Stock Market Crash of 2008

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  • čas přidán 15. 12. 2019
  • This video shows the events of the 2008 financial recession. This event affected the whole world and cause major indices to fall about 40% from their highs and took several years to recover. This video is to show the dangers of investing and how no matter what low-risk stock you own, a crash of this magnitude has happened and can happen again so there is no such thing as a no-risk investment. Many companies went into bankruptcy, including bank giant Lehman Brothers, and many others were damaged for many years to come. The closest thing to the 1929 depression, the 2008 recession is the closest thing to the end of capitalism the United States has seen in the 21st century. I hope viewers can take away the notion that investing carries high risk, and you could lose everything if you are not diversified. I don't make any money because of the song I used so please feel free to Venmo if you enjoyed it at Miles102
  • Krátké a kreslené filmy

Komentáře • 18K

  • @dannycheek5240
    @dannycheek5240  Před 3 lety +4651

    I don't make any money from the videos because of the song so feel free to Venmo me at Miles102 if you enjoyed it! Thank you!

    • @dailygrsbstocic9622
      @dailygrsbstocic9622 Před 3 lety +32

      22 mins ago....kinda sus....

    • @animefan701
      @animefan701 Před 3 lety +37

      Congratulations this video is playing with youtube algorithm.

    • @slippytricks3020
      @slippytricks3020 Před 3 lety +2

      Considering you used media from that time. Do something with the media and gamestop(or whatever else sounds good) with clips from that if that is your style.

    • @evananglim3683
      @evananglim3683 Před 3 lety +17

      The next economic implosion is going to make this look like a walk in the park.

    • @premanand7803
      @premanand7803 Před 3 lety +5

      Make a video on how fast these stocks went up & where was its peak from the dip

  • @rf9645
    @rf9645 Před 6 měsíci +5180

    My biggest regret is not buying stocks during this crash because I was 6 years old.

    • @cc3
      @cc3 Před 5 měsíci +291

      You could have used those profits to invest in bitcoin at age 11

    • @anonymousfx5254
      @anonymousfx5254 Před 5 měsíci +83

      "You're getting rich when you're buying. Not when you are selling"

    • @Uffhhirrr
      @Uffhhirrr Před 5 měsíci +6

      You can invest now

    • @kremlincapital
      @kremlincapital Před 5 měsíci +10

      Me too
      But I started investing in Russian stocks when the market was low after the war started

    • @anonymousfx5254
      @anonymousfx5254 Před 5 měsíci

      @@kremlincapital stock market is for l osers. It will not give you good results. If you wish to double or make half of your investments monthly- get into Crypto trading, but only with Futures, not spot. Don't just buy crypto and hold it. Instead invest in futures contracts for crypto(price movements), this way you can earn money on price movement of certain asset, including when price goes down.

  • @HodgeChris
    @HodgeChris Před 11 dny +710

    The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

    • @Pamela.jess.245
      @Pamela.jess.245 Před 11 dny +2

      Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.

    • @carssimplified2195
      @carssimplified2195 Před 11 dny +2

      You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io Před 11 dny +2

      Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

    • @carssimplified2195
      @carssimplified2195 Před 11 dny +1

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io Před 11 dny +1

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @ElenaFrankfurter
    @ElenaFrankfurter Před 3 dny +1623

    I've learned that every market downturn presents an equivalent opportunity for those informed and prepared. How can I best invest $100K to improve my portfolio's overall performance next year?

    • @WestonScally7614
      @WestonScally7614 Před 3 dny +3

      I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash

    • @SageMadsen
      @SageMadsen Před 3 dny +2

      The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, investment advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.

    • @Redwood4040
      @Redwood4040 Před 3 dny +2

      Who is the coach that advises you? I'm in urgent need of one; my stock portfolio is still in the red, even though there was an early boost this year.

    • @SageMadsen
      @SageMadsen Před 3 dny

      *Jennifer Leigh Hickman* She's been able to gain some reputation with over a decade of experience, so it shouldn't be a hassle to find basic information on the web.

    • @SageMadsen
      @SageMadsen Před 3 dny +1

      *Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

  • @benjaminsmith3469
    @benjaminsmith3469 Před 12 dny +1190

    I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

    • @alicegomez7232
      @alicegomez7232 Před 12 dny +1

      Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

    • @carter3294
      @carter3294 Před 12 dny +1

      No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

    • @stevensmiddlemass2072
      @stevensmiddlemass2072 Před 12 dny +1

      Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

    • @carter3294
      @carter3294 Před 12 dny +4

      Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @Emily-le2op
      @Emily-le2op Před 12 dny +1

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  • @Coreyahno
    @Coreyahno Před 3 lety +5549

    I had absolutely no idea this was even happening in the world at the time. I was just in my room playing Modern Warfare throughout the entire crash.

    • @Coreyahno
      @Coreyahno Před 3 lety +74

      @@jendrizzyy Yeah, that too! The Sims games have always eaten up a lot of my time.

    • @leeshepherdtrading
      @leeshepherdtrading Před 3 lety +40

      Best place to be. Best thing to do. 👍

    • @sourcesymbiosismetamorphis2228
      @sourcesymbiosismetamorphis2228 Před 3 lety +46

      I was on my PC playing the online multiplayer 2d side scroller "MapleStory".

    • @BigdawgR6R1
      @BigdawgR6R1 Před 3 lety +33

      I was sporting a new Yamaha R6 I bought while landing an IT desktop job at Chase. I had no damn clue

    • @jinnij9721
      @jinnij9721 Před 3 lety +125

      I was in high school no idea wtf was going on. Family was poor so it didn't effect that much lol

  • @trilingualkid
    @trilingualkid Před 2 lety +9282

    "8% drop"
    Crypto traders be like...rookies numbers...

  • @Peterl4290
    @Peterl4290 Před měsícem +3024

    Fantastic video! I genuinely have a query. How would you suggest that we enter the market for someone with less than $300,000 to invest? Instead of making an emotional investment and losing money, I plan to observe certain traders and adopt their method. How do you feel about this strategy?

    • @larrypaul-cw9nk
      @larrypaul-cw9nk Před měsícem +2

      The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

    • @Mrshuster
      @Mrshuster Před měsícem +4

      True, until their own emotions burn them out, many people minimize the importance of advisers. I needed a big boost to keep my firm afloat following my protracted divorce, so a few summers ago, I looked for licensed consultants and found someone with the highest qualifications. Despite inflation, she has assisted in increasing my reserve from $275k to $850k.

    • @sabastinenoah
      @sabastinenoah Před měsícem +1

      How do I get involved in this? I am excited to take part because I genuinely want to build a stable financial future. Who is the main inspiration behind your accomplishments?

    • @Mrshuster
      @Mrshuster Před měsícem

      Vivian Carol Gioia is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @sabastinenoah
      @sabastinenoah Před měsícem

      Thank you for sharing, I must say, Vivian appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.

  • @rannyorton
    @rannyorton Před 10 dny +575

    I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

    • @belljoe
      @belljoe Před 10 dny +1

      I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

    • @smithlenn
      @smithlenn Před 10 dny

      I thought about investing in the financial market, I heard that people make millions if they know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.

    • @latanyaconlontl5849
      @latanyaconlontl5849 Před 10 dny +1

      Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000

    • @dawsondanny990
      @dawsondanny990 Před 10 dny

      TRUMP2024

    • @latanyaconlontl5849
      @latanyaconlontl5849 Před 8 dny +2

      The best course of action if you lack market knowledge is to ask a consultant or invest-ing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

  • @D-Man_Jam
    @D-Man_Jam Před 2 lety +7887

    Dude, I remember 2008. Yet this footage looks straight out of 1997

    • @gabrielc7861
      @gabrielc7861 Před 2 lety +59

      reminds me of *big shot* soda *1997* ad

    • @retrosking
      @retrosking Před 2 lety +13

      This quality look better than currents

    • @nightnday6675
      @nightnday6675 Před 2 lety +28

      On top of that your probably watching it on your phone which boosts the image quality.

    • @D-Man_Jam
      @D-Man_Jam Před 2 lety +3

      @@nightnday6675 Dont know if the J3 has that kind of firepower

    • @anthonyw9129
      @anthonyw9129 Před 2 lety +26

      I know and 90s footage looks like its the 80s

  • @RubySapior
    @RubySapior Před 3 lety +20834

    If this were to happen now, Robinhood would simply suspend trading.

    • @WyattWinters
      @WyattWinters Před 3 lety +906

      Simply built different

    • @tigertim719
      @tigertim719 Před 3 lety +1643

      Nono. Cannot sell, but only buy.

    • @Yeesack
      @Yeesack Před 3 lety +403

      If they suspended trading but the opposite way this this time where u couldn’t sell they would get hammered so hard by lawsuits because there’s no excuse or loophole like saying “volatility”

    • @ulriklm1
      @ulriklm1 Před 3 lety +21

      zing!

    • @jieelyuu
      @jieelyuu Před 3 lety +37

      It didn’t happen in the 2020 crash though

  • @jerrycampbell-ut9yf
    @jerrycampbell-ut9yf Před měsícem +2743

    I’m a god of devaluation, I buy it and it goes down! Why I can't make earnings is beyond me. It can be annoying how volatile the market is. How can I ride this fresh wave of all-time highs without getting burned again with $450k set aside to get fully invested this year?

    • @Peterl4290
      @Peterl4290 Před měsícem +2

      from my study, 90% of the time in an election year, the stock market stays positive for quite a long time. 2024 is no exemption, but it is better to be guided, ideally by a well experienced and licensed advisor

    • @larrypaul-cw9nk
      @larrypaul-cw9nk Před měsícem +1

      Certain Mag 7 companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.

