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How To Get Started Investing In Stocks For Beginners 2022

Published on: December 2 2022 by Tatiana James

How To Get Started Investing In Stocks For Beginners 2022

How To Get Started Investing In Stocks For Beginners 2022

hey everyone this is stefan james from
project life mastery and i'm
joined right now by the beautiful
tatiana james and i'm going to be
interviewing tatiana to share with you
guys how she's built her multi-million
dollar stok
investment portfolio here on project
life mastery i've been putting out a lot
of videos when it comes to investing
i've got a whole playlist that goes more
in depth into investing in stoks
and it's been some of my most popular
content here on project life mastery
so i thought it'd be valuable for you
guys to bring tatiana here to share with
you guys how she got started investing
she's only been investing for a few
years now but been able to build a
multi-million dollar stok
portfolio and i thought it'd be useful
to hear from her
her story her journey how she got
started some of the mindset
principles and strategies that she
implements to build her
portfolio so that hopefully you guys can
benefit from it as well
so tatiana thank you for being here and
you want to
share with people a little bit about
your story and how you got started with
investing
yeah thanks for having me on so uh the
way i got
started was i just i had money sitting
around from my business
that uh was just not it was not doing
any work for me and i didn't just want
to have it in a savings account because
you know you're only going to accrue so
much interest and you want to make your
money work for you
that's that's how you can accumulate
massive wealth is by using the money
that you earn to make more money
so i understood that and i learned that
kind of by studying a lot of the
wealthiest people in the world and i saw
how a lot of them
the common denominator was that they did
have businesses of their own they were
entrepreneurs
but they invested and the investing is
how you can make millions turn into
millions
so i knew that i had to invest but i was
intimidated because i had never done it
before and i was scared
to lose the money that i worked so hard
to earn i was scared to make one
foolish decision and then just lose
everything so
it was a bit intimidating but that's why
i educated myself so i read
books i tried to read as many books as i
could and watch youtube videos on
investing
and i learned the basic principles that
i needed to
kind of get started learned how to
understand individual stoks learned how
to read the
the p ls the spreadsheets uh interpret
the data
learned about the different
methodologies of investing and i figured
that i was going to be a long-term value
investor
and the more i learned the more i
realized that there's so much more for
me to learn and actually start to get
more intimidated because i realize that
there's just so much more for me to
understand this is a whole new world
but then i just realized that you know
i'm losing because
time is money and the time that i'm not
having my money work for me is costing
me
so i want to get my money into
investments as soon as possible
so i decided to get started and just
understood that
it's going to be a lifelong journey of
learning i'm always every day i'm going
to continue to learn and that's okay
as long as i get started so i opened up
a brokerage account
and i sent a lump sum of money there and
then i had to decide how i was going to
you know allocate that money where i was
going to invest that money
and i learned how you know as someone
who is younger i can
make you know a bit riskier decisions
with my investments because i just have
more time
ahead of me time you know to make up for
mistakes
versus if i was older then you know you
kind of want to be more conservative
with your investments
because you probably need that money and
you can't make up for mistakes so
i learned that but i also realized that
you know i am a very
conservative person i'm not very
risk-averse when it comes to investing
so
naturally my decisions are going to be
you know less risky
nonetheless i decided that one of the
best places to start was with index
funds
index funds because i didn't have to
like trust myself 100 percent
uh to be able to make the decision
at picking individual stoks you know i
didn't have to
uh entrust myself to be able to
interpret the data and
determine whether or not the stok was
worth investing in
instead with index funds i could i could
invest into a whole fund of companies
and diversify
uh my money in that way and so um the
one of the first investments that i did
was in the s p
500 the vanguard index fund and i like
that because that is a fund of the top
500 companies in the us that the 500
largest companies
um in the us and so that way by
investing my money
that money would be spread out amongst
those companies
and that way i don't have all my eggs in
one basket so if a company did you know
go bankrupt or whatever reason you know
wasn't performing they would get booted
out
and be replaced and that way it's a very
uh you know
i mean all investing there's risk but
it's a lower risk investment i would say
now i also understood that usually with
like a lower
risk investment maybe means a bit less
of a return
and higher risk usually means a bit more
of a return higher return
and so individual stoks i saw that
there was
more of a return that i could make with
