I've Made A Huge Mistake | Joseph Carlson Ep. 322

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About Joseph Carlson:
I am not a professional investor and have never claimed to be. I'm an amateur investor sharing my experience of what I've learned, where I have had success, and where I've had failures. I share my thoughts on investing and performance with transparency. My approach and goal to investing is to buy high-quality long-term investments in world-class businesses that I call "compounders". I view my investments as businesses, not as stocks. Before creating content on RU-vid full time I worked as a senior-level programmer for 8 years. Over the years as a programmer, I compounded my knowledge of development. I take the same iterative learning approach to my study of investing. I study investing as a craft in the continual pursuit of being better. I will make mistakes in investment decisions from time to time. Results are not guaranteed. Please do not blindly follow me into any investments, and make sure your portfolio and investments are built around your specific income, risk tolerance, personality, and timeline, and overall circumstances.

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3 окт 2024

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Комментарии : 291

@JosephCarlsonShow Год назад

📈 Stock Analysis Tool I Use: www.patreon.com/josephcarlson 🎥 More free content: www.youtube.com/@JosephCarlsonAfterHours 🐦 I post random thoughts on Twitter too: twitter.com/joecarlsonshow

@0my Год назад

Your commentors were right.. Don't say we didn't warn you. Also, stop supporting evil companies

@Dividendology Год назад

I’m glad I own $MSFT…

@elliotfolke836 Год назад

We all are :)

@christopherknight5526 Год назад

To the moon

@mikeyjudo Год назад

I sold mine as I didn't realize how much I had in my 401k funds

@radarreally2110 Год назад

I'm glad I got some before they went green again. But I was really looking to get more. Maybe there will be another nice pull back soon.

@darkshadow955 Год назад

Should have brought NVDA instead

@jeremiahtay5752 Год назад

Guess they weren’t intuit

@magic_fruit_bat5003 Год назад

NVDA just decimated the shorts after hours - 28% up

@Aziz__0 Год назад

Certainly! I understand that living expenses and taxes can take up a significant portion of one's income in the UK, which can limit how far that income can go. Even 100k doesn't get you very far and the dream of retiring early is starting to seem like a fairy tale. I have roughly $200,000 in 401(k) that I need to grow quickly. Please leave a comment if you can help.

@MrGravity304 Год назад

@Margaret It depends on your personal preferences and comfort level. However, one option is to keep things simple and consult an investment-advisor. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape.

@Blitcliffe Год назад

@@MrGravity304 I'm looking for recommendations for a reliable investment advisor who can help me develop a long-term strategy for investing approximately £5 million. Ideally, I'm hoping to achieve a 5% dividend with compounding, which would be around £250k per year.

@MrGravity304 Год назад

@@Blitcliffe My personnel advisor is "NICOLE DESIREE SIMON" . In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience.

@Blitcliffe Год назад

@@MrGravity304 I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks

@JAXFinancialUK Год назад

Its really not easy but here in the UK, the key is to maximise your ISA and pension contributions (SIPPs). But I’ll also say consider a scalable online business to really help boost your income

@RussAbbott1 Год назад

Intuit is not the sole cause of tax complexity. but It is one of the forces keeping it complex. Intuit is one of the loudest voices opposing tax reforms that would make it easier for taxpayers to fill out their tax returns. And they do it simply to protect their franchise, not as a byproduct of their normal business activities. That's evil. BTW, I agree with you about buy-backs. The primary risk is that companies often buy their stock at the highs rather than at the lows.

@HB-yl3qz Год назад

If your view is that taxes being simpler would be easier, then why not just revert to paying the full amount for each marginal tax rate that applies and declaring all of your income? It's as simple as it comes. No deductions. No Offsets. No tax avoidance strategies. Saved time. And from your perspective, evil company out of business. But you'd have to pay more taxes. The truth is that tax laws are complex because governments want money to fund their agenda and taxpayers want to reduce their tax liabilities as much as possible. So both sides hire lawyers, who nitpick laws to the nth degree. Yes, Intuit lobbying the government to not create tax software and make tax reform harder does limit accessibility, but it does not make tax more complicated or painstaking. And if by your perspective, evilness is defined as protecting your best interests, then we'd all be evil. Almost all major businesses who have the means to do so lobby the government if they can prevent unfavourable regulation.

