You will lose money investing if you don't understand this.

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The average investor fails to beat the market… But why? In a world where we have Index funds and passive investing. Why is the average investor failing to keep pace with the market, let alone beat it?
Today we look at cognitive Biases and the impact they have on us as investors.
My Insta is: damientalksmoney
Watch out for fake accounts! I will never message you asking you to get involved in an investment.
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This weeks song:
• Cushy - I'm Still Danc...
Links from video:
-Inspiration for this video
www.thebalance...
-Study into the most likely people to sell:
www.bloomberg....
-JPMorgan retirement
am.jpmorgan.co...
-Investing cognitive biases
www.magellangr...
- Wikipedia list of cognitive biases
en.wikipedia.o...

Опубликовано:

27 сен 2024

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Комментарии : 305

@CallumMack 2 года назад

Handy advice.

@DamienTalksMoney 2 года назад

Well this is getting pinned.

@PrettyPennyClub 2 года назад

Found this to be so true! I personally go for about 90 index funds, trying to keep up with news in companies and a permanent itch to scratch just led me to mistakes. Set and forget and you have more time to er... Do whatever you want 😕👍

@DamienTalksMoney 2 года назад

What exactly are you doing with that time? haha

@PuffPastryHangman. 2 года назад

Invisible hand

@JamesShack 2 года назад

Loved this Damo, you're videos are a cut above!

@DamienTalksMoney 2 года назад

Hello mate!!! Sorry I did not see your comment. Thanks for stopping by and keep doing what you do, I see you killing it in your corner of RU-vid.

@86samsky 2 года назад

These sort of vids need to do the rounds every few years. I have heard a lot of this info before but it is surprising how quickly you forget. Damien does it better anyway. Even with his lame numb hand jokes 🤣

@DamienTalksMoney 2 года назад

Yeah as i made the video i was like you do this all the time damo... Was 'lame' a pun in reference to the numb hand? haha

@86samsky 2 года назад

@@DamienTalksMoney bro the vid was still worth it. As i said so easy to forget this stuff. I had xyz amount of btc sold during the last crash thinking this crypto is a scam. That same amount would have paid off my car loan today ,,,😂. So now i just hodl any purchase and pray the good investments outweigh the bad

@SocalNewsOne Год назад

Brilliant! First financial RU-vidr to mention Amos Tversky and Daniel Kahneman. Subscribed and Liked!

@Ukhope90 2 года назад

Great content mate. Always wanted to start investing but never had the confidence. Thanks keep it up

@DamienTalksMoney 2 года назад

Have you started now?

@TheAXpresents 2 года назад

Ha I decided to leave my care home job, got another job so I'm good but I saw the ship (care home) sinking so I jumped out... Judging by the news of multiple care home closing, I was right to trust my gut feeling. I just used logic and knew to apply for another job while I was still relatively safely in one. Its sad for the residents I looked after, but sometimes in order for things to change sometimes you need witnesses to the disaster. Same with investments.... Earlier two months ago I decided I needed to sell all my investments, didn't lose too bad, but I learnt a lesson from the experience, I learnt I can deal with the loss, I'm back on the investment game now, still a novice but I feel wiser now, especially thanks to damo's vids.

@DamienTalksMoney 2 года назад

I am glad you got a new job and got off the sinking ship mate!

@patrickhowden1601 2 года назад

Excellent vid. So true and well presented certainly for someone so young. It churned up some memories. To keep me in check I'm gonna watch this vid every week👍

@DamienTalksMoney 2 года назад

Thank you Patrick! Glad you enjoyed it and feel free to watch any of my videos once a week haha

@anthonymesa 2 года назад

Best quote in the video, money is like a bar of soap, the more you touch it the more you lose. I'm gonna put that on a plaque on my wall. 💰💰💰

@DamienTalksMoney 2 года назад

Haha yeah I love that quote!

@felixveja8154 2 года назад

Great topic to discuss. More of these types of videos would be great.

@DamienTalksMoney 2 года назад

I will mate! Glad you liked them

@MarcinPolanowski 2 года назад

Great advise. Everyone need that slap to stay sober especially in times when everything is going up. There will be tears, paper hands and a lot blamed people for all that market correction. Let’s strap for that one! Use your left hand!

@DamienTalksMoney 2 года назад

Use your left hand!

@PrinciplesPersonalFinance 2 года назад

Great video man! 100% right. Investing may be simple...... but it's not easy.

@DamienTalksMoney 2 года назад

Exactly mate!

