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How to get rich during this recession | TSLA ILMN | Stock market - YouTube
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friends listen up is times like this we
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get rich I've done it before
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I done it twice
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no Bush in this video just pure strategy
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stop anything while reading into
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everything I know how you feel so stop I
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do know everybody's situation is
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different and the best I can do is to
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tell you what I'm doing my thoughts and
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my experience to help you navigate
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through this crisis go for info I'm 40
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years old
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I'm not twenty like what most of you
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think Asians don't each I have the
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experience so listen up by the way it
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will mean a lot if you could help me
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like this video it really helps a lot in
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the YouTube algorithm to reach more
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people you look at all crisis the
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dot-com bubble the o2 o3 sauce the oil
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on a housing bubble they will pass
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do you recall for many years everybody
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yes everybody including you watching was
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wishing it was back in the eight or nine
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crisis you would have dumped all your
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money in you see hindsight is super easy
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if I knew is the biggest [聽__聽] you
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can tell yourself how many times in your
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life can you tell yourself this [聽__聽]
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so if you look at all crisis it will
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pass the biggest problem is when you are
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in a crisis you do not know what to do
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I'm going to touch on two sensitive
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issues now so forgive me in advance
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because I could be hitting enough
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imagine this you are in a relationship
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for about two years sometimes there are
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corals but mostly good times one day
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your partner comes up to you and ask you
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to go separate ways they found somebody
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new or just really wanted to take a
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break from you how you have been in such
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a situation can you remember the amount
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time you spend crying and thinking what
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went wrong you thought you will never
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get away and yet you are here right now
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how about the times you discover your
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partner cheated on you because you can
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you love them so much you couldn't thing
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like properly and lower your standards
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in a crisis the logical mind can't
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function
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how about the death of someone close do
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you
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remember how he affected you and
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permanently change you I'm not telling
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you that I can focus better than you
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during a crisis I'm also a human about
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two years ago I discovered the love of
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my life my dog my son he had cancer
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blood cancer he passed away without pain
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and he had a good extra one year with
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the help of chemo treatment until today
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too many people he was just my dog but
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to me he was my son I still can't get
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over the loss this crisis has been a
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while about two years and to me is still
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not over I still have problems accepting
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love my father has not recovered you
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know eventually really probably but not
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now well during this crisis I had helped
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to make better decisions and I'm
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grateful for that
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do you remember it was only less than a
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year ago
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Tesla stock was below $200 do you
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remember that crisis during the crisis
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the people who was willing to stick with
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their guns with high-level conviction
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was rewarded they pressed a button when
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everybody else was scared shitless of
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course with hindsight those who did was
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greatly rewarded if you have someone to
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help you in a crisis someone with
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experience someone with knowledge
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someone who tells you exactly what you
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need to hear
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wouldn't that be a game changer for you
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so now we are in a crisis so I hope to
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be of help to assist you to make a
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better decision this crisis to me has
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really no effect on me because I was
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long prepared for something like this to
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happen in fact I did so many videos on
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this if you look back at past videos in
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this channel you were seeing a lot of it
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so the crisis is here I'm smiling and if
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you are not smiling watch on during such
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crisis the world leaders will form ones
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get your [聽__聽] together put their
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differences aside and solve the crisis
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every crisis is the same do not bet
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against the market when the war powers
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are working
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gather to solve the issue you probably
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do not want to bet against them why do
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you want to even bet against world
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leaders coming together to solve a
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problem that's just nuts I'll go to the
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charts now this is a s py tracking the
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SMP 500 index and this was scenes like
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1994 I'm just gonna remind you in a few
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things that happened during the last few
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years so now if you go back to 202 in
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November I'm gonna zoom in over here so
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in total - November what actually
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happened here this was the start of SARS
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so in SAS happen and the market tanked
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for like four months and they after what
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happened so start sad started in
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November
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Oh - okay in year - OH - and he came
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down there after that in April start
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going back up this time we have kroner
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starting at December okay just take note
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of that next you go forward like so this
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was the oil crisis poor the market came
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down and you realize the market quickly
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recovered very fast so it took a while
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but these days over here the Internet we
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won so connected there was no social
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media so things were like a bit slower
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and if you had to come back now you
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realize a lot of crisis that happens so
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now you see this job is wasted this is
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probably because of not voice so
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interconnector everybody is so connected
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now in year 2020 where news travels
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really fast so everything moves very
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quickly
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I remember in doing this timing over
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here the 1 a 1 9 you know the trade war
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and stuff and [聽__聽] every time there's a
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deep that's always a new story so this
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is nothing new
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another story that comes and to remember
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the people who buy in at the bottom here
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one of the people who buy the bottom is
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me I usually buy at the bottom and this
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is where I make a lot of money so now we
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have a steep drop and guess what's going
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to happen I do not know this is the
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bottom but I do know in the future this
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is what is going to happen I just going
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to draw
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just use a brush I do know in the future
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that the stock market will hit around
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this range here I do not know how much
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you will draw I do not know but all I do
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know is when the stock market goes up
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over here I'm going to make a lot of
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money all over again so what am i doing
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now I mentioned three videos ago I doing
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exactly what I see I have sawed away all
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my stable stocks in my portfolio and
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started to buy into disruptive stocks
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during the past week
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JD held out well I sold it by two also
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held up pretty well I saw new
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surprisingly held quite well I thought
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McDonald's I saw everything I saw a
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Sanford Tesla and Illumina I took this
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chance to concentrate on disruptive
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companies not surprisingly Tesla held up
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pretty well this is a move good five
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managers will do in a bear market all
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stocks will fall some more some less
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take this chance to clean up your
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portfolio I know it sucks to sell some
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stocks and a loss but this case you are
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actually not taking a loss you are
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simply just repositioning your portfolio
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you need to reposition your portfolio to
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the stocks you really have a lot of
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conviction in and this is like my
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hundredth time I'm saying this on this
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channel Charlie Munger Warren Buffett
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both only had three to four stocks in
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your portfolio until they got too big
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it's almost humanly impossible to
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understand 10 to 20 companies you invest
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in if you only invest in companies you
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understand him you will always make the
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right call when the crisis comes like
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now no boy I'm so glad I did all those
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Tesla videos my conviction is dead high
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so even if Tesla falls to $200 again you
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and I both know what I'm going to do I
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will even sell my how to buy Tesla's
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true the house who needs a house so for
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this week I have done what I said I have
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reposition my portfolio to only three
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stocks
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as I can't predict bottoms and nobody
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can this is my plan for the next one
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month I'm going to touch my reserves my
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spare cash I will touch my reserves in
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three but what would the cost of the
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next one month I'll divide my reserves
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into three parts let's say my reserve is
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ninety thousand dollars I will do three
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purchases of thirty thousand dollars
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over the next course of a month so if
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the market continues to drop 30 K goes
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in drop again the DK goes in if the
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market continues to bottom it really
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doesn't affect me at all
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I know is humanly impossible to predict
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the market bottoms consistently but it's
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totally possible to own companies that
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will change our lives for the better
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good at a cheaper price that's all to
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investing that's it in a crisis where
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wealth is created and destroyed recite
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do you want to be on
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so in conclusion as simple as it sounds
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like I said when you are in a crisis
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most people do not have the mental state
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to focus all crises will pass and all
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crisis will come to an end
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epic opportunities do not come often and
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when it comes most people will just let
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it pass just like the next beautiful
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girl you are seated across from the bar
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you wish when you have taken the chance
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to talk to her wishes doesn't come true
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actions come true invasive and thank
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your friends who always like my videos
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it really means a lot to me
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