Recording
The stock market crash of 2021 is OVER -)
2021-03-10 · 16 min
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- rev_ca69e349e7fdff0ff1515145ed1872dfMachine-generated and unreviewed; may be wrong; not a verified quotation.enraw_asractive337 segments
Transcript
Hello and welcome back to a new video
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0:01–0:04 · rev_ca69e349e7fdff0ff1515145ed1872df_0about the stock market. So I think things
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0:04–0:06 · rev_ca69e349e7fdff0ff1515145ed1872df_1are getting better. I think it's safe. I
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0:06–0:08 · rev_ca69e349e7fdff0ff1515145ed1872df_2think the great bleed or this big
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0:08–0:11 · rev_ca69e349e7fdff0ff1515145ed1872df_3correction, the market crash of 2021, is
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0:11–0:14 · rev_ca69e349e7fdff0ff1515145ed1872df_4pretty much over. So why is it over and
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0:15–0:17 · rev_ca69e349e7fdff0ff1515145ed1872df_5why did it begin in the first place? So
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0:17–0:19 · rev_ca69e349e7fdff0ff1515145ed1872df_6the whole thing is all about something
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0:19–0:21 · rev_ca69e349e7fdff0ff1515145ed1872df_7really, really silly. It's called the
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0:22–0:24 · rev_ca69e349e7fdff0ff1515145ed1872df_8Treasury bond auctions.
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0:24–0:26 · rev_ca69e349e7fdff0ff1515145ed1872df_9And 4 weeks ago, because there was a spike
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0:27–0:30 · rev_ca69e349e7fdff0ff1515145ed1872df_10in the interest rates of Treasury bonds,
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0:30–0:32 · rev_ca69e349e7fdff0ff1515145ed1872df_11it caused stocks to go down. And today was
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0:32–0:36 · rev_ca69e349e7fdff0ff1515145ed1872df_12actually the 2nd day of Treasury auctions.
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0:36–0:38 · rev_ca69e349e7fdff0ff1515145ed1872df_13Yesterday they did the 3-year Treasury
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0:38–0:40 · rev_ca69e349e7fdff0ff1515145ed1872df_14auction. But the main problem, the main
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0:40–0:43 · rev_ca69e349e7fdff0ff1515145ed1872df_15thing that was making everyone worried
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0:43–0:44 · rev_ca69e349e7fdff0ff1515145ed1872df_16about the stock market, was the 10-year
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0:44–0:46 · rev_ca69e349e7fdff0ff1515145ed1872df_17Treasury auction. And that was today, and
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0:47–0:49 · rev_ca69e349e7fdff0ff1515145ed1872df_18it's finished, and everything was fine.
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0:49–0:50 · rev_ca69e349e7fdff0ff1515145ed1872df_19Apparently they got a bunch of Japanese
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0:50–0:53 · rev_ca69e349e7fdff0ff1515145ed1872df_20people to buy loads of the Treasury
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0:53–0:55 · rev_ca69e349e7fdff0ff1515145ed1872df_21auctions. And the bond yield
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0:55–0:58 · rev_ca69e349e7fdff0ff1515145ed1872df_22of the 10-year Treasury auction was
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0:58–1:00 · rev_ca69e349e7fdff0ff1515145ed1872df_23stabilized around 1.5%, didn't go over
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1:00–1:03 · rev_ca69e349e7fdff0ff1515145ed1872df_241.6%. And it seems like, uh,
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1:03–1:06 · rev_ca69e349e7fdff0ff1515145ed1872df_25stocks started to rally yesterday big
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1:07–1:10 · rev_ca69e349e7fdff0ff1515145ed1872df_26time, big time rally yesterday. And then
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1:10–1:12 · rev_ca69e349e7fdff0ff1515145ed1872df_27today there's also a big rally in the
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1:13–1:14 · rev_ca69e349e7fdff0ff1515145ed1872df_28morning, and then it just kind of went
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1:14–1:16 · rev_ca69e349e7fdff0ff1515145ed1872df_29sideways, flattened out, not really
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1:17–1:19 · rev_ca69e349e7fdff0ff1515145ed1872df_30anything um,
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1:19–1:21 · rev_ca69e349e7fdff0ff1515145ed1872df_31crash-worthy happening today or yesterday.
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1:22–1:24 · rev_ca69e349e7fdff0ff1515145ed1872df_32And yeah, that leads me to believe that
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1:25–1:28 · rev_ca69e349e7fdff0ff1515145ed1872df_33this correction is probably over. I think
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1:29–1:32 · rev_ca69e349e7fdff0ff1515145ed1872df_34we've survived the worst of it, and I
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1:32–1:34 · rev_ca69e349e7fdff0ff1515145ed1872df_35think from now on there might still be a
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1:35–1:36 · rev_ca69e349e7fdff0ff1515145ed1872df_36bit of volatility, but from now on I think
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1:36–1:39 · rev_ca69e349e7fdff0ff1515145ed1872df_37that it's safe to start buying back into
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1:39–1:42 · rev_ca69e349e7fdff0ff1515145ed1872df_38your stocks if you sold out like I did.
