Recording
I invested $35,000 into the stock market...
2020-11-07 · 15 min
Machine transcript · wording, timing and speaker attribution may be wrong
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Source information & transcript revisions
Transcript revisions
- rev_684b608c766bc22310a2f3865022c1f4Machine-generated and unreviewed; may be wrong; not a verified quotation.enraw_asractive220 segments
Transcript
I think I have a bit of a problem. So as
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0:01–0:04 · rev_684b608c766bc22310a2f3865022c1f4_0of now, I currently have £27,000
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0:04–0:09 · rev_684b608c766bc22310a2f3865022c1f4_1invested into the stock market. That's
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0:09–0:12 · rev_684b608c766bc22310a2f3865022c1f4_2about $35,000, and it's almost over
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0:12–0:16 · rev_684b608c766bc22310a2f3865022c1f4_3half of my total savings. It's a little
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0:17–0:19 · rev_684b608c766bc22310a2f3865022c1f4_4bit worrying, and I'm not sure how I got
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0:20–0:21 · rev_684b608c766bc22310a2f3865022c1f4_5to this point where I have nearly over
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0:21–0:23 · rev_684b608c766bc22310a2f3865022c1f4_6half of my earnings in the stock market.
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0:24–0:26 · rev_684b608c766bc22310a2f3865022c1f4_7I first started off just investing a
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0:26–0:28 · rev_684b608c766bc22310a2f3865022c1f4_8couple hundred pounds after my sister
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0:29–0:30 · rev_684b608c766bc22310a2f3865022c1f4_9recommended me this app, and £200
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0:30–0:34 · rev_684b608c766bc22310a2f3865022c1f4_10became £400, and then I added another
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0:35–0:37 · rev_684b608c766bc22310a2f3865022c1f4_11£200, and I thought, oh, why don't I just
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0:37–0:39 · rev_684b608c766bc22310a2f3865022c1f4_12round it up to £1,000? And then I rounded
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0:40–0:43 · rev_684b608c766bc22310a2f3865022c1f4_13that up to £2,000, and then I just added
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0:43–0:46 · rev_684b608c766bc22310a2f3865022c1f4_14£5,000 and then another £5,000 until
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0:46–0:49 · rev_684b608c766bc22310a2f3865022c1f4_15eventually I reached the grand total of
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0:49–0:52 · rev_684b608c766bc22310a2f3865022c1f4_16£27,000. It's a little bit scary.
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0:52–0:55 · rev_684b608c766bc22310a2f3865022c1f4_17I guess you would think, but for some
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0:55–0:57 · rev_684b608c766bc22310a2f3865022c1f4_18reason I don't really feel scared. And
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0:57–1:00 · rev_684b608c766bc22310a2f3865022c1f4_19I've just put thousands of pounds into
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1:00–1:02 · rev_684b608c766bc22310a2f3865022c1f4_20companies that have been recommended by
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1:02–1:05 · rev_684b608c766bc22310a2f3865022c1f4_21random stock analyst YouTubers. And
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1:06–1:09 · rev_684b608c766bc22310a2f3865022c1f4_22surprisingly, these stocks that I've
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1:09–1:11 · rev_684b608c766bc22310a2f3865022c1f4_23invested in, a few of them are doing very,
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1:11–1:14 · rev_684b608c766bc22310a2f3865022c1f4_24very well. And if Biden becomes the next
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1:14–1:17 · rev_684b608c766bc22310a2f3865022c1f4_25president, they're going to do even
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1:18–1:18 · rev_684b608c766bc22310a2f3865022c1f4_26better. So I'm actually on track to to
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1:19–1:22 · rev_684b608c766bc22310a2f3865022c1f4_27making a possible $1,000
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1:22–1:25 · rev_684b608c766bc22310a2f3865022c1f4_28this month on the stock market alone.
