I lost $59,811 TODAY on Robinhood's trade outage
Published: 2020-03-02
Status:
Available
|
Analyzed
Published: 2020-03-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Lowering interest rates by the Fed will significantly benefit real estate investors.
"the Fed has kind of got involved in the markets and they're manipulating at in there they're going to lower interest rates which will benefit real estate investors Bigley"
Pending
Long-term investing is predicted to be more successful than short-term strategies.
"long-term wins the race"
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A cautionary tale is shared about significant financial loss due to options trading.
"I have a friend of mine that lost a five hundred thousand dollar inheritance potentially to uh to a twenty plus million inheritance because of option trading"
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Consistently investing small amounts ($5-$10) daily through dollar cost averaging is predicted to perform very well over the long term.
"it would suck that you got you could not buy option or you could not buy stocks today because they were on sale and you couldn't commit to like was it dollar cost averaging continuously buying money putting five or ten dollars a day in the market which would do very very well over the long course of time"
Pending
Opening a Roth IRA while poor is advised for future tax-free wealth accumulation.
"get a Roth IRA account if you are poor now because some day later when you're rich it'll be tax-free"
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Opening a traditional IRA for those with current rich or medium income is recommended for potential tax write-offs on investments.
"if you're rich or medium income now get a traditional IRA and you can start contributing money to a traditional IRA and you can potentially write some of that investment off your taxes"
Pending
Recommended investments include Vanguard bond funds, S&P 500 tracker stocks, and Vanguard's small-cap, mid-cap, large-cap, and tech funds.
"I posted like VOA and VBA Oh a NVB the Vanguard bond fund and then I buy the Vanguard SP 500 tracker stock and then I like the Vanguard small caps mid caps large caps and then Vanguard has attack tech fund it's really all I would really invest in in the mark"
Pending
The speaker is investing in long-term funds for their children, and their ten-year-old has already made significant money from these investments.
"and it's what I'm putting my kids in and my kids I don't know how many hundreds of dollars they've made today but my ten-year-old has made a lot of money today probably more than I have because by my choice not hers I have committed her to buying long-term funds"
Pending
Upon turning 18, the speaker's child will have access to several thousand dollars for purchases like a car or starting a business, such as a vending machine business.
"and when she's 18 she's gonna get access to several thousand dollars and she can buy a car with it she could start a business she could start a vending machine business"
Pending
A list of potential future business ventures and investments is provided, including trailer parks, vending machine businesses, laundromats, flower shops, car washes, warehouses, gyms, and large apartment complexes.
"you want to buy a trailer park you want to buy it a vending machine business you want to buy a laundromat maybe you want to buy a flower shop like my buddy Sean maybe you want to buy a car wash which I want to buy maybe you want to buy a warehouse maybe you want to start a gym maybe you want to buy a large apartment complex"
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Investing $10 per day for ten years in an IRA is projected to result in tens of thousands of dollars.
"ten dollars a day ten years from now you have tens of thousands of dollars"
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Failing to look beyond immediate difficulties and focus on long-term goals leads to a 'terrible trap'.
"if you can't get past the the doldrum of today and look at your long-term your long-term goals it's very hard and you end up in this terrible trap"
Pending
Getting too caught up in daily events and short-term thinking is a trap that leads to negative outcomes, similar to the speaker's past experiences and why they dislike options and forex trading.
"it's the same trap that I was in when I was younger our family was in it's the same trap that everybody we were around was end guy it's that you you you or get so comp do you get so wrapped up on everything that happens today and short-term thinking which is why I don't like options and why I don't like forex because it's very short-term thinking"
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The chances of becoming rich from buying a lottery ticket are extremely low.
"the chance of you getting I don't know hopefully it doesn't say the chances of you getting rich off the lottery ticket are that big they're teeny tiny little baby chances"
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Long-term real estate investing, including house hacking, is presented as a viable path to wealth, contrasted with the low odds of lottery wins.
"the chance of you getting rich off ETF and doing long-term real estate investing and buying your own house but how about you house hack"
Pending