Stock Market Investing *New* Complete Course

1. 3 Day Stock Investor Intro: Do you want to learn how to start growing your money faster by successfully investing in stocks in just three days. If so, you're in the right place. Welcome to three-day stock investor. My name is Wade Collins and I'm a successful investor with a wide range of experience in real estate, stocks and stock options. I built a real estate portfolio valued at over $2 million, along with a rapidly growing stock and stock options portfolio valued at over $400 thousand. Increasing housing, gas, food, and utility costs are making it harder and harder for you to live the dream life that you want to live. This course shares what I wish I knew sooner and will give you the money, strategies, knowledge, and skills to help you get to your best life quicker. After completing this course in just three days, you will have learned everything you need to know to start successfully investing in stocks. In this complete stock investing course, you will learn how to avoid the get rich never trap. How to know which investment is best for you. How to practice and learn. Risk-free. Step-by-step walk-through is on buying and selling stocks the right way. How to choose stocks, how to know when to buy or sell stocks. Reducing risk when investing, making consistent profits. And much more. I designed this course for the new or intermediate investor that wants to make more money without having to spend hours and hours watching videos, reading books, and making expensive mistakes. Get started now to learn successful stock investing in three days, begin growing your money faster and get closer to living your best life. I'll see you in the course. 2. How To Get The Most Out of This Course: Congratulations and thank you again for investing in yourself. And in this course. One of the best investments you can make is an investment in yourself and your knowledge. The skills you will learn in this course, we'll pay you back many times over. To get the most out of this course, you should make sure to space out the repetitions of important information. Rephrase key ideas in your own words as you watch the videos, test yourself by asking and answering your own questions about what you've just learned. Try to explain what you've learned to somebody else. Complete the course in order not making any trades until you've completed it. Alternate between practicing what you've learned and watching the videos again. And stay out of a perfectionism or all or nothing mindset. If you want to remember everything from the course, better, space out the information by working through the course little bits at a time, rather than trying to cram it all into a couple of days. If you're feeling a little confused about one of the videos, don't be afraid to move on and then come back to it again later. Rather than just sitting and watching these videos, pause for a moment. Then ask yourself how you would explain what you just learned to somebody else. As a side note, if you want to work through this course a little faster, you can choose to play the video is at a higher speed in the settings of the video player. Another great way to make sure you get more out of the course is by testing yourself. You can do this by asking and answering your own questions about the things you learn. And you can even explain what you've learned to someone else. If you're lucky, the person you talk to will probably ask you some questions which will help you learn it even better. I recommend that you don't make any trades until you've completed the whole course. Since it takes time for your account to be approved, feel free to set up your trading account and move money into it, but don't make any trades until you've made it through the whole course in order. This course was planned and built and the way that makes the most sense and is easiest for you to learn. Once you've finished the course, it's time to practice what you've learned and review the videos when needed. Once you've reviewed the information, you needed, practice again, then review again, and then practice again. After each time you practice what you've learned. When you go back to review the videos in the course, again, your brain will make more connections and you'll get something new out of the video. This is the best way to learn. Going back and forth from practice to reviewing will really speed up your learning. Online learning gives you the huge benefit of being able to stop, rewind and watch videos over and over. Don't be afraid to watch these videos more than once. This could make a huge change in your life if you put the time in. Also stay clear of a perfectionism and all or nothing mindset. Whether you're making progress through the course, making your first trays are making your first trade adjustments. Remember that progress comes in small steps. Realize that you're going to have to do things imperfectly and then course correct and improve each time you try. Also remember to make reasonable goals for your progress. And that rushing through this is not the way to get the most out of it. Reward yourself as you make progress through the course. And three are trading. To recap. To get the most out of this course, you should space out the repetition of important information. Re-phrase key ideas in your own words as you read. Test yourself by asking and answering your own questions about the content. Try to explain what you've learned to someone else. Complete the whole course in order and don't make any trades until you've completed the course. Alternate between practicing what you've learned in watching the videos again, in stay out of a perfectionism or all or nothing mindset. Now let's start making your money work harder and go farther. See you in the next video. 3. Your Investing Options - What Choices You Have: There are so many choices of where you can put your money. Most people choose to put their money into depreciating assets. These are things that are worth less over time. Things like cars, cell phones, video games, and more. Every time you buy and keep a depreciating asset, you are losing money. When you'd use your money to buy a appreciating assets, your money starts growing. Appreciating assets are things that are worth more over time. Things like real estate, stocks, gold and silver. When choosing where to put your money. The common choices are high-interest savings accounts, GIC, mutual funds, ETFs, dividend earnings, stocks or funds, stocks, stock options, crypto, and real estate. When you put money into any of these, you can choose to do it passively through stockbrokers or financial advisors. Or you can take control of your money, was self-directed investing accounts. Self-directed investing accounts allow you to make a lot more money while also paying a lot less fees. When choosing what you invest in. You need to remember that inflation is always fighting against you. Inflation is the constantly increasing costs of gas, cars, food, and so on. Safe average for inflation is 5% per year. If you are not making 5% per year with your investments, then your money is becoming worth less year after year. High-interest savings accounts are honestly a waste of time. I wouldn't even consider these in investment. But many people think they are doing alright by keeping their money in these accounts. These accounts pay about 0.1 interest per year. Moving up with a very slight improvement you can buy GI sees. Gi ICs are guaranteed investment certificates. These are investments you can get from banks and they guarantee a rate of return over a certain amount of time. Because they are such low-risk investments, they gave a very low return. Gic is require you to make a commitment to invest your money for one to five years. You can buy two main types of GI sees, redeemable or non redeemable. Redeemable GIC allow you to pull your money out before your one dash five years are up without paying a penalty, but they offer a lower return. Non redeemable GIC will not allow you to pull your money out before the one dash five years are up without paying a penalty. Because of this, these GIC is pay a higher return. Non redeemable GIC offer a max of about two-and-a-half percent yearly return. Again, these are honestly a waste of time. Mutual funds are the next step up. Most people don't have any investing knowledge and decide to hand their money over to their bank to let them invest for them. The bank then invest your money into mutual funds. Mutual funds are basically a big bundle of stocks and funds that you can invest in. This makes it easy for you to be more diversified, but it also causes you to have to pay much higher fees. These fees might not seem like they're much, but they make a huge difference over time. The average long-term return from mutual funds is about 5%. This is the bare minimum that you need to keep your money from losing value because of inflation. Etfs are exchange traded funds. These are very similar to mutual funds but have much lower fees. If you decide to do nothing else from this course, I would recommend that you invest in some good ETFs that get about six to 7% returns per year. Dividend earnings, stocks or funds are very reliable for most people. Dividends are a part of the profits that accompanies shares with people who own their stock. These companies pay these dividends either monthly or quarterly. An example of accompany like this would be Enbridge. You can easily search online for list of companies that pay the best dividends. If you want to find out how much you can make through dividends, you just have to search the company name and then the words dividend yield. Enbridge pays a 6% dividend yield right now. This means that you would make a 6% return per year just on dividends. While dividend stocks and funds have the perk of knowing that you will consistently get paid monthly or quarterly. The ones that pay really good dividends don't usually grow as much as other stocks. Dividends are also taxed differently than other investments. So make sure to talk to your accountant before investing in these stocks are the next step up and can allow you to make much bigger returns depending on the strategy you use. You can make returns as much as 40% or more in a year. Making money with stocks is all about being cracked about the direction the stocks are moving in. Stock options are even more powerful than the stocks because of leverage, you will learn more about what this means in the future. But leverage can make your gains or losses much bigger. Stock options have the huge perk of allowing you to make neutral bets on stocks so that you don't have to know which direction of stock will move in. You can also make money from time passing. Crypto is a newer type of investment you can make, but it definitely is not for everyone. Prices of crypto can crash or reach all-time highs in a matter of days, literally because of rumors or Elon Musk tweets. This can allow you to make a lot of money very fast, but you can also lose all of your money very fast to most people that invest in crypto end up losing all of their money. Real estate is a huge group of different investments. Depending how you invest in real estate, you can make lots of money. We will list many of the different ways that you can invest in real estate in a future video. Now you might be a little confused or overwhelmed after looking at all these choices, but don't be. Your main choices are GI sees, mutual funds, ETFs, stocks, stock options, crypto, and real estate. I would recommend investing in stocks, stock options, and real estate. Remember that if your investments are making less than 5% per year return, your money is becoming worthless year after year. If your investments are making a 5% return, you are not growing your money, but just preventing it from losing value. If your investments are making a 5% return or more, you are preventing it from losing value and also growing your money. Now let's start making your money work harder and go farther. See you in the next video. 4. Why The Person At Your Bank Isn't Looking Out For You: Investing can be very intimidating when you're first starting out. Nobody teaches you anything about investing when you're in school. If you only learn to invest, you need to know somebody or learn from somebody threw a book or a course. The advisor at the bank doesn't make investing seem any easier either, unless you invest your money with them. Plus c advice that they gave you is free. And you would think that they'll give you the best advice for you. Because of this, most people throw their hands up in the air, hand their money over to their bank adviser, and then put their heads in the sand. When you hand your money over to the bank like this, they will invest your money in mutual funds. But have you ever thought about how these advisors get paid? Nothing is free and these advisors are not doing this for free either. Mutual funds pay financial advisors for the advice that they give you. They receive a trailer fee, which is a percentage of the amount you invested for as long as your money is invested in these mutual funds, they get paid this whether you make money or lose money with your investments. Also, financial advisors are usually paid with extra hidden charges that happen when you buy or sell mutual funds. If these financial advisers get paid based on how much money you invest with them, how long this money is invested in, whether you make or lose money? Are they really looking out for you? It's not their fault. It's the way the system is designed. If you weren't absolutely set on getting a financial advisor, you need to get a fee only financial advisor. These advisors are paid for upfront advice. But because of this, you can trust that they will give you unbiased advice. Hopefully this has opened your eyes to something that a lot of people don't know. Now let's start making your money work harder and go farther. See you in the next video. 5. Why Mutual Funds Suck: Mutual funds completely suck. Not only do these make just enough to keep your money from losing value from inflation. But they also charge a ridiculous amount of fees. The banks love recommending mutual funds, especially their own, because they make so much money from these. The fees are hidden well, and most people don't even know that they're silently eating away at their money. These fees might not seem like much, but they make a huge difference in your investments, especially if you're investing long-term, which is how the bank advisors recommend that you invest. There are three main costs that come with investing in mutual funds. The management expense ratio, the trading expense ratio in sales charges. The management expense ratio, MER is a percentage and includes management fees, operating expenses, and taxes for the fund. The management fee includes fees paid to the investment manager and commissions paid to the Investment Advisors. Operating expenses include things like accounting fees, legal fees, and preparing reports. Each fund also has to pay taxes on management and administration fees that are charged to the fund. These taxes then get passed onto you. The trading expense ratio is the fund's trading costs. The more trades that the fund manager makes, the more that you have to pay in trading costs. The final cost that comes with investing in mutual funds is sales charges. These are fees that are paid when you buy or sell mutual funds. Front end load charges are paid when you buy mutual funds. And our percentage of the amount you invested, usually one to 5%. The sales charge is deducted from your investment and paid to the advisors firm. Back-end load charges are paid to the advisors firm by the fund company. Unless you sell your mutual funds before the time limit, they said, If you do, then you'll have to pay extra fees. These fees are from one to 5% and become less and less over a timeframe of two dash seven years. The returns that they tell you a mutual fund makes is after all of these fees are already taken off. If a mutual fund makes 8% and the fees or 3%, then the paperwork that they hand you which showed that the fund makes 5%. By doing this, they can hide these fees and most people don't know any better. But now after watching this video, you do know better. Now let's start making your money work harder. Angle further. See you in the next video. 