Uh, this is going to be 10x worse then 2008... firms are going out of business
@brandonfiest63682 жыл бұрын
*than
@vengefulspirit992 жыл бұрын
Ahhhh yes. The typical Timmy comment getting pinned
@Just_Pele2 жыл бұрын
Really? You obviously weren't in the market in 2008, a SHOCKING number of companies went out of business. 🙄 Congrats on the pin. 😂
@Invictus-Solaris2 жыл бұрын
Someone wasn’t alive back then. 🤣
@allmight98402 жыл бұрын
This is great depression levels of pain that the world is starting to experience. But collectibles are still good to hold onto.
@notsure78132 жыл бұрын
This man is not wearing a cheap plastic visor or a comically short tie I'm not sure we can take him seriously.
@ethanp.38672 жыл бұрын
Rudy never shows us his clown shoes 🤡
@Yosei_Law2 жыл бұрын
Dragons Milk is top tier
@callmedragon53212 жыл бұрын
Dudes got a mind blowing music video, giggidy
@pvdev80442 жыл бұрын
also has a suspiciously decent hair cut
@KrepsyK2 жыл бұрын
Facts
@Aldrnari9562 жыл бұрын
“Losers quit” That’s what I keep telling my AA group, but they keep calling me “toxic”, “a monster”, and “exactly the kind of person they’re trying not to be.”
@KrepsyK2 жыл бұрын
Good joke Hope you're doing all right
@andy_bo_bandy_42 жыл бұрын
lmfao
@comicbookgallery44312 жыл бұрын
I will drink to that 🍺
@StealthNinja45772 жыл бұрын
Rudy: "The market can stay irrational longer than you can stay solvent" Words of wisdom I took to heart.
@KrepsyK2 жыл бұрын
Facts
@kobralily2 жыл бұрын
This is actually a quote by Keynes, a famous economist
@StealthNinja45772 жыл бұрын
@@kobralily dunno that dude
@TCGFIX2 жыл бұрын
I love these videos. Good to have someone adding calm in anxious times. Thanks Rudy.
@kwyjibo10642 жыл бұрын
How bout lets NOT, whats app
@a1pha_star2 жыл бұрын
@@kwyjibo1064 It’s a bot, report it.
@mattv20992 жыл бұрын
I have to restrain myself from throwing every penny I have into stocks and reserved list cards. Good point to slow down. Do a portion every month.
@ericweis97712 жыл бұрын
Don’t be a ‘hero’
@sp1232 жыл бұрын
@Max Martins never heard of this before, is this a stock buying algorithm
@cloutcasino252 жыл бұрын
You've done this video every couple years. LoL what a great time to be alive to have soo many buying opportunities. I hope someone new is watching this version for their first time and takes your advice. I'm glad I did over the years. Thanks.
@vengefulspirit992 жыл бұрын
Been a long time viewer of Rudy's. I recently got my first real job that isn't paying me in only floppy tacos and chuck norris fists to the face. I'm excited at this incredible time to buy into the market. I saw my port go from +200% to being negative ytd. 🙃
@Anti-lytics2 жыл бұрын
As someone who shared a similar past financial career as Rudy, I can honestly say Rudy REALLY knows what he's talking about. He gives free advice that other advisors should be giving. Very knowledgeable individual. I hope people take his advice, as this is the time of transfer of wealth from the impatient to the patient.
@backyardgnome41902 жыл бұрын
love the Idiocracy quote, I use that one all the time.
@Russell_Nash2 жыл бұрын
I LIKE the old school magic stuff. I LOVE the real talk, real world, reasonable financial talks here. Thanks Rudy!
@hal0hal0mc2 жыл бұрын
Love Rudy's voice of sanity in the financial realm... I don't really do a lot of investment in physical assets (small collection of single MTG but they're really more for sentimental value) but I appreciate his insights into portfolio management and staying the course for the long term.
@bryans10002 жыл бұрын
I appreciate you taking the time to state the facts!!!
@fsmoura2 жыл бұрын
9:11 I'm not saying it's aliens . . . but it's aliens.