@taffyjones3784 2 года назад

Think I need to watch this weekly. Great video as always.. great ending 😂

@DamienTalksMoney 2 года назад

Haha i might need to give it a watch again myself considering the market at the min!

@Riaan3108 2 года назад

Confirmation bias. WAY under appreciated topic.

@DamienTalksMoney 2 года назад

Completely agree! It is so overlooked and surrounds us in so many ways

@jamiewalton1375 2 года назад

Really like this. I think your message of ourselves being our own worst enemy when it comes to investing is an important one, particularly given our incessant needs for thrills and risk-taking fuelling our dopamine hits, our dominant fear response and the primitive biases which lead us to believe we’re ‘different’ from the rest. It’s broad index funds for me.

@DamienTalksMoney 2 года назад

You just summed it up perfectly! Also well done for having such a level head in relation to your own cognitive weaknesses

@avtex108 11 месяцев назад

this is it, yeah

@TobyNewbatt 2 года назад

Both my hands are now numb. I'm doing investing wrong.

@DamienTalksMoney 2 года назад

Sounds like a great time to me

@hasherpeekpower94 2 года назад

So true.. Think first and check every angle.

@DamienTalksMoney 2 года назад

Yep!

@hanyalyahya5064 2 года назад

Thank you, great video even for non investors

@DamienTalksMoney 2 года назад

Thank you so much!

@12bjarnib 2 года назад

Emergency fund stills your mind. Always eat a sandwich before selling out of a position.

@DamienTalksMoney 2 года назад

ALWAYS EAT A SANDWHICH!! haha legend

@janewhitzend688 2 года назад

Love it...life advice at its best.

@polarsvisuals4132 2 года назад

Great video, just what I needed to calm me down a bit. Had a rate of return at around 12% over a few months and it dropped to 3% today and panicked because I didnt know what happened XD

@DamienTalksMoney 2 года назад

Haha yes the markets having a bad few days! All part of the process

@polarsvisuals4132 2 года назад

@@DamienTalksMoney Yeah bit of a mess. If you don’t mind me asking, what are your top news sources for investing in index funds?

@sid35gb 2 года назад

If you’re all in on the S&P 500 indexed you have to accept there is the possibility of a 50% drop Buffet has seen this twice in his career. All that means is you just buy on discount and wait until it recovers. If you’re coming up to retirement and want to protect against volatility buy some bonds.

@DamienTalksMoney 2 года назад

Yep!

@fabianrares 2 года назад

Yet another great video.. just invested 200£ in crypto 2 days ago.. and is going down but I know will pick up soon. If amazon says will take crypto instead of credit cards.. bang

@DamienTalksMoney 2 года назад

I mean if amazon takes crypto it will explode yes, but the main thing is think long term with it all mate look a couple years out and hold on to it

@louisp8896 2 года назад

Hi Damien, I recently turned 18 and am wondering what to do with my money. I work a part time job alongside my A Level education, earning around £7000 a year, and I have savings of £4000. I’m looking to enter university education next year. I set up a S+S ISA with vanguard, and pay £200 a month into that. Should I be increasing this amount? Additionally, should I be looking to start a lifetime ISA or begin a pension? Love your videos, they’re so useful - thanks in advance!

@DamienTalksMoney 2 года назад

You should be investing whatever you can afford but i can tell you 200 a month is an amazing start mate!! Seriously well done. The key is do not dip into the money and stay consistent even while at uni (this will be tough) If you want to set up a LISA or Pension you can but just understand you wont be able to get your hands on the cash for a while

@willjamesmoore 2 года назад

I got pretty screwed by some crypto investments but not as bad as most (by sheer luck). Now my expectations have changed, i don't mind sitting on the crypto pot i have left and i'm investing in global stocks / shares funds with a modest return which I'll check in on every few months. I do wonder if i needed to learn my lesson at some point though - it's very hard to understand why a more active strategy doesn't work until you give it a go. Thanks for your vids Damien.

@josephhodges2956 2 года назад

Catching up on DTM whilst in the bath :P I 100% suffer with imposter syndrome at work! More quality content buddy! P.S, where's my tenner!

@DamienTalksMoney 2 года назад

Hahah i really need to send you that 10er but i just barely have time to leave the house at the min.. Send me you address again on insta

@levels9234 Год назад

People are parking with what they think is the safe profitable option when they are loosing extra money they could have had and in more danger I recommend people change this urgently and listen when I speak on these things it’s facts

@janewhitzend688 2 года назад

I was showing my sons their investment ISA's. They have so far made good money the last few years but can't touch it for a few years yet. I showed them when they lost money when the market dipped...but hiw overall, because it was left they won overall big time. I say..if its in a loss period, leave it and if you can buy cheap..it will go back up BUT have an emergency fund and invest money you don't need for 5-10 years.

