Tesla was the first thing that Jeremy talked about where I laid my interest on. The first impression I had when he was doing his introduction for 2 minutes was tapestry and when he started talking about his education it gave me conviction.
I ended buying 1k shares into stock. and the reason is I was only into real estate at that time but Jeremy opened my eyes to other possibilities. He opened my understanding of new stocks and growth.
Wendy, so how about you like, I don’t know. Tell me a little bit about your investing your investing journey, like how did you even start investing? First of all, like what got you investing in New York, guy?
Obviously, you’re close to the capital. The you know, the whole stock market stuff is all there. So you can definitely tell us your story. So I first of all, I never glue up with any kind of an investing or anything in that field.
Finances wasn’t the topic of my family. I was always ambitious to try to get into business. I started working a couple of years ago for in real estate, for a got for a real estate investor. And it started off more as someone hustling and work and just mentorship wise and involved into more of a job.
And as I saw my at the same time, I was running another business and I my I reached that kind of a cap where I knew I can’t go. I learned whatever I can learn. And so I kind of cut off ties. And that happened to be actually last January at that time, which was perfect timing when that happened as my other business I was working with started picking up.
But I it’s funny that that time I was talking to somebody who mentioned Tesla to me, this was in January when he was telling us that the time was like 500 bucks, pressplay. And he told me about it. I, I, I said, oh, cool.
Whatever I looked at the time, I looked at it, and I was like, Oh no, I don’t know anything about stocks. And a couple of weeks later, a couple of days later of January, February time, and I look at it and I’m like, wait, that’s 600 bucks now. It was like three, 400.
It was like right before the drop in March. And so I say, let’s go for us, go for one share. It is what it is. I lose the money. I lose. I don’t care. I bought one share and then March happened. But during that time frame, February I had because I took I cut off ties I wasn’t as busy because I wasn’t working for the real estate anymore.
I started getting my mind, my interest out of game park. And I started, you know, researching, doing things. My first company I fully researched was a company called star capital that I because I knew real estate, that was my first company that I got to know. That was my biggest investment I made as of now.
And what happened was in march, the stock went down to 300. And I was like, I to I going to properly do the research. I don’t think they’ll ever really, really, really know how long it’s going to take for these guys to really make it back. It’s a little overhyped.
So I waited for it to get back to six, seven, because I didn’t want to I didn’t want to sell at a loss. And I ended up selling. And then and then I started going up after that and I was like, one second.
I got to take a second look at this and think that’s at the time when I started learning, I started I came across Jeremy and I was I watch a lot what he had to say. I read the I read the more the reports.
I think a better, more proper look at it then that I ended up buying and after that again. But a much higher price. But that’s kind of where I started. And then from there I think we bought that as that went on.
But I feel like that it was like it just played itself down the right time. January, February, right before that market crash that went that when it happened, I was just I was in the right position to took me.
Still, I probably I didn’t start doing anything crazy until April time or so, maybe may the earliest. And then and then I have to do some research on a bunch of the companies I ended up putting on started investing.
The first person actually I came across before I mentioned, before I saw Jeremy was a guy by the name of Phil town podcast called The best podcast. And at the beginning, I probably I like binge listening to, like, his first 40 episodes where he’s teaching his daughter how to invest.
And that was my first really understanding how to read annual reports, how to read, you know, listen to conference calls or to look out for, you know, how to compare. And so on and so forth. And that kind of help me to come to what I’m doing.
That’s first of all, from my experience, real estate people are usually the most skeptical when it comes to the stock market. You know, when you’re looking at it from that point, I don’t know. Is that right?
So it’s funny because I before I went into doing this and I was doing real estate, real estate, something solid, it’s rock. My opinion has changed a little bit because the second, because I think the perception is that most people look at the stock market just as a stock, and I even talk to the person I used to work for and he was never able to do.
Is that because the ups and Downs of it. But the second you know, the way I look at it is a second you realize is that it’s not indifferent. It’s you’re investing in a company. That’s how I looked at the first company I invested, which was a real estate company.