@jonathanrowe5482 Год назад

As a small business owner and Intuit customer for 30+ years, I can say I'm looking to get away from them as soon as possible. While they push for users to move to the online platform, it is wrought with deficiencies and not recommended by most CPAs I've spoken with including my own. He has told me point blank that going to the online platform will double the cost of my corporate tax preparation. Intuit has raised the desktop "subscription" from $199.3 for 3 years to $299, then $349, and now to $1500 per YEAR, which makes it unaffordable for many small businesses. If I posted a recent chat with their tech team, anyone reading it would be shocked at the tactics and attitude Intuit has now assumed. It's brutal and that is the reason why many like myself are so angry at Intuit. Good for the company's growth, good for investors, not so good for people who need bookkeeping software, and especially those who do not want their data exposed within an online platform. I agree with your assessment of their value going forward, but I don't think I'll be joining you. Cheers!

@Martinit0 Год назад

Interesting. Would you care to tell us which other accounting software you plan to use?

@jonathanrowe5482 Год назад

Hi@@Martinit0 . Unfortunately I am unable to migrate to another software and in fact have found there really aren't any desktop-based accounting aps other than QuickBooks. Joseph is correct in that it's nearly impossible to get away from them making it a solid Moat play. I HAVE to use QuickBooks Enterprise.

@MX4551 6 месяцев назад

Just listen to what he's saying around 16-18 minute. We're just looking at the company as a neutral investor which goal is return. Of course I can understand small business owners struggling with price raises and bad service.

@tonisanchez7404 Год назад

With banks falling, inflation soaring, the Fed imposing a sharp hike in interest rates, while Treasury yields are rising rapidly, meaning more red ink for portfolios this quarter. How can I take advantage of the current market volatility, I'm still at a crossroads deciding whether to liquidate my $125,000 ETF/Growth Stock portfolio.

@tylersmith7528 Год назад

Focus on two key goals. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns.

@chicago0027 Год назад

pandemic, I've been in constant contact with a CFP. It's very easy to buy into trending stocks these days, but the task is determining when to buy or sell. My adviser decides entry and exit commands on my portfolio, and I've amassed over $550k from an initial $80k reserve.

@tonisanchez7404 Год назад

Can you leave your finanncial planner information and how i can reach out to her here? I need it badly.

@chicago0027 Год назад

No doubt, the stock market is definitely the most awkward teenager with the wildest mood swings! I began with a pundit by name Camille Anne Hector. Her approach is transparent allowing total ownership and control over my position and fees are very reasonable in comparison with my ROI. She is well known so you can look her up.

@tonisanchez7404 Год назад

Found her website easily it was like the frist thing that came up when I searched on her name and also her mail address I will surely touch bases with her to see what's the best step for me to take rn. THANK YOU.

@glbong42 Год назад

I like how you stand with your thesis and do not influence your decisions based on comments. Good on you.

@lslurpeek Год назад

Stand on his thesis? If you see some of his videos from a year ago there are drastically different holdings to now

@glbong42 Год назад

@@lslurpeek changing his mind is okay. But standing on what he currently believes on is what I am saying here.

@lslurpeek Год назад

@@glbong42 the issue is he changes his mind A LOT. But he will keep on changing to get more RU-vid views so he makes more income so he can buy more stocks so all the power to him.

@glbong42 Год назад

@@lslurpeek what's wrong about changing his mind, especially if the original thesis is not valid anymore?

@Unpronounceable. Год назад

@@lslurpeek People get smarter. Ideas change all the time. It takes time to develop your own strategy that you stick with. I’m sure your portfolio is perfect

@GrandviewKing Год назад

Buybacks from profits are fine, taking on debt to buy back stock and keep your share price inflated not so much. It’s all situational

@kenthoover3573 Год назад

I was surprised you added right before earnings. I tend to avoid earnings volatility

@JosephCarlsonShow Год назад

I’ve built about half my position. I want to add another 15-20k.

@blackbirdsnoop6301 Год назад

I would agree. And as i commented last week. I agree with your thesis, that it is a company which will grow its instrinsic value in 5year timeframe. However, if you get it on top for a price way below instrinsic value…you make a killing and minimize downside risk. But your entry, even for 50% position, was close to its current instrinsic value. Your argument, if you wait long enough for compounders to grow i counter with your capital is locked and you miss on better opportunities.

