Investing Within Your Circle of Competence | Phil Town

What are your determining factors for companies you invest in? Let me know below! To find your circle of competence and invest with your values, use my free 3-Circles exercise: http://bit.ly/2YQfGbW

investing about who u are… thanks Phil

Great video Phil – helped me become aware of my own competencies with engineering consultancies (having worked for them most of my career), education software (creative education for teens being a strong passion) and local cafes (being a frequent patron of them). Now to find relevant stocks!

In my case i learned about Airports stocks because i was doing a research about airlines stocks in Mexico

Make it simple, try to find a very simple W.C.O that makes Money $$$. And Invest on that Wonderful C.O.

1.Passion
2.Talent
3.Things on which I make money
4.Things on which I spend money

great video. Love the 3 circles exercise.

I work in the cannabis industry here in Californiafor a long time, so the companies in my circle of competence aren't the companies a value investor would be interested in. How can I apply the rule 1 mindset in this industry

Excellent video. I have being learning a lot! Congrats from a subscriber from Brazil

Hi Phil, I viewed a lot of your videos and I have bought your books Rule #1 and Payback Time. Your videos and books and very helpful to me as an individual investor in China. But I have only one doubt about your book Rule #1 Investing: does the 3 tools (MACD, moving average) really so useful? These technical tools doesn't seem to work well in China stock market.

thanks for your advice

I would read finance and investing magazine but I receive very little education from them, they are always posting article on retiring but say nothing about those people who are retired and still invest in stocks. I know a friend who was forced to retire early because of his health. The government labeled him low income, so his taxes were reduced, so was his electric, natural gas, water and sewer. Because of these assistance programs that he qualified for he had an extra $500 every month to spend, so he buys sock and continue building wealth. You can be retired, enjoy life more now but you can still continue to build wealth, continue to invest in stocks to give to your children when you pass on.

Thank you Phil for all these awesome videos. Can you please post more videos about Option trading? Plese please please

Love your videos Phil, keep bringing them on!
I’d love to hear your opinion on the current trade war that is going on, and what will be your advice to investors in these crazy days.

I’m all over the place because I had let a financial advisor pick some of my stocks. No more. I prefer dividend ETFs. I have same story as Phil with Coca-Cola. Been free of it for 13 years. I stay away from big tobacco as a company and avoid ETFs that invest more than 2% in it.

I really love your point of view and the idea of investing in what you know and what meet your values.
On the other hand how do you combine that with the principle of diversification?
I mean if you diversify you should pick different regions, countries, industries, sizes, risk profiles, and many other features I don't know…
If I do that… There will be hundreds of companies I won't understand…
I'm just a beginner investor taking baby steps… 🙂

I am a Personal Finance teacher in high school. I love the internet and anything to do with it (sales, research, etc) as well as fiance and the stock market. They fascinate me.

Phil,

Coca Cola offers a wide range of drinks including healthy options such as fairlife milk, simply orange juice, and water. I just looked up the link:

https://www.coca-colacompany.com/packages/brands#ath

My business is school !

I don’t drink alcohol,no to drugs,no to gambling,no smoking !

I am not softdrink addict !

My business is counseling,cheerleader,charity !

My business is making others happy!

My business is making commercial center to be rented !

I ready love electronics and food.

Indeed. It is very important to invest in things you understand and can easily estimated their future potential. The stock market offers a chance to everyone no matter their industry or profession.

It`s so important information, thank you so much

Fantastic video! thanks phil

My circle of competence Automobile Energy infrastructure Technology Manufacturing

Investing is aligning one's vision with that of company. ..

Buffet enjoys Coca cola? Or what he wants people to invest in it?

Guy is so rich he had Hbo Made up a doc on him.

Phil, I am analyzing facebook stock but since 2008 number is negative, I cannot get the 10 growth numbers

It is IT for me and I started with Microsoft.

Honestly, I am really considering investing in gaming industry. Especially Blizzard because I remember when I used to play World of Warcraft and Hearthstone and actually it's pretty impressive how gaming industry evolved. The graphics, the gaming engine and specs. And if you think about it, it is one of the main engines it led to the development of technology. As in, game developers were thinking "ok, people want better games, more pretentious ones, let's make better technology" and there has always beens an intense competition between gaming brands. So if I start with gaming industry, this can lead further to software industry and so on and so forth. Right?

Your advice is gold dust. Thanks and keep up the great work!

I understand very well the hotel industries cause I studied that as a career and I worked 4 years in at nice hotel resort.

I'm amazed by how the quality of your videos just keeps getting better and better. Thanks Phil for sharing your knowledge.

Peanut butter is yummy!

Invest in things that match your values

Buffet drinks way too much Coca Cola!

Great tip!

You are such a good Teacher Sir. Such clarity. Thank you for this. For me the circle of competence would be the media industry; electronic and print.