6. How to Avoid the Get-Rich-Never Trap: Are you ready to get ahead of 99% of people with this video? Time to learn how to avoid the get rich never trap. Now that you know how the banks financial advisors get paid and why mutual funds suck. You can easily understand how to avoid this trap. When getting investment advice at the bank, they'll usually recommend a diversified mutual fund that is moderate to low risk depending on your age, goals, and investing timeframe. They'll show you an exciting chart or graph that shows how much your money will be worth in 20 years or more based on how much you invest each month. Let's say that it's the year 2030. And you are going to invest for 25 years. You have $2 thousand to invest upfront and $200 to add to your investments each month. Your return from your mutual funds is 5%. After 25 years of investing in the year 2055, you will have $126 thousand. That doesn't sound too bad. But since the price of everything goes up every year with inflation, that $126 thousand won't actually be worth that much in 2055. To figure out how much your investments will actually be worth, you need to use an investment inflation calculator. This will show you what the future value of your investments will be in today's dollars. If you take this exact same scenario in inflation is 5% per year, your future investments are only actually worth $37 thousand. This is devastating if you're counting on this for your retirement or any other big life goal. The sad thing is most people don't know this and the bank advisors don't tell you this either. If they told everyone about this, all the fees that go along with their funds and how their advisors are paid. There would be a lot less people investing in their mutual funds and they would lose a lot of money. If you want to test out your own scenarios with this, just do a Google search for investment inflation calculator. With this, you can really see how a 5% return is not enough to reach your goals by making returns of 25% or more with stocks, stock options in real estate, you can actually achieve your goals instead of the banks goals. This exact same scenario with a twenty-five percent return would leave you with a future value of $5,000,625 thousand. This future value after inflation would be $1,000,661 thousand. I don't know about you, but I would take $1,661,000.25 years over $37 thousand anytime. Now that you can see and avoid the gait rich never trap. Let's start making your money work harder and go farther. See you in the next video. 7. How to Know Which Investment is Best For You: To compare investments and decide which one is best for you. You need to know about ROI. Roi stands for return on investment. This tells you how fast your money will grow and how much your money will grow based on how much you invest. The only way to truly compare investments side-by-side is to compare their yearly returns. The best way to think of ROI is to think return overinvestment. To calculate this, you need to take the amount of money that you've made from your investments in the past year and divide it by the amount that you've had invested for the past year. Let's say that you've had $5 thousand invested for a year and you $300 from these investments. To find your ROI, you need to take the return you made $300 and divide that by the amount you had invested for the year, $5,000.3, $100 divided by $5 thousand is 0.06. Multiply that by 100, and you'll find out that your ROI is 6%. By using return on investment to compare different investments, you can make sure you are not wasting your time with an investment that will leave you disappointed in a few years. Instead, you will be growing your money fast. For other ways that you can compare your investments are volatility, liquidity, dependability, and control. Volatility is how consistent the prices If a stock reaches incredibly high prices today and then dives down near 0 the next day. Then it has a high volatility. Stock tends to keep a fairly steady price. It has a low volatility. Liquidity is how easy it is to get your money out of something by selling it. Real estate is not very liquid because it can take a couple of months to sell a property and get your money out of it. Now, stocks are very liquid because you can sell them almost anytime you want. Dependability and predictability is also very important. Stocks are funds that pay dividends are usually very reliable and give consistent payouts. G ICs are very reliable too. But neither GIC or dividend stocks and funds give you the best returns. Crypto is on the opposite end of the spectrum and can give you incredible returns, but it is not dependable or predictable. The final thing to consider is control. What affects the value of your investment, and what control do you have over the investment? Lots of people believe that you have more control over real estate than you do with stocks. But in a lot of cases, that isn't true. We'll talk about that more in future videos. For now, we're going to use ROI, volatility, liquidity, dependability, and control to compare a few of the most common investments you have to choose from. Let's start making your money and work harder and go farther. See you in the next video. 8. Stock Basics, Pros, and Cons: Stocks and shares are two words that get interchanged very often, but can be understood the same. The word stock is a broader concept to talk about ownership and accompany. Whereas shares are the units of ownership of a company. An individual unit of stock is a share. To use these two words correctly, you would say, I bought three shares of Apple stock today. If you said I bought three stocks today, people would think that you bought shares from three different companies. Stocks have been around for years, but I've got a bad rap. This is because lots of people get excited about stocks thinking it's a way to get rich quick. And then they jump in without knowing what they're doing. Not all stocks are the same. You could choose to buy penny stocks, blue-chip stocks, or anything in-between. You can invest in stocks from many different countries like Canada, the United States, or China. And you can also choose to invest in many different sectors, like healthcare, materials, real estate, consumer staples, consumer discretionary, utilities, energy, industrials, consumer services, financials, or technology. Blue-chip stocks are stocks from big companies that have a reputation of being reliable and being able to profit and good and bad times. Penny stocks are stocks from small companies that sell for less than $1 per share. Blue-chip stocks are less volatile and more predictable, but can grow slower than penny stocks. Penny stocks are much more volatile and less predictable, but could make you lots of money fast if you happen to guess at the right one and throw enough money at it. This is because their price is so low that a small increase or decrease in their value could either double or half your money quickly. The worst-case scenario, the penny stock goes to 0 and you completely lose your money. Individual stocks are more volatile than funds and ETFs. If you invested all of your money into one stock in that company isn't doing well. Your investments will not be doing well. Funds and ETFs are a bundle of stocks. So if one company isn't doing well, then the value of the ETF or PFK-1 would still remain fairly steady. This means your investments would keep fairly steady to funds. And ETFs grow much slower than individual stocks. But they are also a lot less to manage because you can buy or sell a bundle of stocks with one trade. If you wanted to spread the risk of buying individual stocks, you could easily buy a bunch of stocks instead of just investing in one. And this would allow you to make the great money that comes with individual stocks. Now when talking about liquidity, stocks are very liquid. You can sell them nearly anytime you want and get your money back. The problem is if your stock prices down, you don't want to sell the stock because you would end up taking a loss. This is why it is so important to only invest money that you won't need anytime soon. Always have an emergency fund and savings or a line of credit available in case something comes up and you need money. If you have money set aside for when stock prices are down, this is a great time to invest more and get some quick wins. Stocks can get you a great ROI and have a high-speed of growth, especially with the strategies that you'll learn in this course. Believe it or not, stocks are fairly dependable and predictable. If you're investing in well-known blue chip companies, their prices rarely make a steep drop or steep climb. As long as you're anticipating and expecting the yearly drops that happen to the whole stock market, you'll be fine. If you set money aside for buying into these drops, you'll make money that much faster and easier. With stocks, you don't have control of the value. The things that affect the prices of stocks are the prices that people are willing to buy and sell them for. The company's leadership and financial reports and other events that are happening in the world. The factors that you do have control over when you decide to buy or sell the company is you choose to invest in. Now that we've covered stock basics, next up is real estate. Let's start making your money work harder and go farther. I'll see you in the next video. 9. Real Estate Basics, Pros, and Cons: Most people only think of real estate investing as owning rental properties. There are so many other ways you can invest in real estate. Oh, stick around through this video to find out more. Real estate has been recommended as one of the best investments for a long time. And there's good reason. Owned properties usually have low volatility and a high-speed of growth. They are usually dependable but not very liquid. House prices don't usually drop or climb like crazy. But house prices can drop fast if you live in a town that has only one factory and that factory closes, it stores. The same thing can happen if you live somewhere else that's dependent on only one resource. Real estate is not very liquid because it takes awhile to sell a house and get your money back out of it. Rental properties make good returns because you can make money from passive appreciation, active appreciation, cash flow, and mortgage pay down. Passive appreciation is when you do nothing in the value of the house goes up. Active appreciation is when you make changes to a property to make the value of the house go up. Cashflow is when you rent a property to somebody and you collect more money than you pay in property taxes, repairs, etc. Mortgage pay down is the amount that your money owed to the bank gets paid with every mortgage payment. When you buy a property, you usually have to make a 20% down payment. And the other 80% of the price of the home is paid for by the bank. You can choose to make a smaller down payment, but then you have to pay for mortgage insurance. This insurance protects the bank only, not you. After buying the property, you then make payments to the bank over the next 25 years or however long you choose to pay that 80% off plus interest. Every mortgage payment has two parts to it. The interest and the principal. The interest is the amount you pay to the bank for borrowing the money to buy the home. And the principal amount is the amount that you actually pay down the debt width. At the start of the mortgage, you will pay more interest than you will at the end of the mortgage. The best three parts about owning real estate, our leverage, refinancing, and capital gains. Since real estate is a leveraged investment, you only have to pay $80 thousand to buy and make profits from a $400 thousand home. When the property value goes up, you can go to the bank and ask for a refinance to borrow extra money from the bank for investing. Also when you sell a property, but you will be taxa difference between the price that you bought the property for and the price you sold it for, minus lawyer's fees and realtor commissions. The great thing is that this is taxed with capital gains. When you are taxed with capital gains, you are taxed on 50% of the amount. In other words, 50% of this is tax-free. The other 50% is taxed at your personal tax rate. There are quite a few perks of investing in real estate. The problem is that a lot of the online real estate gurus don't give you the full picture. Real estate prices do not always go up. This depends on the area that you live in and what is happening with that area, with immigration, jobs, GDP, etc. Also, you don't have as much control over real estate as they liked to make it sound. Property prices and rental prices are all based on the amount that pupil are willing to pay. You can't make people pay more on rent than what the market is willing to pay. You also can't sell a house for more than what the market is willing to pay. You can do your best to choose good tenants, but you can't guarantee that they will pay you and that they won't damage the property. The government and landlord, tenant board are really cracking down on investors. Depending where you live, you are not able to charge a damage deposit and you are only allowed to make very small rent increases that don't keep up with other increasing costs. Most people only think of real estate investing as owning rental properties, but there are so many other ways you can invest in real estate. Some of these are flipping, private mortgage lending, long-term rentals, short-term rentals, syndicate mortgages, wholesaling or a whole tailing, Airbnb, rental arbitrage, or renting rooms. The cons of real estate, or that a lot of the well-known real estate strategies require large amounts of money and require lots of knowledge and expertise. Next step to learn is stock options. Let's start making your money work harder and go farther. See you in the next video. 10. Stock Options Basics, Pros, and Cons: Stock options are a very powerful leveraged investment, just like real estate. They can make lots of money or lose lots of money quickly. A single stock option is 100 shares of a stock. If you bought one call stock option for Tesla, you would be obligated to buy 100 shares of Tesla if you didn't sell that stock option before it expires. This probably sounds really confusing right now, but you will understand all of this in future videos. The most important thing to know right now is that one stock option is 100 shares of a stock. Stock options volatility and liquidity is nearly the exact same as stocks. This is because stock options are based on whatever stock you choose. Since these are leveraged investment, your investments will grow very quickly with stock options. They allow you to see probability of profit before you make a trade. And with the right strategy, stock options can be predictable and dependable. This is because you can make money from neutral bets and time passing compared to trying to make money by guessing at which direction a stock will move. The things that affect the values of stock options or the implied volatility, stock price and direction, time remaining DT and dividend payouts and upcoming earnings. Look forward to learning lots more about stock options in future videos. Let's start making your money work harder and go farther. See you in the next video. 