those and so i also started to pick some
individual stoks
for example shopify and tesla
and different stoks like that so um i
started to invest some money there as
well so that's kind of where i
started with my investments that's
awesome and you know that's such an
important point about what you said
about there's so much
information when it comes to investing
and that once you get into that world
you realize
man there's so much to this like i'm
never gonna learn this this is gonna
take me my whole life to figure all this
stuff out
but realizing you don't need to know it
all right like you just need to know
enough to get started and then you'll
learn as you go
and maybe if you don't know that much
you do as you did you start with index
funds
it's very difficult to mess that up i
mean that's pretty simple and
historically it's done about 10 every
year with the s p 500 and
just to clarify for you guys as well the
vanguard one that she's referring
to is the one that i've also shared with
you guys uh here on project life mastery
it's
the uh vanguard s p 500 etf and the
stok tiker for that is v-o-o-v-o-o
and one of the reasons why we love
vancard is they have just such low fees
and gives you just great exposure to the
s p 500 and many others so i've actually
got a video that goes
into the seven my seven favorite and i
think the best vanguard etfs
i'll link that for you guys um in the
description for you guys to check out
and nobody's ever lost money who
invested in vanguard
and held it for 10 years because if you
look at the 20-year chart it just keeps
going up
and so if you are a value investor and
you're gonna buy and hold
you know this is something that you can
you can hold on to for long term and
it's been proven the track record is
amazing
yeah and you know you only lose when you
sell right so even if there is a crash
or something like that that does occur
and your money does go down
you only lose when you sell that money
but if you hold on to it you've got a
long-term horizon
then you know you're gonna you know it's
gonna recover it's gonna bounce back and
it's gonna grow from there because
there's always volatility in the stok
market and that's i think one thing i
really had to understand when i was
getting into the world of
investing is that you know volatility is
the thing there's ups and there's lo
downs and if you're looking at every
single day you know that can really get
your heart rate up because you see one
day like oh my gosh i lost 50 000
and the next day you're like oh wow i
gained a hundred thousand dollars like
that's the stok market right it goes up
and it goes down
but over the long run when you look at
the charts you know usually
it's a steady incline yeah so what's um
like the long-term what's the strategy
you have it's a long-term strategy is
there a time where you
see yourself selling you just want to
continue to invest in stoks
and why did you choose stoks rather
than real estate or even investing it
you know back into your business okay
those are a few questions
well i would say you know so the money
that i'm investing you know this isn't
all my money i made sure that i have a
savings account and i have enough money
in that savings account
where if you know i couldn't make any
money starting today for the next two
years i would still have enough money to
support my lifestyle
so i wanted to make sure that i have
that money there in the event of a rainy
day
an emergency like that money stays there
that's not money that i'm going to go
off and invest with
because again investing involves risk
there is risk there and i have to be
comfortable with the fact that i could
lose that money
and so i understand that every dollar
that i invest is a dollar that i could
lose
and so um to answer your question like i
don't
ever really need to sell those
investments like i'm really thinking
long term as in
by the time i'm in my 80s and 90s like
that's when i might consider
starting to pull some money out because
the money that i'm investing is not
money that i need to support my
lifestyle
there might come a time when for example
if we want to buy a house if i want to
pull out some money
to you know put cash down for that or
any kind of large
purchases maybe i might take some money
out for that or maybe other investment
real estate properties
but for the most part the money that's
in my portfolio i want to keep it there
so that it continues to compound
and earn me more money um so
yeah and then your question about um so
why
just about choosing you know stoks
versus real estate or investing back in
your business well i decided to start
with stoks because
it's very it's a liquid investment it's
easy for me in the event that i do need
to sell something i can sell it that day
and get my money back right versus real
estate
you know you buy property there's a lot
involved with that
there's property there may be transfer
tax sales tax there's
you know just the physical structure of
it you might you have to sell it again
that you know who knows how long the
property will be on the market before it
actually sells
um you know you have management with
tenants if you're going to be doing
investment properties there's a lot more
involved with that
with a stok it's just you know with a
click of a button i could sell it and
make my money back
so that is the kind of the thinking i
had around striding with stoks
but i'm not opposed to real estate i
think there's tremendous value in