    • @Mrshuster
      @Mrshuster Před měsícem

      this is all new to me, where do I find a fiduciary, can you recommend any?

    • @larrypaul-cw9nk
      @larrypaul-cw9nk Před měsícem +1

      Amber Dawn Brummit who i work with and she is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.

    • @Mrshuster
      @Mrshuster Před měsícem +1

      Cheers buddy. Smart and great looking lady. Hopefully will my time. I left messages, was told to expect feedback. Thank you.

  • @mohican-jx6fx
    @mohican-jx6fx Před rokem +2687

    A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

    • @legacymedia8468
      @legacymedia8468 Před rokem +3

      You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.

    • @judynewsom1902
      @judynewsom1902 Před rokem +2

      @@legacymedia8468 On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $150k since then.

    • @judynewsom1902
      @judynewsom1902 Před rokem +2

      My advisor is "Sharon Louise Count" , a renowned figure in her line of work. I recommend researching her credentials further

    • @neverbrokeagain7701
      @neverbrokeagain7701 Před měsícem

      Yeah I used corona crash as much as I could and gonna do a lil miracle with the halving ;)

    • @goatfood1504
      @goatfood1504 Před 22 dny

      Scam scam scam

  • @hallertyler38
    @hallertyler38 Před 2 lety +22293

    I went through this as a poor kid, so I didn’t even have a quality of life change at all. It was amazing.

    • @Meezyb33
      @Meezyb33 Před 2 lety +1743

      Same here! I would get scared when people talked about how everyone was losing money all while everything at my house was the exact same lol

    • @mikealaniz7236
      @mikealaniz7236 Před 2 lety +846

      Oh it affected you. It made it way harder to move up out of where you were.

    • @Meezyb33
      @Meezyb33 Před 2 lety +264

      @@mikealaniz7236 I’m making 79k with adt, I’m up12% on my portafolio. I learned from their mistakes

    • @mikealaniz7236
      @mikealaniz7236 Před 2 lety +426

      @@Meezyb33 good. Remember the biggest mistake everyone made is trying to own a house that you couldn’t really afford.

    • @Meezyb33
      @Meezyb33 Před 2 lety +102

      @@mikealaniz7236 we weren’t going anywhere lol

  • @joshuanbray
    @joshuanbray Před 3 lety +3089

    Bitcoin: "aaaaand we're down 34 percent today"
    Everyone: "sounds good"

    • @patrikbartos6483
      @patrikbartos6483 Před 3 lety +243

      time to buy

    • @AmandaVieiraMamaesouCult
      @AmandaVieiraMamaesouCult Před 3 lety +163

      Just another Tuesday

    • @MudHut67
      @MudHut67 Před 3 lety +28

      No, no one says "sounds good" when that happens, and it doesn't happen every other day. Plenty of people get rekt by such corrections. It's only not a gigantic deal right now because we're in a bull market, but that's going to end this year at some point.

    • @joshuanbray
      @joshuanbray Před 3 lety +85

      @@MudHut67 If you're not saying "sounds good" during any 34% move to the downside, whether it be in a bull or bear market, you need to either seriously reevaluate your investing/trading strategy, or realize crypto is not for you.

    • @MudHut67
      @MudHut67 Před 3 lety

      @@joshuanbray Do explain how a 34% move downward is a good thing if your bags are already full?

  • @HafezBd
    @HafezBd Před 11 měsíci +3675

    This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

    • @AustinReid09
      @AustinReid09 Před 11 měsíci +5

      Due to their access to both the necessary strategy for making money in this industry and unreleased insider market information, professionals are currently dominating.

    • @patrickperez7387
      @patrickperez7387 Před 11 měsíci +6

      Remind yourself of this occasionally. Both good and awful days exist. Although it's a zero-sum game, remember to diversify your holdings and make good financial decisions with your spending and investing. This will ensure that when one performs poorly, the others do as well. This can be done by working with a qualified professional whose platform offers a variety of investment opportunities. You may even end up with more as a result, leaving little space for remorse.

    • @patrickperez7387
      @patrickperez7387 Před 11 měsíci +4

      @@godof-ou1dw It's amusing that you brought it up because I completely understand. Look up Ruth Loralann Brennan; she was in the news a lot in 2020. I'm not sure if I can say this. She oversees the management of my investments as well.

    • @williamporter5333
      @williamporter5333 Před 11 měsíci +2

      @@patrickperez7387 I carefully searched for Ruth online and read glowing reviews about her professional background before I came across her website. Thanks

    • @krisfalkenberg
      @krisfalkenberg Před 10 měsíci +1

      Truth unites
      Walls don't keep the peace, who (x) lives behind fear; fear of one-self , for it denies the truth an another, that nothing lives over its shoulders, that walls discriminate, that only truth will unite. There's land for the wholly, that the consciousness unites with it, and the land, the wholly, that it provides under Yahweh, under a light an under principle for life to prosper, but a dry land is of the resentful and deceitful; that the future lays with the sincere.

  • @lawerencemiller9720
    @lawerencemiller9720 Před 2 měsíci +911

    I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?

    • @alexyoung3126
      @alexyoung3126 Před 2 měsíci +7

      Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.

    • @johnlennon232
      @johnlennon232 Před 2 měsíci +1

      I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

    • @jessicamoore3093
      @jessicamoore3093 Před 2 měsíci +1

      Your advisor must be really good, how I can get in touch with them as my porfolio isnt doing well.

    • @jessicamoore3093
      @jessicamoore3093 Před 2 měsíci +1

      Thank you so much! I found her webpage and left a message. Hopefully, she responds

    • @marcelmk9701
      @marcelmk9701 Před 2 měsíci +19

      First rule: do not look for advice in any social media, forum or video platform

  • @theninethrees8044
    @theninethrees8044 Před 2 lety +6507

    In 2008, I was buying GTA IV at Gamestop
    In 2021, I’m buying Gamestop while playing GTA

    • @AbdoZaInsert
      @AbdoZaInsert Před 2 lety +119

      Finest GTA & Finest stock

    • @thegreat9481
      @thegreat9481 Před 2 lety +46

      Gta 4 was the best

    • @throneborn
      @throneborn Před 2 lety +88

      In 2008 I was going to amc theaters to watch movies.
      In 2021, I'm part owner of amc and looking forward to the movie about how I became that

    • @Crackuser69
      @Crackuser69 Před 2 lety +7

      And also rebuying gta 5 for ps5💀

    • @Ozgerkocdemir
      @Ozgerkocdemir Před 2 lety +15

      Soon you Will be making money playing GTA with them bringing Crypto in to the game.

  • @arekkusubasu4483
    @arekkusubasu4483 Před 3 lety +8105

    *stock market plunged 10%*
    “WE’RE ALL GONNA DIE!!!”
    *Crypto losing 30% every hour*
    “It’s fine”

    • @resistorstudios
      @resistorstudios Před 3 lety +760

      And back up 50% , just another Wednesday

    • @georgeesquivel7725
      @georgeesquivel7725 Před 3 lety +94

      It's so damn true tho 😂

    • @Dilabun
      @Dilabun Před 3 lety +89

      The only Crypto I can think of that volatile is doge coin

    • @insomnia20422
      @insomnia20422 Před 3 lety +173

      GME losing 75%
      HOLD HOLD HOLD - TO THE MOON

    • @ryugurena3327
      @ryugurena3327 Před 3 lety +85

      GME has really made me immune to volatility

  • @martymcyourflysdown6872
    @martymcyourflysdown6872 Před 9 měsíci +15

    “worst day on wall street”.
    What they mean is worst day for retail, best day for wallstreet and short sellers who caused it.

  • @Bianca.rantzsch
    @Bianca.rantzsch Před rokem +1152

    These institutions were reckless where they took a risk with less capital and their funding was short-term. The investment banks concentrated on high-risk high-return businesses where they made huge profits. They exposed themselves to subprime lenders where they sold securities related to mortgages as well as financial products without minding the risks involved. Many of the institutions did not have strategies for effective management that could have reduced most of the challenges and losses. The excess borrowing, involvement in risky investments as well as lack of transparency led to the crisis in the financial system. It makes me question whether it is appropriate or even secure to rely solely on the analyses.

    • @joecaruso06
      @joecaruso06 Před rokem

      What we know about the global financial crisis is that we don't know very much.

    • @maryalchester
      @maryalchester Před rokem

      Bianca Rantzsch | Your Way of Life Yes I do agree with all you've said there may have been avoidable mistakes but coming from a personal experience, the prominence of institutional or basic financial education and managers cannot be exaggerated. Markets are oceans not lakes. Take myself, having encountered my fair share of bad trades, I was able to realize how timing, capital, entry and a lot more are essential. Now, I have a $122k portfolio averaging a 12% monthly roi in less than a year following - Yvonne Annette Lively's guide so I do know the importance of basic knowledge and delegation.

    • @Gregfreemann
      @Gregfreemann Před rokem

      @@maryalchester Was she on a fin-pod recently? Talked about management policies with Tate? Crazy how she keeps soaring with the roi. Whats her charge on commission? I mean Yvonne Annette Lively

    • @mvanwie
      @mvanwie Před rokem

      @@Gregfreemann Just looked her up. Records are detailed but wouldn’t comm. be sorta pricy for 11% m-roi?