@janewhitzend688 2 года назад

Oh and invest widely and globally...

@DamienTalksMoney 2 года назад

What a wonderful thing to be showing to your Kids Jane!

@twig1the1dog 2 года назад

Where is the clip of Jay from inbetweeners with the snorkel and a limp hand!!!!!

@DamienTalksMoney 2 года назад

I seriously missed a trick here...

@shanmylvaganam9639 2 года назад

Damien, it would be great if you can produce a one or two video on Investment Trust and what they are, how they work and benefits of buying them or not to buying them. Your video on REIT was something about it but can you able to go bit further?

@DamienTalksMoney 2 года назад

I will add it to the list!

@garythornbury9793 2 года назад

before you buy decide if your a trader or investor,

@DamienTalksMoney 2 года назад

This is great advice, the distinction between the two is what many do not understand.

@garythornbury9793 2 года назад

@@DamienTalksMoney my mentor trained me well.

@elbest4614 2 года назад

Come here for the knowledge, great work! Very good to have a British perspective. The piano excerpts? Anyway I could get the full song titles please?

@DamienTalksMoney 2 года назад

I am annoyed at myself for not including the piano link in the description. If I find it I will come back to you

@elbest4614 2 года назад

No dramas at all. Thanks very much, would be much appreciated!

@KamakazeCOG 2 года назад

that right hand lol

@bernardthedisappointedowl6938 2 года назад

Being Welsh, I was brought up in the valley of despair - it's lovely, embrace the disappointment, oddly relaxing - unfortunately some idiot taught me technical analysis and I've annoyingly been making money ever since - I yearn for those days of misery to return - and the drizzle, God I loved the drizzle, ^oo^

@DamienTalksMoney 2 года назад

Hahah honestly I love your comments. Another belter here ^oo^

@bernardthedisappointedowl6938 2 года назад

@@DamienTalksMoney Always glad to help Damien, thanks my friend, ^oo^

@bradburyrobinson 2 года назад

Sneaky little Anton Kreil cameo in there.

@DamienTalksMoney 2 года назад

Haha very well spotted!

@savouryduck 2 года назад

I Was into karting as a teenager, i was winning everything then i moved up into the seniors and got my ass handed me at every weekend event and ended up selling my kart and giving up. Looking back i realize I should have persisted but i blamed it on older guys who could throw money at their karts. Putting old heads on young shoulders is an impossible task most of the time though:)

@DamienTalksMoney 2 года назад

AHHH this is so annoying. Its so hard as a kid to stick with something... Like you say impossible to put an old head on young shoulders.

@university-gettingin8349 2 года назад

Excellent video, this should be absolutely compulsory viewing, especially for every new investor.

@DamienTalksMoney 2 года назад

Thank you Tony!

@kennethwu115 2 года назад

Thanks Damo

@DamienTalksMoney 2 года назад

You are welcome

@levels9234 Год назад

Learn this differences

@tobytroubs 2 года назад

I've made about 12% pa over the last 9 years

@DamienTalksMoney 2 года назад

Smashed it!

@mrvincefox 2 года назад

The amount of effort you put in = gold

@DamienTalksMoney 2 года назад

Thank you Vince! Music to my ears you appreciate the time that goes into the videos, make it worth it

@anthonynorman1234 2 года назад

Numb hand aka 'the stranger' ;)

@DamienTalksMoney 2 года назад

A man of taste I see Anthony

@stephendownes6331 5 месяцев назад

People dont realise that economics is not a science its a theory and more a philosophy. The idea of the rational man ignores everything about human behaviour.

@robdotreynolds 2 года назад

Another excellent video, I just wished I had watched it years ago. Superb content that needs to be digested and watch on a regular basis, just to remind yourself, keep calm, relax and stop with knee jerk reactions Thanks Sir

@DamienTalksMoney 2 года назад

You are welcome Rob! Glad you liked the video and thank you for taking the time to leave a comment

@rahsen1891 2 года назад

I am so thankful to the past me that had subscribed to your channel, Damo. One gem after another!!

@DamienTalksMoney 2 года назад

Thank you so much Rahul, I’m glad you subbed to mate. Always love seeing your comments.

