How To Be a Wall Street Wolf - EPIC HOW TO

ah Wall Street Las Vegas for rich people we've all fantasized about being the next Gordon Gekko or Jordan Belfort but the average joe's odds of beating the market may actually be lower than leaving the Bellagio in the black that doesn't mean it can't be done this is epic how to epic l2 when investors talk about beating the market they're talking about beating the S&P 500 an index of 500 stocks that represent the overall performance of the market if the S&P index is up 6% from the last year and your portfolio is up 6.1% technically you've beaten the market sounds easy right wrong studies show that a mere 1% of investors managed to beat the market recent investment theory suggests that success in the stock market may be entirely random so random that a couple of kids can do it take Timothy go in Ethan mock letter to 9 year olds who made a 50 percent return on their investment in a virtual trading competition doing better than professionals with decades of experience so how do you make your millions well be patient if you're looking to make a lot of money quickly your odds are slim but if you're looking to make a slow and steady profit in the long term you can beat the market with these steps you'll need an initial lump sum to invest and the bigger the better so be nice to your great aunt Lucille and make sure your in honor will give her an extra one option for your lump sum is to go into foreign exchange trading basically the foreign exchange market trades currencies between countries so if right now two American dollars gets you one British pound then sometime later you sell that pound back for two dollars and fifty cents then you made a profit this could be very tricky and is difficult to predict plus you're essentially hoping for other countries to do so poorly that you can profit off of their economic collapse so let's just talk about the traditional market when learning the basics of investing remember the most basic principle is to research and use data rather than rely on a gut feeling you want to always be reading books and watching financial news networks so you can make informed decisions rather than emotional ones set up a virtual account to practice this is also called paper trading and you can set up free virtual accounts at a variety of websites the best way is to learn by doing so experiment and try out different strategies before you actually put your own money on the line once you've made some virtual money you might think it's time to finally buy some stocks but first you need to assess your risk tolerance all investments no matter how small come with a certain amount of risk so before you go all-in be sure to consider your age and life circumstances a single 30 year old who loses it all still has plenty of time to rebuild wealth before retirement a 60 year old not so much the most cost-effective option is to go with an online trading platform you control yourself if you trade through a professional broker or advisor they're gonna charge management fees that will eat into your profits these extra costs are one of the major reasons that investors don't beat the markets rate of return so what stock should you invest in investment legends like peter lynch and warren buffett's say to always buy what you know so look at companies and industries you're familiar with for example if you're a doctor you're better off buying stock in a pharmaceutical company than say a sunglasses retailer being familiar with the industry you're investing in gives you a leg up over other investors trying to predict how the stocks going to perform don't just pick blindly out of a hat do some homework read quarterly reports and look at the company's debt ratio and look for a low price to earnings ratio meaning the stock price is relatively low compared to the actual earnings of the company take note of any upcoming product releases technological breakthroughs pending patents and mergers or acquisitions that could make the stock more valuable but in reality all sorts of things can affect the prices of stocks including the day of the week as an article from The Economist points out prices of stocks tend to raise slightly at the end of the month and the first three days of a new month they also rise on Fridays and falling on mungus why who knows Mondays suck seriously our entire country's economy is based on guesswork just want to remind everybody of that which brings me to our next point don't limit yourself to American companies trading on the Nasdaq in the New York Stock Exchange the otcqx is another exchange that trades the stocks of many foreign and smaller companies many successful companies like Nintendo Volkswagen and Nestle trade on the otcqx simply because they don't want to pay an American legal team to get them on the bigger exchanges China in particular is starting to make more and more stocks available to American investors on the otcqx and savvy speculators are taking advantage of the new offerings but don't go crazy limit the number of companies you're invested in so you can track of them and for each stock have a specific dollar amount that you'll buy and sell at but be flexible to adjust for new developments if your stock has reached for original selling price but the company is on the verge of releasing a promising new product might want to hold on to your shares you need to closely monitor your stocks price fluctuations this can be a demanding task some speculative investors even quit their day jobs that become day traders making fast trades in small volatile stocks all day some will only hold a stock for minutes at a time but even if you're not a day trader you need to watch price fluctuations on a regular basis so you can sell if there's a sudden gigantic increase in price it's your only chance to make a fortune overnight don't blow it a lot of this advice has been telling you to do what other people do but some of the most successful investors do the exact opposite of what the general public is doing if people are selling they buy at a lower price if a lot of people are buying they sell and then the cash out at an inflated price it takes a lot of guts to go against the grain but the rewards are well worth it sometimes by making smaller investments letting them build over time and trusting in the system you'll make a sizable nest egg it may not be as exciting but just like a certain tortoise and hare you know the story going steady wins the race and you won't be contributing to the next economic global depression oh that's nice Congrats you've invested wisely and you're making money on the stock market you can finally buy that big gold boat you've always dreamed up huh maybe once you've paid off your student loans once till then this has been epic how to let us know what topic you guys think we should break down next in the comments below and don't forget to subscribe you

Channel: AWE me

Views: 883,000

Keywords: The Wolf Of Wall Street (Award-Winning Work), Crime Fiction (TV Genre), How-to (Website Category), stock market, stock market tips, how to beat the stock market, how to invest in the stock market, stock market trading tips, stock trading tips, investment tips, how to enter the stock market, how to succeed in the stock market, how to make money in the stock market, how to get rich, how to be a wolf of wall street, wolf of wall street, awe me, epic how to

Id: DbdC4jMNVZQ

Length: 6min 27sec (387 seconds)

Published: Thu Sep 24 2015

Reddit Comments

[u/GenevaAtlantic]

SMP 500...

Good beginner tips though.

[u/Poiper]

The best way to get to a million dollars daytrading is to start with 2 million!

[u/[deleted]]

I like stock talk and thank you.

[u/pka4life]

yes I like stock talk too the small bit we get thank's for posting

[u/Cambodio]

That was a really well edited video

[u/Damn_Croissant]

4:25: Volkswagen

That's sound advice... /s