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1:25–1:27 · rev_684b608c766bc22310a2f3865022c1f4_29Now, when I first started getting
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1:27–1:29 · rev_684b608c766bc22310a2f3865022c1f4_30interested in the stock market, my first
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1:29–1:31 · rev_684b608c766bc22310a2f3865022c1f4_31initial goal was I'm not really expecting
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1:31–1:35 · rev_684b608c766bc22310a2f3865022c1f4_32to become rich overnight. And if I can
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1:35–1:38 · rev_684b608c766bc22310a2f3865022c1f4_33make a couple hundred dollars every month
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1:39–1:40 · rev_684b608c766bc22310a2f3865022c1f4_34to help pay for the bills and pay for the
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1:40–1:42 · rev_684b608c766bc22310a2f3865022c1f4_35rent, then that would be great. And on my
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1:43–1:45 · rev_684b608c766bc22310a2f3865022c1f4_36first month in October, I managed to sell
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1:45–1:47 · rev_684b608c766bc22310a2f3865022c1f4_37my Pinterest stock and I made $176. And
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1:47–1:51 · rev_684b608c766bc22310a2f3865022c1f4_38then already in November, I've made about
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1:51–1:53 · rev_684b608c766bc22310a2f3865022c1f4_39$170. By selling my shares in this
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1:53–1:56 · rev_684b608c766bc22310a2f3865022c1f4_40pharmaceutical company called AbbVie,
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1:56–1:58 · rev_684b608c766bc22310a2f3865022c1f4_41which shot up in value about a week ago.
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1:58–2:02 · rev_684b608c766bc22310a2f3865022c1f4_42And now I'm on track to making about
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2:03–2:05 · rev_684b608c766bc22310a2f3865022c1f4_43$1,000 in November in
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2:06–2:09 · rev_684b608c766bc22310a2f3865022c1f4_44addition to that $170 I made from AbbVie.
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2:10–2:12 · rev_684b608c766bc22310a2f3865022c1f4_45Now I feel like this is starting to become
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2:13–2:16 · rev_684b608c766bc22310a2f3865022c1f4_46a little bit of a worrying problem. I'm
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2:16–2:18 · rev_684b608c766bc22310a2f3865022c1f4_47enjoying this whole stock market thing way
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2:18–2:21 · rev_684b608c766bc22310a2f3865022c1f4_48too much. I haven't felt dopamine hits in
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2:21–2:24 · rev_684b608c766bc22310a2f3865022c1f4_49my brain like this. I haven't felt this
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2:24–2:26 · rev_684b608c766bc22310a2f3865022c1f4_50excited since my channel blew up in 2018
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2:26–2:30 · rev_684b608c766bc22310a2f3865022c1f4_51and my videos actually used to get views.
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2:30–2:32 · rev_684b608c766bc22310a2f3865022c1f4_52But when I wake up in the morning and I
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2:33–2:35 · rev_684b608c766bc22310a2f3865022c1f4_53check the stock market and I see things
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2:35–2:37 · rev_684b608c766bc22310a2f3865022c1f4_54are going green and I've got +30% in
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2:37–2:40 · rev_684b608c766bc22310a2f3865022c1f4_55gains, it is the most exciting feeling
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2:40–2:44 · rev_684b608c766bc22310a2f3865022c1f4_56and sensation that I've had in a very,
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2:44–2:47 · rev_684b608c766bc22310a2f3865022c1f4_57very long time. And And I'm starting to
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2:47–2:50 · rev_684b608c766bc22310a2f3865022c1f4_58get a little bit worried that I'm enjoying
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2:51–2:52 · rev_684b608c766bc22310a2f3865022c1f4_59this a little bit too much. I've invested
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2:52–2:56 · rev_684b608c766bc22310a2f3865022c1f4_60so much money onto the stock market and
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2:57–2:59 · rev_684b608c766bc22310a2f3865022c1f4_61I'm not worried at all. And I'm just
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2:59–3:01 · rev_684b608c766bc22310a2f3865022c1f4_62hooked on the idea of seeing those numbers
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3:02–3:04 · rev_684b608c766bc22310a2f3865022c1f4_63go green. And all I can think about now is
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3:04–3:07 · rev_684b608c766bc22310a2f3865022c1f4_64how can I make more money by doing other
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3:07–3:10 · rev_684b608c766bc22310a2f3865022c1f4_65things? How can I increase my earnings so
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3:11–3:13 · rev_684b608c766bc22310a2f3865022c1f4_66I can invest more money onto the stock
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3:14–3:16 · rev_684b608c766bc22310a2f3865022c1f4_67market and get more shares and more
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3:17–3:19 · rev_684b608c766bc22310a2f3865022c1f4_68companies and more gains. Just want more.
