The Best Investing Advice I Ever Got | Phil Town
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- Опубліковано 5 вер 2024
- Everything I teach about investing in companies applies to every investment that you could possibly make, and that's all based on the advice I've received over the years. Today, I’m going to give you my 5 best pieces of advice so that you can be a successful investor too. bit.ly/2kFiMBa
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What’s the best investing advice you ever got? Was it from me? Share below in a comment!
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1. Find intrinsic value of company. (buffetbook.Com Preston Pysh)
2. Never use leverage. (several speakers)
3. Invest in assets below its true value (Phil Town)
Top advices I didn’t listen to, and I should’ve:
- Start investing ASAP, even if you have only $100 to invest. At the minimum you start learning it without great risk.
- Don’t time the market. Every time I was thinking, it is a good price to buy/sell, but let’s wait a bit for an even better price, I lost money...
What do you mean, don't buy real estate? I've started buying real estate in 2014 and now I am financially free beyond my dreams. Also, real estate pays a livable dividend that you (legally) pay $0 tax on. We know what this channel is about but I don't think blanket statements like that are honest. More millionaires are (and will always be) made by real estate vs. paper assets.
@@Re3iRtH what I understand is buy real estate or any asset only when value is far below its true market value. In majority cases of real estate in cities it is not true. You are expert in valuation already that is why free.
Re3iRtH I really hope that by “paper assets”, you mean printing and paper industry, because otherwise it would be a very stupid statement:D
I realized that the secret to making a million is making better investment
The best investment advice I got: Start as soon as possible, it's never too late.
I'm 23, currently with the job I have I had to take a major pay cut. Only able to put maybe 20-40 per week onto my app, it's not much, but it's a start!
The best time to plant a tree was 20 years ago. The second best time is now.
@@MrRikkiRocket But there is always that fool that comes along and cuts that tree down ! Lumber might be a quicker investment !
The best investment advice I’ve ever received: “Don’t invest that of what you can’t afford to lose!”
Greg Souza ::: You’re absolutely correct! Yet one form has proven to yield a much greater return in time. The market has literally produced more self-made millionaires than state lotteries or Vegas. And more have gone dirt broke in respect to the latter.
@Greg Souza I bet you have invested in wrong stocks and got burned because you think investing will make you rich quick.
@@site_is_down Investing is investing........saving is saving. I big difference ! These guys always talk about saving......then suddenly about face........are talking about investing ! Im still at the savings part in life ! Im not interested in investing !
The advice I appreciated the most was on my first job when a coworker suggested that I invest in the company’s 401k. I had no idea what he was talking about at the time, and a relative had told me to stay away from the stock market.. But, I liked this guy and listened...Now, decades later, a significant portion of my net worth is due to his wise words.
Same here. A coworker pointed out I would be a fool to miss out on the boss matching my contribution. It's basically a 100% return on the investment before the market has any affect on it.
Thanks, everyone for joining me on the premiere today! The chat closes when the video is over so feel free to leave any additional comments and questions below and I will follow up with you 👍
the best investing advice I've ever received is to always follow the rule
Hi, Phil, long time fan and follower, I'm struggling a bit with the video maybe because I don't come from the real estate background. What ratio are you referring to in the video? Free Cash Flow to Price? A 10 Cap would be 10 FCF to 1 Price?
Pattern recognition, stock picking, when to buy or sell, what to do when the market is crashing? A few important things to answer before every newbie should ask before getting placing a trade without guide. I was lucky to have enrolled in my trade program when I did I've been receiving so much knowledge most newbies should know from it. Now I'm more into six figure investments this year. Thank you Noud
They is no doubt that the market is Lucrative, for the sake of diversifying I'd like to invest there too but I need a more hands on experience before I place any trade. What's your strategy? How have you been making money?
