How To Start Investing For Beginners

Join this channel to get access to perks:

Watch The Full Podcast Here:

Buy The Unplugged Alpha Supplements Here:

======================================================
Bitcoin Donations

BTC address:
1L1AUHgPeEWXr5AeG6eStRpHsa93FBSNuk

======================================================

This video is not to be reproduced without prior authorization. The original YouTube video may be distributed & embedded, if required.

#richcooper #investing

[richcooper]

Comment Your Thoughts Below 👇🏻

[oliverjodi]

I love how you said "Take bigger bets when you're young because you can afford to fail" not many people understand this, Advice to young people vs advice to older people are two completely different things. This is also why a lot of young people watch your content and why I respect your content the most because even as a middle aged Chad Like yourself you're a very open minded person and can relate to young people as well as older gentleman.

[kayaogz]

Don’t listen to anyone that’s selling you something … Join the 1% community!

[adamgorski]

The most I’ve made is high end vacation properties slope side at a ski area or waterfront

[trentonfettig]

Happy to hear you like Doug Demuro, he's good stuff. You should highlight your cars and such at some point outside the vehicles for us car guys.

[SammifromMiami]

Warren Buffet's investing advice to most people is to put your equities money into a cheap cost widely diversified mutual fund/ETF. VTI is Vanguard's broad market stock ETF. Has every stock in the US. Then put a percentage into bonds. Vanguard has cheap bond funds also. Here's my take on that. As a young person, either get a STEM degree, get hired at 6 figs and put as much as possible away, OR get into the trades, in which after 4 years you will have a good paying job with no student loan debt. Again, put as much away as possible. Have fun with the girls, but no marriage (if you must) until later 30s. Get out and experience the world in your twenties. Travel. Have adventure. Create an interesting life. That will give you good stories that draw people to you. Stay in shape! Put all this money you are saving into Roth IRAs and Roth 401(k)s if your company has them. Screw the upfront tax break. If you are successful in your investing career you will have a big pile and the tax burden will be huge. Put whatever else into a taxable brokerage account. IF. IF IF you have a knack for investing in other stuff, like physical real estate or art or cars, fine. But personally, I believe 99% will do just fine with what I laid out previously. Bitcoin? I have no effing idea. Personally, I believe it's a scam. Same with precious metals, gold and silver. Meh. Hopefully in your late 20s you started your own company for whatever it is you've been doing in your 20s. Then the opportunities for really big money open up in the way of business returns and retirement accounts. A Solo Roth 401(k) allows one to put away $30, 000 in 2023. You guys won't know what to do with yourselves and all your money by age 55. Happy trails!

[g.williamswilliams]

Great advice, ...
Especially the pension thing

[RR-etzp]

Invest in something that changes the way people live for the better and look at the big picture

[Bob]

Does anyone have the link to Rich's video where college girls are asked how much money they think a guy should make? It is hilarious. Thanks in advance.

[izomac]

I'm 23 and will never touch crypto. There are other, and in my opinion, better ways to invest your money. Crypto is more of a gamble.

[abccba]

I’m 20 with 40k saved up, currently making 4k a month. How much would you guys say should I put in bitcoin and eth?

[GymForLifeHD]

you giving kinda okay recommendations as non investor, i catched multiple stock bottoms agree on penny stocks they don't hold power no one want's them it's big risk way better buy good companys with big problems this is where value hides i got meta at avarage price 101 i got philips at 12 check prices ;]

[RichJS]

Ford Sierra cosworth 15k now selling 596.000 easy money 😂

[johnclark]

Here is how I would advise someone to get into investing as someone who does it for a living. When writing this I am assuming you don't want to do this as your career or full time occupation, you don't want to manage other people's money or work in the investment management industry. You are a regular guy who works and wants to invest a % of your paycheck/earnings for the purposes of growing your money and being financially responsible.
First of all YOU WILL NOT GET RICH QUICK. IT WON'T HAPPEN. You need to think in terms of years and decades.

Here is what to stay away from:
1. stock picking - no you won't find the next amazon, INO, tesla etc
2. options that expire less than a year, no your calls aren't going to the moon
3. penny stocks - forget it
4. speculative crypto - forget it
5. 401k, roth IRA crap - the purpose of these is to keep you working until 60. Remember they market these as tax reduced. You don't need to be in the market for 30-40 years in my opinion.

Step one:
learn to dollar cost average into the indices. I recommend you study the volume weighted average price indicator VWAP.
step two:
learn how to buy insurance. This involves the HIGHEST RISK WHEN DONE INCORRECTLY. only buy 1-5% of your portfolio into insurance. Remember you are buying insurance to protect and minimize your downside, not profit and short the market. I can promise you, you will go broke shorting. I suggest you study the cash vix term structure for this.
step 3:
This isn't as important as one and two but its learn to diversify your portfolio by buying commodities etfs and bond etfs. Again not as important but if you wish to progress or protect your portfolio consider it.
step 4:
if you feel confident enough you can try adding a bit of leverage. For example you can allocate a SMALL percentage into leveraged etfs like spxl for example or you can buy calls that expire in at least a year, preferably 1.5 to 2. Again keep that to a minimum.

Again your objective is to be in the market during the bull market and reduce your drawdowns in bear market so you're not selling and getting out.

[rothbardfreedom]

If one buys BTC and keeps looking at its relation to dollar, one shouldn't have bought BTC (the person doesn't understand it).

[stevengtv]

Steven Crowders wife left him. He doesn’t want a divorce, she does.

[zetamale]

Is this a course on investing in today's female? Females today are an investment. The return on your female investment can be great at first. Sometimes after the first one on one with her will cost you what you've worked for over the years including your money, house, cars, job, career, and your freedom. Females are a high risk gamble.

[theshapeexists]

If you make less than 6 figures the only way youre ever going to make killer money is investing. If you make great money, investing will put you in mansions and lambos. They dont teach kids this stuff because they want you a paycheck slave to the system for life. If you want to stop being a cog in the machine, learn investing. I have tripled my money in Nvidia in less than a year, doubled my money in palantir technologies and Google in about 8 months, and tripled my money in Alibaba in less. Not a flex but I kick to the face to tell the unknowing that you CAN do the same. I'm not a genius, if I can do it, so can you. Just do a lot of research.

[doug]

take a look at a Hex mining (staking) ladder

[FireTheHoker]

Rich are you thinking about taking your money outside the western markets ? It seems as if a collapse is on the horizon for western markets.