嗨 大家好 我是《股票投资一号法则》的作者菲尔•汤恩
Hi, you guys, I’m Phil Town from Rule One Investing.
And I wanna talk to you today about something that pretty important.
You know, we get a lot of questions around.
What should I do if I don’t basically have any money to invest?
What do I do if I only have 1000 bucks?
Is it worth it to begin investing
if all I have is 1000 dollars?
Should I wait until I have more money saved
or just jump in?
Okay, so I think the answer is that
that you’re missing a piece of information.
It’s not about jumping in or the 1000 bucks,
it’s not about saving more money,
so you have more money and jump in with later.
It’s about recognizing that
nobody in your life has ever taught you how to invest well.
There’s been nobody in your life
who’s ever made a lot of money probably.
我是说 我就是这样子的 在我的生活中
I mean, certainly that my case, I had no one in my life
who can tell me how you go about actually investing money.
And so, I’m gonna tell you guys something really important here.
I think that you need to know.
That you should think seriously about joining and extending family of people
who do know how to invest properly,
and who’ve been making billions of dollars for 85 years.
We call this family the Rule 1 Family or the Ruler Family.
Warren Buffett is the No.1 uncle in the family.
Uncle Warren has been trying to teach us proper investing now
for about 50 years.
And every single year,
Uncle Warren goes out and writes a letter to us,
all of the other rest of the people in the family.
About the best way to invest,
there’s 40 some years of these letters stacked up online.
You can start your education right there,
with just reading what Uncle Warren had to say.
Just go Google Warren Buffett and your letters,
and there’s a treasure trove of investing information there.
Now the other thing you can do
is read some of the books these other uncles wrote, right?
Uncle Mohnish Pabrai is…
Mohnish is one of the best investors in the world.
He’s managing a billion dollars
and he wrote a book called Dhandho Investor,
which is how you start with a very small amount of money properly,
and grow it by great long-term investing strategies
that the Patel Family made famous.
The Patel Family started in America with almost no money.
And today 40 years later,
they have 40% of the hotels in America that they own.
So it’s not about the money,
it’s about the knowledge.
Another one I can suggest to you is Uncle Guy Spier
wrote a great book called The Education of a Value Investor.
That is phenomenal, and you need to read that,
he’s…he’s written an entire book to teach you
how to properly invest, whether you are starting with 1,000 dollars or a million.
And I wrote a couple of books,
both of them are New York Times No.1 best sellers,
Rule No.1 and Payback Time.
And I also, I’m trying to show you
what I’ve learned over these 30 years.
In this tradition of this family,
that we called the ruler family.
So before we start thinking about cranking it up with 1000 bucks,
the first thing we gotta think about is,
how do I get the knowledge I need to do it right?
Where should I invest my money to maximise my return?
Are there any other places I should invest money besides stocks
if I’m starting with a lower amount?
Well, I think the key thing to understand is that
we make money on our investment capital.
If we’re buying wonderful businesses, and we buy them on sale.
And we make the money when we’re certain
that we have what we think we have.
Charlie Munger says that there’re basically 4 things you gotta focus on.
No.1: be sure you’re capable
of understanding the business you’re getting into.
No.2: be sure that
this business has this thing that we call it a moat,
that it has some intrinsic characteristics built into the business itself,
like railroad tracks are a part of a railroad.
Something deeply embedded in it that protects them from competition.
Also make sure that the management team are people who share your values
that they have integrity, that they’re talented.
And finally you gotta, you just,
you can’t pay an infinite amount of money for something.
You have to buy it on sale.
We call that a marginal-safety-purchase price.
So, you know, how do you invest your money
to maximize your return?
Obviously, you buy $10 bills for $5.
And you do it over and over and over again.
We buy companies sometimes we get them for, let’s say,
the company is originally 45 dollars and then something happens
that we call an event that we can understand.
We can buy that company in the market for 15 dollars,
and you know a year later,
it’s back to 30 or 40 or 50.
This is the best way.
I’m not saying these returns are normal, okay?
Let’s ge…Let’s get our feet on the ground,
a great rate of return would be 15% a year.
So you have to start thinking,
“Okay, I’m starting with a very little money,
我一年可以赚15% 如果我操作得非常好 我会赚25%
I’m making 15%. If I’m doing really good, I’m making 25%.
You know, if I’m just killing it,
I might be making 40%.
You think it about Warren Buffett
was making 50% a year for several years, you know.
And he says that he could easily do that today with a million dollars.
So, a lot harder to do it with 120 billion.
So it’s really not about the amount you’re starting with,
it’s about the strategy you’re using.
That’s going to continue to grow that pile over time.
And that’s what we wanna teach you guys.
Is the strategy for investing the same
with a smaller amount of money as it is for a larger one?
Ok, so, when we start with the really smaller amount of money,
I have to say that the strategy is actually pretty different.
I’m gonna…I’m gonna…I’m gonna come off the storyline here a little bit,
and just tell you that, it’s actually pretty different
when you’re starting with a small amount of money.
Em…I mentioned that, to our students that
you should read a book by Mohnish Pabrai.
It’s called the Dhandho Investor, D-H-A-N-D-O.
It’s…It’s a book about how the Patel Family built their hotel fortune.
They owned 40% of the hotels in America.
And with one family member in America in the early 1960s,
they started with like $10,000 and built that fortune.
The key was that they knew they were starting with a small amount of money
that if they lost it, they could replace it.
So here’s my answer, that in general,
our investing strategy is always the same.
Okay, it’s always the same.
But when we’re starting with a small amount of money,
we’re going to be more aggressive.
Because if we lose it,
we could always go back
and work for 2 or 3 years and earn it back. Right?
I mean, if you lose $5,000,
it’s a lot har…easier to replace it
than if you lose $5,000,000.
So we gonna start with a small amount of money.
We gonna do some a little bit more aggressive investing.
We gonna take a few chances that we might not have taken,
if we’re working with a large amount of money.
So yeah, it’s a little bit different.
Remember you guys, just like Buffett says,
“Risk comes from not knowing what you’re doing.” Ok?
So if you haven’t seen any of my other videos
about how to take control of your finances,
you know, get a grip on it.
And then starting investing
and understanding the difference between investing and gambling, or speculating,
then take a look.
So now you guys are loved to hear from me.
So answer this question down in the comments below.
Have you ever held yourself back from beginning to invest
because you’re afraid, because of fear?
I mean fear either losing money
or not having enough money to make any real profits?
So why bother?
Fire away, put some comments down below,
and…er…and I’ll be sure to follow up with you.
So you guys if enjoyed this video,
you…you kind of feel it was valuable
in teaching you more about investing,
then subscribe to my channel and share the video with your friends
or anybody else who might benefit from this information.
We’re out here to do a revolution. We need your help.
And by the way, to learn more about how to start investing,
just download my free quick start guide. It’s awesome.
Just by clicking the link on the screen or in the description.
感谢收看 各位 现在开始投资吧
So thanks for watching, you guys, now, go play.