I appreciate the response Joseph! Was exactly the sort of discussion I was hoping for. You raise some good points, some of which I'll reflect on. I'm definitely not against everyone sharing their portfolio, even on RU-vid! I do think there are problems around getting your research from the platform (it's easy to find yourself watching sensationalistic stuff when you're trying to learn about a company), and while I appreciate many viewers are disciplined and responsible, I have seen first hand how beginners will throw money into whatever some personalities discuss online. I'm a little paranoid around that given a lot of my videos are beginner-focused. That being said, there are of course responsible channels out there who appreciate their influence and put in the work. Perhaps I'll need to dive more into this side of the platform and watch other channels like yourself. :) Again, appreciate the discussion!
He is absolutely correct about success turning you stupid. I went from $40k to $120k in 6 months and ended up losing $40k trying to replicate the success. Sell the Dogecoin and use the $30k to mimic Joseph's portfolio. That's a smart move, my friend. Best of luck.
@Joseph Carlson could u tell us in the next video the average watchtime of the video i am just currious. :P Ps:(love ur content brings me down to earth on my financial decisions (still young 21))
It's far too easy for investors to lose perspective. whenever something big goes wrong, a lot of people panic and hold on to money that should be working for them. Looking at history, the markets recovered from corona virus, 2008 crisis, the dotcom crash, even the Great Depression. So they'll probably get through whatever comes next as well. Analysts will talk, stocks will rise and fall but the market will always remain a cash den for people who know where to look. my one cents though. peace
@Darrel Mayer Not understanding the trends is a big minus when you want to jump into the market. If you are not conversant with the markets, I'd advise you get some kind advise or assistance from an Investment coach. That’s the most ideal way to jump into the market these days.
Sad but fucking true. It's a sick game but you learn to play or stay poor for life. I hate that compaines only provide 401k in stock markets that crash every 5-10-15 years.This just steals so much of hardworking peoples life savings and it's disgusting. I hate it but you either understand the machine or you are just numb to it when it happens.
I really acknowledge your comment,i recently started trading but i have not been able to make much, trading can be delicate but extremely beneficial with a good strategy
@@raffaellagallo4447 i think i might have come across this name on a Bloomberg interview where she spoke about how the financial market is being affected by the Covid19, how can one reach her? i really learnt alot from her
@@elliotcharlie4270 es pretty!she's most likely the one. she analyses stocks and trends in some of the major news channels. most of these multi millionaire brokers manage to beat the market day in day out even in a low market situation as i came to find out. look her up on the internet and leave her meaasage
I joined Joseph's channel when his portfolio was still around 50k and i enjoy seeing his progression. It helped me become more critical of my own picks and ask the right questions of the positions i hold. I'll be hanging around until he starts doing random card tricks in his videos.
When I forget my Costo membership card in the car and the guy at the front door stops me... Sir ill have you know that I happen to own part of this company (begins walking back to car)
Bitcoin trade is great unlike the stock market and other financial market. Bitcoin has a centralized location since it operates 24 hours in different parts of the world.
Everytime I almost go off the deep end and gamble in the market. Your videos pop up and remind me to stay the course. I’ve automated my investments weekly into my dividend (quality company) and sticking to it
I've already tried to gamble twice and got fooked. Then I watched Joseph's video talking Elon, Doge, and some people who messed up gambling on gme and doge which brought me back. I'm young I don't need to be gambling with my money I still have a long time horizon, it's better for me to just stay the course.
I am quite grateful in the role RU-vid has played in my life. I am a first gen immigrant and this info was never passed down or emphasize by my family. My view of the world and life has changed significantly since discovering the power of investing and making smart financial decisions. I remember my goal at the start was 100k by age 30. In the beginning of this school year I remember showing my friends my retirement acc with 8k. Not even a full year later and I am at 45k. I am only 21
This is one of your best episodes. Very thoughtful, coherent, and entertaining. I agree with all of the points you made here. Keep up the good work and don’t worry about the length, we love it haha
@Joseph Carlson I really hope you were able to snag some more shares of MSFT after their insane earnings dump. I picked up another 50 shares @ 252. Bonus from the dividend in May.
