Investing In Yourself – Using Pillars to Build Your Core | |
Setting Budgets + Saving for Black Swans | |
How to Open My First Brokerage Account | |
Diversify your Life (Mind, Body, Soul, + Investments) HOW TO SEARCH MY BLOG:  | Get Updates to Your Email When I Create A New Post:  |
Also Coming Soon - a series on #HowtoInvest. People have been reaching especially after the spikes in Gamestop, AMC, and other stock to learn the basics. I self-taught myself how to invest beginning at the age of roughly 18 and have never stopped. To be a good investor and ensure you are not gambling (speculating), I'll cover (hardest parts of investing in RED):
Budgeting 101 - How to Fund Ur Investments?
Why Stocks as an Investment?
What is Ur Investment Profile + Personality?
How to Pick Stocks?
When to Buy Stocks?
How to Enter My Trade?
How Many Stocks Should I Own?
When to Sell Stocks?
Am I Speculating (Gambling)?
Validity - Put that Work In
They wanna know what I gain by showing my people how to Invest, I say, "Validity"
They askin' "What work you put in young brotha?", I'm like, "What didn't we?"
For years now, I have spoken about playing the long game. I try to educate folks that being unbalanced, greedy, and thinking short-term thinking is screwing up the world. It's funny, corporations are measured on a quarterly basis (remember health check). This short-term focus on immediate financial gratification is why Peloton can be worth $150 dollars a share a year ago and now worth $20 - $30 dollars a share today. The economics didn't change, and I questioned the stock from the beginning with my inner circle, my Mansa Musa Network. I'm doing very well in life, and I wouldn't purchase a Peloton bike with yo money. I purchased a used Sole elliptical many years back and that machine is built to last. First lesson -- I purchased it used. Why? Because we all know around January and February, everyone set goals to get physically fit then a few months later human nature sets in, and many abandon those goals. Too many of us are scared to put that work in. Being a value investor, I come in and simply find someone selling and play let's make a deal. You're using it as a coat hanger, now I might too, but for one tenth of the cost you paid for it it's worth the risk. However, I'm going push myself to set goals, track them, and put that work in.
Short-term thinking is hurting people and the world as we are addicted to social media. I jumped off social media a few years ago because the feeling I got reminded me of gambling. I felt good when I got likes and you curate what you share only to get likes. I got nervous I didn't like enough people's stuff. Would someone be mad if I didn't like their photos? I'm busy, and people have liked my posts...I need to go and like theirs in return. I read young kids are scared to go on vacation and often hand their accounts over to friends to KEEP UP the likes on their pages. I see suicide rates hitting closer to home and as a world many of us are not happier inside. I remind you don't be short termed in your thinking, play the long game. Since the age of 18, I literally took a trip every year to view the work and enjoy life. That slowed for me only in the last few years. What changed, family dynamics but mainly COVID. I want to get back out there but for my family and my goals I'm playing the long game...to be here for a while, God willing.
A reminder to put that work in like we are doing here.
Work Hard - Do something that brings value, and someone will pay you for your services
Stretch your World - Explore books, the world, and be intellectually curious. Don't believe the hype on social media or just your block.
Play the Long Game - Stay healthy, make long term investments in yourself and others
Believe in Something - To stay balanced you must believe in something...you will be tested. Are you ready
I've started off 2022, how 2021 ended and everything is clicking. My work is keeping me busy, my investments in real estate and stocks are performing well. I changed my business structure to an S Corp and now employ 3 full time people. I hope to add 3 more by the end of the year. I set goals and my mission is to know them the f&ck down. Why because I was just supposed to be an athlete, a statistic, and it's my job to change that view and uplift those who need my help. Don't believe me...just watch.
Peloton Interactive Inc (PTON Update
Just about a week ago I said the following:
I think Peloton is starting to shape up the same way my Sprint trade did. This stock was once as high as $150 just a year ago. To me, Peloton is just a bike but the stock skyrocketed once it came public. It has fallen from grace to a low of $22 dollars. Like the winter olympics, you don't want a stock chart that is sloping downhill...not good.
Rumor has it companies may be sliding into their DM trying to hookup. I bought some Peloton today because it reminds me of whenever I find Reese's cups for $50c. Usually, it's a time to load up because I just don't see if often. With Peloton, I still struggle with the need for an overpriced exercise bike. I will probably need to interview some actual users to fully understand all the benefits, but I said the same thing about the Apple iPhone and many people are happy with paying for an overpriced phone. I think there is definitely a market for the "connected" use of the bike but clearly, I didn't agree with the price of the stock. I finally feel somewhat vindicated, now that the stock has cratered but it took a while to get here. Long story short, is I can see clearly now the rain is gone. And I think Pelton is worth some risk if Amazon, Apple or other suitors wanna hookup.
Here is where the stock traded in my last post:
Here is where they are trading a week later:
At a high of $39.62 just this week many of us would be up somewhere between $800-$1000 bucks only if you bought 100 shares. Then scale your business and goals. What if you bought more...you do the math? Don't be short term in your thinking...right now everyone is thinking about just a hustle a quick buck. Join our movement because it's built to last. Don't hype drug money and guns that are tearing communities down, focus on sustainable living, wealth creation, education, and leaving something for the next generation.
At a high of $39.62 just this week many of us would be up somewhere between $800-$1000 bucks only if you bought 100 shares. Then scale your business and goals. What if you bought more...you do the math? Don't be short term in your thinking...right now everyone is thinking about just a hustle a quick buck. Join our movement because it's built to last. Don't hype drug money and guns that are tearing communities down, focus on sustainable living, wealth creation, education, and leaving something for the next generation.
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