Comments by "J Hutt" (@jhutt8002) on "The Plain Bagel" channel.

  1.  @Lj-er8mo  Hindsight is 20/20... How many airplane companies has gone under from initial hype? How many internet companies we're completely liquidated? Many people burned their savings in telecom and cellphone companies around 00's. Those companies you now look back and say people should have invested were rare gems you couldn't have picked out that easily from all the duds back then.
    9
  2. I find it sad he still had to explain it. It's so ingrained in the psyche on modern (american?) worldview that even smart, really thoughtful people like him has to reason it. Truth is it really doesn't matter how much one makes, if (s)he can afford good living it's enough. The actual amount is meaningless.
    7
  3. Well, it is very important material for a ton of modern technology. I'd say financial security is only third place at use of gold, after proper industry and luxury products.
    5
  4.  @anirudhpokharel1489  There's one problem. No one will buy it without a proof, and when you manage the proof, it's already late as markets have moved on. If you have perfect strategy, you use it, and technically only other way to profit would be to sell it to suckers who buy anything. For the record I'm not defending those scammers, which is what most if not all of those marketeers are, just pointing out theoretical parspective to it.
    4
  5. People being ery enthusiastic about any stock in general is just a red flag not to keep it. Once realism catches the stock, it'll fall.
    4
  6. There is this video in youtube of Warren Buffet going through top 10 mistakes investors make or similar where he says the same. Brilliant stuff. I always thought the guy to be more of a meme and a buffoon (like our own Björn Wahlroos here in Finland), but I was completely wrong. Really smart and wise professional to listen to.
    3
  7. But it would allow you too seesaw it: Sell the one that benefits on high and buy the falling one and vice versa. Predicting the interest rates year or few forwarrd is close to impossible anyway, so that way you get the best of both.
    3
  8. ​ @aaronlarue7987  She did also say she started out with 200 dollars and now has 29000 in it 😅
    3
  9.  @ctw10wilso  Personally. I'd say because it's fun. If I can beat inflation by trading that's just a bonus. Not to mention accually making money
    3
  10. My favorite stocks are the few that work for both. If short term fails, you know you can count on the company to pay up long term, so I just switch the label :D
    3
  11. I have been interested in stocks as long as I remember. Still I only started investing in january 2021 when I was 28: In 2008 crash I was still student with no money to invest. What I got then went to cars, beer & rocknroll. After finishing university and working through 2016 I finally actually had money to invest, but it seemed ludicrously dumb on that upswing... Eventually covid came, but I "knew" the first dip was just the beginning of the real crash I had been waiting since 2010. Well, my nerves ended in january, deciding the world is just insane and people clueless, and went to the market. My portfolio is +75% up currently so seems like a good call...
    3
  12. US investors seem to be quite blind to the rest of the world: Only way for Tesla to meet any of numbers presented to make it as valuable as predicted would be to them to dominate the EV market. Meanwhile, there's huge push towards EV's in EU, and all manufacturers are taking measures towards it. There simply isn't that big untapped market for Tesla in Europe than people believe. And it will he only?shrinking in future. You think french and german manufacturers, not to mention politicians, just allow one US company to control the market? Meanwhile Asia do their own thing with their own manufacturer's. Ford had to give up India with massive losses in their back. Only VAG and Daimler seem to have any proper foothold in China, which really isn't a good sign for Tesla either, and japanese and koreans have their own car industry they are not going to just let fall behind imports.
    2
  13.  @OmegaTou  Well, not really. Companies that have solid profitable assets, they use to produce things that sell regardless of economy. Stores that sell consumables, forest andnagriculture etc.. Those will have value. And my personal favourite: Brewery. Problem is, many of those are pretty high as it is due pandemic panic, so I'm stilling sitting on my portfolio. (Feel free to laugh at me if I'm wrong, but there's no hurry yet to start fortifying)
    2
  14.  @OmegaTou  BTW. I won't be touching gold or silver anytime soon as those are currently way too high. Except the one mining company at the brink of collapse I've been screening past year. If they survive and price stays where it is now, there might be an overreaction to win big.