    • @aliyunko9689
      @aliyunko9689 Před rokem

      @@mvanwie Insha Allah. Thank for info

  • @Muslifts
    @Muslifts Před 3 lety +11256

    If this was to happen now . Everyone would be like 'buy the dip, we going to the moon'

    • @scottiZepidemic
      @scottiZepidemic Před 3 lety +1896

      Well those that held thru the 2008 dip would be banking right now

    • @iambaguette4963
      @iambaguette4963 Před 3 lety +128

      Smort

    • @VALIS538
      @VALIS538 Před 3 lety +88

      Exceeding expectations? Some people not destined to be rich

    • @rasmusgreen6254
      @rasmusgreen6254 Před 3 lety +112

      And how would that have worked out long term for those people

    • @llumar100
      @llumar100 Před 3 lety +184

      @@scottiZepidemic market is make money easily but need time

  • @russellpuff1996
    @russellpuff1996 Před 3 lety +1079

    "The opening bell is about to ring in 5 seconds, but to be honest with you, I wish it wouldn't." I'm fucking dead. XD

    • @dannycheek5240
      @dannycheek5240  Před 3 lety +20

      Its the best part of the vid. Make sure to subscribe!

    • @soldiernew5187
      @soldiernew5187 Před 3 lety +14

      @SEAN PETAIA around 1:25
      P.S.
      Buy AMC stock

    • @ScottRothsroth0616
      @ScottRothsroth0616 Před 3 lety +3

      Timestamp 1:16.

    • @realSamAndrew
      @realSamAndrew Před 2 lety +5

      RIP Mark Haines. He also called the bottom on the exact day. They just sold an NFT for that clip from 2009.

    • @soldiernew5187
      @soldiernew5187 Před 2 lety +1

      @@realSamAndrew wonder who will get it this year? Cramer? Pftttttt 🤣

  • @williamculligan
    @williamculligan Před 9 měsíci +616

    Often times the best way to outperform the market amidst fall is usually to earn more and wait it out, but considering how down bad we are soaring inflation, I’m on the clock and I can’t help but panic considering I should be retiring soon, how do I grow my stagnant reserves of $3million I’m running out of options.

    • @Gabrielle..
      @Gabrielle.. Před 9 měsíci +3

      Things are actually way worse than the government admits it is, y’all stay safe out there hope we don’t end up in hyperinflation.

    • @williamculligan
      @williamculligan Před 9 měsíci

      I’d really appreciate the information, finding your financial advisor was a simple process. Before we planned our phone call, I made a research of his full names online, based on his online resume he appears to be smart and well accredited..

    • @luis-gabriel1
      @luis-gabriel1 Před 9 měsíci

      I've been making more than six figures passively investing with John Desmond Heppolette, who showed me the right community to join and grow mv finances and I don't have to do much work. It doesn't matter if the market is crashing, I will always make returns.

    • @nick9602
      @nick9602 Před 8 měsíci +1

      Don’t fall for these bullshit bots people^^^this “john” person is probably just a scammer😂 You can find similar comments made by other bots referring to different scammers all over this comment section and one like it. It’s really pathetic what lengths some people will go to just to scam.

    • @sabalisigns4474
      @sabalisigns4474 Před dnem

      You "guys" (bots) forgot to put your comments in order. If you are trying to scam at least reply to his comment AFTER he posts not BEFORE

  • @jetkastrokdova
    @jetkastrokdova Před 9 měsíci +1437

    Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment..,

    • @MarkMilley810
      @MarkMilley810 Před 9 měsíci +1

      ,Big moving stochastics are not the secret to high returns. It involves controlling risk in relation to reward. Putting on the proper size and spinning your edge as many times as required to achieve your objective. That is valid for both day trading and long-term investments?

    • @MarthaDavis-fh6cw
      @MarthaDavis-fh6cw Před 9 měsíci +5

      @@MarkMilley810

    • @leonarodwell
      @leonarodwell Před 9 měsíci +1

      @@MarthaDavis-fh6cw Please can you leave the info of your investment advisor here? I’m in dire need for one.🙏

    • @MarthaDavis-fh6cw
      @MarthaDavis-fh6cw Před 9 měsíci +7

      @@leonarodwell ,,,Sure, the advisor that guides me is ''Charlotte Anne McConnell' she's well-grounded and known, shouldn't be a hassle finding her page, just look her up.>>>

    • @leonarodwell
      @leonarodwell Před 9 měsíci +2

      @@MarthaDavis-fh6cw seen her web page on the Net, thank you so very much.🙏

  • @kshitijgenext
    @kshitijgenext Před 2 lety +3902

    Wall street traders at 25% drop : Craziest day ever
    Crypto traders : First time?

    • @zarrowthehorse
      @zarrowthehorse Před 2 lety +87

      Wow what a funny joke. it's not like this entire common section is making the same one.

    • @jameswarlock1242
      @jameswarlock1242 Před 2 lety +18

      That’s because Crypto trading is a joke to anyone who is in actual real assets unlike Cryto crypto all i need is a good hardware and software and I can hack into anyone’s account it’s out there and it’s been proven many times but

    • @pattieshow942
      @pattieshow942 Před 2 lety +15

      Meanwhile crypto who dropped nearly -50% - 😐😐

    • @diderot555
      @diderot555 Před 2 lety +53

      Yeah, because behind stocks there are real companies, with real assets and products, and behind crypto there's absolutely NOTHING, pure speculation on a casino level.
      So don't be so proud to be a "crypto trader".

    • @kshitijthapa2205
      @kshitijthapa2205 Před 2 lety +5

      Coz Wallstreet traders actually buy and sell companies.

  • @iamthewalrus.
    @iamthewalrus. Před 3 lety +10167

    Everyone: WE ARE LOSING MONEY
    Me: stonks on discount

    • @jonboybilly
      @jonboybilly Před 3 lety +519

      This is the way.

    • @xChemistryFTWx
      @xChemistryFTWx Před 3 lety +512

      Ok, but seriously, this is why you keep some cash on the sidelines. So you can capitalize on periods of market weakness

    • @surajpatil7441
      @surajpatil7441 Před 3 lety +36

      @@xChemistryFTWx gold is better than cash

    • @nicholasrickhoff2912
      @nicholasrickhoff2912 Před 3 lety +240

      @@surajpatil7441 What broker do you use that accepts gold?

    • @broxxad
      @broxxad Před 3 lety +53

      @@nicholasrickhoff2912 he probably means gold etf

  • @ExxonMobilCompany
    @ExxonMobilCompany Před rokem +566

    Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency.
    With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.

    • @charlotteflair1043
      @charlotteflair1043 Před rokem +2

      It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimise risks and maximise gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.

    • @obodoaghahenry9297
      @obodoaghahenry9297 Před rokem +1

      @@jamesvigor6409 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.

    • @nela5250
      @nela5250 Před rokem

      How can you lose a grip you never had. US Gov is grasping nothing but air at the THOUGHT of controlling Federal Reserve. With the way things are going 2008 crash about to like a scarp on the knee type of issues.

  • @Josh-Jones
    @Josh-Jones Před 8 měsíci +20

    And then came the fed to the rescue, creating the biggest bubble in history

  • @Ventus7777
    @Ventus7777 Před 3 lety +2473

    Meanwhile in the crypto market: whole market lost 30% it's value in 3h- "This fine we going to the moon boyz! 🚀"

  • @ZenTradeGame
    @ZenTradeGame Před 3 lety +3923

    Young Me 2008: Why are all these old people freaking out ? 😂
    Me Now: I should’ve bought that dip 😭

  • @Americanpatriot723
    @Americanpatriot723 Před rokem +1258

    There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.

    • @MIchaelGuzman737
      @MIchaelGuzman737 Před rokem +2

      It takes some gut to really remain in the market despite downturns and all. So just find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

    • @sommersalt88
      @sommersalt88 Před rokem +4

      The market's uncertainty is one of the reasons I have my daily investment decisions guided by an investment advisor, as their skill set is built around going long and also shorting the market to maximize returns, both employing profit-oriented strategy and laying off risk as a hedge against inevitable downtrends, and when combined with exclusive analysis, it's nearly impossible not to outperform. Since the 2020 pandemic, I've made more than $1.5 million after subsequent investments thus far.

    • @kashkat987
      @kashkat987 Před rokem

      @@sommersalt88 This is exactly what I want to do now too. Can I get access to your investment advisėr?

    • @sommersalt88
      @sommersalt88 Před rokem +4

      Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

    • @kashkat987
      @kashkat987 Před rokem +1

      @@sommersalt88 This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

  • @elvismark5172
    @elvismark5172 Před rokem +2578

    Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong and trustworthy portfolio in order to produce passive income.

    • @AnthonyHart34
      @AnthonyHart34 Před rokem +6

      Without a doubt, the Fed is to blame for the exceptional catch-up measures currently in place since they were initially too slow to control inflation. The outbreak, supply-chain issues, and the state of Ukraine are all contributing reasons to the impending inflation perfect storm. Not to mention the steep rise in housing costs, another aspect that makes it difficult for the Fed to keep inflation under control. In conclusion, if you have the money, remove it quickly away to take advantage of the high savings rate.

    • @mattandersen2458
      @mattandersen2458 Před rokem +5

      The issue is this! People with little to no experience in the stock market commonly try to buy on their own. Prior to doing the correct thing and getting in touch with financial advisor Ruth Loralann Brennan
      in the US, I had the notion, but now everything is different. I began seeing incredible returns on my investment.

    • @lewisberg8911
      @lewisberg8911 Před rokem +5

      @@mattandersen2458
      Although this is impressive, I really need their help because my portfolio is in such bad form. Please let me know how I can contact her.

    • @mattandersen2458
      @mattandersen2458 Před rokem +3

      @@lewisberg8911 She is a highly sought-after advancer, so I'm not sure if she accepts new applicants, but you can try. You can look her up on her website even though it wouldn't be appropriate to simply give out her phone number.

    • @belginberk3443
      @belginberk3443 Před rokem +3

      @@mattandersen2458 I checked her out after reviewing her credentials and resume and can see why you said she was probably booked up. Nonetheless, I scheduled a meeting with her.

