Link to join StockHub free investing discord server: –~–
There are five big mistakes that so many beginners in a stock market make today i’m going to share with you guys what those mistakes are in how you can avoid them 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 the financial education channel and today we’re talking about the five
Biggest mistakes that i see so many beginners in the stock market make when you’re just first dipping your toe in the stock market and you’re starting to invest i see these mistakes made all the time based upon comments i see in the channel section based upon what i’ve seen friends and family do things like that so i’m going to share those five with you first just
Some housekeeping just so you guys know now i am going to start publishing all videos i’m generally going to do seven videos a week one each day and i’m gonna start publishing them at 10 a.m. on eastern time 7 a.m. on california time now it’s possible i still could do some night uploads every once in a while things like that but i’m going to try to at least like
95% of time stick to that time schedule just so you guys know exactly when these videos are coming out and also if you haven’t followed on twitter yet the twitter kind of started about a week or two ago i’m now posting a picture a screenshot basically of what video i’m doing so if you’re following me on there you can actually see the video before it even comes out
The next day you’ll see it the night before and whatnot just a thing and i will be more active on twitter as the the follower count builds and those kinds of things and you guys come online so these 5 biggest mistakes mistake number one is thinking it’s easy so many people just get caught up in the stock market and see oh that stock went up 10% or that stock did
Good today man this is got to be so easy to make money in the stock market no it is not easy it is certainly not easy to make a lot of money in the stock market maybe to get the same gains as a stock market goes up if you just want to get 8% a year on average you can just throw money in a market market fund account or something like that or a general index fund and
Then you can just do as good or bad as the stock market does a chair that’s pretty easy yeah but if you want to try to get 20% a year 30% 40% those type of high gains then you really really really need to understand it’s hard work it takes a lot of work you have to be willing to read through 10 ks 10 q’s which are long reports you need to find out recent news on
These companies you need to look at all the financials and dig deep you need to find out about the cia ceo cfo so how reliable are they what’s their track record with the company you need to find out all this information and the i guess this i would say the hardest part of that it would be okay if you just found that on one company but the fact is you’re going to
Need a sift through 50 a hundred companies plus before you finally find a really good one that you want to invest in now some might get kicked out right off the bat because you just see it and it’s like oh man i that’s nothing i won’t touch so that way you don’t even look forward to but you’re going to still look super deep into a ton of companies and then find out
You don’t even want to invest in that one so it’s a lot of work guys i cannot tell you how many hours i’ve spent over the course of my investing career reading through 10 k after 10 k after 10 q and looking at all the news for this company and i decide you know what i’m not going best in that one o do the same thing next night not going to invest in that one same
Thing next night and then finally i come across a company i really like a lot and i actually stick my money into so understand it’s a lot of work if you want to get these great games number 2 listening too much to others so in the stock market it’s really important that when you research something and you really believe in a company you listen to yourself first
And foremost on that investment and if that investment is a good idea if you listen to too much from the media like cnbc and bloomberg and other places you might end up making a bad choice even if you listen to me like say i break down these stocks every week and i might start doing it twice a week for instance i broke down netflix a couple weeks ago right i said
It wasn’t a buy i said it was not a stock for me it’s not something i would invest in netflix still went up 20 percent the next week it would so the bottom line is if you were say invest in netflix and then you saw my video and you said all jeremy he wouldn’t invest in that so i’ve been invest in netflix you sold it there was a really bad decision on your part so
You cannot listen to too much to others i cannot tell you guys how many times in my investing career that the media and everybody was saying you know that stocks horrible you should invest in that blah blah blah and i believed in myself and i believe that was the right investment decision and then guess what i had a great gain on that stock all because i listened
To myself and i didn’t listen to them and also a lot of times on these channels they’ll suggest a stock you know on cable and whatnot those are just a stock and that stock ends up going down massively over time so in this includes also analyst sometimes analysts are so far wrong with the stock they’ll have a buy rating and that stock will just be going down and