There are two points I was thinking of while watching your response: - people who you are polling are here for portfolio updates, so that's availability heuristic. 3% might not represent any particular side as well - many who buy into Meet Kevin/etc stock picks are tricked into thinking that this would help them replicate his wealth, where they are missing that his start was very different (even if he'd have done stocks only). The absence of this perspective is exactly why investment advice from RU-vid is taken as universal. Nevertheless, you do a great job of explaining what your goals are, putting this before the actual investment.
Joseph, I don’t think Richard was in any way talking about channels like yours. You’re both right and set good examples of responsible content creators.
Guys, remember that money is fungible. Losing 15k from a meme investment where you've made tremendous gains from is the equivalent of losing 15k _anywhere else_ in your life. Don't fall for that fallacy.
i stopped wasting my time and money trading blindly with no guidance by this time last year when i met Nancy Jane Gluck . who helped me manage my investment portfolio and now i am counting my first million trading stocks..she is finally getting the recognition she deserves and i am glad to be a part.
i heard this Nancy Jane Gluck name before my colleague at work started. she handles investment for my friend in Australia… he started with 50k investment and made about 550k in few months…
Although I respect you, I think you don't focus enough on valuation. I think you're buying some great companies, but many of them have high valuations. This will lead to you underperforming the market if this exuberance on the stock ends.
Sure, I could talk more about valuation in the future. Keep in mind my biggest buys over the past 3 months have been. AT&T (forward PE of 9, buying it under $29). Verizon, another super low multiple company. And Dominion, a regulated utility that was undervalued by most metrics (it's gone up in price since purchase). I try to buy value whenever I can find it. But it's getting more difficult when 96% of the companies in the S&P500 are above their 200d moving averages. The focus of this episode is not valuing a company but identifying a quality stock. I used Microsoft as a company I think is high quality that's currently traded around fair value.
You’re channel is awesome and I truly appreciate how you discuss your portfolio. Over time we can look back and see our growth to understand what we did right or what we could have done better
Totally agree about the transparency on YT. I do real, FULL transparency. Share my full portfolio, not just M1, share my personal budget every month, and my FIRE goals and achievements as I reach them on my channel. Love following others who do the same!🙌🏻🔥👍🏻
@@jacklan4103 Naw if the earnings make the price go down it makes the stock cheaper. If you're a long term investor and you believe the stock will still be successful in 10 years than it's actually a good thing.
@@jacklan4103 I should've prefaced my comment with "If you researched the company and you know it's a long term buy". Because Msft went down and they beat earnings, and some other stock go down for being slightly under earnings.
Have really gotten into your channel. I agree with your reasoning regarding transparency. If anything, plain bagel certainly does have a conflict of interest right now: his transparency, that is, exposing his thought process and beliefs about particular stocks, is his business right now, and it's something he is paid to do elsewhere. I've certainly gravitated away from the hype-mania news broadcasts meet kevin and stephen have become. I miss the days when meet Kevin was putting out very practical, professional videos on buying, fixing, managing houses, especially being a real estate investor myself. I will also say I'm a staunch Playstation fanboy, but I can't deny the prospects of Microsoft's heavy investments in the gaming space. I think it will pay off big time. They are looking very nice as a company, and I think there is huge room for growth in the gaming industry.
@JosephCarlson I'm not sure how many time you might have been asked this already. Could you please do a video on covered call etf. Mainly covering the aspects of expenses ratio, yield and any fees and factor to look at. Thank you.
2 observations: 1) You're not always explicitly transparent in what you sell. You tend to focus much more on what you buy and seem to let what you sell slip under the radar. Yes, your portfolio is always shared so you're still being transparent, but viewers would really have to check each link to see some of your sells. And yes, I understand some of this may be reserved for your discord. Fair enough. Still curious about Wynn as you did seem to sell it very shortly after your video about buying it. 2) It does seem your channel influences some of your decisions, and I believe you've admitted it yourself. Specifically with this portfolio you've seemed to struggle (I use that word lightly) with making sure each pick has a dividend. I don't remember the specifics, but believe you've stated you wanted to buy something but didn't because of the lack of dividend. I think Disney has been the exception, but think I'm remembering the scenario with something else. My guess is this may have been a while back, probably right before you created the story fund. Don't mean this as an attack or anything... Just my perspective. Also fully supportive of you do you, and you don't have to answer to anyone. 😁 But I know you don't mind us asking and adding engagement.
