oh i just can't imagine losing 85 000 on gamestop what about you i would be out in
the backyard buried six feet under courtesy of my wife uh what would you guys do if you lost 85
000 on the gamestop stock do you even have 85 000 to lose i sure don't i don't know what would
you do how would you react comment down below let's have a chat guys i got some things to
share with you today on the channel coming to you because i know you're probably sick and tired of
hearing about gamestop but we have got to break this down because it is still kind of going on
it's still a hype and just recently on the community tab some of you awesome subscribers
decided to vote and i certainly appreciate that what kind of content do you want to see here
on the channel and the majority vote is about investing investing apps and things like that
that's why i'm coming to you today because it's so important that you and i become rich over time
and not try to go into a casino and get rich overnight and here's exactly why look at this
guys youtuber and courtesy by the way of buzzfeed news everything i mentioned in today's video will
be linked down in the description below look at this though youtuber david dobrik said he lost 85
000 from investing in gamestop stock during the hype oh my gosh so this guy you know he
has quite a few million subscribers he uh does a lot of prank videos things like that
but on the flip side of all that he did this podcast where he said hey there's this crazy thing
going on with gamestop it went from like you know a couple dollars to like 90 dollars it's starting
to rally up due to a short squeeze and then he said i'm i'm dropping 50 000 into that and then
he comes back a little bit later on a couple days later and talks about the fact that he lost 85
000 on gamestop he said i suck at stocks i stink at stocks whatever screw this at this all that
kind of stuff and he said he likes the idea of gambling well that's exactly what this is
but you know to lose 85 000 which means you went in on 50 000 and you put more money down
on gamestop in hopes that it would continue to rally up let me show you this graph right here
let's zoom in on this this is from google of course and this is gamestop here's what i think
in this zone right here i'm going to highlight this do you see this little zone right here
that zone right there i think is where the winners are if you got in during this time and if you
were smart and sold at the peak of this you made probably a good amount of money but the problem is
when i see a lot of these type of stocks come out a lot of these hot picks and whatnot by the time
the masses find out about a short squeeze or some type of crazy thing going on in the stock market
it's usually already too late and then what happens is that i see a lot of people they invest
by using their savings accounts they drain their savings they take out personal loans in order to
invest and try to get rich quick but if you didn't invest in this zone and look at this some of these
numbers here 18 on january 7th 1994 on january 11th now if you bought even before that that's
even better but this is the zone right here here's what starts to happen it starts going
up to 76 a share on january 28th and then look what happens on january 26 147 until it goes to
its spike of 347. look where it's at today after recording this video it ended the day at 92.40
so here's what i see a lot of problem with a lot of people started getting into the hype right here
on tuesday january 26th at 147 a share now let's say you bought one share of that you got excited
the next day because it went up to 347 dollars that's pretty cool so you go from 147 340. you're
like oh this is awesome and you see all the news and all the stuff on wall street bets and
everything that says diamond hands hold on we're going to the moon you're hearing some people say
about one thousand dollars guys nobody really truly knows where this stock is going to go up
it go up down sideways upside down inside out so then it goes down to 193 and two things happen
either you're like that's okay it's because you know all these brokerage firms restricted the
access to buying it's all their fault i'm still holding on or you got scared and for those people
that got scared they started selling and selling and selling worse yet if you continue to hold on
and then here you are on wednesday february 3rd at only 92 if you got in back here at 147
and you sold today because you were scared that this is going to continue to drop you lost money
in the stock market so we have david dobrik losing 85 000 i saw another youtuber who lost 25 000
because they got in with all this money because they had all this money and they lost a ton of
money as a result of gamestop guys i want to see you guys get rich i want to see you guys
get rich over time this isn't about going to the casino and trying to get rich overnight it's
about let's say 10 years from now 20 years from now we're going to look back and then look into
our accounts and be like oh man look at that sweet money coming in because we were strategic and over
time we invested smartly a lot of people are going to come up to you if you follow this strategy and
they're going to say hey yo how did you get rich overnight how did you get all this money
they don't realize that even though it looks like you got rich overnight they didn't realize
that while they were out partying you were putting five dollars a week into weeble or while they were
