The Predatory Gamification of Investing
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- Опубліковано 28 вер 2024
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The growth in popularity of zero commission brokerages has allowed many first time investors to enter the market without having to pay costly brokerage fees that would have made their investments pointless in the first place. Before platforms like robin hood the industry standard for stockbrokers was to charge a fixed percentage of every trade made on both the buy and the sell side normally 1-2% for orders over $5,000.
This business model usually included minimum brokerage fees that could be as high as $50 per trade so someone who only wanted to invest $100 a month would instantly be 50% down on their position the instant they entered the market, they would also lose another 50% of their initial investment when they exited the market because broker fees were charged on both the buy and sell side. Stock brokers got a bad reputation for encouraging their clients to trade as much as possible often based of dubious stock tips all in order to get as many trades through their desk as possible, because more trades meant more fees and more commissions for the individual brokers on the other end of the telephone.
This is what was depicted in one of the early scenes in the world of wall street when Jordan Belfort was a rookie on a trading floor. His job was to try and connect licensed financial brokers like Matthew McConaughey with high net worth investors so that the brokers could talk them into making a trade and collecting their fee along the way. When Belfort went to his job interview at investor centre and talked about making 1% commission at LF Rothschild that’s what he was referring to.
The fees that stock brokers charged were high, but at the time they were not entirely unreasonable. In the days before automated trading settlements. Back then the clients buy or sell instructions had to be given to individual traders on the actual stock floors of exchanges around the country, so it made sense that clients covered these costs with some margin so that the brokers could still turn a profit by providing this service. But then along came automated settlements which meant that now most buy and sell orders don’t interact with any humans at all apart from the people on either end of the trade. Cutting out all the people in the process reduced the expense of facilitating stock trades which allowed brokers like robin hood to come along and offer trades completely for free.
For most traders commission free brokerages are a much better alternative to the more traditional brokerages that for some reason still think it’s fair to charge normal retail traders fees of up to 2%, but they are also not charities, the major commission free trading platforms are multi billion dollars companies, which means they have found other sneakier ways to extract money from their clients. There are several hidden costs to using these platforms which means that just like the Jordan Belfort style stockbrokers of yesteryear, they are making money off novice investors every time they trade, and the more trades they get people to do the more money they make. The only thing that has really changed between then and now is how they make their money and the strategies they are implementing to get people to trade as much as possible, and that’s by turning the whole process of investing into a giant game where instead of making diligent and consistent contributions to a well thought out portfolio, investors will instead play for high scores complete with confetti animation while using financial instruments that they should not reasonably have access to.
So it’s time to learn How Money Works to find out how the gamification of investing is costing average people billions of dollars every year and why people keep falling for these tricks.
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#finance #investing
Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
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All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
The first 100 people to use code MONEY with the link below will get 20% off of Incogni: incogni.com/MONEY
Okay, as a WSB member, when I trade options, I'm not looking for good investments. I am looking for my fix
Are you talking so fast for retention purposes because it is really really fast and kinda annoying
Your advert seems suspect af.
@@tjakkobosma5872 Click the gear icon and set playback speed to 0.75%...it sounds a little drawn out but it'll be a bit slower (and probably more annoying) for you 🙂
@@stillpaints someone hasn't watched the video!
There is no such thing as commission free...when you pay nothing for a product, you ARE the product being profited from
I agree with everything said here except that I absolutely did fix a sink after watching a plumber explain how to do so on UA-cam.
Yeah some people are weird. A lot of things are really easy to do and could save you hundreds in labor.
Agree, thought that was a bizarre comment in the video.
People attempting to save money hiring specialists and learning to do things themselves is one of the few economic counter-pressures to increasing labor rates for those disciplines.
It can be miserable and you can make big mistakes, but encouraging individual initiative in things like plumbing, electrical work and carpentry is important.
Yeah, I think the point was more about trying out every new trick in the book. A better analogy here might be more like installing a wet-room with some fancy new piece of hardware technology and re-plumbing your bathroom all by yourself because your bathroom sink broke.
Of course, for some pople, that's absolutely an option (pun not intended), but for most it's not really a good idea.
