Exactly. I owned four properties and my own dad tried making fun of me in 2008 when property values also dropped - and I said: I haven't lost anything - I'm not selling. In fact - I'm winning. Property taxes also goes down - so now I actually save money. When the property values goes up again, and they will, then I sell. It's all about not panicking. My initial "fortune" was earned by buying stocks in a european football club that almost crashed but I sensed it was too big to fail - so I bought all stocks I could afford. Two years later I sold them all with a 1200% profit and for the gains I bought two large properties. When people panic I make money.
@@Jesper-bl2nshey Jesper, do you have any tips on how to get into real estate in someones 20’s. I’m currently 16 and planning on becoming a mechanical engineer and I’d like to work my ass off to retire in my 30’s or 40’s.
@@StacyMcCabe Be careful - yet you also have to take chances and never sign anything without a lawyer present. Best you can do is keep an eye on the ups & downs on properties - start with buying one and rent it out. Either to a family or better yet, to a business. Here is where the lawyer comes in - there are risks in both. My first was a 4 apartment house I had rebuilt to 10 smaller apartments I rented out to university students. They don't tend to disappear in the middle of the night - and you don't have to exploit them to have a nice profit. Don't overreach - be patient and then expand. Remember I was 26 before I had the money to begin after selling the stocks - and though it bought me my own house I had to borrow to begin property investments.
Funny I alwys took that line as, you don’t want get shot/robbed/jealous losers, just pick it up and split. But yes, it applies here too. Don’t count it cause you’re still gambling. Haha
Imagine dying before any gain because you bag held in the nikkei 225 (inflation adjusted). You're kidding yourself if you think stocks are anything but a ponzi scheme.
@@martinlutherkingjr.5582 the time horizon for each investor can be divided into 35 or 40 years of accumulation (age 25 to 65), plus another 30 or so years in retirement. We are looking at 65 to 70 years. Historic performance of the stock market over any 60 year period shows an upward trajectory. If an investor does not have the emotional constitution for the up and down gyrations. They should stay out of the stock market.
Yes, but it can go down and never come up again like Germany, Argentina, Japan, Brazil, and other stock markets that just aren't ever going to recover. That WILL eventually be the US, but before that happens your company you're invested in could coklapse first.
Stocks will rally but I know better, macro shows the economy is yet to fully recover. I have been holding stocks to sell at a profit at this time but it is looking like a bull market the rest of 2023. I am in a fight to hold or to sell. I’m up to 297 grand from a low of 250 thousand last year.
Stay in the market and sell only if you need those funds. I got laid off and it has been difficult getting another source of income, glad I was investing when I did and of course with guidance from a wealth manager don’t listen to naysayers. I am making bank and the penalties for drawing from 401k to reinvest are nothing compared to the amount of wealth I am now in possession of with my family.
I have saved myself from all the hassle that the chaotic market causes. These days the best way to come into the market space is seeking guidance, due to side hustles i can’t handle my portfolio so i just work with Loren Lena Walker.
a CFA i came across via a recommendation from one of these UA-cam retirement coaches. It’s been smooth since then. Cliche as it may I have made a mark up of 70% in profits investing 350k under her. It helps not to be worried about your portfolio every minute of the day.
Purvis, Thanks for the share! copied and pasted full name on my browser, effortlessly found her site, very professional. I got some feedback hope to speak on the phone soon.
This is an oft cited example and, as is the case with many of these things, it is misunderstood. Compounding stipulates that any drop in value is a form of loss, a 50% decline in value requires a subsequent 100% return just to restore the original balance. For a more realistic context, that is 4 straight years of 20% returns. The NASDAQ hit 3940 in 1999 and didn't get back to this number until 2013. Some investors have time horizons so short they don't buy green bananas. If you don't have an infinite length of time over which compounding can resolve a sharp decline, you will likely have lost something
It doesnt always come back up Enron. Eastman Kodak, American Airlines. If your house burns down but you dont sell it. Is it a paper loss until you sell it Some paper losses just get worse.
