“Losers quit” That’s what I keep telling my AA group, but they keep calling me “toxic”, “a monster”, and “exactly the kind of person they’re trying not to be.”
You've done this video every couple years. LoL what a great time to be alive to have soo many buying opportunities. I hope someone new is watching this version for their first time and takes your advice. I'm glad I did over the years. Thanks.
Been a long time viewer of Rudy's. I recently got my first real job that isn't paying me in only floppy tacos and chuck norris fists to the face. I'm excited at this incredible time to buy into the market. I saw my port go from +200% to being negative ytd. 🙃
As someone who shared a similar past financial career as Rudy, I can honestly say Rudy REALLY knows what he's talking about. He gives free advice that other advisors should be giving. Very knowledgeable individual. I hope people take his advice, as this is the time of transfer of wealth from the impatient to the patient.
You might be the best channel on the platform mate. I remember 08 well too, I agree this does not feel anywhere near that level on panic yet. With war going on and covid disrupting supply lines I think this recession will drag on many more months.
@@cyrus5454 how? We aren't even close to solving the inflation issue, they're gonna keep raising interest rates, and the Fed stopped buying bonds - they're selling them!
Love Rudy's voice of sanity in the financial realm... I don't really do a lot of investment in physical assets (small collection of single MTG but they're really more for sentimental value) but I appreciate his insights into portfolio management and staying the course for the long term.
The sad thing around a third to half the people I talk to about investing lost it all in 2008-2009. Whether it was selling when the S&P got under 1200 and never buying back in or getting hit by a margin call on the way down because you were triple levered up in the name of chasing higher gains. When I explain that 2008-2012 were my best years as an investor, people look at me like I am crazy person who has lost my mind or living in a different reality than the rest of world. Perhaps it's just the world we live in today, a "dog eat dog", "one man's pain is another's gain" type of world.
It's possible this may be worst (not from a sentiment perspective) than the 08 crash because of the insane parabolic run up we've had in asset prices over the last 12 years. The easy money has caused an intense asset bubble that is in the middle of correcting. However Rudy is right, in the long term holding high quality stocks with good balance sheets is nearly always a winning strategy.
Man why you make folks laugh, sir, william, of-Gettysburg, lolz-maybe so, this for you, know that shitty hotel outside the city, floors always wet, that place, bad ac, unit over the door leaking, man-me, that wiggys,who, like the joke, some will not get it, as, subbliminal wordish, for-let that flag fly man, with some color on it-yes, you related to, General-Stone,,-,Wall-and, Jeb-Stew,you got that right
Agreed. I've been dollar cost average for a long time. When the market goes down, my stocks are on sale. When my stocks go up, I'm making money. Don't let emotions get to you and keep on putting money into the greed monster, you'll walk away richer than if you try and time it perfectly
This is it boys. I’ll play the violin 🎻 while step bro gets ready. It’s been a pleasure gentlemen. I’ll be buying my old magic until the internet shuts down to have something to remember the old world.
As much as I would love to agree with you Rudy, there are analysts who are predicting a lost decade in the next 10yrs similar to what happened to the Japanese market in the 80's. As someone who has lost 30% of his 401k in the last 3 mos and who is 51yrs old, I'm scared for my retirement.
i got out of college in january 2011 and couldn't get a job......like any job. like, i got an interview at a popcorn shop and no call back. I'm not looking forward to another recession, but I'm definitely glad to be in a better spot, job-wise and also owning a house now, considering how bad it was back then
Over the last 8 months, the stock price for my job has erased 5 years worth of gains. I’m putting everything I can spare (not being a hero) to put into their stock purchasing plan (extra 5% off). It’s basically like getting in on the ground floor. Our revenue is up but profit is down because we opened up several other locations. I don’t expect it to bounce back overnight, but once the bonds that we’ve have matured (2023, 2025), I would expect this to turn around. This job is in medical billing. Short of some miracle getting us universal healthcare, my job isn’t going anywhere.
time in the market beats timing the market. As these stocks go down the dividend yeild goes up. I still keep getting paid my dividends and can buy more shares with them. :)
The only thing you forget, people don't have the extra cash to keep buying these days. Heating/electricity exploded 400%, gas prices 40%, building materials (if you can find any) 2-300%, food 20-30%. + the income raise lags a year behind each inflation drop.
Im holding so many bags when i call a taxi they ask me what time my flight is. Not even bothered. Not like i leveraged or used money i couldnt afford to lose. One day ill pull up at magic the taco bell and take rudy for a spin in my lambo!
Lucky you. I remortgaged the house two times and took as many credit cards as I could to YOLO into these risky positions, so now I have collectors surrounding my house like a horde of zombies 24/7 (" -.-)
@@fsmoura yeh fuck that. The only reason id remortgage the house is to buy another to rent out and pay the mortgage with. Free real estate as they say. Hope the coin lands on the right side for you bro. If all else fails theres always other countries you can run too. They cant find you if your not there.
as long as he can convince enough people to not sell he'll try to stabilize the price and save himself tons of money. the more people sell the more money he loses. so of course losers quit.
listen gang, grab the knife as it falls, let it slide against your skin, feel the tearing, smell the blood, accept the pain, the wound gets deep but it calluses even harder afterwards
ya know what hasn't dropped in this current crash? Dakkon, Shadow Slayer. That card already dropped. You know what I think this signals? The "drops" in 2022 are just the retracement and correction of over inflated prices of 2021.
An advisor in his 80s once told I and my colleagues at work that the only way never to go broke trading was to buy with a good company,he thus said that Jobs will only pay your bills, business will you make you rich but crypt0 investment and trading makes and keep you wealthy, Mrs. Anita of blessed memory then asked him how known good companies? This question is still lingering in my mind
After my experience of slow emotional torture in 2017 when my portfolio fell by 45% in two weeks after investing funds meant for my daughter's bridal shower, I later devised a strategy,I don't hold minor companies and booming hot picks
@@lesleyannaffleck505 I prefer working with Mr.Charles schwab, though I'm not referring. charles is not quite popular and he owns a good investment company,you can look up to him in the web
Best channel on RU-vid for sure. Sage advice. Been investing every month for the last 15 years, nothing changed now. I’ve had some cash saved so I could start buying more when things dipped. It’s like Black Friday for stocks right now, the lower they go the more I buy.
Rudy thanks for this advice. For the first time I have been nervous about losing all this money (not like your money but 60k which is a lot to me) but you are the second person that has said to stay the course who has been through the last crash. I feel a bit more comfortable but still watching and being aware. My fear was I have 14yrs to retire and I dont have millions so yes I am concerned. Please keep vids like this coming. It helps for me to do research and keep my love of magic going lol.
What you're saying is so true. The people spending hours a day tracking the stocks and panic selling are the ones losing money. Not the ones who keep what they have.
It ain’t how hard you hit, it’s about how hard you can get hit, and keep moving forward. Buy the bear, sell the bull. If you're just a collector, then you just buy the bear.
I don't have tons of money to invest, but I have an auto deposit into an investment account happen once a month. About a month ago I changed that deposit to be every two weeks. I don't plan on cashing out anytime soon, and if I can put a little bit more money into that investment account now while stocks are on sale, hopefully future me will appreciate it.
I don't know camera's to a professional extent, but if you open up your aperture somehow while in auto focus you will be more clear so I can see your floppy tacos better.
