Brian Feroldi is a financial educator, author, speaker, and YouTuber. He has an MBA in finance and has been investing since 2004.
Brian is the author of the best-selling book, “Why Does the Stock Market Go Up?“
Brian’s career mission statement is “to spread financial wellness.” He loves to help other people do better with their money, especially their investments. He has written more than 3,000 articles on stocks, investing, and personal finance for The Motley Fool.
Sudhan P (SP): At what age did you get started in investing?
Brian Feroldi (BF): I started investing at the age of 22 and I’ve never looked back since. Now, I am 40.
SP: How did you get interested in investing, and who inspired you to get started?
BF: I first got interested in the world of finance after reading “Rich Dad, Poor Dad” by Robert Kiyosaki back in 2004. That kicked started my fascination with money and investing.
SP: What was your life like before investing and how is it now?
BF: Investing has literally changed my financial life. My investments have allowed me to pay off all of my debts. It has also become my career.
I simply love investing.
SP: How do you choose the stocks to invest in? What are some of your strategies?
BF: I keep a giant list of potential stocks. From there, I take them through my investing framework. I then buy the ones that score the highest on my checklist at the best valuations.
I plan to rinse and repeat for decades.
Some of the stocks I own are Adobe (ADBE), Fiverr (FVRR), and Zoom (ZM). The full list of stocks I have in my portfolio can be found in my The Motley Fool profile.
SP: What are some of the investing mistakes you have made and what are the lessons learnt?
BF: I have made many mistakes in the past and I’ve compiled them in a Twitter thread. Do check it out!
SP: What led you to start your own social channels (Twitter, YouTube, etc)?
BF: Twitter was started as a way to share my investing philosophy with the world. YouTube was started because I wanted an excuse to talk to my business partner, Brian Stoffel, each week. There was no grand plan at the start. It just happened and I’ve been consistent with both.
SP: What advice would you give to beginners who want to start investing?
BF: Stock prices and business profits are not at all linked in the short-term, but they are 100% linked in the long-term. Watch the business, not the stock.
And “do nothing” is almost always the right move.
I’ve compiled those tips and more in a Twitter thread that beginners should read.
SP: What do you think is the biggest misconception people have about money?
BF: That it’s either all that matters or that it doesn’t matter at all.
Money hugely impacts our lives, so you should take the time to learn about it.
But, it’s far from the only thing that matters. It’s important to develop a healthy appreciation for money, but maximizing a number on a spreadsheet shouldn’t be your #1 priority in life.
SP: If you could summarise your whole life in one word, what would it be?
SP: A parting shot for the readers…
BF: When it comes to investing, we should bear in mind to think for the long term.