Dan Fleyshman
๐ค SpeakerAppearances Over Time
Podcast Appearances
The number is just the concept. Let's say you got 10 grand saved up and you're like, all right, Dan, you've been yelling at me for half an hour now. All right, I'm ready to buy some stock. Don't buy any one stock. So if you have that 10 grand saved up, that theoretical number, no matter how much I like Apple, I don't tell you, oh, just go buy 10,000 of Apple.
Split it up amongst things that you like. So in this example, Walmart, Google, Meta, Tesla, Amazon, and buy 1K, 2K, 3K of those. Let's call it half a dozen different stocks. Now you've got a stock portfolio, right? 10 stocks. You bought 1K, 2K of each one, maybe 3K of one that you like the most. And now you've got yourself a half dozen stocks.
Split it up amongst things that you like. So in this example, Walmart, Google, Meta, Tesla, Amazon, and buy 1K, 2K, 3K of those. Let's call it half a dozen different stocks. Now you've got a stock portfolio, right? 10 stocks. You bought 1K, 2K of each one, maybe 3K of one that you like the most. And now you've got yourself a half dozen stocks.
Then over the course of time, when you have some extra capital, throw in another thousand bucks, five grand, 500 bucks, 20 grand, two grand, whatever you can afford, and you keep doing that over and over and over, you will be shocked what happens to your portfolio over the long term. No one can promise you or tell you what's going to happen along the way, the roller coasters along the way.
Then over the course of time, when you have some extra capital, throw in another thousand bucks, five grand, 500 bucks, 20 grand, two grand, whatever you can afford, and you keep doing that over and over and over, you will be shocked what happens to your portfolio over the long term. No one can promise you or tell you what's going to happen along the way, the roller coasters along the way.
What we can talk about is year after year for decades, these companies have continued to grow in sales, in staff, in execution, in locations, etc. And so if you find things that you like, find business that you like, get a comfortable amount that you're willing to put into those stocks and just keep adding to that over and over and over, you can build yourself a good stock portfolio.
What we can talk about is year after year for decades, these companies have continued to grow in sales, in staff, in execution, in locations, etc. And so if you find things that you like, find business that you like, get a comfortable amount that you're willing to put into those stocks and just keep adding to that over and over and over, you can build yourself a good stock portfolio.
Now, along the way, you might see some shiny objects. That's on you. I look at that more like gambling. Can you do really well at that? Of course you can. Can you get crushed and do really bad? Of course you can. I don't look at stock market that way for myself. I don't want to think about it. I want to think about my core businesses, making money in my businesses.
Now, along the way, you might see some shiny objects. That's on you. I look at that more like gambling. Can you do really well at that? Of course you can. Can you get crushed and do really bad? Of course you can. I don't look at stock market that way for myself. I don't want to think about it. I want to think about my core businesses, making money in my businesses.
then invest in the stocks invest in the things that i believe in over and over and over so you've heard me say a lot of the names that i believe in research them for yourself do your own research it's called dyor do your own research about the things i'm talking about but nothing i'm saying is rocket science i'm just talking about household name companies for you to look up and think about maybe i should own some amazon stock
then invest in the stocks invest in the things that i believe in over and over and over so you've heard me say a lot of the names that i believe in research them for yourself do your own research it's called dyor do your own research about the things i'm talking about but nothing i'm saying is rocket science i'm just talking about household name companies for you to look up and think about maybe i should own some amazon stock
Maybe I should buy some Netflix. Maybe I should own Meta. Maybe these companies that I buy from are things that I should own a little piece of. And especially if you're listening about Apple. Again, Apple stock is going to go up and down. There will always be roller coasters.
Maybe I should buy some Netflix. Maybe I should own Meta. Maybe these companies that I buy from are things that I should own a little piece of. And especially if you're listening about Apple. Again, Apple stock is going to go up and down. There will always be roller coasters.
But over the course of time, to me, the company's going to go from 1 trillion to 2 trillion, 2 trillion to 3 trillion, et cetera. And so when you're thinking about the stock market for yourself, research companies that you like, research companies that you shop at, check out these things. You can use apps like Robinhood and E-Trade. You can buy stocks really fast, really simple from an app.
But over the course of time, to me, the company's going to go from 1 trillion to 2 trillion, 2 trillion to 3 trillion, et cetera. And so when you're thinking about the stock market for yourself, research companies that you like, research companies that you shop at, check out these things. You can use apps like Robinhood and E-Trade. You can buy stocks really fast, really simple from an app.
If you ever need the capital, go right back into your bank account within the same day or next day, depending on what time you do the withdrawal. And so you still have access when you buy stocks if you need that cash. Again, I'd rather you buy a smaller amount that you don't need the cash, right? So let's say you have four grand a month in overhead. and you're making 80 grand a year, right?
If you ever need the capital, go right back into your bank account within the same day or next day, depending on what time you do the withdrawal. And so you still have access when you buy stocks if you need that cash. Again, I'd rather you buy a smaller amount that you don't need the cash, right? So let's say you have four grand a month in overhead. and you're making 80 grand a year, right?
Well, I don't want you to have $70,000 of stock, right? I don't want you to put all of your eggs in the basket you've been saving up for years, and you've got 70 grand saved up, and you put it all into the stock market. I'm not asking you to do that.
Well, I don't want you to have $70,000 of stock, right? I don't want you to put all of your eggs in the basket you've been saving up for years, and you've got 70 grand saved up, and you put it all into the stock market. I'm not asking you to do that.
Put an uncomfortable amount into the stock market that you can keep adding to quarter after quarter, year after year, buy more as you get more and more cushion, more and more capital coming in from your job or from your investments, and just keep adding to the portfolio of the stocks that you like.