Hey! I see where you are coming from. Of course everyone’s finances are different, and there are great finance youtubers out there. I think Ramsey and Caleb Hammer are among others, a few that actually provide value, and not just try to make money
Is not a financial RU-vidr problem it’s a get rich quick mentality problem. Andre doesn’t tell you to buy these stocks he just tells you what HE invested in. If you follow him that’s on you.
Indeed! Getting rich fast is not really an option unless you take on a lot of risk! I personally don’t follow him, but i talked from what i found while researching
I was always taught to 'save' money for later, just save it on a bank account. However, although saving is still better than spending it on random not-needed consumer goods, saving actually loses buying power so quickly over time because of inflation and money printing by governments. Rather (safely) invest in ETFs like you mentioned as S&P500, and take a 'gamble' on riskier investments like crypto with money you can easily miss. Cheers!
To be fair, Stock Mo was making predictions based on the current stock rotation at the time. Growth stocks were performing best and then it rotated back to technology, blue chip, and strong bottom lines. Without the hype, the growth stocks plummeted back to more realistic P/E. Additionally, give COIN another year, it will no doubt be positive due to the next stock market rotation's theme which is AI. If one doesn't know about stock market rotations, then they really should be in index funds like the S&P500. It's simply not stimulating for the instant gratification gambling center in our brains to engage in high emotion high risk high reward hopes. The generation of panic and click bait on the other hand... tiresome. Thumbnails hardly work for me anymore, I've become so numb.
Hey thank you for watching! I do have to say i don't really watch Stock Mo because I don't like his content, but I get that he was jumping on the stock rotation wagon to also grow his audience himself. We'll see what COIN does.. cannot predict that!
