People on these responses are hilarious. Everyone knows the answer obviously. If there was ONE answer we would all be rich. Its amazing though how after educating yourself and controlling the info that you as a person thinks how some of the common thought processes are literally insane. Majority of people telling you to diversify your portfolio dont even have one themself. Dont forget the people who say Real Estates to risky or just save. They need to research themself!
you guys are stupid for giving into this scam by capitalist punks. your throwing away precious money to company share holders. if you want to make money the right way GET A FUCKING JOB!!! AND PUT IT IN YOUR BANK. its so simple. you guys are just gambling
I own five houses, twenty cars, and make roughly $200,000.00+ a year buying/selling both of those items. So, he has a point here. Buy a house or car, fix it up over the course of a couple of months, sell it, repeat. It's not too hard, believe it or not. The hard part is saving up for the first house/car; even then, that's what loans are for.
Yes own R.E. if currency inflates, hope you will be able to pay the tax on the property. And: how is it that if you own shares in an oil industry, the stock of that company can be worthless? will mankind cease to use oil products?? I agree fiat money is devaluing; it is a problem, so what other commodities make sense to own?
ok if thats true why do you invest in the market your self .and if you dont what is it that you invest and make 20 pct a year. also why is it that millions of people still invest in stock and bonds even the super rich still invest in the stock market.
Looking for serious and hard working people who want to earn good money working on my team. Email me at: foster_236@hotmail.com and I will send you an Eligibility Form to fill out. If all is well then you can start working on my team ASAP!
in australia,there is such a law that if a borrower can prove that a bank or an institution allowed him/her to borrow some money,even they knew that he's not capable to pay,they can sue the bank. I don't think during the boom,no one imposed this in america, everyone who can't afford to buy homes suddenly can,and those who already have,upgraded their homes.BUsh administration failed big time in imposing these laws, his administration overlooked what would be the effect after these party.
china's biggest source of raw materials came from australia,and mining is one of our biggest source of income,this is the initial reason why we are affected and the others are panic from around teh world,and people here start cutting their cost of spending,when people stop buying,busineses will cut their employees too. at least we have a good governance and it's people who are not driven by greed-our referee did his job and everyone played a fair game at least,that saved us from full recession.
before good and services went on market,their need capital,and they need investors to help them finance for expansion,expansion means creating jobs.the role of governance is the role of a coach in the playing field,he make sure that every player no matter what position they played as in workers,business owners,investors,etc,they give their a fair game,not everyone can be in the same position,some are workers,some are managers,etc,this is why Bush administration failed big time,malpractices overl
check out on australia not considered a full recession on google.discouraging people not to invest is not too wise,you should encourage them to understand the market and avoid to be caught,disasters, recessions,booms,they are all part of creating this world,eventually for any trial and errors we learned are part of the creating a new and better world.this recession was nothing in early 1920's in less than 100 yrs, look at we are now. We give credit to those who invest & took the risks to create
the reason why australia are affected as much as the first world countries out there,&considered a recession is that when china cut down their manufacturing as the world stop spending, we loses our jobs,people panic started to get their investments,and stop spending,this is a recipe for a recession,either real estate of stock market,when people cut their costs,businesses will cut employment,& people panic even more.However,australia government at least helped to giveaway money for spending2 some
Investing is not bad, as long as you calculate your risks and have the vision of playing, a professional gamblers are not gamblers, they are running their own business, there's no difference. What we learn from this recession is about the top people who overlooked the effect of their intention of creating wealth for everyone. Australia didn't have a full recession because our ministered imposed the ethics and legality of mortgages,borrowers have to go to strick documentation to prove credibility
i'm sorry, but that's not how the world works today too. People do invest and risk their money . In every penny that investors trusted in a company, it creates job. Business owners and investors are the top players to help to flow the economy, without their courage to take risks, the world are even worse than today, there will be more people unemployed and if these investors join the workforce, there are more competitions in landing a job. Investing/business is important in a developing nation.
If only it were this simple! I work from home and actually do make good money but I work hard. If anyone is interested in a REAL opportunity to make good money by working hard then join my team! Just email me: foster_236@hotmail.com or skype me for a chat on: anthony62155.
I don`t get how shares become worthless. If you own a share you own an asset. If it goes down in price (deflation) you buy more. Granted the risk is a company can go bust. You have to choose the right investment. If it goes up in price you sell(inflation) If a company doesn`t at least have a return on equity of 20% you might as well just store your savings in real estate or precious metals. You can use the inflation for consumption or better still to buy something of intrinsic value.
What drugs is this man on? At 4:57 ish he says if he's speculating with 500k dollars he will earn about 20k dollars a year - that's a 4% return. Why does he keep saying he regularly gets 20% returns i.e. 100k dollars (assuming he's been using 1/2 million USD? Some of his advice is sadly very true - the average parttime spec will NEVER make decent profits. The fact is the financial markets are run for players with 5 million, 10 million etc upwards, not for the "amateurs" with 10k,20k or 50k.
How to protect your property from confiscation?Even if you own a piece of land in the middle of nowhere,with a little barn on it which one would us as a shelter,you still have to deal with property taxes,so you would still need a way of generating cash.
The only way of protecting your property i can think of is by planting a nuclear device in your land and then threatening with blowing it up when the government comes to confiscate it.
Can you go into detail as to how the stocks go down to zero? What are your thoughts on the current real estate crisis? How does one go about getting a piece of property that is legitimit and doesn't run the risk of being taken away from you? Furthermore, are there any investments out there that generate a positive cashflow each month that would sustain a healthy retirement?
Great insights. Having worked in developing countries allowed me to realize the incredible wealth and educational advantages that Americans have. As you point out, our happiness is truly a matter of changing the way we see things.
You should look at my videos about high frequency scale trading or market making. It uses automated trading, LIFO clearing and ECN trading to scalp small profits on each trade. You get rebates plus the spread using either a direct connection or a broker like Light Speed or Master.
If I was able to give myself a small package..back in time...to 1986. I'd make sure I'd give myself this particular video. I would have tripled the wealth I currently have today.
Lorax has a good philosophy but is not entirely correct in some of his statements. For example, "all companies go out of business or their value goes to zero", may be correct in the very long term but is not relevant. Microsoft, IBM, Intel and many other companies have been around for quite a long time. Even Google grew like a weed. Banks have learned to not have long term CDs, interest is nothing. What grows besides companies? What is safer than food?
