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Showing posts from February, 2021

True Life: I'm An Impulse Buyer with a Nasty Retail Therapy Habit and an Appetite for Self-Destruction

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My Daily Market Reflection - The Stock Market Likes You On Your Birth Week This week was a special week for the world, it’s the week I was born. 30 years ago this week, I graced the world with my presence so you are all very welcome for my existence. Just kidding (or am I?). The stock market has taken some WILD twists and turns for me this week. At one point, I was up over 20% in the last five trading days (this is a lot). I’m glancing at my portfolio as I write this on a Thursday afternoon and I have to admit, this has not been the best day for me (down 5.46%). With that being said, I had HUGE gains yesterday that were entirely unsustainable so I was prepared for this healthy correction - but I’m still a little wounded. I still think that I will be in the green for the week come tomorrow at the closing bell. Right now, I’m up 9.3% this week and my weekly goal is at least 5% so I guess I’m doing alright. How are your stocks moving this week? Drop it in the comments! I'm NOT a Save

Who Needs a Formal Education When You've Got Youtube and Podcasts?

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  My Daily Market Reflection - The Market is an Ecosystem: On Friday the market saw one of the worst pullbacks since October. My portfolio was not immune to this. In fact, my stocks dropped a whopping 5.5% (this is a lot for one day) and continued to do so in the aftermarket. The reason? Reddit users and their quest to screw over the rich man. Believe me, I get it and I’m all for knocking the rich down a peg but the stock market is like an ecosystem and when there is a disruption to the system, it creates a ripple effect. If you don’t know about the whole Reddit scheme, I’ve included an image that explains it quite well (I did not make this image). Here’s why it’s problematic not only for the rich: When the rich lose, we all lose and the rich will never lose for long. These Reddit users’ main intention was not to make money, but to take revenge on rich investors and hedge funds that do in fact manipulate the market for their own personal gain all the time (I’ll come back to this). Soun