STOCKS 101 – Stocks Explained to the Beginner
Episode 19 Grow $500 into $5000
Bryan Reich - Website: www.makestocksfun.com
If you want a copy of today’s seminar,
Everything is updated on Make Stocks Fun website.
My name is Bryan Reich. I am a successful stock investor and my goal is to become a stock millionaire.
In these sessions, I want to pass on my knowledge of wins and losses so you can enjoy the success I have today.
In last week’s interesting episode, we discussed
Cryptocurrency. Dubai is becoming one of the first cities to be run by blockchain technology.
Blockchain is HUGE and revolutionary because of:
Immutability: Once a record is added to the blockchain, it is extremely challenging to change or delete. This immutability is particularly valuable for applications requiring a permanent and tamper-proof record, such as in supply chain management or legal contracts.
Today’s Episode 19
Quote:
"Risk comes from not knowing what you're doing." - Warren Buffett
Funny Quote:
"Money can't buy happiness, but it can buy a yacht big enough to pull up right alongside it." - David Lee Roth
This is my favorite episode to run out of all of them. And something that is always on my mind. How to get my money to GROW? Too bad there isn’t a money-growing tree or a bird to help me. Maybe an angel?
I always think, “Bryan, let’s take a look at Finviz and see what opportunities are out there to get my money to double” What is Finviz?
Stock Screener- Trading view.
How much is this incredible tool? $1,000 $2,000 a month?
Free- Ads
That’s right, it just takes time, skill, and patience to acquire your dreams. In my upcoming book 4 Steps Stock Solution, I go over these steps with a workbook so you can focus on learning with purpose versus just aimlessly going through the motions. After all, there is practice and then practice perfect. Quite a difference indeed.
Does everyone understand this difference?
Practice: Practice can be casual or habitual
Practice Perfect: you pay attention to details, seek feedback, and constantly refine your technique. It often involves setting specific goals, analyzing your performance, and making continuous adjustments to achieve excellence.
Also following a guide that has done what you want to achieve helps. Understand?
I prefer the latter.
Since you are part of this episode right here right now, we go over the exact steps that I take to find out which “gems” are out there that might get me to double my money faster. Tomorrow sounds a lot better than years from now. Right?
The first step is to set up your right frame of mind. A Goal sheet setup in Excel or Google spreads whatever you like to use is fine.
In this scenario, we will take $500 and find out the precise percentage to get to $5000. How do we calculate this?
900% is the correct answer. We must increase our percentage by 900 From $500 to get to $5000.
Ways to get there. Blink twice and get out your favorite crystal ball Okay.
$500 has to double $1000 then double $2000 then double $4000 then 25%. The last step is easy peasy. Haha
So, I know you are thinking yeah right, and what about losses and setbacks, etc.?
No problem, I am way ahead of you.
Let's get smart!!!
I never said I could grow $500 to $5000 overnight or even within a year however I have done amazing things with patience.
When you set up a log and get your mind to focus on
A goal and the path to get there then you have a better
Chance on achieving it.
Did you know growing $500 to $5000 is more complex than my current goal of having over 1+ mil in stock? But anyway, I digress.
For the sake of this Powerful video, let's show you how to do it!!!
The first step is to chunk this BIG goal into micro steps. We have to design a way to get there, or we will never
Reach our destination. Makes sense?
We will use the 20% game. If we are after 20% then the company, we select should historically beat the market by at least 12% a year. The market on average returns 8%.
Are we on the same page?
Great. Believe it or not, lots of companies beat the market by this percentage.
I have a book coming out called Elite 100.
100 companies that not only beat the market
Every year by a significant amount, their earnings
Per share went up as well. Each of these companies
Has a variance of at least 20% on average year after year.
Let’s brainstorm as a group and come up with some exceptional companies. <Group Discussion>
+Tesla
+ Invida
+AMD
+ Apple
+Bk- A - $225,000
Excel Spreadsheet***
For this example, I have used AAPL- Apple
And HD- Home Depot
As you can see our 20% is VERY realistic.
Do you now see how your $500 could turn
Into $5000? This goal is obtainable, right?
By the way, this is the work I do. I help people achieve
Their dreams. If you haven’t subscribed to our
Website, makestocksfun, now is the time.
We have a newsletter starting in October filled with insights. Pioneer companies that you will want to know about. Dividend Busters, Low PE Stouts, and Quality Companies at a severe discount.
Excel Log sheet****
Now let's look at the yearly progression to ensure we
Feel like we can hit our goal.
Thankfully, we can DCA(Dollar Cost Average) each year to hit our goal much faster. Understand?
Great now we really understand and feel confident
Of making our goal into reality!!! Right?
By the way for our subscribers, I have set up a goal
Sheet aka vision board that allows each of you
To set your agenda and our warm loving community
Can help guide you to your dreams!
This is only one scenario there are lots of ways/methods
To hit our number faster than 8 years.
Would you like a bonus? Loyal fans.
I am going to show you two killer tools that can
Change your outlook on stock trading forever!!!
How much you might ask? This is the information
Age after all….. So it is my all-time favorite price.
Free!!!!
Finviz.com
Bigcharts.com
Both are necessary for tackling big dreams.
Hey when we dream, we have to dream BIG, right?
This week the market was perfect for this episode. Sometimes the stars align.
Why do I say this?
The Dow went from $350 to $330 so massive opportunities this week and who knows where the market will head to from here.
****FINVIZ -
We can use my favorite screens- Discount from book
Price over $20
We also can use a low PE screen.
We can set up a hot company screen.
I set up a screen on Finviz every day and
My findings will be updated in the weekly newsletter.
I hope you had fun, everyone!!!
Thanks for joining and I will see you next week.
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Great blog! Watch the vid for more details.