Stock Investing for Beginners How to Make Your First Million ❤️

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Stock Investing for Beginners How to Make Your First Million
Stock Millionaire Story
My Million Dollar Stock Portfolio

Here's a table of contents:
00:00 Introduction to my stock millionaire story
00:38 4-key principles to building my million dollar stock portfolio
00:58 My story of how I started investing in the stock market
01:48 Importance of putting your money to work as an investor
04:15 Value of education and mentorship learning stock market investing
05:50 The importance of an automatic savings plan (See https://youtu.be/vcnzpAbVsVE )
07:28 Saving automatically with the Acorns App (See https://danielhallwebinars.com/acorns )
09:55 Persistence and consistency in stock market investing
10:13 Fidelity investments study
12:14 The proper investing mindset
13:08 Claiming your Free trial subscription (See https://www.stockmarkettradingchannel.com/ )

How I became a millionaire stock investor

In this video, I’m going to show you how I became a millionaire stock investor and why you may want to incorporate some of these practices into your own life.

First, let me say that I’m not a financial adviser and am only providing this information for educational and entertainment purposes. Investing is risky and I myself have both lost and made significant amounts of money.

With that disclaimer out of the way let’s jump in…

In my path to 7-figures in the stock market, I’ve identified 7 key principles that helped me get there. They are…

Education/ mentorship
Savings
Persistence/ Consistency
Mindset

Let me start with a story. For as long as I can remember I’ve been interested in investing even as a small child. However, being dyslexic and not very good at math I was hesitant. But at about the age of 11 my uncle married the daughter of a very wealthy man Mr. H who had invented patents that were included in CAT Scan and he held a number of other profitable patents.

He was very kind to me and lived in a huge mansion on the Northside of Chicago with an indoor pool, an elevator, and 5 Mercedes in each bay of his massive garage.

Needless to say, I was impressed. I was fortunate to get to spend time with Mr. H. and we enjoyed talking together. During our conversations, I would ask him about how he created his wealth, and among other things he told me that you needed to work for yourself and the money you made from your own business should be invested and above all the invested money should work as hard and preferably harder than you did.

My own grandparents also encouraged this approach as my grandfather told me how he was an early investor in Minute Maid, the orange juice company, and when it was acquired by Coca Cola 1960 he made a huge profit enough for him to buy a nice 3 bedroom house with a 2 car garage cash with money left to spare.

FREE trial subscription: HTTPs://www.stockmarkettradingchannel.com/homeIt was with this encouragement that I made my first investments in the stock market. Of course, I did not have my own business (yet) so I did odd jobs to make money and my parents helped with a little money too.

Then because I was a minor and could not invest on my own I got my mother to set up a custodial account for me with a stockbroker.

I remember the first investment I made was in a utility company in Chicago called Commonwealth Edison.

It was with this investment that I learned about the price-to-earnings ratio and a beautiful concept called the dividend.

I was excited to watch the results of the investment as I would track the stock price weekly in the Chicago Tribune.

Some weeks I was up and some weeks I was down.

But over time there was a definite uptrend in the worth of my investment.

Over about a year the ComEd investment performed well and I sold my stock and made a little over $300 even after brokerage commissions... which is worth roughly $817 today.

My grandparents and Mr. H. all applauded my interest in investing and even my uncles and cousins were impressed with the results.

Now you may be wondering how an 11-year-old decided on investing in Commonwealth Edison?

Utility companies certainly aren’t sexy or exciting.

I asked for advice from my grandfather and Mr. H.

They both said people will always need and pay for electricity.

Mr. H. had informed me that ComEd had started producing electricity with nuclear energy which would make the company more profitable.

They turned out to be right and my investment was worth more than I paid for it.

This experience gave me my first clue on the value of education and mentorship in my investing.

But let me just say here that this was only the beginning of my investor journey.

[Continued in the video...]

#StockMillionaireStory #MyMillionDollarStockPortfolio #stockinvestingforbeginnershowtomakeyourfirstmillion

Видео Stock Investing for Beginners How to Make Your First Million ❤️ канала Daniel Hall