How I Pick My Stocks: Investing for Beginners

Рет қаралды 1,506,719

Күн бұрын

Step by step guide on how I pick good stocks to invest in. This is step by step value investing for beginners and what to look for
► My Stock Portfolio: / andreijikh
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► Stocking Stuffers for the Holidays: www.ipo52.com
► ROBINHOOD Free Stock (grab your other free stock): robinhood.c3me6x.net/c/198055...
► How I Make My Videos: www.amazon.com/shop/andreijikh
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►Instagram: / andreijikh
► www.MAJIKH.com
In this video I want to show you investing for beginners. This is how I would have taught myself if I was just starting to learn about the stock market. This is a step by step guide on how to find great equities and what I do when trying to find which stocks to buy for dividends and long term growth.
I want to highly discourage anyone from actually attempting to pick stocks and stick to index investing. However, if you're still interested, I'll show you the TWO most important qualities about finding a good stock and the research tools I use when doing my homework before purchasing a stock. The goal of any of my investments is to generate passive income while I sleep. I primarily use the Robinhood trading app. Resources down below!
Resources:
morningstar.com
simplysafedividends.com
Intelligent Investor Book (Quantitative Analysis): www.amazon.com/shop/andreijik...
One Up On Wall Stree Book (Qualitative Analysis): www.amazon.com/shop/andreijik...
David Fisch's Dividend Champions Screener (top left of the front page): www.dripinvesting.org/Tools/T...
Dividend Discount Model when trying to find fair value: www.investopedia.com/terms/d/...
Jason Fieber: MrFreeAt33.com
Dividend Diplomats: www.dividenddiplomats.com/
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
*Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
#investing #stockmarket #beginners

Пікірлер: 3 100

@britanycosby9406 3 жыл бұрын

Risk comes from not knowing what you are doing always remember this!

@rodneygregory9976 3 жыл бұрын

Yea actually but not every has this kind of mindset

@victoriaanderson2432 3 жыл бұрын

That's why we have the rich and poor

@victoriaanderson2432 3 жыл бұрын

The rich just do what the poor won't do, that's the difference.

@philipmorgan3440 3 жыл бұрын

I'd choose forex or crypto over the stock market any day

@philipmorgan3440 3 жыл бұрын

Ma -- de my first $ ''' 500 ''k from forex

@djpuplex 4 жыл бұрын

Best part of the video or any of your videos is "I have nothing to sell you". Thank you.

@AndreiJikh 4 жыл бұрын

Haha no problem! Is that really the best part? 🥺😅

@nas0075 4 жыл бұрын

And.."Don't take my advice." LOL

@Tyler-zk8xk 4 жыл бұрын

@@AndreiJikh It really goes a long way, main reason why i joined your Patreon!

@Doso777 4 жыл бұрын

...yet.

@zachdavis1643 4 жыл бұрын

@@AndreiJikh Yes man, your transparency makes you a great content creator, nothing like the ads we get while watching. "Let me show you this fool proof way to predict stock market rises, just check out my course and become a master" We can tell that you are having fun with what you do, and to be honest, I just started with a portfolio of around $1300 and got super psyched when i made 20 bucks lol. That of course wasnt from dividends, but it was just a rush to make money passively. I have switched off of companies like facebook and bought safe companies with dividends like JnJ because of your videos though. Really great advice man, keep it up!

@georgerobinson2021 Жыл бұрын

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

@harrisonjamie794 Жыл бұрын

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@georgerobinson2021 Жыл бұрын

@@harrisonjamie794 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name *PRISCILLA DIANE AIVAZIAN* and everything changed. I started enjoying huge returns from my investment.

@harrisonjamie794 Жыл бұрын

@@georgerobinson2021 Oh, that sounds good but how do I reach out to PRISCILLA DIANE AIVAZIAN?

@georgerobinson2021 Жыл бұрын

@@harrisonjamie794 Look up her name on the webpage

@harrisonjamie794 Жыл бұрын

@@georgerobinson2021 Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me

@joonjoung38 4 жыл бұрын

"Games are won by players who focus on the playing field - not by those whose eyes are glued to the scoreboard.” - Warren Buffet

@tamnos 3 жыл бұрын

Great comment

@dneuman7455 3 жыл бұрын

I like watching the score go up. I'm not really making money or losing much .