@jorged4763 Год назад

So, what was your “big mistake”?…

@midasderrek Год назад

@@jorged4763 That's just title bait

@druiz012 Год назад

@blackbirdsnoop6301 you never know when a company like Intuit will go down. If you wait for the "perfect price" you might miss out and never get into it. Personally I don't mind averaging down on a stock that I think will grow its intrinsic value over the next 5 years.

@alit161 Год назад

Can you give your insights on Paypal? Its free cash flow yield is 7% and even with sbc around 5%. Its also had major selloff aswell thx

@dustindodge5974 Год назад

Intuit is a solid company but I don't know many people who establish a core position right before earnings and at a time when all the talk is regarding the debt ceiling and what happened to the market last time.

@raymondadkins9130 Год назад

nailed it. no prudent investor would. they would DCA.

@Hawxxfan Год назад

The argument isnt that Intuit make taxes “more complicated” through lobbying, but if it weren’t for the Free File Alliance (which Intuit is part of), the government would just file our taxes for us for free (under a certain income limit). I think you make a very solid argument, however, that all companies are “evil” in one way or another

@Heatranoveryou Год назад

>all companies are “evil” in one way or another based anti-capitalist

@daarom3472 Год назад

this is literally the case in the Netherlands. Filing taxes takes like 15 minutes assuming you don't make use of complicated financial constructions or own multiple companies etc. You login with your digital ID, all information is there already and then the only thing you need to do is check it for mistakes.

@skyworldita Год назад

I usually have the same mind set when I analyze the stocks and I love your channel. For intuit I have a totally different view (I am not invested in it) and now I am so curious to see how it is going end this. Now , without writing a long paper, I will just answer to the point the the government software is not free because it is paid by tax payers. If I am a tax payer, why should I pay twice then? I a paying anyway for a gov. made software, why should I spend more money for a private one? As I said , I was not invested and I consider the long term in this company a risk. I will follow your investment. Good “luck”!

@thinkpod4543 Год назад

I was an intuit or TurboTax customer for over 10yrs I tried the “free tax act” tool by the fed! Tax Act was free the first time I used, last year! This year they charged me but it wasn’t $200 like TurboTax it was $30 bucks! With all the protection that comes with tax filings we will see how it goes as we move forward! I don’t hate intuit I am only looking for the best deal! Filing taxes on the internet is also very easy! a 12yr old can do it!

@slasher2052 Год назад

I'm an accountant that lives in Australia, and it is quite simple for individuals to lodge their own tax returns through our free government provided solution. The idea to me that the most basic of tax returns cannot be prepared yourself in the U.S is mind-blowing and disturbing

@rhoelg Год назад

total capitalism

@gerardmiller3362 Год назад

Intuit Bear Case: The government isn’t just launching a free filing software, they are testing it. They will build it out. Eventually you will be required to file through Uncle Sam.

@ugot1try Год назад

I might be interested in buying intuit at $200-225 but it is just hilariously overpriced right now

@Allen-L-Canada Год назад

my buy price is 100 to 150, according to my discount cash flow analysis

@darkshadow955 Год назад

@@Allen-L-Canada Intuit is a laughable stock at these current levels.

@Allen-L-Canada Год назад

@@darkshadow955 i agree. We need to buy quality stock at a fair price or an undervalued price with a margin of safety, not at any price.

@monykhiev7347 Год назад

@@Allen-L-Canadawhat stocks are on your radar now?

@retsoptihs0 8 месяцев назад

$636 now. This is why you shouldn't even pay attention to P/E ratio. If you think like that, all the great businesses will always be overvalued and you end up buying garbage. Do I want to buy Intuit at this price? No, but to say it was worth $100-150 was just absurd.

@thatpointinlife Год назад

How into it are you?

@sergeynevarez9085 Год назад

I can't wait to show this comment in a year, I've agreed with all your other picks except this one. This one just isn't it Joseph.

@retsoptihs0 8 месяцев назад

Yeah...

@TortoiseInvesting Год назад

Oh no! I'm down 2% on Vici and 3% on John Deere holdings, terrible companies! 😢 (Ima dca down if they keep dropping)

@MichaelJosephJr934 Год назад

I bought INTU years ago on a dip at 204.00 Holding.

