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In this video, I cover how Peter Schiff recently argued against Cathie Wood and whether these arguments have any substance behind them.
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Over the past decade, Cathie Wood has proven herself to be a leading investor in today’s financial markets. Although Cathie has been in the investing space for decades, it wasn’t until recently when she started gaining traction. In the meantime, the critics against Cathie have also garnered substantial attention. Amidst the crowd of critics is none other than Peter Schiff, the founder, and CEO of EuroPacific Capital, a brokerage advisor, and broker-dealer. Peter is an outspoken man who has started wars with many prominent leaders, and one of which actually includes Elon Musk. This video will go in-depth into a heated war initiated by Peter Schiff against Cathie Wood. Welcome to Casgains Academy. If you’re new to the channel, please consider subscribing for more content like this, and let’s get right into it. Cathie Wood is extremely bullish on all five of ARK Invest’s innovation platforms, blockchain technology, genome sequencing, robotics, artificial intelligence, and energy storage. One of these just happens to be the technology behind Peter Schiff’s least favorite asset class: cryptocurrencies. Schiff is a major supporter of gold and has been touting gold as the key for the US to have a strong monetary system. As cryptocurrencies rose, and especially Bitcoin, his hatred for cryptos only grew more and more. At the beginning of January of this year, he said, “For years, I’ve argued with Wall Street economists, academics, and financial professionals that a monetary system based on gold is superior to one based on fiat. But never have I heard more preposterous arguments against #gold than the ones I’m hearing now from #Bitcoin advocates."
In other words, Schiff is calling Bitcoin advocates delusional. However, Schiff didn’t start targeting Cathie Wood until recently. In March of 2021, Cathie Wood went on CNBC to say that Bitcoin was most correlated with real estate. In Cathie’s opinion, going forward, Bitcoin may be more correlated with fixed-income assets like bonds. Peter responded to this statement on his podcast, the Peter Schiff show. He called it one of the most ridiculous statements he has ever heard.
On the surface, Peter’s argument makes a lot of sense. Bitcoin being correlated to real estate is quite strange, to say the least. However, a deeper dive shows that this argument is taking Cathie’s statement out of context. In the interview that Peter is referring to, Cathie mentioned that Bitcoin is not highly correlated to anything at all.
Based on the data, Bitcoin is definitely not correlated to the other assets in the financial markets. This is a chart showing the price of Bitcoin, the S&P 500, a bond ETF, and a real estate investment trust over six months. As you can see, Bitcoin’s price is not correlated at all to the other assets, and even on a one-month chart, Bitcoin remains an outlier from the group. Nevertheless, Peter had more to say. He explained that “All she did was load up on the most well-known, over-valued stocks in a bull market that bubbled up. Let’s see how she performs during a bear market.” I’m not here just to oppose Peter’s arguments, but there is a major flaw in this statement. Cathie Wood was actually a portfolio manager during both the dot-com bubble and the 2008 recession. From 2001 to 2013, Cathie served as the Chief Investment Officer at AllianceBernstein, where she generated an average annual return of 5.6%. This was slightly higher than the S&P 500’s return of 4.2% per year over the same time frame. Of course, this isn’t the best, but not the worst. After compounding this return on a 12-year basis, we can see that Cathie outperformed the market by roughly 28%. Clearly, Cathie Wood didn’t perform the best. This was mainly because she failed to time the housing collapse in 2008. In 2006, she predicted the housing crash and scaled back in her funds. However, in 2007, after underperforming in 2006, she reversed her fund. By 2008, her fund crashed 45%, significantly lower than the S&P’s return of 37% (Do a graph animation using the two columns here. The main criticism of Cathie Wood from Peter is that she is just investing in stocks that everyone else has. On Peter’s podcast, he explained this argument in-depth.
In this video, I cover how Peter Schiff recently argued against Cathie Wood and whether these arguments have any substance behind them.