Fixing a sink does not make you a plumber though. His point was that you can learn the basics with UA-cam tutorials but you need a better education or a professional for dealing with more complex things. Setting up a retirement account, budgeting, and investing into that retirement account is pretty straightforward while learning to use options in a way that doesn't open you up to crippling financial loss is not something that UA-cam videos are well suited to
Well that depends. I think he was refering to more complex plumbing improvements. Fixing a sink is one thing. Fixing a blocked pipe, for example, can be different sometimes. A few years ago we had one of the main pipes blocked, we tried clearing it with no success. I said lets get a plumber but my room mate was stubborn and got a contraption to reach into the pipe and try to break up the blockage. Problem was it too got stuck at a 90° turn and now we had 2 problems. The second one being far worse since it was so deep into the pipe, if it didnt get unstuck the only way to get it out would be to break open half the kitchen floor to get to it, which would cost thousands. After that she relented and we called a plumber and he did manage to get it out, although not without a lot of effort. Sometimes its best to leave some things to professionals.
Note that Robinhood can charge 0$ fee, not only because of automation but by selling their user data too.
Seeing Robinhood reminded me or r/WallStreetBets
Have your investments set on auto withdrawal and never look at the market. Has been my winning strategy so far 😂
Didn't expect to see you here.
Unless ur a quant or have 12 hours a day to dedicate to markets and twitter alpha, fr, just do dis
How did you set when to withdraw? How big of a win?
@@armour2king it’s called a take profit and you should do it any time you feel like a money making genius because youre running out of other “money making geniuses” to dump on. There is no specific number or % you do this at. I like looking at where price has LOCALLY topped out in the past and I set it a few percent under there. If you’re in price exploration, you’re gambling but there’s usually great gains there. Unless it’s a fake out. Have fun!
@@armour2king He clearly does the winners technique, withdraw only when there is 1000% gains or 100% loss
There is so much bot spam in this comment section. UA-cam really needs to do something about this.
I don't know, giving youtube more tools of social control is not something I like. I actually like the idea of a lot of social media becoming dysfunctional as it means people will do more face to face interaction.
why hello I am here to talk to you about extending your cars warrantee
Why hello, I was struggling to make ends meet financially but now I make $10,000 every month thanks to simple investing advice. Make money work for you. I couldn't have done it without help from Mr Brown.
@@theorangecandle That's the thing though. Investment like that is very risky so you mostly got lucky. Most people lose more money than they gain via unwise investing so it's much better to just not try. If you are going to invest you have to really commit to it and put in a lot of time and energy and the gamefication makes it far too casual.
Human beings are notoriously bad at risk assessment and so for every one person that makes it doing high risk investments there are 3 that don't.
Not only that but a lot of casual investors are the cause of all the dumb money flowing around. They invest their money into shiny vaporware that leads to nothing or companies that actively make the world worse for everyone but themselves.
@@MrMarinus18 satire
10:01 when I joined the Army it wasn't as big as when I got out. By the time I got out it felt like everyone had Robin Hood and would talk about day trading constantly. I used to say exactly what you said. People were either investing way too much with minimal knowledge or like $100 with minimal knowledge. Of course nobody likes to hear the truth when they’re having “fun”
I've been purchasing stocks since the beginning of the year, but nothing has changed. However, I've been reading articles about people who are still in the same market who have made over $350,000 in just a few months. What am I doing incorrectly?
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.
@@ThomasHeintz wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@@ThomasHeintz Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Bots
@@kuromu8467🤣🤣🤣 they've gotten good LMFAO
I'm not in any way joking when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.
I cannot focus on the long run when I ought to be retiring in 4years, you see l've got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/ unstable market doesn't provide any calculated risk opportunities to make profit?
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
I completely agree, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and I've gained over $850k following guidance from my investment adviser.
If that is the case, it would be an innovative suggestion to look out for Financial Advisors like Olivia Maria Lucas who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be vital to weather the storm.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her.Based on her résumé, Olivia appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her
“Time in the market beats timing the market”
Time in the market with blue chips and leveraging to the tits into US BOND ETFs.
Not if the timing is good. "Timing is everything."