I just want to say, to be in the stock markets is a great easy way to make money! BUT.. you need to know what to do witch isn't all that hard. I got £5,000 on wed 3rd of November 2010 and I invested into the UK markets and i was on a 70% profit 2 days ago but lost some and now have a 3,418.64(68%) profit and i was just buying and selling on a daily base, but i'm not a genius and if theres enough people that are interested in how i made that much then just leave me a comment and ill make a video!
i dont wana say that but "every person is limmited byhis own thaughts" and i can figure out that u havent made greatsucess in the sm be honest havent you seen ur collegues and stranger completly fly of sight it is all in ur mind i make 30 to 70 % gains on my business investments after having all my luxurys diversification in life is a key to my sucess cuz i love experincingnew things and dont think abt risks in other words 20% gains duh u need to find ur self a better job all the best
If I may make an observation - property is inherently more risky than precious metals. It's an income instrument - so you make more gains - but it is subject to local government laws and local economic conditions which can change abruptly as has been the case in the US, where houses are now selling for $1 in Detroit. If you prefer safety and liquidity, precious metals are the way to go.
your so full of bs, you think you're so wise by talking of all this crap and how the central bamking system is some conspiracy and how it serves the uber rich etc. you probably have a crap 10dollar/hour job and read so much shiit on the internet and believe all the conspiracies out there. the part about all companies becoming bankrupt is so stupid, here's a similar analogy, you will definetely die so why bother trying to live? just like every company is going to become bankrupt so why bother
@gerbilater Think of it like this. You are not investing for your self, you are investing for your childrens´ children (or 200 - 300 years forward). Do some calculations on pension funds, investment funds or even stock. There is definitely truth in this, but you really need to think long. You are throwing quite a comment NOW, looking back at the precious metals price development .... huh... and his warnings about the real estate prices (2007) before the crash.
@MaxZagar what do you mean that im investing for my future generations, if i invest and make profits, then i receive that utility, you mean by investing in infrustructure that im investing in the future? well if so then whats wrong with that, do you think wed be here without our grandfathers investing in whatever they invested in, also the point of predciting financial crash, thats not at all "wise" if you look at economic history, theres a cycle of boom,bust etc so its not clever to predict...
@gerbilater So how do you invest in order to make sure that future generations also will retain the wealth, the kids are not even born yet. Think a step further ... or why bother perhaps you should not do it. Just continue day trading.irk
that it would happen sometime in the future, but when it will happen to a precise degree, also there are losd of so called financial gurus who say they predicted it or have-that mean nothing, predict the next 1000major events in your life time before bragging about his wisdome and such
There are definitely investors which have generated and maintained great wealth via stock picking. But most people lack the time, discipline, analytical capability, and temperament to be good investors. So I agree that most people should probably stick to hard assets.
So I guess Warren Buffet is broke. He might own a crap load of companies, but he's broke LOL. He might have his own Jet and Jet company...but he's broke LMFAO. You can definitely earn good returns in the stock market you just need to know what you are doing. I bet this guy trades stock all the time, why he's saying that you can't make any gains from stock is beyond me. He may be right about buying assets and stuff but that's basic knowledge, everyone knows that.
So, Hewlett Packard, At&t, Wal-Mart and other gigantic companies will all eventually go bankrupt??? Wal-Mart who beat's out Oil companies? Intel? Google? Procter and Gamble? General Electric? Companies who have been around forever?? I don't think so.
@zw0ecool Forever? Think about that word. Forever. Eternity. Are you saying that just because these companies enjoy a high degree of success in our era, they will continue to do so forever? That's absurd.
@GreyAutumn Well, they will be around till the world ends if that is what you are asking. Nothing lasts forever, and that includes you and me, but if can get rich while im on this planet then I'm going to try to do it so I can have money to live abundantly and get all the things that I desire.
@zw0ecool If you believe that your company will never fail, that it's fail-proof, then not only will you fail in investing, you're also probably too immature to handle money.
@GreyAutumn Who said I didn't believe companies could fail? I graduated with a degree in business. You people are so negative you fail to see the positive side of things. You people equate the stock market to gambling at Las Vegas and they are two completely different things. Knowledge and understanding of companies and markets is what allows people to prevail in the stock market. Being negative doesn't help anyone, if you don't want to invest in stocks then don't watch videos about it.
@zw0ecool No, that's not it, of course speculating is not the same thing as gambling, I just thought that what you were saying was that companies can *never* fail and I thought that sounded funny/absurd. Of course you can profit on the stock market and of course it's not like the market is going to crash tomorrow.
@GreyAutumn No, that's not it, of course speculating is not the same thing as gambling, I just thought that what you were saying was that companies can *never* fail and I thought that sounded funny/absurd. Of course you can profit on the stock market and of course it's not like the market is going to crash tomorrow.
I also don't agree with what he said about owning stock is equivalent to owning nothing. Companies have lots of assets so you own those as well when you own stock. Ex: Pebble Beach, it was a gravel lot owned by a failing company that kept it on the books as cost. The company was bought out and the lot sold for millions. Which shot the stock of the bigger company up and was a huge win for Peter Lynch.
@gravity0thoughts, you are right however when a company fails the stock owners are left with worthless stock that ends being valued at zero. example: Wamu
@thinklarge21 True I would agree that companies go bankrupt a lot, but its not actually a gamble. What actually usually happens is smaller companies that are failing are bought out by bigger companies and you can actually win in the end.
So we should not listen to Warren Buffett (who invested in stocks) getting a return of almost 32% per year and Peter Lynch (who also invested in stocks) got a recorded return of about 30% per year. We should listen to you who CLAIMS to have gotten a 22% yearly return. Sure. Oh and FYI: inflation rates haven't hit 10% since the 80s. Note to viewers: Please don't listen to this guy. Get a book written by a real economist or a professional investor like Peter Lynch.
@gravity0thoughts well he did say it is possible to become wealthy in stocks like Warren and Peter, but it's a gamble and the majority will fail. And that is true from many people I've talked to, companies go bankupt all the time because it is a good financial option for them, then re-open under a new name, and then you lose all your money in their stocks.