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3:19–3:22 · rev_684b608c766bc22310a2f3865022c1f4_69All I can think of is I need more money so
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3:22–3:24 · rev_684b608c766bc22310a2f3865022c1f4_70I can sink it straight into the stock
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3:25–3:27 · rev_684b608c766bc22310a2f3865022c1f4_71market. I was always kind of skeptical
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3:27–3:30 · rev_684b608c766bc22310a2f3865022c1f4_72about getting involved, getting started on
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3:30–3:32 · rev_684b608c766bc22310a2f3865022c1f4_73the stock market because I had a pretty
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3:32–3:34 · rev_684b608c766bc22310a2f3865022c1f4_74bad perception of it. I heard lots of
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3:34–3:36 · rev_684b608c766bc22310a2f3865022c1f4_75these horror stories about people losing
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3:37–3:39 · rev_684b608c766bc22310a2f3865022c1f4_76loads of money, losing their life savings
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3:40–3:42 · rev_684b608c766bc22310a2f3865022c1f4_77on it and going into financial ruin, and
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3:42–3:45 · rev_684b608c766bc22310a2f3865022c1f4_78that scared me a little bit. But I feel
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3:46–3:49 · rev_684b608c766bc22310a2f3865022c1f4_79like I'm not going to— that's not going to
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3:49–3:51 · rev_684b608c766bc22310a2f3865022c1f4_80happen to me because I'm not going to be
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3:52–3:53 · rev_684b608c766bc22310a2f3865022c1f4_81really risky. I'm not going to put
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3:53–3:55 · rev_684b608c766bc22310a2f3865022c1f4_82£100,000 onto one stock. I'm not doing
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3:56–3:58 · rev_684b608c766bc22310a2f3865022c1f4_83this leverage stuff either, so I don't
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3:58–4:02 · rev_684b608c766bc22310a2f3865022c1f4_84feel like I could lose a massive amount of
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4:02–4:04 · rev_684b608c766bc22310a2f3865022c1f4_85money all at once. And to be honest, this
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4:04–4:07 · rev_684b608c766bc22310a2f3865022c1f4_86wasn't really what I planned on doing when
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4:07–4:09 · rev_684b608c766bc22310a2f3865022c1f4_87I thought about getting involved with the
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4:09–4:11 · rev_684b608c766bc22310a2f3865022c1f4_88stock market. My initial plan was I was
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4:11–4:13 · rev_684b608c766bc22310a2f3865022c1f4_89going to invest long term and I was going
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4:13–4:16 · rev_684b608c766bc22310a2f3865022c1f4_90to invest in stable companies that are
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4:16–4:18 · rev_684b608c766bc22310a2f3865022c1f4_91already established, that pay a dividend.
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4:19–4:21 · rev_684b608c766bc22310a2f3865022c1f4_92And I wanted to get some passive income
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4:22–4:24 · rev_684b608c766bc22310a2f3865022c1f4_93from dividend stocks. And I've put
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4:24–4:27 · rev_684b608c766bc22310a2f3865022c1f4_94half my money into dividend stocks when
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4:28–4:30 · rev_684b608c766bc22310a2f3865022c1f4_95really I should have put all of it into
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4:30–4:31 · rev_684b608c766bc22310a2f3865022c1f4_96dividend stocks. But in the end, I ended
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4:32–4:34 · rev_684b608c766bc22310a2f3865022c1f4_97up kind of day trading. I bought shares in
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4:35–4:37 · rev_684b608c766bc22310a2f3865022c1f4_98random companies that I thought were going
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4:37–4:39 · rev_684b608c766bc22310a2f3865022c1f4_99to do well. Some of them did do well and
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4:40–4:41 · rev_684b608c766bc22310a2f3865022c1f4_100they rose by about 20% and I cashed out,
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4:42–4:45 · rev_684b608c766bc22310a2f3865022c1f4_101got a couple hundred dollars here and
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4:45–4:46 · rev_684b608c766bc22310a2f3865022c1f4_102there. But then other companies that I
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4:47–4:48 · rev_684b608c766bc22310a2f3865022c1f4_103invested in have not really done well or
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4:48–4:51 · rev_684b608c766bc22310a2f3865022c1f4_104they've gone down into the red and I'm
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4:52–4:54 · rev_684b608c766bc22310a2f3865022c1f4_105kind of stuck with them. And if I sell
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4:54–4:56 · rev_684b608c766bc22310a2f3865022c1f4_106now, I'm going to lose money. So I can't