  • @SmittyFan
    @SmittyFan Před 3 lety +716

    I remember sitting at A restaurant when it happened and being so poor I saw no change in my life at the time🤯

    • @bullmeatt
      @bullmeatt Před 3 lety +38

      little did you know, your wages were devalued, meaning your time, life, skills and well being were devalued

    • @bigrobwazhere6268
      @bigrobwazhere6268 Před 3 lety +8

      @@bullmeatt eh....

    • @MrBrno
      @MrBrno Před 2 lety +19

      @@bullmeatt to those of us who are poor, the stock market crashing doesn't change our lives.

    • @greatkentuckian9032
      @greatkentuckian9032 Před 2 lety +2

      Its weird that the worst economic downturns always happen in the Fall.

    • @Yophillips3272
      @Yophillips3272 Před 2 lety +3

      Yeah my family were already poor we didn't give a crap. It actually made it easier to find a job once things started moving again, same as now.

  • @metaketan
    @metaketan Před 3 lety +8036

    That's a normal day for crypto traders.

  • @doriradden483
    @doriradden483 Před 4 měsíci +438

    *Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.*

    • @BRAINBABBOTT-2233_
      @BRAINBABBOTT-2233_ Před 4 měsíci

      Gold and copper remains the best investment to venture in, especially as a beginner, it’s not always affected by the downturn of the market

    • @daviddayerl9381
      @daviddayerl9381 Před 4 měsíci

      ​@@BRAINBABBOTT-2233_I won't recommend gold and coop although it's a good investment. I'II suggest digital assets as it's the best future investment. It's advisable to seek financial assistance based on your available capital and area of interest or preference.

    • @DavisFreeman-nu1cu
      @DavisFreeman-nu1cu Před 4 měsíci +1

      I don’t rust them. They all gamble about the same thing which they are not even sure of. It's a waste of time

    • @ArturoM.Dykstra-55
      @ArturoM.Dykstra-55 Před 4 měsíci

      ​@@MichaelPraise-bm3dmFinding financial advisors like
      Patricia strain who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

    • @ArturoM.Dykstra-55
      @ArturoM.Dykstra-55 Před 4 měsíci

      Patriciastain

  • @DanielPanuzi
    @DanielPanuzi Před 7 měsíci +288

    What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.

    • @RickWatson-xu6gw
      @RickWatson-xu6gw Před 7 měsíci +4

      Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor

    • @albacus2400BC
      @albacus2400BC Před 7 měsíci +3

      The US-Stock Market had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled markets, but there are avenues lurking around if you know where to look I’ve netted over $450k in the past 10months.

    • @NormanGhali
      @NormanGhali Před 7 měsíci +3

      I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

    • @albacus2400BC
      @albacus2400BC Před 7 měsíci +2

      I started out with an FA named *Sharon Louise Count* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.

    • @MikeS-mt2tz
      @MikeS-mt2tz Před 7 měsíci

      Short sell so you make money as it goes down

  • @joshuad1716
    @joshuad1716 Před rokem +9867

    Crazy to see how many peoples parents lost everything…I remember my dad being cheap AF around this time telling me “all these people are broke, they can’t afford any of this, you’ll see soon” All my friends had new bikes, dirt bikes, skateboards, clothes, their parents had new cars and we had….none of that. Hand-me down everything’s, parents drove old cars so on and so forth. I was constantly bullied in school for “not having” the same things as many of my peers. I was always left out of activities because my parents refused to drown themselves in bad debt.
    While the world melted around us, we had 0 change in quality of life. If anything, everything got better as my father was able to begin his real estate investing “side hustle”. My dad perfectly predicted this and this is just one of the many many reasons my dad will forever be my hero.

    • @Jjf109nine
      @Jjf109nine Před rokem +1306

      Your Dad knew the difference between an asset and a liability.

    • @grobbler1
      @grobbler1 Před rokem +426

      A number of people near me, some in part-time jobs, lease Range Rovers and suchlike mainly for the school run and they dress up to the nines for that as well. As Warren Buffett said, ''only when the tide goes out do you discover who's been swimming naked.''

    • @XVXC-M8
      @XVXC-M8 Před rokem +111

      So you basically had a shit childhood and missed out on basically everything but got better slowly overtime. How is that any good

    • @mikepignataro8465
      @mikepignataro8465 Před rokem +662

      @@XVXC-M8 he learned a million dollar life lesson and will prosper with a high probability

    • @muziklvr7776
      @muziklvr7776 Před rokem +561

      @@XVXC-M8 It's only a shit childhood if it revolved around materialism. Most who lost everything in 2008 due to living beyond their means are still fucked to this day.

  • @mrgwd3797
    @mrgwd3797 Před 3 lety +1448

    No one went to jail and they broke the law . Once again this will happen

    • @dvelop4975
      @dvelop4975 Před 3 lety +115

      Yeah just have your savings ready to buy

    • @MrCTruck
      @MrCTruck Před 3 lety +18

      See you then mate lmao

    • @fredrik2k3k
      @fredrik2k3k Před 3 lety +97

      Hold the stonk

    • @lyon9489
      @lyon9489 Před 3 lety +16

      It feels like in this market most of the great companies have their shit together

    • @donnyzhu9659
      @donnyzhu9659 Před 3 lety +10

      Time for a big short

  • @Patriciabanks5
    @Patriciabanks5 Před 3 měsíci +503

    It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

    • @ritalorrigan
      @ritalorrigan Před 3 měsíci +4

      I believe SVB was making an effort to reorganize their bond portfolio. Yes, they would lose money if they sold their low-yielding bonds. But, they were trying to make up for it by repurchasing bonds on the open market at the higher interest rate.

    • @KevinClarke9
      @KevinClarke9 Před 3 měsíci +3

      Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time. I basically was just following the steps and guideline from my financial advisor. as long as you've professional help, you're good to go

    • @LukeMcfarlane5
      @LukeMcfarlane5 Před 3 měsíci +3

      Would you mind telling me how to contact this specific coach using their service? Unlike the rest of us, it appears you have figured everything out.

    • @KevinClarke9
      @KevinClarke9 Před 3 měsíci +3

      Carol Vivian Constable is the licensed advisOr I use. Just research the name. You’d find necessary details to work with to set up an appointment

    • @LukeMcfarlane5
      @LukeMcfarlane5 Před 3 měsíci +2

      I appreciate this, man. I'll look her up, and I hope I'm able to reach her.

  • @SHARKNADO_2006
    @SHARKNADO_2006 Před 9 měsíci +13

    I can't believe I lived during this as a young kid. It doesn't even feel like it happened to me

    • @user-ex7lc2rc4l
      @user-ex7lc2rc4l Před 9 měsíci

      Because you were not earning or incesting. Use ur senses broo

    • @SHARKNADO_2006
      @SHARKNADO_2006 Před 9 měsíci

      @@user-ex7lc2rc4l no shit

  • @ouffouff7374
    @ouffouff7374 Před 2 lety +8141

    Don’t you love it when you experience two “once in a lifetime crashes” in less than 20 years? What an amazing system we live in!

    • @Shvabicu
      @Shvabicu Před 2 lety +541

      It is amazing because these are opportunities of a lifetime

    • @rawk2058
      @rawk2058 Před 2 lety +171

      Ignorantly Defending the system and dreaming

    • @peterpete4631
      @peterpete4631 Před 2 lety +79

      Lol, is there another system? One that works better? Covid could not be avoided, since it's human-related. You'd die working for another kind of economic system, but you'd still die. Same thing goes for 2008. You can change the system, but you can't change the way people are. They've been greedy, there weren't enough controls at the time. Just change the system, add controll. But people will still be as greedy, and will find another way to fuck up, trust me. We aren't as smart as we think, we are just evolved monkeys that constantly try to hide their animal instincts.

    • @KainDestinedAscension
      @KainDestinedAscension Před 2 lety +300

      @@peterpete4631 there is another system, it's called a scary word for americans, that being socialism

    • @dylanung3158
      @dylanung3158 Před 2 lety +267

      @@Shvabicu Wouldn't call it opportunity of a lifetime when millions lose their jobs. Sure you can buy the dip but that's assuming you have enough cash to invest and survive the recession

  • @smartcontract7929
    @smartcontract7929 Před 3 lety +791

    The legend says that same day Satoshi locked himself in his room with his computer.

    • @RaulDragonLord
      @RaulDragonLord Před 3 lety +85

      @@DaveReithmiller1983 yes, clearly. lol

    • @Jessrobbie
      @Jessrobbie Před 3 lety

      Trading in crypto or stock require an expert, account analyst or you win today and below off your entire account the next day. That's why you need expert like Tracy Monroe trade for you 👌

    • @kelvinroyy9196
      @kelvinroyy9196 Před 3 lety

      @@Jessrobbie Hey
      I did invested with her , i made huge profits
      Thanks for recommending her

    • @muhdgarba5503
      @muhdgarba5503 Před 3 lety +1

      @@Jessrobbie Hey can you connect me to her?

    • @Jessrobbie
      @Jessrobbie Před 3 lety +1

      @Leila Denmark wow surprised.. I thought people don't about her

  • @charleskaren3948
    @charleskaren3948 Před 8 měsíci +232

    If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

    • @pierrelouis6841
      @pierrelouis6841 Před 8 měsíci

      The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

    • @nicolasadrien5100
      @nicolasadrien5100 Před 8 měsíci

      The stock market rally run is gone, but I'm not
      sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.

    • @gabrieljules2424
      @gabrieljules2424 Před 8 měsíci +1

      ​@@nicolasadrien5100the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

    • @guillaumeclement2363
      @guillaumeclement2363 Před 8 měsíci

      Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

    • @adrienjulien5573
      @adrienjulien5573 Před 8 měsíci

      Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5

  • @williamyejun8508
    @williamyejun8508 Před 7 měsíci +286

    I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.

