Meet Kevin has just sold out of all of his positions and shorted the stock market.
This is because he is anticipating the 2022 stock market crash to get worse before it gets better.
But the advice to sell out of positions that are already 50% down or more is incredibly dangerous.
And statistically selling in the middle of a downturn is one of the worst things you can do as a long-term investor.
Please do not refinance your house and max out your credit to speculate on short-term market movements. This is incredibly bad advice.
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Hey guys, it's sasha sell all of your stocks. Right now is what one of the biggest financial youtubers in the world meet kevin recommended in his video yesterday, uh i've sold 99.15 of my stocks and my entire crypto portfolio of the cash that i have right now. I am five point: five, six percent short the market, and this is a big problem. A really big problem, because meet kevin has 1.8 million subscribers on youtube, with over 325 000 of them.

Having watched that video in the last 24 hours and he added to this argument on twitter by sending his 230 000 followers there, the very concise message saying sell. I am going to explain to you exactly what the problem with this approach is and why. I think people are right to be very angry at meet kevin right up until that video yesterday meet kevin was telling all of his followers to buy the dip religiously. It opens the door to the thought that, well maybe we should be building our stock portfolio in stocks that have maybe started hitting some bottoms in virtually every single video.

Since the tech stocks started to fall in november, kevin has recommended that people go and buy stocks and then did a complete u-turn saying he has changed his mind, miraculously the biggest red flag here is that his recommendation is extremely dangerous. This is going to screw over a lot of people really hard. There are a few things in investing that have worse expected outcomes than selling out of your position when you're already massively down during a downturn. This is exactly how a lot of people lose a lot of money in market crashes buying high when things are good and rosy and then selling low.

In a moment of temporary panic, i went and looked at me kevin's most recent portfolio update from the 8th of november and picked out his biggest positions from that. I am presuming that they remained roughly the same up until today. The biggest position in this portfolio is tesla. It's 44 of his total portfolio at the time and tesla is 19 down.

Since that portfolio update video, a firm is 65 down. End phase is 48 down, sc is 43 down, lemonade is 59 down, matterport is 54 down and redfin is 45 percent down. So the majority of meet kevin's, big positions in his portfolio are down 50 give or take, and this is the same across the board for growth stocks. My own portfolio is also down over the last two months, and some of my stocks are down over fifty percent too, but presumably people following kevin and especially those that value his opinion and trust.

His advice will have very similar positions themselves, so the recommendation from kevin is that those people should sell all of their stocks when they have already lost more than 50 percent of their value, and this is incredibly incredibly bad advice. It is incredibly pathetic that this is the sort of advice that all of these people are being given. Remember that kevin chose to send the tweet and publish this video only after the markets closed, he sold all of his positions when the markets were open, but only let other people know this immediately after now, not that his 20 million portfolio will have any impact whatsoever On the overall market, but he chose to front run his sales and only then tell his followers he's done it and in itself that's not necessarily that bad thing, but literally all the way up to this video. He was strongly advocating the people by literally three days before that video came out meet kevin said this.
This is a signal of the bottom, be careful with margin, but i am bullish on this market. I'm not going anywhere, i'm not fm leaving, and this is not just an inconsistency. This is a giant massive you to all the people who have placed their trust in you, because you tell them to go and do one thing and the day you are there, selling all your positions in the market. All of the people who trust you, who believe you are doing, the exact opposite and buying the stocks that you are selling.

I have been saying for a long time that talking about holding when the market turns, is a lot easier than actually doing it. It sounds like it should be easy, but it really isn't, because when the market turns red - and you can see your stocks tumbling panic sets in this is a very natural reaction and panic is the one thing that is even stronger in the range of human emotions Than greed, greed being the thing that normally drives us to buy and when people panic they make very irrational decisions, especially when they hear other people actively promoting and advocating that same exact, irrational decision. But wait. It gets worse.

