Are you afraid to invest? Do you fear losing money or maybe not having enough to make a real profit? Let me know in the comments! And if you are interested in learning how to invest, check out my Quick Start Guide bit.ly/2aTH6qj
Winner of a video, I been tryin to find out about "bitcoin mining company" for a while now, and I think this has helped. Ever heard of - Vaneath Crypto Cabotage - (should be on google have a look ) ? Ive heard some interesting things about it and my mate got amazing success with it.
Overnight Productions no one that really know how to invest 1000$ will tell you. because they would be busy doing that themself and wont need your money (buy my books= give mee money)
Stocks are like lottery bets. You wont get rich with it to get rich there are 3 options 1) have a phD university diploma in a field that is well paid 2) lauching a very sucessfull buisness (you sell more than you invest) 3) this is the reason of 70% of world wealth. HERITAGE! The big house in los angeles that your grandpa bought in 1970...who then lend it to your father who also bought a house in 2003...if you sell those 2 houses. You are MILLIONAIRE
I have challenged myself to put away 50% of my monthly income into dividend stocks which is quite easy since I live frugal at 32 without debt. I work as an account executive, and make over $2000. $1000 goes into dividends, and the other $1000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.
I have seen a lot of investing channels but still can’t wrap my head around it. I need an impartial investment advisor. I know they are there I don’t just know a legit sourced. How can I reach the broker you were assigned?
I have made over $25,000 from profits during the pandemic, more so because I was reinvesting every two weeks. His strategies cuts across major financial markets which cuts across major financial markets which I found generates more profit.
The hardest thing about investing is the fact everyone is trying to take your money or sell a book. I think its best to educate yourself on one product and start from there. There's way too much misinformation and product placement. Most of the time I read books I already know the answer and the get you from A to B while failing to lead you to C. I wish there was a one stop for knowledge but there isn't.
I like this guy. He should be a politicians. He talks alot by not really actually saying much. He "answers" questions by not answering them. He states the obvious facts or what the viewer already knows. He then advertises a bunch of books to read (a good source of marketing and sales tactic), some written by himself or others that he possibly got paid to advertise for. I gained zero knowledge for watching this almost 8 minute long video. I appologize for sounding rude and thank you very much.
5alidal He told you where you can go to put time into learning how to invest 1000$. He made his point from the beginning: you aren't asking the right questions(paraphrase), with that said, EDUCATE yourself through these books.
Forex is not magic you are not going to be a millionaire over night but it's a good market to raise your finances at a steady growth. You need a proper understanding or super expert tips could work for you.
EdBareff did you expect a one sentence solution? Do you believe in fairies? :) most of rich investors read a lot! Warren Buffet reads a book a day! Knowing which books to read to get started with a small investment is very valuable!
I haven't read a single book about investing since I started and I'm doing just fine lol. But I do read a lot in terms of articles and stuff keeping up with current events. So I guess in essence I am reading books worth of information each year. :-)
If you watch my vlog you will learn a lot! The first step is saving money, second step is opening an account (I use Scottrade) and third step is depositing money and buying your first shares of stock! ;)
The answers are in the book. Buy the book. I have it. Read it. Straightforward. Useful. If you are disciplined and can read then there is no excuse. Instead of dropping pointless comments why not stop and be thankful that someone like Phil actually took the time to put the ideas contained in "The Intelligent Investor" into everyday language.
I answer a ton of questions in every episode of my vlog, I promise if you watch a few you will learn a lot and won't be disappointed! I'm documenting my path on going from $43k to $1M in my Scottrade account ;)
Yes definitely! Recently I changed job which means I can save some money and I want to do something smart with it rather then just opening a saving account. Frankly I just don't know where to begin; what to do!
Thank you Phil for your book suggestions. My reading list in 2019 : Rule #1, The Dhandho Investor & The Education of the Value Investor. Actionable knowledge is, indeed, Power!
Some folks are upset that he provided no info about how to invest 1,000, but he did. Educate yourself on investing. For those who don't want to spend money on the books can read through Warren Buffet's annual letters for free. But the biggest tip in my opinion is to buy good companies that are undervalued due to some CORRECTABLE event eg Chipotle back when they were have all those food poisoning problems.
A very common way to make a lot of money is selling the way to make money, like making these TH-cam infomercials. People will pay money for this stuff. Do they get rich? Do you really think these oh so charming sales people are desperate to make YOU rich?
lol not even 300K views pewdiepie would wipe his bum with this video u think they tryna make money from utube videos? of course they're not if they were they'd be doing minecraft lets plays.
PaiN a lot of money in my opinion is anything that crosses the 1 billion dollar mark. Anything below that is pennies. Just ask Warren Buffet, but I suppose for you commoners a couple grand is alright.
Dear Phill, YES fear holds me back from doing a first investment, but it's much more complex than that. Truth is listening to your podcasts and getting the emails is helping me a lot to push into my first investment. As soon as I have an extra 100€ to start investing, I will be looking for my first company to start with. Thank you Phill and Danielle for all you do 😊
I recently got my first job and awoke to the fact that my pay doesn't reflect who I am as a person so I sought out to change that I don't want to work until I die I want to make money to have more freedom to live so I started looking into investing no i don't care about risk because I'm a risk taker so I'm not afraid i just feel incompetent
To make it even simpler, Buffet would also recommend for the average person to just invest in an index fund with low fees. An example would be VFINX. When buffet buys something he makes sure that it's good enough to hold onto forever. In general, he doesn't sell. The trick is that you just have to make sure that you don't overpay. The stock market has been racing upward and is probably due for a pullback soon.
thank you for this video. I'm 29 and I have money going into retirement but like you said in the beginning I have no one that's taught me how to invest correctly. people say to invest but that's all they say. that's the part that scares me.
I purchased your book Rule #1 and was so excited, but didn't realize I missed the "how to" of finding those numbers, so gave up. Recently discovered Payback Time and purchased it. Started reading but dropped it and picked up Rule #1 walking through it step by step which took me to Yahoo! Money which had changed and which contributed to my not finding the numbers. Got brave and took another look and found tabs I'd missed the first time. I think your advice, which others put down, is wise....educate yourself!!! I will be purchasing Dhandho Investor as soon as I sign off. I'm needless to say excited!!
I actually think this is a great videos. I guess 6.6K people came here and expected to find the magic formulae in 8 min and were disappointed to find that they did not. Knowledge is the foundation. It’s a starting point that cannot go wrong. Thanks for the tip Phil.