My friends are all in awe like you on how I manage my stock portfolio and accounts, they think tirelessly at it. Truth is I leave the numbers and all my trade affairs to Licensed pro analyst Mr Noud mika, 8 years ago in 2012 when I started investing in stock&bond I partnered with a Financial advisor/Portfolio manager Mr Noud mika suggested I bought some stocks that he knew would yield valuable profits and he also forecasted that these companies will triple their net-worth in a space of 8 years.I did not regret taking he's advice because I've made over $860 in raw profits over the years.I started with $80k back then. Since then his been handling all my trades for me
You talk like coming across qualified people like this is easy. I've been in this for a while and I know only the skilled profit from it. I'd like to know this Mr Mika. He looks promising. How do I reach him?
His mail is
@
Best investing advice is from watching your videos. Buy business you use and understand. You don’t make money from buying or selling, but waiting. I was in college during internet bubble, lack money during that opportunity. Didn’t have your advice during housing bubble, goal was 100% return and got that after 3-6 months. But most of those stocks went up 400-2000% if I had just done nothing. Expanding my list of potential good companies weekly, waiting for next opportunity and will be patient this time.
i really liked the tip on buy the business not the stock. that would definitely have me thinking twice
Golden advice! Best advice...the last one..learn to say No a lot...so that when the best opportunity arrives, you can load it in truckloads!
He's the wealthy Uncle everyone wishes they had, that'll share stories and give you the confidence for you to become wealthy yourself. I love these videos.
"Profits are better than wages. Wages make you a living, profits make you a fortune"
Investing with the right strategies and broker will change your life for good.
That's true. The right info can make or save you thousands. That is why rich people pay premium for good info and services.
This is incredibly right! Let an expert do their job, seek the help/advice of a broker to get you closer to your investment return goals.
A full explanation of how compound interest works was the best investing advice I ever got.
The BEST advice I ever got, “get started”, which I did in the early 90’s. It’s been fun!....
You are sincerely one of my favorite investing inspirations in life. Maybe if it wasn't for Warren Buffett, you could probably go for number one. Love your content! Thank you!
I definitely think you should spend money on travel and getting out there to experience the world, it will grow you and enrich you as a person. I couldn't imagine being old and rich but never having lived my life. But definitely all the other rubbish you can ignore, like expensive clothes, alcohol and meals out, pointless furniture etc..
Like this one. Do both travel and invest. For me it's a good way to find the balance between improving yourself as a person and your finances.
That's what i do, better do travel or any outdoor hobby you like. While you still can 😁
Well said.
@@krystal5887 That is true. Where are you from?
This awesome. It's never too late to start. I started investing with olxonhackers com for about a year now and it's paying off. I get 30% ROI. It's never too late, start now
Great video
I will advice new investor to invest wisely due to the high rate of scam in the market.
Sometimes is not all about investing,
But investing with a sincere broker and an expert that will guide and handle your account
The rate of scam is just much ... one have to be careful
Yentoho Suto
Yes
very very Careful , the real ones are still out there for investors
Many Brokers gives good and useful advice to beginners..
I will highly recommend Expert Ishmael as one of the best Brokers
The advice that recently helped me most was Warren Buffet´s advice: before buying write on a piece of paper why exactly you want that company. (The price might go up does not count as a reason.) Your advice is great, too. John Bogle preferred mutual funds and was not happy that Vanguard also offered ETFs. He thought that it was a disatvantage you could sell them so fast. He thought that laymen might panic and loose a lot of money. Combined with taking your advice one should be somewhat safe.
i do have to say the the best advises i gotten lately are from you!!! Thank you Phil! You Rock!!!
The best advice I ever got was from you! I attended your online workshop and want to attend again. I hate the idea of real estate managing or investing in a bucket like the s and p and this is so easy! I love research and you taught me to just find companies I value and buy them on sale and wait. It's so easy for a lazy bones like me. Suits me and I'm excited to get started with the knowledge I gained from you. I bought your book many years ago and your way of investing makes so much more sense to me. Thank you!!🖤🥀🥀🥀
Best Advice:
Just start!
@@jeevang7853 Gold is a safe bet
I've had literally ZERO investing education before finding Rule #1 and you (Phil Town). I've been listening to the podcast for a few months now, and I'm actually very grateful that THIS is my only education. I try to talk about it with my family and they have zero understanding and hold a TON of fear about investing. I'm taking my second income, learning how to value a wonderful company, and am excited to one day (soon hopefully) be able to load up on a great company on sale. I don't want to be working a 9-5 fm until I'm 70 and would love to get really deep into this practice and make it my full time job!