So if you're a business owner or you own, your own home, you might consider requesting to expand your lines of credit with banks. Banks are generally quite interested in expanding lending right now. So, while not all banks may be accommodative, i believe you'll find one that will be accommodative. So what i would do is, i would ask for a home equity line of credit against your home or a business line of credit against your business income.

Home equity lines of credit are known as helocs and certain credit unions, not all the big banks will let you pull out up to 80 to 90 of the value against your property. If you find a a credit union that lets you go up to 90, this means if your home is worth 500 000 and you owe 300 000 on it, you could get a credit line while still maintaining your first for a hundred and sixty thousand dollars against Your home, that's amazing, meet kevin, is literally discussing and suggesting that people look into refinancing their home or taking out credit right now, in a time of high volatility, to use the money to speculate on the movements of the market and right after that, bit of advice Meet kevin explains how people can use the cash to buy short-term options, and so there are a few ways that i can set myself up to get into my logs. Obviously i could just buy the shares on a lower dip. That is an easy option.
In addition to just buying the shares on on a dip - and this is probably the direction i'm going to go - i i can sell puts because i think we've got about a 50-day window here where we're going to be trading downwards and sideways. I don't really think that we're going to have massive rallies that are going to last now. Let me be extremely clear here. I stipulate all the time on my channel that i do not give financial advice and i am not your financial advisor, but on this occasion i am going to make an exception and give you a very important tip, because this is getting completely out of hand.

Do not refinance your house to pull money out to invest in short-term stock options. Do not max your credit to speculate on short-term market movements just because an imbecile youtuber is telling you to do so. Does not mean it's a good idea, and it is disgusting that this is the situation that we find ourselves in meet kevin is clearly extremely talented. Don't get me wrong? He has built up his channel to where it is today.

That is no easy feat and he has an incredible work ethic. I am going to give him that, but despite what he thinks of himself, he is not a maverick investing a genius because here's the thing, unlike me, kevin. I don't pretend to know. What's going to happen with the stock market, the outlook is negative sure we have inflation spiraling at seven percent and the fed is facing this impossible decision on when to increase interest rates and how fast to do it.

But the market could fall further and then meet kevin will go in and buy back in and proudly announce himself to be the oracle, the some kind of investing messiah, because he got it right. But the problem is that long-term returns in investing are not driven by taking all of your chips and placing them all on red on the roulette table. You might win once great. That would be really good, but i can tell you now that when you do it long enough, because over time the situation will happen over and over with all of your chips, it doesn't end well.

The stock market is barely in correction territory as we're talking overall, the nasdaq composite is 14 down from its all-time high in november, and the s p 500 is only eight point, three percent down from its peak three weeks ago. Could this get a lot more ugly? Not sure, but a fair amount of the ugly is already priced in otherwise your gray stocks that have had no news whatsoever specific to the stock would not be 50 down before a single interest rate hike has even been announced if you are investing with an expectation To hold for 5, 10 years or longer, why do you really care about what happens in the next few weeks or months? Presumably, you have done your homework on the stocks that you were invested in and you don't think that they will go bankrupt in a market crash scenario and you presumably think they have a strong enough balance sheet and business model to weather the storm and come out Strong on the other end, if you don't think that you probably shouldn't have invested in that company in the first place, that's a whole different conversation. Now, if you are here for the long term, selling into cash and trying to time the market is an incredibly stupid game to play, you might win once maybe twice, but there will be a time when you don't win and the losses you are going to take. When you don't win, are going to far far outweigh the potential benefits of trying to game it and remember that a lot of people have invested only heavily in the last 12 to 24 months.
So if those people have invested and made a gain, despite the recent drop, they will have to pay capital gains tax on that game when they go and sell their stocks, so you're going to have to go and pay at least 20 on the gains that the Tax man wants to take from you, instead of taking that 20 and keeping it invested in the stock market at these incredibly low prices. If you live in the us and you sell your positions within 12 months of making them your capital gains, tax is going to be charged at income tax rates. So that's half of your gains gone to the tax man for absolutely no reason whatsoever because of panic - and here is an even worse scenario. Let's say that you have some losses in your portfolio because you know gray stocks have come down in the last two months.