out spending their money aimlessly maybe you were putting ten dollars into robinhood or stash
and you were just doing that consistently another period of time you grew your portfolio let me show
you a very cool exciting example here i'm going to give a shout out to nerdwallet i'll include
the link down below in the description uh this isn't sponsored this is just a great calculator
and i want to give them a huge shout out for it i i actually did a video if you haven't
seen it yet i'll link it right up above on my 2021 investment strategy what i'm doing
right now i'm focused on paying off my mortgage debt i want to be mortgage-free i want to be
totally free that every single dollar i make i have the power to do whatever i want with it so
that's my first focus but my second focus is what can i invest now so i noticed that i was spending
a lot of money every week on starbucks coffee can you believe it was thirty dollars a week that's
a lot at least in my opinion i think that's way too much money so instead of spending 30 a week
on starbucks i'm taking the 30 and i'm putting it into my favorite investment apps i'll link them
all down below so you can check them out it's not something that i need to stress over if i lose 30
in the stock market i'm not going to freak out now if i lost 85 000 like i said i'd be dead out there
in the yard but yeah 30 bucks a week no skin off my nose everything's fine so let's say you start
with an initial investment of 30 right here on the board and then you're gonna invest monthly and uh
actually you're gonna invest 30 a week that's at least what i'm doing you do whatever you can do
even if it's only five dollars but i got to do some math guys because yo i am not good at
math i always need my calculator for this kind of stuff so 30 a week would be 1560 a year divided by
12 months is 130 per month okay and then years to grow i guess we'll leave that at 10 for now
expected rate of return what i'm going to do for this i'm going to put 10 why am i putting
10 percent well if you know or not the s p 500 actually grows at an average rate of 10 per year
for nearly the last century do you see that right there the last century that's pretty cool
now of course you're going to have some years that are like low maybe you're in a
a recession or something like that but then you're going to have some years that are higher
but average will be 10 and that's what i want to focus on for the long period of time here so ten
percent so i put fifteen thousand six thirty my investment's gonna be worth look at that
twenty six thousand nine hundred and thirty two that my friend is some growth and i would rather
make ten thousand dollars than lose eighty five obviously find ways to earn more income or find
ways to get out of debt so that way you have more money in your power to do what you want
with it so we can up the ante then let's say we can raise this up and we can start doing like 500
a month or let's let's go on a stretch goal and say we want to do a thousand dollars per month
we're going to go all in and do a thousand dollars per month invested into our investment apps boom
10 years with a 10 percent rate of return with 30 initially invested 206 000 in 10 years let's say
you're young and you're watching this video maybe you're only 20 years old i'm going to put this up
all right now i know it's 40 years and that feels like a century but bear with me a second 40 years
let's say you're 20 years old so now you're 60 years old and every month you invested a thousand
dollars on average per month okay if the market averages ten percent look at that look at that
guys look at it for a second six million three hundred thousand dollars six million let me cut
that in half let's say you're only gonna do five hundred dollars a month invested 3 million dollars
putting away 500 per month in to the stock market and what i would recommend is a nice growth stock
etf something that actually has a good track record that's not something that could potentially
go on a business like a gamestop and just do it every single week so if these numbers excite you
one million dollars six million dollars whatever it could be that's what you gotta focus on
be consistent over time guys let's be honest that's kind of boring it's bullying to say oh you
know 500 a month and every every month i'm just gonna do the same old thing and same old thing on
and on and on and on and on that's kind of boring it's not sexy it's not like me getting on here and
yo guys there's a hot stock you need to buy this right now it's going to 10x by tomorrow you got
to get in you got to get in first of all i'm not going to give you that kind of investment advice
because a couple things could happen one you get in on it let's say it rises up but you don't sell
in time and then you lose your money you're going to come back at me and think i'm off my rocker
you're going to say yo you did me wrong and i don't want to do you wrong i want you to look back
10 years from now 20 years from now when we're all old and gray and hopefully youtube still exists
and come back and say hey i'm sitting here with some millies and that's what i want for you guys
you got this my friends you got this hey if you enjoyed this video make sure you like it make sure
you share it don't be greedy share the love and also make sure you subscribe more personal finance
videos coming right here to the channel but most importantly and as always continue to live your
sweet life because you're worth it my friend have an awesome day and we'll see you next time [end]