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The stock market crash of 2021 is OVER -)

2021-03-10 · 16 min

internet_archive
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  1. rev_ca69e349e7fdff0ff1515145ed1872dfMachine-generated and unreviewed; may be wrong; not a verified quotation.
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Transcript

en
  1. Hello and welcome back to a new video

    Segment details0:01–0:04 · rev_ca69e349e7fdff0ff1515145ed1872df_0
  2. about the stock market. So I think things

    Segment details0:04–0:06 · rev_ca69e349e7fdff0ff1515145ed1872df_1
  3. are getting better. I think it's safe. I

    Segment details0:06–0:08 · rev_ca69e349e7fdff0ff1515145ed1872df_2
  4. think the great bleed or this big

    Segment details0:08–0:11 · rev_ca69e349e7fdff0ff1515145ed1872df_3
  5. correction, the market crash of 2021, is

    Segment details0:11–0:14 · rev_ca69e349e7fdff0ff1515145ed1872df_4
  6. pretty much over. So why is it over and

    Segment details0:15–0:17 · rev_ca69e349e7fdff0ff1515145ed1872df_5
  7. why did it begin in the first place? So

    Segment details0:17–0:19 · rev_ca69e349e7fdff0ff1515145ed1872df_6
  8. the whole thing is all about something

    Segment details0:19–0:21 · rev_ca69e349e7fdff0ff1515145ed1872df_7
  9. really, really silly. It's called the

    Segment details0:22–0:24 · rev_ca69e349e7fdff0ff1515145ed1872df_8
  10. Treasury bond auctions.

    Segment details0:24–0:26 · rev_ca69e349e7fdff0ff1515145ed1872df_9
  11. And 4 weeks ago, because there was a spike

    Segment details0:27–0:30 · rev_ca69e349e7fdff0ff1515145ed1872df_10
  12. in the interest rates of Treasury bonds,

    Segment details0:30–0:32 · rev_ca69e349e7fdff0ff1515145ed1872df_11
  13. it caused stocks to go down. And today was

    Segment details0:32–0:36 · rev_ca69e349e7fdff0ff1515145ed1872df_12
  14. actually the 2nd day of Treasury auctions.

    Segment details0:36–0:38 · rev_ca69e349e7fdff0ff1515145ed1872df_13
  15. Yesterday they did the 3-year Treasury

    Segment details0:38–0:40 · rev_ca69e349e7fdff0ff1515145ed1872df_14
  16. auction. But the main problem, the main

    Segment details0:40–0:43 · rev_ca69e349e7fdff0ff1515145ed1872df_15
  17. thing that was making everyone worried

    Segment details0:43–0:44 · rev_ca69e349e7fdff0ff1515145ed1872df_16
  18. about the stock market, was the 10-year

    Segment details0:44–0:46 · rev_ca69e349e7fdff0ff1515145ed1872df_17
  19. Treasury auction. And that was today, and

    Segment details0:47–0:49 · rev_ca69e349e7fdff0ff1515145ed1872df_18
  20. it's finished, and everything was fine.

    Segment details0:49–0:50 · rev_ca69e349e7fdff0ff1515145ed1872df_19
  21. Apparently they got a bunch of Japanese

    Segment details0:50–0:53 · rev_ca69e349e7fdff0ff1515145ed1872df_20
  22. people to buy loads of the Treasury

    Segment details0:53–0:55 · rev_ca69e349e7fdff0ff1515145ed1872df_21
  23. auctions. And the bond yield

    Segment details0:55–0:58 · rev_ca69e349e7fdff0ff1515145ed1872df_22
  24. of the 10-year Treasury auction was

    Segment details0:58–1:00 · rev_ca69e349e7fdff0ff1515145ed1872df_23
  25. stabilized around 1.5%, didn't go over

    Segment details1:00–1:03 · rev_ca69e349e7fdff0ff1515145ed1872df_24
  26. 1.6%. And it seems like, uh,

    Segment details1:03–1:06 · rev_ca69e349e7fdff0ff1515145ed1872df_25
  27. stocks started to rally yesterday big

    Segment details1:07–1:10 · rev_ca69e349e7fdff0ff1515145ed1872df_26
  28. time, big time rally yesterday. And then

    Segment details1:10–1:12 · rev_ca69e349e7fdff0ff1515145ed1872df_27
  29. today there's also a big rally in the

    Segment details1:13–1:14 · rev_ca69e349e7fdff0ff1515145ed1872df_28
  30. morning, and then it just kind of went

    Segment details1:14–1:16 · rev_ca69e349e7fdff0ff1515145ed1872df_29
  31. sideways, flattened out, not really

    Segment details1:17–1:19 · rev_ca69e349e7fdff0ff1515145ed1872df_30
  32. anything um,

    Segment details1:19–1:21 · rev_ca69e349e7fdff0ff1515145ed1872df_31
  33. crash-worthy happening today or yesterday.

