Graham Stephan
@grahamstephan·5.2M subscribers·1.6K videos
The 5 Millionaire Investing Habits That Changed My Life
Posted
March 25, 2022
Views
199,451
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17,625
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March 25, 2022
199,451
17,625
533
9.10%
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11:35Now PlayingThe 5 Millionaire Investing Habits That Changed My Life Add me on InstagramGPStephan | GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER
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MY TOP 5 MILLIONAIRE INVESTING HABITS:
ONE: INVEST AS SOON AS YOU POSSIBLY CAN.
When you’re young, one of the BIGGEST advantages you have when it comes to investing is really simple...it’s just TIME. Not only can you ride out any short term fluctuations in the market, but you can take full advantage of what’s called COMPOUND INTEREST.
TWO: DO NOT TRY TO TIME THE MARKET
One study benchmarked the performance of more than 83,000 investors on eToro who made more than 3 trades within a given year - and the results were bad.
This graph shows the AVERAGE PROFITS from each trader over a 12-month span…and, at the end of the day…79.5% of them lost money. The MEDIAN return was -36.3%…only 1 in 5 people who traded stocks were able to just BREAK EVEN…and, statistically…you were also nearly just as likely…to lose EVERYTHING.
Another study from UC Davis in 2010 concluded that only 1.6% of traders were actually profitable…and, generally speaking, research shows - the more trades you make, and the more you try to time the market, the lower your overall return becomes. On the other hand…since 1926, a 20-year holding period of the stock market has never ONCE produced a negative result…
THREE: ONLY INVEST IN WHAT YOU UNDERSTAND
You should know where your money is going, how much your brokerage is charging you, what’s been the historic return of that particular investment, how the investment makes money, and how much volatility you can realistically expect to handle. If you can’t answer those questions, and then explain WHY your money is best suited for THAT particular use…than my advice is this - probably don’t invest.
FOUR: NEVER INVEST MONEY YOU NEED IN THE SHORT TERM.
Here’s what I do: If I know I’m going to need the money within the next 1-2 years, like for a down payment on a house, or to pay a tax bill, or to save up for something in particular…I won’t invest it. Instead, I’ll just throw it in a high yield savings account, earning about 0.5% interest…and that’s it.
Sure, I might miss out on potential gains in the market like I did these last 12 months - but it also means I won’t LOSE any money if the market goes down, and that GUARANTEES I’ll have all of my money available by the time I need it, without any risk whatsoever.
FIVE: ALWAYS INVEST CONSISTENTLY
Just consider this: If you decide to invest $10,000 TODAY…and then do NOTHING for another 30 years…at an 8% return…that will have grown to a $100,000 amount. HOWEVER…if you INSTEAD just invested $200 per month…and, did that consistently over that exact same timeframe…you would have $317,000…or, 3X MORE MONEY…by investing LESS UPFRONT, WITH MORE CONSISTENCY.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
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