It’s true with blue chips and good indexes. Plenty of trash like PTON or ARKK you will probably be long dead before you ever recover the money if you bought near the tops. Higher chance of it being delisted than recovering that money. Also doesn’t work with options
Exactly! I might say it's up or down, but never I made it or lost it until I sell it and seal the gain or loss... It's hard for some people to understand. It's hard to watch it go down and not sell, because you are afraid of it losing even more value.
Its logic... For Buffett the money printer in fcf/dividend and the knolidge that a bissness will grow in revenue on the long run, is for him the most important rule, not the fricking price inbetween untill he finds a better bissness to buy that produces more fcf/dividend and has a better future in revenue. 😊
Thats right. Things are worth anything, until you find someone to buy it. My trucks worth $20000. No, it's worth what someone pays for it. Fuuny i get taxed on what i make in investments each year, but dont get money back if i loose money on those same investments. So what are they really worth?
yes, but someone who invest in stocks with higher risk premiums should not think like this at all. Exit gains too soon and staying in losses too long is how most people end up negative.
@@dungeonmaster6292 IDK what kind of crack you're smoking to think I said I turned $1000 into $100k. I didn't say that. I am rich though. But I don't think it's worth convincing some internet idiot who already can't tell fantasy from reality. Stop using "Wisdom" as your dump stat.
@@dungeonmaster6292 You seem like youre a little jaded. Just because you lack control over everything doesnt mean it is busted. Gotta remember this isnt D&D where youre the dungeon master with all the control.
Appreciate the detailed breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
The crash was fantastic. You could buy stocks for 20 cents on the dollar. Citigroup was selling for 1.50. P And G was selling for 1 dollar. Etc. It was a chance of a lifetime to buy.
Yep, I feel like I made out like a bandit. I bought a house right at the bottom of the trough, and was buying up stocks and mutual funds like crazy. The house I bought for $149K, and paid off in 5 years sold last year for $820K, because I was sick of dealing with 2 houses.
I tried telling my co- workers this when the pandemic hit. They were freaking out, and one of the old dudes kept giving them advice to move everything into bonds because it was "safe." None of them were even within 15 years of retirement .
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there's more to the market that we just don't know
I am guided by *Mary Onita Wier* . I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
This recommendation literally came at the right time, I’m down by $7k in stocks this week alone.. its crazy! I just looked up Mary online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
That would be true if you couldn’t leverage the increase in value. That makes it usable money before you sell, which is how people get around paying taxes
People who think it will go even higher. People say "buy low, sell high", but a LOT of people do the opposite. They get exuberant when they see a stock going up, and jump in; and then get scared when it falls and cash out to stop the bleeding. There's a lot of people out there trying to sell a program that tries to time the market, trading based on momentum. They rarely work and the real money is in selling the program. Just like the gold rushes: the people selling the tools and supplies made all the money.
*Great video! i really have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this approach?*
It's amazing how many people are clueless when it comes to the ups and downs of the stock market. I heard someone say recently that Tesla stock has gone down a ton and if you bought some and lost almost half you're an idiot. You invest in things for the long-term. 10 + years should be in your mind.
It's not a sports match. Once that clock hits zero or the final out is made you've either won or lost. You choose when you wanna end the game with stocks.
Just locked in $470k in gains this year as of Friday to get my non retirement balance to $600,482. I owe $602k on my mortgage and am getting it paid off so I don't do something stupid with it!
I told my wife this in 2008 when she wanted to sell our stock and pay off the house. I told her its not a loss until be sell it. We had a stock vaule loss of $100,000. But we hung on and years later we gained it all back and gained an extra $40,000. We then took the extra gain and paid off the house. We are now debt free with no loss. She was glad she listened too me.
A REALized gain or loss. If you went into a comma in Jan of 2020 and awoke Dec 2022, your stocks would have been more valuable. If you sold in Apr, you would haeve realized a 50% or more lose.
Wait till Karmela implements taxes on unrealized gains….it will be a great success just like her tie breaking vote on the inflation reduction act! Shes so wise, excellent interview skills and very popular with Americans according to ABC News.