    Segment details1:22–1:24 · rev_ca69e349e7fdff0ff1515145ed1872df_32
  34. And yeah, that leads me to believe that

    Segment details1:25–1:28 · rev_ca69e349e7fdff0ff1515145ed1872df_33
  35. this correction is probably over. I think

    Segment details1:29–1:32 · rev_ca69e349e7fdff0ff1515145ed1872df_34
  36. we've survived the worst of it, and I

    Segment details1:32–1:34 · rev_ca69e349e7fdff0ff1515145ed1872df_35
  37. think from now on there might still be a

    Segment details1:35–1:36 · rev_ca69e349e7fdff0ff1515145ed1872df_36
  38. bit of volatility, but from now on I think

    Segment details1:36–1:39 · rev_ca69e349e7fdff0ff1515145ed1872df_37
  39. that it's safe to start buying back into

    Segment details1:39–1:42 · rev_ca69e349e7fdff0ff1515145ed1872df_38
  40. your stocks if you sold out like I did.

    Segment details1:42–1:43 · rev_ca69e349e7fdff0ff1515145ed1872df_39
  41. Now according to what most analysts are

    Segment details1:44–1:46 · rev_ca69e349e7fdff0ff1515145ed1872df_40
  42. saying, most of them are saying that this

    Segment details1:46–1:48 · rev_ca69e349e7fdff0ff1515145ed1872df_41
  43. little correction once it passes, there is

    Segment details1:48–1:50 · rev_ca69e349e7fdff0ff1515145ed1872df_42
  44. going to be another rally, a continuation

    Segment details1:51–1:53 · rev_ca69e349e7fdff0ff1515145ed1872df_43
  45. of the bull market, one final last massive

    Segment details1:53–1:57 · rev_ca69e349e7fdff0ff1515145ed1872df_44
  46. surge for this year. And then after we've

    Segment details1:57–1:59 · rev_ca69e349e7fdff0ff1515145ed1872df_45
  47. had this little surge, then we're going to

    Segment details1:59–2:01 · rev_ca69e349e7fdff0ff1515145ed1872df_46
  48. be in for probably a much bigger

    Segment details2:02–2:05 · rev_ca69e349e7fdff0ff1515145ed1872df_47
  49. correction that could happen at the end of

    Segment details2:05–2:06 · rev_ca69e349e7fdff0ff1515145ed1872df_48
  50. this year. So be very, very careful.

    Segment details2:07–2:09 · rev_ca69e349e7fdff0ff1515145ed1872df_49
  51. So if you watched my last video, you may

    Segment details2:10–2:12 · rev_ca69e349e7fdff0ff1515145ed1872df_50
  52. know that I sold out of my main stocks,

    Segment details2:12–2:15 · rev_ca69e349e7fdff0ff1515145ed1872df_51
  53. my genomics, my EVs, and my tech stocks.

    Segment details2:15–2:20 · rev_ca69e349e7fdff0ff1515145ed1872df_52
  54. I sold them all because because I didn't

    Segment details2:20–2:21 · rev_ca69e349e7fdff0ff1515145ed1872df_53
  55. want to carry on watching them go down. I

    Segment details2:22–2:23 · rev_ca69e349e7fdff0ff1515145ed1872df_54
  56. didn't want to carry on losing money. And

    Segment details2:24–2:25 · rev_ca69e349e7fdff0ff1515145ed1872df_55
  57. I really don't believe in the whole you

    Segment details2:25–2:27 · rev_ca69e349e7fdff0ff1515145ed1872df_56
  58. buy and you hold, you never sell, you only

    Segment details2:27–2:29 · rev_ca69e349e7fdff0ff1515145ed1872df_57
  59. lose money if you sell. No, you lose money

    Segment details2:29–2:31 · rev_ca69e349e7fdff0ff1515145ed1872df_58
  60. if you sell— I mean, you lose money if you

    Segment details2:31–2:34 · rev_ca69e349e7fdff0ff1515145ed1872df_59
  61. hold and the stock keeps going down and

    Segment details2:34–2:36 · rev_ca69e349e7fdff0ff1515145ed1872df_60
  62. then you don't feel confident that it's

    Segment details2:36–2:38 · rev_ca69e349e7fdff0ff1515145ed1872df_61
  63. going to go back up. So I decided to sell

    Segment details2:38–2:40 · rev_ca69e349e7fdff0ff1515145ed1872df_62
  64. and then buy back in at a lower point.

    Segment details2:41–2:43 · rev_ca69e349e7fdff0ff1515145ed1872df_63
  65. And whilst I was waiting, I put all my

    Segment details2:43–2:44 · rev_ca69e349e7fdff0ff1515145ed1872df_64
  66. money into safe stocks like oil and banks.

    Segment details2:45–2:47 · rev_ca69e349e7fdff0ff1515145ed1872df_65
  67. Well, today I felt confident enough to

    Segment details2:47–2:49 · rev_ca69e349e7fdff0ff1515145ed1872df_66
  68. take my money back out of oil and banks.