Casgains's Recommended Investing/Business Books: https://docs.google.com/spreadsheets/d/1DI8ca5GLEfQXU34uplO3E3w6YHXbvMbK1JR-GxXBeUc/edit?usp=sharing
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Over the past decade, Cathie Wood has proven herself to be a leading investor in today’s financial markets. Although Cathie has been in the investing space for decades, it wasn’t until recently when she started gaining traction. In the meantime, the critics against Cathie have also garnered substantial attention. Amidst the crowd of critics is none other than Peter Schiff, the founder, and CEO of EuroPacific Capital, a brokerage advisor, and broker-dealer. Peter is an outspoken man who has started wars with many prominent leaders, and one of which actually includes Elon Musk. This video will go in-depth into a heated war initiated by Peter Schiff against Cathie Wood. Welcome to Casgains Academy. If you’re new to the channel, please consider subscribing for more content like this, and let’s get right into it. Cathie Wood is extremely bullish on all five of ARK Invest’s innovation platforms, blockchain technology, genome sequencing, robotics, artificial intelligence, and energy storage. One of these just happens to be the technology behind Peter Schiff’s least favorite asset class: cryptocurrencies. Schiff is a major supporter of gold and has been touting gold as the key for the US to have a strong monetary system. As cryptocurrencies rose, and especially Bitcoin, his hatred for cryptos only grew more and more. At the beginning of January of this year, he said, “For years, I’ve argued with Wall Street economists, academics, and financial professionals that a monetary system based on gold is superior to one based on fiat. But never have I heard more preposterous arguments against #gold than the ones I’m hearing now from #Bitcoin advocates."
In other words, Schiff is calling Bitcoin advocates delusional. However, Schiff didn’t start targeting Cathie Wood until recently. In March of 2021, Cathie Wood went on CNBC to say that Bitcoin was most correlated with real estate. In Cathie’s opinion, going forward, Bitcoin may be more correlated with fixed-income assets like bonds. Peter responded to this statement on his podcast, the Peter Schiff show. He called it one of the most ridiculous statements he has ever heard.
On the surface, Peter’s argument makes a lot of sense. Bitcoin being correlated to real estate is quite strange, to say the least. However, a deeper dive shows that this argument is taking Cathie’s statement out of context. In the interview that Peter is referring to, Cathie mentioned that Bitcoin is not highly correlated to anything at all.
Based on the data, Bitcoin is definitely not correlated to the other assets in the financial markets. This is a chart showing the price of Bitcoin, the S&P 500, a bond ETF, and a real estate investment trust over six months. As you can see, Bitcoin’s price is not correlated at all to the other assets, and even on a one-month chart, Bitcoin remains an outlier from the group. Nevertheless, Peter had more to say. He explained that “All she did was load up on the most well-known, over-valued stocks in a bull market that bubbled up. Let’s see how she performs during a bear market.” I’m not here just to oppose Peter’s arguments, but there is a major flaw in this statement. Cathie Wood was actually a portfolio manager during both the dot-com bubble and the 2008 recession. From 2001 to 2013, Cathie served as the Chief Investment Officer at AllianceBernstein, where she generated an average annual return of 5.6%. This was slightly higher than the S&P 500’s return of 4.2% per year over the same time frame. Of course, this isn’t the best, but not the worst. After compounding this return on a 12-year basis, we can see that Cathie outperformed the market by roughly 28%. Clearly, Cathie Wood didn’t perform the best. This was mainly because she failed to time the housing collapse in 2008. In 2006, she predicted the housing crash and scaled back in her funds. However, in 2007, after underperforming in 2006, she reversed her fund. By 2008, her fund crashed 45%, significantly lower than the S&P’s return of 37% (Do a graph animation using the two columns here. The main criticism of Cathie Wood from Peter is that she is just investing in stocks that everyone else has. On Peter’s podcast, he explained this argument in-depth.
Over the past decade, kathy wood has proven herself to be a leading investor in today's financial markets. Although kathy has been in the investing space for decades, it wasn't until recently when she started gaining traction. In the meantime, the critics against kathy have also garnered substantial attention. Amidst the crowd of critics is none other than peter schiff, the founder and ceo of euro pacific capital, a brokerage advisor and broker-dealer peter is an outspoken man who has started wars with many prominent leaders and one of which actually includes elon musk.
This video will go in depth into a heated war initiated by peter schiff against kathy wood. Welcome to caskians academy, if you're new to the channel, please consider subscribing for more content like this and let's get right into it. Kathy wood is extremely bullish on all five of ark: invest innovation platforms which are blockchain technology, genome, sequencing, robotics, artificial intelligence and energy storage. One of these just happens to be the technology behind peter schiff's least favorite asset class.
Cryptocurrencies schiff is a major supporter of gold and has been touting gold as a key for the us to have a strong monetary system as cryptocurrencies rose and especially bitcoin. His hatred for cryptos only grew more and more at the beginning of january of this year he said for years. I've argued with wall street economists, academics and financial professionals that a monetary system based on gold is superior to one based on fiat, but never have. I heard more of her prosperous arguments against gold than the ones i'm hearing now from bitcoin advocates.