Stocks always go broke? I realize that many risky companies go bankrupt, putting money into these is after my definition considered "speculation" but a solid company? I'm not American, it's a pretty similar situation over here in Germany though and I believe that there are companies that will retain there value, and will evntually rise in price.
10% inflation? If you really believe what you're saying shouldn't you be covered in dept? I totally agree with what you're saying about speculation.
Stocks always go broke? I realize that many risky companies go bankrupt, putting money into these is after my definition considered "speculation" but a solid company? I'm not American, it's a pretty similar situation over here in Germany though and I believe that there are companies that will retain there value, and will evntually rise in price.
10% inflation? If you really believe what you're saying shouldn't you be covered in dept? I totally agree with what you're saying about speculation.
Stocks always go broke? I realize that many risky companies go bankrupt, putting money into these is after my definition considered "speculation" but a solid company? I'm not American, it's a pretty similar situation over here in Germany though and I believe that there are companies that will retain there value, and will evntually rise in price.
10% inflation? If you really believe what you're saying shouldn't you be covered in dept? I totally agree with what you're saying about speculation.
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Yes you can in fact make $200 to $5,000 per day from the comfort of your own home by learning to trade Oil. My name is David, I'm a scientist and trader, and four years ago I discovered that the entire Oil market doesn't really trade, rather the price of Oil is controlled by a computer, I broke this computer code 4 years ago, which allows you to know which direction Oil is going to go before it goes there, visit my profile for the link to my website Oil Trading Academy.
People fail to talk about how important saving is. Saving is what sparked the industrial revolution and made first the English Empire rich then America. This is because protestants believe you should work hard and save money.
Many websites out there make fake promises telling you that you can make thousands of pounds/dollars everyday. There all BULLSH*T!
This method is PROOVEN and WILL make you money. It will show you step by step on how EXACTLY! Yes i mean exact step by steps on how you make some money with very little work. Earn an extra £500-£1000 a month doing about 20 minutes work a day!
The best way to truly diversify go to sports-financial(dot)com or call 415(area code)4908293. This is truly the new alternative liquid market. This is truly the cutting edge and come in with as little as you want.
As the way of all things, what effect do you suppose its question, knowledge, understanding and application by billions of persons will have on the state of global economics, science, the humanities, education, government and business?
.
The underlying law of nature is the most important subject any person can investigate and learn about, can proceed to understand, and can then come to personally apply in life.
You are SO WISE and very switched on. You are obviously very successful in your life to be able to come up with this analysis. I live in London and despite trying to SAVE I have felt that the system is stacked against me. You use confirmed it all. I am a graduate with a good job and house etc but ALWAYS in the red! no matter how hard I work another expense bits my bum!
@sebedina you clearly need to cut down on your expenses. if you have a good job you shouldnt be in the red. your house is too big, your car is too fancy, you buy clothes too often, you dont pay attention to the price of the food you buy, or you leave your lights turned on and your water running unecessarily. I've lived off minimum wage working in a grocery store for most of my life and I've managed to save a lot of money. U probably make 5 times more than me, yet you're in debt. How come?
@wendy2212 Thanks for your comments. I've got 2 kids, plus I find that no matter how hard I try not to borrow something inevitably happens so that I end up borrowing again! You are clearly a very self-disciplined person to be able to save with the work that you do so well done! Had a big leak recently and the insurance company didnt want to pay up. So had to borrow money again to pay for repairs!
Avoid bankruptcy, save your credit and learn how to work from the comfort of your own home at a very low cost. Are you ready to learn something which you never dreamed possible to believe? What if I told you a secret about the Gold market that would give you a 90% accuracy on which direction oil will go 24 hours per day, would that interest you?
All stocks go to zero? Are you crazy? everyone one should have a percentage of their assets in a diversified mutual fund or ETF of stocks. The historical return over the last 70+ years has been around 9% for stocks. The thing you forget as well is the compounding effect of reinvesting stock dividends. 10 ounces in a drawer left alone for 30 years will be 10 ounces of silver but if they were in a mutual fund or etf for the same period 10 shares could be 100.
Companies have merged or been bought out or have gone under. That doesn't mean that investors stakes have gone to zero. When a company merges or gets taken over they get paid for their shares or gain shares of the new combined company. Do you understand how this works?
@sip226 Not entirely. This is why I do not invest in things that I do not understand. It's like giving your money to a builder to go and buy gems for you. Yes, companies merge and get taken over. Many dive or go bankrupt. Investing in stocks will always be a gamble unless you are willing to spend a LOT of time researching the business plan, the people at the top and constantly monitor what decisions the people at the top are making. This can be a full time job.
@ToyMaster83 You think that everyone from JP Morgan to Warren Buffett invested in the markets because they knew that eventually their investments would be worthless according to you and has that been the case?
@sip226 No - they spent vast amounts of time looking at what the market was doing. Unless you spend a great deal of time understanding the principles of not only the stockmarket, but the people running the companies you have invested in, you may as well close your eyes and invest in the first company you look at. Most people trust financial advisors to do this. Unfortunately, they often make mistakes. Mistakes that can cost you a LOT of money.
@ToyMaster83Here is an example, O Mally's ironworks gets bought by Smith steel which gets bought by U.S. Steel and over time the $100 you had in O Mally's is now worth $200,000 in U.S. Steel ticker symbol X. Read up on it and if you don't want to invest then don't but know what your talking about before you call others naive.
@sip226 ....yawns... yeah already got you point from your above comment. Again, not every company has rosey merges. Many FAIL! Got any videos uploaded that you care to share your thoughts on?
@ToyMaster83Here is an example, O Mally's ironworks gets bought by Smith steel which gets bought by U.S. Steel and over time the $100 you had in O Mally's is now worth $200,000 in U.S. Steel ticker symbol X. Read up on it and if you don't want to invest then don't but know what your talking about before you call others naive.
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Your input is so refreshing wisdom fine tuned! I would love to study uner you Lorax123 and Robert Kiosaki! We should get together and make the world Go Green forreal!
Thanks brother you are trully great!!You ve opened my eyes on matter of finance!At least now I know something and aware of whats happening around me.Keep up the good work!God bless you and your family!!
LOL @ housing bubble. More like a Vaccum. There is just so much value that has been lost in real estate. Im actually happy that when a Bank takes back a house they lose money. Its what they get for getting people in over their heads.