    • @alexyoung3126
      @alexyoung3126 Před 7 měsíci +2

      This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.

    • @jessicamoore3093
      @jessicamoore3093 Před 7 měsíci +2

      Wow! This is great! How about you recommend your financial advisor, please? I could really use some help.

    • @jessicamoore3093
      @jessicamoore3093 Před 7 měsíci +2

      Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @itsmitch2162
    @itsmitch2162 Před 3 lety +877

    So, I graduated high school in 2009, and my parents didn’t understand why I had a hard time finding a job. Reference for my parents:

    • @jinyboi
      @jinyboi Před 3 lety +42

      But we are in 1998

    • @KiRMett
      @KiRMett Před 3 lety +37

      Did they not watch the news back then?

    • @itsmitch2162
      @itsmitch2162 Před 3 lety +13

      @@KiRMett lol apparently not

    • @KiRMett
      @KiRMett Před 3 lety

      @@itsmitch2162 🤣

    • @s1n-n3d
      @s1n-n3d Před 3 lety

      how are you now?

  • @tripnils7535
    @tripnils7535 Před 3 lety +518

    "OMG Apple down 7%, Ebay down 6% panic!!!"
    TSLA traders: "Totally normal phenomenon, will rebound eow, buy the dip stocks on discount."

    • @harwinderthakur9708
      @harwinderthakur9708 Před 3 lety +1

      That 7% or 6% carried on more than a day.

    • @harambe4656
      @harambe4656 Před 3 lety +6

      im now 47% down with NIO

    • @illitero
      @illitero Před 3 lety +2

      When you've got a CEO able to manipulate the market to his advantage because of a generally sycophantic public, then yeah, you're almost guaranteed to be fine haha

    • @tonyOn1ce
      @tonyOn1ce Před 3 lety

      Considering how big a 6 and 7 percent dip is that's very big and a lot of money.

    • @anshumaanthakur1413
      @anshumaanthakur1413 Před 2 lety

      @@illitero exactly.

  • @Cristian_M_
    @Cristian_M_ Před 3 měsíci +20

    Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life❤❤

    • @emrekutluguler4817
      @emrekutluguler4817 Před 3 měsíci

      I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me

    • @patriciaporteousmcclure2509
      @patriciaporteousmcclure2509 Před 3 měsíci

      Assets that can make you rich
      *FX
      *Btcoin
      *Stocks
      *Gold
      *Real estate

    • @antoniacollu287
      @antoniacollu287 Před 3 měsíci

      You’re right but a lot of people remain poor due to ignorance

    • @elliothammer2083
      @elliothammer2083 Před 3 měsíci

      Not because of ignorance, it’s because of the high rate of unprofessionalism in the cypto market

    • @mohammedrafi8335
      @mohammedrafi8335 Před 3 měsíci

      I’m new to cypto trding, feels overwhelming but I won’t give up on learning this. Thanks for your clear explanation from the very beginning!

  • @wilsonkrusk8652
    @wilsonkrusk8652 Před 9 měsíci +1136

    I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

    • @mateosantiago5795
      @mateosantiago5795 Před 9 měsíci

      How may I contact your Asset-coach as my portfolio is dwindling?

    • @janedaniel4646
      @janedaniel4646 Před 9 měsíci

      Thank you for this tip. It was easy to find your coach. I did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

    • @daliborlaverman9152
      @daliborlaverman9152 Před 8 měsíci

      ⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠@eminentcasper2034wow guys look eminentcasper2034 is preaching coach olivia casper lucas and they’re definitely not the same person!!

    • @NaviYT
      @NaviYT Před 8 měsíci +58

      These are scams for anyone wondering ^^^ don’t fall for it

    • @daliborlaverman9152
      @daliborlaverman9152 Před 8 měsíci

      @@NaviYT you'd have to be real stupid to fall for this tbh lmao, I feel like if u fall for this u deserve to get scammed out of ur money

  • @kodyeldridge5847
    @kodyeldridge5847 Před 3 lety +830

    "Be greedy when others are fearful."

    • @yoyob44
      @yoyob44 Před 3 lety +94

      buy when there's blood in the street, even if it's your own

    • @MrBastion1000
      @MrBastion1000 Před 3 lety +18

      Catch a falling knife

    • @jimmcneal5292
      @jimmcneal5292 Před 3 lety +22

      And fearful when others are greedy

    • @shaneness6885
      @shaneness6885 Před 3 lety +3

      Oracle of Omaha

    • @tek6423
      @tek6423 Před 3 lety +7

      Much easier said than done.

  • @joeyevans7450
    @joeyevans7450 Před 2 lety +7908

    My dad lost his job in 08 because of the crash. I’m one of 5 kids, and we were forced to live in a one bedroom apartment because that’s all we could afford. My parents are very generous with their money and donated 500-1000 dollars every year to charity. They decided in 08 that they should still give the money to charity. One month later, my dad got a call from the local high school. They hired him, he’s now the head football coach of the team, he’s won 3 state titles, and got promoted to principal, and is retiring at the age of 52 next year. Goes to show how good always comes from giving.

    • @thegodofsilence5580
      @thegodofsilence5580 Před 2 lety +721

      I’ve given 15k dollars to charity and I now live in my parents guest bedroom good does not come to those who give

    • @joeyevans7450
      @joeyevans7450 Před 2 lety +305

      @@thegodofsilence5580 be smart with what you give too; don’t give up 15,000 dollars if that’s all you have. My parents could afford giving up some money while still getting by, although it was tough in 08.

    • @tm18.
      @tm18. Před 2 lety +81

      @@thegodofsilence5580 maybe cause of what you just commented I doubt the father was expecting for his life to turn around just for giving all he could he did it cause it was a good thing to do regardless of a reward

    • @emmanuelquerol
      @emmanuelquerol Před 2 lety +29

      @@thegodofsilence5580 it won't come quickly, it'll take time.. and also, how come you had 15k but living with your parents? where did you get the money?

    • @emmanuelquerol
      @emmanuelquerol Před 2 lety +26

      @@thegodofsilence5580 it's time to be self sufficient dude, dont get close friends, just acquaintances, don't consider anybody as your close friend because there will be none, they only care about their own happiness and fun, the people close to you dont care about your suffering because they find it boring, so avoid those people.. then a few years from now, you'll be in a better situation, without the help of anybody.. succeed on your own and treat no one as your friend.. yourself is your friend who can help you in times of needs.. walk through the city streets all alone, dont look back at anyone.

  • @oneiljerry9460
    @oneiljerry9460 Před 7 měsíci +149

    I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.

    • @bobbymainz1160
      @bobbymainz1160 Před 7 měsíci +1

      That sounds great and what signal do you invest with?

    • @stephaniestella213
      @stephaniestella213 Před 7 měsíci +1

      That's awesome and please how do I connect with this broker lady?

    • @IDThief123
      @IDThief123 Před 7 měsíci

      @@alexyoung3126How can i get in contact with you

    • @MrFight6666
      @MrFight6666 Před 7 měsíci

      Don't look at it if it bugs you that much lol. The volatility this past month is nothing.

  • @shardulthakkar8233
    @shardulthakkar8233 Před 9 měsíci +1

    Whenever i have shorted the market and am feeling low i come watch this clip and it cheers me right up

  • @beanzor
    @beanzor Před 2 lety +4097

    I was 11 when this occurred. I didnt even remember this occurring but I do remember my parents talking about it at the dinner table. To many folks, 2008 was a horrible year, but to me (as a kid) It was the happiest time of my life. I just played video games, hung out with friends, watched TV, all without worry. I miss being a kid.

    • @AlexTaylorAlex
      @AlexTaylorAlex Před 2 lety +167

      '97 babies 💪
      Same here, I remember gta 4 came out that year, it was good times.

    • @sings83
      @sings83 Před 2 lety +51

      We all miss being a kid! I had just graduated college a year prior to this crash. The job market was already bad and this made it worse. We were blessed to suffer any major losses though.

    • @fuarrkk
      @fuarrkk Před 2 lety +4

      thanks for the info

    • @eccentricgamer4111
      @eccentricgamer4111 Před 2 lety +46

      Same here. I hardly remember anything about the recession, it was just business as usual for my carefree young self. Either my family was fortunate enough to avoid the worst of it or I was just too young to understand what was happening.

    • @keeratpanwar1499
      @keeratpanwar1499 Před rokem

      @Aiden same here brother

  • @DOPEdwarf
    @DOPEdwarf Před 2 lety +4932

    Family lost the house, parents divorced, mother moved into upper poverty, father moved into my grandparent's home as his business declined dramatically. I was around 10-12 years old. This whole experience still scarred me and informs so many things I do. Luckily both my mother and father recovered nicely but the paranoia is still there

    • @ginger_breadman
      @ginger_breadman Před 2 lety +105

      Huh … did they put all their money in stocks?

    • @TheCosmicGuy0111
      @TheCosmicGuy0111 Před 2 lety +74

      Welp hope they’re ready for the one to come….

    • @andis9076
      @andis9076 Před 2 lety +89

      I lost my job back than, many parents in neighbourhood as well and they have to sold their house and move to different state where they can get a job. It was really scary back then.

    • @guysumpthin2974
      @guysumpthin2974 Před 2 lety +67

      It’s not paranoia , it’s a very realistic sense of expecting disappointment/disaster. All the large banks , insurance, stock market … from so many angles added to the problem

    • @trustmebro8500
      @trustmebro8500 Před 2 lety +12

      Did your parents get back together?

