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
GET YOUR FREE STOCK WORTH UP TO $70 ON PUBLIC & SEE MY STOCK TRADES - USE CODE GRAHAM: http://www.public.com/graham
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?
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
GET YOUR FREE STOCK WORTH UP TO $70 ON PUBLIC & SEE MY STOCK TRADES - USE CODE GRAHAM: http://www.public.com/graham
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
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
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?
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
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)
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.
I dont understand why ppl invest millions… unless they have tens of millions🤦♂️
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! 🔓
Thanks for explicating your thoughts after the video review, do you go through difficulties in trades or you wish to invest? DIRECT MESSAGE👇
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Buying stocks of companies has reported to have increased earnings for beginners but other favorable developments has to be considered to anticipate desired trading outcomes.
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
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 👋👋
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 $100,000 fish tank 😆
Hey Graham love your videos. I was wondering if you knew anything about, and what your thoughts were about Mortuary Trusts. My fiancee and I were looking into getting one.
Bad take on gamestop. They have 0 debt, hundreds of millions in cash, good recent quarterly results, Ryan cohen leading, they are moving towards online, & announcing a new ceo soon. After all that, there's massive short positions with huge failer to delivers
Nio was brilliant move. I was pussy investor but look at nka it went 90$ based on hype and nio was 3$ at the time with amazing looking cars and the business up and running
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
Great Content Graham, So few invest and so few know statistics like this. Helpful as always. Hear at GOR we promote healthy investing for each employees benefit. Looking forward to seeing more content.
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This generation has come to a point where we want great returns. Returns like 10% is simply too little we want 10X returns and hence the appetite for risk has grown with it.