Great Video! Investing is great, but how do you invest when you barely have money to pay for bills? Learn how to make "residual" income and you will succeed and save years of your time...
If you review Adam Smith you will find that there are three primary ways to generate wealth. Labor, Land, and Investment. The investment part is key because it is the loaning of wealth to generate additional goods. Don't remove yourself from this type of investment, you need all three wealth paths to develop true wealth. Buying just gold and finished goods will remove yourself from a very key stream of wealth creation.
Very Key point to generating Wealth and not just subjecting yourself to a temporary period of rich return. Direction of Cash Flow is important for residual wealth.
I recommend Debt And The Shadow Side Of Wealth lecture series or book by Margaret Atwood. It's less about economics than about the concept of debt but it is excellent nonetheless.
No, Study your ass off and speculate. What people dont understand is that it is not the speculation that doesnt work, its the very little time that people have to put in doing their homework..THAT is the problem.I spent 18 hrs yesterday and will spend 10 hrs today studying Options....that will significantly reduce my chances of making STUPID UNINFORED mistakes. its these mistakes that eat away your equity when you are investing/trading..Do your homework, outwork wall street, and u will do fine!
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Nice video. On my channel you'll find other very interesting videos
MrBecomingRich 2 weeks ago
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Love this video, and love contrarian and value investing.
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sachamay12345 2 weeks ago
Thanks lorax! I'm sorry, but you must now be silenced. (jk)
dchamberss 1 month ago
I've read das Kapital, von Mises, Adams Smith, Mills, etc....
This guy is right on.
dchamberss 1 month ago
Great tips!
globalfinanceschool 1 month ago
The cabinet if hinged improperly.
rustytool100 2 months ago
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poppinpennystocks 2 months ago
People on these responses are hilarious. Everyone knows the answer obviously. If there was ONE answer we would all be rich. Its amazing though how after educating yourself and controlling the info that you as a person thinks how some of the common thought processes are literally insane. Majority of people telling you to diversify your portfolio dont even have one themself. Dont forget the people who say Real Estates to risky or just save. They need to research themself!
myaksitch 2 months ago
you guys are stupid for giving into this scam by capitalist punks. your throwing away precious money to company share holders. if you want to make money the right way GET A FUCKING JOB!!! AND PUT IT IN YOUR BANK. its so simple. you guys are just gambling
bigman1171 2 months ago
He looks like the trololol guy.. :I
elusuario989 4 months ago
I own five houses, twenty cars, and make roughly $200,000.00+ a year buying/selling both of those items. So, he has a point here. Buy a house or car, fix it up over the course of a couple of months, sell it, repeat. It's not too hard, believe it or not. The hard part is saving up for the first house/car; even then, that's what loans are for.
normalpsychology 5 months ago
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ugayasabit 5 months ago
Yes own R.E. if currency inflates, hope you will be able to pay the tax on the property. And: how is it that if you own shares in an oil industry, the stock of that company can be worthless? will mankind cease to use oil products?? I agree fiat money is devaluing; it is a problem, so what other commodities make sense to own?
iUbookz 5 months ago
lorax2013 you're an idiot
johnosandra 5 months ago
ok if thats true why do you invest in the market your self .and if you dont what is it that you invest and make 20 pct a year. also why is it that millions of people still invest in stock and bonds even the super rich still invest in the stock market.
zenwealth1 5 months ago
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msalazar2882 6 months ago
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Looking for serious and hard working people who want to earn good money working on my team. Email me at: foster_236@hotmail.com and I will send you an Eligibility Form to fill out. If all is well then you can start working on my team ASAP!
foster2367 6 months ago
in australia,there is such a law that if a borrower can prove that a bank or an institution allowed him/her to borrow some money,even they knew that he's not capable to pay,they can sue the bank. I don't think during the boom,no one imposed this in america, everyone who can't afford to buy homes suddenly can,and those who already have,upgraded their homes.BUsh administration failed big time in imposing these laws, his administration overlooked what would be the effect after these party.
southeastqueenslande 7 months ago
china's biggest source of raw materials came from australia,and mining is one of our biggest source of income,this is the initial reason why we are affected and the others are panic from around teh world,and people here start cutting their cost of spending,when people stop buying,busineses will cut their employees too. at least we have a good governance and it's people who are not driven by greed-our referee did his job and everyone played a fair game at least,that saved us from full recession.
southeastqueenslande 7 months ago
before good and services went on market,their need capital,and they need investors to help them finance for expansion,expansion means creating jobs.the role of governance is the role of a coach in the playing field,he make sure that every player no matter what position they played as in workers,business owners,investors,etc,they give their a fair game,not everyone can be in the same position,some are workers,some are managers,etc,this is why Bush administration failed big time,malpractices overl
southeastqueenslande 7 months ago
check out on australia not considered a full recession on google.discouraging people not to invest is not too wise,you should encourage them to understand the market and avoid to be caught,disasters, recessions,booms,they are all part of creating this world,eventually for any trial and errors we learned are part of the creating a new and better world.this recession was nothing in early 1920's in less than 100 yrs, look at we are now. We give credit to those who invest & took the risks to create
southeastqueenslande 7 months ago
the reason why australia are affected as much as the first world countries out there,&considered a recession is that when china cut down their manufacturing as the world stop spending, we loses our jobs,people panic started to get their investments,and stop spending,this is a recipe for a recession,either real estate of stock market,when people cut their costs,businesses will cut employment,& people panic even more.However,australia government at least helped to giveaway money for spending2 some
southeastqueenslande 7 months ago
Investing is not bad, as long as you calculate your risks and have the vision of playing, a professional gamblers are not gamblers, they are running their own business, there's no difference. What we learn from this recession is about the top people who overlooked the effect of their intention of creating wealth for everyone. Australia didn't have a full recession because our ministered imposed the ethics and legality of mortgages,borrowers have to go to strick documentation to prove credibility
southeastqueenslande 7 months ago
i'm sorry, but that's not how the world works today too. People do invest and risk their money . In every penny that investors trusted in a company, it creates job. Business owners and investors are the top players to help to flow the economy, without their courage to take risks, the world are even worse than today, there will be more people unemployed and if these investors join the workforce, there are more competitions in landing a job. Investing/business is important in a developing nation.