Few things, hr has enough money that it wouldnt matter if he did lose it. Businesses went 100% busted in 2007/9 so he 100% list at least some of that money
Thats dumb!!! You make money when you buy! If you dont sell it and stock goes down, you have missed your opportunity to sell and repurchase more at a lower price. Or, you have to ride with it and purchase more stock keeping your average low so that you can make money as soon as stock goes up.
Then you made a stupid purchase. When has Dave ever advocated buying individual stocks? (Hint: Never) If VOO or VTI or QQQ ever go to zero, yuo've got a lot bigger problems than your portfolio.
Right, except if stocks/mutual funds are your only asset and you NEED cash (i.e. retirement), you’ll be forced to realize those losses. So Dave’s statement is only half true
It’s taxed by the state you live in and at the end of the year it’s taxed as income that’s overkill for those of you that have retirement accounts will sadly find out too late.
Do you beleive in locking in gains, not trading but, cashing out riskier investment when they reach what you beleive to be it's prime, like S&P was at ATH 2019ish, gold is now at 2 new ATH, Crypto was before n has one very year or 2
I tried to explain this to a family member who lost $30k during 2008. I told him he wouldn't have lost anything if he wouldnt have sold.
Exactly. I owned four properties and my own dad tried making fun of me in 2008 when property values also dropped - and I said: I haven't lost anything - I'm not selling. In fact - I'm winning. Property taxes also goes down - so now I actually save money. When the property values goes up again, and they will, then I sell.
It's all about not panicking. My initial "fortune" was earned by buying stocks in a european football club that almost crashed but I sensed it was too big to fail - so I bought all stocks I could afford. Two years later I sold them all with a 1200% profit and for the gains I bought two large properties. When people panic I make money.
@@Jesper-bl2nshey Jesper, do you have any tips on how to get into real estate in someones 20’s. I’m currently 16 and planning on becoming a mechanical engineer and I’d like to work my ass off to retire in my 30’s or 40’s.
absolutely right.
@@StacyMcCabe Be careful - yet you also have to take chances and never sign anything without a lawyer present. Best you can do is keep an eye on the ups & downs on properties - start with buying one and rent it out. Either to a family or better yet, to a business. Here is where the lawyer comes in - there are risks in both. My first was a 4 apartment house I had rebuilt to 10 smaller apartments I rented out to university students. They don't tend to disappear in the middle of the night - and you don't have to exploit them to have a nice profit. Don't overreach - be patient and then expand. Remember I was 26 before I had the money to begin after selling the stocks - and though it bought me my own house I had to borrow to begin property investments.
Let it ride! You'll get used to it
"You never count your money whilst you're sitting at the table."
- Kenny Rogers
There’ll be time enough for countin’ when the dealing’s done
😄
What a great song
You spelt Kenny Powers wrong
Funny I alwys took that line as, you don’t want get shot/robbed/jealous losers, just pick it up and split. But yes, it applies here too. Don’t count it cause you’re still gambling. Haha
Buy quality companies when the market dips. Not easy to do but it works in the long run. WB doesn’t day trade.
Best quote "It's not about timing the market, it's about time in the market".
Didn't make any sense until I was in the market a few years now its crystal clear
@@shadowslayer7574 it's quite straight forward lol
Imagine dying before any gain because you bag held in the nikkei 225 (inflation adjusted). You're kidding yourself if you think stocks are anything but a ponzi scheme.
It depends on the market you’re in. This is dangerous advice in some markets.
@@martinlutherkingjr.5582 the time horizon for each investor can be divided into 35 or 40 years of accumulation (age 25 to 65), plus another 30 or so years in retirement. We are looking at 65 to 70 years. Historic performance of the stock market over any 60 year period shows an upward trajectory. If an investor does not have the emotional constitution for the up and down gyrations. They should stay out of the stock market.
Yes, but it can go down and never come up again like Germany, Argentina, Japan, Brazil, and other stock markets that just aren't ever going to recover.
That WILL eventually be the US, but before that happens your company you're invested in could coklapse first.