@pyramidion5911 3 жыл бұрын

Oh yeah? Tell that to JR Smith

@James-zx2ok 2 жыл бұрын

So how do I jump into my computer screen with stock graphs

@yellowsocksification 4 жыл бұрын

"Where do I buy STOCK MONKEY?" 😂

@vegeta99rock 4 жыл бұрын

Ask Google XD

@manuelgonzalez7335 4 жыл бұрын

Alice Lin lol

@stacylolita7510 4 жыл бұрын

Thanks

@jffffff 4 жыл бұрын

stoinks

@Benjies 4 жыл бұрын

lollllll

@mannydavila9726 4 жыл бұрын

The part he doesn’t try to sell anything and tries to teach other makes him a great person. You earned my sub

@satoshiplanck3771 4 жыл бұрын

The irony of not trying to sell anything being a good marketing strategy.

@Masahico 4 жыл бұрын

once you said " I have nothing to sell you" you gained an automatic subscriber. thanks!

@revenlymokalu07 4 жыл бұрын

Exactly!!!! I subscribed cause he said that too.

@dannychenski687 3 жыл бұрын

he does have your view and subscribe to look forward to so he's kinda lying.. I wouldn't doubt that his humble-ness was part of that too

@adamspark9259 2 жыл бұрын

He's on Patreon, with a link in his description. He does have plenty to sell you, he's just being subtle about it.

@jestevez4294 4 жыл бұрын

It’s official. I’m gonna get my dog to pick stocks for me

@AndreiJikh 4 жыл бұрын

Probably will outperform both of us. The goodest boi

@azazaelmaher6468 4 жыл бұрын

hows thaT goin for you

@robinhoodryan3645 4 жыл бұрын

I've thought about this as well! Laughing at this comment, but seriously don't do it!

@samanthahardy9903 3 жыл бұрын

Get your dog to pick lottery numbers as well. You never know it could work!

@CS-ww3bs 3 жыл бұрын

@@samanthahardy9903 Don't forget to diversify with scratch offs!

@MULTl 4 жыл бұрын

I actually learned something about stocks and not a bunch of nonsense trying to sell me something

@Solid_Snake88 4 жыл бұрын

Gustavo Ricci SCAM ⚠️⚠️⚠️ never use forex this guy is a scammer

@user-fq4hj8yv2z 4 жыл бұрын

@@Solid_Snake88 You sound scamy as well

@Solid_Snake88 4 жыл бұрын

Σκοτώνω Χαρά he deleted the comment it was a scam

@1slamExplained 4 жыл бұрын

Dude you are hilarious man, love the video editing too.

@andrebenoit404 3 жыл бұрын

You freaked me out saying Andre lmao

@PaulieTheGreat 3 жыл бұрын

@xxxtesticles3537 3 жыл бұрын

@jaykey1202 3 жыл бұрын

@diegoramirez8674 2 жыл бұрын

Lmao🤣

@andrenatanael7430 4 жыл бұрын

My name is André and I was freaked out 😂

@oldladygena1688 4 жыл бұрын

My name isn't even Andrè and I started wondering if it was.. lmfao

@tristanpegnottga2002 4 жыл бұрын

Are you also 19

@doussya 4 жыл бұрын

Even me

@andreroxburgh3105 4 жыл бұрын

hahaha same here... i was like wait what? how did you know my name?

@danyo5509 4 жыл бұрын

🤣🤣🤣

@blindtobillionaire1115 3 жыл бұрын

Start with the stock market in the early days of your investment and then move on to real estate once you have save enough capital

@blindtobillionaire1115 3 жыл бұрын

@Kenddey calri It's the smart thing to do, this way you'll never make the excuse of not having enough money to get started.

@worldaffairs9981 3 жыл бұрын

I will do it exactly opposite

@theeconomicoutlook8725 3 жыл бұрын

I really can't believe I lost almost everything in the stock market except my body. I wish I had invested in forex but I really need help on this one.

@wagnersaucedo5424 3 жыл бұрын

I really enjoyed this video quite alright but I believe is high time we all accept the fact that for a trade to be successful it depends on capacity of your broker and the willingness to Invest what will yield a good amount

@user-dk5ch8dd1o 3 жыл бұрын

@@wagnersaucedo5424 For sure am a living testimony of Mr Robertson

@seanc1898 4 жыл бұрын

Nicely done. Thanks for taking the time to educate and share your knowledge and experience. Cheers

@mhmedali3411 4 жыл бұрын

This guy deserves more attention, I have been searching for 3 months and he just answer all my questions in one video

@youtubeaccount0x073 4 жыл бұрын

Most informative video I’ve found yet on stocks!!

