As mentioned in the video, investing isn't about the brain. It's about the stomach. If you can stomach the volatility and the unpredictability of the stock market, then with time on your side, you will end up okay. You'll be more than okay if you're invested into high quality compounders (versus speculative nonsense). The video I mentioned in the slide. Ron Read, the janitor who became a millionaire from dividend investing: ua-cam.com/video/X52SkRqxySQ/v-deo.html
@@usedcolouringbook8798 Yes! I personally have a very low risk tolerance after learning from my mistakes. And even before the mistakes, I never bought into the idea of 10x my money overnight via crypto or anything like that. If someone has little regard to risk, then they'll be more attracted to investing into options that have little to no safety (all or nothing biotech, yield-traps, value-traps, etc.). I should have added that point in the video but I guess I thought "speculative" companies covered it. But it definitely deserves a slide of its own.
@@UsernameAmos Thank you for the reply! I've fallen for the yolo traps a few times (only losing a few hundred dollars overall but when it's your last it might as well be all the monies) and I've learned some of the warning signals but I'm a day trader at heart. I follow you and a few other dividend investors here on youtube to learn how to spot good companies and gauge when to take an "all-in" attitude. One of my goals for dividend investing is to day trade with the dividend from something like JEPQ (I like the NASDAQ), which just makes the losing more palpable to me since it's not coming directly from my savings.
Yeah, if you are eyeballing retirement or are already retired, the strategy should be different. I made a video talking about that: ua-cam.com/video/8bS47MwaD6s/v-deo.htmlsi=lCwyr74Db4e67H4s But if you’re 5+ years away from retirement, I’d argue time is on your side!!
I had to reupload this video to fix a mistake I made on one of the slides!
Oh a refresher of this morning? Don't mind if I do.
As mentioned in the video, investing isn't about the brain. It's about the stomach. If you can stomach the volatility and the unpredictability of the stock market, then with time on your side, you will end up okay. You'll be more than okay if you're invested into high quality compounders (versus speculative nonsense).
The video I mentioned in the slide. Ron Read, the janitor who became a millionaire from dividend investing: ua-cam.com/video/X52SkRqxySQ/v-deo.html
What if you have too much risk tolerance? Could this attitude have an overall impact besides willing to yolo at a drop of a hat?
@@usedcolouringbook8798 Yes! I personally have a very low risk tolerance after learning from my mistakes. And even before the mistakes, I never bought into the idea of 10x my money overnight via crypto or anything like that. If someone has little regard to risk, then they'll be more attracted to investing into options that have little to no safety (all or nothing biotech, yield-traps, value-traps, etc.). I should have added that point in the video but I guess I thought "speculative" companies covered it. But it definitely deserves a slide of its own.
@@UsernameAmos Thank you for the reply! I've fallen for the yolo traps a few times (only losing a few hundred dollars overall but when it's your last it might as well be all the monies) and I've learned some of the warning signals but I'm a day trader at heart. I follow you and a few other dividend investors here on youtube to learn how to spot good companies and gauge when to take an "all-in" attitude. One of my goals for dividend investing is to day trade with the dividend from something like JEPQ (I like the NASDAQ), which just makes the losing more palpable to me since it's not coming directly from my savings.
Why does the description seem AI-generated? Boring stuff overall. Time is not on everybody's side.
Yeah, if you are eyeballing retirement or are already retired, the strategy should be different. I made a video talking about that: ua-cam.com/video/8bS47MwaD6s/v-deo.htmlsi=lCwyr74Db4e67H4s
But if you’re 5+ years away from retirement, I’d argue time is on your side!!