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🌍 Covering the latest from the U.S. economy, stock market updates, and financial trends that matter for everyday people worldwide. Perfect for anyone looking to build wealth, understand money, and make smarter financial decisions.
💰 Topics we cover:
• Personal finance & budgeting
• Stock market & investing
• Real estate & housing market
• Credit cards & saving tips
• Money mindset & wealth building
👉 Subscribe for more daily finance videos and updates.
#finance, #money, #investing, #personalfinance, #economy, #wealth, #budgeting, #financialfreedom, #stockmarket, #moneytips, #dailymotionfinance, #stocks, #etf, #retirement, #financialplanning, #wealthbuilding, #passiveincome, #investingtips, #marketnews, #trading, #realestate, #housingmarket, #propertyinvestment, #mortgage, #homeownership, #creditcards, #loans, #debtfree, #banking, #interestrates, #inflation, #recession, #usdollar, #globaleconomy, #usnews, #crypto, #fintech, #digitalbanking, #bitcoin, #blockchain
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NewsTranscript
00:00What's up you guys, it's Graham here, and we're f***ed.
00:02Look, chances are, quite a few people are about to lose a ton of money investing over these next few years.
00:07Like, we've already seen a stock market valuation similar to that of the dot-com bubble.
00:11For the first time ever, new homes are cheaper than existing ones.
00:15And real talk, we're currently at a level where it's not too late to begin taking some precautions ahead of time,
00:20if you just know what to look for.
00:21That's why, if you want a blueprint to come out ahead long-term, regardless of what happens to the economy,
00:26and during a time when 97% of traders are losing money, here's everything that you need to know
00:31and the most common investing mistakes that nearly everybody makes.
00:35Because the reality is, we have just printed another 4.1 million dollars in the time it's taken me just to say this intro.
00:42And if you aren't actively planning for this, you're going to be left behind.
00:45Although before we start, as usual, if you appreciate candid videos like this,
00:49it would mean the world to me if you hit the like button or subscribe if you haven't done that already.
00:53I know it's stupid to ask, but it does help out tremendously, and as a thank you for doing that,
00:58I will do my best to read and reply to as many of your comments as I can.
01:02So thanks so much, and also a big thank you to Surfshark VPN for sponsoring this video, but more on that later.
01:07Alright, so if you want to avoid losing money, the first step is very simple.
01:11Don't get overconfident.
01:12Here's the thing, in a bull market, everybody looks like a genius.
01:15Really, since 2020, you could have created a wall of random stocks, thrown a dart blindfolded,
01:20invested in whatever you landed on, and still made money.
01:23In fact, to prove this point, four years ago, I had a monkey pick 10 random stocks from the S&P 500,
01:29and even that portfolio is currently up 35%.
01:33Remember, this is a monkey we're talking about that's pulling similar numbers to a hedge fund.
01:38Let that sink in.
01:39The point I'm trying to make here is that when everything is going well,
01:42it's easy to think that you've just become a very good investor.
01:46But the thing is, once you get overconfident, you begin losing your edge.
01:50All of a sudden, when this happens, it's easy to overlook the risks, ignore the fundamentals,
01:55and invest, because so far it's turned out really well,
01:58and every drop has only lasted a few weeks, and then you make a ton of money.
02:02However, this type of overconfidence eventually causes you to make riskier investments,
02:06or you hold on to really bad investments for too long,
02:09because if you are confident enough to buy it in the first place,
02:12you're definitely confident enough not to sell it, right?
02:16Wrong.
02:16That starts clouding your judgment, and you begin not to make sound, rational decisions.
02:20And when that happens, again, you lose money.
02:22But that, of course, is not to say that you can't be a genuinely talented investor,
02:26and I've met so many people who have been instrumental in helping me with my real estate investments
02:30and creating a well-diversified portfolio.
02:33But those people are usually smart enough to know that they don't know everything,
02:37and to always expect that anything can happen.
