Top 7 Beginner Investing Mistakes (DON'T DO THIS)

Learn from my mistakes, and save yourself the trouble and the money! Here are 7 lessons I learned from personal experience, and they're the common pitfalls I've seen from teaching thousands of others about investing. Investing is simple, but not easy. Just look out for these 7 beginner investing pitfalls!

***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.

TIMESTAMPS
00:01:20 - Mistake #1: Not investing at all
00:04:05 - Mistake #2: Not having an emergency fund
00:07:18 - Mistake #3: Waiting too long to get in
00:09:46 - Mistake #4: Investing too much money at once
00:11:05 - Mistake #5: Not investing enough to cover future financial needs
00:14:25 - Mistake #6: Not considering taxes
00:16:55 - Mistake #7: Not being honest with yourself about how hands-on you want to be

__________

***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

________

***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can't live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)

Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):

__________

DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

__________

SAY HI ON SOCIAL! 👋🏼

[ericaluke]

*EVERY FAMILY HAS SOMEONE WHO BREAKS THE CHAIN OF POVERTY IN THAT FAMILY, I PRAY YOU BE THE ONE*

[HammadKhanYT]

1. Mistake no 1. You are not investing
2. Keep emergency fund 3 to 6 months survival before investing anything.
3. Mistake, you are waiting for the right time to start (that time will not come)
4. Invest, start small and gradually increase. Dont start big. You can panic and may have to sell your stock causing a life time experience.
5. Not investing enough money. You have to invest enough to have something saved for retirement.
6. Invest in tax free account (ROTH IR for example) and others
7. Not being honest to yourself. Can you research companies, do you have the time and skills. If not invest in Index Fund, otherwise can invest in stocks etc

Hope this helps.

[Philippayne-sktj]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[AndrewViett]

"I see a lot of beginner investors getting ready to get ready" 😭 this is me

[susannnico]

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

[CaesarAugustus.]

POV: you’re watching this in Jan 2021 and now know the perfect day to have invested was 3/23/2020.

[refined-daily]

Are you like me? Never had the money or investing conversation with your parents? Now as an adult it feels like the light bulb came on. 💡

[makosamson]

My YouTube subscriptions have slowly become investment/financial advisor channels. I guess I’m finally becoming an adult. 😅

[mc-]

You literally discuss every topic necessary to know for investing and simplify it for better understanding. The examples you give, the charts, actual website walk through, etc., are amazing and makes it so much easier to understand. Thank you!!!

[djayyoda]

I’m 45 this year... just starting to invest in the stock market. Thanks for the info :)

[federicaverdoni]

I watched something like 20 videos in the last few days about investing strategies and general advise. This is so far one of my favourite, for both content, simplicity and presentation. Great job, Rose 🙌

[sweetescapegrande]

Very happy to see your channel growing! When I started following a few months ago, you had roughly 1.5k subs!

[SleeplessinOC]

It’s so kind of you Rose to want to help us as much as you can so we don’t end up bag ladies or bag men ! Thanks for thinking and caring about others too instead of just yourself ....

[dyanasabet]

This literally feels like I’m talking to a parent. I’m so grateful for people on yt who do all this research and put it out there for free! 👌🏽👌🏽

[magalyj.]

I am so happy you have shared your knowledge with us all! Thank you for creating this platform, Rose.

[lilcrunchycheetoz]

Just discovered your channel and found myself flipping through multiple of your helpful videos, and had to subscribe and follow! Thanks for the tips, Rose!

[eaglewingsusa]

you're my favorite YouTube financial educator! U explain complex concepts in an easy-to-understand manner with a nice pace and quality video editing! setting the bar!

[plutonium_cat]

Thank you, Rose!! I am so happy I found your channel. I love your advice and energy!

[biffjohnson]

4:15 the emergency fund is more valuable than I realized, and I am learning the hard way. Please, folks - don't overlook this. You may end up tying up liquidity in the markets, and have it unavailable when you need it most. Awesome video!

[el_]

Thanks Rose for making everything so easy to understand. I'm a complete beginner to this and your videos have made me feel less stressed and more confident about investing! :)