Crush The Wealth Gap

How Capitalism Drives Innovation

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2020 Income Collapse is hurting Musicians and other Creatives - How to make more money as a Creative working in the industry; we're going to review a musician as a case study.  

Disclaimer: I don't know illGates in person, I'm only going off of the small clip I pulled from the podcast to illustrate a point. This video, in no way is a reflection of his financial situation in whole.  

Links from Video: 

How Compounding works to get you Exponential growth: https://youtu.be/MrWaDzsrVS8

My music: http://amanbansil.com 

I'm a hobbyist #MusicProducer and I'm aware of the craziness that #2020 has caused for #Musicians around the world. I excel in #investment #strategy for the long term, especially if you have #capital coming in that you can't #invest properly. Proper #AssetAllocation is my bread and butter and I'm trying to address a need that I heard recently on a podcast. Frankly, it was heartbreaking and I could hear the fear in his voice. So, I wanted to record this to try to explain how investing is really really really important and how we can smooth out #income for Creative people who find themselves in a pinch right now. Obviously, it's too late to help those in trouble RIGHT NOW; but, at least, we can start the process to have them understand how to invest properly and how to take investing seriously to stabilize their incomes in the future. Let's go through this talk and let's see if I can convince you to start investing.     

Channel Support: 

Merch (supports the channel directly): https://teespring.com/stores/crush-the-wealth-gap 

Patreon: https://www.patreon.com/amanbansil (thank you!) 

Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261 

Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap  

My other creative works: http://amanbansil.com  

What Apple stock split really means for you & something else that's more important

Support:

Patreon: https://www.patreon.com/amanbansil (thank you!)

Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261

Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap

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My other creative works: http://amanbansil.com

Let's talk about the Microsoft TikTok deal

Support:

Patreon: https://www.patreon.com/amanbansil (thank you!)

Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261

Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap

Grab a Hoodie: https://teespring.com/stores/crush-the-wealth-gap

My other creative works: http://amanbansil.com

The upcoming Real Estate crash - are you ready?

Support:

Patreon: https://www.patreon.com/amanbansil (thank you!)

Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261

Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap

Grab a Hoodie: https://teespring.com/stores/crush-the-wealth-gap

My other creative works: http://amanbansil.com

What do immigrants really think about America?

We often hear the classic cliches "the land of the free" but what do immigrants really think about America and what advice do they have for others?

Support:

Patreon: https://www.patreon.com/amanbansil (thank you!) 

Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261 

Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap 

Grab a Hoodie: https://teespring.com/stores/crush-the-wealth-gap  

My other creative works: http://amanbansil.com

Is Day Trading Worth It? 

[Citations below] You'll often hear people around you recommend Day Trading in its various forms; in this video, I take a look at what the research says about Day Trading.  

Citations:  

1) https://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trading%20and%20Learning%20110217.pdf 

2) http://www.econ.yale.edu/~shiller/behfin/2005-04/kumar.pdf

3) https://faculty.haas.berkeley.edu/odean/Papers%20current%20versions/Individual_Investor_Performance_Final.pdf

My other creative works: http://amanbansil.com 

Channel Support: 

Patreon: https://www.patreon.com/amanbansil (thank you!) 

Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261

Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap

Grab a Hoodie: https://teespring.com/stores/crush-the-wealth-gap

Stock Market Crashed  

Rona, unemployment, and fed pumping trillions into the market with their printers BRRRRRR Should your strategy change overall when markets are doing this?  The market just an amazing bull run but the last two days have been a downward spiral and it looks like we’re about to drop even more. What should you do with your stocks? Since Feb, Markets have been volatile. In Mar, markets drop so much that it triggered circuit breaks in the market   Circuit brakes are market volatility regulations which were put in place in 1987 when the market dropped 22.6% in a single day. That was known as the Black Monday. A second incident happned in 2010 when Dow jones went down over 9% in 10 minutes. And then subsequently recovered before the market close. A lot of lessons were learned about machine trading on that day.  

Level 1 - 7% drop - 15 min timeout 

Level 2 - 13% drop 15 timeout 

Level 3 - 20% drop - quits go home. We’re done for the day, everyone is just too panicked.  

Now the question is…is the market going up from here or is it going down? Should you do anything differently for you stocks when the market is going down like this?  It depends on the type of investor you are. If you’re a trader with lots of leverage, I would not be holding margin positions as the market is dropping unless you’re shorting the market. But this talk is for long term investors so, good luck buddy; I suggest r/wallstreetbets to find others of your kind (I lurk there, yes...yes, I do...I'm not ashamed to admit it)...but check out r/bogleheads when you're ready Obiwan.  One thing is for certain, generally speaking don’t sell into a market crash because you’re likely to panic and then try to buy back in at wrong prices.  Psychology of Traders: When market drops, it create a panic which causes selling to occur - eventually there is a price where people buy…people think that it can’t go below here…and people buy in and they really load up…now then markets can drop even further…this is where the market had taken a breather and now it’s resuming it’s sell off. During this time, you shouldn’t load up, rather you should buy a little bit at a time..because the idea here is to buy around the bottom, not at the bottom.   Your fav stocks are about to go on a sale again.  Hold cash and wait for drops to buy into stocks that you already love…Add to your index positions. These market drops are the time when you should really load up and buy more shares.  As market drops lower, an investor seeks to buy more of the quality assets they already own, in my case that’s SP500 index as a the majority holding (85% currently). Buying like this allows you to take advantage of market fear and buy your fav stock or index at really good prices.  So, don’t panic and hold cash - look for opportunities to buy some more. Have a longer term outlook that is at minimum 5-10 years out - if not more (if not, my fave "FOREVER" outlook - where you hold forever and live off your stocks when you're ready - and I'm trying to get there wayyyyy before retirement). You’ll do just fine. If you’re at retirement age, you shouldn’t be playing in the stock market too much…but you already know that. Any 50+ years olds should have a well diversified BONDS, STOCKS, and REAL ESTATE portfolio to ride through the market craziness...actually, I have more videos coming SPECIFICALLY for people that are trying to retire well and not just GUN IT and make couple of multi millions like I'm trying to do. More on that later.  Good luck

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http://amanbansil.com 

Best Relationship Advice Ever

Life is not always about meeting financial goals; sometimes, 'wealth' means more than monetary wealth and having peace of mind can be just as important. In this video, I share a simple technique which has worked wonders for me. I truly believe that most of our issues that we see are related to us having unrealistic expectations of others. We need to make sure that we set ourselves up for success by dealing with our INTERNAL issues and not projecting them on other people we're with. This type of introspection creates lasting relationships. 

http://amanbansil.com

The clip at the beginning of this video broke my heart when I saw it. I could feel the raw pain of this man (wearing the cap) and, in just a minute, I understood the systemic, generational wealth gap (and racism) that exists in the Black community. I can't help with the generational racism, but I can do my part in trying to educate minorities of all color about how we can all create Generational Wealth in our families and our communities. It's not difficult, it's not impossible, it just requires you to learn and apply those lessons and be persistent. I started with a negative net worth about 12 years ago; today, with 1.4M in net worth and climbing, I've learned a few lessons which I can share in order to help others. We gotta fix this. All of us who can, have to help educate; we gotta try.