HOW TO AVOID STOCK MARKET FOMO?! | Investing Mindset 101 (Part1 )

Meme stocks, hype stocks, growth stocks, HYPER growth stocks, crypto...  these are all fine ways to potentially get burnt if not playing the  stock market game right. Heard about a fresh hot stock from a  friend...watch this BEFORE you buy!   --------------------------------------------------------------------  THIS EPISODE IN PODCASTS FORMAT: https://anchor.fm/tworandomdudesinvest  --------------------------------------------------------------------  Our Instagram accounts:  https://www.instagram.com/danylobobyk/  https://www.instagram.com/brentcalis/

Should you invest in the stock market actively or passively? First...  what does that even mean?! We dive into the options for passive  investing such as ETFs (Electronically Traded Funds) - which are  basically baskets of stocks, discussed what managed and unmanaged funds  along with those offered by banks. BEWARE of what's in some of these  funds. Danylo shares his story of how he was shocked about what was in  his "Eco Terra" fund which launched his quest to get more educated and  taking finances into his own hands. Brent points out the advantages of  passive investing and a more peaceful lifestyle. We disagree on Swing-trading though! listen to find out why...    THIS EPISODE IN VIDEO FORMAT: https://youtu.be/tLEWaQI5fd4 Our Instagram accounts:  https://www.instagram.com/danylobobyk/  https://www.instagram.com/brentcalis/

We have been busy working as professional photographers since things  "re-openned" here in Canada this is an update for you to keep you up to  date with why we haven't been posting regularly like we used to a the  beginning of 2021. Danylo sold all of his stocks - including all his EV  stocks - to put the capital into a real-estate property during this real  estate craze. Brent shares how his approach to life and how he invests  changed in the last months.

On this episode of the Two Random Dudes Invest podcast we discuss how to prepare your portfolio for stock market corrections. Should you sell everything? Should you rotate out of high growth stocks into value plays? Everybody will have a different strategy, but the important thing is to actually have a plan and to stick to it. Corrections and crashes are always around the corner and learning to live with them will help you be a better trader and investor. Remember, the goal is to buy low and sell high. Or to pick stocks you can hold in your portfolio for multiple years without having to check your account daily. Our instincts play tricks on us and make us take on more risk when stocks are high, but maybe it’s better take more risk when they are going down. Is the correction over? Nobody actually knows the answer, but together we are stronger. And together we can grow.  ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••  Our favourite charting tool / Trading View /with free version / 30$ OFF for paid with the link:  https://www.tradingview.com/gopro/?sh...   Recommended platform for Canadian beginner investors: Wealth Simple | Get 10$ free when you signup with this link: https://my.wealthsimple.com/app/publi...   Danylo's favourite trading platform | QUESTRADE | get 25$ when you open an account:  https://start.questrade.com/?oaa_prom... ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••  DISCLAIMER: We are two random dudes on YouTube. All content in this video is for entertainment purposes only and NOT FINANCIAL advice. The stock market is very risky and you can lose a lot of money (or all of it). Always do your own due diligence. ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

In this podcast we discuss the mindset needed to be successful in stock trading and crypto trading. What are the strategies you need when investing your money? How can you make the most money when investing in the stock market? What are the best ways to use psychology in the markets to make better decisions when buying a stock like tesla or making your first investment in crytpo currencies like bitcoin. 

We ask the question if you should invest with debt. We  discuss the importance of paying off debt before investing in the stock  market or cryptocurrencies. What is the difference between mortgage  debt and credit card debt? What are the best ways to pay off debt in  order to invest? Danylo and Brent break down their strategies for saving  money and generating income in order to start buying stocks and cryptocurrency. If you're a beginner into the stock market and cryptocurrencies, this is a great place to start your journey.