I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
Talking about advisors, do u consider anyone worthy of recommendations? I have about 100k to taste the water now that large cap stocks are at a discount... Thanks.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
My friend worked in a gas station for 5 years instead of going to college. Some of our friends said he had no ambition while they studied to be engineers, architects and medical professionals. His boss and him bought a run-down Philips66, which he bought out from his old boss. Last year, he made $450k on sales of $3.2 million.
@@luisdetomaso867 My uncle built a truck stop next to the interstate back when I was a kid and he made way more than that for years. When semi trucks are involved, your getting several hundred dollars per truck, per pump, non stop almost 24 hours a day. Not to mention the income from all the high priced junk food inside, cigerettes, etc... It all adds up when you have a high volume location.
@@luisdetomaso867 using your $365/hr number, my tank takes $70 to fill, so that's only 5-6 fills per hour, one fill every 10-12 minutes... not impossible.
I wish this guy didn’t interrupt Scott so much to try & show that he knows things. Scott is a wealth of information - let him make his point and let him finish before interrupting.
Scott isn’t saying accepting people for who they are is bad, he’s saying it’s a lie to further the myth that most people who are obese can be considered healthy. It’s not a personal insult to fat people, it’s the showing of love to others, and/or oneself.
Healthcare in USA will never be "fixed."It's not "broken" for insurance companies.It's not "broken" for pharmacy management companies. It's not "broken" for pharmaceutical companies. It's only broken for citizens and we are not corporate financial entities so we do not count. Until our democracy is fixed (which will never happen) healthcare can never change.
You are absolutely correct with your comment aside from your closing sentence, you suggested a prerequisite to fixing American healthcare is fixing our democracy. With respect I must say , we need to fix our Republic which is the system we have in the USA. A democratic republic is not at all the same as a democracy. I don’t mean to split hairs over the difference between mere words but it’s far too often even very intelligent people are lost on this concept that we have a republic that has democratic values within it. Athens of ancient times is an example of a democracy where every male over 18 has voting power. For anyone who cares you’ll know better than I’m able to explain it by searching the differences between democracy and a republic
Haha we’re awful. Roasting them while their being all vulnerable. Jokes aside, this is a great podcast. It’s ranked as one of my top two favorite podcasts for a little over a year.
@@MrLuigiFercotti Yeah, it’s poor people thinking. I know, because it’s the first place my mind went. I just recognize that I have been indoctrinated into negativity, we have to fight against that scarcity mindset.
Anxiety is self preservation and a virtue. Its self modulating ? Reigns us in from bad decisions. I dunno.....who the f am I? Alive and healthy at 71 so I am haply.
The issue with Tech in Healthcare is that because medical people don't understand tech and tech people don't understand the medical field, it takes a lot of mutual understanding and consultation to even discover a problem that can be solved with technology let alone AI. Many health-tech startups don't solve large enough problems to truly succeed.
To many, Scott is "In your face" - Brutally honest. Stoic with a strong sense of conviction. Honest self evaluation. Basically, every element of becoming a man from Rudyard Kipling's IF. Blessed with the voice & articulation that talks to our soul. Thank you, Scott. 🙏🏼👍💕
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
It’s part of the driving mechanism to keep worrying about the wealth. Worrying about losing it is “the fire”. It’s the coal that feeds the train boiler. These guys know, no matter how big or fancy the train it only runs as long as you keep stoking the fire, and the “worry” you have, it what fuels the fire.. it’s not about the money, it’s about the drive.
The fact that these multi-millionaires are not completely happy with what they have and their lifestyle is indicative of much deeper problems than just money
As someone who doesn’t know from month-to-month if I’ll be able to pay my $1250 rent for my tiny carriage house in Atlanta, it makes me nauseous to hear someone like Scott Galloway say that he is anxious about his money and that he wants to make so much more of it. Scott, if you need to make a bunch more money and you’re looking for places to give it away, I could really use freaking help.
My net worth is a lot less than theirs and I’m retired since 41 and have zero anxiety about money. That can’t be healthy to have a 9 figure NW and still have money anxiety.