I have more money in NVIDIA, Alphabet, Amazon and Microsoft than any other single invstment in my entire life. Translation: I’m not leaving.$120k in profit made in Q2 2023 thus far.
Just bought more of those few days back!!
@@glenbert1396 Good to remind people now; You buy out of fear and sell out of greed, or just see it through for the long haul. It's simple, but many people forget. Time in the market beats market timing. Some people think they can view investiing as a get-rich-quick scheme, but it doesn't quite work that way.
I agree. Based on a first-hand encounter with a CFP 'JILL MARIE CARROLL' I have $385,000 in a well-diversified portfolio that has grown 3x compounded. Taking risks does not necessarily equate to money, but you also have to be informed, be patient and come back with good hands
You can louok her fuull name up and coneect with her on her web paige
Bots
That Patrick Boyle cameo is amazing 😂😂
"The boomers with real money" killed me xD
hilarious 😂
u should make one about the whole sports betting plague they are manufacturing, as a college student I see it first hand
11:11 haha i love the patrick boyle reference
Associates in Game Design, Bachelor's in Finance. I was made to love this video! 😂
This is a big problem imo. A colleague of mine is really into stocks, and he has like 10k in his stocks, and so far he made a couple hundred bucks in growth.
I spend 3k on a welder and a lathe (which i as a tool maker know how to use), and ive made over 1k just for little odd jobs for people, without ever advertising my services much.
I like your option explanation. The only time I recommend options to anyone is if they are able to sell covered calls DEEP OTM. This way there's little chance of them hitting the strike while also gaining a little money off the stock that they wouldn't receive otherwise.
Theta gang wins again
Pennies in front of a steamroller...
You can go OTM closer to the underling, 0.3, 0.4 Delta nothing wrong with that. What is the basis of this strategy is that you should do it when you believe that possible gains lost when the stock probably of going over the option strike are lower than the option premium, of course over a large number of trades. It doesn't matter where the strike price of the option is compared to the underling, what it matters is that you have a statistical avantage in trading this way.
Deep OTM covered calls on $SPY. You nailed it.
As much as Robinhood is good for its zero commission, my bank didnt stop me from buying/selling gamestop stock
I'm so glad to see this is now being discussed. Awesome work
SO happy to see this video made
I have fun dollar-cost-averaging into the S&P 500 through my Fidelity Roth IRA and you can't take that away from me.
The gov can seize your assets
@@phazon100 they kind of always can :/ That'swhy you gotta vote (and hope)
Yes, the stock market is currently rather unstable, but if you perform the proper calculations, you should be alright. I believe there are many wealth transfers taking place during this downturn if you know where to look because Bloomberg and other finance media have been documenting stories of people making over $250k in a matter of weeks or couple months.
Particularly in this weak market, there are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
The bad thing about UA-cam comment sections today is that I cannot tell if long, grammatically correct comments like this one (esp one with lots of likes) is a genuine comment, or another link to scammy "business advisors". lol
Someone may earn a lot of profit. You will not be one of them
Buddy I am one of the ones in between being above market return rate but not being above 50% return rate. It is a f**king gambling house you copium snorter.
@colleen.odegaard 3 years. Okay yeah I have to admit that given a good income monthly and good trades. Slightly likely, more believable if you say 4.5. Not that it isn’t possible for 3. But in order to do so, you’d have to already have a million to start.
Schwab doesn’t charge fees for making trades anymore. It’s been a few years since they did charge fees for investing. I do agree with you about Schwab being the grownup brokerage compared to Robinhood.
Not only do they not charge fees anymore, but Charles Schwab also does PFOF so really the only things that are grownup about investing on Schwab vs Robinhood is probably their financial backing and their grownup (aka old) UI.
It is fun.60% invested in Berkshire Hathaway stock. 10% in aggressive growth International funds. 10% in low cost S&P 500 index funds and the other 20% swinging for the fences. Myself, my wife, my kids, and their kids can live off the 80% invested but I want to find the next Apple, Alphabet, Amazon, or Berkshire. Those are already trophies on the mantle and head's on the wall. I was hoping one was going to be Intel ($22.40 avg) and although still walking they're missing a lot of toes.
yo I REALLY like this channel. it’s really hard to weed through the bullshit of financial advice. it feels so nice to find a channel that isn’t bullshitting me. I also like how it breaks down complicated information into an easy to understand format. great for me because I’m not that smart or skilled at financial things. you rock
I don't see the problem with investing a little bit. For me it was a good way to learn with no money, so when I actually made money I'll be in a good spot
As a Gen Z that uses Schwab to invest my savings and having a good credit score for my age bracket, I absolutely felt called out at 11:10.