Imagine that the market then goes and rebounds because there's a million different reasons, some of which we know most of which we don't know why. It might do that and you will have missed the boat. But then you decide you're going to buy back into your positions because well the market is now going up and your view has changed again. Let's say you can buy back in when the stock market has just gone up: 50, not 100, not to the same level.

It was in november, but let's say it goes just 50 back up on those stocks that you're holding and let's say that happens in the next 30 days or in the 30 days from the moment when you sell. In that scenario, you will have completely screwed up. You are completely done. You have lost that 50 percent gain completely because you are out of the market, but not only that the wash sale rule in the us and bed and breakfast rules in the uk, which are the same pretty much not quite the same mean that the tax man Doesn't even let you book those losses as far as the tax man is concerned, you didn't actually lose money, you didn't get a capital gains loss or when you come to sell your positions at some point in the future, you're going to have to pay a giant Big whack of capital gains tax on top of the loss that you've already taken as an extra punishment for being greedy.

There is a massive difference between investing and trading, and don't let some idiot schmuck on youtube. Tell you that otherwise meet kevin is definitely not an investor shorting. The market and buying short-term options is trading, and you should know that, unlike investing the vast vast majority of people who try to trade, lose their money and out of the small minority who don't lose money, the vast majority of that tiny minority only make a tiny Pittance now kevin has a background in real estate. He has changed his channel's focus a lot over the last couple, two three four five years.
That may be a good strategy on youtube. One day: you're a real estate channel then you're, a personal finance channel, then you're a real estate channel again then you're an investing channel. Then you talk about stimulus, checks, five times a day, then you run for governor. Then you become a trader great, really good for growing on youtube, but investing doesn't work like that.

Investing is not about going wherever the wind takes you in fact, that is the quickest way to lose money with investing investing is not just buying stocks during the biggest bull run in history and then looking smug when they've gone up. Investing is also going through. The downturns and continuing to buy the stocks when everyone else is panicking and selling investing is also knowing you only lose money on your positions when you sell and knowing that that statement in itself is far easier said than done. I hope you found this video useful.

If you have, please don't forget to smash the like button for the youtube algorithm. Thank you so much for watching. I really really appreciate it and, as always i'll see you guys later.

By Stock Chat

where the coffee is hot and so is the chat

32 thoughts on “Sell your stocks and refinance your home now!”
  1. Avataaar/Circle Created with python_avatars S B says:

    Watched both of his videos and while I thought he made a couple of valid points, his advice is absolutely terrible. I myself recently closed a few positive positions as I see more pain to come. My ones that are down can stay down for as long as it takes. Great video & a new subscriber ๐Ÿ‘

  2. Avataaar/Circle Created with python_avatars Rob B says:

    PROBLEM is he sells everyone his Stocks & โ€œPsychology of moneyโ€ courses for like 400+ to people. He went directly against what he said and SELLS!!!! Hypocrite and CON ARTIST!!!!!!

  3. Avataaar/Circle Created with python_avatars Hey 21 says:

    I think Kevinโ€™s actions are extreme and confusing for new investors who look to him for guidance. He couldโ€™ve handled it better. But he has the right to do what he wants with his portfolio, and each individual is responsible for their own portfolio. He may have flip flopped, but he was open and transparent the whole time. Thatโ€™s more than you can say for lots of others. Also, often what gives people all their success, is also their biggest weakness. Kevin has always been bold and taken sudden huge swings. He always believes he can be good at anything. He is usually right, but that same confidence can also come back to bite him. Time will tell on this decision. He took a huge swing in the past to start a construction business and lost a million dollars. He isnโ€™t afraid. Thatโ€™s his strength and weakness.