@robkyle2008 2 года назад

another good one

@DamienTalksMoney 2 года назад

Thank you Robert!

@ryanmason491 2 года назад

Damo gonna be getting a call from Spielberg the way these videos are progressing 👏🎥 (And I bet he puts his fee into a Globally tracked index fund..) 📈

@thomasevans9964 2 года назад

Always on the money mate! Great material

@DamienTalksMoney 2 года назад

Thank you Thomas!

@eclecticpursuits4346 2 года назад

Given your remarks regarding the classical economic idea of people acting as selfish yet ultimately rational agents, you might like Dostoevsky's "Notes from Underground". In it Dostoevsky argues against the notion of rational selfishness. He asserts that people often behave in ways that are contrary to their self-interest, even when they know full well that their actions are contrary to their interests (well, contrary to the things that a rational "economic man" would regard as their interests).

@DamienTalksMoney 2 года назад

Thank you so much! I will take a look at this. I have print screened this message so if I use it as a reference at all I will reference this comment Damo

@Kyrixx999 2 года назад

I got to HAND it to you, great video

@DamienTalksMoney 2 года назад

Amazing!

@leedaintry2923 2 года назад

Never go all in, don't put all your eggs in one basket.

@DamienTalksMoney 2 года назад

Solid advice

@ShabaaUkelele 2 года назад

Your timing with this video is impeccable mate. Thank you for your hard work.

@DamienTalksMoney 2 года назад

Thank you so much for watching, glad that they are timely for you

@MultiBooboo1987 2 года назад

I've got to hand it to you Damien, you handled this topic perfectly not many people can get a grip of this situation you truly are a master of debate 👍👍👍

@DamienTalksMoney 2 года назад

Excellent feedback this mate and even more so knowing how long you have been watching the channel. I always love seeing you in the comments as you know. But this is one my faves. Thanks mate Damo

@earnmoneyeasy3628 2 года назад

“LETS GOOO” ♥♥ ♥♥ 10:37

@DamienTalksMoney 2 года назад

🙌🙌🙌

@Wonkabar007 2 года назад

That was an interesting perspective, when John Tuld explains boom and bust business cycles, in the film Margin Call (2011)

@josephbrennan370 2 года назад

I like your videos

@DamienTalksMoney 2 года назад

‘It’s just money, it’s made up’

@davidc7636 2 года назад

Another great vid Damo. Cheers

@DamienTalksMoney 2 года назад

Thank you David!

@Ferdinand208 2 года назад

he! there is that stupid dislike button from RU-vid!. Now if you don't like it you can only go to another site to show it.

@DamienTalksMoney 2 года назад

Does this mean you don’t like the video! Haha

@Ferdinand208 2 года назад

@@DamienTalksMoney of course you got my like the second the video started. Thats how I saw that stupid decision from RU-vid. You are in my top 5 financial RU-vid channels. Keep it up please 🙏

@user-qg1dq2xc3w 2 года назад

These vids are just getting better and better. Great work.

@DamienTalksMoney 2 года назад

Thank you so much!

@Musabbinumair2000 2 года назад

SO glad to have found your channel! I’ve seen American personal finance channels like graham Stephan and what not but had yet to find a UK one. Love the video format with those short funny clips, very watchable. Your narration too is very calm and easy to follow. Subscribed! Hope to see much more content from you in the years to come. Again, super stoked to FINALLY have found a good British finance channel!!

@DamienTalksMoney 2 года назад

Yes! Love this feedback so good to read. Thank you so much, this comment has made my day. Damo

@NathanOBrien 2 года назад

Top one as always 🤙🏼😂

@DamienTalksMoney 2 года назад

Thanks lad! Hope you are well

@garethgazz9332 2 года назад

Those slap sound effects make me laugh every time

@DamienTalksMoney 2 года назад

At this point I put them in for you Lad haha

@garethgazz9332 2 года назад

@@DamienTalksMoney I think it's because of this: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-qPr-xsQvhgw.html

