And this is why I love talking about personal finance with others! It's not about the amount of money, it's the fact of saving and investing as SOON as you can. The best day to start investing was yesterday, and the next best day is today! If you guys are interested, here are some of the channels I recommended to Chris: - Graham Stephen - Andrei Jihk - Humbled Day Trader - Two Cents I am incredibly happy watching and listening to this video, your future is bright Chris :)
Honestly Chris i love your videos cause youre very insightful and youre very smart. And from our chats on insta youre a very blunt "this is how it is" kinda guy and that makes talking with you awesome people who are blunt and honest are (in my opinion) some of the best people to be with cause they'll say everything how it is
I completely identify with cubing being pain. I feel like everything that I'm passionate about brings me every bit as much pain as joy. Everyday I wonder why I waste my time with this puzzle. Or music. Or studying languages. Those are the big three for me. Each one of them means everything to me and yet each one of them constantly confirms a deep dissatisfaction I have with myself and my entire life. And yet, I can't stop doing them. One of my favorite artists of all time, Robert Crumb once said, "If I don't draw for a while, I get really crazy. I start feeling really depressed and suicidal if I don't get to draw. But then, sometimes when I'm drawing, I feel suicidal too, so...". Pretty much sums up my relationship with everything I love to do.
Pretty much when I got my first job out of college, I was told to put as much into 401k and ESPP. Invest into the future and not get used to the salary I'm making. And I agree that 6 figures won't buy happiness. In fact I don't feel any different before and after lol
YES, YES, YES! You are so spot on with your new awareness and conclusions! After getting my B.S. in finance decades ago, I thought I knew it all. After college I became fund raiser, then a financial analyst for D&B, followed by time as a Series 7 and 63 registered stock broker (before the internet changed the world and erased any need). And through it all I learned, as the old saying goes: ‘nine men can’t make a baby in one month.’ The best things in life take time. Investing is the same way. Like the great story about the old retired engineer who was called by his former company to come look at a big and important machine that was broken down. All of their engineering and maintenance staff could not figure it out and fix it, causing them millions of dollars in backup. The old engineer climbed around inside the large machine and in less than an hour he told the lead engineer to replace the part that he put a chalk mark on. When the CEO saw the retired engineer’s invoice with one line for $50K he was outraged and called the retired engineer to discuss it. The CEO told the retired engineer that he wanted to see a new invoice that was itemized. So the retired engineer sent a new itemized invoice stating, “Chalk mark: $1.00” “Knowing where to put it: $49,999.” ;-) And THAT is the key point to remember; like many good things in life, even with great diligence, some things take time and experience. I didn’t know ANYTHING out of school with my degrees and certifications compared to what my decades of grinding and learning and trial and error and observation and heads-up curiosity and, and, and… It can’t be rushed, but it can be accelerated. Anyway, keep digging in your learning - but not just about equities/trading/compounding/ROI… Learn about life, people, psychology and sociology. I was trained as a classical fundamental investor reading financials. Over time I have learned that technical analysis has taught me so much more about reading the markets and finding greater returns - with less risk. As you partially quoted the Chinese proverb in your intro above, “when is the best time to plant a tree? Answer, 20 years ago. When is the second best time? Answer, NOW!” Get started, because this gentleman is correct: you need more than you think at retirement, Investing is a long term game, and it is a mentality and lifestyle that prepares you. Thanks again for a great video. The first one I watched about your awesome 40 round .22 feed invention was randomly in my UA-cam thread and I’m fascinated how the algorithms decide to do that. :)
I totally understand that! I had a beautiful Ted Yost custom 1911 that I had to sell because there was a ton of painful memories in it. There are towns that I can't even travel through because some streets have such negative memories associated with them. It's tough stuff, but thankfully I'm getting to the end of my days.
I would watch Graham Stephan if I were you. They talk less about day trading and more about long term investing in diversified stocks. I would watch them if you don’t already.
