Sandman Lost His Money LOL - MGTOW
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Hi Everyone Sandman Here,
This video isn't brought to you by any donations because of YouTube throttling down my channel. Even if my channel was monetized I wouldn't be making a dime discussing the coronavirus and how it effects people financially including myself because YouTube has demonetized channels discussing it that aren't outlets like the Young Turks and CNN. In terms of sponsors for this video I'm sponsoring myself which I regularly do where you can get Sandman Merch and other products and services. If you want to support my channel that's a good way of doing it too. So with that out of the way let me tell you about today's sponsor, me the Sandman: Anyways, now back with the show. I thought I'd take this video to explain to everyone what I've been doing with my investments. As I scrip and record this it's Saturday February the 28th. The Dow Jones industrial average is down about 4200 points. So how much money did I lose you ask and why? Well in the middle of February I saw what was going on with the Corona Virus and sold off all of my winning stocks except the gold producers as those stocks were hitting new highs. I was also selling stocks that had gone up a couple of percentage points or were flat. I figured the smart thing to do was to take the profits I had off the table and keep the stocks that were down and hope that they would recover. So at that time I sold off 60% of my Canadian and US Shares. As for the other forty percent about half of those were in gold shares and the other half was in companies that were good dividend paying stocks and many of them were down on average five percent. The idea was to sell them off one at a time as they became positive. But then the last week of February came and I saw that the markets and the smart money had figured out that there would would be disruptions to the supply chain and after a day and a half of watching stocks go into freefall I sold off everything but some of my safe government bond funds and gold stocks. I felt good that I had taken the risk off the table but on Wednesday I saw something very strange. Gold stocks and bond funds both started to go down. I tried selling them on Thursday but the Toronto Stock Exchange had a so called glitch and I couldn't sell. So I got out Friday morning after the gold stocks crashed sixteen percent in only two days. The weekend before the stock selloff I also sold all of my crypto currency. More specifically I converted it to a crypto currency known as Dai that tracks the US dollar. I sold my basic attention token position at about 36 cents Canadian before watching it drop down to 28 cents. You guys know how much I believe in the Brave Browser and believe the Basic Attention Token is the future of advertising. I'm also mostly a dividend investor. So selling all my positions means that I'm not earning a cent from my money right now.
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