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How I made $425 in ONE MONTH on Acorns! (with NO experience) - YouTube
Channel: Casey Coleman
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Hey guys what's up, Casey here from the
Millennial Millionaire Challenge and
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today I'm going to talk to you about how
I earned four hundred and twenty-five
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dollars in one month using acorns during
a market fluctuation. Alright so a little
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bit of background information the date
was I think June 23rd of 2016 is when
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Brexit happened if you don't know what
Brexit is that's when the United
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Kingdom voted on leaving the European
Union and had a pretty big downturn
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worldwide in all markets but the United
States market actually took a pretty big
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hit as well I think we were down 8 or 9
percent I don't really know for sure but
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it was it was a pretty big hit I didn't
really know what I was doing trading at
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the time I've been trading I'm Robin
Hood for a while I've been using acorns
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a little bit but I didn't really know
trading all that well I didn't know how
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to day trade I didn't know how to look
at technical analysis things like that
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the only thing I really knew about the
stock market was the younger you are the
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more money you put in now the less you
have put in later to be rich and retire
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a couple million dollars things like
that
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I knew the basic things you hear but
it's in one ear out the other but one
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thing I that one thing that did stick
with me was one of my finance teachers
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had been talking about systemic risk
versus individual asset risk was just
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pretty like to sum that up it's pretty
much the more diverse your portfolio is
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the less risk there is like one stock if
you own one stock if if a news article
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comes out of a president tree tweets
about your company things like that if
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there's a lower earnings anything any
literally anything can affect the stock
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price they could go up it could go down
it doesn't really matter what's going on
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the economy and that one saw it can take
a big hit or jump up for any number of
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reasons however so that that's one stock
but the more stocks you have there's
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there's a line at some point if you get
enough stocks that there's you're so
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diverse that no matter what happens with
any of your stocks it won't affect your
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portfolio value to some degree and that
that end degree is what's called
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systemic risk which is pretty much just
the economy so if the economy is doing
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well you're doing well the economy is
doing
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that's pretty much what it comes down to
and at this time so the stock market was
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down so I decided I was gonna dump a
larger chunk change into I think I don't
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I'd put my acorns account value just
under $5,000 right after that so right
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after there is that big hit I was like I
would double much money and I don't five
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thousand dollars approximately and then
I also added a reoccurring investment
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which is really cool about ignorance
that you can add a reoccurring
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investment that in it'll diversify any
amount of money you put a dollar and
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although you're a super buy your dollar
which is really cool but side now so I
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started doing reoccurring investments
and I did it for about a month and
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during that month I'm gonna go ahead and
open up my account here in a minute for
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you guys but I put that I put a little
under 5,000 in there and then I put
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money in every single month to start
building up my account value I was
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looking at it as a long term investment
but it really wasn't an only lasted for
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a month before I decided to go into day
trading and I knew even a minimum
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account balance for that so I had to
take my money out but pretty much let me
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open it up for you here let me go ahead
and turn on my screen recording three
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two one okay it's recording so oh that's
I got it I got a time so down up down
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okay so now I know where that's at so if
I open up a cleanse you can see that my
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performance there's a $425 game and not
all that was during this one time I
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think a 418 or 419 of it was during this
one month period so as you can see June
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23rd was right here pretty much you
can't do it because whatever reason is
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mine that one day it's not on there but
there is that downturn I was adding
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money and I took I did a little bit more
I went up to 4700 and then I started
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doing rien curring investments every
single day as you can see there's some
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you can't really see the words but some
of them some of the lines are bigger
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there's bigger jumps in count value that
one's a little over $100 things like
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that the reason that those bigger ones
were happening wasn't
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adding more money but it was because the
stock market started turning around and
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that's when I started making my money so
a great way during market downturns to
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make a bunch of money is if you use a
diverse portfolio like this I'm gonna do
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it on anything into an e trade portfolio
or a trade fidelity Robinhood I think
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even has some mutual funds things like
that but mutual funds are awesome in
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that sense they're also great for long
term growth but that's that's a
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different concept right now so I was
looking at it
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acorns is awesome for that reason but
pretty much I dumped a bunch of money
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and kept reoccurring deposit every
single day and that's pretty much my
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strategy whenever there's a downturn I'm
gonna keep doing that I'm gonna add a
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bunch of our money and I'm gonna kind of
walk you guys through every single time
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that there's a downturn and what my
strategy is I'll probably do acorns for
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a bunch of them I'll probably do some
normal day trading as well you guys you
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guys will see videos of that in the
future of how a day trade pretty much
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every single morning at this point but
yeah so that's pretty much how I made my
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$425 is just purely using acorns as an
investment portfolio to dump a bunch of
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money and during the economy doing bad
and then expecting or when I expect the
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market to do well so yeah if you let if
you have any questions please feel free
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to leave a comment down below hit that
subscribe button if I like button do
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whatever you got to do follow my
Instagram for the millennial Millionaire
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challenge there will be a link in the
description and I'll keep you guys
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updated when there's new videos as well
as when I'm going to be doing different
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types of things so if I want to start a
new challenge with like acorns which
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I'll be talking about on Monday or
different things like that so yeah
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thanks for watching guys I appreciate it
and I'll see you guys next time
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