Consept

Im new to stock trading but in my opinion i think its best not to get sucked in by the pundits and predictions, i think its best to just put your money in stocks that you believe in, keep them diversified and then just leave it, maybe check in once a month or so (this is hard to do but worth being aware of). If you look at charts, prices will always go up and down, but more than likely even out over the years and give a fair return, at least one thats much better than holding cash, if your emotions are tied to it youre gonna put yourself on an unneeded roller coaster ride. Just my initial opinion on trading

So just came across this app called my tickr, basically it's an investment app that only invests into ethical businesses for you. So you put however much you want, you can also set it to pay in monthly, they put your money into a fund that invests into businesses like clean energy or sustainable farming or whatever. Recently I've been getting my head into learning about stocks and longer term investments, my only issue with normal investing was potentially to reap a good return you might have to invest in businesses that are essentially contributing to damaging the planet or have terrible working conditions. So I wouldve looked specifically for more ethical businesses anyway. So question is, can you actually make a decent return on this and has anyone tried it? I'm very tempted to just lump a load of cash in but if its not actually gonna grow I'd rather just give some to charity and invest in other things @Average Investor I'm looking at you https://yourmoney.lumio-app.com/tickr-review/

Thanks for sharing, have been caught in these downward spirals recently, constantly looking for solutions so this is a great reminder

Thats excellent to hear bro, that feeling when you cant sleep because youve broken some personal barrier is an amazing feeling and in my opinion confirms youre in the right path. A lot of the time the journey is worth it alone but when the times right something will come along that just makes complete sense. Keep pushing and enjoy it bro. I agree it could contribute to making the world a better place but the current adoption shows the orange level we're at, at the moment, it is a game changer in terms of the technology and ideal behind it, but its too early for us currently. To be fair i guess its worth a gamble if youre not using a good chunk of your capital, definitely would be at 6k or lower. You not tempted to sell now though? that would be nice profit

Im not an expert but I agree in that i think eventually some kind of crypto currency could be the main or at least a widely used currency but i think we're some ways off that. I think the value is really pumped up just really based in either emotions or whales that are aware of the emotions. But thats not to say you cant be smart and make money in the market, you definitely can, i would just be wary of looking at it as a mid to long term investment, which is really what im on the look out for. Theres a couple red flags for me, one is that 1000 people own 40% of bitcoin, meaning if a couple cash out it could really tank the stock. Also its not based on any asset or anything really, at least if a companys stock goes down it can usually recover as theres an actual company behind it, whereas if bitcoin completely crashes it will just evaporate in to thin air. I dont really get how it can be used for payments now as the price fluctuates so much, imagine you sell a car for £20k in bitcoin today and tomorrow that £20k is worth £4k. It is true cash is also based on faith as well but really cash isnt regarded as an asset its just a means to buy assets, whereas people are treating bitcoin as an asset in of itself. I dont know man it jut feels a bit like the dotcom bubble and the subprime crash, like everyones getting rich but at some point the bubble will burst. I am probably a bit biased against it as i just cant see myself putting money into it beyond a speculative %. But how do you make money from it personally just out of interest, and what kind of returns have you seen?

Excellent, thats very helpful, thanks! Are you happy with the returns youre getting on your portfolio? At the moment it seems like its impossible to open up a trading account with anyone because of all the robin hood stuff, but as soon as all that calms down im gonna work out some kind of strategy to put some funds in.

Thanks for tips man. Yeah i was looking into these ETFS, I do like the clean energy one just because i really believe the world is going in that direction. The UK has set quite high carbon targets for 2030, i also see electric cars becoming much more prominent in the next few years as also here in the UK theyve said theyll be a ban on the sale of all new petrol and diesel cars and thats from a conservative, center right government. Also more young people are gonna be green as you see from voting trends from young people voting in a huge majority for Sanders and Corbyn. Having said that im obviously not going to put all into these funds but ill put a decent amount. Im thinking also tech and then a bit in gold and sliver just to back it up. What do you think in general about ETFs? I want a few investments where i can put the money in and just let them do their thing, as i understand it the best way to to do this is putting it into an index or on ETF. Also do you evaluate an ETF differently to a stock, i was looking at P/E ratios but i dont know if it works the same with etfs. Getting a little technical but you are the data monster

