Investor Writer

2022-01-14 09:15:57 "I have lost everything, and I am so poor now that I really cannot afford to let anything worry me."

- Jefferson

Beggar Investor Open / Comment

2022-01-13 13:47:47 When the car takes you into poverty - 2

I used to buy a new car, drive it and enjoy it. Wrecked it, sold it, bought a new car.

Then I got bored with it, so I changed the car again. And I got a new car again. I didn't pay attention to the expenses required to maintain the car.

At first I had a car for commuting from home. Then I lived in the car. Then I was left with nothing.

Repeat me! If you want it.

And tell me what you think about owning a car. Do you need it? Open / Comment

2022-01-12 10:24:01 When the car takes you into poverty

If you wanna accelerate your way to bankruptcy, buy more expensive and unnecessary things. The more expensive and the more unnecessary they are, the faster your trip to the bottom will be.

Let’s say , you'll get a breeze in a car that you don't need and cannot afford.

There are situations where a car is necessary. For example, for business, to make money. Or to travel in an area where there is no other transport. Or if getting around without a car is difficult for other reasons. For instance, for health reasons.

Still these are not our cases, my dear future homeless vagabond. We need a car as a shiny toy, purely for the sake of dusting our eyes and showing off our status, which we do not have.

We need to choose a new car that is more expensive, bigger, and more voracious. If you don't have the money, take out a loan.

When you buy a new car, it immediately loses some of its value. Simply cause it's no longer new. Then gas, repairs, taxes, insurance, fines... Open / Comment

2022-01-09 11:09:11 Friends, thank you for your comments!

Tell us more about your experiences. And I will continue...

Loans are cool - 2

Credit cards , by the way, won't hurt either. The more of them you have and the more often you use them, the sooner the long-awaited poverty will come.

Take all the credit you have. The more credit you have, the sooner you will have a beggar's cart and a cardboard box will be your home.

I still go to the bank for loans. But for some reason they don't give them to me anymore. Yesterday I went again, but they turned me away. Only one kind woman gave me some money. But that's not credit, that's alms, that's something else entirely.

But you can still get credit, as long as you're not a pauper. So do as I advise to become a Beggar Investor. If you want it. And read my channel.

Also, tell me how you feel about credit. Do you use them? And if so, in what cases? Open / Comment

2022-01-08 18:25:01 Loans are cool!

Take out loans at every opportunity. Take more. Don't read any documents. Why ruin your eyes over the fine print if they smile at you and give you money?

Then everything to work out somehow.

And be sure to try to take out loans at the highest rates possible. And spend the money you get on something the coolest and most expensive. For instance, on the toughest and most expensive smartphone , luxury car , the coolest clothes , the most expensive woman .

And best of all, trick yourself into taking out loans so that the interest on them exceeds your income. And then quit your job so that you have no income at all.

Believe me, this way you will quickly become a beggar. Open / Comment

2022-01-07 12:11:38 ​​What other financial losses I had in 2021. Space travel

Especially in the U.S. market, I remember the shares of Virgin Galactic, a company that develops equipment for suborbital flights and hopes to organize excursions into space.

Just imagine! Space! I was captivated by that word alone! I invested plenty of money in the company. I managed to lose it several times in one year.

The stock turned out to be very volatile and highly dependent on news reports.

Announcement of the experimental flight, postponement of the flight, announcement of the flight again. Unexpected sale of stock by the company's top executives. Participation in the flight by company founder Richard Branson. The safe landing. Identification of technical deficiencies. Their correction. Announcement of the ticket sales. The postponement of the first commercial launch...

All of this affected the company's stock so much that the chart of its value resembles waves in a raging ocean. And I was the unluckiest captain in that storm.

I would sell the stock at $30 and play it down, and it would go up to $60. I would buy stocks again at $60 and they would plummet down to $15. I sold them at the bottom, thought the decline would continue, took short positions, and the stock flew up to $60. I bought in again, but the stock dropped in value to $13. Open / Comment

2022-01-07 10:55:31 What other financial losses I had in 2021. American Biotech

I also had a lot of money on American Biotech. I knew full well that this was one of the riskiest and most unpredictable sectors, which can lead to huge losses or multiple profits .

Yet I thought I would get lucky and be able to quickly recoup all my losses in this volatile sector.

And what ended up happening? For example, Esperion Therapeutics, bought for $35 after the collapse is worth about $4.5 to $5. Open / Comment

2022-01-06 06:00:06 What other financial losses I had in 2021. AT&T

Things were even scarier in individual U.S. stocks.

Take the dividend aristocrat AT&T in the telecom sector. The big company was raising its dividend year after year until I bought its stock.

Debt and reorganization seemed to have done its job.

I bought AT&T stock at $32. I had to close the position at $24. This case is a fiasco! Open / Comment

2022-01-06 04:30:00 What other financial losses I had in 2021

It wasn't just Chinese securities that ruined me in the stock market. I lost money in the American market as well.

I can't remember all of them now. Let’s I gambled on the decline of the S&P 500 Index since the beginning of the year. I was waiting for the market to fall and took "short positions”. But the market just kept going up and up...

And the higher the S&P 500 chart got, the bigger my losses became. Especially since I was using the money borrowed from my broker at a high interest rate.

I started at 3,700-3,800 and the index went up to 4,800. That's annoying! Open / Comment

2022-01-05 09:45:00 Beggar Philosopher's Wisdom - 2

Other Beggar Investors and I also occasionally read The Philosopher's Book by our outdoor barrel in which we burn a fire . We discuss, argue, laugh.

It's the first book about finance I've ever read. Probably why, by the way, I ended up a Beggar Investor.

And, you know, I don't think this book is gonna help you become a pauper. If you wanna live on the street, just listen and read me, the Beggar Investor.

By the way, do you read books about finance? Open / Comment