11. Crypto Basics, Pros, and Cons: Crypto is one of the newest investments you can make other than LFTs, lots of people would argue that crypto is more of a gamble than investing, especially because there is no physical thing that you're actually investing in. Crypto is extremely volatile and can go from new highs to extreme lows within days. This makes it an opportunity to make big money fast, but also a chance to lose all of your money just as fast. All it takes is a little bit of bad news or tweet from Elon Musk. And next thing you know, all cryptocurrencies are plummeting almost instantly. The value of crypto is mostly based on market sentiments and news from influencers or speculation. If people are just feeling unsure about things at the moment, crypto values can crash. Plus as of right now, Bitcoin dominates the crypto market, representing 42% of the whole market. When this main cryptocurrency goes down, it drags almost all of the rest of the crypto market with it. The majority of crypto is owned by crypto whales. And this causes more problems for smaller investors and people that don't know what they're doing. Whales are people that hold a significant amount of a cryptocurrency since they own a large amount of the currency and crypto isn't well-regulated. They have insane control over the prices. Many of the coins available even have any fundamentals or a solid base behind them to actually give them value. The only thing holding these up is a passionate community or a celebrity that promotes some. Think of cryptocurrencies like DOJ or ship. This doesn't give sustainable growth or stability. With that said, there are some cryptocurrencies like ripple or Ethereum that actually have backing behind them and are breaking new ground. I'd recommend that you don't invest money and crypto unless you were absolutely okay with the chance that you won't see that money again, that wraps it up for the basics of crypto. Let's start making your money work harder and go farther. I'll see you in the next video. 12. Choosing the Right App: The trading platform app is where you will buy and sell stocks, funds, etc. Whenever I say apps or trading platforms from now on, I'm talking about the same thing. Choosing the right app is very important. Different apps have features that others don't, but also different apps charge fees differently. And certain apps are easier to use than others. When most people are getting started investing, they think to get started with their bank. The problem is that direct investing through your bank is a lot more expensive than the other options that you're about to learn about. Rbc charges $10 each time you buy and each time you sell stocks or funds. This may not sound like a big deal. But if you're investing small amounts of money and making many traits, this really cuts into your profits. If you wanted to buy $40 of stocks and then decided to sell that $40 of stocks a month later, you would have to pay $20 in fees. That's 50% of the money you invested. If you did not make $20 or more with that trade, then you lost money just because of those fees. Another downside of investing with the big banks is that many of them don't allow you to buy fractional shares. Fractional shares are a small part of a stock. Let's say you want to buy a single share of Amazon stock, but you don't have $3 thousand to invest. With fractional shares. You could put $250 toward buying part of a share of Amazon stock. When it comes to good investing apps to use, TD Ameritrade is a very popular app in the United States. Here in Canada, I recommend you choose between one of the following two apps or use both. Interactive Brokers, also called PKR or wealth simple. While simple is a great trading app, especially for new investors. Well, simples app is easy to use and you can set up auto deposits from your bank account so you can make regular contributions to our investments without having to think about it. This app also makes it possible so you can fractional trade and the trading fees are percentage-based. This means you pay a flat percentage of fees based on how much you invest. There are no fees paid for Canadian stocks. But outside of that, you would pay one-and-a-half percent. If you wanted to buy $40 of stock and then sell $40 of stock, like from the last example, you would only end up paying $1.20 versus the $20 at the big banks would have charged you. The problem with wealth simple is that once you start investing in larger amounts of money, about $350 per transaction or more. The wealth simple fees start becoming more expensive than the big banks fees. Also, whilst simple stock charts are not very useful to read, and they don't give the option two option trade. My all-time favorite app and trading platform is IB KR. This is a great trading app that's available almost anywhere in the world. The trading fees are very low compared to both wealth simple and the big banks. This app and trading platform allows you to trade stock options, set up a stock margin account, and make fractional trades, and you can even set up auto deposit as well. The only downside that I've found with this app is that it can be a little more intimidating and difficult to use that first. But all of the upsides of this app make it well-worth learning though. Next up, you will learn which account type is right for you. And then you'll be able to set up your investing accounts and apps. Let's start making your money work harder and go further. I'll see you in the next video. 13. Which Account Type to Choose: There are three main types of investing accounts you can choose from registered, non-registered, and margin. Starting with registered accounts, you can choose between RSPs or T FSAs. Rsps are registered retirement savings plans. These are investment accounts designed to help save for retirement. Are RSPs are helpful for people that make a lot of money and pay a lot of income tax by contributing to their RSP. They're able to avoid paying tax on the amount they contributed until they withdraw the money from the RSP. This assumes that the person will pay less taxes because they'll leave the money in the RSP until they're retired. And we'll be in a lower tax bracket when they want to withdraw the money. Personally. I want my investments to still be making lots of money when I'm retired. I don't count on being in the lower tax bracket when I'm older and I don't contribute to my RSP, I would rather max out my tax-free savings account and grow my investments. Now, T FSAs, tax-free savings accounts are the second type of registered account. What tax-free savings accounts? You pay 0 tax on any gains. With both TO FSAs and RSPs. You are restricted to how much you can contribute each year. This depends on how much money you've contributed, how old you are, and how much money you've taken out. Your available contribution room will be on your tax return. When you pull money out of a tea FSA, you lose that contribution room until the next year. With RSPs, you lose that contribution room forever. When investing with RSPs or FSAs, you need to make sure that you're not making too many trades. If you make too many traits and registered account, they can claim that you're actively trading within the account and decided to tax you. If that happens, you lose the whole benefit of using one of these accounts. Always remember to consult with your accountant before deciding whether or not to put money into or take money out of registered accounts. The second main type of investing account is a non-registered or cash account. This is your regular type of investing account. You can add money or withdraw money from the account and make as many trades as you want without worry. Just remember that you will get taxed at your personal income tax rate with these accounts and you still have to pay some fees for each trade. The final main type of investing account is a margin account. Margin accounts are leveraged accounts. These accounts allow you to invest with your own money and borrowed money. Margin accounts can make your gains bigger, but they can also make your losses bigger too. I would not recommend investing with a margin account unless you have experienced trading already. That wraps it up for this video. Go ahead and start setting up your investment accounts. Let's start making your money work harder and go further. See you in the next video. 14. How to Practice and Learn Risk-Free: Investing a scary for a lot of people because they don't want to risk losing their money. A great feature that I PKR has is a paper trading account. A paper trading account is a fake money or Monopoly money account. When you open your account, you will get one of these paper trading accounts and be given 1 million fake dollars. You can use this fake money to practice making trades and learning to use the app. This can save you from making a lot of potential mistakes and also help you build confidence before you start making actual trades. To access your paper trading account, start by opening up the eye PKR app. This shows what the app looks like on my phone. You can see that there is a live section and papers section. The live section is the one that you would select to use your own real money for investing. The paper's section is the one that you'll select a practice risk-free with 1 million fake dollars. I'm going to select paper and then enter my username and password. You won't be able to see this because my username and password are blurred out for privacy. Now that I have my information entered, I'm going to select login. You can see that I have $1 million available for practice trading. And because this is a margin account, my buying power is $3.33 million. You will learn about margin accounts in a future video. If you haven't already yet, go ahead and start setting up your investment accounts, Let's start making your money work harder. Angle further. See you in the next video. 15. Adding Funds in IBKR: To add funds into IB PKR. First start by going to the Interactive Brokers website, www dot Interactive Brokers.com. I'll include the link below this video. Then you'll select login in the top-right corner of the screen, and then select Portal login. Here, it will ask you for your username and password. I have mindset to auto-fill, so the information is already filled in here. Now select login. It's now asking me to open the eye PKR app notification on my phone to confirm that it's me. This is because I have two factor authentication setup. This makes it so that my account is a lot more secure because I not only have to know my user ID and password to log into my account, but I also need my phone and to do a face ID scan as well. I just completed that. And now we are at the homepage of the eye PKR portal. Now along the top of the page, there is a menu of a few different headings. We want to choose transfer and pay, and then choose transfer funds from the drop-down menu. From here, we've got two choices. Make a deposit and make a withdrawal. We're going to choose make a deposit. Then to select your funding method, you will have to choose the currency you want to deposit, where it says choose one. I will select CAD for Canadian dollars. Now you can see I have three options for depositing money and the speed for how soon I will be able to use that money in my account. You can see that EFT is the slowest online bill pay as fast and bank wire is the fastest. I recommend using online bill pay because it is fairly fast, easy to set up and usually free to figure out how to do this, select, get instructions. If he said, save bank information too, yes, it will make it easier and quicker to deposit funds in the future. You will see this at the end of this video. Next, you'll have to type in your bank's name here and account number here. If you don't know your account number, you can get it by printing a Wojciech from your online banking. Then you will have to enter the bank account nickname. This is just a nickname for you to recognize the account on the IB KR website in the future. Next, you will have to type the amount that you want to deposit into the deposit amount field. If you want to make a regular deposit of a certain amount every day you get paid, then select make this a recurring transaction. If you select this box, it will then ask you to give a name to the recurring transaction. Choose how often you want it to repeat, and choose the start date and end date. I'm going to de-select that box and enter $2, then select get instructions. Once you do that, it will show you that a notification has been created for your intent to transfer $2. And it will tell you to go to your banks online banking bill payment service and add interactive brokers as a payee. Since I live in Canada, mine will save US Interactive Brokers Canada ink. Then once you have logged into your online banking, you will do a bill payment to transfer $2 to the interactive broker pay that you set up. The information that you put into the eye became our website, is just to let them know that you plan on transferring money to them. It will not actually transfer the money. To transfer the money, you need to go into your online banking and do a bill payment to interactive brokers for the amount that you want to deposit. If we select Finish, and then go back to naked deposit. Again. You can see that I have new saved deposit information and can quickly select, use this account next time I want to make a deposit again. Then all I have to do is enter the deposit amount and then select, get instructions and go to my online banking account and do a bill payment for the deposit amount I entered. Now, go ahead and get your first deposit into your account completed. Let's start making your money work harder and go further. See you in the next video. 16. Withdrawing Funds in IBKR: To withdraw funds from I became our first start by going to the Interactive Brokers website, www dot Interactive Brokers.com. I'll include the link below this video. Once you're on the website, then you'll select login in the top-right corner of the screen and then select Portal login. Here it will ask you for your username and password. I have mindset to auto-fill. The information is already filled in here. Now select login. It's now asking me to open the eye PKR app notification on my phone to confirm that it's me. This is because I have two factor authentication setup. This makes it so I not only have to know my user ID and password to login to my account. But I also need my phone and to do a face ID scan as well. I just completed that and now we are at the homepage of the IV care portal. Now along the top of the page there is a menu of a few different headings. We want to choose transfer and pay, then choose transfer funds from the drop-down menu. From here, we've got two choices. Make a deposit or make a withdrawal. We're going to choose make a withdrawal. Then to select your funding method, you will have to choose the currency that you want to withdraw, where it says choose one, I will select CAD for Canadian dollars. Now you can see I have two options for withdrawing the money and the speed for how long it takes to withdraw that money into your account. You can see that EFT is fast and bank wire is also fast. You can use both of these once a month for free. And then after that, each one of these will start costing you money. The EFT would cost $2 and the bank wire would cost $12. I recommend using EFT because it is a bit easier to set up and costs less to figure out how to do this, select, use this method. Then you will select banker information usage, which is whether you want to use as account for deposits and withdrawals or just withdrawals only? I'm going to choose withdrawals only. Next, you'll have to choose your bank account type. I will choose checking. Then type in your bank account number twice here. If you don't know your account number, it can get it by printing avoid check from your online banking. This will also give you your banks transit number and institution number. Now select click here to locate your bank and then type in the bank transit number and institution number that you got from the Wojciech and slept search. Double-check that this is the correct bank name and address, and then enter a bank account nickname. This nickname is just for you to recognize the account and I became far in the future. Now select Save bank information. It won't allow me to do this since I already have this bank account information saved. So I will go back to the withdrawal page and then select use this account. This now shows me how much cash I have available for withdrawal and the currency it is in. All I have to do now is type in the amount I want to withdraw and I could select and make it so that this would draw repeats if wanted. If so, I would choose a nickname for the repeating withdrawals so that I can recognize what it is. And then choose how often it repeats and choose the start and end date. I'm going to de-select that. Then all that is left is to choose create withdrawal. Now that you know how to withdraw funds from your IB KR account, Let's start making your money work harder. Angle further. I'll see you in the next video. 