@@Pawnlust If you actually read the statement, he says nowhere that he doesn't use it or that you shouldn't, that makes the statement even more interesting. He does not use regular margin, he uses insurance float and margin on OTC option contracts
If you really think a stock is going to go up why would you not use margin, because if your scared on margin then you really must not be convicted it’s going to go up
I've done this where I borrowed (1) against a credit card to dump into a stock, (2) put money into a company that was a fraud...and, of course, (3) put everything into a single stock, which was not a fraud but the market just killed it. I can tell you that THIS is not ok for 99.99% of the people. It's a gamble, in which you win due to, mostly, luck, and some skill. In my case, (1) my credit card borrowing (during the 2007-10 time) actually paid off really well - I was buying battered companies; made a ton. My (2) fraud company buy was a company that looked amazing on paper and a friend recommended it...I didn't understand the investment that well. I had to sell all my shares for $1 (that's how to take off a 99.9% loss off your account). And, my biggest failure of all (3) was an Oil and Gas company, which got caught up in commodity pricing wars - and I had rode that thing up where my account was once worth around 450K or so...and I had 2X margined that ....so, total position was around 900k (approx). I lose all but 40k in that stock. Margin kills you and it can kill you fast. As you get more and more money this way, you end up taking more and more risk. HERE IS MY RECOMMENDATION FOR THE 99.99% OF YOU (do your own research) - BUY and HOLD low fee market index funds like the SP500 for a very long time, buy monthly, keep buying, never panic sell. I know it's "boring" but it works. After I lost everything, I went numb for a few months and then got up and took a look at my situation. I sold a house that I had bought in 2009 (luckily) and I used the proceeds (270k) to buy into the SP500. I asked for raises at my job, for better titles...and I invested heavily into SP500. Today, collectively, that account is over a million. The account hit a million within 5 years. And my net worth is a bit north of 1.7M - I know it's not much compared to these guys; but it's something and at least I can sleep at night and I know that I will make it almost for sure. So, now, my job is to try to generate more and more cash to shove into the SP500. It works; but yes, you are not going to get multi millions like these guys. We don't know what the future holds for risk takers - we just don't.
I definitely agree with alot of what you say! I am big into index funds and automatic investments each week. just starting with real estate. Just started with individual stocks in September and up about 6k so far give or take 2k daily based on market fluctuations. Investing steady in 401k and roth ira index funds with company match. Taking some risks with individual stocks is exciting because of the possibilities but I don't invest with debt and I never invest more than I can afford to lose. It gives me a chance at building wealth quickly in addition to my slow and steady long term index fund investing.
@@thebestthingthatneverhappe6729 yup I took about 10% of my portfolio and bought a bunch of battered stocks in 2020. My indexes have scaled enough that each 1% gives me about 10k. So, it’s pretty crazy to see it move so rapidly nowadays. Indexes work.
@@dommafia hah! I got Netflix for entertainment. But I do have some trading happening. My indexes return about 10k every 1% move up. In 20 years, it’ll be 40k-70k per 1%. To me, that’s pretty exciting. But yes, it’s definitely not DUMB MONEY exciting.
Lol I relate to so many of the things being discussed here. Especially resonant was the "buying a bunch of something as a place holder" strategy. It's just the way my brain works. I have to buy something to start caring about what it is, and once I do that I'm more motivated to do more research quickly.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
When i watch the guy on CNBC talking making from 20k to 2M$ with few shot. I was like « damn, why this guy don’t have UA-cam channel » And months and months after I just fall on this video 🙌🏼 thanks for sharing your leverage !
Nope do not do Margin. I took my $770K from 2019 and turned it into $13.5M with no use of margin. I also did it with minimal risk. I took it all and bought way out of the money LEAPS on TSLA. I am still invested 99% in way OTM LEAPS on TSLA. This is my plan for at least 5 years. Rolling them forward prior to expiration. Oh yes and early in 2019 I converted all my IRA to ROTH IRA and paid off the IRS. So all that $13.5M is in a ROTH IRA. I am not a financial guru. Just a 60 year old retired engineer. But as you say you have to be prepared to lose. I was ready to lose it all. Glad I gained. I also spent $100K on some toys and built a couple churches in my village in Mexico. My best advice is pray for wisdom and have faith in God. I did and I do.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
good! Stay in cash. Not everyone can do what DumbMoney guys do. Trust me it hurts to lose everything. I did...and I had to start over. Starting over fuking sucks. Best way to invest is explained by John Bogle and JL Colins...my videos follow the same advice.
i did 60% last year sold as the crash started and made 140% this year only using "boring" companies (Nordstrom+Stor) just did 80% in like two weeks on half my portfolio. I want to 4x my portfolio to two million that way i can stop working my low-paid jobb invest full time and work for charitys half time and honestly have fun investing insted of having this stress of finding investments while spending 13-16hours at work it is such a multi tasking.. I would have made so much more money this year if i did not have to earn money on work. Just to lett ppl know, just looking at fundementals and predicting the future of a company can make you money, you don't have to refresh the news feed untill something hitts. Just have more information then the normal investor; i don't think wall streat had any idea what company was growing there online revenues during 2020..so easy money.
Chris your Inspiring! From dead broke and stuck in millennial spending to a Young investor in my 20's with 20 k and climbing in my portfolio, (Hopefully I dont lose it all) . One day I hope to have that 2 million. Keep up the great work paying it forward. Definitely love to be on the channel one day if you do that and Ill pitch a great stock your missing. Thank you!
Huge appreciation guys. You've become a positive part of my daily routine.. get up, load a bowl, pour a cup, then click play on the latest Dumb Money drop. Soon as I hear that Ooo ooo OOO ooo, ooo ooo OOO ooo.. I feel like I'm sitting down to watch my team play in a final, but it's every day! I truly appreciate your honesty, transparency and the overall relaxed and informal delivery of the channel. T-shirts, not ties, yeeewww!! Thanks guys, have a safe and enjoyable Christmas/NY and all the very best to you and yours in 2021.