That why is this any different than buying property? And the difference is real is that I have to sit there, negotiate, try to get a good deal here. Deals happen if as long as you know what it’s worth, it happens any other day.
It’s if there’s always a deal. And the question is just which, which which industry in which category one would think. So I feel I’m now in a way, especially for someone of my size, that I don’t have a sitting New York City.
I don’t have that type of money where I can easily invest. That will make a difference. So fast. That stock market is a if you and if you look at it, you buying into a company and then it’s more safer in a way. That’s it. Yeah, I know. I agree with that.
And the reason being is the only reason I think it’s seen as a different type or more scary, a riskier investment is just because, like you said, I feel like you and I can go buy shares and sell shares within a couple of minutes.
And I feel like and just the fact that the prices are on there at a certain every single day, I think that kind of gives that perception of it’s a gamble or it’s a volatile thing. But if you were to kind of value a home every single second, I’m sure you’d have some differences between people buying and selling.
But the problem is, like you said, no, when you’re buying a property, you’re sitting down negotiating for hours, weeks and months, sometimes even years, to buy a property at a certain price. And all it is, is that it’s just that stock market is a little bit more micro if you decide to look at it in more micro, whereas the real estate is kind of more like long term.
You kind of you’re stuck when you buy a property, you’re making a decision for the future. And that’s what you’re doing. And if you look at stocks the same way, businesses, I mean, that shouldn’t be any different, because if you buy a franchise of McDonalds, you’re not going to be able to sell it the next day.
Right and yeah, and that’s the thing about it. So I feel like that’s probably the only reason. But, you know, you mentioned something very cool is that you’re in New York and New York. Home prices and property prices are probably one of the most inflated cities in North America or just in the West in general.
So even if you want it to be in the stock market, I feel like you could probably use it. If you want it to be in real estate, you can use the stock market maybe to propel you to that point where you have enough capital.
Right and it’s like it’s just that you have to look at it the proper way. I wanted to actually ask you, but in terms of watching Jeremy’s content, obviously you kind of learned about how to read annual reports prior to that. What was the biggest takeaway that you kind of got from the channel in terms of your learning about the type of investing it gave it?
So the first one that gave Tesla’s the first stock that he opened my eyes to, I’m looking at a different light. Now when I was first lady on this thing, what does it mean to I was I was my valuation was basically based off, you know, price to earnings.
If it was current price or I wasn’t forward looking. And that was and that’s when he and I was. And I remember looking at us at the time and saying, oh, my god, this is way overvalued. I’m talking about the time was much lower than now.
And he opened that the idea of growth, an idea of can you see where it’s going to and so on and so forth. And that was the first one. But after that, it was more conviction than the next stock that really helped me with that conviction was I was looking into it comes into tapestry before he mentioned it, and I started buying heavy into it and went and randomly.
One day he started mentioned he started a video about it. But already within the first two minutes, he goes into his introduction without actually saying what he’s talking about. I was that tapestry.
And when he started talking about it, I was like, OK, that gave me a conviction of how much I because that was a little nervous. I think I was I had about, I would say three, 400 shares into it. And after that, I was OK.
Now I really gave me a lot of conviction and I ended up putting in about and they’re buying it about 1,000 shares into the stock. And now I’ve since then, I’ve trimmed it down a little bit. And now that it’s picked up so much.
But that was like the real and it gives me it gave me that conviction was that one. And then that was in the beginning after time, it’s also opens up my eyes to different companies, I would even think about when he the next one was nordström as well, is that as a company I shop in every single day, but I would never think about, OK, let me look at where it’s trading at.
Let me look at where that’s at. And then after he when he was he brought it up and I read the reports myself a brought up. It opens it opens your eyes to something that you’ve never I’m not thinking about looking at every single industry and every little company on the market.
So a lot of times when he brings up things that I haven’t thought about would be like, OK, let me take a look at this. And that’s a second part. I would say at this point as time went on, that has been very helpful.