@thekylegarcia Год назад

I agree with you about intuit , but as someone who is not a fan of volatility I wonder why you would not wait until after earnings to go in? Or is it isn't soemthing that is on the radar due to being long term focussed

@raymondadkins9130 Год назад

it was ego. no prudent investor would take such a large position a week before earnings.

@rajibear77 Год назад

Isn’t the more relevant question around buybacks , is the company buying their own stock because they believe they are paying less than the intrinsic value of the company. Isn’t the buyback decision supposed to be carried out like an investor would instead of just a blanket buyback policy. Shouldn’t the company concerned first visit all the capital allocation possibilities before doing buybacks. To me it seems many companies just jump on the buyback wagon because it’s the easiest thing to do. I don’t think Buffett does buybacks before considering other options with the capital they have and he certainly only does it if he thinks he is paying less than the company is worth. Are all the other CEOs doing this?

@raymondadkins9130 Год назад

spot on. i'm not a Buffett fan, but Berkshire handles buybacks properly. Most companies just use them to inflate earnings to benefit management, not the shareholder.

@stevenupton7825 Год назад

there is a potential victim in buybacks , if the shares are bought back above intrinsic value the remaining shareholders are victims, if a BMW is worth 50,000 and you pay 100,000 maybe your not a victim it was your choice , but if a share is worth 50,000 and some idiot your paying megabucks to run your company buys them back at 100,000 your a victim , look at IBM s buybacks

@guyredares Год назад

ok ok, we already know you can't beat the S&P with all your fancy analysis

@soup100 Год назад

Joseph, have you ever used a DCF Model to invest?

@karlbe8414 Год назад

hmm, I don't see NVDA in your growth port. :(

@darekaushi Год назад

it's a speculative hyped stock in his opinion

@karlbe8414 Год назад

@@darekaushi +25K, says otherwise, even with several short sighted mistakes along the way.

@seniorkevin Год назад

@@karlbe8414no it does not. Its decoupled from fundamentals at this point

@raymondadkins9130 Год назад

@@darekaushi every company he doesn't understand, every boat he misses = speculative hype.

@darekaushi Год назад

@@raymondadkins9130 exactly. And he’ll have a million excuses for the so-called good stocks with good fundamentals but performed like shit (Netflix, Alibaba, Amazon, the list goes on…)

@markarnoldsfinance2765 Год назад

I wish taxes were simple and we did not have to file yearly like some other countries, but that’s not the case and I’m grateful for a company like Intuit that makes it simple and easier.

@alanyoung159 Год назад

You got it wrong, people don't like Intuit because of tax reasoning, people don't like them because they have shady consumer practices. Example such as hiding its free filing from searches. It's not illegal, it's good business, but just shady.

@plumokin5535 Год назад

I just wanted to add a different perspective besides just intuit bad or intuit good. Lets say that intuit has all this power to do all these things people claim they can. Then why shouldn't the everyman make money off of it? If good investments are monopolistic companies, then lets make some money off of them. Investing is one of the best ways people can make money, and you don't even need to be rich to invest, just young enough to let it sit and grow. Who cares if Intuit is evil? If they do business efficiently and productively, invest.

@Martinit0 Год назад

Exactly! I keep saying this too. People: "Google bad, they make too much money from your data" Me: "Good point. I buy GOOGL ;-)"

@GaemingUnlimited Год назад

Do you think going to college is better than working and learning a trade?

@christiandgreat8127 Год назад

Buying high is your mistake Joseph

@raymondadkins9130 Год назад

yep. all ego driven. I like that company, so I can pay any price. if it goes down, I just say the market is wrong. I'm still right. buy my software.

@theryandenglershow Год назад

Great transparency Joe, great video

@motivational7531 Год назад

NVDA finally made me some REAL returns, time to sell though because this peak euphoria

@jackjia8773 Год назад

I don't touch Intuit because this industry is far from my circle of competence.

@MrCampbellambulus Год назад

Misleading headline. If you love the company you should love it more with a 5% discount

@mostafaelbassuony1200 Год назад

Why did you buy MasterCard and not Visa ?