@fsmoura2 жыл бұрын
13:30 _". . . and that was what was like in '08. Everything punched you in the face. I'd go to my car: 'Know what, I'm going to Chick-fil-A.' And then the attendant there would be like: 'Sir, this is a Wendy's.' Brutal."_
@Jeff13mer2 жыл бұрын
Agreed. I've been dollar cost average for a long time. When the market goes down, my stocks are on sale. When my stocks go up, I'm making money. Don't let emotions get to you and keep on putting money into the greed monster, you'll walk away richer than if you try and time it perfectly
@user-uq2gn4ke6t2 жыл бұрын
DM let's talk about investment / on how to trade👍
@AccessAccess2 жыл бұрын
The sad thing around a third to half the people I talk to about investing lost it all in 2008-2009. Whether it was selling when the S&P got under 1200 and never buying back in or getting hit by a margin call on the way down because you were triple levered up in the name of chasing higher gains. When I explain that 2008-2012 were my best years as an investor, people look at me like I am crazy person who has lost my mind or living in a different reality than the rest of world. Perhaps it's just the world we live in today, a "dog eat dog", "one man's pain is another's gain" type of world.
@NorskKiwi2 жыл бұрын
You might be the best channel on the platform mate. I remember 08 well too, I agree this does not feel anywhere near that level on panic yet. With war going on and covid disrupting supply lines I think this recession will drag on many more months.
@cyrus54542 жыл бұрын
I feel like this market will stabilize soon and just move sideways for a year, not up and not down. Sort of like 1980
@DangerousOne3262 жыл бұрын
@@cyrus5454 how? We aren't even close to solving the inflation issue, they're gonna keep raising interest rates, and the Fed stopped buying bonds - they're selling them!
@fsmoura2 жыл бұрын
Can confirm. Times are really rough. Bought a punching bag the other day to do some physical training, and it punched me in the face instead! (" x _ x)
@teddy906362 жыл бұрын
Thank you Rudy! I needed to hear this! I will continue to stay the course.
@trobe23z2 жыл бұрын
It's possible this may be worst (not from a sentiment perspective) than the 08 crash because of the insane parabolic run up we've had in asset prices over the last 12 years. The easy money has caused an intense asset bubble that is in the middle of correcting. However Rudy is right, in the long term holding high quality stocks with good balance sheets is nearly always a winning strategy.
@catholiccowboy2 жыл бұрын
I agree. I think so many people are making comparisons when none of that matters. Just zoom out.... all the way out.
@michaellouis91202 жыл бұрын
Appreciate the kitty cat compassion!
@nullifiedmindz2 жыл бұрын
Whiteboard video coming soon... Flipping finally.
@WankZilla2 жыл бұрын
I'm adding wherever I can at a steady pace...time to HODL the line!
@LifeWasGood2 жыл бұрын
RUDY, I am all in on *BRAWNDO* Its got what plants crave!
@MrFame232 жыл бұрын
In Rudy we trust!
@fsmoura2 жыл бұрын
I don't know, Rudy, these huge losses are too stressful. I don't have the constitution for that. That's why I'm putting it all in stablecoins, to guarantee that things are nice and steady. 👍
@StealthNinja45772 жыл бұрын
Treat it like you bought a movie. The money is gone and that's it. Go into your email settings turn off movement notifications and log out. Next time you go to buy a month later just put your money in and log out again. Maybe afterwards buy some burger king. The constantly being plugged in is what's stressful. Life however is more than numbers on a screen.
@wallstreetbetsnew16212 жыл бұрын
That strategy sounds terrible lol.
@Malibooyahhh2 жыл бұрын
Lmao Luna to the moon
@greglane3342 жыл бұрын
I'm no quitter. I bought my first MTG booster in 8 years on Friday 😂
@zacharyuphold56632 жыл бұрын
Love the reality check. Our heads still attached? Good...movin on.