    Segment details2:50–2:52 · rev_ca69e349e7fdff0ff1515145ed1872df_67
  69. I sold all my oil and bank stocks, and I

    Segment details2:52–2:56 · rev_ca69e349e7fdff0ff1515145ed1872df_68
  70. finally started putting it back slowly

    Segment details2:56–2:58 · rev_ca69e349e7fdff0ff1515145ed1872df_69
  71. into some new tech stocks. So I didn't

    Segment details2:59–3:02 · rev_ca69e349e7fdff0ff1515145ed1872df_70
  72. really go straight back into the exact

    Segment details3:02–3:04 · rev_ca69e349e7fdff0ff1515145ed1872df_71
  73. same stocks I had before the correction

    Segment details3:04–3:06 · rev_ca69e349e7fdff0ff1515145ed1872df_72
  74. started. So my main stocks before the

    Segment details3:06–3:08 · rev_ca69e349e7fdff0ff1515145ed1872df_73
  75. correction started were BNGO. I had about,

    Segment details3:08–3:11 · rev_ca69e349e7fdff0ff1515145ed1872df_74
  76. uh, 40% in BNGO. Then I had about 30%

    Segment details3:12–3:16 · rev_ca69e349e7fdff0ff1515145ed1872df_75
  77. in NIO, and then about 30% in

    Segment details3:17–3:21 · rev_ca69e349e7fdff0ff1515145ed1872df_76
  78. Microvision, which is this tiny little

    Segment details3:21–3:24 · rev_ca69e349e7fdff0ff1515145ed1872df_77
  79. company that no one even knows about, and

    Segment details3:24–3:26 · rev_ca69e349e7fdff0ff1515145ed1872df_78
  80. they're developing some kind of LiDAR.

    Segment details3:26–3:27 · rev_ca69e349e7fdff0ff1515145ed1872df_79
  81. And the reasons why I got Microvision was

    Segment details3:28–3:30 · rev_ca69e349e7fdff0ff1515145ed1872df_80
  82. because there's speculation that they are

    Segment details3:30–3:31 · rev_ca69e349e7fdff0ff1515145ed1872df_81
  83. developing some kind of LiDAR that some

    Segment details3:32–3:35 · rev_ca69e349e7fdff0ff1515145ed1872df_82
  84. big company like Apple, Microsoft would

    Segment details3:35–3:37 · rev_ca69e349e7fdff0ff1515145ed1872df_83
  85. want and then buy out, and then the stock

    Segment details3:37–3:38 · rev_ca69e349e7fdff0ff1515145ed1872df_84
  86. would go to the moon. And then I had BNGO

    Segment details3:39–3:42 · rev_ca69e349e7fdff0ff1515145ed1872df_85
  87. because people were speculating that

    Segment details3:42–3:43 · rev_ca69e349e7fdff0ff1515145ed1872df_86
  88. Cathie Wood was going to buy it and put it

    Segment details3:43–3:46 · rev_ca69e349e7fdff0ff1515145ed1872df_87
  89. into ARK Invest. And I had NIO because,

    Segment details3:46–3:48 · rev_ca69e349e7fdff0ff1515145ed1872df_88
  90. you know, electric vehicles I rode the

    Segment details3:48–3:51 · rev_ca69e349e7fdff0ff1515145ed1872df_89
  91. electric vehicle hype up with everyone

    Segment details3:52–3:54 · rev_ca69e349e7fdff0ff1515145ed1872df_90
  92. back in November when it was all hyped

    Segment details3:54–3:57 · rev_ca69e349e7fdff0ff1515145ed1872df_91
  93. up, but I decided not to get back into

    Segment details3:58–4:00 · rev_ca69e349e7fdff0ff1515145ed1872df_92
  94. those same stocks. I did put £1,000 back

    Segment details4:00–4:03 · rev_ca69e349e7fdff0ff1515145ed1872df_93
  95. into BNGO because I still like that stock

    Segment details4:03–4:05 · rev_ca69e349e7fdff0ff1515145ed1872df_94
  96. and I think it, it will go up a lot more.

    Segment details4:06–4:08 · rev_ca69e349e7fdff0ff1515145ed1872df_95
  97. But I've decided to change my strategy

    Segment details4:09–4:11 · rev_ca69e349e7fdff0ff1515145ed1872df_96
  98. now. I'm putting 50% of my money into

    Segment details4:11–4:14 · rev_ca69e349e7fdff0ff1515145ed1872df_97
  99. Tesla and then I'm putting the remaining

    Segment details4:14–4:17 · rev_ca69e349e7fdff0ff1515145ed1872df_98
  100. 50% into Bitcoin mining companies, which

    Segment details4:17–4:19 · rev_ca69e349e7fdff0ff1515145ed1872df_99
  101. is kind of new for me because I haven't

    Segment details4:19–4:23 · rev_ca69e349e7fdff0ff1515145ed1872df_100
  102. really been that interested in crypto,

    Segment details4:23–4:25 · rev_ca69e349e7fdff0ff1515145ed1872df_101
  103. but I've been watching Bitcoin from the

    Segment details4:25–4:27 · rev_ca69e349e7fdff0ff1515145ed1872df_102
  104. sidelines, not really getting involved

    Segment details4:28–4:29 · rev_ca69e349e7fdff0ff1515145ed1872df_103
  105. with it. And I really, really regret it

    Segment details4:29–4:31 · rev_ca69e349e7fdff0ff1515145ed1872df_104
  106. because I started investing last year and

    Segment details4:32–4:34 · rev_ca69e349e7fdff0ff1515145ed1872df_105
  107. in October, November, back when Bitcoin

    Segment details4:35–4:37 · rev_ca69e349e7fdff0ff1515145ed1872df_106
  108. was only about $11,000 or $12,000 for one

    Segment details4:37–4:39 · rev_ca69e349e7fdff0ff1515145ed1872df_107
  109. Bitcoin. And look at it now, it's over