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If only it were this simple! I work from home and actually do make good money but I work hard. If anyone is interested in a REAL opportunity to make good money by working hard then join my team! Just email me: foster_236@hotmail.com or skype me for a chat on: anthony62155.
foster2367 8 months ago
This is for yahoo completly legit. /watch?v=V8CVuyKPrAo
TuToRiaLWiiZ 8 months ago
Thanks for a really informative and thoughtful video, very clear and succinct advice!
E.
(PS I also own The Mastery of Love!)
sooupdragon 8 months ago
20% is pretty good. If I'd stuck with that, I'd be doing well now . . . I went for too much more and got knocked WAY back.
DeadbeatMillionaireZ 8 months ago
yeah, invest in housing with multiple units. If you ask me, that's the best way to go.
ZFM9043 8 months ago
this is really good advice, thank you. I rate this video so highly I'm going to tell my kids about this tomorrow cheers.
Sharonawa 8 months ago
yes... buy a house for sixty thousand dollars and now its worth thirty thousand dollars... yes that is smart investing
Szczurable 9 months ago
I can tell you know what you're talking about. Subscribed.
iflyboats 9 months ago
You couldn't make one of these videos for dummies?!
MissChloehoeh 10 months ago
Worth having some silver in your portfolio, performed very well over the last year approximate 74% gains!
09SRILANKA 11 months ago
all stocks go bankrupt? Proof please...
rfwelsh 11 months ago
@rfwelsh
Research the DTCC lol...
You will quickly understand who OWNS all the "stock" in this world...
overlogg 10 months ago
I don`t get how shares become worthless. If you own a share you own an asset. If it goes down in price (deflation) you buy more. Granted the risk is a company can go bust. You have to choose the right investment. If it goes up in price you sell(inflation) If a company doesn`t at least have a return on equity of 20% you might as well just store your savings in real estate or precious metals. You can use the inflation for consumption or better still to buy something of intrinsic value.
wuddychunk1 11 months ago
What drugs is this man on? At 4:57 ish he says if he's speculating with 500k dollars he will earn about 20k dollars a year - that's a 4% return. Why does he keep saying he regularly gets 20% returns i.e. 100k dollars (assuming he's been using 1/2 million USD? Some of his advice is sadly very true - the average parttime spec will NEVER make decent profits. The fact is the financial markets are run for players with 5 million, 10 million etc upwards, not for the "amateurs" with 10k,20k or 50k.
rs8080 11 months ago
@rs8080 he says that he only makes 4 percent after taxes and inflation
DICKDICKASSVAGHOLE 11 months ago
How to protect your property from confiscation?Even if you own a piece of land in the middle of nowhere,with a little barn on it which one would us as a shelter,you still have to deal with property taxes,so you would still need a way of generating cash.
The only way of protecting your property i can think of is by planting a nuclear device in your land and then threatening with blowing it up when the government comes to confiscate it.
f0revern0ty0urs2 11 months ago 7
@f0revern0ty0urs2 hahaha, love it.
CytherLynx 11 months ago
This guy is implicitly trying to sell gold
OneStopFunFest 3 months ago
And buy real estate - rent it out - never sell it ~
PushkaCom 11 months ago
Yes ~ I've been planning to do this for a while ~ start residual income businesses (more than 20% return hehhe
PushkaCom 11 months ago
Can you go into detail as to how the stocks go down to zero? What are your thoughts on the current real estate crisis? How does one go about getting a piece of property that is legitimit and doesn't run the risk of being taken away from you? Furthermore, are there any investments out there that generate a positive cashflow each month that would sustain a healthy retirement?
FORTARZAN 11 months ago
can you make a video on high frequency trading and its effects on trading ?
howudoingbaby 11 months ago
ya buy a house great advice. LOL. end up on the street in a foreclosure.
quadcatfly 11 months ago
@quadcatfly Yea this guys full of shit
jehcrazyjehcmy 11 months ago
@quadcatfly if you BUY it, you won't... if you borrow to buy it, you don't own it, then you will. he also says housing is in a bubble.
Yet another 'austrian' that predicted the bubble... its that easy when you understand economics like austrians do.
CytherLynx 11 months ago
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@CytherLynx Love this video, and love contrarian and value investing.
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sachamay12345 2 weeks ago
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TRUTH HURTS BUT ITS TRUE THANKS WELL SAID
cindyandyogi 11 months ago
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Sir,
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krncoolwater 11 months ago
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forexsignalscope 11 months ago
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this guy is really smart. i actually posted did my first blog post on something similar to this. if anyone is interested, please check it out:
ledbetter58-thinkingoutloud.blogspot.com
Ledbetter58 11 months ago
great advice..everyone should listen to it.
Thanks
jaichrisbay 1 year ago
thanks
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criseldaprangehkg 1 year ago
I love my TFSA.
Equity213 1 year ago
Hey man. Make another video soon please!!!
CelticReject 1 year ago
Great insights. Having worked in developing countries allowed me to realize the incredible wealth and educational advantages that Americans have. As you point out, our happiness is truly a matter of changing the way we see things.
tsx1561 1 year ago
Ron Paul!!!!
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hackthestockmarket 1 year ago
You should look at my videos about high frequency scale trading or market making. It uses automated trading, LIFO clearing and ECN trading to scalp small profits on each trade. You get rebates plus the spread using either a direct connection or a broker like Light Speed or Master.
JeremyKonstenius 1 year ago
If I was able to give myself a small package..back in time...to 1986. I'd make sure I'd give myself this particular video. I would have tripled the wealth I currently have today.
AccuracyMarked 1 year ago
Fuck America I'm moving to Sweden.
UnchainTheNight1 1 year ago
Lorax has a good philosophy but is not entirely correct in some of his statements. For example, "all companies go out of business or their value goes to zero", may be correct in the very long term but is not relevant. Microsoft, IBM, Intel and many other companies have been around for quite a long time. Even Google grew like a weed. Banks have learned to not have long term CDs, interest is nothing. What grows besides companies? What is safer than food?