@fsmoura2 жыл бұрын
8:59 _"This concept of chasing bottoms is stupid"_ Hey! That's my dating strategy (" -.-)
@a1pha_star2 жыл бұрын
Ayo! 😂
@Wiggys232 жыл бұрын
Man why you make folks laugh, sir, william, of-Gettysburg, lolz-maybe so, this for you, know that shitty hotel outside the city, floors always wet, that place, bad ac, unit over the door leaking, man-me, that wiggys,who, like the joke, some will not get it, as, subbliminal wordish, for-let that flag fly man, with some color on it-yes, you related to, General-Stone,,-,Wall-and, Jeb-Stew,you got that right
@leroyjenkinson48662 жыл бұрын
Trying is the first step to failure.
@ericjohnson61052 жыл бұрын
Fail, or do not...there is no try.
@butterbeef85042 жыл бұрын
Rudy doesn't even look at comments
@fsmoura2 жыл бұрын
username checks out
@snoopanoop77052 жыл бұрын
We need more pink visor videos please.
@m.f.6342 жыл бұрын
No serious video without pink visor
@Bekayvd2 жыл бұрын
Thanks for spitting TRUTH Rudy. Staying the course like you taught me
@MojoPenguin2 жыл бұрын
My man Rudi laying out the Alpha... investments Respect.
@John-et5wu2 жыл бұрын
Mr. market punches me in the face every time I open the door, and I thank him kindly
@AmarusCameron2 жыл бұрын
Love the idiocracy reference, this entire world is living it!
@junglerumbler69172 жыл бұрын
This is it boys. I’ll play the violin 🎻 while step bro gets ready. It’s been a pleasure gentlemen. I’ll be buying my old magic until the internet shuts down to have something to remember the old world.
@mattbrown8172 жыл бұрын
I love this man... this was radom in my feed best random ever.
@brettlewis29002 жыл бұрын
Times like this create the most opportunity.. Great time to buy a little bit here and there and weather the storm.
@noobtuber102 жыл бұрын
Importers making a killing rn tbh, with the yen being worth 20% less the dollar, everything is on sale
@poptalgia96532 жыл бұрын
Broker for MS here! All My clients are calm. And they are sticking with their plans. And most importantly they are listening to opinions.
@rev.jimjones91002 жыл бұрын
Can i buy stocks from you?
@magusofthebargain2 жыл бұрын
making a video about losing 5 million. You are a hero
@WolfmanLNZ2 жыл бұрын
Rudy's new motto.."I Still Believe" the sax guy from The Lost Boys movie playing the song in the background.
@obliv3on2 жыл бұрын
Rudy your videos always make a regular day of mine happier and a little more worth living and I appreciate you bro.
@rands27282 жыл бұрын
Thank you so much Rudy for these types of financial videos. I appreciate you so much.
@BraniusBalki2 жыл бұрын
Rudy... Looking like a real dude...
@mattv20992 жыл бұрын
All in on Bearscape
@starscream52632 жыл бұрын
All in??? Good one ;)
@magemarshall31392 жыл бұрын
Thank you Rudy!! Need to hear this
@fiofio6012 жыл бұрын
The tricks is to always buy, each month. Never sell. I'm leaving everything to my daughter.
@7Alberto72 жыл бұрын
I'm in position! Bend 90° but in position.....stay the course!!!!!!
@tcsmagicbox2 жыл бұрын
I remember the 2008 crash. My family lost faith in the market but we didn't sell, we just did nothing. 10-12 years later it all came back and then some.
@carracuda39202 жыл бұрын
Staying the course. It hurts.
@oldmanmagic72372 жыл бұрын
I want to echo my thanks for these types of videos. If the only thing that anyone gets out of them is to "slow down and think rationally" about ANY type of investment (401k, IRA, crypto, collectables, real estate, precious metals, etc.), you've done those that listen a huge service.
@TheBlueCollarConservative2 жыл бұрын
As much as I would love to agree with you Rudy, there are analysts who are predicting a lost decade in the next 10yrs similar to what happened to the Japanese market in the 80's. As someone who has lost 30% of his 401k in the last 3 mos and who is 51yrs old, I'm scared for my retirement.
Revised duals . . . always a safe haven in stormy markets.
@Pollutical2 жыл бұрын
My God, he has a comb?! No no, that's from cards.