  4. Avataaar/Circle Created with python_avatars Vismantas Braziulis says:

    Meet Kevin did not recommend selling all of your portfolio, he just did it himself and let everyone to know about it. Where the hate is coming from I donโ€™t understand. He is not a financial advisor, do your own diligence. If he trades and you donโ€™t like it, donโ€™t trade! I appreciate Meet Kevin for his openness, brave and risky move. Will see what comes out of it.

  5. Avataaar/Circle Created with python_avatars scenicroute dVal says:

    My portfolio is 90% Tesla. I have 140 shares that I bought from $880-$1100 over last 4 months. I was long term but shorted a couple times, made 20k and bought back. I'm down alot right now but hopeful it will get back up to 1200 this year. I'm not panicking. Those youtubers have millions, I don't so I don't listen to their advice I listen to their point of view and make my own decisions.

  6. Avataaar/Circle Created with python_avatars Diego Love says:

    I'm gonna defend Kevin because someone has to ! I watched the video twice and yes he did sold his portfolio but he has never advised anyone to sale everything

  7. Avataaar/Circle Created with python_avatars Paul Richardson says:

    Why the hate on Meet Kevin? Whenever he has talked about his plan to withdraw all his stock and crypto (apart from AMC and SQQQ short), he has said that this is a risky move and it's not financial advice, he always tells people to do their own research and that these are just his thoughts and processes. He has been very clear and transparent. The only thing that could be seen as financial advice was his 'Sell' tweet, which as s single word doesn't mean anything.

  8. Avataaar/Circle Created with python_avatars Timothy Lodge says:

    Meet Kevin sounds like a very dishonest clown, donโ€™ t follow him would not trust him as far I could throw him.

  9. Avataaar/Circle Created with python_avatars CzPeter says:

    I forgot, I subscribed and unsubscribed from Kevin long long ago… You earned my respect Sasha. GL

  10. Avataaar/Circle Created with python_avatars Max O'Didily says:

    I really enjoy seeing red, it's just an opportunity to lower average cost, when the fundementals of the company/investment have basically remained the same.

  11. Avataaar/Circle Created with python_avatars memyselfandmik3 says:

    Don't follow the follower that gives you conflicting financial advice. He's intelligent but is giving his followers mixed messages right now to potentially sell as he sees his portfolio crash. Keep calm and keep investing for the long term.

  12. Avataaar/Circle Created with python_avatars Jay Burgess says:

    Oh boy…. So let me get this right: this "Meet Kevin" dude firstly advises his followers to go into debt, using their homes as collateral, and then (almost immediately) he advises them to sell at a 20% to 60% loss…??๐Ÿคฏ
    The dude is a professional p+ss-taker. He has zero credibility!๐Ÿ™„

  13. Avataaar/Circle Created with python_avatars David Scott says:

    Meet Kevin sooner or later (and many other fin-fluencers) time will be up soon enough dispensing advice and the authorities within a year will be looking into the โ€œgreat lossesโ€ to come by so many new investors and traders not used to a market downturn and did these soc media influencers led to such. Kevin also doesnโ€™t preface his advice enough by saying do your own thing and make your own decisions. Saying all that he has provided some useful commentary but itโ€™s merely only that. Heโ€™s doing way too much sales and not being impartial enough to his viewers. Sadly agreed Sasha that he went too far re housing equity on options. Absolutely ridiculous

  14. Avataaar/Circle Created with python_avatars Graeme Cobb says:

    I stopped watching MK a year ago. However, I am looking forward to discount shopping now, but Iโ€™m definitely not borrowing just to buy stocks on the way down. I shall buy what I can afford to spare, that has always been my philosophy.

  15. Avataaar/Circle Created with python_avatars KMartha22 says:

    I amm not touching my portfolio, no way. I have stopped even looking at my t212 account to stop myself from any stupid decisions!!!

  16. Avataaar/Circle Created with python_avatars djFergus1 says:

    Consistency of your argument is why I follow you. You don't lurch this way, that way. I want to invest in the long-term with steady growth. Good video today

  17. Avataaar/Circle Created with python_avatars Georgi Simov says:

    Respect Sasha! You and Tom are a breath of fresh air in the community. I'm also massively down on my portfolio, having 6 positions down 50% or more, but I have absolutely no intention of selling and losing half of my money invested.