Since this video fails to teach anything, I'll just give my own (non financial advice) here. Note that investing is a risk. The more you know, the better, and sometimes it requires a bit of faith that it will follow through. On that note, look at the company's management history. Is the staff and leadership there stable? Is there a lot of/no infighting? Are sales coming in at a stable rate? Is it a name brand? What are the latest news on the name brand? Does the brand distribute directly to the internet? (brands that do distribute directly to the internet are exposed directly to a different culture than those who do not, and due to the immediacy of the internet, act differently, and act/react exponentially quicker than companies that are not. Observe the markets; are they seasonal? If a market is seasonal (say, a clothes line/distributor will make more money during christmas due to sales than it would at any other time of the year), then feel free to risk an investment. Diversify your account. While diversity in real life may not be a good thing, diversifying your investments is quite the opposite; by investing in different companies, such as transit companies, manufacturing, electronics, videogames, or construction companies, you don't stand to immediately collapse the moment the market stops going the way you want it to. Think of it like pillars supporting a beach house; when it floods and one of the pillars collapse, the house may be completely fine or not, depending on how many other support beams that are also supporting the structure. Do not waste your money, and do not spend all at once. Your investments will earn you returns over time that you can either spend, or invest with as well. Do not buy books unless you know what you're buying, as it might not even answer the question you were looking for, the best example being this video. Good luck, whatever. Save your money, earn well. Also if you're investing in gold, order it to be given physically to you; if you're not holding it while the market collapses, your gold may vanish like the money from a bank during a depression. Research into EVERYTHING, as EVERYTHING will effect EVERY stock, one way or another.
The first and maybe the most important thing in investing is to have interest. If you do not have this you will most likely fail longer down the road however if you do have an interest for money and investing you will learn about it naturally. First you might ask people in your surrounding how they invest, second advice could be read a lot regarding the subject you intrested in. You can find loads of information and books by just serching google for the topic you after. Many people just need to find the right attitued in investing. New investors usually think that you have to "gamble" the money however what you must understand is that, yes you can gamble your money "or" you can invest your money in a mature way which you feel comfortable in. For example when buying a stock you should ask yourself a number of questions, 1. What do I know about this company 2. How do the company make their money 3. How is the company ran 4. What's the future of this company 5. How much money is this company valued and what price do it sell for and so on... for the 5th example "valueation" it's tricky and you will make misstakes but even the greatest investors around the world finds it hard to valueate from time to time depending on the current market and the future of the market. If you don't know or to lazy to learn you could always invest in "investing companies" which buissness model is investing in other, hopefully good buissnesses that will generate and make your money grow over time. There are numerous of this kind of coampnies out there for you to look at. And to finish this little advice letter, investing and making your savings grow is a question about time. Most money invested properly will generate more money over "time". So what I'm saying is "time" is one of the most important things in investing your savings. Best of luck Henrik
Let me share this with you, my red days never ceased till I got Robertson MacDonald, my trader, to manage my trades for me. He's made me so much money that I'm able to diversify into real estate investment and now, I've also got one of the best real estate broker, Ethan Collins, doing my sh*t for me. So you see, it's more about being in the right hand than just yourself.
thank you for the advice. i am afraid of investing because i think i do not have the money to begin, or that i may lose the money i worked so hard to save. i want to begin to invest to see my money grow.
Bitcoin is appreciate a very profitable investment to venture into, it involves more than just holding your coin for it to before you start making profit, it’s more about trading your coin and building your portfolio.
It’s very funny that everything revolves around money but no one teaches the other how to make money. Check this out : We go to school in in order to get a degree and come back and start working in any organization in order to make money. Now my problem is why don’t they teach people about money In school? Please I advice everyone reading this to start investing if you haven’t and those that are investors should invest more, you can’t be a millionaire with your pay check.
I’ve put money in places that have made me money, and I’ve put money in places and made deals that were complete losses. Regardless, I’m not going to stop just because things didn’t go right every time. Its life, its entrepreneurship. Next time I’ll just be smarter than I was before. Eventually something good is going to go right and gain is going to outweigh all the other losses.
Definitely the fear of not having enough capital to begin is what stopped me from initially investing. Also the fear of not knowing enough about the market or how to keep up.
People who expect handouts don't deserve to get it 💰. Selfish and lazy lol. I taught myself how to get money now I'm tryna learn how to invest it. Read, watch and keep an eye on the patterns . The internet (social media) is a good place to know what society is up to.
Yes but I got over it. I started investing in my own business and other people businesses. My family has a family run business so I put some money down and I double it. And lesson learn, take like 10% has rental, 90% for reinvestment. Ones you double your money, take half, to invest in something else and let the other half grow and pay you. The 10% can be adjusted to your need. But this adds up quickly and soon it can sustain you
i saw many comments from people angry that they didn't get where to invest 1000$. the advice from the guy is actually very good. i assume that most people that have 1000$ to invest are very inexperienced in financial education. what the guy is telling you is to invest that money in your financial education. financial education is probably the most valuable asset an investo own and fortuantely information nowdays is very cheap but also incredibly valuable. so buy a book that will teach you how to became a good investor. from the few bucs spent on the book you could gain a lot of money wich is a very profitable investment in my opinion.
This dude made this video to get views and make passive income from the views. That's his way of making money or passive income. Here's the answer. Don't bother watching the rest of the video.
Ive tried small investments in phone apps (robinhood, acorns, etc.) But yes, ive been terrified of investing more than $100.00. Thank you for this video. Very informative!
How does this whole bitcoin thing work, I'm interested in it and I'm Willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional
I bought you book in 2006. Rule#1. I loved it but I had some questions about some of the math. I started reading it again because you assigned it for homework. it was just as fascinating as it was when I first started reading it in 2006.I had forgotten how really good the book was. I didn't finish it but plan to continue until I do.
Although I was interested in investing, the lack of knowledge was the biggest factor of holding me back from persuing it. furthermore, the next problem I had to face was finding the people who knew how to do so. I asked around if I can take a course at one point to no avail. it was by chance of talking to people outside my circle that knew things about investments i was able to catch little pieces of their knowledge that I was able to piece together to have an understanding. Later, I started looking things up online because I now knew what questions to now ask: which kinda led me here (thanks to a computer anylizing my Internet information). I believe you are right: to know how to invest your money, you have to know how to play the game.
First time on your channel. Yes, Not really knowing the how-to makes me lose a lot of sleep. So many people out there telling us one thing or the other kinda keeps lots of us on the side lines. My wife is retired and I want to find something to keep her busy. We want to start little also but, the how-to's is what is going to make a difference.