@@HumphreyWittingtonsworthIV you should buy a five seven airsoft gun and out a real barrel in it you can get one for 150 and it has the same internals as the real one idk could work
After spending a ton of time in both the Cubing and Finance communities, I think the biggest difference is that cubers typically have much better intentions. Even at the most competitive levels of cubing, nobody is trying to give out slow algs, give bad advice, etc. Everybody just wants everyone else to get faster, learn more, grow the community, etc. With finance, the educational channels surrounding general advice/fundamentals are usually pretty good, but the deeper you dive into the fine details (and as advice gets closer and closer to manifesting itself into directly making money), the more likely that there is a conflict of interest. Be especially cautious of anyone who claims to have technical day trading patterns/algos that directly make money. One of two things has to be true: 1. It's fake 2. It's real, but any trader edge will be arbitraged down to 0 as volume is poured into it (so telling others about it is a bad idea) And as others have mentioned, retail traders are at a pretty strong disadvantage when it comes to producing new patterns/algos, as the institutions with way more resources, access to data, and lower latency will always get there first (so long term investing is usually preferred).
Man, for whatever reason, this video makes me want to get back into cubing. Probably cause I have been spending too much time working and saving money. My cubes have been collecting dust on a shelf.
Man I know it's been awhile since you stopped cubing, but I'm just gonna say we miss you. You were one of my biggest inspirations and I desperately wanted a white jacket. I've slowly kinda got out of cubing, but we'll never forget you and your achievements. I had so many ideas I was gonna show you, but never got the chance to. I just wanna say thanks, because while you were a part of it, cubing days were some of the best days of my life. Stay safe man.
It's great that you're prioritizing your finances, but make sure that you are aware that "investing" and "algo trading" are *VERY* different things. Long term profitable algo trading is extremely difficult, while long term profitable investing is very easy. (Just build a reasonably diverse portfolio of ETFs). Financial markets are extremely efficient and its quite difficult to find an edge when thousands of other extremely bright people do this as their full time job at places like two sigma or citadel. Remember that, for the most part, all publicly known information is already priced in. If I were in your shoes, I would spend my time focusing on long term investing instead of trading.
I'm also a programmer. I've got into ninja trader and futures. I've been dead set on writing trading software based on price action trading. This is no joke. Everything you're saying rings true.
I am so incredibly excited you are getting into the finance world. I have been teaching myself the world for 5+ years and love the stock market! So excited you maxed out your IRA (I'm assuming its the roth ira, but either way that is amazing). I have been investing for a while now and would love to answer any questions about the area if I am able! You getting started now isn't the end of the world - you just have to work extra hard. Luckily your cutting down expenses and have a well-paying job. You talked about machine learning and other trading techniques. Check out the folks called Dumb Money here on UA-cam. They do a neat technical strategy that is super unique. It has to do with social change and black swan events and acting before others do. I have a feeling you would like what they do. One of them actually has a book I could send you if interested! Hope your journey is successful and be sure to let me know if you have questions!
Would you be comfortable sharing them financial resources? Could you point us to a guide to help us consider. This is very real stuff for me. I'm having an epiphany.
What broker are you going through to do your trades? The only API friendly broker I've found has been Alpaca and I'm curious to know if there are better ones out there
Glad you've started to focus on your financial journey! However, looks like you've confused day trading and investing, those are completely different activities. Looks like you're going down the day trading route, which is fine, but also carries a higher risk than investing does, and is not a consistent builder of wealth.
@@HumphreyWittingtonsworthIV Congrats on landing the job!!! Something I'd recommend for all high earners (or any company for that matter) is to max out your Employer-Sponsored Roth 401(k) plan
Sadly, I can confirm that a 6 figure salary isn't what you think it is once you have kids and a family. Lol I thought I'd be rolling in money. Don't get me wrong I've got it pretty good, but I'm not like driving around I'm BMWs or anything.
And this is why I love talking about personal finance with others! It's not about the amount of money, it's the fact of saving and investing as SOON as you can. The best day to start investing was yesterday, and the next best day is today!
If you guys are interested, here are some of the channels I recommended to Chris:
- Graham Stephen
- Andrei Jihk
- Humbled Day Trader
- Two Cents
I am incredibly happy watching and listening to this video, your future is bright Chris :)
Dave Ramsey is great too. Not fun but it works!
Thanks a lot for telling me Dana!!!!
That’s some straight fire knowledge.
The day Humphrey woke up and chose violence.
Honestly Chris i love your videos cause youre very insightful and youre very smart. And from our chats on insta youre a very blunt "this is how it is" kinda guy and that makes talking with you awesome people who are blunt and honest are (in my opinion) some of the best people to be with cause they'll say everything how it is
I completely identify with cubing being pain. I feel like everything that I'm passionate about brings me every bit as much pain as joy. Everyday I wonder why I waste my time with this puzzle. Or music. Or studying languages. Those are the big three for me. Each one of them means everything to me and yet each one of them constantly confirms a deep dissatisfaction I have with myself and my entire life. And yet, I can't stop doing them.