    2
  15. It's obvious, I don't why people don't connect it: You need bulls to raise cattle. Bulls are traditionally auctioned in the actual bull market. Better your bulls are, better your cattle becomes so they fetch higher price at the auction. Bears kill cattle. They reduce farmers herds and such are... Well you get it.
    2
  16.  @HH-le1vi  She said literally she started with 200 dollars. So she bought one share. When that video came out she had 29000 dollars in Tesla. We don't know when she has bought rest so, maybe she has made a killing, or maybe she bought it high and is severly down. We don't know.
    2
  17. Awesum bear has the point, why renting can be better. But maintenance, taxes and interest you have to pay anyway: If you rent, your landlord is going to count them in your rent.
    2
  18. Not necessarily. You just need to be very aware of what to buy and with what price. Buying too high, and following trend is the number 1 caveat that make people fail in quick trading. You have to go ahead the trend and make sure you DON'T PAY TOO MUCH for the stock to make quick profits. Sometimes that means not trading for months because there's no stocks available with price that you could make a profit. I have made +70% this year by fast trading, so it can be done. Just be smart and follow the stock market news closely.
    2
  19. Crypto stablecoins are pegged to US treasury bonds? So they're really just 21st century version of South Sea Company... Who says hostory does not repeat?
    2
  20. Actually wouldn't the fact stock only crashed a year back. To 2019. Promote selling the stock? It's not big setback, but there certainly was risk of losing much more, vs. Chance of buying back low priced stock. I haven't taken any research, would that made more profit. I don't think that precise history analysis makes much sense looking forward. Personally, I wholly expected much bigger recession, and thus only started buying in january 2021, when economy started properly looking to recover.
    1
  21. Have to comment that that dead pan picture of you heart Excel is excellent. I love Excel too. It's pretty much the greatest thing invented for computers since 1990
    1
  22.  @christianabsalonperez8451  But with so many companies out there, you can find almost any flavor you want. Why not to just pick ones that are both: Can have legitimate chances to grow, and are inexpensive, because in current hype, there's no money pushed to these less sexy old companies just doing their business. When you buy real "growth companies", you either overpay for the stock, or gamble with your money. There's no helping it. And for real "value stocks", there is not much to win either, because every John Doe is putting their hard earned money in safe there.
    1
  23. Model 3 by far the best selling ev in europe. But here's january-september 2021 ev sales in europe by MANUFACTURER: Volkswagen Group - 25% share (Volkswagen brand - 10%) Stellantis - 13% share Daimler - 10% share (Mercedes-Benz brand at 9%) BMW Group - 10% share (BMW brand at 9%) Hyundai Motor Group - 9% Tesla noted 7% share so far this year. Doesn't look very promising.
    1
  24.  @Stew282  Personally, I much rather have fun when in my 20's and let the money flow. There's plenty of time saving and investing, with steady job and family. I'm now 30 and married, house has 85 % outstanding mortgage and with 3000 eur investment account and a full time 40000 eur a year job. I know I probably could have at least ten times that with steady and frugal strategy, but I have absolutely no regret. My life would be much worse overall if I had spent my younger days playing Scrooge McDuck. Just something to consider for younger people out there.
    1
  25. As a beginning investor, well trader to be more exact, I'm pretty confused why in general people are so freaked about by the risk in stock market. I mean if you keep an eye on your stocks, and have done proper research, it shouldn't be hard to buy with care and sell when things are going bad. Losing 10 % is not a big deal, if you know you can outweight it by just buying more the same stock. The again, usually I think it's best to just take the hit and put same money on something inexpensive you expect to rise. It doesn't matter how big losses or how big wins you gain. As long as you're right over 50 % of your investments, you're going to come out winning, and that's not hard to do with proper research.
    1
  26. I love volatile stocks, because I constantly get the itch of trading. Having a stock sitting on a level for months gets on my nerves, I rather have it move at least somewhat so I can tinker and adjust my positions accordingly.
