Successful Investing: Timeless Advice

Can investing be simple? Can we stop worrying about what's happening on Wall Street, in Washington, with Fed policy, inflation, corporate earnings, and numerous other headline-making concerns? Can we just get on with our lives and still invest successfully?
According to this week's guest, the answer is yes, and we shouldn't even care what the market is doing.
What should we care about? How should we invest? That is the focus of this week's exclusive WEALTHTRACK interview.
Our guest is Charles Ellis, the author of the investment classic WINNING THE LOSER'S GAME, available now in its 2017 7th edition. Ellis is the author of 16 other books including the recently published 10th-anniversary edition of THE ELEMENTS OF INVESTING, co-written with his good friend, Princeton economics professor Burton Malkiel.
Ellis is a globally recognized financial thought leader, investment consultant, and advisor to governments, institutions, and endowments. He also cares deeply about helping investors succeed, as he puts it "winning the loser's game." He will help us do that this week.
00:00 Hello!
01:13 Introduction
02:24 Interview with Charles Ellis
23:10 One Investment
25:25 Action Point
WEALTHTRACK #1721 broadcast on November 20, 2020
More info: wealthtrack.com/timeless-stra...
WINNING THE LOSER'S GAME (2017 edition): amzn.to/379ODOP
THE ELEMENTS OF INVESTING: amzn.to/2UL96Dz

[@upupandaway5646]

Nice a good man thinking of his grand children. Your a hero

[@1000xGLOBAL]

Today it's not about return ON capital. Today it is about return OF capital.

[@jesusantonio105]

Investing is putting money to get more money back from the asset later. Speculating is looking at what the price is doing regardless of the business. Let's hustle to financial independence!

[@roseannemelissant2453]

I was at a seminar last weekend and the host of the event spoke of making over $950,000 in net profits from a $400,000 portfolio in less than 6 months despite all the rumors of a market crash. Any tips on how to make that much in these current markets would be appreciated.

[@jesusantonio105]

@@roseannemelissant2453 It’s very possible, i made over $340,000 in 4 months from a portfolio principal of $150,000 although i was guided by Lisa Jill Grenell, a broker i was assigned from Merrill Lynch, a licensed trader with brokercheck although she requires a bigger amount to capital to be able to invest with her, she does a really great job at investing nevertheless.

[@ciliniabalderas9945]

@@roseannemelissant2453 This is very true! these so called mentors and youtubers like people to think they are Geniuses, so they won’t tell you that they are seeking professional assistance. 😑

[@norasidorova9905]

@@jesusantonio105 Oh i think i have come across her on a fox news interview before, can i get more information about her and how can i reach her services?

[@jesusantonio105]

@@norasidorova9905 Just google her and you'd get all the info you need about her. Leave a message on her web or call

[@mikeg1226]

I am parentless and grandparent-less now. Can I adapt Charles Ellis as a grandfather ? seriously

[@ednan9]

Consuelo Mack has one of the best show

[@Josep61]

Having struggled with series reoccurring losses I think it’s a general necessity to get invested under a professional trader. If I’m correct, it’ll reduce the chances of risk

[@douglasschwab.]

Trading effectively entails a greater deal of skill and perseverance, the best and productive option I chose was to get acquainted with the investment management service provided by my fund manager Mr Ronald Furey. Courtesy of his aid I’ve been able to generate a passive income streamline from my consistent profit returns

[@Josep61]

@@douglasschwab. How do you do it, I mean what processes do you have to go through? how can one reach Mr. Ronald for inquiries?

[@douglasschwab.]

@@Josep61 Basically, I provide substantial capital and stand by for withdrawals while monitoring my trades to learn a few tricks as Mr Ronald handles all the consequent trading activities. This way it creates room for a more efficient and profitable trading process

[@douglasschwab.]

@@Josep61 He’s available for communication on what s app

[@douglasschwab.]

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[@chessdad182]

I like the statement of coming to understand who we are. I’ve studied hundreds of KZbin videos on investing by all sorts of people. But only recently have I come to achieve an approach that fits my objectives and is in alignment with my thinking. Now I watch most KZbinrs video and let it go in one ear and out the other. What they are recommending may work for themselves, but doesn’t work for me.

