hey welcome back to another episode hold
on one second I need to check the news
see I need to check the latest pandemic
news on reddit every ten minutes or so
just to make sure that I'm all caught up
on everything okay nothing new so
recently I was checking my stock
portfolio and I noticed that I had
actually lost about a hundred K in the
stock markets which is pretty good
actually I mean relatively speaking I
could have lost a lot more what happened
was I had about 700 kg Sydney and then
the account I had forgotten about and it
suffered like a 15 20 percent loss and
now I've just been kind of stuck holding
the bag on this and I've been trended by
SP why puts short positions to try to
hedge myself but either way no matter
what direction the stock moves is going
to be a losing trade for me but overall
I could have lost a lot more and though
there's people who lost seven figures so
saying that I only lost six figures
that's pretty good and I felt that given
my position of relative success I have a
few tips for you in terms of how to
invest during this pandemic as well as a
few lifestyle tips so let's get into it
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check them out now about money I know
that in the recent crash many of you may
have suffered some severe financial
losses and if it makes you feel any
better if you're looking for a pity
party then you've come to the right
place because yes I have lost money too
maybe more than you probably more than
you but what brings me a comfort what
lets me sleep at night is knowing that
there's nothing to buy out there anyways
all of the shops are closed there's
nowhere to go
airplanes are grounded you can't buy
luxury cars you can't go to fancy
restaurants for your steak or lobster
you can't even take people out on dates
because of social distance so you can't
impress your co-workers or anybody
really everything shut down anyways so
even if you had the money you wouldn't
really be able to spend it it would
probably be better used as toilet paper
and frankly at this point you should
probably just be thankful that you're
alive and you can play some video games
which is all I've ever wanted to do in
my life so I'm pretty happy at
this point but talking about the stock
markets I've been checking around and
just seems that everybody and their
grandmother is trying to time the market
and buy into the dip in thinking that
this is how they're going to be rich in
life and they don't need to work because
they're going to use this crash as an
opportunity to essentially retire for
life when they buy into the dip and that
the stock market explodes higher and it
seems like everybody is reciting this
quote by Warren Buffett be fearful when
others are greedy and greedy when others
are fearful and so I might be wrong
about this but to me it seems like there
may just be too much hope and optimism
in the air for us to call this a market
bottom when everybody and their
grandmothers are waiting to buy the dip
if you check the last crash in 2008 it
took us a year to get to the bottom and
then after that it's been 10 years of
bull market and so I just feel that
there could be more room to go down
personally I'm not buying the dip I'm
mostly on the sidelines and cash goat
bombs I recently began buying some
Bitcoin as well simply because you know
you hear that the federal government is
printing a bunch of cash and so they
could be devaluing the dollar but at the
same time we don't necessarily know if
this is going to be inflationary in a
deflationary recessionary type of
environment and actually right now there
are still some banks offering pretty
decent rates maybe they just haven't
updated their rate to the federal
government zero percent yet but like
Marcus bank they're offering one point
five percent on the CD for a 12-month
period so I recently opened up an
account with them but overall the more I
look into the stock market tomorrow
realized nobody really knows which
direction is going it could be a v-shape
to recovery it could be a downward slope
over a long one-year period that's the
million dollar question that everybody
has on their mind and for you to think
that you may know the answer it's pretty
much speculation at this point and as
for myself that is not the way I like to
make money if you like to speculate you
might as well just go to Las Vegas and
bet on black or red so it feels pretty
much like flipping a coin if you want to
make a smart bet on being a bull or a
bear and then the mount that you're
willing to lose then feel free to but I
don't know if anybody would have the
sufficient confidence to bet large
amounts of money in either direction at
this point and while I was researching
this I also came to the realization of
normalcy bias which is a pretty
interesting concept we're about 70% of
people reportedly will display normalcy
in any disaster or crash scenario where
people which is their brain were try to
deny the reality and this can cause
life-and-death scenarios it's especially
pertinent to understand and recognize
your brains tendency to imagine that
things will go back to being normal or
that disaster has not yet struck
according to Wikipedia normalcy bias
explains why when the volcano Vesuvius
erupted the residents of Pompeii watched
for hours without evacuating it explains
why thousands of people refused to leave
New Orleans as Hurricane Katrina
approached and yle 70% of 9/11 survivors
spoke with others before leaving and so
I've mentioned this phenomenon before
were in a real emergency it's not like
in the movies where people are yelling
and running around flailing their arms
all about but rather there's a sense of
eerie calmness where people are actually
in a state of denial so just a bit of
advice for you not to over panic but to
prepare yourself now speaking of
preparation I've been reading the news
I'm sure many of you have as well and
I've just been following the minute by
minute hour by hour breaking news
trending updates checking every little
update on articles that I've seen over
and over again and all of this is an
attempt for me to to what to be able to
state my opinion when the governor comes
and asks me about that when the
president comes to my house and or news
reporter comes and asks me for my