You are correct. It is an addiction they refuse to fess up to, that being said I am the exact same way (not in networth though hahahha, but in addictive personalities)
I think some people just stress out about money even when they have a decent income. I have the same issue but I don't see it as an addiction but as a constant state of fear that I'm going to be broke again tomorrow over whatever reason. It's such a weird feeling and no one in my family is like that. I'm not sure where it comes from but I've always had that issue since I was in my early 20s. Sometimes it's so bad I can't sleep but again it's more fear based vs. a greed thing. But everyone is different so maybe for others it's greed based.
@@drumbassclassics953Sam said this before. He sold some portion of his stock but kept a lot. He's probably worth like 30-75, call it 50. Then again, now he has Hampton so even more
I'm a pharmacist and dabbling in AI/healthcare is incredibly difficult. But I agree, if you can tap in 0.01% of the space the dividends will pay off immensely
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $735k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
My CFA ’Gertrude Margaret Quinto’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Warren Buffett underscores the vital importance of understanding compounding and adopting a long-term perspective for financial success, as leveraging the compounding effect and maintaining a extended investment horizon enable individuals to accumulate substantial wealth through patience and strategic planning.
Navigating the complexities of investing can be challenging for newcomers, but by staying informed through analysis of financial news, market trends, and expert perspectives, I aim to offer valuable guidance and help individuals make well-informed investment decisions, emphasizing the importance of seeking advice from financial professionals and conducting thorough research.
Certainly not, as I've closely tracked the performance of my portfolio, witnessing an impressive surge of $433k in just the last two quarters. This experience has illuminated the reasons behind the substantial gains that seasoned traders often achieve in the seemingly unpredictable market. I must emphasize that embracing this path has been one of the most audacious choices I've made in recent times.
*@kristenpierce8661* Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.
"Camille Alicia Garcia" is my portfolio-coach, I found her on Bloomberg where she was featured, I googled her name on the internet. Fortunately I came across her website and reached out. You can go verify yourself.
It's such a sad way to live. Hoarding millions and never having inner peace. The universe is telling you to go and help people, but you're still hiding in the corner like a wounded animal holding onto your power in currency.
He talked about donating huge sums of money as he rebuilds a sustainable growth model. If you don’t have money to give, then all you have is your time. If you’re not spending 10% of your week (relative to a capital investment strategy) donating your time to charity, you’re in danger of hypocritical thinking.
Great episode and I'm a big Scott fan. FYI for those youngsters watching suffering from severe acne, know that Accutane has RUINED many lives as well. With a whole host of side effects including suicidal thoughts resulting in the act, and depression. I'm glad my parents and I decided not to put me on it when I was a teen, and I eventually cured my acne naturally!
Cure your gut, the rest will follow. If you have acne then you have problems internally. No sugar, no alcohol, homemade yogurt of various strains, and certain liver supplements all help. Glad you fixed it.
The most frustrating thing about my first millions is the episodes that don't sound as interesting by the title often end up being some of the best. Almost skipped this one and so glad I didn't.
Most successful people always seek the knowledge and ldeas of finance professionaIs to help them create wealth and claim to attain their success without any help
To create wealth, proficiency is needed. I indulge in special packages with the Ideas of my finance professionaI and so far I’ve attain so much returns (amount is confidentiaI)
Rebecca Martin Watson is my professionaI, I found her on Bloomberg where she was featured, I looked up her name on the internet. FortunateIy I came across her and reached out to her, you can verify her yourself.
I like the fact that he’s telling the truth. You listen to some guys and the way they talk you think everything they touch is profitable & turns to gold
Weight loss side effect from Semaglutide is due to delayed stomach emptying. It does not change anything else in brain that affects substance abuse or anxiety. Just a correlation... However, thyroid cancer, pancreatitis and deaths from gastroenteritis are there. Plus it is lifelong therapy in case of weight loss.