    Segment details4:40–4:42 · rev_ca69e349e7fdff0ff1515145ed1872df_108
  110. $55,000 for one Bitcoin. It's just, it's

    Segment details4:42–4:45 · rev_ca69e349e7fdff0ff1515145ed1872df_109
  111. just crazy that if I just put all my money

    Segment details4:46–4:47 · rev_ca69e349e7fdff0ff1515145ed1872df_110
  112. into Bitcoin or Bitcoin mining stocks back

    Segment details4:47–4:51 · rev_ca69e349e7fdff0ff1515145ed1872df_111
  113. when I started investing, I could have

    Segment details4:51–4:53 · rev_ca69e349e7fdff0ff1515145ed1872df_112
  114. 5x'd my money. I could have turned my

    Segment details4:53–4:56 · rev_ca69e349e7fdff0ff1515145ed1872df_113
  115. £40,000 into £200,000.

    Segment details4:56–5:00 · rev_ca69e349e7fdff0ff1515145ed1872df_114
  116. I can't believe— ah, if only I could go

    Segment details5:00–5:02 · rev_ca69e349e7fdff0ff1515145ed1872df_115
  117. back in time and just go all in on crypto.

    Segment details5:03–5:05 · rev_ca69e349e7fdff0ff1515145ed1872df_116
  118. I could have had £200,000 right now.

    Segment details5:06–5:09 · rev_ca69e349e7fdff0ff1515145ed1872df_117
  119. That's just a crazy amount of money. And

    Segment details5:09–5:11 · rev_ca69e349e7fdff0ff1515145ed1872df_118
  120. if I put all my money into Bitcoin exactly

    Segment details5:11–5:14 · rev_ca69e349e7fdff0ff1515145ed1872df_119
  121. 1 year ago when it was only $5,000 for 1,

    Segment details5:14–5:18 · rev_ca69e349e7fdff0ff1515145ed1872df_120
  122. I could have I might even have half a

    Segment details5:18–5:20 · rev_ca69e349e7fdff0ff1515145ed1872df_121
  123. million pounds now, which is just

    Segment details5:21–5:22 · rev_ca69e349e7fdff0ff1515145ed1872df_122
  124. absolutely bonkers. So here is a picture

    Segment details5:22–5:26 · rev_ca69e349e7fdff0ff1515145ed1872df_123
  125. of my revamped, updated, brand new

    Segment details5:26–5:29 · rev_ca69e349e7fdff0ff1515145ed1872df_124
  126. portfolio. So as you can see, um, I have

    Segment details5:29–5:32 · rev_ca69e349e7fdff0ff1515145ed1872df_125
  127. Riot Blockchain, 119 shares,

    Segment details5:33–5:37 · rev_ca69e349e7fdff0ff1515145ed1872df_126
  128. and I put £5,000 in, but it's gone down a

    Segment details5:37–5:40 · rev_ca69e349e7fdff0ff1515145ed1872df_127
  129. couple hundred already, which is fine,

    Segment details5:40–5:42 · rev_ca69e349e7fdff0ff1515145ed1872df_128
  130. it's fine, it's okay, go back up shortly.

    Segment details5:42–5:44 · rev_ca69e349e7fdff0ff1515145ed1872df_129
  131. And I've got Uh, £4,000 in Tesla.

    Segment details5:45–5:48 · rev_ca69e349e7fdff0ff1515145ed1872df_130
  132. I've also got another £2,600 in Tesla on

    Segment details5:49–5:51 · rev_ca69e349e7fdff0ff1515145ed1872df_131
  133. my Trading 212 account, and I've

    Segment details5:51–5:54 · rev_ca69e349e7fdff0ff1515145ed1872df_132
  134. got £4,600 in Argo Blockchain, which is

    Segment details5:55–5:58 · rev_ca69e349e7fdff0ff1515145ed1872df_133
  135. down nearly 20%. It's not great. Uh,

    Segment details5:58–6:01 · rev_ca69e349e7fdff0ff1515145ed1872df_134
  136. the bloody CEO keeps diluting shares and

    Segment details6:01–6:04 · rev_ca69e349e7fdff0ff1515145ed1872df_135
  137. the price keeps going down. It's a little

    Segment details6:05–6:06 · rev_ca69e349e7fdff0ff1515145ed1872df_136
  138. bit annoying because Argo Blockchain

    Segment details6:06–6:09 · rev_ca69e349e7fdff0ff1515145ed1872df_137
  139. doesn't follow or trace the Bitcoin, so

    Segment details6:09–6:12 · rev_ca69e349e7fdff0ff1515145ed1872df_138
  140. when Bitcoin goes up, usually all these

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  141. Bitcoin mining stocks go up as well with

    Segment details6:14–6:17 · rev_ca69e349e7fdff0ff1515145ed1872df_140
  142. it. But Argo Blockchain doesn't do that

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  143. because it's not listed on the NASDAQ. So

    Segment details6:20–6:21 · rev_ca69e349e7fdff0ff1515145ed1872df_142
  144. I kind of regret getting Argo Blockchain,

    Segment details6:22–6:24 · rev_ca69e349e7fdff0ff1515145ed1872df_143
  145. but everyone's saying give it time. When

    Segment details6:24–6:27 · rev_ca69e349e7fdff0ff1515145ed1872df_144
  146. it gets listed on NASDAQ, it's going to

