I Found A Business That MIGHT Never Fail
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- Опубліковано 4 чер 2024
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Thanks to Spencer and Lone Star Trash for letting us spend the day with them! Here's how you can find them.
akaspencerscott?l...
www.lonestartrash.com/
Watch another Main Street Millionaire episode here: • Main Street Millionaires
00:00 Intro
00:30 How He Started
05:14 How Much He Makes
11:40 Costs
13:00 Why a Trash Business
18:55. Lifestyle Change
22:20 Pros and Cons of Trash
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WHAT BROUGHT ME TO UA-cam: I worked at Goldman Sachs, in Private Equity, and built up a $100M holding company. But after being in Wall Street for so long, I got tired of managing hundreds of millions for the rich. Investing was for the few not the many. F that. You all are the reason I do this. We as a society need to get rich together. My mission is to create 100,000 business owners, I hope you’re one.
🚨FREE investing and money Newsletter to 750k+: contrarianthinking.biz/yt-lg
💸If you have a startup you want $ for: www.contrarianthinkingcapital.com
🤝If you want to sell us your small business: www.mainstreethold.co
📸 Instagram - / codiesanchez
🐦 Twitter/X - / codie_sanchez
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All content on the Codie Sanchez UA-cam channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. - Розваги
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How to Start a Garbage Truck Company!.... or Why a Trash truck Company will never Fail! Use Key words
i can not stand feminist
I want to hear videos I told you that it would be very lucrative of being a collection in garbage collection or clean up.
literally 0 videos ever cover setting up the business. surely he had to talk to the town / state to et up a business. taxes? how did he set up his bank? did he do self employment? llc? license to drive the truck? it's not just buy a truck and trash cans anymore. it's 100000 hoops you have to jump through. I want to start business / sell ideas to companies but it feels impossible to even think about doing it.
@@ArticulateArena If you have some time?, please enlighten me with your ideas.
This guy is the definition of not having the knowledge but having the will and taking a chance. He took the chance and came out on top. Good for him.
I think it required more than just that. He also had the ability to come up to speed fast on things. Plus, he already seemed to have a lot of knowledge on the business aspect. It's easier to learn how to drive that truck than it is to learn what truck is best to get, how to finance it, etc.
Yes, but its a bit premature for a 15 day old business. A lot can happen in any business over the months and certainly over the years....hence the reason the success rate of a business is less than 5% reaching 5 years.
the way he speaks and converses about the numbers with Ms. Codie tells me he has a lot of knowledge.
I just never thought there was that much money in garbage
@@woozy607 Like most businesses I think it comes down to competition. In my city he would have to compete against the city itself. That is hard to do when every time someone moves here they don't even need to do anything but check a box to get city pickup. I even specifically told the city I was going with a private contractor and the city still signed me up with city pickups. I had to go through a bunch of red tape to get the charges removed, etc.
Btw, the contractor I went with has to deal with having only 1 to 2 pickups per block, if that. Yeah, that adds up to a lot of customers but they have to drive all over the place. The guy in the video has the opposite situation. Like we see in that one clip where the competition had that one sucky pickup where they had to then back out.
Wow. Talking to a real business owner who is actually hustling and running something with tangible assets! Fantastic!
Outstanding information,with world crisis,rising inflation and economic instability due to poor governance, consider digital assets as a means to attain financial freedom.
Building wealth involves good habits and risks like putting money into solid investments like digital currencies,having a good financial manager is what people tend to shy away from,and it keeps hunting them in the near future after many losses, be disciplined and get certified advisor pray that anyone reading this will be successful!!!
It isn't just about making profits but also involves minimizing losses and staying resilient amidst market volatility.
Thank so much for the advice been seeking means of being successful in the digital market,do you recommend any professional ?
I don’t really do but luckily Anna Dorris Arthur is the best I can recommend so far..
Spencer is a neighbor. we switched to Lone Star shortly after he started. Barnes was a great company. unfortunately , Cards is not! We have been very pleased with Lone Star. Thank you Spencer for saving the neighborhood from Cards!
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
This is almost exactly the story of how/why I started my dumpster business!! And he is not lying....6 figures first year!!
Please I'm about to start mine, what advice can you give me
6 figure net or gross? Before or after expenses and dump fees?
@@riumudamc4686 over 100k gross revenue
@@riumudamc4686before… businesses can gross multiple millions a year and net less than 100k. Farming for example. The average person does not understand equipment costs and operating expenses.
@@SadeeqDahuwa Become a trashman
Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.
I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA!
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
"Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment!!.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip!
