is why i say the stop loss saves you there. holding that crap is way too risky. i stay away from them
To help put this "investing" story in perspective vis a vie the stock market, what year were you a senior in high school?
This video is it.
Buying individual stocks that later went (nearly) bankrupt was my biggest mistake.
Also shorting during 2008...being right with bad timing is expensive.
Now I just buy low fee index funds.
So sad. Lessons are expensive. Luckily, if you earn more and more, the expensive lessons seems not as bad.
Where did u get that 8%? At that bank you spoke about?
Not a bank but investment style. To do it you really have to understand long term gains in an index fund.
LoganStarCraft
My 401k is 10% over 10yrs
which year u bought and sold sony?
Agree with whole video. Penny stocks are a scam. Anything that falls below $3 sucks. Wells Fargo kept harassing me to open a credit card account. Turns out its my oldest account on record which helps my credit. Thanks wells Fargo. But whatever, I've been beating the market for 2 years now.
How can you set up Investments to get paid significant amounts 2-3 times a month?
Thanks for sharing. Mistakes make you smarter and you can invest with this knowledge going forward.
I find some of these lessons is hard to absorb unless you go through it yourself to REALLY learn it. Well, I can try to show these lessons through video though.
BeatTheBush i know i will lose money investing. I expect it. Overall will see gains, i consider it a broader mindset vs. one instance of losing money.
Hey thx for sharing your experience. Yeah that is the problem with investing. It is not just the question in what you invest but also when you invest. That makes investing so difficult. But one good way is to focus on the industries that are growing and probably will be around in the future and then pick companies that dominate in these indutries., like Amazon in ecommerce, Intel in chipmaking, Mastercard and Visa in the credit card field.And then add some good dividend stocks to it like coca cola, johnson johnson. Then i think your pretty much good to go
You have to invest in what you know and can digest the information well. Or perhaps even have worked in the industry. The more you know, the more insight you can have over others.
Thanks for the advice. I think these mistakes are actually easily made for beginners
Exactly.
Many years ago when I was in Las Vegas, some girl approached me and asked me how I felt about my face. At the time I had a much worse acne problem. I dismissed her and moved on, but I thought about the scenario a bit more afterwards. I came to the notion that most of the time most people will only go out of their way to talk to you if they are either trying to get into your pants, or get into your wallet.
Sounds like a troll.
@@BeatTheBush I think she was trying to sell me some cleanser products. I was thinking: "I know my face is full of acne, what type of question is that?"
Please make a video for how/what to invest as a high schooler
Great info - Thanks
Thanks for your sharing
You're welcome!
what was the penny stock called
I hear you! I've had investment mistakes as well........
Never to be repeated again but then they are so valuable. I am glad it happened.
I've gotten whooped on several bankrupt companies, or bad trades cut your losses and let your winners run took me years and thousands of dollars things are much easier with a wider variety of holdings great video as always
You're too hard on yourself. Those were common novice mistakes for many people and you were quite young on top of being a beginner. Good video. I just found your channel today and have been watching the financially related videos. Good stuff an simple explanations.
Should I be paying a house loan within 5 years amounting to almost 600,000 with interest or just pay it for 30 years for almost 1.2M with interest. I know paying interest is too much but I'm also thinking maybe 1.2M in 30 years might not as valuable as 1.2M today, you got my point?
Inflation is about 2% a year so some of that will just 'inflate' away. So it's like a consolation prize to having to pay interest to the bank.
but isn't it all about timing? Or time in the market? How are those MFs doing now? It isn't so bad to have a managed portfolio. It takes away the emotion. But yes, it must be long term, and everything depends on market conditions. If you invested in 2008, at the height, it would take years to come back.
How do you feel about life insurance plans. I keep getting solicited by a Northwest Mutual Rep for retirement plans, mutual funds etc.
You have to look at who benefits and what your risks are. Do you have people that depend on your if you die?
BeatTheBush yea my 3 year old daughter. I already have life insurance with my job so I guess ill have to compare both plans. But they also stress me diversifying my financial portfiloio but I want to focus on real estate.
Thanks for sharing BTB.
Often times you say “you could just get 8% return”. I assume you are meaning the average return of the market, but you make it sound like that the 8% return is basically a garunteed RoR.
