Jan. 2 (Bloomberg) -- Self-Directed Investor Chris Camillo discusses the strategy behind his investments. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)
How about start by turning $200 into $350, then $350 into $500, then $500 into $650 and so on? You don't need massive growth to be your only incentive. Small successes is fine by me =)
+bgates87 Today i turn 220£ in to 430£ with one 1:03h position crude on high leverage- 1000 barrels on real money and once 174£ in to 2140£, three trades, one bad(1x 1000 barrels, 2x 4000 barrels- 1x bad 4000 barrels- lost almost 700£), on demo account (different day). Practically, you can turn 200 in to 20000 for a week if the market is in your turn. Risk is great, but it can worth if you know what are you doing.
Actually yes I do. (0) Get a job that covers your fixed costs on 50% of the income after tax. If your fixed costs like rent, car payment, etc are higher, lose some stuff or get a higher paying job Now, every time you get a paycheck: (1) put away 50% or less for fixed costs (food, rent, car payment, etc) (2) put away 20%-25% of your money for savings - 7% long term like retirement / 13% short term like investing - percentages may vary based on your goals (3) put 25%-30% of your money for fun & novelty aka whatever the hell you want If you did this on a $35k salary for 4.5 years, you'd have $20k in short term savings (much more with interest) and $11k (plus interest) to start a retirement fun. Most people think way too short-term.
Don't go to college. Live with your parents, mooch off of them as much as possible, eat their food. Work a minimum wage job. Before you know it there's $50,000 in the bank.
@@Spartan11117777 He bought a combination of GME stock and call options for about $50K, and his total profits- recorded at the end of each trading day- peaked at $46 million.
@@Zenbeau he sold off about 20% which might not sound like much but it’s still about 6-7 mil from nothing pretty much and I think what he is holding now he is ok to lose to make a statement
He is inspiring but he costs himself a lot more profit by not getting into companies that do not have the major news reason they go up but they still will go up. If I told you 10 stocks to buy at a certain price and what price to exit I can almost guarantee you will make money.The reason is very simple most stocks who have been pumped really hard get pumped again. Here is a specific example of a stock called ZOM that I pitched. My ZOM Pitch: "Zom was $0.1360 when I pitched it and I said "It will be pumped so easy money." hahaha If you look at my post history I said I was buying more on 8/20/20" The current price is $2.21 per share. It had nothing to do with some amazing news or invention by them I was able to do that.
@@DanRaidersWarriorsSharksGiants That's gambling, not investing. Not saying, you can't make money with gambling. But in the end the house always wins - you should do more fundamental research and maybe diversify if you're not doing so already. Otherwise you'll crash big time someday. After all, there is such a thing called Pump and Dump
@@rolandk3061 You are clueless man. You can make a fortune off pump and dumps.I target them on purpose. The house doesnt always win if you were smarter you wouldnt say such a stupid comment.If you talking people betting all their bankroll on 1 stock that would still be stupid in any context.There was a story about a normal regular guy betting thousands of dollars on blockbuster stock before the collapse. Even very safe stocks with great fundamentals can go down 80% in a bad recession. Let me explain something to you since you so uneducated.There is many pump and dumps that get pumped and dumped MULTIPLE times. I bought into a pump and dump called LTNC in 2015 for 0.0001 and it went up to 0.0013 which is over a 1000% gain. What did the pump and dump do it went back down to 0.0001.After it fell to 0.0001 had you bought $100 of this pump and dump it would be worth over $30,000 today. That $100 is worth $30,000 today is not normal but it was predicable that it was pumped again. Why would you make this silly comment to me when you know so little about it?
@@rolandk3061 Facts are petty to you? What did I say you disagree with? What does what you are worth have to do with anything? A person with nothing can still pick stocks better than someone with billion dollars. Are you normally this pompous?
Trading with the best in the field is the best, have been making huge returns since I met Greg.T.martin, one of the best when it comes to crypto currency....... ..
it makes a lot of sense. All you have to do is open your eyes and look around you. A good indicator would be kids, especially pre teens and see what they're up to and new fad they like :)
That's what put me onto Apple. I heard that kids were spending their allowances on iTunes, so I bought some Apple at $37 (before they split 2:1 and 7:1). Turns out the iPhone drove the stock way more, but luck is part of it too.
For years I had a very diverse portfolio. My money was so spread out I made small gains. Then I bought $100 of bitcoin. When it crashed in 2017 I rode it down thinking it would go back up. I sold and made $10k profit. I took that $10k, sold my stocks and took all of my savings to get one lump sum of $23k. I took all of it and I bought 255 ETH coin in 2018 at $90 per coin. Today it’s $1200 per coin. I’m up $300k.
I wanted to buy tesla back then but I didn't know how to go about it... I saw the wave from over the horizon already but couldn't even stand on my surfboard. Sigh.
I'm currently working on turning $16k to $1M then to $1B. So far at $200k... I really like this guy because he's like me he doesn't listen to analysts all day and read charts, he goes off of his instinct and observes the world around him, and trusts his gut about what will be the next big thing going forward. That's how I invest and that's how I've been able to turn my $16k into $200k without ever learning how to read a chart.