@OhMightyONE2342 жыл бұрын
lmao the rudy walk
@hockeycardsonly30252 жыл бұрын
My local McDonalds went out of business. This should NEVER have happened. Something sinister is happening behind the scenes 🤙
@odie1973ro2 жыл бұрын
I love story time with Rudy. 2008 CRASH... Hold the Course is the answer. Thank you for keeping it REAL.
@mrpumba1242 жыл бұрын
Thanks for making these I like listening to them.
@willgunter61732 жыл бұрын
Definitely good advice. I think other than 2020 its a little different then previous crashes. We have so many bad influencers because of technology and social media. We are in an age where everybody has extremely easy access to the markets and too many people make videos of what the market will do next.
@timothytiu13332 жыл бұрын
We all have to realize our gains in cash one day. There is nothing wrong in selling.
@kisekinecro2 жыл бұрын
Things will go up for sure, but my concern about this crash is that....during the 08 crash, us government got tons of funding from the Chinese government to balance things out. This time there's no Chinese government to help because they are in a much deeper shit than we do. In 12- 18 months US and the world should be starting to "walk out" from this crap, however, if the Chinese economy collapsed anytime during this period, we would be in this hellhole for at least few more years.
@SieTeppischfresser2 жыл бұрын
My sister is a CFA for a major bank and she's stunned my how relatively calm everyone is. I asked her about how many calls she was getting everyday, but was surprised when she said she got hardly any. People are not freaking out like in 2008.
@pvdev80442 жыл бұрын
she ever get stuck in a dryer?
@DangerousOne3262 жыл бұрын
Because it just started... Like we just entered a bear market. Wait for the real crash.
@KrepsyK2 жыл бұрын
Yet
@pokastore17602 жыл бұрын
We are now holding a decent amount of fusion and chilling reign. We are Ready! :P
@King_Daihatsu2 жыл бұрын
i want that quote on a shirt "The Market Gives No Fucks About It"
@ixtlan6162 жыл бұрын
IM DOING ALRIGHT
@Xxblinkhardy46xX2 жыл бұрын
"Beautiful world out there"
@fsmoura2 жыл бұрын
That's what she said. What I said was "I wouldn't know. I don't go outside."
@kevinguns73862 жыл бұрын
The only thing you forget, people don't have the extra cash to keep buying these days. Heating/electricity exploded 400%, gas prices 40%, building materials (if you can find any) 2-300%, food 20-30%. + the income raise lags a year behind each inflation drop.
@DevineAbyss2 жыл бұрын
@Rudi Wow, this is actually sound, well-reflected advice. Noone can know whether we are at the bottom. Keep buying in intervalls and spread the cash out, so that you take some of the low prices and have stuff before it goes up again. Very few will hit the perfect bottom perfectly by accident. Those who try diliberatly will most likely miss the discount completly.
@pumptydumpty76002 жыл бұрын
This is 100% spot on!!
@leer39432 жыл бұрын
Heroes don't always wear capes... except for Rudy, I'd imagine he likes wearing capes.
It’s awesome Rudy reads the comments from his videos. Thanks for the reference 😂😂😂😂
@matheusoliveira10862 жыл бұрын
Bro came here for magic cards and shit, been getting financial gold I’ve never got my whole life. Thanks Rudy
@andretroncao2 жыл бұрын
Nice haircut Rudy
@ericweis97712 жыл бұрын
Lol floppy taco creepy Rudy at his best! Great analysis Thanks
@ricardoblikman26762 жыл бұрын
Everything is possible! Like me finally being a patron and against my own rules and ethics creating a crypto wallet to pay big daddy Rudy :)
@Pumpherfull2 жыл бұрын
Ur the man Rudy. Can't wait to meet you person. Look up to you bro! Wish u nothing but the best thanks for all info and insights you provide.
@P4c0x24x2 жыл бұрын
So basically what the taco king cover on toilet water just told. Buy and get beat up, and enjoy the ride.. where’s the kicker.. What if you enjoy that?.. Is it masochism, our I’m just a big taco lover, that can’t control it self. And just buy top of the shelf items. At a .50 discount, if so.. I’ll take 10. And and say thank you! May I have another!
