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Ian Denlab has become a reliable source of investment advice. As the founder of Red Panda Stock Club, who provides excellent advice and governor’s management for investors, he received respect and confidence in many traders.

He has some suggestions for those who are trying to decipher those who trust exactly in the landscape as many claim that they are experts.

“No. 1, ask them to earn money free of charge,” said Denlab in a new episode of the Financial Freestyle (see the video above or listen below). “No. 2, go with your intuition. Then three, the thing you all learned who we are really good, all the people who invest, we all coexist … you may have differences in stocks, but there is mutual respect between each other.

Before going to educate others about the markets, Dunlap remembers the first moment he wished to invest.

He narrated that a friend of JPMorgan called him and said: “I want you to sell everything you have, and I want you to invest in these five companies.” Denlab said he ignored his friend’s advice and chose not to invest his money. Meanwhile, his friend ended up achieving $ 3.8 million on his investments and managed to retire at 35.

“From that moment on, I said that I will never miss another accident,” said Denlab. “Often we think about a collision … harmful to most people, but if you know how to benefit from it, this is when you can produce your greatest disobedience in your life.”

Now, Dunlap said he was looking at the market for “12 hours a day” and bought “perhaps 1300 (or) a book on investment.” He devoted his time to studying how the stock market works by going to the stock exchange in Chicago to learn from merchants and watching any programs it can on the Internet.

Read more: Create a stock investment strategy in 3 steps

Although his friend claimed that he had achieved millions of investing in a short period of time only, Dunlap strongly believes that by keeping a small number of investments “for 20 to 30 years), you will be on your way to earn large money.

He said: “Since the market has become very hot and maturity, I think that many retailers are focusing on the rotation of the sector when you need to really accumulate to four or five great companies really great for the rest of your life.” “I don’t think you need 20 shares in the wallet to do it very well. If so, you can only get an index.”