@@okchaz6634 I actually hit $2M (including a +$1.2M day) last year but kind of let it ride and ended up losing most of it lol. But I'm sitting in a great position right now to get it all back and then some so I'm not worried. How are you doin?
@@SodaPopinksi Hit $2.25M at my peak in June of 2021 then got robbed by the short hedge funds then the government took $250k from my basically unrealized gains so I'm back to $250k lol. It's been a roller coaster to say the least!
@@2CommaClub manage your risk better, it’s probably the hardest thing for sharp dudes like you that want to exceed but until you can manage and pull money out then you won’t take as many big hits no matter how much you believe in your positions.
Peter Lynch did this with the megellan fund that he ran from 1977-90. In his book "One up on Wall Street" he explained this same concept in 1990. He was a top investor, but this is easier said than done. Not many people have been able to pull it off.
Big time, Great practical advice. His term “critical observation” was a great insight and I like how he displays the importance of being in touch with those around him and is seeing what could have potential before it ever gets there
This is actually solid advice if you know how to do the fundamental analysis. Peter Lynch also recommends picking up on non-institutional stocks with few analysts and using your “insider” hedge or what this person calls information arbitrage to pick up on small stocks before they go big. Timing your exit is the hard part imo.
Makes perfect sense. Look at the capital markets from a macro standpoint and discover correlations that will have an impact on publicly traded companies. Interesting interview , and I appreciate Chris not just selling us some dream.
Interesting video but I don't think he's divulging everything. Then again he only has a few minutes live. There's probably more to it than he leads on. I remember a guy who was really good at trading and when he was asked about how to be successful in the stock market all he said was buy strong stocks in strong sectors. In reality his thought process was much more detailed and complex than that.
Damn, NIO already dropped $4 and i've just recently bought alot more so i'm losing alot of money... but i'm saving for the long run 2-5 years. NIO can easily reach $60 this year.
Someone answer my question, i am a new investor, i have shares in NIO 150shares @38 and 300 shares @39, how much would i lose if there is a drop after earning report? Total money in my portfolio is 10k to stay active when dips happen along the way. I'm new and learning, any advice is much appreciated.
Its probably at 16 million now. And thats only because he was not stupid and kept 13mil as cash. The stupid ones are those still holding. Dfv can hold, because he already achieved
@@rah2023 DO you know who the guy is? He never lived lavishly even with the $13 million. He has a CFA and if he's still holding Gamestop then there is a reason for that. Gamestop squeeze hasn't even happened yet. I don't own GME shares or calls cause I've got my own gem but stay educated on these things
A really nice video, having 20k as a capital budget for investing allow a lot of flexibility on your portfolio account. There are different way you can choose to invest that, you can choose to invest independently thats an individual stock trader or have a pro market analyst mange your trade account. Virtually many pro brokerage firms offers these services, which invest your money for you based on your specific goals.
Hello Mark, I have been thinking of venturing into the stock market for a while now but what's keeping me from it is that i have no educational background about the market. Any tips would be very much appreciated, thanks I would await a reply.
Oh that’s quite easy. Payden has helped me build my portfolio over the years, and make profitable investments. Reach him on ... *Xanderpayden (a) g ma il. Com...* for further inquiries.
He was also right about pokemon go making nintendo's stock soar back in 2016. He was also right about Brexit even when the polls favored uk to stay within eu.
lol These people who think that investing is all luck. That perception of investment is the exact reason why they will never be financially successful individuals.
95% of active traders don't beat the markets. For most people the best decision is to buy a wide passive ETF. A lot of people who think they are smart enough to outsmart the market never become "financially succesful individuals" either lol.
Correction 95% of active "Retail" traders don't beat the markets. Institutional traders are killing it. The only reason why your mutual funds aren't keeping up with the S&P 500 index is because of fees. Institutional traders and Fund managers have a base salary. Superior fund managers and their firms keep the fruits of their outperformance, leaving investors with a market return at best source? investopedia
Kevin Kostyk Exactly, this story is stupid as hell. Might as well interview people who won the lottery on their strategy of picking numbers, same bad arguments as what I hear from him. "Look around you to things in your personal life that Wallstreet didnt pick up on yet" HAHAHAHAHAHA What is that... primary school teacher talking "invest 20-40% of your portfolio in a STOCK..." I can bet with anyone that this guy will turned his 2million into 2000$ within 2 years.
The daughter of a friend of mine is a real go-getter. For two years she worked as a waitress while her friends were off to university and various occupations. She worked 4 jobs a minimum of 15 hours per day, 7 days per week. She lived in a basement suite and paid her own expenses. After 2 years, she accumulated $100,000. She took the entire amount and invested it with a hedge fund manager who has averaged almost 30% per year since 1974 using an automated investment system (less risk because involves no people). Normally he only takes minimum $10 million accounts, but she impressed him so much he took on her $100k. She then started over with her savings working 15 hours per day, 7 days per week. She now has another $50,000, which will pay for university. She will be taking a vacation in Mexico this August and starts university this September. Meanwhile, her $100,000 is already worth $140,000 because the hedge fund had a spectacular year so far. The original $100,000 will be worth about $350 million when she's 60 (she'd be a billionaire if the government didn't have its hand out all along the way). That's how it's done....if she was a stock, I'd invest in her. You WILL be hearing about her at some point, She's amazing and she proves we can all make it if the desire is there.