Stocks will rally but I know better, macro shows the economy is yet to fully recover. I have been holding stocks to sell at a profit at this time but it is looking like a bull market the rest of 2023. I am in a fight to hold or to sell. I’m up to 297 grand from a low of 250 thousand last year.
Stay in the market and sell only if you need those funds. I got laid off and it has been difficult getting another source of income, glad I was investing when I did and of course with guidance from a wealth manager don’t listen to naysayers. I am making bank and the penalties for drawing from 401k to reinvest are nothing compared to the amount of wealth I am now in possession of with my family.
I have saved myself from all the hassle that the chaotic market causes. These days the best way to come into the market space is seeking guidance, due to side hustles i can’t handle my portfolio so i just work with Loren Lena Walker.
a CFA i came across via a recommendation from one of these UA-cam retirement coaches. It’s been smooth since then. Cliche as it may I have made a mark up of 70% in profits investing 350k under her. It helps not to be worried about your portfolio every minute of the day.
Purvis, Thanks for the share! copied and pasted full name on my browser, effortlessly found her site, very professional. I got some feedback hope to speak on the phone soon.
This didn't age well
I had a very old man tell me that exact thing. Back in 1987. And over my life time he was correct. Up and down.
This is an oft cited example and, as is the case with many of these things, it is misunderstood. Compounding stipulates that any drop in value is a form of loss, a 50% decline in value requires a subsequent 100% return just to restore the original balance. For a more realistic context, that is 4 straight years of 20% returns. The NASDAQ hit 3940 in 1999 and didn't get back to this number until 2013. Some investors have time horizons so short they don't buy green bananas. If you don't have an infinite length of time over which compounding can resolve a sharp decline, you will likely have lost something
Great point!!
Thank you for this comment. The "$1000 becomes $100K" fantasy is just that, a fantasy
This is the most helpful thing I’ve heard in a while. Thank you!
History shows nothing is better than solid stocks over the long term. Just be careful what you buy and dividends are a great source of income.
It doesnt always come back up Enron. Eastman Kodak, American Airlines. If your house burns down but you dont sell it. Is it a paper loss until you sell it Some paper losses just get worse.
It’s true with blue chips and good indexes. Plenty of trash like PTON or ARKK you will probably be long dead before you ever recover the money if you bought near the tops. Higher chance of it being delisted than recovering that money. Also doesn’t work with options
He also said he gets nervous in bull markets and greedy in bear markets
Exactly! I might say it's up or down, but never I made it or lost it until I sell it and seal the gain or loss...
It's hard for some people to understand. It's hard to watch it go down and not sell, because you are afraid of it losing even more value.
Its logic... For Buffett the money printer in fcf/dividend and the knolidge that a bissness will grow in revenue on the long run, is for him the most important rule, not the fricking price inbetween untill he finds a better bissness to buy that produces more fcf/dividend and has a better future in revenue. 😊
Does not work the same way if you have lower value stocks. Many get wiped out to zero.
Thats right. Things are worth anything, until you find someone to buy it.
My trucks worth $20000. No, it's worth what someone pays for it.
Fuuny i get taxed on what i make in investments each year, but dont get money back if i loose money on those same investments. So what are they really worth?
yes, but someone who invest in stocks with higher risk premiums should not think like this at all. Exit gains too soon and staying in losses too long is how most people end up negative.
In 2008 my portfolio's worth went down by half. But by 2012 I had it all back. By 2016 it doubled again.
Then you took another haircut in 2020 and will likely take another one shortly. Your "$1000 becomes $100k" fantasy is busted
@@dungeonmaster6292 IDK what kind of crack you're smoking to think I said I turned $1000 into $100k. I didn't say that. I am rich though. But I don't think it's worth convincing some internet idiot who already can't tell fantasy from reality. Stop using "Wisdom" as your dump stat.
@@dungeonmaster6292 You seem like youre a little jaded. Just because you lack control over everything doesnt mean it is busted.
Gotta remember this isnt D&D where youre the dungeon master with all the control.
Of course.
Appreciate the detailed breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
The crash was fantastic. You could buy stocks for 20 cents on the dollar. Citigroup was selling for 1.50. P And G was selling for 1 dollar. Etc. It was a chance of a lifetime to buy.