And even at this point where I’m not I’m not buying as heavy, so I’m not really looking to find another stock at this point. It what the help is also is the ongoing conviction ongoing going, even though I do, I do have a pretty steady hand, I believe, where I haven’t in any of the dips in the past couple of months.
I’ve never I haven’t really sold because of him. But I it helps that that confidence of, OK, it’s just it’s just going to pass and come back and will eventually pick back up, whether it’s a month, a week or a year or however long it takes.
So that’s the three things I look at and say that that has been very helpful is the conviction, the opening my eyes to new stocks that I’ve never seen, the things that I deal with every day, but I don’t really think about it.
And then the last one would be that ongoing, you know, because confidence is going to hold your hand steady. Yeah, Yeah. I mean I mean, I agree. Like, it’s definitely like you can be very good at something.
But whenever you have other people just do something, as both tells the stock market, as something that can sway your attention and take it off and you get you scared over here and there when you have that other.
Person saying it’s something good and you know that they know what they’re talking about. It just gives you that extra. I know I did the work. I know I didn’t just do the work for nothing. And I am I have a good conclusion.
I somewhat of a good conclusion. I mean, you could still be all wrong, but just gives you that extra conviction, like you said. And what’s kind of like what’s your next goal in the market. Like what are you looking for in terms of my goals is to hit a million when that is I having to put an actual timeline on that I’ve got right now.
I started off with sort of one stock, the bucks, but I started off with my own cash roughly about 100k. I’m at about 225. Now 30, I know that’s not something that can happen every single day, but my original goal for that, at least I was looking at like this year or the next year based on the different stocks that I’m in where I think it will go.
So my initial goal is going to be half a million dollars, but my, my, my, my a long term, but like five year, six year goal, I want to get to that. A million dollars, obviously, I’m going to keep putting in when I can. But that’s my goal.
And do you feel like you kind of are you getting the knowledge gradually, like obviously, you know, obviously first and foremost, like you said, the 100 to 225 is not going to happen every year. It’s great that you’re cognizant of that because a lot of people think that that’s how it is.
And that’s what’s driving them to the market, which it’s kind of scary for them and for you. Unfortunately, you said that. But in terms of when you’re looking at it from me, from a standpoint of continuously improving, continuously being better, are you you feel like you’re continuously able to kind of learn just because I know that there’s a lot to learn always.
I just feel like there’s never an ending point. I feel like I’m always learning, especially following Germany, following the different people that I originally taught me. I would say the hardest part I realized when it comes to anything learning different, I had the same.
All saying is that that first initial period is just 0 to 50 is very it’s a big push. Right it’s easy to it’s easy to see the growth. It’s easy to see that a year and a half ago, I knew nothing. And now I can read reports. I can read things.
It’s a big difference. But now it’s the gradual growth. It’s that little bit where I don’t realize I’m actually learning. But I can say I can definitely say that demeans me now. And a month ago I’m thinking differently.
I’m thinking little better or you know, I’m always learning new things, you know, and so on and so forth. So I’m absolutely learning more and more. But it’s not it it’s not in the same increments. And Yeah.
No, I feel what you said. I think you said it very clearly for anybody that could be like contemplating that. Is that literally the I think the biggest point is. Like you said at the beginning, you’re going to learn so much away and you’re going to feel the learning curve, right.
But afterwards, when that’s when the consistency, consistency has to come into place, the discipline, the dedication has to come in where, you know, you’re not going to see that 100% gain and you’re learning if we were kind of referring to the market as well, you’re going to see more of like a 10% gain, but gradual 10% on a continuous basis.
And that’s what adds on a regular basis. It keeps coming and keeps on getting better. And when you’re looking at it towards the end of the year, you’re looking at, OK, I’m going to look at it. You’re looking at it from a bigger picture standpoint, you’ve learned a lot.
But if you’re going to micromanage it, it’s going to be difficult because there’s too much information coming at you from so many angles. It’s hard to gauge what you’re learning and how you’re improving.