@szilagyimiklos4757 Год назад

Did it really sell down 7% because it missed guidance by a really small margin? I dont belive that

@simulatethat6099 Год назад

Believe it friend

@dogelife7901 Год назад

Welcome to the "market"

@Foxyfreedom Год назад

Platinum group metals. My favorite long term holding currently.

@cdragon88 Год назад

I admit, i hate intuit and texas roadhouse, got bad experiences with both. But im hiping youre right about them both. Enough money to go around without hating on others.

@JohnDoe-iv7yu Год назад

Intuit is ripe to be destroyed, mimicked or bought out. Why did you go balls deep with them? Everyone knew this was a bad idea Joseph!

@alexk729 Год назад

Only bought Intuit after the 13F filings showed the big investors bought it. How novel.

@thegreat9481 Год назад

Lmaooooo

@davidshaw5872 Год назад

I’m buying more into big tech Apple, Microsoft Tesla

@TheBlackMage3 Год назад

I love your videos! This just happened to me with ulta beauty, but I'm confidence in it's long term prospects.

@HispanicAt7heDisco Год назад

People don't hate Intuit because "they're evil". I mean, they do, but that's not the only reason. Intuit has the worst customer service I have ever personally experienced. They have lost me as a customer forever. You can find threads online filled with users complaining about how little Intuit cares about retaining users.

@janis6321 Год назад

So where is your huge mistake?????

@jimspringer Год назад

Hey Joseph, have you put any consideration into AutoZone? Conservative revenue growth near 7% over 10 years with net income and adjusted free cashflow growing 10-11% average for 10 years. They also buyback over 6% of shares per year

@832elf Год назад

Like your videos. Some grammatical errors not treat them horrible but treat them horribly

@Video-vv9vc Год назад

INTU was $716 back in late 2021. will you tell those people bought into it then the same thing, just stomach it?

@raymondadkins9130 Год назад

lol, right. I know the company has value, the market is wrong. I'm comfortable losing money because, dammit, I'm right.

@DineroM Год назад

How are you investing so much money at a time? 24k in 5 days?

@kingconstructo Год назад

I made a mistake of not owning Nvidia years ago

@raymondadkins9130 Год назад

That's OK, JC is still scared of it. I'm up 600% on it since I first heard it bashed here 5 years ago. But I'm a wild crazy speculator. 'Real investors' like JC strive for much much less.

@SpliTTMark Год назад

shoulda bought nvda

@larse2678 Год назад

Why did Terry Smith sell Intuit? And have you stopped taking inspiration from him?

@neatstuff1988 Год назад

We'll have to start calling joseph tongue and cheek carlson. Whatever his click bake you can count on it being just the Opposite.

@Drotopia Год назад

I would say your a speculator if your just looking at such a short time period. Edit: I just wouldn’t have started a large core position so close to earnings but that’s just personal preference. Just in-case something comes to light that alters the fundamentals. At least Intu’s earnings weren’t bad imo and I’m keeping the same fair value. It’s def. A discount.

@AprilBebee Год назад

I don't think anyone should trade until we know the outcome of the debt ceiling talks.

@dogelife7901 Год назад

It's high. It'll get higher

@flakes369 Год назад

Microsoft is noticeably missing from ARKK when it's doing one of the most disruptive things in history

@RealSerie26 Год назад

MSFT is not speculative enough…and it’s profitable so it doesn’t qualify.

@M25ndfan Год назад

Joseph, long time watcher and fan here. Sounds a little like you're letting the trolls get to you a bit in this video. Trolls are going to troll. Keep up the great videos. I look for them every week and appreciate your insight.

@TJR82 Год назад

Intuit does super much dilution.

@Allen-L-Canada Год назад

Buybacks are bad only when 1) the company buyback when their stock price is overvalued 2) the company is buying back with borrowed money 3) the company do buyback to push the stock price up so that the executives earns a bigger bonus.

@ugot1try Год назад

Almost all of these companies have debt that they could pay off. So wouldn't they almost always be buying back with "borrowed" money?

@Allen-L-Canada Год назад

@@ugot1try good question. Some companies keep a low level of debt, and use only their al or partial free cash flow to do buy back. If their buy back amounts is greater than their free cash flow then they are borrowing money to do buyback. You can see it in their Cash Flow Statement.

@soulesailor Год назад

I'm curious why you aren't adding to your RR positions since they are dipping. You like Intuit more than them? Thanks, and great videos!