    Segment details6:27–6:29 · rev_ca69e349e7fdff0ff1515145ed1872df_145
  147. blow up, blah blah blah. I don't know,

    Segment details6:29–6:31 · rev_ca69e349e7fdff0ff1515145ed1872df_146
  148. maybe it will. Maybe I'll just sell at a

    Segment details6:31–6:33 · rev_ca69e349e7fdff0ff1515145ed1872df_147
  149. loss when it goes up a bit more. And then

    Segment details6:33–6:35 · rev_ca69e349e7fdff0ff1515145ed1872df_148
  150. finally, I've got Bionano Genomics because

    Segment details6:35–6:37 · rev_ca69e349e7fdff0ff1515145ed1872df_149
  151. I still like this stock. There's something

    Segment details6:38–6:39 · rev_ca69e349e7fdff0ff1515145ed1872df_150
  152. about it I find appealing, but I cut it

    Segment details6:39–6:42 · rev_ca69e349e7fdff0ff1515145ed1872df_151
  153. down quite a lot. I used to have about

    Segment details6:42–6:44 · rev_ca69e349e7fdff0ff1515145ed1872df_152
  154. 1,000 shares. At one point I had 2,000

    Segment details6:44–6:47 · rev_ca69e349e7fdff0ff1515145ed1872df_153
  155. shares, but I decided just to get 150

    Segment details6:47–6:50 · rev_ca69e349e7fdff0ff1515145ed1872df_154
  156. shares this time and refocus my money into

    Segment details6:50–6:54 · rev_ca69e349e7fdff0ff1515145ed1872df_155
  157. something else like Tesla because, you

    Segment details6:54–6:57 · rev_ca69e349e7fdff0ff1515145ed1872df_156
  158. know, Tesla went down loads. I bought into

    Segment details6:57–7:01 · rev_ca69e349e7fdff0ff1515145ed1872df_157
  159. Tesla at around $660. Now it's

    Segment details7:01–7:05 · rev_ca69e349e7fdff0ff1515145ed1872df_158
  160. not the absolute bottom because I was too

    Segment details7:06–7:07 · rev_ca69e349e7fdff0ff1515145ed1872df_159
  161. scared to buy when it crashed hard on

    Segment details7:08–7:10 · rev_ca69e349e7fdff0ff1515145ed1872df_160
  162. Friday. And then 2 days ago it also kind

    Segment details7:10–7:13 · rev_ca69e349e7fdff0ff1515145ed1872df_161
  163. of— well, it didn't crash hard, but it

    Segment details7:13–7:14 · rev_ca69e349e7fdff0ff1515145ed1872df_162
  164. just kind of bled out slowly. Back down to

    Segment details7:15–7:16 · rev_ca69e349e7fdff0ff1515145ed1872df_163
  165. 550, but I was feeling too scared to buy

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  166. back in. I thought, what if it keeps

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  167. crashing even more down to 400 and I

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  168. missed the, the absolute bottom? But 660

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  169. is still pretty good entry point, I think.

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  170. I used to have Tesla last year, actually

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  171. had £4,000 in Tesla and I got in around

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  172. $400, and when it got included to

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  173. the S&P 500, I sold it. At around $650.

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  174. So it's kind of like I, I'm getting back

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  175. into it from where I left it all those

    Segment details7:48–7:50 · rev_ca69e349e7fdff0ff1515145ed1872df_174
  176. months ago last year because I kind of

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  177. regret selling it. I regretted selling it

    Segment details7:53–7:55 · rev_ca69e349e7fdff0ff1515145ed1872df_176
  178. after the S&P 500 inclusion because, as

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  179. you know, Tesla went all the way up to

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  180. almost $900. So everyone knows

    Segment details8:00–8:04 · rev_ca69e349e7fdff0ff1515145ed1872df_179
  181. how high it can run. I think $660 is

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  182. pretty good entry point. And if it gets

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  183. back up to £800, then boom, that's like a

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  184. 30% gain straight away. Now I didn't go

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  185. all in just yet because I think there's

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  186. still volatility and there still could be

    Segment details8:19–8:21 · rev_ca69e349e7fdff0ff1515145ed1872df_185
  187. a little bit of danger ahead and it might

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  188. dip back down to the early £600s

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  189. again. I don't think we'll see the £500s

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  190. again, but I did keep about £4,000 in

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  191. cash just in case it does dip down and I'm

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  192. presented with another buying opportunity.

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  193. If it goes below £640-ish or

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  194. around £600, I think I'd buy more and

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  195. I would buy more Riot Blockchain. And then

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  196. on my second account, I've, I've still got

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  197. about— let me check. On my second account,

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  198. I have £6,373

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  199. in Bank of America. Now, I wanted to

    Segment details8:59–9:03 · rev_ca69e349e7fdff0ff1515145ed1872df_198
  200. keep some money in Bank of America because

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  201. I heard that inflation could rise later on

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  202. in this year. And from my research, it

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  203. says when inflation goes up, then

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  204. financial stocks like banks and

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  205. commodities like oil stocks, they benefit

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  206. and they go up. So I think having some

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  207. money in a financial stock like Bank of

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  208. America is a good idea to hedge against

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  209. inflation. But if the market crashes