In other words, schiff is calling bitcoin advocates delusional. However, shift didn't start targeting kathy wood until recently in march of 2021, kathy would win on cnbc. They say that bitcoin was most correlated with real estate in cathy's opinion going forward, bitcoin may be more correlated with fixed income assets like bonds. Peter responded to the statement on his podcast.
The peter schiff show he called it one of the most ridiculous statements he has ever heard. She said right now, the asset to which bitcoin most correlates is real estate, which you know, makes no sense whatsoever. I mean how is bitcoin like real estate, i mean first of all, real estate doesn't really trade, i mean you see. Bitcoin can go up and down uh 20.
In a day i mean that doesn't happen in the real estate market. So i don't even know what she's talking about unless she's looking at a long-term chart, maybe 10 years and seeing hey bitcoin, is up over the last 10 years and so is real estate and therefore they're correlated, which makes no sense whatsoever other than the fact that Real estate is also in a bubble, but to say that bitcoin is correlated to real estate is completely ridiculous. I mean how is this woman supposed to be so smart, yet she makes an observation so dumb on the surface. Peter's argument makes a lot of sense. Bitcoin being correlated to real estate is quite strange, to say the least. However, a deeper dive shows that this argument is taking kathy's statement out of context in the interview that peter's referring to kathy mentioned, that bitcoin is not highly correlated to anything at all. What's been interesting about the correlations uh bitcoin to any other asset class is the correlations have actually been very, very low over time. In fact, the highest correlation is between bitcoin and real estate.
We do think it will be uh, it will behave. Actually, i would say more, like the fixed income markets, believe it or not, based on the data. Bitcoin is definitely not correlated to the other assets in the financial markets. This is a chart showing the price of bitcoin, the s, p, 500, a bond etf and a real estate investment trust over six months.
As you can see, bitcoin's price is not correlated at all to the other assets and even on the one month chart bitcoin remains an outlier from the group. Nevertheless, peter had more to say, he explains that all she did was load up on the most well-known overvalued stocks in the bull market that bubbled up, let's see how she performs during a bear market - i'm not here just to oppose peter's arguments, but there is a Major flaw in this statement, kathy wood was actually a portfolio manager during both the dotcom bubble and the 2008 recession from 2001 to 2013 kathy served as the chief investment officer at alliance bernstein, where she generated an average annual return of 5.6 percent. This was slightly higher than the s p, 500's return of 4.2 percent per year over the same time frame. Of course, this isn't the best, but not the worst.
After compounding this return on a 12-year basis, we can see that kathy outperformed the market by roughly 28. Clearly, kathy wood didn't perform the best. This was mainly because she failed the time the housing collapsed in 2008.. In 2006, she predicted the housing crash and scaled back in her funds.
However, in 2007 after underperforming in 2006, she reversed her fund by 2008. Her fund crashed 45 percent. The main criticism of kathy wood from peter is that she is just investing in stocks that everyone else has on peter's podcast. He explains this argument in depth not like she is uncovering some hidden gems she's, finding these innovative companies that nobody really knows about and then she's buying them before the crowd finds out about.
I mean she's buying the stocks that the crowd is already in and that the crowd continues to pile into her strategy is just to buy the most expensive hyped overvalued stocks and just hope they keep going up. Peter's argument centers down on the fact that a lot of retail investors own the same stocks as arc invest. This is definitely true to a certain extent. Most notably tesla had a lot of retail investors before it was significantly in value. However, in my opinion, this isn't a problem at all. As long as fund managers crush the s p 500 and generate enormous returns using reasonable investments, there shouldn't be any complaints with that being said, we need to see peter's returns as well, because he's obviously taking a stab at kathy wood, but first i want to show You, the elephant in the room for those of you who don't know peter, has been warning about a crash over and over again for years. Take a look at some of the books that he has been selling 2007 crash proof how to profit from the coming economic collapse. 2009 crash proof 2.0, how to profit from the economic collapse.
2010. The same book again crash proof how to profit from the coming economic collapse. 2011. The same book again crash proof 2.0, how to profit from the coming economic collapse? 2014: the real crash america's coming bankruptcy: how to save yourself in your country? 2016? What do you know? The same book again, the real crash america's coming bankruptcy: how to save yourself and your country updated for 2016., just like harry dent another market crash predictor peter schiff is a broken clock.
