Go offline with the Player FM app!
#585 - Are We in a Recession? Should We Buy Stock Right Now?
Manage episode 256953619 series 2394117
We face a very unique situation right now with the current pandemic. Coronavirus/Covid-19 is driving the economy downward drastically and we certainly weren't prepared for it. So with that said, what are you going to do about it in your world? There's a lot of risk but there might be opportunity, too.
"As long as cryptocurrency remains hypothetical, it'll be more volatile." - Tai Lopez
(click to tweet)
Points to keep in mind:
- The world order is bound to change in light of today's circumstance.
- You can either freak out, or you can stay calm. What's gonna happen is what's gonna happen.
- Narcissism and Machiavellianism are completely different personalities.
- Always be mindful of both sides of the narrative,
- Cryptocurrency can be a volatile and risky market.
- Your investing should be primarily in things you have control of.
- A key rule of thumb to investing is buy when the market is low; sell when the market is high.
- Live your life with caution, but don't live your life out of fear.
- You should only be putting walls up after an experience. Not before.
- Don't be intimidated by the powers that be, but don't be disrespectful.
- Living a reactionary life means you're never prepared for what's next. Be proactive, not reactive.
"Buy low, sell high." - Tai Lopez
(click to tweet)
Summary: In this era, there's a lot of fear and chaos throughout society. Everyone is reacting to things rather than preparing for them. Don't fall into that stream of living.
Live a life of strategy.
"If you always react, you never strategize." - Tai Lopez
(click to tweet)
See omnystudio.com/listener for privacy information.
652 episodes
Manage episode 256953619 series 2394117
We face a very unique situation right now with the current pandemic. Coronavirus/Covid-19 is driving the economy downward drastically and we certainly weren't prepared for it. So with that said, what are you going to do about it in your world? There's a lot of risk but there might be opportunity, too.
"As long as cryptocurrency remains hypothetical, it'll be more volatile." - Tai Lopez
(click to tweet)
Points to keep in mind:
- The world order is bound to change in light of today's circumstance.
- You can either freak out, or you can stay calm. What's gonna happen is what's gonna happen.
- Narcissism and Machiavellianism are completely different personalities.
- Always be mindful of both sides of the narrative,
- Cryptocurrency can be a volatile and risky market.
- Your investing should be primarily in things you have control of.
- A key rule of thumb to investing is buy when the market is low; sell when the market is high.
- Live your life with caution, but don't live your life out of fear.
- You should only be putting walls up after an experience. Not before.
- Don't be intimidated by the powers that be, but don't be disrespectful.
- Living a reactionary life means you're never prepared for what's next. Be proactive, not reactive.
"Buy low, sell high." - Tai Lopez
(click to tweet)
Summary: In this era, there's a lot of fear and chaos throughout society. Everyone is reacting to things rather than preparing for them. Don't fall into that stream of living.
Live a life of strategy.
"If you always react, you never strategize." - Tai Lopez
(click to tweet)
See omnystudio.com/listener for privacy information.
652 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.