My biggest investing mistake... [3 Lessons]

My first investment mistake was a doozie. Here are three lessons you can learn from my 18-year-old self.

0:00 Introduction
0:59 Which Stock?
2:17 Lesson #1
4:10 Lesson #2
6:56 Lesson #3

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DATA
The data in this video were all sourced from Zack's free stock screener. Data was as of September 2021. If you're checking this video out months after release, many of the data points may be inaccurate; I hope the concepts remain evergreen, but you may need to refresh things on your end. (Let me know if you want some help and I can do a video on that.)

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DISCLAIMER
This is entertainment only, not investment advice. All opinions expressed are my own. Any stocks or ETFs mentioned may be owned or taken a position within the next 48 hours. Neither the information nor any opinion expressed it so be construed as a solicitation to buy or sell a security of personalized investment, tax, or legal advice. This is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this report. The information herein was obtained from various sources. Dividend Growth Machine LLC does not guarantee the accuracy or completeness of information provided by third parties. The information in this report is given as of the date indicated and believed to be reliable. Dividend Growth Machine LLC assumes no obligation to update this information, or to advise on further developments relating to it.

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[NathanWinklepleckCFA]

What was your biggest investment mistake? And how much did it cost you?

[steveaustin]

I sold 80% of by TSLA position a few months into the pandemic. A $500, 000+ mistake and growing. My wife was opposed to the sale from the start.

[investingbookfast]

I didn't buy amazon at $215 a share because I remeber everyone making a big deal about how they didn't turn an profit yet. Still kick myself for that one.

[wtkyuqk]

Thanks Nathan, very informative video!

[horizontaldad]

Great video … I’ve made so many mistakes during my investment career. The worst was listening to a CEO of a small company (Celerity) that made set top boxes that was going to do video on demand …. Yes they were onto something but they didn’t have the acumen to advance it correctly. I was seated next to him on a couple of flights one night … nice guy and I bought the stock the next day …. I don’t think it ever had an up day and I rode it to bankruptcy. That’s when I realized not to buy companies that weren’t profitable. Well I’ve had to amend the learnings of that lesson to buy Tesla and Amazon but they both certainly had and have true visionary leadership …. And I’m much more comfortable with companies that are consistently profitable. Your discussion about Apple reminds me of my future proofing exercise for Apple that yields me nothing into the future…. It’s been our best performer and has contributed to a comfortable retirement…. But how long can this last on the laurels of the iPhone … yes they now benefit from subscriptions and wearable but it’s still iPhone supported…. Might be a good video to try to peer into the future and report what you see

[johnburger]

Excellent video Nathan! My biggest mistake was selling my Walmart shares in 2007 after buying them in 98. I don't ever talk about it lol. Enjoyed watching 👍

[dantohatan]

My biggest investing mistake was selling a condo I owned in Canada in 2012. I actually only owned 20% of it, barely, and was paying the mortgage and getting a decent rent on it (it was rented out). I did not have the foresight to see where housing prices would go over the next 10 years. Looking back on it now, I could've been $300, 000 richer from just holding on to that condo.

[mikes]

Hi Nathan Have you posted your own portfolio on any of your videos, that I can refer to? thanks

[jwmc]

A research checklist would be very helpful!

[carlosdiscounts]

I made a lot of mistakes before I started watching this channel trying to beat the market with hype stocks. As a tech engineer I only stick to stocks I intimately know now. The one stock in my bubble that I should've invested in 10 years ago and kept watching rise up is Costco. I go there weekly, sometimes daily. My wife says this place is too popular. I was thinking of buying stock last year and thought it was too expensive at 300 than at 380 thought I missed the boat. I finally decided when I saw your video to just buy a few shares for fun. They seem like a great company on so many levels. Looks like it paid off as they already jumped 7% yesterday :)

Costco seems better to hold onto than gold and I love being a customer so might as well own some of it.

[bowenyu]

Hi Nathen, how do you feel about leveraged etfs?

[jjjjns]

Brutally honest. But an excellent lesson. Thank you Nathan

[MrCMPUTR]

My investment mistake was not investing until I was 27 years old

[Jumpman]

Similar to your Apple investment I kept telling my friend I should invest in Tesla. I said it several times and have the screenshots of our text conversations. I didn't invest until way later but if I got in when I started talking about it, 10k would be 220k today. It's my biggest investing regret.

[shapiro]

Can you do a review of Joel Greenblatt's Little Book That Beats The Market and the Magic Formula investment strategy the book is about. I know it's not magic but does it work?
Love the book but wonder how well this would work considering it doesn't factor in growth, only return on capital and price.

[nickwlvnv]

My biggest investment mistake is simple - not starting early enough.

[fytilis]

Same ! Back in 2001 … I saw the first iPod!! I knew that company will do great, it was a raw feeling .. I was thinking to buy 1000 British pounds in stocks, never did .
Tesla stock 3 years back .. same mistake . Learning curve ..

[sunlite]

Well said. Now is AAPL a buy now at $162? Maybe? Maybe not. Best advice to prevent a financial disaster> ETF

[speedsterwinston]

Like you my biggest busts from investing is buying stocks that I don't know anything about. I bought a few hype stocks and lost money on mos5 of them. Most of the money Ive made in the market comes from solid companies and indexes.

[gurusukh]

Winners keep winning in the stock market. Most investors think they missed the train and don't invest in long-term compounders, when in fact the growth runway for those companies might just have begun or might have taken a turn for the better...