Mentioned in Video:

While others are focused on talking about the best stocks to buy now and in 2022 (TSLA and PLTR stock), I think we should be investing in our education as investors. #CathieWood holds some of the most misunderstood stocks on the market (like TDOC and ROKU stock) inside the 6 actively managed #ARKInvest funds. Here's how I'm setting Ticker Symbol YOU up for investing success in 2022 and beyond.

Video Transcript:



00:00
so it's 2022 and if you're anything like me you're already regretting your new year's resolution
00:05
sorry gym membership maybe next year i say that every year you're probably listening to a lot of
00:10
people's investing plans for 2022 allocating this much to stocks that much to crypto maybe some gold
00:17
or even some real estate in there nice the big issue here is the same one as listening to other
00:22
people's new year's resolutions in general it doesn't really help you with your own it's just a
00:27
data point so how come it doesn't help well that's because of something called the behavior gap
00:32
which is the difference between the returns of your investments like stocks and cryptocurrencies
00:37
and the returns of your investments as in when you actually decided to buy and sell them
00:42
the thing you may not realize is that this behavior gap isn't just about investing money
00:47
this could be the difference in the possible returns of your gym membership and your returns
00:51
based on how much you actually used it it could be the difference between your possible return on
00:56
time spent watching finance youtube if you watch the right stuff for you versus your returns in
01:02
actually clicking the first thumbnail that catches your eye the difference between your plan and your
01:07
actual execution of that plan is the essence of this behavior gap and your new year's resolution
01:13
as an investor should be to close it so in this episode that's what we're going to do your time
01:18
is valuable so let's get right into it the first thing we're going to do is clearly define our goal
01:24
why are we investing there's no wrong answer here but you need to be specific
01:29
are you setting yourself up for retirement are you trying to supplement your existing income with
01:34
more passive income are you growing an account for a specific purchase like a house or a car
01:39
do you have multiple goals be clear exactly about why you're investing and when you're trying to
01:44
achieve your goals then go to a compound annual growth rate calculator and literally lay out your
01:50
goal i have twenty thousand dollars i want to afford a brand new tesla model 3 in three years
01:56
which costs fifty thousand dollars give or take so i'm looking for an aggressive 36 percent compound
02:02
annual growth rate over the next three years that's more than the market returned last year
02:07
should i adjust my goal if i'm willing to wait one more year the growth i need goes down to 26
02:13
per year instead of 36 if your goal is more general like building a nest egg or supplementing
02:19
your income that's great just be clear about how much money you're putting in and realistic
02:24
about how much you expect it to grow money in money out and don't forget to account for taxes
02:30
there's no right answer but when you have a specific investing timeline and goal you
02:34
can start researching specific ways to achieve it by the way the further out your goal the more it
02:40
makes sense for growth stocks to be a part of your plan to achieve it the sooner your goal the safer
02:45
you should play it not the other way around each portfolio should have exactly one goal that can be
02:51
measured so you can clearly track your progress along the way if you have multiple goals set up
02:56
separate accounts that way you can accurately track your progress for each goal over time
03:01
instead of being in a constant state of stress this is our first step to closing this behavior
03:07
gap if i ran a fitness channel i'd be saying the same things except for your exercise routine
03:12
instead of your investing routine and speaking of your investing routine that's the next step we're
03:17
going to clean up our bad habits now that you have a real goal the bad habits are easy to spot
03:22
they're the things that get you further away from achieving your goal instead of closer to it
03:26
just like you have a real diet you also have a media diet and just like your real diet is
03:31
mostly caffeine and fast food your investing diet could probably use some work as well
03:36
in my opinion if it's got lettuce it counts as a salad so in 2022 i'm cleaning up my investing
03:42
media diet i'm getting rid of the tools and services that i don't use cleaning out my social
03:47
media and unsubscribing from youtube channels that don't do a good job of valuing my time
03:53
unsubscribing and unfollowing is a win-win for everyone this isn't reverse psychology it's
03:58
common sense it's good for you because you reduce unnecessary distractions and get your time back
04:03
it's good for that channel since they probably just lost an inactive and unengaged member of
04:08
their community and it's good for the platform like youtube since it will probably adjust its
04:13
future recommendations based on what you keep versus what you decide to cut also you shouldn't
04:18
only be keeping the media that you agree with having a biased view on the world in general and
04:23
on the stock market specifically is a great way to crush your own returns you should be keeping
04:28
the media that gets you closer to your clearly stated goal or at least makes you feel more
04:33
informed or entertained or relaxed as a result quality over quantity is a powerful way to clean
04:39
up your current and future investing media diet if you stick around till the end of the episode
04:44
i'll tell you my plan for this youtube channel that way you can decide whether to cut me or not
04:49
in 2022 now that you have a clear goal a realistic timeline for that goal a solid list of resources
04:55
that you're keeping and some time back from all the things that you're cutting the next step is
05:00
to form a plan and build some habits when i get to my desk i check cnn's fear and greed index i
05:06
do it every day because it provides me with a lot of high level information fairly quickly and it
05:11
updates daily it's a good habit the aaii sentiment survey only updates once a week on thursdays so on
05:18
thursdays i check that too in the know with kathy wood comes out on the first friday of every month
05:24
i have a google calendar reminder set so i don't miss it when it comes out it's become my routine
05:30