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1:42–1:43 · rev_ca69e349e7fdff0ff1515145ed1872df_39Now according to what most analysts are
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1:44–1:46 · rev_ca69e349e7fdff0ff1515145ed1872df_40saying, most of them are saying that this
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1:46–1:48 · rev_ca69e349e7fdff0ff1515145ed1872df_41little correction once it passes, there is
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1:48–1:50 · rev_ca69e349e7fdff0ff1515145ed1872df_42going to be another rally, a continuation
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1:51–1:53 · rev_ca69e349e7fdff0ff1515145ed1872df_43of the bull market, one final last massive
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1:53–1:57 · rev_ca69e349e7fdff0ff1515145ed1872df_44surge for this year. And then after we've
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1:57–1:59 · rev_ca69e349e7fdff0ff1515145ed1872df_45had this little surge, then we're going to
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1:59–2:01 · rev_ca69e349e7fdff0ff1515145ed1872df_46be in for probably a much bigger
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2:02–2:05 · rev_ca69e349e7fdff0ff1515145ed1872df_47correction that could happen at the end of
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2:05–2:06 · rev_ca69e349e7fdff0ff1515145ed1872df_48this year. So be very, very careful.
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2:07–2:09 · rev_ca69e349e7fdff0ff1515145ed1872df_49So if you watched my last video, you may
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2:10–2:12 · rev_ca69e349e7fdff0ff1515145ed1872df_50know that I sold out of my main stocks,
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2:12–2:15 · rev_ca69e349e7fdff0ff1515145ed1872df_51my genomics, my EVs, and my tech stocks.
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2:15–2:20 · rev_ca69e349e7fdff0ff1515145ed1872df_52I sold them all because because I didn't
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2:20–2:21 · rev_ca69e349e7fdff0ff1515145ed1872df_53want to carry on watching them go down. I
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2:22–2:23 · rev_ca69e349e7fdff0ff1515145ed1872df_54didn't want to carry on losing money. And
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2:24–2:25 · rev_ca69e349e7fdff0ff1515145ed1872df_55I really don't believe in the whole you
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2:25–2:27 · rev_ca69e349e7fdff0ff1515145ed1872df_56buy and you hold, you never sell, you only
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2:27–2:29 · rev_ca69e349e7fdff0ff1515145ed1872df_57lose money if you sell. No, you lose money
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2:29–2:31 · rev_ca69e349e7fdff0ff1515145ed1872df_58if you sell— I mean, you lose money if you
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2:31–2:34 · rev_ca69e349e7fdff0ff1515145ed1872df_59hold and the stock keeps going down and
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2:34–2:36 · rev_ca69e349e7fdff0ff1515145ed1872df_60then you don't feel confident that it's
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2:36–2:38 · rev_ca69e349e7fdff0ff1515145ed1872df_61going to go back up. So I decided to sell
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2:38–2:40 · rev_ca69e349e7fdff0ff1515145ed1872df_62and then buy back in at a lower point.
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2:41–2:43 · rev_ca69e349e7fdff0ff1515145ed1872df_63And whilst I was waiting, I put all my
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2:43–2:44 · rev_ca69e349e7fdff0ff1515145ed1872df_64money into safe stocks like oil and banks.
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2:45–2:47 · rev_ca69e349e7fdff0ff1515145ed1872df_65Well, today I felt confident enough to
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2:47–2:49 · rev_ca69e349e7fdff0ff1515145ed1872df_66take my money back out of oil and banks.
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2:50–2:52 · rev_ca69e349e7fdff0ff1515145ed1872df_67I sold all my oil and bank stocks, and I
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2:52–2:56 · rev_ca69e349e7fdff0ff1515145ed1872df_68finally started putting it back slowly
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2:56–2:58 · rev_ca69e349e7fdff0ff1515145ed1872df_69into some new tech stocks. So I didn't
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2:59–3:02 · rev_ca69e349e7fdff0ff1515145ed1872df_70really go straight back into the exact
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3:02–3:04 · rev_ca69e349e7fdff0ff1515145ed1872df_71same stocks I had before the correction
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3:04–3:06 · rev_ca69e349e7fdff0ff1515145ed1872df_72started. So my main stocks before the
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3:06–3:08 · rev_ca69e349e7fdff0ff1515145ed1872df_73correction started were BNGO. I had about,
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3:08–3:11 · rev_ca69e349e7fdff0ff1515145ed1872df_74uh, 40% in BNGO. Then I had about 30%
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3:12–3:16 · rev_ca69e349e7fdff0ff1515145ed1872df_75in NIO, and then about 30% in
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3:17–3:21 · rev_ca69e349e7fdff0ff1515145ed1872df_76Microvision, which is this tiny little
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3:21–3:24 · rev_ca69e349e7fdff0ff1515145ed1872df_77company that no one even knows about, and
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3:24–3:26 · rev_ca69e349e7fdff0ff1515145ed1872df_78they're developing some kind of LiDAR.