Yes. Absolutely afraid to invest. My parents are farmers so everything is re-invested back into the farm. I was taught to save, pay off debit and NEVER invest in stocks. The stock market is "bad". I am listening to your podcasts every free minute! I feel I have so much to learn in a short period of time. Still, afraid to "play" with the "paper money for fear of making a mistake. Anyways, thanks for the podcasts Phil and Daniel! Look forward to the book!!
Yes! I have not started investing in a business idea I have because of fear. This business is unique and I believe it can be a very successful business. I am not sure what to ask. I guess I just need to conquer my fear of failing.
really enjoyed your video, I'm going to search out those books and swat up. thank you. at this point I am fearful but I have a willingness to continue and take my fear and put it to good use.
Kudos for the video content! Sorry for chiming in, I am interested in your initial thoughts. Have you heard about - Tarbbatigan Millionaires Lecture Tip (google it)? It is a great one of a kind guide for learning how to be successful and adopt the millionaire mindset minus the headache. Ive heard some great things about it and my buddy after many years got excellent results with it.
He answered my question....and yes....I know enough about investing with small amount - there are various options - but spending your time educationing yourself was priceless...but as I said, there are various options....
I wanted to start for years and yes I didn't really start because I was afraid. I had, and still have no idea what I'm doing. Thank you for the book advice. They're going on my Christmas list :)
You have my utmost respect Phil! You’re a down to earth guy who simplifies a complex subject. I just finished the Dhandho Investor and now starting The Education of a Value Investor. Repetition is key for me so I’m sure I’ll read them a couple times. Your books are next.
I started last week with Robin Hood and but 500 and did a lot of research and invested it all in MFA cuz it was on sale like you said thanks! I’m up 100% and bought at .98 cents normal price 7ish and sold at 2 bucks might buy back half and re invest in airlines and oil now
All of the people complaining about how he didn't tell you "how to invest your first $1000" clearly are simple-minded people looking to make a quick buck. He literally told you how to invest $1,000, but because you're looking for a fast and quick solution to success you overlooked the deeply rooted lesson of his message. Also, the video is technically *NOT* called: How to invest your first $1,000. It's called "How to invest: Invest your irst $1,000.
What Phil is telling us is we have to read.....that's right we have to work at it....for all those who did not get their answer.....study....study....study....that is the answer......we have to work at it.....yes work......if we put the time and effort in we will have our reward.....if we don't put the time and effort in we will also have our reward.....which reward do we want......??????
Yes I'm afraid to start investing...#1 because I'm not really sure what I'm doing and need help #2 because I don't have a lot of money to begin investing and don't want to lose it all
the last time I invested, it was a reit mutual fund and the next morning it was worthless, I waited 5 yrs, when it reached my initial investment I cashed it in, which was a mistake should have left it alone and let it build slowly, new investments don't seem to yield much anymore
I am entering a screenwriting competition, which is a bit of a gamble, but if I were to win, I could win upwards to 15 grand and I need to know whether stocks, bonds, cds or any other accounts is the right way to go. I am a novice at saving, and to be quite honest, I am a pretty bad saver and a very good spender. That's where my trepidation is right now
@@Snowflakeluvr68 KNAWLEGE!!! Get some... Tai Lopez SCAM?! EX BUSINESS PARTNER Reveals the TRUTH th-cam.com/video/_u3h-kXCKxk/w-d-xo.html "In my opinion, Tai Lopez is running a scam. He is using ridiculous claims and the symbols of wealth to sell you a program that can’t provide the results he is offering. Tai Lopez is an insurance salesman that purchased some dating sites and is now selling the 67 steps to getting anything you want out of life: wealth, health, love, and happiness. He claims that his success is because of the mentors he has had in his life. In my opinion, few if any multi-millionaire entrepreneurial mentors would recommend working for GE Capital as an issuance salesman as the way to success. I would avoid the Tai Lopez 67 steps scam." Source: Tai Lopez Scam Conclusion ethanvanderbuilt.com/2016/01/13/tai-lopez-scam-yes-opinion/
That has always been my fear, not knowing, some places make it sound like it is hard, also my second fear is not to have enough money and also not to think in a long run.
i definitely hold back. Because number 1... i dont know enough about investing. And number 2 i dont have someone i can trust . someone who will advise me on investments. truthfully, i don't know where to start.
Just turned 18 a couple weeks ago and I've been wanting to invest since I was 16 but yes I was scared of losing money and that fear is stopping me from investing but at some point i might work towards buying some stocks from amazon and Netflix
Yes I've been wanting to start investing for years but always feared I don't have enough money to start or I don't have enough education/information to do it properly. I've recently run across two apps Acorn and Stash, these are investment apps that are supposed to help people like me start investing, do think it's a good way to start investing?
Id love to invest 10,000. Ive taken personal finance but the fear is definitly a factor. honestly i thought you had to pay your personal accountant alot of money just to invest so starting with little money seems pointless. I also saw another vid talking about blue stocks or the compounding interest method.
People who comment that he didnt answer the question are the ones who want instant reward without putting in the work. He answered the question which was to educate yourself. If you have the knowledge then the question is moot. If you have to ask the question then you haven't done your homework and you probably should not invest yet until you have. Dont invest what you can NOT AFFORD to lose. If you give a man a fish he will eat for a day...if you TEACH a man to fish he will eat for a lifetime. Knowledge is power.
I watched the video before reading the comments... I'm at 5:19 through and I stopped because Phil has not started answering the question title yet. Best of luck on the next videos!
Since I was Born, My British Family Have been Putting Money In A Bank Account, What They Did was, My Grandparents lent Money To Different People, And got More Money. Example: Lends 100£, A year Later, Gets 105£ Pounds Back. And Currently I have 3057£ On My Bank Account Saved Up, And I'm Only 12 Years Old so This Video was Very Helpful On How to Invest All the Money I've Saved Up.
No, I haven't feel scared of starting my investments actually, I just need the knowledge on knowing how to go about making the move of investing, because I haven't done it yet
Phil, I just started tuning into your podcast which led me to do some more research and I found your channel. I've been interested in investing for about 4 years now, but I was nervous to put in the small amount of money I did have, so I convinced myself that I had to save more if I wanted to have any chance of getting any real returns. When I finally saved 10k that fear crept back up and I put it off until I could save 20k. I'm now sitting on that savings and listening to your podcast has pushed me towards finally taking a shot at it.
I'm really interested in investing not at the moment, but in 3 years and I want to invest a semi large amount like $100,000. I want to fill up on knowledge before that point comes to.
It not fear. It's not knowing what investing is. No one really sat me down and taught me. But I know I taught myself to hold on to an amount of money but it just sitting there. I want to see what happens if I double it. can I hold it. ect. that is why I want to invest. to learn. Can I do it.