Photog60 1 year ago
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tanyamuriyan 1 year ago
I just want to say, to be in the stock markets is a great easy way to make money! BUT.. you need to know what to do witch isn't all that hard. I got £5,000 on wed 3rd of November 2010 and I invested into the UK markets and i was on a 70% profit 2 days ago but lost some and now have a 3,418.64(68%) profit and i was just buying and selling on a daily base, but i'm not a genius and if theres enough people that are interested in how i made that much then just leave me a comment and ill make a video!
HPGbola 1 year ago
@HPGbola I agree with you and I would like to hear some advice on stock investments. that would be great if you could make a video
californiabcn23 1 year ago
@HPGbola Pls make a video :-). Thank you and love from me,
David
daveButcher 1 year ago
i dont wana say that but "every person is limmited byhis own thaughts" and i can figure out that u havent made greatsucess in the sm be honest havent you seen ur collegues and stranger completly fly of sight it is all in ur mind i make 30 to 70 % gains on my business investments after having all my luxurys diversification in life is a key to my sucess cuz i love experincingnew things and dont think abt risks in other words 20% gains duh u need to find ur self a better job all the best
pakistansportslk 1 year ago
If I may make an observation - property is inherently more risky than precious metals. It's an income instrument - so you make more gains - but it is subject to local government laws and local economic conditions which can change abruptly as has been the case in the US, where houses are now selling for $1 in Detroit. If you prefer safety and liquidity, precious metals are the way to go.
pavethemoon 1 year ago
you are great, thank you for this advice, you open my eyes
willie2429 1 year ago
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Cythorn 1 year ago
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12 people will never become successful
AdamLee233 1 year ago
Does Lorax ever reply to any of these comments?
optionsupdate 1 year ago
we still are the richest and most free nation in the world, we are just in a natural recession...there will be another boom soon...a big one.
MAIDEN068 1 year ago
your so full of bs, you think you're so wise by talking of all this crap and how the central bamking system is some conspiracy and how it serves the uber rich etc. you probably have a crap 10dollar/hour job and read so much shiit on the internet and believe all the conspiracies out there. the part about all companies becoming bankrupt is so stupid, here's a similar analogy, you will definetely die so why bother trying to live? just like every company is going to become bankrupt so why bother
gerbilater 1 year ago
@gerbilater Think of it like this. You are not investing for your self, you are investing for your childrens´ children (or 200 - 300 years forward). Do some calculations on pension funds, investment funds or even stock. There is definitely truth in this, but you really need to think long. You are throwing quite a comment NOW, looking back at the precious metals price development .... huh... and his warnings about the real estate prices (2007) before the crash.
MaxZagar 1 year ago
@MaxZagar what do you mean that im investing for my future generations, if i invest and make profits, then i receive that utility, you mean by investing in infrustructure that im investing in the future? well if so then whats wrong with that, do you think wed be here without our grandfathers investing in whatever they invested in, also the point of predciting financial crash, thats not at all "wise" if you look at economic history, theres a cycle of boom,bust etc so its not clever to predict...
gerbilater 1 year ago
@gerbilater So how do you invest in order to make sure that future generations also will retain the wealth, the kids are not even born yet. Think a step further ... or why bother perhaps you should not do it. Just continue day trading.irk
MaxZagar 1 year ago
that it would happen sometime in the future, but when it will happen to a precise degree, also there are losd of so called financial gurus who say they predicted it or have-that mean nothing, predict the next 1000major events in your life time before bragging about his wisdome and such
gerbilater 1 year ago
@gerbilater ? ur the only loud mouth here.
MaxZagar 1 year ago
3d8a4480
jjccomedy 1 year ago
There are definitely investors which have generated and maintained great wealth via stock picking. But most people lack the time, discipline, analytical capability, and temperament to be good investors. So I agree that most people should probably stick to hard assets.
views500 1 year ago
So I guess Warren Buffet is broke. He might own a crap load of companies, but he's broke LOL. He might have his own Jet and Jet company...but he's broke LMFAO. You can definitely earn good returns in the stock market you just need to know what you are doing. I bet this guy trades stock all the time, why he's saying that you can't make any gains from stock is beyond me. He may be right about buying assets and stuff but that's basic knowledge, everyone knows that.
zw0ecool 1 year ago
So, Hewlett Packard, At&t, Wal-Mart and other gigantic companies will all eventually go bankrupt??? Wal-Mart who beat's out Oil companies? Intel? Google? Procter and Gamble? General Electric? Companies who have been around forever?? I don't think so.
zw0ecool 1 year ago
@zw0ecool Forever? Think about that word. Forever. Eternity. Are you saying that just because these companies enjoy a high degree of success in our era, they will continue to do so forever? That's absurd.
GreyAutumn 1 year ago
@GreyAutumn Well, they will be around till the world ends if that is what you are asking. Nothing lasts forever, and that includes you and me, but if can get rich while im on this planet then I'm going to try to do it so I can have money to live abundantly and get all the things that I desire.
zw0ecool 1 year ago
@zw0ecool If you believe that your company will never fail, that it's fail-proof, then not only will you fail in investing, you're also probably too immature to handle money.
GreyAutumn 1 year ago
@GreyAutumn Who said I didn't believe companies could fail? I graduated with a degree in business. You people are so negative you fail to see the positive side of things. You people equate the stock market to gambling at Las Vegas and they are two completely different things. Knowledge and understanding of companies and markets is what allows people to prevail in the stock market. Being negative doesn't help anyone, if you don't want to invest in stocks then don't watch videos about it.
zw0ecool 1 year ago
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@zw0ecool No, that's not it, of course speculating is not the same thing as gambling, I just thought that what you were saying was that companies can *never* fail and I thought that sounded funny/absurd. Of course you can profit on the stock market and of course it's not like the market is going to crash tomorrow.
GreyAutumn 1 year ago
@GreyAutumn No, that's not it, of course speculating is not the same thing as gambling, I just thought that what you were saying was that companies can *never* fail and I thought that sounded funny/absurd. Of course you can profit on the stock market and of course it's not like the market is going to crash tomorrow.
