Following the World’s Best Financial YouTubers for 5 Years... Why Your Own Will Can Be the Dealbreaker
In theory, I should have been a multi-millionaire by now, even starting from a modest $20k position. But that isn't the case yet. And it had nothing to do with the quality of the content I was watching—on the contrary. It had everything to do with my own beliefs.
I often thought I could do better. I thought timing the market was the way to go, and that a combination of technical and fundamental analysis would give me far better entry points than just sticking to the basics.
Take the Felix and Friends channel, for example. I learned two main technical lessons there, but reality doesn't always play by the rules.
Rule number one: A breakout is usually followed by a pullback, giving investors a second chance to buy. Well, the recent breakout in semiconductors after the so-called "war solution" didn't show us that at all. That train just kept on rolling.
Rule number two: A breakout higher than any previous value a stock has ever hit has no real technical upper limit. That one seems to be true more often than not. Yet, many of us—myself included—often make the mistake of selling our winners too early while buying more heavily into our losers, desperately trying to average them out.
The stock tips these YouTubers provide offer the best value out there. Bankers will never give you these tips, and they certainly won't explain them this well. That’s why we continue to follow the best channels and create our own weekly summary, adding our own perspective to a portfolio built across multiple YouTube experts.
By using these experts as our guides, we will win in the long term. If you hold the best five stocks long enough, the opportunity is still there. But don’t "FOMO" in at this point. Semiconductors have had a massive run based on earnings and news. Now, only headlines can push them higher, while hiking rates could easily trigger a pullback.
Maybe that first rule from Felix and Friends is correct after all, and a pullback is still coming. I certainly hope so, as I sold my AMD and semiconductor positions following a technical warning from Verified Investing.
We will keep following both the fundamental and technical experts. But what I’ve learned above all else is: take your time, trust the fundamentals, and look for the "picks and shovels" of the biggest trends.
Because I’ve experienced firsthand how difficult it is to process all this information objectively, I started FinTube Digest. We scan the experts so you can maintain your focus. We base our own portfolio on this research as well—and from now on, we are personally leaning much more into a "buy and hold" strategy.
You’ll find new insights weekly in your inbox and on our site. We offer free blogs and a free content page. Want to go deeper? We offer two levels of PDF subscriptions for those who want to get the absolute most out of the collective FinTube expertise. We’ll keep scanning the YouTube world every week and summarizing it for those who are short on time.
Have fun investing,
The FinTube Digest Team