  • @AmyThrash
    @AmyThrash Před 6 měsíci +4

    The only thing I remember about this crash is my church in Birmingham, AL being prepared because God had told our pastor years before that this would happen. “Economic upheaval is coming...” “People will be throwing their hands up and… jumping out of windows.”
    My church was well prepared and members had even taken their $$$ out of the stock market.
    We were also advised that God would provide for us, and he did. ❤
    Stay close to God, He will always show you things to come.

  • @user-xb8wn2gw5n
    @user-xb8wn2gw5n Před 8 měsíci +6

    Economic crash in usa
    Meanwhile black rock : 🗿

  • @kollective3608
    @kollective3608 Před 2 lety +9579

    I love how everyone’s sharing their stories. My family decided to move to America in 2007 for the American dream lmaoo, I really can’t think of worse timing.

    • @aaryanexplores5764
      @aaryanexplores5764 Před 2 lety +144

      holy moly

    • @donglebookpromax6405
      @donglebookpromax6405 Před 2 lety +561

      That timing was probably pretty good, house prices were really low

    • @land2097
      @land2097 Před 2 lety +42

      @@donglebookpromax6405 it was a bubble

    • @donglebookpromax6405
      @donglebookpromax6405 Před 2 lety +363

      @@land2097 that’s my point, it was a good time to buy right after the bubble popped

    • @muraddiab6393
      @muraddiab6393 Před 2 lety +475

      I know a guy who quit his job to pursue comedy full time four days before the pandemic hit.

  • @thomasphoenix3228
    @thomasphoenix3228 Před 3 lety +552

    "The opening bell is gonna ring in... Uh... 5 seconds and to be honest with you... We wish it wouldn't."

    • @cbz3237
      @cbz3237 Před 3 lety +4

      Thank for transcribing

    • @dadeee7776
      @dadeee7776 Před 3 lety +5

      @@cbz3237 yea this guy is a gem, I didn’t know how to translate that English into English

    • @AA-xk1uv
      @AA-xk1uv Před 3 lety +1

      Thanks for that...We none speaking english can not understand fast english.

    • @rhettmeyers474
      @rhettmeyers474 Před 3 lety +5

      CBZ323 simply highlighting a funny part from the video

    • @thomasphoenix3228
      @thomasphoenix3228 Před 3 lety +2

      @@rhettmeyers474 The only person who got it. Thank you lol

  • @Evan.280
    @Evan.280 Před 8 měsíci +4

    and none of the fuckers who let this happened will ever face jail time. we live in a rigged system

  • @GhostTraderz
    @GhostTraderz Před 2 lety +8255

    The best buying opportunity of a lifetime!

    • @mistahozzy
      @mistahozzy Před 2 lety +463

      The government bailout of banks during the crash was the main reason bitcoin was invented

    • @christopherhiggins4249
      @christopherhiggins4249 Před 2 lety +187

      @@mistahozzy Bitcoin was invented to sell from people with no trace.

    • @mistahozzy
      @mistahozzy Před 2 lety +368

      @@christopherhiggins4249 is that what cnn told you? The inventor specifically mentions the banks bail out. It’s no coincidence there’s a limited supply unlike fiat cash.

    • @christopherhiggins4249
      @christopherhiggins4249 Před 2 lety +62

      @@mistahozzy I don’t watch cnn bud. Maybe you should turn off the news.

    • @mistahozzy
      @mistahozzy Před 2 lety +153

      @@christopherhiggins4249 I never mentioned I watched the news

  • @NajibElMokhtari
    @NajibElMokhtari Před 2 lety +8867

    Crypto people be like: lol

    • @pay-o-matteo
      @pay-o-matteo Před 2 lety +45

      😩🤣🤣🤣🤣

    • @pembebulut2781
      @pembebulut2781 Před 2 lety +251

      Crypto would be worse for a short time. When a stock market crashes, it takes commodities with it. Because most of the etfs are bundled with gold and silver. Also when people have huge losses, they try to offset it by selling valuable assets like crypto. The next crash might happen next month most likely. Im keeping away from stocks or cryptos until it becomes discount price

    • @MrDan2912
      @MrDan2912 Před 2 lety +223

      Crypto people be like: aww shit, btc farted here we go again

    • @pjn-je4hb
      @pjn-je4hb Před 2 lety +63

      @@pembebulut2781 Next month most likely. Hahahahaah sure.

    • @pembebulut2781
      @pembebulut2781 Před 2 lety +28

      @@pjn-je4hb evergrande is like china’s lehman brothers. When did Lehman brothers filed bankruptcy? In September. When did stock market crash? In October. There are more companies like evergrande that are about to collapse with $300B unpaid debt. Only that news made crypto loose 25%. Lets see how that causes domino affect.

  • @jamessullivan8300
    @jamessullivan8300 Před 8 měsíci +2

    Don't forget, during this time companies were laying off people in the masses. No one was hiring. I know because I was one of those that got let go. Let me recount my situation....turning 40 (even though companies say they don't discriminate based on age...they do) couldn't get hired anywhere. Wife was 7 months pregnant and we had a mortgage, two car payments, and a 7 year old. Yeah, times got tuff and ugly (and not in the good way). And for all of you that don't think you will have a quality of life change well.....get ready for the pain.

  • @stjepanhauser7595
    @stjepanhauser7595 Před rokem +274

    Interesting , the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.

    • @CCCP1968
      @CCCP1968 Před rokem

      lol post svb collapse

    • @dinero8069
      @dinero8069 Před 9 měsíci

      @@BelindaRupp Big scam... She just ripped me off for $12,600

  • @Bamaedc
    @Bamaedc Před 2 lety +713

    This destroyed my family. I was 12 when this happened. Lost cars my childhood home. Parents divorced, my future snuffed. My dad got super into survival preparation because he thought the country was going to fall.

    • @lashlarue7924
      @lashlarue7924 Před 2 lety +121

      I was reduced to driving a tractor trailer long haul. I had been a financial analyst. I lost all my friends and watched my relationships sour. I ended up having to sleep in a storage unit. I feel your pain; you are not alone.

    • @mspaic10
      @mspaic10 Před 2 lety +16

      Was you family over-leveraged?

    • @MarcusT86
      @MarcusT86 Před 2 lety +14

      Just don’t fucking dance, okay?

    • @4777hamza
      @4777hamza Před 2 lety +20

      you father & mother are responsible for not setting themselves up for failure - not the market.

    • @rayallen9166
      @rayallen9166 Před 2 lety +84

      @@4777hamza literally everyone was fucked over during this. That was probably the most ignorant thing someone could say and you said it

  • @ryandent8569
    @ryandent8569 Před 3 lety +1548

    I’m high af and this is exactly what I was looking for. What a nice piece of history

  • @michaelbread5906
    @michaelbread5906 Před 20 dny +3

    I hate bots. Imagine if someone ACTUALLY left behind good financial advice on one of these videos, and not filled to the brim with very obvious scammers.

  • @exiledmonastic4650
    @exiledmonastic4650 Před 9 měsíci +58

    so easy to look back at this in hindsight but i can only imagine how terrifying it must have been in that actual moment for people

    • @themetalhead1463
      @themetalhead1463 Před 9 měsíci +2

      I was in my 30s and it wasn’t scary at all. I didn’t have money in the stock market, I didn’t work for a publicly traded company. It actually got better for me because we had deflation.

    • @Kyalaen
      @Kyalaen Před 9 měsíci +3

      You're in luck, you might get to see it again real soon!

    • @jpdprophotography6693
      @jpdprophotography6693 Před 9 měsíci

      Give it 12mths you might not have to imagine.

    • @jenislyjensen
      @jenislyjensen Před 9 měsíci +2

      In 2008 I think I was around 14-15 years old. I remember many lost their jobs. But in my country, we were still safe compared to America.
      Greetings from Denmark 🇩🇰

    • @user-vu9dg3lq2i
      @user-vu9dg3lq2i Před 8 měsíci

      @@jpdprophotography6693that’s what everyone’s been saying the past 5-10 years lol . Stop living in fear dimwit

  • @vincentdemartini1468
    @vincentdemartini1468 Před 3 lety +374

    1:19 “The opening bell is going to ring in 5 seconds and to be honest we wish it wouldn’t” 😂😂

  • @BoxOfKleenex
    @BoxOfKleenex Před 2 lety +5624

    I remember I just started college a year after this happened, so a ton of older students were coming back to school since the recession tanked their careers. I was majoring in art at the time. All the adults in my classes urged me to find a "recession proof" career so I didn't "end up" like them. I switched my major to math and statistical analysis because I feel like visualizing data is still "artsy". I'm so glad I listened to all those kind strangers now with the current economy.
    Edit for everyone butthurt in the comments: I chose to switch majors because math gave ME PERSONALLY more financial stability. I PERSONALLY didn't find majoring in art fulfilling enough for ME. If YOU we're successful with YOUR art major choice in life, then good for YOU! Not every single comment on the internet is a personal attack on YOU.

    • @s3oood2008
      @s3oood2008 Před 2 lety +182

      Good girl

    • @bigdogstatus4528
      @bigdogstatus4528 Před 2 lety +363

      Good for you glad to see someone actually take advice instead of ignoring them and complaining when the thing they were warned about happens

    • @shparto1118
      @shparto1118 Před 2 lety +155

      @@bigdogstatus4528 Oh yeah basing your major life choices on the opinion of people who know little to nothing about you sounds very reasonable lol

    • @Aldo-lq8fd
      @Aldo-lq8fd Před 2 lety +24

      How does math compare to what you wanted to do originally? As in, are you happy with your choice to change?

    • @BoxOfKleenex
      @BoxOfKleenex Před 2 lety +136

      @@Aldo-lq8fd I do BI visualizations so it's super artsy! I'm very happy.

