Street millionaires for investing advice for beginners, Today I’m here on Wall Street during one of the worst financial crashes in history. My goal is to talk to the people and figure out the best way to invest during this crash. And I also want to try to get into the New York Stock Exchange.
they’re not taking me seriously enough, man. Something’s got to change. My boy looks like a criminal right now. We need to get him right. We really need the perfect, simple Stock Exchange outfit. Yeah. I’ll buy this. All right. You think I’m ready for the Stock Exchange now? I think you’re ready for the Stock Exchange. All right, let’s get it.
You have a good one. See you later. Let’s It’s go time. Let’s do it. We’re back on Wall Street. Let’s see what the people have to say now. Excuse me, ma’am. Do you invest in stocks at all? I do, yes. How are you investing during this market crash right now? How am I investing? Yeah, how has your investing strategy changed during the drop of the market? I’m buying more. I love it. Enjoy your day.
Come on. How are you investing right now during this crash? I’m actually just entirely invested in ETFs, mutual funds. I’m in some Bitcoin and some crypto. I have some NEO, some electric car company stocks, and I’m long term. I just save a lot of money, and I do a more conservative ETFs. I invest in different real estate in different states.
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Do you feel like now is a good time to get into the market? Yes. Buy gold. Got you. Buy gold. That’s a good tip. We haven’t heard that one today. Thank you, man. Do you work here on Wall Street? A little bit. What do you say to the young new kids that are just getting into investing?
Is this a good time to get started or maybe wait till things-It’s a good time to get in, but you got to take a long view of it. Definitely. You got to plan for not months, but years, five years, 10 years, and stick with it. I agree with that. You look fresh today, man. Have a good day. Thank you. Are you invested in stocks at all? We spend I don’t have money in any shop.
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Got you. I’m not in the stock exchange. Listen, you’re probably going to be happier doing that. Yeah, because I’m wearing it every day. Yeah, and you look good, too.Thank you. Enjoy your day. See you later. How does this crash look compared to what you’ve seen in the past? The the way the people acting, everything, how different does it seem?
investing advice for beginners That’s a good question. I think in the past two crises, COVID and financial crisis, there was a lot that government could do to really help with a rapid recovery. It’s a different circumstance this time. Over time, the markets have always gone up, and just have confidence that things will recover.
As the afternoon was approaching, people were getting less interested in talking to me, and after being rejected over 100 times, I had truly reached my breaking point.
That might have been the coldest rejection I got so far. And even though it was painful, it was actually great talking to all these people. But I was looking for a real Wall Street legend, and for that, there was only one place I could go.
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Well, we got all dressed up and everything to try to come into the stocking chain. Is it possible to go in there for a video real quick? Unfortunately, this hasn’t been open to the phone since 9/11. So I apologize. No worries. Thank you, man.
I really wanted to go inside, so I decided to make a few phone calls to see what I could do. Unfortunately, I wasn’t having any luck. And then I called my boy Sam.
Yo. What up, bro? We’re here in the city right now. We’re on Wall Street trying to get into the stock exchange. You’re there right now? Right now. I mean, it usually takes about two weeks to get clearance.
But I feel sorry. It looks like you’re in the city right now. Can you come here? Yeah. I’m just finishing up with a client. I’m going to show you about 15 minutes away. I’ll be in for a second. I’ll be right over All right, bro. See you in a couple of minutes.
Yeah. Look, I have to make a call, see what I can do. It usually needs clearance. So I do have one person that usually lets me into this place. I’ve been there before. Super cool experience. Why don’t you make a call? No promises, but let me see what I can do, okay? All right, bro.
Okay, cool. I’m with them now, and then we’ll head over there in a second, okay? All right, cool. Okay, got some cool news for you. What’s up? So a few months ago, I met with this guy, and I want to make sure you guys get hooked up inside the stock market exchange.
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You saved the day, what I got you. Hey, let’s go over there, maybe. Should I take you there? Yeah. All right, cool. I have a meeting in 20 minutes, so I’ll take you there real quick, and then you guys do whatever you want. But I got to run after that. Okay, let’s go.