diversifying your investment portfolio
where you're not just investing stoks
but you're
investing in real estate properties for
example i'm also we're looking at
investing
into amazon businesses entrepreneurs
buying businesses
selling businesses those are all
different ways of making investments
and so in the future i do see you know
in the horizon that i will be investing
in real estate properties as well
that's just something a bit more
long-term
that i haven't dabbled with yet but
definitely will be in the future
yeah and i think there's so much value
in owning land
like i'm a huge believer in owning land
because
land is is scarce right like especially
in a very popular place where right now
in vancouver
british columbia in the city it the
housing prices have
skyrocketed here because there's so much
demand so many people wanting to move
here
but not enough properties available and
so
if you can get a piece of land long-term
even if you just buy it and hold it
long-term it's going to naturally
appreciate in value for the most part
you know in most
most examples i can think of for example
like i want to buy
a piece of land beachfront in hawaii
like that's our dream for one day
building our
vacation home there and that would be
amazing like i'm i'm totally cool with
buying that
now and just holding it knowing that
it's going to only become
more of an asset as the years go on and
we can later develop it got it so
the goal is to have a diversified
portfolio you know it's
stoks yes there's a place for real
estate there's a place for investing in
other businesses
land all of that and yeah you know
definitely agree with that it's great to
start somewhere to learn
you know how to get started with it
which is what you did with stoks
because each one is a learning curve but
you can eventually diversify and
if you are going to sell it it's just to
reallocate it to other investments but
ultimately you know you have time on
your side and i think also when you're
starting young as an investor you have
the more time you have for things to
compound the more it's going to benefit
you so that
that's why the youngest and earliest
that you start the more that you benefit
from it yeah compounding
is like understanding what compounding
is and the power of compounding if
there's anything you could take away
from this video it's that
and that's why getting started is the
most important part because every day
that you
don't start you know that's money that
could be compounding
that that that's how you know you know
if you're working a nine to five and
you're making a six figure salary yeah
you can make a good living from that
six or you know a five or six figure
salary you can make a good living from
that but
it's hard to become wealthy from that
but you can become wealthy one day
if you use the money that you earn
invest a portion of that into
investments and over the years they
compound
that can lead to accruing millions and
millions of dollars there are many
people who have
regular jobs who have six five or six
figure salaries that end up becoming
millionaires
because they've been doing that
long-term investing and they started
young
yeah so let's tok also tok about just
the decision of
reinvesting back in your business
because you did reinvest back to a
certain point
but now at this stage you're looking to
diversify that money do you want to
tok a little bit about that yeah so for
my business in the beginning i i
understood like this was this was a baby
this was a seed that i originally
planted that was sprouting
and i needed to nurture it and that is
how it will grow and thrive
and so initially i wanted to reinvest
all of my profits to help it grow as
fast as possible especially since i
didn't take out any loans or anything
like that i just
invested money in the beginning like 300
bucks into my first inventory and
constantly continuously reinvested
reinvested
i also didn't pay myself any kind of
salary or
any kind of income for like two years
because i wanted to reinvest
but eventually i got to the point where
um there was cash reserves there was
cash in the bank hooray
because for so long there was like you
know i was making the money but all the
money kept on getting reinvested back
into inventory because i would have to
place larger and larger orders for
inventory as the business was growing
but finally there was like cash in the
bank just sitting there and it was cash
that i didn't really
need to use because all my expenses for
the business were paid
the contractors were paid the inventory
you know everything was
accounted for and so i figured okay now
it's time to
pull this money out and pay myself and
you know i could use it for some
some other things so yes i reinvested it
back to the business but
i think that what's important is that
when you get to that point where you do
have
cash that's kind of unnecessary it's not
i don't think it's really the best
decision to reinvest everything back
into the business because again
when we use the example of having all
your eggs in one basket that's what
you're doing is that
your business is still you know it is a
risk and when you're investing all of
your money back into your business
well you better hope that things work
out but as an entrepreneur you know that
anything could happen and so i wanted to
pull some of that money out so that i
could diversify and not have all my eggs
in one basket yeah you know that's such
an important thing for entrepreneurs a