    Segment details9:26–9:30 · rev_ca69e349e7fdff0ff1515145ed1872df_208
  210. even more, even harder at the end of this

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  211. week or next week and Tesla goes back down

    Segment details9:34–9:36 · rev_ca69e349e7fdff0ff1515145ed1872df_210
  212. to $500, I might do some selling and sell

    Segment details9:36–9:39 · rev_ca69e349e7fdff0ff1515145ed1872df_211
  213. this Bank of America and use that money to

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  214. get more Tesla. So yeah, it's still a bit

    Segment details9:43–9:46 · rev_ca69e349e7fdff0ff1515145ed1872df_213
  215. annoying that I've lost like 40% of my

    Segment details9:46–9:49 · rev_ca69e349e7fdff0ff1515145ed1872df_214
  216. gains and my initial investment. So I lost

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  217. about £12,000 or £13,000

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  218. of my gains, which is money in the green.

    Segment details9:57–10:00 · rev_ca69e349e7fdff0ff1515145ed1872df_217
  219. And then of my initial investment, I lost

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  220. about £3,000. That's money in the red. So

    Segment details10:03–10:06 · rev_ca69e349e7fdff0ff1515145ed1872df_219
  221. down from my initial investment of

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  222. £27,000, I'm down to £24,000

    Segment details10:09–10:13 · rev_ca69e349e7fdff0ff1515145ed1872df_221
  223. or £23,000. But down from

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  224. my, my total gains, I went from £39,000

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  225. down to about £23,000. So it's quite a

    Segment details10:21–10:24 · rev_ca69e349e7fdff0ff1515145ed1872df_224
  226. big, big drop. But I'm still optimistic.

    Segment details10:24–10:27 · rev_ca69e349e7fdff0ff1515145ed1872df_225
  227. I'm still hopeful because, well, we

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  228. dropped 40%-ish depending on which stocks

    Segment details10:30–10:34 · rev_ca69e349e7fdff0ff1515145ed1872df_227
  229. you were in when it dropped. And I dropped

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  230. about 40%. I didn't buy back in right at

    Segment details10:37–10:39 · rev_ca69e349e7fdff0ff1515145ed1872df_229
  231. the bottom. There were about 3

    Segment details10:40–10:41 · rev_ca69e349e7fdff0ff1515145ed1872df_230
  232. opportunities to buy at the very bottom,

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  233. but I was too scared to buy and I didn't

    Segment details10:44–10:46 · rev_ca69e349e7fdff0ff1515145ed1872df_232
  234. feel confident. And unfortunately, I don't

    Segment details10:46–10:48 · rev_ca69e349e7fdff0ff1515145ed1872df_233
  235. think there's going to be a 4th bottom. I

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  236. don't think the bottom— the next bottom is

    Segment details10:52–10:54 · rev_ca69e349e7fdff0ff1515145ed1872df_235
  237. not going to be as low as the previous 3

    Segment details10:54–10:56 · rev_ca69e349e7fdff0ff1515145ed1872df_236
  238. bottoms, especially the one on Friday,

    Segment details10:57–10:58 · rev_ca69e349e7fdff0ff1515145ed1872df_237
  239. which was an amazing buying opportunity if

    Segment details10:58–11:01 · rev_ca69e349e7fdff0ff1515145ed1872df_238
  240. you had the guts to buy then, which I did

    Segment details11:02–11:04 · rev_ca69e349e7fdff0ff1515145ed1872df_239
  241. not, unfortunately. So even if

    Segment details11:04–11:07 · rev_ca69e349e7fdff0ff1515145ed1872df_240
  242. everything bounces back and recovers back

    Segment details11:07–11:09 · rev_ca69e349e7fdff0ff1515145ed1872df_241
  243. to where it was before this correction

    Segment details11:10–11:11 · rev_ca69e349e7fdff0ff1515145ed1872df_242
  244. began, I'm not going to recover 40%. I'll

    Segment details11:11–11:14 · rev_ca69e349e7fdff0ff1515145ed1872df_243
  245. probably recover between 27% and 31% if

    Segment details11:15–11:18 · rev_ca69e349e7fdff0ff1515145ed1872df_244
  246. I'm lucky, if Tesla bounces back up harder

    Segment details11:19–11:21 · rev_ca69e349e7fdff0ff1515145ed1872df_245
  247. than what BNGO and Microvision and NIO

    Segment details11:22–11:25 · rev_ca69e349e7fdff0ff1515145ed1872df_246
  248. dropped by. But Tesla is a pretty good

    Segment details11:25–11:28 · rev_ca69e349e7fdff0ff1515145ed1872df_247
  249. stock. If the Nasdaq recovers a couple

    Segment details11:28–11:30 · rev_ca69e349e7fdff0ff1515145ed1872df_248
  250. percent, usually Tesla recovers 4 times.

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  251. Kind of think of Tesla as kind of like a,

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  252. a 4 or 5 times leveraged Nasdaq.

