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The Playbook With David Meltzer

2 Things You Need to Know Before Making an Investment

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 8 June 2022

⏱️ 3 minutes

🧾️ Download transcript

Summary

Whenever people ask me "should I invest in crypto or should I invest in NFTs?" I always tell them, it depends on your timing and risk tolerance. If you can't determine your timing and risk tolerance, then you're not ready to make an investment. Tweet me your takeaway from today’s episode @davidmeltzer Email Me! [email protected] Sign up for my Free Weekly Training https://free.dmeltzer.com/friday-training-1 Text Me! (949) 298-2905 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Well, I know the timing and risk tolerance of my $2.

0:02.6

It's about a billion to one.

0:04.6

So when I didn't win the lottery with my $2,

0:07.7

that I did for fun, I got exactly what I wanted.

0:10.1

This is the flavor.

0:13.3

There's only two things that you really have to determine.

0:16.8

Timing and risk tolerance.

0:19.9

Then you have to find someone that knows about gold silver,

0:22.6

dollars, crypto, NFTs, and figure out, OK, here's

0:26.6

my timing and risk tolerance.

0:28.3

I want this much to invest, and my return

0:31.8

should be in 10 years, 20 years, 100 years,

0:35.4

for my great grandkids, 1,000 years, whatever.

0:38.2

Once you have figured out an acceptable timing and risk

0:42.0

tolerance, you'll always be satisfied

0:45.4

if you get a credible source to tell you,

0:47.4

hey, this matrix NFT, here's the risk of it.

0:52.6

You have a 10% chance of it being worth what you're

0:54.8

going to pay for it.

0:56.1

And the return on investment will be either

0:59.2

sell it in the short term in the first week you'll know,

1:01.8

or it might be 100 years from now.

...

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