If you are poor wouldn’t it be better to take risks? Picking a high growing stock for the short term and try to sell it when you get a decent amount to put in a safe account Let’s say a apple release a hot new product,you buy their stock right before and make a short term profit I don’t know if that works I’m new to this
And what happens when you lose 40%? Wouldn’t it have been better to keep what you have? Edit: I know yours is a popular sentiment right now but I think it discounts the huge power of long steady growth. Sort of like saying, instead of exercising for 5 years to get in the best shape of my life shouldn’t I just do incredible amounts of steroids and either end up ripped or have my health permanently compromised? Or both? I’d say no
@ yeah I agree with that Just saying if you have barely any money at all it might be worth selling and keeping it in a safer space But obviously that might be a big loss
Hi Brendan. I used to watch your content a lot. Now not that much but I do however have a question for you. What's your stance on Bitcoin? (Not Crypto) I used to be Boglehead myself. Used to believe everything traditional about personal finance. But when I TRUELY discovered Bitcoin, I just can't find myself going back to the stock market. I know this is a very controversial topic for many people so I am asking respectfully.
I have concerns about trying to self custody a large amount of bitcoin to make it a significant amount of my investments. It's a lot easier knowing that the majority of my finances will be available to me in retirement through the traditional markets that already have so much regulation in place to protect investors and has been proven to be a reliable system for decades.
Awesome content. I love the fact that you’re understandable. Many other UA-camrs talk way too fast
Brendon, as opposed to Acorns or Robinhood, what about if you have access to something like Fidelity through your work benefits?
amazing video bro hehe Im in the waiting room for Public Full review
Love your content, keep up the great work!
Yo Brendan how do you feel bout schd, i don’t think you spoke on tht
I have 164 shares of it!
@ ✊🏾 so my thoughts about this may be right. Preciate it 💯💯✊🏾
Thanks for your content. Hello from St.Louis.
Another here from St Louis! 👍🏻
Broke it down perfectly!
all on red
If you are poor wouldn’t it be better to take risks?
Picking a high growing stock for the short term and try to sell it when you get a decent amount to put in a safe account
Let’s say a apple release a hot new product,you buy their stock right before and make a short term profit
I don’t know if that works I’m new to this
And what happens when you lose 40%? Wouldn’t it have been better to keep what you have?
Edit: I know yours is a popular sentiment right now but I think it discounts the huge power of long steady growth. Sort of like saying, instead of exercising for 5 years to get in the best shape of my life shouldn’t I just do incredible amounts of steroids and either end up ripped or have my health permanently compromised? Or both?
I’d say no
@ yeah I agree with that
Just saying if you have barely any money at all it might be worth selling and keeping it in a safer space
But obviously that might be a big loss
Invest VTI or VOO that's it.😊 Fidelity, Vanguard Schwab. You lost me at acorns my man
@@dougspry3101 : I’ve been with acorns for 12 yrs. I think they’re good. 👍🏽
Cryptocurrency?
Hi Brendan. I used to watch your content a lot. Now not that much but I do however have a question for you.
What's your stance on Bitcoin? (Not Crypto)
I used to be Boglehead myself. Used to believe everything traditional about personal finance. But when I TRUELY discovered Bitcoin, I just can't find myself going back to the stock market.
I know this is a very controversial topic for many people so I am asking respectfully.
I have concerns about trying to self custody a large amount of bitcoin to make it a significant amount of my investments. It's a lot easier knowing that the majority of my finances will be available to me in retirement through the traditional markets that already have so much regulation in place to protect investors and has been proven to be a reliable system for decades.
@ I see. There are also Bitcoin ETFs for that reason I guess.
Thanks for the response.