Or are you referring to something else? I can’t think of any other investments, bonds, etc that would have that high of garunteed RoR right now.
Michael Lehmann research the S&P 500 for the last 20 -30 years. You’ll see the opportunities and how easy it is to get 8%.
Yeah... I quote that sometimes and that in itself takes a whole video to explain. I have done this in the past.
thanks for sharing....it's good if people heed your lose advice....and what you did wrong.
Wow your skin looks really clear
Can someone briefly explain the Sony stock jump back like 15 years ago?
Lol I did the same thing. I was up 50% of my entire portfolio in 2 months, ended up getting out down 30%. Cheap lesson to get over with in the beginning of my investment life.
Do you guys recommend buying stocks through your bank?
Yes, you can do that sometimes. BofA has Merrill Lynch as a brokerage arm for example.
i laugh on "buy buy buy" that's quite true!! Heard it from the so called " financial advisor" all the time.
Thank you Btb.
You're welcome!
Your thumbnails are getting so good
Thanks! =D
Great lessons!
Thanks!
Indexing - Low cost ETF's with exposure across the world, allocated with a bond ETF. Rebalanced annually. The only way to go for the long term IMHO.
There are risks in the short term though. If you can stomach it.
there is always "risks" in investing, this approach is the lowest risk vs return, as you are allocated across 1000's of companies, 100's of bonds.
Hey beat the bush, I'm currently in highschool and am looking to begin investing, (I don't have that much money obviously so within the limits of a few hundred) are there any beginner tips you have so like any stable companies, what to use to invest and what type of companies etc
Cheers
I cannot recommend you a particular company. I covered how to buy and sell stocks today and I have recommendations in that video for what to use to get free trades. Here: th-cam.com/video/ld8ILep_tMI/w-d-xo.html
I think stock trading can be a great way to make extra money if you're willing to learn effective techniques of identifying good buys. Of course that's easier said than done, but it's not impossible. Penny stocks are especially challenging because they are so volatile and speculative. In any case, it's never a good idea to trade stocks with your main retirement funds. I have a separate brokerage account that only contains funds I can afford to lose. I opened my account with only $500 and add to it whenever I have extra money. I just made $50 on a day trade this morning!
yeah always look at the small print, if its too good to be true then it probably is!
Sometimes very good things might seem too good to be true though.
Thank you for this❤️
=D
a true Hong Konger by blood. Ppl still do trade all day on their phones @ work in HK *eye roll*
I've learned that some of the best thing to invest in are the things that are not popular today. A good example is 3 d printer companies. When they become popular that's when you sell. I've also learned to be rational not emotion. I have a emotional connection to silver because I collect coins. I think silver will be valuable one day but to me it is valuable right now. That is my emotions talking not the real story. Silver is at its lowest point right now.
Your faces in the thumbnails keep getting better.
Thanks Beat The Bush I enjoyed this video
Warren Buffett advises to invest in an S&P500 ETF like the SPY.
Any of those you'll do just fine but then you have to do it longer term and not freak out if it ever plunges 40%.
I've been beating Spy for 2 years now, LOL
thanks for sharing!
yup. sony, coke and starbucks was my mistake of the year
What do you think about investing in Cashbery?
Never heard of it just yet.
I am 25 have a 2 year associate degree. I don't even or ever had $2K ~ $3K in my bank account ever....
Don't worry. It's because you haven't been in the work force for long.
That's why with penny stocks you have to read the charts , and float , and last 52 week high . I trade only pink sheets and 0.01 . It's not penny stocks but the person , two 0.0001 ripped off to 0.0024 . A 3. Per share ripped to 24.00 per share in 3 days . The people was on them charts was on these rockets ..,
I didn't catch all of that.
BeatTheBush it's not the penny stocks it was you .
Does anyone use wealthsimple?
Good stuff, thx for sharing.
I did the same thing opened a brokerage when I turned 18. I thought I would be rich from penny stocks!! LMAO
Sendarian1 meh, what 18 year old doesn’t think they can hit it big 😂
Sendarian1 wow I started at 16 u a dumass I'm 18 now don't be greedy
Pretty young people on this. Even more surprising is the language.
BeatTheBush (and the spelling) 😂
That thumbnail!😂🤣😂🤣
I had the bank experience too like 15 years ago. And a few weeks ago i bougt a falling stock called HMNY.Lost some on it..because i didnt do my research..