One of my favorite artists of all time, Robert Crumb once said, "If I don't draw for a while, I get really crazy. I start feeling really depressed and suicidal if I don't get to draw. But then, sometimes when I'm drawing, I feel suicidal too, so...". Pretty much sums up my relationship with everything I love to do.
You are really good at teaching lessons.
Pretty much when I got my first job out of college, I was told to put as much into 401k and ESPP. Invest into the future and not get used to the salary I'm making.
And I agree that 6 figures won't buy happiness. In fact I don't feel any different before and after lol
it's really nice to hear about someone's perspective on cubing that isn't good. rest in power edward
YES, YES, YES! You are so spot on with your new awareness and conclusions! After getting my B.S. in finance decades ago, I thought I knew it all. After college I became fund raiser, then a financial analyst for D&B, followed by time as a Series 7 and 63 registered stock broker (before the internet changed the world and erased any need). And through it all I learned, as the old saying goes: ‘nine men can’t make a baby in one month.’ The best things in life take time. Investing is the same way. Like the great story about the old retired engineer who was called by his former company to come look at a big and important machine that was broken down. All of their engineering and maintenance staff could not figure it out and fix it, causing them millions of dollars in backup. The old engineer climbed around inside the large machine and in less than an hour he told the lead engineer to replace the part that he put a chalk mark on. When the CEO saw the retired engineer’s invoice with one line for $50K he was outraged and called the retired engineer to discuss it. The CEO told the retired engineer that he wanted to see a new invoice that was itemized. So the retired engineer sent a new itemized invoice stating, “Chalk mark: $1.00” “Knowing where to put it: $49,999.” ;-) And THAT is the key point to remember; like many good things in life, even with great diligence, some things take time and experience. I didn’t know ANYTHING out of school with my degrees and certifications compared to what my decades of grinding and learning and trial and error and observation and heads-up curiosity and, and, and… It can’t be rushed, but it can be accelerated. Anyway, keep digging in your learning - but not just about equities/trading/compounding/ROI… Learn about life, people, psychology and sociology. I was trained as a classical fundamental investor reading financials. Over time I have learned that technical analysis has taught me so much more about reading the markets and finding greater returns - with less risk. As you partially quoted the Chinese proverb in your intro above, “when is the best time to plant a tree? Answer, 20 years ago. When is the second best time? Answer, NOW!” Get started, because this gentleman is correct: you need more than you think at retirement, Investing is a long term game, and it is a mentality and lifestyle that prepares you. Thanks again for a great video. The first one I watched about your awesome 40 round .22 feed invention was randomly in my UA-cam thread and I’m fascinated how the algorithms decide to do that. :)
I totally understand that! I had a beautiful Ted Yost custom 1911 that I had to sell because there was a ton of painful memories in it. There are towns that I can't even travel through because some streets have such negative memories associated with them. It's tough stuff, but thankfully I'm getting to the end of my days.
I would watch Graham Stephan if I were you. They talk less about day trading and more about long term investing in diversified stocks. I would watch them if you don’t already.
Hay I like your 9 dollar gun video you should make another one but better
got another gun video soon, and hahaha i’ll consider it!
@@HumphreyWittingtonsworthIV you should buy a five seven airsoft gun and out a real barrel in it you can get one for 150 and it has the same internals as the real one idk could work
After spending a ton of time in both the Cubing and Finance communities, I think the biggest difference is that cubers typically have much better intentions.
Even at the most competitive levels of cubing, nobody is trying to give out slow algs, give bad advice, etc. Everybody just wants everyone else to get faster, learn more, grow the community, etc.
With finance, the educational channels surrounding general advice/fundamentals are usually pretty good, but the deeper you dive into the fine details (and as advice gets closer and closer to manifesting itself into directly making money), the more likely that there is a conflict of interest. Be especially cautious of anyone who claims to have technical day trading patterns/algos that directly make money. One of two things has to be true:
1. It's fake
2. It's real, but any trader edge will be arbitraged down to 0 as volume is poured into it (so telling others about it is a bad idea)
And as others have mentioned, retail traders are at a pretty strong disadvantage when it comes to producing new patterns/algos, as the institutions with way more resources, access to data, and lower latency will always get there first (so long term investing is usually preferred).
