Hey, what's going on?
Tripp Kramer here from Tripp Advice.com.
On today's video, I want to talk to you about something that I know is a big discussion
out there in the world.
In fact, this is always a discussion ever since the stock market has been around.
Should you invest in the stock market?
I know a lot of this conversation is happening now because of what's going on with the world
and I want to say this, even though I'll be talking about this today, just so you know,
as you know if you've been following the channel for a while, I'm not a financial adviser.
I do not have a background in finance.
But you might be asking Tripp, why are you making a video on this?
The thing is, I've personally studied it for quite a while and what I'll be doing today
is just sharing my thoughts and sharing what I do in terms of the stock market and investing
so you can hear about what I do.
And what I do I think is pretty smart because I am well educated in the area, but no, I
did not go to school for it.
Either way I want to share my thoughts with you.
I want you to hear what I'm up to and it should go without saying, one of the reasons why
I'm talking about money lately or doing some more personal development topics is because
this is going to make you an overall better man.
If you have more money, if you're working on your productivity, if you're working on
your health, you will be more attractive and a better person.
And that's going to help in your dating life as well.
But more importantly, help you as a great guy to have a great life.
When we talk about the stock market and if you need more information on how stocks work
or how the stock market works, that's not going to be this video.
You can do other research.
I'm just guessing you already have an idea of how the stock market works.
We're not going to go into the bare basics here.
Still, let's go over a few things to answer this question if you should invest in the
stock market and if you should invest in the stock market right now.
Let's talk about the idea of being a passive investor versus an active investor in terms
of investing in the stock market and the difference between the two.
I'm going to throw in another one in there.
I call it (and this is my term) gambling.
Because when it comes to the stock market, generally speaking, we don't know what is
going to happen.
You can make an investment in a company and it could go up, it could go down.
Of course, there are some companies called Blue Chip companies that do well over time.
They're going to do well something like Apple or Disney.
But still we don't know how they're going to play out.
We ultimately don't know the answer.
We can just have educated guesses.
We have passive investing, active investing, and what I call gambling.
So active investing, I want to say this is a person who's like a day trader, it's their
job.
I have friends and they're always texting me about it.
Telling me what they're up to, who are active and investing.
Everyday they're doing trades or they're doing holds.
Every day they're working on it.
It's either a part time or a full time job.
This video is not going to be for the active investor.
I'm guessing if you're an active investor, you're probably not watching this or maybe
you're watching this for entertainments sake.
Then there's passive investing.
I would consider myself a passive investor.
This is putting money into the stock market every month or every week or maybe it's every
couple months, depending on what your financial situation is and you're doing it passively.
We'll talk about that in a bit.
It's not something that you're doing all the time.
And then there is the gambler or the person who isn't necessarily an active investor,
an active trader, a day trader, and not someone who's more of a passive investor.
But once in a while, he likes to put some money in on one company or maybe a couple
companies just to see if they do good and see if he can make some money out or he or
she can make some money on it.
Maybe they do.
Maybe they don't.
That's a little bit more of what I would say gambling.
There's probably some educated guesses behind it.
Maybe he gets a stock tip or maybe he hears something or he hears that a company is going
to do well.
But it's still to me a little bit more risky.
I call gambling or you can say high risk investing.
Again, not a financial advisor.
This is just stuff that I've learned that things that have worked for me in my life.
What I'm sharing with you.
But you have to understand the difference between all those in summary.
So passive investing, this is what I do.
Passive investing is the idea of investing into the stock market for retirements sake
or at least putting in money (it doesn't have to be necessarily for retirement) into what's
called index funds.
Funds that go up and down with the market itself.
Over the course of the creation of the stock market, it has trended upwards and always
upwards.
Yes, lots of ups and downs, yes, crashes like we're in right now.
But generally speaking, it has gone up I believe (don't quote me on this) that the average
goes up every year on average 7%.
It still is a gamble.
Everything could come crashing down.
But it's much less risky to be investing passively and into what's called ETFs or index funds.
Maybe you've heard about those.
That's what I invest in.
Because you know over long periods of time, it will go up.
You don't have to necessarily have to be buying and selling all the time.
You just put money in, you just buy and you buy over time and eventually you will have
more money.
