5 Things To Never Do When Buying Stocks

When I was 19 years old I started investing into the stock market, I manage to save $10,000 dollars and I wanted to flip that money into more money; so I got me a mentor, and this mentor knew a little more than I knew about stocks which isn’t impressive, because I didn’t know anything.

So this entire video, is me correcting the mistakes and the advice my mentor gave me, because years later and many books later, I’ve learn more about the art of investing , and he was very wrong. SO I want you to avoid my mistakes, by following this advice.

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

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

????????‍????Financial Freedom Course????????‍????$100 OFF CODE: LONGTERM
Link: https://longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom

????MY M1 FINANCE PORTFOLIO???? PLUS $10
Link: https://m1.finance/37SHd4241z-N

1. Never Buy IPO ( Walmart 10 years later and you double your money still )

-My mentor said, get in early, imagine if you bought apple at the very beginning

-This is when a company has a intitual public offering

-It’s a company that’s private, going public and want to raise capital to grow the business usually

-For investors this is a great opportunity to get early however for seasoned investor they know its not that much of great idea

2. Never Sell your winners and keep your losers ( leaving the weeds and taking the flowers )

-The worst advice I got about stock investing was from my first stock mentor, a man that knew a little more than I knew and I knew nothing

-His advice was sell your stocks when you have 15% profit and sell them if you have 15% loss

-I followed suit and made some money, but It cost me 10s of thousands of dollars

Here is why:

-If you’re planting apples and the tree is doing great and it shows signs of making us more apples, would you cut off when it makes one apple

-Or buy grass and you start to see weeds mixing with your flowers would you cut the flower and leave the weeds

My biggest lost was with ETSY: I sold for 15% gain in 2017 and without the stock splits I could have made a 10-15 bagger of this one stock. Walmart was another and even another stock I won’t mention because I’m reviewing it right now

3. No matter the Price of a Stock, if it goes to 0 you lose 100% of your money

-My mentor again, not the best track record, he said Tommy never buy a stock once it goes beyond 100, its just to expensive at the point, stay below 100

-But the truth is that no matter what the price of stock is, if it goes to zero you still lose 100% of your money

-Back then you couldn’t buy fractional shares but today you can

So here is an example:

-If a company is selling over $100, but it has great prospects for the future and another company is selling for $50 and it has bad prospects for the future, which ones do you buy

4. Never Use Margin (when market crashes it should screen opportunity, not margin calls )

-My mentor indirectly gave this advice too, but not for stock but instead of real estate, he said us OPM

-And buying stocks on margin is the same as OPM

Here is the Problem:

-The best opportunities in market, are made when the stock market is down, in a correction or in recessions

-getting margin call is when they tell you, you either add cash or we’ll sell your position

5. Never Invest money you’ll need for something else ( in this business if you are right 6 out 10 times you do great, but not if you cant wait ) – the rule of 5

-You see if I held on to those original 5 stocks, that I chose back then, I would have turn that 10k in roughly over 100k by this time today which is not a bad return for a broke college student

* PRO TIP*
INFORMATION IS EVERYTHING
????1 on 1 Talk + My Budget + Stock Investments????
https://www.patreon.com/tommybryson

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

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

????M1 FINANCE $10????
https://m1.finance/37SHd4241z-N

????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