@jeramiahstarszak70132 жыл бұрын
This was literally me last week. Shifted a large portion of my 401k into my companies stock. The next two days it dropped 10%+ each day. But here we are a week later and the price is back to above where I purchased it.
@ikestoddard24582 жыл бұрын
“Plants need electrolytes!” The best stock advice ever!!! Is that an Idiocracy quote?
@carlosmunoz30892 жыл бұрын
You must have gone to Costco U.
@jasonoshman10792 жыл бұрын
I like how if you hover over the thumbnail for this video, it's just a gif of Rudy using his ninja taco-jutsu skills to fight off a bunch of flies around him.
@jasonoshman10792 жыл бұрын
Sure thing 'Rudy' ;)
@duo3152 жыл бұрын
i got out of college in january 2011 and couldn't get a job......like any job. like, i got an interview at a popcorn shop and no call back. I'm not looking forward to another recession, but I'm definitely glad to be in a better spot, job-wise and also owning a house now, considering how bad it was back then
@GreatPhilenko2 жыл бұрын
Oh no, not the Step Bros! D:
@MattRose19852 жыл бұрын
Like I heard Dave Ramsey say one time “ the stock market is like a roller coaster the only person that gets hurt is the one one who jumps off too early”
@mjhout2 жыл бұрын
The hell is a microwave grill
@backtosquarefun2 жыл бұрын
Rudy Watery hair dripple go bloop
@topang43042 жыл бұрын
what a great video as always. i love these videos rudy
@victordavila49392 жыл бұрын
thanks rudy
@Lunchable_OP2 жыл бұрын
Just turned the camera on and spit 🔥 loved the vid Rudy . I really feel bad for the people who got in with the Gme amc doge hyper space rocket time cause 80% of them got smoked and definitely didn’t watch this vid cause they’re not touching anything anymore . Lots of lessons here
@scottachaseII2 жыл бұрын
I'm still buying amc and gme as 5% of my portfolio now but might be more if it keeps dropping. I think at current prices there are both fundamentally undervalued.
@blacklanner58862 жыл бұрын
How we feel about living through so many "once in a lifetime events" back-to-back.
@mikeyneidz40232 жыл бұрын
I died at "Don't Leroy Jenkins this shit"
@zz3kE2 жыл бұрын
Even the bag of popcorn is punching me in the face this time
@hollywoodtcg70232 жыл бұрын
Thank you rudy !! So informative !!!!
@mjhout2 жыл бұрын
Thank you Rudy, this was genuinely helpful
@SWNJim2 жыл бұрын
Over the last 8 months, the stock price for my job has erased 5 years worth of gains. I’m putting everything I can spare (not being a hero) to put into their stock purchasing plan (extra 5% off). It’s basically like getting in on the ground floor. Our revenue is up but profit is down because we opened up several other locations. I don’t expect it to bounce back overnight, but once the bonds that we’ve have matured (2023, 2025), I would expect this to turn around. This job is in medical billing. Short of some miracle getting us universal healthcare, my job isn’t going anywhere.
@Shannon_Vlogs2 жыл бұрын
Why are we getting into washer/dryers? That’s the only part I don’t understand
@fsmoura2 жыл бұрын
i'll explain... get in the washer-dryer... giggity
@Shannon_Vlogs2 жыл бұрын
@@fsmoura finally! Someone who can translate! Thank you for this information!
@thatguygreg2 жыл бұрын
Best channel on KZbin for sure. Sage advice. Been investing every month for the last 15 years, nothing changed now. I’ve had some cash saved so I could start buying more when things dipped. It’s like Black Friday for stocks right now, the lower they go the more I buy.
@cepri293332 жыл бұрын
save fiat debt paper ? realy ? its backed by ? ur welcome.... better get silver/copper and gold.....
@thatguygreg2 жыл бұрын
@@cepri29333 haha, good one!
@boxwi2 жыл бұрын
You should sell some of it for some massive carry forward losses you can use on into the future.