02:39Anytime I've met a genuinely good investor, they have a cautious optimism about them,
02:43where even if they're doing well at making a ton of money,
02:47they still acknowledge that there's missing pieces of information,
02:50and to expect the unexpected.
02:52I just think a little humility goes a long way for most investors,
02:55and as soon as you acknowledge that you don't know everything,
02:58chances are the more money you're going to make.
03:00Now, the second mistake that almost all of us are guilty of at some point is getting impatient.
03:05I've just seen too many times where someone's bought a really great stock,
03:08they hold on to it, and then after a few weeks of it doing nothing,
03:11they sell it and try to move on to the next big winner.
03:14But what usually ends up happening is that as soon as they sell,
03:17that original stock finally begins trending upwards,
03:20and they completely miss out because they're constantly chasing from one stock to another.
03:24The fact is, impatience ends up leading to impulsive, short-sighted decisions.
03:28It implies that you know how to best time the market,
03:31and it reinforces that it's okay to sell a stock once you get bored of it,
03:35not constantly going up in price.
03:37In this case, the reality is, patience is one of the best qualities that you could have,
03:42not only with investing, by the way, but also with life.
03:45Nine times out of ten, the markets never just go up indefinitely,
03:48and there are going to be times where things just flatline, and that's normal.
03:52When it comes to this, the goal is to plan, invest, and think in ten-year increments,
03:56and when you don't do that, you become reactive.
03:59When you become reactive, mistakes are made, and when you make mistakes, money is lost.
04:04So if you want to avoid this mistake, just rest assured that time is on your side.
04:08And as long as you're properly diversified, the right companies for the right reasons,
04:12you're going to be just fine.
04:14As long as you don't screw it up going all in on meme stocks.
04:17Next, third, with margin debt surging 9.5% in June,
04:21it's equally as important to make sure you do not borrow too much money.
04:25I've said this before, but borrowed money is very much like a fire,
04:28where if you use it properly, it'll keep you warm and cook your food.
04:31But if you abuse it, it could very well burn everything down
04:35and destroy all of your finances pretty quickly.
04:38That's why I'm not going to sit here and say,
04:39don't borrow money, borrowing money is bad.
04:42You just have to do it responsibly,
04:44and make sure you don't borrow too much more than you're able to pay back.
04:48For example, when it comes to myself, I don't have any credit card debt, no auto loans,
04:52I just have mortgage debt on cash-flowing rental properties,
04:55all fixed for the next 30 years, under 3.5%.
04:58In those cases, the cash flow more than pays for the rent,
05:01and if for whatever reason I have to sell,
05:03there's enough equity to pay off all the loans.
05:06On top of that, those mortgages make up less than 15% of my entire portfolio,
05:10so if the market were to crash, it would really make no difference whatsoever.
05:14Honestly, the point where people get in trouble
05:16is just when they borrow too much money on short-term speculation
05:19and they don't have enough to cover themselves in the event of a prolonged downturn.
05:23Now sure, even though borrowing money will help you earn a lot more when times are good,
05:27like they have been for the last five years,
05:29when the market eventually does turn around,
05:31it's going to amplify those losses so much worse,
05:34and that has to be taken into consideration sooner than later.
05:37Although before we go into the fourth investing mistake,
05:39here's the thing, being financially responsible isn't just about growing your money,
05:43it's also about keeping it safe.
05:45Like most of us log into bank accounts, send payments,
05:48or log into brokerage apps on the go,
05:50and doing that on public Wi-Fi is basically like leaving your wallet on the table.
05:54That's why, for the last few years, I've been using today's sponsor,
05:58Surfshark VPN, to protect my privacy and security.
06:01For those unaware, Surfshark VPN works by encrypting your online data
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06:05They mask your IP address, and they keep your personal information private,
06:09even if you're on hotel Wi-Fi, at a coffee shop, or traveling abroad.
06:13Essentially, a VPN works by swapping the real location of your device with a new one,
06:17giving you the ability to virtually travel to any country around the world.
