This Guy Turned $300k into $20 MILLION
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Definitely need to diversify!
This guy turned $300,000 into $20M, but lots of people turned $300,000 into $0 by incorrectly guessing “the next big thing”
Wild how one good move can change everything… makes you rethink every $ you’re sitting on.
You have 300k laying around?
To be fair with index funds you can just put money there and forget about it. You look 5 years later and you nearly double your money by doing nothing
Yea you never think it’s a good idea bcs you lost big on robinhood, you aren’t good at it. Let the good people invest and beat you.
and he literally wouldve made so much if he held. it’s insane how much he lost out on. if the fundamentals of a company don’t change, why would you sell, better question is why did you even buy it in the first place. you don’t buy and sell because of a stocks price, it’s because you believe in the underlying company and the proof is in the numbers.
“Backed by the US government” means very little these days.
US government has never defaulted on a bond. So yeah it means something.
@@David-vy1sl Not with Trump in power. He has already proven that he would not hesitate to change any rules or laws, even if he does not have the constitutional right to do it.
@@denisrichard58LMAOOOOO
lol how did I know this comment was whining about Trump 😂
I did buy some NVidia too, but no way near to that degree. I sold enough of it at time when it was high to cover my enter investment in it but still have some in case it really skyrockets again. I really believe in playing it safe but also leaving the door open for serious profit.
Only invest with conviction and confidence, only diversify if you have no idea what your talking about
People get lucky. Investing that heavily in one stock is an awful idea. You never know if one of their products can be faulty and start fires everywhere and they get sued and lose everything. I’m imagining/hoping that this dude was already insanely rich so that 300k was only a small percentage of his portfolio. If it’s not, I can only imagine the stress caused by relying solely on a single company’s success. Index funds like the s&p500 is a great, low risk, long term way to invest your money. I’m no investment guru. I don’t like constantly checking and worrying. S&P has returned me 15% this year so far. That’s good enough for me.
What are your thoughts about Renco Homes? Are they a disrupter for real estate?
A Bitcoin ETF is not exactly an index fund. I’d feel safer in NVDA than IBIT
How you say you only invest in etfs? You invested in Tesla shares.
safe but not high returns, Sorry but getting hight returns from stocks is literally a lottery
Can’t really cash loss harvest index funds like you can a bunch of stocks
I scrolled past tons of people swearing by Smart Broke Dumb Rich by Zor Veyl, calling it the book “they” don’t want us reading. I was skeptical at first, but I finally gave it a chance. Honestly? I’m pissed I didn’t read it sooner. Smart Broke Dumb Rich by Zor Veyl forced me to rethink everything I thought I knew about money. It really is worth the hype.
Wonder how this vid would look if instead of losing your a$$ on robinhood, you held and won big.
True most investors are better off with index funds.
Why just pick the winner when you can pick the winner plus a bunch of losers?
I’m that guy he’s talking about in case any of you are wondering.
Lemme hold a dollar
He’s also invested in steel white face Rolex Daytona’s. Smart man.
Thing is though, NVIDIA has hardly ever been a ‘risky’ stock. They have been a market leader for over two decades
For the average under average person investing in only index funds is probably the best. But saying what you said is so misleading lmfao