17. Adding Funds in Wealthsimple: To add funds in wealth simple, start by opening up the wealth simple trade app. This screen recording shows what the app looks like on my phone. If this is a new, well, simple account, you'll have to set up your bank account that you will deposit funds from or withdraw funds to. Along the bottom of the screen, you'll see a menu that says trade, discover, move, and more. To set up your bank account, choose move. Once you're in here, make sure you are in the money tab at the top of the screen. Then you'll choose Manage bank accounts from the drop-down menu. You can see I already have a bank account setup, but I've blurred out the information for privacy. If this is a new, well simple account, you'll select, Add a bank account. Then either choose your band from the list or do a search for your bank. Then you will be requested to log into your bank account and approved while simple to move funds. If you X out of this without logging into your bank account, you'll be given the option to connect your bank account manually using your bank account transit and account numbers, and by uploading a photo of a void check or bank statement form. Once you have your bank account setup, you are already to add funds. To do this, go back to the move menu and choose Add Funds. Once you're here, you can choose which bank account you're depositing funds from and which wealth simple account to add the funds to. Again, in the from section, you can see my setup bank account is here, but I've blurred out the information for privacy. I've selected that account and I'm going to select Confirm. In the two section, you can choose which while simple account to add the money to. I've got a few different accounts setup. What I will choose the personal account, this is my non-registered cash account. Once that's selected, hit Confirm and then continue. After you've made these two selections, then you'll enter the amount of money you want to deposit, what day you want to deposit it, and whether you want to do this just once or have this repeat as an auto withdrawal, I'm going to deposit $5. You can choose to make the deposit onetime, weekly, bi-weekly, or monthly. I'm going to choose to make this deposit one time. You can also choose when you want the deposit or deposits to start. I'm going to choose for this to be done today. You can see that it tells me I can deposit a certain amount of money instantly. And if I deposit anymore than that, I will get it in three to five days. From here. Select Continue. You want to confirm the details of the deposit to make sure it's for the right amount of money. The right frequency, which means whether you want the deposit to happen once or repeat the deposit date and which account the money is coming from and going into. Then you'll select submit deposit. Since well, simple allows you to make instant deposits up to a certain amount. I was able to just deposit this $5 instantly and we're done. Now let's start making your money work harder and go further. See you in the next video. 18. Withdrawing Funds in Wealthsimple: To withdraw funds in wealth simple, start by opening up the wealth simple trade app. This screen recording shows what the app looks like on my phone. Along the bottom of the screen you'll see a menu that says trade, discover, move, and more. To withdraw funds. Go to the move menu at the bottom of the screen and then make sure you are in the money tab. Then choose withdraw funds from the drop-down menu. Once you're here, you can choose which while simple account you're withdrawing funds from which bank account to add the funds to. In the from section, I've got a few different accounts set up, but I will choose the personal account. This is my non-registered account. Once I've done that, I'll select Confirm. The two section. You can see my setup bank account information is here, but I've blurred out the information for privacy. I've selected that account and I'm going to select Confirm, and then continue. After you've made these two selections, then you'll enter the amount of money you want to withdraw. I'm going to withdraw $5 and then select Continue. You want to confirm the details of the withdrawal to make sure it's for the right amount of money and withdrawal date. And also confirm which account the money is coming from and going into. Then you'll select Submit withdrawal. Now, the withdrawal is on its way and it will take between one to three business days for the money to show up into my account. Now let's start making your money work harder and go further. Uh, see you in the next video. 19. Growing Your Investment Account Fast: You can a3x your investments. This probably sounds too good to be true. I know I thought that when I first heard it, but just stay with me on this. How can this be done? Leverage and margin accounts. The reason that real estate is known to be one of the best investments is because of leverage. Leverage is using borrowed money to invest. If you think about someone buying a property, they would probably have to pay 20% of the purchase price as a downpayment. And the other 80% would be paid for by the bank. This is using borrowed money to invest. You can borrow five times the amount of money that you have to buy a home. For example, if you had $100 thousand, you could buy a $500 thousand home. Compare that to investing in stocks. If you had $100 thousand, you could only buy $100 thousand of stocks. What a lot of people don't know is that you can get a similar advantage as real estate with a stock margin account. There are two types of margin accounts. Portfolio or wretch t. Portfolio margin accounts allow you to borrow more money than Reggie t. But Portfolio margin accounts are not available in Canada. In Canada, a stock margin account allows an investor to borrow up to 70% of the price of stocks. If you had $100 thousand in a stock margin account, you could buy $333,333 worth of stocks. This means that any gain in your stocks would be multiplied over three times. If you made a 15% return, it would actually be a 50% return with a margin account. You can see how this would make a huge difference over time. While you're probably now excited to go sign up for a margin account asap. It's important to know that buying stocks on margin is a double-edged sword. Not only can your gains become much bigger, but your losses can become much bigger too. If you're investing in stocks in a margin account and your accounts starts dropping too much in value. You either need to deposit more cash or sell a portion of the stock. If your account balance drops below the requirement, the broker can do a margin call without warning. When you get a margin call on your account, the trading company will choose to sell some of your investments to make sure that they don't lose the money that they let you borrow. Margin calls are not fun and you do not want to experience them. I've been lucky enough not to have to experience them because I've stuck to proven investing strategies. There are other people that haven't been so lucky. If you're investing in a stock margin account, you need to make sure you are committed to sticking to a proven strategy. To learn these strategies, you just have to keep progressing through this course. Let's start making your money work harder and go further. See you in the next video. 20. Why Some People Lose Money Investing: Most people jump into investing because they want to get closer to the dreams without having to work more hours and are sick of the bag not making money with their investments. The problem is most people end up losing money when they do this. It's not because investing as bad or that investing is a losing battle. It's because people jump in without any knowledge, strategy or plan. When you jump into investing without the right knowledge, strategy or plan, it would have nothing to fall back on. This is when you start hearing people talking about investments at work, in public and in the news. The have you invested in Tesla? Or I heard my aunts, cousins, grandpas, nephews, brother may tons of money and crypto or stocks have crashed. Is this the end? Next thing you know, either FOMO, greed or fear start kicking in. These three things. Fomo, greed and fear are investors worst enemies. Fomo is fear of missing out. This kicks in when you hear about Susie, who invested in the new XYZ stock and made tons of money. Instantly you want to jump on the bandwagon and start making money like them. The truth is, when you hear this news, it's usually too late and you already missed the opportunity. At that moment, it's time to accept that and move on, knowing that other opportunities will come up. You are fighting a losing battle once you start thinking that there will never be another opportunity like this one. Also, when your investments are doing really well, it can get exciting and grade can start kicking in. You might be tempted to put more and more money into your investments. This is a mistake. You need to refer back to the strategy that you promised yourself you would stick to. Never invest all of your money and always have some money set aside for when investments temporarily drop in value, especially if you have a margin account. The final emotion is fear. When the stock market is down, most people start getting scared. Bad news gets posted online and on TV, and everyone starts selling their investments at a loss. If you just hold onto your investments and use the money that you set aside for times like this, then you will come out way further ahead. This is an opportunity if you anticipate and prepare for it. Fomo, greed and fear all add up to Emotional investing. The thing is, investing cannot be emotional. This means you're investing should not be exciting, trendy, or something that keeps you up at night. If it's any of these things and you're investing wrong, or you're gambling. If you don't walk into investing with the right knowledge and strategy, then you are bound to fall into Emotional investing. Do yourself a favor and get ahead of the other 90% of people by setting yourself up right from the start, this course will give you the knowledge and strategies you need. But when you hear other people talking about investing or you see stuff in the news, remember to just follow the strategy and not let FOMO, fear or greed start kicking in. If you decide in the future that you want to try to adjust the strategy or try a new strategy, that's fine. But just make sure that you decide on the strategy. Have it written out and fully commit to it before you start investing. Now let's start making your money work harder and go further. I'll see you in the next video. 21. How to Choose Stocks - Fundamental Analysis - Part 1: Welcome to day three of the course, and congratulations on making it this far. Give yourself a pat on the back. Life gets busy and it can be easy to get off track, but you're sticking it through. So good work. Some people like to argue over two different ways to choose stocks. You have people on one side saying that fundamental analysis is the only way to do it. And then there are people on the other side saying that technical analysis is the only way to go. If you want the best results, then you should use both of these. Treat fundamental analysis as the WHO to invest in and treat technical analysis as the when to invest. Fundamental analysis will tell you how a company is doing based on their income, expenses, leadership, history, financial reports, etc. Technical analysis will tell you how accompanies stock is doing based on how quickly and how much the price is moving, how many people are buying or selling the stock, etc. When doing fundamental analysis, you will have to look at a company's history, financial information, their revenue streams, and their ratios. History is one of the most important things to check. How long has this company been around? Were they able to still do well during bad times? If a company has been around for 15 or more years than it probably is a fairly stable company. If you look back at the stock price over the last five years, has it been steadily increasing? If so, that is a good sign that the company could be a good stable investment. Does the founder or CEO of the company is still own a large part of the company or have a lot of money invested in the company. If so, that is also a good sign because that means that they have skin in the game and are more likely to ensure that the company does well, accompanies dividends are also something important to pay attention to. Dividends are a part of the profits that accompanies shares with people that own some of their stock. Not all companies pay dividends. If a company does pay dividends, that doesn't mean that the company is better or worse than a different company. It just gives you another way to make money when investing in that company. Dividends can be paid out quarterly, which is four times a year or monthly, and can be a consistent source of income. Companies that are doing well and are growing will usually increase their dividends year over year. This is a good sign of accompany that you would want to invest in. Dividend yield will tell you the yearly percentage return that you'll be paid for each dollar that you invest in that company. The dividend payout ratio is how much the company pays out in dividends versus the amount of income that the company makes. Although accompanied with a high dividend yield and a high payout ratio can sound exciting. Sometimes these companies will temporarily lower or even stop paying dividends in tough times. This is because high payout ratios can be hard to sustain for the company. A company that has dividends with a small or even a medium payout ratio is usually safer and more consistent through good times and bad times. You can look up, accompanies history of dividend payments and see whether they have continually increase the payments over time or if they have had times where they lord or even temporarily canceled them. There are three main dates to be aware of with dividends. The announcement date, ex-dividend date, and payment date. On the announcement date, the company announces the size of the next dividend payment and the date it will be paid out. The ex-dividend date is the date that you must have owned the stock before to be able to receive the dividend. The payment date tells you when the company will pay the dividend out. Now that you're starting to understand fundamental analysis, take a little break and then move on to part two. Let's start making your money work harder and go further. I'll see you in the next video. 