@Life_Literacy 2 года назад

Great content fella as normal! Love the mix of humour and info 👍🏻

@DamienTalksMoney 2 года назад

Thank you! Some times I get a little carried away when planning these videos 🤣

@stephenwilson5453 2 года назад

Quality again bud keep up the good work 👍

@DamienTalksMoney 2 года назад

Thank you so much Stephen

@j.burgess4459 2 года назад

In my opinion, the single main reason why the average retail investor gets poorer returns than the market average is because he/she sells winning investments too early. Guys who have the steely nerves and patience to let winners run and run tend to be the ones who make the big bucks, IMO. In an extreme case just _one_ really and truly epic winner could massively overcompensate for a whole sea of complete dog-sh1t investments. Take a guy who bought a $1000 dollars of Tesla stock right at the beginning and just held it; literally everything else he touched for several years could have turned to dust and ashes...yet he'd still be sitting on a mini mountain of money! Again, I know that's an extreme example. But one can easily be averaging a pretty miserable 5% across the whole portfolio...then one particular stock starts doing extraordinarily well, and by the end of the year the portfolio has gained by almost 100%. (Has happened to me personally, in fact.) But sell out of that winner too early, and the overall returns go right back to average or below...

@DamienTalksMoney 2 года назад

Yes jay solid wisdom, It is just so hard to practice to let those winners run isn't it!

@steelspawn1832 2 года назад

A numb right hand AND soap jokes! good one Damo :D

@DamienTalksMoney 2 года назад

I mean how ridiculous what am I playing at 🤣

@MrAFS99 2 года назад

Interesting stuff

@DamienTalksMoney 2 года назад

Thank you!

@jamessimpson555 2 года назад

Absolutely fantastic video Damian - amazing content with so many interesting insights, perfectly delivered; this one deserves some sort of RU-vid award! Genuinely.🏆 Mind if I ask one quick question - not being panicky but in order to diversify and minimise risk would I be sensible to swap my Vanguard US Equity Index Fund to a Vanguard Global Index Fund? Or even an S&P500 (given that those massive companies are often regarded as global)? Thanks again 👏

@jamessimpson555 2 года назад

@Chris H I invested in the first place as had savings in a bank for wayyyy too long, doing zero for me. Reason I invested in the US was Damian mentioned in one of his videos America was flying and how he didn’t see that changing any time soon. I’m in it for the long-term, no problem leaving it 10-15+ years and am prepared for the troughs. Many thanks, what you say is good advice (like Damian’s soap analogy), but I just wanted to make sure I’ve it in the best place for the next 15 odd years as everywhere I turn people seem to recommend Global; so thought I’d ask the main man. Then as you rightly say, leave well alone! 👍

@DamienTalksMoney 2 года назад

Thank you so much! The US Equity is very diverse in it self, The global fund is actually 60% America anyway.. So they are both very America focused. There is no need to switch at all in my opinion, but you could always add global alongside if you wanted to. But your American equity is very diverse and with a long term outlook like you have you are on the right track in my opinion

@ADHDNurse79 2 года назад

Great content! Always learn something new.

@DamienTalksMoney 2 года назад

Amazing Louise! Thank you

@MrFaulkers 2 года назад

Great stuff

@DamienTalksMoney 2 года назад

Thank you!

@chrisbourne-retirementplanner 2 года назад

The best 👌🏼

@DamienTalksMoney 2 года назад

Thank you! Your sub numbers are flying up! Looks like you have hit your stride now mate, keep going

@iikenZoii 2 года назад

Such a great vid.

@DamienTalksMoney 2 года назад

Yes! Thank you

@josephbrennan370 2 года назад

Great video

@DamienTalksMoney 2 года назад

Thank you!

@gingerpele5390 2 года назад

I couldn’t stop thinking about the inbetweeners with the numb hand thing 😂, if you know you know

@DamienTalksMoney 2 года назад

🤣🤣

@IbadassI 2 года назад

Flawless video, and the drunk cutaways are hilarious!

@DamienTalksMoney 2 года назад

Thank you so much! Glad you liked them 😂

@Chanesmyname 2 года назад

Love your videos, useful tips!

@DamienTalksMoney 2 года назад

Thank you!

@FASHION-wk7fi 2 года назад

Good advice for everyone hope more people see this

@DamienTalksMoney 2 года назад

Thank you!

@siblinginvesting 2 года назад

Still making killer videos. I need to get back to recording again. Your videos are so easy to follow and engaging so well done to you.

@DamienTalksMoney 2 года назад

Thank you!! Don't stop making videos you have got to be in it to win it and all that

@bultvidxxxix9973 2 года назад

This comment was written with one hand.

@DamienTalksMoney 2 года назад

so was this reply. 😂

@isanythingreal6968 2 года назад

Dead hand gang

@DamienTalksMoney 2 года назад

Founding member

@nino9090 2 года назад

Too true

@DamienTalksMoney 2 года назад

Thanks!

@neilinvests 2 года назад

Hahahah, and there it is, that wrist action.