@Average Investor Thanks for you reply man true, to be honest im still learning about the fees and what not but looking into it you are right the fees are a bit too high and theres not really a need for it to be like that as i could just invest in the same etfs on a different platform for a fraction of the cost. I think the thinking behind the fees and the company itself is its more for people who are first time investors and maybe want most of the work done for them, but want to invest in things that are good for the earth. Green level people basically, i think it is a good idea from that perspective, but for those that know a bit about investing they probably wouldnt bother with it. After a little digging i found out what funds they were investing in, so i may just put a little into them aside from the app. I get you, it is hard to invest in the stock market and be completely ethical or even think about being ethical, its not something i wouldve thought about before, also there pros and cons of every business. But i would like to have some kind of intention to invest in businesses that at least dont cause crazy damage to the earth or exploit workers or whatever, its not gonna be easy and i mean i sell on amazon where i know there are people getting exploited so its not always easy to avoid. Yeah im currently reading it, you advised me on it before so appreciate the recommendation and im learning a lot so far. I also take your point on the distraction, I always try and be conscious of slipping down that rabbit hole of finance and making money, at least mentally anyway. It can be very difficult as its almost like a great puzzle for the mind, theres so much to learn and work out, but ultimately it could just bring money which obviously is necessary but not everything. I havent fully defined my LP yet but I wouldnt mind if it was based around helping others to financial freedom and out of wage slavery so this learning process could help with that anyway. Out of interest, whats your LP? no worries if you dont want to share it

Fair play, this is what growths about. Now that youre on the other side of the fence, I just wonder what approach do you think worked best to open you up in the debates you had with people, was it a tough love approach or a more compassionate, accepting kind of approach?

I get similar strands of thoughts, so it's normal at least for me. What I've been aware of is the more I just watch without getting caught up and getting attached to these type of thoughts, the less I get of them, it's like your brain recognises whats important by your reaction to whatever thought. The reason why it might be important to you can be delved into with therapy and really exploring why these thoughts have become habitual. Most likely it will be something from when you were a kid. There's not really a way to change this like that, it takes more and more awareness and detachment from these thoughts, so that they are just seen as important anymore

Watched the first one, great stuff so far, breaks down so much history that you would never hear about otherwise. Hypernormalization was great as well

What happened, I don't get it ??‍♂️

'God helps those who help themselves' or something like that

Just throwing this out there but something I've often thought; is a lot of activism just about giving yourself a purpose and painting yourself as the hero in your story? The reason I bring this up is because if you question people at any rally, a good percentage are often not that well educated on the subject of what they're protesting about and they almost definitely are not taking a nuanced view. Add to that the hero's of society in recent history have all been activists fighting, usually validly, against an unjust system, mlk et al. So with this incentive of being a hero, mixed with in some cases an ignorance on the topic, I think it can lead to over exaggerating situations, some of which could actually be solved if a few people sat around a table to discuss it. Obviously I'm not saying activism can't be useful I just think this modern day activism has a lot of ego and is a lot for show, it's almost like issue of the day, rather than thought out campaigns. Yeah to agree with above, if everyone did turn inward the world would be better but you know everyone's on their own journey

I wouldnt agree that its completely saturated i think there are a lot of opportunities still around to make money from fba. You have to look at fba as just an outsourcing tool, rather than just some way to make money in of itself. If you think, 20 years ago if you wanted to start a physical store, it would cost a lot to get premises, you still have to do marketing, you have to have some kind of distribution system etc. Or if you wanted to bring your own product to market you would have to get a purchaser to buy it for a chain of shops or youd have to try to get on tv to market it and countless other things. The point with fba is you get all of that in one location, you get one of the most visited sites in the world to put products on, you get all logistics, some marketing, distribution, storage, all of this is handled for you. Obviously there is a cost but its a lot easier to manage than it wouldve been previously. I came across this guy called Brock Johnson, who has a course on Amazon, i havent gone through it myself but it looks as comprehensive as you can get, and its $39 or $1 a week with no upsells, ive never seen a course that cheap and detailed. So if anyone is interested, i have my own free podcast in my sig, but i would also recommend giving this guys a go, even if you just try it for a week for the $1. Im not an affiliate or anything like that, just genuinely recommending the course - https://get.thelastamazoncourse.com/sign-up/&_ga=2.226546589.1671258942.1612191635-43966540.1612191635

Thanks, like i said just depends on the model you use, if you private label you could lose some money, if you do arbitrage or wholesale you can always sell what you bought for cost if things dont go as planned so the risk i quite low in that case

I do Amazon FBA, have been for a few years now. In my opinion is 100% possible to get a strategy that works for you even now when its supposedly saturated. Amazon has its drawbacks of course but to have such access to markets across the world I dont think has ever been done in history, on top of that you can outsource massive chunks of your business to them, warehousing, shipping etc Its a great opportunity honestly. The problem people have is that they treat it as a quick money thing or just dont give it the respect they would say a bricks and morter business. You have to understand this is a real thing so its not gonna be easy and its not a matter of just pumping money in and getting a return. Personally i do Wholesale, i buy from auctions and some Online Arbitrage. Ive never done Private Label, which was basically a gold mine a few years ago but with all the restrictions on reviews and gurus selling courses has become much harder to do anyway. I started on ebay where i got my head around the idea of hunting out good deals and selling on but Amazon really expanded things to a new level. I would recommend starting on ebay as well and also looking at Online arbitrage to start, you can use a software called Tactical Arbitrage if youre in the states to help find deals. Theres also a site called Bstock supply that auction returns and different bulk lots. Regarding money to start, i started on ebay with £500 and was making about £1000 a month profit after about 6 months. Ive had ups and downs but overall its been generally steady, i havent had another job for years now. So £1500 is fine to get started with if you spend it right, there isnt much risk with Arbitrage because worse case you just sell it for a slight loss, you wont lose all your money, but either way see it as a learning experience, if you make a mistake it wont be the end of the world and youll learn from it. But good luck, ive got a podcast about fba in my sig if youre interested or if you need any help just drop me a message.

