I Almost Lost Over 1 Million Dollars

I almost lost over one million dollars. Thankfully, I avoided a potential huge mistake thanks to my comprehensive investing due diligence. Learn lessons about dividend stock investing and real estate investing that give me confidence and conviction. Learn why due diligence is so important for long-term investors.
#realestate #investing #lessons

Timestamps:
0:00 Introduction
1:47 SEGMENT 1: UTZ BRANDS INC (UTZ) DIVIDEND STOCK ANALYSIS
1:53 This dividend stock is tanking because of poor earnings (impacted largely by high input costs / inflation).
2:19 UTZ Earnings Analysis
3:32 Utz Brands Inc lowered their outlook for fiscal 2021 for their adjusted earnings per share ($0.55-$0.60 for 2021).
4:33 UTZ: I Bought More Shares Today
4:47 Important: I am down 17.79% on my UTZ investment so far.
5:16 GAAP earnings can be misleading due to depreciation from recent acquisitions.
5:58 Stock Chart Analysis: Microsoft (MSFT) chart clearly shows why strong research and then conviction matters with long-term investing.
6:52 I believe in UTZ (for me) because I did the research. I can wait, just like Microsoft shareholders waited!
7:29 THE LESSON: DO YOUR RESEARCH, READ THE FINE PRINT
8:15 Key Disclaimer: What's right for me, may not be right for you. Do your own research.
8:23 I diversify in case I mistake a mistakes. All investors are wrong from time-to-time.
9:23 SEGMENT 2: HOW I ALMOST LOST OVER $1 MILLION IN REAL ESTATE
10:32 Story 1: Our due diligence surfaced a methane gas issue!
11:47 Key Takeaways: Even communities marketed as nature preserves can have environmental and health issues!
12:50 Story 2: We almost purchased a lot (for a new home) near a landfill, even though people told us there was no landfill anywhere nearby.
14:30 Key Takeaway: Don't get emotional with any financial transaction.
15:50 Deal Breaker after reading 100s of pages of documents (at the end of CC&Rs).
18:08 HUGE TAKEAWAY: You cannot trust what people tell you. You have to read the fine print!
19:19 SEGMENT 3: KEY LESSONS FROM OUR EXPERIENCE (LESSONS FOR INVESTORS)
19:25 Lesson: Recognize your level of knowledge. Don't overestimate your understanding. Remain humble.
20:05 Real Estate Lesson: Ask the older generations.
21:34 Lesson: I just assume there is a deal-breaker.
21:51 Lesson: Hire a Realtor.
22:10 Lesson: Be ready to spend money on research.
22:49 Segment 3a: Unique Challenges Buying A New Home
23:06 There are more unknowns with a new home (or a new dividend stock). Proceed with caution.
24:20 Don't trust anyone! Make sure to perform your own due diligence.
24:39 The good land is gone!
25:42 A new home can be a competitive advantage (if you have time on your side and are able to wait for it to be built.)
26:22 Check out my Patreon. Instantly unlock over 40 bonus videos!!! So much value there, while supporting my channel.
26:57 Segment 3c: Important Items To Investigate (For Home Buyers)
28:30 Silver Lining: I learned about landfills and I want to consume less.
29:43 Search the Public Records: Look at the developer agreements and the conditions of approval. Call your county records department.
31:43 Segment 3d: The Grass Is Not Always Greener
33:24 Move Slowly!
36:30 Key Point: There are always more opportunities.
37:19 DISCLOSURE AND DISCLAIMER

Here's my original Utz Brands Inc. video analysis: https://youtu.be/PVlxicvz8kQ

DISCLOSURE: I am long Utz Brands Inc. (UTZ) and Coinbase (COIN). I own these stocks in my personal stock portfolio.

DISCLAIMER: All information and data on my YouTube Channel, blog, email newsletters, white papers, Excel files, and other materials is solely for informational purposes. I make no representations as to the accuracy, completeness, suitability or validity of any information. I will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided AS IS with no warranties, and confers no rights. I will not be responsible for the accuracy of material that is linked on this site.

Because the information herein is based on my personal opinion and experience, it should not be considered professional financial investment advice or tax advice. The ideas and strategies that I provide should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. My thoughts and opinions may also change from time to time as I acquire more knowledge. These are, as discussed above, solely my thoughts and opinions. I reserve the right to delete any comments for any reason (abusive in nature, contain profanity, etc.). Your continued reading/use of my YouTube Channel, blog, email newsletters, whitepapers, Excel files, and other materials constitutes your agreement with and acceptance of this disclaimer.

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