Portfolio Management: 1 - What is it and why is it so important

When I laid out the progression of my blog and what I wanted to talk about I quickly realized that I had to cover a lot of core concepts before I could start talking about how my deposits and individual purchase will go. As much as I try to mentally put myself back several years when I was starting out I missed a pretty big thing...

The lingo, acronyms, and language that investors and traders use.

So I figured I'd pull back the camera so to speak to get a wide a discussion as possible to include everyone. Without it then some could quickly get lost in missing my message. Thats the entire opposite of what I am attempting. Thusly we have the next video.

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open. 

I need to really find out how exactly Youtube picks its spot as the picture for a video that isnt playing. I look like I am falling asleep. Ok ok I know financial discussion isnt the most exciting of concepts but come on!

Back to portfolio management. Where as this video covers portfolio management more as a concept, the next video will cover the exact rules of this model portfolio that I am sharing.

Introduction to the blog

The first entry to a blog is always a fresh moment. A new start. The laying of foundations.
Thats what I do in my first video...

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open. 

Quite the daunting task isn't it? I mean to dispel the common misconceptions about the financial markets? Teach the newcomer on what to do and what not to do to make sure they don't blow up their accounts and get a big GAME OVER message on their broker account statement.

I can remember first starting out several years ago trying to educate myself on investing and trading. It really is intimidating trying to navigate past people who throw more money around in a trade that I take home as a paycheck for 3 months. And just as I describe in the video... I was often blown off because I didn't have enough money to even talk and share ideas with.  I promised myself if I ever got to a point where I could pass on my knowledge and ideas to those starting out I would.

And here I am. Several years later.

Going forward I have plans for both the Youtube channel and this blog. A LOT of plans. 

In several blogs and sites I've seen series of playlists progressing along a common topic. I got a lot of utility out of those even if it was nothing else then unwinding after work with a beer or glass of wine. I will have several of those covering all sorts of topics. There is a whole lot of things that a person needs to think about and take into consideration. Far more then most will realize and for some... more then they will ever actually learn.

I'll be sharing my thoughts and ideas on investing and trading with a model portfolio. It will have real money and be a real account. I often found it hard to believe in the message of others that demonstrated with $100,000 fake accounts especially when I was still scraping money together.

A word of warning though... do NOT shadow me. Shadowing is when you do the exact same trades and investments as another person. Thats always a bad idea.

My goals for my money are my own and may not fit your portfolio and needs. When I do things may not be the right time for you to do them. My trades and investments fit my needs. 

Now thats not to say I wontl share ideas and help those I can with their own goals because I will.

Thats why I am doing all this.