It will always be relative, if your boss is earning 1000x what you earn you will feel hard done by, i think we're wired to perceive this

Your point is valid, there are some billionaires that provide jobs and value for the economy, there is an argument to be made that Amazon took away a lot of jobs by putting others out of business but im not necessarily presenting that argument. Jeff Bezos has a wealth of nearly $200 billion or 200,000 million. Now lets say he was taxed fairly and the tax cuts he was given could be given to the middle class (i know im simplifying) and lets say he ends losing 50 billion so he still has a wealth of $150 billion, that 50 billion could be 50,000 millionaires, meaning more money to spend on Amazon, meaning probably more money for Bezos anyway. Or lets say he improved the wages of everyone that worked at Amazon or even didnt compete with 3rd party sellers and just let businesses sell on Amazon without aggressive competition from Amazon itself, again this would empower people to make more money. So im not saying the super rich are evil, probably most people would do what they do, what im saying is that trickle down economics is not the best solution for the economy, there are better ways to do it.

What youre talking about here is trickle down economics where you give the super rich tax breaks and incentives, the theory being the super rich will provide jobs and boost the economy. Simply put this doesnt really work to boost the economy or even necessarily provide more jobs. Theres a short article on why it doesnt really work here if youre interested - https://www.thebalance.com/trickle-down-economics-theory-effect-does-it-work-3305572#:~:text=Trickle-down economics generally does,revenues in the long term. Ive heard one economist put it like, if you have one billionaire they may or not have a business and employ people but regarding their spending lets say they buy 10 houses, they buy the most expensive clothes, cars, whatever, that spending power is still no match for if you empower the middle class and create 1000 millionaires, in which case theyll buy at least 1000 houses, 1000 cars, food, clothes whatever, this would be a massive boost to the economy continually, whereas the billionaire would essentially hoard their money in investments, providing little comparative spending. Does this mean just take money from the rich and give it to the middle class? Not really, what youd want is no sweetheart tax cuts and loopholes for the rich, meaning they just pay their fair share, with the middle class getting wage raises that match the output of the company and go up with it or even at minimum go up with inflation.

Sorry but you're completely missing my point. What you think I'm saying is that capitalism is bad or that it's it's fault that there's inequality, that's a seperate argument. What I'm actually saying is that capitalism may or may not be the best system but our incarnation of it is flawed and unfair because there are loopholes that allow the richest people to pay the lowest tax, lower as a percentage than the normal person. Not only that but things that are explicitly supposed to equal and blind like justice, obviously are unequal toward the richest people. If a normal persons business goes bankrupt they don't receive a government backed bailout. True capitalism should let these companies die, because they failed. So my point is that capatilsm isn't inherently bad but it can easily be corrupted and taken advantage of if you're at the top of the tree, which means it's not really a meritocracy or anything it professes to be.

Right so thats my point, why do you think people cant be successful no matter how hard they work?

Its not about the corporation or the average person, my point is that there are holes in capitalism that allow average people, who are motivated by success to take advantage of these loopholes. Their success is based on how much money they can make or save for the owner class. So really its to do with government closing these loopholes which they might not be incentivised to do because their funding is from the owner class usually

The thing with capitalism is that its just not played fairly, there a massive corporations that pay minuscule tax and can even consciously avoid it through offshores and clever accounting, that is a direct result of just having the money to do it. This is not the case for the average person of course who cant avoid tax. On top of that having money can get you political power, better justice, education, these things should be equal regardless of wealth, by them not being equal the gap grows even larger. Youve also got average wages which dont even raise at the same rate of inflation, whereas the owner class income constantly rises, bailouts if big businesses go under etc etc. Speaking objectively, the way our brand of capitalism plays it is simply unfair, if you believe in capitalism then it should at least play by its own rules, if it doesnt then its no better than any other system that is taken advantage of by the rich. The only thing capitalism has over other systems is it gives slight hope that you can move into the owner class, this keeps people working hard everyday with that hope in mind, that one day im gonna be there even though 98% of people wont be. Other systems dont really offer that. But essentially its a pyramid scheme

I am separate or other than God is surely more toxic