Hey themonkway! We miss your videos! I know it’s a shitload of work but you’ve been so helpful to your community! Please continue! :)
5 years ago | 3
It will hit a point where it gets so cheap people will have to buy in. Like if Microsoft were to hit 80 or apple at 100, you'd be dumb not to buy it at such a deep discount.
5 years ago | 1
60% atleast. This is worst than 2008. We must be in home for 2 months. Thats huge. In 2008 people could work but in this situation, they cant.
5 years ago | 1
Regardless of how much it ends up dropping, the market has a 100% success rate of coming back. "I'm fine with losing money in the short term but I'm not fine with not making money in the long term".
5 years ago | 1
Thanks for the post dude!! Looking forward for your new videos if you decide to come back. I agree the market has still room to drop. Do you mind me asking why are not posting videos? Miss your videos ❤️
5 years ago | 2
Hi Monk, Good to hear from you. Did you sell out all your stocks and now scaling in sp500. Hope you sold at a good price.
5 years ago | 2
Hey Monk, please tell us what have you been up to? Why the long hiatus? Also, why do you think the SP500 would drop 50%? Is your guess this time as good as your guess with ACB?
5 years ago | 1
The Monk Way - Stock Market Videos
Hello everyone, sorry about not making new videos, not sure when I'll be back.
Hope all is well, here's a small update.
With this new pandemic we're facing, how long do you think the market will drop? Personally I'm about 80% cash and I've started investing in the S&P 500, about 10% in so far because I think there is more room to drop, I see as much as 50% or more in the coming months, what do you guys think? You can invest in the S&P 500 if you feel it's right with the symbol VOO for Americans, or VSP and VFV for Canadians, it's currently on a 30% drop. If it recovers from here, you could get 43% returns from a 30% drop, 67% returns from a 40% dip, or 100% returns from a 50% dip, slowly buying in to lower your average price is a simple strategy I'm following. I will also buy single stocks but with around 10 to 20% of my money.
Some tips for this pandemic, from following this pandemic for the past 2 months:
Wash your hands with any kind of soap for 20 seconds, every time you go outside, touch anything that may have come in contact with the outside, before and after you eat. Soap kills this virus, sanitizer also works but since it's rare, soap works every time. You may consider wearing gloves as well if you go outside, you won't need to sanitize if you have gloves on, as long as you don't touch your face.
Masks work, first they prevent you from spreading the virus if you have a cough or sneeze, second it prevents you from touching your face, which is the main way you get the virus. Since there is a shortage, N95 masks should be saved for medical workers, but you can make your own simple masks yourself or use a scarf, any kind of protection is better than nothing. You can also protect your eyes with any kind of glasses or goggles, preventing droplets from entering your eyes and preventing you from touching your eyes.
Stay home if possible, it can be boring but if everyone stayed home for a month, in a perfect world, no one else will have to die, being outside means you could be indirectly causing harm to older people as well as people with health issues.
Get a month or more of supplies, but don't hoard. No one needs 10 big packs of toilet paper, buy what you need for the coming month or two. This means you won't have to go out as much, decreasing the chance of getting the virus or infecting others. The virus can last for 1 to 3 days on surfaces such as cardboard or plastic, so letting your supplies sit for a week is a good idea. Research has shown it lasting as long as 9 days outside the body. I leave my groceries for a week before using it, or wipe it down with Lysol disinfecting wipes, which is shown to kill the virus.
Young people can get this virus. Anyone of any age can get this virus and spread it to loved ones or other young people with health issues. Act responsibly, even young people can have complications and need hospital care, causing higher work load and preventing others from getting treated. You don't have to shown symptoms to spread the virus, it can take 14 days before you show signs of infection and you can spread it during those days!
That's all for now, stay safe everyone!
5 years ago | [YT] | 44