Re: international cyberbullying, hacking, cancelling, character assassination => yes. Unfortunately, I have some first hand experience, with significant negative exposure to me personally, which is why Scott’s comments caught my attention. I also believe it is real, destructive, and currently being used as a form of soft war, against a still, relatively unsuspecting, west. With AI and bots, there doesn’t need to be a top 10,000 list. They can include anyone with a counter-position opinion (aka - almost anyone in the west), in their cancel/bully/sabotage campaigns. Scott Galloway, thank you for sharing this information. It has given me some hope, though I’m still trying to recover, connect with resources, tell my story, and alert others to these real dangers. (Indy entrepreneur, 11 years living in C*ina, working and building stuff.)
45% in taxes is insane no matter how much you have.Giving away half of it isnt fair for anyone.We really should have one fair tax rate for everyone equally and do away with loop holes/grey areas.
People can have a lot of money but if their parents we alive during the Great Depression they will never feel safe! That scarcity mind set never leaves you.
My major takeaways were that Scott is more bullish on a drug he’s never tried than ai and he thinks that working class people should find private loans to buy a small business and rich educated privileged people should take the “underrated” traditional corporate career path afforded by their luxury educations. Groundbreaking stuff here
9:16 @Samparr just opened up the flood gates here.."I'm broken when it comes to money, I have a scarcity mindset" ...this was so powerful because I've always struggled with money...and to be fair, I've never admitted to myself. I'm broken to when it comes to money, just saying it has already released some tension. Don't think you understand what you just did Sam, and I can't imagine how hard that was to even say out loud to the world. ..Big respect to'ya 🙏 ❤
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly😊
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.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?
I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
Honestly, How can I be part of this project I earnestly hope to build a strong financial future I'm interested to take part, who's the person behind your success?
If you're losing your weight, drinking less, biting nails less, there are going still be adverse reactions, side effects and unintended negative consequences of the medication. Upset stomach, nausea, constipation, stomach paralysis, losing muscle, malnutrition, dependency and rising costs are just the beginning.
The stock market is a way to protect against inflation. Particularly in the midst of a recession, investors must understand where and how to allocate funds to protect against inflation and still make profits.
In my opinion, the impact of the rise or fall of the US dollar on investments is multifaceted, but learning how to grow your money has never been easier than now that you can passively explore and experience a truly diverse market by using an advisor. director portfolio.
If you worship money, you'll never have enough. If you worship beauty, you'll never have enough. same with power. BTW, not an original thought on my part.
You are so on point about bot farms and Putin, this is what Russia does all the time to someone who goes against their agenda, I was very impressed to hear this
Wrt finding a small-mid business, that's what all the to b-schools are doing. It's called a search fund, traditionally investor backed but self-funded is becoming common also. So the people Prof G says should look to this will be disadvantaged.
This is why he is successful. He isnt interested in just sitting around on his pile of money. He enjoys what hes doing. You dont amass that kind of wealth and just stop caring about money.
Completely agree on the diabetes investments. This is probably one of the bigger opportunities over the next 10 yrs. I’ve got shares in GLUC and keep loading up
They have $millions and they feel financially insecure. I have nothing, like maybe $10k and I feel like a queen, because my house and car is paid off and i live on a farm. I have manure, crops, livestock, and family. That's all i need. Its really easy to feel like money owns you.
Scott's comment regarding US funding of Ukraine war with 10% of defence budget as "best investment I have made" ignored one small cost of this investment 500,000 Ukrainian lives - only a moronic index could gloat about such success
Been on it for 10 months and took a 4 month break after the 7th month. I didn’t gain the weight back. But I did have to work hard at not picking up the carbs again. Went back on it and have not had any side effects. It works for some and not for others. Just like any other drug.
The bot problem is even worse than Scott thinks it is. They’re called sock puppets. There’s a few videos from the show Homeland and a news special about them. Elon thought he could stop them with subscriptions, but it turns out that’s impossible.
Sam, you need to try financial hypnotherapy. Thank you for this episode it is my new spokesperson. This is everything I’ve been talking about for 20 years. Money mentality is different than money mindset. Money is the number 1 cause of stress so it’s going to affect health. Fix the money problem and you fix the health problem. For $500 a month you can asynchronistically work with a therapist that specializes in financial therapy to remove the distractions. I love this episode. It gives me hope to keep talking about this topic until I become the premier financial hypnotherapist. Thank you! 🎉👏🏽👏🏽👏🏽💪🏽
Tell me more@@pronoia. I'm not sure I understand what you are saying. What kind of treatments do you do? Why couldn't you partner with a financial hypnotherapist to create a win/win/win for you, the hypnotherapist, and the client? Do you see that possibility?