lot of entrepreneurs they're good at
making money
and they just put the money back into
their business but
at the end of the day it's not what you
make it's what you keep right and so for
all the effort all the work yes you're
building an asset your business which
you can sell and you can get a great
payday from that
but at the same time you want to be
intelligent with the money that you're
making and have
part of that to invest in other
investment vehicles and i think
the thing with the business as well you
know it's it's largely dependent on you
you know and that's what can allow you
to make so much money from it right
because that's why
you know in your business you can
generate way more money out of
a hundred thousand dollar investment you
put back than you will in a stok
but by investing in stoks you're
you're kind of protecting yourself that
if something happens to your business
which it's being responsible it's being
responsible but also like a business you
don't know how it can change in five or
ten years
20 years from now what the market's
going to be but you have some certainty
by investing in
s p 500 it's always going to be there
yeah and like and also like i trust
that uh for example google is going to
continue to grow
for the next 20 years i don't trust that
my business will like yeah i have faith
in myself but i have more faith in as a
world or a tesla
or a shop more established bigger
companies more developed than your
little business
and also understanding that like your
business will
constantly suck up money like it's a
it's a pit that if you want to throw
money at it there's a million places
that you can put that money
and so i had to like cut myself off and
say you know
yeah business i'm happy with where i'm
at i still have money that i can invest
to grow the business if that's what i
want
but i wanted to make sure that i put
that money towards something else
because i also wasn't sure
the long-term future of where i stand
with my business if i wanted to sell it
or not i wasn't sure if i wanted to
constantly
reinvest all this money investing into
it for a future that is uncertain to me
so what um you know in terms of the
investments that you've made what would
you say are some of the best
investments that you've made over the
last few years like the
individual yeah so individual companies
you mentioned the vanguard one
yeah i would say for sure the s p 500
was a great one
um just very steady and i make good
dividends from that
uh any the dividend paying stoks are my
favorite because that's
every month or every quarter the
companies that pay out dividends i get
paid this money
and this is this is income for me that
is truly passive
you know we tok a lot about passive
income with an online business and you
can
surely create a semi passive income
stream you know as passive as it gets
but the only true passive income that i
know of
is is investments is the dividend paying
stoks because
now every month i'm making thousands of
thousands of dollars
that i didn't work for that i didn't
spend my time or resources
to create i just put that money in there
and it's building for me
and so those have been probably like the
most awesome for me because it's cool to
be receiving this income but
by the way the money that i make from
those dividends i don't pull out i
actually
have it set up on a drip so that i
reinvest back into the stok so it
continues to grow for me
but aside from that i would say you know
that my highest returns in my portfolio
have been from
tesla shopify um
and yeah i would say those probably
those two have been my highest returns
and that's because i invested a lot
uh last year in march when we
experienced the crash and i just saw
that as like a huge opportunity to throw
a lot of money there
and i'm glad i did because yeah those
investments just skyrocketed
yeah and you know those those are
companies that don't pay dividends but
you know that's okay too because those
are growth companies you know tesla and
shopify
they want to grow as much as i can they
don't want to pay out their profits to
shareholders they want to reinvest that
and that's what allows them to grow so
much yeah for sure and that's why it's
good to like diversify some that are
like growth
uh and some that are yeah i know i'm
going to get paid out monthly for this
or quarterly
and then also i have some money in bonds
which is just like
the only the reason i have the money
there is because this is money that i
would just have sitting in my brokerage
account that i'm not ready to invest yet
like i'm just kind of holding on to it
waiting for the market to drop
uh and you know it's a it's gonna at
least i get paid dividends if i put that
money into a bond which i could then
sell at any point in time yeah because i
think a key thing too you know
when you have money to invest is you
shouldn't necessarily put all of your
money
into invest it all at once you might
want to pace it out over time and
especially when the markets
are at all time highs you know right now
it's a little bit harder
to put in larger sums because you don't
know if there's going to be a correction
you don't know if there's going to be
another crash
there's still some volatility with that
and some uncertainty with it so you want
to you want to spread it out so
do you mind sharing a little bit about
your kind of philosophy you have money
in bonds you i know you hold a lot of
cash
um are you just kind of slowly pacing
yourself or
