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Let's talk about investments (part 1) - Three investment "instruments" to avoid:
1. Forex Trading.
2. Sport betting.
3. Crypto-currencies.
- A THREAD
#2020Vision
1. Forex Trading.
2. Sport betting.
3. Crypto-currencies.
- A THREAD
#2020Vision
1.1. FOREX
1. Let's say I have a model for gaining 5% or more return per month. And this model is a zero sum game (like Forex trading).
Why in the world would I teach anyone else my model?
That's the question you need to ask before signing up for a Forex trading class.
1. Let's say I have a model for gaining 5% or more return per month. And this model is a zero sum game (like Forex trading).
Why in the world would I teach anyone else my model?
That's the question you need to ask before signing up for a Forex trading class.
1.2 FOREX
Why is this person selling a book/teaching course if they can make 60% return per annum?
It's because they don't make 60% a year. Nobody does.
Someone said 90% of Forex traders make a loss 90% of the time.
Don't be deceived. Most traders lose money in the long run.
Why is this person selling a book/teaching course if they can make 60% return per annum?
It's because they don't make 60% a year. Nobody does.
Someone said 90% of Forex traders make a loss 90% of the time.
Don't be deceived. Most traders lose money in the long run.
1.3 FOREX
Here's a deep dive into why Forex trading as a path to financial security is a mirage. https://twitter.com/tayooye/status/1186133074045743104?s=20
Here's a deep dive into why Forex trading as a path to financial security is a mirage. https://twitter.com/tayooye/status/1186133074045743104?s=20
2.1 CRYPTO
Money is:
1. A means of exchange.
2. A store of value.
Crypto currencies fail both tests.
1. I can't exchange it for most things.
2. It changes value arbitrarily.
Maybe it will become valuable in the future; maybe it won't.
It's NOT an investment. It's speculation.
Money is:
1. A means of exchange.
2. A store of value.
Crypto currencies fail both tests.
1. I can't exchange it for most things.
2. It changes value arbitrarily.
Maybe it will become valuable in the future; maybe it won't.
It's NOT an investment. It's speculation.
2.2 CRYPTO
I could write a thesis on the flaws of cryptocurrency "investing" but it won't be as good as this absolute takedown of the madness by Mr. Money Moustache.
Read it. https://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
I could write a thesis on the flaws of cryptocurrency "investing" but it won't be as good as this absolute takedown of the madness by Mr. Money Moustache.
Read it. https://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
3.1 Sport betting.
The ONLY people who get rich from gambling are casino owners.
The ONLY people who get rich from sport betting are platform owners.
The ONLY people who get rich from gambling are casino owners.
The ONLY people who get rich from sport betting are platform owners.
3.2 Sport betting
If you live in Africa or the Caribbeans, walk around your neighborhood. It's filled with sport betting addicts in tattered cloths and betting platform owners in BMWs.
Sport betting steals money from the most vulnerable to top up the pockets of millionaires.
If you live in Africa or the Caribbeans, walk around your neighborhood. It's filled with sport betting addicts in tattered cloths and betting platform owners in BMWs.
Sport betting steals money from the most vulnerable to top up the pockets of millionaires.
Sport betting.
Please. Don't even bet for fun.
It's a cancer that is destroying communities and neighborhoods. https://twitter.com/tayooye/status/1150779593365893120?s=20
Please. Don't even bet for fun.
It's a cancer that is destroying communities and neighborhoods. https://twitter.com/tayooye/status/1150779593365893120?s=20
Bottom line.
Avoid:
1. Forex Trading.
2. Sport betting.
3. Crypto-currencies.
They are not good models for investing for your future.
We will talk about investments to consider instead on Thursday.
Avoid:
1. Forex Trading.
2. Sport betting.
3. Crypto-currencies.
They are not good models for investing for your future.
We will talk about investments to consider instead on Thursday.
Don’t gamble with your money. Invest.
How to invest.
https://twitter.com/tayooye/status/1173789393628336128?s=21 https://twitter.com/tayooye/status/1173789393628336128
How to invest.
https://twitter.com/tayooye/status/1173789393628336128?s=21 https://twitter.com/tayooye/status/1173789393628336128
One final thought.
Maybe you’re a math genius with a great FX or Crypto model that works for you.
That’s ok.
But I speak to regular people who may not have the sophistication you do with financial math.
If it’s likely to get the average person in trouble, I advise against it.
Maybe you’re a math genius with a great FX or Crypto model that works for you.
That’s ok.
But I speak to regular people who may not have the sophistication you do with financial math.
If it’s likely to get the average person in trouble, I advise against it.