06:20This means if you're out of the country,
06:22you could swap your location back home so that everything works normally.
06:25Or, if you're into watching Netflix,
06:27there are plenty of shows that are only available in select countries.
06:30This makes it easy to pick a destination and enjoy brand new content in seconds.
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06:46and you could rest assured that your activity is private.
06:48Personally, I don't check my bank accounts or make financial transactions without it,
06:52because just like you wouldn't be investing without doing any research on your own,
06:56you shouldn't be browsing the internet without protecting your own data.
06:59Plus, they also have a risk-free 30-day money-back guarantee,
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07:16Enjoy.
07:17Thank you so much, and now let's get back to the video.
07:19All right, now in terms of the fourth investing mistake,
07:21do not invest blindly.
07:23Honestly, I see this as a really big problem,
07:25and any time I go on websites like Reddit, YouTube, or Twitter,
07:28there's no shortage of people believing anything they see
07:31just because someone came up with a really convincing argument
07:34as to why a stock is suddenly about to go to the moon.
07:36Or maybe they see one person making a lot of money,
07:39and they think to themselves,
07:39well, if this person is doing this,
07:42and they're really smart, and they have a lot of money,
07:44I should probably be doing it too.
07:46Take Palantir, for example.
07:47I know a ton of people who bought in January of 2021
07:50when it was $35 a share
07:52because so many people were hyping it up,
07:54only to sell it a few months later for $7
07:57when the excitement fizzled out.
07:59Even though, had they held and just done nothing,
08:01they would have actually made a lot of money.
08:03To me, that is a telltale sign
08:04that you're not doing any of your own research
08:06or looking at any fundamentals,
08:08but rather just copying someone else
08:10because they seem like they know what they're doing.
08:12Real talk, any time you blindly jump into an investment
08:15because someone else gave you a tip,
08:17you're making the uneducated decision
08:19to basically entrust that person with all of your money
08:21while they have nothing at risk in the event that they're wrong.
08:24Look, we'll put it this way.
08:25If you feel comfortable giving that person your money
08:28and trusting them with it,
08:29then by all means, go for it.
08:31But if you wouldn't trust that person
08:32with the passwords to your bank account,
08:34then you probably shouldn't trust them
08:36with your money and how you invest it either.
08:39Instead, I think you should listen
08:40to as many different perspectives as possible,
08:42understand why they're making those investments
08:44in the first place,
08:46decide if those investments are worth it for you,
08:48and then if it fits with your investing philosophy,
08:51go for it.
08:52Otherwise, it's probably best you do absolutely nothing.
08:56Next, number five.
08:57I know I'm gonna sound like a boomer when I say this,
08:59but it helps to diversify.
09:01This means your entire portfolio isn't just stocks,
09:04it's not just real estate,
09:05it's not just cryptocurrency,
09:07but instead, you spread out your money
09:08throughout as many different options as possible.
09:11Now, I'll admit,
09:11in my very early and young days on YouTube,
09:14I was so excited to be 100% invested only in real estate.
09:18Like, I worked all day as a real estate agent,
09:20I saved all of that money to buy real estate,
09:22and if I had any cash left over in my account,
09:25it was just to buy more real estate.
09:27At that time, my profession and my investments
09:29were all within a 20-minute radius,
09:32and so far, really up until that point,
09:33it worked really well,
09:35and I thought,
09:36why would I do anything differently?
09:37However, as I began to expand my knowledge,
09:40I realized that I could get identical,
09:42if not higher returns while playing it way safer
09:44by spreading out my money throughout different options,
09:47and over the last six years,
09:48that's what I've done.
09:49My portfolio today is now comprised
09:51throughout international and US-based index funds,
09:54treasuries, cash, real estate,
09:56and a little cryptocurrency exposure
09:57through a Bitcoin ETF.
09:59Sure, I don't get the crazy high returns
10:01that someone who goes all in on one thing might get,
10:04but I do get the downside protection
10:05for when the market eventually does turn around.