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4:56–4:58 · rev_684b608c766bc22310a2f3865022c1f4_107sell and I have to hold on and hope for
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4:58–5:01 · rev_684b608c766bc22310a2f3865022c1f4_108the best, hope that they eventually go
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5:01–5:03 · rev_684b608c766bc22310a2f3865022c1f4_109back up in value. And now I've started
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5:03–5:06 · rev_684b608c766bc22310a2f3865022c1f4_110getting addicted to these smaller growth
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5:06–5:09 · rev_684b608c766bc22310a2f3865022c1f4_111companies. In the stock trading community
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5:09–5:12 · rev_684b608c766bc22310a2f3865022c1f4_112on YouTube, everyone usually starts
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5:12–5:15 · rev_684b608c766bc22310a2f3865022c1f4_113talking and raving about some new stock
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5:15–5:17 · rev_684b608c766bc22310a2f3865022c1f4_114they found that is exploding and has huge
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5:17–5:20 · rev_684b608c766bc22310a2f3865022c1f4_115future potential. And I'm starting to
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5:20–5:23 · rev_684b608c766bc22310a2f3865022c1f4_116follow these channels on YouTube and I've
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5:23–5:26 · rev_684b608c766bc22310a2f3865022c1f4_117put a lot of money. I've put a couple of
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5:26–5:27 · rev_684b608c766bc22310a2f3865022c1f4_118thousand pounds on some of these Chinese
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5:28–5:29 · rev_684b608c766bc22310a2f3865022c1f4_119companies that are being hyped up. And if
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5:29–5:32 · rev_684b608c766bc22310a2f3865022c1f4_120I cashed out now, I could probably make
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5:32–5:34 · rev_684b608c766bc22310a2f3865022c1f4_121$1,000. But I don't want to cash out now.
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5:34–5:38 · rev_684b608c766bc22310a2f3865022c1f4_122I want more money because I'm greedy. So
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5:39–5:41 · rev_684b608c766bc22310a2f3865022c1f4_123I'm going to hold on to it and hope that
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5:42–5:44 · rev_684b608c766bc22310a2f3865022c1f4_124it's going to go up even more. But the
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5:44–5:46 · rev_684b608c766bc22310a2f3865022c1f4_125risk is if I don't sell now, what if it
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5:47–5:49 · rev_684b608c766bc22310a2f3865022c1f4_126drops and doesn't go back up again? Then
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5:49–5:51 · rev_684b608c766bc22310a2f3865022c1f4_127I've lost my money. But what if I sell now
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5:51–5:53 · rev_684b608c766bc22310a2f3865022c1f4_128and then it keeps on going up and then
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5:53–5:56 · rev_684b608c766bc22310a2f3865022c1f4_129I've just missed out on more money? This
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5:56–5:58 · rev_684b608c766bc22310a2f3865022c1f4_130is the problem with trading on the stock
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5:58–6:01 · rev_684b608c766bc22310a2f3865022c1f4_131market. You just don't know when is the
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6:01–6:04 · rev_684b608c766bc22310a2f3865022c1f4_132best time to sell, when is the best time
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6:04–6:05 · rev_684b608c766bc22310a2f3865022c1f4_133to hold. It looks like it's going to keep
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6:05–6:07 · rev_684b608c766bc22310a2f3865022c1f4_134going up, so you hold, and then the next
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6:08–6:10 · rev_684b608c766bc22310a2f3865022c1f4_135day it drops and then you kind of feel
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6:10–6:12 · rev_684b608c766bc22310a2f3865022c1f4_136stupid for not selling when you could have
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6:12–6:14 · rev_684b608c766bc22310a2f3865022c1f4_137made a lot of money. So yeah, in
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6:14–6:17 · rev_684b608c766bc22310a2f3865022c1f4_138conclusion, I think I'm addicted to the
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6:17–6:19 · rev_684b608c766bc22310a2f3865022c1f4_139stock market. I've plunged $35,000 of my
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6:19–6:23 · rev_684b608c766bc22310a2f3865022c1f4_140life savings into it already, and I'm
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6:23–6:27 · rev_684b608c766bc22310a2f3865022c1f4_141thinking about putting even more money
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6:27–6:29 · rev_684b608c766bc22310a2f3865022c1f4_142onto it, and I'm gonna be broke soon. So
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6:29–6:31 · rev_684b608c766bc22310a2f3865022c1f4_143yeah, thanks for listening. Goodbye.
