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There are three huge keys that every investor needs to take to have a maximum level of confidence when you are making an investment in the stock market if you implement these three keys i’m going to share with you guys today you will begin to have a lot of confidence when you go to make an investment i cannot wait to share this with you guys today good day subscribers
Thank you so much for joining me today i am jeremy this is a financial education channel and today we’re talking about investor confidence the three biggest keys that you can implement in your investing style that will help you have a lot of confidence in stocks and when you invest in the stock market so if your stock goes down or something bad happens or something
You’re gonna have confidence i’m gonna share with you guys these three cheese there’s something i learned very on very early on that i had to implement and if i didn’t implement them i would not have the confidence i have today a lot of people ask me all the time jeremy how do you have so much confidence when you go to make an investment you seem so confident so
Sure of it is because i do these three things your key number one it needs to be your decision what do i mean by that what i mean by your decision when you go to buy that stock or you go to short sell a stock or whatever it needs to be your decision one hundred percent it can’t be all you know my dad or my mom you know they said i should buy that stuff or can’t be
All my friend said this or hey i saw on tv that you know this guy was saying oh and you need to buy the stock so i bought it or can’t be old jeremy says he’s buying those stocks so i need to buy them no no no it needs to be your decision at the end of the day you need to be that confident in that company or whatever you’re doing is far as investing that it’s your
Decision and it’s your choice to invest your money in whatever you’re investing it in so you have to be sure that you have to be has to be your decision at the end of the day it has to be because you wanted to do it because you thought it was a great idea so that is the number one key and that overrides everything because if it wasn’t you that made the decision
As far as it wasn’t you that had the hundred percent confidence and i company or whatnot what happens when that stock goes down a bit your might just be tempted to sell it right there because you’re like oh crap you know they probably didn’t know what they were talking about all my friend what does he know anyways now i’ve lost ten percent of my money what does
He know or she know or you know so if you didn’t have that confidence what are you going to stick with it you just heard it from somebody else so that way that’s why it needs to be your decision every single time and you need to be a hundred percent confident in it key number two it is knowing the industry very well in understanding the stock you’re investing in
Extremely well so what do i mean by that whatever industry that stock is in you need to understand that industry very well so if it’s an electronic stock and that’s the one you want invest in you need to understand the electronics industry very well you need to know all the players in that industry industry needs to know who’s got the competitive advantage who has
Advantage over this guy and that guy who’s got exciting things coming out over the next year all those things you need to have a very very high level of intelligence about that particular industry there are some industries i don’t invest in because i just don’t know how to tell who’s going to be the better one for instance the oil and gas industry i almost never
Invest in oil and gas companies because i don’t know how a chevron has a competitive advantage over exxon or vice versa or how bp has advantage over royal dutch shell i don’t know there’s no way i just don’t know the industry well enough that i can say oh this guy they got they got the competition beat they’re gonna do it in this and that i don’t know same thing
With the banking sector i don’t know if wells fargo is gonna do much better than bank of america or chase is gonna do better than goldman sachs it’s just in for me i just don’t know that industry better well it off i don’t know the industry well enough and there’s nothing wrong with that there’s so many other industries to invest in my specialty i can tell you is
Electrons take companies its retail and its food related companies those are my three specialties i might go in some other industries but those are the three main ones that i generally stick with because i feel like i have a very keen understanding of those industries and then it’s about knowing the stock the other part of step number two is knowing that stock in
And out so you need to understand what that company is doing for marketing what that company’s new products and services are coming how much revenue do they get from current products or current services versus another product or another service how much mark teixeira to have next to the competitors you need to understand that stock inside and out who’s the ceo how
Long they’ve been there did they fell in the company or did they just you know rise the ranks and now there’s ceo what’s the board of directors looking like you need to understand all that stuff you need to understand it all you need to know it all and once you know it all that will give you a much deeper sense of understanding so so far we talked about the key
Number one which is you making this decision step number two is you fully understanding the industry and fully understanding that stock in everything that pertains in it you do those two you’re already going to have in extreme an extreme amount of confidence step number three this is a big one you have to have been keeping track of that company for i would say at
Least many weeks if not many months prior to making that investment so you’ve had to be keeping track of what’s been going on with the stock price what’s been going on with the news related that stock have they released new products or services you need to have been tracking it for a good amount of time it can’t just be a stock you came across a week ago or three
Days ago or something ridiculous like that no no you need to have been tracking this for a while and understanding as company more and more because it takes time no one can just learn a stock inside and out in one day or a week or whatever i’ve tried and it’s impossible so you need to have been keeping track of it and while you are invested in it you need to keep
Track of it constantly does it necessary you need to pay attention to stock price every single day but you need to understand anytime news comes out anytime quarterly reports come out how the business is looking like what are the competitors doing you need to not just put the money in that stock and say okay that’s it you know i got the money in that stock we’ll
See how it turns out in a few years no you need to constantly pay attention of all the different factors that are moving all the different moving factors what that company is doing what the competitor is doing all those kinds of things what is the news story on it do they have some lawsuit that just came out you need to pay attention to all that and you need to
Pay attention to stock price every now and then to see hey maybe if the stock price shot up a ton and maybe it’s time to sell at that point or maybe the stock price is down a ton and maybe it’s time to invest more or maybe you just made a bad decision so you need to keep track of it before you make that investment and while you invest it that entire time the entire
Time you need to be paying attention everything so you do all three of those keys i just talked about and i believe me you will begin to have a extreme amount of confidence when you go to make an investment it won’t just be like feeling like you’re throwing money at something you’ll feel like you’re making a very intelligent wise decision that you know is going to
Work out and if it doesn’t work out then that’s like one in a thousand times a freak situation happening there it didn’t work out you know that company so well you know the industry so well you know everything about everything with that company that you when you go in to make that investment you were like no question in your mind this is going to be a success that’s
The way i go into every investment if it’s not like this is a done you know for sure thing that i don’t even invest in it but that doesn’t necessarily mean every stock i’ve ever invested in was a sure thing most of them were absolutely but doesn’t mean every single one was so but you’ve got to have that feeling you got to have that confidence inside so implement
These three guys and your confidence will go through the roof when making investments thank you so much for watching today guys if you’re watching this you haven’t subscribed you may want to talk ton about personal finance talk a ton about business and we also talked a lot about the stock market on this channel thank you for watching and have a great day you you
Transcribed from video
The 3 Keys to Stock Market Investing with Confidence! By Financial Education
