Finance Newscast

@financenewscast8486

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I started this channel strictly to record my thoughts on stocks and finance. Nobody should treat this as financial advice. I am not qualified to give any advice. Below are my views: 1) Most important key to wealth in my opinion is to look for ways to pay less/no tax (LEGALLY).ALWAYS put money first into TAX ADVANTAGED ACCOUNTS like 401K/ROTH IRA etc. 401K w or w/o match and ROTH IRA are a BLESSING if you live in United States. We have no business investing money into personal accounts until we contribute/max-out to these TAX ADVANTAGED ACCOUNTS. We underestimate how much tax we pay to the government and effects of compounding. 2) If there is any money left after the above, it is always better to chase that 2X-3X gain stock in 5 years with low-medium risk than chase that 10X speculative/unproven stock. 3) I never touch a company with negative gross margin. It is not a BUSINESS. 4) I always look for companies high gross margins, great balance sheet & great value proposition.