@t.555 4 жыл бұрын

Bro, you are killing the content game! 💪🏼

@IntelligentStockInvesting 3 жыл бұрын

This is really well done! Index funds for most people is a great suggestion. I want to do better than the average so I'm picking individual stocks as opposed to the index funds too. I use different tools for finding intrinsic value though. I hope you beat the market too!

@naderaladawi4326 4 жыл бұрын

That was a very informative one. You have an amazing way of putting complex topic in a simple way.

@NickPeitsch 4 жыл бұрын

Excellent video - I love how you distinguished between quantitative and qualitative analysis. Definitely learned from this video!

@elvinowe 4 жыл бұрын

3:48 money shot. so happy i subbed to this channel.

@Taten.p 4 жыл бұрын

Library tip was super helpful

@MarcelClementi 3 жыл бұрын

hahaha I have never laughed out loud while watching a finance video! Thank you for that!! SUBSCRIBED!

@qmakesithappen 4 жыл бұрын

This was intense! Lots of value and things I will for sure implement 😊

@Aces314 4 жыл бұрын

11:13 that was the freshest coin flip I’ve ever seen

@marcusthomas5470 4 жыл бұрын

THis is awesome info. Hope to check out more of your tips on KZfaq.

@thehoss 3 жыл бұрын

Hey Andrei, I really like the way you communicate, and your no-nonsense approach to giving advice.

@hammer12482 4 жыл бұрын

I love the easy to follow no bull advice. Great content

@evanscott1194 4 жыл бұрын

William Morris by “no bull” you mean, bear? Lol jk

@user-ww6ii6zn8m 4 жыл бұрын

Awesome editing skills, you inspire me to work harder!

@piedoutaouais8776 3 жыл бұрын

Thank youI really enjoy all your tips !

@user-sj2us2cp2d 4 жыл бұрын

Really good and informative video! Love it. Also i like that you give advices where we can find more information like the 2 suggested books

@jagardum9780 4 жыл бұрын

I just want to say, this video was fucnign amazing you teach in a fun way and i wish you where my teacher (perdon If grammer and spelling is incorrect

@juelgrace 4 жыл бұрын

Thanks for the vid. I just got started. I'm a bit nervous lol

@AndreiJikh 4 жыл бұрын

It's going to be scary in the beginning :)

@bidioli 4 жыл бұрын

Thanks for being honest and for sharing great resources, ideas and points. SUBSCRIBED!

@christianmorrow8014 2 жыл бұрын

This was singlehandedly the most important video I think I’ve ever watched on YT. I feel like my brain just had a wisdomgasm. THANK YOU.

@Alexandru110 4 жыл бұрын

You are my new mentor❤️

@ShihabPersonalFinance 4 жыл бұрын

Man you got me binge watching, great content, shows you take time to make your videos, if I can add one thing to your portfolio, if you habe 100 shares of something, you sell a covered call on to increase that dividend income, just make.sure to choose a.strike price you are comfortable losing your shares at

@roberthurd12 4 жыл бұрын

So informative and transparent. Love your videos my man!

@Carlosreactiontwo 4 жыл бұрын

Great video. Started getting into stocks, saw your channel and subscribed!

@Benjies 4 жыл бұрын

Quickly becoming my favorite investing channel! Thanks for the great content Andrei!

@AndreiJikh 4 жыл бұрын

Thanks Benjie!

@Benjies 4 жыл бұрын

@@AndreiJikh Keep the great information coming brotha!

@jaredcorreafitness9666 4 жыл бұрын

Killing it lately my man! Keep bringing the informative content💵💵💵

@AndreiJikh 4 жыл бұрын

Thank you Jared! 😎👊

@qbat9297 3 жыл бұрын

Bro you’re brilliant, thanks for the video!

@akeethpinto3637 3 жыл бұрын

You Beauty! This is the first video I've watched on your channel and I have already fallen for the way you've delivered.

@mauriciocorrea14 4 жыл бұрын

Andrei, this is one of your best videos! Good job!!

@AndreiJikh 4 жыл бұрын

Really? Thank you but I thought it was one of my worst! I was really having a hard time with it 😳

@kingdelp 4 жыл бұрын

You should consider doing pod casts soon. May probe beneficial

@wittmoney7444 4 жыл бұрын

Yes, personally I really enjoy podcasts, as it's perfect for people who don't enjoy reading books!