He is right. in 1996 when mobile phones was starting to be popular I bought into a mobile phone company. 1 year later it went up 10 times. then I took my profits. then a year later the same company went bankrupt.
I mean, if you aren't a moron you won't lose all your money in the stock market ever. Know what you are investing in and don''t put all your money into one stock.
I agree. I had already found something similar and was in the process of doing my due diligence when I started reading his book. The media is also negative on what I've been seeing more often and feel is a game changer. Luckily for me, a lot of people in Wall Street are still on the negative side about it while other places in the world are picking up on it. It'll be nice to see where my investment ends up in a few months.
Guys it's not that hard he did it in 3 years you can do it in 1 year with 1k but remember the more money you make the more risk there will be you will look different at money
I'll save you time off the video: Step1: Get 20k (this one might be long for some) Step 2: Place that 20k in stock market by telling yourself you're doing something right. Step 3: Make 2 million Step 4: Create some bullshit steps by selling a book on how you turned 20k into 2 million so you can profit even more from the book, while telling yourself you invested in some logical things and luck didn't affect that placement what so ever. Congratz, you made it!
Funny how you didn't listen to this guy. In his example, the Hunger Games Books (teenage girls love this) was completely disconnected from Wall Street, because no one talks about that, not even research analysts. He was *aware* and made a "lucky" investment in the right companies.
Great perspective. I agree and am looking at this much in the same way. It is challenging, I am developing a new skill from experience. So, I am dabbling and learning from someone now, I have a "job" that pays the bills and allows me to do things I love to do. But, I tend to entertain the thoughts of changing how I make a living and spending more time trading online.
You can be part of his trading system, I know for sure that Jim oddain is the right trading handler for you Kayla. If you have telegram app “jimfx “ that’s his username.
Of course anyone can...question is are you willing to take the risk? Oh you didn't really think that you could get a profit of 1000% without risk did you???
Knowledge is power. My very first advice. Just don't get married to the woman she can take it away. 2nd advice don't tell the wife how much you make or how much you have or where your cash is. 3rd advice never let her have anything from your savings account checking account, your house your car in your name. 4 advice it's not a secret, once you tell one person it's no longer a secret. 5 this is important, if you're talking into your phone as a text message don't have the radio on it'll screw everything up. Make it look like an idiot.
I get 100% what this guy is talking about. I missed a HUGE opportunity because I couldn't be bothered but I noticed AMD was hugely undervalued at around $1.89 at the time. I knew though that they were almost as big as Intel and were in all consumer gaming consoles at the time. There were stories about Ryzen, a new chip architecture that was going to not only catch them up to it's competitor but surpass them. The stock that year reached a high of $14 and I wasn't in because at the time RobinHood wouldn't let you buy shares under $2. But it was a thing I identified that the market was sleeping on, these things happen but they are not regular. I can also remember times where people around me talked about Netflix back in high school before it blew up. We had a mock "stock market" project and a few groups in my class picked Netflix before it started to really rally later that semester. If high school kids can identify these trends then this guy can and you too, they just arn't every day things.
I love the idea of investing in stocks as a way to know what's happening in the world like a way to keep ur finger on the pulse. If u make money it means u are aware of what's really going on.
This isn't trading, this is mere speculation. The problem with this kind of home run style investing is that sometimes you can be years early to the party and the price could fluctuate a lot during that time period leaving you susceptible to loss
There is a saying that money has wings so its best you save it properly, invest it wisley and spend it judiciously. For me investing it wisley is th only profitable option of the three.
Investing on the other hand is simply the science of money making more moeny for you but it's important you know that its one thing to invest and another to invest rightly. Yes its true that many do not have the required knowledge needed to change that fact but one change you can implement at the moment is to choose to start investing rightly.
I dont know if you're like some of us who wish they started investing early in life? Well I certainly do wish i started earlier. I didn't start investing until my early 30's and while I'm glad to be where I am now, there are so many things I wish the younger me had known.
But before you make any investment decision I'll like you to assess your financial situation especially if you've never made a financial plan before because the first step to successful investing is personal assessment which involves figuring out your goals and risks tolerance.
Let no one deceive you all investment involve some degree of risks. The reward for taking on this risks is the potential for a greater investment return. If you have a financial goal with a long time horizon you are bound to make more money.
this is a bit silly and oversimplified. what he did best is have the balls to go long equities at an incredibly panicked time. that's what most of the best equity investors have done. he likely also had access to at least relatively cheap leverage
this is literally what happened with GameStop. .. someone makes it into a meme, just like fidget spinners and it pops off until the news hits and you sell.