Man, for whatever reason, this video makes me want to get back into cubing. Probably cause I have been spending too much time working and saving money. My cubes have been collecting dust on a shelf.
this is guy badass
Man I know it's been awhile since you stopped cubing, but I'm just gonna say we miss you. You were one of my biggest inspirations and I desperately wanted a white jacket. I've slowly kinda got out of cubing, but we'll never forget you and your achievements. I had so many ideas I was gonna show you, but never got the chance to. I just wanna say thanks, because while you were a part of it, cubing days were some of the best days of my life. Stay safe man.
It's great that you're prioritizing your finances, but make sure that you are aware that "investing" and "algo trading" are *VERY* different things. Long term profitable algo trading is extremely difficult, while long term profitable investing is very easy. (Just build a reasonably diverse portfolio of ETFs). Financial markets are extremely efficient and its quite difficult to find an edge when thousands of other extremely bright people do this as their full time job at places like two sigma or citadel. Remember that, for the most part, all publicly known information is already priced in. If I were in your shoes, I would spend my time focusing on long term investing instead of trading.
theWestonian this means a lot from someone who works at robinhood!!! thanks weston!!
@@HumphreyWittingtonsworthIV
theWestonian when i’m back in bay area, let’s get lunch or something sometime!!
@@HumphreyWittingtonsworthIV Yeah for sure :D
Wow really great idea
I'm also a programmer. I've got into ninja trader and futures. I've been dead set on writing trading software based on price action trading. This is no joke. Everything you're saying rings true.
what channel did you watch
Make sure to diversify. Graham Stephen talks about this a fair amount.
I am so incredibly excited you are getting into the finance world. I have been teaching myself the world for 5+ years and love the stock market! So excited you maxed out your IRA (I'm assuming its the roth ira, but either way that is amazing). I have been investing for a while now and would love to answer any questions about the area if I am able! You getting started now isn't the end of the world - you just have to work extra hard. Luckily your cutting down expenses and have a well-paying job. You talked about machine learning and other trading techniques. Check out the folks called Dumb Money here on UA-cam. They do a neat technical strategy that is super unique. It has to do with social change and black swan events and acting before others do. I have a feeling you would like what they do. One of them actually has a book I could send you if interested! Hope your journey is successful and be sure to let me know if you have questions!
Duncan Bannon i’ll check it out, and thank you!!
What channels did Dana recommend?
Cookierobber Humbled Trader and Andrei Jikh, but their styles are completely different
Chris, what is that device on the right side of your background? The thing with the spool. Is it a 3D printer? Just curious.
What does look like that?
I think he said it was a cr10 v3. Its a large format 3d printer.
Took me a while to realize u r Vietnamese
Hello chris tran i have a little quétion for you that are you vietnamse
I'll leave my comment before he gets 100k subs
Look up Dave Ramsey. His plan is hard but it’s worked for thousands and thousands of people far older than you.
Would you be comfortable sharing them financial resources? Could you point us to a guide to help us consider. This is very real stuff for me. I'm having an epiphany.
TheUntold I highly recommend the channel “the plain bagel”, he’s soooo good
@@HumphreyWittingtonsworthIV Noted. I'll let you know when I get through it all.
What broker are you going through to do your trades? The only API friendly broker I've found has been Alpaca and I'm curious to know if there are better ones out there
Chào anh Chris!
Glad you've started to focus on your financial journey! However, looks like you've confused day trading and investing, those are completely different activities. Looks like you're going down the day trading route, which is fine, but also carries a higher risk than investing does, and is not a consistent builder of wealth.
Dan Selzer i’m playin 100% safe now!!
Also hahah we both work for the same company 😃
@@HumphreyWittingtonsworthIV Congrats on landing the job!!! Something I'd recommend for all high earners (or any company for that matter) is to max out your Employer-Sponsored Roth 401(k) plan
Sadly, I can confirm that a 6 figure salary isn't what you think it is once you have kids and a family. Lol I thought I'd be rolling in money. Don't get me wrong I've got it pretty good, but I'm not like driving around I'm BMWs or anything.
Not buying a bmw is what keeps you rich. Its why so many billionaires drive such cheap cars.
This is very true!
Not first, crap
ты умер