These are my 6 daily Investing habits that have changed my life - Enjoy! Add me on Instagram: GPStephan
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NUMBER ONE: INVESTING ASAP
Following this one is EASILY the most impactful in terms of how much wealth you can accumulate throughout your lifetime. When you’re young, one of the BIGGEST advantages you have when it comes to investing is really simple...it’s just TIME. Not only can you ride out any short term fluctuations in the market, but you can take full advantage of what’s called COMPOUND INTEREST. Every year that goes by without investing, is a year you won’t be seeing iNSANE growth 30 or 40 years from now.
NUMBER TWO: DON’T TIME THE MARKET
This is the SIMPLEST, most FACTUAL piece of advice you’ll EVER hear when it comes to investing…but it also happens to be the most difficult for people to actually follow.
Studies Here:
https://www.putnam.com/literature/pdf/II508-ac37f7ad02b2d8889f7e5361f0e8ac86.pdf
And another study shows that, generally speaking, the more trades you make, and the more you try to time the market, the lower your overall return becomes.
https://finpage.blog/2014/09/18/the-evidence-against-market-timing/
On the other hand…research has also shown that since 1926, a 20-year holding period of the stock market has never ONCE produced a negative result…
https://www.investopedia.com/articles/stocks/08/passive-active-investing.asp
So without over loading you with facts and studies, all I’m going to say is this: The buy and hold investment strategy tends to not only be the safest, but also the most profitable for the majority of people. In fact, just buying in the market IMMEDIATELY - regardless of where its priced - has out performed trying to time the market 71% of the time…
https://www.wallstreetphysician.com/traders-underperform-market/
NUMBER THREE: DON’T INVEST IN THINGS YOU DON’T UNDERSTAND
I’d MUCH rather you just NOT invest at all, than put your money into something you don’t fully understand. Especially in this market, where literally EVERYTHING is going up…it’s so simple to get disillusioned that investing is really easy, and get yourself accustomed to ALWAYS making money. But that doesn’t always happen. You need to understand that investing is going to be cyclical, investments will LOSE for years in a row…and you need to understand and know that going in.
FOURTH: DON’T INVEST MONEY YOU NEED IN THE SHORT TERM
When you invest money, there’s ALWAYS a chance that the value of that investment will go down in the near future. Investing should always be seen as a LONG TERM strategy. You generally can’t predict where the markets will be a few months or a few years from now - but, you CAN look back historically - and see that over a period of 10 or 20 years, your chances of coming out ahead profitable are pretty good. So, for that reason…investing any money that you’ll need within the short term is NOT a good idea, and could cost you a LOT if things end up getting bad.
FIFTH: INVEST CONSISTENTLY
Investing is just a way of life. All you need to do this, is to AUTOMATE your investing as much as you can. Just setup automatic withdrawals into a broad index fund without even thinking about it - out of sight, out of mind. You don’t need to be actively involved with it all the time, but just consciously remember it’s there - and that’s it.
SIXTH: THINK INDEPENDENTLY
This is the hardest thing to do from everything I’ve mentioned, but it’s also the one that will make you the most money if you get good at it. And what I mean by this is that you MUST trust your own thoughts and research, and NOT be swayed by someone else who says otherwise, or disagrees with you.
So, it’s really from those 6 habits that I’ve formed my ENTIRE investing career…in fact, I can’t think of a single investment I’ve made without considering each and every one of these points I’ve just discussed. Just follow this, stick with it…smash the like button…and you’ll be set.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
NUMBER ONE: INVESTING ASAP
Following this one is EASILY the most impactful in terms of how much wealth you can accumulate throughout your lifetime. When you’re young, one of the BIGGEST advantages you have when it comes to investing is really simple...it’s just TIME. Not only can you ride out any short term fluctuations in the market, but you can take full advantage of what’s called COMPOUND INTEREST. Every year that goes by without investing, is a year you won’t be seeing iNSANE growth 30 or 40 years from now.
NUMBER TWO: DON’T TIME THE MARKET
This is the SIMPLEST, most FACTUAL piece of advice you’ll EVER hear when it comes to investing…but it also happens to be the most difficult for people to actually follow.
