Welcome to the Jill on Money Show. It's Sunday, July 28th. And if you haven't listened to

yesterday's show, maybe you want to start with it because I explained that we're airing an episode of

Ask the Compound on our stream here. This is a show that is co-hosted by Ben Carlson and Duncan Hill, two of the members of the Riddholz Wealth Management team. Duncan's the creative guy. Ben's the numbers guy. I love them both. So it's great. So this is me as a guest on their program, Ask the Compound. If you've got financial questions, you can always send them over to us. Go to jillonmoney.com, click the contact us

button, and don't forget to check the box if you want to join us on the air live. Okay,

here is part two of my appearance on Ask the Compound. Up next, we have a question from Joe.

I've been investing for almost five years now, and I've had an automatic deposit of $25 to $50

set up for each Friday into my

brokerage account. I also put all income tax refunds straight into this brokerage account.

Doing this, I've built up a nice $25,000. My partner and I are only 27 years old and we do very

well for ourselves. I've been slowly building up positions in various companies by purchasing

stock slices and almost never sell, not trying to time the market.

I'm a CPA and I've been working in financial due diligence for a few years, so I trust myself to be able to know what's important on a company's financial statements.

My thesis is to buy stock in companies that hold significant market share in industries that have a high cost

of entry and companies that play a large part in everyday life.

What tips and tricks do you have for me?

Should I be more willing to off-way positions in quality companies when I'm up big?

For example, I currently have multiple positions that are up 50 plus percent,

not to brag. I always reinvest all dividends and just let quality companies do their thing,

even during down swings and stock price. This question was the human condition. Part one was

extremely confident. I know what I'm doing. Listen, I know everything about a financial statement. Part

two was, wait, what the hell do I do here? And is there some, is there a great Wizard of Oz behind that curtain that can show me tips and tricks? I love that idea. I want to give him Joe. I think this is from Joe. I want to give him credit. So he said he does, I always say for young people, he's saying he does 25 to 50 bucks a week, starting small. I totally applaud that. I think that's the way to go. You start small and you build up. And he's saying, like, I've been doing this for a few years and it worked, and he's got a nice $25,000 in the brokerage account. I don't personally have any tips or tricks, except that you're 27 and eventually you're going to be humbled by the market. So I would just prepare for that. Sounds like you have a pretty good process, know what you're doing. I think it's much easier to buy stocks than it is to know when to sell them. That's very... Right. That's absolutely great advice. Very easy to come up with an idea to buy a stock. This thing looks great. beaten down or it's gone up a lot or the company is outperforming or I use the products, whatever it is. Knowing when to sell is way, way harder than knowing when to buy. So, so smart. You know, I would just say this, Joe, because you are CPAs. Also, one of the problems you're going to have is that you're you are a CPA and you're going to say

oh if I sell this I have to pay the tax right and it's going to bum you out so one idea might be and I'm

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