That book list is honestly really embarrassing. Now what are peter's returns? I first thought i already knew they weren't going to be great because he has been protecting himself from the quote: unquote next great crash for years. If anything, they must be negative. Peter schiff always talks about inflation and the implications of high inflation ahead.
However, his funds are offering the opposite of inflation, because his funds are literally deflating in value. His company euro-pacific capital offers five mutual funds which have all had awful performance over the past decade. His euro pack international value fund is literally down 4.4 since inception. In april of 2010., not only that, but the fund also has an expense ratio of 1.75 percent, which is definitely not warranted after looking at his returns, if you don't know what an expense ratio is, this means that every year, peter receives 1.75 of the amount of Money in his fund, regardless of whatever horrible performance he had.
Additionally, his international dividend fund is down 8 since january 2014.. That dividend fund has an expense ratio of 1.52 percent and a dividend yield of 2.06 percent. As a result, his dividend fund, which is supposed to give investors an above average dividend, yield, only gives roughly 0.54 per year in dividends. Even his best performing fund is only up 64 since inception in december 2010..
What's even more embarrassing is that his international bond fund is down 11 since inception in november 2010.. This international bond fund has a 1.15 expense ratio and a 1.11 dividend yield, so it literally has a higher expense ratio than the dividend yield itself. This quote-unquote expert predicted the 2008 recession and thought he was the king of the financial world ever since then peter has been predicting crashes every month. I don't know how this guy gets any credibility at all. He is literally saying the same thing over and over again in the middle of may. He called kathy wood, a clueless economist, but at this point in his career he should be saying that to himself she thinks she's as brilliant as all the the press clippings about her brilliance. So she is not objective. She cannot see clearly what is going on just like you know the type of mentality that people had during the dot-com bubble, so i don't think she's actually lying.
I think she actually believes this and it's very unfortunate not only for herself, but it's very unfortunate for people who have followed her into these funds. Peter then claims that kathy wood's innovation fund are kkk would collapse over 50 percent to its 52-week low. Since then, air kkk has only continued the rebound from its low prices a month ago, because it used to be 160, and now you can buy it for 103.. 160 was ridiculous.
103 is just less ridiculous. The fund is going down, the 52-week low is 54.31, and i bet that before the year is over, that fund takes out that low. In my opinion, it's not unlikely that a crash of some kind will happen in the next year or two. It could be a 10 to 20 correction, a recession or just a sector-oriented crash, but all of that is natural within the long-term economic cycle and if peter thinks that arrow kkk will go below 54 per share, then he should put his money where his mouth is And initiate a short position on the etf at first, this was going to be a video contrasting the arguments of the two individuals, but a deeper analysis of peter schiff shows that he is simply outclassed in skill, kathy predicted that lumber prices were going to collapse.
One month later, lumber prices collapsed. On the other hand, peter thought that lumber prices were going to continue skyrocketing. Even short-term trends like lumber prices were predicted correctly by kathy wood, a long-term investor, whereas peter a short-term predictor failed miserably. Today, peter is touting his 2008 prediction.
As if he knew it all along, however, as we can see with his predictions, he is a broken clock that always shows the same time. Let me know whether you think peter schiff has any credibility down below if you're interested in my personal research reports my buy and sell alerts, how i navigate my new 25 000 portfolio, which i have a goal of growing to 100 000 exclusive valuation spreadsheets. In my main portfolio check out my patreon in the first link down below, if you enjoyed this video, please hit the like button and subscribe and i'll see you in the next one.
I want to hear what Casgains thinks. We already know what the other big name guys & gals think.
Peter schif is basically a snake oil salesman. If he keeps saying there's a crash coming, eventually he'll be correct because crashes do happen. To say there is a crash coming is like saying it's going to rain… it will happen eventually.
Damn peter in high school you was the man peter, now his son is saving his poor dad that be the next book.
Screw Peter, he is underestimating the debt-based economy. Cathy Wood is a bogus crook too. She buys potential hype stocks, and shill among retail. Since when we are in a bull market? 10Y? Yeah.
Ark is a growth ETF, it needs hype stocks there. If anyone does the same, with other people's money for 10Y secular bull, the same would happen to him. x)
This guy is the biggest looser , he has been told to buy BTC since it was less than $10
Peter Schiff is a laughing stock in the investing world. He pathetically repeats the same tale to a certain audience that feeds off doom and gloom videos, and he grifts from sponsorships along the way. Nice video.
1st 10 seconds of this video full of untruths – Ark started 7 years ago – not decades ago. Only ridden a bull market. This channel is just a cheer squad – honestly wondering if they getting paid by Ark ?