GreyAutumn 1 year ago
Investing is not only success.. It is long work and keeping to the strategy.
w ww.investingforbeginers.eu
Investingforbeginner 1 year ago
What about forex pairs using intra-currency relative strength patterns?
mlawren7 1 year ago
I also don't agree with what he said about owning stock is equivalent to owning nothing. Companies have lots of assets so you own those as well when you own stock. Ex: Pebble Beach, it was a gravel lot owned by a failing company that kept it on the books as cost. The company was bought out and the lot sold for millions. Which shot the stock of the bigger company up and was a huge win for Peter Lynch.
gravity0thoughts 1 year ago
@gravity0thoughts, you are right however when a company fails the stock owners are left with worthless stock that ends being valued at zero. example: Wamu
niggaflies 1 year ago
@thinklarge21 True I would agree that companies go bankrupt a lot, but its not actually a gamble. What actually usually happens is smaller companies that are failing are bought out by bigger companies and you can actually win in the end.
gravity0thoughts 1 year ago
If you purchased real estate right after this video was uploaded, i feel for you.
RoyaMoyaSoya 1 year ago
So we should not listen to Warren Buffett (who invested in stocks) getting a return of almost 32% per year and Peter Lynch (who also invested in stocks) got a recorded return of about 30% per year. We should listen to you who CLAIMS to have gotten a 22% yearly return. Sure. Oh and FYI: inflation rates haven't hit 10% since the 80s. Note to viewers: Please don't listen to this guy. Get a book written by a real economist or a professional investor like Peter Lynch.
gravity0thoughts 1 year ago
@gravity0thoughts well he did say it is possible to become wealthy in stocks like Warren and Peter, but it's a gamble and the majority will fail. And that is true from many people I've talked to, companies go bankupt all the time because it is a good financial option for them, then re-open under a new name, and then you lose all your money in their stocks.
thinklarge21 1 year ago
good advice!
capnvideo2006 1 year ago
waow i had a long time i dint listen to such a bright mind ....you are truly brighter then your age my friend
cream183st 1 year ago
warren buffet got it wrong ?
realmadridvideos 1 year ago
Seems like he made this vid after he just lost his ass on stocks.
llaayyttoonn 1 year ago
CFDs are also a great way to track the major indicies.
forexyard 1 year ago
Stocks always go broke? I realize that many risky companies go bankrupt, putting money into these is after my definition considered "speculation" but a solid company? I'm not American, it's a pretty similar situation over here in Germany though and I believe that there are companies that will retain there value, and will evntually rise in price.
10% inflation? If you really believe what you're saying shouldn't you be covered in dept? I totally agree with what you're saying about speculation.
NerollGermany 1 year ago
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Stocks always go broke? I realize that many risky companies go bankrupt, putting money into these is after my definition considered "speculation" but a solid company? I'm not American, it's a pretty similar situation over here in Germany though and I believe that there are companies that will retain there value, and will evntually rise in price.
10% inflation? If you really believe what you're saying shouldn't you be covered in dept? I totally agree with what you're saying about speculation.
NerollGermany 1 year ago
Stocks always go broke? I realize that many risky companies go bankrupt, putting money into these is after my definition considered "speculation" but a solid company? I'm not American, it's a pretty similar situation over here in Germany though and I believe that there are companies that will retain there value, and will evntually rise in price.
10% inflation? If you really believe what you're saying shouldn't you be covered in dept? I totally agree with what you're saying about speculation.
NerollGermany 1 year ago
your a cheery fellow!
wentforgold 1 year ago
Sometimes the best solution is the simplest one.
Zalzal019 1 year ago
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This guy is awesome; I just found the best group of traders around. They have the best stocks around plus free trading tools. There called 007stockchat you can google them.
oliverkala 1 year ago
So, how do you make 20% pa average? Short-term trading, Graham-like value investing, Buffett-stype long-term holding, what?
aidanqn 1 year ago
I am rich NOW!
johncfl 1 year ago
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whosjamesburton 1 year ago
yeah, own something thats has value. own something, that is small in size, cus u dont want to run out of "saving" space.
well, stocks are small in size, but they all go in bankrupt in the end :)
dAsterum 1 year ago
You are a great and smart person.
xXTrueSShotX 1 year ago
I'm not from the US but I understand English pretty well, and let me tell you, your words are inspiring to anyone
michetox 1 year ago
Yes you can in fact make $200 to $5,000 per day from the comfort of your own home by learning to trade Oil. My name is David, I'm a scientist and trader, and four years ago I discovered that the entire Oil market doesn't really trade, rather the price of Oil is controlled by a computer, I broke this computer code 4 years ago, which allows you to know which direction Oil is going to go before it goes there, visit my profile for the link to my website Oil Trading Academy.
OilTradingAcademy 1 year ago
i will b rich in 15 years...
MrPichiyou 1 year ago
even owning or buying gold the government tracks it and imposes taxes on profits on it so again why is tht an intelligent decisiion
aratheartist 1 year ago
what about the UK?? is it the same situation??
theotheotheotheotheo 1 year ago
Stocks or gambling? P:
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abcwehvrvwytr 1 year ago
Buy Physical Gold and Silver Bullion,......run away from the banks and cash markets!
TheSilverWatch 1 year ago
Some places they even found a way to take the benefits of home ownership away, it's called ridiculously high property taxes.
goldwing25 1 year ago
u rock man!
Topgeneral3070 1 year ago
People fail to talk about how important saving is. Saving is what sparked the industrial revolution and made first the English Empire rich then America. This is because protestants believe you should work hard and save money.
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Ebayearner 1 year ago
Why couldn't I hear this in my university economics classes?
Thank You Loren, Thank You Thank You THANK YOU.
In short: Hard small assets good ----- paper instuments bad.
I get it. hahahahhaa!
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awsoni 1 year ago
not all is quite correct
macwalen 1 year ago
Thanks for the post. keep them coming!
- EShareholder
Eshareholder1 1 year ago
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TedDGPoulos 1 year ago
You are SO WISE and very switched on. You are obviously very successful in your life to be able to come up with this analysis. I live in London and despite trying to SAVE I have felt that the system is stacked against me. You use confirmed it all. I am a graduate with a good job and house etc but ALWAYS in the red! no matter how hard I work another expense bits my bum!
sebedina 1 year ago
@sebedina you clearly need to cut down on your expenses. if you have a good job you shouldnt be in the red. your house is too big, your car is too fancy, you buy clothes too often, you dont pay attention to the price of the food you buy, or you leave your lights turned on and your water running unecessarily. I've lived off minimum wage working in a grocery store for most of my life and I've managed to save a lot of money. U probably make 5 times more than me, yet you're in debt. How come?
wendy2212 1 year ago
@wendy2212 Thanks for your comments. I've got 2 kids, plus I find that no matter how hard I try not to borrow something inevitably happens so that I end up borrowing again! You are clearly a very self-disciplined person to be able to save with the work that you do so well done! Had a big leak recently and the insurance company didnt want to pay up. So had to borrow money again to pay for repairs!