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  253. Stock. It basically does whatever the

    Segment details11:40–11:43 · rev_ca69e349e7fdff0ff1515145ed1872df_252
  254. NASDAQ does but amplified 4 or 5 times

    Segment details11:44–11:46 · rev_ca69e349e7fdff0ff1515145ed1872df_253
  255. during this correction period. So the plan

    Segment details11:47–11:50 · rev_ca69e349e7fdff0ff1515145ed1872df_254
  256. is I'm not going to do any more buying

    Segment details11:51–11:53 · rev_ca69e349e7fdff0ff1515145ed1872df_255
  257. unless the market bleeds out some more and

    Segment details11:53–11:57 · rev_ca69e349e7fdff0ff1515145ed1872df_256
  258. I get another buying opportunity for Tesla

    Segment details11:57–11:59 · rev_ca69e349e7fdff0ff1515145ed1872df_257
  259. in the $500s. And yeah, that's my plan.

    Segment details11:59–12:03 · rev_ca69e349e7fdff0ff1515145ed1872df_258
  260. My plan is to try not to touch it anymore.

    Segment details12:03–12:05 · rev_ca69e349e7fdff0ff1515145ed1872df_259
  261. My eToro account is, um,

    Segment details12:06–12:09 · rev_ca69e349e7fdff0ff1515145ed1872df_260
  262. It also got hit pretty hard, but not as

    Segment details12:10–12:11 · rev_ca69e349e7fdff0ff1515145ed1872df_261
  263. hard as my main accounts. My eToro account

    Segment details12:11–12:15 · rev_ca69e349e7fdff0ff1515145ed1872df_262
  264. consisted of 60% copy trades from 2 people

    Segment details12:15–12:18 · rev_ca69e349e7fdff0ff1515145ed1872df_263
  265. who have a pretty good diverse portfolio

    Segment details12:19–12:22 · rev_ca69e349e7fdff0ff1515145ed1872df_264
  266. that didn't really take too much of a hit

    Segment details12:22–12:24 · rev_ca69e349e7fdff0ff1515145ed1872df_265
  267. during this time, not as much as mine did.

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  268. And then the remaining 30% of my eToro

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  269. account is in ARK Invest, which, as you

    Segment details12:32–12:34 · rev_ca69e349e7fdff0ff1515145ed1872df_268
  270. probably know, took a massive hit. ARK

    Segment details12:35–12:37 · rev_ca69e349e7fdff0ff1515145ed1872df_269
  271. Invest ETFs really took the biggest hits

    Segment details12:38–12:40 · rev_ca69e349e7fdff0ff1515145ed1872df_270
  272. out of all of it. But Cathie Wood has been

    Segment details12:40–12:42 · rev_ca69e349e7fdff0ff1515145ed1872df_271
  273. buying very heavily in these dips, so

    Segment details12:42–12:45 · rev_ca69e349e7fdff0ff1515145ed1872df_272
  274. hopefully when everything recovers, my ARK

    Segment details12:45–12:47 · rev_ca69e349e7fdff0ff1515145ed1872df_273
  275. Invest portfolio is gonna rebound better

    Segment details12:48–12:51 · rev_ca69e349e7fdff0ff1515145ed1872df_274
  276. than my other ones. Not really worried

    Segment details12:51–12:54 · rev_ca69e349e7fdff0ff1515145ed1872df_275
  277. about my eToro portfolio because it's not

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  278. really managed by me. I just let the copy

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  279. traders manage it, and I let Cathie Wood

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  280. manage it, and I don't really feel like

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  281. I'm involved, so I'm not really worried

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  282. about it. But I think Bitcoin is going to

    Segment details13:06–13:09 · rev_ca69e349e7fdff0ff1515145ed1872df_281
  283. do pretty well this year. I think it's

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  284. going to hit $60,000 or $70,000 after

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  285. spring, during summer, and my Bitcoin

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  286. mining stocks are going to do very well

    Segment details13:17–13:18 · rev_ca69e349e7fdff0ff1515145ed1872df_285
  287. from that. And I think Tesla is just going

    Segment details13:18–13:20 · rev_ca69e349e7fdff0ff1515145ed1872df_286
  288. to carry on going up. I think it won't

    Segment details13:21–13:22 · rev_ca69e349e7fdff0ff1515145ed1872df_287
  289. take too much time to get back to the

    Segment details13:23–13:24 · rev_ca69e349e7fdff0ff1515145ed1872df_288
  290. $800s, and then after that, who knows?

    Segment details13:24–13:27 · rev_ca69e349e7fdff0ff1515145ed1872df_289
  291. Maybe it's going to hit $900, maybe it's

    Segment details13:27–13:29 · rev_ca69e349e7fdff0ff1515145ed1872df_290
  292. going to hit $1,000, but But I'm really

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  293. going to try not to touch my profile, my

    Segment details13:31–13:34 · rev_ca69e349e7fdff0ff1515145ed1872df_292
  294. portfolio, because I just want to kind of

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  295. let it do its thing and stop selling and

    Segment details13:38–13:41 · rev_ca69e349e7fdff0ff1515145ed1872df_294
  296. stop trying to time the market and just

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  297. leave it. I think one of my main problems

    Segment details13:43–13:46 · rev_ca69e349e7fdff0ff1515145ed1872df_296
  298. is I can't stop fiddling with my portfolio

    Segment details13:46–13:50 · rev_ca69e349e7fdff0ff1515145ed1872df_297
  299. and I keep trying to, I keep trying to

    Segment details13:51–13:52 · rev_ca69e349e7fdff0ff1515145ed1872df_298
  300. sell when it's going down. I keep trying