Down and down and then they wait to bring their celebrating until that stocks already bottomed out and at that point it’s already going back higher so first and foremost trust yourself trust yourself over everybody else if you want to listen to other people that’s fine but don’t listen them so much that they’re the ones influencing your decision whether you buy or
Sell a stock number three i see this all the time with so many viewers on this channel you guys get like infatuated with stock with short-term fluctuations short-term fluctuations in price if safe stock i cover goes down a lot one day or or up a lot one day you guys like oh what’s going on with that stock is it going to go back up this and that and you cannot get
If your short term trader in your day trader then absolutely that stuff you got to pay attention to for my style of investing which is long term investing a short term fluctuation is nothing big deal if i invest in a stock and goes up 10% great okay who cares if it goes down 10% in the short term who cares it doesn’t matter in the short term all that matters is
In the long term that stock had a great game for me if a year two years three years down the line that stocks down or even or even just barely up then we have an issue but if something happens in a short term you know if it goes up 10% like yeah i’m the best ever i’m the greatest investor in the history at no and the same thing if it goes down 10% a couple weeks
After investing i’m not like oh my gosh i’ve made such bad decision i should quit investing short-term fluctuations happen don’t pay him any mind other than maybe if it goes down a lot you still believe in that company maybe you want to buy some more that’s something i do when a stock goes down after i invested it number four getting emotionally attached to a stock
A lot of beginners in the stock market also and even some more advanced investors they too emotionally tied to a stock they fall in love with that stock so much that if someone said something bad about it they get so offended and they want like cuts that other person down that other person is a devil and this and that understand a stock is a money sign a stock is a
Money sign nothing more nothing less guys it’s a way for you to make money so don’t get emotionally tied to that stock because at some point you’re going to need to probably sell that stock and this is such a great company that 50 years from now it’s worth 50 times what you invested or whatever most of times you’re going to want to get out of that stock and then
Go into something else so there’s no point in getting emotionally attached to a stock don’t fall in love with the start number five thinking about macro economics this is something that i see all the time as well thinking about macro economics or political risk so for instance in 2011 2012 2013 there was so much talk from the media when i would watch these news
Channels and whatnot that they would have guests come on they’re talking about double-dip recession and oh my gosh we’re going to go into a double-dip recession and all the economy is gonna fall and we’re gonna go you know things are bad and this and that well if you listen to that and you stayed out of markets and they were saying you know stay out of the market
Be defensive being gold or whatever you would gotten killed you would have lost so many gains because guess what 2011 2012 2013 those were phenomenal years for the stock market go back and look at the chart and look at how much the markets went up never mind how much so many individual stocks went up so paying attention all that crap is just you you just block it
Out in my opinion unless you have such if unless your genius and your psychic and you know actually this next year the economy’s going to go on recession for sure unless you’re like 100 percent sure on that which i don’t know anybody who’s ever been right about that no one ever so because generally when something happens in the macroeconomics it just comes out of
Nowhere another one is the political risk someone say is you know man if that person becomes president that a stock markets gonna take and if that person does it we’re going to be in depression and all this stuff guess what guys the united states of america any idiot can run it that’s the truth any idiot can run it and we’ll still be just fine now some we might be
Better off with some than others but the bottom line is anybody can run the united states you look at you know so many presidents that are hated now that ran the country and guess what we still did all right we still did all right the united states kept going forward and that’s true for most of the developed economies sometimes you just give someone bad running
It but everything still works out in the end it’s not like all that students.they or something like that so try not to pay too much close attention to the macroeconomics try not to pay too much close attention to the political risk and all those kinds of things guys thank you for watching so much today guys if you have not subscribed you may want to i talk a ton
About personal finance i talk a lot about entrepreneurship i’m an entrepreneur and business owner so i give a lot of tips on that and talk the most about stock market on this channel thank you guys and have a great day you you
Transcribed from video
Top 5 Mistakes beginners in the Stock Market make! By Financial Education