Well, i'm getting annoyed by some comments here. They say this video has teached them nothing. Well technically thats true, but it gave some leads to chase. And everyone who says you have to buy a book. You don't, you find the same information for free, but probably not as intelligible as in the book and probably in pieces. I think it's the same as when you are coding, and come up across a problem, you only find bits and pieces of the solution to it. So it involves a lot if reaading, and a lot of frustration. But if you are commited enough to read enough to connect the pieces, you solve your problem. Some things you learn in hours and some things take days.
I see why not many people are Rich now.... NO ONE WANTS TO PUT IN THE WORK!!!! people want everything simplified, and done for them... You gain knowledge by taking risks, and getting your feet wet... btw, I've subscribed. Great information. :)
The question asked about where I should invest my money other than stocks if I'm starting with a lower amount? And his response was still talking about stocks? He should have thoroughly taking the time to really answer the question and not a blah blah answer.But other than that I agree with the knowledge part make sure you do know your stuff before jumping in but enjoy the video😎
In order to buy and sell stocks, you’ll need a brokerage account, but choosing a brokerage account can seem confusing because you have a lot of options. Let’s take a look at these options: bit.ly/2kTJ5DQ
I don't want to work under anyone. I never have. Sure I'm a great worker under someone, but I believe I'd be better controlling every aspect of a business. I know what my strengths and weaknesses are and I know what I could bring to the market. I am working a low income job currently and I just have no clue on earth where or when or even how to start up. I'm doing research though, wish me luck !
Coke-a-cola uses to be a great stock valued at around 1,200 per share. I knew a girl who bought a share. Each month the stock gained her .25 cents. Nice,huh. BUT the Coke company had to spend .34 cents per month to pay her out for her profit of .25 cents that is a .09 cent lose that the coke company was losing. She told me "it's ridiculous AND it makes absolutely no sense for Coke to mail me a check and lose money doing so.."
Hey. You asked a question, so there is my answer. I just turned 20, I am in college, working on nuclear physics degree. I dont have any money to invest. I mean rly none. Couple months ago, I wondered around mining cryptocurrencies. Set it up and make some minor profits (had fixed electricity price in my apartment, so no issue there). I mined around 200 bugs. Take those and started daily trading (cryptocurrency market is extremly volatile, 10% ups and downs are on daily basis). In first two days, I lost half of my money. NVM. I continued with enhanced strategy. Dont go too high, just 2% profit everyday, that was all I wanted. Since then I quadrupled my 100 bugs and keep going on the same rate. If I can keep this, well, I wonder where it can end up. So, did I thought it is impossible to start with 100 bugs? Yes and I still do. But that wont stop me.
I was so broke when i started investing. Believe it or not i started with $25. What i did was start putting aside $25 every paycheck into a stock broker account. Then when i got to a $100 i bought penny stocks that i knew were devalued because i read everything on the companies i chose for two months and paper traded as well. For four months i did this and then 8 months later ($400 capital) my account was worth $1030. Since then I've continued to invest but mostly educate myself.
How do you pick out your stocks? I read your book and think buying a stock on sale is obviously the best method to use....but how do you find these companies. My knowledge is only so big in the companies I know of and use on a day to day basis. It sounds as if you invest into companies often, yet I have no idea where to even start because every company I see isn’t on sale.
Seems like most people here are looking for a way to make quick money. With that mindset, you will never make money. What Phil is saying, if you are listening, is that you need to learn where your idea of investing originated from. And most people learned about investing from people who do not know how to invest. So how to do you invest $1000 like the title suggest? It is by doing research and gaining knowledge of how the financial market/company works from people who knows how to invest...
sir, you once said that if someone is stepping into the market, they should just manage their funds themselves rather than having someone else do it for them, any advice on how one can do that if they are just starting out?
What about an amount in the middle, say $25,000? Where's a good place to invest that? Stocks don't seem so appealing because return rate is still relatively low (IMO, but I could be wrong). Wondering what your guys' opinions on this are... Thx in advance.
Are you afraid to invest? Do you fear losing money or maybe not having enough to make a real profit? Let me know in the comments! And if you are interested in learning how to invest, check out my Quick Start Guide bit.ly/2aTH6qj
Lol
Phil Town's Rule #1 Investing
Afraid because I don't have enough money to invest but I really wanna get into investing
Winner of a video, I been tryin to find out about "bitcoin mining company" for a while now, and I think this has helped. Ever heard of - Vaneath Crypto Cabotage - (should be on google have a look ) ? Ive heard some interesting things about it and my mate got amazing success with it.
No. Brokerage firms want - $5,000 $10,000, or even $50,000.... etc. It's too much money.
Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.
This video literally told me nothing on investing $1000... You told me to buy a book and learn how to invest $1000.. Thanks bro. 🙏
lmao.
Overnight Productions no one that really know how to invest 1000$ will tell you. because they would be busy doing that themself and wont need your money (buy my books= give mee money)
Overnight Productions word!...lol!
kappelmeister123
Low key you should mentor me on how to invest in stocks
Stocks are like lottery bets. You wont get rich with it
to get rich there are 3 options
1) have a phD university diploma in a field that is well paid
2) lauching a very sucessfull buisness (you sell more than you invest)
3) this is the reason of 70% of world wealth. HERITAGE!
The big house in los angeles that your grandpa bought in 1970...who then lend it to your father who also bought a house in 2003...if you sell those 2 houses. You are MILLIONAIRE
I have challenged myself to put away 50% of my monthly income into dividend stocks which is quite easy since I live frugal at 32 without debt. I work as an account executive, and make over $2000. $1000 goes into dividends, and the other $1000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.
I have seen a lot of investing channels but still can’t wrap my head around it. I need an impartial investment advisor. I know they are there I don’t just know a legit sourced. How can I reach the broker you were assigned?
I have made over $25,000 from profits during the pandemic, more so because I was reinvesting every two weeks. His strategies cuts across major financial markets which cuts across major financial markets which I found generates more profit.
Noud always says no matter how small as long as you investing the right way,
You sure of remunerative results, the secret it to get started.
The trade market can overwhelming as well as mind blowing but a proper approach always puts you o the right track
No man is an island, if I got someone who knows how to, I’ll definitely ask how
Following guidance from a pro is definitely more than necessary,
The hardest thing about investing is the fact everyone is trying to take your money or sell a book. I think its best to educate yourself on one product and start from there. There's way too much misinformation and product placement. Most of the time I read books I already know the answer and the get you from A to B while failing to lead you to C. I wish there was a one stop for knowledge but there isn't.
