Never aspire to be Warren Buffet
People have been sold an idea of a man that doesnt exist. They believe Buffet got rich by investing in the market but this is only contextually true. He became rich using what's called "compounding interest." Compound interest is interest accumulated from a principal sum and previously accumulated interest. It is the result of reinvesting or retaining interest that would otherwise be paid out, or of the accumulation of debts from a borrower.
Corporate bond buying allows a fixed interest rate with a maturity date for the principal amount. By using this method Warren was able to enrich himself off of debt not by buying low and selling high which is what people have been made to believe. In fact out of his hundreds of investments in the market only 10 have been successful investments using that strategy.
The same goes for Musk. He isnt a founder of $Tesla(TSLA.US$ and the only reason he is able to say that is because the courts decided it in a trial based on his funding of the company. Instead Musk gave the company 10 million dollars and in return they gave him millions of shares and warrants. He then did what has been happening since 2020 with companies in the stock market: they promote bullshit in order to trick investors into investing to increase the stock price so those millions of shares can then be sold or used to acquisition other up and coming companies. The goal being to sell an idea that looks good on paper even tho realistically isnt possible like what $Mullen Automotive(MULN.US$ has done.
The market on average per year has returns of around 11% and that isnt going to make anyone rich. So it's in an investors best interests to make a goal but a reasonable one and leave the BS selling to the media and governments. My goal this year is simple make a profit; big or small doesnt matter which because I just enjoy the challenge of investing.
This week:
$Freight Technologies(FRGT.US$ February 16th the stock needs to be over 4.00 in order for the warrants and shares to be registered for the loan they received in December.
$Semilux(SELX.US$ merger complete with the new company mixing up the shares and warrants in order to increase the share price back over 10.00
$Hitek Global(HKIT.US$ Would like it to follow $MicroCloud Hologram(HOLO.US$ but it may be done and go into a sideways drawl unfortunately. So I'll look for $Telomir Pharmaceuticals(TELO.US$ to rebound at the 7.15 price up to around 11.00 but if it rebounds off of todays low of 7.53 then it has the chance to challenge the high price of 20.72.
Good luck!
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JCBF : Great content here that a lot of people should read.
Buffet brings in millions on didvidens and interest. None of which happened overnight.
Mcsnacks you must be an early riser or sleep deprived...lol. Either way good information, thanks for the time to put it out there.
72884005 : Thank you for sharing you are great
Slug : Ty tupack
Nidia_Girl : Actually Without Charlie munger , Warren Buffett wouldn't be successful.. He just happens to be the face of the company but Charlie is the one taught Warren true value of investing
bullrider_21 : The part about Musk is true.
He overpromised to suck up investments which were meant for rivals and then under-delivered.
Musk: great in generating 'money out of thin air’
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/elon-musk-wonderful-propagandist-generated-221748723.html
Mcsnacks H TupackOP bullrider_21: He used the youtube algorithm to get his videos seen millions of times. Made himself likeable by pretending he was just a regular guy making the future better for other guys. But what made the company was deal with the SEC and Finra. My intel says he had connections in government with Trump. I don't know if you remember this but Apple stock and Tesla stock were the only two companies retail investors could buy in pre-market and After hours. Everything else was institutions buying and selling at that time. Somehow his company was chosen as the testing of it before they let retail trade at those times.
bullrider_21 Mcsnacks H TupackOP: Didn't know about that.
Mcsnacks H TupackOP bullrider_21: Yea they found that Apple and Tesla stock did better in the after hours and premarket trading than during regular trading hours.
CeruleanFusions : You just blew my fkn mind...
CeruleanFusions bullrider_21: Thanks for providing that link. This is interesting sht
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