This is awesome. As someone who worked as a tech for Waste management you are going to go tires a lot especially if you drive the truck into the land fill instead of a tipping area. Also you need to find a mechanic who has waste experience or get really good at turning wrenches yourself. I hope you have a few down days that you can go over and work on the truck. Make sure you keep up on maintenance otherwise it will show its ugly head one way or another.
This is the smartest comment of all the comments ever commented... Trucks will make or break you.
Love you guys sharing these insights with each other.
As a mechanic/business owner I agree with this 100%, learn to change your own tires, brakes, service & simple fixes will save you a ton. Also keep it clean & be careful around it, sounds dumb but I did a head gasket on a trash truck & had a really small cut & got MRSA from it.
I used to own an HVAC company. I bought many U-Haul style box trucks from the USPS and converted them into installation trucks. I got a 24 ft box truck with like 30K miles for $2500 or maybe $4000 from a US Gov auction. I simply paid a local mechanic, I think it was $120 or $140 to go do a vehicle inspection and test drive of it. Then flew out to CA to drive it back to AZ. I often spent more on the installation of hydraulics lifts and the company logo wraps than I did the trucks.
Excellent video Today I reached $200K I'm really grateful 🙏 for all the knowledge and information you gave given me in the last few months. I started with $25K last week
Wow this looks great please how can you earn the amount you buy a wait
Buy and hold is risky because no one knows what the market will be like in the future so it's better to invest rather than buy and hold because in the process of buy/hold you can loss everything when the price falls against your expectations
Yes it's over and that's what many investors don't know especially newbies
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
He's a licensed broker here in the states
A person needs to buy the truck, you have to note, in some areas such as where I live, (non-HOA) but garbage bill is funneled into my local water bill. Then garbage trucks are notoriously needy for repairs and maintenance. Then you have to pay to dump in your local garbage fill. Then Gas isn’t cheap nor free, then tires at least 1x per year gotta be changed, this business is a perfect example of right place right time to start
The trash pickup is in our property taxes here, even harder to get around.
Yep. Many counties have monopolized this and you can't pick up or dump without county approval. Not a business than can be started in majority of US counties.
Yeah, I think most starting out in this business would have a much harder time. He was smart though and didn't consider doing it until the only other garbage company in the area started messing over their customers with ridiculous fees. Instead of him begging people to sign up with him he had them begging him. That gave him that initial revenue that I suspect most new businesses struggle with.
And monthly storage fee for the trucks. They will need constant maintance for sure. Can certainly make it work but he has been in business for 15 days. Time will tell.
This guy is solid. I give it to him. To be honest, I don't think I’d have the physical strength for this. I put in 20k into various assets last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, I always look forward to your content Codie, keep up the good work.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
I have some money saved from day job. I have no idea where or how to invest. How are you doing it, Leon?
My colleagues had a good laugh at me when I told them I started my journey with $20k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L.
I know that learning the ins and outs of the stock market isn't for everyone, that's why personally, Jonas Herman, a certified fiduciary oversees my investments.
Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
Hi. I’d like a pointer to get to Jonas. I've tried stocks myself and failed multiple times.
We've been doing junk removal in south east Florida since 2021. It's a great business to be in! Great thing about trash/junk is that everyone has it and will always need it to some degree.
Real question...what do fees associated with your disposal look like?
@@Docsamadhi Can you clarify what you are asking?
@clutterreductionjunkremoval When you pick up junk, you have to take it somewhere. They probably charge a fee associated with it correct? How much is the fee or how do you bake that into your pricing?
@@Docsamadhi disposal at transfer stations/landfill charge by weight. Varies by state to state. Trash, debris, and vegetation are the different categories. Pricing includes a mix of disposal, operation expenses, labor up to a certain time limit, and profit.
Not me. I live in the country and burn all my trash, then take the metal to recycling center. I drove a truck for a garbage business once, until I found out the company was charging a separate fee for customers who recycled, yet that truck got dumped in the same landfill as the rest of garbage. It was a scam.
And for those who think burning plastic is dangerous... the landfills burn off the gas every that the trash produces underground, while leaving the rest to penatrate our soil and water. Which do you think sounds more dangerous?
Thanks for this real vid, Codie! Spencer is so casual in his candor about his experiences that he makes it all seem feasible actually. A thought-provoking and inspiring video!
My child has been obsessed with garbage trucks for 11 years now. I always thought engineering, but I could so see him and his buddies doing this! Sticking it to the man lol
Indeed. Perhaps there is a trailer that has that arm
My three favorite channels: Codie Sanchez, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Stock Brotha is a Drake and by that I mean pedo.
