Investing From The Beach
Is time freedom (FIRE) your goal? The two hosts retired early (one at 30; one at 40) each walked from a 6-figure job. They discuss THE critical ingredient to achieve financial freedom, “how to think”. Chris Hanson & Chris Lam each reached freedom by investing & trading in the stock market. This is NOT Dave Ramsey mutual funds; it’s not Kiyosaki real estate; people say it’s akin to living the Tim Ferriss lifestyle. They’re not Ivy League grads; they’re self-taught, studying nights & weekends while working in sales for the largest tech firm. Today, they can trade/invest from anywhere they happen to be, even from the beach. They’ll share what they discovered about “how to think” as well as “how to do”. Most people focus on the mechanics, the tasks, the “how to do”. The reality is that “how to do” is maybe 5% of what’s required; the other 95% is “how to think”. Most people gloss over the 95%, then get frustrated when they can’t figure out why they’re not achieving freedom.
Episodes
We talk about the blatantly obvious stock opportunities that we missed when we first started….and those opportunities are still available today!
VFS VinFast is a new entrant to the EV space - the stock is a roller coaster ride. We talk about the greed that shows up when stocks are incredibly volatile
Do recent bank failures present an opportunity in the stock market? We discuss what to watch for and what to watch out for. Silicon Valley Bank, Signature Bank, First Republic, other regional banks - are there opportunities among the survivors?
Google Layoffs, Entitlement. Lesson = Do not attach yourself to the company you work for - focus on building your skillset. You will leave your job for 1 of 4 reasons; your salary reqts; your age; your health; or you decide. Recent articles about tech sector layoffs, Google in particular; show a huge disconnect between freedom-seeking vs comfort-seeking.
People willingly buy stuff when it goes on sale, but they won't buy assets when they're on sale....either becuz they're afraid or they don't know how to recognize an opportunity.
Recession or Expansion; Inflation or Deflation; Bull or Bear; Markets move in cycles, but do the cycles truly matter? Once you can identify which direction it's heading, you simply trade in that direction...
Stock Market Environment, Goals, Mindset are just 3 of the topics we discuss.
Covid, Chinese Stock Market, Who wins with everyone having to get Covid tested? Who wins when China govt chokes an industry and crushes those firms?
Money, Power, Politics, Business. The US was in Afghanistan for 20 years…why? Follow the trail of logic and money.
Racism White Privilege Bias. Stk Mkt does NOT care how you identify, so it can not discriminate. There are zero societal barriers in your way. Gay, Straight, Black, White, Fat, Thin, Dropout, or Phd…no one in stock market knows aaaand no one cares.
crypto, stock trading, Dave Ramsey - we discuss what you might unteach kids as they go back to school
Biden's stimulus checks make the poor poorer, and the rich richer
We discuss an alternative way to help get your mind around the severity of inflation
We discuss a variety of topics including “how to think” re Biden’s policies; the “why” of raising taxes; and Lam’s recent experience with the NBA’s NFT, non-fungible token.
We discuss how-to-think when it comes to Bitcoin and Cryptocurrency
Where should govt involvement stop…should govt be telling a business it must pay a bonus to employees?
We discuss what happened with GameStop (GME), and how to take action going forward.
A variety of subjects: Job titles; censorship; Electric Vehicle sector.
We discuss the importance of “who” you listen to. Are you drawn to them becuz they’re in your same situation….or….is it becuz they have already achieved what you’re you are trying to do. Be wary when someone is proclaimed to be an “expert”; an expert according to “who”?
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