10 Ways To Improve The Strength of Your Investing Strategy. In this video I am sharing 10 simple to use and apply rules that will improve any investing portfolio right away.
00:00 Intro
00:14 Taxes
01:31 Timing The Market
02:00 Impulsive Moves
02:41 Past Mistakes
03:21 Asset Allocation
03:50 History
04:16 Emergency Fund
04:50 Spending Money
05:14 FOMO
05:41 Markets Vs Stocks
*Disclosure: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.
👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
00:00 Intro
00:14 Taxes
01:31 Timing The Market
02:00 Impulsive Moves
02:41 Past Mistakes
03:21 Asset Allocation
03:50 History
04:16 Emergency Fund
04:50 Spending Money
05:14 FOMO
05:41 Markets Vs Stocks
*Disclosure: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.
👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
So “history repeats itself” doesn’t apply in investing you mean ? Thanks for the video btw
I started investing last year. I enter too soon in Tesla twice because of FOMO and I manage to earn some money thanks to Tesla strength and the confidence I have in the company that allows me to stay calm in the downturns. I think I learned something, we'll see.
Thanks for your work, Tom! Have a great day!
Overtime I learned to never invest without building a strong confidence into a company. Implying the fact I perhaps have to hold my position with a temporary 20-30% drawdown. So I spent most of my time to prepare myself to this possibility by setting up metrics for a specific sector and a specific company. Then be able to put all that work aside and be focus on the overall market conditions. When odds are in a good shape, the only job is to pickup one or few businesses from my hotlist with an asset allocation approach. Easy to say, hard to do and it's never glamorous to talk about. Everyone wants to see the show, few cares about hours of training before.
trading EFTs, I don't need to worry about individual stocks LOL
we all agreed not to pay taxes two years ago.
I totally agree with you! I have 15,000 shares of Palantir at an average of $$16.98 a share that I'm basically stuck in until it goes up. I really believe in the company, but wish I hadn't invested so much in it! Hopefully, it goes up someday!!!
Tom I'm afraid of aliens come no matter how big my emergency fund it just isn't going to be enough
i would add, taking care of yourself. go to the gym, eat right, sleep right. if you miss on these, you can't make good decisions.
Quik and short lol story of my life 🌭
I have no idea what I am doing, although, I am prepared for any action from the market.
#1 TAXES: Research a Roth IRA to let your investments grow without taxes (you pay the tax on the way in and future growth is tax free).
Video got me all pumped.
No tom, you nailed everything bummm
Else fails I'll eat Clean energy incentives.
FOMO Misses me.
Understanding your bias
So it's the button zapping me.🤯
90% only invest for long term horizon at least 1 year mostly 3 – 5 years. 10% try and time the market, keeps things exciting like going to vegas every day on your computer 🙂
I've got all 10 mistakes you mention. wish you'd had this video two years earlier. Thanks for the great advices
#10 so important and yet ignored, just like you said comrade
No BS from tom. awesome
Exactly
Time to buy Tesla shares
Great video, but I disagree with your last point Tom. Warren Buffett tells us to buy wonderful businesses at a good price — regardless of what’s going on in the economy! Economic data should barely influence our investment decisions.
Nash it
Pay off credit cards regularly…
Thanks Tom for blasting through those basics. FOMO is especially a pathway to ruin. Dollar cost average, stay calm, stay calm, and stay calm. Have a 6+ month cash reserve, invest in solid companies, and have some quality time with your spouse. Do the best job at whatever you're doing. You'll be fine.
This was very informative. Thanks 🙏
This is for people like me, who are mostly interested in building a dividend portfolio:
DO NOT INVEST BASED ON DIVIDEND YIELD! There are so many assets out there that have absolutely enormous dividend yields, almost like it's too good to be true (that's because it probably is). Always look at the fundamentals, make sure you agree with the principles the asset represents, and then if everything aligns for you, go ahead and invest.
I have fallen into a couple of yield traps before, and it does not feel very good.
Top 3 ways to avoid losses:
AVOID anything related to the ARK Invest folio.
DON'T believe any metric based on Price/Sales
DON'T believe Palantir is worth more than 10$ a share!!! 😉
In Canada we have this tax free saving account. The money in that account can be invested in stocks and the gain is still free of taxes. 😀
Hey Tom, could u please make a video about asset allocation? Would be great. Greetings and thanks for the video!
#8 is sooooo legit. People don't understand that their financial habits form the foundation of their future success. People literally map-out their desired purchases even BEFORE the paychecks come in. This is bad.
Thank You Tom 🎱🐐