 Three. What's up money gigs? Zavi here, welcome to another video guys. So in this video, I want to answer a question that a lot of you guys have been asking out there, especially for people that are new to the market. How many accounts should you have as an investor or somebody that's just getting into the market? So I want us to talk about that in today's video. But before we get started guys, we are new to the channel. We took about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. So if you are new to the market, you don't know where to start, you're thinking how many accounts should you have, what kind of accounts should you have, all those different questions that is probably going through your mind. So and I've seen in the comment section, people are asking all these questions. So I'm going to break it down to you guys based on my personal experience and how I've structured it. So I do have three main accounts. So and the reason why I have three main account is because of the different kinds of investments that I'm doing. So in the market, you could have three kinds of people, right? You have long-term investors, again, I call them investors, and you have short-term traders and then you have immediate traders. So short-term traders will be people that are like string traders. You buy, hold for a week, two, a month or three and sell and make profit. Those have tax implications and that will be a separate video, not in this one today. And then you have day traders, people that buy and sell securities those same days. So you have those three different groups. I do fall in all three categories. So for investing, I have an account that I buy stocks in the whole long-term, three, four, five years, 10 years. I have some ETFs that I've had for, I don't know, 12, 13 years and I keep adding and I see opportunity for those. So those are my long-term investments and that one I have them in a separate account. So just for context, I have that account with Vanguard and that's where I put money in there, buy stocks and just let them write. I don't even worry about them because when I tell you guys that these are started on buying long-term, I'm buying it in that Vanguard account because I want to hold them long-term. Then I have two other accounts with Webull. So I have a margin account with Webull which I use for day trading which means I buy and sell stocks to make profit the exact same day. So when you watch my videos, when I talk about my trade recap, that account is a margin account with Webull. And then I have my swing trade account with Webull again, and that account is a cash account with Webull. So you can have two accounts with Webull, a margin account and a cash account. So that's how I've actually structured it. So based on how much money you have in the account, I can determine which one you want to use. So if you have less than $25,000 in your account, then I'll say use a cash account if you want to do day trading. But if you have over $25,000 and then use your margin account for day trading, so that is how I want you to approach it. So in my long-term account, like I said, when I see a stock that I like, so for instance, CCIV, churchy capital, that's in the process of taking lucid models public, I see that stock as a long-term stock. So I like the company a lot, what they're doing. So I want to hold that stock long-term. I'm not just looking for a quick profit. So I'm buying it in my Vanguard long-term account. Then when I see a stock that has shown some momentum and I want to just buy and make some profit, I can still buy CCIV just for a quick profit in my swing account. So if I see, let's say for instance, CCIV recently pulled all the way down to $18. At that particular point in my swing account, I'm gonna jump in and buy some because I know from there it's gonna squeeze up back to 20, 21, 22, and I'll make some profit. So that's the mindset. And then when I make that profit, I take that, I can buy most other stocks or I can swing it or I can remove the profit in that account and then send it over to my Vanguard account where I can actually invest it in my lucid model long-term. So that is the mindset there for my swing account. Again, I would hold stocks overnight. I'll hold them for a week to a month in that account, sometimes even three months in that account because I'm holding them in anticipation of a squeeze either because of a specific catalyst which could be some news or whatever. So that's how that account works. And then again, my day-treating account, when I get up in the morning, I actually go through my watch list and I've been posting that watch list in my Discord server. So if you're not part of our server, I'm gonna put the links in the description below so you can come join. It's free. I post that watch list in there so that people can trade. So when I look at those stocks in my watch list, I trade those stocks, I make profit, I sell the stocks those days. Most of the stocks I haven't done detailed research as understanding what the financiers are. I just look for catalysts. Let's say it's a spark that's taking another company public or they're doing a merger or maybe there's a new product or there's new software they're releasing. Just something that is driving, that's gonna drive the price of the stock that day. I'll go in and I'll make profit. There's a lot of Chinese companies in there which is kind of a pump and dump. So I don't buy and hold the stocks because you can see a stock go from $2 to $20 in less than an hour and then crash back all the way to $2. If you buy that stock, I say $15, $16, thinking it's gonna keep ripping. Next thing you know is down to $6, $5 and you're down a ton. So I don't hold those stocks overnight. I don't even hold them for a long amount of time. I hold them as short as possible. I go in, I have my objective. I make my $100, $200, $300. I'm out. If there's another opportunity, I'll go in, put a tight stop loss and try to make as much as I can and get out. I don't plan on holding those stocks. I'm not a greedy savage. If you are a greedy savage, that's up to you. But use the tools that are given to you by these platforms. I use Weibo for trading and I do have all the tools that I need as far as trailing stops, stop losses to help me protect my gains. So you should also do that. So that's what I wanted to cover in this video. Again, to give you guys some context why I have three main accounts. Again, the breakdown here is I have a Vanguard account for my long-term investment. The stocks that I buy and don't touch. When I say don't touch, I don't plan on selling them anytime soon. I plan on selling them down the road. We're looking 10, 15, 20 years. In case, I mean, I don't even want to sell them. That is the plan there. That's why I have that. I call it a long-term. And I look for stocks that have opportunity. I look for disrupting stocks. So for instance, I like Tesla. I like CCIV. So I like those kinds of stocks that are making a move in, let's say, in new space. I buy and hold them long-term. And then I have my swing account where I buy and hold it for a week, a day, maybe three months and sell it and make some profit. Again, like I said, it has some tax implications. And then my day trading account, which also has some implications, or both with Weibo is a margin account. I buy and sell intraday. So that is what I use. That's why I use three accounts. So if you do have any questions, guys, again, let me know in the comment section what you think about this. How many accounts do you have? Do you understand what I'm saying here? Do you see the benefits of having these three accounts? I know you're probably thinking like, oh, do I have to log in here and log in here? You have to do it. I trade on a computer. I have my setup here. So I open my swing account when I have to and I open my day trading account. That's the one that I focus on on a daily basis. But then when there's an opportunity to swing and I open my swing account and buy or sell whatever security that I want to sell. And then again, my long term, I would go in there once in a while to either put money and go add to my position for a particular stack or just to go in there and kind of take a look and see what's going on. But I don't go in there on a daily basis because it doesn't help me in any shape or form to go in there, in and out every single day. So that's how I operate over here. Again, let me know in the comment section what you think about this. If you're new to the channel, we talk about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. Also, if you are looking to get started with investing, guys, we both still have the promotion right now where if you sign up and deposit $100, you get free stocks, links in the description below. And as always, guys, do your due diligence. Don't be a greedy savage. Stay motivated.