Hi I’m Julie, I am from Glen Arm, Maryland. I’m Head of Copywriting and Sales at MyWallSt.
Prior to working at MyWallSt, I spent 7 years at a brokerage firm working in both retail investing and institutional sales. I was also an actress for somewhere near a decade in Los Angeles. (Those two did coincide. I’m not that old!)
My Investing Experience
I started investing when I worked at the brokerage firm, because I was around it and exposed to it all day every day. I would occasionally find a stock I found interesting (like First Solar) and share it with the team I worked with. I remembered when they took some of my ideas seriously and recommended a few to their clients. When First Solar was a success, they were very appreciative for the tip and I felt very proud. I think that stoked my interest in picking stocks. I’ve always been more interested in individual stocks than ETFs or funds. I think I’ll forever be a novice. Whenever I’ve thought of myself as advanced, I usually make a move that humbles me and reminds me I’m still prone to mistakes.
My Investing Goal
I invest in stocks and real estate because my long-term goal is to build enough passive income to work on what I want when I want. I’d be happy to live in the same house I do now and drive the same car I have now as long as I can spend as much time gardening, reading, hiking and traveling as I want to. I’d also like to spend the bulk of my working hours running a non-profit instead of working to pay my own way. That would be my dream life and it becomes possible only when financial freedom is achieved.
Looking ahead to a long-term investing goal of 20 years in the future, here’s also a look back at myself from 20 years ago in Paris. The girl in this photo didn’t own any stocks. But if I did, I’d be a lot further ahead now! No regrets, however. Everyone has their own timeline and finds their way in the end.
My Selling Regrets
Hmm, let me count how many times I have regretted a sale… Oh wait, I can’t. There are too many! Domino’s Pizza. Hawaiian Airlines. PayPal. I’ve learned to just not look anymore. But sometimes I can’t help but see a current share price in a news story and feel my heart sink that I missed out on those profits because I wanted to go back to cash or thought the stock was done growing. Live and learn. I also currently have regrets that I’m holding on to things that are way down. I still don’t understand when to cut my losses. I think most investors struggle with this forever.
My Investing Strategy
I just started dollar-cost-averaging. But it takes discipline. There will be any number of reasons that “today isn’t a good day” to put in that $500 or whatever. Like, “oh the market’s been on a streak lately, I’ll wait and see if it comes back down tomorrow.” So, discipline is the key to making it work. I think dollar cost averaging goes against human nature that way, but a lot of investing requires us to fight our humanness because it tends to be bad for our finances.
Former Head of Sales at MyWallSt
Julie's favorite stock is Teladoc. She believes patients want virtual appointments for ease of access and practices will require it because of a looming doctor shortage. Together, it’s the perfect match for a paradigm shift in healthcare and Teladoc is in a position to benefit greatly.