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6:32–6:33 · rev_684b608c766bc22310a2f3865022c1f4_144Hello and welcome back to a new episode of
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6:35–6:37 · rev_684b608c766bc22310a2f3865022c1f4_145Cooking with Daniel. So today I'm going to
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6:38–6:40 · rev_684b608c766bc22310a2f3865022c1f4_146be making pan-fried salmon.
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6:40–6:44 · rev_684b608c766bc22310a2f3865022c1f4_147Look at this salmon, nice and orange.
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6:44–6:46 · rev_684b608c766bc22310a2f3865022c1f4_148And I've got some broccoli bits and green
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6:48–6:51 · rev_684b608c766bc22310a2f3865022c1f4_149onions, red peppers. We're gonna stir-fry
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6:51–6:55 · rev_684b608c766bc22310a2f3865022c1f4_150Some of it, not all of it, because that's
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6:55–6:57 · rev_684b608c766bc22310a2f3865022c1f4_151quite a lot, quite a lot of vegetables
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6:57–7:01 · rev_684b608c766bc22310a2f3865022c1f4_152there. And we also have some leftover rice
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7:01–7:04 · rev_684b608c766bc22310a2f3865022c1f4_153from yesterday, not much, but should be
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7:05–7:07 · rev_684b608c766bc22310a2f3865022c1f4_154Okay, so first, what should I do? Should I
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7:17–7:19 · rev_684b608c766bc22310a2f3865022c1f4_155cook the salmon first? Or fry the
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7:19–7:22 · rev_684b608c766bc22310a2f3865022c1f4_156vegetables first?
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7:22–7:23 · rev_684b608c766bc22310a2f3865022c1f4_157Hmm, I think I'll cook the salmon now.
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7:26–7:29 · rev_684b608c766bc22310a2f3865022c1f4_158Yeah, good idea.
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7:29–7:31 · rev_684b608c766bc22310a2f3865022c1f4_159Fire on.
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7:37–7:39 · rev_684b608c766bc22310a2f3865022c1f4_160Okay, so we've got the salmon in the pan.
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7:58–8:01 · rev_684b608c766bc22310a2f3865022c1f4_161I like to put it on the side because
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8:04–8:07 · rev_684b608c766bc22310a2f3865022c1f4_162why not?
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8:08–8:08 · rev_684b608c766bc22310a2f3865022c1f4_163Turn the heat down a little bit,
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8:37–8:40 · rev_684b608c766bc22310a2f3865022c1f4_164otherwise it's gonna burn. We don't want
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8:41–8:43 · rev_684b608c766bc22310a2f3865022c1f4_165burning.
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8:43–8:44 · rev_684b608c766bc22310a2f3865022c1f4_166That is the
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8:55–8:59 · rev_684b608c766bc22310a2f3865022c1f4_167rice. I put
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9:00–9:04 · rev_684b608c766bc22310a2f3865022c1f4_168the rice in the microwave.
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9:04–9:06 · rev_684b608c766bc22310a2f3865022c1f4_169Okay, let me have a look.
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9:13–9:15 · rev_684b608c766bc22310a2f3865022c1f4_170Um,
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9:18–9:19 · rev_684b608c766bc22310a2f3865022c1f4_171yeah, it looks pretty good.
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9:22–9:24 · rev_684b608c766bc22310a2f3865022c1f4_172Okay, for seasoning, we've got some black
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9:26–9:30 · rev_684b608c766bc22310a2f3865022c1f4_173pepper and some table salt.
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9:30–9:33 · rev_684b608c766bc22310a2f3865022c1f4_174Black pepper on that side,
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9:36–9:38 · rev_684b608c766bc22310a2f3865022c1f4_175table salt on this side,
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9:42–9:44 · rev_684b608c766bc22310a2f3865022c1f4_176and then get your forko.
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9:46–9:49 · rev_684b608c766bc22310a2f3865022c1f4_177Can't get the camera close enough.
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9:53–9:55 · rev_684b608c766bc22310a2f3865022c1f4_178Uh, yeah, you want to flip it onto the
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9:58–10:00 · rev_684b608c766bc22310a2f3865022c1f4_179other side.
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10:00–10:00 · rev_684b608c766bc22310a2f3865022c1f4_180Stuck. This happens sometimes, but it's
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10:05–10:09 · rev_684b608c766bc22310a2f3865022c1f4_181fine.
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10:09–10:09 · rev_684b608c766bc22310a2f3865022c1f4_182Wow, look at that golden
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10:15–10:20 · rev_684b608c766bc22310a2f3865022c1f4_183brown vegetables
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10:20–10:24 · rev_684b608c766bc22310a2f3865022c1f4_184in. Um, how should I do this? Just grab
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10:24–10:27 · rev_684b608c766bc22310a2f3865022c1f4_185it. Like that.
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10:27–10:28 · rev_684b608c766bc22310a2f3865022c1f4_186You want some onions too,
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10:31–10:33 · rev_684b608c766bc22310a2f3865022c1f4_187uh, green onions maybe.
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10:36–10:38 · rev_684b608c766bc22310a2f3865022c1f4_188Look how colorful the broccoli is. I love
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10:41–10:43 · rev_684b608c766bc22310a2f3865022c1f4_189broccoli. Don't you love broccoli too?
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10:44–10:46 · rev_684b608c766bc22310a2f3865022c1f4_190Really? Wow, that's fascinating.
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10:48–10:52 · rev_684b608c766bc22310a2f3865022c1f4_191Please tell me more about how
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10:53–10:56 · rev_684b608c766bc22310a2f3865022c1f4_192much you love broccoli. Whoa, the salmon
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10:56–11:02 · rev_684b608c766bc22310a2f3865022c1f4_193is sizzling!
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11:02–11:03 · rev_684b608c766bc22310a2f3865022c1f4_194I just turned on the microwave for the
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11:07–11:09 · rev_684b608c766bc22310a2f3865022c1f4_195rice.
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11:09–11:10 · rev_684b608c766bc22310a2f3865022c1f4_196Oh wow, the wok sauce smells very good.
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11:32–11:36 · rev_684b608c766bc22310a2f3865022c1f4_197Jumbo light pitting.
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11:40–11:43 · rev_684b608c766bc22310a2f3865022c1f4_198Oh, it's Is it spicy?
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11:43–11:45 · rev_684b608c766bc22310a2f3865022c1f4_1992 pepper spicy rating. Uh-oh,
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11:47–11:49 · rev_684b608c766bc22310a2f3865022c1f4_200it's gonna be spicy.
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11:49–11:52 · rev_684b608c766bc22310a2f3865022c1f4_201Oh, it's pretty liquid as well. I thought
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11:58–11:59 · rev_684b608c766bc22310a2f3865022c1f4_202it'd be thicker like my salmon.
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12:00–12:04 · rev_684b608c766bc22310a2f3865022c1f4_203Okay, now I can add the sauce.
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12:20–12:22 · rev_684b608c766bc22310a2f3865022c1f4_204Yeah, it's like jelly.
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12:30–12:31 · rev_684b608c766bc22310a2f3865022c1f4_205Looks a bit like jam,
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12:45–12:48 · rev_684b608c766bc22310a2f3865022c1f4_206chili jam.
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12:49–12:50 · rev_684b608c766bc22310a2f3865022c1f4_207It is like jam, it's like a jelly
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12:54–12:56 · rev_684b608c766bc22310a2f3865022c1f4_208consistency, just like Uncle Roger loves.
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12:56–13:00 · rev_684b608c766bc22310a2f3865022c1f4_209I'm gonna turn up the heat. It's going a
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13:05–13:07 · rev_684b608c766bc22310a2f3865022c1f4_210It was still a bit pink in the middle, so
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14:05–14:07 · rev_684b608c766bc22310a2f3865022c1f4_211I had to break it up. That's why it looks
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14:07–14:09 · rev_684b608c766bc22310a2f3865022c1f4_212like this, but it should be fine.
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14:09–14:11 · rev_684b608c766bc22310a2f3865022c1f4_213That's the annoying thing about salmon,
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14:13–14:15 · rev_684b608c766bc22310a2f3865022c1f4_214it cooks really fast on the outside and
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14:15–14:17 · rev_684b608c766bc22310a2f3865022c1f4_215then it doesn't cook on the inside.
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14:18–14:19 · rev_684b608c766bc22310a2f3865022c1f4_216Yeah, it should be fine. And that is how I
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14:25–14:27 · rev_684b608c766bc22310a2f3865022c1f4_217make my famous salmon and broccoli dinner.
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14:28–14:31 · rev_684b608c766bc22310a2f3865022c1f4_218Look at that delicious
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14:32–14:36 · rev_684b608c766bc22310a2f3865022c1f4_219