newadminStock Market Has Crashed - How To Invest Now
Everything you need to know about the stock market crash and how to invest your money right now
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I started investing in 2014 with the free Robinhood app, worked to save money, made a ton of sacrifices so I could finally start investing and watch my money grow and now - I just lost over $60,000 in about 30 days as the market just had it’s WORST DAY since 1987. Would you panic at this point? Would you sell your stocks?
In TODAY’s video I want to talk about what I’m doing as a dividend investor because the Fed is about to inject 1.5 TRILLION DOLLARS into the economy to save the market from completely disappearing, I’ll show you what my portfolio is doing specifically, as a breakdown along with my income to see how I’ve been affected during this stock market crash and by sharing my story, I hope I can give you some insight, some confidence to keep going, and to keep investing.
I like to make these dividend investment portfolio video updates once a month, like I’ve been doing since January of 2019 to see my own journey as a way for me to keep track how I’m progressing, through both good times, bad times like we’re in now.
No matter what’s going on in the market, I like to make money, that makes the most sense to me. If I did it any other way, I’m not sure I’d have the courage to hold all my stocks because the last month, literally rewinded the clock on almost 4 years of investing progress. In one month, 4 years vanished in the blink of an eye. This is very much so why I’m a dividend investor in these times - my money keeps paying me money. Every single month that I’ve been an investor, I still make several hundred dollars, and sometimes as much as a thousand dollars to do nothing, and just passively sleep.
Now is the perfect time to start investing as a dividend growth investor or really any other kind of investor. RIGHT NOW, you have been given a time machine, to go back, and make right all those times you wanted to start investing but didn’t because you heard the market was too high. If we reference stock prices, you can see when prices were at all time highs - that's when people really want to start investing, when they see everyone else around them making money. You get the fear of missing out - fomo. But now more than ever as stock prices fall, is the time to get serious.
You wouldn’t believe the amount of people that say “this time is different”. I get those comments all the time. "The stock market is about to do something the likes of which you have never seen before!" Insert vague prediction with no deadline along with a few technical words. When you hear that stuff, it creates a perpetual myth of fear and uncertainty which is exactly what makes the situation worse.
But ask yourself this….” Has this stock market crash, really changed the way business will continue to make money in America, or anywhere else in the world?" I don't believe so, and in this video I explain exactly why and how I want to continue investing through these tough times ahead.
As always, pay down your credit card debts, loans, save your money, live frugally, become a financial minimalist and start investing to finally build your wealth and perhaps, become a millionaire