    1
  27. You notice that markets well known capability to bubble defeats the whol idea "rational investor" hypothesis. Markets can't be both: irrational and rational. If there's irregulaities in the market and assets it represents, it's not plain rational. No matter if there's a lot of trackable rationality going on. Key to win the overall market return is to find those irregularities, and invest accordingly.
    1
  28. Liquidity regarding micro and small cap stocks is real culprit here to produce brilliant "pseudo-trades". If you've actually traded them you know there's always a theoretical edge to make money with day trading. Problem is you often can't use it, because there is no buyers for the price you in theory could sell for, not vice versa. And usually large part of any profits made go into trading fees since the margins are small.
    1
  29. I get his critisism towards 401k. I think what people fail to see is two important points: 1) If you really need the money, that's not accessible, it can lead to severe repercussions in the long run, and effectively ruin your life. 2) People always expect to retire. I don't know why. I guess I may survive to be old enough to retire, but then I don't know what kind of world it is then. Is there anything left of my retirement if world economy collapses, or we get a major war involving western countries. Or maybe I die of heart attack two years before retirement like my grandpa did. Anyway, I don't have a horse in that race. Being finnish, our retirement is automatically taxed from our salary and there's really nothing for individual to do about it. A part of living in country with a strong social security.
    1
  30. That's what I've done with great results thus far. I mean there's hardly a risk of massive failure even just owning one stock if you know what you're investing in and be ready to jump the boat if your tactic turns out bad.
    1
  31. Let me add in something learned hard way: Decision making process is only as good as the area you apply it in Different time or different stock, can lead to very different decisions turning out good or bad even with everything else being same in your process. That's why it is process, it needs to continuously adjust to moving target you're chasing at.
    1
  32. I've in exactly opposite mood now. Actively sold and bought shares through 2021 and made quite nice profits. Tried to catch december/january, but it ended sharper than I expected, so I thought to move into more passive investing to go through hard times. Worst decision ever. I lost 1/2 of my profits from last year and would have stuck to declining stocks, hadn't I bit the bullet and sold off to go back actively playing back what I lost. This passive investing is garbage.
    1
  33.  @Nr4747  If they're smart enough they should understand their shilling of a stock with that amount of volume is meaningless in moving the share price. Or maybe not? I don't think many of them are that smart.
    1
  34. Nah. Bubbles are obvious. People just claim you can't see them beforehand to justify their own stupidity. Currently electric car market is one huge bubble. It may not burst violently in the end. Just lose air, until profits catch up valuation, but there's no question it is one right now.
    1
  35.  @gameover-wy5ij  Ha! No... sadly No one knows WHEN it bursts... No way I'm going to bet my money against human stupidity :D Besides even if I could know well enough to bet on it, I can't afford that.
    1
  36. I think that you're overanalysing this. (Great analysis though!) What is your definition of a bubble? Is it a bubble if it merely phases out, or does it have to burst to be called a bubble? If former, I don't think there is a question that were in a bubble fueled by passive investing. It is widely accepted as a default strategy, and there's been massive influx of capital to the market in recent years. Especially since Covid. Meanwhile trading has become more popular than ever. With passive investing holding stocks, traders are trading more and more scarce stocks with higher prices. But in the end, all you need to do is to look stock prices. They're just out of proportion. In my home stock, I can count reasonably priced stocks with one hand (maybe two, if being less careful). It's insane.
    1
  37. Is the price of shares in IPO in US set only AFTER the subscrictions from investors?? I would never take such deal... Here in Finland company announces the IPO, then after marketing prospectus is published along with the price and there's about week for investors to announce their interest. After which if it's succesful, bank allocates the shares at that predetermined price. I've made neat profits with them this year, though the best ones have resulted in only a shares worth couple hundred due large demand.
    1
  38. Index funds are only as good as the overall economy. Personally I'm too pessimistic and sceptical to keep my money in stock market very long in any form without close attention. I'm just waiting for the eurozone collapse, and trading stocks I find solid in the meantime, ready to jump out before the fires start.