I understand the power of using leverage , especially powerful if you know what you’re doing . However , using high leverage has to come with a good risk management strategy and I wish that the guy in the middle touched more on his risk management strategy in case things don’t go his way .. And the way the stock market works , that can easily happen : ))
The old financial media and current for the most part is one pump and dump scheme big players use them to push a message they can take advantage of. Like pump apple so they can exit their positions. I'm so happy to have people like you guys on youtube who are REAL and actually want to help other people change their lives. Thanks guy keep it up, good luck in 2021 see you in Discord
It's hard for someone like me to critique Chris. His goal of accelerating wealth is great and everything but I don't think he's had a big enough loss on this run to truly appreciate the law of the drawdown. After all, if you lose 50% of your net worth then you have to make 100% just to break even. So with such a large account already, taking on outsized risk is a detriment to multiplying his account. Unless he takes proper risk minimization precautions after he places those trades, which he is probably doing. Risk is good but I would think I would start toning it down at the $10M mark! I am sure he knows what he is doing, I'm just making a comment from where I see it.
*Lol "My car is almost a beater" - Chris* My net worth is nowhere near Chris and I drive a 2005 truck. I could easily afford a hig end car like you know the guy up the street to play the part... I will keep investing.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
@@chriswong8636 Right now there is a lot of scammers. How do I know he is legit if he doesn't even have a good website and videos? I appreciate you taking the time to write this post. Since you create your UA-cam account last month, if you want people to trust you, you can post some videos of you talking, it can be on anything to build your credibility.
I don't understand why someone as aggressive as Chris doesn't just use index futures as his primary form of leverage. With futures you get 10x leverage on invested capital on an index and you don't pay interest on that margin. I would never pay these crazy 5% to 8% annualized interest rates to buy more stock when you can get 5x more leverage and no interest costs in the futures market. With 10x leverage if you are able to cumulatively capture a net 10% move in an index (up or down) over the course of a year you will double your invested capital. I don't know about other people but I am much more confident in my ability to interpret the technicals on an index well enough to cumulatively capture 10% in a year and double my money, than I am in my ability to pick a few needle in the haystack type individual stocks that happen to double in a given year. 2020 has been a unique year because of Covid19, but normally you don't see as many large cap stock doubling at any point inside a calendar year as we have this year.
I generally trade individual equities on leverage so those index futures don’t work for me. For example, I’m heavy levered in amazon this week which is not trading in sync with any index. Also, my margin borrowing rate is roughly 2%, so not crazy bad. I do agree 2020 is a crazy anomaly abs don’t expect these massive moves going forward
DM great episode; do you have different brokerages for margin meaning do you shop around for the best rate or are all brokerages within the same range of interest/call rules?
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
Really love this channel!, I have a question for Chris, why don't you get into selling options using your comfort zone margin on a weekly basis?. As it is the stocks are sideways 70% of the time. With the margin you described you would be able to compound some good money.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
@@kauaicouple hahaha let’s see, if u know future or you are just bluffer. What color tshirt I will wear tomorrow?? Future teller.. u have no future now
I have been a full time trader since leaving my Tech job in 2009. A lot of my wealth came from buying so low after the crash. I wouldn't feel comfortable with anything less than 5 million at my age of 48 years old. Yes, I do use margins.
Guys check out the margin interest rates at interactive brokers, they look a *lot* cheaper! I have been thinking about moving my accounts there, I wish I had your insights on how to use margin correctly in 2020.
There is no "right way" of using margin. Its just what youre comfortable with and you can still sleep at night. Know your downside risk of loss and be prepared for a margin call. Just leave some wiggle room for prices to drop a little and know ahead of time what you will sell if you get a margin call. Margin call isnt the end of the world. If you think about it you are invested 2 to 1 if you are at 50% margin....if you dont think prices are going up you shouldnt be invested at all. If you think prices go higher then why not borrow to get 2x the gains?? Margin makes sense if you have a STRONG bullish view. Thats about it. If you think the market will go sideways or down not worth using it.
I love this show! Just started trading in September, can’t use margin or do options trading yet on Wealthsimple, however I’ve doubled my account from $4k to a little over $8k since October.
@@bellam339 it’s dropped slightly now, I had positions in $FNKO, $SU $CGX and $MMED. Now I’m in $MMED, $CYBN, $NUMI and $NEXE. My largest position is $MMED I’ve been buying it since the Shroom Boom episode.
@@RichardLalonde I don’t double my money in three months, ever. We have very different styles of investing. I buy a few companies every year that are far above average quality and growing companies, and try to buy them at really appealing valuations. This year, thanks to the pandemic I have made around 50%, normally I make 20-30% a year. Your companies may double but I could never sleep at night holding those companies. Your not buying those stocks because you believe in the companies are you? Ur just making a calculated trade I assume? Those companies are not very good I think you would agree for holding over a three to five year period which is what I do. I think u said u owned a cinema company for example. I could never trade I guess. It’s hard. With my style of investing I just buy and then sit back and wait and let the money seep in slowly. For example I bought companies near their March lows like FDX and FB. However I also bought financials which so far this year I am up more like just 50%. Although the difference being financials are still extremely undervalued. Financials like SBNY and OZK. Do you mind me asking how long you have been investing for? Your account sounded very small ( no offence we all start somewhere) but perhaps you have recently started or perhaps you have made large losses too??Trading can be risky-have you madeany big losses before? I am just curious.
@@bellam339 I’ve only started self investing at the end of September. I’m just learning, and found the Dumb Money guys after the Pokémon box fail video. Everyone has a different risk tolerance and style, I’m new and just getting started.
Do you guys keep a small cirle of friends? I feel like the more friends I hang out with the more side tracked i get with my trading and businesses I'm working on.
I am one of the victims. At the beginning, the software seemed to be really professional and real. I found a lot of good reviews about its performance and delivery results. Therefore, I decided to invest in it and try to succeed in the field of online trading. Soon, I realized that the software was eating up all my investment. The broker is nothing but a dangerous and fraudulent platform. I invested more than 140,000 U.S. dollars and could not withdraw my funds. A few months passed and I still got nothing. So, I reached out to help me recover the funds, I have been able to recover $100,000, and the remaining $40,000 is still in progress. I really don't know how happy I am. Contact him via email (elvishercules48@gmail.com)
Actually dave ramsey told people to buy airlines and cruises just as they started to crash Hes since deleted the video from UA-cam They still haven't recovered.
@@brendansmith7842 hah! is that right? I bought some Airlines and Cruselines when they dropped. I bought cruseliners knowing that it will take a while to come back up. All the airline stuff is doing really well. 2020 been nuts...I still gotta do my calculations but up 200k approx; and I'm a 90% indexer. Crazy ass year.
Why don't you talk about how much % of your PF value do you have in margin / risk account, rather than the absolute numbers? People who are new to this get the wrong impression because it looks like big numbers while you're actually reasonably conservative.