[@InvestingEducation]

True

[@TooAjit2Quit]

Wonderful interview. Timeless advice.

[@wheelerjohnson6702]

*2021 is here and more money need to be made. The year has been predicted as the year which it's main source of income is from Online Investment Markets. Who needs more hints on this?*

[@paul.l6310]

That's great, I need hints on the Online Investment Markets you talked about, what are they?

[@wheelerjohnson6702]

@@paul.l6310 *They Online Investment Markets are US Equities, Crypto currencies, Fixed Incomes and Global Markets, But currently Crypto currencies are the main source of financial backup.*

[@wheelerjohnson6702]

*In Crypto, investments are meant to be placed under the management of a skilled trader with good strategies to get profits, I do place all my trades with my skilled trader and I've compounded alot ROI*

[@wheelerjohnson6702]

@Angela Madison *yeah* *+1 (3 4 7)- 6 7 6 2 9 6 5.*

[@wheelerjohnson6702]

@Venessa Lukas *yes my trader is operational worldwide regardless of your location*

[@bernhardklinger4839]

Great interview, thank you!

[@skipkapur1]

Truly excellent. I've felt the same way about bonds for the longest time.

[@collinscharles692]

I've learnt a lot here. thank you for the information, You've extended my knowledge about this topic greatly.

[@marissabeth5332]

@Roger Souza I also work with his strategy which has proven effective and highly profitable across different platforms.

[@keishawendi5405]

I love the ease of communication Mr George's services offers with his swifts response to emails, not even a single glitch when time comes to withdraw profit payout. I appreciate the trust built and i respect him for his honesty and hard work

[@pilotblake6692]

Are you saying he's that good?. Because i want to be a part of this.

[@marissabeth5332]

@@pilotblake6692 I'm not bragging. Mail him : ([e-mail]~>> A trail will definitely prove.

[@jimspa7896]

So, ignore the sales pitch included in these other comments, read Ellis’ book The Elements Of Investing, and do what it says.

[@squidboy0769]

So, fundamentals...indexing beats actively managed over time. Know who you are (risk tolerance) and your objective. Sound advice here.

[@edgardivi]

What a delightful interview, Thank you for making this priceless content available everyone

[@user-mm3oo7ox8t]

Great Wisdom. I wish I knew all that when I was 17 yo

[@vipingupta3694]

what a genius he is !!!

[@chandlerdavidssmlth1355]

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[@eatmorecoleslaw]

Imagine if everyone only bought "the Index" today and forever forward. Everyone would own the same thing, and that would only change when "the guy" that updates the index made changes to it. He would do this based on market cap, or some other factor. If it was only market cap (most common index factor), everything would move at the same rate because everyone is buying and selling the index. Active trading is required for the efficient market theory to operate. I agree for many folks indexes are a simple and good solution. But it is only the active professional manager that keeps the index in check. Look at the problem with including Tesla in the SP 500 index BEFORE it even had a profit track record. Just because something is big doesn't mean you want to own a lot of it. The index forces you to own it whether you like it or not - at least a good active manager can avoid these anomalies. I believe there is a place and purpose for both.

[@WeiweiCheng]

Thank you for this insightful video. Great interview, as always.

[@wealthtrack713]

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[@wealthtrack713]

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[@calmeyer9662]

It’s not fees, it’s getting started investing. I will go with Buffets suggestion just buy a an Index fund. Stay away from the folks lining their pockets with your money. Nice old guy.

[@jackburton806]

“Kids, you tried your best, and you failed miserably. The lesson is, never try.” Homer Simpson. Who knew that Homer J. already had achieved the enlightenment that Mr. Ellis and Jack Bogle have been preaching. I always favored index funds and they have rewarded me with boring average returns with low costs.

[@justinbristol8315]

Sure to reward, if only at a slow pace. Better than betting on a whim, feeling, or news, only to be met with the hard reality of insider trading, pump and dump patterns, and endless WTF moments staring at your computer like.... WTF just happened? lol

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[@jessicataylor5296]

I enjoyed this video and knowledge.