Yea, I learned to avoid the "fun" options in house investing too. When someone's pushing really hard to get you excited about the investment or market and it feels like a pep rally, you need to leave. The purpose of investments is to be successful long-term, not to be exciting in the moment. If someone is selling you on fun, that probably means there's serious problems with their product that they don't want you knowing. Or rather, you're not their target audience if you know to ask such questions. They want easy prey.
Fortnite skins are basically NFTs but y’all still ain’t ready to have that convo
Is it ironic that UA-cam decided to play a Webull during this video?
Note that there is an investment option that can consistently make 50% or 100% in the first year - getting your company's 401k match. (Depending on if you have to wait for it to vest, of course.) But yes, as a general guide for investing, a good first few steps are:
1. make sure you can pay your deductables, then
2. Have a 3-6 month emergency fund, then
3. get your company's 401k match (if available), then
4. pay off your high-interest debt (anything over 6%, adjusted down 1% per decade over 20. ie, the older you are, the lower your tolerance for debt should be.)
Great video on the realities of investing. Financially retired Gen X guy here
I always try to keep apart the "serious investings" and "gambling investings". Like, there's the real investment of some stable companies and such, and then some money I couldn't care about losing so I bought Shiba because cute dog. I think it's fine as long as you know what you're doing and how each instrument works. Problem is, many people don't.
Exactly, I do "dumb trades" with money that I refer to as my "entertainment budget". It basically consists of money I would've spent anyway on movies, games etc. If there's no decent movies I wanna catch in theaters, then I'll go buy a random stock with it.
Good strategy. My retirement accounts, HSA, and government treasury account is what I call my "serious investing." I have a separate brokerage account where I "roll the dice," but do hope to make a profit on my chosen stocks/REITs with reinvesting dividends and holding for years. I also use some "stupid money" to buy precious metals bullion, which I consider a small dose of "investment insurance."
That's what I've been saying. I always laugh at these saps losing their life savings on some meme coin. Like read a book guys, it's obvious that most of your wealth should be in gold stocks.
Now I KNOW Mr How Money Works passed his SIE on his first try. Great video
Ironically the ads on this video were trading 212 and a shitty mobile game
The Patrick Boyle cameo is hilarious in this
Mom and pop investors are going to lose their shirts when the cooks turn up the heat and pull it all.
love the videos now i have no ambitions in becoming rich.
The irony of having Robinhood as my pre-video advert🤣
Great video! 💯
Don't mind me, just DCAing into SCHD, O, and JEPI
Selling gamblers otm options it's a very profitable business for big institutions
It's just a casino, that's it. ROI at just less than 1, gambling tools, the fake promise of getting rich.... It's just a casino and should be regulated accordingly
I’ve told people of how I used to invest and how much research and time I put in everyday and it’s just something they didn’t want to do. They ended up just jumping in on what everyone else is doing lose a bunch then quit.
I use robinhood, and probably will for some time. I don't treat it like a game though, I just treat it as an easy entry into financial markets. Load up on some REITs and growth ETF's, and just monitor.
just wait untill Defi gaming becomes mainstream investing and games will become the same thing.
There are people paying 25% interest on credit card debt but use extra cash to invest for 8% returns
@13:34 Welcome to the nation of Casino Capitalism!
“Get rich or ’die’ trying…”
Commission free trading was around with other brokersges too. Schwab, Vanguard, Fidelity haven't charged fees in a number of years other than stocks out of the US and options, etc. i personally hate Robinhood.
I lost like 350 on options, learned my lesson and I will never do it again 😁
Indeed good 4 u
Got a Webull ad on this which is hilarious
And here I was expecting discussion of turnips.
When the guy at 5:45 sitting center stage in the chair had that thin white line hovering above him: I winced.