22. How to Choose Stocks - Fundamental Analysis - Part 2: Continuing on with fundamental analysis, you want to look at a company's financials. One important thing to make sure of is that the company has multiple revenue streams. This means that they make money in a variety of different ways. This is also an important lesson that anyone can learn from business. Do you have multiple revenue streams or are you making money? And only one way? If you were just making money from your job, you could be in big trouble if your company goes under or something else happens that prevents you from being able to work that job. This is where investing comes in. Looking at Microsoft, they have three different segments for their revenue streams. Productivity and business. Intelligent Cloud, and personal computing. Revenue is broken down by these three segments so that you can see the numbers and growth for each one. Accompanies financial statements will usually also show the company's direct competitors. An easy way to compare different companies and stocks is by using ratios. Looking at the company's ratios by themselves is no good. Instead, you need to look at the ratios for the company and compare these two other companies in the same industry and compare it to industry averages. It's important to know that different industries have different averages for these ratios. Make sure to compare companies that are within the same industry. These ratios that we will use, our P0, p0, FCF, Pb, and DE. P0 is the price to earnings ratio. This tells you the price of a stock compared to how much the company earns. It's important to know that a PE ratio is looking backwards in time and it's just a snapshot. This doesn't take potential future earnings and growth into account. You're better off to use a forward PE ratio instead. This ratio looks ahead to future earnings and growth by taking the average of a bunch of professional analysts estimates for the future of accompany. A high PE ratio can mean a stock is overvalued or that it has high expectations for future growth. Low PE ratio can mean a stock is undervalued. The next ratio is the PFC F ratio. This stands for price to free cash flow. Cash flow is what is leftover when you take a company's income and you minus their expenses. For example, if you took accompanies money made from sales and then subtracted their expenses like rent, interest on debts, etc. Companies that have positive cashflow are sustainable and are less risky. Companies that don't have positive cashflow, susceptible to going bankrupt. These companies need to keep their company going by borrowing more money or issuing more shares to the public. A low P FCF ratio is a sign of a good company to invest in. The next ratio is the PB ratio. This stands for price to book. Book means book value. Book value is the amount of money that would be left over if he sold all of the company's assets and then paid off all of their debts. This is the value of the company on paper. Price to book is useful for comparing businesses in the same industry that have physical assets. Like a car manufacturer, it is a lot harder to get an accurate price to book ratio when it comes to digital assets, because it is very hard to put an exact dollar value on digital assets like software or cloud computing. To get the book value of accompany, you take the value of all the assets of the company owns like cash, buildings, real estate products, etc, and subtract all their debts that they owe. Low PB ratio is a good thing. The final ratio we're going to talk about is d0. This stands for debt to earnings. Most companies need to borrow money to be able to continue to grow. Very few companies have enough cash to be able to continue growing at a fast rate. What they do is they borrow money at two to 3% and then use that money to make 10% or more through their business. By doing this, they can continue to grow and they're making an extra seven to 8% or more with money that they didn't even have before. Companies need debt. But this is a balancing act. They need to make sure they don't take on so much debt that they can't repay it. Like you've learned in past videos, this is leverage. Using borrowed money to make money. A ratio of two means they borrow $2 for every dollar that they have. Different industries have different benchmarks for their ideal ratio. Companies that have a high debt to earnings ratio are considered higher risk companies. Because if they start making less money, they could get into trouble really quickly. Now that you know about fundamental analysis, it is time to search for some stocks you would like to invest in, to find and filter out different stocks. Go to fin viz.com slash screener. This is a free website that will allow you to search different stocks and funds by sector, country, PE ratios and so on. When you see accompany that looks good, right down that ticker symbol, and then carry on doing this until you get a list of companies that seemed to have good fundamentals and are from different sectors and countries. Next, go to investing.com and go through these companies one-by-one. This website, we'll go through the financials and ratios for each company and allow you to compare each one to the industry averages. I hope you've learned a lot from these last two videos. Let us start making your money work harder and go further. I'll see you in the next video. 23. How to Choose Stocks - Technical Analysis: Now that you know about fundamental analysis, it's time to learn about technical analysis. Technical analysis is all about reading charts and is something that you should do after you've already used fundamental analysis to choose a good stock to invest in. Although technical analysis can point you in the right direction many times, it is not always right. You can't fully depend on technical analysis. This is why some people believe that technical analysis is no good. The price of stocks is not determined by a bunch of fancy calculations, but it is determined by buyers and sellers which make decisions based on fundamentals, political events, and emotions. Even when all the technical indicators are pointing in one direction, it's still possible that the stock price can headed in a different direction. Avoid relying completely on technical indicators. When looking at these technical indicators, you might hear someone say that a stock is bullish or bearish. If a stock is increasing or likely to increase in price, this would be called bullish. If a stock is decreasing or likely to decrease in price, this would be called bearish. You will also hear investors talk about support levels and resistance levels. A support level is a price that a stock might drop too, but doesn't seem to go below. This is a low price that the stock seems to continue to bounce back from, because it is a price that many people start buying at. A resistance level is the price that a stock might increase too, but doesn't seem to go above. This is a high price that the stock cannot seem to break through because it is a price that many people start selling at. There are many different technical indicators you can use, but we're going to cover just two of them. Rsi and moving averages, starting with RSI. Rsi stands for relative strength index. This is shown as a single line chart. Rsi tells you the momentum of a stock's price and it is a number from 0 to 100. Lots of investors agree that if the RSI is 30 or less than, it could be a good time to buy the stock. If the RSI is 70 or more than it could be a good time to sell the stock. The number is 3070 are approximate and will vary a bit with each stock. If you look at the purple line at the bottom of this screenshot, it shows the RSI for Apple. The blue line above shows the price for Apple. You can see that each time the RSI drops close to 40, the price of Apple is low and it would be a good time to buy. The second technical indicator we will talk about is the moving average. A moving average makes price trends easier to see by filtering out small price changes. Moving averages will let you know if a price is trending up or down and can help you to figure out the support and resistance levels. When looking at the direction of a moving average line. If you see the line is moving up from left to right, then the price is trending upward overall. If the line is moving down from left to right, the price is trending down overall. Moving average can use any timeframe that is available on your chart, one minute, daily, weekly, etc. And can use a few different amounts of data points. Daily moving averages are the most common with 2050 or 200 data points. These are called the daily M81, MAFFT or MA 200. The M81 is the short-term average and will react a lot quicker to price changes closely following the stock price. The MAFFT is the medium-term average. The MA 200 is the long-term average and will react slower to price changes. A common use for these is watch for intersections between two moving averages, or to watch for intersections of one moving average and the stock price. If the stock price is crossing above the medium or long-term moving average, then the trend is starting to go up. This could be a good time to buy if the stock price is crossing below the medium or long-term moving average than the trend is starting to go down. This could be a good time to sell. When a short-term moving average crosses above a medium or long-term moving average. This means the stock is trending up in price. This could be a good time to buy when a short-term moving average crosses below a medium or long-term moving average. This means that the stock is trending down in price. This could be a good time to sell. Here is an example of a line chart for Apple. The blue line is the price of the Apple stock. The green line is a daily M81 and the red line is a daily MA 75. You can see that in November that M81 green line crossed above the MIC 75 red line. This would've been a good time to buy Apple stock. After watching the next video, I would encourage you to go to trading view.com to see these charts and play around with them yourself. Let's start making your money work harder and go further. See you in the next video. 24. How to Read Stock Charts and Candlesticks: Two ways you can look at stock prices or with line charts or candlestick charts. Line charts are very basic and only give you one piece of information per data point. You can choose to look at line charts over a bunch of different time periods, like one day, five days, one month, six month. Ytd. One why? 5-why or max? One day will give you the stock price changes over today's date. Five-day will give you the stock price changes over the last five days. One month, we'll give you the stock price changes over the last month. Six months will give you the stock price changes over the last six months. And YTD means year to date. And we'll give you the stock price changes from today's date until the start of the year. One means one year, and we'll give you the stock price changes over the last year. And 5-Why means five-year and we'll give you the stock price changes over the last five years. Max will give you the stock price changes since the stock has existed. Here's an example of the five-year line chart for Apple. I found this by doing a simple search in Google for Apple stock. You can see that the price of the stock is shown on the left axis of the chart. It's time and dates are displayed on the bottom axis of the chart. The five-year chart is useful for showing you if a stock has been consistently growing long-term, every stock has its ups and downs, but you want to choose a stock that tends to grow over time. Here is a one-year line chart for apple and a six-month line chart for Apple. You can see that changing the timeframe of the chart really changes the way the chart looks in the story it tells. The one-year and six-month charts are very good for looking at more recent price trends. Here, you can see what the recent high and low prices have been. And this can help you decide the low price that you might want to buy hat, the high price you might want to sell out. Although line charts can be really useful, candlestick charts give you much more information. Here's an example of a green candlestick. Candlesticks can be either green or red and can represent different timeframes. I will explain them as if we are using a candlestick chart with the day timeframe. This means there would be one candlestick per day to represent the stock's price changes. If the body of the candlestick was green, that would mean that the stock started at a low price in the morning and then finished at a higher price at the end of the day. The bottom of the body of green candlestick is the starting price, and the top of the body is the ending price. This is because more people are buying than selling. The starting price was lower than the final price. If the body of the candlestick is red, that means that the stock started at a high price in the morning and then finish at a lower price at the end of the day. The bottom of the body of a red candlestick is the closing or ending price. And the top of the body of a red candlestick is the opening or starting price. This is because most people were selling. So the starting price was higher than the final price. The lines or Wix above and below the candlestick would mark the highest and lowest prices for the day. No matter the color of the candlestick, the top wick is always the highest price and the bottom wick is always the lowest price. Here's an example of a candlestick chart for Apple. If you compare the line chart for Apple versus the candlestick chart, you can see that the candlesticks have a lot more information in them. Start doing some searches for line charts for stocks by doing a Google search for a stock name followed by the word stock. Try adjusting the different time periods and see what the chart shows. You. Also try looking at some candlestick charts by going to trading view.com and searching for a stock symbol or TickerSymbol. The ticker symbol for Apple is AAPL. If you don't know the symbol for a stalk, just do a Google search for the stock name followed by the word stock. And look for our four or five letter symbol like this screenshot here. While you're on trading view, look around at RSI and moving averages to see more of what we talked about in the last video. Now let's start making your money work harder and go further. See you in the next video. 