These are the WORST Stock Market Investing Money Traps to avoid, and the best investing strategies to learn that will help make you the most money long term – Enjoy! Add me on Instagram: GPStephan
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FIRST: GETTING OVERLY CONFIDENT.
Once you start getting OVERLY CONFIDENT about your ability as an investor, you begin losing your edge. It becomes easier to overlook issues, ignore the fundamentals, and otherwise – invest without regard to the risks. I think that LITTLE BIT of humility will go a LONG WAY for EVERY INVESTOR – and, usually – the more you realize that you donโt know everything, the more likely you are to make money.
SECOND: GETTING IMPATIENT.
Impatience ends up leading to impulsive, short sighted decisions, it implies that you know how to best time the market – and it reinforces that itโs OKAY to sell once you get bored with a company for not constantly going up. The reality is, PATIENCE is one of the best qualities that you can have in not only investing, but also – LIFE.
THIRD: DO NOT TO OVER-LEVERAGE.
The point where people get in trouble is when they BORROW TOO MUCH, and donโt have enough to cover themselves in the event of a market downturn. Even though it will HELP you earn more money when everything is going up – it will take MORE FROM YOU when everything is going down, and that deserves preparing for.
FOURTH: DO NOT BLINDLY INVEST
When you jump into an investment because someone else gave you a tip, or because you trust what theyโre dongโฆyouโre making an uneducated decision to basically trust that other person with your money, when they have absolutely NOTHING at risk for being wrong. If you feel COMFORTABLE handing someone else your money and telling them: โhere you go, make me moneyโ – then go for it. But, if you wouldnโt trust that person to have the passwords to your accountsโฆyou shouldnโt follow what they do.
FIFTH: IT HELPS TO DIVERSIFY
This means your whole portfolio isnโt JUST cryptocurrency, or JUST real estate, or JUST a few individual stocksโฆbut, instead, you spread your money through as many different options as possible.
SIXTH: DON’T KEEP TOO MUCH CASH ON HAND
Thatโs because, over time, you lose money two ways: ONE, inflation lowers the relative value of your money by 1-3% per yearโฆOR, you miss out on the profit you OTHERWISE would have made if you kept your money invested. Instead, analyze how much youโd need in order to pay your bills for 6 months, assuming ALL of your income went to $0โฆkeep THAT amount in cash, plus whatever else you absolutely need to sleep well at nightโฆand then, ideally from there, invest the rest of the money.
SEVENTH: DON’T PANIC SELL
My rule of thumb is this: if nothing has fundamentally changed about your investment besides it being downโฆdonโt sell it. ONLY sell an investment if the REASON you bought it has changed, and you no longer believe in the long term outlookโฆ.otherwise, HODL.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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JESUS CHRIST LOVES YOU AND CARES FOR YOU HAVE A GOOD DAY EVERYONE
I'm curious about the 1-3% a year inflation. So many things I see now are 200-400% the price from even 20yrs ago. How does that even out?
3:29 RIP Dogecoin
should i sell the free stocks i've received if they're decent?
I have a hypothesis that Zynga and other mobile gaming companies are going into see a surge in gains as mobile gaming becomes more popular.
It's funny how the markets mess with our heads. I KNOW what NOT to do when the markets are tanking, or when they're going through the roof, but I can feel the pull to do something stupid. It's something I actively have to fight. I think 9/10 times the best action is to do nothing. He's right, patience is so important when it comes to investing. Formulate a solid strategy, and stick with it, no matter what.
๐ญ๐ญ I bought in above $300 ๐ญ๐ญ last time I invest blindly
Need a tl/dr list in the comments
If you're gonna buy options. Don't buy weeklies.
That Dave Ramsey bit was lol
Never never never bet on money you canโt afford to lose. The stock market is a betting game โ but do it responsibility. Donโt put all your eggs in one basket. Have the money to cover your debts if you need to. This advice you gave is exactly what my grandfather used to tell me decades ago. It is still valid advice. Nice job.
If heโs still in Iโm still in
Whats up Graham, its guys here.
Would love to hear your opinion on where to keep money when saving up for another investment property.
bruh these are literally beginners tipps
Okay hear me out. WE NEED AN UPDATE ON THE MONKEY๐ต
Love it ๐๐ป
Tom cruises annoying little brother
I'm of the opinion that you should have two pools of capital: "aspirational" and "retirement" capital. The retirement capital should be invested in index funds and target date funds and should be the larger of the two (at least to start). The aspirational pool is for riskier plays.
Warren buffett says " if you dont find a way to make money while you sleep you will have to work hard untill you die"
Bought some cruse stocks when they were on โsaleโ now I have 84% return.
" If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. "
โHenry Ford
The willing dashboard suddenly kneel because result conspicuously squeeze following a important fork. descriptive, piquant maria
Smash the like button, โ๏ธ up there & down here ๐, go on ….. smash it ….. Hard…. Harder…. On 2nd thought use a hammer ๐จ๐จ.
TIME IN the market beats TIMING the market, always adhered to that!
6:09 name of the meme?
I have to ask, is investing your money in say Fundrise for real estate a good option if you are not able to buy it right now?
Intro idea: What's up guys, Graham here, if you could, launch a cryptocurrency and name it Graham Stephan, then infiltrate Tesla and then pitch the currency to Mr.Musk so he post about it on Twitter which really would help spread the good word for my channel.
I have a feeling that you watch Majorkill
Video starts at 1:34 !!!!!!!!!!!!
I love the new name title on the desk. Sir
If you sell and make some money, do you send in a check to the IRS right away for taxes? I have gotten an unpleasant surprise of owning the IRS a lot of interest plus the additional taxes at the end of year. The taxes were Okay, but not paying interest too.