How to Invest: Invest Your First $5000 | Phil Town

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How To Buy Stock
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[freddybob]

I took my first $5k which I worked for years to obtain and invested in buying motorcycles at great deals then selling them for a profit. Made a bunch of money, then lost it all by putting my money in the wrong hands.

Starting fresh a decade later mustering up another $5k but this time buying cars at good deals and then selling them for a profit. I don't own much but everything I have is all paid off for. Now I don't touch a deal unless I can at least make 100% profit within a few months. So I think I'd rather keep doing what I'm doing than messing around in the stock market or especially giving my money to the banks whether it's for an Ira or anything else.

But I do like the concepts being taught here which is investing for a better future. How we do it will always differ, but once we are doing it, it is great.

[FreeStatePatriotTt]

I invested $5500 this year. I didn’t do normal stocks because we were obviously at the top. I looked at precious metals. They had been beat up all year and bought those stocks. It’s been really good for my retirement. I may soon start moving that money out of there and back into Dow Jones or s and p.

[MrIanMason]

His advice about stock is right on. I'm a casual investor but I made about $10 on United airlines. When they were getting hammered by the press for their PR I researched the company and the stock was solid. Sold it after a few months when their normal $80 per share returned. You can find these good stocks on sale just watch the news.

[robertnilsen]

Since attending your 3 day workshop in October 2016 - after some back testing took the $5000 in mid December to $15, 000 today!! Thanks Phil!

[truevegas]

I have a small account that I started with 2K a year ago and it's done 50% in the last year. I couldn't be happier 🙌🙌

[TheKareemgirgis]

I'm about to jump in the market. Thanks for this video. I have my roll over 401 being managed by td ameritrade, but what you said is making me consider canceling that and just buying the S&P or something instead.

I'm kinda curious if you know, how does taxation work if you buy a Canadian stock from the US ?

[TLazyScope]

I put my first 5k into ETF's in 3 different market sectors. Great returns even with the corrections the past weeks.

[Voso]

Hey Phil, please make a few videos on how older people who arrived late in this investment game can catch up with any smartcuts. I’m in my 40s and all I have going is my annuity & pension funds since 2004 and a small 401k fund I have contributed little to that the companies I freelance for don’t contribute to. Yes I’m way behind and need some good strategies. Only have about 15k to start investing with now.

[Navostar]

Awesome job! You’re saying the things I’m doing right now!

[unrewritable]

Thank you for your videos. Now I need to apply all of this to the UK equivalent.

[jeffburgis]

I plan on reading all of your books, but which one would you recommend reading first?

[claudioesteban]

Thank you phil fore sharing, Bought your books & racommandation. Sins 1930 through 2009, while the S&P 500
returned 9.7% during the same time period. One dollar in the index grows to an impressive$1, 500.80. Microcap stocks once again outperform in a meaningful way, as that same dollar grows to $12, 647.05.

[MoneyUnshackled]

Another great video. Can't believe I've only just come across your channel.

[DD-zeki]

You pay 0% taxes on return in Luxembourg if you hold your investments longer than 6 months.

[jacobsidorin]

How old were you when you started investing? I can kinda relate to being a riverguide. I spent a lot of time being a rock climber. In terms of not having huge debt on fancy items.

[JDearyRMA]

Hey Phil, thank you for all you are providing to us and helping to debunk the smoke and mirrors in finance. I wanted to ask you: will a Roth IRA at my bank allow me to invest it into the market or do I need to place it into a specific Roth lRA with a particular bank or investment firm so that I can invest it?

[davidthecardcollector]

I invested my 5000 into 7 new AR15. When they ban them I will cash in.

[daitoakyoeiken]

I'm a Student.I know nothing about anything in investing.Can I too start investing?Are these "vehicles" different for different countries?

[kokodeelite]

Thanks Phil! As a newbie, it starts to get headful and confusing watching many videos. You put it so simply and it makes most sense. It's your money, put it into what you love! just like any other aspect of life:) It's the best advise!

[gratitudetouniverse]

I have a 401 K in my job and the funds is put in Target date fund. Is that like index funds too?