Recording summary · June 2022
My inheritance money ran out, I'm BROKE! [a-Xj9KZVSLI]
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Overview
Daniel invested an inheritance from a life insurance payout following the death of Daniel's father rather than spending it on consumer tech, games, and electronics, but subsequently incurred portfolio losses of roughly £16,000 across multiple accounts and day trading over two years.
In response to rising inflation and conflict in Europe, Daniel sold off tech, growth, and NASDAQ stocks, including Corsair Gaming, PayPal, Amazon, Palantir, and Tattooed Chef.
Daniel redirected approximately £30,000 of remaining capital into tobacco, energy and oil, Lockheed Martin, precious metals, Rio Tinto, and pharmaceuticals based on expectations of prolonged inflation, energy supply shortages, and protracted military conflict.
Themes
Inheritance and decision to invest in the stock market instead of purchasing tech, games, and electronics.
Stock market and day trading losses across multiple accounts over a two-year span.
Liquidation of tech and growth equities, including Corsair Gaming, PayPal, Amazon, Palantir, and Tattooed Chef.
Reallocation of funds toward tobacco, energy and oil, Lockheed Martin, Rio Tinto, and pharmaceuticals in anticipation of prolonged inflation, energy shortages, and military conflict.
Developments
Daniel's father passed away a few years prior, resulting in a life insurance payout inheritance.
Daniel released a video update regarding stock investments in September of the previous year.
Daniel liquidated all tech and growth holdings a couple of months prior.
Daniel day trading account was depleted to £1.82.
Uncertainties & gaps
The exact loss in the main portfolio was estimated as over £12,000.
The exact current balance of remaining funds was estimated around £30,000.