I’m just starting my rule#1 investing journey and I’m going to the October class, but the most important thing I’ve learned through the intro lessons are the 4Ms. Also not directly from you but your daughter’s book I’ve learned it is possible to invest well and rule#1 methods work!
Looking forward to seeing you at the workshop in October, Tyler!
My best investing advice... learn to invest.
Best advice came from Warren Buffet....rule number 1 Do not lose money. Rule number 2 Never forget rule number 1
Some of the best advice I got was from you, and it was "dollar cost averaging with a brain"
That's a great one, Bogdan!
Depending on who you ask, investing successfully can either take up one's lifetime to master or one big push of luck at an extremely opportune occasion
Yes that's correct. You'll come across a lot of trading gurus with different approaches to the market, only to find out that some losses are inevitable and some huge profit can only be taken from piggybacking a strong market movement during high impact news release
That's why I always advise traders to invest with Mr Dan Raziel’s platform. On his platform I never experience any issues of re-quote or fake slippage.
How can a beginner start off well without getting to loose money
+1 872201 8317 that’s his WhatsApp number Or
>>> DanrazielConsults {@} g ma il com
Learning from (or better yet, with) mentors who are successful and experienced forex traders is probably the easiest and most effective way to receive trading knowledge and practice to forge your trading career
Learned so much at your workshop and still trying to wrap my head around it all. The toolbox is amazing.
"Buy businesses, not stocks!"
You ask to comment on the best investing advice I ever got. Thirty five years ago I read a booklet by A.L. Williams in which he advised never to buy "Whole life" Insurance policies. They charge a large yearly premium, keep all the proceeds to invest themselves and years later return a small amount of the "growth dollars" to you keeping most of the gains for themselves.
A.L. Williams teaches buy the "term insurance" you need for now (the cost is 1/10th the yearly premium of whole life) and invest the difference you would have paid for whole life. In this way you get all the gains rather than the insurance company. "Buy term and invest the difference".
Best advice I got was do your homework, before you invest...
Investigate before you invest
Then you should not invest because I'm already picking up reasons why this happened to you or to whoever and there are ways to prevent this.... A value investor that's educated does not suffer from this problem and even if it happened with one company long term it doesn't affect his/her investment....
You are the best Financial adviser. It's an eye opener for me. I attended Rule one investing convention in Atlanta on June 15th 2018 and this had perk up more interest in me to learn. The best investment I had done when I signed in for the courses and the training on July 5th, 2018. I am still learning and needed to have more confident in myself to do investing Thank you very much for sharing your wisdom to open up my horizon in the world of investing.
Best advice we received is: stop putting your money into someone else's home. You'll never see that money again. Whereas if you put it into your bbn own home, you'll get a lot of it back someday! WHAT A PERPSECTIVE! I now own 4 houses and I'm only 24 years old! New investing video is live on my channel!
Phil Town nailed it. This channel is very educational and the explanation is very easy to understand.
i love the way you talk. Not flashy or too fast. Easy simple language for a beginner like me. Thank you Phil :)
Thank you for this, this is very good information for a guy like me in my mid 20s. I have been following all the hype stocks lately. Trying the get rich quick scheme. What you are doing and saying is way more valuable and important
Thank you very much!
The best overall investment advice has definitely come from Buffett/Munger, but as far as putting a practical structure to actually apply their methodologies, you Phil have definitely been the best at that. Thanks for changing lives!
Can you make a video on how you value bank and insurance companies? Is it any different than MOS/PBT/10CAP methods you use to value other companies? If so, why? Do you use the zombie value methodology to identify whether current market price is trading at a discount to the balance sheet’s assets for these types of financial companies?
Probably from my dad to invest in the stock market back when I had my first full time job in my early twenties. Getting started early helped me learn and be aware during the ups and downs. I’m so much further ahead in my net wealth if all I did was just save my income. I’m actually surprised by how few people I know don’t invest and just leave cash in a savings account or mutual fund. I know many of them think real estate is how they’ll save for retirement.