  • @alicegomez7232
    @alicegomez7232 Před 3 měsíci +742

    The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

    • @selenajack2036
      @selenajack2036 Před 3 měsíci +3

      It's really hard to beat the market as a mere investor. It's just better if you invest with the help of a professional understands the market dynamics better.

    • @mesutserim1595
      @mesutserim1595 Před 3 měsíci +4

      Picking stocks is a risky thing to do, particularly for non-professionals. I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $38k every month so I’ve been sticking to investing via an Advisor.

    • @lucasanderson8993
      @lucasanderson8993 Před 3 měsíci

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @mesutserim1595
      @mesutserim1595 Před 3 měsíci +3

      Heather Lee Larioni… that’s my advisor’s name. Thank me later.

    • @stevensmiddlemass2072
      @stevensmiddlemass2072 Před 3 měsíci +2

      Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call

  • @Theresaa12
    @Theresaa12 Před 4 měsíci +711

    Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation. I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

    • @BenTodd-fl8nv
      @BenTodd-fl8nv Před 4 měsíci +6

      The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

    • @benitabussell5053
      @benitabussell5053 Před 4 měsíci +7

      To be safe and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they understand better market patterns and adjusting portfolio to match up with these market trends.

    • @HarrisRyan-oy8eo
      @HarrisRyan-oy8eo Před 4 měsíci +3

      You seem to have the Market figured out. Who is the advisor you could recommend and trust

    • @benitabussell5053
      @benitabussell5053 Před 4 měsíci +2

      *Kaitlin Rose Sternberg* does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.

    • @Armstrong741
      @Armstrong741 Před 4 měsíci +2

      Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds,

  • @sacredprovenance
    @sacredprovenance Před 2 lety +3326

    Imagine buying the dip at this time

    • @JoeSmith-sx5gw
      @JoeSmith-sx5gw Před 2 lety +87

      Or buying puts

    • @Theroadneverending
      @Theroadneverending Před 2 lety +31

      Buy da dip

    • @John-X
      @John-X Před 2 lety +21

      @@Theroadneverending Ooh Da Dip, good choice

    • @RedsHitpostMedia
      @RedsHitpostMedia Před 2 lety +43

      Sure you could but you can never know what the "dip" is or IF itll recover. Because stocks can keep falling and falling until theyre pennies.

    • @sukhmaidickoff
      @sukhmaidickoff Před 2 lety +63

      @R If you´re still in Tesla stocks I would sell right away. People must be crazy in order to justify the current pricing of the Tesla stock, considering a company that currently "only" sells 600-700.000 cars a year (compared to Volkswagens 11 million and Toyota about the same) has the 6th-largest market cap of any company in the world. The market Cap of Tesla is the same as the COMBINED market cap of the 9 largest (current) automobile manufacturers. It is simply beyond ridiculous!

  • @RSI24
    @RSI24 Před 3 lety +695

    I wish I was old enough to invest then. I would had gone on a shopping spree of those discounted stocks.

  • @romanporter6049
    @romanporter6049 Před 8 měsíci +50

    Man I remember my dad losing everything, parents would argue and it went all downhill, life before the crash was great😢

  • @mattwilliams3104
    @mattwilliams3104 Před 9 měsíci +20

    The crash caused tourism to drop in my hometown and ended up putting my parents restaurant out of business. They were super successful with their business for the first 8 years and in the matter of three years they had to declare bankruptcy.

    • @RetardskillMe
      @RetardskillMe Před 9 měsíci

      Hate to ask this, but how? If they were successful for 8 years, they should have made some money..

  • @lyxnick
    @lyxnick Před 2 lety +330

    "you can't look at it after you buy it cos it's so horrible"
    My investment story in a nutshell.

  • @boyifyoudont1836
    @boyifyoudont1836 Před 2 lety +416

    I remember walking home from middle school and saw my mom home from work early. Then my dad called me from our house phone and said your mother just lost her job and to help her take it easy. From that point they did literally everything from collecting rain water to lower our water bill to my Dad working a 9-9 just to keep our house. I didn’t realize just how stressed they were until I understood how bad this recession was many years later.

    • @HughJass-jv2lt
      @HughJass-jv2lt Před 2 lety +1

      Good times
      ❤❤

    • @muhammadswalih8923
      @muhammadswalih8923 Před 2 lety +7

      Collecting rain water bruh how much does water cost in Your Country?

    • @stevensteven9657
      @stevensteven9657 Před 2 lety +7

      @@muhammadswalih8923 water bills depending on where you live could be crazy like if you live in a place like Nevada which a desert.

    • @muhammadswalih8923
      @muhammadswalih8923 Před 2 lety +1

      @@stevensteven9657 I lived in Saudi Arabia for 13 years, It is a Desert nation. Water bills weren't an issue. My dad earned like 15,000 dollars a year.

    • @raskult
      @raskult Před 2 lety

      @@muhammadswalih8923 it’s just GREED lol. And deception. Companies don’t really need that much money for electricity/water

  • @mariusss95
    @mariusss95 Před 9 měsíci +1

    I was a 13 yo kid in Romania when this happened and let me tell you, we were quite poor then, it didn t affect us at all, my dad actually bought me a new PC...
    But man, wish I was taught more about investing while in school.

  • @Jessicatorres_768
    @Jessicatorres_768 Před 6 měsíci +118

    Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.

    • @alicebenard5713
      @alicebenard5713 Před 6 měsíci

      Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

    • @SophiaBint-wj8wn
      @SophiaBint-wj8wn Před 6 měsíci

      I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser

    • @Jessicatorres_768
      @Jessicatorres_768 Před 6 měsíci

      Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

    • @user-cr8nd1sy8e
      @user-cr8nd1sy8e Před 6 měsíci

      I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

    • @KatherineAnderson-lm8bw
      @KatherineAnderson-lm8bw Před 6 měsíci

      Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

  • @MrHowardMoon
    @MrHowardMoon Před 2 lety +2065

    I remember leaving school in 2008 and the job market had collapsed. Warehouse jobs had stopped hiring 16 year olds because of insurance and so I went to college instead. The course I took was supposed to be 3 days a week, but because of the recession, the tutor wanted 5 days a week work from the college and so he started making us do 5 days instead of 3. When I eventually got into some warehouse work 2 years later, I saw so many people who were working every hour they could to afford their stupidly expensive mortgages that they couldn't afford to begin with.
    EDIT: I'm from the UK.

    • @Craigish93
      @Craigish93 Před 2 lety +17

      I left the same time with almost every lad at my age wanting to go into a trade of sorts, I knew there was very little apprenticeships remaining if any at all so I decided to go into office work instead were the office was like 18 women to 2 men so I was welcome with open arms so to speak filling the diversity quota, works a bit boring but I've never looked back and in a sorta sick way its thanks to that stock market crash 😄

    • @goqsane
      @goqsane Před 2 lety +40

      Bad memories. Please be ready. The market is about to crash in a much larger fashion soon.

    • @hhhqqq3918
      @hhhqqq3918 Před 2 lety +5

      @@goqsane uno reverse it

    • @mapleleafsfan27
      @mapleleafsfan27 Před 2 lety +65

      I remember 2008. I made out pretty good. The wife inherited a crapy house on 3 acres I was constantly fixing. It was 2 years of hell living there. In August 2008 Some big developers offered us a lot more cash then that shit hole was worth if we would sell and leave in a 10 days. Put our stuff in storage and lived with family. Then the crash. Took the money and got a nice place for a great deal in November. More then once someone has asked me how come you work at the garbage dump your wife works at a grocery store and you live in a big house in the nicest part of town. One word LUCK

    • @ringo14765
      @ringo14765 Před 2 lety +4

      Shoulda joined the military...I made out just fine with no debt.

  • @eltaco2433
    @eltaco2433 Před 3 lety +637

    Gamestop has trained me for a moment like this

    • @pablo_fre5hcobar
      @pablo_fre5hcobar Před 3 lety +32

      This is the way

    • @jakewallace9060
      @jakewallace9060 Před 3 lety +21

      @@pablo_fre5hcobar This is the way. We might as well call ourselves a cult now.

    • @instalivetalentshow3424
      @instalivetalentshow3424 Před 3 lety +2

      @@jakewallace9060 💀💀

    • @Stoneface_
      @Stoneface_ Před 3 lety +8

      Crypto taught me this. I'm basically immune to market volatility...

    • @chillfuturist9668
      @chillfuturist9668 Před 3 lety

      Only trading options from being priced out of markets and crypto allows me to snort volatility off the toilets of dive bars.

  • @trustyrex1014
    @trustyrex1014 Před rokem +3

    My dad talks about the 2008 recession with 1000 mile stare like he’s having a nam flashback

  • @DaddySafety
    @DaddySafety Před 8 měsíci

    I remember this, my father in law and I were competing for the same job. There was also a line out the door of applicants

  • @iFerg
    @iFerg Před 3 lety +3790

    Ha, this has nothing on the people that bought GME at $496

  • @FOT2010
    @FOT2010 Před 3 lety +472

    "History doesn't repeat itself, but it often rhymes" - Mark Twain

    • @user-lg3yj2fz2j
      @user-lg3yj2fz2j Před 3 lety +12

      More like capitalism fails every 10 years 😭

    • @nhdarling2
      @nhdarling2 Před 3 lety +1

      History is full of human fingerprints, it's bout to happen cause we like patterns lol

    • @TienNguyen-ry5jz
      @TienNguyen-ry5jz Před 3 lety +7

      @@user-lg3yj2fz2j yes and socialism succeed every time in history

    • @TheVallin
      @TheVallin Před 3 lety +2

      @@TienNguyen-ry5jz Not sure anyone's ever really tried Socialism. Like real Socialism.. No, that's Communism, it's not the same. No, that's Fascism, very far off. No no no, That's Social Security. Though that's closer but it's still a part of a healthy Capitalist economy. But I agree with the sentiment. Socialism by itself doesn't function. And neither does Capitalism. Got to blend a little of everything to get the right balance. Or not. I'm sure everyone's happy the way it is now. =D

    • @TienNguyen-ry5jz
      @TienNguyen-ry5jz Před 3 lety +8

      @@TheVallin I do agree, a mix system works best, I just think we the people should not give the government more and more power everyday. Through the entire human history, Every disaster begins with government intervention. I just don’t want history to repeat itself.