Still learned from it. Forgot the lessons from the book trading in the zone from Mark douglas for a moment there:p
Lol your face on the thumbnail 😂
No idea how I got that messed up hair. XD
My biggest loss was from scalping "rare" junk and selling on ebay. Made up for it with crypto though.
Damn you were in Anaheim? We could have got beers.
Any of those endeavors could go south, even cryptos as with many. Ahhh yeah, I didn't have time to do a gathering there. Will try to next time.
at least you can write off (deduct) your losses when doing taxes.
Are you at VidCon right now? If so did you witness the chaos that ensued at TanaCon?
What camera do you use
This video is the smaller one. List of full equipment here: www.amazon.com/ideas/amzn1.account.AEOOWHHYNZA57ZCCAZNVXMFQMJNQ/13EURB6AEDCT7
How much you lose- 100 yen?
Do a vid on 5g or difference between dsl and cable
On tech? Huh... I suppose that would be helpful but I may have to stick that on my diy channel or make a whole new one.
There is a name for 'Time loss" it's called opportunity cost.
Evine is a great penny stock now!
The banks disliked the video
Lol... I'm sure there are people who work for banks watching. But most are looking out for themselves.
On your second example, not only did you lose time but also your money did not have the same purchasing power. 5'000 today is not worth the same as 5'000 five years from now ( inflation). :)
Oh yes... inflation. =D
Any time I start to think I'm a savvy trader, I remind myself that I sold most of my NFLX in 2009 & 2010. D'oh!
You really have to try it small time with your own money to test yourself to really know it seems.
"Whenever I buy, It drops a bit" Me too man.. I swear Im gonna get a phone call one of these days buy a company threatening to break my legs If I put ANY money in their stock. A few weeks ago, I bought Apple and its been dropping since. Sorry everyone, this one is on me..
Lol... the market is doing pretty badly the last month.
@@BeatTheBush yea, but I think thats a good thing in my opinion. It present huge buying opportunities. When I walk buy a clearance sale, I dont tell myself.. "you know.. Id rather wait until its full price" :)
yeah love the gambling bit ...lol. Lose money is the greatest lesson.
People can tell you these things as in this video. But I feel it doesn't really drive it home as compared to living it.
3 thousand dollars as high schooler. Baller.
I've been investing in stocks for 15 years, and been doing terrible.
I started in safe stock than started to move to stock below 3 dollars which is where I made most of money
Cyberworld 7 - Stock Market Investing hey man how old are you? I'm currently 19 and would like to invest a bit, but I don't know where to begin. I'm trying to move out to satx by next year so I don't want to put too much money into it right now.
I am 30 soon 31. My suggestion is try and start early and over time put extra money you don't need into stocks
Ghoulifyed Buy ETFs and forget about it
learn about daytrading and swingtrading. those principals are simple. you do need to be mentally strong when you're investing into the stockmarket so keep that in mind. i'm also 19 and have been trading since 17. I started with 999 euro's, i closed my first year at almost 25k. i made about 2400% in profit that year. i'm now paying down a house that i'm renting out. to put that rent back into the market and make more so i can pay for a second house in a year. and than repeat the process. it all sounds so unbelievable but it isn't. so my advice to you is to start trading. learn to read charts and such. "plantradeprofit" is a good channel to watch if you wanna learn. just don't settle for a few percentages per year, that's good when you want some extra cash when you retire.. but not if you wanna be financial independent before you 30, if you want that you'll need to follow the money, and grow your financial IQ. goodluck!
Strange, I never care about what the price of the stock is. Rather what is the value. It can be $3 or $300, it doesn't matter to me.
i lost money bc of greed. I thought I could make more. Nope, the next day the stock tanked hard.
That's pretty much out of your control I think.
i'm glad your making videos again, i'm just waiting for the market to crash because, its going to crash. People already rang the bells, the only one that didn't are the ones that are trying to sell.
It always seems like an impending crash never really goes off immediately. It drags on for YEARS before there is any sort of correction. But sometimes it may even never happen.
BeatTheBush well its due, this short term tax cuts won't last
BeatTheBush its not the best time to sell as there more to gain in a year, but it doesn't seem like a good time to start investing on new things.