Hate when I forget to edit stuff like that out.
This reminds me of the tobacco and vape industry marketing to kids with cartoon mascots and candy flavors.
you need to make a video to break down all this from scratch tbh
What's really interesting is that the conventional wisdom has ALWAYS been that the most successful investing strategy for the layman, as embodied by your 401k, is that it should be as automated, hands-off and boring as possible. The new gamification and democratizing of more and more sophisticated financial instruments don't fly in the face of that. They're merely shiny objects.
Not just the layman but everyone.
I re-found a t-shirt I bought 19 years ago, I've worn it hundreds of times, cost me very little, and it's still in better condition than a new boohoo t-shirt I have washed and worn a single time.
I swear that from now on, I'll start every how money works video after the 3 minute mark. Gone are the days where he used to value our time and give the answer up front. Now he's putting extra padding at the beginning as well as the end of the video.
It’s brutal
He used to be the guy to give the answer straight away, now he stretches it.
That's just how UA-cam Monetization functions. It is the same with every professional UA-camr.
@@MagiconIce yeah, I don't mind a minute of fluff which sometime is needed for context. He's gone the other extreme way though - from immediately giving the answer to 3-5 minutes of fluff. This specific video really starts at the 5:00 minute mark which is absolutely brutal.
Use sponsor block
The thing with darkpools that you didn't mention is that there is no price discovery in the dark pools, and the firms that manage these can put the sales on the lit market (driving down the price), and the buys through the darkpools. Hence all the drama with "meme" stocks and shorters in the last couple years.
Costly brokerage fees ? Yea 10 bucks to trade 100000 dollars is a lot.
If the sp500 grows like this. Does this mean that the gap between rich and poor is growing? Or that there is always more monopolization?
Always has been
If your not making money sleeping your not getting ahead
The 8th wonder of the world is "compounding" 💰
Great video, however you should have simply said these items apply to people making less than $50k a year. It's only a point to people working at Walmart, barely getting by, that THEY shouldn't invest until they've got a good emergency fund stacked.
Hahaha the Patrick Boyle cameo was gold!
Investing is only a problem when you're losing money.
Idk what you're talking about I thought investing was about having fun not "returns"
Wow this video was depressing. I should continue learning how to code, I guess.
I got two ads for commission free brokers during this😪
Out of the money call options do not usually have especially wide bid ask spreads and they always have a substantially tighter spread than the equally ITM call option for the same underlying/expiration
It completely depends on what underlying you're talking about. If you're talking about SPY options then yes the spreads are tight. If you're talking about small low volume stocks, or very high volatility stocks then the spreads are massive.
@@2011blueman The underlying is irrelevant because OTM calls were specifically mentioned even though OTM options always have better bid ask spreads than the same underlying's ITM options.
@@Brayness LMAO, don't ever trade options, you clearly don't understand them.
@@2011blueman Find one example of an underlying with ITM options that have a small bid ask spread than OTM options lol
@@Brayness You keep ignoring what I wrote and posting the same asinine comment. Is the problem that you can't read? This conversation hasn't been about ITM vs. OTM spread you idiot. Learn to read. This conversation has been about your incorrect statement that OTM spreads are usually tight.
Correct me if I'm wrong but I used limit buys/sells to get around this but only have a few investments that I'm in for long term. I was sucked into the mania for a little bit, never works
You'd still be susceptible to bid-ask spreads even with limit orders, the brokerage gets a better price by few cents and profits. You'd be correct it doesn't matter long term. Spreads on the most popular stocks tend to be few cents during regular trading and even in the short-term (a day), spreads don't matter unless your scalping (trading method of buying-selling a security or 0dte options for a few cents gain amped by leverage and/or volume of trades).
Hey, it would be good when using movies to illustrate your point, to include the title of the movie. I'm always on the lookout for good finance related movies.
Fun Fact it takes money to make money
Look investing in stocks is just going to the casino aka gambling if you can't afford to losse it don't do it
8:27 The problem with this model is that it is no longer a feasible long-term plan for anyone below the age of about 40 anymore. Most young people can see the writing on the wall and understand that even if they contribute to a 401K, 50 years from now by the time they're supposed to retire that money will most likely be essentially worthless. Therefore, many younger people are willing to take on risk to their "investing" so they can actually try and achieve their monetary goals in life they otherwise think they would not be able to achieve. I'm not saying they're right, I'm just saying I understand why they're doing it.