@@goodrichpeople I imagine going to hypnotherapists and walking out thinking I need a new saatva mattress to get a better night sleep using the promo code imbedded in my mind. Given the chance I'd buy ad space for direct to consumer beef marketing. It would help combat the marketing of unhealthy convenience food.
It’s not about the money. They may be overly concerned and insecure. That’s what you don’t get. It’s winning that is important. And they are not comfortable standing still.
So I guess I should be more insecurity with my $5k in the bank at 51. Been working hard my whole life raising kids and living a middle class. I wish I knew how to make money.
Great pod! In addition to all the issues being biological, psychological , consider that they may be spiritual. Human nature is not just driven by instinct, but by disordered desirers.
Terrible events can cause loss of wealth, but a long holding period usually allows for recovery of losses. The key thing to avoid, whether you have wealth or not, is DEBT. You can only be forced to sell assets if you need income or need to pay back debt. Too much leverage can definitely wipe out all of your wealth. If you stay diversified and have very little to no debt, it is very difficult to lose all of your wealth long term. Your wealth most likely grow at a healthy, moderate rate that outpaces inflation. Also, don’t get divorced!
For GLP1 to have a real impact on fast food stocks it would need to be prescribed to the majority of people that are eating at fast food places - generally people that can’t afford that prescription price. Unless semaglutide gets much cheaper I don’t see how it could impact fast food stocks much.
I live paycheck to paycheck on a bi-weekly schedule making 1800 a paycheck. Anyone with 20 plus million and thinks they're insecure is an insult to the rest of us who are literally a trip and fall or a fever away from disaster.
great episode. unrelated but I had a hubspot ad pop up in the middle of this when I have RU-vid premium...but if I rewound, it wasn't there. I'm just writing this since I assume someone at RU-vid will read it and tell me something I don't know
Wow. You bought the lie/ religion of “global warming”? There is huge geological change coming based on the sun and earth tilt which is causing major flooding, mud slides, excessive tornadoes, major volcanic activity that will cause earth cooling and lack of sun from circulating ash will cause famines as farms can plant but crops won’t grow due to cold and darkness. The earth has climate cycles and that includes mini ice ages!
Addiction is proven to get better results from money just as much as medication and so much better than abstinence and treatment for months when you're not able to do treatment because you have no motivation or money to live and build community support or waste time and money looking for help or side hustle. We are doing it. Sobercoin and AI coaching and contingency management therapy and less inpatient relapse costs
I was driving to a clients place for the meeting and tuning in and heard he’s talking about Erectile dysfunction anger and depression I’m like what? These are the ingredients for success? Hehe
Amazing advice! Spent 5 years building and selling a recruitment business, then jumped into 3 large companies with equity sign on (with some luck) built wealth. Enough for me to be calm anyway :)
There have been a couple interviews with former Russian internet "trolls" (propagandists) employed by the russian state. Marat Burkhard was one who offered an interview, and he mentioned ~800 people active in a 12 hour shift with a quota of 135 comments per shift where he worked. Any mention of ukraine by Scott is bound to receive some attention
I like that, beautiful language. I’ll keep paying attention as to why some people attract me more than others. I’m hunting down wisdom, but beautiful language is interesting.
A comment on the affordability of the GLP-1s I'm a pharmacist in San Diego and A LOT of people are getting them for free if they have medi-cal (those who live fall below the "poverty"limit) so it looks like this stuff is going out to the rich and the poor, concerns with long term SE (affecting the thyroid and pancreas as someone mentioned) are important though and let's pray it doesn't turn out like the opioid crisis in 10 years, albeit GLP-1s have waaaay more advantages than opioids. P.S. next time get your vaccine at Rite Aid Sam 😉less of a wait time, great show can't keep up with them!
