Don't look for deals, it's mostly junk they want to get rid of. If you had something you want anyway, meaning you know the name and model already, look for it on that day.
I wasn't focusing on FIRE, but how fast investments went from January 2019 up to today......the gains was pretty amazing and now FIRE is a reality for me. I also took a huge gamble and bet the farm in Tech stocks back in March/April 2020 and still holding.
@@BeatTheBush Even if you are with your bike, those bikes are targeted more often than autos by armed robbers. We live in a jungle. Keep your eyes peeled.
also i dont like using discretion when trading or investing unless you just buy and hold a hold an asset. like it doesnt make sense since humans have cognitive biases, just use quantitative methods to make the decisions but it requires a lot of work via scientific method and statistical testing to derive rules and techniques that can work out of sample but can still alpha decay over time
I can attest to everything BTB says here. Mutual funds, what a scam, on a long enough term they will always give you less than the S&P500. Although my broker switched to custody fee instead of transaction fees, so if I had insider information I could make a lot of money.
why would you trade for the first year since a study done 99% of traders lose money in their first year. I would just paper trade the first year to learn trading properly. Becoming a trader is a marathon not a sprint, you just have to survive.
You assume the institution of money will continue on to infinity. I’m a millionaire too but I would be glad to see it go to zero because that would mean money was abolished ❤我為人人人人為我💖福祿壽🎉秋津島日本真光共產黨😊
Yes but over-emphasizing a rare black swan event may result in preparation for something that may not happen in your lifetime. For now, I just work within the system.
highlight of this video: ring finger
YOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
FOR REEEEEEEAAAAAAALLLLLL
NICE!!!!
I’m 50% cash 50% stock market..and my stock market investments are half growth and half dividend stocks 👍🏽
Invest in your own self. Learn a trait /skill or two; stay in good physical and mental shape. You will need it in coming years.
Investing in your self nets you easily 10x-100x gains.
Still holding your dogecoin?
VTI or VT are solid ETF choices.
100% s&p500 with a paid off primary home is the way to go. Key is just to invest every month as much as possible.
$1000 engagement ring for Miss BeatTheBush
What is your psychology for not buying Black Friday deals? My guess is you have most of your wants, you have all of your needs.
Don't look for deals, it's mostly junk they want to get rid of. If you had something you want anyway, meaning you know the name and model already, look for it on that day.
I love this - such great advice. Going to watch more of your videos to learn more from you. Thank you
I wasn't focusing on FIRE, but how fast investments went from January 2019 up to today......the gains was pretty amazing and now FIRE is a reality for me. I also took a huge gamble and bet the farm in Tech stocks back in March/April 2020 and still holding.
Take profits and diversify
Do you still own the 1 million DogeCoin? :D
The most important rule is: Always have cash on hand. Hedge yourself with it to buy in if the market crashes.
crushing it!!
3:18 can you talk more about the tax issues related to doing a lot of transactions (your penny stock story)
Hey question on last video. Do you feel safe locking your 1500 dollar bike with a flimsy chain?
It's not too big an issue since I did not leave for long.
@@BeatTheBush Even if you are with your bike, those bikes are targeted more often than autos by armed robbers. We live in a jungle. Keep your eyes peeled.
Gonna invest that into my bike. Thanks for the suggestion though!
Retirement account ? Like investing your SP500 in like 401K or Roth IRA ?
As you can probably tell by these comments we are near a top, retail is fully invested and not a bad time to take some money off of the table.
also i dont like using discretion when trading or investing unless you just buy and hold a hold an asset. like it doesnt make sense since humans have cognitive biases, just use quantitative methods to make the decisions but it requires a lot of work via scientific method and statistical testing to derive rules and techniques that can work out of sample but can still alpha decay over time
One word: DOGE
VTWAX and chill
So what is the stock recommendation?
It doesn't matter what you invest in, this is more about the psychology behind investing. Invest in what you know a lot about.
@@BeatTheBush I know I like your pics. :)
I can attest to everything BTB says here. Mutual funds, what a scam, on a long enough term they will always give you less than the S&P500.
Although my broker switched to custody fee instead of transaction fees, so if I had insider information I could make a lot of money.
XRP baby !
Is the phrashe beat the bush a sextual phrase?
No. It is short for ‘beat around the bush’
Buy at high sell at low
My bank account. I give a 0% interest rate, so please distribute now!
my mans saying its not very much...
me living in the third world. mm $157,000
Surprised you didn't mention crypto
yolo your life savings in dogecoin 😃
Are you still invested in crypto currency, like DOGE?
1. Your health
2. PEPE
why would you trade for the first year since a study done 99% of traders lose money in their first year. I would just paper trade the first year to learn trading properly. Becoming a trader is a marathon not a sprint, you just have to survive.
Thought you quit UA-cam but your Doge vid came up. Being that it's still around and hasn't disappeared into oblivion is saying a lot (Doge i mean).
I see Doge Coin is worth $.42 today!
Yeah, screw E-Trade lol
Amc
You assume the institution of money will continue on to infinity. I’m a millionaire too but I would be glad to see it go to zero because that would mean money was abolished ❤我為人人人人為我💖福祿壽🎉秋津島日本真光共產黨😊
Yes but over-emphasizing a rare black swan event may result in preparation for something that may not happen in your lifetime. For now, I just work within the system.
I would invest in $1000 in QQQ but fun answer would be DOGE for a year since DOGE will be all over the news due to Elon and Trump haha
get back in doge
100% over my head. I learnt nothing.
I fully understand this wont be helpful for every person depending on what stage they are in their investing careerr.
Invest your $1,000 in top 10 cryptos and come back in 10 years and withdraw your gains.