Hey, this is Tom and I Want to give you a piece of advice today that goes against my own personal interest as a finance YouTube Creator and I Don't know if any other creators will say that because it hurts their business, but I willingly interested in doing so because I think the importance of this advice trumps my own personal interests as a finance. YouTube Creator and I think at the end of the day, my community needs to know the truth and not things that helped me progress my own business because I think in the long term, that's also good business for me. So I'm not completely this altruistic guy who's sacrificing themselves I Think it's good business to be honest. And here's the story.
Look, we all follow the Federal Reserve What Jiren Paul said What did he not say? Whether the FED will raise interest rates by half a percentage point or quarter, or whether they stop What are the government doing bank bailouts? Etc et cetera. Etc It's all fine and dandy, and in fact, it's very interesting. But here's the problem. As a long-term investor, your only play in the market is put in money.
Get this money in an ETF or in any sort of a kind of a managed product. When you get to go to work, do your stuff at work and not worry about it and just put money. Every month you can hear my son's laughing in the background enjoying some early morning cartoons. But essentially, that's what you do.
You're not worried about fed interest rates, banking collapses. You put a certain amount every month into your portfolio preferably into an ETF like the S P 500 and you go to work, you fight with your boss, you have a dinner with your wife and you don't worry about it and that's all. And then 10 years later, you take this money out and you will have a nice return. You're not going to be a millionaire, but you're going to have a nice return.
Something that you can actually put to good use like paying for your school kids, school, or buying a house or improving your own life Etc et cetera. Maybe a retirement? I Don't know. depends on your age. Now the problem is look Traders good Traders Are out there and they're really good at making money.
They follow these things. They follow the FED They follow the momentum, They follow the sentiment, They follow every little thing that's going on and some of them are really good at it. and I know a few that are really, really good at it and making a lot of money. Um, that's their full-time job.
That's the only thing they do, that's the only thing they focus and even that doesn't guarantee it if some of them lose money. In fact, a lot of them. But as somebody who has a job has a family is engaged in a whole different other stuff that you are not able to sit in front of a computer screen from 7am until 4 pm every single day and just do constant research. You outgunned.
It's not your thing, it's like you trying and after having a good game for for a couple times in the neighborhood and the basketball team trying to play against an NBA player You're Gonna Get Smoked it's not your game and unfortunately that's the sad part. A Lot of people who will say hey, I'm a long-term investor, they get tempted and they get full mode and they start playing this trading game trying to sell in sell out Buy in buy out a lot of this trading Behavior sips in into the behave into this investor mindset and unfortunately and that's the sad part I Don't know if my community but in general here for retail investors, the majority of retail investors behave like Traders even though they're supposed to be long-term investors. statistically so, they behave like creators and because they behave like Traders they basically playing in a game that's not theirs. Most of them end up losing. and so while I urge you to follow the news and be excited about what's going on with the economy, what's going on with the Fed, and and be a student of the game, it shouldn't impact your investing strategy at all. You don't care about the bank collapses, You don't care about none of this. Just invest. And State.
By Stock Chat
where the coffee is hot and so is the chat
You are spot on! Took me years to reach this very conclusion!
Stongman personal finance always preaches this on youtube.
FINALLY!
Out of all your videos, I only appreciate your honest ones!
Do you remember your scam exposing videos from back in the days?
This is what "hooked" me up to your content!
P.S. True story
Давай блядь! Full throttle!
Thank you Tom…..
I love you Tom. Greetings from Poland
Nice one Tom
100% spot on here
Why am I hearing chickens clucking? 🐓🐓
We love you Tom !if anyone new what was happening tomorrow we’d all be rich ,more power to you bud,very real get rich slow scheme 😂
Thank you, thank you, thank you Tom🙏
Sound advice & timely. 👍🏽
Thanks for keeping it real Tom.
Only 4 minute long video but one of the best pieces of advice 👏👏👏
I definitely fall into this category. Sold mytesla stock , right before it shot up. For the simple reason that I saw a few videos saying the market will fall a little bit. I had been patient for long months and one morning, one video from Sasha, and boom, I went against the advice I always give my friends to almost ever sell.
Well that’s 100% true and my story. I am 92% paper loss. Basically my savings were wiped out since I started 2 years ago because I followed the advise of many Furu’s in youtube and twitter
Respect 🫡
Yep, set it and forget it. That's what I tell my grown daughter. Pick a few stocks of companies you like and a couple of ETF's and put money in regularly. She's got at least 30 years to grow that account. For me, I've got my 401K in 2 large cap growth funds and my brokerage investing account. Last year was a disaster, but this year so far has been great. Picked up my first Tesla position at $134. I bought 200 shares and even with the recent volatility still up almost 9K and up in my option trading $2500. Last year I learned a lot, but it cost me dearly. I'm not down and distraught because I know eventually the market will turn around and I'll make up my losses. Maybe it takes a couple of years. It doesn't matter, I'm not a quitter. PLTR, SOFI, and Tesla are three companies I believe are long-term winners. I have shares in about 40 other companies, but those three are my largest positions.
Your advice Tom, is great advice for most people.
I’ve been tempted to do some short trades, but I know better! Buy and hold for long-term and follow someone you can trust with current accurate market info on your invested stocks! One obvious stock comes to mind! TESLA! One could follow Tesla daily or Electrified which are my two top Y-Tube channels! Spend an hour a day getting caught up and you’re good to go! Also when time permits, due your diligence on your actual stocks! Works for me! 💎🙌TESLA🇨🇦😎2565shares💪
That's why we love you because you are the best ❤️
Great advice 👍
Man, I saw this video at the right time. Something I needed to hear today
This guy says etc. etc. etc. more than any other human being or you tuber I know.
Best advice. Learned it the hard way lol
Yes agree on what you say. Cheers!
100%!
Tom. You’re my favorite. Appreciate this post and your transparency. I’ve leaned a lot from you over the last few years. Please keep up the quality content!
So yeah… keep living your life and its hard to time the market but maybe some of the investors from 1928 had some regrets. Everyone shouldn't become daytraders trying to outsmart the algos but gone are the days of pensions most people's chance of a cat food free retirement depends on their 401k so I do think that just blindly continuing to dump their money in every paycheck without any sort of understanding of the macroeconomic climate or reallocation of existing fund periodically will screw you in the end.
Cool message. Work as a slave till 65 hopefully for enough. I’d rather put in some effort, find value and stock pick. Not that hard. Don’t need to watch every tick.
Thanks