How many years, no, decades, does someone have to be wrong about everything until people stop listening to him?
PS gives stackers a bad name. He is a gold huckster, trying to drive demand via fear. It’s his only play. Have dropped in on his podcast for at least 2 years, ‘everything but gold and silver will collapse, Oh and btw, I can sell you these undervalued assets’ is all he says.
Guys like Peter and other goldbugs get stuck on classical economic principles, complain about modern economic theories and how they don’t work, but then explain how it wont work based on classical economics. I see this all the time. I’m not saying there’s anything wrong with classical economics…..it worked well for us for a long time…..but you can’t apply those principles to an economy that is as highly manipulated and controlled as ours. Plunge protection team, anyone? Stock buybacks? Blackrock? Classical economics dont apply when the powers that be can openly manipulate, print debt based currency at will, and and effectively change the rules of the game whenever they please.
Peters trying to guess crashes which is a fools game.
Wood has gained notoriety at the top of a 10+ yr bull run. No shit she's had good returns. Wait for a bear market if her fund does well, I'll gladly say I was wrong
That fund with the yield of less than 1% says it all. I don't know how this guy manages to attract investors. Probably the same kind of investors who put their money in Nikola stock.
Peter would be right if it were not for QE which is enriching the rich and causing a bubble. However if you want to make money then you don't fight the FED.
Well, I take your points against Peter Schiff seriously, though I think your analysis is missing the core point. Most investment funds invest with mostly short-term and some medium-term time horizons. A company like Peter's, which is relatively rare in the grand scheme of things, invests almost entirely with a long-term and just a few short & medium-term time horizons. His heavy emphasis on safety and having relatively high expense ratios causes him to significantly under perform the market. Peter is philosophically and ideologically opposed to the kind of investing that Cathie Wood does, so his under performance in what Peter considers a fictitious investing environment really shouldn't be that surprising. Peter is expecting a certain kind of devastating climactic end to the global economic and financial system that will be unlike anything seen since the fall of the Roman Empire, and he wants to in the best position for that specific circumstance. Unfortunately for Peter, the inevitability of such an event doesn't speak AT ALL to it's imminence, which is why Peter is so often referred to as a "broken clock". There are many many people who have been expecting this same event that Peter expects since the early 1970s, and it simply hasn't happened…YET. This goes back to the famous quote from John Maynard Keynes when he said, "The stock market can remain irrational longer than you can remain solvent." This is true of not only the stock market but also of the global financial system upon which the stock market rests. We'll just have to see if Peter and his "investors" can actually remain solvent and beat the irrational sock market and fictitious global financial system. He's betting that he can, and you're casting considerable doubt on that possibility. Good food for thought in any case.
All these people that love Cathie Woods and hate Peter Schiff… so funny. Cathie buys high and sells low, she chases momentum, she pumps and dumps. Look what she did with Alibaba it is HILARIOUS! You're all going to be bag holders!
Keep drinking the Kool aid because on the Economics front Peter is vastly superior to most commentators including Kathy Wood who cannot see the fast moving train falling off the rails!!
Thanks for this. I have thought Schiff was a manipulation clown for years. A thief would be a kind word for him.
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Just because Peter is not right yet. Does not mean he wont be. You confused him with a short term investor when he has always spoken long term. Im shocked at how much the fed can print and get away with. We cant continue to print our way out of the bubble we have created. Its hard to comprehend peter with the acceptance of the mainstream narative. Or the false left vs right paradigm. Only libertarians will understand him.
Peter has been singing the same chicken little song for at least 20 years now. Eventually he will be right.
This video has faulty logic and to say Peter is a broken clock and doesn't know anything is equally foolish as Peter is extensively educated in Austrian Economics which might be while Michael Saylor refuses to debate. Saying Peter released what five books? lol, Peter has two books they were updated as any book with stats in it should be. The other argument that Cathie Wood knows what she's talking about because her fund outperformed Peter is sadly more foolish logic, by that logic all Bitcoin investors who were successful know what they're talking about.
This guy was a bear since the day i know abt his name, He is a gold bug, And sure one day he sure to be right, But problem is that
u would have miss lot of money making if you listen to his rubbish.