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3:26–3:27 · rev_ca69e349e7fdff0ff1515145ed1872df_79And the reasons why I got Microvision was
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3:28–3:30 · rev_ca69e349e7fdff0ff1515145ed1872df_80because there's speculation that they are
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3:30–3:31 · rev_ca69e349e7fdff0ff1515145ed1872df_81developing some kind of LiDAR that some
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3:32–3:35 · rev_ca69e349e7fdff0ff1515145ed1872df_82big company like Apple, Microsoft would
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3:35–3:37 · rev_ca69e349e7fdff0ff1515145ed1872df_83want and then buy out, and then the stock
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3:37–3:38 · rev_ca69e349e7fdff0ff1515145ed1872df_84would go to the moon. And then I had BNGO
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3:39–3:42 · rev_ca69e349e7fdff0ff1515145ed1872df_85because people were speculating that
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3:42–3:43 · rev_ca69e349e7fdff0ff1515145ed1872df_86Cathie Wood was going to buy it and put it
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3:43–3:46 · rev_ca69e349e7fdff0ff1515145ed1872df_87into ARK Invest. And I had NIO because,
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3:46–3:48 · rev_ca69e349e7fdff0ff1515145ed1872df_88you know, electric vehicles I rode the
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3:48–3:51 · rev_ca69e349e7fdff0ff1515145ed1872df_89electric vehicle hype up with everyone
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3:52–3:54 · rev_ca69e349e7fdff0ff1515145ed1872df_90back in November when it was all hyped
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3:54–3:57 · rev_ca69e349e7fdff0ff1515145ed1872df_91up, but I decided not to get back into
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3:58–4:00 · rev_ca69e349e7fdff0ff1515145ed1872df_92those same stocks. I did put £1,000 back
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4:00–4:03 · rev_ca69e349e7fdff0ff1515145ed1872df_93into BNGO because I still like that stock
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4:03–4:05 · rev_ca69e349e7fdff0ff1515145ed1872df_94and I think it, it will go up a lot more.
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4:06–4:08 · rev_ca69e349e7fdff0ff1515145ed1872df_95But I've decided to change my strategy
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4:09–4:11 · rev_ca69e349e7fdff0ff1515145ed1872df_96now. I'm putting 50% of my money into
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4:11–4:14 · rev_ca69e349e7fdff0ff1515145ed1872df_97Tesla and then I'm putting the remaining
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4:14–4:17 · rev_ca69e349e7fdff0ff1515145ed1872df_9850% into Bitcoin mining companies, which
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4:17–4:19 · rev_ca69e349e7fdff0ff1515145ed1872df_99is kind of new for me because I haven't
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4:19–4:23 · rev_ca69e349e7fdff0ff1515145ed1872df_100really been that interested in crypto,
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4:23–4:25 · rev_ca69e349e7fdff0ff1515145ed1872df_101but I've been watching Bitcoin from the
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4:25–4:27 · rev_ca69e349e7fdff0ff1515145ed1872df_102sidelines, not really getting involved
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4:28–4:29 · rev_ca69e349e7fdff0ff1515145ed1872df_103with it. And I really, really regret it
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4:29–4:31 · rev_ca69e349e7fdff0ff1515145ed1872df_104because I started investing last year and
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4:32–4:34 · rev_ca69e349e7fdff0ff1515145ed1872df_105in October, November, back when Bitcoin
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4:35–4:37 · rev_ca69e349e7fdff0ff1515145ed1872df_106was only about $11,000 or $12,000 for one
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4:37–4:39 · rev_ca69e349e7fdff0ff1515145ed1872df_107Bitcoin. And look at it now, it's over
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4:40–4:42 · rev_ca69e349e7fdff0ff1515145ed1872df_108$55,000 for one Bitcoin. It's just, it's
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4:42–4:45 · rev_ca69e349e7fdff0ff1515145ed1872df_109just crazy that if I just put all my money
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4:46–4:47 · rev_ca69e349e7fdff0ff1515145ed1872df_110into Bitcoin or Bitcoin mining stocks back
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4:47–4:51 · rev_ca69e349e7fdff0ff1515145ed1872df_111when I started investing, I could have
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4:51–4:53 · rev_ca69e349e7fdff0ff1515145ed1872df_1125x'd my money. I could have turned my
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4:53–4:56 · rev_ca69e349e7fdff0ff1515145ed1872df_113£40,000 into £200,000.
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4:56–5:00 · rev_ca69e349e7fdff0ff1515145ed1872df_114I can't believe— ah, if only I could go
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5:00–5:02 · rev_ca69e349e7fdff0ff1515145ed1872df_115back in time and just go all in on crypto.
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5:03–5:05 · rev_ca69e349e7fdff0ff1515145ed1872df_116I could have had £200,000 right now.
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5:06–5:09 · rev_ca69e349e7fdff0ff1515145ed1872df_117That's just a crazy amount of money. And
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5:09–5:11 · rev_ca69e349e7fdff0ff1515145ed1872df_118if I put all my money into Bitcoin exactly
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5:11–5:14 · rev_ca69e349e7fdff0ff1515145ed1872df_1191 year ago when it was only $5,000 for 1,
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5:14–5:18 · rev_ca69e349e7fdff0ff1515145ed1872df_120I could have I might even have half a
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5:18–5:20 · rev_ca69e349e7fdff0ff1515145ed1872df_121million pounds now, which is just
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5:21–5:22 · rev_ca69e349e7fdff0ff1515145ed1872df_122absolutely bonkers. So here is a picture
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5:22–5:26 · rev_ca69e349e7fdff0ff1515145ed1872df_123of my revamped, updated, brand new
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5:26–5:29 · rev_ca69e349e7fdff0ff1515145ed1872df_124portfolio. So as you can see, um, I have
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5:29–5:32 · rev_ca69e349e7fdff0ff1515145ed1872df_125Riot Blockchain, 119 shares,
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5:33–5:37 · rev_ca69e349e7fdff0ff1515145ed1872df_126and I put £5,000 in, but it's gone down a
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5:37–5:40 · rev_ca69e349e7fdff0ff1515145ed1872df_127couple hundred already, which is fine,
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5:40–5:42 · rev_ca69e349e7fdff0ff1515145ed1872df_128it's fine, it's okay, go back up shortly.