Yeah, I thought that was where this was going. For those of use with time to spare, downturns are awesome. It's like a stock sale. 80% percent off!
Yep, I feel like I made out like a bandit. I bought a house right at the bottom of the trough, and was buying up stocks and mutual funds like crazy. The house I bought for $149K, and paid off in 5 years sold last year for $820K, because I was sick of dealing with 2 houses.
I tried telling my co- workers this when the pandemic hit. They were freaking out, and one of the old dudes kept giving them advice to move everything into bonds because it was "safe." None of them were even within 15 years of retirement .
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there's more to the market that we just don't know
@@ThomasChai05 Is it possible to get in contact with someone like that?
I am guided by *Mary Onita Wier* . I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
This recommendation literally came at the right time, I’m down by $7k in stocks this week alone.. its crazy! I just looked up Mary online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
However you can get juicy low-interest tax-exempt loans backed by your “on paper” value
That would be true if you couldn’t leverage the increase in value. That makes it usable money before you sell, which is how people get around paying taxes
I can't even with the tech stuff, withdrawals are SUPPOSED to be FAST but it's a toss-up every time 🤔💰
so i haven't lost 50k in ftx, good to know
apparently ftx is supposed to come back so who knows
Yeah not lost until you sell .. 😂😂😂
Took a massive loss when WKS went fro. 29 a share to instantly 18.00 a share, few months got out @ 9.80, glad i did almost a penny stock now 😂😂
No, you were forced out.
Yes the stock market is always very volatile.
when you get a nice dive in the market buy more stock.
How dose the market still work if everyone says to buy low and sell high; Who is buying when you're stock is high?
People who think it will go even higher. People say "buy low, sell high", but a LOT of people do the opposite. They get exuberant when they see a stock going up, and jump in; and then get scared when it falls and cash out to stop the bleeding. There's a lot of people out there trying to sell a program that tries to time the market, trading based on momentum. They rarely work and the real money is in selling the program. Just like the gold rushes: the people selling the tools and supplies made all the money.
Haven’t thought of it like this before
I did thisi was down 93 percent at some point it is slowly all coming back
This is the only way you can think of things in the market we invest in….
Yeah he lost 10M...
Dont start thinking of it like that. Whether you realise the gain or loss, they are still gains or losses.
People will buy anything on sale, except stock ..... "buy low "
Stocks go down In value but the worth stays the same
*Great video! i really have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this approach?*
*This is not the first time i am hearing from this woman and her exploit trading world but i have no idea on how to reach her*
*I'm a beginner how can i reach out Maria Hamilton?*
*i watched her on fox she was amazing....i am definitely writing her now, i cant miss out on this opportunity*
Great, you just explained "Paper Wealth"
The same with real estate.
The best holding position is forever
- The Buff
Sucks when a company goes away. Then it is lost. Diversify!
Do you think Apple tesla and big phone companies are going away?
@@yendothegamer9880No company will last forever.
Interestingly this is not the opinion of the Financial Accounting Standards Board
Nice if you can just wait it out and don't need it for bills
It's amazing how many people are clueless when it comes to the ups and downs of the stock market. I heard someone say recently that Tesla stock has gone down a ton and if you bought some and lost almost half you're an idiot. You invest in things for the long-term. 10 + years should be in your mind.
All gains are notional and all losses are real😢
Yeah but money gets held up. You can’t reinvest it on any other growth opportunities to recover your losses and then some more.
Warren Buffet loves dividends. When you get dividends then you definitely make money.
Stocks are a store of value, not a get rich quick scheme.
And green paper might be king but it's trash with this rate of inflation..
You buy a stock at 100$ and it goes down to $0.00 and you never sold. Then you never lost the money.
This really demonstrates the mindset of a successful investor compared to the rest of us.
It's not a sports match. Once that clock hits zero or the final out is made you've either won or lost. You choose when you wanna end the game with stocks.
You don’t decide, history will decide when the game is up for US stocks and the dollar collapses.
Nice anecdote but not everything always comes back.