🎉🎉🎉🎉 What an amazing story 😮! This is a very smart guy and even though I don’t know him, I feel proud of what he’s doing. Thank you Codie for finding and interviewing him. Blessings,Carlos ✝️🙏❤️😊🇺🇸
I have mad respect for this man that started and owns a trash business!
I love the way you laid everything out in an easily digestable manner for a future business owner such as myself (Handyman Business)!
Thank you for this wonderfully thought-out video!
Well done!
Kudos to him!!! My pops has been in that industry for 40 years… I joined 5 years ago to the same family owned business. It was great but they were bought out by corporation. Definitely miss that home town relationship w/the customers.
I wish him major success! Great interview
My first reaction was... Why would a guy leave the IT industry where he could make $300k+ per year to start a trash collection business?
My second reaction was... that's so awesome!
To be an entrepreneur and become a millionaire. 😊
@@angelamilliken2992 Yes... but it's easier to achieve both of those goals from within the IT industry.
Apparently, he wanted to pursue a different industry and a different challenge... and I have incredible respect for that.
You could lose your job, but every household has trash... Job security
@@eddiemalvin As a 10 year badged IT guy, I can tell you that while I'm pulling 6 figures, hitting 300k is not at all easy. Also, you're more likely to only find such salaries in higher cost of living states and with big companies like Netflix, Google, Amazon, etc. And even then, only the cream of the crop are even getting interviews there, let alone getting hired. Even more, it depends on what branch of IT you're in. Generally, you're only going to getting over 200k if you are a senior architect or security guru.
Luv this interview. Always admired entrepreneurs. At 38 years old i did a career change. Now manage and fly corporate airplanes. It's never a job when you love what you do.
Did you have your pilots license before you turned 38?
How long did it take to get that license?
I did not have my pilot's license before age 38. I went to a accelerated flight training school. Got all 9 rating's in 10 months.
@@richardrickert3138 that is badass!
He basically picked up work and revenue these big company deemed too much trouble and wasted time. This is an excellent example of a great business, I am jealous. Perfect showcase for Codie's channel.
Good point. They may not be able to compete with the efficiencies of the big operations if they try to get bigger.
He saved our neighborhood from Cards. Cards is a horrible company. Thanks Spencer!
How did he make u trust him with the prepayment? How did you know he would perform?
Lol ..jealous? That's the part that scares me about your response.
We are proud:)
@@snorttroll4379he started in his neighborhood, that helps a lot. Right place right time. I think they hated their garbage company as well
These are the episodes that I love, the owner is down to earth, explains everything in detail his fears, his why it was a great episode
I love his rule of the house,,,, " no saying can't" This guy is awesome!!!!
Thank you Codie! This feels so doable! I’m with you that his wife must be a saint. I love the video and what you interview. You are so talented with getting and sharing information. I would pay a subscription monthly or per video for more of this. That may sound silly because I just watched it for free but I appreciate how much money and work and time must go into you producing such high quality media. Seriously here is some $$$$. This is worth more than any class (other than yours) or entertainment I currently pay for.
You're giving me allergies. Thank you!!
You’re not starting this business without presales.
That’s the lucky break that occurred here.
Congrats! 🎊 👏🏽
He got really lucky 2-3 times. Kinda nuts
Love this story. Great to see a regular person getting the business rolling.
Codie, I love this series, I love your content and swagger. Keep up the good work.
Certified Freightliners are the best and easiest to maintain. We had 33 trucks. This is awesome! Congrats!
Found your page out of random and love this style of video where we can see the nitty gritty if the hustle. Keep it up 🔥 Subscribed 🙌🏼
I love this guy, he's so down to earth.
She had so much flow in this one.
Good energy
Great inspiration. Thank you for sharing.
Glad he's doing well.
Good luck trying this in NJ or NY.
The only video I watched from start to finish in a long time. I love it
Amazing! Thank you for sharing. Never knew this business has such high potential
This was a great interview and inspirational MS business idea! Codie you are awesome and kudos to Spencer!
This is so interesting. I can relate to this so much, I just bought a pool cleaning business about a month ago and I never thought I’d be interested in pool cleaning. I also really liked it for the same residual income opportunity as trash collection. I’ve always been a believer in finding the thing no one else wants to do, then scale it.
LOVE THIS SHOW!!! Keep doing this!!
So education. Thank you for the interview.
Hard work, risk, and sacrifice bear fruit. This is a wonderful story of success. This dude is awesome
Astounding highlight and interview with an intelligent and smart working businessman. Your business knowledge is on point and appreciated. Thanks for producing this.