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5:42–5:44 · rev_ca69e349e7fdff0ff1515145ed1872df_129And I've got Uh, £4,000 in Tesla.
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5:45–5:48 · rev_ca69e349e7fdff0ff1515145ed1872df_130I've also got another £2,600 in Tesla on
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5:49–5:51 · rev_ca69e349e7fdff0ff1515145ed1872df_131my Trading 212 account, and I've
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5:51–5:54 · rev_ca69e349e7fdff0ff1515145ed1872df_132got £4,600 in Argo Blockchain, which is
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5:55–5:58 · rev_ca69e349e7fdff0ff1515145ed1872df_133down nearly 20%. It's not great. Uh,
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5:58–6:01 · rev_ca69e349e7fdff0ff1515145ed1872df_134the bloody CEO keeps diluting shares and
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6:01–6:04 · rev_ca69e349e7fdff0ff1515145ed1872df_135the price keeps going down. It's a little
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6:05–6:06 · rev_ca69e349e7fdff0ff1515145ed1872df_136bit annoying because Argo Blockchain
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6:06–6:09 · rev_ca69e349e7fdff0ff1515145ed1872df_137doesn't follow or trace the Bitcoin, so
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6:09–6:12 · rev_ca69e349e7fdff0ff1515145ed1872df_138when Bitcoin goes up, usually all these
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6:12–6:14 · rev_ca69e349e7fdff0ff1515145ed1872df_139Bitcoin mining stocks go up as well with
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6:14–6:17 · rev_ca69e349e7fdff0ff1515145ed1872df_140it. But Argo Blockchain doesn't do that
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6:17–6:19 · rev_ca69e349e7fdff0ff1515145ed1872df_141because it's not listed on the NASDAQ. So
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6:20–6:21 · rev_ca69e349e7fdff0ff1515145ed1872df_142I kind of regret getting Argo Blockchain,
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6:22–6:24 · rev_ca69e349e7fdff0ff1515145ed1872df_143but everyone's saying give it time. When
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6:24–6:27 · rev_ca69e349e7fdff0ff1515145ed1872df_144it gets listed on NASDAQ, it's going to
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6:27–6:29 · rev_ca69e349e7fdff0ff1515145ed1872df_145blow up, blah blah blah. I don't know,
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6:29–6:31 · rev_ca69e349e7fdff0ff1515145ed1872df_146maybe it will. Maybe I'll just sell at a
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6:31–6:33 · rev_ca69e349e7fdff0ff1515145ed1872df_147loss when it goes up a bit more. And then
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6:33–6:35 · rev_ca69e349e7fdff0ff1515145ed1872df_148finally, I've got Bionano Genomics because
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6:35–6:37 · rev_ca69e349e7fdff0ff1515145ed1872df_149I still like this stock. There's something
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6:38–6:39 · rev_ca69e349e7fdff0ff1515145ed1872df_150about it I find appealing, but I cut it
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6:39–6:42 · rev_ca69e349e7fdff0ff1515145ed1872df_151down quite a lot. I used to have about
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6:42–6:44 · rev_ca69e349e7fdff0ff1515145ed1872df_1521,000 shares. At one point I had 2,000
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6:44–6:47 · rev_ca69e349e7fdff0ff1515145ed1872df_153shares, but I decided just to get 150
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6:47–6:50 · rev_ca69e349e7fdff0ff1515145ed1872df_154shares this time and refocus my money into
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6:50–6:54 · rev_ca69e349e7fdff0ff1515145ed1872df_155something else like Tesla because, you
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6:54–6:57 · rev_ca69e349e7fdff0ff1515145ed1872df_156know, Tesla went down loads. I bought into
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6:57–7:01 · rev_ca69e349e7fdff0ff1515145ed1872df_157Tesla at around $660. Now it's
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7:01–7:05 · rev_ca69e349e7fdff0ff1515145ed1872df_158not the absolute bottom because I was too
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7:06–7:07 · rev_ca69e349e7fdff0ff1515145ed1872df_159scared to buy when it crashed hard on
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7:08–7:10 · rev_ca69e349e7fdff0ff1515145ed1872df_160Friday. And then 2 days ago it also kind
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7:10–7:13 · rev_ca69e349e7fdff0ff1515145ed1872df_161of— well, it didn't crash hard, but it
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7:13–7:14 · rev_ca69e349e7fdff0ff1515145ed1872df_162just kind of bled out slowly. Back down to
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7:15–7:16 · rev_ca69e349e7fdff0ff1515145ed1872df_163550, but I was feeling too scared to buy
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7:17–7:19 · rev_ca69e349e7fdff0ff1515145ed1872df_164back in. I thought, what if it keeps
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7:19–7:21 · rev_ca69e349e7fdff0ff1515145ed1872df_165crashing even more down to 400 and I
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7:22–7:24 · rev_ca69e349e7fdff0ff1515145ed1872df_166missed the, the absolute bottom? But 660
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7:24–7:28 · rev_ca69e349e7fdff0ff1515145ed1872df_167is still pretty good entry point, I think.