I've always wanted to invest in forex/stock trading, after a few trials I realized that trading without a good mentor and guidance is a waste of time and money.
Despite the rampant scams among account Managers, i highly recommend that as beginner, you should find a good expert trader to help and guide you through the beginners phase of forex trading so that you don't lose money and Mr Andy Calistoga is a trusted man i can recommend
Honesty and trust means a lot to me that's why I still trade with Mr Andy. It's been 7months now and I haven't had reasons to doubt his competence. Traders/Account managers like him are hard to come by.
Greetings mate I'm from Chicago,l just started trading last week, I am a beginner I never believed l'll make upto $18,000 in just 1 week from trading but when I met Mr Elvis he guided me for free with his strategy and he guides me with the exact time frame to trade and now I just received my first withdrawals $18k in my bank account today I'm very happy I recommend you contact him now he is very honest and trustworthy he will guide you to make consistent profit
These guys are fucking aweosme. Best channel I've subscribed to literally EVER. love it. stock, personal finances, life, it works guys. hope this channel moons!!! Crushing it. P.S. buy mmed
Chris says on every video we're not financial adviors, I don't know your risk tolerence, don't copy our trades. In Trumps voice wroooong.... you're smarter than Financial advisors 😂
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
Dave wouldn't be comfortable with anything less than 2 million not having a job and Jordan wouldn't be comfortable having under 4-8 million. Meanwhile, I quit my 6 figure day job with maxed out credit credits to use as capital to fund my business. I had no stocks and just 401K. My net worth isn't close to any of those guys. My business is now a 7 figure revenue business. I guess it's all on how you live and your spending habits. If you needed millions of dollars to quit your day job, 99.9% would never reach there dreams becoming a business owner/entrepreneur. You don't need millions of dollars to leave your day job. *Take the risk guys!*
Jordan literally spends close to nothing but is just paranoid. You would be shocked the degree to which he micro manages his household expenses down to the $1. I think I he got his electricity bill to under $100/month by installing sensors and timers on everything. Fave just likes buying nice camera equipment and I enjoy my house abs nice trips occasionally but not much else -C
@@DumbMoneyLiveall 3 of you guys are awesome. I like Jordan on the show alot since he reminds me of myself. I too am like Jordan in many ways. Higher income and lower expenses. But it has worked well for Jordan especially it sounds like in his startups
mike rosehart would be taking some of the money off the table, making sure you could pay your monthly bills and retire.i dont see any logic in risking everything at this point.
Greetings mate I'm from Chicago,l just started trading last week, I am a beginner I never believed l'll make up-to $18,000 in just 1 week from trading but when I met Mr Elvis he guided me for free with his strategy and he guides me with the exact time frame to trade and now I just received my first withdrawals $18k in my bank account today I'm very happy I recommend you contact him now he is very honest and trustworthy he will guide you to make consistent profit
My oh my... sure there is some stuff you can learn here. But these guys are really living up to the “dumb money” name. Careful out there using margin to quite literally “bet”.
That's easy they borrowed money to get where they are. lol 🤣 Nine years in debt that's how they learned, it wasn't a road without huge risks and potentially disastrous effects on their bottom line. I think it's great what they have done, but it's easy to see how they got here. Margin is borrowing money. The risks are huge. And I think risks are necessary to make it to where they are. Strong stomach for sure.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
Dr Lydia Virginia Woodruff is holding a very high prestige and reputation in personal financial management. I’m happy you mentioned her. My wife recommended her to me after investing 3 grand and she really helped us in times of this bad pandemic crisis. I’m close to my retirement and this has been and well remain a good survival for me
If you knew about bitcoin since 10 years ago you won’t be poor ever again . But the truth is that is never late to bitcoin , this year bitcoin is hitting the moon.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
If you are going to risk 40% of your account on one play by all means go nuts. The idea that separating money into "risk buckets" or that there is any inherent difference between different allocations of money is an absurd rationization. Saying "I'm not going to risk 10% of my 10 dollars,that would be crazy" and turning around and saying "well you know what, I am willing to risk 100% of 1 dollar" is just a dumb way to convince yourself into over leveraging.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
Don’t forget massive annual taxes (almost entirely short term gains) and ofcourse paying for life. It’s cuts that compounding down significantly. My trading account earlier this year was < $7M
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
I got to test the waters first just to make sure it wasn’t a hoax. I’ve accumulated a staggering amount from my trades with the help of a pro trade analyst, Hestrel Egan. You can look him *Hestrelegan . info* on his biopage for further discussion.
The neatest thing about retiring comfortably is that I do not have to be part of the rat race anymore, I get to watch and get amused by rats scurrying as if possessed
Personally did a thorough research as you said and reached out on his webpage. We got talking on messenger. +40371700314. l’m glad to have taken you advise.
The best thing that should be on every wise individual's list is Investing into different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard.
Bitcoin will go higher than expected and the best thing to do is to invest what we hold. As for me an expert trader helps me trade and my crypto has been on a steady increase.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
@@user-bm8kl3dd4c I know you're asking the other guy but let me jump in here. He is probably talking about trading profits; which is fine, if it works for him. It seems to work for 'Dumb Money' gang (the 3 guys in these videos). Keep in mind though, that it usually doesn't work for everyone. In fact, most people lose money doing margin trading. But, I would like to give you one way where you can make a lot of money per month and it's resilient/long term generational wealth. It's a 3 prong approach. 1) a great good paying job 2) a portfolio based on low fee index funds 3) a real estate portfolio - If you can work these 3 things in parallel in your life; you can create amazing wealth. I've done all 3 but not at a super high level. I was able to go from nearly 0 to 1.7M now in about 10/12 years. I. know it's not a lot like the 'Dumb Money' guys, but it's something. When the stock market goes up 1%, I get about 10k; in 20 years, that'll be 40-70k per 1%up. My job also helps...I started with $3.25 an hour and in my last job got $90/hr (includes benefits)...I'm right now negotiating $105/hr with a new job. My real estate game is weaker as I only have bought two houses, one was sold for 200k above cost...and the other I still own that has grown to 600k higher than cost. I plan to expand my real estate portfolio in coming years to include rental units. So, maybe this helps, maybe it doesn't but there is a way for you to get there slow/steady/safely rather than 4Xmargin trading or something. I'm here if you have any questions. Sorry if I went on too long. Didn't wanna leave ya hangin
@@AmanBansil What you’re doing or did is very logical, I’m young and retarted, I’ve been working since I’m 15 and I’m 20 now, and i want to 1.7M but way quicker, because I don’t think i wanna work my entire life, the main reason i wanna be rich is so i can experience life not have to work all the time. I need passive income somehow
I am not surprised that Chris is making more money because the higher the risk, the higher the reward. Should we say that he has steel lungs when it comes to dealing with higher risks successfully? Now what is your risk tolerance? Are risk adverse or do you take on the risks like Chris?