for you maybe it's a great finance channel or newsletter that you want to start making time for
05:35
maybe it's a specific website or tool that you want to check daily or weekly build a
05:40
little routine to check those few sources that you learned about in 2021 and promised yourself that
05:45
you'd start checking but never really followed up on it trust me i get it things fall through
05:50
the cracks all the time our investing resolution in 2022 is to not let the most important ones
05:56
fall through the cracks anymore here's the thing if you're anything like me you need someone else
06:01
to hold you accountable a gym buddy a personal trainer an app a class with a schedule whatever it
06:07
is you might need external motivation especially in the beginning investing is no different it's a
06:13
skill you build over time and one of the biggest things institutional investors and fund managers
06:18
and analysts have had for years is a powerful network co-workers conferences financial journals
06:24
well guess what retail investors have access to those things too this year you're going to
06:30
join a community pick a couple and just try them maybe it's a reddit community or maybe it's a paid
06:35
community on seeking alpha or the trading floor of kathysark.com whichever communities you choose
06:42
remember they should align with your overall goal it's a place for you to connect with people with
06:47
similar goals exchange plans and resources hold each other accountable and even make a few friends
06:53
not sure which ones to join most youtubers have a community on slack or discord where
06:58
you can chat with other members about the kinds of investments that that channel covers for example
07:04
my discord community is all about investing in disruptive innovation right now it has a channel
07:09
for every major type of innovation that arc invest covers like 3d printing virtual reality and the
07:14
metaverse robotics electric vehicles genomics and space exploration it also has a few channels where
07:21
people can talk about their highest conviction investments the stock market as a whole and the
07:26
latest episode of this channel after i release it joining my discord community is absolutely free
07:32
and it has around 4 500 members right now so if you're looking for a place to talk about advanced
07:37
technology tech stocks growth stocks arc invest and the metaverse this is a solid community to try
07:44
and if you're interested in joining i'll leave an invite link to that community in the description
07:48
below a lot of my members keep me accountable and have helped me close my own behavior gap
07:53
as a result if you're focused on passive income and dividend investing this is not a community
07:59
that will help you achieve those goals see how it all fits together alright speaking of the ticker
08:05
symbol you community let me give you the pitch for my channel so you can decide if i belong
08:10
in your investing media diet or if you should cut me in 2022 remember if i'm a bad fit for you
08:17
everybody loses my background is not in finance i have a bachelor's in master's in engineering
08:23
and i spent eight years as a scientist at mit where i worked on telescopes radars and other
08:28
sensors to track rocket launches so mostly applied math after that i was the head of data analytics
08:34
at an e-commerce agency where i helped executives from big publicly traded companies invest their
08:40
tech budget to grow their online business up to and through the first waves of the pandemic
08:44
so mostly applied math the trends i saw and how these companies were spending their technology
08:50
budgets are the same ones kathy wood in arkan best research talk about and invest in i think they're
08:56
on to something big really big so i quit my day job this past summer to focus on investing in
09:02
and making content about disruptive innovation as well so mostly drinking wine and crying while
09:07
staring at my portfolio in 2022 i'm going to keep focusing on investing in disruptive innovation
09:13
while reducing the amount of noisy content i produce what that means in practice is i'm going
09:18
to spend less time worrying about macro economics and market crashes and instead i'm going to put
09:23
out more deep dives on individual companies especially the ones that are fundamentally
09:28
misunderstood by the market the rokus the teledocs the palantirs and even the facebooks of the world
09:35
i'll also keep covering the biggest changes inside the funds that hold them like arkhanvest's rk and
09:40
meta the round hill ball metaverse fund i really do believe in the metaverse and the technologies
09:45
that it's being built on i also strongly believe in arkhan best's long-term vision on innovation
09:50
and technology so i'm going to keep talking about the research into the products and services
09:55
that's causing their funds to hold the stocks that they do i'm also going to start covering the
09:59
most important technology events that investors should pay attention to but may not know about
10:04
nvidia's gpu technology conference tesla's ai and battery days big fintech conferences and
10:11
maybe even cryptocurrencies since arc invest covers blockchain technologies
10:15
that's how all the content on my channel already fits together and i'm doubling down on that vision
10:20
in 2022 since the channel has 5xed in size this past year i've been able to land a bunch of new
10:26
interviews with the founders of awesome tech companies i've landed a couple relevant sponsors
10:30
with great offers for investors and tech nerds alike and i'm finishing up some pretty cool side
10:35
projects that i hope will keep taking your tech and investing knowledge to the next level after
10:40
all this is the channel that invests in you so if you're interested in having all that as part
10:46
of your media diet consider liking this video and subscribing to the channel with all notifications
10:51
turned on that's not just for me that's for you and for youtube as well and if that doesn't align
10:56
with your investing goals and plan going forward that's great you just got some time back each and
11:02
every week and you should be treating your time as an investment because it's the most valuable
11:07
resource that you have so stay long stay strong and thanks for watching until next time this is
11:13
ticker symbol u my name is alex reminding you that the best investment you can make is in you
11:32
you

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Alex Divinsky

πŸ’° Investing in our future through disruptive innovation, β˜• lover of coffee, πŸ“Ί host of Ticker Symbol: YOU on YouTube

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