Great job on this video Joseph, I completely agree with you.... I feel like you are doing such a great job, that financial advisors, Will lose all their clients to your channel. Keep up the good work!!!
Yes Kaseem, I agree with you. Kelvin is trying to protect his turf. Now that the masses can invest in the stock market by themselves, many of the financial managers are not happy about it. Gone are the days when they skim off their fees without any accountability.
Yea gotta do some research if you are going to jab at anyone, he made money on real estate, but he made millions last year on stocks because he took the risk and went all in, not for everyone like joseph says but he did it and props to him.
I really wasn’t trying to jab him. I just think it’s obvious he is in a different place financially than most others. He has many videos on the subject of how much money he makes and how much money he has.
@@JosephCarlsonShow I think he means plain bagel's jab at meet kevin, but regarding what you comment, he does mention a lot, when he buys that 500k is 1% of his portfolio, or whatever, and how these amounts of money are not make or breaks for him. Me personally I like balance, so I watch your videos, and kevin and Jeremy, because I like the diferent angles Yall come from, but at the end I make my own decisions based on my own research.
@@vicduenas84 Incorrect. The only reason he took the risk is because he earns huge income from youtube each month. If he only had a million his bank account he wouldn't have risked it in tesla.
@@sman96490 i dont think you nor I could tell for sure what he would have done with 1 million in his account, but he did show how he refi all his properties ( going more on debt) to buy stocks. What you have to realize is that it is all relative for everyone, yes he makes a ton of money, but he also risked a ton of money, is the equivalent of someone refi, or somehow going on debt even if it was just 50k to put it on stocks last year. In that case you can argue that 50k is not alot but for that person it could be years of savings. It works both ways, what i learn is that everyone has diferent strategies, he is a risky investor, but it has paid off for him, again not for everyone
I also highly disagree with youtube being an entertainment platform mostly . I feel the yotubers who make educational content about stocks will likely perform not as good but there is something to be said about high quality content
Dear Joseph, please keep your type of content. I am sure a same like me, lot of people admire your approach and evaluation of stocks and your portfolio. 🤩💯
I agree with your point that a majority of people like seeing portfolio updates and I’m one of them but I don’t think you should view your polls as backing you up. Most of the people who voted on your polls probably have watched your videos or similar ones and your whole channel is about sharing your portfolio so it’s kind of expected that people who like your videos like portfolio updates. If you did a poll of the entire finance community on RU-vid you might not get the same results as you aren’t just hearing from your audience.
I always feel the need to reveal my portfolio so that viewers know I am not just talking about a stock simply to hype it up or make money off a hot stock
Thank you for this excellent content! I totally agree that transparency is the best policy when it comes to showing your portfolio, your buys and sells. I enjoy your videos and gain valuable insights from listening to you, even if you are a much more conservative investor than me, despite being half my age 😁. One thing I didn't understand about looking for quality companies is revenue. You seemed to say that if a company is not making a net profit it is not a quality company. Is this so, or did I misunderstand? I ask this because I am invested in several companies I consider to be of great quality that have yet to make a profit: Lmnd, Fvrr, Nio. These are, in my opinion, quality companies, either because they have a competitive advantage over legacy rivals (Lmnd), because they are first in a new market niche (Fvrr), or because they have the backing of their government and, as Cathy Wood puts it, they are "on the right side of change" (Nio). They have so far failed to make a profit (although Nio especially has probably turned quite a few people into millionaires), and they are burning through borrowed money. I have bought into them because I see their future earnings, rather than just their present losses. Almost 100% of businesses start off like this, on credit. As an investor (if you can assume the risk) it is always more profitable to buy these kinds of companies BEFORE they start making a profit.