yeah I saw the same thing with bitcoin in 2018... all in + margin buy at 16,000$ guess what.... didnt turn out so well. Everybody is smart when all the market goes up
"It's hard to make 60% a year for 50 years"... These people don't know how to make money. They are gamblers, maybe not even good ones. Don't trust them
@@billestep6804mmh. . He said making 60% a year on average. The best record ever from the best investor ever is 20,9% annualized over 65-70 years. That would make you among the richest men on earth. I've never heard of any of these cool bros before. If they make even just 25% a year, why aren't they billionaire instead of trying making money on UA-cam? 🤣
What he invested in @ 34:45
His interest rate @ 42:00
Amazon + Recovery Stocks
2-2.2% Interest
Thank you!
That's an insane punt to pay over 2% on a margin loan that big.
Thank you
It reminds me of Warren Buffet saying "if you are smart you dont need margin, if you are dumb you have no business of using it"
He's been wrong a time or two though.. But I like the wisdom in that statement.
Buffet uses margin all the time. It's just hedged well.
@@Pawnlust If you actually read the statement, he says nowhere that he doesn't use it or that you shouldn't, that makes the statement even more interesting. He does not use regular margin, he uses insurance float and margin on OTC option contracts
If you really think a stock is going to go up why would you not use margin, because if your scared on margin then you really must not be convicted it’s going to go up
I've done this where I borrowed (1) against a credit card to dump into a stock, (2) put money into a company that was a fraud...and, of course, (3) put everything into a single stock, which was not a fraud but the market just killed it. I can tell you that THIS is not ok for 99.99% of the people. It's a gamble, in which you win due to, mostly, luck, and some skill. In my case, (1) my credit card borrowing (during the 2007-10 time) actually paid off really well - I was buying battered companies; made a ton. My (2) fraud company buy was a company that looked amazing on paper and a friend recommended it...I didn't understand the investment that well. I had to sell all my shares for $1 (that's how to take off a 99.9% loss off your account). And, my biggest failure of all (3) was an Oil and Gas company, which got caught up in commodity pricing wars - and I had rode that thing up where my account was once worth around 450K or so...and I had 2X margined that ....so, total position was around 900k (approx). I lose all but 40k in that stock. Margin kills you and it can kill you fast. As you get more and more money this way, you end up taking more and more risk. HERE IS MY RECOMMENDATION FOR THE 99.99% OF YOU (do your own research) - BUY and HOLD low fee market index funds like the SP500 for a very long time, buy monthly, keep buying, never panic sell. I know it's "boring" but it works.
After I lost everything, I went numb for a few months and then got up and took a look at my situation. I sold a house that I had bought in 2009 (luckily) and I used the proceeds (270k) to buy into the SP500. I asked for raises at my job, for better titles...and I invested heavily into SP500. Today, collectively, that account is over a million. The account hit a million within 5 years. And my net worth is a bit north of 1.7M - I know it's not much compared to these guys; but it's something and at least I can sleep at night and I know that I will make it almost for sure. So, now, my job is to try to generate more and more cash to shove into the SP500. It works; but yes, you are not going to get multi millions like these guys. We don't know what the future holds for risk takers - we just don't.
Boooooooooring
I definitely agree with alot of what you say!
I am big into index funds and automatic investments each week. just starting with real estate. Just started with individual stocks in September and up about 6k so far give or take 2k daily based on market fluctuations. Investing steady in 401k and roth ira index funds with company match.
Taking some risks with individual stocks is exciting because of the possibilities but I don't invest with debt and I never invest more than I can afford to lose.
It gives me a chance at building wealth quickly in addition to my slow and steady long term index fund investing.
@@thebestthingthatneverhappe6729 yup I took about 10% of my portfolio and bought a bunch of battered stocks in 2020. My indexes have scaled enough that each 1% gives me about 10k. So, it’s pretty crazy to see it move so rapidly nowadays. Indexes work.
@@dommafia hah! I got Netflix for entertainment. But I do have some trading happening. My indexes return about 10k every 1% move up. In 20 years, it’ll be 40k-70k per 1%. To me, that’s pretty exciting. But yes, it’s definitely not DUMB MONEY exciting.
Lol I relate to so many of the things being discussed here. Especially resonant was the "buying a bunch of something as a place holder" strategy. It's just the way my brain works. I have to buy something to start caring about what it is, and once I do that I'm more motivated to do more research quickly.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
@@mikewong7783 Spammer alert
When i watch the guy on CNBC talking making from 20k to 2M$ with few shot. I was like « damn, why this guy don’t have UA-cam channel »
And months and months after I just fall on this video 🙌🏼 thanks for sharing your leverage !
Exactly the same happened to me!
@Truth Hurts , he was in market wizard episode or chapter book , which you should verified your statement before the interviewed .
Its easy to bet 18 mil when you’re Drew Brees.
I cannot un-see it now.
He's be the bees knees.
Nope do not do Margin. I took my $770K from 2019 and turned it into $13.5M with no use of margin. I also did it with minimal risk. I took it all and bought way out of the money LEAPS on TSLA. I am still invested 99% in way OTM LEAPS on TSLA. This is my plan for at least 5 years. Rolling them forward prior to expiration. Oh yes and early in 2019 I converted all my IRA to ROTH IRA and paid off the IRS. So all that $13.5M is in a ROTH IRA. I am not a financial guru. Just a 60 year old retired engineer. But as you say you have to be prepared to lose. I was ready to lose it all. Glad I gained. I also spent $100K on some toys and built a couple churches in my village in Mexico. My best advice is pray for wisdom and have faith in God. I did and I do.
I honestly dont think i would ever invest on margin. I only invest what i got. i hate debt
Greetings mate where are you from?
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
good! Stay in cash. Not everyone can do what DumbMoney guys do. Trust me it hurts to lose everything. I did...and I had to start over. Starting over fuking sucks. Best way to invest is explained by John Bogle and JL Colins...my videos follow the same advice.
