4.4 • 823 Ratings
🗓️ 2 November 2021
⏱️ 25 minutes
🧾️ Download transcript
Motley Fool Analyst Eric Bleeker joins us with his advice to avoid getting burned when investing in crypto. Bro interviews Bill Schultheis, author of The Coffeehouse Investor's Ground Rules: Save, Invest, and Plan for a Life of Wealth and Happiness. And we answer your question on picking which stocks to sell when you need the cash to buy a home (or whatever, it’s none of our business).
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0:00.0 | This is Motley Fool Answers. I'm Alison Southic. |
0:05.8 | Joined as always by Rob Burr. It's getting cold outside Brokamp. Personal finance expert here at the Motley |
0:13.0 | Fool. Hey, bro. I have used the space heater in my basement here once or twice. So I totally agree |
0:18.1 | with your Burr assessment. Yeah. In this week's episode, we learn a thing |
0:21.7 | or two from Motleyful analyst Eric Bleaker about avoiding crypto scams. Bro talks to the coffee house |
0:27.4 | investor who brews up some folksy wisdom on finding financial harmony. And we answer your question |
0:33.0 | about what stocks to sell when you need the cash. All that and more on this week's episode of |
0:37.6 | Motleyful Answers. What if I told you that I have an investing opportunity that combines |
0:43.6 | food delivery with cryptocurrency? It's like Uber Eats or DoorDash meets everything amazing |
0:49.1 | about crypto that you don't quite understand enough to ask intelligent questions about. |
0:54.1 | We're going to call it CryptoEats because that's actually a solid name. |
0:57.8 | And we're going to need T-shirts printed, press releases, |
1:01.3 | let's plan a big launch party and invite TikTok influencers who will then promote us. |
1:06.3 | And we're also probably going to need to charter a jet to get out of town, ASAP, because by the way, |
1:13.1 | this is all really just an elaborate scam. |
1:15.5 | And we're going to rip people off to the tune of about half a million dollars in just a few |
1:19.1 | minutes of launching our coin. |
1:20.7 | It's a lot of upfront effort, but it'll be worth it. |
1:23.9 | And yes, that's really a thing that happened. |
1:26.0 | According to Vice, the crypto eat scammers mocked up a logo, got TikTok influencers to promote it, and won to wear its swag on a video. |
1:33.2 | They apparently threw a party and announced the Eats token through a press release that was distributed through sites like Yahoo News. |
1:39.7 | And after a week or so of what Vice describes as a concerted influencer-led hype fest, |
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