These are the 5 most common investing mistakes people make in their 20’s, and exactly how to avoid them. Enjoy! Add me on Instagram: GPStephan Merch: http://www.GrahamStephanStore.com/ GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50 The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ The first, and BIGGEST investing mistake that most people make in their 20’s is not investing AT ALL. NOT investing at all is a mistake that could potentially set you back tens of thousands or hundreds of thousands of dollars in the future. Consider this: the BIGGEST advantage of investing in your 20’s is the power of compound interest: this is the concept that your money will make you money, which then make you more money, which will then make you more money. The longer you have to invest, the more your money can make you more money. Now the second mistake is something that we’re all guilty of at some point…and that’s blindly listening to someone else investment strategy, without fully understanding the investment. First, your investing goals are likely different than the person you’re copying. Your age, risk tolerance, resources, and investment goals are likely much different. Second, you should only invest in stocks or businesses you understand…otherwise, if it fails, you’ll just sit there and blame everyone else for why you lost money. And that’s a lot easier to do than to take a look in the mirror and realize that YOU are responsible for your own actions, even if you follow someone else’s recommendation - you need to be disciplined enough make your own decisions that you believe in and fully understand. And third, you’ll likely have different entry and exit points than the person you copied. By the time someone posts about their trade, most likely several hours or DAYS have passed by and the investment price has changed. Same with their exit point…you have no idea when they’ll exit their position…what if they sell shortly after, and you don’t find out until weeks later, while you’re still holding on to it? Needless to say, this is not a sustainable trading strategy. Don’t do this. Instead, I recommend listening to what other people are trading…understand WHY they’re buying them, and then do your own research to verify if this is something you should also look into. The third biggest mistake I see is probably THE most common of everything I’ve seen, and that’s timing the market. The best strategy when it comes to doing this is simply buy, and hold. That’s it. The reality is that 99.99% of people won’t be able to time the market consistently and accurately. Now the fourth biggest mistake…and I guarantee everyone goes through this, and that’s getting too emotional or attached to your investment. This is a really, really tough one for people to overcome because we have a few things that get in the way: The first is FEAR. And it’s true…the fear of LOSS is much, much greater than the upside of GAIN. We FEAR losing what we already have, and that clouds our judgement to grow MORE of what we DO have. Second, we have Ego. Sometimes we’ll pick a stock and REFUSE to admit that maybe we’re wrong…even if we begin to lose money when we hold on to it too long. When it comes to investing, leave emotion out of it…focus strictly on fundamentals. And finally…we have the almighty number five. And if you’re not doing this, you absolutely NEED to as soon as this video is over…and that’s NOT taking advantage of tax advantaged accounts. These are accounts that you can utilize to save you TONS in taxes, and there’s NO reason not to take them…ever. Always take them. The Roth IRA, 401K employer match, or the HSA. Do them all. ESPECIALLY in your 20’s. ROTH IRA: https://www.youtube.com/watch?v=z-53ZTJmDUA RESOURCES: https://www.ifa.com/12steps/step4/missing_the_best_and_worst_days/ https://www.schwab.com/resource-center/insights/content/does-market-timing-work For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB