Recording
Revealing my $37,170 Investment Portfolio
2021-07-10 · 15 min
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- rev_7f31b0673310fb71929ca0dd390f8aa1Machine-generated and unreviewed; may be wrong; not a verified quotation.enraw_asractive287 segments
Transcript
Hello and welcome to my investment
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0:01–0:03 · rev_7f31b0673310fb71929ca0dd390f8aa1_0portfolio video where I'll be showing you
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0:03–0:06 · rev_7f31b0673310fb71929ca0dd390f8aa1_1my 2 main portfolios, how much money I
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0:06–0:10 · rev_7f31b0673310fb71929ca0dd390f8aa1_2lost, and what I'm currently investing in.
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0:10–0:12 · rev_7f31b0673310fb71929ca0dd390f8aa1_3So I've invested a total of £26,700,
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0:13–0:16 · rev_7f31b0673310fb71929ca0dd390f8aa1_4which is about $37,000,
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0:19–0:21 · rev_7f31b0673310fb71929ca0dd390f8aa1_5into 2 different investment portfolios.
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0:22–0:25 · rev_7f31b0673310fb71929ca0dd390f8aa1_6So this is the first portfolio. It has
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0:27–0:29 · rev_7f31b0673310fb71929ca0dd390f8aa1_7about £6,788. It's currently
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0:30–0:34 · rev_7f31b0673310fb71929ca0dd390f8aa1_8down £71. And this is the timeline
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0:34–0:38 · rev_7f31b0673310fb71929ca0dd390f8aa1_9of my— this
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0:38–0:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_10is the timeline of my investment history.
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0:42–0:44 · rev_7f31b0673310fb71929ca0dd390f8aa1_11So you can see I started in October 2020,
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0:44–0:48 · rev_7f31b0673310fb71929ca0dd390f8aa1_12and initially I just put £2,000 in, and
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0:48–0:51 · rev_7f31b0673310fb71929ca0dd390f8aa1_13then I started to gain confidence And I
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0:51–0:53 · rev_7f31b0673310fb71929ca0dd390f8aa1_14put another £2,000 and then another
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0:53–0:55 · rev_7f31b0673310fb71929ca0dd390f8aa1_15£2,000. And I mainly
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0:56–0:59 · rev_7f31b0673310fb71929ca0dd390f8aa1_16invested in NIO, which is a Chinese
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0:59–1:01 · rev_7f31b0673310fb71929ca0dd390f8aa1_17electric car company. And as you can see,
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1:01–1:04 · rev_7f31b0673310fb71929ca0dd390f8aa1_18it did pretty well. Watch it go up.
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1:04–1:06 · rev_7f31b0673310fb71929ca0dd390f8aa1_19It went up to a peak of about £10,000,
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1:08–1:12 · rev_7f31b0673310fb71929ca0dd390f8aa1_20nearly £11,000. That was a pretty nice
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1:12–1:15 · rev_7f31b0673310fb71929ca0dd390f8aa1_21gain. I had nearly 40% gain on my total
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1:15–1:19 · rev_7f31b0673310fb71929ca0dd390f8aa1_22investment. And then February came And
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1:20–1:24 · rev_7f31b0673310fb71929ca0dd390f8aa1_23yeah, I lost all of it. And then after
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1:25–1:27 · rev_7f31b0673310fb71929ca0dd390f8aa1_24that, I sold NIO at probably not
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1:28–1:31 · rev_7f31b0673310fb71929ca0dd390f8aa1_25a loss but not a profit. So I didn't even
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1:32–1:34 · rev_7f31b0673310fb71929ca0dd390f8aa1_26make anything from my NIO trade because I
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1:34–1:36 · rev_7f31b0673310fb71929ca0dd390f8aa1_27held it. I bought it here, held it as it
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1:36–1:40 · rev_7f31b0673310fb71929ca0dd390f8aa1_28went up, and then I watched it go back
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1:40–1:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_29down. And then I got fed up watching it go
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1:43–1:45 · rev_7f31b0673310fb71929ca0dd390f8aa1_30down and I sold it. And then I put the
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1:45–1:48 · rev_7f31b0673310fb71929ca0dd390f8aa1_31remaining money, the $6K, into dividend
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1:48–1:52 · rev_7f31b0673310fb71929ca0dd390f8aa1_32stocks. And as you can see,
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1:52–1:54 · rev_7f31b0673310fb71929ca0dd390f8aa1_33the dividend stocks have done absolutely
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1:55–1:57 · rev_7f31b0673310fb71929ca0dd390f8aa1_34nothing. Look at this line, it's pretty
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1:57–2:00 · rev_7f31b0673310fb71929ca0dd390f8aa1_35much a completely flat straight line. It
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2:01–2:03 · rev_7f31b0673310fb71929ca0dd390f8aa1_36hasn't moved at all. Look, went from
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2:05–2:08 · rev_7f31b0673310fb71929ca0dd390f8aa1_37£6,300 to £6,700.
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2:08–2:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_38Oh wow, I made a couple hundred. And I
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2:12–2:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_39still have some of my dividend stocks and
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2:15–2:17 · rev_7f31b0673310fb71929ca0dd390f8aa1_40my safe stocks I also had oil stocks which
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2:17–2:20 · rev_7f31b0673310fb71929ca0dd390f8aa1_41I sold now, but this is what I have for my
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2:21–2:22 · rev_7f31b0673310fb71929ca0dd390f8aa1_42dividends. I got Altria, which is now down
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2:23–2:27 · rev_7f31b0673310fb71929ca0dd390f8aa1_436%. They are a tobacco
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2:27–2:30 · rev_7f31b0673310fb71929ca0dd390f8aa1_44company. And I've got Walgreens Boots,
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2:31–2:33 · rev_7f31b0673310fb71929ca0dd390f8aa1_45which are down 9%. And I got JP Morgan,
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2:33–2:37 · rev_7f31b0673310fb71929ca0dd390f8aa1_46which is down 1%. And I put a tiny bit
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2:37–2:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_47into Etsy and a tiny bit into US Growth
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2:41–2:44 · rev_7f31b0673310fb71929ca0dd390f8aa1_48Index. I only put $200, but that's up
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2:44–2:47 · rev_7f31b0673310fb71929ca0dd390f8aa1_49really nicely, 25%. I should have put more
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2:47–2:49 · rev_7f31b0673310fb71929ca0dd390f8aa1_50in. I should have put more into that. The
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2:50–2:52 · rev_7f31b0673310fb71929ca0dd390f8aa1_51problem with my dividend stocks, the
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2:52–2:54 · rev_7f31b0673310fb71929ca0dd390f8aa1_52reasons why it's just a flat line,
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2:54–2:55 · rev_7f31b0673310fb71929ca0dd390f8aa1_53because I sold my NIO and I bought into
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2:56–3:00 · rev_7f31b0673310fb71929ca0dd390f8aa1_54value stocks and dividend stocks when they
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3:01–3:05 · rev_7f31b0673310fb71929ca0dd390f8aa1_55were at their all-time highs. So I didn't
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3:05–3:07 · rev_7f31b0673310fb71929ca0dd390f8aa1_56make any money because again, I bought
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3:07–3:09 · rev_7f31b0673310fb71929ca0dd390f8aa1_57high and I sold low, and then I bought
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3:10–3:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_58high again. So that's just been a complete
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3:12–3:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_59failure. Look at this, it's just, just a
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3:14–3:18 · rev_7f31b0673310fb71929ca0dd390f8aa1_60straight line. Didn't make anything. So in
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3:18–3:21 · rev_7f31b0673310fb71929ca0dd390f8aa1_61portfolio 1, I made a total of minus
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3:22–3:26 · rev_7f31b0673310fb71929ca0dd390f8aa1_62£71 so far. Not great.
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3:27–3:31 · rev_7f31b0673310fb71929ca0dd390f8aa1_63And yeah, I do get dividends, but it's
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3:32–3:34 · rev_7f31b0673310fb71929ca0dd390f8aa1_64only about— it's probably about $60 to
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3:34–3:37 · rev_7f31b0673310fb71929ca0dd390f8aa1_65$100 every few months, so it really
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3:37–3:40 · rev_7f31b0673310fb71929ca0dd390f8aa1_66doesn't make any difference. Yeah, I made
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3:40–3:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_67a big mistake selling NIO and pivoting
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3:43–3:46 · rev_7f31b0673310fb71929ca0dd390f8aa1_68into dividend stocks. It just didn't
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3:46–3:48 · rev_7f31b0673310fb71929ca0dd390f8aa1_69really do anything for me. But I guess on
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3:48–3:50 · rev_7f31b0673310fb71929ca0dd390f8aa1_70the bright side, it stopped going down
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3:50–3:52 · rev_7f31b0673310fb71929ca0dd390f8aa1_71loads. If I carried on holding on to NIO,
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3:53–3:55 · rev_7f31b0673310fb71929ca0dd390f8aa1_72it would have went down, probably down to
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3:55–3:56 · rev_7f31b0673310fb71929ca0dd390f8aa1_73here. But then NIO is back up to about
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3:57–3:59 · rev_7f31b0673310fb71929ca0dd390f8aa1_74$50. So if I carried on holding it, I
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3:59–4:01 · rev_7f31b0673310fb71929ca0dd390f8aa1_75would have probably been back up around
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4:01–4:04 · rev_7f31b0673310fb71929ca0dd390f8aa1_76$8K or maybe even $9K. Yeah, that's the
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4:04–4:08 · rev_7f31b0673310fb71929ca0dd390f8aa1_77problem. I bought NIO when it was near the
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4:08–4:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_78high, and then I panic sold it, didn't
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4:11–4:13 · rev_7f31b0673310fb71929ca0dd390f8aa1_79hold it, didn't buy more of the dip, and I
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4:13–4:16 · rev_7f31b0673310fb71929ca0dd390f8aa1_80didn't carry on holding it when it went
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4:17–4:18 · rev_7f31b0673310fb71929ca0dd390f8aa1_81back up. And then I pivoted into stocks
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4:19–4:21 · rev_7f31b0673310fb71929ca0dd390f8aa1_82that don't really move much. And this
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4:21–4:24 · rev_7f31b0673310fb71929ca0dd390f8aa1_83chart is quite interesting. It compares my
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4:24–4:26 · rev_7f31b0673310fb71929ca0dd390f8aa1_84portfolio performance to the, um, the
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4:26–4:30 · rev_7f31b0673310fb71929ca0dd390f8aa1_85All-World Index Fund, which is like an
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4:30–4:34 · rev_7f31b0673310fb71929ca0dd390f8aa1_86ETF of the entire world markets. And as
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4:34–4:37 · rev_7f31b0673310fb71929ca0dd390f8aa1_87you can see, I kind of underperformed the
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4:37–4:40 · rev_7f31b0673310fb71929ca0dd390f8aa1_88market. In the beginning, I was just
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4:40–4:42 · rev_7f31b0673310fb71929ca0dd390f8aa1_89destroying it. Look at this, this gray
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4:42–4:44 · rev_7f31b0673310fb71929ca0dd390f8aa1_90line, and then look at my portfolio
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4:44–4:46 · rev_7f31b0673310fb71929ca0dd390f8aa1_91performance. I was just destroying the
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4:46–4:49 · rev_7f31b0673310fb71929ca0dd390f8aa1_92market, and then this happened, and now
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4:49–4:52 · rev_7f31b0673310fb71929ca0dd390f8aa1_93I'm actually— uh,
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4:52–4:55 · rev_7f31b0673310fb71929ca0dd390f8aa1_94well, the All-World ETF is up 17%,
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4:55–4:58 · rev_7f31b0673310fb71929ca0dd390f8aa1_95whereas mine is up 9%. I don't know why it
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4:59–5:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_96says up 9%, but then it says I'm down £71.
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5:02–5:06 · rev_7f31b0673310fb71929ca0dd390f8aa1_97So I would have just made more money if I
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5:07–5:09 · rev_7f31b0673310fb71929ca0dd390f8aa1_98just put all my money into the All-World
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5:09–5:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_99ETF index fund and then just left it. I
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5:11–5:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_100would have a 17% gain if I did that.
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5:15–5:16 · rev_7f31b0673310fb71929ca0dd390f8aa1_101Okay, so here's where the real pain
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5:17–5:20 · rev_7f31b0673310fb71929ca0dd390f8aa1_102begins. This is my main portfolio where I
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5:20–5:23 · rev_7f31b0673310fb71929ca0dd390f8aa1_103initially invested £20,000, and as you can
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5:23–5:26 · rev_7f31b0673310fb71929ca0dd390f8aa1_104see, it's currently at £11,600.
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5:26–5:30 · rev_7f31b0673310fb71929ca0dd390f8aa1_105So I've lost nearly 50%, nearly 40% of
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5:31–5:35 · rev_7f31b0673310fb71929ca0dd390f8aa1_106that initial investment. And here is
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5:35–5:38 · rev_7f31b0673310fb71929ca0dd390f8aa1_107the sad tale of my investment journey.
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5:38–5:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_108Began in October, just adding $2K, added
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5:41–5:45 · rev_7f31b0673310fb71929ca0dd390f8aa1_109another $2K, started to get more
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5:45–5:46 · rev_7f31b0673310fb71929ca0dd390f8aa1_110confident, added $5K, another $4K,
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5:47–5:51 · rev_7f31b0673310fb71929ca0dd390f8aa1_111and then I got to a total of $20K
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5:51–5:53 · rev_7f31b0673310fb71929ca0dd390f8aa1_112invested. And I was mainly investing in
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5:53–5:57 · rev_7f31b0673310fb71929ca0dd390f8aa1_113stocks that YouTubers were recommending,
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5:57–5:59 · rev_7f31b0673310fb71929ca0dd390f8aa1_114and that strategy worked pretty well in
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6:00–6:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_115the beginning. I was buying Tesla, I was
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6:02–6:04 · rev_7f31b0673310fb71929ca0dd390f8aa1_116buying NIO. I was buying— what else I buy?
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6:04–6:07 · rev_7f31b0673310fb71929ca0dd390f8aa1_117Microvision, BNGO, Macy's,
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6:08–6:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_118just the stuff that was hyped up.
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6:11–6:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_119And look, I was doing pretty well. Got
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6:15–6:17 · rev_7f31b0673310fb71929ca0dd390f8aa1_120$23K in December, $24K December.
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6:17–6:21 · rev_7f31b0673310fb71929ca0dd390f8aa1_121January was a bit rocky, went down to
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6:23–6:26 · rev_7f31b0673310fb71929ca0dd390f8aa1_122$21K. And then February— I mean, end of
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6:27–6:29 · rev_7f31b0673310fb71929ca0dd390f8aa1_123January was really good, back to $24K.
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6:29–6:32 · rev_7f31b0673310fb71929ca0dd390f8aa1_124And then you can see this spike. I got to
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6:32–6:35 · rev_7f31b0673310fb71929ca0dd390f8aa1_125a total of nearly £30K though. I actually
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6:36–6:39 · rev_7f31b0673310fb71929ca0dd390f8aa1_126did hit £30K at one point. Jesus,
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6:39–6:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_127£30,000.
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6:42–6:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_128I, I made £10,000 at my peak, and that was
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6:47–6:51 · rev_7f31b0673310fb71929ca0dd390f8aa1_129because of the AMC GameStop meme stock
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6:51–6:54 · rev_7f31b0673310fb71929ca0dd390f8aa1_130thing. And I got pretty lucky with the
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6:54–6:56 · rev_7f31b0673310fb71929ca0dd390f8aa1_131GameStop stock and AMC stocks, and I made
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6:57–6:59 · rev_7f31b0673310fb71929ca0dd390f8aa1_132thousands from that. Unfortunately, I lost
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7:00–7:03 · rev_7f31b0673310fb71929ca0dd390f8aa1_133most of it. As you can see, it just
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7:03–7:05 · rev_7f31b0673310fb71929ca0dd390f8aa1_134plummeted back down to $23K, and I
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7:05–7:07 · rev_7f31b0673310fb71929ca0dd390f8aa1_135thought, okay, don't worry, I'll work my
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7:07–7:09 · rev_7f31b0673310fb71929ca0dd390f8aa1_136way back up. And I did. I slowly
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7:10–7:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_137swing traded my way back up to $29K
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7:14–7:17 · rev_7f31b0673310fb71929ca0dd390f8aa1_138again.
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7:17–7:18 · rev_7f31b0673310fb71929ca0dd390f8aa1_139And then February, middle of February,
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7:21–7:23 · rev_7f31b0673310fb71929ca0dd390f8aa1_140the NASDAQ correction came and it just
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7:24–7:27 · rev_7f31b0673310fb71929ca0dd390f8aa1_141plummeted. Look at this.
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7:27–7:28 · rev_7f31b0673310fb71929ca0dd390f8aa1_142Dropping, dropping, dropping, dropping.
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7:32–7:35 · rev_7f31b0673310fb71929ca0dd390f8aa1_14315K, 14K, 12K.
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7:36–7:40 · rev_7f31b0673310fb71929ca0dd390f8aa1_144Oh no, oh no. I went to as
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7:42–7:46 · rev_7f31b0673310fb71929ca0dd390f8aa1_145low as 8K. Look at that, from 30K down
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7:46–7:50 · rev_7f31b0673310fb71929ca0dd390f8aa1_146to 8K.
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7:50–7:50 · rev_7f31b0673310fb71929ca0dd390f8aa1_147Things have been rebounding a little bit,
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7:53–7:55 · rev_7f31b0673310fb71929ca0dd390f8aa1_148see. It went up back to 12K
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7:55–7:59 · rev_7f31b0673310fb71929ca0dd390f8aa1_149in June.
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8:01–8:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_150July hasn't been good. So I nearly got
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8:05–8:07 · rev_7f31b0673310fb71929ca0dd390f8aa1_151back up to 13K, but then it started
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8:08–8:10 · rev_7f31b0673310fb71929ca0dd390f8aa1_152flopping again. Now I'm back down to 11K.
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8:11–8:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_153So let me explain what happened.
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8:14–8:16 · rev_7f31b0673310fb71929ca0dd390f8aa1_154Basically, I got too confident around this
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8:17–8:19 · rev_7f31b0673310fb71929ca0dd390f8aa1_155point. I was up around 10K. I had a total
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8:19–8:22 · rev_7f31b0673310fb71929ca0dd390f8aa1_156of Nearly 30k, and I was feeling great,
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8:23–8:26 · rev_7f31b0673310fb71929ca0dd390f8aa1_157and I thought, wow, I'm doing so well. I
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8:26–8:28 · rev_7f31b0673310fb71929ca0dd390f8aa1_158need to put more money to get bigger
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8:28–8:30 · rev_7f31b0673310fb71929ca0dd390f8aa1_159returns. And I did something really
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8:31–8:33 · rev_7f31b0673310fb71929ca0dd390f8aa1_160stupid, and I put about 15k into BNGO,
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8:33–8:38 · rev_7f31b0673310fb71929ca0dd390f8aa1_161and then I put about 10k into Microvision.
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8:39–8:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_162And then February came, and those stocks
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8:42–8:45 · rev_7f31b0673310fb71929ca0dd390f8aa1_163and other hypergrowth stocks all crashed
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8:45–8:47 · rev_7f31b0673310fb71929ca0dd390f8aa1_164about 40. 50%. It was just insane.
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8:48–8:51 · rev_7f31b0673310fb71929ca0dd390f8aa1_165I bought BNGO when it was around $12.
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8:52–8:54 · rev_7f31b0673310fb71929ca0dd390f8aa1_166Look, here's BNGO.
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8:56–8:56 · rev_7f31b0673310fb71929ca0dd390f8aa1_167So BNGO peaked around $15,
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8:59–9:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_168and I was getting really excited. I
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9:03–9:04 · rev_7f31b0673310fb71929ca0dd390f8aa1_169thought, wow, this is like going to be the
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9:05–9:06 · rev_7f31b0673310fb71929ca0dd390f8aa1_170next superstar stock. It's going to get to
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9:06–9:08 · rev_7f31b0673310fb71929ca0dd390f8aa1_171$50 or $30. I can 2x my money. So I put in
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9:08–9:12 · rev_7f31b0673310fb71929ca0dd390f8aa1_172a huge amount of money When BNGO was
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9:12–9:16 · rev_7f31b0673310fb71929ca0dd390f8aa1_173around $12, probably around here. And then
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9:16–9:19 · rev_7f31b0673310fb71929ca0dd390f8aa1_174BNGO just crashed. Look at that, it went
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9:19–9:22 · rev_7f31b0673310fb71929ca0dd390f8aa1_175all the way down back to about $4, $5.
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9:22–9:25 · rev_7f31b0673310fb71929ca0dd390f8aa1_176Yeah, here it drops back down to $4.
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9:26–9:27 · rev_7f31b0673310fb71929ca0dd390f8aa1_177So that's, that's over 50% it
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9:29–9:34 · rev_7f31b0673310fb71929ca0dd390f8aa1_178crashed, and I had over 50% of my money in
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9:34–9:37 · rev_7f31b0673310fb71929ca0dd390f8aa1_179it. And then the other stock I was heavily
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9:37–9:40 · rev_7f31b0673310fb71929ca0dd390f8aa1_180invested in was Microvision. And I did
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9:40–9:42 · rev_7f31b0673310fb71929ca0dd390f8aa1_181pretty well in the beginning. I bought— I
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9:43–9:45 · rev_7f31b0673310fb71929ca0dd390f8aa1_182think I put about $4,000 when Microvision
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9:45–9:47 · rev_7f31b0673310fb71929ca0dd390f8aa1_183was about $10.
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9:47–9:48 · rev_7f31b0673310fb71929ca0dd390f8aa1_184Yeah, it was about here, and it shot up to
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9:51–9:53 · rev_7f31b0673310fb71929ca0dd390f8aa1_185about $20, $23. I got really excited.
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9:54–9:58 · rev_7f31b0673310fb71929ca0dd390f8aa1_186I thought, wow, this stock's going to go
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9:58–9:59 · rev_7f31b0673310fb71929ca0dd390f8aa1_187to $100. I need to put more money into it.
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10:00–10:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_188So I put more money into it when it was
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10:02–10:05 · rev_7f31b0673310fb71929ca0dd390f8aa1_189around probably $16.
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10:05–10:08 · rev_7f31b0673310fb71929ca0dd390f8aa1_190And then Microvision dropped all the way
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10:09–10:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_191back down to about $10,
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10:12–10:15 · rev_7f31b0673310fb71929ca0dd390f8aa1_192and I lost over 50%. And then I panic sold
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10:16–10:19 · rev_7f31b0673310fb71929ca0dd390f8aa1_193when it was about $12, and then
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10:20–10:22 · rev_7f31b0673310fb71929ca0dd390f8aa1_194Microvision shot back up to $26.
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10:22–10:26 · rev_7f31b0673310fb71929ca0dd390f8aa1_195I'm so stupid. If I just held it, I
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10:27–10:28 · rev_7f31b0673310fb71929ca0dd390f8aa1_196wouldn't have lost anything, but I
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10:29–10:31 · rev_7f31b0673310fb71929ca0dd390f8aa1_197paper-handed. I bought when it was at its
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10:32–10:35 · rev_7f31b0673310fb71929ca0dd390f8aa1_198high, I sold when it dropped, and then I
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10:35–10:37 · rev_7f31b0673310fb71929ca0dd390f8aa1_199didn't manage to, to benefit from when it
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10:38–10:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_200shot back up again. Microvision is just
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10:41–10:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_201like all over the place. It drops down to
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10:43–10:45 · rev_7f31b0673310fb71929ca0dd390f8aa1_202as low as $10, it shoots back up to $26,
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10:45–10:47 · rev_7f31b0673310fb71929ca0dd390f8aa1_203it drops back down to $14, shoots back up
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10:47–10:49 · rev_7f31b0673310fb71929ca0dd390f8aa1_204to $22. Ah, it's just so volatile. And
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10:50–10:54 · rev_7f31b0673310fb71929ca0dd390f8aa1_205this is what I currently have. I still
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10:54–10:56 · rev_7f31b0673310fb71929ca0dd390f8aa1_206have some BNGO. Says +20% because I
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10:56–11:00 · rev_7f31b0673310fb71929ca0dd390f8aa1_207sold all of it around $7 And then I bought
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11:00–11:04 · rev_7f31b0673310fb71929ca0dd390f8aa1_208back into it when it was around $5. So
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11:04–11:07 · rev_7f31b0673310fb71929ca0dd390f8aa1_209it's back up to about— it's
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11:07–11:13 · rev_7f31b0673310fb71929ca0dd390f8aa1_210back up to nearly $7. So I made a 20%
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11:13–11:15 · rev_7f31b0673310fb71929ca0dd390f8aa1_211gain. And then I got— I put— I
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11:16–11:19 · rev_7f31b0673310fb71929ca0dd390f8aa1_212panic sold Microvision, and then I put
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11:19–11:22 · rev_7f31b0673310fb71929ca0dd390f8aa1_213that money into Riot Blockchain, which is
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11:23–11:25 · rev_7f31b0673310fb71929ca0dd390f8aa1_214like a Bitcoin mining company. And that
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11:25–11:29 · rev_7f31b0673310fb71929ca0dd390f8aa1_215was another failure because I bought that
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11:29–11:31 · rev_7f31b0673310fb71929ca0dd390f8aa1_216around here when it was about $50,
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11:32–11:35 · rev_7f31b0673310fb71929ca0dd390f8aa1_217back when Bitcoin was about $60,000.
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11:36–11:39 · rev_7f31b0673310fb71929ca0dd390f8aa1_218And as you may know, Bitcoin has dropped
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11:40–11:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_219back down to $30K, and so has Riot
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11:44–11:46 · rev_7f31b0673310fb71929ca0dd390f8aa1_220Blockchain because it's, it's linked to
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11:47–11:49 · rev_7f31b0673310fb71929ca0dd390f8aa1_221Bitcoin, so it, it traces Bitcoin's
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11:49–11:51 · rev_7f31b0673310fb71929ca0dd390f8aa1_222movements. And yeah, I panic sold it
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11:52–11:55 · rev_7f31b0673310fb71929ca0dd390f8aa1_223as well, and then I bought back in when it
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11:55–11:57 · rev_7f31b0673310fb71929ca0dd390f8aa1_224was around $22, so that's why it says I've
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11:57–12:00 · rev_7f31b0673310fb71929ca0dd390f8aa1_225got a 30% gain. It's not really a gain,
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12:01–12:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_226it's actually still a loss. And then
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12:03–12:06 · rev_7f31b0673310fb71929ca0dd390f8aa1_227I recently bought SoFi Technologies,
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12:06–12:09 · rev_7f31b0673310fb71929ca0dd390f8aa1_228American Airlines, and I got this Original
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12:09–12:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_229Bark company, which is actually up 4%,
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12:12–12:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_230which is nice. And I've got about £2,000
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12:14–12:18 · rev_7f31b0673310fb71929ca0dd390f8aa1_231in cash just waiting to buy something.
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12:18–12:21 · rev_7f31b0673310fb71929ca0dd390f8aa1_232So yeah, I haven't really done very well.
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12:21–12:23 · rev_7f31b0673310fb71929ca0dd390f8aa1_233I recovered a little bit from $8K. Jesus,
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12:25–12:27 · rev_7f31b0673310fb71929ca0dd390f8aa1_234I can't believe I dropped from
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12:27–12:28 · rev_7f31b0673310fb71929ca0dd390f8aa1_235$29,000-$30,000 all the way down to $8K.
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12:30–12:33 · rev_7f31b0673310fb71929ca0dd390f8aa1_236That's like a loss of 2/3. And then I
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12:33–12:36 · rev_7f31b0673310fb71929ca0dd390f8aa1_237rebounded a little bit back up to $12K.
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12:36–12:38 · rev_7f31b0673310fb71929ca0dd390f8aa1_238And as you can see from the all-time
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12:41–12:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_239performance chart, I was destroying the
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12:43–12:46 · rev_7f31b0673310fb71929ca0dd390f8aa1_240market at this point. I was up 30%,
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12:46–12:49 · rev_7f31b0673310fb71929ca0dd390f8aa1_24137%, and then it just tanked whilst the
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12:50–12:53 · rev_7f31b0673310fb71929ca0dd390f8aa1_242overall markets slowly and steadily rose
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12:54–12:56 · rev_7f31b0673310fb71929ca0dd390f8aa1_24318%. So if I just put all my money into
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12:57–13:00 · rev_7f31b0673310fb71929ca0dd390f8aa1_244this, I could have had an 18% gain right
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13:01–13:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_245now and I'd be up probably £5,000.
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13:03–13:06 · rev_7f31b0673310fb71929ca0dd390f8aa1_246But instead I YOLO'd on risky stocks and
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13:07–13:11 · rev_7f31b0673310fb71929ca0dd390f8aa1_247I'm down 44%.
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13:11–13:12 · rev_7f31b0673310fb71929ca0dd390f8aa1_248Great. So what have we learned from my
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13:14–13:18 · rev_7f31b0673310fb71929ca0dd390f8aa1_249mistakes? I've learned that my mistakes
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13:18–13:21 · rev_7f31b0673310fb71929ca0dd390f8aa1_250were made because I bought at the top when
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13:23–13:26 · rev_7f31b0673310fb71929ca0dd390f8aa1_251things were rallying and going to the
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13:26–13:28 · rev_7f31b0673310fb71929ca0dd390f8aa1_252moon. I got all excited and I was like,
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13:28–13:30 · rev_7f31b0673310fb71929ca0dd390f8aa1_253wow, I gotta buy more BNGO because it's
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13:30–13:32 · rev_7f31b0673310fb71929ca0dd390f8aa1_254gonna go up even more. Oh, I gotta buy
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13:33–13:34 · rev_7f31b0673310fb71929ca0dd390f8aa1_255more Bitcoin stuff because it's at $60K
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13:35–13:36 · rev_7f31b0673310fb71929ca0dd390f8aa1_256and it's gonna go to $100K. And then I
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13:36–13:40 · rev_7f31b0673310fb71929ca0dd390f8aa1_257bought at the top and then it crashed and
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13:40–13:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_258then I panic sold and then I bought back
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13:41–13:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_259in. Trying to time the bottom, and then I
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13:43–13:46 · rev_7f31b0673310fb71929ca0dd390f8aa1_260lost most of it because it's really
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13:47–13:48 · rev_7f31b0673310fb71929ca0dd390f8aa1_261difficult to time the top— the bottom. I
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13:49–13:51 · rev_7f31b0673310fb71929ca0dd390f8aa1_262bought at the top, I sold at the bottom,
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13:51–13:53 · rev_7f31b0673310fb71929ca0dd390f8aa1_263I bought back in at the bottom. It's so
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13:54–13:57 · rev_7f31b0673310fb71929ca0dd390f8aa1_264bad. I made every single investing mistake
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13:57–13:59 · rev_7f31b0673310fb71929ca0dd390f8aa1_265that you should never make. And to be
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14:00–14:02 · rev_7f31b0673310fb71929ca0dd390f8aa1_266honest, I don't really know what to do
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14:02–14:03 · rev_7f31b0673310fb71929ca0dd390f8aa1_267now. If I sell everything, what if it
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14:04–14:07 · rev_7f31b0673310fb71929ca0dd390f8aa1_268starts going back up again and then I just
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14:07–14:09 · rev_7f31b0673310fb71929ca0dd390f8aa1_269missed out on recovering? And then if I
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14:09–14:12 · rev_7f31b0673310fb71929ca0dd390f8aa1_270sell everything, what am I gonna buy? I
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14:12–14:14 · rev_7f31b0673310fb71929ca0dd390f8aa1_271don't know what's what's a good thing to
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14:14–14:17 · rev_7f31b0673310fb71929ca0dd390f8aa1_272buy right now. So I think I'm just gonna
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14:17–14:20 · rev_7f31b0673310fb71929ca0dd390f8aa1_273leave it and not sell anything and just
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14:20–14:22 · rev_7f31b0673310fb71929ca0dd390f8aa1_274try and be patient. Maybe eventually after
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14:23–14:25 · rev_7f31b0673310fb71929ca0dd390f8aa1_275months and months some of these stocks
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14:26–14:28 · rev_7f31b0673310fb71929ca0dd390f8aa1_276will go back up. People saying Bitcoin's
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14:28–14:31 · rev_7f31b0673310fb71929ca0dd390f8aa1_277gonna go back up to $60K, maybe I can just
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14:31–14:34 · rev_7f31b0673310fb71929ca0dd390f8aa1_278be patient and wait for that. So my
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14:34–14:37 · rev_7f31b0673310fb71929ca0dd390f8aa1_279investing journey since I began, how long
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14:38–14:41 · rev_7f31b0673310fb71929ca0dd390f8aa1_280ago was it? October, and now it's July.
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14:41–14:43 · rev_7f31b0673310fb71929ca0dd390f8aa1_281So that's about 9 months, 9 months of hard
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14:45–14:48 · rev_7f31b0673310fb71929ca0dd390f8aa1_282work trying to invest, and I managed to
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14:48–14:51 · rev_7f31b0673310fb71929ca0dd390f8aa1_283turn £26,000 into £18,000.
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14:52–14:55 · rev_7f31b0673310fb71929ca0dd390f8aa1_284Yay! I turned $37,000 into $25,000.
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14:56–15:00 · rev_7f31b0673310fb71929ca0dd390f8aa1_285Amazing success story.
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15:01–15:03 · rev_7f31b0673310fb71929ca0dd390f8aa1_286