Johanna Klausen has never spent the day in the employ of any financial institution. She has always been an independent entrepreneur. Her expertise is in stocks, bonds, and real estate. Her daily life consists of managing her investments and volunteering her time and finances to a variety of charities.
Although Johanna had a formal education, she acquired her knowledge of the financial industry by the side of her father.
He had dabbled in the market for many years. Johanna was an excellent student and soon followed suit.
Her career took flight and her success was assured as her stocks exploded to new heights in the nineties. It came during the time of the internet bubble. It was when all stocks of new and emerging technologies were soaring. It was a time when the stock market climbed higher every day for years. Johanna’s stocks would split, and she gained double the number of stocks! According to Johanna, “it was the “Dot Com” days that were the most satisfying and profitable. Klausen was quoted as saying, “The key back then was knowing when to get out of a stock because what drives the market is fear and greed and one can get caught up in that thought and possibly lose money.”
Johanna Klausen believes in giving back to society and the community as part of the American culture. She donates her time and finances to multiple charities. She has been very successful at fundraising efforts as she has a great understanding of the decorum and etiquette that the position requires.
Johanna has a zest for life as a retired entrepreneur and philanthropist. Her financial success and benevolence toward humanity provide joy in her life, and wellbeing for her benefactors.
Where did the idea for your career come from?
My father dabbled in investments. He shared his knowledge of investing and we invested together. With my fathers’ guidance, I’ve never had to work for any company. My financial stability has been my own.
What does your typical day look like and how do you make it productive?
My typical day begins as I turn on CNBC first thing in the morning to the ticker. I listen to the news on the stocks. I research stocks on the computer as well. The things that I must research are “the news” which means finding the answer to questions such as Is the stock going to fall because no one is buying the product? Does the news mean they are getting a new acquisition? Does everyone love their product? I watch for the fundamentals which indicate if a stock is sound and resistant to bankruptcy. I analyze the fifty-two-week highs and lows of a stock which requires businesses to disclose to investors. Last you have to make sure if the stocks are making the stocks quarterly earnings. These are the things that I have to know and resolve every day.
How do you bring ideas to life?
Ideas just come to me. If I hear positive chatter about a stock, I investigate it. I read, research, watch TV and listen to what the trends are. Based on my analysis, I decide whether or not to buy the stock.
What’s one trend that excites you?
New ideas that are sound and grounded excite me. Money-making ideas excite me. I like to watch the TV show Shark Tank. It is a very inspirational show. It is filled with people who come to the show looking for investors. They have brand new ideas that can become extremely profitable.
What is one habit of yours that makes you more productive as an entrepreneur?
I am very detail oriented. I am very grounded and serious. Moreover, I love what I do. Loving what you do is key to having a long and happy successful career.
What advice would you give your younger self?
I would tell my younger self NOT to worry. It is something that I have to overcome. I only worry for a day or 2 then I look to make lemonade out of lemons. I look for a solution, then I give it up to God.
Tell us something that’s true that almost nobody agrees with you on.
I don’t know of anything that I could think of that would be suitable for the question.
What is one strategy that has helped you grow your business?
One strategy that I use all of the time is to have a reliable source that gives good advice.
What is one failure you had as an entrepreneur, and how did you overcome it?
The latest challenge is this virus! The stocks are half of what they were before this virus hit. The strategy is to Buy low Sell high. When you know a company has good fundamentals you pivot and buy the stock. When the market tumbled down, it was an opportunity. Stocks like 3M, Haynes, and GM, as well as the companies that make the masks and ventilators during the coronavirus, are good investments. It is choppy right now but when the market recovers these stocks are going to fly.
There was only one way to overcome this issue. I saw it as an opportunity, and I jumped in and purchased stocks while they were low. I followed the strategy of the stock market which is to buy low and sell high when you know that stock is going to go up.
What is one business idea that you’re willing to give away to our readers?
The best thing I can give you if someone is interested in doing what I do is to get professional training. I was fortunate to have my father when I first came into the business. I never had to work for a company. I have always been independent and self-reliant. Even if you don’t get the degree, professionally learn about the stock market.
What is the best $100 you recently spent? What and why?
The best money I have spent was on vitamins. I believe without your health, you have nothing.
What is one piece of software or a web service that helps you be productive?
I use yahoo financial. CNBC T.V. and an Automatic stock checker on my phone for stocks and bonds.
What is the one book that you recommend our community should read and why?
I would recommend that everyone read are books on “The Laws of Attraction”. It changed my life. One such book is The Attitude of Gratitude by Lewis Howes
What is your favorite quote?
“Success usually comes to those who are too busy to be looking for it“ by Henry David Thoreau
• The best money you can spend is on vitamins. The fact is without your health, you have nothing.
• When you see an opportunity, such as when stocks fell due to the coronavirus, jump in and buy the stock of companies with good fundamentals.
• Only worry for a day or 2, then make lemonade out of lemons. Look for a solution, then give it up to God.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.