    1
  39.  @cherchehacknostale  True. But what's the point of dangling your money for months or years on an investments that are more likely to go down than up? That's what I've never understood about long run investing. If you sell, and turns out you we're wrong, at least you've won a little and If you are right; you win a lot more. And you can always buy back in when you assess things are coming out better. BUT if you don't sell and stock falls... That's lost profit you can bever get back AND you're just lost possibly years worth of time in stock. It's honest question. Why is that considered in any way as a smart strategy?
    1
  40.  @rabidlorax1650  I don't know if the stock falls or rises. I'm just managing risks. If you sell at profit you lose nothing regardless of future. I only buy stock when I'm sure it's not going down in a short term. I currently do hold few stocks that went red on friday... Should have sold on thursday, but if they don't break even in next week, I guess I'm in the long game with them know. I did sell what I didn't see have long term value in past weeks so I have no worries.
    1
  41.  @rabidlorax1650  That's more risk and I could be wrong. I think overconfidence is possibly the worst thing you can do in trading. I've had couple of trades gone worse than -10% last year, if I had leveraged them, it would have been really bad. Now they we're mere hickups, my good trades could easily outweight. But I'm not that experienced investor, so my questioning of holding vs. trading, was just to understand the reasoning behind long investing better.
    1
  42. Why is my response disappearing?
    1
  43.  @eeekkk34235  Exactly. Another point is, if you expect a rise, but the stock keeps slowly sliding without reasonable explanation. It's much preferable to sell at loss, put money something, that actually makes profit, or even just hold it, until stock starts to recover. Then hit it. Of course it greatly depends on individual stocks and how they behave.
    1
  44.  @gianni50725  Saying US Stock market is "The Stock Market of the world" is superbly misleading and US centric view. Yes, by market cap it's by far the largest, but that's just for three reasons: 1) US has been the only economical superpower around for a century 2) Influx of capital with low corporate regulation has allowed massive worldwide companies to sprung there 3) Two previous reasons has allowed US Market to digest capital all over the world, enlarging it's capacity and pushing up the index. In real world value and production US is still the largest economy sure, but not that much bigger from EU and China. Meanwhile the outsourcing of valuable production has greatly reduced the overall strenght of US economy even though it's effect of valuation has heen exact opposite. This is very much true for EU as well. Far East will eat Western markets alive, if we don't start protecting and pushing up our own production soon.
    1
  45.  @RichardServello  Well, I'm only about talking finnish stocks here, but usually there is some reason behind the sudden 10% jumps or falls. A news article, profit warnings, some profitable deals etc... It does help a lot to always dig up reasons for those jumps in order to learn how specific stocks behave. I've made a few nice quick trades with knowledge learned from those, avoided few falls. (and admittedly also made mistakes too)
    1
  46.  @feynstein1004  Cheers! Admittedly, last year has been pretty wild in stock...
    1
  47.  @feynstein1004  True. I mainly focus on the older, well established companies that haven't fared particularly well in the past years. I think the few ones that still have reasonable pricing to turn out profit can he found there.
    1
  48.  @Fractal_32  You have to pay them anyway. Sure if you trust economy continue to increase, or happen to pick right stocks for long term, you can increase profits while holding. But if you sell, you have to pay them anyway at that point. For instance, it would have been better to sell earlier this year, and buy later back even if it means you have to pay taxes. On the other hand, I couldn't afford to invest same amount of money long term I trade with. So that makes opposite effect to taxes.
    1
  49. You said it yourself. If Tesla isn't a bubble... I have no idea how to continue that, it's so freaking obvious. Just look around. How much Teslas gou see sold? Hpw big the company actually is? It's market value is by far the largest of any automotive company, but do you really think they can beat VAG, as they turn to electric? Ten there's the rest... Ford, KIA, Volvo (huge in europe if not there in US), Stellantis... I'm not saying Tesla wouldn't be big winner in future. I'm saying the stock price is out of proportion, and there is no way around it, unless you think their next car is going to mimic the T-Ford or VW Beetle level success. If you think that's going to happen... Well, good luck!
    1
  50. In Finland my bank is currently cheapest as far as I know, and they charge from 0,15 % to 1 % transaction fees. Basically with the amount of sums I can afford, it's that 1% per trade.
    1