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My five personal investing goals for 2018 last week i made a list of kind of my personal investing goals guys and i want to share those with you here today so you kind of know what my personal investing goals are now i think it’s important that no matter what you’re trying to do in life you always set goals okay so i said income goals for myself as far as like
Youtube i like or sales book sales like i said all those kind of goals too but i also set all investing goals as well that i then i try to reach and whatnot i think of both setting is something big time and i think is something that has helped me kind of realize well how to take things to the next level okay and kind of keep you on the right path if you don’t set
Goals how do you know where your goal posts are you know what i mean it’s just kind of like you’re winging it out there so i set these goals going into each year and i try to meet and exceed them now with investing goals there’s two things you got to understand one is i want to try to set them very realistic okay my income more my more income related goals sometimes
I’ll set those really high like i still possible but i like to really push those ones out there investing i just don’t want to push those ones too far out there i don’t want it to to be too high as far as investing goes i want to really set realistic goals with investing because a lot of stuff can happen guys a lot of stuff can come up that you never foresaw okay
And the next thing is i don’t stress over these goals okay so if one of these isn’t met it’s not like i’m like super stressing because in investing you could only control so much you can put yourself in the best position and make money on particular stocks right but at the same time management can make a lot of mistakes and cost you a lot of money also management
Can make a lot of great moves and you can exceed and if every expectation you ever thought possible for that company i’ve been in a lot of companies that just hit the ball of the park way better than i was ever expecting and i’m making a lot some more money and at the same time i’ve been in a while really just one particular company that mismanaged a thing after
Thing right and it hurt me very badly so so i don’t stress over it guys cuz it’s just not worth if i don’t hit one of these goals i don’t hit one of these goals it’s somewhat out of my control i put myself in the best position to make money and if it doesn’t happen it doesn’t happen so let’s get into these guys the first one the first one i have is i want to make
At least 30 to 60 k from stocks that are sold okay stocks that are sold meaning i had a big profit on this stock when i sell it i make a you know big profit once again so i want to have a thirty thousand dollars up to sixty thousand dollars in profit okay that’s the goal number one firm stock sold my second one is to have paper profits of at least fifty thousand
Dollars okay so even if those other stocks are sold and what and i still want to have at least paper profits of fifty thousand dollars a paper profit basically means you’re up on a position so much so you’re in the positive on that okay doesn’t mean you’ve made money yet you don’t make money on the stock until you actually sell it okay let’s keep that in mind like
You could be up huge on position and then the stock crash is the next thing you know you’re down this is paper profits of at least fifty thousand for my second one okay so so that’s what i mean that’s what i’m aiming for there and that’s even if i sell a bunch of stocks i still want to have paper profits of fifty thousand the next one and this one’s a big one i’ve
Never added this one to an investing list before this is brand new one i don’t want to go negative more than twenty percent on a possession okay obviously with coming off of last year in the gopro disaster right i don’t ever want to go more negative twenty percent of position again okay i am i’m fine with this stock dropping like i actually welcome it like there’s
A lot of stocks that hold right now that i would like to actually drop okay for instance i cirrus logic like i just started investing that one a couple months ago i really want that one to drop into the 40s right but at the same time you know i don’t want any stocks to go down over 20 percent guys like that’s just that’s too much pain it’s too much it’s too much
Disbelief in the market at that point if you dive stock you’re holding goes down over 20 percent there’s just way too much disbelief in the market at that point so i don’t want any of my positions to go down over 20 percent let’s just put it that way the next one is i want to make at least ten thousand dollars from options okay at least ten thousand dollars from
Options this would it be absolutely massive for me okay this would be absolutely massive i’ve never made ten thousand dollars in a year from options however this is my third real year of getting into options and i think this is a year that’s really going to take off for me as far as options go because i just understand options so well now three years ago was kind
Of my year of looking into options two years ago was my cutting getting my feet wet last year was my first real year where i was going heavy with the different option strategies and whatnot and this year i think is a year when all that work for the last three years really starts to pay off in a big way guys so i’m going for $10,000 in profit from options let’s hope
It happens and the last one here is i want to get my smaller basically in my stock market membership group i have at a public accountant i do all public trades in that account and whatnot right now i have somewhere around five thousand dollars in that account i want to build that one up to ten thousand dollars now i’m gonna deposit another five thousand to get it
Up to ten thousand and then from there i just want to keep building and building that group so everybody and the membership kind of can see a small a small account get built basically that’s why i started with ten are gonna be putting another 5,000 get up to 10,000 and build it from there so everybody in that group can kind of see this is what a live trading account
Looks like as you build it up over the course of months and years and that group guys so those are my five investing goals for 2018 let me know what your guys investing goals are for 2018 i would love to hear from you guys everybody’s at different levels everybody’s doing different things everybody’s got different goals so but i love hearing everybody’s opinion out
There and what your next thing is going you’re going for i remember them when it was times you know eight nine years ago when my investing goal was to make you know $1,000 in profit a year you know things just changes you the numbers get bigger and whatnot but the strategies kind of still stay the same so anyways hope you guys enjoyed this thank you for watching and have a great day you
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My 5 Investing Goals 2018! By Financial Education
