What is Our First Purchase? $250 to $250,000 Challenge! (Week 1, 2018)

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  • Published on Mar 22, 2018
  • You have to start somewhere. We picked these 3 investments as we journey from $250 per week to $250,000.
    ⚡Jam Bart's Stock Picker: bit.ly/JamBart-Stock-Picker
    📈 Track Our Portfolio Here: bit.ly/JamBart-Portfolio
    💡Get a Free Stock When You Sign-Up for Robinhood, the NO Fee Stock Trading Platform: bit.ly/Free-stocks
    ✈✈If you are International, use www.stockbrokers.com/guides/internationaltrading
    💵Buy Big 4 Crypto Here: bit.ly/JamBart-Coinbase
    💰Buy Altcoins on Binance: bit.ly/JamBart-Binance
    💸How to Pick the Best Stocks Free Video bit.ly/Pick-Best-Stocks
    🔎How to Screen for the Best Stocks
    bit.ly/Stock-Screener
    ⭐5 Keys to Investing Free PDF
    bit.ly/top-5-Investment
    📀Jam Bart's Altcoin Picker:
    bit.ly/JamBart-Altcoin-Picker

    WARNING:
    The following programs are extremely risky. You should not invest in them unless you are prepared to sustain a total loss of your deposit. This channel is for informational purposes only. I am not a financial adviser nor an agent of any company. I only talk about the strategies I use and programs that I personally invest in.

Comments • 123

  • Nico Ongom
    Nico Ongom Year ago

    Hi Jam
    I've tried to begin this journey today as you say in your program, but I got stuck with the drivewealth app.
    It seems its not there on google play. I am from Africa and so what app could we use if drivewealth doesnt work ?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Welcome Nico! I am not sure about Africa. You'll probably just have to see what you can find on Google. Sorry I'm not more help :/

  • Harjinder Singh
    Harjinder Singh Year ago

    For some reason I couldn’t not find BNB on Robinhood

    • Harjinder Singh
      Harjinder Singh Year ago

      Investing with Jam Bart I’m in California

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Nice, yeah Robinhood only has certain cryptos, not all of them. And it depends on what state you live in. So far only 5 US states have given brokerage licenses to Robinhood to sell crypto.

    • Harjinder Singh
      Harjinder Singh Year ago +1

      Investing with Jam Bart Robinhood had ETH and I bought that for 50 dollars.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Just sign up for an account. It's really easy. Once you have that, then you just deposit BTC or ETH into the Binance Exchange and trade it for Binance Coin. The Binance Exchange does not do straight cash to Binance coin. They only do crypto to crypto.

    • Harjinder Singh
      Harjinder Singh Year ago

      Investing with Jam Bart Thanks.

  • Harjinder Singh
    Harjinder Singh Year ago +1

    I will join this journey as well.

  • Aba
    Aba Year ago +1

    Thanks for sharing your journey 👍🏽

  • George Jono
    George Jono Year ago +1

    This week You bought ALK at $62.94 x 2 shares = $125.88 , so for how long do we have to hold it ? time to sell ? and if we sell it , say at $160 , do we reinvest all $160 for the following week which will be $250 + $160 ?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Great questions George, The answer is "It Depends". We hold until the stock becomes over valued (reaches a score of 14 or more on the stock picker) or until the stock exhibits something that is undesirable like negative earnings. We would then take our earnings and roll them into the next investment.

  • Gene Sutton
    Gene Sutton Year ago

    Robinhood cant be used for state of Florida

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Hi Gene, I'm not aware of any limitations within the United States for Robinhood. Did they reject you signing up? To answer your other question, Robinhood is the best option I have found for those following along at a lower amount. There are other options out there that I have found, but they definitely have limitations.

  • Gene Sutton
    Gene Sutton Year ago +1

    How do get started with $25 a week.

  • Some One
    Some One Year ago +1

    Damn, nice call on BNB!!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Thanks! Remember though, I didn't buy it because I thought it would pop in the short term....I just got lucky with that. I bought it because I believe in the long term growth of the Binance exchange.

  • Duck Sauce
    Duck Sauce Year ago

    What about hashflare with 30% discount plus 10% referral (refer yourself) plus recent 50% price drop...? Need a vid from you before the promo ends on 26th!

    • Duck Sauce
      Duck Sauce Year ago

      Ok thank you!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Duck Sauce, I won't have a chance to make a video, but the bottom line is that even with the 30% discount, the contracts are not worth it. Hashflare needs to be selling contracts at like $40 per TH/s or BTC needs to be near $13K-$14K for their contracts to be worth it.

  • bbhottie
    bbhottie Year ago +2

    This is great that your doing this series. The little guy or on my case little girl always gets looked over. I’m in at the $25 level and looking forward to the journey!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Thanks for watching bbhottie! Yeah, we all have to start somewhere. I started 7 years ago with almost half a million in debt. If I can do it, anyone can do it!

