Well, i think, after this video, you probably don't need to watch my channel simple as that that is not clickbait. Now in this video it's time for some real talk, some tough, loving kind of a father and son moment. If you will, i know some of you are older than me, but i feel like i have to share this with you. So, let's think about it like a five things present me would have said to young me.
What would i have told to young tom 15 years ago that i've learned about the stock market? Basically how not to up - and the final piece of advice would be basically not to watch my channel so stick around for that. That is not clickbait, but you know me, i don't always do the right thing for the channel or for my brand or for the money. I do what i think is right. So let's start advice, number one, don't be an idiot, don't think about it.
Like a freaking video game, it ain't, it's a business, treat it like a business respect it get on time, don't be late, put in the work and don't do stupid before you're about to do some stupid nonsense like yolo into a god forsaken penny stock. Ask yourself this question: if this was my job and i had a boss - and this was other people's money, would i do that? The answer is, no, don't do it simple, as that, let's keep it short number two diversifying is important, but over the percent is really bad idea. You probably want to have five to ten stocks that you absolutely believe in five to ten stocks that you're kind of okay about that's it. Five to twenty stocks in your portfolio is max getting beyond that you're, just adding more stock that you don't understand anything about plus, there's no way to keep track of every single company.
We have 50 stocks in your portfolio about the industry, about the updates. You want to be able to really understand every single stock you have in your portfolio when you have over 20, it's literally impossible. Even if you do this full time, you got to hire researchers so make sure you diversify, but within reason don't go hyper. Diversifying now.
The third piece of advice is, basically don't invest in you, don't understand it. If you don't have a way to understand the industry and the company and the business model, either through your own knowledge, your own experience or friends or access to people who can give you that information don't invest? Because you have no freaking idea what this company is doing now, dca is my next advice. Basically, this saying which is dollar cost average is smart, but it's only smart if you believe in the company. If you get into this mentality of you know winning back your money like people doing casinos, you know what happens in casinos.
The house also always wins right. So if you're gon na get into this mentality of betting on the loser, then trying to win your money back by doubling down on that loser, it ain't going to end well, the only time you want a dollar cost average with the price drops. If you have a high conviction stock, which you are sure is underpriced based on the fundamentals like a palantir, for example for me, but for you it's something else, make sure you don't dollar cost average just to win back some money. You lost out of some ego trip that ain't gon na work now. More importantly, this is a really important piece of advice. Take your time you got ta. Take your time, don't rush into it. You got plenty of time, don't be afraid to miss out on the opportunities take your time.
If you go speedy gonzales on this you're gon na lose, you got ta, be able to move like a line in the bush stalk your prey. Take it slowly. Don't bull rush into any crates. Fomo is your worst enemy now.
Basically, at this point it's time for some tough love, i think that at the end of the day, this is the part where i told you. I think you don't need to watch my channel. I say: listen to yourself, it's your money, it's your decisions, it's okay, to watch, youtube videos and to read articles and to educate yourself, but the end of the day. You have to listen to yourself to your own conscience, your own brain, your own emotions, you're, making the decision for your money, some idiot, that's doing some youtube.
Videos idiot right here, isn't going to suffer the consequences of putting you in the bad trade. That's just a hard note. Truth he's still going to make his money from ad revenue. If you do a bad trade, you get screwed.
That youtuber is basically goes. Hey, tough right! That stuff thing is it's okay to watch all of this, and it's okay. If you don't want to watch my videos after hearing this, that's okay, no problem! If you need to unsubscribe go right ahead, but the most important part you have to be able to make the decisions for yourself, don't ever invest or not, invest in the stock, because some youtuber or influencer or some you know analyst told you so make your own Decision absorb the information but make your own decisions, trust yourself, not any influencer, youtuber analyst for the most part, they're idiots. As always.
Thank you so much. I just want to give a huge shout out to the channel members and patrons for supporting me in this journey. I have the best community on youtube. I don't care what anybody says and that's not just lip service.