I like this guy. He should be a politicians. He talks alot by not really actually saying much. He "answers" questions by not answering them. He states the obvious facts or what the viewer already knows. He then advertises a bunch of books to read (a good source of marketing and sales tactic), some written by himself or others that he possibly got paid to advertise for. I gained zero knowledge for watching this almost 8 minute long video. I appologize for sounding rude and thank you very much.
I haven't watched the video, but after reading this I won't watch it at all. Probably the most meaningful comment I've read in months. Thank you.
5alidal He told you where you can go to put time into learning how to invest 1000$. He made his point from the beginning: you aren't asking the right questions(paraphrase), with that said, EDUCATE yourself through these books.
Grammar Nazi what you said is true ,but you got to admit his whole plan was to promote the books .he's a smart marketer😉
Don't apologize. Your'e a saviour.
Grammar My thoughts exactly.
Forex is not magic you are not going to be a millionaire over night but it's a good market to raise your finances at a steady growth. You need a proper understanding or super expert tips could work for you.
Roses are red
Violets are blue
You came for the title
Don't worry I did too
lmao awesome
IamAnder
Roses are red
Violets are blue
Tennis
Roses are Red
Violets are blue
flush the toilet
when you are through.
+Qwick Vids HAHAHAHAHAHA
IamAnder
Roses are red
Violets are blue
Ghanja is green
Microwave
guys. dont waste your time. zero information. he is promoting book. nothing more. dislike
EdBareff did you expect a one sentence solution? Do you believe in fairies? :) most of rich investors read a lot! Warren Buffet reads a book a day! Knowing which books to read to get started with a small investment is very valuable!
Dmitrii Kharlamov yes! #agreeonehundredpercent 👏👏👏👏👏😊
I haven't read a single book about investing since I started and I'm doing just fine lol. But I do read a lot in terms of articles and stuff keeping up with current events. So I guess in essence I am reading books worth of information each year. :-)
If you watch my vlog you will learn a lot! The first step is saving money, second step is opening an account (I use Scottrade) and third step is depositing money and buying your first shares of stock! ;)
Road to the 2 Comma Club just stop spaming and shut up please
The answers are in the book. Buy the book. I have it. Read it. Straightforward. Useful. If you are disciplined and can read then there is no excuse.
Instead of dropping pointless comments why not stop and be thankful that someone like Phil actually took the time to put the ideas contained in "The Intelligent Investor" into everyday language.
"How to waste 7min52s trying to find where and how to invest 1000$ and another 2min typing a comment", is what the title should have been.
Carl Darl you are right man. I even spend more time in reading comment until I find something enough similar to what I would have said to reply to.😏
exactly...
Type faster dummy.
that sounds about right
Carl Darl Thanks for saving my time
Never actually answered the question....
lmao i was thinking the samething! guys like him just run circles never answering the question.
Terence Raymond Hey Terence I have an opportunity that you might be interested in.
I answer a ton of questions in every episode of my vlog, I promise if you watch a few you will learn a lot and won't be disappointed! I'm documenting my path on going from $43k to $1M in my Scottrade account ;)
you actually didn't add any value or gave any information! all you said go buy these books and uncle uncle!
Yes definitely! Recently I changed job which means I can save some money and I want to do something smart with it rather then just opening a saving account. Frankly I just don't know where to begin; what to do!
is not fear that I have, but I really want to play it safe and understand clear the set of rules before I take action in the stock market.
These old videos are absolute gold Phil . Anyone wanting to learn how to invest should start with this channel
Thank you Phil for your book suggestions. My reading list in 2019 : Rule #1, The Dhandho Investor & The Education of the Value Investor. Actionable knowledge is, indeed, Power!
Some folks are upset that he provided no info about how to invest 1,000, but he did. Educate yourself on investing. For those who don't want to spend money on the books can read through Warren Buffet's annual letters for free. But the biggest tip in my opinion is to buy good companies that are undervalued due to some CORRECTABLE event eg Chipotle back when they were have all those food poisoning problems.
A very common way to make a lot of money is selling the way to make money, like making these TH-cam infomercials. People will pay money for this stuff. Do they get rich? Do you really think these oh so charming sales people are desperate to make YOU rich?
Bert Byfield yep, no one is going to tell you how they are making money just for free
Google ad money is good, I hear. The fact that this guy is offering books/letters makes him feel genuine, though.
lol not even 300K views pewdiepie would wipe his bum with this video
u think they tryna make money from utube videos? of course they're not if they were they'd be doing minecraft lets plays.
PaiN a lot of money in my opinion is anything that crosses the 1 billion dollar mark. Anything below that is pennies.
Just ask Warren Buffet, but I suppose for you commoners a couple grand is alright.
PaiNExoTiC
Well now you know, gfu.
Dear Phill, YES fear holds me back from doing a first investment, but it's much more complex than that. Truth is listening to your podcasts and getting the emails is helping me a lot to push into my first investment. As soon as I have an extra 100€ to start investing, I will be looking for my first company to start with. Thank you Phill and Danielle for all you do 😊
I recently got my first job and awoke to the fact that my pay doesn't reflect who I am as a person so I sought out to change that I don't want to work until I die I want to make money to have more freedom to live so I started looking into investing no i don't care about risk because I'm a risk taker so I'm not afraid i just feel incompetent
Every time i see these videos all those suggest reading books
Reading is the key of every thing u want in life
To make it even simpler, Buffet would also recommend for the average person to just invest in an index fund with low fees. An example would be VFINX. When buffet buys something he makes sure that it's good enough to hold onto forever. In general, he doesn't sell. The trick is that you just have to make sure that you don't overpay. The stock market has been racing upward and is probably due for a pullback soon.
im gonna write a book on not giving a shit about money
Giving a shit about money is way different than being greedy. If that's what you mean. If not, stand corrected.
Exile ...i will buy it
thank you for this video. I'm 29 and I have money going into retirement but like you said in the beginning I have no one that's taught me how to invest correctly. people say to invest but that's all they say. that's the part that scares me.
I purchased your book Rule #1 and was so excited, but didn't realize I missed the "how to" of finding those numbers, so gave up. Recently discovered Payback Time and purchased it. Started reading but dropped it and picked up Rule #1 walking through it step by step which took me to Yahoo! Money which had changed and which contributed to my not finding the numbers. Got brave and took another look and found tabs I'd missed the first time. I think your advice, which others put down, is wise....educate yourself!!! I will be purchasing Dhandho Investor as soon as I sign off. I'm needless to say excited!!
I can recommend Peter lynch: one up on wall street, if you haven't read it already!
