When you follow your friend's advice, it's probably the easiest way to lose money slash first started investing. My first investment is a stock recommended by my dear friend. So we start, I just want to say that to 96.4% of you are not yet subscribed and it is free. So you can always change your mind in the future. It's a company that compressed metal together, and he told me that Warren Buffett's disciple, Ashley invested in it. So it's a sure fire, like there's no way this can be a bad investment. And the stock price has been dropping 80, 90% and it is so cheap. It is unbelievable that it is so cheap. It is a great opportunity. And even if the company goes bankrupt, you will make money. And that's what he said to me. After I bought into the stock in two weeks, the manufacturing plant was on fire and the company went bankrupt and I lost all my money.

And that's an important lesson to learn when you are following your friend's advice, it is very easy. That's you trust him and you project that trust on the investment. He picked at that point, I've always been doing my research and that was one of the biggest mistakes when it comes to that investment, because I trust my friend and I trust Warren buffets and his disciple. I just skip ahead and not do any research. Why bother doing research? If he has done it already? I trust my friend, right? When you are listening to your friend's advice, here are a couple of main problems you need to be aware of and think through. So first, what is his investing strategy and whether that is the same as your investing strategy, if his goal is to hold for five years and your goal is to hold for one, then this is not going to work out.

Second is to company genuinely good. And you can only answer that question. If you do your own research on the company, not your friend's research, not an analyst report your own research. Third, what is his exit strategy? Now this is particularly important. And most of the time people overlook this problem because if you know how to enter, but you don't know how to exit, you can still lose money. And that's quite interesting, right? If you bought Berkshire Hathaway, great company, Warren buffet, Ashley set this himself. There are three times where Berkshire dropped 50% in value. And obviously he remembers very clearly. And he mentioned this during the shareholder 2020 meeting. If you're using margin, you'll get taken out. And if you have a bad exit strategy during those 50% drop, you will sell your Berkshire Hathaway shares and you will lose money, very straightforward. So that's why when you listened to your friend's recommendation, my recommendation is don't just do your own research.

And since that's investments, which is one of my very first one, I always do my own research when it comes to investing and I'll keep doing research and research and research and research until I'm extremely comfortable. When it comes to investing. I only invest in companies that are 95% confident or more. And I think you can follow the same rule as well, because it comes to investing your hard earned money. There is no shortcuts. Well, technically there are shortcuts, but there's no way to go around out of debt, doing your own research. My goal when it comes to investing is really to target 30% a year. I've been doing this successfully for the last five years, and I'll make a video about it fairly soon. And if you want to learn more about my investing approach, then you can grab the free four-hour training on my websites.

And this is perfect for you. If you are a full-time professional with no financial background, and you want to manage your own portfolio with confidence, and this is a long-term strategy. So it not meant for day traders or short-term traders. You will hold your investments for a year. So if you want to learn more about how it works, then you can click on the link below in the description and go to five minute investing.com/free case study. And in terms of my transformation from losing money to making 30% a year was quite an interesting one because I tested over 300 strategies using programming to find out what works and what doesn't work. And in the end, I arrived at one strategy five years ago, and it has worked out pretty well so far. And my return for the last five years is 783% in total. And after that, I also started teaching other people how to invest as well.

So here's where Greg made 58% from Altrix. That is fantastic. Within three days, you can think about the kind of results you can achieve. If you're able to master investing effectively. Now this month, I'm looking to help an additional 20 professionals without a financial background to master investing and target 30% a year. The stretch goal is 30 people. Now, in terms of this video, I'm doing a giveaway as well called who'll by randomness. And if you want this book for free, just tap like and say, you want it into comments. And after a month or two, I'll come back and pick a winner from this video. And in terms of one of the previous videos, I have selected a winner, which is Mary. She won the book Sam Walton made in America. So he's the owner of Walmart. And if you are an entrepreneur or if you're interested in learning more about business and how it works, then this is a great book to start with. So that's it. And I'll see you in the next video.