3 Simple Investing ideas you need to know

I remember working 30 hours a week at one Job, 20 at another, and then trying to build a business on the side. One job paid $8.25 minimum wage at the time and the other paid me $10 an hour.

????Call Me????: https://bit.ly/30IBr0i

????Second Channel????: https://bit.ly/3c4sVPS

????1 on 1 Talk + My Budget + Stock Investments????
https://www.patreon.com/tommybryson

????MY M1 FINANCE PORTFOLIO???? PLUS $10
Link: https://m1.finance/fQsrul1PZcHM

1. Diversification
– This is a word you hear a lot in investing
– But maybe some people complicated to much
– They make it sounds like you have to a genius to this correctly

What this word means:
– It means to spread your money into to different investments
– Because its never a smart of idea to put all your eggs in one place
– Or as they say investing, putting all your eggs in one market ( because by the way we also have internal markets we can invest into)

My Personal Portoflio:
– I’ve diversified my investments into 7 different ETFs, and my retirement funds also have 7 different index funds
– Why is this, because I don’t want to put all my eggs in the US basket
– So I have some Internationally, Smaller marker, Emerging market, Bonds market and lastly even into the real estate market

Different Layouts depending on age and temperament:
– I like to sleep at night
– If you want to take a little more risk then go for it
– If you a lot of money the bonds will be enough

Tip: this Portfolio was built by Harry Markowitz an Economist that won the Nobel prize in 1989. With an estimated net worth of $737m.

2. Rebalancing
– This is sometimes that I don’t like doing
– So a big reason I invest with m1 finance is that It does the job for me automatically
– But if you have an advisor they’ll do it too, but then you might have a fee, and that’s annoying

What this word Means: Why it matters
– Investments go up and they go down
– And sometimes the balance you want to keep is not going to be maintained
– So your job is going to be, to sell some of the investment and buy others one to keep the write balance
– This is important, because if a certain part of your portfolio becomes to big, then your going to be at risk if that area takes a crash ( so you want to main your portfolio )

My Personal portfolio:
– Showing the underweight and overweight securities
– And how m1 finance can do the job

Tip: you only need to this every 12-18 months ( I do it every 18 months, so for now I’m leaving it the way it is)

3. Dollar Cost Average
– When I first heard three words I was instantly confused
– But again this also very simple

What this word means:
– You want to average the cost of your investments ( basically how much you paid for them)
– It means you want to invest the same amount of money regularly
– So you can buy an average price over along period of time
– This lower risk of buying to high and then having to wait years for a recovery

My Portfolio:
– I set automatic investment rules ( to invest the same amount of money each week or each month)
– But when the market crashes I keep buying and when its up, I also keep buying ( that means I get the average price every year)
– Studies show that in the long term this is going to pay off

Tip: this removes emotion from investing and trying to time the market

* PRO TIP*
INFORMATION IS EVERYTHING

????Merch????
https://teespring.com/stores/tommybryson

✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬

????M1 FINANCE $10????
Link: https://m1.finance/fQsrul1PZcHM

????ACORN FREE $5????
Link: https://acorns.com/invite/38EYSU

⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: https://amzn.to/2VGbxt9

????????‍????DISCORD PRIVATE GROUP????????‍????
https://discord.gg/EcZEHpA

My Camera Gear: https://www.amazon.com/shop/tommybryson

✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w

????All My Social Media????
Link: https://linktr.ee/tommybryson

*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson 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. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

source