  • Dibben Nandakishor
    Dibben Nandakishor Year ago +1

    Do we need to enter the data to the stock picker?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      the links for all the resources are at the bottom of my youtube videos in the description

    • Dibben Nandakishor
      Dibben Nandakishor Year ago

      Ok thanks for the info

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      I have videos on my website showing how to fill out the stock picker.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Yes, you will need to gather the data from their public reports. This allows you to review any stock you may be interested in, not just the ones I review.

  • James
    James Year ago

    I think the stock market will crash soon. Perhaps splitting the % 50/50 instead of 80/20. Maybe even 100% all crypto. 👍

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Lol, I can see that!

    • James
      James Year ago +1

      Investing with Jam Bart Yeah I understand your philosophy... I have a big risk taking gambler inside of me. 👍

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Yeah, that is true, the potential is huge, but I cannot teach anything about crypto with reasonable certainty of future results. The power of crypto is in the "Story", but it is hard to value a story. vs You can value a company with reasonable future expectations. I realize everyone has their own opinion on this, but that is where my opinion is.

    • James
      James Year ago

      Investing with Jam Bart I understand that.. but crypto has a huge potential for higher returns. Stocks at 80% seem a little too high .. depending on how much risk a person wants to take on and their age.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Thanks for the feedback James. The reason I do 80/20 is because typically the stock market as a whole drops much less than the cryptos. Even if the stock market crashes, it will only crash 20% to 50% vs 80 to 90% that we have seen with cryptos. The name of the game is preservation of capital with realistic returns. Putting everything into crypto is gambling.

  • Rudolph Williams
    Rudolph Williams Year ago +1

    I wish I had 250 every week but just got a new house. You mentioned 25 dollars every week how will it work with that amount. Will I only be able to purchase 20 worth or CVE and 5 worth of binance?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Gene, this is self directed. I am not selling a program that you have to buy into. This journey is a follow along at your own pace type of thing. I make weekly purchases and explain my reasoning behind them. I also make tools to help people make their own informed decisions. Essentially, you can start whenever you want and follow along and learn as you go. The programs we use to buy our stocks is Robinhood, and we use Binance to buy our altcoins. All the links to the programs we use are at the bottom of our youtube videos, in the description.

    • Gene Sutton
      Gene Sutton Year ago

      How do we get started

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      It's up to you which product you want to buy. I would just pick one of the three.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      With 25 per week, you just buy a much as you can for that amount. Congrats on your new house!

  • Hemant D.
    Hemant D. Year ago +1

    Hi what online broker do you trade for stocks?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      take a look at this article. www.unwantedinvestor.com/how-non-us-citizens-can-invest-in-the-us-stock-market/ if that doesn't help, you may have to spend some time googling an answer that will work for you.

    • Hemant D.
      Hemant D. Year ago

      Robinhood is not meant for non-us any other broker you would like to recommend.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      I use robinhood

  • hubert huot
    hubert huot Year ago +1

    does robinhood let you buy bnb?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Unfortunately it does not hubert. Robinhood has only rolled out their crypto trading in 5 states so far and the trading pairs are only btc, eth, ltc. You will have to use binance exchange to get bnb

  • Crypto John
    Crypto John Year ago +2

    New sub. Lost all in scams. Going to follow along this journey with interest. Gotta try do some overtime to get 250 to start.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +2

      Thanks for watching and following John. I'm sorry you lost all in crypto. Hopefully our plan can bring some stability a growth to this crazy market. Keep working hard man. That's the only way to attain your dreams.

  • Ian Booth
    Ian Booth Year ago +1

    Very intrigued by this and would love to follow along and invest. Do you know how a UK resident would be able to buy such small amounts of US stocks without it costing a small fortune in brokerage fees? I had a look at drivewealth but the review comments Womble really put me off. I'm sure I won't be the only one who would like to know. Thanks!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Maybe i'll just move to the UK! 😉

    • Ian Booth
      Ian Booth Year ago

      Thanks for that. I will look into those options though getting embroiled with yet another tax entity is off-putting. Hadn't even thought about that tbh. Alternately you could always run a parallel analysis of UK stocks for us foreigners. Nudge nudge. Or I could move to the States 😉

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Ian, take a look at this article. www.unwantedinvestor.com/how-non-us-citizens-can-invest-in-the-us-stock-market/ if that doesn't help, you may have to spend some time googling an answer that will work for you.

  • Omar Nieves
    Omar Nieves Year ago +1

    Did you set a time frame or hav an idea of how long it’ll take to reach that 250k?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Yes Omar, my goal is 5 years or less. I know that is not fast enough for many people, but in my opinion, slow and steady wins the race!

