Sea: 3- Ep-#08- Bitcoin Crashing! (Should I Sell It All?!)

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Season 3, Episode #08 of Not Me, But You! Podcast. 

Connect with me/follow me on X at: Waypa Today. I offer 1:1 or small group coaching. You can message me at [email protected] to set up a FREE 15 to 20 minute call to see if working together makes sense for us! 

Investing invovles Psychology and Behavior. This is a constant that each investor needs to be aware of so that we don't make emotional decisions and panic sell and by doing so, we hurt ourselves financially. 

I am NOT selling my Bitcoin. Why? Answer: Because I believe the price will go back up. People will often play "the look back game." In this game they note the price today and then lament that they didn't invest when the price was less! Do NOT spend your valuable time playing this game. It IS a waste of your valuable time. Instead look at today and figure out WHAT you can do TODAY and then look forward. 

What is often true is that WEALTH is built when you invest and feel uncomfortable. Possibly you even feel terrifed to invest! Investing is a financial "blood sport." If it was easy, then everyone would already be a multi millionaire! 

Long term growth and hold plays for me are: Bitcoin, MSTR stock, Tesla stock. But I'm not planning on selling ANY shares of Tesla for about 9 or 10 years! Having this longer term outlook will help you to be successful as an investor. 

Time IN the market as an investor is MUCH more important than you or I TRYING to time the market! If you focus FIRST on building cash flow, then once you have your cash flow "pipeline" in place, you will ALWAYS have extra cash to invest in growth opportunities. 

Taking a BALANCED approach to your portfolio is a winning strategy. Panic selling and LOCKING IN HUGE losses is NOT a winning strategy. If you have a combination of BOTH high yield/high risk assets AND LESS risky assets, then you will sleep better at night. You will also be able to "weather" the financial storms in the market more easily. 

I mention a helpful website in this episode and I talk briefly about Charles Payne and tell you how to get a copy of his book at a discount. 

Have courage today, and pick one thing, and work on your dreams. We will talk again soon! 

#Bitcoin, #ETF's, #Income, #MSTY, #ULTY, #cash, #wealth, #Tesla, #MSTR,  #Payne, #gambling, #psychology, #behavior, #Unbreakable Investor, #Cony, #Smcy, #Oark, #STRC

I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.