I really admire the true power of realistic philosophy , it makes all the difference in life
Omg! You are so right! This so simple to do, but we (as always) tend to watch things by a really complicated perspective....!
Is not easy as you need discipline and responsibility to make money on future.. lot of patience and not having fear os desesperation... Well it's to much and THATS WHY ONLY 5% OF INVESTORS MAKE REAL MONEY
Laurina Tsvacenko youre beautiful can i take you out for dinner
For me, this is the best I advise I ever received. The farm land example really wake me up. Permit me sir to keep this video like a treasure. Thanks. Greetings from Africa 🌍👋
You also say you watch MACD, stochastics and moving average to move in and out. How you doing that if you’re not looking at the price all the time?
Yes, it was from you Phil! I am so grateful for attending your workshop here in Toronto, Ontario, Canada! Thank you!
Most times it amazes me greatly the way I moved from an average lifestyle to earning over 80k per month, utter shock is the word.
I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
80k per month?
One of the best Invesments advice was to buy just a little bit and if the stock price drops then buy a bit more
There's really no reason any couple can't invest the other income, so i agree. I do invest about 20 percent but I'm getting better about spending the rest, especially in travel because i still have the energy to do it and it's inspirational.
Best advice I ever got was to be extremely patient after BTFD. Like a man walking up a hill playing with a yo-yo, the hill is the market and the yo-yo are the stocks. Occasionally though, the hill changes right under your feet. Good luck.
Best advice I heard are as follows
1- don’t buy the banks products buy the bank instead!
2- like a bar of soap the more you handle it the smaller it gets!
3-Be greedy when others are fearful and be fearful when others are greedy!
Start early and invest consistently ... If you put $100 away each month starting at 18, when you retire at 67 in a basic mutual fund that earns 12% per year, it will grow to over $3million dollars
thank you so mch for this ove learn now what is investment really good for me
"learn to say NO to investment opportunities"
Invest in a farm and own a crop.
That's the best advice.
Actually this is great advice, concise and straight to the point, thank you and great job!
Thank you for watching, iMotion Media!
Really good information. I wish I had received ANY good investing advice before my 30s. At least I was told to save my money early on! Eventually got it working for me. I’m most interested in your thoughts on investing in individual companies. 🙌🏻
How do you work out if a stock price is overpriced/underpriced?
Much of your vids are quotes of Warren and others, just without the weird accent but way cooler and more articulate but easier to understand. Which is good.
Great vid and enjoying your Rule 1 book. One question: with so many business to research (even in your understanding/passion zone), how do you find ones at the right time and right price?
Great reminder of great advice you constantly give us. We tend to forget these things and it's great that you remind us.
New investor here!!! Thanks Phil, I am learning a whole lot of info from you.
Bedt advice was from you and warren buffet…. “You said threat the stock you buy even if its a small piece as if you were buying the whole company! Is this a company you would want to own 100% of!
Warren buffet: when the market crashes! Treat it like a sale! Thats when you buy, you dont run out the store because everything is available at possibly the lowest cost ever
hi Phil, you opened my eyes to investing. Thank you!!
The number one reason people don’t reach their investing goals is they never start investing in the first place, not that they made a mistake or invested in the wrong thing. Paraphrased from Dave Ramsey
I love this...Thank you Phil...I loved the part when u said it takes time and research and where the opportunity comes in load of the truck. I'm going out with a wash tub.
Thank you so much for watching! I am glad you liked the video.
pay yourself first is the best investment advice
Just found your channel today and it is fantastic! Great advice, especially for sharing with people who have the same mentality.
Don't be in hurry during buying the stock takes time and sitting with little bit extra cash after proper investing and I think Discipline and continuous acquiring knowledge and real experience is very important
Most times it amazes me greatly the way I moved from an average lifestyle to earning over 80k per month, utter shock is the word.
All the best advice I received has been from you!