@jasondouglas152 4 жыл бұрын

Thanks so much for these videos. You are a lifesaver. Much appreciated.

@lawsonfrey4266 4 жыл бұрын

You’re profile is definitely the best investing page I’ve found on KZfaq. You keep everything so simple and explain it all so well keep it up man amazing stuff!!

@Josh-zd7ln 4 жыл бұрын

I use F.A.S.T Graphs as a valuation tool, and am finding it to make very short work of what used to take me hours. I have all of these spreadsheets that calculate average yields, how much mean reversion would add to prospective returns, cash flow per share, ffo per share, and how those relate to averages. This automates all of that data into a visual graph that provides quick calculations. I highly suggest it. SSD looks like a great service as well, but is much more expensive. Nothing beats reading annual reports for the qualitative stuff. Here are a few rules of thumb: - Divide the earnings per share by the price to get the "earnings yield," which will show you the implied yield if you were to buy the stock as fair value and ignore any growth. - Look for operating cash flow per share and use this in place of your "earnings per share" number to get closer to the truth. This takes net earnings and subtracts capex, while adding back depreciation/ammortization. This is better for REITs (FFO), and other yieldco's. - Add operating earnings growth to the dividend yield, and that is what you should ultimately be earning over the long haul. If you buy below value you can add to this number. Buy above value and subtract from this number.

@PanchoVilla-fe8pt 4 жыл бұрын

Thanks for that Gold info stranger 👍 have a good day! :)

@CorrieStory 4 жыл бұрын

I can tell there was a lot of effort into creating this video. I know you worked hard and it is definitely showing! I’ll be here to support you the best I can :)

@financialnutrition 2 жыл бұрын

Agreed! Similar content at Financial Nutrition!

@loomonda18 4 жыл бұрын

Thank you for this video!! It's appreciated :)

@wedidntplanthis 4 жыл бұрын

most helpful video I could have seen in my life, wish more people like you exist on youtube, high value video man, thank you for the transparent solutions

@user-cu7pj9oy7g 4 жыл бұрын

Thanks for this books!)

@simo4pf624 4 жыл бұрын

wich one

@danieldevia4243 4 жыл бұрын

“Oil will be around in 10 years” -Covid-19 hits 😳

@dougie2866 4 жыл бұрын

Daniel Devia 36.00 XOM

@yeeyee5117 4 жыл бұрын

@@dougie2866 Googled $xom the second he said his investment 5 years ago. RIP for the moment

@kaanerdogan3204 4 жыл бұрын

Hahahaha look at it now.

@pablopedro8598 4 жыл бұрын

Oil is gonna come back lmao when people go back to work they are gonna need it. World can go on without oil unless a big boom of solar power happened, which def isn’t ab to happen now. Oil is ab to have a big ol boom.

@dougie2866 4 жыл бұрын

pablo pedro that is not the point, the point was that it’s sucks buying at 96 and then it drops to 36

@Poorcoins 4 жыл бұрын

Awesome man. I just send share this video to my son coz I can't explain well and you did , so thankyouuuuuu!

@originaljokester7679 3 жыл бұрын

Thanks man! great video!

@sLaYser100 4 жыл бұрын

Man i really enjoyed this video, top quality content and entertaining as well. You've got a 👍👏 from me and subscribe as well. Keep up with the good work 👌

@AndreiJikh 4 жыл бұрын

Thanks Ekeba!

@AnointedOne4God 4 жыл бұрын

I’ve laughed so hard at this video, lol love you man

@AndreiJikh 4 жыл бұрын

Love you back haha, the cringe is part of the experience 😅

@surj93 4 жыл бұрын

Thanks for this awesome, straightforward and genuine video.

@suyashovhal4641 4 жыл бұрын

Wow the way you simplified things and suggested little details like the free trial renewal was amazing. Keep up the good work man I loved the video 😊

@MarshmilloJB 4 жыл бұрын

As a beginner to investing, thank you for being a good teacher, Andrei 😃 Good structure and tone throughout

@financialnutrition 2 жыл бұрын

Agreed! Similar content at Financial Nutrition!

