Why Beginners Lose Money in the Stock Market ( 5 Mistakes )

The last time I lost money in the stock market was 5 years ago. Literally. I’ve lost money in the stock market, a lot of money, and the money I lost came from the result that I really didn’t know what I was doing in the very beginning.

So the goal for this video is that if you are a beginner and you want to get started investing in the stock market, then watch this video so you don’t lose money.

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1. Its not just individual Stocks
- You don’t just have to invest into Tesla, Gamestop or Apple ( those are the hottest stocks right now in 2021 btw)
- But the point you can also invest into Funds, that are basically baskets of a bunch of stocks ( so that way you don’t carry that much risk )

For example:
- I invest into an index fund by vanguard, and its called the s&p 500
- So it’s a basket for the 500 largest companies in the US

2. You only lose money when you sell
- But that’s also the truth for making money
- When your stock goes down, if you panic and sell you lost money
- If hold, until it recover then you’ll be fine

The truth is this:
- The people that panic and sell are the people that don’t understand the company and its value
- So when it goes down they don’t know what to do

3. Tax help when you lose
- The IRS allows you to offset your taxes by up to $3000 in capital loss
- So if you sell for a loss or made a mistake you could offset that from your tax bill
- And if you loss more, you carry it over t the next year

4. Don’t leave free money on the table
- A lot of you here, around 80% of you have a job and those have employer and those most likely have a retirement plan
- If your employer is offering you 401k match or 403b plan match
- Take the free money and invest

They are giving you free money ( so take it )
- The math says, every free dollar you get today at a 12 return is going to be worth almost $30

5. Fees can add up to a lot ( not all paid advice is good advice )
- If you are hiring a financial advisor or your joining a mutual fund that’s trying to beat the market

Here is Why:
- If you make 12% year on average
- Inflation takes 3% away
- Taxes take 1% away
- They take 2%
- How much do you have left: 2%

Call Vanguard, Fidelity or Shubes they have better funds: that only cost .01%.

6. Dollar cost average is important ( invest frequently )
- Don’t be the person that only shwos up during the good times
- You have to invest frequently during the good times and the bad times
- Because you want to average out the price you pay ( its not about timing the market, its about time in the market)

7. The internet and the crowd is not always right
- Stick to the plan ( which is in this case is investing into index funds
- And if you want to copy me, use the referral link down below to M1 Finance and copy my portfolio

You will here this:
- Lets do Day trading ( no)
- Lets do Options ( no)
- Lets short this Stock ( no)
- This company is massive
- Bitcoin is the future

These area all very speculative ( so be careful )

8. Just because a company is big doesn’t mean they are good ( a lot of companies go bankrupt over the long term )

9. Just because you like it,its not enough ( the worst advice I got from a judge that was a teacher in my college, he said just buy the companies you like and you’ll be good: but he forgot about all the other factors

10. Not Understand their 401k from IRA’s and the benefits of them, HSA account

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

Видео Why Beginners Lose Money in the Stock Market ( 5 Mistakes ) канала TommyBryson