  • Ronnie Massey
    Ronnie Massey Year ago +1

    Is it worth if using Drive wealth to sign up for the $5.99 Drive Wealth unlimited as it then only cost $1 per trade?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Ronnie, I mis-spoke. I have a free PDF on my website...but no video yet. Here is the link: www.investingwithjambart.com/altcoin-picker/

    • Ronnie Massey
      Ronnie Massey Year ago

      Do you have any video about how you pick crypto picks using the spreadsheet. I have searched you older videos but can't find anything regarding that.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Me personally, I would still buy it because I believe in the long term growth of Binance. But this is going to happen a lot on this journey. I will purchase something and then the price is either going to go up or down. Then everyone who watched my purchase will have to make their determination if it is a good time for them to get in or not. It helps when you think it terms of year and not days or weeks. I will hold bnb for at least a year.

    • Ronnie Massey
      Ronnie Massey Year ago

      I can't use Robinhood as I am not from the USA. Also the price of Binance coin has gone up should I take the current price or wait for it to drop

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Ronnie, I would try the free stuff first. You can always upgrade if you want. I did the free account on Robinhood for a month, the. Tried the paid account, but went back to the free account because I wasn't getting much out of the paid account.

  • Ken Semotiuk
    Ken Semotiuk Year ago

    Investing in Jan?

  • Deslie Gilson
    Deslie Gilson Year ago +1

    Very good. Thank you very much for sharing this information. I am investing for my mother and also our family. So interesting and exciting!!! Thank you again.

  • wnc817
    wnc817 Year ago +1

    I came across GLP while looking on finviz. It seems pretty attractive at it's current price and equivalent dividend of over 10%, which seems to be paid out consistently. I'm curious as to how you would analyze this, for example.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Wnc817, that is a great question. I ran it through the stock picker and it scored a 57.82
      I would not touch this company. The debt to equity is 5. Meaning they have 5 times more debt than equity. Also, their average 3 year growth is Negative 196%. If this company had a D/E of 1 or 2 and a positive earnings growth, then this would be an awesome company to buy, but as it stands, they have a lot of stuff to clean up before I would consider them.

  • Datu Puti
    Datu Puti Year ago +4

    Nice work Jam. You can buy BTC and ETH for 0 fee using Robinhood. I cant afford $250 a week. If I stop smoking, i can $50 a week.😁

    • Trev1183
      Trev1183 Year ago

      Don't quit. You'll need it to help you deal with the stress of a volatile crypto market

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Lol, looks like it might be time to quit! Robinhood will have btc and eth soon, but for right now it is only in 5 states.

  • Mauricio Smit
    Mauricio Smit Year ago +1

    Jam - me again :) If I miss week 1, can I start investing from week 2? In other words, if I had to start in week 5, would it still work? Thanks again as always for your patience and keep up the good work.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Lol, thanks for the compliment :)

    • Mauricio Smit
      Mauricio Smit Year ago +1

      Dude - you are a legend! Thank you

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +2

      Yes Kallie, it will still work. Because we will update the scores from the picker as we go along. I've designed this program so that any newcomer can jump in at anytime.

  • zSEVENz WolfPack
    zSEVENz WolfPack Year ago +1

    AWSM.... Game On !
    😎💎💰

  • Doug Sutherlin
    Doug Sutherlin Year ago

    If I could, I would smash the like button twice. Been with you a while, you may be on to something

  • AffiliatePro
    AffiliatePro Year ago

    I don't see anywhere to create an account with Robinhood. No signup, no login, no buy now, no go jump off a bridge, nothing!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      They did just release a desktop version, but yes it is easier to start with the app.

    • AffiliatePro
      AffiliatePro Year ago

      OK, never mind, I realize now that this is a cell phone app.

  • CryptoCris
    CryptoCris Year ago

    Hey jam it seems like youre down with crypto. Can you pls make a video about stronghands coin.

  • David Johnson
    David Johnson Year ago

    Jam great material - Could you upgrade your mic-sounds like a speaker phone- try getting closer. Lots of youtube mics out there. Blue Yeti is super.

    • David Johnson
      David Johnson Year ago

      Oh- travelin man! Great day to put on some stock advice... yikes

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Hi David, sorry about the mic, I do have a good mic but I have been travelling a lot lately so I gotta record when I get the time.

  • Alex Crypto
    Alex Crypto Year ago

    why not full crypto?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Will do Sherry!

    • Sherry Yue
      Sherry Yue Year ago +1

      I'm following your strategy. Yes, please keep us informed on what other stocks and coins/tokens you will be adding. Thanks!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Great question, I want to make sure I am well diversified for a longer term strategy. So Crypto is just a mix of my portfolio. As we go along you will see more of my thinking and what I am adding in.