I honestly believe in this. Thank you all. I love you all thank you and i hope this advice helps.
By Stock Chat
where the coffee is hot and so is the chat
Keep making them great videos Tom!! Love your channel buddy
Instructions unclear, Yoloe'd everything on PLTR.
I made an good decision when I subscribed to your channel, and I keep my subscription because I continue to gain insight (and some entertainment) from your perspectives. Thank you for being straight with us. I highly recommend your channel to anyone interested in investment.
2-5 stocks is better, maybe a few more if you diversify into a sector like 3 lithium stocks but 10 stocks is a lot
Tesla and Plantir dipped and I bought. You are the best, not an idiot.
Does listening to audiobooks from Peter Lynch counts as a YouTuber?
Amazing tip, and yes I agree, too many is tough to manage, I have made an ETF now 🙂 but I am a data mining scientist and able to track them somehow, its becoming tough so slowing reducing …
The best advice I ever get on investment! Thank you Tom all the way from 🇸🇬
Moved 40 stocks to 2. I can understand these 2 well . TSLA PLTR
I feel like either I’m missing something or this isn’t for me? I don’t get it? Is this about the rocky palantir Q3?
Yes. It's a business. This is best looked at as a skill than a ability.
Especially the tipranks YT channel "This stock is rated a strong buy by 5 analysts with 150% potential upside. The company is a zero revenue biotech company in clinical trials with drug X that competes with 60 similar drugs but may be given an FDA approval"
Tom Nash = YouTuber's I would most love to have a beer with
You kidding me? We’ll never stop watching. 🙂 Scooping up PLTR all the way until we win (or lose).
If you are over diversified, might as well just invest in the S&P500 and Nasdaq.
Tom, you sir are the real deal. Thank you so much for your transparency. I always value your thoughts & opinions. It’s crazy that we live in a time that people don’t seem to want to take responsibility for their own choices/actions, especially when it comes to finance. People can give advice, but at the end of the day people have to do their own due diligence and research. Your thoughts align a lot with my own, so I always appreciate your perspective.
Invest in good company with strong fundamentals and have a long term perspective.
Don't worry Tom, I never listened to you anyways. (<3)
I just love tom. He just added « dont listen to my channel » to « dont click nothing dont smash nothing ». This guy is honest, funny and brings real value. Thk you Tom.
Bought lots of stocks when I was new to investing. Been selling off most of them and sticking with high conviction stocks and ETFs.
Never have I thrown a like on a video and saved the video for later too. Tom, keep up the amazing work. Your fans know what you're doing, and we see your hard work and honesty.
Solid advice ! I have done all the mistakes listed!so i will add one more advice. Invest only what you can affort to lose.
I was given advice from a Merrill Lynch advisor that if he'd go back in time he would do 30% evenly in a s&p 500/Dow/Nasdaq etf's and 10% emerging market etf…and not look back. What are your thoughts?
That AMD call you made was fucking horrible!! That being said at least you owned it.
great video! i've always appreciated your honesty
Why is stock moe creating so many shiba inu videos
im going to continue listening to your channel mainly for the real no bs info you give your audience every video. I discovered you because of PLTR and i learned alot because of your videos. You are right about everything you said in this video though!
Unsubscribed…
J/K, I don't really take this stuff too seriously. I mostly buy index funds.
Good advices! I wish i heard them before and more important listen for them
own research is king , video is god to learn where to do the research and how ..
Thanks Tom! Everyone needs to continue researching and gaining knowledge on their risk tolerance and investment portfolios. Gurus that claim to make people millionaires should be taken with skepticism.
I’ve heard you say those things before though not all in the same video:)
I heard kids in background & at first thought it was here except we’re in a blizzard 🥶 🌨‼️ lol
Thanks for good advice🙋♀️
Thank you for the amazing advice! This is the first investing video that I have saved and will watch over and over again in the future.