I actually think this is a great videos. I guess 6.6K people came here and expected to find the magic formulae in 8 min and were disappointed to find that they did not. Knowledge is the foundation. It’s a starting point that cannot go wrong. Thanks for the tip Phil.
I'm 21 with a $1,000 💵 ...I'm start by reading the book
Since this video fails to teach anything, I'll just give my own (non financial advice) here.
Note that investing is a risk. The more you know, the better, and sometimes it requires a bit of faith that it will follow through.
On that note, look at the company's management history. Is the staff and leadership there stable? Is there a lot of/no infighting?
Are sales coming in at a stable rate?
Is it a name brand? What are the latest news on the name brand?
Does the brand distribute directly to the internet? (brands that do distribute directly to the internet are exposed directly to a different culture than those who do not, and due to the immediacy of the internet, act differently, and act/react exponentially quicker than companies that are not.
Observe the markets; are they seasonal? If a market is seasonal (say, a clothes line/distributor will make more money during christmas due to sales than it would at any other time of the year), then feel free to risk an investment.
Diversify your account. While diversity in real life may not be a good thing, diversifying your investments is quite the opposite; by investing in different companies, such as transit companies, manufacturing, electronics, videogames, or construction companies, you don't stand to immediately collapse the moment the market stops going the way you want it to.
Think of it like pillars supporting a beach house; when it floods and one of the pillars collapse, the house may be completely fine or not, depending on how many other support beams that are also supporting the structure.
Do not waste your money, and do not spend all at once. Your investments will earn you returns over time that you can either spend, or invest with as well.
Do not buy books unless you know what you're buying, as it might not even answer the question you were looking for, the best example being this video. Good luck, whatever.
Save your money, earn well.
Also if you're investing in gold, order it to be given physically to you; if you're not holding it while the market collapses, your gold may vanish like the money from a bank during a depression. Research into EVERYTHING, as EVERYTHING will effect EVERY stock, one way or another.
The first and maybe the most important thing in investing is to have interest. If you do not have this you will most likely fail longer down the road however if you do have an interest for money and investing you will learn about it naturally. First you might ask people in your surrounding how they invest, second advice could be read a lot regarding the subject you intrested in. You can find loads of information and books by just serching google for the topic you after.
Many people just need to find the right attitued in investing. New investors usually think that you have to "gamble" the money however what you must understand is that, yes you can gamble your money "or" you can invest your money in a mature way which you feel comfortable in.
For example when buying a stock you should ask yourself a number of questions, 1. What do I know about this company 2. How do the company make their money 3. How is the company ran 4. What's the future of this company 5. How much money is this company valued and what price do it sell for and so on... for the 5th example "valueation" it's tricky and you will make misstakes but even the greatest investors around the world finds it hard to valueate from time to time depending on the current market and the future of the market.
If you don't know or to lazy to learn you could always invest in "investing companies" which buissness model is investing in other, hopefully good buissnesses that will generate and make your money grow over time. There are numerous of this kind of coampnies out there for you to look at.
And to finish this little advice letter, investing and making your savings grow is a question about time. Most money invested properly will generate more money over "time". So what I'm saying is "time" is one of the most important things in investing your savings.
Best of luck
Henrik
Nice content....remember starting out with $945, investment in cryptocurrency. Had a few red days but i came out ok......had a lil help tho
Just started out also with crypto investment and having hell of red days. Any tips on how to stay above the market?
It's always difficult starting out in crypto investment....but can be a wonderful experience when you're in the right hands.
I do my trade myself, do some online studies, try to apply a few online strategies but still end up with red days
Rule no.1: never, ever self-trade. Get yourself a professional trader, an expert in crypto trade and you're sure to be on the right track
Let me share this with you, my red days never ceased till I got Robertson MacDonald, my trader, to manage my trades for me. He's made me so much money that I'm able to diversify into real estate investment and now, I've also got one of the best real estate broker, Ethan Collins, doing my sh*t for me. So you see, it's more about being in the right hand than just yourself.
thank you for the advice. i am afraid of investing because i think i do not have the money to begin, or that i may lose the money i worked so hard to save. i want to begin to invest to see my money grow.
Bitcoin is appreciate a very profitable investment to venture into, it involves more than just holding your coin for it to before you start making profit, it’s more about trading your coin and building your portfolio.
It’s very funny that everything revolves around money but no one teaches the other how to make money.
Check this out :
We go to school in in order to get a degree and come back and start working in any organization in order to make money.
Now my problem is why don’t they teach people about money In school?
Please I advice everyone reading this to start investing if you haven’t and those that are investors should invest more, you can’t be a millionaire with your pay check.
Honestly I don’t comment on this section, But I must say this, people don’t understand that investing is a great opportunity.
I’ve put money in places that have made me money, and I’ve put money in places and made deals that were complete losses. Regardless, I’m not going to stop just because things didn’t go right every time. Its life, its entrepreneurship. Next time I’ll just be smarter than I was before. Eventually something good is going to go right and gain is going to outweigh all the other losses.
Bitcoin trading is a lucrative and profitable investment to venture into, buy low and sell when it goes high..
I want to invest but I’m waiting for the right time to do that
Definitely the fear of not having enough capital to begin is what stopped me from initially investing. Also the fear of not knowing enough about the market or how to keep up.
You don't actually explain how to invest $1000
aggressive investment with lower amount.
People who expect handouts don't deserve to get it 💰. Selfish and lazy lol. I taught myself how to get money now I'm tryna learn how to invest it. Read, watch and keep an eye on the patterns . The internet (social media) is a good place to know what society is up to.
Yes but I got over it. I started investing in my own business and other people businesses. My family has a family run business so I put some money down and I double it. And lesson learn, take like 10% has rental, 90% for reinvestment. Ones you double your money, take half, to invest in something else and let the other half grow and pay you. The 10% can be adjusted to your need. But this adds up quickly and soon it can sustain you
Investing in crypto now is very cool especially with the current rise in the market now
Yes you are right
People are scared of investing because of the high rate of scam in the business
Making them to remain poor out Of ignorance
There are scammers but there are real brokers waiting for investors out there
Here success story is everywhere
i saw many comments from people angry that they didn't get where to invest 1000$. the advice from the guy is actually very good. i assume that most people that have 1000$ to invest are very inexperienced in financial education. what the guy is telling you is to invest that money in your financial education. financial education is probably the most valuable asset an investo own and fortuantely information nowdays is very cheap but also incredibly valuable. so buy a book that will teach you how to became a good investor. from the few bucs spent on the book you could gain a lot of money wich is a very profitable investment in my opinion.
