ilmscore | Just Became A Meme Stock Millionaire

Just Became A Meme Stock Millionaire

Published: 2021-05-31
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Andrew DeWood plans to diversify into real estate or a more stable investment once he reaches his millionaire goal.
"he'll sell out. He'll diversify until invest in something a little bit more stable like real estate or build a bear."
Andrew DeWood's Investment Strategy
Pending
Andrew DeWood believes that traditional savings and moderate investment returns are too slow to build significant wealth, advocating for higher-risk, higher-reward strategies.
"he believes that savings isn't enough to grow wealth as a flight attendant he was able to save $10,000 a year which is not a small amount by any means but if you wanted to grow that to a million fortune it would take 40 years of investing consistently for that to happen while earning an 8% return adjusted for inflation."
Andrew DeWood's Investment Strategy
Pending
Andrew DeWood initially bought Neo at an average of $4.18 and later reinvested $1.7 million at $30 per share, with an expectation to sell at $80 per share.
"he dumped it all into the riskiest from all of this GameStop. He was able to purchase 50,500 shares on December 28th for an average price of $2 each... He then moved all 1.7 million back into Neo at $30 a share with the expectation of being able to sell at $80 a share."
Neo (NEO) Price Prediction
Pending
Andrew DeWood's investment in Neo has experienced a 30% decline, resulting in a loss of $646,000.
"unfortunately his investment in Neo is now down about 30% working out to a loss of $646,000 today"
Neo (NEO) Investment Performance
Pending
Andrew DeWood believes Neo's price will not significantly increase beyond a certain point, leading him to sell covered call options.
"Andrew doesn't believe the price of Neo is going to increase beyond a certain point and he's willing to take a bet on that by selling a cover call option and collecting money up front."
Neo (NEO) Price Potential
Pending
The speaker questions whether Andrew DeWood will diversify his holdings after his recent successes or continue with high-risk 'yolo' investments.
"the real test is going to be when it's over is he actually going to diversify and take it easy or is it too easy to continually place the chips back on the table and yolo it for another million."
Andrew DeWood's Future Actions
Pending
The speaker suggests that while risk is necessary for rapid wealth acceleration, a responsible approach is crucial for sustainability and consistency, contrasting it with Andrew DeWood's high-stakes strategy.
"building wealth doesn't need to be an all or nothing approach... it does take risks to quickly accelerate your net worth as quickly as Andrew has but doing that responsibly is going to be the only way something like that could be sustainable and consistent."
Building Wealth Strategy
Pending
Shortening the investment timeline to achieve wealth significantly increases the risk of losing all capital.
"the more you want to shorten that timetable the more you risk losing everything in the process."
Investment Timelines
Pending