Are you curious how Tatiana James built a multi-million dollar stock investment portfolio in only a few years?
I interviewed Tatiana on my YouTube channel about how she got started investing.
Investing is one of the most powerful ways to build long-term wealth. I believe that anyone can build a multi-million dollar portfolio, but there are no shortcuts to doing so.
Tatiana adopted a long-term investing strategy and mindset. As a result, she has been able to grow her stock investment portfolio faster.
If you're a beginner investor and you're ready to start building financial security, read about Tatiana's inspiring investing story!
Watch the video below:
(Click here to watch on YouTube)
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Should you start investing during the pandemic?
Tatiana and I get asked this question a lot. If you have an emergency fund and you have set long-term financial goals for your future, now is a great time to start investing your money. The sooner that you start investing, the sooner you can achieve financial freedom. It's that simple.
If you've been thinking for a while that you want to grow your savings but you don't know how to go about doing it, you'll want to listen to Tatiana. Here is a sneak peek of some of the questions that I asked her in our interview together. Let's dive in!
Can you share how you got started with investing?
I had money set aside from my business that was not doing anything for me. In short, I wanted to make my money work for me because I know that's how you accumulate massive wealth. You want to use the money that you earn to make more money.
Before I started investing it was important to me that I studied the habits of the wealthiest people in the world. The common denominator amongst all of them was that they were investors. I read as many investing books as I could and watched YouTube videos on investing. Doing so helped me learn the basic principles of investing.
The more I learned, the more I realized that there was so much more to learn!
This reality made me feel even more intimidated. However, I quickly snapped out of this thinking trap and reminded myself that time is money. When I got started I understood that investing would be a life-long journey of learning.
I opened up a brokerage account and sent a lump sum of money there. From that point, I had to decide how I was going to invest that money. As a younger person, I know that I can make riskier decisions with my investments because I have time on my side.
I decided to start investing in index funds. With index funds, I was able to invest in a whole fund of companies and diversify my money. One of the first investments that I made was in the Vanguard S&P 500 (VOO). I like this index fund because it is comprised of the top 500 companies in the U.S.
The money that I invest into this index fund is spread out amongst all 500 companies. This is a smart way of mitigating your risk. I also decided to invest in individual stocks, like Shopify and Tesla.
In terms of the investments that you've made over the last few years, what were some of the best ones?
The S&P 500 was a great investment to make. I make good dividends from that. However, the dividend-paying stocks are my favorite. This is truly passive income.
Every month I'm making thousands of dollars in passive income.
The money that I make from those dividends is set up on a drip so that I'm reinvesting back into those stocks. This ensures that my money continues to grow. In my investment portfolio, my highest returns have been from Tesla and Shopify. That's because I invested a lot of money into those stocks when we experienced the stock market crash back in March.
What is your investing strategy?
I used to check the markets daily but I've been slacking as of late because the markets are so high. For now, I am holding onto cash. I'm expecting that the market is going to drop at some point because a lot of companies are overvalued.
What are some companies that you invest in?
I invest in Amazon. Not only did I get to benefit from building a business on Amazon, but I also get to take part in their growth by investing in the company itself. Netflix, Google, and Alibaba have also been great investments.
I like to invest in banks, especially Canadian banks, as they pay out dividends, as well as waste management companies. If there is an economic collapse, I know that these kinds of companies will be stable, long-term.
What are your thoughts about cryptocurrency and investing in Bitcoin?
I started investing in cryptocurrencies back in 2018. Recently there has been a surge in the price of Bitcoin. This is why I've been investing more money into growth ETFs, like the Purpose Bitcoin ETF (BTCC-U.TO). Also, I recently started investing in Coinbase.
I don't invest a huge percentage of my portfolio in Bitcoin.
This is money that I am okay with losing. However, I also know that investing in Bitcoin could make me a fortune. Either way. I'm comfortable with the risk.
This is how Tatiana James built a multi-million dollar stock investment portfolio!
If you want to learn more about Tatiana and her work, I encourage you to subscribe to her YouTube channel and follow her on Instagram.
Everyone that we know who is now an avid investor says that they wish they started investing sooner.
Regardless of how much money you have to invest, the key to making money with investing is to adopt a long-term strategy. In the words of the billionaire investor Warren Buffett, “If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes.”
What will your first investment be?
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