This dude made this video to get views and make passive income from the views. That's his way of making money or passive income. Here's the answer. Don't bother watching the rest of the video.
Ive tried small investments in phone apps (robinhood, acorns, etc.) But yes, ive been terrified of investing more than $100.00. Thank you for this video. Very informative!
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current situation (pandemic).
How does this whole bitcoin thing work, I'm interested in it and I'm Willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional
You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.
Same here it's four months now I started investing with him and it's been a good experience
Alright thanks for the recommendation, but how do I reach them
What do you mean by that you think that's a nice idea 🤔🤷?
sir this is probably my starting point in investing because i wanted to educate myself and i couldn't find how to but now i know
I'd invest $1k in pizza, fried chicken, ramen or a fun international trip.
Less Talk, More Delicious
dont forget to put $700 in for the pot-pot
I bought you book in 2006. Rule#1. I loved it but I had some questions about some of the math. I started reading it again because you assigned it for homework. it was just as fascinating as it was when I first started reading it in 2006.I had forgotten how really good the book was. I didn't finish it but plan to continue until I do.
Although I was interested in investing, the lack of knowledge was the biggest factor of holding me back from persuing it. furthermore, the next problem I had to face was finding the people who knew how to do so. I asked around if I can take a course at one point to no avail. it was by chance of talking to people outside my circle that knew things about investments i was able to catch little pieces of their knowledge that I was able to piece together to have an understanding. Later, I started looking things up online because I now knew what questions to now ask: which kinda led me here (thanks to a computer anylizing my Internet information). I believe you are right: to know how to invest your money, you have to know how to play the game.
also, the more information I gained; the more interested and the more motivate I wanted to invest.
First time on your channel. Yes, Not really knowing the how-to makes me lose a lot of sleep. So many people out there telling us one thing or the other kinda keeps lots of us on the side lines. My wife is retired and I want to find something to keep her busy. We want to start little also but, the how-to's is what is going to make a difference.
Eureka! Let me get this straight...BUY LOW AND SELL HIGH...lmao
Mega Star
Yes. Absolutely afraid to invest. My parents are farmers so everything is re-invested back into the farm. I was taught to save, pay off debit and NEVER invest in stocks. The stock market is "bad". I am listening to your podcasts every free minute! I feel I have so much to learn in a short period of time. Still, afraid to "play" with the "paper money for fear of making a mistake. Anyways, thanks for the podcasts Phil and Daniel! Look forward to the book!!
Yes! I have not started investing in a business idea I have because of fear. This business is unique and I believe it can be a very successful business. I am not sure what to ask. I guess I just need to conquer my fear of failing.
really enjoyed your video, I'm going to search out those books and swat up. thank you. at this point I am fearful but I have a willingness to continue and take my fear and put it to good use.
Kudos for the video content! Sorry for chiming in, I am interested in your initial thoughts. Have you heard about - Tarbbatigan Millionaires Lecture Tip (google it)? It is a great one of a kind guide for learning how to be successful and adopt the millionaire mindset minus the headache. Ive heard some great things about it and my buddy after many years got excellent results with it.
He answered my question....and yes....I know enough about investing with small amount - there are various options - but spending your time educationing yourself was priceless...but as I said, there are various options....
I wanted to start for years and yes I didn't really start because I was afraid. I had, and still have no idea what I'm doing. Thank you for the book advice. They're going on my Christmas list :)
You have my utmost respect Phil! You’re a down to earth guy who simplifies a complex subject. I just finished the Dhandho Investor and now starting The Education of a Value Investor. Repetition is key for me so I’m sure I’ll read them a couple times. Your books are next.
I started last week with Robin Hood and but 500 and did a lot of research and invested it all in MFA cuz it was on sale like you said thanks! I’m up 100% and bought at .98 cents normal price 7ish and sold at 2 bucks might buy back half and re invest in airlines and oil now
im 26 and am looking into advancing my knowledge in this topic. Thank you for having videos like this with recommended reading material .
All of the people complaining about how he didn't tell you "how to invest your first $1000" clearly are simple-minded people looking to make a quick buck. He literally told you how to invest $1,000, but because you're looking for a fast and quick solution to success you overlooked the deeply rooted lesson of his message.
Also, the video is technically *NOT* called: How to invest your first $1,000. It's called "How to invest: Invest your irst $1,000.
What Phil is telling us is we have to read.....that's right we have to work at it....for all those who did not get their answer.....study....study....study....that is the answer......we have to work at it.....yes work......if we put the time and effort in we will have our reward.....if we don't put the time and effort in we will also have our reward.....which reward do we want......??????
invest eh. only invest in divided paying stocks and 2nd real estate.
Yes I'm afraid to start investing...#1 because I'm not really sure what I'm doing and need help #2 because I don't have a lot of money to begin investing and don't want to lose it all
like waste of time video
the last time I invested, it was a reit mutual fund and the next morning it was worthless, I waited 5 yrs, when it reached my initial investment I cashed it in, which was a mistake should have left it alone and let it build slowly, new investments don't seem to yield much anymore
I am entering a screenwriting competition, which is a bit of a gamble, but if I were to win, I could win upwards to 15 grand and I need to know whether stocks, bonds, cds or any other accounts is the right way to go. I am a novice at saving, and to be quite honest, I am a pretty bad saver and a very good spender. That's where my trepidation is right now
"Its not about the money; it's about the knowledge"
What are people expecting from a 7 minute video? That one line is some mad wisdom alone
Buy bitcoin.
Haha thats how you get fucked
Solsist Roblox I disagree. It is a very promising investment
Anukiv and its back to 10000
The problems for most (including me) is the fast pace and xou beed to do way more ta then on stocks etc
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this is without a doubt the best video I have seen by far about investing
That has always been my fear, not knowing, some places make it sound like it is hard, also my second fear is not to have enough money and also not to think in a long run.
i definitely hold back. Because number 1... i dont know enough about investing. And number 2 i dont have someone i can trust . someone who will advise me on investments. truthfully, i don't know where to start.
Just turned 18 a couple weeks ago and I've been wanting to invest since I was 16 but yes I was scared of losing money and that fear is stopping me from investing but at some point i might work towards buying some stocks from amazon and Netflix
Yes I've been wanting to start investing for years but always feared I don't have enough money to start or I don't have enough education/information to do it properly. I've recently run across two apps Acorn and Stash, these are investment apps that are supposed to help people like me start investing, do think it's a good way to start investing?
Id love to invest 10,000. Ive taken personal finance but the fear is definitly a factor. honestly i thought you had to pay your personal accountant alot of money just to invest so starting with little money seems pointless. I also saw another vid talking about blue stocks or the compounding interest method.