@dunkinlol 4 жыл бұрын

Hey Andrei! I really appreciate you actually teaching smart ways to invest. You're helping a lot of people with this :)

@user-cu8sq9hi7e 3 жыл бұрын

Your video is so good,hope you get better and better

@diontaedaughtry974 4 жыл бұрын

Thank you this was very helpful and informative 👍👍

@galacticgaming5058 4 жыл бұрын

Andrei , you really are the hero we all need but don’t deserve 👏🏼 thanks for doing what you do without the bs

@AndreiJikh 4 жыл бұрын

Appreciate it :) doing what I can

@bayanshaheen2405 4 жыл бұрын

I love your sense of humor. The extra knowledge you provide is a nice added bonus ;)

@AndreiJikh 4 жыл бұрын

🥳 haha thank you! Sometimes I overdo it but I have fun with it

@sammycode958 3 жыл бұрын

Men you are amazing tnx for your tips!

@joshuazayas1040 4 жыл бұрын

great video! learned alot. thank you !!!!

@lordvoldemort1985 4 жыл бұрын

I love your humility. Very rare in financial KZfaq channels.

@AndreiJikh 4 жыл бұрын

Thanks Alex, I’m the most humble person I know 😏

@lordvoldemort1985 4 жыл бұрын

@@AndreiJikh good thing you have never met me. I am the most humble man in existence. You would be crushed like a bug underneath my humility. Your eardrums would shatter as they are filled with the sounds of people shouting adulations about my excellence in humility.

@lanceareadbhar 4 жыл бұрын

Great video. This is from someone with shares in XOM and no shares in TSLA. Can't be mad as I started investing in 2011 and things have been quite good since then as I am pretty well diversified overall.

@johnzebond7718 3 жыл бұрын

Excellent video, very informative. Thanks, Andrei!

@seanouellette377 3 жыл бұрын

Thank you man this really helped out a lot, exactly where I am and can relate to this exactly. Appreciate you man this is awesome totally motivating

@ilyqt 4 жыл бұрын

Your face at 3:50 made me smash the subscribe button. 😂

@lukedavies2406 4 жыл бұрын

tried it out, have $1,000 spare cash, put a wall chart up of the top 100 companies with a stick on each one, wherever my bird landed on first, I'd dump it all in that stock for 1 week. The little shit landed on Bitcoin of course, but he did net me double, I now have $2,000 for my magic bird to choose next

@B1SQ1T 4 жыл бұрын

Stonk birb

@lukedavies2406 4 жыл бұрын

Update: Stonk birb has now decided. The fate of this $2,000 now goes into Woolworths (WOW) I'm trading on the ASX. It is now sitting at $2,127 after being in for a week, time for birb to decide again

@B1SQ1T 4 жыл бұрын

@@lukedavies2406 Stonk birb pt.2 the stonkening

@tionlover 4 жыл бұрын

Luke Davies 😂😂

@ZacharyColes 4 жыл бұрын

@Luke Davies And did the stonk birb go 3 for 3??

@AMVLifez 3 жыл бұрын

Thanks. These tips really helped❤

@MEKay-wu5pp 2 жыл бұрын

Great video. Thank you.

@yeddijohnson 4 жыл бұрын

I appreciate this video a lot man. Subscription inbound ✊🏽💪🏽

@AndreiJikh 4 жыл бұрын

Thanks man! 🥳

@HammerHead202 4 жыл бұрын

Love this guy so much! He is entertaining and funny! You make me laugh all the time! AND educational. Because of you I transferred an IRA to my M1 account to invest in some suggested areas! We will see what happens. I am trying to learn as much as I can about this investing business...

@desida50 4 жыл бұрын

Me too

@tripledstickers 4 жыл бұрын

All your videos give a lot of good info, great

@thefinancetrigger6013 3 жыл бұрын

Great analysis! I love how you analyze stocks

@mike.hatz. 4 жыл бұрын

¡Santa Mierda! My library *has* Morningstar. That tip alone is priceless!

@AndreiJikh 4 жыл бұрын

Bam! Use it!

@davidaiden9637 2 жыл бұрын

Many see forex as a get rich scheme but forex is not like that, it's a gradual process with the right tools and application you can make a living from forex trading..

@markwilson9150 2 жыл бұрын

Trade with an expert else you will lose all your capital and you will drop off the market The importance of professional mentorship of an expert should be the first step of trading

@samuelalexander3306 2 жыл бұрын

People will be kicking themselves in a few years if they miss this precious opportunity to trade and invest in binary options this period

@peaceemmanuel8998 2 жыл бұрын

But I lost a lot of money when I began my life trading, I had to look for a professional trader to help me with my trade

@yusufibrahim7233 2 жыл бұрын

The first time I told my wife that i was investing in forex trade, she was angry and told me that I will lose all the money I invested in it

@yusufibrahim7233 2 жыл бұрын

Now she is happy with what I'm earning from binary options

@sirbuttonhd 4 жыл бұрын

This is valuable information, subscribed!