  • @hannahdonald9071
    @hannahdonald9071 Před rokem +476

    We have set aside $250k to begin tracking inflation-indexed bonds and stocks of companies with strong cash flows. While my spouse and I are adding a range of equities and ETFs to my current holdings in the long run, it wouldn't hurt to be aware of ways to make short-term profits as well.

    • @tampabayrodeo2474
      @tampabayrodeo2474 Před rokem

      As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

    • @trazzpalmer3199
      @trazzpalmer3199 Před rokem

      I agree; before I found a coach , commended by a Reddit pundit, I was watching from the sidelines for a while, trying to determine the best time to enter. I was hesitant at first, but I went ahead and contacted the coach; to cut a long story short, it's been three years and counting, and I've made a ton of money just by following her advice. This summer, I went on a trip to the Bahamas as a small treat for my consistency.

    • @graceocean8323
      @graceocean8323 Před rokem

      @@trazzpalmer3199 who is this your handler?

    • @trazzpalmer3199
      @trazzpalmer3199 Před rokem

      @@graceocean8323 At every low point, there is an opportunity. Salvatore Fortunato Sofia serves as my advisor. She is brilliant in terms of portfolio diversification. You may look her up online and confirm her for yourself. She has extensive knowledge of the financial markets.

    • @mcginnnavraj4201
      @mcginnnavraj4201 Před rokem

      Just googled her name and I saw her resume. Its very impressive. I count myself lucky to have come across this. Thanks. Already scheduled a call.

  • @intoTheCosmos_
    @intoTheCosmos_ Před 8 měsíci +4

    The good days of when market actually reacted accordingly to the Economy ... Now it just pure Manipulation, on another level though. This trending is a sign, we are going to see epic crash in next few days maybe weeks

  • @gnizz0021
    @gnizz0021 Před 2 lety +3295

    My brother worked on Wall Street during this time. Made more money than my whole family combined, heading some department that did consulting work with several major banks. He had lots of contact with people. He knew two guys who committed suicide because of this. They apparently lost millions of dollars. They went from living in penthouses and driving Maseratis to unemployed, living with their parents. They weren’t bad guys either, they had worked their way up honestly and given it their all. My brother took a major hit too, but had a lot of assets and smart investments (mainly gold) so he was more or less fine.
    He says the big banks saw it coming, and they knew exactly what they were doing. He heard from someone who heard from someone in a high stakes meeting that directors of major housing and loan departments threw parties because they had profited so well from the crash.
    Makes me sick just thinking about it. People dying from this, but the VIPs partying because now they have more commas showing when they show their account to the stripper on the pole.

  • @esmeraldaportillo2646
    @esmeraldaportillo2646 Před 4 lety +1857

    I actually did search for this

  • @graceocean8323
    @graceocean8323 Před 10 měsíci +216

    People are affected by inflation far more quickly than they are by a stock or property market crisis because it directly impacts their standard of living. The current level of negative market sentiment is not surprising. To survive in this economy, we urgently need your assistance. The ETF/Equity market continues to fluctuate. My portfolio of $370K is laid bare in ruins 🤦

    • @champhallier8468
      @champhallier8468 Před 10 měsíci +2

      Indices frequently go from a bear market to a bull market when the news is at its worst and investor confidence is at its lowest. This demonstrates how quickly the direction of the market may alter.

    • @hannahdonald9071
      @hannahdonald9071 Před 10 měsíci +1

      @@champhallier8468 You need a Financial consultant to avoid being taken advantage of. They offer personalised advice to individuals based on their risk tolerance and investment capital. They do have a great reputation and some do have a strong track record to go along.

    • @mcginnnavraj4201
      @mcginnnavraj4201 Před 10 měsíci +1

      @@hannahdonald9071 Been looking at comparable opportunities in the current market because I know a lot of people who made fortunes from the Dotcom crash and the 2008 crash. Could this consultant who helps you be of any assistance?

    • @hannahdonald9071
      @hannahdonald9071 Před 10 měsíci +1

      I've spared myself the hassle that a disorderly market brings. Because of my line of work, I am unable to manage my portfolio, so I simply mimic the trades of SALVATORE FORTUNATO SOFIA, an investment advisor I watched on Bloomberg Business News. These days, the best approach to enter the market is through reading, researching, being patient, and getting advice when necessary. After that, everything went smoothly.

    • @krisfalkenberg
      @krisfalkenberg Před 10 měsíci

      Truth unites
      Walls don't keep the peace, who (x) lives behind fear; fear of one-self , for it denies the truth an another, that nothing lives over its shoulders, that walls discriminate, that only truth will unite. There's land for the wholly, that the consciousness unites with it, and the land, the wholly, that it provides under Yahweh, under a light an under principle for life to prosper, but a dry land is of the resentful and deceitful; that the future lays with the sincere.

  • @trunkmak2
    @trunkmak2 Před 8 měsíci +2

    "It was the worst day on Wallstreet since the crash of 1987" So it's not the first time this happened 😂

  • @cailathornton1313
    @cailathornton1313 Před 2 lety +682

    I remember being in high school in accounting class. Our teacher was actually letting us watch this news. I can’t imagine how this news would feel to me now as a 30 YO who knows what news like this means.

    • @chupapibingbong
      @chupapibingbong Před 2 lety +10

      Well you might get an answer on how that teacher might turned out now if you still stay in touch
      If he's still teaching, he fucked it.

    • @smalfable
      @smalfable Před 2 lety +6

      Ikr? I'd be so damn screwed right now. I didn't fully comprehend how much people lodt during this time as a teen.

    • @stevenbonilla7276
      @stevenbonilla7276 Před 2 lety +5

      Well get ready for another one this year or next year

    • @burningmachine6200
      @burningmachine6200 Před 2 lety +1

      @@stevenbonilla7276 Why because of covid ?

    • @stevenbonilla7276
      @stevenbonilla7276 Před 2 lety +10

      @@burningmachine6200 nah COVID is the one of the least important factors. The main factors are inflation, big Real estate firm that went bankrupt and own trillions of dollars to thier investors, thousands if not millions of investors in the stock market that are betting against hedge funds and banks, and the treasury running out of money to print.
      P.S. The inflation rates right now are the same if not more than it was in 2007

  • @TechConversations
    @TechConversations Před rokem +102

    why is this all of a sudden being recommended to everybody 😮

    • @smokerid8198
      @smokerid8198 Před rokem +10

      youtube know what's coming 😐

    • @aryanneogi9035
      @aryanneogi9035 Před rokem +6

      History is repeating...

    • @ShihanQu
      @ShihanQu Před rokem

      Because people such as yourself are searching about the incoming crash.

    • @llewodcm20
      @llewodcm20 Před rokem +1

      Peter Schiff knows...

    • @ahtheh
      @ahtheh Před rokem +1

      Crypto crash

  • @vinicioreyes4792
    @vinicioreyes4792 Před 9 měsíci

    my family was barely effected by this thankfully.. i remember watching this on the news as my dad practically watched it all the time

  • @PK-db9qj
    @PK-db9qj Před 7 měsíci +4

    The person who invested at that time is a multi billionaire now.

  • @billie0429
    @billie0429 Před 2 lety +1887

    9% drop and they’re freaking out? Man, last month we had a 60% drop in crypto and we are still buying the dip

    • @critterdude311
      @critterdude311 Před 2 lety +209

      Your account values are milk money, the pros on Wall Street are managing huge account balances.

    • @kamrongerhardt7329
      @kamrongerhardt7329 Před 2 lety +81

      @@critterdude311 lol the pros on Wall Street MADE money in 2008 what are you talking about. It was the regular working class with “milk money” as you call it who lost.

    • @problemstube7266
      @problemstube7266 Před 2 lety +12

      Buy the dip.......hope atleast ur children will see the gains in crypto.

    • @Marco-zt2jj
      @Marco-zt2jj Před 2 lety +180

      @@billie0429 the 9% drop crashed the world's economy and caused a crisis that lasted for years, cryptos' 60% drop doesn't do anything close to that, that's the difference

    • @seanentrikin9263
      @seanentrikin9263 Před 2 lety +8

      @@Marco-zt2jj exactly

  • @tekc0der
    @tekc0der Před 3 lety +624

    A 700 down day is just an evening session now

    • @kishorek3474
      @kishorek3474 Před 3 lety +75

      Percentages matter more than mere numbers.

    • @juanio7036
      @juanio7036 Před 3 lety +50

      Yes, but the Dow is 30000 now as a pose to 9000 back then

    • @osamabinladen824
      @osamabinladen824 Před 3 lety

      Exactly

    • @johnmaloney4489
      @johnmaloney4489 Před 3 lety +6

      a 700 point drop back then is equivalent to a 2100 point drop now

    • @what.3133
      @what.3133 Před 3 lety

      @@juanio7036 dyou... Dyou mean as opposed to?

  • @is300vids
    @is300vids Před 8 měsíci +2

    2023: Hold my beer

  • @smitty7326
    @smitty7326 Před 8 měsíci +1

    i graduated in 2008 directly into this shit. It shaped the mindset of my entire generation.