Reaction: I Asked Wall Street Millionaires For Investing Advice (@JordanWelch)

Jordan Welch asked Wall Street Millionaires how to invest during the 2022 market crash? Here are my thoughts on their advice!

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Original Video from @JordanWelch:

Time stamps:
0:00 - Wall Street advice
1:11 - Portfolio tracking
2:40 - My reaction to millionaire advice
15:07 - Final thoughts

Enjoy :)

Disclaimer:
I am not a financial adviser. This video is for education and entertainment purposes only. Seek professional help before making any investment decision.​

[InvestingwithTom]

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[Mybodylife]

The last guys advice (animated) was the best advice, watch and learn from this volatile market. Learn from lots of others mistakes.

[johnnytrentin]

I never disagree with you Tom.
And I know Buffett doesn't own gold or silver anymore.
But Gold has outperformed the S&P500 from the 2000's by a fair margin.

[justone]

Are those bobbleheads a hint on KPG? 😂

[yewchoobar]

In the last 50 years gold and the S&P are about the same. Vs non-US (FTSE etc) broad indexes gold has outperformed in the long run.

'In the long run the market is a weighing machine'. Nothing has had a longer run than gold so Buffett saying it's value is from greater fool theory is nonsense.

The intrinsic value of gold in the long run has been the broad money supply because it is a scarce and Fiat money is not.

[thewarrenbuffettspreadsheet]

Nothing shocking here. Buy undervalued stocks and sell them when they become overvalued 😉 If choosing high quality stocks just hold them regardless of price unless extremely overvalued. Hold them as long as the business continue to be good. Buy when others are fearful. Invest for the long term, trade infrequently. Chose stocks that has a service or product that there will be a demand for in the future. There are many strategies that can work of course. But as Peter Lynch said: avoid hot stocks. Thats what I have done and are doing. Seems like still people are investing a lot in cryptos, Tesla, EV companies, innovative tech. I am comfortable investing in more boring businesses with cheaper valuations.