Today we’re covering Andrew Dawood who is attempting to turn his $50,000 into a $3 million dollar fortune through investing in Bitcoin, GameStop, and NIO – here are my thoughts, enjoy! Add me on Instagram: GPStephan
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ORIGINAL ARTICLE ON MARKETWATCH: https://www.marketwatch.com/story/bitcoin-gamestop-and-nio-bets-turned-this-flight-attendant-into-a-millionaire-now-hes-wagering-it-all-in-one-final-push-to-3-million-11622120493
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This all starts with a man named Andrew Dawood, a flight attendant, who turned his $50,000 life savings into $1.7 MILLION DOLLARS in just 3 trades…and NOW, going in AGAIN in an effort to reach $3 million dollars…at which point, he’ll cash out, and invest in something more stable.
In terms of how others feel…The National Securities Chief Marketing Analyst said that “there are literally thousands of stories that worked out the other way, and that it’s a great sideshow story that really has nothing to do with investing whatsoever, but it’s the nature of what’s happening now….but this isn’t investing, it’s gambling.”
And even though that’s an unpopular opinion….I’d say, he’s right. These were all highly calculated, speculative investments that could’ve easily lost a significant amount of value, extremely fast…and, fortunately, Andrew was correct 3 times in a row while going ALL IN. However, unfortunately…I worry that his goal of reaching $3 million clouded his judgement and caused him to preemptively make another risky investment, like believing NIO would hit $100, and that ended up costing him a lot of money.
The problem is that RARELY do highly volatile investments reach an even ROUND number for a sustained period of time, to the point where you can safely cash out and then retire somewhere in Hawaii. Plus, holding out for just “a little bit more” negates the risk involved in continually pressing the boundaries to the point where – eventually – there will be a loss.
What most people don’t realize about these numbers is that they can REALISTICALLY, and SAFETY reach them…it’s already there…they just need to be patient. Like from my perspective, $1.7 million dollars is already WORTH $3 million dollars, if you average an 8.5 return over 7 years…so, had Andrew just cashed out, diversified, and waited…he could continue his job, not contribute another dollar more to his account, and in 7 years…he’d have his $3 million dollar goal without needing to risk his money.
Yes, it is true that TOO FEW people are investing…it’s also true that SAVING ALONE isn’t going to build wealth, you also need to combine that with a growing income and a consistent investment…but, building wealth like that doesn’t need to be an all-or-nothing approach.
It’s all about weighing the options at this point…and while it worked out for Andrew…I’m not sure this is something I could ever recommend as a sound way to invest. Even though some people think he’s a legend for going all in, multiple times, and coming out ahead…the real test is going to be: what happens when it’s over? Will he actually diversify and take it easy? Or, is it too tempting to continually place the chips back on the table and YOLO another million?
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HNRC Reports Record Third Quarter 2021 Financial Results
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Significant Growth Reported in Total Revenue (181%) Significant Increase in Operating Earnings (292%)
wish I saw this video before I got caught up in amc
graham … get a Canadian citizenship …. if you lived here past 10 years you could have had about 75k cnd in tfsa (TAX FREE savings account)
I am new here also new to investing I like the channel
This dude is the ceo of 🧢
Misleading title…last video I watch
Nice video, I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs Magdalena Ferguson.
if your in AMC you guys should just hold it and stick ti the plan. if your asking your self what the plan is do the research on the stock or don't get in.
AMC🚀🚀🚀🚀🚀🦍🦍🦍
Lol you're holding a stack of $2 bills 😂😂
I dont understand why ppl invest millions… unless they have tens of millions🤦♂️
Hey man I get free popcorn I’m great
That is one sweaty boy
Graham love your videos but the same backgrounds are boring, maybe spice up the visuals once in a while take us for a ride in the GT or something lol
You should do a video on the symbolism of using a brickwall as a back drop and how thats symbollic for freemasonry , And how and why you became a Freemason! 🔓
😉
Risk is what can pay off and maybe being in right place at right time
Hello I'm new to forex trade And have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong
Graham could you do some content on WILLIE COIN.
When you have a decent income, but not much savings, it's OK to take some risk for high returns. Just make sure that the odds are in your favor. I did that with Tesla in late 2019 and of course it paid off handsomely. Still holding btw. and not going to sell anytime soon. It's OK, because even if you lose it all, you can still recover, it doesn't set you back much.
But once you have more money on the line than what you could save in many years, and you are not in your twenties anymore, you have to be much more careful with risk. It's still OK to go for big gains, but not with all your money, just what you can afford to lose. I do this now with AMC. I bought some crazy YOLO options just for fun, with the assumption that I'll lose it all. But if it works out, the gains will be big enough to seriously accelerate my retirement, even with the small investment. I think there's a decent chance, that's why I had to try.
I learnt copywriting through books and practice. Now videos are more engaging and interesting. Writing down your content makes it clear and concise 👋👋
Amc… Wait I did already
It’s a breath of fresh air to hear some advice that actually takes fundamentals and economics into account when investing for your future, and not just letting the short term market conditions sway your thinking
Graham: I am frugal
Also Graham look at my $100,000 fish tank 😆
Hey Graham love your videos. I was wondering if you knew anything about, and what your thoughts were about Mortuary Trusts. My fiancee and I were looking into getting one.
Can u talk about shiba coin please
Bad take on gamestop. They have 0 debt, hundreds of millions in cash, good recent quarterly results, Ryan cohen leading, they are moving towards online, & announcing a new ceo soon. After all that, there's massive short positions with huge failer to delivers
Nio was brilliant move. I was pussy investor but look at nka it went 90$ based on hype and nio was 3$ at the time with amazing looking cars and the business up and running
I died after the monkey came out 🤣
Again so many ads it’s hard to watch the whole thing
if i make a mill best believe I'm diversifying you already made enough to retire and to let it gain safely over time for sure secures your spot for u and family can still invest with risk but not all of it come on but hey he made the mill not me so who am i to talk lol
Amc
“What’s up scrubs it’s scrub daddy here”