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7:28–7:31 · rev_ca69e349e7fdff0ff1515145ed1872df_168I used to have Tesla last year, actually
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7:31–7:34 · rev_ca69e349e7fdff0ff1515145ed1872df_169had £4,000 in Tesla and I got in around
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7:34–7:36 · rev_ca69e349e7fdff0ff1515145ed1872df_170$400, and when it got included to
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7:37–7:40 · rev_ca69e349e7fdff0ff1515145ed1872df_171the S&P 500, I sold it. At around $650.
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7:41–7:44 · rev_ca69e349e7fdff0ff1515145ed1872df_172So it's kind of like I, I'm getting back
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7:45–7:48 · rev_ca69e349e7fdff0ff1515145ed1872df_173into it from where I left it all those
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7:48–7:50 · rev_ca69e349e7fdff0ff1515145ed1872df_174months ago last year because I kind of
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7:51–7:53 · rev_ca69e349e7fdff0ff1515145ed1872df_175regret selling it. I regretted selling it
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7:53–7:55 · rev_ca69e349e7fdff0ff1515145ed1872df_176after the S&P 500 inclusion because, as
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7:55–7:58 · rev_ca69e349e7fdff0ff1515145ed1872df_177you know, Tesla went all the way up to
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7:58–8:00 · rev_ca69e349e7fdff0ff1515145ed1872df_178almost $900. So everyone knows
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8:00–8:04 · rev_ca69e349e7fdff0ff1515145ed1872df_179how high it can run. I think $660 is
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8:04–8:08 · rev_ca69e349e7fdff0ff1515145ed1872df_180pretty good entry point. And if it gets
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8:08–8:10 · rev_ca69e349e7fdff0ff1515145ed1872df_181back up to £800, then boom, that's like a
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8:11–8:12 · rev_ca69e349e7fdff0ff1515145ed1872df_18230% gain straight away. Now I didn't go
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8:13–8:16 · rev_ca69e349e7fdff0ff1515145ed1872df_183all in just yet because I think there's
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8:16–8:18 · rev_ca69e349e7fdff0ff1515145ed1872df_184still volatility and there still could be
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8:19–8:21 · rev_ca69e349e7fdff0ff1515145ed1872df_185a little bit of danger ahead and it might
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8:21–8:22 · rev_ca69e349e7fdff0ff1515145ed1872df_186dip back down to the early £600s
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8:23–8:26 · rev_ca69e349e7fdff0ff1515145ed1872df_187again. I don't think we'll see the £500s
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8:26–8:29 · rev_ca69e349e7fdff0ff1515145ed1872df_188again, but I did keep about £4,000 in
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8:29–8:32 · rev_ca69e349e7fdff0ff1515145ed1872df_189cash just in case it does dip down and I'm
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8:32–8:36 · rev_ca69e349e7fdff0ff1515145ed1872df_190presented with another buying opportunity.
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8:36–8:38 · rev_ca69e349e7fdff0ff1515145ed1872df_191If it goes below £640-ish or
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8:38–8:42 · rev_ca69e349e7fdff0ff1515145ed1872df_192around £600, I think I'd buy more and
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8:42–8:46 · rev_ca69e349e7fdff0ff1515145ed1872df_193I would buy more Riot Blockchain. And then
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8:46–8:49 · rev_ca69e349e7fdff0ff1515145ed1872df_194on my second account, I've, I've still got
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8:50–8:52 · rev_ca69e349e7fdff0ff1515145ed1872df_195about— let me check. On my second account,
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8:52–8:55 · rev_ca69e349e7fdff0ff1515145ed1872df_196I have £6,373
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8:55–8:59 · rev_ca69e349e7fdff0ff1515145ed1872df_197in Bank of America. Now, I wanted to
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8:59–9:03 · rev_ca69e349e7fdff0ff1515145ed1872df_198keep some money in Bank of America because
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9:03–9:06 · rev_ca69e349e7fdff0ff1515145ed1872df_199I heard that inflation could rise later on
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9:06–9:09 · rev_ca69e349e7fdff0ff1515145ed1872df_200in this year. And from my research, it
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9:09–9:12 · rev_ca69e349e7fdff0ff1515145ed1872df_201says when inflation goes up, then
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9:12–9:14 · rev_ca69e349e7fdff0ff1515145ed1872df_202financial stocks like banks and
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9:14–9:16 · rev_ca69e349e7fdff0ff1515145ed1872df_203commodities like oil stocks, they benefit
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9:17–9:19 · rev_ca69e349e7fdff0ff1515145ed1872df_204and they go up. So I think having some
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9:20–9:21 · rev_ca69e349e7fdff0ff1515145ed1872df_205money in a financial stock like Bank of
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9:22–9:24 · rev_ca69e349e7fdff0ff1515145ed1872df_206America is a good idea to hedge against
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9:24–9:26 · rev_ca69e349e7fdff0ff1515145ed1872df_207inflation. But if the market crashes
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9:26–9:30 · rev_ca69e349e7fdff0ff1515145ed1872df_208even more, even harder at the end of this
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9:30–9:34 · rev_ca69e349e7fdff0ff1515145ed1872df_209week or next week and Tesla goes back down
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9:34–9:36 · rev_ca69e349e7fdff0ff1515145ed1872df_210to $500, I might do some selling and sell
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9:36–9:39 · rev_ca69e349e7fdff0ff1515145ed1872df_211this Bank of America and use that money to
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9:40–9:43 · rev_ca69e349e7fdff0ff1515145ed1872df_212get more Tesla. So yeah, it's still a bit
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9:43–9:46 · rev_ca69e349e7fdff0ff1515145ed1872df_213annoying that I've lost like 40% of my
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9:46–9:49 · rev_ca69e349e7fdff0ff1515145ed1872df_214gains and my initial investment. So I lost
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9:49–9:52 · rev_ca69e349e7fdff0ff1515145ed1872df_215about £12,000 or £13,000
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9:53–9:57 · rev_ca69e349e7fdff0ff1515145ed1872df_216of my gains, which is money in the green.
