 Hey guys, how you doing? This is your boy Rich, and I'm with my very special guest, Nika Domi from Mind Your Wealth. How you doing today Nika? I'm very good. It's Friday, and we get to take a little breath. Everything's awesome. It's been a crazy week. Monday was a nightmare, and the rest of the week was just green, and we flashed very, very strong today in the green, and especially in America for cannabis stocks, huge day in America for cannabis stocks, a green day in Canada as well. But what we want to talk about today is the topic that I've been getting a lot of questions about. Me too. Rich, Nika, how do you get started in the stock market? If I'm a new investor, how do I buy stocks? How do I get started in investing? How do I become an investor? How do I invest in cannabis stocks? I'm getting it every day. You are too. So, since you're new, relatively new at investing in stocks, why don't you tell everyone how you started, first of all? Well, my biggest thing is you have to get rid of fear. You just have to jump in, and definitely start small. Start somewhere where you really, you know, you feel comfortable that you're not gonna need that money for a while, or maybe, you know, start with something you can practice with. So, I actually didn't take that advice. That's the advice I want to give to others. I started quite large, actually. I was just like, you know what? I think the universe wants me to do this. I'm doing it, and I'm putting in an amount of money that will, you know, make me something out of it. But how I started, a friend of mine actually, as I mentioned in a previous video, has came to me and said, listen, you have to take a look at these stocks. They're flying. I've made quite a bit of money. You need to really go to the bank and open yourself a tax-free savings account, and which is what I did really quickly. From there, if you get this app on your phone, which is super easy to use. With which bank? Did you use it? I went with CIBC. I'm still a student, so I'm at McMaster University, actually finishing my degree in Social Psychology, and also minor in Religious Studies, which is like, going to the movies, basically. It's just so much fun. But, yeah, so university has been awesome. And because of that, I got the student, like, a really good price for the trade, so I'm pretty happy with that. And you get a really easy, cool app on your phone, where you just take it anywhere with you, and instead of checking your Instagram, your likes, I check my stocks, you know, so... Okay, and what kind of tools do you use? So you have an account at CIBC here in Canada. You said you want to get involved. You got some money now. You set up an account. You went to the bank. You set up your account. Now what? What do you do now? Where do you find the tools? How do you do your research? So my favorite thing at the beginning was just going onto Google. As soon as you type in, you know, it's so easy. Just type in cannabis stocks or the stock market, and it'll pop up. And as soon as you type in one company, just Google one company, type it in, and type in stocks, and you'll get the price right on there in Google. You click on it, and you see a little chart. And that chart was what really I found very easy to work with, because it showed me, if you zoom it out, for example, to the year past, so you go a year back, and you see the whole year of the performance of that company. So you could see how they've done, whether they've been going straight up, whether they've been going up and down, and you get the idea. And you could see whether they've been kind of rising or falling, and you could judge the stock by that. So I really found that little Google thing easy. But then later I found a bar chart, and that's another app on my phone that I found very newbie-friendly, let's call it that. And that one shows you such an easy way of looking at a stock where you change it to the candle stock. And I really like the candle stock because you can see it's so easy. The green candles means there was lots of sales, lots of volume. Red candles means that they were down, and you could kind of judge how the company's been doing based on that. And bar chart gives you a lot of other information, too, that you can compare. So you have to look at the volumes, you have to look at the year back is a pretty good indicator. And then I also look a month back, and then I look five days back just to get an idea. And really just sit there, stare at it, read it, you know, get the feel for it because you have to kind of meditate on it. You can't just be all over the place, give it some time. Now one of the things that we've done here at Rich TV Live is we've created a community that can help people. So what we've done is we literally have groups. We've got our own social media platform on Amino. You guys can go to www.richtvlive.com. You can go to Hover Over Contact and you'll see our secret stock picks group. That's our Amino social media platform. That's a community for you, the people, to go and talk with each other and share ideas and share picks and share opinions and do polls and votes. And it's such a great tool that we're just getting started. And we've got a WhatsApp group that's full with about 257 of some of the greatest minds all over the world that are giving picks 24 hours a day, 7 days a week. So we're constantly getting information, we're constantly getting knowledge. So one of the best ways for people to learn is to surround themselves with other people that are also learning, that are sharing information and sharing knowledge. And that's what the newbies, they really, sorry. What I hear from a lot of people and what I really found good about it is people like that sense of community. They feel like they're not alone. And you make a lot of really new, new cool friends that you can actually make money with. And hey, if we make money together, we stick together, right? So there's no hate, there's nothing, no judgment. Everybody is super helpful. And the Amino app has been a really big part of my beginnings too because it really gave me that chance of hearing what others are talking about. Often what happens is somebody will come and they say, hey, I'm new. I was just about to buy blah, blah, blah stock. And then you see another member say, I, I've been waiting on that one. I'm watching that one. So maybe, you know, think about it and you'll get the idea. But you know what? Maybe I will think about it. And so many people have come back and they say, they said, you know what? I'm so glad I waited. So you get so many good tips and you feel like you're not alone. You make a lot of good friends there. And that is a huge support because you could sometimes be a little depressed. Sometimes you're happy, you know, so it just depends on how it goes, but you get a lot of great tips from there. I think there's a lot of tools that I, that I use that I have used over the years. One of the first things I would do, set up a bank account. Once you set up your bank account in America, you could use e-trade, fidelity, TV Ameritrade. Internationally, you