opinion on the state of affairs and I'm
going to prepare myself like the thing
is nobody ever asked for your opinion on
this pandemic and nobody ever will
nobody even really cares about your
stupid low opinion so all of this
research that you're doing is in
actionable it's pretty much the same as
crisis porn that you're doing it's
interesting it's entertainment and news
agencies are profiting off of it and if
you take a moment to reflect on the past
two to three weeks in quarantine as
you've been reading all of this news
then you may have come to the
realization that that was a lot of time
that was wasted and there was nothing
built up over that now you don't
necessarily want to push yourself to try
to be productive in the time like this I
think it's important to take the time to
relax and absorb the information and and
not overwhelm yourself with stress or
anxiety at the time like this but
sometimes I find that it may help to
actually focus on something else
something not related to just reading
breaking critical news hour per hour but
maybe focus on something
if that it will actually benefit you
when all of this passes this could be a
good time to instead read the book you
voice wanted to learn to code start a
new side project or hustle or even catch
up on recreational activities like
working out or just getting more sleep
and one area that's definitely going to
be worth your investment right now is
your own personal health because at the
time like this you don't want to be the
one who ends up in the dentist or doctor
because you have some cavity or you
broke some of them so personally I've
been brushing my teeth and words in my
mouth multiple times a day because I
don't want to have to end up at that
dentist I've been careful with any
adventurous activities or sports you
know we know that accident rates tend to
go up on weekends because people are
usually out doing activities just stay
at home and play some games where you're
gonna be safe eat safe healthy foods
make sure you get your exercise in and
be cautious of engaging any sports or
activities that may be especially risk
problem like rock climbing motorcycling
or even bicycling really fast running
really fast because if you happen to
sprain your ankle the hospitals they're
not going to have that much capacity at
the time like this you go and you may
even get yourself infected I also have
some advice about your living conditions
my presumption is that many people may
be living with their parents right now
maybe you're living over in New York or
San Francisco these cities are huge and
bustling and crowded there are going
onto lockdown there are huge lines the
supplies are limited so then if you're a
young person there you've been laid off
move back in with your parents you can
save some money either way you're not
getting the benefits of living in the
big city because it's all shut down
anyway you save on your rent and you can
also get the supplies that you need your
parents probably have a bigger house so
yeah go live with your parents if it
made sense for you I'm living with my
parents right now but at the same time
you want to make sure to get some space
get some physical space and social
distance yourself from other people
because it can be toxic spending way too
much time with other people so what I've
personally done is I still have sections
of this house walled off even after my
14 day Korn time period ended I've just
extended that so I'm not really engaging
or talking with any other person and I
haven't done so far weeks that helps me
protect my mental health and the last
bit of advice is this is actually a
great time to reflect and take a timeout
and reprioritize your life and think
about what you're doing and if what
you're doing is really going to take you
to the goals that you want to get to
it's a good time to just stop and think
about where you're
in your life and tie up any loose ends
and prepare yourself for whatever next
chapter is coming for you you know I
know that for myself
anytime I quit a job it takes me two to
four weeks of just decompression where I
just have to catch up on all of the old
stuff that had been building up maybe I
need to reorganize my files figure out
what was going on with my retirement
accounts and my taxes and catch up on
books and articles that I wanted to read
and usually there's just a bunch of
miscellaneous stuff that's accumulated
in your mind kind of like how a garage
accumulates stuff and if you take some
time to sort through it then the
important thing about this is that it
actually clears yourself up so that when
you have a new project venture or idea
that you're able to pursue that I think
a lot of people they go through life
half as early like a hurricane and they
just go through day by day and they
don't take much time to think about what
they're doing
each day is packed full to the brim
everybody's busy there's a bunch of
tasks and chores and then what happens
is when you come up with some project
idea or ventures that you think may be
worth pursuing you don't actually have
the time to do it because you're so busy
at the time if you take a little bit of
time now to just organize yourself sort
of things out maybe catch up on some
work that have been piling up planning a
little bit ahead and then in the coming
months when you see an opportunity and
there will be tons of opportunities
right every problem there's going to be
some opportunity in there then when you
see the opportunity you have the time
resources and bandwidth to go after that
because of good planning and preparation
board at home spontaneous acts of
creativity may help break up a day spent
indoors explore workshops classes are
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the description below so that's all I've
got for you but let me know what your
top tips and tricks are during this Korn
time period you know probably my best
tip is to just focus on physical health
because you don't want to get sick is
that
a great time to get in shape make sure
you get your vitamin D go on a diet it's
going to save on food costs and toilet
paper costs so they'll do for me please
give the video a like and subscribe I
really appreciate that take care of stay
home and I'll see you next time thanks
bye