How are you investing during What do you think about the crash overall? Obviously, the market’s not where it was before, so we shouldn’t be looking at the prices. I think we will be following for the next few months.
But I will be looking at the great companies like Tesla, Amazon, NVIDIA, all the companies that in five years from now will still be rocketing to all time highs and slowly averaging down. However, not overdoing myself, averaging slowly to the extent where I don’t feel over extended inside the market.
investing advice for beginners This is it, man. This is where it all happens. He’s going to be in here in about five minutes. He just confirmed it with me. He’s going to take you to the entrance right over there. They’re going to clear through security. Once you’re in, you can go straight inside, take all the content you need. Thanks again, bro. Got it, brother. All right. Peace out. Got to run.
I’m not going to lie, at this point, I thought we were good. I mean, we had secured an interview with a big dog on Wall Street, but unfortunately, I legally can’t say if we went in there or not, even if we literally did get invited to go inside, which I’m not saying we did. A week after I got home, I was told I am not not allowed to use any of the footage. At first, I was going to scrap this whole video. I’m just sad. I’m super bummed.
We’ll figure something out. But we came such a long way. I couldn’t go out like that. So instead of throwing this whole interview away, I had an idea. So first off, how long have you been coming to the stock exchange?
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Got you. And you’ve seen a lot since then, a lot of crashes, a lot of recessions. How does this current dip in the market relate to those? Do you see a similarity or it’s way I’ve seen the crash of ’87, the bubble of 2000, the financial crisis of ’07, the crazy years under Professor Orange over there.
And then I’ve seen COVID crash. I think this has components to it that I can describe that I’ve never seen before. No one’s ever really had a health crisis this way before. The economies of the world were shut down to zero. The airline, restaurant, hospitality, travel, this, that, and the other thing were basically done.
investing advice for beginners The Federal Reserve bailed us out. But I think if we had not done that, we would be in much bigger trouble than we are now. what’s the best way to invest during these times?
I’m not a financial advisor. Disclaimer all day long. That’s not what I do. Understood. There’s no better time to learn about the market and invest and trade the market than during a crisis because the volatility makes for great learning experience. If you’re an investor looking to get into the market for the first time, you’ve got to learn how to do this. You can make money on an up market and a down market.
Really appreciate item pleasure. First day on Wall Street was a huge success, but honestly, all this suit is uncomfortable, and I don’t know if this lifestyle is for me. I think it’s time to go home. See you guys in the next video. Some tips for him. It’s his first day on Wall Street. It’s his first day on Wall Street, bro. Just work hard.
FAQs
What is the best way to start investing for beginners?
The best way to start investing as a beginner is to educate yourself on the basics of investing, set clear financial goals, and consider starting with low-risk investment options such as index funds or mutual funds.
How much money do I need to start investing?
You can start investing with as little as $100 or even less, depending on the investment platform or fund you choose. The key is to get started and stay consistent with your contributions over time.
Are there any risks involved in investing for beginners?
Yes, all investments come with some level of risk. It’s important for beginners to understand and assess their risk tolerance before making any investment decisions.
How can I diversify my investment portfolio as a beginner?
Diversifying your investment portfolio means spreading your investments across different asset classes such as stocks, bonds, and real estate. This helps reduce risk and increase potential returns over time.
Should I seek professional help when starting out with investing?
While it’s not necessary to seek professional help when first starting out, consulting with a financial advisor can provide valuable guidance and expertise in crafting an investment strategy tailored to your goals and risk tolerance.
Conclusions
investing has the potential to be a very effective technique for reaching financial objectives and gradually increasing wealth. It’s crucial to start modest as a novice and familiarize yourself with the fundamentals of investing before making a commitment. Never forget to diversify your holdings in order to reduce risk and optimize profits. When it comes to making investment decisions, maintain discipline and refrain from making rash choices. You can position yourself to succeed in the world of investing by paying attention to your long-term objectives and heeding the advice in this article. Take the first step today to embark on your path to financial security in the future!