25. How to Know When to Buy or Sell Stocks: Once you have done your fundamental analysis to find out what stocks to invest in, and done your technical analysis to find out what prices you want to buy and sell at. It's time to set up alerts. Both trading view and I PKR allow you to set up alerts, to set up alerts in IB KR, start by opening up the I became our app. Once you're logged in local along the menu at the bottom of the screen and select More than at the top of the screen, just below the eye PKR logo in your account number, you will see three icons, notifications, alerts, and I bought select alerts. Once you're here, you can see two alerts that I currently have setup. Margin less than or equal to 5% and margin less than or equal to 30%. To set up your alert touched the plus icon in the top-right corner. Then under conditions, I will select the plus icon in the green circle. Here we will set our conditions. You can choose to make three different types of alerts in IVR, price alerts, trade alerts, and margin cushion alerts. We are going to make a price alert. I'm going to choose price. And then search AAPL, which is the apple ticker. Now that has popped up, I'll select it. And I'm going to leave the method to default and changes the operator to be less than or equal to. Now, I will change the price to 150 and then select Done. At the top of this screen, you can choose to enter a name for the alert. I'm going to enter Apple below 150. Then I will select text message to change the message that gets emailed to me so that it says by apple, I'll double-check that my correct email is entered here and then select Done. Now I'll select Done, and you can see that the alert is now set up. I will now get an e-mail the next time that the Apple stock drops below $150. Go ahead and set up your first alert for your account. Let's start making your money work harder and go further. See you in the next video. 26. BOI Stock Strategy ©: The stock strategy we're going to talk about is a medium to long-term strategy. It is called buy and hold an averaging down. Let's say you want to buy five shares of Apple stock. The current price is $150 and you want to buy it at $125. When you see the price of the stock has dropped down to $135, you could decide to buy one share of stock. If the price keeps dropping down to $130, you would then buy one more share. If the price drops down to $125, then you would buy two more shares. Then if the price drops down again to $120, you would buy one more share. This is a great way to end up buying a stock for less. It is almost impossible to know for sure if a stock price has reached its bottom or when it will turn around. By gradually buying more shares as the price drops, you minimize risk and are more likely to buy the shares for a lower average price compared to if you just bought all five shares at once. With this strategy, you will continue to buy more and more shares of different stocks when they drop in price. Accumulating more and more stocks over time. If you don't want to hold onto these stocks for the long term, you can choose to use a similar strategy when the price goes back up. As the stock price starts rising, start selling more and more shares as the price gets closer and closer to the price that you want to sell. If the price goes back up to $150, you could sell two shares at $150. Then if the price rises up further to $160, you could sell another two shares. If the price jumped one more time to $165, then you could sell your final Share and then wait for the stock price to drop again to begin purchasing shares. This is a great way to end up selling stocks for a higher average price compared to sung all of your shares at the same time. These two strategies are a great way to make great money investing without having to watch stocks all day or get caught up watching too many technical indicators. If you set up alerts and IB care, you can spend even less time watching the stocks. Let's start making your money work harder. Angle further. See you in the next video. 27. Making an Order - Overview: The stock market is only open for certain hours and is closed on holidays. The regular market hours for the stock market are 09:30 AM to 04:00 PM Eastern time. When you want to buy or sell stocks, you have to put an order in just like you would if you were buying anything online or buying something at the drive-through. Here's an example of an order form in the IB KR app. This might look a little intimidating if you've never seen this before, but don't let it intimidate you. There are five main things that we want to focus on right now. These are the ticker symbol, which is right here. Quantity, order, type, price, and time enforce. These are the five important parts to making a stock order. In the next few videos, we'll be going over each one of these and what they mean. Let's start making your money work harder and go further. See you in the next video. 28. Making an Order - Ticker Symbol: First up is the ticker symbol. You can see it right here in the order forearm on IB KKR. The ticker symbol is a combination of four to five letters which represent a stock or fun. To figure out what the ticker symbol is for accompany, all you have to do is complete a Google search for the company name, followed by the words stock symbol. Here you can see Apple's ticker symbol is AAPL, and it's listed on the nasdaq Stock Exchange. If we do the same search for Tesla, you can see that their ticker symbol is TSL way. And it's listed on the nasdaq Stock Exchange two, when you're making an order in the IB care or wealth simple trading apps, you can usually just do a search for the company name. But it's important to know the ticker symbol to. Some companies have very similar names or ticker symbols, and it can be easy to get them mixed up. Use the ticker symbol and name together to know 100% that you've chosen the right stock or fund. Now that you know the first part to making an order, let's start making your money work harder. Angle further. See you in the next video. 29. Making an Order - Quantity: The second part of an order that we're going to cover is quantity. You can see the quantity here in the UK, our order form. This one is very simple. This is the amount of shares that you want to buy or sell. You can change the quantity by tapping on the number and then typing in whatever number of shares you want to buy or sell. Do you want to buy two shares, ten chairs, or 132 shares of Apple stock? Again, this one is fairly self-explanatory. Now let's move on to the next one and start making your money work harder and go further. I'll see you in the next video. 30. Making an Order - Order Type - Market vs. Limit: The third field we're going to cover is the order type. In IB KR, your order type is displayed here. And different order types can be selected by clicking on this arrowhead right here. There are a lot of different order types that you can use to buy or sell stocks. But the most important ones you need to know are the market order, limit order, stop order, and stop limit order. Each one of these can be a buy or sell order. You can have a market order or some market order by limit order or sell limit order BY stop order or sell stop order. In a buy stop limit order or sell stop limit order. In this video, we're going to cover the first to the market order and the limit order. Remember, you can have a market order or sell market order, and you can have a buy limit order or sell them in order. Starting with a market order. A market order will buy or sell stock at whatever price the stock is at the moment that you finish entering your order. A market order guarantees that your order will go through. The problem is that this type of order does not guarantee what price that you will buy or sell at. When you're first looking at a stock, the price could be $110. By the time you decide to make a market order to buy that stock and enter your order, the price could jump up to $120. Stocks don't always jump like this, but it's important to know that a market order doesn't guarantee that you will buy or sell stock and the price you want, but it does guarantee that your order will be completed. Next up is the limit order. Limit orders are the main type of order that I use. A limit order has the opposite characteristics of a market order. Limit order does not guarantee that your order will go through, but it does guarantee the price. Limit orders allow you to set a maximum price that you're willing to buy at or a minimum price that you're willing to sell at. This is great because it makes things more predictable and the trade will not go through if it doesn't meet your price requirement. That way you won't sell a stock for less than what you wanted or buy a stock at a higher price than you wanted. The downside of limit orders is that if the stock doesn't meet the price requirement that you set, then you will not buy or sell the stock. I see this as a very small downside because you can always go back and adjust the limit price if you see that the order isn't going through. To summarize, a market order will buy or sell stock at whatever price is currently available. Use this if you need to buy or sell stock right away and you don't care what exact prices happens at. A limit order will buy or sell stock at whatever price you set or better. Use this if you aren't in a rush to buy or sell stock, but you want to buy or sell at a specific price. I almost always use limit orders because you can go back and adjust the price as many times as needed to make the order go through. By using a limit order, you're much safer because you know the exact price that your trade is going to be made at time to start making your money to work harder and go further. See you in the next video. 31. Making an Order - Order Type - Stop vs. Stop Limit: The next to order types we're going to cover are the stop order and stop limit order. Remember, each one of these can be a buy order or sell order. First, let's cover the stop order. You can make a buy stop order or a sell stop order. We're only going to cover the cell stop order to avoid confusion. A stop order is similar to a market order, but the order is not made until the stop order prices met. Once the stock price meets the stop order price, a market order will automatically be made. Just like a market order. A stop order guarantees the order will go through, but does not guarantee the price that it will go through. Let's say a stock price is at $30 and you make a sell stop order for twenty-five dollars. If the stock price drops to $25, then a market order will automatically be made for you to sell your stock at whatever price is available when the order is made. The final order type is the stop limit order. You can make a buy stop limit order or a sell stop limit order. We are only going to cover the cell stop limit order to avoid confusion. Just like a limit order. A sell stop limit order guarantees the price that the order will sell at, but does not guarantee the order will go through. Let's say you own shares of stock and its price is currently forty-five dollars. To protect yourself in case the price drops, you make a sell stop limit order with a stock price of $42 and the limit price of $40. The stock price drops below $42, then a limit order will automatically be made to sell your shares for $40 or more if possible. If the price of the stock is dropping fast and there are a bunch of people's orders that are ahead of yours. Your order might not go through. Again, a cell stop limit order guarantees the price that it will sell it, but does not guarantee the order will go through. To summarize, both a sell stop order and a sell stop limit order are commonly used to prevent losses. A sell stop order will automatically make a market order once your stock prices met. The market order doesn't guarantee the price or stock will sell at, but it guarantees the order will go through. A cell, stops them order will automatically make a limit order. Once you stop prices mat. The limit order guarantees the price of stock will sell that, but does not guarantee the order will go through. Now let's talk about the next part of an order, price. Time to start making your money work harder and go further. I'll see you in the next video. 32. Making an Order - Price: The second last piece of information that you will have to put in for an order is price. In IB KR. You can see the current price of the stock are fun here. When making a limit order, you can set your price here by clicking on the limit price number and typing in the price you want. If you were making a market order, you will not have a price to enter. This is because a market order will buy or sell at whatever price is available the moment your order is entered. If you were making a stop order, you will have to enter a stock price. This sets the price at which a market order will automatically be made. If you are using a limit order, you will have to enter a limit price. This sets the minimum price you're willing to sell at, or the maximum price you are willing to buy at. If you are using a stop limit order, you will have to enter a stock price and a limit price. If you're making a sell stop limit order, the stock price will be the price at which your limit order is made. The limit price is the minimum price you're willing to sell at. Your shares can be sold at any price above the limit price. Don't be afraid to watch this video again, if you're confused at all. Let's start making money work harder, and go further. I'll see you in the next video. 33. Making an Order - Time-In-Force: The final decision you have to make when making an order is time enforce. You can see time and force and the IB care order form right here. To make a different selection other than day. Just click on the word day. Time and force is how long your order is good for. There are three options to choose here. Day, Good Til Cancel. And at the opening, if you are making a market order, the order will always go through no matter what you select here. When you select day, this order will be open for the whole day. If you made a limit order and your price requirements are not met by the end of the day, then your order will be canceled automatically. When you select good till canceled. This order will be open until your price requirements are met or you decide to cancel the order. When you select at the opening, this order will be made at the very beginning of the upcoming trading day and will be canceled if it doesn't go through at the start of the stock trading day. I almost always select Good Til Cancel and use limit orders when making orders because I know I can always go back and change the price or cancel the order if needed. This also allows me to decide in advance what orders I want to make an almost automate my trading. Now that you know all the parts that go into making an order, let's start making your money work harder. Angle further. See you in the next video. 