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Market Mondays

The Wrap Up: WHY MOST PEOPLE LOSE MONEY INVESTING

Market Mondays

EYL Network

Business, Investing, Entrepreneurship

5.04.1K Ratings

🗓️ 3 February 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

In this Wrap Up we talked about cyber security stocks, Zoom, and we discussed why most people lose money from investing. #stocks #investing #earnyourleisure  



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Transcript

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0:00.0

I just want to just talk about something that is interesting.

0:03.0

What we're using to actually communicate with people,

0:05.5

what we have been using to communicate with people

0:07.4

for over two years is a company called Zoom.

0:10.7

And Zoom went up crazy during the pandemic

0:14.5

because everybody was home and the schools had to use Zoom

0:18.5

and everybody was working remotely.

0:20.9

Zoom currently 62% off of its all time high.

0:25.4

But it's interesting that you say it's dead.

0:28.3

So why do you think Zoom is dead?

0:31.3

Going back, okay, so I'm going to use your brain.

0:34.3

So if I come to you and say, hey,

0:36.3

there is a technology company in which we can video conference

0:40.3

with everyone.

0:41.3

But the current, let's say at that time,

0:43.3

the price was $321.

0:46.3

Your first question is going to be,

0:48.3

who else is in the landscape?

0:49.3

Now, you can use Google, you can use FaceTime,

0:52.3

other apps you can use.

0:54.3

There is no real competitive advantage.

0:56.3

The difference between, like what happened in 2020 and 2021

...

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