  18. Avataaar/Circle Created with python_avatars Andy Bacon says:

    Unsubscribed from Kevin's channel yesterday evening and will definitely not be watching another video. So couldn't agree with you more, Sasha, Yours is invariably the voice of reason – thanks

  19. Avataaar/Circle Created with python_avatars Renato Vieira says:

    People forget that Kevin owns 10+ houses and makes a lot money from YT he can afford to lose money more than most people.

  20. Avataaar/Circle Created with python_avatars Albu Ru says:

    SACA me and you , let`s get it done , sign the contract , we gona do a boxing match and all the money will go to charity !

  21. Avataaar/Circle Created with python_avatars ZeroFuX says:

    People who sell in times like this proves that people nowadays canโ€™t be bothered to wait. People just want to make quick cash ๐Ÿ˜‚ idiots ๐Ÿ˜‚ great video once again Sasha

  22. Avataaar/Circle Created with python_avatars Albu Ru says:

    i can tell you for sure Market is going down pretty bad , i think it is a recession already , look on charts from 2021 Feb , everything is down 60% march-april will be worst, i think until we see AMC back at his normal price than we know people undestood the VAlues of a market and when SHIBA will be worth 0 than is time for you to buy back in the market ! PEACE , suc my dic sacha

  23. Avataaar/Circle Created with python_avatars yassine ramadan says:

    I was a huge meet Kevin fan, honestly I unsubscribed from his channel. I donโ€™t want to be a reason why he makes money.

  24. Avataaar/Circle Created with python_avatars Jack Tilley says:

    My understanding is he was up to 30 million because he had many options trade so he wasnt down.
    But he is a trader.. his idea of long term investing is rediculous.

    Personally I agree with his sell given his reasons. but his flip flopping is worse than a politician and I also believe a crash is coming soon, so i am bias.

  25. Avataaar/Circle Created with python_avatars Cosmo the Wonder Dog says:

    Imbecile YOUTUBERS will cost their fans their shirts. Thank you for calling Kevin out. He deserves it.

  26. Avataaar/Circle Created with python_avatars Stock Doc says:

    You are great Sasha
    Sounds like a margin call. Read between the lines. Margin call, sell out, wait 31 days and then rebuy. That's my opinion.

  27. Avataaar/Circle Created with python_avatars Gray Middleton says:

    Really appreciate this balance Sasha. We all know the market ebbs and flows, but this sustained pain is hard to take. It is for many, the first real test. Managing a $20m portfolio is rather different to the rest of us. But Kevin's sentiment is hugely unsettling and not helpful at all. He's advocating timing the market – something which is notoriously difficult to do. Hope we see the market bottom out soon, or at least the drops become less dramatic.

  28. Avataaar/Circle Created with python_avatars Ian Elliott says:

    I have defended Kevin in the past when you have critised him but this time I think your right. Kevin seems to be changing into a trading gambling channel

  29. Avataaar/Circle Created with python_avatars Duncan says:

    I totally understand what Sasha is saying, Kevin has misled his followers. But at the end of the day, and I don't mean to sound like a d*ck, investing/trading is NOT a team sport. If you're investing/trading and solely rely on what online influencers do, you shouldn't be in the market.

  30. Avataaar/Circle Created with python_avatars Balint Bertok says:

    Kevin got margin called and is saving face by publicly pivoting into a bear and pretend that's why he sold ๐Ÿ˜‚

  31. Avataaar/Circle Created with python_avatars Albu Ru says:

    Sascha i cursed at you a lot of time , but it was just because you FUD CHINA a lot , same thing KEVIN did it , and now you will see CHINA ruling the world ….you so focn domb

  32. Avataaar/Circle Created with python_avatars Matthew Stone says:

    I have lost all respect to Kevin now and personally I think you and Tom Nash are the best Youtubers going over stocks.

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