How to Start Investing For Beginners
- 1. Intro to Investing Rob Wilson @robwilsontv
- 2. What Youll Learn in This Video What investing is and what it isnt Why you need to invest How to set your expectations The most common mistakes (and how to avoid them) How to get started NOW
- 3. Ground Rules This is not an exhaustive list of every investment strategy ever created Not investment recommendations You will lose money at one point or another Not some Magic Formula that will tell you when to buy and sell
- 4. Ground Rules
- 5. Ground Rules This is not an exhaustive list of every investment strategy ever created Not investment recommendations You will lose money at one point or another Not some Magic Formula that will tell you when to buy and sell
- 6. Why You Need to Invest You are now responsible for your own retirement Pensions are becoming extinct
- 8. Why You Need to Invest You are now responsible for your own retirement Pensions are becoming extinct Shift to 401k put you in charge Of course you need to earn more money Multiply your efforts many times over
- 9. Give Yourself Options Investing is not all about retirement Dramatically alter the course and quality of your life Quick story: How I got started Dot com Boom
- 16. Apple Inc. 2005 2014 $36.90 $536.09 Turned $3,700 into $53,000 1350% Return
- 17. Give Yourself Options Wont retire off of that one trade But it provides options Start a business? Go back to school? Buy a house? Go on vacation? More control over your life when you are good with your money
- 18. Where Should Your Money Be?
- 19. Where Should Your Money Be?
- 20. Most Common Mistakes Procrastination No money No time Dont realize that Time IS Money
- 21. Time Is Money I can give you $1000 each minute for the next 35 minutes I can give you $.01 doubled each minute for the next 35 minutes -OR- What Would You Choose?
- 22. Time Is Money $1000/minute x 35 minutes = $35,000 .01 doubled each minute for 35 minutes = $171,798,691.84 The Power of Compound Interest!
- 23. Most Common Mistakes Procrastination Investing too safely
- 24. Dealing with Risk Rule of 72 Divide 72 by the annual rate of return to determine how long it will take for your money to double i.e. 72/10 = 7.2 years (stock market) 72/1 = 72 years (savings account) You need to take some risk and give time to work
- 25. Time is Your Biggest Risk Reducer
- 26. McDonalds 6 Month Chart
- 27. McDonalds 5 Year Chart
- 28. What Does This Mean For You?
- 29. Retire on Your Terms Someone 15 years from retirement who expects 10% return per year on his investments has to contribute $2400 per month to reach 1 million A college graduate with 45 years to save at the same interest rate only has to save $95 per month (at 10% return per year) to reach 1 million What Would You Rather Do?
- 30. Moral of the Story You need to be invested You are responsible for your financial future Time is Money Time helps you deal with risk Dont invest in things you know nothing about
- 31. Action Item Start with what you know Review the top 20 places where you spend your money Create a list of 10 public companies that you do business with. Well use this list in the lessons that follow.
- 32. Join March Money Madness Insider robwilson.tv/joininsider @robwilsontv