And it’s hard to quantify right away. But I mean, the goals are there, obviously, like you have the goals as long as you have the goals, which, you know, which you have and you have the starting point and you’re willing to learn and you’re interested, that’s the one thing to a lot of people get into the stock market and you feel kind of forced to do it in a sense where, you know.
They have to do this because they need to do it or, you know, like nothing is wrong with mutual funds. Right it’s absolutely nothing wrong with them. It’s just that if you want to take it to the next level and you’re interested in it, picking stocks individually is just more rewarding.
But putting the pressure on yourself to do it is something that maybe also people need to take precaution of. I feel like it can hurt you. And if you don’t, because I think it’s a demanding. It’s a demanding type of hobby.
If you call it a hobby to the men, you have to be you look at as you have to be, you can’t you have to be involved on a day to day, but you can’t let yourself be influenced on a day to day. That’s the big.
That’s the big. That’s the hardest. You know, balance you got to keep and if you don’t enjoy it, I was talking to someone else the other day, a week ago or so, and he said and he was he was making that point where if I don’t I don’t really have much of a enjoyment.
That’s why I’m not going to do it or want to be. Absolutely I like I enjoy. I then end of the day, I’ll go home and buy dinner with my wife, my family. We’ll talk about it. I’ll discuss the trades.
I mean, I’ll run by my, my the different companies. If I can explain it well to my wife and she accepts it, then I know I’ve, I’ve understood it properly. Know I mean, that’s a perfect way of saying it actually.
Yeah it’s true though if you’re looking at it that way, if you can explain it to somebody else in depth, that’s what you understood the business model. And I think like Jeremy kind of mentioned that in his becoming best to the stock market cause he mentioned that a couple of times.
And I probably shouldn’t be giving away too much. But like he does mention that you should have goals, you should have aspirations in the stock market to be attached to them in a sense that will make you emotionally attached to the everyday fulfilling the goals.
That you should be attached to, however, is the everyday grind and work that you are willing to put in into the like reading the financial understanding, different business models, even when you’re not buying certain stocks, reading about them.
So then if one day to become, you know, they become undervalued or hey, you catch, you know, the business, you don’t have to spend three weeks by learning about it before buying it and then the price shoots back up or something of that sort.
So that’s where I feel like he talks about a lot, is literally decrying the work. And you can tell the guy likes it. And that’s why I say if you like something like that, you’ll find enjoyment in the grind.
And like you said, if you talk about it at the dinner table, that’s when, you know, you have some sort of attachment to it. In in terms of zionism’s of pleasure, I wanted to kind of give you the floor if you have any last words.
I give everything that I wanted to kind of cover was that I had something else that I was thinking of a second ago, but it kind of just slipped my mind. But I know it’s been a fun journey. And I say, oh, this.
What I’m going to say is that the beginning is my first earnings call that until the exciting micronization call and then the next quarter, that’s when it starts getting rough. It’s like I go back to the same idea that initial education growth is very quick and it’s learning how to keep yourself steady with that.
And and I think if you continue to push yourself to learn new things, you can continue that excitement will stay. But otherwise, it’s very it could get sometimes so boring when you’re repeating the same or same consistent rhythm.
And I think that’s where a lot of people mess up is where they jump in because it’s exciting. And then when they realize that it’s just the same, it’s not a sexy looking because it’s just plays out. Let it play out.
You know, people get married. That’s when the emotions kick in, when they make a move with me. I think that’s probably the best way to explain why people get fall into the emotional trap or get bored and leave.
It’s just you have to understand, it’s cool seeing the price movements and stuff and all. Yeah, you made some quick gains, but over time, that’s it’s not how we’re supposed to be like this. The other stuff that you’re supposed to enjoy.
And if you can enjoy the dirty nitty gritty stuff, that’s when you you’re willing to do this for the long term. But, you know, thank you for honestly sharing your journey. I was really cool to be here, but it has been my pleasure. Thank you