Bad Investing Habits You NEED to Break | Phil Town

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money mistakes, investing advice, financial success,

[bend]

Im 17 with a couple thousand in savings I plan on investing when im 18 in 5 months, my plan is to avoid my parents’ check-to-check lifestyle

[lewpaul]

Warren Buffet also advises to invest in low cost index funds such as s&p 500. What are your thoughts on this?

[ginniferheard]

I am so happy I discovered Phil Town & his philosophy on investing & money management! I am learning so much & just registered for the upcoming online virtual seminar. I also just purchased "Rule #1" & can't put the book down! I didn't understand why I couldn't find someone to discuss (in a simple way) how to buy stocks like Warren Buffet & minimize loss & to not diversify in mutuals (like Dave Ramsey & others recommend). My gut told me all the diversifying into many companies seemed more risky than investing into known companies, but everywhere I turned just the opposite was being preached to me. Thank God I stumbled upon a Phil Town YouTube video. You have no idea how my world has changed & how excited I am!

[ChrisInvests]

Just bought your book! Read the first few chapters and look forward to learning more 😀👍

[raheelakhtar]

Picking winners over time is not as straightforward as Phil makes it sound. Indexing and patience will work for most everyday investors!

[otmawilarams]

I'm 23 yrs old, and I really wanna save and invest my money in a good way, I wanna save now and enjoy my money you so much for this wonderful tips, I believe it will make a change in my life.

[dianerandolph]

I needed to hear this, even though I already knew this, I needed to be REMINDED !

[Son-of-Krypton]

great
buy on market on market never lose long term vision.

[robertmelvin]

My biggest problem has been to keep an asset long after the asset peaked and then lost money, with no indication of recovery. I disagree with your assessment on diversification; I recouped all 2008 losses within 1 1/2 yrs and made profit through diversification from 2010 and into 2018. Otherwise many good points. Somewhere around 2008 and 2009 I started to buy, buy, buy.

[Yugiboii]

So what percentage if any should one portfolio consist of with the s&p500? Very curious how other people are diversifying their portfolio regarding the s&p

[SEANTSEANT]

I have never found someone who lines up with my goals as much as you do! Im so happy I found your channel. Everything you say is music to my ears. So insightful.

[jerimodel]

Sir just for clarification, do you not believe in diversification at all? For instance I have some reits I have taken my time to research and invest in, as well as consumer staples. Would you say that's a bad idea? If anyone else wants to share that has experience please do.

[Stamatis_Misirlis]

Phip have the gift to be not only a good looking senior with confidence, but he also speak fluently and direct. His advices based on pure logic, as they should.
For all aspects of this video, I just say excellent job!
He gives a new perspective, for not just been an investor, but to think as a partner of the enterprice of your choice.


Is true, Buffet hold many stocks for +20 years.
Lynch also suggest to let time for a share to give the most.


I still can't understand, how some lame stocks with objectively poor economic elements, multiply their price fast, beyond any expectation!

[kristian]

Once I decide to invest money, I consider that money 'lost'. Erased from my life. And I haven't sold a single stock so far. It just makes investing a lot easier on the head, not having to worry it. Invest and forget. May not be the best strategy out there, but it works for me!

[kenc]

3:16 - 5:20 Well said! I couldn't agree more. And I like your other advice too.

[RafidNassir]

At 29, with a decent salary and a few grand lying around, I’ve started investing (long term) into individual stocks using methods you mentioned, and I’ve seen a net 45% ROI so far. Not too shabby. Also just opened up a jewellery brand with the wife. The 30s are certainly the years for laying down a strong foundation for a more comfy lifestyle.

[Bob-yriz]

GREAT ADVICE Watching your videos is like we are sitting around at the table having coffee.

[jfjsas]

People reference Warren Buffett in almost every video as a brilliant financial guru and they skip completely the part about him being one of the biggest Insider Traders on the market. Buffett buys some stock, for ex. Boeing, and 2 days later we hear on the news that this company will be getting a huge loan from the government and its stock goes up tremendously, while Buffett had goten that piece of information 2 days earlier. I'm not saying that he isn't very good, but once you are moving a lot of money, it's relatively easy to get privileged information and make moves that most investors cannot possibly know.

[mattyg]

Thanks Phil, i always like hearing you speak about stocks - you make it easy to understand!

[anindividual]

Wow, just found this channel! I love the way you break things down in an easy to understand way. You take what could be a boring topic, and somehow make it easy and fun to learn. I'm going to implement everything you talk about and hopefully become a more competent investor. Thank you!