what what's kind of the strategy of how
often you invest and when you invest
honestly i
i checked the markets uh i you know i
used to check them daily and i've
kind of slacked off just because the
markets are so high right now and
so i'm not checking them as regularly as
i used to but
um for right now i'm just holding on to
cash because
because we're at such a high i mean i
what do i know right like i really don't
know anything but i'm expecting that at
some point
you know a market the market's going to
drop because these companies i think
are a lot of them are overvalued and i
have cash now ready to invest
but at the same time i know that if i'm
just continuously waiting
then there's opportunities that i could
be investing in that i'm not so i'm
conscious of that
and um yes if there's an opportunity
that day if something goes down you know
it depends on what the news is or
whatever you know then i'm ready to put
in
some money for that yeah got it so what
are some other companies that you invest
in that you like
so i invested in amazon and i like that
because not only did i get to
benefit from building a business on
amazon but i also get to benefit and
take part in their growth
by investing in the company itself
also things like netflix and
yeah google alibaba you know those types
of companies
i don't invest too much into
things like looper i used to do uber and
lyft and things like that but right now
i've kind of put the brakes on that a
little bit
i invest into banks especially canadian
banks canadian banks are very strong
and a lot of banks do pay out dividends
and i invest into things like waste
management which is a staple
so if there is an economic collapse or
something happens you know that's always
going to be a necessity
and so i have some things that are in
place set in place in the event that
there is an economic collapse i know
that these
these kind of stoks these companies
will be stable
and what are your thoughts about
cryptokurrency and investing in bitcoin
so i started investing in them back in
2018
but it's blown up uh recently and so
i've invested more into the etf
for bitcoin uh and i also recently
invested into coinbase
yeah and by the way the bitcoin etf is
the purpose investments
uh etf that i've shared in one of my
videos on
four growth etfs so i'll link that for
you guys as well
and coinbase that recently had its ip
you know it's ipo or
it's gone public uh is also another one
that we're referring to here as well
so what's just your strategy when it
comes to investing in bitcoin
uh my strategy is just understanding
that this is this is something
that i could possibly lose but there is
a possibly huge return a massive return
that i could make with this
so i'm not investing a huge percentage
of my portfolio of course
it's a small percentage but this is
money again that i know i could lose but
i also could it could
it could make me a fortune yeah so
you're you're comfortable with the risk
of investing a certain amount of money
kind of weighing the risks
right do the risk out way do the
benefits outweigh the risks and in this
event
with the percentage that i've chosen to
allocate i decided that it does
yeah so if you lose it it's not really
going to affect you that much but if you
win
awesome you get a nice payday from that
yeah got it what
kind of just the last question would be
what kind of advice would you give to
someone watching this right now
that wants to get started investing
they've never invested before
they want to get in the game they want
to you know have their money start to
work for them what advice would you give
to someone like that
yeah i would say you really just got to
get started because if you're anything
like me i understand it can be
intimidating
especially because you know we work so
hard to make our money that we don't
just want to lose it
from making a foolish mistake a foolish
investment
but trust me like you know you really
you want to get started
yes to your due diligence read some
books stefan you can link to some
amazing books on investing in the
description box below
i'll recommend some books that i use
that i read that i think
helped me a lot but maybe starting just
with an index fund
right because this way you don't really
have to trust in your ability to pick
individual stoks
rather you can invest in the fund of the
top 500 companies
in north america and and that way you
know it's really hard to lose with
something like that
but get started because compounding is
is amazing this is
it's phenomenal yeah and you know just
whatever amount you have to start with
like you know you've got to challenge
yourself to maybe cut back a little bit
if you need to to pay yourself
a certain amount to prioritize this even
ahead of some of your bills or other
things that you might
be spending your money on currently so
decide on whatever that amount is that
you can pay yourself
put it aside for your investments and
just allocate that every single month
every single month just put that into
the market or build up
a savings account and maybe decide how
often that you want to invest it
but i agree the sooner that you start
everybody wishes they started sooner
and that's definitely true when it comes
to investing yeah and i would say like
there's
you know look at your where you're
spending your money and see where you
can cut back
because really this is for your future
this is for you and you want to set
yourself up for success
and maybe it's cutting back on that