@DamienTalksMoney 2 года назад

You knew it was coming

@neilinvests 2 года назад

@@DamienTalksMoney 😂 that I did, and i didn’t have to wait long. 😉

@issueskid13 2 года назад

Damo, you weren’t part of the “dead hand gang” were you?

@DamienTalksMoney 2 года назад

Founding member! Still remember the secret handshake

@bb-lp1ym 2 года назад

great video, absolutely nailed it

@DamienTalksMoney 2 года назад

Thank you!

@paddyhillis9987 2 года назад

It's been doing it since i got here lol thats proper Lancashire speek

@DamienTalksMoney 2 года назад

🤣 I am a northern lad for sure

@OzanUtku 2 года назад

👍

@DamienTalksMoney 2 года назад

Yes Barry!

@boalcura 2 года назад

‘Ride it out’ as Charlie Munger said!

@DamienTalksMoney 2 года назад

Charlie is the man!

@ArcanePath360 2 года назад

Yeah good advice.... wait... THERE'S A SQUID COIN??? OOOH I gotta buy me some of that with my entire 401k RIGHT FRICKIN NOW

@DamienTalksMoney 2 года назад

Hahahah mate the fact that people actually did..

@m4son5ee 2 года назад

Some talent to be this Informative and still make me crease 😂 spot on lad 👌

@DamienTalksMoney 2 года назад

Yes! This is just music to my ears mate. I was slightly worried about making numb hand jokes during finance content 😂

@Rasukix 2 года назад

So basically don't use soap, got it!

@DamienTalksMoney 2 года назад

I mean soap numb hand combo sounds like a winner.

@AcesizOfficial 2 года назад

🙌🏽🙌🏽🙌🏽

@DamienTalksMoney 2 года назад

🙌🙌🙌

@roundmetal4555 2 года назад

Plot twist, he's a lefty.

@DamienTalksMoney 2 года назад

Hahahaha brilliant. I wish I could pin more than 1 comment

@my11isnot12 2 года назад

Knowing the RU-vid algorithm, you're now getting more videos on effective 'stranger' techniques, as it's now your 'interest'.

@DamienTalksMoney 2 года назад

😂 well done Daniel!

@constantfear 2 года назад

Ah a JSTOR journal, a man of culture I see

@DamienTalksMoney 2 года назад

Haha well spotted! JSTOR is such a good source of info

@RajR96 2 года назад

2 in a week? You alright Damo?

@DamienTalksMoney 2 года назад

Hahah. Mate I just serve them up when they are ready.

@mattquantrill101 2 года назад

🤣🤣 large up Ben. Well ahead of his time

@DamienTalksMoney 2 года назад

Years ahead of his time 🤣

@joserios598 2 года назад

Nice 👍

@DamienTalksMoney 2 года назад

Thanks ✌

@yourmoneyinspain 2 года назад

Great Video! you've made a dry subject (The problem with your investing is probably going to be you) very funny.

@DamienTalksMoney 2 года назад

Excellent feedback mate! Thank you so much

@keygarden2144 2 года назад

Hello mate, as i see it, if you think of the stock market as a wave say 100m off shore and the movement frightens you then crpto is like the perfect storm meets surfing in honalulu, right now im strapped to my surf board howling like a mad man and riding the big wave. The hand thing made me laugh, all i could think of was the inbetweeners, clunge and bus wankers,,, its a british thing people

@DamienTalksMoney 2 года назад

It is a very British thing people! Hahah clunge... Yeah honestly 10% drop in crypto doesn't even bother me anyone i am that numb to these sorts of corrections.

@user-ps7bg7oh8r 2 года назад

Great video mate. Interestingly, I done my Thesis in Emotional Intelligence, a big part of this is the concept of rationality. Spoiler.... No one is even close to rational. Aren't I clever. Mind you, I also used to sit on my hand so what do I know 🤷‍♂️ 😂

@DamienTalksMoney 2 года назад

Hahaha the last line made me laugh Funny how so much of economics is built on the idea that we are rational and it only takes a couple seconds to look around and go hold on...

@GeorgeAusters 2 года назад

Unless it's your job.. DO NOT try and buy single stocks / crypto currency. Just invest regularly into an index fund.

@DamienTalksMoney 2 года назад

I think for most that is probably wise advice

@Xodey Год назад

Well.. I will see you on the moon either way. Not going down the s&p route. I'm investing in stocks I know and believe in. I believe I can get there twice as quick compared to the avg s&p investor.