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[@mrkakashi9888]

If you look at this year, indexing is definitely not a winner. However, I agree that avoiding mistakes is the key to successful investing - and that’s the main point here.

[@wealthtrack713]

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[@same.7939]

What an informative video. Thank you!

[@InvestingEducation]

Nice

[@TX2200000]

The New Testament on investing.

[@wealthtrack713]

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[@peterbradshaw8018]

Wow read this dudes book.

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[@williamds1]

Amazing

[@wealthtrack713]

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[@pkl8811]

BUY BARRICK GOLD. JUST DO IT. My multi millionaire and billionaire clients are buying Barrick constantly.

[@pkl8811]

@@SeekingAlfalfa I'm confident we see $45 by Dec 2021.

[@oppenheim2]

Interesting. For me, born during the Great Depression and retiring at age 48, I learned early in life that no one cares more about your money than you. So, I took responsibility for how I did or will do. Stocks are just part of wealth building, sure, an important one, but, just a part. Anyway, where am I now? Buy quality and have quality companies which care about, and share, profits, with shareholders, regularly and increasingly, not by promising you’ll make more money by letting the company keep the profits. ETF’s are just a relatively new form of derivatives.

[@wealthtrack713]

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[@StephenDoty84]

Wow, I forgot about this guy. Second subtitle idea: "Dinosaurs live!" ;)

[@jaymcconnell3840]

Wow. This was super-helpful to me. I love the idea of “figuring out what game you’re playing”, i.e., when will you spend the dollars?

[@emmanuelhenry3979]

Yes ! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain

[@jamesfranco8609]

Exactly I'm also happy to start investing too than to have my money sleeping in bank

[@dominicbarbaro5620]

Stocks are good but we have to make the right plans

[@kaylenobed2702]

Yes Stocks are good but they are alot of businesses more convenient than stocks

[@philipfranco3709]

That’s the fact well I only invested in stocks and will love to know a better investment too

[@lyrastromman191]

I held stocks for a long term but I swapped and invested in Bitcoin and forex and I have been earning much from it

[@simonclaes5413]

I am looking for a reliable company where i can learn how to invest and trade on forex

[@wealthtrack713]

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[@jimjackson4256]

If you have 3 million and are paying 2% per year for management then that equals 60k per year. if you do that for 10 years then you have pissed out 600k which is enough to get a house .Keep away from the croupiers and yappers on wall street.

[@StephenDoty84]

Is it too late to adopt a grandfather?

[@wealthtrack713]

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[@eddiem1155]

Great interview...there's zero diversity on this channel, I mean ZERO.

[@ryantinney]

There is a lot of diverse viewpoints on this show. They have value investors, growth investors, volatility traders, option and derivative traders. You get a full picture of the world of the capital markets.

[@ipsofacto2988]

Oh I see the Diversity Virus has infected your brain along with millions of other now brainless people. Sure there's equity of opportunity at this juncture but there hasn't proven to be an equity of outcome has there? (Affirmative Action destroyed America by lowering and lowering the educational standards which are being even today continually lowered and forevermore lowered until America either falls to complete ruin OR we smarten up and go with the MERITOCRACY that every other country in the world maintained. They haven't succumbed to the Diversity Virus. Let's face it there's only ONE group on the planet that leads the way through their intellectual superiority. It is a difficult fact to accept and most don't. But the evidence is out there as plain as day. Don't question why there are only old white men on this show. It's those very beings who have given you the entire world as we know it. Caucasians are only 6% of the global population but have over achieved exponentially because they account for nearly 100% of every single innovation and invention since the Industrial Revolution and I'm sure way before then as well. Furthermore they drag you folks up with them. They don't have to but they do out of the kindness of their hearts. Caucasians are not demanding their due (!) but they certainly deserve it and they should be honoured in our society. As well as globally. That is their heritage and future. Get over it and get on with it. A meritocracy would bring the diversity that is vetted to the table. You cant and shouldn't ask for anything more. And All the other beings on Earth should just be grateful. They should also stfu and sit down. Quietly. And think. Thinking would go a long way. Honesty should soon follow.