This was great. Really fun to watch!
Gosh I love these types of vids. Do a mobile car detailing business next 😮
This is great! Fantastic story!
This dude won in every risk along the way… every step. Great for him for sure! No one else will be as lucky and will have a ton more challenges. What a great business and story. He’s done so well.
Exactly...
To me he did not have as much risk. He had ppl sign up with a realistic number of participants. Then they paid into it before the service even started. He got his clientele and made it happen. Most ppl start a business and assume everyone will like what service or product without testing it first. He tested it and first made sure there was demand before he supplied, which is really what a good business should do.
I wouldn't call any of that luck and you only seen the problem and the outcome of each situation and nothing in between. That is why everything always looks easy or lucky from those who have never owned and ran a successful business. You only see "needs trash cash...obtains trash cans" - lucky. You didn't see that he called 138 different places and spent three days straight on the phone looking for trash cans to be delivered in time. Where most people would call 5 places get a "No" and say to themselves, "Whelp, we tried." I've owned three businesses and there is no such thing as luck in business.
I have as well owned multiple businesses and there is some luck involved. I’m not dismissing his hard work. Only saying as he was he had a lot of good luck along the way. Perfect storm every step from the start of the business because of the other one underperforming to lucking into the one man truck. He said himself he would have bought a two man because he didn’t know. He was lucky the one man came up first.
I Love this story! Who knew, People attached to the community that they are serving make the Best business owners! 😊
Spencer saved our neighborhood from Cards which turned out to be a horrible company to deal with! Thank you, Spencer!
Call the truck Trasherella lol Stoked for this fellow michigander building something hugely profitable out of Trash!
Being in IT for 25 years, I LOVE THIS SO MUCH!!
This speaks to me. I teach online and have been making a decent hourly for a few years, but I prefer going out on my non working time and delivering on Uber and DoorDash. I make less but it doesn’t feel like work. Im looking at maps, thinking of optimal directions, scoping which offerer is a good deal or not by pay and where it drops, etc. Practical problem solving and quick decisions are more fun to me. I have been looking into getting a truck or van and thinking of more ways to use it to make money being outside.
Beautiful. Saw an opportunity and went for it. That is what entrepreneurship is all about.
I work for granger in michigan, the carts he bought were alchins and less's carts. Both of thoes company's we bought out. I always wondered what happened with all the old companies carts we switched out for granger carts.
Starting a trash business is difficult without the help from the mob. 😂😂
Tony would like to send you an offer you can’t refuse. lol
Editor team needs a raise, high praise!!!
I love his hustle and just can do but also laid back kind of personality. Good stuff! Love the Celsius drink there at the end too Codie! One of my personal favorites too! 😅👍👍
Great experience, amazing risk taken and executed. I thought I recognized the truck, all the way from tucson arizona. Good luck with your business!
That’s awesome !!! Keep hustling that business and own day who know it could turn into something way bigger
This business will truly give you freedom. Glad he was honest about his numbers and not try to inflate his numbers. Then again it would be smart to downplay it due to competition reasons
Thank you for these videos!
I love this ep. Cody!
Great content, two great personalities also. All of the details were nice to know.
Great video. This is inspiring content that shows just how tangible these things can be
my new favorite channel !!!!
Great video love seeing lone star in my neighborhood in Miami. They have a company called sparkling Benz, where they come out and clean the cans. It’s a built-in Pressure Washer, truck that cleans the can. He can also offer the services. I wish him all the luck and for taking action.
Call the truck Big Bill 😅👏🏼
Very Inspiring thank you 🙏🏼
Great content!👊💯
One of your best videos yet! I love the breakdown of the finances, terminology, and insight into how to start from scratch.
Also, love the roast of what not to do!
thanks codie...absolutely loved this one
The content seemed interesting so i clicked. Loved it. Learned a thing or two. Really like this guys attitude, he is gonna reach places...vision & leadership, not afraid to get his hands dirty. Its that hard working spirit that is gonna help a lot. When workers see their boss doing it, its motivation. I hate it though when ppl say "i don't want my kids to work as hard as i did." That mentality is what crashed the Vanderbilt family (check out their story). Cornelius Vanderbilt was a stern hard working man with a strong work ethic. His sons worked hard as well because of him....they in turn, were easy on their children, not wanting them to be exposed to such "hard work". Such foolish ideologies led to spoilt generations who lacked discipline and strong work ethic...it was the beginning of the end. Its such a blessing when ppl recognise the efforts of parents & previous generations....and build on it. "The wise shall live off the foolish"
What a great guy. Good luck my friend! Great story.