People who comment that he didnt answer the question are the ones who want instant reward without putting in the work. He answered the question which was to educate yourself. If you have the knowledge then the question is moot. If you have to ask the question then you haven't done your homework and you probably should not invest yet until you have. Dont invest what you can NOT AFFORD to lose. If you give a man a fish he will eat for a day...if you TEACH a man to fish he will eat for a lifetime. Knowledge is power.
I watched the video before reading the comments... I'm at 5:19 through and I stopped because Phil has not started answering the question title yet. Best of luck on the next videos!
Since I was Born, My British Family Have been Putting Money In A Bank Account, What They Did was, My Grandparents lent Money To Different People, And got More Money. Example: Lends 100£, A year Later, Gets 105£ Pounds Back.
And Currently I have 3057£ On My Bank Account Saved Up, And I'm Only 12 Years Old so This Video was Very Helpful On How to Invest All the Money I've Saved Up.
No, I haven't feel scared of starting my investments actually, I just need the knowledge on knowing how to go about making the move of investing, because I haven't done it yet
Phil,
I just started tuning into your podcast which led me to do some more research and I found your channel. I've been interested in investing for about 4 years now, but I was nervous to put in the small amount of money I did have, so I convinced myself that I had to save more if I wanted to have any chance of getting any real returns. When I finally saved 10k that fear crept back up and I put it off until I could save 20k. I'm now sitting on that savings and listening to your podcast has pushed me towards finally taking a shot at it.
Invest in an ETF with a dividend. That's the easiest thing to do. Put more money in before each Quarterly earnings results. 💵
I'm really interested in investing not at the moment, but in 3 years and I want to invest a semi large amount like $100,000. I want to fill up on knowledge before that point comes to.
It not fear. It's not knowing what investing is. No one really sat me down and taught me. But I know I taught myself to hold on to an amount of money but it just sitting there. I want to see what happens if I double it. can I hold it. ect. that is why I want to invest. to learn. Can I do it.
Just now getting around to watching your videos. This was much better than I expected.
It is not how little money you have for investing, it is how you get yourself to learn and capable to invest.
Well, i'm getting annoyed by some comments here. They say this video has teached them nothing. Well technically thats true, but it gave some leads to chase. And everyone who says you have to buy a book. You don't, you find the same information for free, but probably not as intelligible as in the book and probably in pieces.
I think it's the same as when you are coding, and come up across a problem, you only find bits and pieces of the solution to it. So it involves a lot if reaading, and a lot of frustration. But if you are commited enough to read enough to connect the pieces, you solve your problem. Some things you learn in hours and some things take days.
No practical way of investing that I could take action on, but I appreciate the books you be suggested to read!
So if I want to be an investor what should I study ?
I see why not many people are Rich now.... NO ONE WANTS TO PUT IN THE WORK!!!! people want everything simplified, and done for them... You gain knowledge by taking risks, and getting your feet wet... btw, I've subscribed. Great information. :)
silver or mining shares look great here. but mining shares are more volatile so you need a lot of nerves for they could be a dollar coaster
The question asked about where I should invest my money other than stocks if I'm starting with a lower amount? And his response was still talking about stocks? He should have thoroughly taking the time to really answer the question and not a blah blah answer.But other than that I agree with the knowledge part make sure you do know your stuff before jumping in but enjoy the video😎
So I’m 34 and Only have a IRA. What should I invest in first??
Once you know the business you want to buy, how actually to buy it? Any broker to do that?
In order to buy and sell stocks, you’ll need a brokerage account, but choosing a brokerage account can seem confusing because you have a lot of options. Let’s take a look at these options: bit.ly/2kTJ5DQ
I have a massive amount of knowledge on RE but have never invested.
I don't want to work under anyone. I never have. Sure I'm a great worker under someone, but I believe I'd be better controlling every aspect of a business. I know what my strengths and weaknesses are and I know what I could bring to the market. I am working a low income job currently and I just have no clue on earth where or when or even how to start up. I'm doing research though, wish me luck !
Coke-a-cola uses to be a great stock valued at around 1,200 per share. I knew a girl who bought a share. Each month the stock gained her .25 cents. Nice,huh. BUT the Coke company had to spend .34 cents per month to pay her out for her profit of .25 cents that is a .09 cent lose that the coke company was losing. She told me "it's ridiculous AND it makes absolutely no sense for Coke to mail me a check and lose money doing so.."
Hey. You asked a question, so there is my answer. I just turned 20, I am in college, working on nuclear physics degree. I dont have any money to invest. I mean rly none. Couple months ago, I wondered around mining cryptocurrencies. Set it up and make some minor profits (had fixed electricity price in my apartment, so no issue there). I mined around 200 bugs. Take those and started daily trading (cryptocurrency market is extremly volatile, 10% ups and downs are on daily basis). In first two days, I lost half of my money. NVM. I continued with enhanced strategy. Dont go too high, just 2% profit everyday, that was all I wanted. Since then I quadrupled my 100 bugs and keep going on the same rate. If I can keep this, well, I wonder where it can end up.
So, did I thought it is impossible to start with 100 bugs? Yes and I still do. But that wont stop me.
I was so broke when i started investing. Believe it or not i started with $25. What i did was start putting aside $25 every paycheck into a stock broker account. Then when i got to a $100 i bought penny stocks that i knew were devalued because i read everything on the companies i chose for two months and paper traded as well. For four months i did this and then 8 months later ($400 capital) my account was worth $1030. Since then I've continued to invest but mostly educate myself.
How do you pick out your stocks? I read your book and think buying a stock on sale is obviously the best method to use....but how do you find these companies. My knowledge is only so big in the companies I know of and use on a day to day basis. It sounds as if you invest into companies often, yet I have no idea where to even start because every company I see isn’t on sale.
Seems like most people here are looking for a way to make quick money. With that mindset, you will never make money. What Phil is saying, if you are listening, is that you need to learn where your idea of investing originated from. And most people learned about investing from people who do not know how to invest. So how to do you invest $1000 like the title suggest? It is by doing research and gaining knowledge of how the financial market/company works from people who knows how to invest...
sir, you once said that if someone is stepping into the market, they should just manage their funds themselves rather than having someone else do it for them,
any advice on how one can do that if they are just starting out?
What about an amount in the middle, say $25,000? Where's a good place to invest that?
Stocks don't seem so appealing because return rate is still relatively low (IMO, but I could be wrong). Wondering what your guys' opinions on this are... Thx in advance.
Fear of losing money - yes. But then when I try with betterment or plus500 they say to wait until I’m 18.