💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ 📱Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet: https://foundationdevices.com/?mtm_campaign=theinvestorspodcast Clay is joined by Daniel Pronk and Jake Ruth to share the fundamentals of stock investing. They dive into everything they wish they knew as a beginner, the books they would read, and the biggest mistakes they would have tried to avoid. Daniel Pronk and Jake Ruth are the founders of Stock Unlock, which is helping transform everyday people into successful investors. Daniel is also popular on YouTube, as he has over 200k subscribers on his channel. Daniel and Jake are the perfect guests for the show to help make stock investing much more approachable and easy to understand. ▶️ RELATED EPISODES: - Valuation Masterclass w/ Aswath Damodaran: https://youtu.be/KaD0qFJhceo - An Investor's Guide to Clear Thinking w/ Chris Mayer: https://youtu.be/4tBSuif3x2M IN THIS EPISODE, YOU’LL LEARN: 0:00:00 - Intro 0:00:39 - How Daniel and Jake first got into stock investing 0:06:47 - The key lessons they would teach their younger selves. 0:07:51 - Why compounding is so critical to understand as investors. 0:12:03 - Why the best investors aren’t those with the highest IQ but those with the best temperament. 0:17:36 - Why growth isn’t always good for a business. 0:20:45 - Why most investors should stick to only investing in profitable companies. 0:26:46 - The most common mistakes newer investors make. 0:34:48 - Why we should be wary of companies with high dividend yields. 0:38:34 - How the listeners should know when they are ready to start investing. 0:40:44 - Daniel’s three criteria for investing in a business. 0:55:22 - Why most companies are doomed to have their moat disrupted. 0:57:28 - What led Daniel and Jake to start Stock Unlock. 1:01:34 - Unique tools that Stock Unlock provides. 1:06:30 - What books Daniel & Jake would give to their 18-year-old selves.  🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/fundamentals-of-stock-investing-w-daniel-pronk-jake-ruth/ 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.