Now of course there's little things in here that you have to know in terms of investing
passively, even though I said it's low risk, there's still high risk.
Because if you feel like you need to take your money out soon, maybe you're going towards
retirement or maybe you're going to buy a home soon or you feel that you might need
access to those funds, investing in the stocks at all is still risky because like right now,
you could be in a crash and you're like damn it, all my money is now gone.
And so you don't have the time to recover from it.
It will recover eventually, but you don't have the time to to wait for that to take
it out.
That's a whole other thing that I don't want to get into because I'm not there yet.
That's only some things that I've learned but once you get older, you want to put more
money into things like bonds that are super low risk and don't go down as hard or maybe
even take it into cash because cash only goes down very minimally every year due to inflation
and not necessarily crashing because it's in your bank safe and not with other companies
not knowing exactly what's gonna happen.
I say this, if you're making a consistent salary, say you're a person who's making 30
grand a year, maybe you're making 150 grand per year, maybe you're making 200 grand per
year or more, but you have this idea that whatever career you're in or business you're
in, you know that there's a ceiling.
You're going to be capped.
Some people know that there's only so much money that they can make in their career or
maybe there's only so much money they can make in side hustles.
For that person who's not an entrepreneur who's not investing in themselves in any other
ways to make money and just is getting a salary, this is a great idea.
In my opinion, this is a great idea for that person to invest in the stock market even
now because they know that by the end of time, they've only made so much money so putting
money away into the stock market and doing it in the passive way is gonna yield them
more money at the end of it.
Money gets less and less valuable over time because of inflation.
You lose value in the dollar that's sitting in your bank account so people put it in the
stock market so you can recover from that and it grows and you can make more money over
time.
You're combating inflation and making more money on top of it because there's only so
much money you can make an interest when you have it in the banks.
So again where we are right now is we're talking about you being interested if so in passive
investing so you can have money for when you're older for retirement.
It's a way of saving to have money later on because it has proven over time that you will
make money in the stock market in a long range of time.
Now who is this not for?
In my opinion, well it can be for anyone.
It's not bad to save money.
It's not bad to put money away.
But there's some people and this is kind of me too, who are investing in businesses or
maybe you're an entrepreneur.
So you're a person who is doing something with their career where there's not necessarily
a cap.
Where they know they can make more money over time.
That's more of a high risk investment.
You're investing into a business or yourself.
Not education wise, but you're investing into yourself as a business or hiring lots of people
and investing in them to make more money over time.
That person, it's interesting, it's tricky, it's kind of personal at that point.
Some people are entrepreneurs, they're investing all into that to make money and they're not
necessarily investing into the stock market because they're looking at their business
as the investment to make them more money over time.
I myself, I'm hedging my bets.
I believe in Tripp Advice, my biggest investment is in Tripp Advice.
I put all of my resources, time and money into Tripp Advice.
It's high risk.
It could just die any day.
I don't think it will.
But it's still high risk because you're creating it yourself and you're building a business.
You don't know what's going to happen, but I hedge my bets.
I still put money as a passive investor into the stock market.
I don't load tons of money into it.
There's some people who are what's called fire financially independent retire early
who do mass mass savings and put a lot of their money into the stock market into passive
investing because they want to retire early and they want to save tons of money.
Me on the other hand, I do a little bit of savings because why not have some bank accounts
that are going to yield me money and have money to access when I am older or when I'm
not working as much.
But for now, a lot of my money is invested into Tripp Advice.
So to answer the question, I know it's long winded, but we really couldn't get here without
me explaining a few things, should you invest into the stock market?
Right now is an amazing time to invest into the stock market.
Right now is great.
Why, because there's a crash.
Some people aren't very familiar with stocks and how it works.
And again, I'm not gonna be going too much into this, even myself, I'm still educating
myself.
But what they don't know is even though it's going down and crashing, as a passive investor,
it's a great time to invest because you're getting stocks at a discount.
So right now if you're investing into total market, if you're investing into the price
of the market itself, it's lower now because of the crash than let's say when it was a
couple months ago before that.
Right now it's like you're buying when the price was at where it was two years ago.
Let's say you've never invested before.
You have no money in stocks and you start today.
It's like you started a couple years ago.
So now's a great time to do that.
Now's a great time to put your money in because the prices are low.
