Master Investor Ian Dunlap Shares How to Capitalize During the Crisis (Video)
Ian Dunlap is an investment expert with one of the highest win percentages in the country and the founder of Red Panda Academy. Using completely custom formulas and algorithms, he says he has identified how to get safe returns whether the market is booming or in a crash.
On this episode of The New Norm with Selena Hill, Dunlap shares fundamental insight about investing and trading during the global COVID-19 pandemic. Here’s some of the advice he shared.
Start Investing Now
“Regardless if the market is going up or going down [or] going sideways — because there’s a lot of discussions on if we’re going to have a V recovery or if we’re going to have a W — the most important thing is [that] investing has to be the first bill that we pay,” he said.
“If you invest in the market every single month, you will have some money there…to help you, your family, your relatives that all need help during these trying times.”
Think Long Term
Rather than trying to get rich quickly, Dunlap says investors should focus on building wealth over a long period of time.
“You have to invest for the long term. I know everyone wants to get rich from trading and we always hop on Instagram and see some guy in a rented Lamborghini in a rented house talking about how much money he made from trading. But the real wealth is going to be in long term investing,” he says.
For example, Apple, Inc. “is averaging a 1200% return over 10 year period,” even in amid the pandemic. “Now, I don’t know about you, but I would have wished that I would have been in it 10 years ago.”
He added, “how much different would life have been for all of us and all of our friends [if] our grandmothers, grandparents, aunts, and uncles knew to invest back in the 80s and 90s? Our lives would be dramatically different.”
How to Invest
“I would invest every single month,” he stressed. “Yes, some months are going to be scarier than others.”
According to him, tech companies are the best stocks to invest in.
“Technology runs our lives,” he said. “Technology rules the world, he added, pointing to tech giants Apple, Microsoft, Google, Netflix, and Tesla. “Tech is the way to go.”
How to Get Started
Dunlap recommends that first-time investors read MONEY Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins, which breakdowns complex financial concepts and includes expert advice.
“Tony Robbins sat down and talked with the top investors in the country and they distilled their wisdom into the book,” he said. “It’s the best and probably the only book that you need.”
Dunlap also suggests Robinhood, a commission-free investing app for beginners, and TD Ameritrade, an electronic trading platform, for those who are more familiar with the stock market.
“I know it seems very complicated at first, but start with Robinhood or TD Ameritrade and then after that, you need to focus on buying quality companies like Apple [and] Microsoft, two companies that we all know and love. And then I recommend an index fund.”
Lastly, Dunlap urges people to invest at least 20% of their annual earnings in stocks. “I recommend 20% of your yearly income should go into the market.” He added, “If I could do it all over again, before having a child, I probably would have put 50% in.”
Watch Ian Dunlap’s full interview on The New Norm with Selena Hill below.