34. Buying Stocks in IBKR: To buy stocks in IB KR. First start by going to the eye PKR app. If you want to buy actual stocks with your own money, make sure you have selected live trading instead of paper trading. Then login. This is the home screen for my account. I'm going to select the magnifying glass in the top-left corner of the screen and search for TLT. I'll type TLT in and then hit Search. I can see that there are three TLT that came up from my search. The first one is TLT on the Nasdaq Stock Exchange. Above the ticker, it says iShares 20 plus year Treasury B0. This is the one I want to select. Now, I will select stock and this will take me to the line chart for TLT. You can choose to change the line chart so it displays five years, two years, one year, six months, and so on. Right at the top center of the screen, you can see the name and description for this ticker symbol. Just below that on the left, you can see the ticker symbol TLT. You can see that it's from the Nasdaq Exchange. And you can also see the stock's current price here. If you look down on the right side, you can see it says, long 50. This means I already own 50 shares of TLT. Just a bit below that. On the left you can see MKT val, AVG price and cost basis. Cost basis shows what it costs to buy those 50 shares. Avg price shows the average price that I bought each share at. Mkt Val shows the market value or current value of these shares. Then on the right you can see P&L and URL P and L. This stands for profit and loss and unrealized profit and loss. Since piano is red, you can see that I currently have lost some money on this. If it was green, that would mean I have made money. If you scroll down a bit further, you can see a calendar events. This is important because you can see upcoming events like dividends and earnings announcements. Earnings announcements and dividend dates can cause prices to fluctuate because if a company has a bad earnings report, people will tend to sell a stock. Some people will also buy into a stock just before the ex-dividend date so that they can earn the dividends and then sell right after that date. This can also cause price fluctuations. I'm going to go down to the bottom right of the screen and then select the blue buy button. On this page, you can see all the different parts of an order which we talked about. Ticker symbol, quantity, Order, Type, limit, price, and time and force. This is the current price of TLT right here. I'm going to choose a quantity of two. Here you can see all the order types. I will choose limit. For the limit price, I will select $125 for time and force. I will select day. If the price of TLT drops down to $125 by the end of today, then I will buy two shares. If it doesn't drop that price by the end of the day, then the order will be automatically canceled. Next, I will select Preview and the bottom right corner of the screen. This will show me amount, which is how much it will cost to buy these shares. How many shares I am buying. It will also show me how much I will have to pay in commission. Below that, you can see the current values for equity with loan initial margin and maintenance margin. Beside that is the amount of change that this trade will cause to those three values. Then beside that is what those three values will be after I make this trade. Equity with loan is how much my margin account is currently worth. Initial Margin is the minimum that might count needs to be worth to make the trade. And maintenance margin is the minimum that my account needs to be worth to avoid getting a margin call. After reviewing these numbers, I'm happy with it and we'll tap and hold the arrow and the blue box and slide it to the right to buy these shares. Now it shows my orders pending. I can select Done and wait for my order to go through, wait for the order to expire. Or I could select modify to change the order price so that the order goes through right now. I'm going to just keep it the way it is. Let's start making your money work harder, angle farther. I'll see you in the next video. 35. Selling Stocks in IBKR: To sell stocks in IB KR first start by going to the eye PKR app. If you want to sell stocks that you bought with your own actual money, make sure you have selected live trading instead of paper trading and then login. This is the home screen from my account. I'm going to select portfolio in the bottom menu of the screen. This will show me everything that I'm currently owned and any current trades that I have in my account. You can see I have set up my column headings to show instrument, which is the ticker symbol underlying px, which is the current price of the stock or fund position, which is the amount of shares or contracts I own. Unrealized profit and loss, which is how much I would profit or lose on that trade if I close out the trade right now. And I have this displayed as both a percentage and actual dollar amount. Break-even is the final heading that I have set up. This tells me the price at which I would not lose money or make money on the trade. I'm going to filter alphabetically by the ticker symbol by tapping on the word instrument. Now I can see TLT and how many shares I own under the position column. I will tap on TLT and then select the right arrowhead on the far-right side. This will take me to the line chart for TLT. You can choose to change the line chart so it displays five years, two years, one year, six months, and so on. Right at the top center of the screen, you can see the name and description for this ticker symbol. Just below that on the left, you can see the ticker symbol TLT. You can see that it's from the Nasdaq Exchange. And you can also see the stock's current price here. If you look down on the right side, you can see it says, long 50. This means I already own 50 shares of TLT. Just a bit below that. On the left you can see MKT val, AVG price and cost basis. Cost basis shows what it costs to buy those 50 shares. Avg price shows the average price that I bought each share at an MKT Val shows the market value or current value of the 50 shares. Then on the right you can see P and L and URL P and L. This stands for profit and loss and unrealized profit and loss. Since P and L is red, you can see that I currently have lost some money on this. If it was green, that would mean I have made money. If you scroll down a bit further, you can see calendar events. This is important because you can see upcoming events like dividends and earnings announcements. Earnings announcements and dividend dates can cause prices to fluctuate. Because if a company has a bad earnings report, people will tend to sell that stock. Some people will also buy shares of a stock just before the ex-dividend date so that they can earn the dividends and then they will sell the shares right after that date. This can cause price fluctuations as well. I'm going to go down to the bottom left of the screen and select the red cell button. On this page you can see all the different parts of an order which we talked about. Ticker symbol, quantity, Order, Type, limit, price and time and force. This is the current price of TLT right here. I'm going to choose a quantity of two. Here you can see all the order types. I will choose limit. For the limit price. I will select $140 for time and force. I will select day. If the price of TLT rises up to $140 by the end of today, then I will sell two shares. If it doesn't rise to that price by the end of the day, then the order will be automatically canceled. Next, I will select Preview in the bottom right corner of the screen. This will show me the amount, which is how much I will get paid when I sold the shares, how many shares I am selling. It will also show me how much I have to pay in commission. Below that you can see the current values for equity with loan initial margin and maintenance margin. Beside that is the amount of change that this trade will cause to those three values. Then beside that is what those three values will be after I make this trade. Equity with loan is how much my margin account is currently worth. Initial margin is the minimum that might count needs to be worth to make the trade. And maintenance margin is the minimum that my account needs to be worth to avoid getting a margin call. After reviewing these numbers, I'm happy with it and we'll tap and hold the arrow and the red box and slide it to the right to sell these shares. Now it shows my order as pending. I can select Done and wait for my ordered go through, wait for the order to expire, or I could select modify to change the order price so that the order goes through right now. I'm going to leave it just the way it is. Let's start making your money work harder and go further. I'll see you in the next video. 36. Making a Stop Limit Order in IBKR: To set a sell stop order in IB care. First start by going to the IB care app. If you want to sell actual stocks that you bought with your own money, make sure you have selected live trading instead of paper trading. And then login. This is the home screen from my account. I'm going to select portfolio in the bottom menu of the screen. This will show me everything that I currently own or any current traits I have in my account. You can see I've set up my column headings to show instrument, which is the ticker symbol underlying px, which is the current price of the stock are fun. Position, which is the amount of shares or contracts I own. Unrealized profit and loss, which is how much I would profit or lose on that trade if I close out the trade right now. I have this displayed as both a percentage and actual dollar amount. Break-even is the final heading that I have set up. This tells me the price at which I would not lose money or make money on the trade. I'm going to filter alphabetically by the ticker symbol by tapping on the word instrument. Now I can see TLT and how many shares I own under the position column. I'll tap on TLT and then select the right arrowhead on the far-right side. This will take me to the line chart for TLT. You can choose to change the line chart so it displays five years, two years, one year, six months, and so on. Right at the top center of the screen, you can see the name and description for this ticker symbol. Just below that on the left, you can see the ticker symbol TLT. You can see that it's from the Nasdaq Exchange. And you can also see the stock's current price here. If you look down on the right side, you can see it says long 50. That means I already own 50 shares of TLT. Just a bit below that. On the left you can see MKT val, AVG price and cost basis. Cost basis shows what it costs to buy those 50 shares. Avg price shows the average price that I bought a share at. Mkt vowel shows the market value or current value of the 50 shares. Then on the right you can see P and L and URL P and L. This stands for profit and loss and unrealized profit and loss. Since P and L is red, you can see that I currently have lost some money on this. If it was green, that would mean I have made money. If you scroll down a bit further, you can see calendar events. This is important because you can see upcoming events like dividends and earnings announcements. Earnings announcements and dividend dates can cause prices to fluctuate because if a company has a bad earnings report, people will tend to sell that stock. Some people will also buy shares of a stock just before the ex-dividend date so that they can earn the dividends and then they will sell the shares right after that date. This can cause price fluctuations as well. I'm going to go down to the bottom left of the screen and select the red cell button. On this page, you can see all the different parts of an order which we talked about. Ticker symbol, quantity, Order Type, limit, price, and time and forests. This is what the current price of TLT right here. I'm going to choose a quantity of two. Here you can see all the order types. Remember, you can choose to make a stop order or stop limit order. I will choose stop limit for the stock price. I will select $120. For the limit price, I will select $115. If the stock price drops down to my stock price of $120 than a sell limit order will automatically be made with a limit price of $115. For time and force, I will select Good Til Cancel. This order will stay on my account until either the price conditions are met or I go in and cancel the order. Next, I will select Preview in the bottom right corner of the screen. This will show me the amount, which is how much I will get paid when I saw the shares, how many shares I am selling. It will also show me how much I have to pay in commission. Below that you can see the current values for equity with loan initial margin and maintenance margin. Beside that is the amount of change that this trade will cause to those three values. Then beside that is what those three values will be after I make this trade. Equity with loan is how much my margin account is currently worth. Initial margin is the minimum that might count needs to be worth to make the trade. And maintenance margin is the minimum that my account needs to be worth to avoid getting a margin call. After reviewing these numbers, I'm happy with it. And we'll tap and hold the arrow and the red box and slide it to the right to sell the shares. Now it shows my order is pending and we're done. Let's start making your money work harder and go further. I'll see you in the next video. 37. Buying Stocks in Wealthsimple: To buy stocks in wealth simple start by opening up the wealth simple trade-off and logging in. This screen recording shows what the app looks like on my phone. Along the bottom of the screen, you'll see a menu that says trade, discover, move and more. I will select Discover, then tap the search bar at the top and type and FTX, and then select return. You can see the search brought back only one result. I will select an FTX. This will take me to the main page for and FTX. You can see a description of NFT x, the current price, and a line chart. You can select different time ranges for the line chart, five years, one year, three months, one month, and so on. Like I said before, I find these while simple charts are almost useless, to find better charts, use trading view.com or the IVC AR app or search the TickerSymbol and Google. Just below the line chart, you can see some stats like the opening price, high price, low price, 52-week, high price, 52-week low price volatility, and so on. I'm going to select by at the bottom of the screen and then choose the account I want to buy with. I will select personal. And then next, at the top of the screen, I can choose if I wanted to make a market buy or limit by, I'm going to choose limit by and then enter $0.20 and then select Continue. Next, I will enter how many shares I want to buy. I will choose two and then select Continue. Next it will ask me to confirm my purchase. This page will show me the number of shares I am buying, the limit price, the commission, and the total cost, which is the amount of shares multiplied by the price of the shares plus any commissions. If I want to keep this order open for more than just today, then I have to select the slider that is about halfway down the screen on the right. This will keep the order open until the price requirement that I said is met. Until I cancel the order or until 90 days go by. I'm not going to select that this time. Next, I will select Confirm Order and I'm done. If the price of NFT x drops down to $0.20 by the end of today, then I will buy two shares. Otherwise, my order will be automatically canceled at the end of the day. If I want to cancel the order before that, I just have to select Done and then go to the More menu at the bottom right corner of the screen and then select activity. Here. I can see that I have a pending order for an NFT x limit by. I will tap on this and then at the bottom of the screen I can select Cancel order. I will select Cancel order and then select yes, cancel. And the order is now being canceled. Now let's start making your money work harder and go further. I'll see you in the next video. 