@@chriswong8636 oregon
@@chriswong8636 oregon..usa
I didn't know drew brees did stock market analysis...
i did 60% last year sold as the crash started and made 140% this year only using "boring" companies (Nordstrom+Stor) just did 80% in like two weeks on half my portfolio.
I want to 4x my portfolio to two million that way i can stop working my low-paid jobb invest full time and work for charitys half time and honestly have fun investing insted of having this stress of finding investments while spending 13-16hours at work it is such a multi tasking..
I would have made so much more money this year if i did not have to earn money on work.
Just to lett ppl know, just looking at fundementals and predicting the future of a company can make you money, you don't have to refresh the news feed untill something hitts. Just have more information then the normal investor; i don't think wall streat had any idea what company was growing there online revenues during 2020..so easy money.
Confetti should fly and a champagne bottle should pop when Chris is going to make a trade XD
Chris going after the Tres Comas, I salute you!
Chris your Inspiring! From dead broke and stuck in millennial spending to a Young investor in my 20's with 20 k and climbing in my portfolio, (Hopefully I dont lose it all) . One day I hope to have that 2 million. Keep up the great work paying it forward. Definitely love to be on the channel one day if you do that and Ill pitch a great stock your missing. Thank you!
Huge appreciation guys. You've become a positive part of my daily routine.. get up, load a bowl, pour a cup, then click play on the latest Dumb Money drop. Soon as I hear that Ooo ooo OOO ooo, ooo ooo OOO ooo.. I feel like I'm sitting down to watch my team play in a final, but it's every day! I truly appreciate your honesty, transparency and the overall relaxed and informal delivery of the channel. T-shirts, not ties, yeeewww!! Thanks guys, have a safe and enjoyable Christmas/NY and all the very best to you and yours in 2021.
I put all my money in the stocks toward the end of last year ... turned 5k into 30... yeah Im into stocks now :)
30 dollars? You should quit before you lose it all.
@@stupedcraig i lost it all. from 4k to 29k
@@eyob8969 Nice! Time to leverage the margins!
@@stupedcraig yup. i will 10x leverage that baby and get her back to 30k. at this point i will either be living in a yacht or cardboard.
Love the mindset investment gurus. My own theories of gurus are those whose proven track record of walking the talk.
I understand the power of using leverage , especially powerful if you know what you’re doing . However , using high leverage has to come with a good risk management strategy and I wish that the guy in the middle touched more on his risk management strategy in case things don’t go his way .. And the way the stock market works , that can easily happen : ))
The old financial media and current for the most part is one pump and dump scheme big players use them to push a message they can take advantage of. Like pump apple so they can exit their positions. I'm so happy to have people like you guys on youtube who are REAL and actually want to help other people change their lives. Thanks guy keep it up, good luck in 2021 see you in Discord
Appreciate the kind words. -C
Love leveraging with margin on a good idea, why I used margin on Bitcoin at 3200 and ETH at 200
You must be living life right now 😂
Thoughts on still buying bitcoin and ETH?
@@markavelisocal Party just started.....jus remember to take your initial investment out along the way.
Woah I didn’t know he had trouble, early on then lending money and put it all in that stock in the early days and lost. How he came back amazing.
Where's the person with the chapter/segment time links? :(
Damn, i never knew Drew Brees (middle) was involved in UA-cam videos....lol.
And Brady wearing the backwards hat too
Its young magneto.
I love the look of genuine concern on your guys' faces when he starts talking about how much margin he has.
It's hard for someone like me to critique Chris. His goal of accelerating wealth is great and everything but I don't think he's had a big enough loss on this run to truly appreciate the law of the drawdown. After all, if you lose 50% of your net worth then you have to make 100% just to break even. So with such a large account already, taking on outsized risk is a detriment to multiplying his account. Unless he takes proper risk minimization precautions after he places those trades, which he is probably doing. Risk is good but I would think I would start toning it down at the $10M mark! I am sure he knows what he is doing, I'm just making a comment from where I see it.
*Lol "My car is almost a beater" - Chris* My net worth is nowhere near Chris and I drive a 2005 truck. I could easily afford a hig end car like you know the guy up the street to play the part... I will keep investing.
Margin rate on robinhood is 2.5 percent. As long as you're careful and have stop losses in place margin works out great. It's like free money.
If you're a badass, you don't need to use margin. If you need it, you cannot afford it.
19:17 This is epic!!
Every dollar is a hundred dollars!!
I don't understand why he said that ?
@@moneyparadise7815 He is basically talking about the opportunity cost of spending that dollar rather than investing it where it could grow 100x
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
@@chriswong8636 Right now there is a lot of scammers. How do I know he is legit if he doesn't even have a good website and videos? I appreciate you taking the time to write this post. Since you create your UA-cam account last month, if you want people to trust you, you can post some videos of you talking, it can be on anything to build your credibility.
@@chriswong8636 your videos? couldn't prove me wrong?
"(...) The money has to come from somewhere, right?" 🤣
Love how frugal Jordan is! Come on guys with that money... No Lambos!!
I don't understand why someone as aggressive as Chris doesn't just use index futures as his primary form of leverage. With futures you get 10x leverage on invested capital on an index and you don't pay interest on that margin. I would never pay these crazy 5% to 8% annualized interest rates to buy more stock when you can get 5x more leverage and no interest costs in the futures market.
With 10x leverage if you are able to cumulatively capture a net 10% move in an index (up or down) over the course of a year you will double your invested capital.
I don't know about other people but I am much more confident in my ability to interpret the technicals on an index well enough to cumulatively capture 10% in a year and double my money, than I am in my ability to pick a few needle in the haystack type individual stocks that happen to double in a given year. 2020 has been a unique year because of Covid19, but normally you don't see as many large cap stock doubling at any point inside a calendar year as we have this year.
I generally trade individual equities on leverage so those index futures don’t work for me. For example, I’m heavy levered in amazon this week which is not trading in sync with any index. Also, my margin borrowing rate is roughly 2%, so not crazy bad. I do agree 2020 is a crazy anomaly abs don’t expect these massive moves going forward
17 downvotes >>> shame on you who did that!
DM great episode; do you have different brokerages for margin meaning do you shop around for the best rate or are all brokerages within the same range of interest/call rules?