@abhinavnathani Год назад

Intuit is a classic example of don’t hate the player, hate the game.

@dogelife7901 Год назад

Hate the illegal tax system and the players too.

@imwrongandyourerightbecause Год назад

@@dogelife7901 im sorry you lost your life savings in an imaginary dog coin.

@thisisthesmg Год назад

Intuit isn’t showing up in your growth or dividend portfolio pie, Joseph? Your videos are, in my opinion, some of the best on YT.

@markusekkelenkamp8200 Год назад

💪

@UncommonCommander Год назад

My dislike of Intuit comes from using Intuit. I'm sure they'll be a great investment for you, but I don't trust their management to tell me the whole truth, and I don't like their products. That's a recipe for me to invest elsewhere, where I have more conviction. For what it's worth, I think your thesis is solid.

@giffica Год назад

Ready to bow your head to me on PLTR? Blown your entire portfolio out on a single stock combined with NVDA, AMD, LFCR, MELI, and SHOP. GG Joe. Buy cool stocks.

@lslurpeek Год назад

Joseph you say you are looking at a 5 year time horizon. Yet look how different your REIT portfolio is to just a year or 2 ago. I don't think you have ANY of those positions anymore

@JosephCarlsonShow Год назад

I have held Apple Microsoft Costco Estée Lauder Nike for over 5 years. So about half my current holdings are 5 years, and most other holdings are around 2 years or more.

@lslurpeek Год назад

@@JosephCarlsonShow I just looked at your current REIT holding and was a little shocked vici is the only one...

@Coda1850 Год назад

NLY

@lslurpeek Год назад

@@Coda1850 RITM, WELL, LTC, SPG, O!

@torernning8652 Год назад

Some people invest simply to make money, others see making money as a good but not at the cost of morality. Personally I would never buy stocks in companies that deal with tobacco, weapons and gambling. That does of course not mean that it is wrong for you. You do you, I do me...

@raymondadkins9130 Год назад

agreed. there are enough quality investments available that no one should ever invest against their beliefs. I don't invest in oil, big pharma or weapons. on the other hand, I have no problem with tobacco and gambling. to each his own. everyone has the opportunity to set up a banging portfolio without sacrificing their principles.

@thetruth4829 Год назад

AI will eat intuit’s lunch soon

@mickbrown815 Год назад

Can’t remember if you have ever made a video on discussing on how your able to make big purchases of a particular stock? Is it through your revenue from RU-vid or your job? I think early on you mentioned your work/job but wasn’t sure. Just curious. Love your knowledge, insights and videos. Thanks

@raymondadkins9130 Год назад

His job is RU-vid and the related hustles. That's how he can afford to invest so indiscriminately..

@jonathanstrange6227 Год назад

Think intuit is overvalued. It’s not really an attractive risk-reward proposition.

@discerningfreedom4124 Год назад

I agree that short term "investing" isn't really investing. I tend to think of people who make short term bets as "traders" and people who make long term bets as "investors". Although that's not exactly fair either since some people can successfully do both trading and investing.

@nidlee4458 Год назад

That’s exactly what they are, not just what you think. Making money as a trader is possible and not a bad thing itself, just rarer than long term holding a.k.a investing.

@dogelife7901 Год назад

It's educated gambling.

@IllusionAegean Год назад

can you do reviews on companies you down own anymore but you used to? like at&t or jepi

@deepvalue4651 Год назад

So you mean it wasn’t a mistake to add into it? *pun intended*. While I can agree that Intuit is a quality business I am not 100% sure if it is really trading at a discount. A large portion of this video was you trying to defend your position. I think that is lost effort. Don’t lose focus, Joseph. Finally I think it is very ironic that Satya Natella is selling ChatGPT as if MSFT engineers came up with it. Not sure this is speaking to their approach to innovation. But that’s just my opinion. Great video as always!

@_andbc Год назад

You always take the bait, don't you

@Defomir Год назад

Rule #1 Never buy-in before earnings.

@raymondadkins9130 Год назад

never go all in before earnings. a prudent investor, that truly was value focused, may buy some before earnings, but also buy some after earnings. buying so much a week before earnings was ego driven, not value investing. saying losing 6% in a week doesn't matter is disingenuous.