@grand_owl3980 3 жыл бұрын

First video I watch from you, and I already want to take classes with you. So much more interesting than college classes.

@DanielIles 4 жыл бұрын

*Blindfold me and let me at it. I am close enough to get similar results.*

@AndreiJikh 4 жыл бұрын

😂 Why didn't I think of that!? lol

@DanielIles Жыл бұрын

Should have went with the monkey

@dianaholish 4 жыл бұрын

You are rapidly becoming my favorite youtuber 🥇

@AndreiJikh 4 жыл бұрын

I don't know why, but I appreciate it! :)

@dianaholish 4 жыл бұрын

@@AndreiJikh "I don't know why" wink, wink ;)

@jacobkleintz4768 3 жыл бұрын

awesome video, keep it up

@matthewhergert5224 3 жыл бұрын

Very well done and he was very easy to listen to!

@luisbedran3472 4 жыл бұрын

this guy has nothing to sell thank you

@brento2890 4 жыл бұрын

I don’t buy a portfolio because someone has to pay the investors ! Instead, I pick out my own stocks (mainly “blue chip stocks with consistently high dividends”). I’m watching your videos because they are Great ! Thank you for making them!

@tediaxmonetize 4 жыл бұрын

This video is so well done !!!

@gefloigle 4 жыл бұрын

Excellent video amigo!

@bassplayeralan 4 жыл бұрын

Amazing video by the way! I love investing how you are doing it, but I also love the day or swing trading aspects. I just manage my risk well and use the money made to build my dividend portfolio.

@russells9590 4 жыл бұрын

Andrei, great tips for the beginner investors, but if I may point out something regarding the quantitative analysis that most people do not know. I dont claim to be an expert, but have been investing for over 20 years and i am also a CPA. When analyzing financials of a company, one must be aware of the fact that the figures on the Income Statement, Balance Sheet, etc, can be easily manipulated to whatever the particular company wants to show. These people know that investors do this kind of analysis and thus, they show you what they want you to see. For example, you cannot analyze an Oil company without an in-depth understanding of that particular industry because you may see the numbers on the Balance Sheet, but you wont understand whether these are reasonable reserve estimates (for example). You cant analyze an insurance company without knowing statistics (actuarial sciences) and what IBNR (for example) is. It is always better to get an expert to look at the company fundamentals, if you really want to have an in-depth understanding for your decision-making. Otherwise, you are doing surface-based analysis and I would say that you would be better off just putting your money into an ETF.

@CarMaintenanceGuy 4 жыл бұрын

Man, that SUCKS.

@russells9590 4 жыл бұрын

@@CarMaintenanceGuy, yep. Do you know how they teach accounting these days? Professor would ask you how to do a particular accounting entry and you would give an answer, but he would tell you that you are wrong because you didnt ask a follow on question regarding the purpose of that entry. Most people dont know that accounting rules are very flexible and could be massaged to a specific objective. If i want my company to get a bank loan, i would show a really healthy balance sheet and P&L statement. But if i want to reduce my taxes, i would show barely any income, if any at all. And all that starting with the same numbers. Thats why the biggest corps pay so little tax.

@CarMaintenanceGuy 4 жыл бұрын

@@russells9590 Yep. My CPA is an ex-IRS agent. He makes it so I show little income for lower taxes. Problem is, it's hard getting approved for many things. Thank you for that detailed explanation. That is extremely helpful.

@russells9590 4 жыл бұрын

@@CarMaintenanceGuy, ex-IRS is a good choice. They know the system and know how to use it to their/your advantage. I took the easy way out. As soon as Canada made me pay taxes, I've moved to a zero-tax country and haven't paid anything in 16 years, since we, Canadians, pay taxes based on where we live and not based on our citizenship (for now at least).

@CarMaintenanceGuy 4 жыл бұрын

@@russells9590 That's excellent! Did you move to the Bahamas?

@streetrulz2863 4 жыл бұрын

Great video and straight to the point

@daveschannel7926 3 жыл бұрын

Great vid 💯💯

@andredent7090 3 жыл бұрын

The direct reference definitely freaked me out😂.... and I’m 19 wth

@bullmeatt 4 жыл бұрын

"i dont think im smarter than the average investor" you timed this seconds after your commercial which was some kid attacking me with his course on how to become a millionaire which you make money off of