Here's my advice.
Again, not a financial advisor.
I know it's my third time, fourth time saying that.
But here's what I do.
To sum it all up, I have money that comes in and I don't take necessarily too much money
because the rest of the money goes back into the business to invest to make it bigger to
reach more people like yourself and help more guys with dating and then a part of my salary
(not too much, just a little bit) goes into the stock market as a passive investor into
ETFs and index funds which go up over time.
And right now at the time of making this video, I'm 34-35 years old so even though there's
a crash happening right now, I don't really care.
I don't really look at it for anything other than entertainment purposes just to see what's
going on.
Not that I'm entertained by it, but you get what I'm saying.
And I just see what's going on.
I don't sell any of my stuff.
I'm just gonna keep it in there and keep putting money every month and eventually, when I do
want to take it out, maybe in 20 years, maybe in 30 years, maybe never.
I don't know, maybe I'll just keep living off of the money that I have from other means
like Tripp Advice and the rest goes to my kids or whatever.
But I'll have it there and I put it there just in case just to have them because I know
it's going to grow over time.
And when I get older, I'll take most of it and put it into bonds or cash and not have
it necessarily into the stock market.
That's my plan.
That's what I'm doing because I'm an entrepreneur.
If you're a person or if I was a person who did not run a business, who wasn't planning
on starting a business or doing anything like that, I would absolutely put as much as I
could afford into the stock market knowing that one day my career will be over, I won't
be working anymore and I'll need money to have to access that's not going to die from
inflation that I can get when I'm much older and done working.
I know I just repeated myself there and was very redundant but that's how it works.
That's what I do.
Again, if you want more information on this, you got to go study more outside of this to
learn more.
But I wanted to give you my thoughts and my ideas for guys who already have ideas of how
the stock market works and you can see what I'm doing.
Now one of the things I also say to invest in is yourself.
And when I say yourself, I don't necessarily mean a business but I mean education.
And by the way, this is this is a pitch.
This is the thing that I do.
This is how Tripp Advice makes money.
And I tell people, you want to invest first and foremost into yourself.
You want to invest in your education.
So I have something for you called the Irresistible Academy and that is my 12 month program.
Where you can get educated and learn about how to live an irresistible lifestyle.
How to optimize all the different areas of your life, your looks, your finances, the
place where you live, your mindsets, your psychological mindsets.
Everything from beginning to end in terms of how to optimize and be the best version
of yourself and be irresistible to women.
It's called the Irresistible Academy.
You can check that out in the link down in the description below www.trippadvice.com/academy
and you can join that.
That's a way of investing in yourself and education.
I'll tell you a quick story.
I remember when I first started Tripp Advice back in 2011 and then it was 2012, where I
invested myself in education where I was learning about marketing.
I was learning about how to get my brand out there, how to access and reach more people
so I can help them with dating.
And I bought a little course that was about $97 that taught me how to create a YouTube
channel.
And I bought that and I studied it and I learned it and I was able to create a YouTube channel
that got a lot of subscribers and a lot of views and reached a lot of people like you.
If I didn't invest in that program, I might not be here today, you might not be hearing
the words I'm saying to you right now.
So whatever you do, make sure whether it's in your own career, whether it's entrepreneurship,
whether it's about being a better person, or more irresistible, invest in yourself.
There's two ways to do it.
You can invest with time.
Well it's always gonna be time, but it's either time and only time alone or time and money.
So right now you're investing time into watching this and to learning.
You can also invest your time and money into something where you can learn something that's
going to take it to the next level like my Irresistible Academy where it's all organized
and you get the best content and best information that's going to almost guarantee you that
you'll get better results in your dating life and in anywhere else.
That's why if you want to learn about stocks for example what you're going to do is you're
probably going to invest in a course.
Yes, you can watch a video like this and hear some things and be entertained and get an
idea.
But it's better to invest in a course about stocks if you want to learn about how to be
a passive invest or be a day trader and active invest.
Education is the best thing.
There you go.
That's my thoughts.
Check out Irresistible Academy down below in the description.
Hope this helps.
Leave a comment down below if you want more videos like this where I talk about finances,
money, personal development and anything else beyond the dating scope.
Of course it all connects and all works together.
Thanks so much for watching.
I'll see you on the next video.