    Segment details13:53–13:54 · rev_ca69e349e7fdff0ff1515145ed1872df_299
  301. to buy the dips and I keep trying to time

    Segment details13:54–13:56 · rev_ca69e349e7fdff0ff1515145ed1872df_300
  302. the bottom. And you know what they say,

    Segment details13:56–13:58 · rev_ca69e349e7fdff0ff1515145ed1872df_301
  303. it's not really a very good idea to try

    Segment details13:58–14:01 · rev_ca69e349e7fdff0ff1515145ed1872df_302
  304. and time the market, but there's, there's

    Segment details14:01–14:03 · rev_ca69e349e7fdff0ff1515145ed1872df_303
  305. just something about me that I can't

    Segment details14:04–14:06 · rev_ca69e349e7fdff0ff1515145ed1872df_304
  306. resist trying to time it because it just

    Segment details14:06–14:09 · rev_ca69e349e7fdff0ff1515145ed1872df_305
  307. seems like it's not that hard, you know,

    Segment details14:09–14:11 · rev_ca69e349e7fdff0ff1515145ed1872df_306
  308. just buy when it stops dropping and then

    Segment details14:11–14:14 · rev_ca69e349e7fdff0ff1515145ed1872df_307
  309. sell when it's gone higher. But it's not

    Segment details14:14–14:17 · rev_ca69e349e7fdff0ff1515145ed1872df_308
  310. really as simple as that. Anyway, that's

    Segment details14:17–14:20 · rev_ca69e349e7fdff0ff1515145ed1872df_309
  311. my plan moving ahead. Hopefully the rest

    Segment details14:20–14:22 · rev_ca69e349e7fdff0ff1515145ed1872df_310
  312. of this week isn't too isn't too red. Or

    Segment details14:23–14:25 · rev_ca69e349e7fdff0ff1515145ed1872df_311
  313. actually, I don't know, actually maybe I

    Segment details14:26–14:27 · rev_ca69e349e7fdff0ff1515145ed1872df_312
  314. do want it to crash again so I can use the

    Segment details14:28–14:30 · rev_ca69e349e7fdff0ff1515145ed1872df_313
  315. remaining remainder of my money to get

    Segment details14:30–14:33 · rev_ca69e349e7fdff0ff1515145ed1872df_314
  316. more Tesla and I can sell Bank of America.

    Segment details14:33–14:35 · rev_ca69e349e7fdff0ff1515145ed1872df_315
  317. The good thing about Bank of America is

    Segment details14:35–14:37 · rev_ca69e349e7fdff0ff1515145ed1872df_316
  318. it's weird, when all of the stocks were

    Segment details14:38–14:40 · rev_ca69e349e7fdff0ff1515145ed1872df_317
  319. going down, the tech stocks and the growth

    Segment details14:41–14:42 · rev_ca69e349e7fdff0ff1515145ed1872df_318
  320. stocks were going down and the treasury

    Segment details14:42–14:44 · rev_ca69e349e7fdff0ff1515145ed1872df_319
  321. bond yields were going up, the bank stocks

    Segment details14:44–14:47 · rev_ca69e349e7fdff0ff1515145ed1872df_320
  322. also going up. So it's kind of a win-win.

    Segment details14:47–14:49 · rev_ca69e349e7fdff0ff1515145ed1872df_321
  323. If the bond yields start going up again

    Segment details14:49–14:50 · rev_ca69e349e7fdff0ff1515145ed1872df_322
  324. and my new stocks go down, well, my bank

    Segment details14:51–14:53 · rev_ca69e349e7fdff0ff1515145ed1872df_323
  325. stock's going to go up, so I can sell the

    Segment details14:54–14:55 · rev_ca69e349e7fdff0ff1515145ed1872df_324
  326. bank bank stocks for more money and then

    Segment details14:56–14:57 · rev_ca69e349e7fdff0ff1515145ed1872df_325
  327. put that money into more Tesla, which will

    Segment details14:57–14:59 · rev_ca69e349e7fdff0ff1515145ed1872df_326
  328. be at a buying opportunity again.

    Segment details14:59–15:02 · rev_ca69e349e7fdff0ff1515145ed1872df_327
  329. But then if the reverse happens and the

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  330. tech stocks carry on rallying, then I've

    Segment details15:06–15:09 · rev_ca69e349e7fdff0ff1515145ed1872df_329
  331. made a good decision and I can get my

    Segment details15:09–15:11 · rev_ca69e349e7fdff0ff1515145ed1872df_330
  332. gains back, and then I'll still have

    Segment details15:11–15:12 · rev_ca69e349e7fdff0ff1515145ed1872df_331
  333. £3,000, £4,000 in cash just in case

    Segment details15:13–15:16 · rev_ca69e349e7fdff0ff1515145ed1872df_332
  334. something else happens in the future. So

    Segment details15:17–15:18 · rev_ca69e349e7fdff0ff1515145ed1872df_333
  335. yeah, that's my plan. If it drops again,

    Segment details15:19–15:20 · rev_ca69e349e7fdff0ff1515145ed1872df_334
  336. it's fine. If it doesn't drop again, then

    Segment details15:20–15:23 · rev_ca69e349e7fdff0ff1515145ed1872df_335
  337. that's also fine.

    Segment details15:23–15:23 · rev_ca69e349e7fdff0ff1515145ed1872df_336