YouTube Stock Market Gurus
Seriously guys be warned about listening to so-called Investing experts. I'm no Financial genius, however I don't need to be and neither do you. For the sake of this Article, I'll refer to YouTube Investing Gurus as YIG, get it. YIGs encourage you to click their link while constantly trying to tell you why you should use their service. They'll say things like "join our community", "I hand-picked this course", "Get around other Investors" then direct you to their website that looks like a 3rd grader designed it.
What really bothers me, is that YIGs will make you feel like you're not competent enough to understand the Stock Market. They make is appear the Stock Market is overly complicated and surely you must need some guidance. While I have nothing against Financial Advisors, in fact, in some cases it might be a good idea. However in over 90% of cases its not necessary. YIGs will attempt to play on your inexperience and fear of losing money. This is phycological play, guys let me repeat "If you own and can operate a basic Smartphone", you can invest in the Market.
Understanding Basic Concepts
Selling "Bad Advise"
Develop self-discipline
Take massive action today
Please do your own research before making any invest. I encourage my audience to become a student of the Market. If you are not willing to commit to continuous learning and develop, your time may be short in the Market. The most successful Investors are learners. This does not mean listening to a YouTube Investing Guru (YIG). It means finding credible long withstanding resources in which you can depend on to be honest and transparent. I have nothing against YIGs, but I'm convinced the average person can become a very successful Stock Market Investor without a YIG holding your hand.
The basic concepts of Investing is to put your money into proven companies, spend time in the Market (not trying to time the market), determine your risk tolerance and Investor profile. Your goal is simple, invest in companies in which you have a strong conviction it will become more profitable in the future.
Take it from me, following bad advise can set you back years, tank your portfolio or you may never get started. Most YIGs will tell you not to start investing until you have a 6 month "Emergency Fund", meaning have enough money in your Checking account to cover 6 months worth of expenses. They will tell you to pay off all Consumer Debt, meaning no car note, no Credit Card debt, etc etc.
Guys America has over a Trillion dollars worth of Credit Card debt, seriously. How many folks do you know these days that are not financing a vehicle or can pay cash? This advise would be discouraging for most and they'll never start. Being 100% debt free could be 10-15 years away for alot of people. Guys START INVESTING ASAP, don't procrastinate. If I had listened to this advise, I would have never started investing. As I'm writing this Article, I have Credit Card debt, I'm financing a car. Guess what, "I was have a very successful portfolio (beyond my wildest dreams).
Becoming a good investor will take discipline, but you already know that. Being discipline to accomplish goals is not a groundbreaking idea. You certainly don't need the guidance of a YIG to remind you. Yes, I do recommend finding a Mentor, someone whos been there, done that.
Often the hardest thing about investing in the Stock Market will be taking the first step. It can be intimidating and you may think it's only for the Rich. Over-coming fear and the fear of losing money will be challenging. Getting out of your own way can be challenging. Detaching your emotions from your hard earned money can be challenging. I'm a testament, you will overcoming these challenges the more you spend in the Market.
Final Thoughts
Anyone can become a successful Investor. Develop the right mind-set, define your financial goals, determine your Investor profile, become a life-long student of the game and even grab a Mentor or two.
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About the Author
John has been Investing since 2020 and gained incredible insights along the way. He enjoys reading and being outdoors. His passion is helping others and spending time with family.
3 Mistakes new Investors should AVOID in 2025
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A 2 year old can do this
This is not 1950, the days of manual transactions, trading floors and paper tickets are gone. Today, anyone with a Smartphone can buy and sell Stock with the push of a button. Down loading and using an Online brokerage Ap is as simple as sending a text message. You should take a YIG's suggestion to join his group for assistance as an insult. I've used Fidelity, Charles Schwab and Robinhood, I would consider their Online Aps to be friendly enough. Have you ever heard the term self-explanatory? YIGs will prey on your intelligence to convince you help is needed. Their goal is to convince you a mistake will be catastrophic and the only safe way is follow them. You should not avoid failure, you should embrace it as a valuable lesson of what never to do again. Investing is learned by doing, not by following YIGs. It's really that simple, just get started. Don't be led down a path of being overly fearful, you can do this.