  • Buhay Amerika
    Buhay Amerika Year ago

    Will this system work if I my buying power varies every week but averages $250? (sometimes $150, sometimes $350)?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      It would take some figuring out, but ideally it should get you to the same goal. Not everyone can do $250 a week, so we are making it so people can follow with just $25 a week.

  • Jesus Merejo
    Jesus Merejo Year ago

    Can I only do the stocks? I might not get to 250k but im done with crypto.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      You Definitely can just do stocks. I am just showing my journey and you can adjust as you need to.

  • b Ingallina
    b Ingallina Year ago +1

    Great content Jam! I can't wait until we get to week 10 and look back on our progress! For those of you out there who can't afford $250 a week, I personally am investing only $150 a week! You can still see exponential growth with a lesser amount. I am excited for the new videos.

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Wow, thanks B for the kind words. You are correct. I am choosing things that anyone can afford so everyone can achieve their fianancial goals. I'll see you at the top!

  • fullstereo
    fullstereo Year ago +1

    Can’t wait for the next chapter. Thanks

  • PRodSr
    PRodSr Year ago +2

    I am taking this one with you, not sure that I can do the weekly amount but I will reinvents the profits. Will it be possible that you keep us updated by a telegram or a Discord Group. I understand a bunch of people charge to share their knowledge and for others to follow along but I am sure you will get a big community and following if you do a community group to follow you along.

  • Bithe Reum
    Bithe Reum Year ago +1

    What is the target date to achieve $250K? Also, are you taking into account the transaction fees being charged by the exchanges?
    Kudos for keeping your channel informative!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Good question. My target date is 5 years. I am not taking into account the transaction fees. they should be negligible because we are not trading, we will only buy and hold once per week.

  • Zdravko Tuvic
    Zdravko Tuvic Year ago +1

    I will observe for a while, then will decide to come aboard or not

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      That sounds about right Zdravko!

    • Zdravko Tuvic
      Zdravko Tuvic Year ago

      I cant invest 250 per week, more likely 250$ per month, so target will be 62.5k after five years

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Sounds good Zdravko! Learn as much as you can from my successes and mistakes. I would never invest in something that I am not comfortable with.

  • Bithe Reum
    Bithe Reum Year ago +1

    are you also considering investing in ICOs as part of this journey?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      I am not. Unfortunately the regulations around ICOs in the USA are very strict and I am not allowed to participate in them.

  • Jeff Lacroix
    Jeff Lacroix Year ago +1

    Great content Bart, love that you show the tools and process along the way. I just downloaded Robinhood, do you just keep all your stock balance on that account? I guess crypto has trained me to not trust exhanges. That being said, Binance coin stays on the exchange, as you buy crypto will you be considering wallets or just leaving them on Binance?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Great question Jeff. I have all my stock on Robinhood except for one that I had for a long time prior to my youtube channel. I have that one on eTrade. In order to operate as a broker in the USA, you have to have insurance and be able to cover for theft or fraud. I feel safe with Robinhood because they are governed by US laws. I will leave my coins on Binance as long as I don't feel like I have too much there. Once I get to a point that I am not willing to lose it, then I will transfer it to a hardware wallet. But we just started, so I will cross that bridge when we get there.

  • Zdravko Tuvic
    Zdravko Tuvic Year ago +1

    Hello,
    what is the strategy, when get some gains (how much gains?) sell and buy something else or long term hold and accumulating?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      Sounds good Zdravko! Learn as much as you can from my successes and mistakes. I would never invest in something that I am not comfortable with.

    • Zdravko Tuvic
      Zdravko Tuvic Year ago +1

      I will observe for a while, then probably come aboard

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      When we get 100% gains on our investments, then we move the profit over to more stable investments like Mutual funds/ETFs etc. We will discus those in future videos. The overall strategy is long term accumulation. That is what guys like Warren Buffet and Benjamin Graham do.

  • Maybeline Claire
    Maybeline Claire Year ago +1

    If you like Binance coin, what do you think of KuCoin?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      I like KuCoin as well. They have more room to grow, but I consider them more risky than Binance. I don't think they are as professional as Binance nor do they have as great as a team as Binance.

  • Deon Hunter
    Deon Hunter Year ago +1

    Are these weekly investments or long term?

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago +1

      Make sure you're checking the page after you login. I just put a new video there on how to screen for stocks. When I get more videos teaching different things I will post them there as well.

    • Deon Hunter
      Deon Hunter Year ago

      Good to know. Thanks Jam!

    • Investing with Jam Bart
      Investing with Jam Bart  Year ago

      They are long term investments, but I am investing weekly. So every week, I will invest another $250.

  • Esteban Batista
    Esteban Batista Year ago +2

    I'm loving this i just bought your recommended stocks and crypto looking forward for the future

  • muonwap
    muonwap Year ago +1

    Love this series.!