3 of the Biggest LIES in Investing | Phil Town

How to identify moat…

I like guitars and music equipment. Does knowing a ton about that count?

For some reason, feel wired when Uncle Phil wearing a purple shirt and eyes are locating on a word extractor….

Info too broad

In recent times, the financial market has proven productive. I've had a great deal of constant profit, (mostly 150% and above) since the market rise. All made possible by my trader, Norman Watson.

Why beat the market? Why not just invest in the market?

The most dangerous situation is to think we know a lot about a Company we are investing, but in fact we don't know it enough .??

I am 17 right now , should i study economics in university or i can get my educate via books , videos , confernces etc. ?

How much money to invest in a stock; which companies to invest; when to invest in penny stocks before the company stocks become $300 a share.

My man Phil Town! ??

"An inch wide, and a mile deep"

Uncle Phill can you suggest some companies in the UK to invest?
Is it worth investing a small amount every month in Index (vanguard)?

Best advice ever!

I couldn’t imagine only only 5 stocks. I would be worried at all times. Thinking that you know the exact companies that will prosper is absurd.

I find the income tax to be the most confusing part about investing. Had it not been for my mutual funds company’s preparing the forms for me, I would’ve been clueless as to how much I owe. I get the capital gains being taxed, but the investment type (long-term, short-term, long-term with cyz, etc.) is something I wasn’t familiar with.

Please put a list of titles in description. Thanks

Very insightful

Biggest challenge I face is arriving at a range of value for the stock to apply the 50% margin of safety rule. Please help!

I'm just starting out as an investor, I'm 28 years old. Should I focus on high yield products to get that compound interest going, or should I focus on growth stocks with no dividend?

Would you personally say it's better to invest into an ETF or stocks? I am currently using STASH is that sufficient?

Most confusing part about of investing for me is the taxes on investing in foreign stock

I really like the idea of investing in something I understand… I am an entrepreneur so for me it makes sense to look at the company, the product and the performance of a company, the value the add to society as a whole and then invest in it, as opposed to looking at companies as simply numbers. To me the most confusing part is, what amount is enough to start creating compound interest? 1000, 10k?, 50k dollars?… also the other part that confuses me is , when I am supposed to "reclaim" or sell the stocks in order to attain that wealth? I am looking at it the wrong way? you are supposed to sell the stocks after a few decades and reclaim the value in cash or is that entirely wrong..

I think a diversified portfolio is fine as long as you have done your homework and are a expert on the specific ones. There is a big difference between 10 companies and 25! The latter is obviously too much. You just have to do what works for you. Different investors have different approaches overall mostly decent financial advice but why isn't your net worth made public?!!!! I know you are an investor and therefore more qualified than me to teach this stuff but I wish you would let us know!

Thank you for the tremendously educational content! I’m getting your book to learn more 🙂 Purchasing when price falls seem to be the key, but does that mean not to invest unless price falls? Thanks again!

That's the thing about the professional money managers… They practice "knowledge arbitrage" on you, which means that they always know more than the ignorant investor what is about to happen in 15 minutes, 1 month, 1 year, etc., and they will use it against you, ESPECIALLY if they state clearly that they are not fiduciaries. Even the fiduciaries only claim the average market rate or less. I already did the math out to 20 years from now (I'm 52) starting out with $1,000, and it doesn't look good unless you live in a country like India or Seychelles, where the cost of living can be just a fraction of what it is in the USA, and do your banking/investing in the US.

"Only invest in what you understand" is not only about what industries to invest in, but what INSTRUMENTS to invest in. I will not invest in bonds, options, derivatives, etc., not necessarily because they're bad, but because I don't understand them. I'm very simple when it comes to financial matters, but I'm expert at budgeting, which is how I survived on half the median job income all my adult life. I see now that surviving on this much income won't work anymore.

I have burned out on the job market, badly. I'm in a situation where I'm living with a very low cost of living with no debt and an emergency fund built up, and I'm able to use my disability such that less than half goes to living expenses, and I can do whatever I want with the other half. I want to invest up to about 70% of that remaining half. Because I grew up under Great-Depression-era parents, I came to be leery of stock markets. I mean, you have given examples of where mutual funds and such have only broken even over 13 years, 16 years, etc. This is NO WAY to make money! Because I believed the myths about Modern Portfolio Theory (EMT), along with a lack of knowledge about Rule #1, I felt I had no place to turn to except CDs or pulling the money out of the US banking system and putting it into gold and living by the principle of, "The fastest way a poor person with no knowledge can save money is by living below his/her means and saving the excess every paycheck and never spending it except for emergencies."

What ends up happening is that the person is perpetually stuck in "building emergency fund" mode all his life because he doesn't understand how to invest. After all, he knows, and he has seen friends or family lose money when they tried to invest in ways that didn't benefit them. He feels that in the absence of knowledge, there is no substitute for living below your means and saving as much as possible. However, there does come a point where (in gold/silver parlance ) the "stocks-to-flow" ratio is outpaced by the simple interest, even if it's not compounded but yearly. Great! You double your savings from $200 to $400, but what is the addition of $200 to $50,000? The compounding factor is gone. So, you are looking at Rule #1 investing, then mutual fund investing, then CDs/savings/bond investing, and then cash in the house, in terms of growing your money and protecting yourself against the ravaging effects of inflation.

Now, I am learning about Rule #1 investing through your online course, and I would like to develop fully these skills, and I hope that I can get it all without watching live shows because I am deaf. I have a desire to build money for 2 reasons: 1) make sure that I am entirely self-sufficient without relying on a job that comes and goes all the time and the US gov't; 2) use the money to help people who need it and contribute to strengthening society as well.

This is pretty bad…
Investing in something just because you like it is not a guarantee for financial success. just because you love something, doesn't mean that the demand for what you love will increase, which could make it a stale market.
It is true that you don't need to be a professional money manager, but you're best investing in passive index funds rather than chasing a single company or a portfolio of closely knit companies, otherwise your risk is just astronomical and you may not be in for the proper upside.

Hmm, Phil in his Vlog he says Warren Buffet more then 10 times in each video, is that coincidence?

Sir love your work, i want to learn something more about u..
Would you don't mind if u give me a Rule No1 book copy ☺️☺️☺️

haha to answer your question about what i find the most confusing about investing it is stock options. great content. ty

Bitcoin and Litecoin cryptos are low but people are still not buying them. Most are waiting for the prices to go up after the big guys buy =). Stock market is sky high and has started going in a downtrend but you will hear that it is still hot and rock solid.

And now here's some reality. There are many people that play basketball but only a handful of NBA players. We don't hear from the people who don't beat the market, only from the few successful ones. It's unrealistic to expect that you will win all your bets. If you don't have a lot of money to invest, like most people, pick your battles. You can spend a lot of time researching the market and getting a better return but a few percentage points won't make any material difference when you are operating with small sums. It's a great learning experience though and may prove useful later. Or you may invest passively and dedicate your time creating your own business or learning new skills that will make you much more better off.

Phil you are about the only one out there with any wisdom, honesty and a huge dose of common sense in investing. I should of stuck with your videos instead of listening to others. I"m getting back on board with your truth. Because it is all true, just as you say.

I love your video but I still don’t know what broker app i should used to buy a stock any idea ?

Very well said on the second point. I used to buy index fund only, thinking I can't beat the market. Now I'm all in with option trading. Portfolio down 66% thus far!