can use interactive brokers. You can use e-trade. In Canada, you can use TD Bank, CIBC, RBC, Scotiabank. They all have brokerage houses where you can buy and sell stocks. Okay. The next thing you do is go into your bank and say, listen, I want to set up an account. They'll give you access. You fill in some paperwork. And then once you fill the paperwork, they'll say, okay, you can now transfer money in and you can start buying stocks. So the next thing is how do I decide which stocks? The next thing I would do is I would go to investing.com, another free account you can set up and create a watch list. Create a portfolio. And then what you do is you come to Rich TV Live, take a look at all of our videos. We've done almost 900 videos. And take a look at all the picks we've done and take all those picks and put it in a portfolio. And then take any other picks that you've heard from anyone else or any picks that you might be watching yourself and add it to your portfolio. And start watching it every single day. Start watching it. Start reading their news. Start watching their financials. And some of the key things that I look for in stocks, I look for volume, meaning how many shares is the stocks trading. Okay. You can go to OTCMarkets.com. In Canada you can go to TMX.com, which is the TSX website. And you can go there and you can actually type in the stock symbol and you can find out the volume. You can find out the issue in outstanding shares. If the stock is trading over a million dollars a day in volume, that's a very good sign. How do you decide, how do you determine how much volume? If it's trading over a million shares and it's at a dollar, that's a million dollars a day. So that's a good way to think about it. If it's trading over a million dollars a day in volume, that's substantial. Cannabis stocks have ridiculous volume. So the number one reason why I invest in cannabis stocks is that they have the most volume. Yeah, they do. They, by far in Canada, they have the most volume. There's nothing that even comes forward. When I look at, yeah, when you especially look at Aurora stock, that one's been killing it in volume. All the cannabis stocks that are real good companies have crazy volume. So A, look at volume. B, look at their chart. Go back to the one-year chart. Look at their 52-week low and look at their 52-week high. That's another important thing. 52-week low is the low low we call it and 52-week high is the high high. You want to be buying at 52-week lows and selling at 52-week highs. And don't chase those stocks. You want to buy at 52-week highs, you're playing with fire. You want to buy at 52-week lows, sell at 52-week highs. Don't buy at 52-week highs, sell at 52-week lows, okay? So you want to buy in the red, sell in the green and you want to invest in great companies. If you invest in penny stocks and you invest in risky companies and you invest in companies no one's ever heard of, you have a much bigger chance of losing money. If you invest in great companies like Aurora Cannabis, like Canobie Growth, like Aphria, the three biggest in the cannabis sector, all three have been huge winners. Look at their chart, all three have been up thousands of percent. And a few people have to watch, yeah, they're huge. New people really have to watch that because they hear so many things everywhere being said and they don't know what to believe. So the best thing is when you don't know the companies, when you're not familiar with them, pick the ones that are the most talked about, the most popular, the biggest ones, because you really can't lose with the giants. I mean, they're going to go up and down and you have to know that. That's what my friend told me actually. He said, listen, just don't yell at me when you see the money going down. And I thought, oh yeah, no problem. But as soon as I saw the money going down, because it will go up and down, that is nature. And I started panicking. I'm like, yeah, I know he said it, but I'm still panicking. You know, the funny thing about investors is on Monday the market was crashing, everybody was panicking. And did I panic? Yeah. Did I ever panic? No, you did not. I was sick to my stomach. Yeah. I was not happy. It's natural. I was pissed off. But I never panicked. And I said, guys, as ugly as this is, as disgusting as this is, this is an incredible buying opportunity. And even as early as this morning, before the market opened, I told everybody that the Green Organic Dutchman was the best $2.45 stock in the world. And what did they do after I said that today? They skyrocketed all the way to $3.77. Because if you invest in good companies with money in the bank, small amount of shares, little to no debt, strong management team, great products, hot sectors, you're going to win. Yeah, for sure. Now remember guys, Rich TV Live is strictly for education, entertainment purposes. Do your due diligence. Do your research before you invest in anything that we talk about here at Rich TV Live. Nika, we got to go. We got to go. We got to go. For sure. It's Friday night. Guys, Nika is doing amazing. She already has like 150 subscribers. We've only done two videos. This is like our third video. I don't know, but I got a lot of knowledge to share with you. I got a lot of psychology and background. So I'm going to be talking about the theories and everything that is actually proven to work. And it's really going to help you make more money and make better relationships in life and so on. So subscribe to my channel. Give me some patience. It'll pay off. It's like the stocks. And Nika is proof that women are not only able to survive in this marketplace, but thrive. And I believe based on his story, okay, that women are actually statistically better traders than men. And I want to be able to prove that by working with more women like this, hand in hand, collaborating, talking about your experiences, talking about your gut instincts, talking about which stocks you're looking at, you're watching. And I think a video like this will really help some of the people that are getting into this industry that want to learn about how to get into stocks. How do I invest in stocks? Where do I get started? So guys, if you want to get started, just go to www.richtvlive.com, okay? Contact me there. Email me at richtvlive.gmail.com. We'll invite you to some of our groups. Everything is free. We don't want your money. I'm growing our amino group. And ladies, come on down. If you have any questions, just ask me. Go on my channel. Put in a comment and I'm going to reply to you and, you know, we'll work. Let's work together. And let's go get it. If we all work together, we can make money on good days. We can make money on bad days. We can make money every day. If we are all working as a unit, as a community, remember, if I win and you win, we all win. We win for sure. It's a win-win. If you're not winning, you're not watching. Nika, have yourself a great weekend. Thank you so much for this once again. Let's go, champ. Another big week. Thank you for watching, guys. We love you. Peace.