Definitely suscribed & liked!!! Thx so much guys. Merry Christmas to all 3 of you!
yeah I mean only 2 million that's life on the edge
Haha, but something to consider: 2 million feels like almost nothing once you get used to having 20 million.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
Really love this channel!, I have a question for Chris, why don't you get into selling options using your comfort zone margin on a weekly basis?. As it is the stocks are sideways 70% of the time. With the margin you described you would be able to compound some good money.
You want compensated risks. And you don't want any uncompensated risks.
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
Interactive Brokers has like 1.4% margin interest.
That is insanely low...i didn't know this was even possible... Lowest I have seen is robinhood just announced 2.5 I think
Exactly what I was thinking. Actually 0.75 percent anything borrowed over 1 million.
@@ronfoulkes7523wow...need to get to that level soon lol (I am guessing one has to have that much roughly to take that much out)
Yea but I can’t handle the UI
@@DumbMoneyLive lol agreed... My favorites are td & fidelity
IN FUTURE NEWS: Chris is homeless.
Do you know the future ?? u have crystal ball ?? No one knows my friend. At least salute to his bravery.
@@AnnaLia120 yes i do...and the future looks very bleak for you my friend....MUAHAHAHAHAHA
@@kauaicouple hahaha let’s see, if u know future or you are just bluffer. What color tshirt I will wear tomorrow?? Future teller.. u have no future now
@@kauaicouple poor MUAHAHAHAHA
@@AnnaLia120 i can see your future tomorrow....you will still not be able to speak english properly....MUAHAHAHAHA
I have been a full time trader since leaving my Tech job in 2009. A lot of my wealth came from buying so low after the crash. I wouldn't feel comfortable with anything less than 5 million at my age of 48 years old. Yes, I do use margins.
teach me your ways!
Guys check out the margin interest rates at interactive brokers, they look a *lot* cheaper! I have been thinking about moving my accounts there, I wish I had your insights on how to use margin correctly in 2020.
There is no "right way" of using margin. Its just what youre comfortable with and you can still sleep at night.
Know your downside risk of loss and be prepared for a margin call. Just leave some wiggle room for prices to drop a little and know ahead of time what you will sell if you get a margin call. Margin call isnt the end of the world. If you think about it you are invested 2 to 1 if you are at 50% margin....if you dont think prices are going up you shouldnt be invested at all. If you think prices go higher then why not borrow to get 2x the gains??
Margin makes sense if you have a STRONG bullish view. Thats about it. If you think the market will go sideways or down not worth using it.
Wow, bought the absolute market top on PTON. Ouch!
I love this show! Just started trading in September, can’t use margin or do options trading yet on Wealthsimple, however I’ve doubled my account from $4k to a little over $8k since October.
You doubled your money in three months? What did u invest in?
@@bellam339 it’s dropped slightly now, I had positions in $FNKO, $SU $CGX and $MMED. Now I’m in $MMED, $CYBN, $NUMI and $NEXE. My largest position is $MMED I’ve been buying it since the Shroom Boom episode.
@@RichardLalonde I don’t double my money in three months, ever.
We have very different styles of investing.
I buy a few companies every year that are far above average quality and growing companies, and try to buy them at really appealing valuations. This year, thanks to the pandemic I have made around 50%, normally I make 20-30% a year.
Your companies may double but I could never sleep at night holding those companies. Your not buying those stocks because you believe in the companies are you? Ur just making a calculated trade I assume? Those companies are not very good I think you would agree for holding over a three to five year period which is what I do. I think u said u owned a cinema company for example. I could never trade I guess. It’s hard.
With my style of investing I just buy and then sit back and wait and let the money seep in slowly.
For example I bought companies near their March lows like FDX and FB. However I also bought financials which so far this year I am up more like just 50%. Although the difference being financials are still extremely undervalued. Financials like SBNY and OZK.
Do you mind me asking how long you have been investing for? Your account sounded very small ( no offence we all start somewhere) but perhaps you have recently started or perhaps you have made large losses too??Trading can be risky-have you madeany big losses before? I am just curious.
@@bellam339 I’ve only started self investing at the end of September. I’m just learning, and found the Dumb Money guys after the Pokémon box fail video. Everyone has a different risk tolerance and style, I’m new and just getting started.
@@RichardLalonde well good luck keep it up!
He said you ready to lose 70%? Lol fuck yeah. That's the deal man.. Don't bring money to the table you don't wanna lose.
Can you guys take turns talking about these topics? For instance we didn't hear much about Jordan's leverage strategies. Not even much about Dave's.
Can you give the other two a chance to talk?
Really enjoyed this video. Appreciate you guys creating this channel and sharing your expertise!
why don't you get LAL liquidity access line which 3.00-3.50% at the moment at my institution for example
My thesis is that we are going to see a good dip in the near as reality starts to set in.
I agree, we are due for a little correction. It might even begin at the end of this month.
Just make sure you buy the dip. I see so many bears bearing but when the market was down 30% guess what they were doing lol.... still being bears.
I was wondering when someone other than Chris was going to do the disclaimer but nobody does it like him lol
Do you guys keep a small cirle of friends? I feel like the more friends I hang out with the more side tracked i get with my trading and businesses I'm working on.
I am one of the victims. At the beginning, the software seemed to be really professional and real. I found a lot of good reviews about its performance and delivery results. Therefore, I decided to invest in it and try to succeed in the field of online trading. Soon, I realized that the software was eating up all my investment. The broker is nothing but a dangerous and fraudulent platform. I invested more than 140,000 U.S. dollars and could not withdraw my funds. A few months passed and I still got nothing. So, I reached out to help me recover the funds, I have been able to recover $100,000, and the remaining $40,000 is still in progress. I really don't know how happy I am. Contact him via email (elvishercules48@gmail.com)
Dave Ramsey would have a seizure if he watched this video
Lollllllllllll
haha major facts
🤣 🤣 🤣
Actually dave ramsey told people to buy airlines and cruises just as they started to crash
Hes since deleted the video from UA-cam
They still haven't recovered.
@@brendansmith7842 hah! is that right? I bought some Airlines and Cruselines when they dropped. I bought cruseliners knowing that it will take a while to come back up. All the airline stuff is doing really well. 2020 been nuts...I still gotta do my calculations but up 200k approx; and I'm a 90% indexer. Crazy ass year.
Why don't you talk about how much % of your PF value do you have in margin / risk account, rather than the absolute numbers? People who are new to this get the wrong impression because it looks like big numbers while you're actually reasonably conservative.
AWESOME STORY!!
UPDATE PLEASE!!