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9:57–10:00 · rev_ca69e349e7fdff0ff1515145ed1872df_217And then of my initial investment, I lost
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10:00–10:02 · rev_ca69e349e7fdff0ff1515145ed1872df_218about £3,000. That's money in the red. So
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10:03–10:06 · rev_ca69e349e7fdff0ff1515145ed1872df_219down from my initial investment of
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10:07–10:09 · rev_ca69e349e7fdff0ff1515145ed1872df_220£27,000, I'm down to £24,000
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10:09–10:13 · rev_ca69e349e7fdff0ff1515145ed1872df_221or £23,000. But down from
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10:13–10:17 · rev_ca69e349e7fdff0ff1515145ed1872df_222my, my total gains, I went from £39,000
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10:17–10:21 · rev_ca69e349e7fdff0ff1515145ed1872df_223down to about £23,000. So it's quite a
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10:21–10:24 · rev_ca69e349e7fdff0ff1515145ed1872df_224big, big drop. But I'm still optimistic.
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10:24–10:27 · rev_ca69e349e7fdff0ff1515145ed1872df_225I'm still hopeful because, well, we
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10:27–10:30 · rev_ca69e349e7fdff0ff1515145ed1872df_226dropped 40%-ish depending on which stocks
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10:30–10:34 · rev_ca69e349e7fdff0ff1515145ed1872df_227you were in when it dropped. And I dropped
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10:34–10:36 · rev_ca69e349e7fdff0ff1515145ed1872df_228about 40%. I didn't buy back in right at
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10:37–10:39 · rev_ca69e349e7fdff0ff1515145ed1872df_229the bottom. There were about 3
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10:40–10:41 · rev_ca69e349e7fdff0ff1515145ed1872df_230opportunities to buy at the very bottom,
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10:42–10:44 · rev_ca69e349e7fdff0ff1515145ed1872df_231but I was too scared to buy and I didn't
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10:44–10:46 · rev_ca69e349e7fdff0ff1515145ed1872df_232feel confident. And unfortunately, I don't
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10:46–10:48 · rev_ca69e349e7fdff0ff1515145ed1872df_233think there's going to be a 4th bottom. I
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10:49–10:52 · rev_ca69e349e7fdff0ff1515145ed1872df_234don't think the bottom— the next bottom is
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10:52–10:54 · rev_ca69e349e7fdff0ff1515145ed1872df_235not going to be as low as the previous 3
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10:54–10:56 · rev_ca69e349e7fdff0ff1515145ed1872df_236bottoms, especially the one on Friday,
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10:57–10:58 · rev_ca69e349e7fdff0ff1515145ed1872df_237which was an amazing buying opportunity if
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10:58–11:01 · rev_ca69e349e7fdff0ff1515145ed1872df_238you had the guts to buy then, which I did
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11:02–11:04 · rev_ca69e349e7fdff0ff1515145ed1872df_239not, unfortunately. So even if
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11:04–11:07 · rev_ca69e349e7fdff0ff1515145ed1872df_240everything bounces back and recovers back
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11:07–11:09 · rev_ca69e349e7fdff0ff1515145ed1872df_241to where it was before this correction
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11:10–11:11 · rev_ca69e349e7fdff0ff1515145ed1872df_242began, I'm not going to recover 40%. I'll
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11:11–11:14 · rev_ca69e349e7fdff0ff1515145ed1872df_243probably recover between 27% and 31% if
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11:15–11:18 · rev_ca69e349e7fdff0ff1515145ed1872df_244I'm lucky, if Tesla bounces back up harder
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11:19–11:21 · rev_ca69e349e7fdff0ff1515145ed1872df_245than what BNGO and Microvision and NIO
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11:22–11:25 · rev_ca69e349e7fdff0ff1515145ed1872df_246dropped by. But Tesla is a pretty good
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11:25–11:28 · rev_ca69e349e7fdff0ff1515145ed1872df_247stock. If the Nasdaq recovers a couple
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11:28–11:30 · rev_ca69e349e7fdff0ff1515145ed1872df_248percent, usually Tesla recovers 4 times.
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11:30–11:33 · rev_ca69e349e7fdff0ff1515145ed1872df_249Kind of think of Tesla as kind of like a,
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11:33–11:36 · rev_ca69e349e7fdff0ff1515145ed1872df_250a 4 or 5 times leveraged Nasdaq.
