5 Mistakes Beginner Investors Make

The best lessons I learned have been from other people’s mistakes. That’s why today, I’m giving you 5 things you as a beginner investor want to avoid. But I’ll give you more information you also need.

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1. If it went down this low, it can’t go any lower
– Theirs this great quote, keeping the loser and selling the winner is like cutting the flower and letting the weeds grow
– It makes no sense
– And I did this with one stock and it went $30 to $4 and it can still go lower ( you only keep a company if the fundamentals are the same the business is still good)

2. Stock cant go much higher
– You sell a stock because the price has never past a certain point
– But the truth is, if a company is improving and making more money
– The price will soon reflect that ( and history isn’t that accurate when it comes to this) – I bought Walmart and sold for a 15% gain, that could have been 200-500% gain.

3. Bottom fishing ( buying a stock going down )
– This is the timing of the market
– You buy a stock when its going down, in hopes you catch it at the bottom
– But usually timing is wrong and keeps going down ( like NYSC stock, if yo tried to time it from $15, you would know that bottom was at 20 cents )

4. It’s only $3 a share what can I lose ( $50 or $1 , if itt goes to 0 you lose everything )
– When you buy a stock price is just a factor, but its determined by company value and potential
– Sometimes it best to buy a good company for a premium price
– And to buy a bad company for a discount price..

5. Eventually, they always come back ( sike)
– I bought go pro and stock went down like crazy
– It went from growth risky, expansion ( bad results), establish a company ( not that good)
– And If I caught early on I could have made money, but I caught on the lower end and that’s why I lose nearly 90% of all my money ( it never came back up)

Extra Credit

6. When it rebounds I will sell ( most of the time it doesn’t)
– The truth that some business never come back
– and making mistakes is a big part of being an investor
– theirs Is no investor with a perfect investment history ( including warren, peter lynch, jack bogle, Benjamin or Phil. ) mistakes are a part of the game, and its important to know when to cut your losses.

8. Taking to long for anything to happen ( 3rd of 4th year often)
– patient is a skill and a muscle you have to train
– buying a stock and holding and seeing no change for a while, and you might want to sell
– and when you do, usually that’s when the stock goes up ( the key is holding as long as the company makes sense, and the story is true)

9. All the money you lost because you didn’t buy it
– best quote for miss opportunities is one I heard from warren and he quoted someone else but I don’t remember
– stock investing is like baseball but without strikes
– you only swing in your sweet spot and to the company you understand and care about ( so everything is, is okay if you miss because you don’t understand)

10. I miss that one, I’ll catch the next one ( sometimes its best to buy a good company for a premium than buying the next one)
– it’s like all those companies that promise to be the next apple, amazon or chase
– the truth more than often those companies FAIL
– best to just buy the good company at a premium if the company is still solid

11. Stocks up or down ( so I’m right or wrong)
– its easier to double-check a mistake if you see something negative happen
– but easier to ignore if the stocks is going up
– currently, I’m up on a stock by 48% and I know I made a mistake by buying it ( just because a stock is up or down does not mean you were right or wrong if you didn’t do the correct research )

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*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.

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