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busystock 1 year ago
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morerad123 1 year ago
All stocks go to zero? Are you crazy? everyone one should have a percentage of their assets in a diversified mutual fund or ETF of stocks. The historical return over the last 70+ years has been around 9% for stocks. The thing you forget as well is the compounding effect of reinvesting stock dividends. 10 ounces in a drawer left alone for 30 years will be 10 ounces of silver but if they were in a mutual fund or etf for the same period 10 shares could be 100.
sip226 1 year ago
@sip226
Tell me one company that opened up when
the stock market first opened that is still
operating today.
People start and finish businesses with the
same amount of thought of what you put on
your toast in the morning.
Please don't be naive (unless of course you
have made a lot of money on the stock market
yourself, in which case I will listen to your wise words.
ToyMaster83 1 year ago
@ToyMaster83
Companies have merged or been bought out or have gone under. That doesn't mean that investors stakes have gone to zero. When a company merges or gets taken over they get paid for their shares or gain shares of the new combined company. Do you understand how this works?
sip226 1 year ago
@sip226 Not entirely. This is why I do not invest in things that I do not understand. It's like giving your money to a builder to go and buy gems for you. Yes, companies merge and get taken over. Many dive or go bankrupt. Investing in stocks will always be a gamble unless you are willing to spend a LOT of time researching the business plan, the people at the top and constantly monitor what decisions the people at the top are making. This can be a full time job.
ToyMaster83 1 year ago
@ToyMaster83 You think that everyone from JP Morgan to Warren Buffett invested in the markets because they knew that eventually their investments would be worthless according to you and has that been the case?
sip226 1 year ago
@sip226 No - they spent vast amounts of time looking at what the market was doing. Unless you spend a great deal of time understanding the principles of not only the stockmarket, but the people running the companies you have invested in, you may as well close your eyes and invest in the first company you look at. Most people trust financial advisors to do this. Unfortunately, they often make mistakes. Mistakes that can cost you a LOT of money.
ToyMaster83 1 year ago
@ToyMaster83Here is an example, O Mally's ironworks gets bought by Smith steel which gets bought by U.S. Steel and over time the $100 you had in O Mally's is now worth $200,000 in U.S. Steel ticker symbol X. Read up on it and if you don't want to invest then don't but know what your talking about before you call others naive.
sip226 1 year ago
@sip226 ....yawns... yeah already got you point from your above comment. Again, not every company has rosey merges. Many FAIL! Got any videos uploaded that you care to share your thoughts on?
ToyMaster83 1 year ago
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@ToyMaster83Here is an example, O Mally's ironworks gets bought by Smith steel which gets bought by U.S. Steel and over time the $100 you had in O Mally's is now worth $200,000 in U.S. Steel ticker symbol X. Read up on it and if you don't want to invest then don't but know what your talking about before you call others naive.
sip226 1 year ago
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jt193024904 1 year ago
Your input is so refreshing wisdom fine tuned! I would love to study uner you Lorax123 and Robert Kiosaki! We should get together and make the world Go Green forreal!
~Peace & Harmony~
SisterTexas 2 years ago
Christopher Walken
raydaking12345 2 years ago
Hello lorax2013
I have to admit I am very impressed with the quality of your videos here on youtube.
They are certainly a pleasure to watch as I do enjoy them.
I am sure there is many others who also feel the same about your videos.
Mark McCulloch
MarkMillionaireGuru 2 years ago 2
Thanks brother you are trully great!!You ve opened my eyes on matter of finance!At least now I know something and aware of whats happening around me.Keep up the good work!God bless you and your family!!
111256able 2 years ago 13
You are wise indeed
sniperu2 2 years ago 21
LOL @ housing bubble. More like a Vaccum. There is just so much value that has been lost in real estate. Im actually happy that when a Bank takes back a house they lose money. Its what they get for getting people in over their heads.
blaupunkitty 2 years ago
@blaupunkitty "hear, hear!"
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simplelife987 2 years ago
If you review Adam Smith you will find that there are three primary ways to generate wealth. Labor, Land, and Investment. The investment part is key because it is the loaning of wealth to generate additional goods. Don't remove yourself from this type of investment, you need all three wealth paths to develop true wealth. Buying just gold and finished goods will remove yourself from a very key stream of wealth creation.
sabot96 2 years ago
Very Key point to generating Wealth and not just subjecting yourself to a temporary period of rich return. Direction of Cash Flow is important for residual wealth.
SisterTexas 2 years ago
So American is the mother of Evil?
We all knew that, only subconsciously
MrGrandDragon 2 years ago
I recommend Debt And The Shadow Side Of Wealth lecture series or book by Margaret Atwood. It's less about economics than about the concept of debt but it is excellent nonetheless.
alanna4858 2 years ago
i do quite well in the market. inflation affects in your income in the long run, not in the short run buddy boy. but you do have good points
punjsher 2 years ago
do you recommend any way, websites, brokers, etc. to invest in precious metals? thanks!
rushforth07 2 years ago
I want to comment but what do I know about investing? Become an expert in your chosen field and you will be able to make money.
bodunchar 2 years ago
I think you are full of yourself. That is what YOU are not aware of! You have no life and you are young and think you know everything!!
jeremygsk8 2 years ago
Can you bank $43,945.75 in 30 days with ZERO investment? Here's what I know about it. People will do it with... Passive Income Advice [dot] com.
BrittPhillips 2 years ago
No, Study your ass off and speculate. What people dont understand is that it is not the speculation that doesnt work, its the very little time that people have to put in doing their homework..THAT is the problem.I spent 18 hrs yesterday and will spend 10 hrs today studying Options....that will significantly reduce my chances of making STUPID UNINFORED mistakes. its these mistakes that eat away your equity when you are investing/trading..Do your homework, outwork wall street, and u will do fine!
fazholio 2 years ago
His advice is for the average person who has a 401k buying citigroup shares now.