THANK YOU :)
I've always wanted to invest in forex/stock trading, after a few trials I realized that trading without a good mentor and guidance is a waste of time and money.
Despite the rampant scams among account Managers, i highly recommend that as beginner, you should find a good expert trader to help and guide you through the beginners phase of forex trading so that you don't lose money and Mr Andy Calistoga is a trusted man i can recommend
I have made so much profits mining bitcoin with the help of Mr Andy Calistoga. 14.017 btc already mined with more still to come
Honesty and trust means a lot to me that's why I still trade with Mr Andy. It's been 7months now and I haven't had reasons to doubt his competence. Traders/Account managers like him are hard to come by.
(A n d y c a l i 9 2 4 @ y a h o o . c o m)
Scam alert wee woo wee woo
What stock is the bet on?
Greetings mate I'm from Chicago,l just started trading last week, I am a beginner I never believed l'll make upto $18,000 in just 1 week from trading but when I met Mr Elvis he guided me for free with his strategy and he guides me with the exact time frame to trade and now I just received my first withdrawals $18k in my bank account today I'm very happy I recommend you contact him now he is very honest and trustworthy he will guide you to make consistent profit
These guys are fucking aweosme. Best channel I've subscribed to literally EVER. love it. stock, personal finances, life, it works guys. hope this channel moons!!! Crushing it. P.S. buy mmed
Really appreciate that
48:45 the playing a lot of golf part is the deal breaker for me :P
Just had youtube recommend this to me. Wonder how it worked out🤔
Chris says on every video we're not financial adviors, I don't know your risk tolerence, don't copy our trades. In Trumps voice wroooong.... you're smarter than Financial advisors 😂
they say that so you don't go and think you have their strategy down and go lose money lol
which video talks about the clear view office windows?
You guys are awesome love this content! I just put $100k in the market after selling my business, looking forward to following you guys!
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
Dave wouldn't be comfortable with anything less than 2 million not having a job and Jordan wouldn't be comfortable having under 4-8 million. Meanwhile, I quit my 6 figure day job with maxed out credit credits to use as capital to fund my business. I had no stocks and just 401K. My net worth isn't close to any of those guys. My business is now a 7 figure revenue business. I guess it's all on how you live and your spending habits. If you needed millions of dollars to quit your day job, 99.9% would never reach there dreams becoming a business owner/entrepreneur. You don't need millions of dollars to leave your day job. *Take the risk guys!*
Well they most likely have million+ homes they need to maintain
I saw you on other channels... you run an e-commerce business?
I did the same. Left my job with 20k to start my biz. Now part time investor 7 figures and starting another biz soon
Jordan literally spends close to nothing but is just paranoid. You would be shocked the degree to which he micro manages his household expenses down to the $1. I think I he got his electricity bill to under $100/month by installing sensors and timers on everything. Fave just likes buying nice camera equipment and I enjoy my house abs nice trips occasionally but not much else -C
@@DumbMoneyLiveall 3 of you guys are awesome. I like Jordan on the show alot since he reminds me of myself. I too am like Jordan in many ways. Higher income and lower expenses. But it has worked well for Jordan especially it sounds like in his startups
drew brees is a savvy investor.....I loved his partner gavin orsay on house of cards......u cannot unsee it!!! coinz
Best comment
mike rosehart would be taking some of the money off the table, making sure you could pay your monthly bills and retire.i dont see any logic in risking everything at this point.
Greetings mate I'm from Chicago,l just started trading last week, I am a beginner I never believed l'll make up-to $18,000 in just 1 week from trading but when I met Mr Elvis he guided me for free with his strategy and he guides me with the exact time frame to trade and now I just received my first withdrawals $18k in my bank account today I'm very happy I recommend you contact him now he is very honest and trustworthy he will guide you to make consistent profit
elvishercules48@gmail.com)
My oh my... sure there is some stuff you can learn here. But these guys are really living up to the “dumb money” name. Careful out there using margin to quite literally “bet”.
Wow!! Watching this on a Friday night makes for a long weekend. Is it Monday yet? Might take a trip to Winstar🤔😂. Great video guys🙏🏽
i went to winstar yesterday lol new years eve!
Almost there
Love these guys. Future role models easily. Want to learn how you got to where you are!
Greetings mate where are you from?
That's easy they borrowed money to get where they are. lol 🤣
Nine years in debt that's how they learned, it wasn't a road without huge risks and potentially disastrous effects on their bottom line.
I think it's great what they have done, but it's easy to see how they got here. Margin is borrowing money. The risks are huge. And I think risks are necessary to make it to where they are. Strong stomach for sure.
Dude.. NOTHING! We make NOTHING! The Banks are giving us NOTHING BACK! .....
You inspired me. I’m going ALL IN with GME calls
Oh no! We are not financial advisors and do not recommend you do anything based on what we do.
Dude, don’t do that, you will blow up your account.
Do it! And, not only that, borrow all the money you can in doing so! Good luck! Great ideas on this channel!
How many years do the average startup business fail if it does?
It’s random. Maybe year 2-5
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
Dr Lydia Virginia Woodruff is holding a very high prestige and reputation in personal financial management. I’m happy you mentioned her. My wife recommended her to me after investing 3 grand and she really helped us in times of this bad pandemic crisis. I’m close to my retirement and this has been and well remain a good survival for me
She trades cryptocurrency more especially bitcoin for her clients. Making them profits and having commission for that.
If you knew about bitcoin since 10 years ago you won’t be poor ever again . But the truth is that is never late to bitcoin , this year bitcoin is hitting the moon.
People are scared of investing because of high rate of unprofessionals in the business.
@@andreijikh7687 There are unprofessionals out there, but you can’t deny the fact there are still professionals out there for investors
what stocks are in their bounce back portfolio?
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
I probably couldn't borrow $18
ill loan you 18$
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
Great show, great explanations on the reasoning behind your moves
If you are going to risk 40% of your account on one play by all means go nuts. The idea that separating money into "risk buckets" or that there is any inherent difference between different allocations of money is an absurd rationization. Saying "I'm not going to risk 10% of my 10 dollars,that would be crazy" and turning around and saying "well you know what, I am willing to risk 100% of 1 dollar" is just a dumb way to convince yourself into over leveraging.
Interactive Brokers has the lowest rate below 2% for you guys easily can get low 1% margin rate
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
Nice advertising for Ford. 🤣
My van is 18 years old and i've had it for 15 years. lol
nice mine is 20 lol
Brb going to work out Chris's net worth.
