Stock Market Woes, Losing Money & A Dream Come True
A week of fluctuating fortunes
What’s up you guys, it’s Graham here!
Well, first things first - I was able to snag a pristine first edition Tesla Roadster after losing a nerve-racking bidding war. The cherry on top was that we finally saw some green in the market after 7 weeks of absolute mayhem! The S&P 500 is up 6% over the past week giving much-needed relief.
But before we cancel the recession and go all in on the market, we have to understand if this is a bear trap and how to prepare effectively if the market takes a turn for the worst. Finally, I have put my money where my mouth is by dollar cost averaging throughout 2022 and now my portfolio is down $1.5M from its Nov ’21 top.
How I Bought A Tesla Roadster For $6,000
Never in my wildest dreams did I think that this would be possible, but I have just purchased a mint condition Tesla roadster for $6,000! Only 2,450 of these cars were produced and owning one is an absolute privilege. This was possible due to my investments made in Tesla stock back in 2019 and the gains made were used to bankroll this car. Check out the full story below!
How To Prepare for the Stock Market Volatility
This is getting out of control guys - First, Facebook drops 26% value in just one day, Netflix lost 35% overnight and finally Walmart stock suffered its biggest crash in 35 years. Volatility seems to be extremely high in the current market. Experts warn that there might be a lot more pain ahead with the planned rate hikes less than a month away. But, if you could follow a few basics strategies that I discuss here, you could come out much better in the long run!
Losing $1.5M in the stock market
Let’s be real here - Everyone always loves to talk about the insane gains they made in the stock market or how they were right calling a crash or predicting a recession! But, in a market like this, it’s important to talk about our losses as well. After all, the latest reports suggest that more than 40% of Bitcoin investors are underwater now!
Since the top of the market in Nov’ 21, my crypto and stock portfolio is down more than $1.5 Million. 2022 definitely has been a rude wake-up call for a lot of us investors. So, for full transparency, here is an update on my Crypto and Stock portfolio and what I am doing from here on out since I believe the next few months could be a great opportunity.
So that’s it for my Sunday round-up. For the new folks here, in this newsletter, I give a quick recap of whatever you may have missed over the week on Sunday, and on Wednesday, I will be doing my deep-dive article on one of these topics.
See you next week with another bunch of exciting videos!
And force of habit - Smash that like button to help others find this newsletter.
I'm glad I'm subscribed to this Newsletter!
Time to buy some $DOMO