10:08I just think for any long-term investor,
10:10this is probably something you should be doing,
10:12sooner than later.
10:12After that, number six is something
10:14I have definitely been guilty of,
10:16and that would be holding on to too much cash.
10:18Yes, I'll admit,
10:19this is pretty much the exact opposite
10:20of everything I've already covered here,
10:22but funny enough,
10:23this could also lead to some of the biggest financial losses
10:25in the form of opportunity cost.
10:27Look, don't get the wrong idea.
10:28It is important to have enough cash on hand
10:30to cover a three to six month emergency fund,
10:32pay down margin debt as needed,
10:34and have enough leftover to cover anything else
10:37that might happen.
10:38But there is a point where you keep too much cash
10:41to the point where it negatively impacts
10:43your entire portfolio.
10:44That's because over time,
10:45you lose value in two ways.
10:47One, inflation slowly reduces the purchasing power
10:50of every dollar by two to 5% a year
10:53as the government prints more money into the economy.
10:55And two, you miss out on the profits
10:57you would have made had that money been invested.
10:59Look, it sounds weird,
11:00but I've seen people lose more money
11:02staying out of the markets,
11:04waiting for a crash that never happens,
11:06than the other person who buys in at the very peak
11:09and then watches their entire portfolio
11:10evaporate 30% in a few months.
11:13That's why I think if you're playing it too safe
11:14and constantly waiting for the market to crash,
11:17for the perfect opportunity to buy in,
11:19chances are it's never going to happen.
11:21Either the market goes up and you miss out,
11:23or the market actually does crash,
11:24but you never buy in
11:25because you expect it to fall even further,
11:27but it never does,
11:29and you're constantly left waiting.
11:30Don't be that person.
11:31Instead, analyze how much you need saved in cash
11:34to survive the next six months
11:36in the event your income goes to zero,
11:38add in a bit of a buffer,
11:39and then just invest whatever is left over
11:42consistently on a regular basis.
11:44That's it.
11:45It's very simple.
11:46Finally, I've said this before,
11:47but please, never panic sell.
11:50I get it.
11:50There's nothing worse than seeing red throughout your entire portfolio
11:53and feeling compelled to sell it all now,
11:55wait for the market to drop even more,
11:57and then buy back in cheaper.
11:58But it never works that way.
12:00Instead, once you sell,
12:02it opens up Pandora's box
12:03and it becomes that much easier
12:05to start to sell this,
12:07sell this,
12:08time this,
12:08and as we all know,
12:10timing the market
12:11never turns out well
12:12for practically anybody.
12:14My rule of thumb is pretty much this.
12:15If nothing has fundamentally changed about your investment,
12:18besides the price,
12:19don't sell it.
12:20If you don't need the money,
12:21don't sell it.
12:22If you're in a state of fear,
12:24don't sell it.
12:25If you don't have an immediate,
12:27better use of your money
12:28that you have more confidence in,
12:30don't sell it.
12:31Or I guess you could also look at it in reverse.
12:33Would you buy your current stock
12:35at today's prices if you could?
12:37If not,
12:38why are you still holding on to it?
12:39All of this makes you analyze
12:41every investment for what it is
12:42and why you bought it in the first place.
12:44And as long as nothing
12:45is fundamentally changed,
12:47it's safer just to hold on to it long term.
12:49As far as where we go from here,
12:50as long as you follow this outline,
12:52I tend to believe
12:52it's going to be very difficult
12:53to lose money long term
12:54over the next 10 to 20 years.
12:56At the end of the day,
12:57investing does not need to be complicated
12:58and it doesn't need to be confusing.
13:00And some of these mistakes
13:01are things that every investor
13:03will have to go through at some point.
13:05But as long as you now know
13:06what to look out for
13:07and the mistakes to avoid,
13:08you're going to end up making
13:09so much more money long term
13:11as long as you hit the like button
13:13and subscribe
13:13if you haven't done that already.
13:15Thank you so much
13:16and until next time.
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