38. Selling Stocks in Wealthsimple: To sell stocks. And while simple, start by opening up the weld symbol trade app and logging in. This screen recording shows what the app looks like on my phone. Along the bottom of the screen, you'll see a menu that says trade, discover, move and more. I will select trade and then scroll down to see the current stocks and ETFs that I own. I'm going to select View all holdings and then select zed WC. This will take me to the main page for Zed WC. You can see a description of zed WC, the current price, and a line chart. You can select different time ranges for the line chart. Five years, one year, three months, one month, and so on. Like I said before, I find these wells simple charts are almost useless. To find better charts use trading view.com or the PKR app or search the ticker symbol in Google. Just below the line chart you can see how many shares I own of zed WC, the total value of the shares. What percentage? This is my account, today's return and my total return. If you scroll down further, you can also see some stats like the opening price, high price, low price, 52-week high price, and 52-week low price volatility, and so on. I'm going to select cell at the bottom of the screen and then choose the account I want to sell from. I will select personal. And then next, at the top of the screen I can choose if I wanted to make a market sell, limit sell or stop limit cell. I'm going to choose limit cell and then enter $25 and then select Continue. Next, I'll enter how many shares I want to sell. I will choose two and then select Continue. Next, it will ask me to confirm my sale. This will show me the number of shares I'm selling, the limit price, the commission, and the estimated value, which is the amount of shares multiplied by the price of the shares minus any commissions. If I wanted to keep this order open for more than just today, then I have to select the slider that is about halfway down the screen on the right. This will keep the order open until the price requirement that I said is met. Until I cancel the order or until 90 days go by. I'm not going to select that this time. Next, I will select Confirm Order and I'm done. If the price of zed WC goes up to twenty-five dollars by the end of today, then I will sell two shares. Otherwise, my order will be automatically canceled at the end of the day. If I decide I want to cancel the order earlier, I just have to select Done. And then go to the More menu at the bottom right corner of the screen and then select activity. Here I can see that I have appending order for WC limit cell. I will tap on this and then at the bottom of the screen, I can select Cancel order. I will select Cancel order and then select yes, cancel, and the order is now being canceled. Now let's start making your money work harder and go further. I'll see you in the next video. 39. Making a Stop Order in Wealthsimple: To sell a stock limit order. And while symbol start by opening up the wealth simple trade app and logging in. This screen recording shows what the app looks like on my phone. Along the bottom of the screen, you'll see a menu that says trade, discover, move and more. I will select trade. And then scroll down to see the current stocks and ETFs that I own. I'm going to select View all holdings and then select PY PL. This will take me to the main page for P YPO. You can see a description of p YPO, the current price, and a line chart. You can select different time ranges for the line chart. Five years, one year, three months, one month, and so on. Like I said before, I find these while simple charts are almost useless, to find better charts, use trading view.com or the IB care app or search the TickerSymbol in Google. Just below the line chart you can see how many shares I own of PY P L, the total value of the shares. What percentage? Two, this is my account, today's return and my total return. If you scroll down further, you can also see some stats like the opening price, high price, low price, 52-week high price. If 52-week low price volatility, and so on. I'm going to select cell at the bottom of the screen and then choose the account I want to sell from. I will select personal. And then next, here I can choose at the top of the screen if I wanted to make a market sell, fractional sell, limit sell or stop limit cell. I'm going to choose stop limit cell and then enter $90 for my stock price and then select Continue. Next, I'll enter the limit price of $80. Then I will enter how many shares I wanted to sell. I will choose one and then select Continue. Next. It will ask me to confirm my sale. This will show me the number of shares I'm selling, the stock price, the limit price, the estimated value, estimated exchange rate, because it is an American stock commission. And the final estimated value. If I want to keep this order open for more than just today, then I have to select this slider that is about halfway down the screen on the right. This will keep the order open until the price requirement that I said is met. Until I canceled the order or until 90 days go by. I'm not going to select that this time. Next, I will select Confirm Order and I'm done. If the price of P YPO goes down to $90 by the end of today, then my limit sell order will automatically be made at a price of $80 or higher. Otherwise, my order will be automatically canceled at the end of the day. If I wanted to cancel the order, I just have to select Done. And then go to the More menu at the bottom right corner of the screen and select activity. Here, I can see that I have a pending order for a PIP all stop limit cell. I will tap on this and then at the bottom of the screen I can select Cancel order. I will select Cancel order and then select Yes, cancel. The order is now being canceled. Now let's start making your money work harder and go further. See you in the next video. 40. Reducing Risk When Investing in Stocks: Congratulations on making it through almost the whole course. This is one of the most important videos here. If not the most important one. Growing your money is exciting, but protecting your money is a lot more productive. Taking on lots of risk is irresponsible and a big loss can make it very difficult to regain the money that you started with. If you want to gamble, go to a casino. Let's say you had $10 thousand to invest and you decided to go all in on crypto. The next day, the price of that coin halves and you decide crypto is too risky. And so you pull all your money out, you know, have only $5 thousand to make enough money to get back to your original $10 thousand, you would have to make a 100% return. The next investment you make would have to double just to get back to your starting point. This is a losing game. Protecting the money you invested is so important. In this video, we will go over the many ways that you can protect your money when investing in stocks. Here's what we will cover. One amount of money invested to percentage of account used. Three, diversification for practice and paper money. And five, FOMO, emotions and rationalization. Growing your money and investing is very rewarding, but it can also be risky. Remember to never trade more money than you are comfortable losing. Always have a personal financial emergency funds saved and set aside along with a line of credit. This way, if an emergency comes up when your investments aren't doing well, you don't have to pull your investments. I add a loss. Never use more than 50 to 75% of the money and your investment account. Decide on the exact amount before you start investing. Not only will this protect you in case stock prices drop, but it will also give you an opportunity if stock prices do drop, by not having all of your money constantly invested, you will have money available to invest at the ideal times when you see opportunities arise. It is especially important to always leave extra money in your investment account. If you are investing with a margin account. This is at your discretion, but I like to leave at least 30% of the money in my account on mused, diversification means to spread out your risk. There are two main ways to diversify by country or by sector. By trading investments that come from different countries, you reduce your risk greatly. This is because different countries have different economies. While one country could be doing very badly and their stocks are tanking, another country, it could be doing great. Also, certain countries are focused in different sectors. If you choose to invest only in Canadian stocks, you are going to end up investing mostly in financials like the big banks and insurance. This is because this is what the Toronto Stock Exchange is mostly made of. The other main way to diversify its by sector. There are 11 stock market sectors. By spreading your money out across these sectors, you greatly reduce your risk. If you had all of your money and technology stocks in the year 2 thousand, you would have been in rough shape. The chances of all of these sectors going down at once is very slim. As a reminder, these sectors are energy, materials, industrials, utilities, health care, financials, consumer discretionary, consumer staples, information technology, communication services, and real estate. When investing, always make sure you are diversifying by country and sector. On top of diversification through different countries and sectors. There are two main ways to spread risk. These are quantity and timing of orders. By not buying and selling large quantities of stock at once, you reduce your risk. If you wanted to buy 50 shares of a stock, you can reduce your risk by timing your orders. Instead of buying all 50 shares at once by ten this week, followed by another ten the next week and so on. If you want to be even more careful, you could buy only ten shares per month. To reduce risk. Do not do any of the following. Risk. More than 5% of your account on any one trade. Make all your trades based on one stock. Make all your trades based on one sector, or make all your trades based on one country's stock market, whether it's American, Canadian, or European. Do the following to reduce your risk. Use less than 5% of your account on each trade you make and trade a variety of many different stocks, ETFs, or funds from different countries and unrelated sectors. I PKR and many other trading platforms make it easy to practice your trading by giving you a paper trading account. These accounts will usually give you 1 million fake dollars to practice making trades with. Use this to your advantage, to get comfortable with the trading platform or app, and get used to making trades. There is no rush to jump into trading with your own money. The market will still be around waiting for you when you're done paper trading. Fomo is an acronym for newer term, fear of missing out. This is really common in groups when you hear a friend or someone at work talking about some risky new investment or crypto coin that just recently spiked. The problem is by the time everyone knows about this coin or investment and you hear the hype behind it. You've missed the ideal time to own that coin or investment. If you jump in at this moment, you are likely to jump in near the peak price right before things plummet, causing you to lose your money. Remember that by ignoring the hype and lighting this pass, you did not miss the last chance in the world to make money. It is easy to catch yourself in FOMO, thinking that this is your last chance to make it big, it is important to remember that there will always be another opportunity. If you miss the ideal time to enter into an investment, let it go and move on. Do not chase it. Many of the best investors will tell you that investing should not be exciting. If you're investing as exciting, you're probably doing it wrong. Or gambling. You're investing should have a plan and system to follow. When you were following a system, things are almost robotic and fairly predictable and repetitious. Humans have emotions that can cause them to make bad decisions when investing, when things are going well. These emotions can get you into trouble by making you greedy or overconfident. When things are not going well, fear can cause you to make some bad decisions as well. Plans, systems and strategies do not have emotions. Use plans, systems and strategies as your map, compass, and guide. Do not enter into investments without having a plan. Remember to pay attention to all the following to reduce your risk. One amount of money invested to percentage of account used. Three, diversification for practice and paper money. And five, FOMO, emotions and rationalization. Now let's start making your money work harder and go further. I'll see you in the next video. 41. Getting Consistent Results: There are four key steps to making consistent profits. One, setting goals, to measuring, three, celebrating wins, and for protecting your capital. The first step is incredibly important. Even though you've probably heard it many times before. You need to set a semi-annual, a six-month or yearly goal. Make sure you are specific about the amount of money you want to make and by what date. Depending on your strategy, you can hope to make a return of approximately 30 to 40% nearly went option trading. But make sure your goal is realistic. Once you have your semi-annual or yearly goal, break it down into smaller monthly goals that you can monitor. The second step is monitoring or measuring. If you do not keep track of how much money you have invested, what your account balances now, or if your trades have been profiting, you will not know if you're making money and getting closer to your goal or losing money and getting further away from your goal. Keep track of your progress in the spreadsheet that we've shared with you. If you don't know how to use spreadsheets or don't feel comfortable with it. Then keep track using a piece of paper. If you major goals specific and realistic and you've been monitoring and measuring them, you should be able to accomplish your monthly goals. If not, look at your goals or strategy and adjust. If you didn't set your goals and measure them, you would not know that you need to adjust and where and how you need to adjust. See where you have been succeeding and winning. And then think about what was common between all the trades that you want. Try to recreate those situations and your future trades. Since you've set your goals and been measuring them, you can now celebrate the wins and goals that you've accomplished. Take the time to celebrate your small wins. It doesn't have to be anything extravagant. Just take the time to give yourself credit. A pat on the back, and maybe a nice tree. Rewarding yourself for your progress is what will keep you driven to improve and keep your progressing for the long term. The last step to making consistent profits is protecting your money. If you want to make consistent profits and protect your money, you have to battle investors. Three main weaknesses. You have to keep greed, fear, and FOMO uncheck. The best way to do this is by reducing risk, like I explained, and the reducing risk video. And having a pre-planned strategy that you follow and do not straight from. Protect your money and review the video on reducing risk if needed. Remember, it is a lot harder to regain money that you lost than it is to make smaller, less risky consistent returns. Stick to making smaller consistent returns, rather than getting greedy and trying to rush the process. Let's start making your money work harder and go further. See you in the next video. 42. Conclusion: Congratulations on making it through the course. You now know what you need to make great money investing. There's still lots more to learn about investing. But this course was designed to give you what you need to do very well without overwhelming you with extra information. If you enjoyed this course, I recommend that you check out our next course, which will teach you about stock options trading. Stock options are a great way to make more money even faster. And this is the way that I replaced my job income. All you need is ten minutes a day. I'll include a link to the course below this video. If you have anything you didn't like about this course, or if there is any part that you thought could be improved. We ask that you please send us an email or a message to let us know before you post a review. We want to continually improve this course so that it is the best investing course around. And we can't do that without your feedback. If you enjoyed the course, please let us know by leaving a review and sharing it with others who you think might benefit from it. Thanks again for trusting and us and our course, and congratulations on sticking it through with the whole course. Now go, we'll start making your money work harder and go further.