Brian Withers

15 things I wish I knew about investing 20 years ago:

We heard your feedback. Our default comps in the industry tab were bad and irrelevant. This is true. We re-did all of them for US/CA/ADRs and will roll out the new comps globally this week. They're MUCH better. I think you'll like it.

Loved sitting down with @ValueStockGeek to talk about my favorite investment subject - moats. Pat Dorsey literally wrote the book on economic moats and so we dive deep to explore his teachings and how we factor in moats in our own investment process. Give it a listen!

@calistoker123 @BrianFeroldi @Brian_Stoffel_ Yes! Can be done! Please DM me your email or reachout via brian@longtermmindset.co and we can get you sorted!

hey @BrianFeroldi / @Brian_Stoffel_ is it possible to make the longterm mindset email subscription have more granular options? I would like to unsubscribe from the marketing content and only receive content w/ signal. Ex: Unsub from "Stock Investing Mentor" email this morning

New Episode! In this episode, Jeff and Jason are joined by @StocksWithBrian of Long Term Mindset to talk about investing when retirement is just around the corner. #podcast #investing Available wherever you get podcasts.

@7Innovator Thanks for sharing @7Innovator !!!

This is a brilliant idea on how to get your kids to start investing at an early age. Well done, Brian! 👏

Life is an open-book test...

If you haven’t had a chance to check out Finchat— a fantastic stock/company research tool for the individual investor. Now’s a great time to check it out! finchat.io/brian/

Great investing insights from @TheMattCochrane -- check out the @businessbrewpod !

The magnificent 181!

This could be a game changer for $DIS.

Your help, please! Our course is called "Financial Statements Explained Simply" 👉It's too long 👉Doesn't focus on stock investing What's a better title? The winner gets to take the course for free.

Super excited about this!

@CCM_Ryan This is awesome @CCM_Ryan !!! We love @stratosphere_io and are super excited about @finchat_io ! Congratulations! I think this is an fantastic move for you.

Personal Update: Starting next week, I'll be joining the team at FinChat.io As a user of both Stratosphere.io and FinChat, I've been amazed at what they've been able to build in such a short time. Excited to now be a part of it.

@TheSmattering @StocksWithBran Thanks @TheSmattering — I was thinking that account was flaky…

If you’re following @StocksWithBran it’s a fake. You’re looking for @StocksWithBrian.

Love this.

@bmwravi We generally avoided selling.

My kids will be millionaires by the time they are 40. Here's how: In 2004, when I was 37 years old, I realized the power of investing was all about time in the market. It hit me like a ton of bricks that I had waited so long to get going. So, I decided to give my two boys a 30-year head start. That summer, I sat down with my two boys (ages 5 & 7) and an 11" x 17" piece of construction paper. I split it into 6 sections and placed pictures or items representing 6 companies. I gave them each a number of pennies and asked them to place more pennies on the businesses they liked the best. They picked: ▪️ Dell ▪️ Pixar ▪️ EA Sports ▪️ 4Kids Entertainment For each penny, I invested $100 in the stocks they chose in a UGMA account for each of them. And then I waited until next summer. In the summer of 2005, I reminded them about the "pennies" exercise. But this time, I asked them to pick companies they were familiar with. I got eye rolls and a little pushback. But it didn't take too long, and I could keep their attention for a few minutes. They suggested: ▪️ eBay ▪️ Target ▪️ Gamestop ▪️ Outback Steakhouse ▪️ Nintendo So we did the thing with the construction paper and pennies again. I invested $100 for every penny into each kid's account based on their decisions. Every summer after that, I repeated the process. As they got older, I got them more involved in the process. They would pick stocks from the summer edition of the Motley Fool Stock Advisor, where all the service's stocks were reviewed. We used a spreadsheet to "split up" the investment based on current stock prices. After a couple of years, I shared the account balances with them so that they wouldn't select stocks that were already more than 10% of the portfolio. I showed them how to place limit orders and buy the number of shares they wanted. The decisions were always theirs, regardless of how I felt about the stocks. I remember 2010 specifically. I was selling Netflix, but the kids wanted to buy shares. I let them. At one point, those shares they bought that year turned into 40-baggers. We rarely sold. I used their returns to show them the power of long-term buy and hold. When one of the stocks had a great day or was a double from when they originally purchased. I let them know. They picked some great companies that have done amazingly well. ▪️ Amazon ▪️ Netflix ▪️ Tesla ▪️ Chipotle ▪️ Google And some that have bombed: ▪️ 4Kids Entertainment went to zero ▪️ Nintendo and Gamestop shares were sold at a loss ▪️ Sony and Outback Steakhouse went nowhere Now my "kids" are 24 & 26. Unlike me, they have become extremely patient investors and rarely check their portfolios. We stopped funding their account once college came around and left the stocks to grow in the background. Their results have been amazing. The best part is that they really "get" the benefits of buying and holding stocks for the long term. This exercise has helped me be a better investor, and I've passed the bug on to my kids. Probably my best investment ever! Because they graduated high school with a sizable nest egg, they have a massive headstart over their peers. These investments and the LTBH habits they've built could make them millionaires before they are 40. That's a wrap! I would love it if you followed me @StocksWithBrian or RT to share this with your audience. If you like my posts, you'll love our newsletter. On Wednesdays, you'll get a short investing lesson, plus: ▪️ One simple graphic ▪️ One piece of timeless content ▪️ One Twitter thread ▪️ One useful resource ▪️ One quote Join 80,000+ others by signing up: brianwithers.com ⬇️TL;DR summary ⬇️ Keys to investing with your kids: ▪️ Don't wait until they are "old enough" ▪️ You don't have to invest a lot; the key is consistency ▪️ Let them make their own decisions ▪️ Mistakes are a great learning tool ▪️ Have fun with it! Love to hear about your experience or questions.

@OneGrittySeed It's a special account where parents are custodians on the account until the kid reaches the age of majority (18 or 21, depending on the state), then it's legally the now-adult kid's account. investopedia.com/terms/u/ugma.a…

@StocksWithBrian Is this with accounts under their names or your own with them as sub accounts?

@ABucks2 Hey Austin, The amount invested isn't as important as consistency. We did this once per year for 12 years. We did it in a lump sum so they could pick several stocks at once. You can't transfer stocks into an Roth, just cash.

@StocksWithBrian How many pennies did they have? Did you do it every year, once a year? How many years in total? Will they be able to transfer the account to a Roth IRA? Great idea, I’m doing something similar but started when my kids were born and do a small amount monthly.