“The stock market in the short term is a voting machine. But, in the long term it’s a weighing machine” - Benjamin Graham
“U can always tell who’s skinny dipping when the tide goes out”
Warren
Unless that stock lost 50% in value and need more than 100% jump to break even lol. Gonna sit on losses for a while or forever.
Just locked in $470k in gains this year as of Friday to get my non retirement balance to $600,482. I owe $602k on my mortgage and am getting it paid off so I don't do something stupid with it!
They'll remain book profits, until you book profits.
Warren Buffett just sold some of his Apple stocks and of BOA stocks.
I told my wife this in 2008 when she wanted to sell our stock and pay off the house. I told her its not a loss until be sell it. We had a stock vaule loss of $100,000. But we hung on and years later we gained it all back and gained an extra $40,000. We then took the extra gain and paid off the house. We are now debt free with no loss. She was glad she listened too me.
The difference is he wasn't locked into losing assets.
A REALized gain or loss. If you went into a comma in Jan of 2020 and awoke Dec 2022, your stocks would have been more valuable. If you sold in Apr, you would haeve realized a 50% or more lose.
Definition of long term investing.
OK but unless youre the owner of the company and issued shares, you still spent green paper to buy that stock
Wait till Karmela implements taxes on unrealized gains….it will be a great success just like her tie breaking vote on the inflation reduction act! Shes so wise, excellent interview skills and very popular with Americans according to ABC News.
Few things, hr has enough money that it wouldnt matter if he did lose it.
Businesses went 100% busted in 2007/9 so he 100% list at least some of that money
Realest shit I ever heard in my life.
Wish I had known about this 10 years earlier.
It's green when he can borrow money with the stocks as collateral
Very useful thank you
Do you still have worldcom stock?
True. But if you use your portfolio to leverage your debt then you're sol.
Big move "I didn't sell it"
Well said!
Dave you need to get with the times
It’s called realised or unrealised gains/losses bro
Good to hear this good advice again.
Well said
Waite, dave, how did Warren figure this out ? Doe's he know something out V.P. dosent??
Green paper is also made up. Sorry you had to find out this way
Very true
Thats dumb!!! You make money when you buy! If you dont sell it and stock goes down, you have missed your opportunity to sell and repurchase more at a lower price. Or, you have to ride with it and purchase more stock keeping your average low so that you can make money as soon as stock goes up.
It’s called realized loss or gains. Teach something mr investor.
The hypothetical money
Yeah well on paper, it’s going down all month
We’re gonna miss you, Dave. Enjoy your retirement 🫡❤️💯
Until it drops down so low that they take the stock market off the exchange and then you no longer on the stock.
Then you made a stupid purchase. When has Dave ever advocated buying individual stocks? (Hint: Never) If VOO or VTI or QQQ ever go to zero, yuo've got a lot bigger problems than your portfolio.
"Your trend analysis of the financial markets is very accurate and I love your predictions of where the market is going. Keep up your excellent work!"
The way I've always looked at it is as long as it doesn't go down past what you put into it you're still winning
My bank balance went from $9k to $1.95mil in 41 months following this channel, anyone can do it!
EXACTLY
trading stocks - it's on paper until you sell it
buying bitcoin - you know much much you have in the digital currency
And green paper is also worthless
In green paper we trust 😅
And Joe is wanting to tax unrealized gains? We need someone else in there.
I haven’t lost money at the casino till I walk out. 25 red baby 🤑🤑🤑🤑🤑🤑🤑🤑🤑
Right, except if stocks/mutual funds are your only asset and you NEED cash (i.e. retirement), you’ll be forced to realize those losses. So Dave’s statement is only half true
If the stock goes to zero, yes you lost money
This fact is lost on most people.
That's why I am a divided investor not a day trader
Just like house prices.
It’s taxed by the state you live in and at the end of the year it’s taxed as income that’s overkill for those of you that have retirement accounts will sadly find out too late.
Do you beleive in locking in gains, not trading but, cashing out riskier investment when they reach what you beleive to be it's prime, like S&P was at ATH 2019ish, gold is now at 2 new ATH, Crypto was before n has one very year or 2