This was the best investing advice I've ever gotten 🙌
I believe in the power of saying NO to most investment opportunities. Couldn't agree more.
Not to check the account constantly - good one! Thank you
Great video, Phil! Really insightful! Keep it up!
My best advise I got was when I didn't know how to invest and I have to change my knowledge from speculation to investing. It a simple sentence: When I'll have my money back ? The sooner, the better !
Figure out how it is possible to take you money back on the day 1 of the transaction ! Risky !!!!! But i did it a few time
Sir, I wanted to ask, I have been hearing your videos and absolutely love them. The rule number 1 don't lose money, how do you not lose money. Haven't some of best investors lost money?
Wow what an incredible video man! Love what you’re doing and how you’re doing it keep up the great work💙
Phil, how old we you in the story you told about when you were a river guide and first learned about investing?
The best investment advice I’ve ever received. "Load the truck when its raining gold."
I’m going to somewhat disagree with where you stand with Bitcoin, however I do agree that it’s an insanely volatile market and isn’t even old enough to drive. So yes I wouldn’t put the bulk of my assets into it, but I will definitely have it present in my portfolio.
However, I’m not going to just single out on Bitcoin, as there are other crypto currencies that have better potential and better returns based on initial investment by comparison.
I would appreciate if you put more of your input in cryptocurrency in general regardless or not it’s a good investment, it’s informative especially when they’re now being listed on NASDAQ.
Some of its listings (or planned listings) would include BTC, ETH, XRP, etc.
There are plenty of people who offer advice on crypto already. Personally id only be interested in crypro if it had a legal use. Apply the 10 year rule he just mentioned. Would you be speculating or would you know? Im a gold man myself. In 10 years im pretty confident its purchasing power will be the same as today. Fiat definitely wont. Btc? I have no idea. And anyone who thinks they do is holding a personal belief or speculating.
Tesla
This are valuable advice! Thanks
Whats there to learn, buy low cost index founds set it and forget it.
Great video. Concise, relevant, very well presented.
The Best and a Tanker Full
Yes. it is from you Phil
Thank you for sharing all the advice. I really appreciate you doing this. I'm soaking it all up like a sponge!
P.S. YES THIS IS THE BEST INVESTING ADVISE IVE EVER RECIVED!! #1
If it was "don't loose money"i swear I would have unsubscribed 😂😂
rule 2: see rule 1
8:28 there u go
If you unsuscribe we shall have more money income in the future xD so pls do so
Lose
That's a great rule, douche. Go fuck yourself.
Phil you are a legend.. You are the type of person I would like to be my best freind...
Hi, I would say I have learned about saving money from income first and then investing the money saved and Compound interests learned from high school. When i was in my mid 20 I read about Warren Buffet and started reading the intelligent investor. Now im in my mid 30 and picking up some of your good advices. ^_^
Right now I own a farm, real estate rent out in the city. I pulled out all my S&P 500 index few months ago fear it will tank and I'm just holding a right amount of cash waiting for that crash
@PhileTown : Great advice, Is it recommended to set Stop Loss in stocks ?
Thank you for great advice. I was thinking and approaching exactly you just said. I'm doing right thing
masaichigo
Cool to hear you were living in Arizona!
I’m from Safford, but currently live in Gilbert!
Thanks for your awesome advice!!! Will definitely take it to heart!
So Glad about this video as I learnt soo much from this video!
When are you making a video on $haka my friend??
Thanks A lot ❤
Great info , thanks
Great vid thanks for sharing
Keep it up Phil! I am watching every single video:)
I heard your videos love them. Do you have recommendations. On how to do deep research on companies before investing in stocks such as understanding management, and how to spot character flaws etc.
4:32 - 2nd best advice? I never knew "best" can be applied to more, than 1
yes, i got the best investing advice. These thing can helps a new invester like me to understand where, why and how much time required by a investment to give the benefits.. Thank You
I bought a random stock for 1 dollar, sold it for 1.50. Watch out Phil I'm coming for you
Miss April Nicole would always say; "crypt0 now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today" Am a full time believer now 🌄
Teele-G : @sayhi2nicole
Success 2 u...