None of the issues you're describing are new. People have been complaining about all this for decades. Don't get me wrong, the criticisms are valid, but everyone enters the workforce expecting a lifestyle equivalent to their parents'. They assume everything's broken because that isn't possible. Then, as they settle into their career and begin affording things previously out of reach their perspective changes. They also become slaves to consumerism but justify themselves by blaming those who came before.
At the end of the day, people want to fix a system right up to the moment they start profiting from it themselves.
You say the gamification of investing is bad but gloss over dark pools like it’s a minuscule detail. Its all a game credit, banks, the fed and stocks. You can invest 100 a month into a great stock that a hedge fund decides is a great stock to short. Then they release bad news And use dark pools to kill all momentum with 2x leveraged shorts And decimate the stock price over months. The 99% are entering a game the 1% have been playing for ages with a massive edge of course people will be loosing to them. Put your money in a bank and they go and use your money to invest and give you fractions of cents if what they made.
zero fee options are good actually. options present the only way to take a bearish position with a high chance of profit, no need to precisely time the market, and recovery potential if i bet wrong. no fund has this characteristic
You must have a good a lawyer because you are using movie scenes in like 80% of your videos instead of stock footage lol😅
We are out for your money: thanks for being our ATM
This vid will be a very spicy thread in r/wallstreetbets and I'm all for it
Prepare for a lot of scams and bots in the comment section...
Did you like, increase the speed of your voice ? This video feels weird
lol
7:54 “or”?
Wsb, baby
Based Martin Shkreli take on not investing in the stock market if you're poor.
I like your videos, but I think you really padded this one out. While I know some setup was needed, you really didnt get to the subject of the video title till halfway through the video(that includes the intro and ads). That and I wished you talked more in depth about the actual gamification of investing. You mentioned it offhand, but the giveaways, leaderboards, thumbs ups and downs, and especially the code giveaways for event drawings(which seem to really benefit financial youtubers, especially back when the boom set off in 2020 ish) should have been more of a focus. About how they prey on people using almost gatcha game like features. Still enjoyed the video, but I feel the set up with talking about brokers, dark pools, and zero commission fees were really just points aside from what the title of the video would suggest.
"Good investing should be boring"
This cannot be over-stated. The times I've made money trading are when it was about as exciting as staring at a wall for a month.
"that they should not reasonably have access to"
at that moment my trust in this video evaporated
Hate how there could also be a tittle the predatory investification of gaming
I sent this comment before actually playing the video oops :face_palm:
More ''recent'' video? That one was 1 year ago. Or am I missing something?
I began accumulating wealth when I started following up my investment properly, The value of expert mentorship cannot be overstated. Without proper mentoring, people tend to make mistakes and loose money. This is why I prefer to invest with Juliann Hart because her methods are unique and extremely profitable-
She offers the best services and continuous wins in the markets-
Juliannhartt
I invest with Juliann Hart. I gave her $25,000 I saved up for child's college fund, and lost everything. Now my wife has divorced me, my children hate me, and I service truck drivers at petrol stations to make enough money to eat food.
I am so glad I had her expert mentorship, wouldn't be here without her today.
Can you do a video talking about minority mindset videos and his methods of buy and hold using something like the 3 fund portfolio within fidelity.
Bro why would you use incogni insdeat if saymine
i love the brutality of your messaging 🤪
he makes good points ut the problem is much bigger economics in America and the facts is 100 dollars in the grand scheme of things wont really fix my credit or really get anyone a career worth while so if one lost a hundred dollars the world wont end even if one doubled a hundred dollars it prolly wont change much so all of this is a mute point really its a hundred dollars it wuld take thousands of dollars to realisticly change any situation
there is no such thing as a get rich quick scheme...
The music in the background of this video is unbearable
Good argument
Unfortunately
Nobody asked
(11:02) This is definitely not good for long term investing; however, this could be fun for day traders.
Lambo vs cardboard box
Trading has nothing to do with investing