How To Grow A $1 Million Portfolio

Joseph Carlson (Founder) 00:00.057

so as we go into twenty twenty six avoid the temptations to grow faster by taking on risk this is something that's so tragic and will be highlighting an an example of this in the fail of the week but in so many cases people want to grow their portfolio faster they take on all

Joseph Carlson (Founder) 00:14.937

this risk and they have devastating results investing

Joseph Carlson (Founder) 00:18.297

should be a part of your life you should be doing it repeatedly every single week you should always be looking for opportunities to put as much money as you possibly can into investments as you make new money new money should go to stocks that is the clear route to building your

Joseph Carlson (Founder) 00:34.137

portfolio so

Joseph Carlson (Founder) 00:35.697

a lot of people will point out whenever i make a video or content centered around helping other people get to a million dollar portfolio many people will promptly point out well that's easy for positive to say joseph has a successful youtube channel joseph has qualtrim joseph

Joseph Carlson (Founder) 00:50.777

makes a lot of money from his youtube and his qualtrim application

Joseph Carlson (Founder) 00:54.137

and that's true and that follows the same basic principle that i urge to everyone that when you're building up a portfolio in the short term you have to focus on income that is how you get the ball rolling look for opportunities to build up your immediate capital as fast as

Joseph Carlson (Founder) 01:10.657

possible

Joseph Carlson (Founder) 01:11.337

youtube and qualtrum certainly speed up the growth of my portfolios i think that that was a big factor in me being able to afford to put in as much money as i have but i've always been investing in stocks and putting as much money as possible even when i worked into a

Joseph Carlson (Founder) 01:23.737

development

Joseph Carlson (Founder) 01:24.617

i had already saved up hundreds of thousands of dollars that i put into a home after that i started saving again and that's when i started a youtube channel this is achievable by anyone it's something that everybody can do you don't have to have a massive youtube channel to have

Joseph Carlson (Founder) 01:39.217

a million dollar portfolio

Joseph Carlson (Founder) 01:40.657

and that's evidenced by the fact that i have literally dozens and dozens of people in my community that have bigger portfolios than me doing all different things all different walks of life all different industries that they work in but all of them have these common

Joseph Carlson (Founder) 01:54.377

characteristics they do have healthy active income streams to initially build their portfolio

Joseph Carlson (Founder) 01:59.977

now if we move on to what i believe is the second most important part of this it comes down to stock selection and this is where i make content the most frequently on i give my stock picks of what i think are the best ones in the market frequently

Joseph Carlson (Founder) 02:12.577

and i've done so for a long period of time for example years ago i thought one of the best stocks in the market was apple and that one went really well i made around thirty five thousand dollars on the stock which was a lot of money based on the size of my portfolio at the time

Joseph Carlson (Founder) 02:26.937

in

Joseph Carlson (Founder) 02:27.177

twenty twenty one and twenty twenty two i became very bullish on netflix that was one that i bought a lot of it had a big recovery netflix gained seventy million subscribers over that time period the stock rocketed back up from two hundred dollars per share to a thousand dollars

Joseph Carlson (Founder) 02:41.337

per share and it's been a big winner

Joseph Carlson (Founder) 02:43.177

then in twenty twenty five this year i made the primary focus of my channel on google i bought google both in the passive income portfolio and i own it in the story fund in the passive income portfolio it's been a massive winner nearly doubling i also have google in the story

Joseph Carlson (Founder) 02:56.417

fund and this is again one that i own so much of because i was very bullish on google this year

Joseph Carlson (Founder) 03:01.377

i am a stock picker i love picking stocks i love investing in companies and looking at them and doing analysis on them but when we look at the most important things of picking stocks i tried to boil down where i believe most investors are making mistakes and the things that hold

Joseph Carlson (Founder) 03:15.777

them back from reaching a million dollar portfolio

Joseph Carlson (Founder) 03:19.017

stock picking first of all should not feel like sports betting or gambling most investors that treat the stock market like sports betting or gambling they do so by constantly focusing on short-term outlooks and near term catalysts they

Joseph Carlson (Founder) 03:34.257

try to predict what will move a stock over the next six months and in fact the best returns usually come from the opposite approach owning businesses with durable fundamentals long growth flywheels deeply embedded products and real pricing power that compounds over long periods

Joseph Carlson (Founder) 03:51.497

of time

Joseph Carlson (Founder) 03:52.937

i think that this is one of the biggest things that good investors do people like warren buffett people like peter lynch you even have devcantosaria you have charlie munger you have benjamin graham you have phil fisher investors

Joseph Carlson (Founder) 04:06.017

both old and new made the huge majority of their gains all their excess returns came not from predicting out two to three months but by holding on to quality compounders for multi year periods in

Joseph Carlson (Founder) 04:18.377

terms of stock picking i define quality as the combination of growth and predictability meaning that a highly predictable fast-growing company is one that is very high quality a company that has low predictability or low growth is not high quality

Joseph Carlson (Founder) 04:32.617

we should avoid long shot bets they're gambling they're not investing you'll almost always lose your money if you go into long shot bets this is something that i've always been on the side of avoiding and there's many great investors that have as well peter lynch says that long

Joseph Carlson (Founder) 04:46.617

shot bets almost never workout they are a waste of time they're waste of mental space and they're waste of capital now

Joseph Carlson (Founder) 04:53.137

finally we get to number three this is the final part of what i believe helps investors get to a million dollar portfolio the fastest which is your portfolio management this really helps determine your results we