4.6 • 682 Ratings
🗓️ 8 April 2025
⏱️ 5 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.3 | Start budgeting for free today. |
0:06.6 | Did you notice, Jade, that the news people are melting down? |
0:12.2 | Oh, they're puddles. |
0:14.7 | Did you notice that the internet is ablaze that we're all going to die because we've had three or four consecutive days of the stock market |
0:21.7 | going down. Yes, Dave, I've noticed. I'm real. I think Chicken Little is alive and well. The sky is |
0:28.3 | falling. The sky is falling. The sky is falling. The sky is falling. The market's down. |
0:34.2 | Well, over the last two years, it's still net up 80%. Let's not forget that. |
0:38.8 | So here's the rule, boys and girls. |
0:41.0 | If you're going to be an investor, the definition of investor is you are thinking long term. |
0:47.7 | If you're going to be a day trader, we can look stupid up in the dictionary and find your picture. |
0:52.9 | Because 82% of day traders lose money. |
0:56.5 | So stupid is what that is. |
0:58.7 | But we don't do day trading here. |
1:00.2 | We do investing. |
1:01.0 | We have a long-term mentality. |
1:05.0 | So if you have a long-term mentality and the stock market goes down, those of us that have |
1:10.0 | been investing in the market |
1:11.4 | steadily for 30 or 40 years, not 30 or 40 minutes, we smile when it goes down and buy more. |
1:21.2 | It's on sale. When I was a little kid, there was a company called Kmart. |
1:26.9 | Oh yeah, I remember Kmart. |
1:28.3 | Go shopping at Kmart. |
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