I appreciate the content as always! I love your perspective on stocks and companies and it's great to hear different perspectives from RU-vidrs and others. Thanks for doing what you do!
One nitpick. Your polls target your audience. Your audience is more likely to want transparency because if they didn't want what you were offering, they wouldn't have stayed and answered the poll
I think it would be misleading to say that high margins ultimately signify a moat. If you looked at Costco, they don't have very good margins, but they have amazing ROICs and one hell of a moat. This is because they don't generate their returns from having high margins but from high asset velocity or turning assets/inventory into sales extremely fast. Having one size fits all rules like a Debt to Equity ratio above 1 is bad or a PE ratio below 15 is good is not a good thing to have since it reduces the complex and beautiful world of business into something so simple that it has lost its proper substance. Remember what Einstein said: "Everything must be made simple, but no more simpler." Hope this helps and serves as a lesson : )
Its easy to buy. Very difficult to sell when up. Difficult to focus on practicality and numbers when emotions come into play. Thanks for the pointers on the Dogecoin issue. Its something I struggle with.
@3:00 Yeah this also was the case of SWCH (Swich Inc). The price droped a ton and I bought right afterwards. I now have a 25% return in a couple of months because of it.
They are pre-tax. In 2020 I didn't pay any taxes on dividends due to tax loss harvesting. (I sold a company at a loss during a low and put that money in a different company that recovered)
I spotted a message from an account visually similar to yours as the second comment suggesting to WhatsApp you. With a phone number. Checked the WhatsApp profile. Saw that the dude advertises Bitcoin brokerage services. Immidiately after that realized that it's a fraud 🙂
Oh man, I hope that guy sold some of his DOGE at over 60 cents! The recommendation to at least sell half and allocate the money into more diversified and stable investments was a very wise one. When people throw around huge gains and look it as "house money", willing to lose it all if the price corrects just baffles me. Sure on paper you may not have had to realize gains for tax purposes but if you aren't ever willing to take profits it can really hurt you for volatile assets. Really if taxes were not a concern or rules like wash sales, each day you stay invested in something is like buying back into the investment. If you over allocated into any one investment with too much risk you are just gambling your money in my opinion. Going from 100k to 2 million and back to 100k still means you lost the opportunity to realize those gains and shouldn't just be dismissed as losing "house money".
Regarding DOGE, we need to avoid jumping to conclusions about things we don't understand. People can't earn money beyond perception, and even if they occasionally do, they can't hold it. The mainstream view of DOGE ignores the fact that DOGE is the ONLY potential BTC Killer that has existed for more than 5 years. DOGE's unique features(similar to BTC): 1) Fully decentralized(Full node cost is as low as a personal computer w/ >50G of storage); 2) Very stable (code forked from BTC, fewer code updates than BTC, fixed linear annual increments); 3) Real name founder but no influence (Satoshi Nakamoto is the sword of Damocles for Bitcoin, all other coins have founders and teams); 4) High face value ( a kind of Meme, gold also has a high face value, bitcoin does not). Therefore, if you think about the above, you'll realize that Musk has no other coins to call out, so DOGE coin is a necessity by chance. There will be more 'luck' in dogcoin in the future. Of course, DOGE, like other cryptocurrencies, currently has a high speculation component and is very volatile. Manage your risk and investment positions well. Not financial advice.
You make some very valid points here Joseph. I like to follow different types of investing channels to learn about the thoughts behind different strategies.
RU-vid has a lot of really good financial youtubers. You can filter out the crap from the ones that give you good analysis. I use it as a tool to find good stocks but I don't blindly follow anyone.
While i can agree with his stance. I think sharing is more important to the collective/community. Yes it increases your vulnerability but those who listen will teach others and that to me is worth the risk. Just be sure to enable MFA on your accounts and hide API Keys 🤣😂
I like how JC shows his stocks and amount. But is there info on how much Joseph contributes at any point in time? On average or other times that are off-nominal?
