The 7 Money Traps That Keep You Poor

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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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 don’t know everything, the more likely you are to make money.

Impatience ends up leading to impulsive, short sighted decisions, it implies that you know how to best time the market – and it reinforces that it’s 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.

The point where people get in trouble is when they BORROW TOO MUCH, and don’t 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.

When you jump into an investment because someone else gave you a tip, or because you trust what they’re dong…you’re 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: “here you go, make me money” – then go for it. But, if you wouldn’t trust that person to have the passwords to your accounts…you shouldn’t follow what they do.

This means your whole portfolio isn’t JUST cryptocurrency, or JUST real estate, or JUST a few individual stocks…but, instead, you spread your money through as many different options as possible.

That’s because, over time, you lose money two ways: ONE, inflation lowers the relative value of your money by 1-3% per year…OR, you miss out on the profit you OTHERWISE would have made if you kept your money invested. Instead, analyze how much you’d need in order to pay your bills for 6 months, assuming ALL of your income went to $0…keep THAT amount in cash, plus whatever else you absolutely need to sleep well at night…and then, ideally from there, invest the rest of the money.

My rule of thumb is this: if nothing has fundamentally changed about your investment besides it being down…don’t sell it. ONLY sell an investment if the REASON you bought it has changed, and you no longer believe in the long term outlook….otherwise, HODL.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at

*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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  1. 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.

  2. 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.

  3. Never never never bet on money you can’t afford to lose. The stock market is a betting game — but do it responsibility. Don’t 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.

  4. 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.

  5. " 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. "

    –Henry Ford

  6. 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.

  7. 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.

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