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11:37–11:40 · rev_ca69e349e7fdff0ff1515145ed1872df_251Stock. It basically does whatever the
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11:40–11:43 · rev_ca69e349e7fdff0ff1515145ed1872df_252NASDAQ does but amplified 4 or 5 times
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11:44–11:46 · rev_ca69e349e7fdff0ff1515145ed1872df_253during this correction period. So the plan
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11:47–11:50 · rev_ca69e349e7fdff0ff1515145ed1872df_254is I'm not going to do any more buying
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11:51–11:53 · rev_ca69e349e7fdff0ff1515145ed1872df_255unless the market bleeds out some more and
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11:53–11:57 · rev_ca69e349e7fdff0ff1515145ed1872df_256I get another buying opportunity for Tesla
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11:57–11:59 · rev_ca69e349e7fdff0ff1515145ed1872df_257in the $500s. And yeah, that's my plan.
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11:59–12:03 · rev_ca69e349e7fdff0ff1515145ed1872df_258My plan is to try not to touch it anymore.
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12:03–12:05 · rev_ca69e349e7fdff0ff1515145ed1872df_259My eToro account is, um,
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12:06–12:09 · rev_ca69e349e7fdff0ff1515145ed1872df_260It also got hit pretty hard, but not as
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12:10–12:11 · rev_ca69e349e7fdff0ff1515145ed1872df_261hard as my main accounts. My eToro account
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12:11–12:15 · rev_ca69e349e7fdff0ff1515145ed1872df_262consisted of 60% copy trades from 2 people
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12:15–12:18 · rev_ca69e349e7fdff0ff1515145ed1872df_263who have a pretty good diverse portfolio
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12:19–12:22 · rev_ca69e349e7fdff0ff1515145ed1872df_264that didn't really take too much of a hit
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12:22–12:24 · rev_ca69e349e7fdff0ff1515145ed1872df_265during this time, not as much as mine did.
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12:25–12:27 · rev_ca69e349e7fdff0ff1515145ed1872df_266And then the remaining 30% of my eToro
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12:28–12:32 · rev_ca69e349e7fdff0ff1515145ed1872df_267account is in ARK Invest, which, as you
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12:32–12:34 · rev_ca69e349e7fdff0ff1515145ed1872df_268probably know, took a massive hit. ARK
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12:35–12:37 · rev_ca69e349e7fdff0ff1515145ed1872df_269Invest ETFs really took the biggest hits
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12:38–12:40 · rev_ca69e349e7fdff0ff1515145ed1872df_270out of all of it. But Cathie Wood has been
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12:40–12:42 · rev_ca69e349e7fdff0ff1515145ed1872df_271buying very heavily in these dips, so
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12:42–12:45 · rev_ca69e349e7fdff0ff1515145ed1872df_272hopefully when everything recovers, my ARK
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12:45–12:47 · rev_ca69e349e7fdff0ff1515145ed1872df_273Invest portfolio is gonna rebound better
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12:48–12:51 · rev_ca69e349e7fdff0ff1515145ed1872df_274than my other ones. Not really worried
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12:51–12:54 · rev_ca69e349e7fdff0ff1515145ed1872df_275about my eToro portfolio because it's not
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12:54–12:57 · rev_ca69e349e7fdff0ff1515145ed1872df_276really managed by me. I just let the copy
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12:57–12:59 · rev_ca69e349e7fdff0ff1515145ed1872df_277traders manage it, and I let Cathie Wood
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13:00–13:01 · rev_ca69e349e7fdff0ff1515145ed1872df_278manage it, and I don't really feel like
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13:01–13:03 · rev_ca69e349e7fdff0ff1515145ed1872df_279I'm involved, so I'm not really worried
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13:04–13:06 · rev_ca69e349e7fdff0ff1515145ed1872df_280about it. But I think Bitcoin is going to
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13:06–13:09 · rev_ca69e349e7fdff0ff1515145ed1872df_281do pretty well this year. I think it's
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13:09–13:11 · rev_ca69e349e7fdff0ff1515145ed1872df_282going to hit $60,000 or $70,000 after
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13:11–13:15 · rev_ca69e349e7fdff0ff1515145ed1872df_283spring, during summer, and my Bitcoin
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13:15–13:17 · rev_ca69e349e7fdff0ff1515145ed1872df_284mining stocks are going to do very well
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13:17–13:18 · rev_ca69e349e7fdff0ff1515145ed1872df_285from that. And I think Tesla is just going
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13:18–13:20 · rev_ca69e349e7fdff0ff1515145ed1872df_286to carry on going up. I think it won't
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13:21–13:22 · rev_ca69e349e7fdff0ff1515145ed1872df_287take too much time to get back to the
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13:23–13:24 · rev_ca69e349e7fdff0ff1515145ed1872df_288$800s, and then after that, who knows?