20k 15 years ago x 64% returns each year
$20,000.00 64% $12,800.00
$32,800.00 64% $20,992.00
$53,792.00 64% $34,426.88
$88,218.88 64% $56,460.08
$144,678.96 64% $92,594.54
$237,273.50 64% $151,855.04
$389,128.54 64% $249,042.27
$638,170.80 64% $408,429.31
$1,046,600.12 64% $669,824.08
$1,716,424.20 64% $1,098,511.49
$2,814,935.68 64% $1,801,558.84
$4,616,494.52 64% $2,954,556.49
$7,571,051.01 64% $4,845,472.65
$12,416,523.66 64% $7,946,575.14
$20,363,098.80 64% $13,032,383.23
wrong? this took me 2mins in excel sheet - could be wrong.!
Don’t forget massive annual taxes (almost entirely short term gains) and ofcourse paying for life. It’s cuts that compounding down significantly. My trading account earlier this year was < $7M
Why are you not using Interactive Brokers for a loan of that size?
Did you get Boiler Roomed? Vin Dieseled? Because the streets is a short stop/
Either you're slingin' crack rock or you got a wicked jump shot.
whats the best provider for personal loans ?
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you”
but if your hourly rate is like $50 and you can pay someone $20 to mow your lawn then you just pay them
dude is saving for the next life.
You can't take it with you
The trade market has earned me outsized profits in residual income to be able to diversify my portfolio into other assets.
Wanting to get into the market myself but I have no knowledge of it and how is it that you’re earning?
I got to test the waters first just to make sure it wasn’t a hoax. I’ve accumulated a staggering amount from my trades with the help of a pro trade analyst, Hestrel Egan. You can look him *Hestrelegan . info* on his biopage for further discussion.
The neatest thing about retiring comfortably is that I do not have to be part of the rat race anymore, I get to watch and get amused by rats scurrying as if possessed
Personally did a thorough research as you said and reached out on his webpage. We got talking on messenger.
+40371700314.
l’m glad to have taken you advise.
@@liuzhejiang107 You thought the stock market was a hoax?
Great video guys. Thanks for this one!
Bitcoin is breaking limits a lot of people are purchasing it, great!
The best thing that should be on every wise individual's list is Investing into different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard.
Bitcoin will go higher than expected and the best thing to do is to invest what we hold. As for me an expert trader helps me trade and my crypto has been on a steady increase.
Both investments are good to go into but if profit must be considered then crypto is far better.
Investments are the stepping stones to Success.
Investing might be good but investing in the right thing is the actual key to success.
do you guys share the OG shirt?
So pretty much you guys withdraw from stocks to maintain your lifestyle?
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
Yesh
@@mikewong7783 spam alert
I make 50K a month and I have that silver tape on my 2006 bmw because the freaking window will no longer roll up! Lol.
We have all been there man!
How do you make 50k a month?
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (elvishercules48@gmail.com)Stay safe all of you
@@user-bm8kl3dd4c I know you're asking the other guy but let me jump in here. He is probably talking about trading profits; which is fine, if it works for him. It seems to work for 'Dumb Money' gang (the 3 guys in these videos). Keep in mind though, that it usually doesn't work for everyone. In fact, most people lose money doing margin trading. But, I would like to give you one way where you can make a lot of money per month and it's resilient/long term generational wealth. It's a 3 prong approach. 1) a great good paying job 2) a portfolio based on low fee index funds 3) a real estate portfolio - If you can work these 3 things in parallel in your life; you can create amazing wealth. I've done all 3 but not at a super high level. I was able to go from nearly 0 to 1.7M now in about 10/12 years. I. know it's not a lot like the 'Dumb Money' guys, but it's something. When the stock market goes up 1%, I get about 10k; in 20 years, that'll be 40-70k per 1%up. My job also helps...I started with $3.25 an hour and in my last job got $90/hr (includes benefits)...I'm right now negotiating $105/hr with a new job. My real estate game is weaker as I only have bought two houses, one was sold for 200k above cost...and the other I still own that has grown to 600k higher than cost. I plan to expand my real estate portfolio in coming years to include rental units. So, maybe this helps, maybe it doesn't but there is a way for you to get there slow/steady/safely rather than 4Xmargin trading or something. I'm here if you have any questions. Sorry if I went on too long. Didn't wanna leave ya hangin
@@AmanBansil What you’re doing or did is very logical, I’m young and retarted, I’ve been working since I’m 15 and I’m 20 now, and i want to 1.7M but way quicker, because I don’t think i wanna work my entire life, the main reason i wanna be rich is so i can experience life not have to work all the time. I need passive income somehow
My son loves Funko. Just bought him the Billy Madison lol
I am not surprised that Chris is making more money because the higher the risk,
the higher the reward. Should we say that he has steel lungs when it comes
to dealing with higher risks successfully? Now what is your risk tolerance?
Are risk adverse or do you take on the risks like Chris?
Was it Enron? @3:00
yeah I saw the same thing with bitcoin in 2018... all in + margin buy at 16,000$ guess what.... didnt turn out so well. Everybody is smart when all the market goes up
"It's hard to make 60% a year for 50 years"... These people don't know how to make money. They are gamblers, maybe not even good ones. Don't trust them
*cough
.....”Dumb money”
.. cough*
@@idontpaytaxes6250 ahah yeah. But they talk seriously....
It’s not hard selling options to make 60 percent. Going long or buying options on speculation is basically gambling
@@billestep6804mmh. . He said making 60% a year on average. The best record ever from the best investor ever is 20,9% annualized over 65-70 years. That would make you among the richest men on earth. I've never heard of any of these cool bros before. If they make even just 25% a year, why aren't they billionaire instead of trying making money on UA-cam? 🤣
@@960john they are gambling. Even casino gamblers get lucky sometimes.
UA-cam Never notifies me when you guys go live... I have put the bell on and still don’t get notified. Do you know why?
Is the bell button muted for you?
me too. my bell button is not muted
The balls on this guy... jessssuuuss. The bank however is even crazier.
Taylor. It’s crazy no?
There were so many things... Does anyone know what did he buy with his $18M?
vga
vgac
@@wyattevans4791 thanks
Which Bitcoin ETF is Chris talking about?
Grey scale
I want to hear three people contributing... one man was silent.
Jordan didn’t say much till 43 minutes cause Chris won’t shut up. I’d like to hear their opinions as well.