Studies Here:
https://www.putnam.com/literature/pdf/II508-ac37f7ad02b2d8889f7e5361f0e8ac86.pdf
And another study shows that, generally speaking, the more trades you make, and the more you try to time the market, the lower your overall return becomes.
https://finpage.blog/2014/09/18/the-evidence-against-market-timing/
On the other hand…research has also shown that since 1926, a 20-year holding period of the stock market has never ONCE produced a negative result…
https://www.investopedia.com/articles/stocks/08/passive-active-investing.asp
So without over loading you with facts and studies, all I’m going to say is this: The buy and hold investment strategy tends to not only be the safest, but also the most profitable for the majority of people. In fact, just buying in the market IMMEDIATELY - regardless of where its priced - has out performed trying to time the market 71% of the time…
https://www.wallstreetphysician.com/traders-underperform-market/
NUMBER THREE: DON’T INVEST IN THINGS YOU DON’T UNDERSTAND
I’d MUCH rather you just NOT invest at all, than put your money into something you don’t fully understand. Especially in this market, where literally EVERYTHING is going up…it’s so simple to get disillusioned that investing is really easy, and get yourself accustomed to ALWAYS making money. But that doesn’t always happen. You need to understand that investing is going to be cyclical, investments will LOSE for years in a row…and you need to understand and know that going in.
FOURTH: DON’T INVEST MONEY YOU NEED IN THE SHORT TERM
When you invest money, there’s ALWAYS a chance that the value of that investment will go down in the near future. Investing should always be seen as a LONG TERM strategy. You generally can’t predict where the markets will be a few months or a few years from now - but, you CAN look back historically - and see that over a period of 10 or 20 years, your chances of coming out ahead profitable are pretty good. So, for that reason…investing any money that you’ll need within the short term is NOT a good idea, and could cost you a LOT if things end up getting bad.
FIFTH: INVEST CONSISTENTLY
Investing is just a way of life. All you need to do this, is to AUTOMATE your investing as much as you can. Just setup automatic withdrawals into a broad index fund without even thinking about it - out of sight, out of mind. You don’t need to be actively involved with it all the time, but just consciously remember it’s there - and that’s it.
SIXTH: THINK INDEPENDENTLY
This is the hardest thing to do from everything I’ve mentioned, but it’s also the one that will make you the most money if you get good at it. And what I mean by this is that you MUST trust your own thoughts and research, and NOT be swayed by someone else who says otherwise, or disagrees with you.
So, it’s really from those 6 habits that I’ve formed my ENTIRE investing career…in fact, I can’t think of a single investment I’ve made without considering each and every one of these points I’ve just discussed. Just follow this, stick with it…smash the like button…and you’ll be set.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Love it!
Should I pull out of investment to pay debt ?
Any investing Guru who won't fight with my starbucks morning coffee
Me watching this at 25.
I feel attacked lol
This is timeless and simple to understand/do, thank you,Graham, greetings from Taiwan,
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Graham I LOVE that you are saying to only invest in what you understand!!! I’m having so much trouble understanding the products offered in my 403b (our school district uses insurance and companies) that I’m focusing most of my efforts into my Vanguard Roth IRA until I can learn enough to really understand what’s happening. ☺️
Great vid, what has a 8 percent return tho?
All my investments take Ls
Not to Time the market only work if u are investing in index funds. For growth stocks, rather wait for correction or crash!
for number one where should i invest to see the compound interest?
Wait wouldn’t the math be opposite then ? So you should divide your retirement by 21 if cost multiples by 21? That doesn’t sound right that means at 65 u have the equivalence of 65k today
One thing that changed my life was stop setting “ goals “ setup a plan on the steps it takes to reach the goal not jsut the goal it self
I did not understand the part where he said tax free investing? What did he say makes investing tax free? I dunno what he called, i cant hear him properly, raw something??? Also is the tax stuff also relevant in countries outside of the state?
Hit the like button one year late
Lol Warren Buffet prophecy.
I am saving up for a house. Got $75,000 saved just sitting in a money market savings account. Is there anywhere I can put this just to make a little interest?
If only I had an extra 100/month to spare during most of my 20s. Heck I wish I had 100/week now lol. Maybe I'll go back to doing a second job.