With 20+ years of stock market experience and a portfolio of 36 dividend-paying stocks, it may seem like investing and personal finance come easy for me. While I've always had a huge passion for investing and I had the incredible fortune of starting young, I have absolutely made my fair share of mistakes over the years. Thankfully, I have learned great lessons from each mistake. Today's video highlights my top 5 stock market (and personal finance) mistakes, with the goal of inspiring others and sharing valuable lessons learned.
When I first got started, I had an incredible interest in dividend-paying stocks from the beginning. That has always been my baseline strategy. However, over the years I have experienced my fair share of distractions the wasted time, capital, and focus.
In particular, today's video covers:
* My experience getting started with stock market investing in the 1990s.
* My mistake getting pulled into the "get rich quick" allure of penny stock trading, and the lessons I learned about "making fast money".
* My mistake diving into the exciting space of fiber optics during a tech market bubble, and why "buy low, sell high" just doesn't make sense to me.
* My mistake falling for a dividend stock yield trap in the mortgage REIT sector, during the height of the subprime mortgage era. This one taught me great lessons about payout ratios and investing in companies that can sustainably pay and increase dividends over the long term.
* My experience buying a car way above my means (a BMW M3 Convertible), and how I quickly learned the importance of being frugal in one's personal finances.
* My recent mistake buying a dividend paying stock that everyone was talking about. This is why I greatly prefer to generate my own investment ideas! And, this is why I love to diversify my portfolio.
At the end of the day, investing is a process. Right around 2008, I truly figured things out and went all in on my dividend strategy. Sure, I had a baseline in dividends all along, but this is when I really "got it" in a big way, and let go of the distractions. I know I'll make more mistakes from time-to-time, but also know that mistakes are just part of the process and should be embraced for their educational value.
More than anything, I truly hope you found today's video motivating!
Want to learn more about my history as a dividend stock investor? Here's another fun video on the topic:
https://www.youtube.com/watch?v=en-6reixJVEWant to see which books have influenced my investing the most? Make sure to check out my Instagram:
https://www.instagram.com/ianlopuch/Want to learn a bit more about my experience with Bitcoin in 2017? Here's a video summarizing my experience:
https://www.youtube.com/watch?v=uAQHg6ag7jUWant to learn a bit more about my experience as an angel investor? Here's a video on my recent experience with SAFE Agreements:
https://www.youtube.com/watch?v=Ih2F_EUomqAJust getting started out in 2018? Here's a video that addresses this very topic:
https://www.youtube.com/watch?v=Qwus0r322akDisclosure: I own Bitcoin and other cryptocurrencies in my portfolio.
Disclaimer: I'm not a licensed investment advisor, and today's video is just for entertainment and fun. This video is NOT investment advice. Also, I'm not a tax advisor and today's video is NOT tax advice. Please talk to your licensed investment advisor before making any financial decisions.
All content on my YouTube channel is (c) Copyright IJL Productions LLC.
About the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
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Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
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As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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