@davidyoung9443 Год назад

I agree that buybacks on the whole are good. What I have a problem with is when or how the company finances the buyback, issuing corporate bonds to finance the buybacks is in my opinion not a good idea. If a company is trading at a high evaluation that in my opinion is poor allocation of capital. How would I define high evaluation? Look at the mean P/E of a company would be an easy way to accomplish this. If the company is trading above this number I as a shareholder would prefer a dividend. Remember shares can also be reissued so in a way I am suspect of buybacks at times.

@brad265 Год назад

Hair to hair

@ermenejildo84 Год назад

Great video. I agree, as investors we must focus on the task at hand, grow our portfolio while managing risk. Who cares about the politics/lobbying, etc. Do you add funds continously to your portfolio, or does that gain reflect 100% the investment returns?

@dhruvdnar Год назад

I dont see how youre going to outperform a mix of index ETFs. VTI + Qqqm would have given yiu the same long term performance if not better

@thekingoftheworld9553 Год назад

Intuit solves a problem the US gov caused. In Europe I spend 0 time thinking about paying taxes. Looking how the US does most things is just crazy.

@florentlabeille694 Год назад

It's a nice video. 100% agree with your analysis on Intuit. Thanks. Just one point regarding your illustration/example on buybacks. It seems to me that it is coming from the Warren Buffett's latest shareholders annual letter. It would have been nice to quote him.

@Takosaga Год назад

Capitalism is about making money not about ethics. Companies are never on your side unless you're a shareholder

@Chris..440 Год назад

I started buying in on apple and Microsoft

@AdamWeatherall Год назад

Microsoft was hacked today by the Chinese, why is no one talking about this? One of only 3 , I6 status companies the only other 2 are Amazon, which has also been breached recently. And Palantir now being the last remaining i6 level company to not ever have been breached.

@Psychout26 Год назад

Not the flames Joseph!

@crunchycho Год назад

that costco bad comment was a bit of a stretch XD

@Alphahydro Год назад

Before I open a position, I confirm the stock's RSI is in the neutral or oversold range, the PE is below its 5 year historical, the yield is above its 5 year historical, and the price is at or below the 50 day SMA, all while on a down day. Adhering to this can assure any short term downside is limited.

@nightsight7696 Год назад

Not the last one

@SlothInvestor Год назад

Great video👍 Intuit has a great moat. It was in my watch list too. I removed it on the ground of their high intangible assets, increase in debt and high delusion of shareholders to buy some other businesses at a very high price. Hope it works for you on the long term👍

@AndresEmilioSotoRealEstate Год назад

You did a poor job breaking down how many times Microsoft said AI in their presentation....😂

@thegreat9481 Год назад

You’re investing in a large company with a very high P/E. That is not value investment either

@halfmoon26 Год назад

I added in to it

@simulatethat6099 Год назад

Intuit BAD

@Mamba83725 Год назад

Another huge mistake u made is not buying nvda or tesla in the low $100s lol

@raymondadkins9130 Год назад

💯

@rasern Год назад

4:21 I was listening to this on the side while working, and I misheard the word "trader" as "traitor", and I burst out laughing.

@Allen-L-Canada Год назад

i heard traitor too.

@dydx_ Год назад

Among all the "finance youtubers" your uploads and Patrick Boyles are the only ones that have stood the test of time for me in being both informative, and not giving it into classic american sensationalism. Appreciate these videos alot, thank you very much.

@eist8640 Год назад

as someone who lives in a country where free tax filing is the norm and paying to file taxes sounds like the worst thing to happen to an average citizen i can confidently say that the negative sentiment towards intuit is not understandable. we file our taxes through a government provided online service on the website of our version of the IRS. it sucks, it's over complicated it does everything to make things sound more complex than they are so people never really know how much they can really deduct unless they hire a professional. government provided services even if free are most likely not your friend. so yeah it's not all sunshine and rainbows in free tax filing countries. same goes to another one where i live for a few months every other year. when i looked at how taxes are done there it's pretty much the same thing. turbotax from what i've seen isn't terrible and it's a good thing it exists. people often like the idea of something and villainize companies who defy that idea that they forget to think about how the alternative would most likely be like. and that alternative might just be as complex as turbotax is but either based on their software with licensing paid to them through taxes or just easy enough to understand but you lose money by not getting back enough due to not filing it correctly.