Classical entrepreneurship. Identified a common problem. Solved it.
I'm just surprised that the govt didn't come up with a way to threaten him with jail for being entrepreneurial.
😄 cool. thanks . best informative and educational showcase ive seen in long time! good luck man! nice !
Such a great video. Spencer is a stud!
Dude’s pretty chill and straight forward
Every video you make is a great insight to becoming self employed
I work for a leading field service management SaaS company (rolling suds is one of my clients) and the largest churn rate - due to closing business - is junk removal businesses. Appealing due to the low barrier to entry and low skills required. BUT some of them are making 6 figures. You just have to be a bit better than the rest.
Codie, I love your content and would love the opportunity to speak to you and your team about helping people get started with a service-based business. I've got insight into hundreds of companies business and marketing strategies, their revenue and I've personally helped build a number of clients from beginners into 6-7 figure businesses.
The second piece of wood needs a screw on the left side sticking out as a handle if you make it tight with the one on the left. But it’s not needed to do it tight. Just leave a gap for your fingers to hold it.
Spencer! more revenue for you with current customers! Since you have a few days off during the week, offer your customers a small additional fee to have a once a month heavy trash pick up. My local service offers this in my town. Also they will pick up our yard waste and clippings on a weekly basis during the summer months where I live. People will pay for a good service!! Great job and a great video too! well done!
You could add a side to the business and that would be picking up from people moving in or out og the neighborhood. Or a spring cleaning day.
This is amazing absolutely great content smashed it
Solid love the story that’s the way you do it
Absolutely beautiful...and of course the story too
Cant do it here in Colorado unfortunately. Waste management pretty much monopolizes all trash business 😂😂😂.
Edit: Great point on talking about selling the company later on down the line. Genius
Done by local authority (city councils) here in the UK. Trash collection is taken for granted here, we don't pay for it directly.
Waste Management monopolizes A LOT of markets. All thanks to your state, county, and city officials.
Love it lots of blessings to you
That is awesome but in many places you have to deal with corrupt politicians that are working for/with your competitors to keep you from becoming successful
Great Story... Nice video!
Spencer rapid success in the trash business highlights the power of identifying and swiftly capitalizing on community needs. 👏 It's a brilliant example of how agile thinking and community engagement can transform a simple idea into a profitable business with significant freedom and low overhead.
Sounds cool, thanks Codie.
Repurposed materials you’ll have to look them up for their phone number. They’re spread all over the US often gets the refuse totters that are new often needs assembled, which isn’t a big deal and you can get them for less than new cost and on where they’re at and how many you take, there is a possibility of free delivery
Congratulations on your new baby!!! :)
Absolutely Awesome! Love love love it!
Find the why!
We started cleaning artificial grass cause no one realizes how nasty it gets and the kids and dogs track the nasty in homes! So inspiring!
This is a great story and testimonial.. ❤
Presale strategy pays off: Loving Revux early entry!
Great business. There will always be garbage every single day. I love the fact the guy calculated the risk and decided if he was comfortable with it, and once decided, he went in.
Pay attention to the comment from the guy who says he was a Waste management tech. Truck maintenance and repairs are the potential nightmares. That truck will be great until the day sometime breaks and you don't know how to fix it and can't find someone that can. You wind up pulling a trailer since just to keep your customers while you try and figure out how to get it fixed. But trying to be negative just saying plan for it and find someone that really knows the truck or figure out how to train yourself. I had a street sweeping business, as part of a parking lot sweeping company. Really expensive truck, really expensive repairs, hard finding someone to trust driving it. But i always said to myself if it was easy they wouldn't pay us as much as they do. Never had less than 100k cashflow after the first year. Very much liked the idea that we got a customer and they stayed for years some even stayed the whole time we owned the company.
Yup. Truck maintenance these days is crazy pricey, all the parts have 3x in price in last several years. Hourly shop labor rates way up. Few small repairs and easily wipe out all profit for the month of running the truck. Finding quality drivers helps, but also huge challenge.
He should name the truck “Grime Reaper”
Done by local authority (city councils) here in the UK. Trash collection is taken for granted here, we don't pay for it directly. Good story though, still a valuable lesson.
My father in law got mad at waste management once back in the 90s. He start his own trash company called EcoTex. Took the city of Granbury Tx account from them. Ot grew so fast that IESI came in and bought them out for like 3Million dollars. He started with half ton trucks and like trailers with cages, and quickly had to buy trash trucks.
The way I feel when I watch videos on Codie’s channel must be how the people that were successful in school felt when they were actually interested in the class. I love these videos.
Great video! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
it's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.