starbucks drink that you drink every day
um or you know just buying fewer clothes
or not getting your nails done you know
i'm speaking from
the feminine perspective you know
whenever i go out to make a purchase
um more so with larger purchases you
know if i'm in the store i'm like
yeah i could spend five thousand dollars
on this purse or i could spend this five
thousand dollars and put it into an
investment
that could double or triple in a number
of years
and i would prefer to do that at this
stage i do like to splurge a little bit
and spoil myself
but like i save like a large portion of
my income because i want to be
responsible with my money
because the pleasure the short-term
pleasure that i can get
from that purse or that latte or you
know
whatever it is uh does not outweigh the
pleasures that i can have
from being free for the rest of my life
being able to retire young
not having to worry about finances
setting my kids up and my grandchildren
up for
their futures that those benefits
outweigh you know the short-term
pleasures that i can
have now i'm thinking about your future
yourself and how yeah in that position
10 years from now 20 years from now
you're going to be able to buy what
truly whatever you want because of
the savings and the investments you made
right now today and just also just the
fact that there's a lot of uncertainty
and you know we are here still you know
over a year into
you know the coveted pandemic and
there's still a lot of uncertainty
and one of the best ways that you can
protect yourself
is to protect yourself financially by
saving your money
for you know who knows what is to come
in the future yeah and i think you know
one
important thing too you know it's
important to
invest in your future and that can be
through stoks it could be through real
estate it could be through business
but what's really allowed both of us to
be in the position to have the money and
the cash flow to make these investments
and really get to where we are
which is a multi-million dollar
portfolio has been because of our
business
and so you know if you want faster
returns
start a business you know start selling
on amazon because
you know that's something that you know
for you allowed you to make
hundreds of thousands of dollars
millions of dollars now through your
business that you wouldn't you know if
you were instead having a job and just
you know making a five-figure salary and
then slowly you would not have been able
to build what you built when it comes to
investing so
and you understood you know you started
that 300 investment in your business you
put everything back into your business
and then once it was at a certain point
that's when you really started diversify
and allocating the stoks
and so i think that's an important point
everyone has their own journey you got
to find out what that is
if you do want to sell on amazon if you
do want to build a business that's a
great
investment to make that you can put your
time your learning your education you
can get some amazing returns from that
or if you don't want to go that path you
can
you know invest in stoks real estate
whatever else or you could do both it
depends on how much money you have
and what your plan and what your
strategy is but making
some sort of investment in your future
whether it is your business or stoks
i think that's the most important thing
that would share yeah and i would say
the best investment you can make the
first best investment you can make is in
yourself
so you because you have something called
human potential
and if you can extract that then you can
create something
incredible and so that's why i think the
second best investment is investing into
something that you can create which is
your business
and then from there you can you know
make other investments and even you know
us we're we're investing into
entrepreneurs we're investing into
amazon businesses because it's a massive
opportunity
and um you know so that's that's just
another way that we're diversifying our
investment portfolios
is by not only investing in stoks real
estate etc we also
want to buy businesses um because
there's so much potential there to buy
and then later sell once we grow them
yeah for sure and we'll do another video
even toking about that if you guys are
interested
just in buying and selling amazon
businesses but tatiana i want to say
thank you so much for sharing with my
audience i think it's very valuable for
them to hear your perspective and how
you've been able to get started
investing and apply
the strategies of what you discussed so
thank you for that
if you guys enjoyed tatiana here today
then give this video a thumbs up
but also check out tatiana her youtube
channel is tatiana james
i'll link that for you guys tatiana goes
a lot more in depth into
building a business on amazon e-commerce
as well as shopify
has so much experience there and also
goes into the mindset
and what it takes to become successful
so check out tatiana james on youtube
for more of her content
otherwise if you enjoyed this video
again give it a thumbs up subscribe here
on project life mastery for more videos
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leave a comment below as well if there's
a question that you have for myself or
tatiana
leave a comment and tatiana can do her
best to come back and respond to some of
those questions
you guys have thank you guys so much we
look forward to seeing you guys again in
the next video
take care