Just Became A Meme Stock Millionaire

Today we’re wrapper 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 recalls, experience! 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 somebody listed Andrew Dawood, a cabin crew, who turned his $50,000 life savings into $1.7 Billion dollars in really 3 trades…and NOW, going in AGAIN in an effort to reach$ 3 million dollars…at which point, he’ll cash out, and invest in something more stable.

In periods to seeing how others feel…The National Insurances Chief Marketing Analyst said that “there are literally millions of stories that worked out the other way, and that it’s a great sideshow story that are actually 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 if they are that’s an unpopular opinion….I’d say, he’s right. These are still most calculated, speculative assets that could’ve easily lost a significant amount of value, highly fast…and, fortunately, Andrew was correct 3 times in a row while get ALL IN. However, unfortunately…I worry that his aim of reaching$ 3 million gloomed his judgement and effected him to preemptively make another risky investment, like consider NIO would punch $100, and that purposed up expensing him a lot of money.

The trouble 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, deeming out for merely “a little bit more” belies the risk involved in persistently pulping the boundaries to the point where – eventually – there will be a loss.

What most people don’t realise about these counts is that they can REALISTICALLY, and SAFETY reach them…it’s already there…they just need to be patient. Like from my perspective, $1.7 billion dollars is already WORTH$ 3 billion dollars, if you average an 8.5 return over 7 years … so, had Andrew only cashed out, diversified, and waited…he could continue his errand , not lend another dollar more to his account, and in seven years … he’d have his$ 3 million dollar goal without needing to risk his coin.

Yes, it is true that TOO FEW parties are investing…it’s also true that SAVING ALONE isn’t going to build wealth, you likewise need to combine that with a growing income and a consistent investment…but, house affluence 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 was possible to recommend as a clang mode 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 extremely seducing to continually locate the chips back on the table and YOLO another million?

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