I gave a thumbs up to this video since it was an excellent expose on Peter Schiff's dubious investing strategy, however I do have a concern about Cathy Woods judgement based on her love of BTC, especially since she seems to be off with Bitcoin going to $500K, so how can we trust her judgement on other things? We know central banks are very opposed to crypto as it will interfere with their currency control and issuing their own CBDC. When they and the central governments that back them decide to totally repress it, or if they offer a more widespread use alternative, then people will sell it off. BTC currently has fatal flaws, it can only do 11 transactions per second (Lightning is not proven yet and has its own issues), compared to the 24,000 per second transactions occurring now in the global financial system. Also, BTC lacks privacy as it can be tracked by government authorities as had been seen with ransomware or cyber attack ransom payments in BTC. Burry is right that BTC is a speculative bubble since its only value is when money flows in and pushes it up, very little intrinsic value especially if CBDC pulls the rug out from under it. Its almost like a group communal bank account that is only as good as people staying in it, but like musical chairs when they stop the music then those left without a chair lose out. At least with solid equities as Charlie Munger has shown even when it drops hugely in nominal value there is still the intrinsic value of the company assets. Another scenario to think of: what if everyone did keep buying BTC and the dollar gets trashed, then if it hits $500K do we really think it won't also depreciate in value, i.e. what it can buy? Even with whole notion of there being only a limited number of BTC will everyone be able to go out and buy yachts, mansions, islands with it??? Limited supply of things to buy with a vast nominal value of BTC? Basic supply and demand economics would suggest BTC even at $500K nominal dollar denominated value will be just as worthless as the depreciated dollar its denominated in. Any intelligent, fact based rebuttal of these concerns and not from a Bitcoin cult follower who is blind to these realities?
of course he is hating crypto because it makes him obsolete. its funny though. Everything Cathy has said over the last 18months has been more accurate than any other analyst ive listened to.
Peter Schiff says so many things he’s bound to be right just like a broken clock
Peter Is a bubble boy who waits around for crashes while market prints gains year in and year out. One day he will have his shine but will miss out on gains 95% of the time.
Peter schiff thinks the market is wrong because of some Austrian economic philosophy and “ethics”… and thus he gets the market wrong
market crashes are an opportune time to protect capital in the sense that one can gain years of growth from the bottom of a crash in a matter of months. this last crash provided over a decade of growth in majority of stock. Always be ready to jump at these opportunities.
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the question you should be asking why is Cathie Wood suddenly receiving so much attention??
Most of her income is from mgmt fees not from investing
Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $20,000 per week
I invested in Tesla back in 2013, I was very much a bear,My reasoning was simple: Tesla was trying to do what no American automaker has done so far: Develop and sell a mass-market electric vehicle. It was trying to do what no American company had done in nearly a century: Start up a new auto manufacturing business. To take it a step further, I bought 40 shares from Tesla miners, investing about $1,800 in total with part of the proceed from a 401(k) rollover. At the $908 per share price I sold at,that's a realized profit of $35,000! It may not be a life changing money, but it's an incredible return nonetheless,Now I am working with 3 asset Gold, Silver and Crypto all are good but crypto investment is the mother of them all, Crypto has followed this pattern for sometime now, it dips and gets everyone scared then after retesting an old resistance several times, we wake up one day to see it is bullish. This period is the perfect time to buy the dip and accumulate irrespective of the bulls being under pressure. Bitcoin moving up is inevitable and would see the price of bitcoin surpass it's all time highs. The reversal was imminent because obviously, the bitcoin market needed a correction to gather the right momentum to give the bulls more steam and this just make it the perfect time to invest and accumulate as much as possible. I'd strongly advice any newbie/traders to buy the dip for traders who are still wondering whether to enter the market or old time traders who are Holders to seek help from not just any trader but an established trading expert with at least 89% trade accuracy. I underwent a series of trading losses I'd best not talk about before I was introduced to trading analyst Expert Mrs Pamela Morgan My contact with her has being the hallmark of this year for me,under her careful guide and her signal service I've been able to recover my losses and even grow my trading portfolio massively from 1.2 btc to 4.6 btc in just 5 weeks. I will advice traders especially newbies to have an orientation of trading before they get involved in it. Expert Mrs Pamela Morgan makes you learn daily while you make profits with her signals
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This Peter guy doesn't even have common sense. I saw a video about his argument with Pompliano about Bitcoin, and he's argument is really nonsense. He rationed how gold is more valuable than Bitcoin. Any one can pull out a chart an compare the performance between gold and Bitcoin over the last decade, and can see that Bitcoin outperforms gold in terms of yield. He's just a plain grumpy old man.
What the hell? Where does this guy get his credibility? He’s a complete loser in the market. His funds are horrendous.