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13:24–13:27 · rev_ca69e349e7fdff0ff1515145ed1872df_289Maybe it's going to hit $900, maybe it's
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13:27–13:29 · rev_ca69e349e7fdff0ff1515145ed1872df_290going to hit $1,000, but But I'm really
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13:30–13:31 · rev_ca69e349e7fdff0ff1515145ed1872df_291going to try not to touch my profile, my
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13:31–13:34 · rev_ca69e349e7fdff0ff1515145ed1872df_292portfolio, because I just want to kind of
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13:35–13:37 · rev_ca69e349e7fdff0ff1515145ed1872df_293let it do its thing and stop selling and
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13:38–13:41 · rev_ca69e349e7fdff0ff1515145ed1872df_294stop trying to time the market and just
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13:41–13:43 · rev_ca69e349e7fdff0ff1515145ed1872df_295leave it. I think one of my main problems
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13:43–13:46 · rev_ca69e349e7fdff0ff1515145ed1872df_296is I can't stop fiddling with my portfolio
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13:46–13:50 · rev_ca69e349e7fdff0ff1515145ed1872df_297and I keep trying to, I keep trying to
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13:51–13:52 · rev_ca69e349e7fdff0ff1515145ed1872df_298sell when it's going down. I keep trying
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13:53–13:54 · rev_ca69e349e7fdff0ff1515145ed1872df_299to buy the dips and I keep trying to time
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13:54–13:56 · rev_ca69e349e7fdff0ff1515145ed1872df_300the bottom. And you know what they say,
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13:56–13:58 · rev_ca69e349e7fdff0ff1515145ed1872df_301it's not really a very good idea to try
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13:58–14:01 · rev_ca69e349e7fdff0ff1515145ed1872df_302and time the market, but there's, there's
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14:01–14:03 · rev_ca69e349e7fdff0ff1515145ed1872df_303just something about me that I can't
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14:04–14:06 · rev_ca69e349e7fdff0ff1515145ed1872df_304resist trying to time it because it just
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14:06–14:09 · rev_ca69e349e7fdff0ff1515145ed1872df_305seems like it's not that hard, you know,
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14:09–14:11 · rev_ca69e349e7fdff0ff1515145ed1872df_306just buy when it stops dropping and then
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14:11–14:14 · rev_ca69e349e7fdff0ff1515145ed1872df_307sell when it's gone higher. But it's not
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14:14–14:17 · rev_ca69e349e7fdff0ff1515145ed1872df_308really as simple as that. Anyway, that's
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14:17–14:20 · rev_ca69e349e7fdff0ff1515145ed1872df_309my plan moving ahead. Hopefully the rest
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14:20–14:22 · rev_ca69e349e7fdff0ff1515145ed1872df_310of this week isn't too isn't too red. Or
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14:23–14:25 · rev_ca69e349e7fdff0ff1515145ed1872df_311actually, I don't know, actually maybe I
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14:26–14:27 · rev_ca69e349e7fdff0ff1515145ed1872df_312do want it to crash again so I can use the
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14:28–14:30 · rev_ca69e349e7fdff0ff1515145ed1872df_313remaining remainder of my money to get
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14:30–14:33 · rev_ca69e349e7fdff0ff1515145ed1872df_314more Tesla and I can sell Bank of America.
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14:33–14:35 · rev_ca69e349e7fdff0ff1515145ed1872df_315The good thing about Bank of America is
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14:35–14:37 · rev_ca69e349e7fdff0ff1515145ed1872df_316it's weird, when all of the stocks were
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14:38–14:40 · rev_ca69e349e7fdff0ff1515145ed1872df_317going down, the tech stocks and the growth
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14:41–14:42 · rev_ca69e349e7fdff0ff1515145ed1872df_318stocks were going down and the treasury
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14:42–14:44 · rev_ca69e349e7fdff0ff1515145ed1872df_319bond yields were going up, the bank stocks
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14:44–14:47 · rev_ca69e349e7fdff0ff1515145ed1872df_320also going up. So it's kind of a win-win.
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14:47–14:49 · rev_ca69e349e7fdff0ff1515145ed1872df_321If the bond yields start going up again
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14:49–14:50 · rev_ca69e349e7fdff0ff1515145ed1872df_322and my new stocks go down, well, my bank
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14:51–14:53 · rev_ca69e349e7fdff0ff1515145ed1872df_323stock's going to go up, so I can sell the
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14:54–14:55 · rev_ca69e349e7fdff0ff1515145ed1872df_324bank bank stocks for more money and then
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14:56–14:57 · rev_ca69e349e7fdff0ff1515145ed1872df_325put that money into more Tesla, which will
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14:57–14:59 · rev_ca69e349e7fdff0ff1515145ed1872df_326be at a buying opportunity again.
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14:59–15:02 · rev_ca69e349e7fdff0ff1515145ed1872df_327But then if the reverse happens and the
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15:03–15:06 · rev_ca69e349e7fdff0ff1515145ed1872df_328tech stocks carry on rallying, then I've
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15:06–15:09 · rev_ca69e349e7fdff0ff1515145ed1872df_329made a good decision and I can get my
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15:09–15:11 · rev_ca69e349e7fdff0ff1515145ed1872df_330gains back, and then I'll still have
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15:11–15:12 · rev_ca69e349e7fdff0ff1515145ed1872df_331£3,000, £4,000 in cash just in case
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15:13–15:16 · rev_ca69e349e7fdff0ff1515145ed1872df_332something else happens in the future. So
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15:17–15:18 · rev_ca69e349e7fdff0ff1515145ed1872df_333yeah, that's my plan. If it drops again,
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15:19–15:20 · rev_ca69e349e7fdff0ff1515145ed1872df_334it's fine. If it doesn't drop again, then
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15:20–15:23 · rev_ca69e349e7fdff0ff1515145ed1872df_335that's also fine.
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15:23–15:23 · rev_ca69e349e7fdff0ff1515145ed1872df_336